South Pointe apartments under construction in Miami-Dade, report says

Posted on November 5, 2015, 4:05 pm

New apartments are coming to the Naranja community in south Miami-Dade County, according to news reports. Ocean Bank provided a $26.7 million construction loan to the developer of the South Pointe apartments, a 252-unit complex at Southwest 272nd Street and Southwest 137th Avenue. The Miami-based...

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Giant oaks to canopy planned high-dollar homes in Davie

Posted on November 3, 2015, 9:22 pm

Nearly 100 mature oak trees adorn a 22-acre parcel in Davie that Julian Consuegra and his business partners at Magna Developers acquired for $2.7 million in late 2013.Consuegra said he and his team figured the trees would give the upscale homes in their proposed community instant curb appeal, but...

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Miami Beach voters to decide on North Beach condo proposal

Posted on November 3, 2015, 6:30 pm

In a first, a developer is asking Miami Beach voters to approve his plan to build a 250-foot-tall luxury condo project along a historic stretch of Ocean Terrace in North Beach. Opinion is split on the project, with some members of the middle-class, largely immigrant community saying it would destroy...

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Luxury condos may replace 1960s building in Surfside

Posted on November 3, 2015, 3:41 pm

If you live in an old building on South Florida's prime waterfront, don't get too comfortable: Developers want your sand. In the latest mega-deal to happen on the beach, a New York-based developer said he has struck a $55 million deal to buy a Surf House, a modest condo building in Surfside that...

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Real estate scandal turns nasty in Miami

Posted on November 2, 2015, 7:14 pm

A tawdry dispute has divided South Florida's real-estate community, particularly in the niche luxury market, where one lucrative sale can elevate a broker to stardom and wealth. Realtor Kevin Tomlinson, then of ONE Sotheby's International Realty, accused the glamorous Miami Beach duo known as The...

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Jailed developers' Miami Beach mansion on sale for $29.5 million

Posted on November 2, 2015, 3:43 pm

A Miami Beach mansion owned by jailed developers Maurice Cohen and Leon Cohen has been put on the market for $29.5 million, the South Florida Business Journal is reporting. The Cohens were sentenced to a five-year term in 2012 for defrauding French banks and tax evasion, the story says. The nine-bedroom...

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26,000 condos in pipeline for downtown Miami

Posted on October 30, 2015, 8:45 pm

Miami's potential condo pipeline grew by 738 units this past quarter compared to last, now promising to inflate the greater downtown market by 26,000 new units. Add to that another 10,000 or so units planned for the conventional rental market, of which about 4,900 are currently under construction,...

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Ex-Miami Dolphin Patrick Surtain buys Plantation home for $2.2M

Posted on October 30, 2015, 7:53 pm

Patrick Surtain, a former Pro Bowl cornerback for the Miami Dolphins, and wife Michelle Surtain bought a newly built home in Plantation for $2.25 million. The 6,556-square-foot home is at 1600 S.W. First Court in the Heritage Estates neighborhood. It has five bedrooms, 6.5 bathrooms and marble...

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Miami Beach to consider two significant development projects

Posted on October 30, 2015, 7:42 pm

A multifamily complex and a commercial building are seeking approval in Miami Beach. In the larger project, Euroamerican Group wants to tear down four 3-story buildings at 31 Venetian Way and replace them with a 5-story multifamily building, called the Belle Isla Apartments. Golden Mile Shoppes,...

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New life for the former Motorola office park in Plantation

Posted on October 30, 2015, 6:09 pm

Where most people saw outdated office buildings on a sprawling Plantation campus, Michael Burns saw potential. "We acquired and inherited a really good underlying asset," Burns said of the 850,000-square-foot Motorola Solutions office park at 8000 W. Sunrise Boulevard. "The buildings have good...

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Real Estate Notebook: Renovated Palm Beach mansion up for auction

Posted on October 30, 2015, 2:27 pm

It'll take a minimum bid of $7 million to participate in the Nov. 11 auction of an 8,000-square-foot Palm Beach estate. The 1930s Georgian home at 201 Banyan Road has six bedrooms, 7.5 bathrooms, a 1,200-bottle, climate-controlled wine room and a pool and spa with spill fountain. The estate is...

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Ask a Real Estate Pro: Homeowner can fight government's plan to seize land

Posted on October 30, 2015, 2:22 pm

Board-certified real estate lawyer Gary M. Singer writes about the housing market at each Friday. To ask him a question, go to Q: We just got a letter from the government telling us it's taking the front 15 feet of our yard to expand the...

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North Miami Beach land sells for $14.9 million

Posted on October 29, 2015, 4:22 pm

Several commercial parcels totaling just over two acres on Biscayne Boulevard in North Miami Beach have sold as a group for $14.9 million, according to Marcus & Millichap, which brokered the deal. The buyer of the lots, at 15100 Biscayne Blvd. and 15180-15203 Biscayne Blvd., is Prestige Imports,...

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First condo under construction at massive Metropica in Sunrise

Posted on October 28, 2015, 8:34 pm

A developer has started building the first of eight condominiums planned for the $1 billion Metropica development in Sunrise.The 263 units in the YOO at Metropica will be priced from $300,000 to more than $1 million. Construction of the 28-story building, the tallest in Sunrise, is expected to...

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Terra Group sells $20M penthouse at GLASS in Miami Beach

Posted on October 28, 2015, 6:32 pm

Terra Group banked $20 million by dealing the penthouse at its GLASS 120 condominium in Miami Beach. The 18-story building at 120 Ocean Drive has only 10 luxury units, each taking up at least one full floor with 360-degree views. It has an all glass view of the ocean from the South of Fifth neighborhood....

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Aventura condo project proceeds despite lawsuit

Posted on October 28, 2015, 4:02 pm

The developers of a proposed condominium project on an Aventura island said they have secured up to $200 million in financing, despite a lawsuit clouding whether the project can be built. Priv? at Island Estate's developers, Gary Cohen and BH3, said they have received $250 million through deposits...

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South Florida home price gains outpacing most of the nation

Posted on October 27, 2015, 7:42 pm

South Florida continues to see higher home-price increases than most of the rest of the country, according to a leading indicator released Tuesday.Prices in Palm Beach, Broward and Miami-Dade counties rose 7.4 percent in August compared with August 2014, figures from the Standard & Poor's/Case-Shiller...

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First for South Florida: Surgical and wellness complex planned for West Cypress Creek Road

Posted on October 26, 2015, 9:42 pm

A $30 million, 80,000-square-foot surgery center and wellness center, billed as "the first of its kind in South Florida," is being developed on West Cypress Creek Road. Scheduled to open in early 2017, Cypress Creek Medical Pavilion will feature an 18,000-square-foot outpatient surgical center,...

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Dental implant company to add 178 jobs in Palm Beach County

Posted on October 26, 2015, 4:41 pm

Zimmer Biomet, the result of a merger between two medical device companies earlier this year, will create 178 jobs at its dental implant operation in Palm Beach Gardens, the company announced Monday. The new jobs, with an average annual wage of $83,000, are expected to be created over four years....

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South Florida housing market shows steady gains, Freddie Mac says

Posted on October 23, 2015, 8:15 pm

South Florida continues to shine when it comes to housing markets on the mend. Palm Beach, Broward and Miami-Dade counties scored 84.7 in August on Freddie Mac's Multi-Indicator Market Index, a 14 percent increase from a year ago. The index ranks the nation's 100 largest markets by how stable they...

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Florida Police and Firefighters Pension Sues Nationstar for Securities Fraud

U.S. v. Bartram: Appellate court guts five-year limitations law (briefs available)

How to Fabricate Evidence: Wells Fargo’s Foreclosure Manual Confirms the Worst

David Stern Disbarred, Recommends Florida Bar Referee


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