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• South Florida by the numbers: Rental health day

  by Master Brokers Forum on April 24, 2024

  “South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. Attitudes on South Florida’s scintillating rental market vary wildly, depending on perspective. For local unit owners and investors, the sector remains insanely profitable (even if somewhat cooler than last year), while struggling renters are among The post South Florida by the numbers: Rental health day appeared first on The Real Deal.

• Starwood sells four office buildings in Miramar at a loss for $45M

  by Lidia Dinkova on April 24, 2024

  Starwood Capital Group sold an office portfolio in Miramar for $45 million, marking a 45 percent discount off its purchase price nine years ago.  YMP Real Estate Management bought the pair of Miramar Centre I and III buildings at 3401 and 3601 Southwest 160th Avenue, as well as the pair of Huntington Centre I and The post Starwood sells four office buildings in Miramar at a loss for $45M appeared first on The Real Deal.

• Good Greek Moving & Storage Leads Revamp of Moving Industry

  by Sponsored Content on April 24, 2024

  Once the ink dries and the keys are handed over, it takes a superhero effort to orchestrate a seamless move. That’s where South Florida-based Good Greek Moving & Storage comes in. Known as the “Superhero Movers” with their distinctive yellow and blue trucks featuring the iconic “Spero the Hero” character, Florida’s Most Referred Moving Company The post Good Greek Moving & Storage Leads Revamp of Moving Industry appeared first on The Real Deal.

• The Breakers wins approval for courtyard renovation

  by Kate Hinsche on April 23, 2024

  The Breakers, Palm Beach’s historic oceanfront resort, won approval for the renovation of a central courtyard, the last site on the property in need of major restoration work. The Town of Palm Beach Landmarks Preservation Commission approved plans to update the 16,000-square-foot Mediterranean Courtyard at its meeting last week. Renovations will include adding a 1,800-square-foot The post The Breakers wins approval for courtyard renovation appeared first on The Real Deal.

• Keith Menin buys waterfront Miami Beach home of late Telemundo exec Don Browne

  by Katherine Kallergis on April 23, 2024

  Developer and hospitality mogul Keith Menin paid $16.1 million for the waterfront Miami Beach home that belonged to the late Don Browne, former president of Telemundo.  Menin said he acquired the 5,552-square-foot, five-bedroom, seven-bathroom home at 5300 North Bay Road. The sale closed late last week, according to the Multiple Listing Service. A trust in The post Keith Menin buys waterfront Miami Beach home of late Telemundo exec Don Browne appeared first on The Real Deal.

• Billionaire hedge funder Larry Robbins makes South Florida move

  by TRD Staff on April 23, 2024

  Hedge funder Larry Robbins is the latest New York billionaire moving to South Florida.  Unlike other billionaires jumping on the wealth migration wagon, Robbins isn’t relocating his company along with his family. Robbins’ Glenview Capital Management will remain based in New York City –– for now, Bloomberg reports. Despite making the move himself, Robbins warned The post Billionaire hedge funder Larry Robbins makes South Florida move appeared first on The Real Deal.

• After yearslong litigation, former lender wins lawsuit tied to Miami Design District dev site

  by Katherine Kallergis on April 23, 2024

  A former lender of the failed project at the entrance to the Miami Design District and Midtown Miami won in court this week, likely closing the door on years of litigation surrounding previous plans for the property.  Miami-based HES Group had planned to develop the site into Triptych Miami, a 475,000-square-foot project with a hotel, The post After yearslong litigation, former lender wins lawsuit tied to Miami Design District dev site appeared first on The Real Deal.

• South Florida industrial vacancies rise in the first quarter

  by Francisco Alvarado on April 23, 2024

  South Florida industrial landlords may see a slowdown on the horizon, as vacancies crept up across the tri-county region in the first quarter, according to a CBRE report. Demand in Miami-Dade County is growing at a slower pace, dropping to 2.1 million square feet in the last 12 months, well below a five-year average annual The post South Florida industrial vacancies rise in the first quarter appeared first on The Real Deal.

• Continuum closing tops Miami-Dade weekly condo sales

  by Adam Farence on April 23, 2024

  Miami-Dade County’s condo sales and dollar volume rose last week. Brokers closed 160 condo sales totaling $156 million from April 15th to April 22nd. The previous week, brokers closed 135 condo sales totaling $141 million. Last week’s units sold for an average price of $977,219, lower than the $1,044,934 average price from the previous week. The post Continuum closing tops Miami-Dade weekly condo sales appeared first on The Real Deal.

• Weekly luxury contracts down in Miami-Dade, led by $20M Continuum unit

  by Kate Hinsche on April 22, 2024

  Dealmaking in Miami-Dade County’s luxury residential market slowed last week, with just nine homes over $4 million going into contract. That’s down from 17 new contracts inked the previous week, according to the Eklund-Gomes report. The combined asking dollar volume April 15 to April 21 for four condos and five single-family homes was $66.5 million, The post Weekly luxury contracts down in Miami-Dade, led by $20M Continuum unit appeared first on The Real Deal.