Miami, FL Real Estate

Developers Have Their Eye on 'Historically Underdeveloped' Hallandale Beach

Hallandale Beach has caught the attention of real estate developers as more projects continue to revitalize the area. Despite being surrounded by high-income and highly-populated areas such as nearby Aventura, Sunny Isles Beach and Golden Beach, Hallandale needs a lot of work, according to Grupo Eco real estate developer Daniel Chaberman.
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Marcus & Millichap Brokers $4M Sale of Apartment Property in Miami Beach

MIAMI BEACH, FLA. — Marcus & Millichap has brokered the $4 million sale of Abbott Arms, a 25-unit apartment property located in Miami Beach. Evan Kristol and Felipe Echarte of Marcus & Millichap had the exclusive listing to market the property on behalf of the seller, Richard Shindler, the Trustee of Abbott Arms Trust. The buyer was not disclosed. Abbott Arms is made up on two separate properties that will be combined into one.

Foreclosure lawsuit targets DoubleTree hotel near Miami International Airport

The owner of the DoubleTree by Hilton Hotel & Miami Airport Convention Center allegedly hasn’t made mortgage payments since April 2020. So now the lender is looking to collect nearly $33 million in outstanding debt. The lender, a commercial mortgage-backed securities trust represented by an affiliate of Miami-based Rialto Capital...
Miami Herald

Financial scene grows in Brickell with arrival of two new firms

Brickell continues to attract new office tenants — and one expert says it’s just the beginning. The Manhattan-based financial adviser firm Legend Advance Funding and the Madrid-based renewable energy investment company Matrix Renewables signed office leases in Brickell, according to Colliers Director Tyler de la Peña. Colliers oversees office leasing activity for Gatsby Enterprises, the landlord, at the 14-story 800 Brickell — the building where both firms signed leases.

Check out these Miami homes on the market

Whether you’re looking for a new home on acreage or a fixer-upper close to amenities, you can probably find a listing here to suit you: 2/2 plus Den , located in the highly desirable San Souci area east of US1 . HANDYMAN SPECIAL , BRING YOUR OFFER. Minutes to

Bill Hutchinson’s Pink Gothic Castle in Miami Sells for $10 Million

Click here to read the full article. Always wanted to live in the Doge’s Palace, but in Florida? Too late! “Marrying Millions” reality star Bill Hutchinson’s waterfront Gothic style fantasy in Coconut Grove, Fla., has just sold. The property was languishing on the market at $8.25 million until agents Chad Carroll and Matthew Dugow (with The Carroll Group at Compass) raised the price to $10.95 million and quickly sold it for exactly $10 million, a profitable amount over the not quite $6 million paid for the property five years ago. The buyers were represented by Meredith Zeder with The Jills...

Panel Makes Building Safety Recommendations As More Condo Owners See Their Buildings In Different Light After Surfside

MIAMI (CBSMiami) – Since the sudden deadly Surfside collapse, condo owners like Daisy Colon have seen their building in a different light. “It made me look at what I hear a little closer and question what I see,” she says. Her building a block from Fort Lauderdale beach is 50 years old and while there is great attention to maintenance there are unexpected costs. “We just all had to pay because some units didn’t have impact Windows so we all got assessed,” she says Such assessments may become more frequent in the future. If the Florida legislature enacts sweeping recommendations of the Broward Condominium Structural...

Real Estate Primed for Further Growth in Greater Miami’s Evolving Neighborhoods

The state of real estate development today in Miami-Dade is fueled by expectations of strong returns. One need only look at the number of cranes dotting our regional high-rise commercial and residential zones of Miami, Miami Beach, Coral Gables and elsewhere to recognize the intensity. Currently, metropolitan Miami has the third tallest skyline in the country, and nearly every commercial neighborhood has construction of some kind occurring.

Tech entrepreneur pays $8M for Continuum South Beach condo

Tech entrepreneur Hari Ravichandran paid $8 million for a condo at the Continuum in South Beach, The Real Deal has learned. Ravichandran is the founder and former CEO of Burlington, Massachusetts-based Endurance International Group, which acquired Waltham, Massachusetts-based Constant Contact, an online marketing company that focuses on email campaigns, for $1.1 billion in 2016. It later sold Constant Contact.

The dwindling supply of homes may be poised for a turnaround, cooling the red-hot market

The dwindling supply of homes may be poised for a turnaround, cooling the red-hot market. The housing market has been red hot. The combination of low borrowing rates, strong demand for more living and work-from-home space as the pandemic wears on, and tight supply have driven up prices. While concentrating on price and sales, which are indicators of demand, is important, don’t overlook supply. More homes may be hitting the market, helping cool it down some. [Source: Miami Herald]