Real Estate News

Florida Tax Revenue Tops Projection

FloridaRealtors.org -- Oct. 04, 2024 7:10:36 AM

The state’s general revenue collections in Aug. totaled $3.6 billion, 4.3% higher than expected, thanks to a boost from sales taxes and earnings on investments.
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Helene’s Estimated Insured Losses Top $835M

FloridaRealtors.org -- Oct. 04, 2024 7:10:33 AM

Fla. Office of Insurance Regulation: With 84,400 claims filed, the state’s estimated insured losses from Hurricane Helene totaled $835,853,221 on Oct. 3.
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Javier Cervera bulks up retail portfolio with $18M Kendall shopping center purchase

The Real Deal Miami -- Oct. 03, 2024 9:34:39 PM

Javier Cervera now has a dozen retail buildings and shopping centers in his Miami-Dade commercial portfolio, after paying $18.2 million for a Kendall shopping center anchored by a Firestone tire and car repair shop.  An affiliate of his Coral Gables-based firm, Cervera Real Estate Ventures, or C-Rev, acquired Miller Plaza at 5801 Southwest 137th Avenue, […]

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Meta Development plans Brickell boutique condominium

The Real Deal Miami -- Oct. 03, 2024 9:08:38 PM

Meta Development is planning a boutique lowrise condominium with 36 units in Miami’s Brickell, once it completes its acquisition of an assemblage for a total of $21 million.  The Miami-based firm, which launched late last year, is under contract to purchase a small apartment building at 1880 Brickell Avenue for $10.7 million, Meta President Andrew […]

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WeWork co-founder launches sales for Miami Worldcenter condo (Photos)

South Florida Business Journal -- Oct. 03, 2024 8:31:34 PM

Now under construction, prices for condo units start at $450,000.
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US Development lands $68M additional construction financing for Pompano Beach condos

The Real Deal Miami -- Oct. 03, 2024 7:30:00 PM

U.S. Development has secured a total of $73.8 million in construction financing for its planned Salato Residences in Pompano Beach. Records show the Philadelphia-based developer secured a $67.8 million loan from Maxim Capital Group last week, in addition to the initial $6 million loan Maxim provided in 2022, bringing the total construction financing to $73.8 […]

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Jason Talbot and Monceau settle lawsuit over workforce housing dev site in Goulds

The Real Deal Miami -- Oct. 03, 2024 6:42:41 PM

Jason Talbot has made peace with Monceau Real Estate after the Miami Beach-based firm’s owners agreed to buy out his minority interest in a Goulds development site. Talbot, principal of Miami-based Workforce Housing Partners, settled his recent lawsuit against Monceau and its principals, siblings Adrian, Julien and Sarah Haccoun, court records show. Last week, Talbot […]

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South Florida is home to the state's most asset-rich country club (Slideshow)

South Florida Business Journal -- Oct. 03, 2024 6:02:09 PM

The country club also ranks No. 2 in the nation after Scottsdale, Arizona's Desert Mountain Club. Here's where other country clubs rank in South Florida.
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Miramar braces for Live Local Act ordinance allowing more private microschools

South Florida Business Journal -- Oct. 03, 2024 5:37:09 PM

Miramar officials moved forward with an ordinance that will allow mixed-use projects in commercial areas and more private schools without conditional use approval.
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Miami-Dade warehouse park sells for $48 million

South Florida Business Journal -- Oct. 03, 2024 5:25:06 PM

The seven-building industrial park has more than 200,345 square feet of space.
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