The transaction involves three medical centers that the buyer will lease back to ChenMed

Morgan Group and Carlyle Group are moving ahead with plans for a new garden-style apartment complex in Pompano Beach after paying $18.8 million for a redevelopment site that includes a shuttered Macy’s store. The New York-based department store chain sold a 150,353-square-foot retail building at 1200 Northeast 12th Street within the Pompano Beach Citi Centre […]

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Ahead of South Florida real estate’s busy season, a former TV advertising boss sold a $16.3 million Jupiter waterfront spec mansion in an off-market deal. Records show Lox River Road LLC, a Florida entity managed by Timothy Connors Jr., sold the house at 18826 Loxahatchee River Road to Veffy LLC, a Florida entity managed by […]

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Northwood Investors is wading into South Florida’s booming industrial market after paying $46.5 million for a Doral warehouse.  An affiliate of Northwood, a Denver-based real estate investment firm, purchased a 201,827-square-foot facility at 10000 Northwest 15th Terrace, records and real estate database Vizzda show. The deal breaks down to $230 a square foot.  A JLL […]

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In the latest roundup of South Florida luxury residential deals, moguls from a range of industries bought properties in the region. The CEO of one of the nation’s largest homebuilders, a recruiting software boss and a mini golf mogul purchased homes from Miami Beach to Jupiter Inlet Colony, priced from $7.8 million to $11 million. […]

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Miami-Dade County’s condo sales and dollar volume continued to decline last month. September condo sales totaled $438 million, falling from $470 million in August. Brokers closed 626 sales last month, down from 712 sales in August and 810 in July, Multiple Listing Service data from Redfin show. September sale prices ranged from $86,000 to $8.4 […]

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Despite the Fed’s decision to reduce its benchmark interest rates, commercial investors may find that it’s too little, too late for their highly indebted properties.

As the scope of the loss of life, infrastructure and property damages becomes clearer, estimated U.S. damage, economic loss rises to between $225B - $250B.

Home sellers who don’t use an agent are twice as likely as agent-assisted sellers to be unhappy with the results of their sale, says a study from Clever Real Estate.

The national unemployment rate dropped for the second month in a row, dipping to 4.1% in September. In addition, more jobs were added than economists expected.