The rise and fall of Nicholas Schorsch
From the New York February issue: A year ago, Nicholas Schorsch was guiding American Realty Properties — part of a complex empire of publicly traded and private REITs — through a spending spree. The REIT was flying high, snapping up companies and property portfolio…
Moishe Mana adds to Flagler Street assemblage
Israeli investor Moishe Mana picked up another Flagler Street property in downtown Miami, Sterling Equity Commercial announced in a press release. Jersey Art Holdings, linked to Mana, paid $5.1 million for the Thomas Center at…
Zom to begin construction on Pompano Beach apartment complex
Construction of a luxury apartment community in Pompano Beach will begin in March, Orlando-based developer Zom announced Tuesday. The Residences at Palm Aire will have 404 apartments in 19 three-story buildings. Zom, a multifamily developer, is building the project as par…
21st new SoFla condo tower completed this cycle
The 21st new condo tower to be developed in this current South Florida real estate cycle, in the area east of I-95, in the tri-county region of Miami-Dade, Broward and Palm Beach, has been completed. The Related Group’s 1100 Millecento Residences, with 382 units, …
New renderings of Meliá Costa Hollywood Beach condo-hotel in Hollywood
Developers of the Meliá Costa Hollywood Beach Resort in Hollywood have released new renderings of the oceanfront property now under construction. The 304-unit condo-hotel, developed by Liberty Gr…
Chatham Sees Nearly 7% RevPAR Growth in Fourth Quarter
PALM BEACH, FL–Locally-based hotel REIT Chatham Lodging Trust saw its fourth quarter RevPAR increase 6.5% in the fourth quarter….
How Two Factors Are Changing Capital Markets
MIAMI–Hunt’s Marc Suarez tells GlobeSt.com’s Jennifer LeClaire how the uncertainty over the future of the GSEs and the injection of fresh and alternative sources of capital changing the market in part two of this EXCLUSIVE interview….
When the Capital Markets Go Hybrid
MIAMI–Hunt’s Marc Suarez tells GlobeSt.com’s Jennifer LeClaire how equity providers are beginning differentiate themselves in a crowded market….
Levinson’s Jewelers’ Mark Levinson Commits Suicide
Mark Levinson of Fort Lauderdale’s Levinson Jewelers, who allegedly played a supporting role in disbarred attorney Scott Rothstein’s $1.2 billion Ponzi scheme, died of a self-inflicted gunshot wound.
February 2015 Florida Real Estate Case Law Updates (Part 2)
Title to a residence was vested in a husband and wife. By warranty deed they conveyed the property to themselves as tenants in common. On the same day the husband deeded his one-half interest…
Charm, eateries — and location, location, location — lure companies to Coral Gables, the five tallest buildings in Miami are…and more
Charm, eateries — and location, location, location — lure companies to Coral Gables. The five tallest buildings in Miami are… Carlos Rosso talks about Miami, the universe & everything. AutoNation se…
Le Macaron is coming to Cocowalk
Cocowalk is getting a sweet, new addition: Le Macaron, a fast-growing, French pastry franchise will open in the fall, Terranova Corporation said Monday. Le Macaron has signed a five-year lease for 1,027 square feet at the open-air shopping, dining and entertainment cen…
PHOTOS: On the scene at Christie’s Art Wynwood event
Christie’s International Real Estate kicked off its sponsorship of Art Wynwood recently at the art fair’s VIP opening night. Christie’s and EWM hosted a booth at the entrance of Art Wynwood…
Nike to replace Pottery Barn and Williams-Sonoma on Lincoln Road
Nike is reportedly checking off another location with its plans for a high-tech store on Lincoln Road. The sportswear giant will take the place of Pottery Barn and Williams-Sonoma, both set to close on March 22, according to published reports.
How High Can Multifamily Rental Rates Go?: EXCLUSIVE
MIAMI–South Florida multifamily rental rates just keep rising. The question is, how high can they go?
Due Diligence In A Hot Commercial Market
The character of commercial real estate markets all over the US has changed for the better in the past few quarters. Heightened volume means more deals and more competition, which adds up to extra time pressure on buyers. Particularly in the area of due diligence &nda…
Miami Industrial Real Estate Market Report Year End 2014
Florida has a long history of being a great state for real estate. The old time salesmen have a saying: “pay them in sunshine”. In addition to great weather, Miami in particular has the opportunities, the trade routes and the relationships that other markets simply do not. Miami possess…