Amancio Ortega is on a mission to own the world’s priciest addresses
What do you buy for the man who has everything? For Amancio Ortega, the world’s second-richest person by a long shot, the question is instead “How do I hold onto what I already have?” The news leaked late Friday…
Video: A Sit Down with Miami Beach Based Hotel Developer Diego Lowenstein
In this videe, Diego Lowenstein is interviewed by Miami Today reporter Susan Danseyar. Mr. Lowenstein heads a third-generation family business, started by his grandfather, as the CEO of Miami Beach based Lionstone Development. Lionstone is primarily involved in hotels including…
Preservationists Call B.S. on County Plan to Restore Coconut Grove Playhouse
The Coconut Grove Playhouse was once among the nation’s leading theaters, premiering new works by Tennessee Williams and Samuel Becket and hosting acclaimed actors such as Carol Channing, Liza Minnelli, Bea Arthur, and George C. Scott. In its heyday, Miami’s first live theater debuted Urban Cowboy and Fame: The Musical and was the setting for David Letterman’s last remote broadcast. More than a decade after the historically designated theater closed its doors because of mounting…
South-of-Fifth revamped apartment building lists for $22M
A 27-unit apartment building in Miami Beach’s South-of-Fifth neighborhood that can be used as short-term rentals — or converted to condos — just hit the market for $22 million. The mid-century modern, three-story building at 250 Collins Avenue was built in 1959 and was recently fully renovated, Gary Hennes, broker at Gary Hennes Realtors, told The Real Deal. Hennes is listing the building with agent Matthew Scroggins. The three-story building, designed by architect Gene Baylis…
Rendering revealed: Karl Lagerfeld-designed lobby at Estates at Acqualina
Aiming to fashion a lobby into haute couture, Karl Lagerfeld’s design for Estates at Acqualina melds a silver floor, cerelean blue mosaic rugs and a fountain created to look like a wedding cake. The Trump Group…
5 Things to Include in a Good CRE Lease
What to look out for as you negotiate a commercial real estate lease. The process of negotiating a commercial lease can be extensive and exhausting, with several hazards to avoid. But a prospective tenant who has a basic understanding of the agreement and what they want in their lease has a great…
Congress To Vote On Extending The EB-5 Program
Congress is to vote Friday on extending the EB-5 Program, which grants foreign investors permanent residence for the right price. In the minds of local experts and developers who rely on it, an extension is all but guaranteed – securing the continued development in industries from…
Florida Partition Law (December 2016 Update)
Within the State of Florida especially, it is common to encounter real properties encumbered to more than one party– be it by inheritance, speculative investment, marriage, or some other such instance of shared ownership or tenancy in real estate. When these…
Blackstone sells Pier 66 hotel, marina and land in Fort Lauderdale for $163M
The Blackstone Group has sold the Hyatt Regency Pier 66 hotel and marina to Tavistock Development Company for $163.27 million, in one of the biggest commercial deals in Broward County this year. Records show 2301 SE 17TH St LLC sold the 22.7-acre property 2300…
Autozone Does $3 Million Lease Deal
Negotiated by the NAI Miami team of Joseph Gallaher and Jeremy Larkin, the AutoZone Mega Hub store will not only serve as a retail superstore but also a distribution center for the South Florida market.