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Voters will decide whether the city can sell land on Miami’s Watson Island to two development groups in separate deals geared at developing more condos.  Ecoresiliency Miami, a joint venture between ESJ Capital Partners and David Martin’s Terra, would tentatively pay $135 million for 5.4 acres that are currently part of the 13.3-acre Jungle Island […] The post Watson Island condo revamp? Developers’ $160M+ purchases of city-owned sites head to Miami voters appeared first...

A $22.4 million loan on the Fort Lauderdale Marriott North entered special servicing, according to data from Morningstar Credit, further evidence of South Florida commercial property distress.  The loan on the 315-key hotel at 6650 North Andrews Avenue was put into special servicing late last month due to a Dec. 1 maturity that looms, as […] The post L+R Hotels’ $22M loan on Fort Lauderdale Marriott enters special servicing  appeared first on The Real Deal.

Tech CEO Jody Glidden, the boyfriend of Lisa Hochstein of “The Real Housewives of Miami” fame, sold his waterfront Miami Beach home to his next-door neighbor.  Glidden sold the 3,629-square-foot, four-bedroom, four-bathroom home at 240 South Hibiscus Drive for $11.9 million to the recent owner of the waterfront house next door at 250 South Hibiscus […] The post Lisa Hochstein’s boyfriend sells waterfront Miami Beach home appeared first on The Real Deal.

Michael Stern’s JDS Development Group replaced Official, the brokerage co-founded by Tal and Oren Alexander brothers, as the sales and marketing firm for 888 Brickell, the Dolce & Gabbana-branded condo project in Miami.  One Sotheby’s International Realty is taking over sales of the planned condo-hotel tower at 888 Brickell Avenue, sources said. The Real Deal […] The post One Sotheby’s taking over sales of Michael Stern’s Dolce & Gabbana condo tower ap...

Financier Bippy Siegal and his wife sold their condo at the oceanfront Four Seasons Residences at the Surf Club in Surfside for $18.5 million, months after a penthouse sold for a record $44 million. Records show Bippy and Jaqueline Siegal sold unit N-321 at 9111 Collins Avenue to Bayit Ne’Eman B’Yam LLC, a Florida entity […] The post New York financier sells Surf Club Four Seasons condo for $19M, more than doubling price in five years appeared first on The Real Deal.

Kolter Group scooped up an asphalt paving business’s headquarters in Delray Beach for $21.9 million as a potential development site.  Delray Beach-based Kolter bought the 12.3-acre site at 2101 South Congress Avenue from George T. Elmore, trustee of the George T. Elmore Trust, according to records and real estate database Vizzda. The buyer took out […] The post Kolter drops $22M for Delray Beach dev site, amid its South Florida resi construction spree appeared first on The R...

Lobbyist Manuel Prieguez relaunched his legal offensive against former Miami commissioner Alex Diaz de la Portilla, filing an amended lawsuit over an alleged shakedown involving a city marina contract. Last month, Miami-Dade Circuit Court Judge Mavel Ruiz tossed Prieguez’s previous lawsuit, filed last year, ruling that Diaz de la Portilla had legislative immunity for votes […] The post Ex-Miami commissioner Alex Diaz de la Portilla faces new lawsuit alleging marina shakedown appeared...

Lennar and BH Group dropped $17.5 million on a shuttered 104.3-acre golf course near Aventura, to redevelop with single-family homes. The partnership plans to tear up the fairways and build a community with 103 homes on the site at 19650 Presidential Way, BH’s website shows. The redevelopment of the golf course, known as Presidential Estates, […] The post Lennar, BH drop $18M on shuttered Aventura area golf course to develop homes appeared first on The Real Deal.

Habitat Group is partnering with a Central Asian firm entering the U.S. market to build a condo-hotel on a Brickell development site acquired for $14.8 million.  An affiliate of Miami-based Habitat, led by CEO Santiago Vanegas, and Kazakhstan-based BI Group bought an 0.6-acre assemblage at 1750 Southwest First Avenue previously slated for a Marriott-branded hotel, […] The post Habitat, partner plan condo-hotel project in Brickell after paying $15M for dev site appeared first o...

The Galbut family completed Gale Miami Hotel & Residences, a short-term rental condominium and hotel tower in downtown Miami.  An affiliate of GFO Investments, led by cousins Keith Menin and Marisa Galbut, secured a temporary certificate of occupancy for the 51-story building at 601 Northeast First Avenue, developer Russell Galbut said. The company, Sixth Street […] The post Galbut family completes short-term rental-friendly Gale tower in Miami, closings underway appe...