RSS RSS “The Real Deal”

  • Hawkins Way Capital sells Clifton Hotel in South Beach December 2, 2022
    Real estate investment firm Hawkins Way Capital sold the Clifton Hotel in South Beach, adding to a slew of recent hospitality sales. Records show the Los Angeles-based company sold the 35-key, 10,400-square-foot hotel at 1343 Collins Avenue in Miami Beach. The buyer is Jerusalem Group LLC, a Florida entity managed by Omar Limon. Limon is […]
    By Kate Hinsche
  • Chetrit nabs $83M construction loan for Collins Park project December 2, 2022
    Chetrit Group got a financial boost for its Collins Park Hotel project, nabbing a $82.5 million construction loan. Kawa, a Hallandale Beach-based international asset manager, provided the financing, according to a spokesperson for Henry Bodek of New York-based Galaxy Capital, which brokered the loan. The new mortgage replaces a $62.5 million construction loan provided by […]
    By Francisco Alvarado
  • Retail investors pay $57M for Doral shopping center December 2, 2022
    Miami-based retail investors Domenico Albano and Americo D’Agostini paid $57 million for Doral shopping center anchored by a Navarro Discount Pharmacy store. Sofi Retails, a real estate investment firm managed by Albano and D’Agostini, acquired Doral Shops, a two-story retail plaza at 11402 Northwest 41st Street, according to a press release. Albano and D’Agostini, who […]
    By Francisco Alvarado
  • UDB battle not over: Megaproject opponents take fight to state December 2, 2022
    A controversial megaproject planned outside Miami-Dade County’s Urban Development Boundary faces new opposition. In the latest move, a resident is asking the state to review commissioners’ recent approval of the UDB expansion. The vote allows for the 5.9 million-square-foot South Dade Logistics and Technology District industrial complex to be constructed in southeast Miami-Dade. Nita Lewis, […]
    By Lidia Dinkova
  • Editor’s note: Lessons from a crypto meltdown December 2, 2022
    It feels like a Madoff-meets-millennial moment.  The crypto party has come crashing down with the spectacular collapse of Sam Bankman-Fried’s FTX, the world’s second-largest cryptocurrency exchange. The fallout will be huge, with the company owing customers more than $8 billion.  How exposed will real estate be? Not very, it seems — even condo developers touting […]
    By Stuart Elliott

RSS RSS “Florida Realtors”

  • More Sellers Decide to Delist Their Homes December 2, 2022
    One agent’s take: “Some sellers are having a hard time grasping that we’re not in a housing-market frenzy anymore … that they missed the boat on getting a high price.”
  • Fla. Developers Hold Off as Insurance Costs Grow December 2, 2022
    Risk insurance that covers construction damages is up 30%, and the rising cost of all types of needed insurance is causing some builders to reconsider new projects.
  • FHA Announces 2023 Loan Floors and Ceilings December 2, 2022
    Loans for single units range from $472,030, the floor, to $1,089,300, the ceiling. For four units, it’s $907,000 to over $2M – and in some non-Fla. areas, over $3M.
  • Forego Insurance? Owners with Loans Can’t Opt Out December 2, 2022
    “It’s too expensive,” isn’t a good excuse. Lenders can “force-place” insurance that owners must pay – and that coverage protects the lender more than the owner.
  • HUD Rental Survey Finds Tons of Small Investors December 2, 2022
    The U.S. has 49.5M rental units, and 46% are in buildings with four units or less. Of those, mom-and-pop investors own 70% – 1 out of 3 units nationwide.