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Walter Defortuna, brother of Miami developer and broker Edgardo Defortuna, is proposing a 1,010-foot tall mixed-use tower in Brickell. The plan is the latest in a growing rush of supertall projects in Miami.  The 81-story building would consist of 560 residences, 84 hotel keys and a 1,200-space parking podium on the 1.2-acre site at 1414 […] The post Race to the top: Developer proposes 1,000-foot-plus mixed-use Brickell supertall appeared first on The Real Deal.

BH Group and Related Group snatched up another development site, paying $34 million for a waterfront lot in West Palm Beach nearby another project the duo are working on. The frequent partners acquired a 0.8-acre property at 2001 North Flagler Drive, which is less than half-a-mile from where Aventura-based BH and Coconut Grove-based Related are […] The post BH, Related add West Palm Beach dev site to growing portfolio Tristan Simon appeared first on The Real Deal.

Waste management boss Brendan Pantano bought a $19.8 million non-waterfront spec mansion in Boca Raton’s priciest neighborhood, Royal Palm Yacht & Country Club. Records show Pantano’s trust bought the house at 1654 Sabal Palm Drive from Steve and Scott Dingle’s Boca Raton-based SRD Building, the most prolific spec developers in the gated community. David Roberts […] The post Waste management boss buys $20M spec mansion in Boca Raton’s priciest neighborhood appeared fir...

Residential pricing and inventory rose across much of South Florida in the third quarter, according to the latest Douglas Elliman reports.  Single-family home sales were stronger than condo sales, according to the reports, which are authored by Jonathan Miller of Miller Samuel. They are only based on sales recorded in the Multiple Listing Service for […] The post Condo sales tumble across South Florida in the third quarter appeared first on The Real Deal.

Palm Beach County condo sales and dollar volume plummeted last week. Brokers closed 57 condo sales totaling $22.1 million from Oct. 8th to Oct. 15th. The previous week, brokers closed 123 condo sales totaling $45.9 million. Last week’s units sold for an average of $387,771, lower than the $444,746 average price from the previous week. […] The post Azure closing tops Palm Beach County weekly condo sales  appeared first on The Real Deal.

Richard Saghian, the billionaire founder and CEO of Fashion Nova, paid $30 million for a waterfront spec home and non-waterfront house in Miami Beach, The Real Deal has learned.  Ami Shashoua, a fintech executive and spec home developer, sold the waterfront house at 5718 North Bay Road and the non-waterfront home across the street at […] The post Fashion Nova founder buys waterfront Miami Beach spec home and non-waterfront house for $30M appeared first on The Real Deal.

Terra and Turnberry are getting a $75 million taxpayer infusion for the joint venture’s convention center hotel project in Miami Beach. Despite securing more than $500 million in private financing for the Grand Hyatt-branded development at the intersection of 17th Street and Convention Center Drive, Terra and Turnberry need to plug a funding gap in […] The post Terra, Turnberry score $75M grant for Miami Beach Convention Center hotel project appeared first on The Real Deal.

Developer Ricardo Dunin and Peruvian firm Edifica propose a 43-story hotel in Brickell, marking the companies’ continued investment in Miami’s financial district.  North Development, a joint venture between Dunin’s Miami-based Oak Capital and Edifica, are under contract for an undisclosed price for the 0.6-acre development site at 132, 142 and 152 Southwest Ninth Street, according […] The post Ricardo Dunin’s Oak Capital, Edifica propose 832-key Brickell hotel, boostin...

Wheelock Street Capital is accepting bids for a 208-key hotel along West Palm Beach’s waterfront, starting at $1 million per room. Greenwich, Connecticut-based Wheelock recently put The Ben West Palm Beach at 251 North Narcissus Avenue on the market with an asking price of $208 million, according to an online listing. CBRE is marketing the […] The post Wheelock lists The Ben West Palm Beach for $208M appeared first on The Real Deal.

The latest roundup of South Florida residential deals included a former All Star point guard and a music producer buying and selling homes across the tri-county region. Deals spanned Southwest Ranches to Juno Beach and ranged in price from $7.8 million to $10 million. Southwest Ranches In Southwest Ranches, former basketball star John Wall bought […] The post Resi roundup: NBA All Star, music producer buy, sell South Florida homes appeared first on The Real Deal.