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More high-rise roofs emerge as places to recreate and relax

Rendering of observatory at Paramount Miami Worldcenter The rooftops of high-rise buildings in South Florida are increasingly popular spots to put swimming pools, gyms and other facilities for recreation and relaxation. For example, 1 Hotel & Homes in Miami Beach… Continue Reading →

Harvey Hernandez sells his Brickell penthouse for $5.3M

Harvey Hernandez and his Jade Brickell penthouse Developer Harvey Hernandez sold his Jade Brickell penthouse for $5.3 million. Hernandez, president and CEO of Newgard Development Group, sold the two-story, 6,000-square-foot unit at 1331 Brickell Bay Drive, according to the agents… Continue Reading →

Food manufacturing CEO sells Continuum South Beach condo for $6.3M

Food and beverage titan Giovanni “John” LiDestri just sold his Continuum South Beach unit for $6.3 million, property records show. A trust managed by U.S. Bank bought the three-bedroom, 2,900-square-foot condo. Townhouse 4 sold for about $2,172 per square foot. LiDestri… Continue Reading →

Yacht Club at Portofino sues to evict city of Miami Beach over nonpayment for repairs

Yacht Club at Portofino A dispute over nearly $900,000 in building repairs, between the condominium association for the Yacht Club at Portofino and the city of Miami Beach, could prevent city residents and visitors from parking cars and using public… Continue Reading →

California firm pays $5.6M for building in Miami Beach, plans co-working space

820 Arthur Godfrey Road and Michael Simkins A Hollywood, California real estate firm just paid $5.6 million for an office building on 41st Street in Miami Beach where it plans to launch a co-working space. Property records show 820 AGR… Continue Reading →

Movers & Shakers: Longtime Coldwell Banker team joins EWM, CushWake expands multifamily team & more

Laura Mullaney and Jane Gomez-Mena A longtime Coral Gables agent and top producer at Coldwell Banker left to join EWM Realty International. Mother-daughter duo Laura Mullaney and Jane Gomez-Mena will be based out of EWM’s Coral Gables/South Miami office. Mullaney has… Continue Reading →

Ronny Finvarb pays $19M for Citibank building in South Beach, plans hotel

1685 Washington Avenue and Ronny Finvarb Developer Ronny Finvarb paid $19.2 million for a Citibank branch building in South Beach where he plans to build a 150-room hotel, sources told The Real Deal. The Finvarb Group bought the property at 1685… Continue Reading →

Condo associations for two Collins Avenue towers sue to overturn 2016 property assessments

St. Regis Bal Harbour and The Carillon Miami Beach Inset: Pedro Garcia The assessment war between Miami-Dade Property Appraiser Pedro Garcia and the owners of prominent properties across the county rages on. In the latest skirmish, the condominium associations for… Continue Reading →

Thomas Kramer’s Star Island mansions head to court-ordered auction

5 Star Island and Thomas Kramer German developer Thomas Kramer’s two Star Island mansions are heading to the auction block next week over a $192.4 million judgment. The late Siegfried Otto, whose stepdaughter married Kramer, reportedly financed the purchases of… Continue Reading →

Mansion nightclub’s former space on Washington Avenue for lease at $70k/month

Mansion nightclub and John Brandt Mansion nightclub’s former space on Washington Avenue in South Beach is on the market for lease at $70,000 a month or $840,000 a year, The Real Deal has learned. John Brandt’s family has owned the… Continue Reading →

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