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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 →

Inside Brickell City Centre’s Italian food hall, Estates at Acqualina & more

The developers of Brickell City Centre, the Estates at Acqualina, Akoya Boca West and others just released a slew of new renderings. La Centrale Brickell City Centre revealed what’s planned for the three-story Italian

Miami Beach residents push back against plans to raise streets to combat sea-level rise

Crews installing pumps in Miami Beach (Credit: Getty Images) Flooding on North Bay Road in July After a recent bout of heavy rains, some Mid-Miami Beach homeowners say city sea-level mitigation plans could make things worse. Two weeks ago, developer… Continue Reading →

Family of UK billionaire Mike Ashley buys Miami Beach home for $5.1M

6655 Brevity Lane and Mike Ashley A company tied to the family of U.K. billionaire Mike Ashley paid $5.1 million for a non-waterfront home on Miami Beach’s La Gorce Island, property records show. Former sports gambling CEO Steven Budin and… Continue Reading →

Aging Miami Beach rentals command $240,000 per unit

2150 Park Avenue in Miami Beach (Source: Google) A 20-unit apartment building in Miami Beach sold for $4.8 million, or $240,000 per apartment, despite the building’s limited cash flow and substantial maintenance needs. The 60-year-old rental property at 2150 Park… Continue Reading →

Miami Beach philanthropists buy next door neighbor’s North Bay Road waterfront home for $11.3M

4350 and 4358 North Bay Road Inset: Stephen and Petra Levin (Credit: University of Pennsylvania) A Miami Beach couple just dropped $11.34 million for their second waterfront home on North Bay Road, property records show. Stephen and Petra Levin scooped… Continue Reading →

Hotel industry vs Airbnb heats up as FIU pulls out of research project

FIU Inset: Airbnb founders Joe Gebbia, Nathan Blecharczyk and Brian Chesky The hotel industry’s campaign against Airbnb and other online short-term rentals has taken a new turn. Florida International University, a state university that gets some of its funding from… Continue Reading →

Former F1 driver Enrique Bernoldi sells Continuum South Beach condo for $6M

Enrique Bernoldi and his former Continuum unit Eddy Martinez and Roland Ortiz Former Formula 1 driver Enrique Bernoldi just sold his Miami Beach condo for $6 million, a 24 percent discount off the original asking price. The Brazilian professional race… Continue Reading →

Harry’s Pizzeria inks lease in Miami Beach, just off Lincoln Road

1680 Meridian Avenue and Michael Schwartz Michael Schwartz is grabbing a slice of Meridian Center. The chef’s popular Harry’s Pizzeria just signed a lease to open a new eatery at the building, just off Lincoln Road in Miami Beach, The… Continue Reading →

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