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Parkway and the Related Group want 2015 property tax assessments canceled and redone

Left, Courvoisier Centre and a rendering of Auberge Residences & Spa Miami (Inset, from left, James Heistand and Jorge Perez) UPDATED July 19, 1:25 p.m.: Parkway Properties and the Related Group want Miami-Dade property tax appraiser Pedro Garcia to redo their… Continue Reading →

Preconstruction condo sales stagnant from Q4: report

A VisualHouse rendering of the downtown Miami skyline in 2030 (Aerial photography credit: SkyPan International) Preconstruction condo sales in Miami, the Beaches and Fort Lauderdale have held steady since last year – at 76 percent – according to a new ISG… Continue Reading →

Venezuelan oil magnate behind Boulevard 57 condo project

A rendering of Boulevard 57 A Venezuelan oil magnate is the true developer behind Boulevard 57, a $100 million condo tower planned for the MiMo neighborhood of Miami, according to a lawsuit filed in Miami-Dade County.  Since the 1980s, Gerardo Pantin… Continue Reading →

Miami Beach looks to North Beach as its next development frontier

North Beach (Photography by Marc Averette) From the April issue: It’s record-setting time on Miami Beach. Hedge fund honchos and Russian billionaires are paying an average of $3,130 per square foot for new condominiums at the Faena House on Collins Avenue… Continue Reading →

Miami hotel industry “under attack” by Airbnb: panel

An aerial view of Miami Beach Miami’s hotel industry, vital to the region’s tourism economy, is under attack from Airbnb, and hotel owners need to band together to lobby against short-term rentals, developer Russell Galbut and other business leaders said during a… Continue Reading →

Asian real estate group to hold luxury summit in Miami

A 2011 photo of downtown Miami’s skyline (Credit: Lonny Paul) and the Chinese flag (Credit: Daderot) In another sign of South Florida’s strengthening ties to China, the Asian Real Estate Association of America has selected Miami as the host city… Continue Reading →

Clarion pays $109M for commercial building lease off Lincoln Road

The Lincoln at 1691 Michigan Avenue (Credit: Dan Forer via Arquitectonica) Updated, April 18, 1:30 p.m.: Clarion Partners paid $109.25 million in cash for the ground lease of the Lincoln, a mixed-use office and retail building off of Lincoln Road… Continue Reading →

Miami’s housing market hits the brakes: Elliman reports

Downtown Miami’s skyline taken from the Rickenbacker Causeway (Credit: Wyn Van Devanter) It’s a hard pill to swallow for many in Miami’s real estate community. The city is experiencing a significant slowdown in sales volume, according to the newly released… Continue Reading →

English billionaire sells La Gorce estate for $45M

Mike Ashley and 42 La Gorce Circle English billionaire Mike Ashley has sold his waterfront Miami Beach estate — formerly owned by convicted banker David Paul — for $45 million. Interior of Castello del Sole Records show Mash Miami bought the… Continue Reading →

Chinese developer gets approval for 18-story condo in Miami Beach

Rendering of China City Construction’s project at 6747-6757 Collins Avenue (in center) The first major project by a Chinese developer on Miami Beach got a vote of approval on Tuesday from the Miami Beach Historic Preservation Board, which unanimously approved… Continue Reading →

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