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Luxury Real Estate Projects Soar in Surfside, with Prices Starting at $1.4 Million
Developers have officially begun selling units for Surf Row Residences, an upcoming high-end residential project in Surfside, just north of Miami Beach. South Florida-based real estate firms LD&D, One Capital, and IGEQ announced on October 31 that sales are underway for the 25-unit development located...
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Miami Voters Greenlight Major Condo Developments on Watson Island, Securing Park and Baywalk Improvements
Miami voters have approved two ballot measures allowing the sale of city-owned land on Watson Island to private developers for new condo projects. In return, these developments promise public benefits, including new park space and a waterfront baywalk. The referendums bypass competitive bidding, granting...
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St. Regis Bal Harbour Condo Association Files Lawsuit Alleging Building Defects and Mismanagement
The condo association at the St. Regis Bal Harbour Residences has filed a lawsuit against the property's owners and managers, citing numerous building defects, health and safety concerns, and alleged financial mismanagement. The lawsuit, filed this week in Miami-Dade Circuit Court, accuses Al Rayyan Tourism...
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Italian Mogul Gianluca Vacchi Joins Developer Michael Stern on $4 Billion South Florida Real Estate Ventures
Italian entrepreneur and social media star Gianluca Vacchi is teaming up with renowned developer Michael Stern to launch an ambitious lineup of luxury real estate projects in South Florida valued at $4 billion. Known for his marketing savvy and wellness expertise, Vacchi is set to...
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Reuben Brothers Acquire Miami’s W South Beach in Major Hospitality Investment
Billionaire brothers Simon and David Reuben have expanded their hospitality footprint to Miami Beach with a significant acquisition: the W South Beach, purchased for over $400 million. According to a press release, the Reubens' investment firm, Reuben Brothers, acquired the luxury hotel at 2201 Collins...
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Neymar Brings a New Wave to Miami: Brazilian Soccer Star Buys Exclusive Waterfront Property
Brazilian soccer sensation Neymar da Silva Santos Júnior, widely known as Neymar, has made a significant investment in South Florida by purchasing a prime residential plot in Miami for $26 million, according to the Wall Street Journal. The Brazilian football star, who plays for Al...
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South Florida's Luxury Home Market Remains a Steady Draw for Wealthy Buyers
In six South Florida markets, excluding mainland Miami, 137 luxury home sales occurred, keeping pace with last year's numbers. However, luxury prices increased by 9.6%, reflecting a broader trend in the region where prices continue to climb despite slowing demand. Luxury is defined as the...
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New Luxury Mansions Set to Rise on Miami’s Exclusive Fisher Island
Miami’s exclusive Fisher Island is slated to welcome six new luxury mansions, with prices reaching as high as $55 million. This comes after French developer Madar Group, led by perfume moguls Jean and Alain Madar, invested over $40 million in land on the island. The...
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Developers Edgardo Defortuna and Shahab Karmely Collaborate on Faena District Along the Miami River
Developers Edgardo Defortuna and Shahab Karmely are teaming up with Alan Faena to create a new Faena District along the Miami River, The Real Deal has learned. Defortuna's Fortune International Group and Karmely's KAR Properties are co-developing the Faena Residences, a luxury condo project featuring...
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MG Developer and Prosper Group Acquire $30.9M Waterfront Site for Mixed-Use Development in North Bay Village
MG Developer, led by CEO Alirio Torrealba, has partnered with Prosper Group, headed by CEO Jay Roberts, to acquire a prime development site in North Bay Village for $30.9 million. The acquisition consists of two 1681 & 1725 Kennedy Causeway waterfront parcels covering 42,750 square...
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Miami Emerges as a Top Buyer’s Market According to Zillow's Latest Data
According to Zillow's latest housing market heat index, Miami is now one of the U.S.'s most substantial buyer's markets. The index evaluates the housing market's temperature based on engagement with active listings, the percentage of homes with price reductions, and how quickly homes go under...
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40 South Florida Billionaires Secure Spots on Forbes 400 List of America's Wealthiest
South Florida's 2024 Forbes 400 list includes a mix of familiar faces and several new names, like the founder of OnlyFans and a famous sandwich chain owner. These billionaires hail from various industries, including investments, tech, and even comic books. Palm Beach County led the...