• Premiere Caribbean Listings

click to enable zoom
Loading Maps logo

News

Dropping soon: The Real Deal’s Los Angeles fall issue!

The Real Deal Los Angeles‘ fall magazine is set to hit newsstands this October! The upcoming issue is packed with the most important industry news and insider information, including a look inside the world of residential broker coaching and foreign investment in L.A. real estate. The October magazine will also look at the top commercial brokerages doing business in the San Fernando Valley, as well the city’s industrial boom — currently the most in-demand sector … [more]

+ read more

Sofia Vergara sells Miami Beach condo

Sofia Vergara is saying goodbye to her Miami Beach condo. The “Modern Family” actress sold her 468-square-foot unit at 300 74th Street, according to Gossip Extra. The sale has not yet been recorded online. Unit 15, in a boutique condo building in North Beach, hit the market in March for $150,000. Records show Vergara paid $165,000 for the condo in 2007, although she lived in it in the mid-1990s, Gossip Extra reported. She moved into the … [more]

+ read more

South Florida lease roundup: Baptist to open at Downtown Doral & more

Baptist Health South Florida signs 4,169-square-foot lease with Downtown Doral Baptist Health South Florida just signed a 15-year lease at Codina Partners’ Downtown Doral project. The new 4,169-square-foot lease will be a Baptist Health South Florida Express Care location. It will sit on the northeast corner of Northwest 53rd Street and Northwest 84th Avenue, directly across from Downtown Doral Charter Elementary School, according to a release. Baptist Health Express Care is an appointment-free healthcare center … [more]

+ read more

Fashion mogul sells Grove home for non-waterfront record

A fashion mogul just sold his home in Coconut Grove for a non-waterfront record of $7.5 million. A Brazilian family from Key Biscayne purchased the mansion at 4020 Kiaora Street in Miami, a Compass spokesperson told The Real Deal. Property records show the seller is Marco Frachesen, a former head of Fendi and owner of luxury retailer Merak. The sale beats the previous record that was set in May, when the son of former Mexican … [more]

+ read more

FPL spent $3B in preparation for Irma but millions of customers still lost power

Over the past decade, Florida Power & Light spent about $3 billion on projects to strengthen the electrical grid in preparation for storms like Hurricane Irma. Despite preparations, homes across Miami-Dade and Broward counties dealt with mass power outages for more than a week after the storm. “There is no such thing as a hurricane-proof system,” FPL spokesperson Peter Robbins told the Miami Herald. “The system has performed very well.” Part of FPL’s efforts to … [more]

+ read more

Colombia searched for Miami homes more than any other country in June: report

Colombians were crazy for Miami real estate in June, racking up the most web searches for homes of any other country. Colombia, Brazil and Canada have been competing for the top three spots in recent months, according to the Miami Association of Realtors. Last year, Colombian and Brazilian homebuyers made the third-most international purchases in South Florida with a 10 percent share, according to the report. International buyers looked to Los Angeles more than any other … [more]

+ read more

Self-storage project near Coral Gables scores construction loan

An entity of the self-storage builder Express Building Systems just scored a $14.66 million construction loan for its planned storage facility near North Gables, property records show. The lender was Jernigan Capital. The company provides debt and equity capital to private developers and operators of self-storage facilities, according to its website. Express Building Systems bought the 2.3-acre lot at 4250 Southwest 8 Street in March for $4.9 million, records show. The entity, led by Richard … [more]

+ read more

Movers & Shakers: Fortune hires former Elliman sales director & more

Fortune International Group hired a former sales director of 1 Hotel & Homes South Beach, Carolina Rainer. Rainer joined Douglas Elliman about a year and a half ago and closed about $50 million in sales last year, focusing on the 1 Hotel & Homes’ penthouse collection. At Fortune, she’ll handle sales for a project that has not been announced. Rainer decline to name the development. Rainer has previously worked for ISG and owned her own real … [more]

+ read more

Here’s why homes in disaster-prone areas tend to be more valuable

From TRD New York: Hurricane Irma hit some of the most valuable real estate in the U.S., and that’s hardly a coincidence. Home values in areas prone to natural disasters have been rising far more quickly than in the rest of the country, according to a new study by Attom Data Solutions. The company matched areas with government data on storms, floods, earthquakes and wildfires and found that those with a very high risk of … [more]

+ read more

Major renovations proposed for Flamingo South Beach

The Miami Beach Design Board Review will meet in October to discuss proposed renovations to the North and Central towers of Flamingo South Beach. The North tower renovations will include scaling back the number of units from 614 to 446 to make residences even larger, according to The Next Miami. Colorado-based Apartment Investment and Management Co. plans to add an open public plaza and update exteriors and landscaping at the 1500 Bay Road complex. Stantec … [more]

+ read more