South Florida - The Real Deal

Buyer of Wynwood office building alleges “dangerous conditions” and “Band-Aid” repairs in suit against East End

Lidia Dinkova — Mon, 24 Aug 2026 22:00:00 +0000

The buyer of the Wynwood Annex in Wynwood alleges the developer’s “Band-Aid” repairs of the property created “dangerous conditions,” according to a new lawsuit filed against East End Capital. An affiliate of Brick & Timber Collective sued East End affiliates EE 215 NW 24 Owner and W25 Owner, alleging failure to fix an expansion joint, despite committing to do the repairs to the Wynwood Annex, according to the complaint. The suit, filed in Miami-Dade Circuit Court on Friday, brings claims for breach of contract against EE 215 and negligence against W25. “The water intrusion is inconveniencing tenants who must duck […]

This article originally appeared on The Real Deal. Click here to read the full story.

Golden Beach spec home asking $80M tops signed contracts in Miami-Dade

Grace McClung — Mon, 24 Aug 2026 20:08:13 +0000

A new mansion in Golden Beach that’s asking $79.5 million topped signed contract activity in Miami-Dade County’s luxury market last week. Buyers signed 22 contracts between Aug. 17 and Aug. 23, according to the weekly report by Douglas Elliman’s Eklund-Gomes team. The report tracks all listings in Miami-Dade asking $4 million and above. The contracts had a total asking dollar volume of $249.4 million, nearly three times the volume compared to the same period last year. The properties that went under contract last week spent an average of 145 days on the market. The previous week’s report recorded 14 contracts […]

This article originally appeared on The Real Deal. Click here to read the full story.

BH, Lennar tap Elliman to sell single-family homes on former golf course west of Aventura

Grace McClung — Mon, 24 Aug 2026 18:15:25 +0000

BH Group and Lennar hired Douglas Elliman to lead sales of Greenview at Presidential, a luxury single-family home community west of Aventura. The 103-unit gated development, planned for 104 acres at 19200 Northeast 14th Court in Miami, near I-95, is being built in phases. Phase one, with more than 30 homes, is complete, said BH Group CEO Isaac Toledano. Construction on the 30-home second phase, which includes amenities, is underway and expected to be completed by January. BH and Lennar are investing $200 million into the project, Toledano said. It will be completed by the end of 2027. The two […]

This article originally appeared on The Real Deal. Click here to read the full story.

Oceanfront mansion lists for $195M in potential Palm Beach record

Alissa Gary — Mon, 24 Aug 2026 16:41:48 +0000

A waterfront mansion in Palm Beach is in the running for a potential record after listing for $195 million. The nearly 20,000-square-foot home at 1616 South Ocean Boulevard sits on nearly two acres of land with waterfront access to both the intracoastal and the Atlantic. It was rebuilt from scratch in 2023 and now features seven bedrooms, 12 bathrooms and a powder room. Christian Angle and his Palm Beach-based Christian Angle Real Estate have the listing, where the asking price pencils out to $9,790 per square foot. The property last sold for $22.4 million in 2018 to a land trust […]

This article originally appeared on The Real Deal. Click here to read the full story.

Resi roundup: Architect’s landmark Palm Beach home sells for $28M, waterfront mansion goes for $27M

Alissa Gary — Mon, 24 Aug 2026 14:00:00 +0000

A Palm Beach mansion once belonging to late architect John Volk changed hands this week for $27.5 million following a four-year renovation on the century-old home. That’s one of the major residential deals in Palm Beach County recorded recently. A mansion just south of that house sold for $26.5 million, while two homes in North Palm Beach and Jupiter went for $13 million each. The architect’s former home, built in the 1920s, was sold by an entity representing Thomas Morrison and his father, Carlos Morrison, of Lake Worth-based Sympatico Real Estate, public records show. They bought the home for $4.2 […]

This article originally appeared on The Real Deal. Click here to read the full story.

Marina showdown: Inside the proposed $80M redevelopment of Rickenbacker Marina, Marine Stadium Marina

Eman Elshahawy — Mon, 24 Aug 2026 13:00:00 +0000

The redevelopment fate of two Virginia Key marinas will appear on the Nov. 3 ballot in Miami, putting into the hands of voters an $80 million overhaul and a private-operator lease that could last up to 75 years. The proposed lease with Virginia Key LLC, a joint venture between Miami Beach-based RCI Marine Group and Dallas-based Suntex Marinas, would give the joint venture control of 27.6 acres encompassing the Rickenbacker Marina and Marine Stadium Marina properties, with a 45-year initial term and two 15-year renewal options. The redevelopment proposal would expand and modernize the marinas with dry and wet boat […]

This article originally appeared on The Real Deal. Click here to read the full story.

South Florida’s top deals: Former Pfizer exec sells Palm Beach home for $27M

Mary Diduch — Mon, 24 Aug 2026 12:00:00 +0000

🏆 Residential: The most expensive home sale to come online was in Palm Beach. John Niblack, retired president of Pfizer Global Research and Development, and his wife, Heidi Niblack, parted with the waterfront property at 127 Oceanview Road for $26.5 million. The buyer was a company managed by New York developer Isaac Ashkenazy. The Niblacks bought the 5,200-square-foot home, which was built in 1999, for $1.7 million in 2005. The latest sale works out to $5,100 per square foot. The home went on the market in January for $37 million. Lynn Warren with Sotheby’s International Realty had the listing, and […]

This article originally appeared on The Real Deal. Click here to read the full story.

South Florida Dirt: Mandarin Oriental Boca Raton developer fires back

Katherine Kallergis — Sun, 23 Aug 2026 05:00:00 +0000

The developer of the stalled Mandarin Oriental Boca Raton condo project was able to score one win, albeit small. Affiliates of Penn-Florida Companies sued their lender, entities tied to New York-based Madison Realty Capital, over the pending foreclosure of the luxury development, which has been tied up in lawsuits and delays for years. Earlier this summer, affiliates of Madison sued to foreclose on the site, and a UCC auction was scheduled for last week. Penn-Florida’s attorneys persuaded a New York judge to halt the sale. A new hearing was set for Oct. 1, buying the developer a little time. The […]

This article originally appeared on The Real Deal. Click here to read the full story.

NRI scores $177M refi for Thesis Miami mixed-use project in Coral Gables

Eman Elshahawy — Fri, 21 Aug 2026 21:54:46 +0000

The developer of the mixed-use Thesis Miami property in Coral Gables landed $177 million in refinancing from Barry Sternlicht’s Starwood Property Trust and New York-based Ramsfield Hospitality Finance. Thesis and property owner Nolan Reynolds International secured $135 million for the multifamily and retail portion at 1340 South Dixie Highway from Starwood and $42 million for the hotel component at 1350 South Dixie Highway, according to NRI and Faisal Ashraf of Lotus Capital Partners, who advised the developer on the financing. The two buildings, across from the University of Miami, comprise nearly 900,000 square feet, with retail space in each, while […]

This article originally appeared on The Real Deal. Click here to read the full story.

Torrealba’s troubles: MG Developer overdue on millions in debt, preferred equity, lawsuits say

Lidia Dinkova — Fri, 21 Aug 2026 21:00:00 +0000

Alirio Torrealba and his MG Developer were hit with four lawsuits this week alleging defaults on $2.2 million in preferred equity and millions more in loans tied to several South Florida holdings. The Coral Gables-based developer, which has a hefty pipeline spanning from Hialeah to North Bay Village, has spent over a decade building its reputation in the region. In a statement, MG conceded it’s experienced some disruptions in recent months, including with liquidity, but added that it takes its obligations to the plaintiffs, who are long-time MG investors and partners, “very seriously.” MFD International LLC and Yosse LLC, both […]

This article originally appeared on The Real Deal. Click here to read the full story.