Keystone Development + Investment scored a $62 million loan for its office-to-residential conversions at two buildings near Dadeland Mall, a rare retrofit in South Florida. Office-to-residential conversions took hold in the Northeast, especially in New York, in recent years, marking new chapters for the towers struggling with higher vacancy due to the growth of hybrid … Read more
Start today for only $1 Subscribe Apartment construction is booming in South Florida, even though the market is past its pandemic-era leasing and rent peak. “Developers are still very bullish on the Miami story,” said Juan Arias, a national director at CoStar Group. “You have a lot [to be completed] in 2027 and 2028.” After … Read more
Hotel investor Brian Ehrlich and spec home developer Fred Karlton are now looking to add “Miami Beach city commissioner” to their resumes. Ehrlich, co-founder of Miami Beach-based Paradigm Hotels, is vying against five other candidates for the open seat created by city commissioner Kristen Rosen Gonzalez’s decision to run for Miami Beach mayor. Among the … Read more
HGTV star Christina Haack has revealed a trickster pranked her by covering her California home in toilet paper. The 42-year-old star of “The Flip Off” took to her Instagram Story to share the aftermath of trolls getting into the spooky spirit. She shared that mystery pranksters had tossed toilet paper all over the facade of … Read more
The Federal Reserve’s interest rate cut this week was widely expected, but Fed Chair Jerome Powell’s comments afterward included surprises that are poised to send mortgage rates higher. After Fed policymakers voted to cut the benchmark rate by a quarter point, Powell told reporters that another rate cut in December is “far from” certain, acknowledging … Read more
A wealthy New York couple who thought they had hired the “perfect” nanny to care for their newborn daughter have now accused the same woman of turning their idyllic upstate life into a nightmare by squatting in their $1 million farmhouse—and wreaking havoc on the property. Jamie Carano Nordenström and her husband, Philip Nordenström, stumbled … Read more
The Salty Donut isn’t worth its salt, if you ask the confectionary’s lender. City National Bank of Florida sued the Miami-based donut maker, claiming it defaulted on a $4.8 million loan issued in October 2021, according to a lawsuit filed in August in Miami-Dade County Circuit Court. The Salty Donut borrowed the money to develop … Read more
Caitlyn Jenner made a surprise return to the Kardashians’ on-air universe this week, when she reunited with her former spouse, Kris Jenner, and their children as they said goodbye to the iconic California mansion where they spent years filming their hit reality show. Kris, 69, who listed the Hidden Hills home in February, shocked her … Read more
Mortgage rates pulled back Thursday to their lowest level in over a year, a day after the Federal Reserve cut interest rates for the second time this year as the government shutdown neared the one-month mark and major companies announced mass layoffs. The average rate on 30-year fixed home loans fell to 6.17% for the … Read more
“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. What do a legendary movie star, two international pop sensations, an iconic rapper-turned-actor, a sports media maven and a Real Housewife all have in common? They’ve all traded Hollywood lights for South Florida nights, and … Read more