Miami Dade College’s board of trustees doubled down on its controversial plan to hand over a prime downtown parcel for Donald Trump’s $950 million presidential library. The board unanimously reapproved the land transfer on Tuesday at a packed morning meeting in Hialeah, the Miami Herald reported. The redo vote resulted from a pending lawsuit alleging … Read more
President Donald Trump has shrugged off criticism from fellow conservatives over his proposed 50-year mortgage, saying “all it means is you pay less per month.” After Trump floated the idea over the weekend as a solution to the affordability crisis, it drew furious backlash even from his supporters, who pointed out that the small reduction … Read more
Miami’s status as a top destination for real estate developers, brokers, foreign investors and New Yorkers was on full display at The Real Deal’s Miami Real Estate Forum last week. The two-day conference attracted thousands of attendees and dozens of developers, brokers, lenders, architects and other vendors who featured their products and projects at the … Read more
Sam Nazarian sees Miami as a city at the highest echelons of real estate, largely due to the in-migration of recent years. But growing pains linger. “You can’t go backwards. Miami now is one of the most important, if not the most important, cities in the world today, but there are different things that drive … Read more
The Real Deal‘s Miami Forum is this week. Don’t go unprepared: Here’s a primer on the South Florida real estate market. Macro issues are affecting the tri-county region. President Trump’s immigration policies threaten population growth in South Florida, which trickles down to fewer renters signing leases and an overall drop in consumer spending that affects … Read more
Los Angeles Dodgers pitcher Alex Vesia is stepping “away” from the MLB team ahead of their second consecutive World Series appearance to deal with a “deeply personal family matter” alongside his pregnant wife, Kayla. News of the 29-year-old pro athlete’s break was shared by the Dodgers in an official statement that was posted on social … Read more
The Villages is betting big on the municipal bond market to keep its housing boom alive. The sprawling 57,000-acre retirement empire in central Florida is selling nearly $130 million in high-yield municipal bonds to fund a 2,800-home district, Bloomberg reported. The sale, handled by Jefferies and Morgan Stanley, will bankroll infrastructure for the next phase … Read more
Andrew Korge terminated his firm’s $28.2 million offer for a stalled mixed-use project site in Coconut Grove tied to disgraced developer Rishi Kapoor. An affiliate of Korge’s Miami-based KOR Development walked away from the potential purchase of the development site at 3120-3170 Commodore Plaza, a year after reaching an agreement with Bernice Lee, the court-appointed … Read more