Miami Federal Judge Robert Scola Jr. granted summary judgment in favor of project builders Gary Cohen, Daniel Lebensohn, BH3 and five related companies last week, related to allegations of wrongful prosecution and defamation. Dara and David Clarke, a pair of residents who sued the developers and the city of Aventura in Miami-Dade Circuit Court over…
Paseo Miami, a mixed-use apartment building, is planned for 5700 Biscayne Boulevard, the site of a cancelled condo project by Unitas Development Group. The 448,000-square-foot development, designed by Corwil Architects, would include 294 apartments, about 27,000 square feet of retail/commercial space and 517 parking spaces. The project also features an interior courtyard and a pool…
Swire is partnering with Colombian businessman Carlos Mattos to jointly develop the property at 650 South Miami Avenue, a spokesperson told The Real Deal. The developers are planning a residential project on the former Tobacco Road site. Mattos made his money with Hyundai Colombia Automotriz, a car import and distribution company he founded in his…
Canadians’ interest in South Florida vacation homes has increased as an especially cold winter continues in their home country. Record-breaking cold weather hit Canada in December and January. During a six-day cold snap in Montreal, temperatures didn’t exceed -17 degrees Celsius (1.4 degrees Farenheit). In addition to cold weather, Canadians also have loomed larger in…
Certain conditions make the assets look a little more appealing. High dividends have some investors taking a second look at “class B” shopping centers. Due to falling share prices, mall operators’ dividends have increased dramatically, some well over 15 percent, the Wall Street Journal reported. For example, Tennessee-based CBL & Associates Properties and Ohio-based Washington…
In 2017, Airbnb collected and remitted $45.7 million in sales and local bed tax revenue to the Florida Department of Revenue and 39 counties that have signed agreements with the vacation rental platform, the company’s spokesperson said in a press release. Miami-Dade and Broward counties accounted for 40 percent of the total, or $18.3 million.…