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Marketing firm inks lease for full floor at Brickell Bayview Centre	2/10/2012 4:30 PM
Marketing firm Max Borges Agency has signed a full-floor lease for 16,200 square feet at downtown Miami’s Brickell Bayview Centre. The company, which specializes in electronics marketing, is bringing more than 60 employees to the 285,959-square-foot tower from its former downtown Miami location at 3050 Biscayne Boulevard. “They had a very short window to try and transact, and they needED to try to find a building that was of good quality,” said Douglas Okun, vice [more]
Today’s priciest new listing	2/10/2012 4:15 PM
The priciest new listing in South Florida today is a single-family home at 890 Harbor Drive in Key Biscayne that’s asking $8.7 million, according to Condo Vultures. The 7,816-square-foot home has six bedrooms, six bathrooms and was built in 1982 on 16,900-square-foot waterfront lot. The property underwent a renovation in 2004 and has an infinity pool with a large patio overlooking Biscayne Bay, 98 feet of yacht dockage and a two-car garage. Coldwell Banker Residential
Related plans 31-story complex in Hallandale Beach	2/10/2012 3:30 PM
The Related Group is planning a 31-story development in Hallandale Beach with 84 apartments and 432 hotel rooms, according to the South Florida Business Journal. The development firm acquired the property, at the western end of the Hallandale Beach Boulevard Causeway off the Intracoastal Way, for more than $2.9 million from TD Bank last May. It had been home to Manero’s Steakhouse for 50 years. The building marks the 22nd tower, totaling 4,400 units, planned [more]
Ivanka Trump says Obama let her down	2/10/2012 2:45 PM
Ivanka Trump Ivanka Trump appeared on CNN's "Piers Morgan Tonight" program last night, where she briefly discussed the current economic climate, and of course, Barack Obama's presidency (see the video after the jump). [more]
SF foreclosure stats for the week	2/10/2012 2:15 PM
Foreclosures continue to occur more frequently in South Florida than they did last year. There have been 4,154 foreclosures filed through Feb. 10, 907 more than were recorded in the tri-county area during the first six weeks of 2011. The last week accounts for about one-third of that difference, as 760 foreclosures were filed this week, compared to 446 during the same week a year ago. While foreclosure numbers haven’t changed much in Palm Beach
The impacts of key federal housing proposals	2/10/2012 1:15 PM
Though it was pronounced dead-before-arrival by opponents on Capitol Hill, President Barack Obama’s new mortgage refinancing package contained far more than legislative proposals. In fact, significant portions of it that have received little media coverage require no prior approval from a hyperpartisan Congress, and could begin affecting consumers within weeks. Here’s a quick rundown on key segments of the housing proposals with a handicapping of their likely impact this year: – Going nowhere: If you’ve [more]
New bill would quicken Florida foreclosures	2/10/2012 12:30 PM
Florida’s House Economic Affairs committee approved a proposed bill, HB 213, that would speed up Florida’s foreclosure process and shorten the amount of time banks have to pursue homeowners for unpaid debts. The bill would only apply to certain cases: where homeowners abandon their homes, when there is a default (the action is not challenged) and if no legitimate defense to the foreclosure is raised. Sponsor Rep. Kathleen Passidomo said the bill would not remove [more]
Condo resales jump in Hollywood/Hallandale	2/10/2012 11:45 AM
Buyers purchased an average of 140 condominium units per month in the Hollywood/Hallandale Beach market in 2011, an increase of nearly 20 units per month from 2010, according to a report from Condo Vultures. “The Hollywood/Hallandale coastal market is benefiting from the influx of investors chasing deeply-discounted condo resales that can be leased out to tenants who are willing to pay higher rents,” said Peter Zalewski, founder of brokerage and consultancy Condo Vultures. The increase [more]
Miami office market gains strength	2/10/2012 11:00 AM
Office vacancy in Miami-Dade County was at 19.1 percent at the end of 2011, according to data from CBRE Group’s Florida Market Perspective 2011. There was a total of 44.1 million rentable square feet in the county, and 8.4 million vacant. Last year saw net absorption of 64,238, with 359,630 square feet under construction, with the average asking lease rate in the county at $30.32. “The Miami office market has gained strength during 2011 with [more]
Inside a $33.9 million Palm Beach home	2/10/2012 10:15 AM
Gertrud Turklitz’s home on the northern tip of Everglades Island is listed for $33.9 million, according to the Palm Beach Daily News. The home, which was built in 1959 and is located at 482 Island Drive, has five bedrooms and five bathrooms and 400 feet of waterfront. Turklitz is selling her home because her mother, who will turn 98 this year, cannot travel anymore. The home is no longer used as a permanent residence, although [more]

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