The Pink Palace on St. Pete Beach has a new owner. The Loews Don CeSar Hotel was purchased by Host Hotels & Resorts and will be managed by Davidson Hotels more
Florida
Target to Open First Miami Beach Store
Miami Beach residents, rejoice. Target is coming to South Beach, which means residents will no longer have to leave the island to get their Target fix. The 82,000-square-foot building, designed by more
Bruce Berkowitz and Billionaire W.R. Berkley Buy Coconut Grove Site
A company led by billionaire William Berkley and Bruce Berkowitz of Fairholme Holdings just picked up pieces of an assemblage in west Coconut Grove. B and B Group Properties LLC paid more
Miami Ranks No. 1 Among US Cities with Fastest-Growing Incomes (Slideshow)
A study by the personal finance site SmartAsset shows that the median income for Miami households increased in 2016 to $34,900, up 16.4 percent from 2015. Miami’s household income increase more
Boutique Condo Project Breaks Ground in Coconut Grove (Renderings)
The 52-unit Arbor condominium broke ground Wednesday in Coconut Grove. Units at Arbor will range from 1,474 square feet with two bedrooms to two-story townhomes of up to 2,150 square more
Here’s Trump’s Property Tax Bill in Palm Beach County This Year
The properties include four in Palm Beach: the Mar-a-Lago resort, two adjacent houses, a vacant lot and golf course facilities, that were billed $1.182 million for 2017. Last year, the more
Fort Lauderdale Ranks as Top US City for Real Estate Investment
The city jumped 29 spots in PwC US and Urban Land Institute’s Emerging Trends in Real Estate this year. The report surveys more than 1,600 real estate investors, fund managers, more
Developer Scores Approval for North Beach Hotel
A French developer is moving forward with its plans to build a boutique hotel in North Beach. IC Property Capital Corp., led by Lucas Mattout, secured approval from the Miami Beach more
Here are South Florida’s Billionaire Real Estate Players Who Made the Forbes 400
South Florida’s real estate billionaires, Jorge Pérez and Jeff Greene included, held onto their wealthy status, according to the latest Forbes 400 ranking. It now takes $2 billion to make it more
Groundbreaking Set for Coconut Creek Hotel
Miami-based Morlin Hospitality Group will hold a ground-breaking ceremony Wednesday for a Residence Inn by Marriott hotel in Coconut Creek. The six-story, 105-room, extended-stay hotel will be Morlin’s second in Coconut more
Toronto Firm Invests $32M in Downtown Miami Development
Greybrook Realty Partners Inc. invested about $32 million to fund the acquisition and development of a site in downtown Miami where the company plans to build a residential project together more
Crescent Heights Scales Back 1212 Lincoln Road, Adds CitizenM Hotel, LED screens
Crescent Heights has again revamped its plans 1212 Lincoln Road, a five-story mixed-use project that stretches along most of the 1600 block of Alton Road. It will now hold off more
Blue Road Buys South Beach Hotel
Blue Road just paid $17.5 million for a boutique hotel in South Beach, expanding its holdings on Collins Avenue, The Real Deal has learned. The Miami development company, led by more
Jacksonville’s Biggest Hotel Fetches $109.9M
The new owner of the 951-room Hyatt Regency Jacksonville Riverfront is Houston-based Westmont Hospitality Group, which has equity interests in 500-plus hotels on three continents. Westmont last year paid $120.5 more
Fort Lauderdale Condo Hotel to Open Oct. 10
Hurricane Irma delayed the opening of the Conrad Fort Lauderdale Beach resort until Oct. 10. The 24-story condo hotel had been scheduled to open by the end of September for more
Vinik-Cascade Team Unveils Plans for 500-room Hotel for Water Street Tampa
“A true game-changer,” said Alex Kaptzan, vice president of convention sales at Visit Tampa Bay. The new hotel will not only help convention recruiters book larger groups, but it should more
Prime Hospitality Group and Shaner Hotels Set for Winter Debut Art Ovation Hotel in Sarasota, Florida
Art Ovation Hotel will be the newest addition to downtown Sarasota when it debuts this Winter. The 162-room boutique hotel will be an Autograph Collection Hotel, and plans to make more
Hotel Inventory on the Rise in Sarasota County
Sarasota County will add more than 1,000 hotel rooms within the next two years, according to a press release. Most of these hotel rooms will be centered around Sarasota’s downtown more
Condo Tower Marks First Phase of Quay Development
The owner of the Quay is moving ahead with plans to build out the vacant downtown bayfront land, filing documents Friday for an 18-story condominium north of the Ritz-Carlton, Sarasota. more
Atlanta Firm Picks Up Element Miami Hotel Near Airport
Norwich Partners just sold the Element Miami International Airport hotel to Peachtree Hotel Group. The five-story, 209-key hotel at 3525 Northwest 25th Street sold for $22 million, Norwich managing member David more