Buying a whole block on Miami Beach’s Lincoln Road simply wasn’t enough for Spanish billionaire Amancio Ortega. The Zara owner has yet again smashed a Miami record with the $500 million purchase of downtown’s Southeast Financial Center, an iconic office building that seller JPMorgan Asset Management began shopping around earlier this year. In a single deal,...

A group that paid $10 million for property in Miami’s Little River neighborhood plans to redevelop it. AHOS 2 LLC, owned by Avra Jain and Joe Del Vecchio, sold the 178,810-square-foot office building at 7942 N.E. 2nd Ave. to MD 79th Holding LLC, managed by Robert Daniels in Miami Beach. Metro 1 Commercial’s Alfredo Riascosrepresented the sellers while Devlin...

Giant mortgage investor Freddie Mac plans to dispense with traditional appraisals on some loan applications for home purchases, replacing them with an alternative valuation system that would be free of charge to both lenders and borrowers.  Can computers, big data and advanced analytics replace real live humans when it comes to accurately valuing the home you...

When it comes to homebuilding, Miami is a top 75 market to watch in 2017, according to a joint report from PwC and the Urban Land Institute. The city’s No. 62 ranking comes as little surprise, as Miami, while continuing to see strong residential construction spending, has been losing some of its heat. During the month of September, builders spent more than $267...

Sought after special ground floor residence. Beautiful back patio opens to spectacular Vanderbilt Mansion pool and overlooking Yachts & Marina. Simply step out your back door and walk to the beach. Have this two bedroom plus den be your new paradise! Owner Financing or Creative financing available. Enjoy a world class spa, clubhouse, tennis courts, gourmet...

MIAMI (CBSMiami) — Welcome to Miami’s newest retail destination – the Brickell City Centre. It’s 4.9 million square  feet -spanning three city blocks. Swire properties purchased the land eight years ago and it’s been under construction for about four years. “It’s a very exciting time. We’re 91 percent leased and have active  negotiations on what little space we...