South Florida Real Estate News | Linda Dunphy Realty Group

The Real Deal Miami

Foreign buyers are snapping up more American real estate than ever

From TRD New York: One market’s loss, is another market’s gain. Countries like Canada, the United Kingdom, Australia, and New Zealand are starting to see foreign buying tapering. However, the United States is starting to see a surge in foreign buying according to the National Association of Realtors (NAR). These numbers are showing explosive growth in both the transactions, and dollar volume. Explosive Growth Across The United States Foreign buying is experiencing growth across the United States ... [more]

Author asks $3.8M for her waterfront home in Fort Lauderdale

Novelist Jilliane Hoffman listed her waterfront Fort Lauderdale home for sale with an asking price of $3.8 million. DND Associates, an affiliate of brokerage firm One Sotheby’s International Realty, has the listing for the two-story house at 517 Isle of Palms Drive, which Hoffman bought in 2006, the same year Benchmark Development built it. The property includes a private dock large enough for a yacht and provides access to the Atlantic Ocean on the Stranahan ... [more]

Downtown Coral Springs office building attracts four restaurants

Coconut Creek-based Butters Construction and Development and a joint-venture partner are activating their re-positioned office building in downtown Coral Springs by leasing ground-floor space to four restaurants. Two of the restaurants, I Heart Mac & Cheese and Johnny Manãnas, already have opened at the office building at 3111 North University Drive in Coral Springs, called University Place. The other two restaurants, Lady and the Mug and 1000 Degrees Neapolitan Pizza, are expected to open in ... [more]

Aventura firm buys Naples rentals for $67M

Aventura-based Advenir Inc. bought a 350-unit apartment property in Naples for $67 million or about $191,000 per unit. The seller, Baltimore-based Continental Realty Corporation, acquired the property, called Aventine at Naples, in 2013 for $44.3 million. The Class A apartment property at 9300 Marino Circle in South Naples is located off Collier Boulevard near Marco Island. A team at brokerage firm ARA Newmark, led by Executive Managing Director Hampton Beebe, represented Continental Realty in its ... [more]

Foreclosure auction of Palm Beach home reset 4th time

A circuit court judge has rescheduled the foreclosure auction of an oceanfront house in Palm Beach for the fourth time. An online foreclosure auction of the house at 101 Casa Bendita in Palm Beach, owned by real estate developer Robert V. Matthews, is now scheduled to start at 10 a.m. on Aug. 21. An auction of the house on July 5 was halted after it began because Matthews filed for Chapter 7 bankruptcy on the ... [more]

HUD-insured loan finances construction of rental project in Gainesville

The developer of a 176-unit rental apartment development in Gainesville got a $23.4 million HUD-insured loan to finance construction. Svein Dyrkolbotn, principal of Viking Companies, is developing 23 West Apartments, one of handful of new multifamily housing developments west of Interstate 75 in Gainesville. This is Viking Companies’ first market-rate multifamily housing project following its development of several Gainesville-area commercial properties and student housing projects. Christine Griffin, a managing director of New York City-based real estate lender Greystone, originated the $23.4 million ... [more]

Delray Beach house and lot to be auctioned

A contemporary lakefront house and a vacant five-acre lot in an equestrian community in Delray Beach will be offered for sale in an auction on July 31. The house and the lot in the Tierra Del Ray community, previously listed for sale for $3.599 million and $799,000, respectively, will be offered together without a reserve, or minimum bid. Concierge Auctions will conduct the auction through its custom mobile bidding application in cooperation with Joshua Gold ... [more]