South Florida Real Estate News | Linda Dunphy Realty Group

The Real Deal Miami

Broward approves Related’s mixed-use project in Flagler Village

The Miami-based Related Group joined FATVillage partners Doug McCraw and Lutz Hofbauer in securing approvals for a mixed-use project near Fort Lauderdale’s trendy Flagler Village neighborhood. The Broward County Commission approved plans for the Gallery at FATVillage on Tuesday, a Related spokesperson confirmed. As planned, the 14-story, 168-unit project will include about 4,000 square feet of ground-floor retail space and a nearly 200-space parking garage. Out of the 168 apartments, 34 will be set aside ... [more]

Republicans claim they’ve reached a deal on tax overhaul

From TRD New York: House and Senate Republicans say they’ve agreed to a framework on a tax overhaul bill, which Congressional leaders said should be approved next week. As of Tuesday night, House and Senate negotiators were considering limiting deductions for mortgage interest loans to $750,000, according to Bloomberg. The House version had previously suggested a $500,000 cap, down from the current $1 million. Despite public claims that the agreement between House and Senate Republicans ... [more]

Fine suspensions extended for third time at Palm House in Palm Beach

The daily $2,000 fines leveled against a failed Palm Beach condo-hotel project plagued by investor claims of fraud will be suspended for at least another three months, according to Palm Beach Daily News. The Town Council unanimously agreed to continue the fine suspension for 120 days at the request of Cary Glickstein, who was appointed by a judge to oversee the completion of the Palm House project at 160 Royal Palm Way. The fines were ... [more]

Mas bros. team up with Beckham in pitch for Miami MLS stadium

  Score! David Beckham has brought in powerful Miami siblings Jorge and Jose Mas to his investment group planning a multimillion-dollar Major League Soccer stadium in Overtown. The MasTec brothers, whose father founded the engineering and construction firm, have joined the venture, while majority partner and Los Angeles Dodgers co-owner Todd Boehly has bowed out, according to the Miami Herald. Beckham’s yearslong attempt to bring an MLS team to Miami is banking on approval from ... [more]

East 41 mixed-use project in Hialeah scores approval

East 41, a mixed-use project that will bring retail, self-storage and more than 400 residential units to Hialeah, is underway after the city council approved to extend its business district regulations where the project’s developers plan to build. The current property owner, J.R. Realty Corp., led by David Small, is under contract to sell the development site to 1100 E. 41st Street LLC, led by Miami investor Rolando Delgado. Berger Singerman attorney Javier L. Vazquez represented the ... [more]

Fort Lauderdale sees biggest annual rent growth in Florida: report

Rents in Miami are notoriously high, but its sister city to the north actually experienced more rent growth over the past year, a new report shows. Average apartment rents in Fort Lauderdale jumped 6.6 percent year-over-year, marking the biggest annual increase in Florida, according to RentCafe’s November report. Fort Lauderdale renters can now expect to pay about $1,820 a month for an apartment. The growth makes sense given the amount of development both underway and ... [more]

Storm-damage repairs add millions to Miami Beach Convention Center renovation cost

This year’s storms have proven costly for the $600-plus million renovation and expansion of the Miami Beach Convention Center. To get the center ready for the annual Art Basel extravaganza, an extra $6.9 million was added to the $619.9 million renovation budget, the Miami Herald reported. The additional money was spent on workers cleaning up damage wrought by Hurricane Irma, as well as a storm coined the “rain bomb” that drenched Miami in early August. ... [more]