Citadel exec talks offices, David Martin speaks about climate change at UM conference 

Citadel remains steadfast in its belief that companies will bring employees back to the office, despite some firms opting to downsize and certain industries still allowing remote work, an executive with the hedge fund said.  “The financial services sector, they have leaned [into] the value of being in the office. And it’s not just a […]

The post Citadel exec talks offices, David Martin speaks about climate change at UM conference  appeared first on The Real Deal.

Related’s Steve Patterson buys waterfront Miami Beach teardown

Steve Patterson, president and CEO of a Related Group division, bought a waterfront Miami Beach teardown for $9.4 million. Records show Patterson bought the property at 5141 Pine Tree Drive from Christian Egidio Lamont.  Darin Tansey of Douglas Elliman had the listing, and Jeri Jenkins of Coldwell Banker Realty brought the buyer. Patterson is Miami-based […]

The post Related’s Steve Patterson buys waterfront Miami Beach teardown appeared first on The Real Deal.

Lennar’s Eric Feder, Sintavia’s Brian Neff buy, sell condos on Fisher Island  

Lennar’s Eric Feder and Sintavia’s Brian Neff separately bought and sold a pair of Fisher Island condos — with both deals tied to the same Delaware company — for a total of $27.6 million. Records show LHOTSE LLC, the Delaware entity, sold unit 7181 at Palazzo Del Mare to Feder and his wife, Elizabeth Feder, […]

The post Lennar’s Eric Feder, Sintavia’s Brian Neff buy, sell condos on Fisher Island   appeared first on The Real Deal.

Billionaire Teddy Sagi to buy waterfront Miami Beach teardown for $24M 

Billionaire Teddy Sagi is buying a waterfront teardown to build a home for himself in Miami Beach, sources told The Real Deal. The Israeli mogul, who has an estimated net worth of $5.6 billion, according to Forbes, is in contract to buy the house at 4521 Pine Tree Drive for $24 million, Douglas Elliman agent […]

The post Billionaire Teddy Sagi to buy waterfront Miami Beach teardown for $24M  appeared first on The Real Deal.

Terra’s $500M bid for Miami Beach condo building expires

Developer David Martin’s record bid to acquire Castle Beach Club, an aging oceanfront condo building in Miami Beach, could be dead in the water.  Contracts with the majority of unit owners expired at the end of January, sources told The Real Deal.  Martin’s firm, Coconut Grove-based Terra, is still interested in purchasing the roughly 570-unit […]

The post Terra’s $500M bid for Miami Beach condo building expires appeared first on The Real Deal.

Son of Lennar’s Stuart Miller arrested on domestic violence charges

David Miller, son of Lennar Corp. Executive Chairman and co-CEO Stuart Miller, was arrested in Miami Beach on charges of domestic violence this past weekend against his girlfriend.  Miller is a real estate agent with Berkshire Hathaway HomeServices EWM Realty and previously worked at Lennar, according to state records and his LinkedIn. He was booked […]

The post Son of Lennar’s Stuart Miller arrested on domestic violence charges appeared first on The Real Deal.

Elie Schwartz’s failed Miami Beach sale upends CrowdStreet settlement

The collapse of Elie Schwartz’s deal to sell a Miami Beach office building has put his sizable settlement with CrowdStreet investors at risk. Schwartz’s Nightingale was supposed to use the proceeds from a pending sale of an eight-story office building at 1601 Washington Avenue to pay back hundreds of investors whose $53 million Schwartz allegedly […]

The post Elie Schwartz’s failed Miami Beach sale upends CrowdStreet settlement appeared first on The Real Deal.

Bal Harbour-based developer Eric Sheppard convicted of PPP fraud

Bal Harbour-based developer Eric Sheppard is headed to the slammer, after a jury convicted him of defrauding Covid-19 disaster relief programs. He allegedly stole nearly $900,000 in federal funds between March 2020 and May 2021, according to his indictment.  Last week, jurors in Miami federal court found the 55-year-old builder guilty of four counts of […]

The post Bal Harbour-based developer Eric Sheppard convicted of PPP fraud appeared first on The Real Deal.

Resi roundup: Farming equipment heiress, Nashville honky-tonk owners buy South Florida homes

It’s the busy season for luxury real estate in South Florida, and deals are closing across the region. Single-family homes and condos sold from Miami Beach to Palm Beach, with prices ranging from $7.1 million to $13 million. Buyers and sellers included an heiress to an agricultural equipment fortune, financiers, former self-storage moguls and the […]

The post Resi roundup: Farming equipment heiress, Nashville honky-tonk owners buy South Florida homes appeared first on The Real Deal.