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South Florida Real Estate News
Another historic Star Island home faces wrecking ball
Posted at 8/20/2014 1:40:36 PM from The Real Deal

Yet another historic mansion on Star Island could soon be destroyed to make way for a new mansion. Preliminary plans to demolish the 83-year-old, 8,000 square-f... Read More..


Company linked to Blackstone grabs Boca Raton hotel
Posted at 8/20/2014 1:40:36 PM from The Real Deal

A company tied to New York’s the Blackstone Group paid $12 million for a Marriott-branded hotel in Boca Raton. BRE Newton Hotels Property Owner acquired the Res... Read More..


Hedge Fund guru sells Miami Beach mansion for $14.5M
Posted at 8/20/2014 1:40:36 PM from The Real Deal

New York hedge fund guru Scott Bessent sold his La Gorce Island mansion to a California film entrepreneur for $14.5 million, The Real Deal has learned. The sale... Read More..


New York department store chain buys Design District property
Posted at 8/20/2014 1:40:36 PM from The Real Deal

The E.G. Cody building in Miami’s Design District was acquired by a major New York-based department store chain for $16 million. Jerry Cody and Eduardo Gonzalez... Read More..


Loews Miami Beach owner scores $175M refi
Posted at 8/20/2014 1:40:36 PM from The Real Deal

The owner of the Loews Miami Beach Hotel obtained a $175 million refinancing. MB Redevelopment LLC received the loan from New York-based German American Capital... Read More..


Rare office condo project planned in Coral Gables
Posted at 8/20/2014 1:40:37 PM from The Real Deal

A developer in Coral Gables is going to test the city’s appetite for office condominiums with a new project. The Solution Group’s development affiliate Ofizzina... Read More..


Record Lincoln Road portfolio sale closes
Posted at 8/20/2014 9:33:07 AM from The Real Deal

A partnership between affiliates of Miami Beach-based Terranova Corp. and Morgan Stanley Real Estate Investing closed on the $342 million purchase of six buildi... Read More..


South Florida leads nation in all-cash home sales
Posted at 8/20/2014 9:33:08 AM from The Real Deal

Nearly two-thirds of Palm Beach County homes sold in the second quarter were bought in all cash deals, according to RealtyTrac data. That makes South Florida th... Read More..


Colony Hotel to close for renovations
Posted at 8/20/2014 9:33:09 AM from The Real Deal

The Colony Hotel in Palm Beach is shutting its doors for five weeks for renovations. Starting September 2 the hotel will begin a multimillion-dollar project, up... Read More..


South Florida Finance News
Bond Sales in Africa Losing Allure
Posted at 8/20/2014 1:39:12 PM from WSJ Market News

African governments are on pace to issue a record amount of bonds in 2014, but global investors' appetite for African bonds may be testing its limit. Read More..


Argentina bonds, peso reel on country's debt swap plan
Posted at 8/20/2014 1:40:08 PM from Reuters Economy

BUENOS AIRES (Reuters) - Argentina's new plan to skirt U.S. courts and resume payment on defaulted bonds aims to protect creditors who participated in two debt ... Read More..


Fed notes labor market progress, but not convinced yet: minutes
Posted at 8/20/2014 1:40:09 PM from Reuters Economy

WASHINGTON (Reuters) - The Federal Reserve has been surprised by how quickly the U.S. labor market is healing but doesn't want to bring forward a planned rate h... Read More..


Insight: How aggressive lending came back to bite South African bank Abil
Posted at 8/20/2014 1:40:09 PM from Reuters Economy

JOHANNESBURG (Reuters) - Unemployed South African construction worker Daniel isn't sure how he fell so deeply in debt. All he knows is that African Bank Investm... Read More..


Wells Fargo Seeks to Boost Asset-Management Business
Posted at 8/20/2014 1:39:12 PM from WSJ Market News

Wells Fargo is aiming to double the size of its asset-management unit to $1 trillion over the next decade through acquisitions and more aggressive sales to big ... Read More..


Exclusive: Funds could face market curbs after lobbying backfires
Posted at 8/20/2014 1:40:09 PM from Reuters Economy

LONDON (Reuters) - Fund managers may face tougher scrutiny by global regulators than planned after their intense lobbying against a first proposal backfired, in... Read More..


Argentina says proposed debt swap aims to protect investors
Posted at 8/20/2014 9:32:34 AM from Reuters Economy

BUENOS AIRES (Reuters) - Argentina's plan for making payments on its sovereign bonds via a local bank aims to protect the vast majority of creditors who partici... Read More..


Argentina aims to skirt U.S. court, bring debt under national law
Posted at 8/20/2014 9:32:34 AM from Reuters Economy

BUENOS AIRES (Reuters) - President Cristina Fernandez on Tuesday unveiled legislation that seeks to push bondholders to swap defaulted debt for new notes govern... Read More..


France's Hollande says to speed up reforms, ease tax on poorest
Posted at 8/20/2014 9:32:34 AM from Reuters Economy

PARIS (Reuters) - French President Francois Hollande said on Wednesday he would accelerate reforms while at the same time giving tax breaks to poorer households... Read More..


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