The Real Estate Dealio: Downtown Historic Post Office Trades for $11 Million

Developer Daniel Pena-Giraldi of Stambul Ventures purchased the 34,455 square foot historic building, located at 100 NE 1st Ave. in Downtown Miami from Old Post Office LLC, a joint venture formed by Scott Robins and Tom Morgan.  Robins’ group purchased the property about a decade ago, with plans to convert it to condos. Pena-Giraldi plans… Read more…

Douglas Elliman acquires Majestic Properties

Douglas Elliman continues their aggressive expansion in South Florida with the acquisition of Majestic Properties. According to the press release:  As part of a larger Florida growth strategy aimed at attracting key industry talent, the acquisition will add a selection of agents and market experts from Majestic ’s roster to Douglas Elliman’s national network of… Read more…

Low-Rise Wynwood Condo Project to Break Ground

Real estate is making a strong comeback in South Florida and developers have collectively announced nearly 200 new condo projects, most in Downtown Miami and Brickell.  We’ll see how many of these projects will actually be built, but I estimate that about 15-20 condo projects have already broken ground. Most of the high-rise condos that… Read more…