Judge dismisses Privé’s $225M lawsuit against neighbors

Privé at Island Estates construction as of Oct. 23 A Miami-Dade County judge has dismissed a $225 million lawsuit filed by the developers of the much litigated Privé at Island Estates project in Aventura. Yet, other legal cases remain pending.  Developers BH3 and Gary Cohen filed the lawsuit in February seeking damages from specific neighboring property owners…

The Wrap: Palm Beach wants to regulate drones, the opera house escapes foreclosure … and more

A flying quadcopter with an attached GoPro camera (Credit: Don McCullough) 1. Palm Beach drone ordinance under Town Council review [Palm Beach Daily News]2. Opera house escapes foreclosure after company sells loan [SFBJ] 3. Neighbors oppose accessible wellness center in Miami Beach oceanfront park [Miami Herald]4. Florida Gov. Rick Scott signs new gambling compact with…

Blackstone buys another 10,000 rental units

From left: Greystar’s founder Bob Faith and Blackstone’s head of real estate Jonathan Gray From the New York website: The Blackstone Group is buying 32 multifamily buildings from Greystar Real Estate Partners for $2 billion, doubling down on its bet on the U.S. rental market. The portfolio includes 10,399 apartment units across major metropolitan areas,…

Miami Association of Realtors heads to China

A 2011 photo of downtown Miami’s skyline (Credit: Lonny Paul) and the Chinese flag (Credit: Daderot) In a bid to reel in more business from China, the Miami Association of Realtors is gearing up to send a handful of delegates this week to a luxury property showcase in Shanghai. Eight agents, plus the association’s CEO,…

Opera house escapes foreclosure after company sells loan

The Florida Grand Opera can sing a happy aria after resolving its foreclosure lawsuit. Financial Markets LLC filed a $2 million foreclosed lawsuit in October against the non-profit over its 35,779-square-foot headquarters building at 8390 N.W. 25th Street. The plaintiff is managed by Tibor Hollo, Jerome Hollo, and Wayne Hollo, the top executives of Miami-based…