Eman Elshahawy

Reuben Brothers’ renovation plans for the Waldorf Astoria Miami Beach include replacing Mr. Chow with a New York City steakhouse.

Magna Hospitality Group sold the Hotel Maren to Rockpoint Group for $47.1 million, years after buying it out of bankruptcy.

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The joint venture obtained the financing for The Lincoln at 2650 Lincoln Avenue from SME Capital arranged by Berkadia, according to a news release from Lore. The 30-month senior construction loan for the project includes two six-month extension options. The funding amounts to $1.2 million per unit.

Commissioner Damian Pardo sponsored resolution to examine how short-term rentals are operating across the city

Boston-based private equity firm bought 10 buildings, 730K square feet of space

Tabani Group purchased a retail property on Lincoln Road that is home to the South Beach nightclub where Drake and Chris Brown were spotted when they were filming the music video for their diamond-certified hit “No Guidance” nearby.

Miami Beach commissioners ordered an independent engineering review of the pedestrian bridge tied to Five Park residences, developed by Terra and GFO Investments, after utility conflicts raised questions about whether the bridge can be completed as promised.

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The two founders of a Port Richey-based real estate investment trust were indicted on federal theft and embezzlement charges, accused of stealing funds from their employee benefit plans, months after the duo was charged by the SEC in an alleged fraud scheme that raised $152 million from over 5,500 small investors.