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Voters will decide whether the city can sell land on Miami’s Watson Island to two development groups in separate deals geared at developing more condos.  Ecoresiliency Miami, a joint venture between ESJ Capital Partners and David Martin’s Terra, would tentatively pay $135 million for 5.4 acres that are currently part of the 13.3-acre Jungle Island The post Watson Island condo revamp? Developers’ $160M+ purchases of city-owned sites head to Miami voters appeared first on The Real Deal.

A $22.4 million loan on the Fort Lauderdale Marriott North entered special servicing, according to data from Morningstar Credit, further evidence of South Florida commercial property distress.  The loan on the 315-key hotel at 6650 North Andrews Avenue was put into special servicing late last month due to a Dec. 1 maturity that looms, as The post L+R Hotels’ $22M loan on Fort Lauderdale Marriott enters special servicing  appeared first on The Real Deal.

Tech CEO Jody Glidden, the boyfriend of Lisa Hochstein of “The Real Housewives of Miami” fame, sold his waterfront Miami Beach home to his next-door neighbor.  Glidden sold the 3,629-square-foot, four-bedroom, four-bathroom home at 240 South Hibiscus Drive for $11.9 million to the recent owner of the waterfront house next door at 250 South Hibiscus The post Lisa Hochstein’s boyfriend sells waterfront Miami Beach home appeared first on The Real Deal.

Michael Stern’s JDS Development Group replaced Official, the brokerage co-founded by Tal and Oren Alexander brothers, as the sales and marketing firm for 888 Brickell, the Dolce & Gabbana-branded condo project in Miami.  One Sotheby’s International Realty is taking over sales of the planned condo-hotel tower at 888 Brickell Avenue, sources said. The Real Deal The post One Sotheby’s taking over sales of Michael Stern’s Dolce & Gabbana condo tower appeared first on The Real Deal.

Financier Bippy Siegal and his wife sold their condo at the oceanfront Four Seasons Residences at the Surf Club in Surfside for $18.5 million, months after a penthouse sold for a record $44 million. Records show Bippy and Jaqueline Siegal sold unit N-321 at 9111 Collins Avenue to Bayit Ne’Eman B’Yam LLC, a Florida entity The post New York financier sells Surf Club Four Seasons condo for $19M, more than doubling price in five years appeared first on The Real Deal.