The Real Deal

21 hours ago | therealdeal.com | Katherine Kallergis

Tensions ran high during a Miami Beach commission meeting on Wednesday over the Meruelo family and David Martin’s proposed redevelopment of the Deauville Beach Resort. The Meruelo family and Terra plan a 120-unit condo and 150-room hotel project on the 3.8-acre oceanfront site at 6701 Collins Avenue. The project, with two condo buildings and the hotel, would be designed by Foster + Partners, Shulman + Associates and ODP as the project architect.

1 day ago | therealdeal.com | Katherine Kallergis

A waterfront Miami Beach home owned by disgraced agent Oren Alexander hit the rental market for $55,000 a month. The 4,267-square-foot house at 1611 West 24th Street on the Sunset Islands is listed with the Corcoran Group’s Isaac Lustgarten, who worked closely with Alexander. It hit the market last week. Alexander’s 1611 W 24 LLC paid $9.8 million for the four-bedroom, four-and-a-half-bathroom house in 2021, records show. The house, built in 1938, appears to have been recently renovated.

1 day ago | therealdeal.com | Sam Lounsberry

After spending the last three years buying dozens of buildings and hundreds of apartment units, Shaya Wurzberger is getting a taste of distress in Chicago’s multifamily market. Wurzberger, 31, is a Brooklyn-based investor who entered the Windy City scene in 2022 with a series of acquisitions that rapidly assembled a large portfolio under his firm Levav Properties. He said he owns 1,000 apartment units that he has spent about $100 million to buy since 2022.

2 days ago | therealdeal.com | Katherine Kallergis

The future of the Florida Real Estate Commission is in the hands of lawmakers. FREC, which oversees real estate agents, brokers and brokerages, could be eliminated under proposed legislation aimed at de-regulating industries such as real estate. House Bill 1461 calls for the repeal of FREC, among other boards and commissions that fall under the Department of Business and Professional Regulation’s purview.

2 days ago | therealdeal.com | Sheridan Wall |Matthew Elo

Irina Shayk has finally parted with her West Village condo. The Russian supermodel sold her apartment at 166 Perry Street for $3.25 million, or roughly $1,300 per square foot, according to public records. The deal came nearly a decade after Shayk initially sought to offload the duplex and was $1 million less than she asked for the unit when it hit the market again last summer.