A 46-acre development site in Southwest Ranches just hit the market for $15.75 million. The plot of land, on the northwest corner of Sheridan Street and Flamingo Road, is asking for about $342,000 per acre. Records show the owner, Canyon Creek Estates LLC, is led by Ameristar Properties of South Florida, Ernest Caparelli, Shlomo Espstein and Joseph Caparelli. The LLC bought the property in 2004 for $8.9 million. The site is zoned for about 20 homes and estates of up to two acres, said... [read more]

Ready for the big bacon cutting ceremony on Wednesday when Lucky’s Market opens in Oakland Park? The store at 1033 E. Oakland Park Blvd. will be the affordable organic grocery chain’s third South Florida location. Other stores are in Coral Springs and Plantation. The 10 a.m. grand opening ceremony includes cutting of a 10-pound slab of bacon with a ninja knife, samples galore and live music. Lucky’s also will donate more than $10,000 to the nonprofit The Humanity... [read more]

Miami home prices rose 5 percent in June, year-over-year, marking the fifth lowest increase nationwide, according to the latest S&P CoreLogic Case-Shiller Index. The newly released report, which tracks 20 major metropolitan areas in the country, shows home prices in Miami increased by just 0.4 percent from May to June. From April to May, Miami home prices increased by 0.8 percent, ranking as the 13th highest increase among the top 20 cities. Nationwide, home prices rose 5.7... [read more]

Nearly 16,000 apartments are slated to come online in South Florida this year, but rents are still expected to keep rising, according to a new report. Apartment rents rose annually in Miami, Fort Lauderdale and West Palm Beach in June, according to Marcus & Millichap’s multifamily report. In Miami-Dade, rents were up 8.8 percent in the second quarter, year-over-year, to nearly $1,450 a month. In Palm Beach County, rents increased 3.5 percent to just over $1,500. And in... [read more]

As home prices continue rising in South Florida, so does the minimum salary needed to afford a house. In Miami, the income needed to buy a median-priced home rose to nearly $72,000, according to a report from HSH.com. July marked the 68th consecutive month that single-family home prices have risen in Miami-Dade. The median price of a single-family home in Miami-Dade rose 12 percent annually in July to $335,000, according to the Miami Association of Realtors. HSH, a mortgage and... [read more]