Katherine Kallergis

A family trust sold the nearly half-acre property at 10312 West Broadview Drive to Winston Bay Harbor, according to a source and property records. Priscilla Burstyn of the Baron Agency brokered the off-market deal. Noah Burton, a trustee, signed an agreement outlining the sale that was recorded in May.

Johnston joined One Sotheby's after seven years Julian Johnston, one of the Corcoran Group's top agents in Miami-Dade, left the brokerage and joined One Sotheby's International Realty, The Real Deal has learned.

Ellison acquired the 2.2-acre southern portion of the property at 1960 South Ocean Boulevard from developer Stewart Satter. Satter sold the other piece to WeatherTech mogul David MacNeil for $32 million. That deal closed earlier this summer. Satter planned a $285 megamansion on the 4-acre property.

The situation is so dire that the Marquis Miami Condominium Association is asking a judge to appoint a receiver to take over control, the lawsuit alleges. The association is suing New York-based Madison , its affiliates, the former owner's entities, Think Hospitality and the Marquis Master Association. Think Hospitality manages the hotel component of the property at 1100 Biscayne Boulevard.

Alexander family's security firm is seeking $128K The Alexander family's Kent Security is looking to collect on unpaid bills, and its latest target is developer Michael Stern.

At the end of the second quarter, the number of new leases (13,774) surpassed the number of apartments completed (12,751), marking the first time in three years that demand has outpaced supply, according to CoStar. At the depth of the oversupply, new leases trailed completions by 56 percent, so the market has definitely improved.

Can the developer pull off his two remaining projects in Miami?

Jessica Taylor of “Owning Manhattan” left Serhant and joined Douglas Elliman, moving to South Florida from New York last weekend.

Fannie Mae retired its mandatory PERS (Project Eligibility Review Service) review requirement for new condo projects in Florida. It also retired its limited review process, which allowed lenders to approve conventional mortgages without a deep dive into a condo association's finances. Meanwhile, Freddie Mac retired its streamlined review process.

Last week, an affiliate of Miami-based PMG sued 398 NE 5th Street Condominium Association, the property management firm RealManage and Steve Hardee, alleging the association has been running a fraudulent scheme to take unit owners' fees that are owed to PMG.