Miguel Porto Real Estate

10/16/2026

The Riviera Country Club in Coral Gables is letting 10 of its waitlist-burdened members jump the line for a price “not considered excessive”: $2 million.

Sources say several people on the 150-person waitlist already expressed interest in the non-voting membership — a sign that the ultra-wealthy’s frenzy for private clubs won’t end anytime soon. Read more out Miami's latest luxury perk at the link in the comments.

10/10/2026

10/04/2026

10/03/2026

Backed by a $2 billion donation from Citadel founder and CEO Ken Griffin, the future Miami campus will be a base where the Pittsburgh-based university will help shape the next generation of leaders. Full story here https://www.bizjournals.com/southflorida/news/2026/09/30/carnegie-mellon-miami-what-we-know.html

09/17/2026

Real estate has spent years waiting for interest rates to come down. Instead, the Fed just raised them.

The Federal Reserve lifted its benchmark rate to 3.75%-4% Wednesday, marking its first rate hike since July 2023.

For an industry already grappling with expensive debt, stalled deals and a frozen housing market, the move raises a bigger question: How much longer will the wait for cheaper money last?

Read more at the link in comments on the Fed’s decision and what it could mean for commercial and residential real estate.

08/20/2026

A Russian businessman achieved a $50 million return on investment in just four years, after selling his waterfront Miami Beach mansion in an off-market deal.

Ilya Karpov, former general director of one of Russia’s largest grain producers, bought the 2740 North Bay Road property in 2022 for $20.6 million. LLCs tied to Karpov just sold the 0.6-acre, two-story mansion to a trust for $72 million.

The trade is North Bay Road’s most expensive home sale of this year.

Go inside the deal and see what makes the home so pricey at the link in the comments.

08/20/2026

No good deed goes unpunished. Corcoran, Corcoran Sunshine Marketing Group, and Brown Harris Stevens are learning that the hard way, according to a recent lawsuit.

The brokerages are suing developer Circle F Capital for allegedly stiffing their brokers out of $450,000 on commissions for their work on 1 Park Row, even though the brokers agreed to significantly reduce their commission to accommodate the developer’s “purported cash problems.”

The dispute comes as the developer is engaged in other legal battles – which may be linked to the missing cash. Dive into the alleged drama pitting luxury against luxury at the link in the comments.

08/20/2026

A broker with ties to billionaire Citadel CEO Ken Griffin was behind a condo buyout in Miami’s Wynwood district – where Griffin also made a splashy office buy earlier this year.

Broker Mario Borda manages the five companies that carried out the Wynwood Lofts buyout, with 22 units at the 250 Northwest 23rd Street building selling for $919,515 per unit.

Borda worked on Griffin’s behalf for a 2024 Brickell condo buyout, as the billionaire was developing a nearby supertall.

See how the dots may connect at the link in the comments.

07/11/2026

For Sale: 2 bed, 2 full baths Condo located at 7900 Harbor Island Dr Unit 610North Bay Village, FL 33141 for $535,000. MLS # A12050686. Welcome to this beautifully maintained 2-bedroom, 2-bath residence at the prestigious 360 Condominiu...Click to READ MORE

07/01/2026

Silicon Valley's biggest names are bringing record wealth to Florida, helping turn Miami into America's next tech capital.

Billionaire investor Peter Thiel's historic Brickell office lease — and Florida's business-friendly tax climate — are fueling a growing migration of tech founders and companies away from Silicon Valley.