Developers’ pick Eileen Higgins is Miami’s next mayor

The real estate industry rallied around frontrunner Eileen Higgins in the Miami mayoral runoff, and it paid off. The ex-Miami-Dade County Commissioner defeated Emilio Gonzalez, a former city manager, by an 18-point margin on Tuesday. Higgins nabbed 59 percent of the vote compared to 41 percent for Gonzalez, who entered the runoff facing an uphill battle. In the Nov. 4…

Eileen Higgins Elected Next Mayor Of Miami With Real Estate’s Backing

More than 120 years after Miami was founded by a woman, the city has elected its first female mayor. Former Miami-Dade County Commissioner Eileen Higgins won a runoff election Tuesday night by a nearly 20-point margin against former Miami City Manager Emilio Gonzalez. The outcome was somewhat expected after Higgins gained 36% of the vote in a crowded general election…

Real Estate Lines Up Behind Higgins In Miami Mayoral Runoff

Developers have overwhelmingly chosen their preferred candidate to win Tuesday’s runoff election for the next mayor of Miami. Eileen Higgins — who served eight years in the Miami-Dade County Commission representing Liberty City, Little Haiti, Overtown, Wynwood, Edgewater and the Upper East Side before resigning to run for mayor — has pulled in nearly 10 times…

Developer shrinks resi plans near Naranja, opting for townhomes

A developer scaled back his plan for a 500-unit project with mostly apartments near Naranja to a 245 townhome complex, citing higher demand for larger homes. Attorney Gus Deribeaux, through two entities, wants to develop the townhomes on a 17.3-acre mostly vacant site on the southwest corner of Old Dixie Highway and Southwest 280th Street in unincorporated Miami-Dade…

Steve Ross backs South Florida air-taxi network

In a not too distant future, financiers in Steve Ross’ West Palm Beach office towers will be able to leave work and zip down to his Hard Rock Stadium in Miami Gardens in less than 30 minutes. They will ride, Jetsons-style, in Archer Aviation air taxis, thanks to the billionaire Related Ross chairman’s partnership with the San Jose, California-based company, the…

Developer preps Florida City resi project with $8M-plus bond

A residential project with 446 homes in Florida City will be partly financed through a Community Development District. Zamora Corporation proposed the Old Town Floridian CDD on the northeast corner of Southwest 336th Street and Southwest 192nd Avenue/Tower Road, according to Zamora’s filings to Miami-Dade County and the project’s website. The site, which is vacant…

Crescent Real Estate buys discounted Coral Gables office building for $70M

Crescent Real Estate bought the Ryder Colonnade office building in Coral Gables for $70.4 million, marking a 13 percent discount from its price over a decade ago. Fort Worth, Texas-based Crescent bought the 11-story building at 169 Coral Way from AEW Capital Management, according to records. The buyer borrowed a $67.9 million loan from FS Credit Originator, in the…

Lease roundup: Miami Freedom Park scores first tenants, Cardone attracts Craft Miami restaurant to Flagler Village

Miami Freedom Park scored three retail tenants for more than 125,000 square feet. Fever, a live entertainment platform that curates large cultural events, preleased 30,000 square feet; Tiger Woods-backed miniature golf venue PopStroke preleased 75,000 square feet; and urban and eco-tourism firm ToroVerde preleased 24,000 square feet for an adventure park, according to…

Towers in Sunny Isles Beach are sinking more than engineers expected

A handful of towers in Sunny Isles Beach are sinking much more than expected, raising questions about whether monitoring settlement should be a requirement across South Florida’s barrier islands. The Miami Herald examined dozens of engineering reports covering the majority of the city skyline. Experts told the publication that it’s difficult to determine how much…

Integra pitches $386M deal to remake Miami-Dade public housing site

Integra Solutions wants to take on one of Miami-Dade’s biggest public housing overhauls, proposing a $385.9 million redevelopment that would quintuple density on a 12-acre Brownsville site while layering in a wide spread of income-restricted units. The Miami-based developer is asking the county for a 99-year ground lease and master development agreement to raze and…

Tiger Woods-Backed Mini-Golf Concept Leads First Group Of Retailers At Miami Freedom Park

Two massive experiential retailers will be among the first businesses open next to the upcoming stadium for Miami’s Major League Soccer team, Inter Miami CF. The $1B Miami Freedom Park project has signed three retailers to a combined 120K SF of leases at the 131-acre campus: global live-entertainment company Fever, Tiger Woods-backed golf entertainment venue…

South Florida Retail Feeling A Chill This Holiday Shopping Season

The holiday shopping season is a time when retailers typically cash in as Americans rush to find the perfect gifts for their loved ones. But this year, Santa’s sleigh may be running a bit light as shoppers pull back on spending and South Florida retailers settle into a softening market. Amid broader economic uncertainty and declining consumer confidence, retail…

Plans Filed For 955 Foot Tall Tower At 130 Biscayne Boulevard In Downtown Miami

Plans have been filed with Miami-Dade County for a 955 foot mixed-use tower at 130 Biscayne Boulevard, designed by Foster + Partners with Revuelta Architecture serving as architect of record. The development is led by New York City based RFR Realty and also encompasses the properties at 130 Biscayne Boulevard, 146 Biscayne Boulevard, and 141 NE 3rd Avenue. The…

Acquisition Announced For Art Deco Marela Boutique Hotel At 310 Meridian Avenue In Miami Beach

SP Media Group, led by Steven Paul, has announced the acquisition of the Art Deco Marela Boutique Hotel, a 17 room, 8,884 square foot property located at 310 Meridian Avenue in Miami Beach’s South Beach neighborhood. The transaction expands Paul’s real estate holdings within the hospitality sector and follows his recent purchase of Avenue Six Studios in Van Nuys…

Miami Center for Mental Health nearing an opening OK

The Miami-Dade County Appropriations Committee is set to vote this week on the long-delayed Miami Center for Mental Health and Recovery’s operating plan, which, if approved, could see the center finally up and running within four to six months. The vote would mark a key step in launching the first-of-its-kind, comprehensive diversion and treatment facility. Once…

Miami-Dade County leaves 6-inch gap dividing 26.5-mile urban trail

Miami-Dade County came within six inches of creating a 26.5-mile-long urban trail for bicycles and pedestrians before a linkage of the Underline, Snapper Creek and planned Ludlam trails got snarled in commission parochialism that left a half-foot gap in the pathway last week. The inability to close the gap between two commission districts in public left other…

New Renderings Showcase Amenities at Avenia Aventura, Interiors by FENDI Casa

Avenia Aventura, Interiors by FENDI Casa, a planned condominium building at 20605 NE 34th Avenue in Aventura, has released a new collection of renderings showcasing its amenity spaces. The 22-unit waterfront development is being led by Vertical Developments, with interiors by FENDI Casa and architectural design by Kobi Karp Architecture and Interior Design. The…

City of Miami Proposal Would Open Hundreds of Civic Sites to Housing Development

A sweeping zoning overhaul headed to the Miami City Commission on Thursday could trigger a broad upzoning across the city by allowing residential development — without public input or review — on hundreds of civic, religious, school, nonprofit, and government-owned properties. Under the proposed ordinance, any property zoned “Civic Institution” (CI) and…

Miami-Dade County, Related Urban Break Ground on 316-Unit Mixed-Income Development

MIAMI — Miami-Dade County and Related Urban Development Group, the affordable and workforce housing arm of Related Group, have broken ground on The Residences Palm Court, a 316-unit mixed-income and intergenerational housing community in Miami. Home Investment Partnerships Program (HOME) will provide $3.5 million in funding for the redevelopment project. Completion…

Waldorf Astoria Hotel & Residences Miami Reaches Construction Milestone as Superstructure Passes the 50th Floor

Property Markets Group (PMG) has announced a major construction milestone for the Waldorf Astoria Hotel & Residences Miami at 300 Biscayne Boulevard. Miami’s first supertall tower has completed the concrete pour for its 50th level, marking the halfway point of vertical construction for the planned 100-story, 1,049-foot structure. Once completed, it will become…

PortMiami Announces Banner Year For Growth In Cargo TEU Volumes And Cruise Operations

PortMiami’s dual achievements highlight its dynamic role as both a cargo and cruise powerhouse, contributing billions to the local economy while advancing a future-ready vision of innovation, resiliency, and global connectivity. The post PortMiami Announces Banner Year For Growth In Cargo TEU Volumes And Cruise Operations appeared first on Miami Airport Warehouses.

Limestone Asset Management and Orion Real Estate Group Sell Renovated Pinecrest Town Center for $42.5 Million

Pinecrest Town Center, a mixed use retail and office property at 12651 South Dixie Highway in Miami Dade County, has been sold by Limestone Asset Management and joint venture partner Orion Real Estate Group for 42.5 million dollars. The transaction follows the completion of a comprehensive renovation of the property in early 2024. Eric Williams of Newmark represented…

905-Unit Mixed-Use Development Proposed for 2200 NW 57th Street in Miami

Miami-based Integra Solutions is spearheading a multi-phase development set to reshape the city’s Brownsville neighborhood. The project involves redeveloping the 144-unit Annie Coleman 15 and replacing it (and the surrounding parcels) with 905 residences: 303 in the first phase, 332 in the second phase, and 270 in the final phase. Specifically, there would be…

Avara Residences Debut at 3900 Alton Road with 178 Rental Homes in Miami Beach

Mast Capital and Rockpoint have debuted AVARA Residences, an 8-story development with 178 rental homes at the entrance to Miami Beach. The mid-rise structure is designed by Arquitectonica with interiors by CID Design Group and landscape architecture by Within Hults + Partners. The project, located at 3900 Alton Road, is near the Julia Tuttle Causeway and offers a…

The Residences Palm Court Breaks Ground At 950 NW 95th Street In North Miami Dade

Construction has begun on The Residences Palm Court, a 316-unit mixed-income development at 950 NW 95th Street in the West Little River neighborhood of North Miami-Dade. The project is led by Related Urban Development Group, the affordable and workforce housing arm of Related Group, in partnership with Miami-Dade County. The development is partly funded by $3.5…

‘The North Miami Hotel & Convention Center’ Proposed for 13950 N.W. 6th Court in North Miami

The City of North Miami will consider plans for a hotel/convention center on Tuesday. The North Miami Hotel & Convention Center would measure 20 stories above grade and comprise close to 545,000 square feet of new construction. If approved, the multi-million-dollar venture would replace multiple single-family homes on a 0.75-acre plot. Current plans call for…

A Series of Major Residential Developments Advance in Miami’s Edgewater Neighborhood

Multiple residential projects are moving forward across Miami’s Edgewater district, continuing the neighborhood’s transformation into one of the city’s most active development corridors. New filings, brand announcements, and design releases illustrate a broad mix of architectural styles and scales, ranging from boutique waterfront buildings to large high-rise…

Mast Capital, Rockpoint Deliver 178-Unit Luxury Apartment Complex in Miami Beach

Mast Capital and Rockpoint have delivered Avara, a 178-unit luxury apartment community located in Miami Beach. The eight-story community features one- to three-bedroom floorplans ranging in size from 560 square feet to 1,410 square feet, as well as penthouse suites. Monthly rental rates begin at $3,200. Designed by Arquitectonica, CID Design Group and Within Hults +…

Construction Reaches Third Floor of ‘Eco Landing’ at 1601 NW 18th Street in Miami

Miami-based EcoStone Group is advancing on a mid-rise multi-family housing project in its home city. Vertical construction has reached the eight-story building’s third floor, with the entire project expected to top out in the first quarter of 2026. Upon completion, Eco Landing (called “Ecolanding” by some sources) will feature 125 units, with the average unit…

Allen Morris Co. Obtains $138.5M Construction Loan for Coconut Grove Mixed-Use Project

Allen Morris Co. has obtained a $138.5 million construction loan for Ziggurat, a mixed-use development located at 3101 Grand Ave. in Miami’s Coconut Grove neighborhood. Faisal Ashraf of Lotus Capital Partners arranged the loan through BDT & MSD Partners and BHI, the U.S. bank of Israel-based Bank Hapoalim. Further details of the financing were not released.

Riverside Wharf Breaks Ground At 114 Southwest North River Drive In Downtown Miami

Riverside Wharf breaks ground today in Downtown Miami. Developed by MV Real Estate Holdings (MVREH) and Driftwood Capital, in partnership with Merrimac Ventures, the $350 million hospitality-driven complex will rise along the Miami River with two towers designed by Jon Cardello of CUBE 3 Architects. Gensler is completing the construction documents and interiors are by…

Cain and OKO Group Secure $630 Million Refinancing for 830 Brickell

Cain and OKO Group have secured a $630 million refinancing for 830 Brickell, a 57-story Class A office tower at the heart of Miami’s Brickell Financial District. The new financing package, led by Goldman Sachs and J.P. Morgan Chase, replaces the prior construction bridge loan from TYKO Capital provided in July 2024.

Core, James Resnick pick up Publix-anchored center in Plantation for $53M

Core Investment Properties Fund and a partner bought a Publix-anchored shopping center in Plantation for $53 million. Grocery-anchored retail plazas are hot commodities in South Florida, as the asset class has proven resilient to e-commerce and other market headwinds. Miami-based Core and Miami Beach-based investor James Resnick purchased the 184,300-square-foot…

Ortsac buys Pembroke Pines multifamily at discount for $53M

Ortsac Capital Group bought a 206-unit apartment complex in Pembroke Pines for $52.5 million, marking a slight discount from its purchase price six years ago. The deal at a 5.6 percent discount comes amid higher interest rates and South Florida’s multifamily market slowdown compared to the post-pandemic boom. Ortsac, led by married couple Bobby and Sofia Castro…

Revv Hollywood Marks Completion Following Issuance of Temporary Certificate of Occupancy

Revv Hollywood has reached completion in the heart of Hollywood, with The Calta Group announcing that the eight-story multifamily development has received its Temporary Certificate of Occupancy from the City of Hollywood. The milestone, issued on December 1, allows the contemporary community to begin welcoming residents as part of the city’s ongoing urban…

Greystar, Artemis buy Palm Beach Gardens age-restricted apartments for $69M

Greystar and Artemis Real Estate Partners bought a 220-unit age-restricted apartment complex in Palm Beach Gardens for $69.4 million. Charleston, South Carolina-based Greystar and Chevy Chase, Maryland-based Artemis bought the Everleigh Palm Beach Gardens at 3660 RCA Boulevard from United Group of Companies and Sina Companies, according to records and real estate…

Greystar, Artemis Buy Palm Beach Senior Apartment Complex

The nation’s largest apartment landlord has added a Palm Beach Gardens senior housing community to its portfolio Greystar and Artemis Real Estate Partners purchased the 220-unit Everleigh Palm Beach Gardens apartment complex from Sina Cos. and United Group of Cos. for $69M, according to property records provided by Vizzda. The buyers borrowed $50M from PGIM Real…

Greystar, Artemis Buy Palm Beach Senior Apartment Complex

The nation’s largest apartment landlord has added a Palm Beach Gardens senior housing community to its portfolio Greystar and Artemis Real Estate Partners purchased the 220-unit Everleigh Palm Beach Gardens apartment complex from Sina Cos. and United Group of Cos. for $69M, according to property records provided by Vizzda. The buyers borrowed $50M from PGIM Real…

Minto Communities USA Announces New Westlake Neighborhood, The Oaks, With 266 Planned Homesites

Minto Communities USA has announced The Oaks, a new residential neighborhood within the City of Westlake. Opened December 6 and located off River Bend Drive, the community will include 266 single-family homesites in its first phase, with only 19 sites available in the initial release. Prices will start in the mid $400s. The Oaks introduces two new architectural…

Pulte Homes Announces The Domaine at SoSo, A Boutique Townhome Community In West Palm Beach

Pulte Homes is preparing to break ground on The Domaine at SoSo, a boutique townhome community planned for West Palm Beach’s SoSo District. The 1.5-acre site is located near Southern Boulevard and Dixie Highway and will yield 30 three-story residences. The development will feature homes ranging from 1,933 to 2,043 square feet with three bedrooms, two-and-a-half…

“You’d be an idiot not to”: Multifamily owners tap Live Local tax breaks

At his Douglas Enclave apartment building in Miami’s Little Havana, developer Henry Torres cut rents for some of the 199 units. Yet, his bottom line took no hit. After completing the project in 2023, Torres decreased annual rates by an average of $3,000 and recouped the loss through a roughly $4,500 property tax break per reduced unit awarded by the Live Local Act.

Property-tax cuts move forward despite worries over emergency services

Florida Republicans moved forward four proposals to reduce property taxes in the state, in spite of growing fears of funding impacts to local and emergency services. The House State Affairs Committee approved four proposed constitutional amendments this week, CBS News reported. Among them is HJR 201, which would eliminate non-school homestead property taxes and could…

CRE Braces for Increased Costs From Fed Changes: NYU Schack Panelists

The commercial real estate market may face the prospect of higher borrowing costs even as President Donald Trump places downward pressure on the Federal Reserve, leading lenders stressed at the 58th annual New York University Schack Institute of Real Estate Capital Markets conference Wednesday. While the Fed is expected to lower short-term interest rates at its…

Rent Cuts Continue in the U.S. Apartment Market as Occupancy Falls Below 95%

Rent cuts persisted across the U.S. apartment market in November, as occupancy fell below the essentially full mark. But rent cuts, at least, aren’t getting any more intense. After four consecutive months of mild decline, occupancy fell to 94.8% in November, according to data from RealPage Market Analytics. U.S. occupancy was 10 basis points (bps) below the October…

Walmart and Alquist strike landmark deal, jump-starting 3D-printed commercial real estate

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

Commercial real estate deal volume drops for the first time in nearly two years

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

Capital Flows Into Office Sector as Markets Reset

Gain a clear view of where office investment is positioned for success in 2025. Our latest infographic showcases the Top 10 U.S. markets driving growth and shaping the future of the sector. Key highlights include: This document and the information provided herein has been prepared by Colliers for advertising and general information only. Colliers makes no guarantees…

Video: PwC’s Andrew Alperstein Discusses Emerging Trends in Real Estate 2026

Emerging Trends in Commercial Real Estate: Navigating Uncertainty and Opportunity The commercial real estate landscape is a dynamic and ever-evolving sector that requires constant vigilance and adaptability. This was the central theme of a recent episode of America’s Commercial Real Estate Show, where the show’s host engaged in a comprehensive discussion with…

Sale Arranged of 3 MSF Industrial Portfolio Across Eight States for ACRE

CBRE has arranged the sale of a 20-property last-mile distribution and light-manufacturing industrial portfolio across eight states. New York City-based Ares Commercial Real Estate Corp. (NYSE: ACRE) acquired the portfolio, which spans more than 3 million square feet. Brian Fiumara led CBRE’s National Partners team in marketing the portfolio and representing the…

Overtown’s tallest tower at 55 stories to have micro units

A skyscraper is coming to Overtown in Miami, bringing affordable housing including micro dwelling units. Applicant David Om LLC plans the 55-story mixed-use residential tower for a site at 1210 NW Second Ave. in the historic Overtown neighborhood. It would be the tallest building there and bring 498 residential units, amenities, and a colorful parking podium adorned…

Miami Trump library back on track after college board vote redo

Miami Dade College’s board of trustees doubled down on its controversial plan to hand over a prime downtown parcel for Donald Trump’s $950 million presidential library. The board unanimously reapproved the land transfer on Tuesday at a packed morning meeting in Hialeah, the Miami Herald reported. The redo vote resulted from a pending lawsuit alleging the college…

Private equity firm Gaia moves HQ from NYC to Miami, bets on rental homes

Gaia Real Estate moved its headquarters from New York to Miami, as it focuses on investment in South Florida’s multifamily market. The move comes after a slowdown of the influx of out-of-state companies to South Florida, which reached an apex in the three post-pandemic years. Gaia’s heightened investment in the Magic City also comes at a questionable time for the…

OKO, Cain score $630M refi for 830 Brickell amid South Florida lending flurry

Vlad Doronin’s OKO Group and Cain International scored a $630 million refinancing for their 830 Brickell office tower. The deal comes amid strong lending in South Florida, despite higher interest rates. Lenders led by Goldman Sachs and J.P. Morgan Chase provided the refinancing, which replaces the $565 million construction bridge loan that OKO and Cain scored last…

St. Regis Sunny Isles construction loan boosted to $418M

Edgardo Defortuna’s Fortune International Group and Manuel Grosskopf’s Château Group closed on additional financing for their under-construction St. Regis Residences in Sunny Isles Beach. Little Rock, Arkansas-based Bank OZK increased the existing loan by over $200 million to $418.3 million, completing the project’s construction financing, according to property…

Remembering Robert A.M. Stern: A look at the starchitect’s South Florida projects

Robert A.M. Stern died last week at the age of 86, leaving behind the legacy of a 60-year career designing schools, libraries, museums, and, most notably, condos. The founder of Robert A.M. Stern Architects (RAMSA) built a career out of making new things that feel old. He is best known for his prewar inspired works in New York City, including the Zeckendorfs’ 15…

Allen Morris scores $139M construction loan for Coconut Grove project

Allen Morris Company secured a $138.5 million construction loan for its mixed-use Ziggurat development in Coconut Grove, The Real Deal has learned. Coral Gables-based Allen Morris and its partner, the Espinosa family that owns the property at 3101 Grand Avenue, secured the financing from BDT & MSD Partners and BHI, the U.S. arm of Israel-based Bank Hapoalim, according…

Aventura Mall owners Turnberry and Simon grow holdings with $131M purchase of Esplanade project

Aventura Mall owners Turnberry and Simon Property Group are taking over an adjacent office and retail complex that was previously home to a Sears store. Aventura-based Turnberry, led by Jackie Soffer and Indianapolis-based Simon, led by CEO David Simon, bought the previously named Esplanade at Aventura, a 219,000-square-foot mixed-use project at 19505 Biscayne…

Lease roundup: Rivani scores ice cream shop at Miami Beach’s Lincoln Theatre

A Greek yogurt ice cream shop will open its first U.S. outpost at Robert Rivani’s Lincoln Theatre building in Miami Beach. MYKA will open a 550-square-foot shop on Dec. 8 at Lincoln Theatre, according to a news release from Rivani’s eponymously named firm. Founded in Madrid by Natalia Morales and Javier Ezquerro, MYKA has outposts in 16 countries in Europe, the…

Distress call: Foreclosures threaten 13 South Florida dev sites

The last couple of years have been rough on developer Brian Tuttle. In December 2023, faced with a maturity date on three loans totaling $38.4 million secured by a Royal Palm Beach development site, Tuttle was on the hunt for new lenders to refinance the debt, and new equity partners that could provide capital to break ground on his 38-acre mixed-use project…

How the Chraibi brothers supercharged their south Miami-Dade workforce housing development

On the edge of Miami-Dade County’s built world, where single-family home subdivisions plateau into open expanses, sits a 90-acre tract. The land in south Miami-Dade is neatly carved into distinct uses: one parcel planted with row crops such as soybeans, another devoted to a palm tree farm, a third to an avocado orchard and a fourth to a nursery for a variety of…

JPMorgan acquires Miami Beach branch building on Alton Road for $24M

JPMorgan added another South Florida commercial property to its real estate portfolio, spending a combined $77 million this month after acquiring a Miami Beach bank building and a Coral Springs shopping center. In the most recent deal, the New York-based bank, led by CEO Jamie Dimon, paid $23.5 million for the 25,030-square-foot building housing JPMorgan’s Chase…

Archer Reveals Plans for Miami Air Taxi Network Featuring Partnerships With Related Ross and Magic City Innovation District

Archer Reveals Plans for Miami Air Taxi Network Featuring Partnerships With Related Ross and Magic City Innovation District Archer Aviation (NYSE: ACHR) today revealed its plans for a Miami metropolitan area based air taxi network designed to transform how residents and visitors move across one of the nation’s fastest growing regions. Archer’s goal is to connect…

CP Group Announces Over 50,000 SF in New Leasing Momentum at Miami Tower

CP Group Announces Over 50,000 SF in New Leasing Momentum at Miami Tower Full-floor new-to-market tenant and multiple renewals reinforce landmark skyscraper’s position as a modern, amenitized workplace destination CP Group, an owner-operator of office properties across the Sunbelt, along with DRA Advisors, today announced that it has executed over 50,000 square feet…

Turnberry, Simon Buy Aventura Retail Asset for $131M

Turnberry Associates and Simon Property Group have acquired Esplanade at Aventura, a 219,000-square-foot open-air mall in Aventura, Fla., Bloomberg reported. Seritage Growth Properties sold the asset for $131 million. The retail property is adjacent to Aventura Mall, also owned by the buyers. Turnberry had been in talks to acquire the asset since 2016, according to…

Namdar Gets $460M Loan for Downtown Miami 1,400-Unit Residential Project

Namdar Group has secured $460 million in financing for a two-building multifamily development in Miami’s central business district downtown area that will bring nearly 1,400 residential units to the market. This project is broken down into two phases: 55 NE 2nd Street (Phase one) and 50 NE 3rd Street (Phase two). The first portion is nearing the delivery of 680…

Miami rental apartment market cools off, but still ranks among nation’s priciest cities

The Miami rental apartment market is showing declines in price but remains one of the most expensive cities in the nation, according to Zumper’s National Rent Report for November. Miami now ranks as the sixth-most expensive city in the U.S. for renters. The overall median rent across all property types in the metro area stands at $3,000. Despite the general decline…

Naftali Group Tops South Florida’s Largest C-PACE Loan For Miami Worldcenter Residential Project

Naftali Group landed $465M in financing for the construction of a 67-story, 700-foot condo and apartment tower in Miami Worldcenter, $235M of which was Commercial Property Assessed Clean Energy financing. The New York-based company, led by Miki Naftali, partnered with Nuveen affiliate Nuveen Green Capital — which provided the C-PACE financing. Bank Hapoalim…

Turnberry, Simon Drop $131M On Retail Across From Aventura Mall: The South Florida Deal Sheet

Turnberry and Simon Property Group teamed up to expand their holdings around the Aventura Mall with the purchase of an adjacent retail site. The pair purchased the 219K SF open-air retail center adjacent to the mall for $131M, a representative for Turnberry confirmed to Bisnow. Seritage Growth Properties developed the Esplanade Aventura out of a former Sears store…

Real Estate Clan Expands Aventura Bet With $131 Million Deal

Turnberry Associates, a South Florida real estate firm run by a branch of the Soffer family, acquired an open-air retail area adjacent to its massive Aventura Mall. The purchase of the 219,000 square-foot area along with partner Simon Property Group was for $131 million and adds outdoor shopping space to an expanding real estate empire. Turnberry expects the ring road…

Medical offices demand shifts to Coral Gables

With the Kendall area approaching saturation, Coral Gables has emerged as a key beneficiary of heightened demand for medical offices. Kendall’s medical office market has tightened significantly, with vacancies dropping to just 3.9% during this year’s third quarter, according to Colliers South Florida. With only 3.8 million square feet of inventory and no new space…

Wider Old Cutler Trail pedestrian and bike bridge on the way for South Miami-Dade

A major infrastructure project to improve mobility and safety for pedestrians and cyclists along the Old Cutler Trail in South Dade is expected to be completed by the summer of 2026, according to a news release. The Snowden Pedestrian Bridge is being constructed just north of Southwest 174th Street over the Cutler Drain Canal (C-100), replacing an existing bridge…

Massive Signature Bridge project in downtown Miami still has four years to go

Another 12 months of near non-stop highway construction in the City of Miami is coming to an end, shaping new swaths of steel and concrete through downtown. The Florida Department of Transportation (FDOT) is touting significant progress on the multi-million-dollar venture. In an email to Miami Today, Cynthia Turcios, FDOT District Six communications specialist…

Little River neighborhood has new community hub

Miami’s Little River neighborhood has welcomed a new community destination hub built on togetherness and connection called The Triangle. Designed to be a relaxed, open-air gathering place where kids can play, parents can unwind, and neighbors, friends, and creatives can come together, The Triangle at 200 NE 62nd St. introduces evenings filled with music, lawn games…

Bryan Calvo: Hialeah’s youngest mayor ever prepares to make major changes

Poised to be sworn in this January, Bryan Calvo will become the youngest mayor in Hialeah’s history, leading the city he has called home his entire life. Born and raised in Hialeah, he attended public school, graduating as valedictorian from Westland Hialeah Senior High.  From an early age, Mr. Calvo felt a call to public service, earning numerous awards and…

Resia Opens 420-Unit Apartment Community in Miami ‘Resia Golden Glades’

Resia has opened Resia Golden Glades, a 420-unit apartment community located at 15955 N.W. 6th Ave. in Miami. The property features prefabricated bathrooms and kitchens with full electrical and plumbing that Resia developed off-site at its manufacturing facility in Fairburn, Ga. Situated on Miami’s northern end, Resia Golden Glades offers a mix of one-, two- and…

Five-Story Mixed-Use Project Proposed for 7777 N.W. 17th Avenue in Miami

A South Florida-based developer wants to proceed with a low-rise mixed-use project in Gladeview, a suburb of the Miami metropolitan area. Work Force 17 LLC’s project would measure five stories above grade, comprising just over 156,000 square feet of new construction – the bulk of which would be 135,243 square feet of self-storage space. The remaining square…

City Proposal Could Green Light Special Event Use at The Hangar in Coconut Grove

City of Miami officials are proposing a new law that could pave the way for The Hangar at Regatta Harbour to function as a full-scale commercial event venue – a use critics say is neither in keeping with the operator’s lease obligations for the city-owned facility nor allowable under the city’s existing code. The ordinance, set for review on Tuesday by the…

Six-Story Workforce Housing Project Proposed for 14490 S.W. 264th Street in Homestead

A single-family home constructed in 1993 could be replaced with a low-rise workforce housing development in Naranja. Plans call for a six-story building with 37 apartments, with the average unit measuring 646 square feet. Miami-Dade County defines workforce housing as housing reserved for tenants earning within 30 to 140 percent of the County’s area median income…

Gables Village, Phase 3 of the University of Miami’s Housing Facilities Strategic Plan, To Replace Mahoney-Pearson Residential College in Coral Gables

The University of Miami is planning a two-building student housing complex named Gables Village that forms Phase 3 of the institution’s Housing Facilities Strategic Plan on the Coral Gables Campus. The project, designed by Arquitectonica, will replace the existing Mahoney Pearson Residential Colleges and Commons at 1201 and 1101 Stanford Drive. A Campus Master Plan…

Developer Plans Grocery Store and Apartments for 805 W Flagler Street in Miami

Brookstone 805 Flagler LLC, a joint venture between Cornerstone Group and Brookstone Partners, hopes to move forward with a mid-rise project in Little Havana. 805 Flagler would measure eight stories above grade, requiring close to 536,000 square feet of new construction. It would host 354 studio, one-bedroom, and two-bedroom apartments, ranging from 514 to 1,081…

Inter Real Estate Fund Delivers Golden Glades Multifamily Property in North Miami

The Inter Real Estate U.S. Fund (IREUS), managed by Inter Asset, announced the on-time completion and grand opening of Resia Golden Glades, a 420-unit multifamily community at 15955 NW 6th Avenue in North Miami. A ribbon-cutting ceremony brought together local authorities, investors, and company representatives to mark an important milestone in the fund’s expanding…

20-Story ‘Ocean Terrace’ to Break Ground Next Year at 7450 Ocean Terrace in Miami Beach

Florida YIMBY has an update regarding Ocean Terrace, a multi-family housing development we covered in 2021. Construction is set to start on the 20-story tower in Miami Beach next year. Per our report, it will be “unified” with the renovated historic Broadmoor and Ocean Surf properties. Ocean Terrace is set to comprise 76 condos: 52 private residences and 24…

Prologis sells fully leased industrial assets in Davie for $53M in softening market

Prologis lightened its South Florida industrial portfolio after selling three Broward County warehouses for $53.1 million. An affiliate of Arnet Pharmaceuticals, led by CEO Jose Tabacinic, acquired the industrial complex at 2501 to 2555 Davie Road in Davie from San Francisco-based Prologis, led by CEO Hamid Moghadam, records show. The buyer partially financed the…

Coral Springs fever: Maven is latest investor to buy shopping center in Broward City

Retail investors are feverish for shopping centers in Coral Springs. Maven Real Estate is the latest buyer in a string of major retail trades in the northwest Broward County city. An affiliate of Coral Gables-based Maven, led by Marc Schwarzberg and Jose Ortega, paid $40.5 million for Atlantic Crossings, a 197,406-square-foot shopping center at 750 and 819 University…

Housing Authority Proposes Affordable Housing Development for Northwest 16th Court in Pompano Beach

A vacant site in Pompano Beach could be rezoned to make way for a new affordable housing development. The Housing Authority of the City of Pompano Beach wants to proceed with Adderly Cove. The venture would comprise 96 homes for tenants earning up to 80 percent of the area median income (AMI). According to Broward County public records, the county’s median…

Plans Submitted for 6-Story Mixed-Use Development at 811 East Las Olas Boulevard in Fort Lauderdale

Plans have been filed for 811 Las Olas, a six-story mixed-use development proposed at 811 East Las Olas Boulevard in Fort Lauderdale. The 103-foot-tall building is being developed by Coombes Property Group. Morris Adjmi Architects is serving as the design architect, Cube 3 is the architect of record, Architectural Alliance Landscape is the landscape architect, and…

‘Manor Cypress Creek’ Could Offer 422 Apartments at 6700 N. Andrews Avenue in Fort Lauderdale

Miami-based Related Group has plans for an apartment complex in Fort Lauderdale. Manor Cypress Creek is set to measure eight stories above grade and comprise 422 apartments – 62 of which would be designated as workforce housing for tenants earning up to 120 percent of the area median income. According to Broward County records, a four-person household could earn…

Condos, Regulations And The Reinvention Of The Palm Beach Market

The population of Palm Beach is on the rise, driving up housing demand across the board. At the same time, massive new office developments are signing new tenants, and multifamily complexes are selling for millions of dollars more than they were purchased for. “The Palm Beach market is being reinvented,” said Joe Hernandez, partner at local law firm Bilzin…

Why CAM charges are important for property managers

Shared building spaces can help foster a sense of community and show you prioritize occupants’ needs, making common areas’ upkeep a critical part of commercial properties. “Common area maintenance (CAM) fees play a crucial role in managing the shared spaces of neighborhood shopping centers, mixed-use developments and other commercial properties,” said Jake…

FHFA’s 2026 multifamily volume caps signal strong activity

The Federal Housing Finance Agency increased Fannie Mae and Freddie Mac’s multifamily loan purchase caps for 2026. It signals an expected rise in demand for financing and a generally bullish outlook for the multifamily market. The agency loan purchase caps, announced annually, are an important signal of the market outlook for the year to come. The caps also provide…

Southeast Economy Little Changed in Recent Weeks, Beige Book Reports

The new Beige Book from the Federal Reserve Bank of Atlanta reports that economic activity in the Southeast in October and early November was broadly the same as in the previous six weeks. The Federal Reserve has a dual mandate from Congress to pursue price stability and sustainable maximum employment. During the Beige Book reporting period, contacts said prices…

Industrial real estate still the most resilient and strategic asset class in commercial lending

Many real estate asset classes have become more difficult to underwrite. Office leasing is still stabilizing, and retail continues to stratify. Industrial real estate stands out as a resilient asset class in the commercial sector, making it one of the most strategic options for borrowers and lenders in this environment. A unique combination of stability, scalability…

Capital Ideas: Why the Fed’s Still Worried About CRE

While the industry is looking to see what the Fed will do on interest rates next week, a recent report shows the Fed is closely watching banks’ exposure to commercial real estate, especially to office loans. Twice a year, the Fed zeroes in on U.S. banking conditions and regulations and its own bank monitoring practices. The system is generally healthy, according to…

The Inflation Dividend: Testing CRE’s Hedging Capabilities

For decades, commercial real estate has been widely regarded as a useful inflation hedge—a real asset whose income streams and replacement costs should, in principle, rise with the general price level. The intuition is straightforward: Higher construction and labor costs ultimately influence replacement values, while market rents reset over time. Unlike fixed-income…

Would eliminating property taxes in Florida fix housing affordability? Policy experts weigh in

Florida Gov. Ron DeSantis and Republican leaders in the state are calling for the elimination of property taxes in the name of housing affordability. That was the topic up for debate at an event earlier this month at the University of South Florida. In the latest installment of USF’s Debate-A-Bull speaker series, state leaders and policy experts discussed whether…

Insatiable Demand For Data Centers Is Pushing Development To High-Risk Areas

Data centers are the critical infrastructure underpinning the digital age, and even a brief outage can have massive ripple effects. That’s why their developers have historically avoided disaster-prone cities like Houston and Miami. But with an estimated $7T in data center construction needed by 2030 to keep pace with computing demand and a shortage of available…

Multifamily REIT Outlook for 4th Quarter 2025

An analysis of 3rd quarter earnings calls from the six largest multifamily REITs highlights how performance between July and September has influenced the outlook as the year draws to a close. Demand remained largely resilient in major REIT markets nationwide, with many coastal markets benefiting from the AI boom and Sun Belt markets observing occupancy improvements…

U.S. apartment rents drop further with vacancies at record high

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

The warehouse real estate sector is seeing a rebalance nationally. Here’s what to watch for

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

The niche real estate sector that’s luring big money for small kids’ care

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

CRE Outlook Report: Turning Point for Commercial Real Estate

Discover how shifting economic forces, policy changes, and accelerating AI adoption are reshaping the U.S. commercial real estate landscape in 2026. Our Outlook Report breaks down the key trends influencing capital flows, space demand, and sector performance across office, industrial, retail, multifamily, data centers, healthcare, life sciences, and hospitality. With…

Supply Chain Solutions State of the Industry Report December 2025

This quarterly report aims to provide insights into the supply chain and logistics industry by highlighting the latest in freight pricing trends, port capacities, labor dynamics, current events, supply chain best practices. Recent market data from Q3 2025 indicates that even with sharp declines in September and shifting dynamics impacting U.S. port operations…

PPG Development Celebrates Topping Off of Bay Harbor Towers

Construction crews have topped off Bay Harbor Towers, an 8-story luxury condominium development at 10141 East Bay Harbor Drive in Bay Harbor Islands. The waterfront project is being developed by PPG in partnership with its capital partner, L3C Capital Partners. Designed by internationally acclaimed architect Kobi Karp, with interiors by Interiors by Steven G. and…

Video: First American Senior Economist Xander Snyder Discusses if Next CRE Cycle has Begun, What to Expect in 2026

The commercial real estate industry is a complex, ever-evolving landscape influenced by a myriad of economic factors and business cycles. In a recent episode of a popular real estate show, the host engaged in a thought-provoking conversation with Xander Snyder, the senior commercial real estate economist for First American Financial Corporation, to delve into the…

Bank That Signed Miami’s Most Expensive Office Lease Shuttered By Authorities

A year after Banco Master SA signed a lease for nearly $200 per SF to take the remaining 27K SF in Miami’s most sought-after office building, the lender has been shut down by Brazil’s central bank and its controlling shareholder was arrested this week. Banco Master never occupied its space at 830 Brickell after inking the deal last year, and any construction that…

Miami’s Most Expensive Office Abandoned by Failed Brazilian Bank

Banco Master SA, the failed Brazilian bank at the center of a swirling financial scandal, made waves of a different sort last year, when it paid record rent for the last available office space in Miami’s most exclusive skyscraper. Now, instead of moving in, Master Chief Executive Officer Daniel Vorcaro is in custody after local authorities said he was trying to flee…

Naftali Group Secures $465 Million in Construction Financing for JEM Private Residences in Downtown Miami

National real estate development and investment firm Naftali Group is pleased to announce it has secured a combined $465 million in construction loan financing for the development of JEM Private Residences in Downtown Miami. Nuveen Green Capital (NGC), a leader in sustainable commercial real estate financing solutions and an affiliate of Nuveen, provided $235 million…

Naftali scores $465M financing for Miami Worldcenter condo/apartment tower

Naftali Group closed on nearly half a billion in financing for its JEM Private Residences at Miami Worldcenter. The New York-based development firm secured $235 million in C-PACE financing from Darien, Connecticut-based Nuveen Green Capital, and $230 million in traditional construction loans from BHI, the U.S. arm of Israel-based Bank Hapoalim, according to a press…

Trump library redo: Miami Dade College board to hold new meeting on land giveaway

Miami Dade College’s board of trustees is hitting the reset button on a land giveaway for Donald Trump’s planned $950 million presidential library and high-rise complex next to downtown Miami’s Freedom Tower, bowing to a legal challenge that accused the school’s leaders of skirting Florida’s open-government rules. The board will hold a newly noticed public…

University of Miami expands South Florida medical office portfolio with $16M buy

UHealth, the health care division of the University of Miami, continues expanding its portfolio of South Florida medical office facilities after acquiring a Deerfield Beach building for $16.4 million. Coral Gables-based UHealth bought a 45,136-square-foot building at 1192 East Newport Center Drive, records show. The two-story facility is leased to the health…

Is it time for Lincoln Road’s next act?

A familiar face made a big move last week with the $140 million purchase of 11 storefronts on Miami Beach’s Lincoln Road. Michael Comras’ Comras Company plans to redevelop the properties into a 150,000-square-foot boutique shopping district called NoLi — short for North Lincoln Road. In 2015, the retail developer and broker sold 1001-1035 Lincoln Road for $370…

Miami commission moves to double density in Edgewater via resilience fund

Miami commissioners voted to approve on first reading a proposal that would allow developers to double their density in specific neighborhoods, starting in Edgewater. Under the proposal, developers would pay $35,000 per unit into a Resilience Trust Fund for the additional density. Those funds would be used to help pay for flood control and climate projects, like…

Miami City Commissioners Signal Alarm Over Added Density — While Approving Another Increase

The Miami City Commission on Thursday advanced a controversial new ordinance to double allowable housing density in some areas, but not before signaling its growing frustration over runaway growth – fueled by a cascade of new pro-development zoning laws – that many worry is reshaping the city faster than infrastructure or neighborhoods can absorb. “We’re so…

Cannonball! Jeffrey Soffer’s water park at Fontainebleau Miami Beach faces stiff opposition

Billionaire Jeffrey Soffer’s plan for a water park at his Fontainebleau Miami Beach resort is caught in a tidal wave of opposition. At a Tuesday meeting of the Miami Beach Historic Preservation Board, neighboring residents, city activists and board members slammed the proposal to redevelop the 1,504-room oceanfront hotel’s outdoor pool area into a family-oriented…

Bridge Industrial plans 270K sf of warehouses at office site in Doral

Bridge Industrial plans to replace a corporate campus in Doral into nearly 270,000 square feet of warehouses, marking continuing office-to-industrial redevelopment in South Florida. Across the tri-county region, developers are seizing on aging suburban office complexes with plans for new projects, primarily warehouses, with some planning residential developments.

Rooms To Go picks up two retail buildings in Kendall for $30M

Rooms To Go is planning to redevelop two recently acquired retail buildings in Kendall into one of the company’s largest furniture showrooms. “It’s a brand new prototype,” Rooms To Go Vice President Peter Weitzner told The Real Deal. “We are going to demolish what is there and build a huge Rooms To Go store.” An affiliate of Seffner, Florida-based Rooms To…

Miami Beach’s Lincoln Road Shopping Drag Is On the Verge of a Comeback

A decade ago, investor Michael Comras achieved the deal of his career, selling a full block on Miami Beach’s Lincoln Road shopping promenade for $370 million. At the time, the transaction, which included leases with Apple and Nike and rents north of $300 a square foot, was the second-largest real estate sale in Miami-Dade County’s history. This year, Comras…

Miami Multifamily Report – October 2025

The Miami multifamily market maintained its strength, with an overall positive performance. Average advertised asking rates were down 0.2 percent on a trailing three-month basis through August, to $2,500, while the U.S. figure improved just 0.1 percent. Nevertheless, the latest Matrix forecast projects metro Miami rent growth at 0.9 percent for the year. South Florida…

Miami delays multi-million dollar sale of Watson Island land to developers

The City of Miami’s most valuable property asset has dodged a controversial sale — at least for a few more weeks. Watson Island, the site of Miami Children’s Museum and Jungle Island in the middle of Biscayne Bay, has been at the heart of a contentious back-and-forth between developers looking to build luxury condos and hotel space, and the city that owns the…

Miami Delays Vote On $29M Sale Of Watson Island Site After Undervaluation Concerns

The Miami City Commission didn’t pull the trigger on selling off a piece of Watson Island to developers after doubts were raised over whether it was accepting too little. In a 4-1 vote Thursday evening, city commissioners decided to hold off on approving the $29M sale of a property on the south side of Watson Island to a subsidiary of developers Merrimac Ventures…

Jack Nicklaus-Founded Golf Course Developer – Several in South Florida – Files For Bankruptcy In Response To $50M Judgment

Nicklaus Cos. announced it was filing for Chapter 11 bankruptcy after a jury ruled in favor of company founder and golf legend Jack Nicklaus and awarded him $50M in damages. Nicklaus Cos. disagrees with the verdict and is exploring more legal options, with plans to use the Chapter 11 filing to stabilize and preserve its funds, according to a release. The company and…

City of Miami extends Freedom Park lease

Recent revisions to the Miami Freedom Park lease now ensure the developers’ $20 million in funding is dedicated solely to the public park and set a nine-month timeline for delivering its core features, as the park’s opening lags behind the stadium’s. On Nov. 20, Miami city commissioners approved amendments to the Freedom Park lease, ensuring the developers’…

Miami adds $7.5 million to its World Cup funding

Miami is ramping up preparations for the 2026 FIFA World Cup games coming next summer, with the city contributing $7.5 million in in-kind services to support the tournament and related events. During their Nov. 20 meeting, Miami commissioners approved the $7.5 million in-kind contribution to support the upcoming World Cup games, covering city services from police and…

Developer Proposes Affordable Housing Development for 1101 71st Street in Miami Beach

A Florida-based developer has plans for an affordable housing development that would replace a shuttered Chase bank in Miami Beach. Jerika Properties wants to proceed with a 98-unit community that would offer housing to tenants earning up to 80 percent of the area median income (AMI). According to Miami-Dade County records, a one-person household could earn no more…

New York-Based Investment Firm Picks Up Prime Doral Logistics Site

The 2.8-acre site, which is zoned industrial, includes a 12,000-square-foot, two-story main building; a 7,500-square-foot warehouse; and a 2,200-square-foot maintenance shop. The post New York-Based Investment Firm Picks Up Prime Doral Logistics Site appeared first on Miami Airport Warehouses.

Mixed-Use ‘Homestead Commons’ to Replace Haitian Church at 16825 SW 304th Street in Homestead

Developer Bear Atlantic Group (BAG) intends to move forward with a multi-family housing development in Miami-Dade County. If approved, the venture, called “Homestead Commons,” would replace an 11,356-square-foot church. Homestead Commons is set to comprise 426 apartments in eight stories; homes would span one-bedroom apartments to three-bedroom townhouses…

Ackerman & Co. Secures $117M Acquisition Financing for Lincoln Road Retail Redevelopment Project in Miami Beach

MIAMI BEACH, FLA. — Ackerman & Co. has secured $117 million in financing on behalf of locally based Comras Co. for the acquisition of five buildings to complement the north end of Lincoln Road, the retail high street of Miami Beach. Dubbed NoLi (North Lincoln Road), the redevelopment will include 150,000 square feet of boutique retail, dining, wellness and…

Deep and Trench Soil Mixing Completes at The Delmore in Surfside, Clearing Path for Vertical Construction

The Delmore, a 12-story boutique condominium designed by Zaha Hadid Architects with ODP Architects as architect of record, has completed deep and trench soil mixing at 8777 Collins Avenue in Surfside, clearing the way for the master building permit and vertical construction next year. DAMAC International is the developer, and Keller North America led the foundation…

The Final Stretch: Miami Mayoral Candidates Race to the Runoff

The final two candidates competing to become Miami’s next mayor – Emilio Gonzalez and Eileen Higgins – are both running against the status quo, promising to reform a city government they say is corrupt and dysfunctional. The post The Final Stretch: Miami Mayoral Candidates Race to the Runoff appeared first on Coconut Grove Spotlight.

In Their Own Words: Miami’s Two Mayoral Candidates

Mayoral candidates Emilio Gonzalez and Eileen Higgins answered questions last week at a political forum in Little Havana sponsored by the League of Women Voters and the ACLU of Florida. The runoff election is Dec. 9. The post In Their Own Words: Miami’s Two Mayoral Candidates appeared first on Coconut Grove Spotlight.

Bridge Industrial to Redevelop Doral Office Park Into 268,702 SF Industrial Complex

Bridge Industrial has recently received approval to redevelop a 16-acre office park located at 7775 N.W. 48th St. in Doral into Bridge Point Doral 826, a 268,702-square-foot, two-building industrial complex. The conversion project will transform the 1970s-era suburban office park in metro Miami’s Airport West submarket into a LEED-certified logistics hub. Bridge…

Shore Club Private Collection Completes Concrete Pour At 1901 Collins Avenue In Miami Beach

Witkoff Group and Monroe Capital have completed the concrete foundation pour for Shore Club Private Collection, the new residential development rising at 1901 Collins Avenue in Miami Beach. The project is designed by Robert A. M. Stern Architects and is being built by Coastal Construction. The work marks a significant construction milestone for the 20-story tower that…

‘Centralis Residences Miami’ Set for Redevelopment at 1110 NW 1st Street in Miami

Aventura-based Gamla Cedron Group is proceeding with the redevelopment of the Centralis Residences Miami, an eight-story community completed in 2023. The project calls for converting the 100 apartments into condos. The one-bedroom and two-bedroom residences will span about 620 to 1,060 square feet; the smaller condos are priced in the $300,000s, while the largest…

Kushner turns heat up on Harvey Hernandez over distressed Fort Lauderdale site

Kushner Companies is looking to put the squeeze on Harvey Hernandez over alleged nonpayment of a $22.9 million loan tied to a Fort Lauderdale development site. New York-based Kushner, led by Laurent Morali and Nicole Kushner Meyer, on Thursday sued Hernandez in Miami-Dade Circuit Court as the personal guarantor of the allegedly defaulted loan. Kushner has a pending…

Texas developer plans boutique condos in Fort Lauderdale’s Las Olas

A Texas-based developer is planning a boutique luxury condominium in Fort Lauderdale’s Las Olas neighborhood. Bellaire, Texas-based Claremont Property Company, led by Keeley Megarity, is planning an eight-unit, five-story project at 50 Isle of Venice Drive, according to a press release. Prices for the units will range from $3 million to $3.5 million. Records show…

Advenir buys 249-unit apartment building in Pompano Beach for $61M

Advenir bought a 249-unit apartment building in Pompano Beach for $60.9 million, amid an uptick in multifamily investment sales in South Florida. Aventura-based Advenir bought the six-story Bell Lighthouse Point at 4611 North Federal Highway from Greensboro, North Carolina-based Bell Partners, according to records and real estate database Vizzda. The buyer assumed the…

Advenir Pays $61M for Pompano Beach Multifamily Asset

Advenir Azora has purchased Advenir at Lighthouse Point—formerly known as Bell Lighthouse Point—a 249-unit upscale community in Pompano Beach, Fla. Bell Partners sold the asset for $60.9 million, according to Yardi Matrix information. Advenir also secured a $53.3 million acquisition loan through Freddie Mac, in a transaction arranged by JLL Capital Markets. The…

Luxury Boutique Condo Planned for 50 Isle of Venice Drive in Fort Lauderdale

Texas-based Claremont Property Company has plans for a boutique condominium in Fort Lauderdale. Our sources report that the building would measure eight stories above grade and comprise five luxury homes measuring 3,050 to 3,200 square feet each. They are currently priced from $3 million to $3.5 million; communal amenities would include a swimming pool and seven…

Renderings and Diagrams Revealed for The Residences at Bayview at 1040 Bayview Drive in Fort Lauderdale

New renderings and diagrams have been released for the updated redevelopment proposal at 1040 Bayview Drive in Fort Lauderdale. Designed by MSA Architects with landscape architecture by Architectural Alliance Landscape, the filing submitted by Sunrise and Bayview Partners, LLC, an affiliate of Procacci Development Corporation, seeks to amend the previously approved…

Ombelle Fort Lauderdale Introduces Tower and Flagler Collections at 44-Story Development in Flagler Village

Dependable Equities has introduced two residential offerings at Ombelle Fort Lauderdale, a two tower development at 300 Northeast 3rd Avenue in Flagler Village. Designed by ODA, the project will stand 44 stories and is expected to be completed in 2028. The newly announced Tower Collection and Flagler Collection expand the range of layouts available within the…

Redevelopment Effort Resurfaces for 2.4-Acre Bayview Site in Fort Lauderdale

In 2022, Procacci Development Corporation, led by South Florida developer Phillip Procacci, introduced a mixed-use proposal for a 2.4-acre site at 1040 Bayview Drive in Fort Lauderdale. The plan called for demolishing the existing 101,803-square-foot office building on the property and replacing it with a pair of towers rising 14 and 10 stories, featuring 180…

Pebb, Toledano family’s BH score $90M refi, construction loan for Boca Raton project

Pebb Enterprises and the Toledano family’s BH Group scored an $89.9 million loan for a portion of their mixed-use redevelopment of Office Depot’s headquarters campus in Boca Raton. Boca Raton-based Pebb and Aventura-based BH Group will use the debt to refinance an existing loan, and also for the development of an Equinox facility and to continue office tenant…

Jungle king: Billionaire Larry Ellison pays $30M for Lion Country Safari in Palm Beach County

Billionaire Larry Ellison is the new jungle king lording over Palm Beach County’s Lion Country Safari. An entity with the same Walnut Creek, California address as the Larry Ellison Foundation paid $30 million for the 254.2-acre property at 2003 Lion Country Safari Road, records and real estate database Vizzda show. Visitors to Lion Country Safari can drive through…

Related Ross buys One Clearlake office tower in downtown West Palm for $55M

Steve Ross bought the One Clearlake office tower for $55.4 million, expanding his empire in downtown West Palm Beach, where he is the dominant developer and investor. Ross’ West Palm-based Related Ross bought the 18-story building at 250 South Australian Avenue from Chicago-based Bradford Allen Investment Advisors, according to records. The buyer secured a $40…

Lease roundup: Related Ross scores flurry of tenants at downtown West Palm Beach office towers

BDO, Shutts & Bowen, Citizens Bank, more | West Palm Beach Related Ross, billionaire Steve Ross’ firm that dominates downtown West Palm Beach, scored half a million square feet of leases this year. At the 25-story 15 CityPlace office tower that’s under construction, assurance, tax and advisory services firm BDO, law firm Shutts & Bowen and private…

Meyers Accesso advances 222-unit apartment project with rooftop pool deck in Boca Raton

Meyers Accesso won a Boca Raton board’s backing of its proposed 289,677-square-foot, mixed-use development. The Boca Raton Planning & Zoning Board voted 4 to 0 Thursday evening to endorse a request by Meyers Accesso affiliate BRI 1885 Atrium at Boca LP to approve two ordinances and three resolutions that pave the way for the development of an eight-story complex. It…

13th Floor, Key International score $79M construction loan for 327-unit Delray Beach apartment complex

13th Floor Investments and Key International scored a $79.2 million construction loan for a 327-unit apartment complex in Delray Beach. The financing comes amid continued lending for new rental projects in South Florida, despite a multifamily supply overhang in the tri-county region. Coconut Grove-based 13th Floor and Brickell-based Key International started…

Atlantic Pacific wins approval to expand affordable housing project in Boca Raton

The Boca Raton City Council unanimously approved plans by the city’s housing authority and Miami-based Atlantic Pacific Companies to add 105 apartments to a decades-old affordable housing complex. The zoning changes will enable Atlantic Pacific and the Boca Raton Housing Authority to build two new three-story apartment buildings with 54 one-bedroom units, 42…

JV Lands $90M for Boca Raton Mixed-Use Redevelopment

A joint venture between BH Group and PEBB Enterprises has secured an $89.9 million loan for the redevelopment of The Eclipse—formerly known as the Office Depot headquarters—in Boca Raton, Fla. City National Bank, alongside participant Abanca, provided the note, in a transaction arranged by Berkadia Managing Director Scott Wadler and Director Mike Basinski. The…

13th Floor JV Begins Phase 2 of Delray Beach Development

A joint venture between 13th Floor Investments and Key International, along with partners CDS International Holdings and Wexford Capital, has broken ground on Skye, a 327-unit community in Delray Beach, Fla. The project received a $79.2 million construction loan from CIBC Bank. This is the second residential project for the larger 50-acre Parks at Delray mixed-use…

Bradford Allen Flips West Palm Office To Related Ross: The South Florida Deal Sheet

Related Ross, led by Miami Dolphins owner and billionaire Stephen Ross, isn’t stopping its aggressive push to grow its West Palm Beach portfolio, and a Chicago investor just took advantage for a $10M flip. Related Ross purchased the 18-story One Clearlake Centre office tower for $55.3M, financing the purchase with a $40M loan from City National Bank of Florida…

Condos, Regulations And The Reinvention Of The Palm Beach Market

The population of Palm Beach is on the rise, driving up housing demand across the board. At the same time, massive new office developments are signing new tenants, and multifamily complexes are selling for millions of dollars more than they were purchased for. “The Palm Beach market is being reinvented,” said Joe Hernandez, partner at local law firm Bilzin…

13th Floor Investments and Key International Break Ground on Skye Apartments in Delray Beach with $79.2 Million Construction Loan

South Florida developers 13th Floor Investments and Key International, in partnership with CDS International Holdings and Wexford Capital, have broken ground on Skye, a 327-unit multifamily community within the 50-acre Parks at Delray development in Delray Beach. The project is being financed with a 79.2 million dollar construction loan from CIBC Bank USA and follows…

South Flagler House Tops Out At 1355 South Flagler Drive In West Palm Beach

South Flagler House has topped out at 28 stories, marking a major construction milestone for the luxury condominium development underway at 1355 South Flagler Drive in West Palm Beach. The project is led by Related Ross and designed by Robert A. M. Stern Architects with interiors by Pembrooke & Ives. Vertical construction began one year ago, and the event was…

Construction Starts on 327-Unit ‘Skye Apartments’ at 2350 S. Congress Avenue in Delray Beach

Construction has officially started on Skye apartments, a 327-unit housing development in Palm Beach County. Upon completion, the venture will feature studio to three-bedroom units, plus townhouses. The South Florida Business Journal reports that the smallest units will span 560 square feet, while the largest top out at 1,770 square feet. Communal amenities at Skye…

Inside the World of No-Limit Luxury: Andrea D’Alessio and The Inspirata Group Builds the Impossible for Billionaires

Founded by Andrea D’Alessio Jr., the firm has been transforming Miami’s luxury landscape since 2018 with projects that leave even the city’s wealthiest clients in awe. TRD sat down with the team to explore their stunning portfolio and their relentless, no-compromise approach to construction. D’Alessio Jr. began his career in 1997 alongside his father, an…

Real Assets in Focus: US Still a Magnet for Canadian Investors

Canadian commercial-property investors must often look outside their home country to deploy capital as it is a small, wealthy country with little turnover of assets held by investors. The U.S. is a natural first destination for much of this capital given its proximity and the size of its property market. At the start of the year, turmoil around political changes in…

Coworking Redefines Key Office Markets for the Long Run

The coworking sector continued its expansion, boasting a 155.7 million-square-foot footprint in the U.S. and accounting for 2.2 percent of the total leasable office space in October, according to CoworkingCafe. As multiple major operators expanded their combined market share and hybrid work policies remaining an alternative to long-term leases, the sector’s growth…

Florida approves FPL’s biggest rate hike in history

TALLAHASSEE — State regulators Thursday approved a rate settlement that will lead to Florida Power & Light customers paying billions of additional dollars in the coming years, though opponents said they expect to fight the plan at the Florida Supreme Court. The state Public Service Commission signed off on the four-year settlement, which FPL reached with numerous…

As Florida Developers Embrace ‘Carte Blanche,’ Reality Sinks In For Cities Stripped Of Veto Power

Hundreds of Fort Lauderdale residents tuned in to a special town hall meeting last month, outraged about a planned development of nine 30-story towers on the surface parking lots of the Galleria at Fort Lauderdale, an 800K SF mall from the 1980s. The project, proposed by a team led by GFO Investments’ Russell Galbut and WeWork’s former CEO, would tower over the…

Self-storage real estate has ‘close to zero’ correlation to the broader economy. That’s a good thing

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

CRE Leaders Talk Low Supply and Robust Logistics Sector

The past couple of years or so have been a challenging environment for many CRE players to operate in — with high interest rates and now tariffs causing volatility and uncertainty. However, some see favorable conditions in their footprint and opportunities to play offense. This was a sentiment shared during a panel at CREtech New York 2025, moderated by Vaibhav…

Strong Art Basel bookings give hotels year-end boost

Advance hotel reservations for Art Basel Miami Beach last week stood slightly ahead of reservations at the same time last year and were expected to rise, indicating a strong finish to the year in Miami-Dade’s hotel industry. Advance bookings are the number of hotel rooms reserved to date and a key indicator for future performance. As of last week, advance…

Orlando Roche: First Horizon Bank’s market president will extend his reach

Orlando Roche arrived in Miami from Cuba at 13, an experience that taught him early what it meant to adapt. Learning a new language while adjusting to a new culture required flexibility and patience, lessons he still carries.  He often says change is the only constant, a perspective that has guided him through a 34-year banking career spanning commercial lending…

Inter Launches New Inter Bike Program Along The Underline’s 10-Mile Corridor

Inter has launched Inter Bike, a new bikeshare system installed along The Underline’s 10 mile linear park beneath Miami’s Metrorail. The program introduces docking stations in Brickell, Coconut Grove, and Coral Gables, providing a new mobility option for residents and visitors, with free daily access available for Inter account holders.

Video: Trimont Head of Research & Senior Managing Director Brian Bailey Provides Commercial Real Estate Insights

This episode of America’s Commercial Real Estate Show delves into the complexities of the current commercial real estate market, offering insights from Brian Bailey, the Senior Managing Director and Head of Research at Trimont. With his background as a former real estate expert at the Federal Reserve, Bailey provides a unique perspective on the challenges and…

Downtown Miami Holiday Inn redevelopment site heads to auction with $70M reserve price

A distressed Holiday Inn site will hit the auction block next month, signaling a possible jumpstart for redeveloping one of the last major parcels in downtown Miami. The property at 340 Biscayne Boulevard, currently home to the 200-key Holiday Inn Port of Miami-Downtown, will be sold through a court-approved bankruptcy auction starting Dec. 3, culminating with a live…

Little Havana developer converting apartments to condos, launching sales

An Aventura-based developer is converting a new apartment building in Miami’s Little Havana neighborhood into condos, and launching sales of the project, The Real Deal has learned. Gamla Cedron Group, led by CEO Shaoul Mishal, hired Douglas Elliman to lead sales of the eight-story, 100-unit Centralis Residences Miami at 1110 Northwest First Street. Units will range…

“A place of fantasy”: KAR, Fortune’s Faena Residences on Miami River kickstarts high season

Clad in his signature all-white suit and matching fedora, Alan Faena stood on the crimson stage –– flanked by his development partners Edgardo Defortuna and Shahab Karmely –– and said their planned Faena Residences towers won’t merely offer condos. “We are offering happiness,” Faena said at the Saturday night party for the official opening of the Faena…

Lease roundup: Tokyo-inspired speakeasy opening at Rivani’s South Beach building

The h.wood Group is partnering with Rivani to open a speakeasy in South Beach. Los Angeles-based h.wood Group will open a 2,000-square-foot exclusive speakeasy on the third floor amenity level at The Rivani building next summer, according to a Rivani news release. The speakeasy hasn’t been named yet. Robert Rivani is working on a $40 million renovation of the…

Miami-Dade committee advances David Martin’s takeover of Miami Seaquarium

A Miami-Dade County committee gave David Martin’s Terra the green light to take over the troubled Miami Seaquarium in Virginia Key. Now the Coconut Grove-based firm will seek approval from the full county commission next month. On Thursday, the Miami-Dade appropriations committee advanced Terra’s proposal to acquire Miami Seaquarium’s lease from the bankrupt…

Miami ranks second to Dubai in branded residences pipeline

Miami ranks second only to Dubai among global markets for its branded residence pipeline, a newly released report shows. Dubai had 64 completed projects and an additional 87 in the works, with Miami trailing behind with 48 completed projects and 55 planned, according to the report from British brokerage Savills. The numbers reveal a diversifying sector proliferating…

Splish, splash! Jeffrey Soffer’s Fontainebleau Miami Beach water park plan faces historic preservation vote

Billionaire Jeffrey Soffer’s plan for a water park at his Fontainebleau Miami Beach resort could splash into approval — or denial — by a key city board next week. The Miami Beach Historic Preservation Board is set to vote on Tuesday on the planned redevelopment of the 1,504-room oceanfront hotel’s outdoor pool area. The waterpark would be open to the public…

Comras buys Lincoln Road retail portfolio for $140M, plans redevelopment

Michael Comras is planning a major renovation of a Lincoln Road portfolio his namesake firm acquired for $140 million. Comras declined to confirm the purchase price, which was provided to The Real Deal by a source familiar with the transaction. Miami Beach-based Comras Company bought 11 storefronts at 600, 719–737, 741, 801–821 Lincoln Road and 723 North Lincoln…

Seafood restaurant owners with political pull seek rent break from Miami-Dade County

Citing negative impacts from climate change, Miami-Dade officials may grant a rent break to a politically connected restaurant tenant leasing a county owned waterfront venue. Hammock Marine Corporation — a company owned by Rodney Barreto, chairman of the Florida Fish & Wildlife Commission, and Brian May, a lobbyist for several big name developers including…

Strike out! Washington Nationals owner sells Kendall apartment project at $42M loss

The billionaire family that owns the Washington Nationals struck out in the Kendall multifamily submarket. An affiliate of Rockville, Maryland-based Lerner Residential sold Motion at Dadeland, a 25-story tower with 295 apartments at 8400 South Dixie Highway for $72.4 million, records and real estate database Vizzda show. The buyer, an affiliate of Los Angeles-based…

Cornerstone, Brookstone propose 354-unit multifamily project in Little Havana

The Cornerstone Group and Brookstone Partners propose a 354-unit multifamily tower in Miami’s Little Havana neighborhood, amid an apartment building frenzy in South Florida. Cornerstone and Brookstone, both based in Hollywood, want to develop an eight-story building with a 5,000-square-foot grocery store on a 2.4-acre site on the northwest corner of Northwest Eighth…

Cortland Lands $192M Refi for 4 Properties in Miami, Other Cities

Cortland Partners, an Atlanta-based multifamily investor, developer and property manager, has refinanced a four-property, 1,137-unit portfolio of communities in Miami, Denver and Dallas with a $192.1 million Freddie Mac package arranged by Walker & Dunlop Capital Partners. The largest of the properties in the portfolio is Cortland at the Hammocks I & II, which…

Has Miami’s Rental Market Found Its Sweet Spot? 2 Local Developers Weigh In

Miami residents are increasingly turning to rentals. Not only because of elevated mortgage rates and rising home insurance costs that make homeownership less accessible, but because they want greater flexibility, financial stability and homes that better reflect their way of life, according to Winston Fisher, partner at Fisher Brothers. Recently, the developer debuted…

Work Starts on Surfside Luxury Condos

LD&D, in partnership with ONE Capital, announced yesterday the start of construction on Surf Row Residences, a 24-unit condo development in Surfside, Fla. The property will offer one- to three-bedroom layouts ranging from 894 square feet to 2,195 square feet, with unit prices starting at $1.4 million. IGEQ is also a JV partner of LD&D in this development.

Comras Lands $117M To Develop ‘Micro-District’ On Lincoln Road

Comras Co., led by Michael Comras, is expanding its imprint on Miami Beach’s famed shopping corridor. Comras landed a $117M loan from Acore Capital to acquire five properties along Lincoln Road and North Lincoln Lane, the developer announced Wednesday. It is planning to reposition the buildings into a 150K SF retail “micro-district” dubbed NoLi. The project will…

South Florida Builders Embracing New Tricks To Manage Impacts Of Tariffs, Labor Shortages

South Florida contractors are among the busiest in the country, with more concerns in the market about too much construction than not enough. That means they’ve had to find ways to finish jobs in a perpetually volatile economic climate. Construction firms are increasing their use of artificial intelligence, modular and off-site construction, and bulk materials…

Miami Developers Keep Raising The Stakes In The Amenities Race. Renters May Pay The Price

With tens of thousands of luxury apartments opening across South Florida and competing for the same tenants, rooftop pools and tricked-out fitness centers are the standard — and not enough to fill up a building. Virtual DJs, private event spaces, wine storage and karaoke rooms are all on the menu for developers looking to stand out from the crowd. But high…

Bentley Residences Completes Record-Setting Mat Foundation Pour In Sunny Isles Beach

Bentley Residences Miami has reached a record-setting construction milestone with the completion of the largest residential mat foundation pour in Florida, supporting the 716 foot tower underway at 18401 Collins Avenue in Sunny Isles Beach. Dezer Development is leading the project in partnership with Bentley Motors, while Coastal Construction serves as general…

Miami Promised ‘No Net Loss’ of Parks, then Changed the Fine Print

With no public notice, a last-minute “substitution ordinance” in 2023 allowed the City of Miami to sidestep requirements to acquire new land for parks when it turns its existing ones over to developers. The post Miami Promised ‘No Net Loss’ of Parks, then Changed the Fine Print appeared first on Coconut Grove Spotlight.

Walker & Dunlop Provides $192M Agency Refinancing to Cortland for National MF Portfolio Including Hammocks Of Miami

ATLANTA — Walker & Dunlop (NYSE: WD) has provided a $192 million Freddie Mac loan for the refinancing of a national portfolio of four multifamily properties totaling 1,137 units. The borrower was Atlanta-based owner-operator Cortland. The portfolio consists of Cortland at the Hammocks I & II in Miami, which total 720 units, as well as the 224-unit Huntington…

Shoreline Review Filed For Planned 30-Story Tower At 1681 And 1725 Kennedy Causeway in North Bay Village

A Shoreline Development Review application was filed on November 9 for a planned 30-story mixed use tower rising approximately 364 feet at 1681 and 1725 Kennedy Causeway in North Bay Village. The project is being developed by MG Prosper NBV, LLC, a joint venture between Prosper Group and MG Developer, with design by Luis Revuelta of Revuelta Architecture International.

The h.wood Group To Open Hidden Cocktail Bar Within RIVANI Miami Beach

The h.wood Group is bringing a new Tokyo-inspired speakeasy to RIVANI Miami Beach, the $100 million office redevelopment by investor and developer Robert Rivani. The Los Angeles hospitality company, known for its dining and nightlife portfolio, will introduce a concealed cocktail lounge within the project’s third floor amenity level.

Pantzer buys 393-unit apartment building in Miramar for $161M

Pantzer Properties bought a 393-unit apartment building in Miramar for $161 million. The purchase comes on the heels of New York-based Pantzer closing its $1 billion Panco Strategic Real Estate Fund VI that will target multifamily properties on the East Coast. Boston-based Rockpoint and Coconut Grove-based Related Group sold the eight-story building at 1-3 Main Street…

Ritz-Carlton, Fort Lauderdale condo association files for bankruptcy

The condo association that governs the Ritz-Carlton, Fort Lauderdale condo-hotel filed for bankruptcy after losing a legal fight with two hospitality investment giants. The Castillo Grand Hotel Condominium Residences Association (CGHCRA), which governs the condo-hotel units at the property, filed for Chapter 11 restructuring in U.S. Bankruptcy Court in Fort Lauderdale…

Chetrit’s Pompano Beach condo dev site, Hollywood Beach Resort units head to UCC auction

Chetrit Group’s waterfront condo development site in Pompano Beach and its units at the Hollywood Beach Resort condo are headed to a Uniform Commercial Code foreclosure auction. The lender that provided a $17.2 million loan on both properties in 2022 filed for the UCC foreclosure, according to a public notice published in the South Florida Sun Sentinel and…

Nine Hollywood Apartments Win $62M Refi

FundRebel has obtained $62 million in permanent financing for Nine Hollywood, a 204-unit-12 story multifamily property located at 1809 Jackson St. in Hollywood, Fla. Naftali Credit Partners structured the funds for the borrower, which will support the lease-up and stabilization of the asset. The firm syndicated a $42 million senior loan, while retaining a $20 million…

Seven Park Residences Breaks Ground at 218 to 220 SE Seventh Street in Hallandale Beach

Ground has broken on Seven Park Residences, a mixed-use development from Kadima Developers at 218 to 220 SE Seventh Street in Hallandale Beach. The $70 million project will rise with 124 residential units and 4,500 square feet of ground-floor retail. SKLARchitecture is the architect, and Fortune Development Sales is overseeing sales and marketing. Completion is…

Sage Intracoastal Residences Breaks Ground at 900 Intracoastal Drive in Fort Lauderdale

Sage Intracoastal Residences, a 28 story boutique condominium tower at 900 Intracoastal Drive in Fort Lauderdale, has broken ground. Designed by Fort Lauderdale based FSMY Architects with interiors by BAMO and developed by Property Markets Group (PMG), the development will sit along 200 linear feet of the Intracoastal Waterway and will comprise 44 luxury residences…

T3 FAT Village Tops Out In Fort Lauderdale’s Flagler Village

Construction has topped out on T3 FAT Village, a six story mass timber office building rising within the broader redevelopment of Fort Lauderdale’s Flagler Village. The project is led by Hines and Urban Street Development and marks a major milestone within the ongoing transformation of the former FAT Village arts district into a mixed use neighborhood on 5.6 acres…

Construction on East Tower at Oasis Hallandale Reaches Halfway Mark

Vertical construction has surpassed the halfway mark on Oasis Hallandale’s East Tower, which has now reached the 14th floor of its planned 25-story height as work continues to advance across the ten-acre mixed-use development. The project, designed by Arquitectonica, recently achieved another milestone with the structural topping out of its six-level…

Blackstone sells Boca Raton senior living facility, yet another at a discount

Blackstone sold another South Florida senior living facility to BH Group and Gold Standard of Care at a discount. The joint venture paid $12.2 million for Atrium at Boca Raton, roughly $10 million below the previous sale price eight years ago, according to a source familiar with the deal. Gold Standard of Care’s family office provided the equity capital for the…

Riviera Beach picks partner in $481M redevelopment plan

The Riviera Beach City Council unanimously voted to forge a deal with a team led by Sonnenblick Development that will include the construction of a new city hall and library, sports complexes, and residential units on about 72 acres of publicly owned land. The 5 to 0 vote took place during Riviera Beach City Council’s Monday meeting. Should negotiations fail with…

Riviera Beach approves Exact Capital’s 280-unit apartment project

Riviera Beach approved a deal with New York-based Exact Capital to enable it to build 280 apartments in the city, most of which will be workforce and affordable housing. The development agreement, which includes the sale of a half-acre property owned by the Riviera Beach Community Redevelopment Agency for $2 million, was approved by a vote of 4 to 1 during the CRA’s…

TZ Capital buying Palm Beach’s former Neiman Marcus building from Ken Griffin for $81M

Billionaire Citadel founder Ken Griffin is selling a prime strip of Palm Beach’s Worth Avenue for $80.5 million, three years after buying it for $78 million. Sources confirmed the buyer of the 48,600-square-foot building at 151 Worth Avenue is TZ Capital, a West Palm Beach-based real estate investment firm led by Sam Zuckert, Tyler Tananbaum and Teddy Tananbaum. The…

Forest Development wins bid to build $325M project near Riviera Beach’s waterfront

The Riviera Beach Community Redevelopment Agency will negotiate the sale of 2.2 acres near the waterfront to Peter Baytarian’s Forest Development to build a mixed-use project. Riviera Beach council members, sitting as the city’s CRA’s board of commissioners, approved the deal with North Palm Beach-based Forest Development by a vote of 3 to 2 Wednesday evening…

West Palm leads Palm Beach County’s growth since 2020

Cities grew at a faster pace over the past five years in Palm Beach County than areas outside municipal boundaries, with Palm Beach Gardens, West Palm Beach and Westlake leading the charge. The county’s largest city, West Palm Beach, added the most people since the 2020 U.S. Census, with 9,529 more residents, annual estimates released in October by the University of…

Lower Penthouse Collection Debuts at Alba Palm Beach in West Palm Beach

Alba Palm Beach has announced the release of its Lower Penthouse Collection as the 22 story waterfront condominium at 4714 North Flagler Drive in West Palm Beach approaches its planned Spring 2026 delivery. Developed by BGI Companies and designed by Spina O’Rourke + Partners, the new offering comprises six residences priced from $6.95 million on floors 19 through…

Roger Ferris + Partners Opens New Office At Phillips Point As West Palm Beach Workload Expands

Roger Ferris + Partners has established a new South Florida presence with a 10,000 square foot office at Phillips Point, the waterfront office complex at 777 South Flagler Drive in West Palm Beach. The move marks the firm’s first location outside the Northeast and follows a growing concentration of work across the region. The new space was reportedly scheduled to…

2026 National CRE Outlook: Key Expectations for the Year Ahead

As the year wraps up, commercial real estate experts are reflecting on a few surprises—tariffs, a record 44-day government shutdown, and the rise of AI, to name a few. Despite these challenges, the commercial real estate market stayed resilient, even rebounding in some sectors. During Commercial Property Executive’s 2026 CRE outlook webinar, panelists from…

BXP chief says the office sector has bottomed nationally, but buildings still need to be demolished

The U.S. office market has been in a tailspin since the start of the pandemic, when workers were first ordered home. Some, especially younger workers, never came back — leaving many office buildings half full or empty. The overall vacancy rate for offices, however, fell 20 basis points in the third quarter to 18.8%, according to CBRE. While that’s still…

2026 Global Investor Outlook

Now in its sixth year, Colliers’ 2026 Global Investor Outlook offers a comprehensive view of the trends shaping global real estate investment. Combining insights from our senior experts, proprietary research and survey responses from international investors, the report explores the key forces influencing capital flows and highlights promising opportunities for 2026…

U.S. Office Leasing Market Continues to Improve

The outlook for an office market recovery is becoming increasingly optimistic, and signs of improvement are evident in various U.S. markets. The uptick in leasing predicted for 2024 and early 2025 is beginning to be reflected in market statistics, which show that vacancy has declined for the first time since 2020 and that net absorption has been positive for five…

Southeast Leads Multi-Tenant Industrial Investment With $5.2B in Q3 Sales

The US multi-tenant industrial sector recorded $17.7 billion in investment sales during the third quarter of 2025, reflecting a 2.8% decline from the previous quarter but a 0.5% increase year-over-year, according to Northmarq’s Q3 2025 Multi-Tenant Report. While overall volume moderated slightly, the sector remains strong, underpinned by resilient tenant demand…

Video: Costar Office Analytics National Director Phil Mobley on Whether U.S. Office Market is Turning Around

A Deep Dive into Current Trends and Future Projections for the U.S. Office Sector The office real estate sector has been at the forefront of industry discussions, especially in the wake of the COVID-19 pandemic and its lasting impacts. On a recent episode of America’s Commercial Real Estate Show, the show’s host engaged in an insightful conversation with Phil…

Miami-Dade to consider no-bid deals for Swerdlow, Pinnacle to redevelop public housing complexes

Swerdlow Group and Pinnacle propose separate projects to redevelop six public housing complexes in Miami-Dade County with more than 1,000 below-market rate apartments and for-sale homes. The pair are the latest to file plans to Miami-Dade through the federal Rental Assistance Demonstration program, which allows municipalities and counties to redevelop and modernize…

Lennar plans 146 townhomes near south Miami-Dade’s Navy Wells Pineland Preserve

Lennar plans a complex with 146 townhomes in south Miami-Dade County. The project marks the homebuilding giant’s continuing development in south Miami-Dade, where Lennar already is the top residential builder. Miami-based Lennar wants to develop the community, called Villas De San Diego, on a 12-acre site on the southeast corner of Southwest 355th Street and…

Lease roundup: New food hall will open at Time Out Market’s former South Beach space

A new food hall will open in the former Time Out Market space in Miami Beach. City Food Hall leased the 20,900-square-foot space near Lincoln Road, where it will open in the summer of next year, according to a news release from the tenant’s broker. The venue is at 1601 Drexel Avenue. Irma Figueroa of Comras Company represented the tenant, and Dillon Maya of Avenue…

The Weekly Dirt: Mamdani effect takes center stage in Miami

New York City’s Mayor-elect Zohran Mamdani was on the minds of Miami developers, brokers and billionaires last week. His win on Tuesday has fueled a number of memes and social media posts claiming that a mass exodus of wealthy New Yorkers to Florida is already underway. He’s promised to freeze rents on rent-stabilized buildings and increase corporate and income…

Blackstone offloads Aventura senior living facility at $37M loss

Blackstone held a fire sale on an Aventura senior living facility, selling the site for a $36.5 million discount. Aventura-based BH Group, led by Isaac and Liat Toledano, and Fort Lauderdale-based Gold Standard of Care bought Sterling Aventura at 2777 Northeast 183rd Street in Aventura for $12 million, a source close to the transaction told The Real Deal. New Wave…

“Really not overbuilt”: Bruce Menin, Erik Rutter, Joe Lubeck argue South Florida does not have a multifamily supply overhang

Multifamily developers Bruce Menin, Erik Rutter and Joe Lubeck say South Florida needs more housing, but skittish equity investment is among the many barriers to entry. The trio, who spoke during The Real Deal Miami Real Estate Forum 2025, pushed back on the notion the tri-county region is struggling with a supply overhang due to hefty completions in recent years.

“Built on cash”: How developers survive the squeeze in Miami

Real estate industry experts pushed back on the theory that a bubble is forming in Miami that’s about to burst. “This market is built on cash,” said market analyst Ana Bozovic, founder of Analytics Miami, at The Real Deal’s Miami Real Estate Forum. Bozovic spoke on a panel about how developers can survive the market crunch in Miami in a conversation moderated…

“Top of mind for New Yorkers”: Developers Ugo Colombo, Camilo Miguel talk Mamdani’s win, Miami’s condo market

Top condo developers Ugo Colombo and Camilo Miguel Jr. say another wave of New Yorkers is headed to South Florida following Zohran Mamdani’s mayoral election win. But the influx will fall short of that during the pandemic, which propelled South Florida’s market to new heights. “It’s certainly top of mind for New Yorkers to move to South Florida,” Miguel…

“We thought, OK, we’re gonna plateau. Nope”: Experts dissect South Florida’s office market

After the pandemic ignited a surge in new-to-market tenants from states such as New York and California to South Florida, Donna Abood believed that the spike would eventually subside. “When we got up to this pinnacle, we thought, ‘OK, we’re gonna plateau,’” Abood, vice chairman and co-head for Savills Florida, recalled while on the main stage at The Real…

“Back like a Phoenix”: South Florida office investment sales pick up, distress and discounts linger

South Florida’s office market experienced an uptick in investment sales over the past year, marking a comeback after a slowdown. Yet, distress and discounted deals are lingering, as elevated interest rates and other economic headwinds remain. Deal volume reached nearly $2.2 billion in the tri-county region in the 12-month period that ended Sept. 30, marking a 28…

Matt Ferrari Launches PXV Multifamily in Miami, Aims for $2B in Acquisitions

After nearly a decade at TruAmerica Multifamily, where he rose to co-CIO, real estate investment veteran Matt Ferrari is launching PXV Multifamily, a private multifamily investment and operating firm with plans to acquire up to $2 billion in assets over the next three years. As founder & managing partner of the new Miami-based firm, he’ll be targeting assets…

Dezer Lands $630M for Bentley-Branded Condo Tower in Sunny Isles Beach

Dezer Development has secured a $630 million construction loan to develop the first Bentley-branded condo tower in Sunny Isles Beach, Fla. Madison Realty Capital issued the note marking the largest financing deal in South Florida so far this year. Berkadia brokered the transaction. Currently, site preparations and tower foundation are nearing completion. Designed by…

Will South Florida’s real estate market benefit from Mamdani’s victory?

Mavens of the local real estate scene gathered in Miami on Wednesday with a gleam in their eyes. The night before, voters had cast ballots in an election that some brokers and developers speculated could fuel demand for South Florida property. The Miami mayoral election? Nope. The one 1,300 miles north, in New York City. “That seems to be all that people…

Miami-Dade County tourism is up thanks to visits from other Floridians

Miami-Dade County played host to more tourists in the just-completed fiscal year than it did a year earlier. And the hospitality industry hopes a big line-up of sports events will help boost business in the year ahead. Total tourism was up 5% thanks to more people from other places in Florida visiting the area. Visits from other states and from overseas provided a…

TruAmerica’s Matt Ferrari Launches New Miami-Based Multifamily Firm Targeting ‘Mismanaged’ Assets

Scaling Mount Everest and founding his own company are two challenges Matt Ferrari chose to tackle in the same year. After nine years with TruAmerica Multifamily, Ferrari has left his role as co-chief investment officer and head of East and Central region asset management to launch PXV Multifamily — a new private multifamily investment and operating firm…

OKO Group, Cain Lining Up $600M Loan For 830 Brickell

Cain International and OKO Group are looking to cash in again on 830 Brickell. Goldman Sachs and JPMorgan Chase are looking to originate a roughly $600M loan for the 57-story, 640K SF trophy building as a potential standalone CMBS offering, Green Street reports. The developers have been in the market for a $605M, floating-rate loan that could run five to seven…

Bankrupt Miami Site on Biscayne Blvd With Potential For 82-Story Tower Hits Auction Block

A fully entitled redevelopment site on Biscayne Boulevard is seeking buyers for a second time after its owners filed for bankruptcy last year. Concierge Auctions is marketing the 0.9-acre site at 340 Biscayne Blvd., which is occupied by the Holiday Inn Port of Miami-Downtown, seeking $175M. The site’s zoning allows for an 82-story project and is already approved…

South Beach Hotel Sells For A Discount: The South Florida Deal Sheet

The nearly 90-year-old Fairwind Hotel Miami in South Beach sold for 26% less than when it last traded in 2021. Entities linked to Tony Di Piazza and Private Exchange Group purchased the 150-room hotel, which was built in 1936, for $31M, according to property records provided by Vizzda. The sellers were three LLCs tracing to Israel Katz, a Ramsey, New…

29 Indian Creek Breaks Ground at 2901 Indian Creek Drive in Miami Beach

Trinity Southern, in partnership with JMH Development and exclusive sales and marketing by SERHANT. New Development, has officially broken ground on 29 Indian Creek, located at 2901 Indian Creek Drive in Miami Beach. Designed by Urban Robot, which also leads interior and landscape design, the project will comprise 22 total residences, including 20 one- and two-bedroom…

High-end office space seen as key to meeting Miami area demand

High-end office spaces in markets like Wynwood and the flight-to-quality trend where investors seek newer, well-located properties, often Class A, that offer premium amenities are key drivers for demand in the commercial real estate market. The overall office vacancy rate in Miami fell to 15% at the end of the third quarter of 2025, which runs from July through…

Wynwood retail sees major shifts

Wynwood store owners are seeing a dramatic shift in the retail scene as the vibrant Miami neighborhood sprouts new construction projects, including residential buildings, apartments, commercial spaces and an increase in rent. Mariano Diaz is the owner of Wynwood Soul, an art and clothing store at 2301 NW Second Ave. “We are going through the worst time period in…

Unexpected cuts at Miami-Dade county parks draw rebuke, probe

Miami-Dade parks fund cuts that commissioners were assured during heated summer budget talks had been restored actually still exist, Chairman René García told the county’s Recreation and Tourism Committee on Monday as he called for more detailed reports and a meeting with the mayor. Though the administration’s message is that parks cutbacks are a direct…

Jorge Arrizurieta: CEO looks to build Coral Gables Chamber of Commerce

Newly appointed President and CEO of the Coral Gables Chamber of Commerce Jorge Arrizurieta brings with him a history of leadership positions in business, civic and community affairs. He was chosen following a national search that included about 40 candidates.  “It is an honor for me to succeed such an accomplished and beloved leader as Mark Trowbridge, who passed…

$630 Million Construction Loan For Bentley Residences In Sunny Isles Marks Largest Financing Deal In South Florida In 2025

Dezer Development has closed on a $630 million construction loan for Bentley Residences, the world’s first Bentley-branded residential tower under construction in Sunny Isles Beach. The financing, issued by Madison Realty Capital and arranged by Berkadia South Florida, represents the largest construction loan in South Florida so far this year. Designed by Sieger…

Construction Begins On Alton Biscayne, A 12-Story, 336-Unit Residential Development In North Miami

Construction is now underway on Alton Biscayne, a new 12-story luxury residential community taking shape at 11240 Biscayne Boulevard in North Miami, near Biscayne Shores. Designed by Cohen Freedman Encinosa and developed by Kolter Multifamily, a division of Kolter Group, the project will deliver 336 apartment units and a 7-story parking garage to one of the city’s…

Alta Development Plans ‘Vista Harbor Residences & Yacht Club’ for 555 NW S River Drive in Miami

Alta Development hopes to get approval for a high-rise luxury condo on the Miami River. Vista Harbor Residences & Yacht Club would measure 12 stories above grade and comprise 234 residences, with most homes spanning under 720 square feet. While sales are expected to officially launch within 30 days, sources note that the smallest units (studios) would be priced…

Pre-Application Filed For 5-Story Affordable Housing Project At 6650 NW 26th Avenue In Miami

A pre-application filed on November 4, 2025, outlines plans for a five-story affordable housing project tentatively named Ruby Development at 6650 NW 26th Avenue in Miami’s Liberty City neighborhood. The filing was submitted by Tacolcy Economic Development Corp. (TEDC), which is partnering with the property owner to deliver the project. A pre-application meeting has…

Oak Row Equities And LNDMRK Development Break Ground On 2900 Terrace In Miami’s Edgewater Neighborhood

Oak Row Equities and LNDMRK Development have broken ground on 2900 Terrace, a premier luxury multifamily tower located in Miami’s Edgewater neighborhood. The milestone follows the closing of a $210.5 million construction financing package, consisting of a $142.5 million senior loan from Bank OZK and a $68 million mezzanine loan from Canyon Partners Real Estate. The…

Lotus House Opens The Children’s Village In Miami’s Overtown Neighborhood

Lotus House, the nation’s largest women’s homeless shelter and a leading model for holistic shelter services, has announced the opening of The Children’s Village at Lotus Village, an innovative education and resource center designed to serve the shelter’s children as well as families in the surrounding community. The 71,000-square-foot facility aims to advance…

CMC Group and Fort Partners Break Ground in Coconut Grove on First Standalone Four Seasons Branded Residences in Florida

South Florida-based developers CMC Group and Fort Partners have officially broken ground on Four Seasons Private Residences Coconut Grove, marking the beginning of construction for the highly anticipated luxury development and the opening of its new sales gallery. The project represents Four Seasons’ first standalone residential offering in Florida and is expected…

Namdar Group Advances Two-Tower Project at 50 N.E. 3rd Street in Miami

Developer Namdar Group has secured $460 million in financing for a two-phase mixed-use venture that will deliver more than 1,000 apartments to downtown Miami. Plans call for two 43-story towers connected on floors one through eight, with the complex itself spanning more than 700,000 square feet. Both towers are currently undergoing construction, with the first phase…

74-Story ‘619 Brickell’ to Offer 300 Luxury Condos at 619 Brickell Avenue in Miami

Nobu Hospitality, in partnership with Key International and 13th Floor Investments, is moving forward with its first branded residential endeavor in Miami. Upon completion, the multi-million-dollar venture would be one of the tallest buildings in Brickell. 619 Brickell is a 74-story skyscraper set to feature 300 luxury one-bedroom to four-bedroom residences.

Kimco advances 280-unit planned apartment development at Hollywood shopping center

Kimco Realty Corporation advanced plans to build an eight-story apartment building with 280 units at its Oakwood Plaza shopping center in Hollywood. The Hollywood City Commission on Wednesday approved Kimco’s design and site plan for the multifamily development, part of the company’s master plan to redevelop the 1990s-era shopping center as a mixed-use property.

JPMorgan joins investors’ Coral Springs shopping center spree with $54M purchase

JPMorgan joined a recent wave of buyers picking up shopping centers in Coral Springs. An affiliate of New York-based JPMorgan, led by CEO Jamie Dimon, paid $53.7 million for Shoppes at Heron Lakes at 5601 to 5791 Coral Ridge Drive, records and real estate database Vizzda show. The financial giant paid $369 a square foot for the pair of single-story retail buildings…

Las Olas Chabad Jewish Center Proposes New Three-Story Facility at 1404 E Las Olas Boulevard in Fort Lauderdale

Plans have been submitted to the City of Fort Lauderdale’s Development Review Committee for a new, expanded home for the Las Olas Chabad Jewish Center. Located along East Las Olas Boulevard in Broward County, the proposed three-story, 70-foot-tall building will replace the Chabad’s current facility at 1302 East Las Olas Boulevard, relocating approximately 200 feet…

‘Cocogate Apartments’ Poised to Replace Bulk of Cocogate Plaza at 1350 N. State Road 7 in Margate

Coral Springs-based White Oak Development has plans for a mixed-use project that would replace a 1970s-era shopping center with apartments. Cocogate Apartments would replace an 87,771-square-foot retail plaza with a six-story, 312,927-square-foot residential building. The community would host 287 residences, 41 of which would be designated as workforce housing for…

Pinnacle Sells Elyps Luxury Apartments in Fort Lauderdale for $46.5M

Miami-based developer Pinnacle has sold Elyps Apartments, a 140-unit luxury community in Fort Lauderdale, for $46.5 million. The buyer was Ram Elyps LLC, an affiliate of Rental Asset Management (RAM). CBRE represented Pinnacle affiliate, Bimini Cove LLC, in the transaction. Completed in 2023, Elyps offers one- and two-bedroom floorplans…

BH under contract to purchase shuttered Wellington golf course for $20M-plus

BH Group is buying a shuttered golf course in Wellington that was a source of controversy under a previous owner, developer Glenn Straub. Aventura-based BH, led by Isaac and Liat Toledano, is under contract to acquire Wellington’s 150-acre former Polo West Golf Course for more than $20 million, a source familiar with the transaction told The Real Deal. The firm has…

Abacus Capital scores $78M construction loan for Palm Beach Gardens project

Abacus Capital broke ground on its Palm Beach Gardens apartment project after nabbing a $77.5 million construction loan. Affiliates of Beverly Hills, California-based Kennedy Wilson and Toronto-based Fairfax Financial provided the financing for Arbor House, a planned 13-story building with 302 units and an eight-story garage with 480 parking spaces at 3701 Catalfumo…

Gatsby unveils plans for Palm Beach Gardens mixed-use project

Gatsby Florida is anticipating an influx of New York office tenants for its planned mixed-use project in Palm Beach Gardens in the wake of Zohran Mamdani’s mayoral victory. Miami-based Gatsby, led by co-founders Isaac Shalom and Babak Ebrahimzadeh, finalized construction plans for The Modern at Palm Beach Gardens, a 220,000-square-foot building and an adjacent…

West Shore buys 542-unit apartment complex in Palm Beach Gardens for $118M

West Shore bought a 542-unit apartment complex in Palm Beach Gardens for $117.9 million, marking a continuing uptick of multifamily investment sales in South Florida. Boston-based West Shore bought the Palm Beach Gardens Apartments at 4120 Union Square Boulevard from Aventura-based Advenir, according to records and real estate database Vizzda. The buyer borrowed a…

Macquarie, Vanderbilt sell Boca Raton dev site planned for 300-unit apartment project for $21M

Macquarie Capital | Principal Finance and Vanderbilt Office Properties sold a multifamily development site approved for nearly 300 units in Boca Raton for $21.2 million. NADG, or North American Development Group, bought the 6.8-acre site at 1800 North Military Trail, according to records and real estate database Vizzda. The land shares the same lot as a four-story…

Here is Riviera Beach’s residential development pipeline

Riviera Beach is cashing in on South Florida’s development boom. West Palm Beach’s northern neighbor and home of the Port of Palm Beach has nearly 2,000 condos and apartments in the development pipeline, according to analysis by The Real Deal. And there’s still more to come –– the city is courting developers for its 90-acre Marina Village project, a…

Gatsby Florida to Develop Palm Beach Gardens Office Tower

Gatsby Florida has completed the development plans for The Modern at Palm Beach Gardens, a 220,000-square-foot luxury office tower in Palm Beach Gardens, Fla. Construction is scheduled to begin in January 2026, while delivery is slated for late 2027. A Gatsby affiliate purchased the 7-acre development site in 2022, The Real Deal reported. Catalfumo Cos. sold it for…

Abacus Capital Secures $78M for West Palm Beach Development

Arbor House, a 302-unit upscale project in Palm Beach Gardens, Fla., became the subject of a $77.5 million construction loan. Developer Abacus Capital Group secured the note for the multifamily development, according to The South Florida Business Journal. JLL Capital Markets arranged the four-year, floating-rate loan on behalf of the borrower, through a publicly…

Northern Palm Beach County Medical Office Building Report 25Q3

The medical office market in Northern Palm Beach County strengthened in Q3 2025 as vacancy fell to 3.9%, down 60 basis points from last quarter and well below the countywide rate of 7.0%. Net absorption rebounded to 16,805 square feet after two soft quarters, while rents rose 1.4% to $37.30 per square foot, up 7.4% year-over-year and nearly 20% above 2020 levels.

Southern Palm Beach County Medical Office Building Report 25Q3

In Q3 2025, the Southern Palm Beach County medical office market showed signs of stabilization after a slow start to the year. Vacancy decreased to 8.7% from 9.1% in Q2, supported by 57,635 square feet of positive net absorption, the first quarterly gain in more than a year. Market inventory inched up to 8.0 million square feet with two newly delivered buildings…

Billionaire Ross’ Firm Strikes Deal to Buy West Palm Beach Hotel

Related Ross, a property firm run by billionaire Stephen Ross, is buying The Ben hotel in West Palm Beach, expanding his bet on the Florida city. The company has agreed to purchase the hotel from Wheelock Street Capital for about $190 million, according to people familiar with the transaction who asked not to be identified discussing private information. Bloomberg…

The Ritz-Carlton Residences, Palm Beach Gardens Marks Major Construction Milestone Ahead of Spring 2026 Completion

The Ritz-Carlton Residences, Palm Beach Gardens continues to make steady progress toward its anticipated Spring 2026 completion. Developed by Catalfumo Companies, led by Chairman, Founder, and CEO Daniel Catalfumo, the 106-unit project comprises three buildings designed by Spina O’Rourke + Partners, with hospitality interiors by Susurrus and residential interiors by…

Office Report: Demand Shifts Nationally as Coworking Gains Momentum

The coworking sector continued to expand in response to hybrid work trends, offering companies flexible, cost-effective alternatives to long-term leases, according to the latest Yardi Matrix national office report. Nationally, flex space accounted for 2.1 percent of total office inventory, up 20 basis points year-over-year. Among the top 25 markets, Chicago saw the…

CRE Lending Momentum Nationally Hits Highest Level Since 2018

As borrowing costs stabilized in the third quarter of 2025, borrowers were eager to borrow and lenders accommodated them, according to CBRE, resulting in lending momentum at its highest level since 2018. Another factor in higher lending volume was tighter spreads, which helped bridge pricing gaps between buyers and sellers, thus spurring deal activity. The CBRE…

Self Storage’s Achilles Heel

Self storage is incredibly vulnerable to an oversupply of new construction, creating too many competing units for a finite market. The vulnerability is heightened during the lease-up period, which lasts 18-30 months after construction completion, especially for a new facility. Lease-up is a very vulnerable time for self storage developers. Whereas other asset types…

Aimco Plans To Liquidate Multifamily Assets And Close Shop

Denver-based Apartment Investment and Management Co., better known as Aimco, plans to ask shareholders to approve its proposal to go out of business. The multifamily owner and operator announced its plan to sell off all of its assets along with third-quarter results Monday after markets closed. The decision ends a strategic review of options that began in January…

Apartment Transactions Continue to Rise Nationally in 2025’s 3rd Quarter

The dollar volume of U.S. apartment transactions continued to trend up during the July to September 2025 time frame, though the number of properties trading hands declined. On an annual basis, both the dollar volume and number of properties trading were up. Roughly 1,680 apartment properties changed hands at a value of $43.8 billion during 3rd quarter 2025, according…

This fintech unicorn just launched an AI agent to handle billions of dollars in CRE lending

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

Real estate titan Barry Sternlicht says he will ‘have to’ drop employees in favor of AI

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

Big-box market stabilizing, setting the stage for the next expansion cycle

After several years of historic growth and a period of rebalancing, the North American big-box industrial market is showing renewed signs of stability and confidence. Major U.S. and Canadian markets have largely reached a point of equilibrium between supply and demand. Development pipelines normalize after the unprecedented construction boom of 2021–2023, and…

U.S. Industrial Real Estate Demand Surges in Q3 2025

Demand for U.S. industrial real estate space surged in the third quarter, with net absorption reaching its highest level since the first quarter of 2023, according to Colliers. Net absorption, which measures the change in occupied space, was 60 million square feet in Q3, an increase of nearly 20 million year over year. Despite the quarterly increase, year-to-date net…

U.S. Industrial Real Estate Demand Surges in Q3 2025

Demand for U.S. industrial real estate space surged in the third quarter, with net absorption reaching its highest level since the first quarter of 2023, according to Colliers. Net absorption, which measures the change in occupied space, was 60 million square feet in Q3, an increase of nearly 20 million year over year. Despite the quarterly increase, year-to-date net…

How AI-Powered Tech Is Reshaping Industrial Real Estate

AI is making its way into industrial real estate in various ways—in building operations but also tenant activities—yet the overall impact on demand for industrial space is still uncertain, according to a new report published by NAIOP Research Foundation and co-authored by Steve Weikal and James Robert Scott of the MIT Real Estate Transformation Lab. E-commerce…

How AI-Powered Tech Is Reshaping Industrial Real Estate

AI is making its way into industrial real estate in various ways—in building operations but also tenant activities—yet the overall impact on demand for industrial space is still uncertain, according to a new report published by NAIOP Research Foundation and co-authored by Steve Weikal and James Robert Scott of the MIT Real Estate Transformation Lab. E-commerce…

Video: Starwood CEO Barry Sternlicht and Fifth Wall CEO Brendan Wallace on the Intersection of Real Estate, Technology, and Economic Policy

In a recent episode of CNBC’s Property Play, real estate magnates Barry Sternlicht, co-founder, chairman, and CEO of Starwood Capital Group, and Brendan Wallace, co-founder and CEO of Fifth Wall, engaged in a robust discussion about the current state of commercial real estate, the impact of technology on the industry, and the broader economic and political factors…

Has the US dollar weakened? : Comparing the dollar against the world’s currencies

What does it mean for a currency to be “strong”? The US dollar is considered stronger than another currency if one or both statements below are true: The prices of goods and services are cheaper in dollars than in that other currency. It costs more than one unit of that other currency to purchase one US dollar. Analysts and politicians have described some…

PNC Bank to Increase Retail Expansion to 300 New Branches in Southeast, Midwest

PNC Bank (NYSE: PNC) plans to open more than 300 new retail bank branches by 2030, adding about 100 new branches to its earlier plan, which was announced last November. The new announcement brings PNC’s total investment in growing its retail footprint to approximately $2 billion. The latest branch expansion plan calls for new locations in markets including…

“You can’t go backwards”: Sam Nazarian says Miami reaches top echelons of real estate, but growing pains linger

Sam Nazarian sees Miami as a city at the highest echelons of real estate, largely due to the in-migration of recent years. But growing pains linger. “You can’t go backwards. Miami now is one of the most important, if not the most important, cities in the world today, but there are different things that drive this,” said hospitality mogul Nazarian, founder of…

Dezer scores $630M construction loan for Bentley Residences in Sunny Isles Beach

Dezer Development landed a $630 million construction loan for the oceanfront Bentley Residences condo project in Sunny Isles Beach, marking the largest financing in South Florida so far this year. New York-based Madison Realty Capital, led by managing principals Brian Shatz, Josh Zegen and Adam Tantleff, is the lender, according to a press release. Berkadia’s Scott…

Sam Nazarian, Marc Anthony’s HQ Hotels to brand condo tower in Miami’s Edgewater

Black Salmon, the Boschetti Group and Constellation Group are teaming up with hospitality mogul Sam Nazarian to launch a branded condo tower in Miami’s Edgewater, The Real Deal has learned. Nazarian’s HQ Hotels & Residences by sbe will manage and brand HQ Residences Miami, a planned 35-story, 229-unit high-rise at 422 Northeast 29th Street in Miami, Nazarian…

JV plans mixed-use project in North Beach after paying $16M for site

Abraham Bergman, Opal Realty NY and The Scharf Group are planning a mixed-use project in Miami Beach, after buying a development site for $15.5 million. The joint venture acquired two parcels at 7410 Collins Avenue and 7400 Harding Avenue in the city’s North Beach neighborhood, near the planned Ocean Terrace development by Witkoff, Alex Blavatnik and Sandor Scher, a…

Ken Griffin’s private yacht marina, Aman Miami Beach approved

A trio of billionaires received good news from the Miami Beach Planning Board on Tuesday. The board approved items related to hedge fund manager Ken Griffin’s private yacht marina on Terminal Island, and tweaks to Vlad Doronin and Len Blavatnik’s Aman Miami Beach development. Griffin, founder and CEO of Miami-based Citadel, secured conditional use approval to…

Miami voters reject old guard, send Eileen Higgins and Emilio Gonzalez to mayoral runoff

For the first time in a long time, Miami’s next mayor won’t be a member of a familial political dynasty. On Tuesday, former Miami-Dade County commissioner Eileen Higgins and ex-Miami City Manager Emilio Gonzalez won first and second place, respectively, in Miami’s mayoral election. However, Higgins did not capture more than 50 percent of the vote to avoid a…

Raoul Thomas’ financially embattled CGI Merchant sells co-working portfolio for $31M

Raoul Thomas’ financially floundering CGI Merchant Group sold its Nexus co-working portfolio for $31 million. Over the past two years, Miami-based CGI Merchant has faced debt woes on its properties and parted with most of its portfolio through either foreclosures or sales. Its troubles came amid elevated interest rates that have increased payments for floating-rate…

13th Floor, Key International launch Nobu-branded Brickell condo project

13th Floor and Key International are launching a Nobu-branded condo tower in Miami’s Brickell, the brand’s first residential project in the city. The announcement follows a controversial fight over the development site, which is on the longtime grounds of the historic First Miami Presbyterian Church at 609 Brickell Avenue. Brickell residents opposing the…

Continuum completes $49M bulk condo buyout in North Miami

The Eichner family’s Continuum Company completed its bulk purchase of a waterfront condo building in North Miami where the firm plans a luxury condo tower. The New York and North Bay Village-based development firm, led by Ian Bruce Eichner, paid $48.5 million for the four-story, 46-unit condo building at 12000 North Bayshore Drive, a spokesperson said. The developer…

Turkish developer loses North Miami Beach apartment tower dev site to lender

Four years after scoring approval for a 354-unit luxury apartment tower in North Miami Beach, developer Celal Ozkan lost the site to the lender in bankruptcy court. An affiliate of CEO Contract, led by Ozkan, will turn over the nearly 1-acre site at 16300 Northeast 19th Avenue to Miami Beach-based Safe Harbor Equity, which had provided an $8.5 million loan for the…

Namdar nabs $460M in construction, bridge loans for 1,400-unit downtown Miami apartment towers

Namdar Group scored $460 million in cross-collateralized bridge and construction loans for its nearly 1,400-unit, two-tower apartment project in downtown Miami. The deal comes amid continuing lending in South Florida, despite higher interest rates and other economic headwinds. Great Neck, New York-based Namdar is developing Phase I with a 43-story, 680-unit tower at…

Ytech scores $565M construction loan for 1428 Brickell condo tower

Yamal Yidios’ Ytech secured $565 million in financing for the firm’s 70-story luxury condo tower that’s under construction in Miami’s Brickell. The construction loan marks one of the largest to close in South Florida this year. J.P. Morgan is the senior lender, and Sculptor Real Estate is the junior lender, according to a press release. JLL’s Melissa Rose…

On eve of election day, considering what new administrations in NYC, Miami mean for real estate

November brings big changes for some of The Real Deal’s markets. New York City begins saying goodbye to Mayor Eric Adams, who dropped his reelection bid in September after months of trailing in the polls. In the final stretch of the mayoral election, Democratic nominee and frontrunner Zohran Mamdani made his case to business crowds, assuring that alongside his…

Lincoln Road landlords and brokers stage a comeback

Scott Sherman still remembers when landlords could get top dollar asking rents for retail and restaurant spaces on Lincoln Road, the outdoor pedestrian mall in Miami Beach. “Eight years ago, rents got ridiculous,” Sherman, who leads Miami-based Torose Equities, told The Real Deal. “They went from $150 to $300-plus a foot. Restaurants fled, national brands…

Time is running out for South Florida developers to cash in on EB-5

South Florida developers are increasingly looking to EB-5 funding to fill gaps in their capital stacks, as foreign investors rush to participate before the program expires. The visa program, which provides green cards to investors and their immediate families whose funds lead to the creation of 10 full-time jobs for U.S. workers, has a minimum threshold of $800,000…

Outpost expands into Miami-Dade with $52M industrial buy

Outpost expanded its industrial portfolio into Miami-Dade County after paying $52.1 million for an outdoor storage site. Chicago-based Outpost, led by CEO Trent Cameron, acquired the 17-acre property at 3200 Northwest 67th Avenue adjacent to Miami International Airport, Marc Smouha with Corepoint RE told The Real Deal. Smouha and Jonathan Marti, also with Corepoint…

Vlad Doronin’s OKO, Blavatnik’s Access seek approval to tweak Aman Miami Beach

Billionaires Vlad Doronin and Len Blavatnik are seeking approval for tweaks to the Aman Miami Beach luxury condo and hotel development that’s under construction. At its meeting on Tuesday, the Miami Beach Planning Board will vote on a comprehensive plan amendment and floor area ratio (FAR) preservation incentive within the Faena District that would benefit the Aman…

Keystone scores $62M loan for office-to-resi conversion project near Dadeland Mall

Keystone Development + Investment scored a $62 million loan for its office-to-residential conversions at two buildings near Dadeland Mall, a rare retrofit in South Florida. Office-to-residential conversions took hold in the Northeast, especially in New York, in recent years, marking new chapters for the towers struggling with higher vacancy due to the growth of hybrid…

“Don’t kill the market”: Developers keep building apartments in South Florida, despite supply overhang

Apartment construction is booming in South Florida, even though the market is past its pandemic-era leasing and rent peak. “Developers are still very bullish on the Miami story,” said Juan Arias, a national director at CoStar Group. “You have a lot [to be completed] in 2027 and 2028.” After Covid’s onset, out-of-staters rushed to South Florida, driving…

Bal Harbour joins lawsuit challenging Florida bill that restricts local control over planning, land use

Bal Harbour will join a lawsuit challenging Senate Bill 180, a law that restricts local governments’ control over planning and land use regulations. It marks the village’s latest fight against state legislation restricting control, following its opposition to the Live Local Act. More than two dozen cities are plaintiffs in the lawsuit against Florida, which was…

NuRock proposes 130-unit affordable apartment project near Opa-locka

NuRock Companies proposes a 130-unit affordable apartment project near Opa-locka, marking its second planned development in the area. Alpharetta, Georgia-based NuRock wants to develop the L-shaped building, called Heritage at Gratigny Park, on a nearly 1-acre vacant lot on the southwest corner of Northwest 120th Terrace and Northwest 27th Place in unincorporated…

South Florida by the numbers: Famous folks flock to Florida

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. What do a legendary movie star, two international pop sensations, an iconic rapper-turned-actor, a sports media maven and a Real Housewife all have in common? They’ve all traded Hollywood lights for South Florida nights, and dropped some…

Related and Macklowe plan to brand North Bay Village condo project as Ritz-Carlton

Another major brand is joining the growing pipeline of luxury condo developments in North Bay Village. Coconut Grove-based Related Group and New York-based Macklowe Properties are in talks with Ritz-Carlton to brand their planned waterfront project on Harbor Island, sources told The Real Deal. The developers secured approval for the two-tower development at two…

Commercial condo association in Coconut Grove seeks $650K from Location Ventures’ receiver

A Coconut Grove commercial condo association wants the court-appointed receiver for disgraced developer Rishi Kapoor’s defunct firm to cough up $650,000 in maintenance fees. It’s the latest dust-up surrounding an unfinished mixed-use project at 3120-3170 Commodore Plaza previously being developed by an affiliate of Location Ventures, the defunct Coral Gables-based…

Namdar Lands $460M for Miami Project

The Namdar Group has landed $460 million in loans for two downtown Miami multifamily towers. A $230 million bridge loan will go toward completion and lease-up of the Phase I project, 55 NE 2nd Street. A $230 million loan is earmarked for construction of Phase II, an adjacent development at 50 NE 3rd Street. SCALE Lending, the debt financing arm of Slate Property…

Ytech Secures $565M for 70-Story Miami Condo Tower

Ytech has obtained $565 million in construction financing for The Residences at 1428 Brickell, a 70-story, 195-unit luxury condo building in Miami. J.P. Morgan and Sculptor Real Estate provided the loan for the project, which is currently under construction. JLL Capital Markets arranged the financing. The project, which broke ground earlier this year, is expected to…

The Project That’s Bringing a Transatlantic Touch to Miami’s Condo Scene

The condo market in Miami continues to attract global capital, but it’s no longer just investors from Latin America driving demand. Europeans are increasingly drawn to South Florida for its long-term value and diversification opportunities. German investors and buyers, in particular, are looking for residences that balance livability with strong investment potential.

Edge House Development Exposes Miami Zoning Code Loopholes

By 6 a.m., a steady mechanical hum seeps into bedrooms at Quantum on the Bay in Edgewater, the soundtrack of Edge House construction on the other side of the narrow alley behind their building. The developer has floated a so-called Good Neighbor Agreement that would have allowed 5 a.m. concrete pours under a city noise waiver, with token concessions like debris…

Namdar Group Nabs $460M Loan For Miami Apartment Towers

A developer known for its empire of “zombie” malls has taken out a nearly half-billion-dollar loan to bring two new additions to Miami’s skyline. New York-based Namdar Group landed a $460M loan from Scale Lending for the construction of two 43-story multifamily towers set to bring more than 1,000 apartments to Downtown Miami, according to a release. “This…

Brickell Developer Secures $565M For Condo Tower: The South Florida Deal Sheet

Ytech is the latest luxury condo builder in South Florida to land more than a half-billion dollars in construction financing this year. JPMorgan Chase and Sculptor Real Estate have combined to provide a $565M construction loan to Ytech for the 70-story Residences at 1428 Brickell tower, the developer announced Monday. Roughly 60% of the project’s 195 condos have…

Oversupply, Softening Rents Spook Would-Be Miami Multifamily Investors

Despite being one of the nation’s most expensive multifamily markets and a magnet for wealthy domestic migrants, Miami isn’t immune to the broader trends of a supply overhang, and investors are noticing. After years of growth and development coming out of the pandemic, South Florida’s apartment market is starting to cool. A flood of new construction is creating…

Developers Eye Wetland Projects After Florida Loosens Mitigation Rules

Wetland projects in South Florida are notoriously difficult to get a handle on for developers who need to jump through strict regulations, receive permits and minimize their environmental impacts. Developers chase them anyway because of how little developable land is left in the region, bounded by the Everglades to the west and the Atlantic Ocean to the east. But a…

Miami-Dade County Medical Office Building Report 25Q3

Miami-Dade’s medical office market displayed healthy fundamentals in Q3 2025 across all key metrics. Vacancy dropped to 6.2%, a decrease of 30 basis points quarter-over-quarter, largely due to strong positive net absorption which reached 56,077 square feet by quarter-end. Furthermore, overall asking rents climbed to a record $44.88 per square foot, reflecting the…

MDH Partners Acquires 1.5 MSF Industrial Portfolio in Southeast, Midwest for $165M; 70k sf in Miami

Atlanta-based MDH Partners has purchased a six-property, 1.5 million-square-foot industrial portfolio in the Southeast and Midwest for $165 million. JLL represented the undisclosed seller in the transaction. The portfolio has an average vintage of 2017, an average clear height of 33 feet and 6.9 years of weighted average lease term remaining, with each property fully…

SCALE Lending Provides $460M in Financing for Two-Tower Apartment Project in Downtown Miami

MIAMI — SCALE Lending, the debt financing arm of New York City-based Slate Property Group, has provided a $460 million cross-collateralized facility on behalf of the Namdar Group for two adjacent apartment towers under development in downtown Miami. The facility will comprise a $230 million bridge loan for the completion and lease-up of 55 N.E. 2nd Street (Phase I)…

MG Developer Breaks Ground on The George Residences, the Final Development in Coral Gables’ Biltmore Square

Work has officially begun on The George Residences, the final phase of MG Developer’s Biltmore Square community in Coral Gables. Located at 717 Valencia Avenue, the boutique project will comprise 13 ultra-luxury townhomes and marks the culmination of MG Developer’s multi-phase vision to bring new residential architecture to one of South Florida’s most…

Gibson Garage to Open Flagship Miami Location at The Wynwood Garage

Goldman Properties has announced a new lease agreement with Gibson Brands to open Gibson Garage Miami, an immersive retail and music destination set to debut in spring 2026 on the ground floor of The Wynwood Garage at 2660 NW 3rd Avenue. The location will mark Gibson’s third global outpost, following openings in Nashville and London, further reinforcing Wynwood’s…

A Miami marine school floated to close labor force gulf

Over the last five years, Miami’s maritime industry has felt a significant labor shortage that has yet to ease. At least part of the solution may come from the classroom. In 2020, Miami Today first reported on the issue, which saw high demand for skilled labor in the marine service industry, an issue affecting all industries during the Covid-19 pandemic. Five…

Five-acre Midtown Park to connect three thriving Miami communities

A partnership of developers is prepared to transform a vacant five-acre site in Midtown with multiple residential towers, office space, parks, restaurants, retail, and a major racquet and padel club. Midtown Park is designed as a sweeping master plan for 3055 N Miami Ave., connecting Midtown, Wynwood and the Design District in Miami. The city’s Urban…

Ytech Secures $565 Million in Construction Financing for The Residences at 1428 Brickell

Ytech, led by CEO Yamal Yidios, has secured $565 million in construction financing for The Residences at 1428 Brickell, a 70-story luxury condominium tower currently under construction in Miami’s Brickell neighborhood. J.P. Morgan is serving as the senior lender, with Sculptor Real Estate as the junior lender. Melissa Rose and Brian Gaswirth of JLL Capital Markets…

New Renderings Revealed for The William at 2040 NE 163rd Street in North Miami Beach

New renderings have been revealed for The William, a 26-story residential tower at 2040 NE 163rd Street in North Miami Beach. Developed by Blue Road and Ilia Development Group, the project introduces 374 residences with architecture by Carlos Ott in collaboration with Behar Font & Partners, interiors by Urban Robot, and sales and marketing by Fortune Development…

Berkadia Provides $17.8M Agency Refinancing for RAM Miami River North Multifamily

Berkadia has arranged a $17.8 million Fannie Mae loan for the refinancing of RAM Miami River North, a 96-unit apartment community in the Little Havana area of Miami. The borrower, Rental Asset Management (RAM), acquired the property in 2022, the same year it was developed. Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins and Hugo Hernandez of Berkadia’s…

J.P. Morgan, Sculptor Real Estate Provide $565M in Construction Financing for Downtown Miami Residential Tower

MIAMI — J.P. Morgan (NYSE: JPM) and Sculptor Real Estate have provided $565 million in construction financing for The Residences at 1428 Brickell, a 70-story multifamily tower in downtown Miami’s Brickell Financial District. The borrower is Ytech, a locally based luxury residential development firm led by Yamal Yidios. A breakdown of the financing package was not…

Related Secures Funding for The Gallery at Wagner Creek at 1165 NW 11th Street in Miami’s Health District

The Related Group has secured financing for The Gallery at Wagner Creek, a 27-story mixed-income tower planned for Miami’s Health District. This project will introduce 460 residential units next to the UHealth–Jackson Metrorail Station located at 1165 NW 11th Street. It marks the first phase of Related’s long-term redevelopment vision for the area surrounding…

Construction Starts on First Phase of Princeton Commons at 24550 SW 127th Avenue in Homestead

Following the acquisition of a $60 million construction loan, Alta Developers has started construction on the first phase of Princeton Commons, a multi-phase residential community in Miami-Dade County. The first phase is set to feature 308 apartments in nine buildings. The structures will range from three to seven stories; the homes themselves will range from…

WD Capital Group Arranges $15.85 Million Acquisition Loan for Doral Inn & Suites Miami

WD Capital Group has arranged a $15.85 million acquisition loan for the Doral Inn & Suites Miami, a 112-key hospitality property located at 1212 NW 82nd Avenue in Miami. The asset was acquired by Ratia Real Estate Development LLC, led by Ricardo Ratia, as part of a strategic expansion within Miami-Dade County’s hospitality sector.

Washington Prime sells Coral Springs shopping center for $61M

Washington Prime Group sold a Coral Springs shopping center for $60.5 million to a joint venture led by Carlyle Management Group. Two affiliates of Boca Raton-based Carlyle Management, led by Charles Rosner, and an entity managed by Edward Rutkovsky in Boca Raton bought Royal Eagle Plaza at 9100-9190 Wiles Road, records and real estate database Vizzda show. The buyer…

Perkins Realty expands South Florida commercial portfolio with $27M Coral Springs buy

Perkins Realty Management boosted its South Florida commercial real estate portfolio by acquiring a Coral Springs medical office and retail plaza for $26.5 million. An affiliate of Deerfield Beach-based and Lynn, Massachusetts-based Perkins Realty, led by Andrew Perkins, bought Esplanade Center at 901-1001 University Drive, records and real estate database Vizzda show.

Broward County Medical Office Building Report 25Q3

Broward County’s medical office market softened further in Q3 2025 as total vacancy climbed to 11.7%, up from 8.3% a year earlier and marking a five-year high. Negative absorption persisted for a third consecutive quarter at -27,554 square feet, bringing year-to-date losses to 327,202 square feet. Despite weaker demand, rents edged higher to $34.96 per square foot…

Selene Oceanfront Residences Welcomes Owners at 151 N. Seabreeze Boulevard in Fort Lauderdale Beach

Kolter Urban has announced that Selene Oceanfront Residences, a new dual-tower condominium development in Fort Lauderdale Beach, is now officially welcoming owners. Located at 151 North Seabreeze Boulevard, the 300-foot-tall structures were designed by Kobi Karp Architects with interiors by ID & Design International and built by Coastal Construction Company. The…

Viceroy Residences Fort Lauderdale Partners With The Fort To Offer Exclusive Memberships

Naftali Group’s Viceroy Residences Fort Lauderdale has announced a partnership with The Fort, South Florida’s premier sports, wellness, and social destination. As part of this collaboration, the first 200 condominium buyers will receive annual memberships to the Fort Lauderdale Pickleball Club. “Partnering with The Fort allows us to bring a new level of…

Work Completes And Final TCO Issued For Gables Riverwalk In Downtown Fort Lauderdale

Work has been completed on Gables Riverwalk, a 43-story residential tower located along the north side of the New River at 333 North New River Drive East in the Las Olas section of Downtown Fort Lauderdale. Designed by Borges Architects & Associates with CFE Architects as the architect of record and interior design by ID & Design International, and developed…

Pompano Beach DRC to Review ‘Atlantico’ at 2233 E. Atlantic Blvd in Pompano Beach

Pompano Beach’s Development Review Committee intends to review plans for a mid-rise multi-family housing development on Wednesday. If approved, the community would replace a row of storefronts that currently host two locally owned restaurants and commercial space. Plans for Atlantico call for an eight-story building on a half-acre lot. Upon completion, the…

Groundbreaking Expected In 2026 For Icon Beach Waterfront Residences In Hollywood

Related Group and BH Group are preparing to break ground in 2026 on Icon Beach Waterfront Residences, a 38-story, approximately 400-foot-tall luxury condominium tower planned at 3724 South Ocean Drive in Hollywood, Florida. Designed by CFE Architects, with interiors by Meyer Davis and landscape architecture by Witkin Hults + Partners, the project will introduce…

Hollywood, Florida, Sees More Than $1 Billion in New Development as Regional Growth Accelerates

Hollywood, Florida, is seeing a steady rise in development activity as investors and builders extend their focus north of Miami into emerging coastal submarkets. Recently named among the “5 Florida Beach Towns to Buy Property in the Next 5 Years,” the city has recorded consistent absorption and rental performance that rivals neighboring Fort Lauderdale and West…

Lease roundup: Swedish candy store and British childrenswear shop opened at The Royal Poinciana Plaza in Palm Beach

The Royal Poinciana Plaza in Palm Beach scored two new tenants. Swedish candy store ScandyCandy opened on Saturday, and British childrenswear boutique La Coqueta opened last month at The Current, a retail hub at The Royal Poinciana Plaza, according to the landlord’s news releases. ScandyCandy, created by brothers Calle and Wille Olsed, has one other U.S. outpost at…

Knives out: Developers clash over West Palm Beach condo buyouts

In the gold rush that is real estate development in West Palm Beach, nothing is more valuable than the dirt on waterfront Flagler Drive. But there is no vacant land left for sale. Aging condos inhabit the remaining development sites, their boards controlled by unit owners with differing opinions on the fate of their tropical escapes. As they try to woo these often…

Palm Beach approves OKO, Cain’s condo project after months of back-and-forth

OKO Group and Cain International won initial approval to move forward with their planned three-building oceanfront condo project in Palm Beach. The proposed five-story, three-building complex has undergone multiple revisions since the first presentation to Palm Beach’s notoriously severe Architectural Review Commission (Arcom) in March. In the meeting on Wednesday…

Steve Ross proposes $290M West Palm convention center hotel, his second in the city

Billionaire Steve Ross, a dominant force in West Palm Beach real estate, proposes his second convention center hotel in the city. Ross’ Related Ross plans a $290 million Curio by Hilton with 400 keys at its site at 900 South Rosemary Avenue, and is seeking to sell the property to Palm Beach County for $1 and then lease it back for 99 years. The deal would allow the…

Meet the Frisbies, Palm Beach’s homegrown real estate dynasty

The real estate industry is no stranger to dynastic rule. For as long as real estate has been a business, it’s been a family business. That tradition is alive and well with the Frisbie Group, a Palm Beach homegrown development firm where nearly every employee shares the same last name. Decades into the business, the family is aiming for the big leagues, partnering…

Penn-Florida sells assisted living dev site in Boca Raton for $27M, resolves foreclosure suit

Facing foreclosure on its development site in Boca Raton, Penn-Florida Companies sold the 1-acre lot previously planned for an assisted living facility for $27 million. Led by Mark Gensheimer, Penn-Florida sold the vacant property at 375 East Royal Palm Road to Boca Raton-based SobelCo, according to records and real estate database Vizzda. SobelCo, a real estate…

Palm Beach County Medical Office Building Report 25Q3

Palm Beach County’s medical office market rebounded in Q3 2025, with vacancy falling to 7.4%, a drop of 20 basis points quarter-over-quarter and 90 basis points from the previous year, driven by positive net absorption which totaled 52,521 square feet. Concurrently, the market delivered 24,300 square feet bringing the year-to-date total to over 100,000 square feet.

U.S. Office Market Rebounding Faster Than Expected, CoStar Finds

A new report by CoStar projects the U.S. office market will outperform earlier forecasts, but it still faces macroeconomic headwinds. After the average vacancy at U.S. offices declined in the third quarter for the first time since 2019 — dropping 5 basis points to 22.5%, according to JLL — CoStar has revised its outlook for the market in 2026 from negative to…

New Supply Still Commands a Premium in Today’s Apartment Market

New apartments are still commanding a rent premium over stabilized assets. As of September, lease-up rents among institutional assets averaged $1,982 per month across more than 433,000 units working toward stabilization. That was a 6% premium over rates of $1,871 for stabilized properties, which shows new supply continues to differentiate itself even in a cycle with…

There’s an outperforming real estate sector hiding in plain sight

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

Commercial real estate deals are slowing, but these two beleaguered sectors are shining

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

Why global investment firm Nuveen is betting on this niche real estate subsector

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

Video: AFIRE CEO Gunnar Branson Discusses the State of Foreign Investment in U.S. Commercial Real Estate

The commercial real estate market in the United States is a complex ecosystem influenced by a myriad of global factors. One of the most intriguing elements of this market is the role of international investors. Their decisions, motivations, and concerns can significantly impact the flow of capital and the overall health of the market. This was the focus of a recent…

Managing interest rates for monetary policy : Fed rates, market rates, and the target range

The Federal Open Market Committee (FOMC) sets or manages several interest rates related to monetary policy. The FRED Blog has discussed this before. Today we tap into some recently added FRED data to describe how the Federal Reserve System keeps the effective federal funds rate (the FOMC’s preferred monetary policy instrument) between its upper and lower target…

How Foreign Investors Are Driving Miami’s Boom

Financial incentives, abundant opportunities and a business-friendly culture have made Miami one of the three most attractive U.S. commercial real estate markets for foreign investors. “Not only do we have the domestic investors from New York, Chicago and California but we also have investors from other markets bringing their wealth here because they see that Miami…

European Developer JV Reveals $650M Miami Tower

Miami Beach-based Prosper Group has formed a joint venture with Versluys Group to develop a 57-story, $650 million ultra-luxury waterfront residential tower in Miami. Versluys Group, based in Belgium, is a major European property developer, and this is its first project in the United States. The tower will rise over the Miami River in Brickell, the city’s financial…

Prosper Group And Versluys Group Form Joint Venture For 60-Story, $650 Million Waterfront Tower In Brickell

Prosper Group, a Miami-based real estate firm led by Jay Roberts, has announced a joint venture with Belgium’s Versluys Group, one of Europe’s leading luxury property developers, to deliver a $650 million ultra-luxury waterfront residential tower on the Miami River in Brickell. The collaboration marks Versluys Group’s official entry into the United States market.

Prosper partners with Belgian developer on $650M Brickell luxury condo tower

Prosper Group is partnering with a Belgian developer on a planned $650 million luxury condo tower along the Miami River in Brickell, The Real Deal has learned. Versluys Group, led by CEO Bart Versluys and COO Peter De Decker, is a joint venture partner with Miami Beach-based Prosper Group, led by Jay Roberts, on the development of the waterfront assemblage at 99…

Crafting a Vision for Inclusion at SoMi Parc in Miami

For people with vision impairment, everyday life requires more than intuition. It relies on environments designed to guide movement, support safety and foster confidence. At Residences at SoMi Parc, a new community in Miami, architecture meets accessibility in ways that redefine what inclusive housing can look like. Developed by Related Group in partnership with Miami…

Struggling Malls Become Some Of South Florida’s Hottest Development Targets

Increased demand for housing and a scarcity of land have brought decades-old malls with acres of surface parking to the top of developers’ shopping lists. In the last year, three South Florida malls have announced or launched major redevelopments that will add thousands of new residential units and hundreds of hotel rooms around upgraded retail space to lure back…

Eichner’s Continuum sued over financing for North Miami condo buyout deal

Ian Bruce Eichner’s Continuum Company is being sued by a lender that alleges it’s owed more than half a million dollars in fees tied to the firm’s planned condo buyout in North Miami. Boston-based CW Investment Advisers filed a lawsuit against New York-based and Miami-based Continuum over the financing backing the $61 million buyout of the Mariners Bay condo…

Comras under contract for retail portfolio on Miami Beach’s Lincoln Road

Michael Comras’ company is under contract for a retail property portfolio on Miami Beach’s Lincoln Road. Miami Beach-based Comras Company is buying several properties from Morgan Stanley Real Estate Investing and Stephen Bittel’s Terranova, with the price pegged at about $140 million, Commercial Observer reported. The properties include 600, 719–737, 741…

Witkoff, partners launch Ocean Terrace condo and hotel project in North Miami Beach with $200M in presales

Witkoff Group, and Alex Blavatnik and Sandor Scher’s Ocean Terrace Holdings launched sales of their planned North Beach condo and hotel development with more than $200 million in presales. Witkoff, led by CEO Alex Witkoff, joined the Ocean Terrace project earlier this year, reviving the long-planned mixed-use development. The project, designed by Revuelta…

Lease roundup: Genting scores Canadian vocational school in Miami, New York restaurant opening at Moxy in Wynwood

A Canadian trade school will open its first U.S. campus in Miami’s Arts & Entertainment District. Skilled Trades College leased 30,000 square feet at Genting’s Omni Offices at 1501 Biscayne Boulevard, according to Colliers’ Kevin Gonzalez. The school is expected to open late summer next year. Gonzalez was part of the team that represented the landlord, and…

Here’s what led to Michael Shvo’s exit from the Raleigh Miami Beach project

In the fall of 2023, developer Michael Shvo told a crowd of real estate professionals that buyers were paying up to $12,000 per square foot for condos at the planned ultra-luxury Raleigh project in Miami Beach. “We probably have the most expensive product in Miami Beach,” Shvo said at The Real Deal’s Showcase and Forum. “We are seeing high-profile…”

North Miami Beach dev site approved for 1,217-unit megaproject hits market for $26M

A North Miami Beach development site approved for a 1,217-unit mixed-use megaproject hit the market for roughly $26 million, after a previous contract fell through and led to lawsuits, The Real Deal has learned. The nearly 3-acre site on the northeast corner of Northeast 163rd Street and Harriet Tubman Highway was home to North Miami Beach staple Laurenzo’s Italian…

Andrew Korge cancels $28M offer for former Rishi Kapoor dev site in Coconut Grove

Andrew Korge terminated his firm’s $28.2 million offer for a stalled mixed-use project site in Coconut Grove tied to disgraced developer Rishi Kapoor. An affiliate of Korge’s Miami-based KOR Development walked away from the potential purchase of the development site at 3120-3170 Commodore Plaza, a year after reaching an agreement with Bernice Lee, the…

Miami mayoral candidates jockey for real estate donations

After city leaders lost a summer-long legal skirmish to postpone Miami’s November election to next year, the mayor’s race and two city commission races are back on. Now, all eyes are on the battle royale to replace termed out incumbent mayor Francis Suarez, in a fight featuring 13 contenders. Seven candidates are new faces to Miami’s rough-and-tumble political…

Atlantic Pacific, Catholic church propose 600 affordable apartments in Leisure City

Atlantic Pacific Companies and the Archdiocese of Miami want to develop a 600-unit affordable apartment complex next to the St. Martin de Porres Catholic Church in Leisure City. Miami-based Atlantic Pacific and the Archdiocese of Miami propose the complex with five apartment buildings with roughly 120 units each at 28520 Southwest 148th Avenue in unincorporated…

L&L, Oak Row Open 1 MSF Wynwood Plaza Mixed-Use Campus

MIAMI — L&L Holding Co. and Oak Row Equities, along with project partners Shorenstein Investment Advisors and Claure Group, have opened Wynwood Plaza, a 1 million-square-foot mixed-use campus located at 95 N.W. 29th St. in Miami. The project is anchored by a luxury apartment community, shops and restaurants surrounding a half-acre public plaza and a 12-story…

ANF Completes 99-Unit Affordable Seniors Housing Community in Opa-Locka

Construction and development firm ANF has completed the construction of Wellspring Apartments, a new affordable seniors housing community located in Opa-locka, roughly 15 miles northwest of Miami. The Integral Group was the developer. Totaling 99 units, Wellspring Apartments features studio, one- and two-bedroom apartments. Residences are reserved for seniors earning…

One West Twelve Residences Breaks Ground In Miami’s Historic Overtown

Property Markets Group (PMG), in partnership with Lion Development Group and LNDMRK Development, has officially broken ground on One West Twelve Residences (ONE W12), a 372-unit residential development designed by CUBE 3 in the heart of Historic Overtown. The groundbreaking took place on October 1, marking the start of construction on a project that aims to blend…

Banco Santander getting Miami-Dade county incentives to add 250 jobs

Banco Santander, a global Spanish bank that is replacing its building at 1401 Brickell Ave. with a 40-story tower where it plans to create 250 jobs, has won $5 million in Miami-Dade County targeted jobs incentives. Salaries for the 250 new jobs are to average $115,000 plus benefits of $25,000 each. The real estate investment in the site is $290 million, the Beacon…

Revamped Coral Gables Mobility Hub rolls rapidly ahead

Following an update on new design components for the Coral Gables Mobility Hub, the city commission is moving forward with the next steps to commence construction. With a 3-2 vote in favor at this week’s commission meeting, M. Arthur Gensler Jr. & Associates Inc. presented new renderings of the proposed “Carved by Nature” design option that was previously…

As city of Miami delays transfer, Bayfront Park trust lives on

Following a summer decision to dissolve it, the Bayfront Park Management Trust’s Jan. 1 handover is being delayed to keep park programming and events running smoothly. Miami commissioners last week debated the upcoming transfer of the Bayfront Park Management Trust’s operations to city administration. They ultimately voted to withdraw the July ordinance…

Coral Gables City Hall heads rapidly toward restoration

Coral Gables officials were presented Tuesday with what they were told is needed to bring City Hall back fully restored and operational. A detailed rundown of damages and recommended repairs for City Hall was explained by Richard Heisenbottle, founding president of R.J. Heisenbottle Architects, who is head of the historic building’s repair assessment and design…

47-story Edgewater residential tower wins board approval

A new mixed-use residential tower planned for Edgewater is bringing needed affordable housing to Miami, along with ground floor retail. Tulip Developments Group LLC is the owner-developer of 3350 Biscayne, designed for a vacant property at 280 NE 34th St. The tower is to rise 47 stories and be home to 499 residential units, 5,555 square feet of commercial-retail…

In Miami, the fans don’t sing Take Me Out to the Ballgame

With the baseball season ending, fans watching the World Series this week were inundated with statistics. No other sport pays as much attention to percentages and numbers and records of every player and team and trend and how long the records have stood.  We even learn about audiences. Between 15% and 25% of the Canada’s entire population has viewed on television…

Ginard Studio’s Smart Brickell Luxe Shows Signs of Vertical Construction at 885 SW 3rd Avenue in Miami

Vertical construction is now underway on Smart Brickell Luxe, the third and final tower within the Smart Brickell development in Miami’s Brickell neighbourhood. Designed by Ginard Studio and developed by Habitat Group, the project is rising at 885 SW 3rd Avenue, with permits filed under 267 SW 9th Street. The tower represents the culmination of the Smart Brickell…

68-Story ‘Calle 8’ Skyscraper Gets Refined Design and Program in Latest Miami-Dade County Filing

New filings with Miami-Dade County reveal an updated vision for Calle 8, a 68-story mixed-use tower proposed at 190 Southwest 8th Street in Miami’s Brickell neighborhood. The project is being developed by Millennium Developments of Brickell, an affiliate of G&G Business Developments, the same firm behind Aston Martin Residences in Downtown Miami. The design is…

Cipriani Residences Miami Reaches Halfway Mark as 80-Story Tower Rises Over Brickell

Cipriani Residences Miami continues its steady vertical rise at 1420 South Miami Avenue, reaching the halfway mark of construction as the structure climbs past its 44th level. Developed by Mast Capital, the 80-story, approximately 940-foot-tall tower is designed by Arquitectonica, with interiors by 1508 London, structural engineering by Thornton Tomasetti, and Moss…

‘St. Martin de Porres Residences’ Affordable Housing Proposed for 28520 Southwest 148th Avenue in Homestead

Atlantic Pacific Companies in partnership with the Archdiocese of Miami has plans for an affordable housing development in Leisure City. The project, called St. Martin de Porres Residences, would comprise 600 apartments spread among five buildings measuring four and five stories. They would comprise 120 units each. The multi-family development would also feature…

80-Story Cipriani Residences Tower Already Halfway Up: ‘One Of Fastest In Miami History’

A Brickell supertall tower has reached the halfway point of vertical construction, in what is being called one of the fastest vertical construction paces in Miami’s history. Cipriani Residences Miami is racing skyward, climbing one level every three working days. The building is using a next-generation, self-climbing slip form system that allows the…

3D Zoning: Miami’s TSND Legislation Expands Toolbox for Transit Oriented Development

On July 24, 2025, the City of Miami adopted new legislation establishing Transit Station Neighborhood Districts (TSNDs), intended to accelerate transit-oriented development near current and future rail stations. This “TSND Legislation” gives developers a powerful new tool, complementing Florida’s Live Local Act and Miami-Dade County’s expanding Rapid Transit Zone…

Joint Venture Announces Plans For $650M Ultra-Luxury Tower In Brickell

A joint venture has been formed to develop a new tower in Brickell, according to a press release. Prosper Group of Miami said it was forming a partnership with Belgium’s Versluys Group for the new development. The new tower is planned on three parcels – 99 SW 7th Street, 66 SW 6th Street, and 625 SW 1st Avenue – which Prosper Group acquired earlier this year. It…

600 Miami Worldcenter Tops Off, Around 18 Months After Groundbreaking

Another tower at Miami Worldcenter has topped off. The building is known as 600 Miami Worldcenter. It broke ground in March 2024, with vertical construction beginning around six months later. The structure now stands at 32 stories, after a top-off ceremony held in September. Contractors are now continuing with interior build-out. 600 Miami Worldcenter will have 606…

Billionaire Ken Griffin: Miami Has ‘Extraordinarily Safe Streets,’ One of Most Vibrant Cities in World

Billionaire Ken Griffin has revealed new details about a mixed-use Brickell supertall tower his company is planning, while also continuing to praise the region. Griffin’s Citadel relocated to Miami in 2022, and he is now planning a new headquarters building for the company. “That’s going to be around a $2.5 billion tower,” Griffin told…

Plans Submitted For 1,100 Apartments at Palmetto Metrorail Station in west Miami-Dade

Another major transit-oriented-development is planned at a Metrorail station. A filing for site plan approval was submitted to Miami-Dade on October 21. The development is to be built on land leased from Miami-Dade at Palmetto Station. It is planned to include: 1,141 residential units (805,056 leasable square feet, average size 706 square feet) …

Bayside Lease Amendment Possible With ‘New Alternative Development Proposal’

Miami commissioners are scheduled to have a hearing on a proposal that could see Bayside’s lease modified. According to the text of a proposed resolution, the city manager could be authorized to negotiate and execute the lease amendment. The amendment could include “Tenant’s new alternative development proposal in lieu of a Tower,” the resolution states. The…

National Securities Exchange Opens First Miami Trading Floor

A securities trading floor is now open in Miami. MIAX Sapphire opened the 38,400-square-foot options trading floor in Wynwood last month. The company is the first national securities exchange to open a trading floor in Miami. The facility is also only the second open outcry trading floor to launch in the last 50 years. “Miami is quickly emerging as a major global…

Fort Lauderdale International Boat Show touts $1.8 billion of economic impact

The Fort Lauderdale International Boat Show is kicking off its 66th year and runs from Oct 29- Nov 2. The show will have around three million square feet of exhibit space across seven locations, the Bahia Mar Yachting Center, Las Olas Marina, Hall of Fame Marina, Superyacht Village at Pier 66 South, Pier 66 Marina, the Broward County Convention Center and the 17th…

Sotherly defaults on DoubleTree Hollywood’s $49M loan

Sotherly Hotels defaulted on its $49.2 million loan on a Hollywood resort near the ocean. The debt on the 10-story DoubleTree Resort by Hilton Hollywood Beach with 311 keys, at 4000 South Ocean Drive, entered special servicing after missing the Oct. 1 due date to pay off the loan, according to Morningstar Credit and Sotherly’s second quarter Securities and Exchange…

Astor Park Tops Out At 333 Northeast 6th Street In Fort Lauderdale’s Flagler Village

Astor Park, formerly known as Advantis Station, has officially topped out at 333 Northeast 6th Street in Fort Lauderdale’s Flagler Village. Developed by Midtown Capital Partners and designed by Baker Barrios Architects, the 12-story, two-tower mixed-use development occupies a 1.42-acre site across from Peter Feldman Park within one of the city’s most active urban…

Blackstone Sells Palm Beach Apartments For $193M: The South Florida Deal Sheet

Blackstone sold a Palm Beach apartment complex for $90M more than it paid eight years ago. The New York-based investment giant sold the 476-unit San Marano at Mirasol Apartments to TA Realty for $193M, according to property records provided by Vizzda. This is the second time TA Realty has owned the multifamily community, after buying it in 2010 for $69M and then…

Terra, Frisbie scale back controversial One Boca megaproject proposal

Terra and Frisbie Group presented a scaled back plan for their proposed One Boca megaproject in Boca Raton, slashing the housing and office components in the development. It marks the latest iteration of the developers’ February plan to redevelop Boca Raton’s city government campus at 201 West Palmetto Park Road. The new proposal calls for 769 apartments, 186…

13th Floor, partners score $139M refi for 420-unit apartment complex in Delray Beach

13th Floor Investments and its partners scored a $139 million refinancing for a 420-unit apartment complex in Delray Beach, amid a continuing lending flurry in South Florida. Coconut Grove-based 13th Floor, Brickell-based Key International, West Palm Beach-based Wexford Real Estate Investors and Boca Raton-based CDS International completed the Savio apartment complex…

Related, BH seek height bonus for planned 27-story condo in West Palm Beach

Related Group and BH Group are dangling $4.8 million for park and public transit improvements in West Palm Beach to score approval for a 27-story waterfront condominium. The joint venture is seeking a height bonus of 195 feet for a 0.8-acre development site at 2001 North Flagler Drive that is currently zoned for a building capped at 111 feet tall, according to recent…

TA Realty buys 476-unit apartment complex in Palm Beach Gardens for $193M

TA Realty picked up a 476-unit apartment complex in Palm Beach Gardens for $193 million, marking a continuing uptick of multifamily investment sales in South Florida. Boston-based TA Realty bought the gated garden-style community at 100 Portofino Drive from New York-based Blackstone, according to records and real estate database Vizzda. The deal breaks down to…

TA Realty buys 476-unit apartment complex in Palm Beach Gardens for $193M

TA Realty picked up a 476-unit apartment complex in Palm Beach Gardens for $193 million, marking a continuing uptick of multifamily investment sales in South Florida. Boston-based TA Realty bought the gated garden-style community at 100 Portofino Drive from New York-based Blackstone, according to records and real estate database Vizzda. The deal breaks down to…

Three developers to compete for Riviera Beach land

Forest Development, Kenco Communities and a partnership led by Frontier Development & Hospitality Group will make presentations to Riviera Beach officials next month, as they compete to acquire 2.2 acres of vacant publicly owned land near the waterfront. Riviera Beach’s Community Redevelopment Agency received five proposals in response to a request for offers to…

Construction Starts on ‘the Waterview Apartments in Mangonia Park’ at 4455 Tiffany Drive South in West Palm Beach

Construction has started on the Waterview Apartments in Mangonia Park, a multi-family rental development for low-income seniors and disabled adults in West Palm Beach. Developers Sun Foundation, Inc. and Rich Global are proceeding with a $54 million community that would feature a six-story building with 140 residences. Per county records, 56 units would be reserved…

Developer Proposes Three-Tower Mixed-Used Project at 3140 Lake Shore Drive in West Palm Beach

KMG Holdings, LLC has plans for a massive mixed-use development in Riviera Beach. The project has been in the works since 2018, initially imagined as a single tower. Now, after much consideration, it has evolved into something much bigger. The Waterway would feature three towers. The two 21-story towers would measure 260 feet at their highest points, comprising 239…

Is Industrial CRE Benefiting From Tariffs and Reshoring?

It’s one of the overarching—some may say looming—themes of 2025: tariffs. The situation seems to evolve by the day, with the Trump Administration often sending mixed signals on whether the purpose of the levies is to return manufacturing to the U.S. or boost tax revenues. The industrial real estate sector has been closely watching tariff developments to evaluate…

What Multifamily Investors Should Know About Self Storage

If you’re invested in multifamily real estate, you already likely understand the benefits of recurring income, property appreciation, and long-term demand for housing. But there’s another property type that shares many of these advantages, while offering some unique benefits that may help balance and strengthen your portfolio: self storage.For decades, many…

BBX Sells Off Industrial Arm To FRP Holdings For $33M

BBX Capital, which develops multifamily properties and owns nationwide candy retailer It’sugar, has sold its industrial portfolio and the team that operates it in a $33.5M deal. Fort Lauderdale-based BBX sold Altman Logistics Properties to Jacksonville- and Baltimore-based FRP Holdings Inc., the companies announced Wednesday. FRP bought stakes in five industrial…

Property Owners Caught In The Middle Of Florida’s New Open-Carry Law

Todd Nepola had always noticed the “no firearms or weapons” signs bolted to the walls of Aventura Mall, but he had never thought to do the same at the 95 retail properties his company, Current Capital Real Estate Group, owns and manages around the state. Until last month, when his tenants started calling him. That’s when a Florida appeals court struck down the…

U.S. Apartment Demand Nationally Fell Notably Short of Supply in 3rd Quarter

U.S. apartment demand slowed in 3rd quarter, coming in well behind concurrent supply volumes. A little over 42,430 market-rate units were absorbed in the July to September time frame. This performance was about half the decade average for the market and quite a slowdown from what the U.S. has seen in much of the past two years. This pullback seems to be driven largely…

Recovery Trends Strengthen Across U.S. Markets

The U.S. office market is moving closer to recovery as more regions experience occupancy gains. Manhattan continues to lead the country, with pre-pandemic levels of leasing activity driving significant absorption and lowering vacancy rates. Select markets are beginning to see speculative construction starts as developers project future growth and expansion in those…

How the Evolution of Design Is Transforming Retail

Retail spaces have changed dramatically over the past decade. Enclosed environments, once leading the trend in the industry, have been traded for open-air environments. Many properties that were once solely occupied by retail tenants now have multiple uses, including entertainment, office, multifamily and hotel. In a time when it’s tough to develop, smaller…

Video: Nareit SVP of Research Ed Pierzak Provides REIT Insights & Market Trends

The commercial real estate landscape is constantly evolving, influenced by a myriad of factors including economic shifts, policy changes, and market dynamics. A recent episode of America’s Commercial Real Estate Show delved into the performance and outlook of Real Estate Investment Trusts (REITs), a critical component of the real estate investment landscape. The…

Brightline Introduces New Short Distance Train Network

Brightline says it has introduced new dual network service in the Miami area as of October 6. The company now operates the new train service running exclusively on the short-haul route between Miami and West Palm Beach. Brightline has also changed its short distance pricing structure, offering peak and off-peak prices at fixed times. As of this morning, Brightline’s…

Terra and New Valley nab $130M refi for northwest Miami-Dade multifamily project

Terra and New Valley landed a $129.7 million refinancing for Natura Gardens, a 460-unit apartment community in northwest Miami-Dade County. New York Life Insurance Company and an affiliate of Blackstone provided the loan for the complex at 17351 Northwest 94th Court near Hialeah, according to a statement from a Terra spokesperson. Keith Kurland and Michael Diaz with…

Rok family’s mortgage firm takes ownership of distressed Aventura site

A months-long legal battle between Rok Lending and Miami developer Marlon Gomez over a foreclosed development site in Aventura appears to be nearing an end after a slew of bankruptcy filings and failed last-minute court maneuvers. An affiliate of Aventura-based Rok Lending, led by CEO Bryan Morjain, paid $477,800 for the 1.6-acre property at 21291 Northeast 28th…

Lennar proposes 3D-printed homes in Miami’s Redland

Fresh off completing the largest known 3D-printed homes community in Texas, Lennar is proposing to incorporate 3D-printed homes in one of its south Miami-Dade County projects. Miami-based Lennar, led by Stuart Miller and Jon Jaffe, is proposing 3D-printed model homes at the 31-acre development site where it plans 88 homes in the Redland neighborhood, according to its…

META Development introduces a Boutique alternative: curated residences for privacy and architectural balance

In a city dominated by branded towers and soaring luxury condos, one Miami developer is rewriting the rules with its “Go Boutique” philosophy, prioritizing intimacy, individuality and elevated design over scale. META Development is challenging the status quo through two limited-edition residences – OPUS and Colette – that blend the privacy of a home with the…

Meta Development launches sales for boutique Brickell condo project

Andrew Rasken’s Meta Development is launching sales for Colette, a boutique condominium planned in Miami’s Brickell neighborhood. With the launch, Rasken is betting that size matters in a market saturated with large-scale luxury projects, many of them boasting hundreds of units and brands like St. Regis and Dolce & Gabbana. Rasken’s Colette is a five-story…

Vlad Doronin’s OKO, Jamal Daniel’s Bastion Collection partner on exclusive 830 Brickell club, restaurant

Vlad Doronin’s OKO Group and The Bastion Collection have partnered on a planned restaurant and exclusive club on the top two floors of the 830 Brickell office tower. Miami-based OKO and Bastion, a subsidiary of Houston-based Crest Investment Company, plan Seia with an Italian restaurant and members-only club on the 54th and 55th floors of the tower, according to a…

Bankruptcy court approves Terra’s Miami Seaquarium takeover

A bankruptcy court approved Terra’s lease takeover of the Miami Seaquarium property in Key Biscayne. David Martin’s Coconut Grove-based firm has a $22.5 million lease deal in place for the 38-property at 4400 Rickenbacker Causeway, which is owned by Miami-Dade County. The deal, which still requires county commission approval, marks the next chapter for the Miami…

A “bad deal” and a “joke”: Miami board approves Jungle Island rezoning, despite concerns

A city of Miami board voted to approve a rezoning of a portion of the Jungle Island property, which Terra and ESJ Capital Partners’ Ecoresiliency Miami plan to redevelop. Miami’s Planning, Zoning and Appeals Board voted to amend the existing Jungle Island special area plan and rezone about 5.4 acres of the nearly 19-acre site to T6-36 from T6-12. The rezoning…

Shvo’s Stalled Miami Beach Luxury Condo Project Sold For $270M

Michael Shvo sold the Miami Beach site of the Raleigh hotel, abandoning a $2B redevelopment plan as his company faces a wave of lawsuits and debt troubles. New York-based Nahla Capital paid roughly $270M to acquire the property, Bloomberg reported. It’s the second Miami development site Shvo’s eponymous development firm sold in as many months, marking a…

Shvo loses Raleigh Miami Beach in $270M sale to Nahla Capital

Developer Michael Shvo is no longer involved in the Raleigh Miami Beach, the trophy asset he planned to redevelop into a luxury condo and hotel project. New York-based Nahla Capital paid about $270 million for the three-acre property at 1775, 1757 and 1751 Collins Avenue, sources confirmed to The Real Deal. Bloomberg first reported the sale. Nahla, a private equity…

Florida Supreme Court denies rehearing for Two Roads in Biscayne 21 Miami condo buyout case

Florida’s Supreme Court denied Two Roads Development’s request to hear the case involving a complex condo buyout in Miami’s Edgewater, effectively ending Two Roads’ legal avenues to challenge an earlier ruling. Miami and West Palm Beach-based Two Roads has long planned to develop an Edition Residences on the site of the former Biscayne 21 condo building at…

More Live Local towers on tap: Miami board approves two in Wynwood Norte, Overtown with nearly 800 units total

A Miami design review board greenlit two Live Local Act projects in Wynwood Norte and Overtown with nearly 800 units, combined. ABH Developer Group, led by Alexis Bogomolni, plans the Modis Architects-designed 36-story Wyn Park tower with 293 units and a rooftop restaurant at 3311 and 3327 Northwest Second Avenue, 169 Northwest 33rd Street and 182 Northwest 34th…

Miami board approves two major projects in Midtown and Edgewater

A pair of massive projects in Midtown Miami and Edgewater easily passed a city architectural aesthetics examination. On Wednesday, the Miami Urban Development Review Board approved the master plan for Midtown Park, a planned $2 billion four-tower mixed-use complex at 3055 North Miami Avenue being built in phases, starting with a Proper-branded condominium. The board…

Resident scores $114M refi for 279-unit apartment tower in Edgewater

Resident Group scored a $113.8 million refinancing for its 279-unit Metro Edgewater apartment tower. The deal marks a continuing lending boom in South Florida, despite elevated interest rates. Miami-based Resident Group –– a partnership among Camino Capital Management, Lujeni, Korner and Building Block Realty –– completed the 32-story tower at 452 Northeast…

St. Regis Bal Harbour $188M CMBS loan heads to special servicing

Facing a maturity date next month, a $188 million commercial mortgage-backed securities loan tied to the St. Regis Bal Harbour Resort is being transferred to special servicing, according to Morningstar. The move comes despite the hotel’s owner, Qatari firm Al Rayyan Tourism Investment Company (ARTIC), being current on the mortgage and having an…

Miami Among Top Markets’ YTD in Office Sales & Construction, Starts Inch Up From 2024

October 21, 2025| Commercial Real Estate Reports, Featured, Office| Views: 0 According to Yardi Research data, Q3 kicked off with year-to-date office sales surpassing the levels recorded during the first nine months of 2022. Specifically, tenants and investors alike continue to direct their attention to modern office space in desirable locations. This focus on…

Miami Office Sales Volume Declines, Pipeline Holds Steady

The Miami office market reflected both strengths and weaknesses at the end of August, according to Yardi Matrix. The metro ranked fifth among gateway markets for the size of its construction pipeline, however, investor activity slowed sharply, with only $387.2 million in office sales recorded year-to-date through August—a notable decrease from the previous year.

Green Light for $2B Miami Mixed-Use Project

A new $2 billion mixed-use project is set to take shape in Miami, after development partners Rosso Development, Midtown Development and Proper Hospitality have received city approvals from the City of Miami’s Urban Development Review Board. Project plans were first unveiled earlier in April this year, representing Proper Hospitality’s second residential…

$2B Master Plan Approved For Midtown Miami

Midtown Miami will soon be expanded after Miami’s Urban Development Review Board voted to approve a master plan for a new development. The new five-acre mixed-use community, known as Midtown Park, will be located at the southwest corner of Midtown Miami, near Wynwood. The $2B development will have two 28-story towers, two 17-story towers, and a low-rise retail…

56-Story Overtown Tower Designed by Kobi Karp Set for Final Approval

Screenshot via Urban Development Review Board agenda The City of Miami’s Urban Development Review Board (URBD) has approved plans for the tallest building in the history of Overtown, Miami’s historically Black neighborhood. On October 15, the URBD gave the Miami Beach-based David Om, LLC, which is managed by Alan Omsky, the founder of the “Asian-inspired” Kyu…

Florida Supreme Court Rejects Biscayne 21 Buyout Appeal, Burying Hope For Termination Clarity

The Supreme Court of Florida shot down Two Roads Development’s appeal in a closely watched case involving the buyout of a 61-year-old condo tower in Edgewater. The state court denied the developer’s petition for review on Tuesday, cutting off its last legal remedy to revive its plans to build luxury condo towers to replace the Biscayne 21 building, Miami…

Qatari Owner, Residents Of St. Regis Bal Harbour Reach Deal To Repair Deteriorating Luxury Building

Residents of the St. Regis Bal Harbour condominiums — who sued the Qatari owner of the luxury Miami Beach hotel last year, claiming it had tried to cover up mold colonies, cracking concrete and possible structural damage — have reached a settlement and dismissed the complaint. The Bal Harbour North South Condominium Association and an affiliate of Al Rayyan…

3Q25 Miami-Dade County Retail Market Report

Macroeconomic pressures and new construction deliveries contributed to a softening in the Miami-Dade retail market in Q3 2025. Stabilized rents fell 6.1% year-over-year to $42.56 per square foot, in addition, year-to-date negative net absorption totaled 118,000 square feet. Nevertheless, underlying demand remained robust with 1.4 million square feet leased to date…

3Q25 Miami-Dade County Office Market Report

Miami-Dade County’s office market posted modest growth in Q3 2025, with net absorption totaling 56,930 square feet, its second consecutive positive quarter. Year-to-date absorption now stands at 102,702 square feet, still well below 2022 levels, but a marked turnaround from early 2023. Rental rates surged to record highs, with overall rent hitting $60.76 per square…

3Q25 Miami-Dade County Office Market Report

Miami-Dade County’s office market posted modest growth in Q3 2025, with net absorption totaling 56,930 square feet, its second consecutive positive quarter. Year-to-date absorption now stands at 102,702 square feet, still well below 2022 levels, but a marked turnaround from early 2023. Rental rates surged to record highs, with overall rent hitting $60.76 per square…

3Q25 Miami-Dade County Industrial Market Report

Despite robust year-to-date leasing activity totaling 9.6 million square feet, with 2.5 million square feet transacted this quarter, confirming sustained tenant interest, the Miami-Dade industrial market showed mixed signals. An influx of 1.2 million square feet of new construction delivered during the quarter consequently pushed the vacancy rate up 30 basis points to…

Boutique Five-Story ‘Colette’ Proposed for 1880 Brickell Avenue in Miami

Meta Development has plans for a low-rise residential project in Brickell. Measuring five stories above grade, Colette will comprise 38 residences: 36 condos and two penthouses. The smallest units start at 1,900 square feet, and they will include three-bedroom and four-bedroom floorplans. They are currently priced from $3.3 million. Communal amenities at Colette…

Tree Permit Filed, Utilities Deal Addendum Completed For $350M Riverside Wharf in Downtown Miami

There’s more predevelopment activity in recent weeks for downtown Miami’s Riverside Wharf site, where a new $350m complex is planned. Last week, an addendum was added to a utilities deal with Miami-Dade County (the original agreement was completed in September 2023). According to the latest filing, the development is now planned to include: 30,791 square…

Will Downtown Miami Height Limit Be Broken?

President Donald Trump is planning a high rise tower in downtown Miami, and it will likely be very tall. The development is planned on “one of the most important skyscraper sites left in downtown Miami,” developer Gregg Covin told the Herald. The new development will be an “icon,” and “one of the most beautiful buildings ever built,” according to Eric…

$1 million from Miami’s mayor could be tripled for Lotus House Children’s Village

A $1 million gift from Miami’s mayor could help bring the Lotus House’s Children’s Village to life, funding a transformative shelter project serving hundreds of homeless children and families. At today’s (10/23) meeting, city commissioners are expected to authorize $1 million from Mayor Francis Suarez’s discretionary account to support the Children’s…

Politics and Patriots: The Fight over Miami’s Downtown Development Authority

On an energetic morning this past May, a long line of opinionated members of the public made their way to the lectern to speak inside the chambers of Miami City Hall. None were quite so colorful as Tim Irwin. Dressed in a white powdered wig, he strode up to the microphone in a blue colonial frock coat, and complained about a serious matter. “We seek not…

Walker & Dunlop Provides $238.4M Agency Refinancing of Mixed-Use Apartment Building in Edgewater

MIAMI — Walker & Dunlop has provided a $238.4 million Freddie Mac loan for the refinancing of Forma Miami, a 588-unit mixed-use apartment building in the city’s Edgewater neighborhood. The Walker & Dunlop team that originated the financing included Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, Sean Reimer, Michael…

Santander Tower Construction Cranes To Rise Nearly 1,000 Feet on Brickell Avenue

Brickell’s Banco Santander tower isn’t planned to have a permanent height that would qualify it as a supertall, but the construction cranes building it will be pretty close. According to a filing with the Federal Aviation Administration, three cranes are planned for the construction site, with one reaching 960 feet and the other two rising 945 feet above ground.

Miami’s UDRB Approves 55-Story Tower For Overtown

Miami’s Urban Development Review Board has voted to approved a 55-story tower in Overtown. It would be the tallest building in the area. The upper roof is planned at 575 feet above ground and 585 feet above sea level. The tower is being proposed under Florida’s Live Local Act, which generally allows more intense usage than local zoning code in exchange for…

Fitness-Oriented Hotel & Residential Tower Planned Next To Brickell City Centre

A developer from Dubai has announced plans for a fitness-oriented hotel and residential project in Brickell. Siro Brickell is planned adjacent to Brickell City Centre. It will be built on property that was purchased from the developer of Brickell City Centre, Swire Properties for $45 million. That transaction was recorded in August. Siro Brickell is planned to include…

Connect Spot Breaks Ground In Downtown Miami

Miami-Dade has broken ground on a new recreational area in downtown Miami called Connect Spot. Connect Spot is being built on space under the Metromover that is currently underutilized. It will include Florida-native greenery, lighting, and pathways, and is located between the College Bayside and First Street Metromover stations. The space is being designed to be able…

Miami Industrial Rents Increase For Fifth Straight Month

Avison Young’s third-quarter Miami industrial report reveals a sharp uptick in tenant demand, underscoring the sector’s strong performance. The post Miami Industrial Rents Increase For Fifth Straight Month appeared first on Miami Airport Warehouses.

‘World-Class’ Tech Tower Breaks Ground In Sweetwater

Construction is now underway on Tech Tower in Sweetwater. The Arquitectonica-designed 23-story tower will be a “world class” workforce housing development, according to a statement. It will include 517 high-end apartments, 28,197 square feet of amenity space and 2,923 square feet of ground-floor retail space. The building will provide a solution to the surge in…

Construction Begins on Tech Tower at 10921 SW 7th Street in Sweetwater

Global City Development and Gilu Development, in partnership with Shawmut Design and Construction, have officially broken ground on Tech Tower, a 23-story workforce housing development located at 10921 SW 7th Street in the City of Sweetwater. Designed by Arquitectonica, the project will deliver 517 residences, 28,197 square feet of amenities, and 2,923 square feet of…

Wellspring Apartments Completed, Delivering 99 Units Of Affordable Senior Housing In Opa-locka

ANF Group has completed Wellspring Apartments, a new affordable senior housing community located at 14803 NW 27th Avenue in Opa-locka, Miami-Dade County. Developed by The Integral Group, the project delivers 99 units designed to meet the growing demand for high-quality, affordable housing for seniors.

$2 Billion Midtown Park Master Plan Receives Approval From City of Miami

Rosso Development, Midtown Development, and Proper Hospitality have secured approval from the City of Miami’s Urban Development Review Board for Midtown Park, a transformative $2 billion master plan that will reshape Miami’s Midtown neighborhood into a connected, walkable destination linking Wynwood and the Design District.

$30 Million Construction Loan Secured For Visions At Brickell Station In Miami

Concord Summit Capital (CSC) has successfully arranged a $30 million construction loan for Visions at Brickell Station, a 110-unit condo-hotel development located at 1136 SW 3rd Avenue in the Brickell neighborhood of Miami. The financing, which closed in under 30 days and required only 10 percent sponsor equity, was arranged by CSC’s Director, Keegan Burger, and…

36-Story ‘Wyn Tower’ Proposed for 3327 NW 2nd Avenue in Miami

ABH Developer Group has proposed what’s being called its largest undertaking to date. Wyn Tower is set to measure 36 stories above grade, comprising 293 residences. The homes would include studio, one-bedroom, and two-bedroom apartments, measuring 450 to 1,071 square feet. To comply with the Live Local Act, 40 percent of the homes at Wyn Tower (117) will be…

City of Miami Approves $2B Midtown Park Mixed-Use Development

MIAMI — The City of Miami’s Urban Development Review Board has officially approved the master plan for Midtown Park, a $2 billion mixed-use development. A joint venture between Rosso Development, Midtown Development and Proper Hospitality is developing the project, a construction timeline for which has not yet been announced.  Plans for the two-phase, 1.2…

Terra Completes Centro City Residences In West Miami-Dade

Terra has completed Centro City Residences, marking the delivery of the first phase of the larger 38-acre Centro City mixed-use development in West Little Havana. Located at 3830 NW 11th Street, the Arquitectonica-designed project consists of three eight-story buildings with a total of 470 market-rate apartments arranged around landscaped courtyards and pool decks.

Pulte buys Margate site with plans for more than 130 townhomes

Pulte Group, one of the nation’s largest homebuilders, dropped $17.7 million on a site in Margate for a townhome community dubbed “Coral Edge.” The 21-acre site is the former Margate Executive Golf Course at 7870 Margate Boulevard, according to a press release. Inland from Pompano Beach, it marks the homebuilder’s latest bet on Broward County. It is slated for…

Partnership drops $68M for Coconut Creek 170-acre mixed-use project site

A partnership between 13th Floor Homes, Rosemurgy Properties, Schmier Property Group and Giles Capital Group paid $68 million for 170 acres in Coconut Creek slated for a $1 billion-plus master planned community. The joint venture acquired the site on the west side of Lyons Road between Wiles Road and West Sample Road, according to a press release. The seller is Johns…

Fort Lauderdale approves waterfront Live Local Act redevelopment

The City of Fort Lauderdale approved a major Live Local Act redevelopment of The Quay at 17th Street, a waterfront retail and office plaza. The project is a joint venture with Coconut Grove-based The Related Group, led by Jorge, Jon Paul and Nicholas Pérez; Aventura-based BH Group, led by Liat and Isaac Toledano; and Boca Raton-based Pebb Enterprises, led by Ian…

Weston Jewelers to Open Glitzy Five-Story Flagship on Las Olas

Las Olas Boulevard is about to get a bit flashier. Weston Jewelers, the family-owned South Florida luxury retailer, has announced plans to build a five-story flagship store in the heart of downtown Fort Lauderdale — a 40,000-square-foot showcase for diamonds, Swiss watches, and other high-end jewelry. Slated to open in 2027 at 1117 E. Las Olas Blvd., across the…

Developers Pay $68M For Massive Broward Development Site: The South Florida Deal Sheet

A handful of South Florida developers paid $68M for 170 acres where they plan to build a $1B mixed-use development spanning 12 blocks in Broward County. A partnership of 13th Floor Homes, Rosemurgy Properties, Schmier Property Group and Giles Capital Group plans to break ground on Mainstreet at Coconut Creek by the end of the year, it announced Monday. Lennar Corp.

3Q25 Broward County Retail Market Report

The Broward County retail market demonstrated resilience in the third quarter of 2025, outperforming broader market softness. Key fundamentals showed positive momentum, with the average rental rate climbing to $28.76 per square foot, marking a 3.2% increase year-over-year. This growth was underpinned by robust tenant demand, resulting in 66,308 square feet of positive…

3Q25 Broward County Office Market Report

Broward County’s office market continued to face headwinds in Q3 2025, recording negative 110,968 square feet of net absorption. This brings year-to-date absorption to negative 608,764 square feet, largely impacted by notable move-outs in Cypress Creek. Despite a lack of new deliveries, construction remains active with 389,790 square feet underway, all at T3 FAT…

3Q25 Broward County Industrial Market Report

The Broward County industrial market displayed mixed signals this quarter, marked by robust leasing activity totaling 1.3 million square feet and an impressive 4.9 million square feet year-to-date, confirming sustained tenant interest. Despite this strong leasing volume, the market recorded its sixth consecutive quarter of negative net absorption, pushing the vacancy…

Developers Secure Approval for ‘The Quay’ at 1515 SE 17th Street in Fort Lauderdale

Three developers are moving forward with the multi-million-dollar redevelopment of The Quay on 17th Street in Fort Lauderdale. The new venture, dubbed “The Quay,” is planned to rise 33 s Three developers are moving forward with the multi-million-dollar redevelopment of The Quay on 17th Street in Fort Lauderdale. The new venture, dubbed “The Quay,” is…

Vertical Construction Begins At The Residences At Shell Bay In Hallandale Beach

Vertical construction has begun at The Residences at Shell Bay, a new Auberge Resorts Collection–branded condominium rising within the private 150-acre Mediterranean-inspired Shell Bay enclave in Hallandale Beach. Developed by Witkoff Group and PPG Development, the 20-story tower has reached its first few completed levels as the project continues to advance toward…

Joint Venture Closes on $68 Million Acquisition of 170 Acres for Mainstreet at Coconut Creek

A joint venture between Rosemurgy Properties, 13th Floor Homes, Schmier Property Group, and Giles Capital Group has finalized the $68 million acquisition of a 170-acre site in Coconut Creek, marking the next major step toward developing Mainstreet at Coconut Creek, a mixed-use community that will establish a new downtown core for the city.

48-Unit ‘Hollywood Moon’ Planned for Q4 Groundbreaking at 901 S Ocean Drive in Hollywood

Developer Unilog Group intends to break ground on a luxury development by the end of this year. Hollywood Moon is planned to comprise 48 one-bedroom to three-bedroom homes split between two low-rise towers. The luxury homes will measure 1,100 to 2,250 square feet, and each unit will come with a host of high-end amenities, including Italian-imported cabinetry…

Developer Revises Plans for ‘ArtsPark Lofts’ at 421 N Andrews Avenue in Fort Lauderdale

Florida YIMBY has an update regarding ArtsPark Lofts, a project we first covered in 2022. Initial plans called for a 30-story building featuring 289 residences, about 1,900 square feet of retail, and a six-story parking garage with 359 spots. Now, following multiple revisions, the latest plans call for a 32-story building with 301 homes, about 1,200 square feet of…

The Ritz-Carlton Residences, Pompano Beach Reaches Key Construction Milestones

Major construction milestones have been achieved at The Ritz-Carlton Residences, Pompano Beach, a dual-tower residential development of 14 and 32 stories designed by Revuelta Architecture International, with structural engineering by McNamara Salvia, and developed by Fortune International Group and Oak Capital. Located along the Atlantic Ocean and A1A at 1380 South…

Mill Creek Residential Seeks Approvals for ‘Modera Pompano Beach’ at 909 S Federal Highway

Part of a car dealership in Broward County could be redeveloped to make way for a mixed-use venture with residences and retail. Mill Creek Residential wants to move forward with Modera Pompano Beach (or Modera Pompano by some sources), an eight-story apartment complex with 347 units. Residents would have access to various on-site communal amenities (with some…

Fort Partners, Related Ross settle lawsuit over West Palm Beach condo buyout

Fort Partners will proceed with its buyout of a West Palm Beach condominium following a legal skirmish with Related Ross that ended in a settlement last week, The Real Deal has learned. The legal battle that started with a Related Ross affiliate filing a request for an injunction in April came to a close on Friday, Oct. 17, when Steve Ross’ Related and Nadim…

“Doesn’t smell right”: Gun range proposal heads to Delray Beach commission without planning board recommendation

Delray Beach’s planning and zoning board rejected a proposal to allow an indoor gun range in an industrial district, but the proposal will still head to the city commission. Wallace Drive LLC, the owner of a 18,400-square-foot flex office warehouse built in 1983 at 1215 Wallace Drive, sought approval for a proposed ordinance that would allow indoor gun ranges in the…

Lease roundup: CP Group’s Boca Raton office campus scores over 260K sf in deals

All Star Recruiting Locums, Cinch Home Services, more | Boca Raton Boca Raton Innovation Campus, or BRiC, inked more than 260,000 square feet worth of leases, including new deals and renewals. In the new deals, All Star Recruiting Locums, a health care staffing firm, leased 42,700 square feet; and home warranty provider Cinch Home Services leased 32,900 square feet…

Can a university from Tennessee help accelerate growth in West Palm Beach?

At a dinner in San Francisco this year, an attendee suggested to Daniel Diermeier, the chancellor of Vanderbilt University, that the Nashville institution founded 150 years ago should build a campus in the Bay Area. The proposal wasn’t completely out of left field: Vanderbilt was already designing a new campus in West Palm Beach, Florida, entering a 99-year lease…

3Q25 Palm Beach County Retail Market Report

The Palm Beach County retail market displayed significant fortitude in the third quarter of 2025, largely overcoming broader market softness. The limited new construction deliveries of recent quarters bolstered performance, allowing the market to accumulate a substantial 165,944 square feet of positive net absorption. This strong demand pushed the vacancy rate down 20…

3Q25 Palm Beach County Office Market Report

Palm Beach County’s office market cooled in Q3 2025, with 46,051 square feet of negative net absorption bringing year-to-date absorption to negative 126,183 square feet, reversing the prior quarter’s brief uptick. No new office product was delivered this quarter, and none is expected for the rest of the year. Still, construction continues, with 1.3 million square…

3Q25 Palm Beach County Industrial Market Report

Palm Beach County’s industrial market displayed resilience in Q3 2025, driven by a total of 740,853 square feet of robust leasing activity. Additionally, an accumulation of positive net absorption brings the year-to-date total to 31,318 square feet, a noteworthy achievement given the year’s significant influx of 872,617 square feet of new construction. Despite…

Wave of New Residential Development Takes Shape Across West Palm Beach

West Palm Beach’s skyline is experiencing a period of remarkable expansion, driven by a series of new high-end residential projects along the Intracoastal Waterway and downtown corridors. Once known primarily for its proximity to Palm Beach, the city has evolved into a major destination for design-forward condominium development led by some of South Florida’s most…

Commercial real estate is finally embracing blockchain. Here’s what investors should know

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

Industrial Finds Its Footing as Demand Surges and Supply Cools

Industrial demand surged in Q3 2025, signaling renewed momentum and a market approaching equilibrium. Net absorption climbed to 60M SF — the highest level since early 2023 — nearly matching new supply. Vacancy inched up just four basis points to 7.4%, suggesting it may be nearing its cyclical peak. Meanwhile, new construction continued to cool, with the pipeline…

Prologis Sees Industrial Real Estate Entering A New Growth Cycle

Evolving supply chain strategies are now driving industrial real estate demand. Reshoring, nearshoring, and shifts in trade and energy policies are restructuring logistics networks across key U.S. markets. The post Prologis Sees Industrial Real Estate Entering A New Growth Cycle appeared first on Miami Airport Warehouses.

Video: Office Market Contrarian Investing with KPG Funds Co-Founder & CIO Rod Kritsberg

The Current Landscape of the Office Sector: A Tale of Contrarian Opportunities In a recent episode of America’s Commercial Real Estate Show, an illuminating conversation unfolded between the show’s host and Rod Kritsburg, co-founder and CIO of KPG Funds. The discussion centered on the prevailing state of the office real estate sector, a segment beleaguered by the…

Live Local Act scorecard: 3K units completed, another 42K in the pipeline

When Florida lawmakers first approved the Live Local Act in 2023 in an effort to alleviate the affordable housing crisis, developers rushed to seize on its incentives and filed a slew of project applications. Since then, they’ve completed nearly 3,200 below-market rental units in 23 projects across the state, according to a Florida TaxWatch, a nonpartisan and…