Two Roads dealt another blow in Edgewater condo buyout saga

Two Roads Development was ordered to restore the waterfront condo building in Miami’s Edgewater at the center of an epic lawsuit that has dragged on for years. The ruling marks the latest blow to the developer. It means Two Roads, a Miami and West Palm Beach-based firm led by Taylor Collins and Reid Boren, will have to return the Biscayne 21 building to a habitable…

Aimco sidesteps over $5M in taxes for record $520M Brickell dev site sale

Aimco shielded its record $520 million sale of a Brickell development site from roughly $5.5 million in state taxes and a county surtax usually levied for property sales. By not recording a deed, the Denver-based firm sidestepped about $3.12 million in Florida documentary stamp taxes and $2.34 million in a Miami-Dade County surtax, both of which primarily fund…

GWealth deepens Wynwood holdings with $25M portfolio buy

GWealth Management expanded its Wynwood holdings recently, acquiring a three-property portfolio from Miami investor Steve Rhodes for $25 million. The Weston-based firm bought a three-story office and retail building at 2121 Northwest Second Avenue, a one-story retail building at 2085 Northwest Second Avenue and a surface parking lot at 172 Northwest 21st Street…

BH Group makes $160M buyout play for Coconut Grove’s storied Mutiny condo-hotel

BH Group is mounting a $160 million bulk-condo buyout for Coconut Grove’s storied Mutiny condo-hotel. Aventura-based BH, led by Isaac and Liat Toledano, recently notified owners of the 12-story high-rise’s 170 units that the firm is aiming to acquire the building, Coconut Grove Spotlight reported. BH is the latest developer to make a play for the waterfront…

Miami design board gushes over planned Design District condos, hotel

A powerhouse team of developers scored approval from a city board for a Miami Design District project with condos and a hotel. The project, called Miami Design Residences Designed by Chipperfield, sailed through the Miami Design Review Board board this week, with some members gushing over its design. The development comes amid an uptick in residential proposals for…

Judge orders auction do-over for downtown Miami site initially won by Cirrus

The saga of a distressed downtown Miami site appeared to be over after Cirrus won the property with a $77 million bid last month. But a bankruptcy court judge recently ordered a new auction after the property owner, Brazilian developer Gilberto Bomeny, complained that the bidding process freezed out potential buyers offering more money. U.S. Bankruptcy Court Judge…

Pagani Residences revs up car concierge with Prestige Imports at North Bay Village Project

Developer Mikael Hamaoui teamed up with one of the biggest exotic car dealers in the country to launch an automotive concierge program at his planned Pagani Residences. Prestige Imports, led by CEO Brett David, will launch its Auto Privata service at the hypercar-branded project when it is completed, according to a news release. Prestige will train the condo’s valet…

Allen Morris scores $133M construction loan for Ponce Park Coral Gables condo project

Allen Morris Company secured a $132.5 million construction loan for its long-planned Ponce Park condo development in Coral Gables, The Real Deal has learned. Bank OZK is providing the loan for the planned 11-story, 58-unit project at 3000 Ponce de Leon Boulevard. The financing adds to a pipeline of planned condo projects that Bank OZK is the lender of in South Florida.

Crescent Heights taps Live Local for towering Edgewater vision

Crescent Heights’ second Live Local Act project in Edgewater, with 1,300 residential units next to its Forma Miami development, puts all of the “workforce” units required under terms of the state law in one building and market-rate apartments in a taller tower. The firm, led by Russell Galbut, Sonny Kahn and Bruce Menin, proposed a 50-story tower with 780…

Ken Griffin, Mana deny talks of $700M Mana Wynwood sale

Billionaire hedge fund manager Ken Griffin’s rumored $700 million purchase of Mana Wynwood is not true, Moishe Mana and a Citadel spokesperson told The Real Deal. Griffin was said to be in talks with Mana, Wynwood’s largest landowner, in recent months, sources previously told TRD. The rumors reached a head on Sunday, when Miami news and culture Instagram account…

Pebb Capital sues Miami Beach to enforce Live Local Act

A developer is suing the city of Miami Beach, alleging city officials are illegally blocking a joint venture’s plan to redevelop an Art Deco hotel into a Live Local Act mixed-use project with 249 apartments and 38 hotel rooms. In a complaint filed last month in Miami-Dade County Circuit Court, the entity that owns the vacant Bancroft Hotel at 1501 Collins Avenue…

Miami’s red-hot commercial real estate market turns corner

Decelerating leasing activity and rent growth across South Florida’s commercial real estate sectors are signs the region’s pandemic-fueled velocity is petering out, according to experts at the CCIM Institute Florida Chapter’s annual outlook conference. Still, commercial real estate activity is expected to be healthy through this year. Retail, especially…

Heir apparent: Steve Ross says son-in-law will eventually lead Miami Dolphins

Billionaire Stephen Ross turned down an offer for the Miami Dolphins that would’ve given him a $14 billion return on investment, but he’s keeping the team in the family, naming his son-in-law Daniel Sillman heir apparent. “I’m fortunate,” Ross said in an interview with Bloomberg this week. The 85-year-old founder and chairman of Related Companies did not…

Billionaire Ken Griffin partners with Goldman on $180M Wynwood office buy

Billionaire hedge funder Ken Griffin added to his massive Miami portfolio, partnering with Goldman Properties on a Wynwood office building purchase for more than $180 million. Griffin, founder of Citadel and its sister firm Citadel Securities, and Miami-based Goldman bought 545Wyn at 545 Northwest 26th Street from Chicago-based Sterling Bay, the South Florida Business…

Allen Morris Lands $133M Financing for Coral Gables Project

Allen Morris Co. has landed a $132.5 million construction loan for Ponce Park, a 58-unit luxury condominium development being built in Coral Gables, Fla., according to The Real Deal. Bank OZK provided the loan while Lotus Capital Partners arranged the financing. The 11-story building will rise at 3000 Ponce de Leon Blvd. Construction started in December 2025, while…

New industrial HQ would pave over protected wetlands near flood-prone Miami-Dade suburb

A proposal to build a sprawling heavy equipment depot on protected wetlands outside Miami-Dade County’s urban development boundary, and adjacent to some of its most flood-prone neighborhoods, is drawing opposition from county planners and environmentalists. The proposal, which would amend the county’s growth management plan, comes before the county commission…

Hurricanes Kick Off Sports-Packed Year That Could Break Records For Miami Hoteliers

After last year proved challenging, Miami hoteliers are looking to capitalize on 2026 — set to be one of the largest sporting years in the city’s history, generating billions of dollars and drawing thousands of domestic and international visitors to surrounding hotels and retail centers. To start 2026, the College Football Playoff national championship game will be…

4Q25 Miami-Dade County Retail Market Report

Miami-Dade’s retail sector showed quarterly improvement as key fundamentals strengthened. Following two quarters of decline, the market achieved 122,359 square feet of positive absorption. Even with 42,490 square feet of new inventory that delivered over the quarter, vacancy fell 10 basis points to 2.9%. Leasing activity significantly outperformed supply, with…

4Q25 Miami-Dade County Office Market Report

The office sector in Miami-Dade remained steady during Q4, with absorption reaching negative 11,418 square feet, following two straight periods of positive growth. Annual gains were generally neutral, with absorption of 17,061 square feet, significantly below the annual figures seen over the last three years. In Q4 overall rental rates reached $60.60 per square foot…

4Q25 Miami-Dade County Industrial Market Report

Despite a formidable 14.4 million square feet of leasing activity in 2025, including 3.9 million square feet this quarter alone, the Miami-Dade industrial market is currently in a recalibration phase. While only 402,683 square feet were completed in Q4, a total of 3.5 million square feet delivered throughout 2025 pushing the overall vacancy rate up 30 basis points to…

Doral Launches 2026 Façade Improvement Program to Revitalize Local Businesses

The City of Doral has officially rolled out the door its 2026 Façade Improvement Program, which promises to spruce up commercial locales with a financial nudge. According to a press release, the initiative offers up to a 50% reimbursement for exterior makeovers, capping at $10,000 per project. By doling out funds for a fresh coat of paint, contemporary signage, and…

Residence Inn Sunny Isles Beach Completes Full-Property Renovation at 17700 Collins Avenue

Residence Inn Sunny Isles Beach has completed a full-property renovation, marking a new chapter for the 194-room hotel located at 17700 Collins Avenue in Sunny Isles Beach. The project reintroduces the property as a residence-style hotel with refreshed interiors and updated amenities, while maintaining the space and functionality associated with the extended-stay…

Terreno Realty Delivers 164,000 SF Industrial Facility in Hialeah

Terreno Realty Corp. has delivered a 164,000-square-foot industrial facility in Hialeah, a suburb of Miami. The $43.4 million project is known as Building 32 within Terreno’s Countyline Corporate Park development. The property is situated on 8.3 acres with the park’s Phase IV, which spans 121 acres and is entitled for 2.2 million square feet of development, with…

Board would aim to upgrade reputation of Miami International Airport

County commissioners are to vote this week on creating an advisory board to pinpoint concerns about Miami International Airport’s operations and propose solutions to enhance the airport and its sometimes-disparaged reputation. The proposal from commission Chairman Anthony Rodriguez would establish a seven-member board, to which he would appoint two members. The…

Miami Beach finds a path to lure new businesses

Miami Beach aims to bolster its economy this year by attracting new businesses to the city and hosting major events. Mayor Steven Meiner said there’s “a lot of activity” happening in the city and the results are reflected in the numbers. “A lot of good things are happening and we’re seeing the results already,” he said. “Our resort sales tax was up in…

Miami tourism likely to be on par with last year’s numbers

The Greater Miami Convention & Visitors Bureau (GMCVB) is projecting total visitation in the county in 2026 to potentially be on par with 2025, with a slight dip in international visitors. A projected increase in visits by Floridians who live outside of Miami-Dade and Broward counties should offset any declines in international visitation, according to the…

Pinnacle senior housing funded along transitway in south Miami-Dade

A 142-unit South Dade affordable housing development for people 62 and older adjacent to the new 20-mile-long Bus Rapid Transit corridor got a boost as developer Pinnacle closed on $68 million in construction financing and equity financing to build Caribbean Isles. When completed, the project will serve as the second phase of a master-planned transit-oriented…

Hyatt Centric Wynwood Planned At 160 NW 28 Street With 116 Rooms

Plans have been announced for Hyatt Centric Wynwood, an 8-story, full-service hotel planned at 160 NW 28 Street in Miami’s Wynwood neighborhood. The project is being developed by Robert Finvarb Companies in partnership with The Restaurant People, with hotel operations to be led by MIA Hospitality Management. The proposed development will rise just two blocks…

Subtext Proposes Student Housing Development Near UM at 6504 S.W. 57th Avenue in South Miami

St. Louis-based Subtext has plans for a student housing development near the University of Miami. The seven-story building would comprise close to 500,000 square feet of new construction and feature 263 rooms, allowing for 754 beds. Rooms would span one-bedroom to four-bedroom layout plans; it would be a rent-by-the-bed model. Communal amenities would include a…

12-Story Mixed-Use Building Proposed at 3516 NW 7th Avenue in Allapattah

A 12-story mixed-use residential building has been proposed for the properties at 3516 NW 7th Avenue and 725 NW 35th Street in Miami’s Allapattah neighborhood. The project is being developed by Miami-based Momentum Real Estate Partners through an affiliate, MREP Allapattah Owner, LLC, and aims to secure approval for zoning waivers and administrative increases in…

Expansive Affordable Mixed-Income Project Proposed for 250 N.E. 32nd Street in Miami

Developer Crescent Heights has filed plans for an affordable housing development that would occupy an entire city block in Miami-Dade County. The unnamed venture would comprise two high-rise buildings: a 28-story tower and a 50-story tower. The shorter building would feature 527 workforce units, while the other would feature 780 market-rate units. The workforce…

8-Story Mixed-Use Miami Development Planned at 805 West Flagler Street, UDRB Review Set for January 21

Plans have been filed for an eight-story mixed-use development at 805 West Flagler Street in Miami, advancing the redevelopment of a multi-parcel assemblage within the city’s urban core. The project is being developed by The Cornerstone Group through its affiliate, Brookstone 805 Flagler, LLC, and is designed by Corwil Architects. The proposal is scheduled for…

62-Story, 820-Foot-Tall Condominium Tower Planned to Become Tallest in Sunny Isles Beach

Plans for what would become the tallest building in Sunny Isles Beach are being reviewed later today as The Related Group, Dezer Development, and BH Group advance a proposal for a 62-story oceanfront luxury condominium tower at 19051 Collins Avenue. The project is being developed through the joint venture MB RE INVESTMENTS, LLC, and is designed by Cohen Freedman…

819-Unit Apartment Building Proposed for 25101 Talbot Road in Miami-Dade’s Princeton Community

Florida YIMBY has learned of an evolving multi-family housing development proposed for Miami-Dade County. In December 2022, the South Florida Business Journal reported on Princeton Heights, a two-building apartment complex that would feature 808 units between an eight- and seven-story building. Now, a recent update from Floridian Development shares that plans…

Midtown pays $45M for Pembroke Pines complex, tees up rentals project

Midtown Capital Partners bought an office complex in Pembroke Pines for $44.5 million, making way for a potential multifamily project. Miami-based Midtown Capital purchased The Edison at 1200-1300 Southwest 145th Avenue from Atlanta-based TPA Group, according to records and Vizzda. The buyer borrowed $28.9 million from Israel Discount Bank of New York for the deal.

4Q25 Broward County Retail Market Report

The Broward County retail market demonstrated stability throughout 2025, amidst a period of rapid growth. Key fundamentals showed momentum, with positive net absorption that accumulated to 173,638 square feet by the end of Q4, which caused the vacancy rate to decrease by 20 basis points, down to 3.9%. Further bolstered by ongoing demand, leasing activity was robust…

4Q25 Broward County Office Market Report

Broward County’s office market vacancy climbed to 12.3% in the fourth quarter, following more than 100,000 square feet of net move-outs from older, pre-2010 properties. Despite this localized softening, the market remains healthier than the national office average, with newer buildings constructed since 2010 maintaining high occupancy and stability. Although new…

4Q25 Broward County Industrial Market Report

Broward County’s industrial sector stayed firm while adjusting to persistent new inventory. Leasing activity in Q4 exceeded 1.3 million square feet, nearly doubling the 621,243 square feet delivered. Meanwhile, average asking rents hit $17.21 PSF NNN, representing a slight 0.5% yearly uptick. Despite robust volume, seven straight quarters of negative absorption…

The Arcadian Celebrates Ribbon Cutting and Time Capsule Ceremony at 640 NW 7th Avenue in Fort Lauderdale’s Sistrunk District

A ribbon cutting and ceremonial time capsule installation were recently held to mark the official opening of The Arcadian, a newly completed mixed-use residential development at 640 NW 7th Avenue in Fort Lauderdale’s Sistrunk District. The project delivers 502 apartments across two eight-story buildings and represents one of the most significant recent investments…

Wells Fargo lease puts trophy on Steve Ross’ West Palm Beach mantel

Wells Fargo is moving its wealth management headquarters to West Palm Beach, a win for Steve Ross’ efforts to attract the financial industry to his office developments in the city. The  move puts Wells Fargo in pole position to reach the dozens of billionaires with homes just over the bridge in Palm Beach. The San Francisco-based bank leased 50,000 square feet at…

Boca Raton OKs Terra-Frisbie agreement, setting stage for March ballot measure

David Martin and the Frisbie Group’s massive One Boca project will head to voters on March 10 after years of community backlash and wrangling at city hall. Martin’s Miami-based Terra company and Palm Beach-based Frisbie won approval from the Boca Raton City Council this week, leaving their 1.1-million-square-foot mixed use project and public land lease to the fate…

Sinatra townhome project joins busy Riviera Beach pipeline

Sinatra & Company put another project into Riviera Beach’s busy development pipeline with a proposed townhouse community across the street from the Estate Companies’ planned $60 million apartment complex. The Buffalo, New York-based developer proposed 36 residences on 2.42 acres at 4142 Leo Lane. The townhomes will span 1,960 square feet with one-car garages…

Woerner wins over town of Palm Beach with Paramount Theatre revisions

Woerner Holdings won preliminary approval to redevelop the landmark Paramount Theatre in Palm Beach into a private club after pivoting to scaled-back mixed-use plans in reaction to a previous rejection. The family office of Lester Woerner revised its plan to add a residential component and a cafe that will be open to the public, while slashing the size of the club…

Steve Ross dives into West Palm Beach’s private club scene

Steve Ross is getting in on the private membership club trend with plans for a development in downtown West Palm Beach. Related Ross is partnering with Leisure Resorts LLC, a subsidiary of Hartford, Connecticut-based Chase Enterprises, to build a four-story club on a city-owned parking lot next to the Palm Harbor Marina, the Palm Beach Post reported. Leisure Resorts…

GL Homes’ Palm Beach County buying spree snaps up 200 more acres

GL Homes is doubling down on Westlake, snapping up a major chunk of one of Palm Beach County’s fastest-growing master-planned communities. The Sunrise-based homebuilder bought 192 acres in Westlake for $80 million this week, public records show. That’s $417,000 per acre. The builder plans to acquire another tract for $40 million next year, the South Florida…

Wellington moves to annex Kolter Group’s farmland despite county objections

The village of Wellington is moving forward with annexing nearly 450 acres of farmland owned by the Kolter Group, despite objections from Palm Beach County. Wellington’s Village Council unanimously approved on first reading an ordinance for the annexation of Artistry Lakes at 18551 State Road 80, on Southern Boulevard, at its meeting on Monday. Records show those…

Related Ross Lands Wells Fargo HQ At West Palm Beach Office Tower

Related Ross CEO and Miami Dolphins owner Stephen Ross added yet another headquarters to his growing collection within his West Palm Beach office buildings. Wells Fargo & Co. signed a 50K SF lease with Related Ross at the One Flagler office building in West Palm Beach to house a new headquarters for its wealth-management business, Wells Fargo Wealth & Investment…

4Q25 Palm Beach County Retail Market Report

The Palm Beach County retail market showcased exceptional strength in the final quarter of 2025, recording its second straight period of expansion with 126,250 square feet of positive absorption. This growth was fueled by aggressive tenant demand that far exceeded new inventory, with 310,174 square feet in quarterly leasing activity vastly outperforming the 65,025…

4Q25 Palm Beach County Office Market Report

Palm Beach County’s office sector sustained a remarkably low 10.4% vacancy rate, despite persistent development activity and a trend of accumulating negative absorption. This resiliency stems from steady user interest, which drove over 757,000 square feet of leasing in the final quarter alone and 3.1 million square feet for the year. Simultaneously, asking rents…

4Q25 Palm Beach County Industrial Market Report

The Palm Beach County industrial sector demonstrated year-end resilience, fueled by positive absorption and significant leasing activity that lowered vacancy to 6.8%. Absorption for the year reached positive 141,890 square feet, bolstered by 2.9 million square feet of leasing activity year-to-date. This momentum distinguished the county from its regional peers…

Townhome Development Proposed for Palm Beach County at 16301 Rembrandt Road in Loxahatchee

Arizona-based Meritage Homes has proposed a townhome development in Wellington – not far from Lion Country Safari. The venture would comprise 206 townhomes, with lots measuring 1,800 to 2,100 square feet each. Each unit would feature a driveway and a 2-car garage. Communal amenities would include a resort-style swimming pool with cabanas, children’s playground…

LaSalle IM: Why 2026 Feels Like ‘Groundhog Day’ for CRE Investing

Commercial real estate investment going into 2026 feels like the start of a new cycle, with distinct causes for both optimism and concern. If these sentiments sound similar to those held by many in the industry at the start of 2025, it’s because they are. Leadership at LaSalle Investment Management expressed these feelings of déjà vu at a Jan. 16 press conference…

How a government shutdown impacts multifamily

Congress ended a 43-day government shutdown on Nov. 13, 2025—the longest in in U.S. history. The continuing resolution passed that day funds the federal government only through Jan. 30, 2026, making another shutdown possible in the near term. Whether shutdowns last days or weeks, their impact on commercial real estate—particularly multifamily—follows some…

Weak Labor Market Impacts Forecast

As 2025 unfolded, the labor market quietly shifted from a source of strength to one of the economy’s main pressure points. Job growth slowed sharply, with the economy adding just 584,000 jobs. That marked the weakest annual gain since 2003, excluding the recessionary years of 2008, 2009 and 2020. The 2025 slowdown became more pronounced toward year-end. During the…

Commercial real estate deal-making slows again in November

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.

Insights from Counselors of Real Estate Global Chair John Hentschel Discusses Top Issues Affecting Real Estate in 2026

In a recent episode Americas Commercial Real Estate Show, discussed was the “2026 Top 10 Issues Affecting Real Estate,” a comprehensive report compiled by the Counselors of Real Estate (CRE). This report, a product of collective insight from seasoned real estate advisors worldwide, offers a nuanced understanding of the challenges and opportunities facing the…

A long-term ranking of the top exporting US states : US national trade vs. state-level trade

The scale of US international trade as a share of the entire US economy peaked around 2011. Since then, US international trade has moderated. In this post, we look at how this moderation affected international goods exports from the top goods exporting US states. We rank US states by their cumulative exports since 1997, the first year of availability of state GDP…

DWS sells Coral Gables’ The Alhambra for $120M amid its retreat from office

DWS Group sold a two-building office complex in Coral Gables for $119.6 million, amid the firm’s nationwide divestment from the asset class. Dallas-based Lone Star Funds, Jay Caplin’s Miami-based Square2 Capital and David Moret’s Highline Real Estate Capital bought The Alhambra, consisting of the 14-story building at 2 Alhambra Plaza and the seven-story building…

Lone Star Leads $120M Purchase Of Coral Gables Office Complex

A Texas-based private equity giant has deepened its foothold in the South Florida office market with a nine-figure acquisition in Miami. Lone Star Funds, in a joint venture with Miami-based firms Square2 Capital and Highline Real Estate Capital, acquired The Alhambra, a two-building office complex in Coral Gables, for $119.6M, according to a release. German asset…

Lone Star Acquires Coral Gables Office Complex

Lone Star Funds (“Lone Star”) today announced that an affiliate of Lone Star Real Estate Fund VII, L.P., along with an affiliate of Highline Real Estate Capital LLC and Square2 Capital LLC, has successfully completed the acquisition of The Alhambra, an office complex in South Florida. Located in downtown Coral Gables, FL, a submarket of Miami-Dade, the Class A…

Wipeout! Opposition grows against Jeffrey Soffer’s Fontainebleau Miami Beach waterslide plan

Billionaire Jeffrey Soffer’s plan to add cabanas and waterslides at his iconic Fontainebleau Miami Beach resort could be swept away next month. Two city elected officials, including Mayor Steven Meiner, joined a grassroots coalition of residents, activists and preservationists in opposing Soffer’s controversial proposal to add a towering water park-style amenity…

California’s calling: Are more billionaires on their way to South Florida?

A proposed 5 percent tax on billionaires in California is propelling another wave of wealth to South Florida. Look no further than Google co-founder Larry Page, one of the three wealthiest men in the world, who recently spent a combined $173 million to buy two waterfront homes in Miami’s Coconut Grove. Page’s purchases aren’t shocking. In addition to the…

Billionaire Google co-founders descend on Miami

Google co-founders Larry Page and Sergey Brin have been shopping for luxury homes in Miami, and Page is the mystery buyer who spent more than $100 million on a waterfront estate that sold at the end of the year, The Real Deal has learned. The two billionaires are among the wealthiest in the world. Page is No. 2 with a net worth of $272 billion, and Sergey Brin is…

Claudio Fischer’s Brickell site scores $65M loan, but it’s under contract to sell

Chilean developer Claudio Fischer secured a $65 million loan tied to a prime development site in Miami’s Brickell neighborhood, Banco Santander provided the financing, which is secured by a 1-acre assemblage at 68, 82 and 84 Southwest 13th Street and 1399 Southwest First Avenue, records show. The site includes a three-story office building that was previously…

“It’s a disaster”: First Live Local Act proposal in Surfside riles up small coastal town

A proposal for Surfside’s first Live Local Act project with an 11-story building in an area capped at four floors has riled the coastal municipality. Two developers want to build Ocean Walk Residences & Hotel with 33 residential and hotel units on the 0.3-acre site at 250 95th Street, according to an application filed in November. The applicants are Florida Postal…

The Weekly Dirt: New year, same fight as beachfront town Surfside opposes Live Local project

A recently proposed Live Local Act project is stirring local opposition, even as state lawmakers look to double-down on the pro-development workforce housing law that has riled up residents and local governments across the state. A pair of developers submitted plans in November for an 11-story, 33-unit residential and hotel project on 95th Street in Surfside. An…

Lease roundup: Miami omakase counter, other restaurants

Chef Yasu Tanaka will open an eight-seat omakase counter in the Miami Design District. Spicy Hospitality Group, led by Andre Sakhai, will open YASU Omakase in a 904-square-foot space on Wednesday at 151 Northeast 41st Street, according to the tenant’s news release. Tanaka is collaborating with chef Raymond Li on the project. The lease comes after Spicy Hospitality…

“Yet another scam”: Italian investor accuses Michael Stern of fraud in North Miami Beach deal

Italian investor and entrepreneur Gianluca Vacchi filed a lawsuit against his partner, developer Michael Stern, over his investment in a North Beach development that has not come to fruition. Vacchi accused Stern and two companies tied to him of a “deliberated and calculated fraud” in a scathing complaint filed in December, court records show. The lawsuit was…

Michael Stern Faces New Fraud Claim From Partner in Miami Beach Development as His Lawyer Quits Defamation Suit

Michael Stern, the developer of the world’s skinniest skyscraper, has been hit with a lawsuit from a partner in a Miami Beach development who claims to have been defrauded. It’s the latest legal drama for the founder of JDS Development, who is pursuing a defamation suit against a John Doe who created a website that tracks fraud allegations against Stern at other…

Bal Harbour Shops takes center stage in bitter Whitman-Lazenby divorce

Matthew Whitman Lazenby, whose family has owned Bal Harbour Shops since its inception 61 years ago, is in a dog fight with estranged wife, Kristin Lazenby. Matthew is trying to block Kristin from gaining access to Bal Harbour Shops’ financial records, and he’s seeking a court order to remove a foster dog she adopted from their home in Asheville, North Carolina.

Financing flows in South Florida as projects nab over $300M in loans

South Florida’s capital markets showed renewed momentum to start the year, with three major financings totaling roughly $308 million for a pair of multifamily projects in Miami-Dade County, and a six-year-old office tower in Fort Lauderdale. The trio of deals signals lenders’ continued confidence in South Florida commercial real estate projects. Between November…

Moishe Mana’s Wynwood portfolio grows again with $34M purchase

Moishe Mana added another development site to his Wynwood portfolio, paying $33.5 million for two vacant adjoining parcels. Mana, the largest landowner in Wynwood, acquired the 1.6-acre assemblage at 2661-2701 Northwest Fifth Avenue, Devlin Marinoff with Miami-based Dwntwn Realty Advisors told The Real Deal. Marinoff and Tony Arellano, also with Dwntwn Realty…

FIRM NEWS: Historic First in Miami Beach: Live Local Act Application Approved

Bercow Radell Fernandez Larkin & Tapanes is proud to announce that Michael Larkin and Nicholas Rodriguez have achieved the first-ever Live Local Act application approval in the City of Miami Beach, a major milestone for housing and resiliency policy. After encountering resistance to a traditional code amendment for a 100% workforce housing project, our team…

Pinnacle Lands Construction Financing for South Miami Heights Senior Housing

Miami-based Pinnacle Housing has received $68 million in construction and equity financing for Caribbean Isles, a 142-unit affordable senior housing project in its hometown. The future community will have residences designated for individuals ages 62 and over, earning 60 percent of the area median income. Pinnacle is developing the project with South Miami Heights…

Fifteen Group Lands $53M Refi for Miami Community Horizons North

Fifteen Group has secured a $52.6 million refinancing loan for Horizons North, a 276-unit garden-style community in Miami. JLL Capital Markets arranged the Freddie Mac note, while JLL Real Estate Capital will service it. In 2018, Horizons North became the subject of a permanent $38.2 million Fannie Mae loan set to mature in November 2025, according to Yardi Matrix…

Miami agrees to hand the Tower Theater back to Miami Dade College

In her first meeting as the new City of Miami mayor, Eileen Higgins has impacted the arts and culture scene of the city in directing the future of the historic Tower Theater. Through a mayor-sponsored item, the City of Miami commission unanimously voted on Thursday to return the theater on Calle Ocho to the management of Miami Dade College, an effort that aims to…

Judge Orders Developer To Repair ‘Zombie’ Edgewater Condos After Termination Ruled Illegal

After 10 holdout condo owners successfully sued to block Two Roads Development’s plan to demolish their building and replace it with luxury condos, a judge has ordered the developer to repair their units to a habitable condition so residents can move back into the building, which has sat vacant for nearly three years. The ruling, signed by Miami-Dade Circuit Court…

Rent Discounts Drive Rebound In Miami Office Leasing

After years of dramatic increases in rents, it is now discount season in the Miami office market. Average asking rents in Miami were flat between the third and fourth quarters, rising just a penny to $63.06 per SF, according to Savills’ year-end office report. But under the surface, prices dropped. Effective rents, which account for concessions like tenant…

Nomura Lends $184M To Fort Lauderdale Office: The South Florida Deal Sheet

A joint venture between Stiles and Shorenstein Investment Advisers landed a $184M loan to refinance The Main office tower in Fort Lauderdale. Nomura, a Japanese financial services group, provided the floating-rate, senior loan, according to a release. A JLL Capital Markets team of Paul Stasaitis, Geoff Goldstein and Blake Koletic arranged the deal on behalf of…

Law Firm Sheds Brickell Office For Smaller Downtown Miami Space

After two decades in Brickell, law firm Fowler White Burnett has decamped for a more affordable office. The law firm inked a deal for 20K SF at Citigroup Center in Downtown Miami — a significant downsizing from the 35K SF it had for 20 years at the Brickell Arch office building, Bisnow has learned. The company made the move to the 20th floor of the skyscraper at…

Luxury Waterfront Development Proposed for 9301 E Bay Harbor Drive in Bay Harbor Islands

Tomorrow, Bay Harbor Islands’ Development Review Committee will consider plans for a waterfront Class A development. The proposed venture would measure eight stories above grade and require 141,746 square feet of new construction. The South Florida Business Journal reports that the venture would feature 33 two-bedroom and four-bedroom condos. They would span…

Developer Revises Plans for ‘Biscayne Shores’ at 11400 Biscayne Boulevard in Miami

New York City-based Ben Josef Group Holdings has submitted new plans for a high-rise development in Miami. The latest iteration of Biscayne Shores would comprise two buildings on a shared podium; they would measure 15 and 11 stories, with the tallest building reaching 127 feet at its highest point. In total, the two buildings would host 550 residences: 344…

Miami pledge fuels Black History Museum on Virginia Key

A decades-delayed museum dedicated to Black history and Miami’s civil rights movement at Virginia Key Beach is moving forward, with the City of Miami pledging up to $17 million to fund operations during the first 10 years after construction. At their Jan. 8 meeting, city commissioners authorized the city manager to negotiate an agreement with the Virginia Key Beach…

Miami examines its bond borrowing capacity for big projects

Facing nearly $1 billion in identified capital needs, the City of Miami is examining how much it can responsibly borrow and whether expanding its long-term bonding capacity could help fund major infrastructure projects. Commissioners discussed the city’s bonding capacity and long-term borrowing strategy during its Jan. 8 meeting, including whether to potentially ask…

Economists rate Miami thumbs-up for its performance

Despite the uncertainty of tariffs and inflation impacts, Miami’s economic growth is outpacing expectations and is performing better than many other US cities, according to local economists.  Miami’s growth rates in sectors like services and construction remain robust, said Manuel Lasaga, the president of StratInfo, a leading Miami-based business economics and…

The Estate Cos. Proposes Six-Story Development for 6914 SW 62nd Avenue in South Miami

The Estate Cos. wants to proceed with a multi-family housing development in South Miami. The unnamed project would measure six stories above grade and comprise 75 apartments. There would be three floorplans: one-bedroom/one bathroom, one-bedroom/one-bathrooms with dens, and two-bedroom layouts. They would measure 500 to 850 square feet. In addition to the…

Pre-Application Submitted for 22-Unit Multifamily Development in West Perrine

A pre-application has been submitted to Miami-Dade County for a low-rise residential development planned at 10682 SW 172nd Street in unincorporated South Miami-Dade. According to Google Maps, the site is located in what is commonly identified as West Perrine and lies within the Perrine Community Urban Center. The application lists a tentative project name, Perrine…

A New Manager for the City of Miami

The Miami City Commission on Thursday ratified Eileen Higgins’ first big move as Miami’s newly elected mayor – the appointment of veteran public safety official James Reyes to manage the city’s $3.7 billion government and its 4,800 employees. Higgins nominated Reyes as her choice for city manager late last month, following her election victory. The two had…

Bayview PACE Provides $200M C-PACE Financing for Mixed-Use Tower in Downtown Miami

Bayview PACE, a division of Bayview Commercial Mortgage Finance, has provided $200 million in C-PACE financing for Okan Tower, a 72-story mixed-use tower underway at 555. N. Miami Ave. in downtown Miami. The borrower, Okan Group, and its construction affiliate Okan Construction recently reached the 40th floor of the tower’s build-out. The tower will rise 903 feet…

$200 Million C-PACE Financing Secured for Okan Tower as Construction Reaches 40th Floor in Downtown Miami

Okan Tower has reached the 40th floor as construction continues at the 72-story mixed-use high-rise rising at 555 North Miami Avenue in Downtown Miami. Developed by Okan Group and designed by Behar Font & Partners, the project is now more than halfway toward its planned 903-foot height. The construction milestone coincides with the closing of $200 million in…

Pompano Beach apartment complex trades for $41M

The most expensive home sale recorded in South Florida was in Fort Lauderdale. A newly built condo at Kolter Urban’s Selene Oceanfront Residences at 151 North Seabreeze Boulevard sold for $10.9 million. The buyer was Don Marco Holdings, LLC, a Texas company. Douglas Elliman is marketing the development, which consists of two, 26-story towers. 🏆 Commercial: The…

Griffis, MAP scoop up apartment properties in Pembroke Pines and Boca Raton

A Pompano Beach apartment building traded for $41 million, marking a slight discount from its price four years ago, while a Boca Raton rental complex sold for $30 million. Greenwood Village, Colorado-based Griffis Residential bought the eight-story, 144-unit building at 275 North Federal Highway in Pompano Beach from Montreal-based Frankforter Group, according to…

Codina, Carr cash out of Sunrise site planned for 900 homes for $165M — a big gain

CC Homes, led by developers Armando Codina and Jim Carr, cashed out of their Sunrise development site planned for 900 homes for $164.5 million, a big gain in value from its price three years ago. New York-based DW Partners, a land bank for homebuilding titan Lennar, bought the 160-acre former golf course at 7400 Northwest 24th Place from Coral Gables-based CC Homes…

Kolter completes Selene in Fort Lauderdale with $425M sales

Kolter Urban has closed $425.3 million in condo deals at its newly completed Selene Oceanfront Residences in Fort Lauderdale. The developer finished the two-tower, 26-story, 194-unit condominium at 151 North Seabreeze Boulevard late last year and began closings in October, according to property records. So far, 168 deeds have recorded, totaling $425.3 million in sales.

Rockpoint JV to Develop 452-Unit Sunrise Community

Boston-based Rockpoint has established a joint venture with The Morgan Group and Humbold Real Estate Ventures for the development of Caroline at Sunrise, a 452-unit community located in Sunrise, Fla., a submarket of Fort Lauderdale. The partnership acquired the land for the project, which is set to break ground imminently. In December 2025, the South Florida Business…

Revised Plans Filed for Mixed-Use Tower at 11 North Andrews Avenue in Downtown Fort Lauderdale

Revised plans have been filed for a mixed-use tower at 11 North Andrews Avenue in Downtown Fort Lauderdale. Designed by Cube3 and developed by Bachow Ventures in partnership with Infinity Collective, the proposal now calls for a 27-story building rising approximately 294 feet at the northwest corner of Broward Boulevard and North Andrews Avenue. The building would…

‘The Caroline at Sunrise’ Planned for 21-Acre Site at 3363 N Pine Island Road in Sunrise

Three developers have joined forces to produce a multi-family housing community in Broward County. The Caroline at Sunrise is set to comprise 452 residences in a garden-style setting. More specifically, it will feature 412 apartments in eight, four-story buildings and 40 townhomes in six, three-story buildings. PR Newswire calls the project “an amenity-rich…

Meritage brings townhome plans to growing Wellington area

Meritage Homes is pursuing a rezoning of a 30-acre site it has under contract in Wellington, with preliminary plans for a 206-townhome complex. The Scottsdale, Arizona-based homebuilder proposes the project for the six-lot site at 16300, 16350 and 16426 Velazquez Road, and at 16275, 16301 and 16421 Rembrandt Road, near Lion Country Safari, the South Florida Business…

BGI Capital completes $41M West Palm Beach dev site acquisition

Developer BGI Capital completed a $40.9 million acquisition of a development site adjacent to its nearly completed waterfront West Palm Beach condo tower, Alba Palm Beach. Records show the Miami-based developer, led by Kenneth Baboun and Robert Barthelmess, bought the properties at 4720, 4802 and 4804 North Flagler Drive from Justo Naranjo, Beatriz Corrales, and…

Hyperion scores more public subsidies for delayed Boynton Beach project

Hyperion Group won increased incentives for its delayed Boynton Beach multifamily project in a deal presumed to be the local Community Redevelopment Agency’s biggest-ever tax increment financing agreement. This week, the Boynton Beach CRA approved a bump to $11.5 million from $9 million for the project that’s expected to include 371 residential units, 25,600…

$520M Vanderbilt West Palm Beach campus advances, backed by real estate money

Vanderbilt University is moving forward with its plans for a graduate campus in West Palm Beach, more than a year after scoring its first approvals for the project. The Nashville-based university is preparing to break ground on the $520 million campus, which will offer graduate programs in business and technology, according to a press release. It is the culmination of…

Billionaire Frank McCourt narrowly nabs initial approval for mixed-use project in Wellington

Wellington narrowly approved zoning changes that would allow former Los Angeles Dodgers owner Frank McCourt and Mike Meldman’s Discovery Land Company to transform a polo field into a mixed-use project with homes, an equestrian complex and private club. On Monday, the village council voted 3 to 2 on first reading to move the Isla Carroll Polo and Residences…

Kolter, Perko launch sales for waterfront West Palm Beach condo project

After completing a condo buyout earlier this year, Kolter Group and Perko Development Partners are launching sales for a waterfront condo in West Palm Beach. Their Maison d’Or project is slated for the 1.4-acre waterfront site at 3705 South Flagler Drive, across the Intracoastal Waterway from President Donald Trump’s Mar-a-Lago Club. It is set to span 19 stories…

Real estate rallies behind West Palm Beach mayoral frontrunner

Christina Lambert, the frontrunner in West Palm Beach’s 2027 mayoral race, has real estate’s vote. At least that’s what campaign finance filings show. Lambert has raised more than $1 million since launching her run for mayor last year, between direct donations and contributions to the political action committee Friends of Christina Lambert. A web of LLCs and…

Tallahassee hustle: Real estate proposals in the Florida Legislature this session

Real estate plays a major role in this year’s Florida legislative session. Lawmakers will take up proposals this session that would streamline approvals for rural master-planned communities, tweak the controversial Live Local Act, and target homeowners associations. Also up for votes are numerous proposals for property tax alleviation for homeowners who receive a…

Trump’s target on corporate landlords could have a huge effect in Florida

President Donald Trump’s pledge to bar corporate investors from buying homes would land with outsized force in Florida, where Wall Street-backed landlords have spent years amassing vast portfolios of single-family rentals. Any attempt to curtail institutional ownership is likely to face stiff opposition from Wall Street and the real estate industry, the Tampa Bay…

Exclusive: What’s in CBRE’s Forecast for 2026

In its 2026 U.S. Real Estate Market Outlook, CBRE is projecting a strong year for the commercial real estate industry despite economic uncertainty. The report being released today forecasts a continuing recovery for the industry across all major sectors. Commercial Property Executive spoke with Henry Chin, CBRE’s global head of research, to break down the report’s…

The Generational Shift In Storage

Every few years, when the Self Storage Association’s Demand Study is released, we get excited, kinda like Ralphie on Christmas morning unwrapping his Red Ryder BB Gun. There is so much data included that every time I look at it, I see something new and interesting. Over the years, one specific data point has consistently caught my attention. What Percentage of Each…

Distress Hit Differently in this Cycle and Debt Funds May Be the Reason

Despite hopes that the repricing in the market since 2022 would result in the same sort of opportunities seen following the 2008 global financial crisis (GFC), distressed asset sales represent only a minimal share of overall sales activity in this current downturn. Distressed assets reached 20% of total sales by late 2010, three years after the GFC began. In contrast…

Real Assets in Focus: Trends to Watch for 2026

Global real-estate markets have softened again after a brief post-pandemic rebound, constrained by cyclical weakness and persistent structural headwinds. At the same time, competition across private markets has intensified. In 2025, target allocations to real estate declined for the first time in 13 years as institutional investors shifted toward infrastructure and…

State and regional jobless rates climbed in November but remain historically low

Florida’s jobless rate jumped to a four-year high in November. The unemployment rate of 4.2% was up 0.3% from September. The state’s Bureau of Workforce Statistics said October jobs data are not available because of the federal government shutdown that began that month and lasted 43 days. The last time Florida’s unemployment rate was above 4% was in the fall of…

Potential Headwinds for the U.S. Apartment Market in 2026

Though it’s not uncommon for personal experience to differ from a broader group’s experience, sentiment surrounding today’s economic climate feels arguably as disconnected from the macro reality than ever before. Despite what many headlines might seem to indicate, macroeconomic stats such as strong, continued wage growth, cooling inflation, and robust GDP…

Data center REIT CEO says real estate ‘not in an oversupply state’

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.

Americans are changing where they’re moving. Here’s how that could affect 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.

Power Constraints, Market Forces and Emerging Technologies

The U.S. power grid is under significant strain. Surging power demand, driven by digital transformation and the rapid rise of artificial intelligence, is testing infrastructure often past its life expectancy. At the same time, the data center industry is under pressure to expand quickly while aligning with sustainability goals and securing reliable long-term power. …

Top 25 Industrial Markets Drive National Recovery and Long-Term Balance

National Director, Industrial Services | U.S. and Executive Managing Director – Florida As National Director of Industrial Services for the U.S., Stephanie focuses on the overall growth of Colliers’ industrial business, including establishing new client relationships and expanding existing affiliations. She promotes talent recruitment and retention to support…

U.S. Industrial Market Shows Renewed Momentum Heading into 2026

Stable vacancy, sustained leasing activity, moderating new supply, and a meaningful uptick in second-half absorption all point to a market transitioning toward healthier, more balanced growth. The U.S. industrial real estate market closed 2025 with strengthening fundamentals and improving momentum heading into 2026, according to the latest report from Cushman &…

Plans revealed for Related, Dezer and BH’s Sunny Isles luxury condo tower

Related Group, Dezer Development and BH Group filed plans for their oceanfront condo tower in Sunny Isles Beach, months after acquiring the older condo complex that occupies the property. The partnership completed a $131.8 million buyout of the 108-unit Miami Beach Club at 19051 Collins Avenue last summer, with plans for a luxury condo tower. The two-story Miami Beach…

Gencom finances Ritz-Carlton Coconut Grove acquisition with $62M loan

Gencom is retaking full ownership of the Ritz-Carlton Coconut Grove. An affiliate of Miami-based Gencom, led by Karim Alibhai, bought partner Hersha Hospitality Trust’s majority stake in the 115-key hotel at 3300 Southwest 27th Avenue, according to a news release. Gencom and Hersha declined to comment on the sale price, which was not recorded in a public deed.

Okan scores $200M C-PACE loan for downtown Miami condo-hotel tower

Turkish developer Okan Group scored $200 million in C-PACE financing for its Hilton-branded condo-hotel tower under construction in downtown Miami. The lender is Coral Gables-based Bayview PACE. C-PACE stands for Commercial Property Assessed Clean Energy, which encourages the use of energy efficient and sustainable materials and design. Bayview PACE’s recent deals…

Robert Rivani says restaurateur owes $10M-plus over failed Wynwood steakhouse lease

Robert Rivani is going after restaurateur Derek Gonzalez of Goat Hospitality Group for $10.5 million over a failed plan to open a steakhouse in Wynwood. Rivani claims in court filings that Gonzalez’s WGOAT15 owes $9.1 million in rent through 2035, plus taxes and common area maintenance, the South Florida Business Journal reported. Gonzalez signed a lease in 2024 to…

Rilea Group lands $149M multifamily construction loan in overheated Wynwood

Rilea Group landed a $149.2 million in construction financing for its planned Mohawk at Wynwood, a 300-unit apartment tower. The Miami-based real estate developer secured $124.2 million in C-PACE capital from Nuveen Green Capital and a $25 million senior loan from ABANCA USA, arranged by Javier Herrera of Franklin Street, according to a news release. The loan will…

Map: Inside Miami’s biggest dev site sales following record $520M Brickell deal

Oak Row Equities and Vlad Doronin’s OKO Group paid $520 million for a bayfront Brickell property, marking the biggest development site sale in Miami and likely the state. The December trade added fuel to the real estate industry’s narrative that Miami’s financial district is a prime market, insulated from the headwinds felt in most of the rest of the tri-county…

Related’s Nick Pérez on the state of South Florida’s condo market

Nick Pérez has a clear view of South Florida’s condo market, especially the ultra-high-end segment. From September to early December of 2025, his family’s Related Group sold $450 million worth of condos, with more to come. Between October 2025 and this coming March, Related and its partners are completing condo projects totaling 1,500 units, including the Crosby…

South Florida real estate’s biggest stories of 2025

South Florida real estate hit highs and lows in 2025, but construction financing flowed — for the right projects — and billionaire developers and investors like Amancio Ortega and Steve Ross pumped money into the tri-county region. Office and multifamily developers backpedalled, despite a series of rate cuts by the Federal Reserve. Condo developers slogged through…

Rilea Group Lands $150M for Wynwood Development

Rilea Group has secured a $150 million financing package for the construction of Mohawk at Wynwood, an upscale 300-unit project underway in Miami’s Wynwood Arts District. The community is expected to come online in 2028. Nuveen Green Capital issued $124.2 million in C-PACE capital—the largest C-PACE-financed multifamily transaction in Florida. The capital stack…

Burger King, Popeyes Parent Subleases 43K SF Miami Office From L’Oréal

Restaurant Brands International, which owns the Burger King, Popeyes, Firehouse Subs and Tim Hortons brands, is expanding its Miami office footprint with the help of a subsidiary of a French cosmetics giant. The Canadian fast-food holding company will take the entire second floor at 6100 Waterford District Drive, spanning 43K SF, from L’Oréal, Bisnow has learned.

Financial Consulting Firm To Open 26K SF Miami Office: The South Florida Deal Sheet

A financial services firm struck a sizable deal to open its first Miami office. Skyline Financial signed a 26K SF lease at 1501 Biscayne Blvd., formerly known as the Omni Offices, according to Colliers. Colliers’ Kevin Gonzalez and Ana Paula represented the landlord, Resorts World Omni LLC. Cervera Real Estate’s Nickel Goeseke represented the tenant, which…

Dwight Capital Provides $67M HUD-Insured Loan for Emerald Bay Apartments in Hialeah

Dwight Capital has provided a $67 million HUD 223(f) loan for Emerald Bay, a 311-unit apartment community located in Hialeah, a suburb of Miami. The loan proceeds were used to retire existing debt, cover closing costs, fund a replacement reserve for future capital improvements and unlock equity built up through construction and lease-up. Elliot Haft and Jack Tawil of…

Mixed-use ’71 NoBe’ Planned for 2027 Completion at 400 71st Street in Miami Beach

North Beach Town Center Development LLC, an affiliate of Pacific Star Capital, has secured a $94 million construction loan for 71 NoBe in Miami-Dade County. The acquisition has brought the anticipated Class A project closer to its 2027 completion. 71 NoBe will comprise both retail and residences. The 277 luxury apartments will include one-bedroom and two-bedroom…

United Capital Acquires Ives Plaza Shopping Center in Miami Gardens for $12M

United Capital has acquired Ives Plaza, a 56,841-square-foot shopping center located in Miami Gardens, approximately 16 miles north of downtown Miami. An entity doing business as R&E Trust Partnership LLP sold the center for $12 million. David Smith of LG Capital Partners, along with Adam Lipkin of United Capital, served as financial advisors on behalf of United…

Gencom Affiliate Reacquires Majority Interest in The Ritz-Carlton Coconut Grove at 3300 SW 27th Avenue in Miami

Affiliates of Gencom have reacquired a majority ownership interest in The Ritz-Carlton Coconut Grove, a 21-story, 115-key hotel located at 3300 SW 27th Avenue in Miami’s Coconut Grove neighborhood. The transaction marks Gencom’s return as majority owner of the property, which it previously controlled through a joint venture prior to selling a majority stake in…

Miami may hand Tower Theater operation to Miami Dade College

Miami Dade College may resume management of the Tower Theater, the century-old Little Havana cinema, after two and a half years under one commissioner’s control, a move city leaders say will protect its programming, cultural legacy and long-term stability. At the Jan. 8 meeting, city commissioners are to consider a resolution sponsored by Mayor Eileen Higgins and…

Miami looks at canceling Watson Island land deal

Just a month after the City of Miami approved the sale of a 3.2-acre Watson Island site to a developer, the commission is set to reconsider the deal amid concerns about valuation, deal structure and timing before new leadership takes office. On Jan. 8, commissioners will revisit the Watson Island sale under an agenda item sponsored by District Four Commissioner Ralph…

Costly Miami-Dade North Corridor rail plan slips off the schedule

The cost to build long-sought heavy rail from downtown Miami to Hard Rock Stadium almost doubled in the past year and now is $4.2 billion, the Florida Department of Transportation estimates. As project plans are refined, the state no longer cites a completion date – or even when work could start. Planning of the North Corridor, one of six legs of the county’s…

Bridge to link FIU and Sweetwater due early in 2027

The Florida Department of Transportation, which began building the Eighth Street pedestrian bridge at Southwest 109th Avenue in November 2024, expects to finish the project –  including new features in addition to the bridge – in early 2027. Aside from the bridge, the state is adding pedestrian plazas with elevators and stairs at both the north and south landings…

Vertical Construction Underway on One Kane at 9551 E. Bay Harbor Drive in Bay Harbor Islands

Vertical construction is underway at One Kane, a 126,000-square-foot Class A+ waterfront office building rising at 9551 E. Bay Harbor Drive in Bay Harbor Islands. The six-story project is being developed by Miami-based Taubco in partnership with New York-based Landau Properties, with completion anticipated in early 2027. According to reporting by Profile Miami…

Vertical Construction Starts on ‘Modera Aventura South’ at 2681 NE 191st Street in Miami

Florida YIMBY has an update regarding Modera Aventura South, a venture we shared earlier this summer. Vertical construction has started on the nine-story building, bringing the project closer to its anticipated 2027 completion. The venture marks the second phase of the evolving Modera multi-family housing development in northern Miami-Dade County. Modera…

Rilea Group Secures $150M Construction Financing for Mohawk at Wynwood at NE 29th Street in Miami

Miami-based developer Rilea Group has closed on a $150 million construction financing package for Mohawk at Wynwood, a 300-unit multifamily rental development now under construction along NE 29th Street in Miami’s Wynwood Arts District. Completion is slated for 2028. The capital stack is led by $124.2 million in C-PACE financing from Nuveen Green Capital…

4.25-Acre Brickell Bay Drive Assemblage Trades for $520M, Plans Advance for Phased Hotel & Condo Development

Oak Row Equities, a leading vertically-integrated real estate private equity and development company with over $4 billion of development in South Florida, OKO Group, the Miami-based development company founded by international investor and luxury real estate developer, Vlad Doronin, and Mariposa Real Estate have successfully completed the single largest land…

75-Unit Apartment Complex Considered for 6230 SW 69th Street in South Miami

Two developers hope to get approval for a multi-family housing development in South Miami. The Estates Companies and MAS AJP want to proceed with a six-story, 75-unit apartment complex. Floridian Development reports that there would be four floorplans, including studio, one-bedroom, one-bedroom/den, and two-bedroom models. They would span 500 to 850 square…

Developers Scale Down Proposed Residential Community to 245 Townhomes at 28105 S.W. 157th Avenue in Homestead

Two Miami-based developers have revised plans for a residential development in homestead, citing shifts in market demand. In 2023, South Dixie 29 LLC and South Dixie Land (affiliates of Palmcorp Development Group) proposed a 500-unit development set to feature 76 townhouses and 424 apartments. Now, new plans call for a scaled-down community that would feature…

Related Group Refiles FAA Height Permits For 897-Foot Tower At 444 Brickell Avenue

Related Group has refiled Federal Aviation Administration height permits for its long-delayed third and final tower at One Brickell, signaling renewed movement on the final phase of the three-tower master plan along the Miami River. The FAA filings confirm a previously approved height of 897 feet above ground, or 901 feet above mean sea level, for the tower proposed…

CenterPoint Pays $125M for Pompano Beach Industrial Campus

CenterPoint Properties has acquired Bridge Point Powerline Road, a 467,722-square-foot industrial campus in Pompano Beach, Fla., according to South Florida Business Journal. A Morgan Stanley fund sold the three-building complex for $124.5 million or approximately $266 per square foot. Morgan Stanley had acquired the asset from developer Bridge Industrial in 2019 as…

Lennar land bank picks up 20 acres near Pompano Beach casino for $50M

A Lennar land bank paid $50 million for a 20-acre development site near Harrah’s Pompano Beach casino in Broward County. Millrose Properties of Florida, a publicly-traded Lennar spinoff, acquired the parcel at 777 Isle of Capri Circle within The Pomp, a 223-acre mixed-use development in Pompano Beach, records show. The city of Pompano Beach approved a residential…

Midtown Capital lands $84M debt for Flagler Village apartments in Fort Lauderdale amid supply overhang

Midtown Capital Partners scored an $84 million construction bridge loan for its Flagler Village apartment project. Miami-based Midtown Capital is expected to complete the 252-unit Astor Park Flagler Village with a pair of 12-story buildings this summer. The complex, at 333 Northeast Sixth Street in Fort Lauderdale, is on tap as South Florida feels pressure from a…

PMG Secures $115 Million Construction Loan for Sage Intracoastal Residences at 900 Intracoastal Drive in Fort Lauderdale

Property Markets Group has secured a $115 million construction loan for Sage Intracoastal Residences Fort Lauderdale, a 28-story boutique condominium tower currently under construction along the Intracoastal Waterway. The project, which recently broke ground, is located at 900 Intracoastal Drive and is scheduled for completion in late 2027.

GL Homes proposes hundreds of homes on Palm Beach County golf course

GL Homes, one of Florida’s largest homebuilders, is proposing hundreds of homes on a golf course in Palm Beach County near Lake Worth Beach. The developer, led by Misha Ezratti, is seeking the county’s approval for a development that includes 500 single-family homes and 300 apartments, the Palm Beach Post reported. The plan is to redevelop the 168-acre site of the…

Boca Raton mixed-use project scores $74M Bank OZK construction loan

A Compson Associates-led joint venture landed a $74 million construction loan for a planned mixed-use complex in Palm Beach County that started construction last month. Little Rock, Arkansas-based Bank Ozk provided the financing for The Aletto, which consists of two 10-story mid-rises with 140,000 square feet of retail and office space on a 1.3-acre site at 119 East…

Boca Raton moves to rein in public land deals after blocked referendum

Boca Raton officials moved to tighten oversight of city land deals, approving an ordinance that requires two public hearings and findings that justify how the deals will help the public. The measure, approved by the city council Tuesday night by a vote of 3 to 1, was approved more than a month after a judge blocked a proposed referendum that would have required any…

Developers jump on suburban office demand as tenants ditch pricey West Palm

Downtown West Palm Beach’s office market is booming. But not everyone can afford to stay. Billionaire Steve Ross’ hefty office investment and development in downtown West Palm supercharged the market, aligning with city and county boosters’ vision for growth. And Ross’ towers have become a magnet for tenants. As Ross’ investment increased rents across…

Affiliated scores $73M construction loan in Boynton Beach amid Live Local rush

Affiliated Development scored a $73 million construction loan for a Live Local Act project in Boynton Beach, amid a rush to build apartments under the state workforce housing law. Fort Lauderdale-based Affiliated, a workforce and affordable rentals developer, started construction of The Dune with 336 units on a 4.3-acre site at 2607 and 2617 South Federal Highway…

Greystar Seeks to Expand ‘Avana Palm Beach Gardens’ by 75 Percent at 10000 FL A1AAlt in Palm Beach Gardens

As it stands, the two-story Avana Palm Beach Gardens hosts 448 apartments on a 44.3-acre site. Now, Greystar wants to rezone 9.4 acres on the site’s southern side from “residential medium” to residential high,” allowing for the construction of more apartments. Rezoning approval would allow Greystar to demolish the apartments already on the site and replace…

Affiliated Development Secures $73M Construction Loan and Breaks Ground on The Dune at Federal Highway in Boynton Beach

South Florida-based Affiliated Development has closed on a $73 million construction loan with Pacific Life Insurance Company for The Dune, a mixed-use, mixed-income multifamily development in Boynton Beach, Florida. Located off Federal Highway just north of Delray Beach, The Dune will deliver 336 residential units, including 298 luxury apartments in an eight-story…

Construction Starts on ‘The Dune in Boynton Beach’ at 2755 S. Federal Highway in Boynton Beach

Construction has started on a mixed-income housing development in Palm Beach County. Florida YIMBY first reported on this venture in March 2024. The Dune in Boynton Beach is set to measure eight stories above grade and comprise 298 apartments and 38 townhomes, yielding a total of 336 units. The apartments will be located on a parcel called “the Dune South,”…

Lennar sells majority control of multifamily division to TPG after years of losses

Lennar Corp., the country’s second-largest homebuilder, sold its majority stake in its multifamily development division to San Francisco-based asset management firm TPG. Lennar will hold onto a minority stake in Quarterra, and TPG Real Estate has agreed to invest $1 billion into the multifamily developer, and “potentially raise more capital for future growth,”…

J.P. Morgan’s 2026 commercial real estate outlook

The 2026 commercial real estate outlook is bright. Multifamily and industrial remain strong, retail is steady and office is bouncing back in some metropolitan areas. “In 2025, we saw improvements in real estate equity fundraising and transaction volume,” said Michelle Herrick, Head of Commercial Real Estate at J.P. Morgan. “The 2026 market is strong from both a…

RealPage: What We Got Right – and Wrong – About the U.S. Apartment Market in 2025

Calendar 2025 was a year of surprises for the U.S. apartment market. As we start the new year, it’s worth taking a moment to revisit some of the predictions we made for the apartment market last year, to see where our forecasts aligned with reality – and where the market threw us curveballs. Our first prediction wasn’t exactly bold – more of a reminder that…

Americans are changing where they’re moving. Here’s how that could affect 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.

Power Becomes the New Site Selector in Logistics Real Estate

With grid constraints mounting and power reliability under strain, logistics real estate is emerging as a platform for energy innovation — not just supply chain support, according to a Prologis white paper. Historically, sites were chosen for proximity to ports, highways and labor pools, but today, energy readiness is equally critical. Electric fleets, automated…

CRE Experts Round-Up: Top Retail Trends to Expect in 2026

In our latest edition of our annual tradition, we reached out to several CRE experts and economists from leading national firms to provide their predictions and insights regarding what they expect to see across the commercial real estate landscape as we head into 2026. The consensus among industry leaders has shifted from the “cautious resilience”… Read more…

Trilogy scores $82M construction loan for Edgewater apartments

Trilogy Real Estate Group landed an $82.3 million construction loan for a planned multifamily tower in Miami’s Edgewater. Chicago-based Trilogy, led by president and CEO Neil Gehani, received the financing from Bank OZK, the South Florida Business Journal reported. The project, dubbed Edgewater 27, is slated for the 0.6-acre site at 2728 Northeast 2nd Avenue.

Simon’s $512M Brickell City Centre buy tops big year for South Florida retail

South Florida’s largest retail trades of 2025 were headlined by Simon Property Group’s purchase of Brickell City Centre’s shops and a wave of institutional capital targeting grocery-anchored centers and lifestyle assets from Miami’s urban core to Palm Beach County suburbs. The 10 biggest deals totaled more than $1.2 billion, a significant bump in transaction…

Cash is king: Zara founder’s $274M Brickell buy tops 2025 Miami office deals

South Florida’s top office deal this year was Spanish billionaire Amancio Ortega’s $274.4 million purchase of Brickell’s Sabadell Financial Center. The sellers received a higher offer from a buyer who required a loan, but they went with Ortega’s all-cash offer, a source said. Cash deals are often preferred because they take out the uncertainty of closing that…

Steve Ross’ West Palm buildings dominate 2025 South Florida office leasing

Billionaire Steve Ross’ downtown West Palm Beach portfolio dominated in South Florida office leasing this year. His 10 CityPlace and 15 CityPlace buildings accounted for three of the top-10 office deals in the tri-county region. After stepping back from New York-based Related Companies last year, Ross made downtown West Palm his playground through his Related Ross…

Fight over Trump library land deal led South Florida’s juiciest lawsuits of 2025

A handful of prominent players in South Florida’s real estate world spent 2025 in courtrooms, tangled in legal skirmishes that pitted power brokers, luxury brands and even a presidential legacy project against a cast of scorned investors, ousted owners and activist plaintiffs. A developer fended off anonymous smear campaigns. A builder accused investors of a hostile…

A look at OKO and Oak Row’s portfolio across South Florida

Oak Row Equities and Vlad Doronin’s OKO Group paid a record $520 million this week for a Brickell assemblage they plan to develop with a hotel and branded condos. It marked the biggest development site deal in South Florida and likely the state. The pair purchased the 4.25-acre bayfront assemblage consisting of the 32-story Brickell Bay Office Tower at 1001 Brickell…

Miami Design District’s largest landlord scores $100M loan for six retail buildings

The luxury business is still booming in Miami’s Design District for Craig Robins’ Dacra, L Catterton Real Estate and Brookfield. The partnership, which is the largest landlord in the Design District, added $100 million to an existing $250 million loan secured by six retail properties, including the historic Moore Building at 4040 Northeast Second Avenue, records…

Cirrus wins distressed downtown Miami development site with $77M credit bid

Cirrus Real Estate won a bankruptcy auction for a distressed downtown Miami redevelopment site with a $77 million credit bid. An affiliate of New York-based Cirrus, led by Joseph McDonnell, topped other offers during a live sale last week conducted by Sotheby’s Concierge Auctions, court records show. Bidding opened earlier this month with a $72 million bid. The…

Not so fast! Cirrus’ $77M winning bid for downtown Miami site in dispute

Brazilian developer Gilberto Bomeny wants to put the brakes on Cirrus Real Estate taking over his distressed downtown Miami redevelopment site, in a predicament playing out between Christmas and New Year’s. Bomeny entities that own the parcel at 340 Biscayne Boulevard, home to a Holiday Inn built in 1950, asked a Miami federal bankruptcy judge last week to throw out…

All The Records South Florida CRE Broke In 2025

Miamians may not know how to function in a season other than summer or drive across town without hitting traffic, but if there’s one thing they’ve mastered, it’s going big or going home. And this year, South Florida’s commercial real estate did just that, with seven of the biggest or most expensive deals in the market’s history struck in 2025. These deals span…

Allen Morris Co. Secures $138.5 Million Construction Loan for Ziggurat at 3101 Grand Avenue in Coconut Grove

Allen Morris Co. has secured a $138.5 million construction loan for Ziggurat, a mixed-use development planned for a 1.7-acre site at 3101 Grand Avenue in Miami’s Coconut Grove neighborhood. The financing was provided by affiliated funds of BDT & MSD Partners alongside BHI, the U.S. banking subsidiary of Bank Hapoalim. The transaction was arranged by Lotus…

Dulce Vida in Allapattah Advances Toward Groundbreaking Following $35 Million Financing

Plans are advancing for Dulce Vida, an eight-story mixed-income residential development in Allapattah, following the closing of a $35 million construction loan, according to reporting by Floridian Development. The project, developed by Coral Rock Development and designed by Behar Font, is one of the neighborhood’s first residential proposals enabled under…

42-Story ‘250 SW Brickell’ Approved for 250 SW 7th Street in Miami

A New York-based developer has plans for a high-density residential project in Brickell. Soaring 42 stories above grade, 250 SW Brickell would comprise 1,011 apartments. They would include studio to two-bedroom units, spanning 335 to 772 square feet. To qualify for incentives under the Live Local Act, 40 percent of the units (404) would be designated as workforce…

‘Tula Residences’ Set for 2027 Completion at 7918 West Drive in North Bay Village

A South Florida-based developer has secured financing to jumpstart a delayed luxury project in North Bay Village. Tula Residences is set to measure 21 stories above grade and comprise 54 units, including six penthouses. The 48 corner-only residences will span floors seven though 19, while the six penthouses will occupy floors 20 through 22. Floorplans will span…

Metro Express aids commutes but snarls Homestead traffic

Still in its early months, the long-anticipated Metro Express bus rapid transit service has brought a new mode of transportation to Homestead, but not without its own set of challenges that are adding serious traffic delays within the city, according to the city’s top elected officials. From the system’s launch date on Oct. 27 to Nov. 25, more than 5,300 riders…

Analysis finds $286 million Orange Bowl South Florida impact

Last year’s Orange Bowl Festival, including the 2025 College Football Playoff Semifinal at the Capital Orange Bowl, generated $286.3 million in new economic impact and media exposure value for South Florida, according to a study by Rockport Analytics. Rockport Analytics was commissioned by the Orange Bowl to develop an independent estimate of the quantifiable…

Micro units featured in 1,011-unit Brickell tower

Micro dwelling units and affordable housing are destined for a busy corner in Miami’s West Brickell. The project, 250 SW Brickell, will be a 42-story tower offering 1,011 residential units, amenities, ground floor retail and parking for 269 vehicles, at 250 and 296 SW Seventh St. The city’s Urban Development Review Board recommended approval and revisiting the…

Terra Completes $74 Million Sale of Doral Square Retail Center at NW 36th Street and NW 87th Avenue in Doral

Terra has completed the sale of Doral Square, a 150,000-square-foot retail center located at the southeast corner of Doral Boulevard NW 36th Street and NW 87th Avenue in the City of Doral. The property was sold to Florida-based investment firm IMC Equity Group for $74 million. The transaction was brokered by Mark Gilbert of Cushman & Wakefield and closed on…

PMG scores $115M construction loan for Fort Lauderdale waterfront condo

PMG scored $115 million in construction financing for the 44-unit Sage condominium project on a waterfront site in Fort Lauderdale. The 28-story building adds to an already crowded pipeline of luxury projects across South Florida, with the tri-county region being especially saturated with branded residences. Foreign buyers account for much of South Florida’s condo…

Brightline looks to raise $100M, sell Fort Lauderdale property amid cash crunch

The passenger rail line linking South Florida and Orlando is scrambling to shore up liquidity as it faces mounting debt obligations, and it’s offering up some real estate to address the cash crunch. Brightline is seeking approval from key lenders to raise $100 million in debt to fund day-to-day operations and potential legal costs, even as ridership and revenue show…

Lionstone revs up sales for Palm Beach Shores project that stalled under previous developer

The Lowenstein family’s Lionstone Development is launching sales for a planned condo project in Palm Beach Shores that stalled out under a previous developer. 123 Ocean is a 6-story, 27-unit luxury condominium slated for the 0.7-acre site at 123 Ocean Avenue. The Lowenstein family bought the site for $13 million last year from developer Deepak Khosa, who planned and…

Planning Board Approves 306-Foot, 27-Story Shorecrest Tower at 1901 North Flagler Drive in West Palm Beach

Plans for Shorecrest, a 306-foot-tall, 27-story residential tower proposed by Related Ross and designed by Roger Ferris + Partners with interiors by Rottet Studio, have received unanimous approval from the City of West Palm Beach Planning Board. Planned for 1901 North Flagler Drive, the approval marks an early milestone for the project along the North Flagler Drive…

Skanska Selected to Build 86,000-Square-Foot Hall of Science Expansion at Cox Science Center in West Palm Beach

Construction firm Skanska has been selected to deliver a major expansion of the Cox Science Center and Aquarium campus in West Palm Beach, Florida. Announced on December 23, 2025, the project calls for the construction of an 86,000-square-foot, two-story Hall of Science that will significantly expand the institution’s exhibition, aquarium, and STEM education…

Can unhappy homeowners disband their HOAs? Experts doubt lawmaker’s proposal

A path to disbanding homeowners associations for residents unhappy with their HOAs is part of a proposal ahead of next year’s session of the Florida Legislature. Rep. Juan Carlos Porras filed House Bill 657, another legislative attempt to address HOA problems and help residents clashing with their leadership. But experts on association law say the proposal would…

How Florida lawmakers plan to attack property taxes next year

Florida’s Republican-controlled House of Representatives is fast-tracking a sweeping package of reforms that could dramatically slash residential property taxes in the state, causing heartburn for local governments that use the money to fund critical services such as law enforcement. Legislators are proposing seven constitutional amendments for the 2026 ballot that…

Here’s what to expect for commercial real estate in the U.S. in 2026

The 2025 economy wasn’t as robust as anticipated — and that’s shaping the commercial real estate outlook for 2026. The economy has slowed down, unemployment is up and construction has taken a bit of a breather across most sectors. This year saw increases in both tariffs and immigration restrictions. Together, those have raised costs for builders and…

US Cold Storage Market Size, Trends, Growth and Forecast 2026-2034

IMARC Group has recently released a new research study titled “US Cold Storage Market Size, Share, Trends and Forecast by Warehouse Type, Construction Type, Temperature Type, Application, and Region, 2026-2034”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future…

Last-Mile Delivery May Get More Competitive as USPS Broadens Access

A new US Postal Service initiative could shake up the last-mile delivery market. The agency announced it will open its network to a broader range of shippers in a move expected to intensify competition in the logistics sector. Starting early next year, retailers and logistics firms of all sizes will be able to submit bids for access to more than 18,000 delivery…

Video: NAIOP’s Marc Selvitelli Discusses CRE Sentiment Index 2025

The commercial real estate market is a dynamic and ever-evolving landscape that requires constant monitoring and analysis to navigate effectively. One of the key platforms providing this invaluable market intel is America’s Commercial Real Estate Show, hosted by a knowledgeable and experienced industry professional. In a recent episode, the show’s host engaged in…

Video: Michael Mandel and Alison Baumann of CompStack Discuss Whether Office is Buy of the Decade

In the wake of unprecedented shifts within the commercial real estate landscape, particularly in the office sector, industry stakeholders are keenly observing market dynamics to understand trends and future opportunities. The recent episode of America’s Commercial Real Estate Show, hosted by a seasoned expert in the field, offered a comprehensive discussion on the…

The Fed on tracking recent financial market conditions

The FRED Blog has discussed how the daily operations of the Federal Reserve Banks and, specifically, the New York Fed generally maintain the effective federal funds rate within the target range set by the Federal Open Market Committee (FOMC). As part of this management effort, the New York Fed monitors a variety of overnight interest rates that help take the…

IMC Equity bulks retail holdings with $74M Doral shopping center purchase

IMC Equity Group is closing out 2025 by picking up for a 4-year-old, nearly fully leased shopping center in Doral. North Miami-based IMC Equity, led by Yoram Izhak, paid $74 million for Doral Square, a 150,000-square-foot, three-level retail building completed in 2001 by David Martin’s Coconut Grove-based Terra, according to a news release. The price amounts to $493…

Lissette Calderon, Rubell family, Lion Development join forces on Allapattah apartments

Lissette Calderon, the Rubell real estate and art family, and Lion Development Group are partnering on a three-phase residential project in Miami’s Allapattah neighborhood, The Real Deal has learned. The trio plans part I of the project as a 21-story, 330-unit rental highrise with 10,000 square feet of ground-floor retail at 1000 Northwest 23rd Street, according to…

Coral Rock scores $54M construction loan for Live Local Act project in Allapattah

Coral Rock Development Group scored a $54 million construction loan for a Live Local Act project in Miami’s Allapattah. Developers across South Florida have seized on the state workforce and affordable housing law by filing a flurry of proposals, but few have advanced their projects to the financing and construction stage. Coral Gables-based Coral Rock plans to…

Neology, Rubell Family Join Forces For Huge Allapattah Residential Project

Neology Group, Lion Development Group and the Rubell family are partnering to launch a multiphase, art-focused residential development in Miami’s Allapattah neighborhood. The joint venture is starting with a 21-story apartment tower on a vacant site a block from the Rubell Museum, a nonprofit art museum owned and operated by the Rubell family. It will be the…

Vlad Doronin joins Oak Row on record $520M deal for waterfront Brickell assemblage

Oak Row Equities and Vlad Doronin’s OKO Group teamed up to pay a record $520 million for Aimco’s waterfront Brickell assemblage, with plans for a luxury hotel and residential project, The Real Deal has learned. Oak Row, led by Erik Rutter and David Weitz, and OKO bought the 4.24-acre property consisting of the 32-story Brickell Bay Office Tower at 1001 Brickell…

Miami’s biggest hotel deals of the year were $200M teardowns

South Florida’s biggest hotel trades of 2025 were led by three nine-figure deals for waterfront and resort properties, as investors bet on continued strength in luxury leisure and Miami’s urban hospitality market despite rising financing costs. The 10 largest sales totaled more than $960 million, with buyers ranging from institutional firms, global hotel…

MG Developer, Prosper jump into hot North Bay Village with condo development

Alirio Torrealba’s MG Developer and Prosper Group are planning a 30-story waterfront condo tower in North Bay Village. MG and Prosper are proposing a 30-story, 147-unit tower at 1681 and 1725 North Bay Causeway, the 1-acre site they bought for $30.9 million last year. The partners filed an application with Miami-Dade County’s Shoreline Development Review…

South Florida’s top deals: Boca Raton bowling alley sells for $15M

🏆 Residential: The priciest residential transaction recorded in South Florida was in Miami, where a condo traded for $13.3 million. The seller of a unit at 2821 South Bashore Drive was a trust linked to Stacy Hochfelder and Todd Kesterson. The buyer was another trust, linked to attorney Justin G. Brook. The 6,500-square-foot pad has five bedrooms, five full…

Wellness wave drives top South Florida retail leases of 2025

South Florida’s top retail leases reveal what still worked in a year of cooling markets with lower rents and higher vacancies. Grocery stores and fitness centers were some of the tri-county region’s biggest tenants this year, according to analysis by The Real Deal. The biggest leases were overwhelmingly concentrated in Miami-Dade County, including the year’s…

Focus, Group Fox land $250M construction loan for Brickell Starlite

Focus and Group Fox scored a $250 million construction loan for their planned multifamily tower Brickell Starlite. Affinius Capital provided the financing for the project slated for the site of the former Starlite Motel at 128 Southwest Seventh Street in Miami’s Brickell neighborhood. The 39-story tower is set to have 517 apartments ranging between studios and three…

Vivian Dimond lands $67M construction loan for revived North Bay Village condo project

Developer Vivian Dimond secured a $67 million construction loan for Tula Residences, the stalled North Bay Village condo project she took over earlier this year, The Real Deal has learned. S3 Capital is providing the financing for the planned 21-story, 54-unit tower at 7918 West Drive, according to a news release. Elsewhere in South Florida, S3 Capital, led by Robert…

Paris hotelier buys Angler’s Miami Beach hotel for $44M

A French hotelier bought the Kimpton Angler’s Hotel in Miami Beach for $43.5 million, marking one of the priciest hotel sales recorded in the city this year. Hotels Investment and Management Team LLC, led by Philippe Le Guennec, bought the 132-key property at 600 Washington Avenue. Property records show San Francisco-based KHP Capital Partners sold the nearly 1-acre…

Bluenest’s south Miami-Dade scope grows with two more townhome proposals

The Chraibi brothers’ Bluenest Development proposes a pair of complexes with 163 townhomes that would add to its enterprise in south Miami-Dade County. Bluenest found a foothold in south Dade’s healthy supply of buildable land and unceasing demand for homes at below-market prices. The firm, led by Salim and Kamil Chraibi, has a spate of workforce housing projects…

Lease roundup: Jamie Mulholland restaurant on tap in West Palm, AI firm plans downtown Miami HQ

New York restaurant Ketchy Shuby will open its first outpost outside of New York in downtown West Palm Beach. Ketchy Shuby, which also is a nightlife venue, leased 13,100 square feet at the three-story building at 114 South Olive Avenue, according to a news release from the landlord’s broker. The restaurant is a concept by New York hospitality and entertainment…

New York’s 4 Charles Prime Rib to open in Miami Design District

Another New York transplant is heading to Miami. 4 Charles Prime Rib, one of the hardest reservations to score in the Big Apple, reportedly plans to open in Miami’s Design District. The restaurant is expected to take over the former Swan space, at 90 Northeast 39th Street, according to the Miami New Times and the What’s Good Miami Substack. Swan was owned by…

Grant Cardone tops South Florida’s multifamily deals of 2025

South Florida multifamily landlords felt the sting from elevated expenses this year. Case in point: The top deal was a $235 million purchase of a Boca Raton apartment building out of bankruptcy proceedings. The seller had put the building into Chapter 11 reorganization, avoiding an impending foreclosure auction from the lender over a $145 million loan. No other deal…

Trump presidential library cleared for downtown Miami land deal

A judge on Thursday cleared the way for Miami Dade College to hand over a valuable downtown Miami site for use as Donald Trump’s presidential library, dismissing a lawsuit that accused the school of violating state transparency laws. The ruling by Miami-Dade Circuit Court Judge Mavel Ruiz lifts a temporary injunction blocking the college from transferring a parking…

Ugo Colombo completes Vita at Grove Isle condo project on Coconut Grove after years of legal fights

Ugo Colombo’s firm brought Vita at Grove Isle to life, despite a decade of nearby property owners raising hell over the seven-story ultra-luxury condo building in Miami’s Biscayne Bay. CMC Group delivered the 65-unit project recently with 85 percent of units presold, according to a news release. Ten units are left for sale, ranging from $6.5 million to a penthouse…

“Complicated” and “eclectic”: Miami OKs Helm’s Live Local project despite some unease

Helm Equities’ Live Local Act project in the Miami Design District scored approval, despite some city review board members expressing unease with the tower’s design. On Wednesday, the Miami Urban Development Review Board passed Helm’s proposal with some recommended design tweaks. It also approved Namdar Group’s 1,011-unit multifamily tower in Brickell, with…

Blackstone’s South Florida sell-off dominates biggest industrial deals of 2025

South Florida’s largest industrial sales of 2025 were dominated by single-tenant logistics campuses and multi-property portfolios, with institutional investors trading heavily in Miami-Dade and Broward even as deal volume slipped from 2024’s frenzied pace. The top ten industrial deals combined for $822 million, compared to $1.1 billion last year, according to…

JV Lands $250M Loan for Multifamily Brickell Development

Joint venture partners Group Fox and Focus have secured a $250 million construction loan to develop a Class A multifamily property in Miami’s Brickell area. Affinius Capital originated the debt for the project Brickell Starlite, with the site sitting in proximity to Brickell City Centre and Mary Brickell Village. Cushman & Wakefield arranged the financing for the two…

Focus JV Lines Up $250M for Miami Development

A joint venture between Focus and Group Fox has obtained a $250 million construction note for Brickell Starlite, a 517-unit luxury project in downtown Miami. Affinius Capital issued the debt in a deal arranged by Cushman & Wakefield. The Gensler-designed development secured county approval earlier this year. Completion is scheduled for 2028, according to Florida YIMBY.

Proposed development could impact fuel depot at PortMiami

Miami-Dade is in the midst of negotiations that will have a deep impact on one of the county’s main economic drivers: PortMiami. In September, a developer bought the facility on Fisher Island that stores all the fuel for ships docked at PortMiami. That company wants to build a large-scale development on the property, depriving the county of a fuel depot. Miami-Dade…

All The Records South Florida CRE Broke In 2025

Miamians may not know how to function in a season other than summer or drive across town without hitting traffic, but if there’s one thing they’ve mastered, it’s going big or going home. And this year, South Florida’s commercial real estate did just that, with seven of the biggest or most expensive deals in the market’s history struck in 2025. These deals span…

OKO Joins Oak Row Equities To Close Record $520M Brickell Land Deal

After a year under contract for the largest land deal in South Florida history, Oak Row Equities found a partner and a lender to close on a Brickell waterfront assemblage for a record $520M. The firm, led by Erik Rutter and David Weitz, brought in OKO Group as a partner and landed a $464.5M acquisition and predevelopment loan from hedge fund-backed lender Tyko…

Chicago Developers Land $250M Loan For Brickell Apartments: The South Florida Deal Sheet

Affinius Capital got into the holiday spirit by providing a $250M construction loan for a 39-story Brickell apartment tower. The developers, Chicago-based Focus and Group Fox, landed the loan to build the 517-unit multifamily building, 5% of which will be dedicated to workforce housing, according to a release. Dubbed the Brickell Starlite, the project is set to rise…

Downtown Miami Land Gift For Trump Library Back On Track After Judge Lifts Block

President Donald Trump’s presidential library is set to start moving forward again after a judge dismissed the lawsuit that blocked Miami Dade College’s decision to transfer a 2.6-acre site in Downtown Miami to the state. Judge Mavel Ruiz of Florida’s 11th Circuit Court ruled on Thursday to lift the temporary block on the land transfer and tossed the underlying…

Former Vornado CEO Accuses CIM Of Exploiting Lawyer’s Error To Come After $43M Personal Guarantee Tied to South Beach Hotel

Eric Birnbaum, CEO of Dreamscape Hospitality, and Michael Fascitelli, former CEO of Vornado Realty Trust, are personally on the hook for more than $40M tied to a South Beach hotel they developed. Now, they’re asking a judge for a way out. The business partners claim that a drafting error made its way into the final loan documents they signed with…

Ground Breaks on 14-Story PALMA Miami Beach Residences at 600 71st Street in North Beach

Ground has broken on PALMA Miami Beach Residences, a 14-story condominium development underway at 600 71st Street in Miami Beach’s North Beach neighborhood. The project is being developed by Lefferts and is designed by Built Form. Construction officially commenced following a ceremonial groundbreaking held on Tuesday, December 16, marking the start of work on the…

New Interior Renderings Showcase RAMSA-Designed Spaces at Ocean Terrace in North Beach, Miami Beach

New interior renderings have been revealed for Ocean Terrace, an oceanfront mixed-use development planned for the Collins Avenue corridor between 74th and 75th Streets in North Beach, Miami Beach. The project is being developed by Witkoff Group in partnership with Ocean Terrace Holdings, a venture between Alex Blavatnik and Sandor Scher. Architecture for the buildings…

Terra Arranges $74M Sale of Doral Square Lifestyle Shopping Center in South Florida

DORAL, FLA. — Terra has arranged the $74 million sale of Doral Square, a 150,000-square-foot lifestyle shopping center in Doral, a western suburb of Miami. North Miami-based IMC Equity Group was the buyer. Mark Gilbert of Cushman & Wakefield brokered the transaction. Ocean Bank provided a $36 million acquisition loan to the buyer. Situated at the gateway to…

Miami Beach kicks site of fire station back to a community center

The Miami Beach City Commission voted unanimously Dec. 17 to approve the relocation of Fire Station No. 1 to a new fire station that will be constructed at the South Shore Community Center site. Miami Beach Fire Station No. 1, built in 1967, is currently at 1051 Jefferson Ave.  The vote to relocate to the initially chosen location at Sixth Street and Meridian Avenue…

Miami police and fire headquarters ticketed for Freedom Park

The City of Miami is moving forward on a new public safety building at Freedom Park to house a new police headquarters and fire station, pending a traffic study and a town hall for community input. On Dec. 11, commissioners reviewed options for replacing the city’s aging police headquarters and weighed the pros and cons of three sites: the existing downtown…

100-story Waldorf Astoria tower halfway to completion in downtown Miami

The tower of glass boxes rising in Miami – the Waldorf Astoria Hotel & Residences – has reached another milestone in its historic construction. National developer Property Markets Group (PMG) has announced that the gleaming stack of cubes has reached the half-way point of its rise downtown. In an email to Miami Today last week, PMG offered details of the…

Tenants kick tires at long-vacant Roosevelt Theater in Miami Beach

Potential tenants have shown interest in renting the 76-year-old Miami Beach Roosevelt Theater, Mayor Steven Meiner said Friday – but the interest isn’t from scarce cinema operators. The future of the theater building at 770 Arthur Godfrey Road has been on the city’s formal agenda since May 2024, when commissioners voted unanimously to have the administration…

Helm Design District set to add 278 affordable residences, offices, retail to Miami Design District

Miami’s growing Design District is set to gain needed affordable housing for the city with the planned Helm Design District project. Not only is the mixed-use project bringing 278 residential units to the site but also about 56,000 square feet of commercial-retail uses, about 101,000 square feet of office space, parking for up to 613 vehicles, and plenty of…

Miguel Gabela: Commissioner targets Miami Freedom Park’s development

Miguel Angel Gabela, elected in November 2023, serves as the City of Miami Commissioner for District One, representing Flagami, Allapattah and parts of Little Havana. A longtime resident and business owner in the district, Mr. Gabela has spent decades living, working and raising his family there, giving him a firsthand understanding of the community’s needs and…

Construction Starts on ‘Ponce Park’ at 3000 Ponce de Leon Boulevard in Coral Gables

Florida YIMBY has an update regarding Ponce Park, a venture that’s been evolving for more than five years. Construction has officially started on the luxury mixed-use venture, with completion slated for early 2028. Ponce Park is set to measure 11 stories above grade and comprise 58 condos. Floorplans will range from two-bedroom to five-bedroom homes, featuring…

Basis Purchases Industrial Portfolio in Hialeah, Florida for $84.8M

HIALEAH, FLA. — Basis Industrial has purchased a portfolio of 42 small-bay industrial buildings totaling 396,135 square feet in Hialeah, a suburb of Miami, for $84.4 million. Jose Lobón of CBRE represented the seller, TA Realty, in the transaction. Anthony Scavo internally represented Basis Industrial. BankUnited and Seacoast Bank provided financing for the…

Mixed-use ‘Avalon South Miami II’ Proposed for 7230 SW 59th Avenue in South Miami

Virginia-based AvalonBay Communities has plans for a mixed-use development in Miami. Avalon South Miami II would measure 16 stories above grade and comprise 254 apartments. They would range from studio to three-bedroom units, and residents would have access to various on-site amenities, including a fitness center, clubroom, and recreation lawn. Other key features…

Vita at Grove Isle Reaches Completion at 4 Grove Isle Drive in Coconut Grove

CMC Group has completed Vita at Grove Isle, a 7-story boutique waterfront condominium located on the private island of Grove Isle in Miami’s Coconut Grove neighborhood. Following the issuance of a Temporary Certificate of Occupancy, unit closings are now underway at the development, which contains 65 condominium residences.

Jeffrey Soffer sells Hallandale Beach casino parking lot for $31M

Billionaire Jeffrey Soffer offloaded part of his Broward County gambling site, a portion of a parking lot, for $31.1 million. An affiliate of Soffer’s Aventura-based Fontainebleau Development sold 12.2 vacant acres of the Big Easy Casino at 831 North Federal Highway in Hallandale Beach to an affiliate of Kadima Developers, records and real estate database Vizzda…

How Steve Witkoff’s Shell Bay Club in Hallandale Beach became ground zero for global conflict negotiations

A private country club in South Florida has become an epicenter of high-stakes global diplomacy. Delegations from at least nine nations convened over the weekend at Shell Bay Club, the ultra-exclusive Hallandale Beach club co-owned by developer Steve Witkoff and Ari Pearl’s PPG Development, for parallel negotiations on the wars in Ukraine and Gaza, according to…

CTO Realty Growth expands retail portfolio into Broward with $65M buy

CTO Realty Growth made its first acquisition in South Florida, picking up a Broward shopping center for $65.2 million. Winter Park-based CTO, led by John Albright, acquired Pompano Citi Centre, a   509,000-square-foot retail complex at 1955 North Federal Highway in Pompano Beach, a news release states. The buyer paid roughly $128 per square foot. Pompano Citi Centre…

South Florida’s top deals: Granite REIT scoops up Fort Lauderdale logistics center for $64M

Residential: The priciest residential transaction recorded in South Florida was on Fisher Island. Pierre Brondeau, executive chairman of FMC Corp., a Philadelphia-based agricultural sciences company, and his wife Melissa Brondeau parted with a 9,800-square-foot penthouse at 7093 Fisher Island Drive, the Palazzo Del Sol, for $35.2 million. The couple purchased the…

Camaco pursues waterfront resi high-rise in booming Fort Lauderdale

A waterfront residential high-rise in Fort Lauderdale is among the projects developers pitched in a year-end flurry of applications in the city. An entity tied to Camaco Development, led by Josephine Campeau, wants to develop the 36-unit Harbor Beach Residences building on a 0.8-acre site at 3049 and 3043 Harbor Drive, according to a profile application included in…

Developers Revise Plans for ‘Sereno’ at 2901 N.E. Ninth Court in Fort Lauderdale

Florida YIMBY has an update regarding Sereno, a venture we covered earlier this March. Initial plans called for a 14-story tower with 76 condos, measuring 1,080 to 2,400 square feet each. They were slated to cost $1.4 million each. Now, plans have changed significantly. Revised plans call for more condos, hotels, and commercial space. Sereno would still measure 14…

Revised ‘One on One’ Plans Proposed for 3049 Harbor Drive in Fort Lauderdale

One on One Harbor Beach Inc., an affiliate of Camaco Development, wants to proceed with a high-rise project in Fort Lauderdale. One on One (also called Harbor Drive Residences) would measure 21 stories above grade and comprise 236 residences. Earlier this year, the South Florida Business Journal reported the two- to five-bedroom homes would measure 1,836 to 3,723…

‘Prestige Davie Main Street’ Slated for January 2026 Groundbreaking at 4260 Davie Road in Davie

A Miami Lakes-based developer is proceeding with a residential project in Davie. Prestige Davie Main Street is set to feature two buildings measuring three and four stories above grade. Occupying a 0.86-acre site, it would host 48 apartments: 36 one-bedroom and 12 two-bedroom homes. They would measure 750 to 1,000 square feet each. The workforce housing units…

Boca Raton approves Meyers Accesso’s project at the Park at Broken Sound

Another mixed-use project was approved in Boca Raton’s 700-acre Park at Broken Sound, adding to the pipeline of new developments planned in the former business park. On Tuesday, the Boca Raton City Council unanimously approved two ordinances and three resolutions that will allow Aventura-based Meyers Accesso to build a 290,000-square-foot, 222-unit apartment project…

BH Group sues to force $21M sale of Wellington golf course

Developer Glenn Straub allegedly backed out of a deal to sell a shuttered Palm Beach County golf course for nearly $21 million to BH Group. On Dec. 10, an affiliate of Aventura-based BH, led by Liat and Isaac Toledano, sued an entity managed by Straub that owns the Polo West Golf Course, a 150.5-acre redevelopment site at 2470 Greenview Cove Drive in Wellington. The…

Steve Ross scores $772M loan for West Palm office projects

Steve Ross, the billionaire focused on turning West Palm Beach into a financial and tech business mecca, scored a record $772 million construction financing package for two office projects. The deal is the biggest known construction loan ever in South Florida, and likely statewide. It comes amid looming questions about the long-term health and success of the…

Boca Raton board backs approval of Terra, Frisbie’s controversial 99-year lease

Developers David Martin and the Frisbie Group are one step closer to getting their controversial One Boca mixed-use project off the ground. On Thursday, the Boca Raton Planning and Zoning Board backed a 99-year lease that will enable Martin’s Terra and Palm Beach-based Frisbie Group to build One Boca, a massive project with 947 residential units, a hotel, and other…

Stephen Ross Gets Largest Construction Loan In Florida History for Planned West Palm Beach Office Towers

Related Ross is closing out the year with a record $772M construction loan from a trio of private credit lenders for two upcoming office towers in downtown West Palm Beach. Related Ross, led by billionaire and Miami Dolphins owner Stephen Ross, landed the financing for 10 and 15 CityPlace in a package led by Ares Real Estate, Monarch Alternative Capital and HPS…

Related Ross Secures Record $772M Construction Loan for 10 and 15 CityPlace in Downtown West Palm Beach

Related Ross has secured a $772 million construction financing package for two new office towers at CityPlace in downtown West Palm Beach, marking both the largest financing transaction in the firm’s history and the largest construction loan ever recorded in Florida. The financing was led by Ares Real Estate funds, with Monarch Alternative Capital and HPS Investment…

As 2025 winds down, multifamily leaders are bullish on new development

Fed rate cut brings money off the sidelines, fueling appetite for building in Blue Chip markets While rents continue to drop in oversupplied Sun Belt markets, rent growth is giving landlords the upper hand in blue chip markets like San Francisco and New York City. In our third Multifamily Market Index, The Real Deal and Amazon Key surveyed industry leaders to learn…

2025 Industrial Sales Climb Ahead of Year-End Nationally

Industrial investment continued to gain momentum in 2025, with 4,257 sales totaling 523.7 million square feet and $68.4 billion in volume transacting, according to the latest Yardi Matrix data. The average price reached $133.68 per square foot as of November—marking a 9.2 percent increase from last year’s $122.46 average. Third-quarter activity also strengthened.

Office Report: U.S. Construction Falls to Historic Lows, Pricing Reaches Bottom

Office fundamentals remain challenged despite modest improvement in vacancy, according to the latest Yardi Matrix national office report. Physical occupancy failed to increase, demand stayed weak, and employment across office-using sectors remained flat. Loan maturities are also adding pressure, with roughly half of outstanding office debt set to mature in the coming…

Most US Apartment Rental Markets Just Got Hotter

As we head into 2026, competition between renters in many U.S. rental markets heated up, according to a RentCafe analysis. Some 82 percent of markets proved to foster a tougher environment for renters, while just 18 percent showed signs of softening. RentCafe employed Yardi Matrix data to investigate the largest 139 markets across the nation, assigning each a Rental…

Regional Fed President warns of ‘serious trouble’ if inflation expectations drifts higher

The job market may be cooling but the region’s top Federal Reserve official is more worried about higher prices. In his most pointed comments in awhile, Federal Reserve Bank of Atlanta President Raphael Bostic staked out his position that it’s inflation, not unemployment, that he is most concerned about. “ I continue to believe that inflation is the more urgent…

Billions Of Square Feet, Untapped: Inside Flexible Warehouse Leases

For property owners, securing a long-term tenant can take months—or even years—leaving valuable space idle and revenue unrealized. Increasingly, however, short-term industrial leasing is transforming that downtime into income. The post Billions Of Square Feet, Untapped: Inside Flexible Warehouse Leases appeared first on Miami Airport Warehouses.

Miami’s Commercial Market Might Be Running Out of Off-Market Supply

Miami’s commercial real estate market is facing a severe supply constraint that has dramatically reduced the availability of off-market deals, according to veteran broker Irene Dakota. Where brokers once relied on a steady pipeline of unlisted land and property opportunities, that channel has nearly dried up, forcing a reevaluation of traditional deal sourcing…

As retail rents rise, so does the cost of dining out in Miami

As South Florida has become one of the most-expensive places for dining out, and where food-and-beverage tenants pay close to $100 per square foot for prime spaces, more local restaurants made an annual ranking of the 100 top grossing dining establishments in the country. Fifteen South Florida restaurants are ranked in the 2025 Restaurant Business Top 100 Independents…

In for a bad time: Miami Beach’s Goodtime Hotel owners in legal battle over $149M debt

The developers of Miami Beach’s Goodtime Hotel are in for a not-so-good time over a payment guarantee tied to an allegedly defaulted $149.3 million mortgage. Eric Birnbaum and Michael Fascitelli allege CIM Group is seeking to illegally collect at least $10 million via the payment guarantee, even if they turn over the 266-key hotel at 601 Washington Avenue via a…

Here are the biggest South Florida industrial leases of 2025

South Florida’s industrial market softened this year, largely due to speculative construction that added vacant space to the market. Although leasing was steady, activity didn’t catch up to the significant deliveries of warehouses, distribution and manufacturing facilities. The tri-county region’s vacancy rate jumped this year, despite hefty leasing. In…

Inexpensive short-term rental project in Overtown scores $93M construction loan

PMG, Michael Simkins’ Lion Development Group and Alex Karakhanian’s Lndmrk Development scored a $92.5 million construction loan for their short-term-rental friendly condo project in Miami’s Overtown neighborhood. The partners secured financing from New York-based Maxim Capital Group, according to a news release. The loan is for One West Twelve Residences (One…

Votes on tap: Namdar, Helm seize on Live Local Act with Miami resi towers

Three developers with plans to add 1,600 multifamily units to Miami, including some workforce apartments through the Live Local Act, are headed to a city projects review board. Namdar Group and Helm Equities each propose a Live Local Act project, and Crescent Heights wants to continue its development in Edgewater. Miami’s Urban Development Review Board will vote on…

Lease roundup: Cartier opens in Palm Beach, juice bar on tap at Fisher Brothers’ Wynwood building

French luxury goods conglomerate Cartier opened in Palm Beach. Cartier leased at 70 Royal Poinciana Plaza within the Royal Poinciana Plaza, according to a release. The boutique opened in a portion of the historic Royal Poinciana Playhouse, according to a Cartier news release. Paris-based Cartier, founded nearly 200 years ago and led by Cyrille Vigneron, is known for…

The Weekly Dirt: Real estate’s pick is Miami’s new mayor

The real estate industry rallied behind Eileen Higgins, who was elected to be Miami’s next mayor in last week’s runoff election. Higgins’ win was a major upset for the Democrats. She is the first female mayor of Miami and the first Democrat in the position since 1997. The former Miami-Dade County commissioner was running against ex-City Manager Emilio Gonzalez…

Bluenest brings market-rate townhomes as Miami Gardens turns investors’ heads

The Chraibi brothers scored rezoning approval this week for a complex with 224 townhomes in Miami Gardens. Bluenest Development, led by Salim and Kamil Chraibi, is under contract to buy the 21-acre site for about $14 million, with the deal expected to close by year’s end, according to sources familiar with the matter. The Chraibis declined to comment on the price…

Free land, $8M in forgivable loans greenlit for Miami affordable housing developers

Miami commissioners granted two developers free land and up to $8 million in forgivable city loans for the construction of affordable and workforce housing rental projects in Little Havana. The vote in favor of the sweeteners came amid rising criticism against the city and other South Florida governments for catering to developers by awarding them perks, including…

Basis pays $85M for value-add Hialeah industrial portfolio

Basis Industrial expanded its South Florida footprint with an $84.7 million purchase of a small bay warehouse portfolio in Hialeah from TA Realty. The deal cements Delray Beach-based Basis Industrial, led by Dan Weinstein, Anthony Scavo, Steve Garchik and Jay Massirman, as one of the largest warehouse landlords in Hialeah, according to a news release. Affiliates of…

Rising commercial rents test Wynwood’s momentum

During the height of Miami’s high season, between November and January, folks line up around the block outside Zak the Baker to pick up loaves of freshly baked sourdough bread or to sit down for a cup of coffee. But for the seven other months of the year, on any given weekday, “you can stand outside and not see a single person walk by for 20 minutes,” Zak Stern…

Controversial $29M Watson Island land sale approved by Miami City Commission despite resident pushback

The Miami City Commission approved a Watson Island land sale that will allow the Motwani family’s Merrimac Ventures and BH3 to develop a plot on the southwest side of the island into a mixed-use project with a condo component. The proposal drew criticism from residents, who called it a “bad deal” and urged commissioners not to rush the vote. “Residents have…

Prestige Cos. JV Completes 341-Unit Hialeah Community

A joint venture between Prestige Cos. and Brunetti Organization has opened Flamingo Village, a 341-unit community in Hialeah, Fla. The duo used funds from a $60.7 million construction loan from Centennial Bank to complete it. The property is the first multifamily development in the 200-acre Hialeah Park Race Trak & Casino and the master plan’s largest project.

Stephen Ross Leads Real Estate Push To Make Flying Taxis Over Miami A Reality

Flying cars typically conjure thoughts of Back to the Future II, The Jetsons or Star Wars. But starting next year, science fiction could morph into reality for South Floridians. Billionaire developer and Miami Dolphins owner Stephen Ross announced a partnership this month with Archer Aviation to build out infrastructure for Archer’s electric vertical takeoff and…

University Of Miami Signs 42K SF Office Lease: The South Florida Deal Sheet

The University of Miami expanded its office footprint with a 42K SF lease for the school’s health system. The university signed a 10-year lease with Hamilton Development for more than 42K SF of office space at Flagler Station, according to a release. It will occupy nearly one-third of Building 1300 and will serve as its anchor tenant. This is the first major lease…

Nuclear Reactor Startup Establishing 100K SF Global HQ In South Florida

A startup that designs small nuclear reactors to power data centers and defense technology is choosing South Florida as its launchpad. Ampera, a company that emerged from “stealth mode” in November with a prototype micronuclear reactor system, plans to operate out of two buildings totaling 100K SF at the Gardens Innovation Center at PGA National Commerce Park in Palm…

Plans Filed for 36-Story Mixed-Use Tower at 220 NE 43rd Street in Miami’s Design District

Plans have been filed with Miami’s Urban Development Review Board for Helm Design District, a mixed-use development proposed at 220 NE 43rd Street in Miami’s Design District. The application was submitted by 4201 NE 2 Ave LLC, an affiliate of HELM Equities LLC, and outlines a two-building project consisting of a 36-story residential tower and an eight-story…

Crescent Heights Proposes ‘Forma Suites’ for 200 NE 30th Street in Miami

Today Miami’s Urban Development Review Board will consider plans for the second phase of Forma in Edgewater. Developer Crescent Heights wants to proceed with the 42-story Forma Suites, which would comprise 841,702 square feet of new construction. The venture would offer 360 apartments, including one-bedroom to three-bedroom layouts, along with some penthouses.

Prestige, Brunetti Deliver 341-Unit Apartment Community at Hialeah Park Race Track & Casino in Hialeah

A partnership between Prestige Cos. and Brunetti Organization has completed Flamingo Village, a 341-unit apartment community located at 2200 E. Fourth Ave. within the 200-acre Hialeah Park Race Track & Casino campus. The community is situated on 13 acres and represents the largest development on the site since the casino opened in 2013. Brunneti is the master…

Soccer stadium will open before most of Miami Freedom Park greenspace

With Miami Freedom Park set to open in April 2026, city officials have set a final timeline for the 58-acre public park promised as part of the development, ensuring the first phase opens alongside the stadium and phase two, which delivers the bulk of the greenspace, finishes by next fall. The Miami city commission voted Dec. 11 to amend the construction agreement…

Call for five-year funding package stymies Miami Center for Mental Health and Recovery

All members of a county committee hailed an opening request for Miami-Dade’s long-delayed mental health center but then sent the plan to the county commission without their seal of approval because it didn’t show that the center could run five years at no added cost to taxpayers. All agreed last week that a national opioid settlement would fund the first two…

Employment cost increases in Miami region highest in nation

After dipping for a year below the national average, total compensation costs for private industry workers in South Florida have suddenly soared to the highest level by far among the 15 largest metropolitan areas. New figures released last week by the U.S. Bureau of Labor Statistics that had been delayed by the federal government shutdown show that South Florida…

Miami Mayor-Elect Eileen Higgins brings in expert transition team

Stepping into City Hall in the new year, Miami Mayor-Elect Eileen Higgins last week announced her chief of staff and a transition team of civic, business and community leaders to help guide her first 100 days in office. The team, unveiled Dec. 12, will be led by Maggie Fernandez, a local government official who has worked closely with Ms. Higgins for years. It also…

Bridge Point Doral 826 Set For 2027 Completion

The development requires the demolition of eight office buildings dating back to the 1970s, repurposing the aging office park into a next-generation, LEED-certified logistics hub. The post Bridge Point Doral 826 Set For 2027 Completion appeared first on Miami Airport Warehouses.

University of Miami Signs 42,000 SF Office Lease at Flagler Station for UHealth

The University of Miami has signed a 42,000-square-foot office lease at Building 1300 at Flagler Station in Miami. The university signed a 10-year lease for the space, and will occupy nearly one-third of the building for its healthcare system (UHealth) offices. The long-term lease deal also includes building-top signage for the university, which will…

226-Unit Townhome Development Slated for 20700 N.W. 42nd Avenue in Miami Gardens

Bluenest Development is proceeding with a townhome development in Miami Gardens. While the project is still in its infancy, plans call for 226 townhomes and a variety of communal amenities, such as a swimming pool and clubhouse. For the project to proceed, the Miami-based firm must secure rezoning from city officials from “agricultural and utilities” and…

‘Flightway Nineteen’ to Feature 10 Commercial Condo Warehouse Units at 10850 NW 140th Street in Hialeah

Flightway Nineteen LLC (tied to entity Blueteck) has secured financing for a mixed-use development in Hialeah Gardens. Flightway Nineteen is set to measure 40 feet above grade and comprise 91,468 square feet of new construction. Designed by Doral-based Cabrera Ramos Architects, the project will be divided into ten commercial condo units measuring 9,133 square feet…

Construction Starts on 240-Unit ‘Urbania NoMi 6ave’ at 12830 N.E. 6th Avenue in North Miami

Construction has officially started on Urbania NoMi 6ave, a project Florida YIMBY covered last year. Upon its anticipated completion in the fourth quarter of 2027, the venture will feature apartments and retail space. More specifically, Urbania NoMi 6ave will measure 105 feet above grade and comprise 240 apartments: 90 one-bedroom homes and 150 two-bedroom homes.

Real estate heavy-hitters pummel Broward appraiser with lawsuits over 2024 assessments

More than three dozen owners of marquee commercial properties are suing Broward County Property Appraiser Marty Kiar, alleging his office improperly calculated market and assessed values, saddling them with inflated tax bills. The lawsuits, filed between November and this month in Broward County Circuit Court, involve some of the county’s best-known hotels, office…

Raanan Katz’s RK expands retail portfolio in Broward with $36M buy

Raanan Katz is back on the retail court with his $36 million purchase of a shopping center in Broward County. An affiliate of Katz’s Sunny Isles Beach-based RK Centers bought Riverbend Marketplace at 2510 to 2670 West Broward Boulevard in Fort Lauderdale, records show. Katz’s family run firm is a prolific investor in South Florida shopping centers, buying and…

21 Hollywood Tops Off at 2100 North Federal Highway in Hollywood

Starlife Group has topped off 21 Hollywood, a 14-story mixed-use residential building under construction at 2100 North Federal Highway in Hollywood, Florida, marking completion of the project’s superstructure less than one year after groundbreaking. The milestone was celebrated alongside Hollywood Mayor Josh Levy, members of the Hollywood City Commission, project…

Downtown Fort Lauderdale’s Huizenga Park to Reopen With Expanded Public Space and Programming

The Fort Lauderdale Downtown Development Authority and the Huizenga Park Foundation have announced the grand reopening of Huizenga Park, a 3.6-acre riverfront public space in Downtown Fort Lauderdale, following a two-year, $15 million redevelopment effort. The park will officially reopen to the public during a two-day community celebration scheduled for January 24 and…

Down for the count? Don King’s Magnolia Park site in West Palm Beach headed to auction

A lender is aiming to deliver a knockout blow against boxing promoter Don King over a distressed 52-acre redevelopment site in Palm Beach County. A foreclosure auction for the former jai alai fronton at 1415 45th Street in Mangonia Park is set for May 18 after Palm Beach County Circuit Court Judge Scott Kerner last month awarded a $42.5 million judgment in favor of an…

Publix buying spree bags Boca Raton shopping center for $83M

Publix added another South Florida shopping center anchored by one of its stores to the grocer’s growing portfolio, dropping $83 million for a retail site in Palm Beach County. An affiliate of Lakeland-based Publix, led by CEO Kevin Murphy, acquired Polo Club Shops at 5050 Champion Boulevard, records show. The grocery chain paid $616 per square foot for the…

Related Ross picks up Publix-adjacent dev site in West Palm Beach

Related Ross scooped up a development site next to a planned Publix grocery store in West Palm Beach. The firm, led by billionaire Miami Dolphins owner Stephen Ross, purchased a nearly 3-acre site at 209 and 210 North Sapodilla Avenue and 755 Second Street for $7.5 million from the Florida Public Utilities Company. Related Ross already owns 605 and 621 Banyan…

Palm Beach County postpones 200-acre ‘Project Tango’ AI data center after community outrage

Tensions ran high in Palm Beach County on Wednesday as commissioners met for a zoning hearing on the controversial “Project Tango” — a proposed 200-acre hyperscale AI data-center complex planned near Loxahatchee and Wellington, in the western part of the county. After hours of emotional public comment from more than 50 residents worried about nonstop…

Related Ross Plans ‘Big Push’ To Bring Defense Tech Firms To West Palm Beach

As Stephen Ross delves deeper into West Palm Beach, his company, Related Ross, has increasingly attracted new companies in industries from financial to law services. U.S. lawmakers are in the midst of pushing the country’s defense systems to become less dependent on other countries. With West Palm Beach’s proximity to the Space Coast region, southern commands in…

Olara Commences Vertical Construction at 1919 North Flagler Drive in West Palm Beach

Savanna, the New York-based real estate investment and development firm, has started vertical construction on Olara, the ultra-luxury residential destination on West Palm Beach’s flourishing waterfront. Rising at 1919 North Flagler Drive and scheduled for completion in 2028, the development is rapidly progressing skyward with work now underway on its podium level, a…

More Developers Avoiding Lenders With Strict Insurance Standards

Despite Florida’s reputation for eternal sunshine, its vulnerability to intense and frequent weather disasters has made it one of the most volatile climates for insurance. Lenders, who are sensitive to risk, have a lot of power in how much a developer will have to pay for insurance on their projects. But amid an active year for construction lending in South…

Why this billionaire real estate developer is waving a red flag over data centers

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.

Power Constraints, Market Forces and Emerging Technologies | Data Center Insights

The U.S. power grid is under significant strain. Surging power demand, driven by digital transformation and the rapid rise of artificial intelligence, is testing infrastructure often past its life expectancy. At the same time, the data center industry is under pressure to expand quickly while aligning with sustainability goals and securing reliable long-term…

Will 2026 Mark the Start of a New Industrial Cycle?

Uncertainty was the big theme for industrial at the start of 2025. The sector opened the year with rising vacancies and a dwindling pipeline, meanwhile macroeconomic concerns cast uncertainty into the market. As the year progressed, some of these questions found answers, but does that mean 2026 will be the start of a new cycle? We reached out to members of Colliers’…

FOMC Summary of Economic Projections, December 2025

In a previous FRED blog post, we discussed the Summary of Economic Projections (SEP) released by the FOMC this past September. In this post, we  again use ALFRED to compare the latest projections released in December 2025 with several of the recent projections for the unemployment rate, core PCEPI inflation, real GDP growth, and the federal funds rate. Note that…

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…