Miami-Dade Property Appraiser seeks higher valuations — leading to bigger tax bills — for Miami-Dade dev sites, Dolphin Mall and cruise ship terminal

Tomas Regalado’s office is suing Simon Property Group, Blackstone, Swire, Royal Caribbean and several prominent condo developers Miami-Dade Property Appraiser Tomas Regalado is seeking higher market valuations for a handful of signature properties and development sites in the county. During a two-day span of July 29 and July 30, the property appraiser’s office filed…

Robert Rivani lands Playboy HQ for Miami Beach office building

Late Hugh Hefner’s iconic, yet diminished brand signed 10-year lease for 20K sf penthouse suite Playboy will take its ongoing makeover from Los Angeles to Miami Beach, as the once-iconic brand is moving its headquarters to Robert Rivani’s office building. PLBY Group, the Los Angeles-based publicly traded company that owns Playboy magazine, its website and its trademarks…

Playboy Relocating Its Global Headquarters To Miami Beach

Another company is moving its headquarters to Miami. Playboy has signed a lease at the Rivani Miami Beach building, just off Lincoln Road. In addition to the new offices, the company is developing a new Playboy Club in Miami Beach with a leading hospitality company. It will include a restaurant, alongside a members-only space inspired by the Playboy Mansion.

Playboy Relocates Global HQ to Miami

The Lincoln’s conversion into The Rivani marks the launch of Robert Rivani’s flagship office project, introducing a new standard for amenitized commercial space in Miami Beach.Image courtesy of RIVANI Playboy has signed a 10-year lease at The Rivani, a 161,448-square-foot, Class X office building in Miami Beach, Fla. The company will relocate its global headquarters…

Baptist Health South Florida beefs up portfolio with Kendall medical office purchase

Hospital chain paid $14M for two-story building near its main campus Baptist Health South Florida continued expanding its real estate holdings with an office building purchase in Kendall. Coral Gables-based Baptist Health, led by CEO Bo Boulenger, paid $14.2 million for the two-story medical office building at 9090 Southwest 87th Court, a press release states.

Developers plan luxury condo project on former Salvation Army lot in Wynwood 

Alchemy Properties previously planned apartments, now expects to launch sales of 186-unit condo project next year Alchemy Properties is moving forward with plans for a luxury condo project on the former Salvation Army property in Miami’s Wynwood neighborhood, The Real Deal has learned. The developer is teaming up with Jason Haim’s Miami-based Breakers Capital…

Keith Menin sells Miami-Dade taco joint spaces for a gain

Keith Menin made gains selling a pair of commercial spaces in Coral Gables and Coconut Grove leased to his Bodega Taqueria y Tequila chain. An entity controlled by Menin… recently sold a single-story building with two retail units at 315-317 Miracle Mile in Coral Gables for $5.1 million… also brokered the recent sale of a two-story commercial building at 3419 Main Highway in Coconut Grove…

Babak Ebrahimzadeh sells Singer Island office building and garage with mixed-use dev potential for $17M

Real estate investor George R. Johnnides is the buyer Investor Babak Ebrahimzadeh sold an office building and an adjacent garage with mixed-use development potential in Riviera Beach’s Singer Island for $16.5 million. Ebrahimzadeh, through his Miami-based Master Mind, sold the Ocean Blue property consisting of a five-story office building and three-level garage at 2655 North Ocean Drive…

Lease roundup: Ultra Padel opening in Midtown Miami, Ugo Colombo lands Italian restaurant at Grove Isle condo project

Also, Wagyu House and others are expanding to Hallandale Beach’s Atlantic Village A 2-acre padel club will open at a planned $2 billion mixed-use development at Midtown Miami, reportedly marking the largest padel venue in the U.S. Ultra Padel will open the Ultra Club Midtown pop-up venue with 11 outdoor courts, three children’s courts, a food and beverage concept…

The Weekly Dirt: Developers bail on South Florida’s multifamily boom

Developers are opting to sell their entitled sites, likely due to high costs The cycle for new multifamily construction is ending, and owners of multifamily development sites are looking for an out. It makes sense. Many developers are putting their sites up for sale following a period of rapid growth fueled by the pandemic boom. Then came the slowdown, brought by unsustainable costs…

Meta Development scores $28M loan to build Coconut Grove condos

Miami-based firm is planning Opus, a six-story building with 14 units, including two penthouses Meta Development scored a $28M construction loan to build Opus, a planned 14-unit boutique condominium in Coconut Grove. Los Angeles-based Arixa Capital provided the financing to Miami-based Meta, a joint venture between Lucid Investment Group, also based in Miami…

Lore plans 402 apartments at former JWU campus in North Miami

Joint venture between Leste Group and Brazilian firm Opportunity Fundo de Investimento Imobiliário paid $26M for dev site Jorge Rucas of Leste Group, Lore Development Group’s Stephan de Sabrit and Opportunity Fundo de In… Lore Development Group plans a 402-unit apartment project on a portion of the closed Johnson & Wales University campus in North Miami…

Swerdlow buys 2-acre Miami dev site for its 5,000-plus-unit workforce, affordable project

Firm plans to redevelop five public housing complexes in the Little River neighborhood Swerdlow Group bought a nearly 2-acre development site in Miami’s Little River neighborhood for $11.5 million. The property will be part of Swerdlow’s planned 5,000-plus unit affordable and workforce multifamily redevelopment of several public housing complexes in Little River.

Billionaires Vlad Doronin and Len Blavatnik’s delayed Aman Residences begins vertical construction with financing infusion

Fully presold 22-unit, 18-story condo now expected to be completed in 2027 Billionaires Vlad Doronin and Len Blavatnik’s delayed Aman Miami Beach is moving forward with new mezzanine financing. Records show the developer secured $85 million in mezzanine debt for the property in early August from Aman Miami Beach Mezz LLC, which is an affiliate of New York-based…

Facing foreclosure, Miami Beach hotel owner sues Wells Fargo 

Z Ocean Hotel ownership entity allegedly defaulted on bank’s $12M loan Hit with foreclosure complaints from two separate lenders, the owner of a Miami Beach hotel is suing one of them for alleged fraud, unjust enrichment and breach of contract. On Aug. 1, an entity managed by investor Luis Taic sued Wells Fargo Bank in Miami-Dade Circuit Court.

Site Work Permit Issued For Santander Tower At 1401 Brickell Avenue

Miami’s Building Department has issued a site work permit for Santander Tower, a 41-story office development planned at 1401 Brickell Avenue in the city’s Financial District. The permit, issued on August 14, allows for excavation, piles, site and soil improvement work, and lists an estimated total cost of $3,000,000. Applications for a phased vertical permit and a master…

UHealth At SoLé Mia Set To Open This Fall In North Miami

UHealth at SoLé Mia is preparing to open this fall within North Miami’s 184-acre master-planned community. The seven-story, 363,000-square-foot ambulatory campus will be the University of Miami’s largest outpatient medical facility, designed with patient experience and long-term quality of life at the forefront. The center integrates biophilic and human-centric design principles…

‘Biscayne North Miami’ Slated for Former Site of J&W Campus in North Miami

Nearly four years after the closure of Johnson & Wales University’s campus in North Miami, a joint venture firm hopes to move forward with a residential development. Lore Development Group intends to proceed with an eight-story apartment building with 402 market-rate rental homes.  The Real Deal reports that floorplans would include studio to three-bedroom apartments.

Magic City Innovation District Building Height Gets FAA Approval

The Federal Aviation Administration yesterday issued height approval for the SIXTY Uptown Magic City apartment building planned in the Magic City Innovation District. The determination letter was issued on August 19 to developing entity MCID Parcel 11, LLC. According to the letter, a permanent height of 295 feet above ground, or  309 feet above sea level, does not represent…

ORA By Casa Tua Files For Eb-5 Designation

The developers planning the 78-story ORA by Casa Tua tower in Brickell are adding an option that may be appealing for some buyers. Developer Fortune International Group said it filed with the USCIS for designation under the EB-5 Immigrant Investor Program and is now accepting EB-5 investments. Under the U.S. EB-5 Program, investments of $1,050,000 may lead to eligibility…

Fortune seeks EB-5 investors for Ora by Casa Tua Brickell tower

Developer launched sales of 533-unit short-term rental-friendly condo-hotel project in 2023 Edgardo Defortuna’s Fortune International Group is tapping the EB-5 investor visa program to help fund its Ora by Casa Tua condo-hotel tower planned in Miami’s Brickell. The developer filed an application for EB-5 designation with the U.S. Citizenship and Immigration Services…

Phased Vertical Permit In Review For 70-Unit Wynwood One

Several construction permits are now in process for a development called Wynwood One. According to MKDA, which is serving as architect of record and interior designer, the building will have residential style hotel units. According to an initial master construction permit filing submitted in December 2023, there will be 70 apartment-hotel units, with 49,320 square feet of apartment-hotel…

65-Story Summit Brickell In ‘Last Mile’ Before Construction

A partner the 65-story Summit at Brickell has provided a development status update. The partnership is now in the “last mile” of reviews and permitting prior to the start of construction, according to The Real Deal. An exact construction start date was not provided. Zoning review of the tower was completed by Miami-Dade in late 2024. The FAA also approved 989 foot…

Photos: Downtown Miami’s Cultural Center Plaza

Photos by Phillip Pessar show the Miami-Dade Cultural Center Plaza in Downtown Miami earlier this week. The plaza was completed in 1983 and has nearly an acre of tiled area, according to the Herald. It was designed by famed architect Phillip Johnson, who was selected for the project in 1972. Johnson was said to have been inspired by Italian architecture and Vizcaya…

Interior Buildout Now Underway At Topped-Off 2200 Brickell

Interior buildout is now underway at the 2200 Brickell luxury condo development, according to contractor Ortega Construction Company. A top off ceremony for the mid-rise building took place in May. A groundbreaking ceremony took place in March 2024. The five story building is planned to include 105 condos, priced from $1.2 million. ODA New York is overseeing interior design…

Miami-Dade’s jobless rate ticks up sharply

Miami-Dade’s unemployment was 2.8% in July, up sharply from 2.4% in June, the Florida Department of Commerce reported. The state’s lowest unemployment in July among metropolitan statistical areas remained in the Miami-Fort Lauderdale-West Palm Beach area at 3.4%, up from 3.2% in June. Florida’s unemployment held at 3.7%, with a state economist saying demand…

Site Work Permit Issued For Brickell’s Tallest Office Building

Miami’s Building Department has issued a site work permit for the Banco Santander development site in Brickell. The site work permit was issued on August 14. A phased vertical permit and a master construction permit are still in process. Demolition of a smaller office building on the site began last summer, after a demolition permit was issued in July 2024.

Demolition Of Edgewater Condo Building May Go To Florida Supreme Court

Florida’s Supreme Court may end up deciding if an Edgewater condo building can be demolished, according to Realtor.com. Two Roads Development has asked the court to hear the case, the report said. That request is pending. The developer wants to build new luxury condo towers on the site. All but eight units in the old building are controlled by the developer.

First Level Poured For 630-Foot, RAMSA-Designed Tower In Brickell

Contractors have now completed multiple concrete pours for the first level of the St. Regis Residences in Brickell, according to Mickey C&C Concrete Pumping. The St. Regis Residences tower is planned to rise to a permanent height of 50 stories, or 630 feet above ground and 639 feet above sea level. It is being designed by by Robert A.M. Stern Architects, in a design that evokes…

American Landmark, Clearline Break Ground on 310-Unit Apartment Complex in Miami’s Wynwood Arts District

A partnership between Tampa- based American Landmark Apartments and New York-based Clearline Real Estate has broken ground on 2000 Wynwood, a 310-unit apartment complex located in Miami’s Wynwood Arts District. Leo A Daly designed the project, which will feature luxury studios, one- and two-bedroom apartments, as well as 12,000 square feet of ground-floor retail space.

Florida’s Retail Evolution Is Paying Off

When asked what makes Florida appealing from a retail perspective, Steven Miskew, CEO of Southeast Centers, put it succinctly: “The good macro-economic drivers are here: population growth, lack of supply and low vacancy, all in a pro-business environment,” he said.  As Miskew asserts, Florida’s population continues to swell as approximately 1,755 people move into the state daily…

‘Hamilton House’ Continues Construction at 640 N.E. 34th Street in Miami

Vertical construction is well underway for Hamilton House, a high-rise residential tower in Miami-Dade County. Upon completion, the 38-story tower will host 114 luxury apartments, with the average home spanning more than 2,500 square feet. In-unit amenities include nine to 10-foot-high ceilings and private terraces. In total, the venture will host just over 290,000 square feet…

CORE Sells Palmetto Plaza Retail Center in Miami Gardens for $46M

Core Palmetto, an affiliate of Core Investment Management, has sold Palmetto Plaza, a 186,095-square-foot retail center located in Miami Gardens, roughly 16 miles north of downtown Miami. The sales price was $46 million. Core originally acquired Palmetto Plaza in 2021 for $33 million.Aldi and Dollar Tree anchor the property, which was more than 95 percent leased at the time of sale.

Shoma Group Proposes ‘Ponce 8’ for 3850 SW 8th Street in Coral Gables

Developer Shoma Group has proposed a mixed-use development with affordable housing in Coral Gables. Ponce 8 would rise 16 stories, featuring both residences and commercial space. Regarding the residential aspect: current plans call for 201 apartments, 40 percent of which would be designated as affordable housing to gain incentives from the Live Local Act.

Miami Defends Last-Minute Changes to Proposed City Laws

The City of Miami’s practice of quietly modifying proposed legislation prior to a commission vote is permitted under law, officials insist, so long as the changes do not stray from what was “originally contemplated.” The City of Miami’s widespread but little-noticed practice of modifying local ordinances prior to a commission vote – without notifying the public – is rooted in a 2007…

Pardo to Host Workshop to Help Residents Work With City of Miami

Miami District 2 Commissioner Damian Pardo will host a free civic engagement workshop on Wednesday Aug. 20 aimed at helping residents partner more effectively with City of Miami officials in shaping public policy. The event will cover how to navigate city departments, understand ordinances and zoning, advocate constructively, and build…

Luxury Multifamily The Aurelian Set To Break Ground in Coral Gables Early 2026

Empira Group has acquired a property in Coral Gables, with plans to begin construction on a luxury multifamily development in early 2026. The new 12-story building will be known as The Aurelian, and include: 161 luxury residential units 5,000 square feet of public space and park with a child play area Parking garage with 248 spaces A bronze-cast sculpture designed by Michele…

‘Tasteful’ 17-Story Residential Building Planned On Collins Avenue

Plans gave been filed for a 17-story residential building in North Beach. The new development is proposed at 6985 Collins Avenue, and planned to include: 37 residential units 947 square feet of retail 86 parking spaces, with two floors of garage Kobi Karp is the architect. “The Project’s massing, materials, and form are responsive to the context of the neighborhood and compatible…

Developer could fill 207-acre lake in Miami-Dade for massive project

Prologis (NYSE: PLD) could build one of the largest new industrial projects in Miami-Dade County, but the development would require the landowner to fill a man-made lake. The City Council will consider the site plan by White Rock East Development LLC, managed by Christopher Vecellio in Palm Beach, on Aug. 19. It is also seeking a height waiver to build up to 95 feet…

Vertical Construction Now Underway on Aman Residences in Miami Beach

Vertical construction is now underway at 3425 Collins Avenue on Aman Residences, Miami Beach. Designed by Kengo Kuma and developed by OKO Group and Access Industries, the 18-story tower marks a significant milestone as the structure begins to rise above grade. Top-off is anticipated in early 2026, with delivery on schedule for 2027.

Trammell Crow scores $66M construction loan for 338-unit apartment complex in Margate 

Trammell Crow Residential scored a $66.4 million construction loan for a 338-unit apartment complex in Margate. The deal comes as financing for new South Florida residential projects continues to flow, despite elevated interest rates, slower lease-ups and other headwinds. Dallas-based Trammell Crow, the multifamily development arm of Crow Holdings…

The Breakers plans workforce housing in West Palm Beach

Eight-story, 155-unit apartment building will serve hotel’s temporary workers The Breakers is planning an eight-story, 155-unit apartment complex in West Palm Beach to house its workers. The iconic Palm Beach hotel has seen the writing on the wall about the lack of affordability in Palm Beach County, the Palm Beach Post reported.

Steve Ross-backed Wellington private school to open in 2028

Wingrove Academy will serve grades PreK-12, totaling 1,700 students A private school planned for Wellington’s K-Park and backed by billionaire Related Ross Chairman Steve Ross is set to open to students in 2028. Wingrove Academy will be operated by West Palm Beach-based ElevatED and will enroll PreK through eighth grade beginning in August 2028…

AvalonBay drops $98M for 270-unit apartment complex in Coconut Creek 

Bainbridge Companies, Rockwood Capital sell property for $364K per apartment AvalonBay Communities bought a 270-unit apartment complex in Coconut Creek for $98.3 million, marking an uptick in South Florida multifamily investment sales. Arlington, Virginia-based AvalonBay bought the property at 5401 Wiles Road from an entity tied to Wellington-based Bainbridge…

Favo buys 277-unit apartment tower in Hollywood for $190M

Purchase was all-stock and an assumption of liabilities Private credit firm Favo Capital bought a 277-unit apartment tower facing Young Circle in Hollywood for $190 million. The deal marks one of the priciest multifamily investment sales so far this year in South Florida. Lauderhill-based Favo bought the 22-story 1818 Park apartment building with ground-floor retail…

Ombelle Fort Lauderdale Will Introduce First Equinox Fitness Club in Broward County

Dependable Equities has announced that Equinox will open its first Fort Lauderdale location at Ombelle Fort Lauderdale, a mixed-use development planned for 300 NE 3rd Avenue in the Flagler Village neighborhood. The 35,000-square-foot facility will occupy the first two floors of the North Tower and feature the brand’s signature group fitness classes…

Emerald, Infinite Care purchase North Miami, Tamarac senior rehab centers for $29M

NuVision Management sold two facilities with 220 beds, combined Emerald Group and Infinite Care bought a pair of senior rehabilitation centers in South Florida for a combined $29 million. In the bigger deal, an entity led by Lakewood, New Jersey-based investor Yisroel Herzka and tied to Emerald and New York-based Infinite Care paid $18.9 million for the 120-bed Tamarac Rehabilitation and Health Center at 7901 Northwest 88th Avenue in Tamarac, according to records and real.

‘Marquesa Apartments’ Undergoes Construction at 5203 Coconut Creek Parkway in Margate

A Miami-based developer has officially broken ground on a multi-family housing community in Margate. Marquesa Apartments will comprise 220 apartments divided among four buildings. The one-bedroom to three-bedroom homes will feature stainless steel appliances, upscale finishings, and other features intended to “redefine modern apartment living.”

Trammell Crow scores $66M construction loan for 338-unit apartment complex in Margate 

Trammell Crow Residential scored a $66.4 million construction loan for a 338-unit apartment complex in Margate. The deal comes as financing for new South Florida residential projects continues to flow, despite elevated interest rates, slower lease-ups and other headwinds. Dallas-based Trammell Crow, the multifamily development arm of Crow Holdings, plans the apartment…

Boca Raton to vote on James and Marta Batmasian’s Mizner Plaza proposal

Real estate investors are seeking approval for mixed-use project with 242-key hotel Two years after the project was first floated, Boca Raton’s Planning and Zoning Board is slated to vote on James and Marta Batmasian’s proposed Mizner Plaza development. The Batmasians are seeking approval for a 12-story, 242-key hotel, 16,000 square feet of restaurant space, 18,840 sf…

Developers Propose Nora District’s First Condo at 1105 N. Dixie Highway in West Palm Beach

The developers of the Nora District in West Palm Beach have proposed the billion-dollar project’s first condo. NDT Development, Place Projects, and Wheelock StreetCapital, in partnership with Ronto Group, want to proceed with an 11-story building, calling for close to 345,000 square feet of new construction. According to Discover South Florida, homes would include…

The Breakers plans workforce housing in West Palm Beach

Eight-story, 155-unit apartment building will serve hotel’s temporary workers The Breakers is planning an eight-story, 155-unit apartment complex in West Palm Beach to house its workers. The iconic Palm Beach hotel has seen the writing on the wall about the lack of affordability in Palm Beach County, the Palm Beach Post reported. City officials are calling it the first…

Warren Buffett’s Berkshire Hathaway invests nearly $800M in Miami-based homebuilding giant Lennar 

Miami-based firm’s stock jumped nearly 2 percent on Friday after billionaire’s investment Warren Buffett’s Berkshire Hathaway made a major investment in Miami-based homebuilding giant Lennar, purchasing over 7 million shares for nearly $800 million in the first half of this year. Berkshire Hathaway bought 5.3 million shares of Lennar for $575 million in the second quarter…

Florida’s New Electronic Notices Addendum: What Landlords, Tenants, and Brokers Need to Know

By:  Alejandro E. Jordan, ESQ. On July 1, 2025, Florida took a major step forward in modernizing landlord and tenant communications. With the passage of House Bill 615, the Legislature created Florida Statute § 83.505, known as the Electronic Notices Addendum. This statute now allows landlords and tenants to exchange many legally required notices by email…

Video: Return to the Office and its Impact on Office Vacancy Rates as Back-to-Office Rate Hits 5-Year High

In recent times, one of the most significant changes, as accelerated by COVID, to the professional landscape has been the shift of the workforce from the office to the home. However, a recent report on CNBC Property Play suggests a reverse trend in motion, with companies increasingly cracking down on remote work and urging employees to return to the office.

Return-to-Office Update: Cities Closing the Post-Pandemic Gap

Visits to the offices nationwide continued their upward trajectory in July, Placer.ai reports, noting that two bellwether markets, New York City and Miami, have effectively returned to levels of visits last seen just before the pandemic. In July 2025, New York City’s office visits came in 1.3 percent above July 2019 levels, marking a first for that market, while Miami’s visits were just…

Florida Lightens Cost Burden On Tenants With Rent Tax Repeal

Companies leasing office, retail and industrial space in South Florida have endured some of the fastest-rising commercial rents in the nation, but starting in October, their real estate costs will actually go down. The state passed a law this summer that repeals its 2% annual tax on commercial rents, which takes effect Oct. 1. In Miami, where office rents have climbed more…

Adam Neumann’s Flow, Partners Take Over Chetrit’s 4M SF Miami Project

Adam Neumann is expanding his real estate company’s footprint in Miami by leading a partnership taking a majority stake in a megaproject along the Miami River from beleaguered New York development firm The Chetrit Group. Neumann’s Flow, in partnership with Israeli real estate firm Canada Global and billionaire Yakir Gabay’s Yellowstone Trust, is now lead developer of Chetrit’s…

Adam Neumann’s Flow, partners take majority stake in Chetrit’s Miami River megaproject

Chetrit will remain a minority partner in the planned 4M sf mixed-use development The Chetrit Group is bringing on a partnership led by billionaire Adam Neumann’s Flow, Canada Global and billionaire Yakir Gabay’s Yellowstone Trust as the majority owners of the planned Miami River District megaproject. New York-based Chetrit will remain a “significant” minority partner…

Empira plans 161-unit luxury multifamily project in Coral Gables, pays $18M for dev site

Swiss firm also is developing a 26-story apartment tower that is under construction in Brickell Empira Group bought a development site in Coral Gables for $18 million, with plans for a 161-unit luxury multifamily project. The deal marks the Swiss firm’s continued investment and growing pipeline of projects in Miami-Dade County since making its market debut three years ago.

Judge sides with hotel owner in Kimpton Miami Beach squabble

Sean and Nicole Mirmelli were unsuccessful in terminating ground lease for portion of land underneath Art Deco building Siblings Sean and Nicole Mirmelli suffered a significant setback in their legal battle to kill a 99-year ground lease tied to one of two parcels underneath the Kimpton Surfcomber Hotel in Miami Beach. Last week, Miami-Dade Circuit Court Judge Thomas Rebull…

AIDS Health Foundation drops $24M for Miami Gardens hotel in all-cash deal

Los Angeles-based nonprofit picked up aging 217-room building at 21485 Northwest 27th Avenue near Hard Rock Stadium. In an all-cash deal, a Los Angeles-based organization that provides affordable housing to individuals diagnosed with HIV and AIDS bought an aging Miami Gardens hotel for $24 million. AIDS Healthcare Foundation…

$24M Sale of Stadium Hotel in Miami Gardens Brokered

Situated across from the Hard Rock Stadium, home arena of the Miami Dolphins and Miami Hurricanes, the nine-story property was originally built in 1973 and renovated in 2017. Amenities at the hotel include an Olympic-size swimming pool, miniature golf course, basketball court and meeting and event spaces. The Legends Sports Grill restaurant is also located…

Shawmut Design and Construction and Clearline Real Estate Break Ground on 2000 Wynwood Mixed-Use Development In Miami

Shawmut Design and Construction and Clearline Real Estate have officially broken ground on 2000 Wynwood, a 12-story, 380,000-square-foot mixed-use development at 2000 North Miami Avenue in Miami’s Wynwood neighborhood. The project will yield 310 residential units, 12,500 square feet of ground-floor retail, 308 parking spaces, and 141 bike racks along a walkable…

Jenny Bernell’s Clearline scores $89M construction loan for 310-unit Wynwood apartment project 

Bank OZK is the senior lender, PGIM Real Estate provided the mezzanine portion Jenny Bernell’s Clearline Real Estate scored an $89 million construction loan for a 310-unit apartment project in Wynwood. Clearline will start construction of the 12-story 2000 Wynwood on a 1.4-acre site at 2000 and 2010 North Miami Avenue and 2021 and 2025 Northwest Miami Court in Miami…

Groundbreaking Ceremony Held For 2000 Wynwood, Will Have 310 Units

A groundbreaking ceremony for 2000 Wynwood was held this past Friday, according to construction manager Shawmut. The 12-story building is now officially underway. The development site is across from the Kush property. The new 2000 Wynwood building will include 310 residential units, 12,500 square feet of ground-floor retail, 308 parking spaces, and 141 bike racks.

The Weekly Dirt: Is the $4B American Dream Miami too big to fail?

Ghermezians’ Triple Five now has until 2045 to complete the massive development The Ghermezian family is still chasing the American Dream in Miami. To the average person, it seems like the planned $4 billion, 6 million-square-foot entertainment and retail center in South Florida might never get built. It’s been seven years since Miami-Dade County commissioners approved…

Masoud and Stephanie Shojaee’s Shoma proposes 201-unit Live Local Act project in Coral Gables

16-story Ponce 8 building is city’s first known planned development under the state’s affordable and workforce housing law Shoma Group proposes a 201-unit Live Local Act apartment project in Coral Gables, marking the first known development in the city under the state’s affordable and workforce housing law. Coral Gables-based Shoma wants to build the 16-story Ponce 8…

Live Local Ponce 8 Planned In Coral Gables, With Mediterranean Bonus

Developer Shoma Group has announced for a Live Local project in Coral Gables called Ponce 8. The mixed-use development is proposed to rise 16 stories, which is the maximum height permitted in the area, near the historic Douglas Entrance. The developer did not say how many residential units would be included. It would include over 18,000 square feet of non-residential space…

Stephanie Shojaee Clears Up a “Misconception” About Her Business with Husband Masoud

Stephanie Shojaee has set the record straight about her family business. In Season 7, Episode 4 of The Real Housewives of Miami, Stephanie was introduced as a highly successful player in the South Florida real estate game. Stephanie confirmed her high-ranking position within the Shoma Group, a real estate development company led by her husband, Masoud Shojaee.

Paul Cejas plans Lincoln Road apartment project

15-story multifamily development will have 210 units, plus retail Paul Cejas, the chairman of PLC Investments and ambassador to Belgium under Bill Clinton, is planning an apartment project on Lincoln Road. Cejas’ proposal for the site 1600 Washington Avenue and 1601 Drexel Avenue in Miami Beach will be considered by the city’s Planning Board at its Sept. 9 meeting…

Acre scores $72M refi for Miami waterfront multifamily project

Nuveen provided the loan for 236-unit Adela at MiMo Bay Acre landed a $72 million refinancing for a 236-unit multifamily project on Miami’s waterfront. Nuveen Real Estate, part of TIAA, provided the three-year, floating-rate loan for Adela at MiMo Bay, a five-story apartment building facing Biscayne Bay at 6445 Northeast Seventh Avenue in Miami’s MiMo Biscayne…

Florida Value Partners acquires office portfolio near South Miami

Florida Value Partners is now a major landlord in the Kendall office submarket after picking up a three-property portfolio near South Miami for $34.3 million… led by Gus Alfonso, Ed Farah and Alicio Piña, acquired Commons on Sunset at 9350-9360 Southwest 72nd Street, The Forum of Sunset at 9415-9425 Southwest 72nd Street and Sunset Square at 9485-9495 Sunset Drive…

Rok family’s mortgage firm seeks foreclosure sale of Aventura dev site

Entity managed by developer Marlon Gomez allegedly filed frivolous bankruptcy petitions to delay auction Gomez Development principal Marlon Gomez and Rok Lending CEO Bryan Morjain with a rendering of the p… The lending arm of the Rok family is accusing Miami-based developer Marlon Gomez of delaying the court sale of an Aventura site by allegedly filing frivolous bankruptcy…

Medley industrial portfolio sold for $23M

Miami-based WREV, led by Tyler Workman, acquired three warehouses spanning 90K sf… sold a Miami-Dade County industrial portfolio for $22.7 million. An affiliate of Miami-based WREV, led by Tyler Workman, bought three warehouses totaling 90,000 square feet at 6405 Northwest 82nd Avenue, 7500 Northwest 82nd Street, and 7361 Northwest 78th Street, records show.

“The world turned”: Why developers are selling South Florida multifamily sites 

“If it’s not publicly for sale, it’s still for sale. Everyone is a net seller right now” A developer planned to complete a 141-unit apartment building in Miami’s Wynwood Norte neighborhood last year. The project was first revealed in the fall of 2022. Yet, instead of starting construction, Evolve Companies listed the six-lot assemblage for sale this spring, asking $14 million.

Lennar, partners revive plan for 7K-plus homes, 1.4M sf of commercial space outside Miami-Dade’s UDB

Developers last proposed the 960-acre expansion of the Urban Development Boundary in 2022 Lennar and its partners dusted off a three-year-old proposal for a megaproject on a 960-acre land tract outside of Miami-Dade County’s Urban Development Boundary. Miami-based homebuilding giant Lennar and South Florida’s Easton real estate family want to develop City Park…

Vlad Doronin’s OKO and Tao nix their hospitality JV that planned 830 Brickell venue 

OKO Group still will open a restaurant and lounge at the Miami office tower, a source said Tao Group Hospitality and Vlad Doronin’s OKO Group have dissolved their hospitality joint venture that planned a restaurant and private club at the 830 Brickell office tower in Miami, The Real Deal has learned. In December, Miami-based OKO announced its Miami Members Hospitality…

MG3 sells Miami-Dade charter school buildings for $91M

Properties in Kendall and Doral were part of $172M portfolio sale to BridgePrep MG3 Group sold a pair of charter school buildings in Miami-Dade County for a combined $91.2 million. The two properties in Doral and Kendall represented the majority of buyer BridgePrep Academy’s $172.4 million purchase of a Florida charter school portfolio from Aventura-based MG3.

100 Years Old: Miami’s First Skyscraper Reopening After Restoration

Miami’s first ever skyscraper will soon reopen, after years of restoration work valued at $65m, according to the AP. The Miami News Tower (now known as the Freedom Tower) opened in 1925, and is exactly 100 years old, according to Miami Dade college, which owns the building. It was built by businessman and former Ohio governor James Middleton Cox…

Summit Brickell Developer Signs Covenant

A Covenant in Lieu of Unity of Title has been recorded for the Summit Brickell property. A 65-story tower is planned on the site, and is currently in construction permitting. The covenant was recorded in county records on July 9. The covenant states that the owner may develop the property in a condominium format and/or in two or more phases.

Map: Potential Transit Station Neighborhood Development Areas

A City of Miami map shows transit stations, with circles representing a half mile and one mile radius. Miami commissioners recently approved a new designation known Transit Station Neighborhood District. It allows for increased zoning up to a mile from transit stations. The new zoning rule is an alternative to Miami-Dade’s Rapid Transit Zones, and the city hopes to regain…

Empira Acquires Coral Gables Site for 12-Story Residential Development Designed by Behar Font

Empira Group has acquired 912-921 East Ponce de Leon Boulevard in Coral Gables for $18 million, with plans to develop The Aurelian, a 12-story Class-A multifamily building. Designed by Behar Font, a renowned local architect, the project is expected to break ground in early 2026. The site spans two corners of a residential block in the heart of Coral Gables.

ULTRA Padel to Launch Nation’s Largest Padel Club at $2 Billion Midtown Park Development in Miami

Rosso Development and Midtown Development, in partnership with ULTRA Padel, have unveiled plans for ULTRA Club Midtown, a 2-acre pop-up padel destination set to rise within the transformative Midtown Park development in Midtown Miami. The temporary facility will introduce the largest padel club in the United States, offering a preview of the permanent…

‘Largest Padel Club in the U.S.’ Coming To Midtown Miami

Plans have been announced for ULTRA Club Midtown, which is being billed as the largest padel club in the United States. The pop-up padel destination will be located at the future site of Midtown Park, the $2 billion mixed-use development spanning nearly five acres in Midtown Miami. ULTRA Club Midtown will include 11 padel courts and 3 children’s courts, along with a food…

54-Story Flow Brickell Opening Soon, Refinancing Completed

Developers have reached an equity and refinancing deal on a Brickell property that includes an under-construction 54-story tower. Canada Global said in a filing with the Tel Aviv Stock Exchange that it is part of a partnership that took a 60% stake in the development site for $106m, which includes the nearly completed tower. There are also adjacent parcels with rights for ~1,300…

$240M Luxury Edgewater Apartment Tower Near Level 12 Of Construction

Edgewater’s luxury Hamilton House apartment tower is now about a third of the way up. Work on the new building began about a year ago, with a construction crane installed in March and vertical construction beginning in April. Now, around 12 floors have been completed of the building’s shell, a social media post by construction management firm Grycon shows.

Permitting Advances For 42-Story Edgewater Tower

The master construction permit to build a 42-story apartment tower in Edgewater has moved to the next cycle of review. The 444-foot tower is under planning by developer LCOR at 1775 Biscayne Boulevard. Review of plans for the permit began in December 2023, following a September 2023 UDRB submittal. Building Department records show a plan activation on August 5…

Two renovated Flagler Street blocks open, the rest may take years

Years into a $33 million makeover, East Flagler Street’s first two renovated sections have reopened to vehicles. The rest of the Flagler makeover may take several years more. Launched in 2021, the Flagler Street Beautification Project is transforming the stretch from Biscayne Boulevard to Northwest First Avenue into a walkable, festival-style corridor featuring curbless streets…

Miami Dade College’s role pivotal in Olympia Theater sale

The planned sale of the historic Olympia Theater in downtown to a charter school is contingent on Miami Dade College’s (MDC) role in the institution being ironed out before the deal comes back for final approval in September, City Manager Art Noriega told commissioners last month. “That’s a condition precedent to executing the agreement,” Mr. Noriega said during the commission’s…

Downtown Miami Signature Bridge project delayed two more years as costs climb

New ribbons of concrete and steel continue to worm through Miami as the grandiose Signature Bridge rises as part of the I-395/SR 836/I-95 Design-Build Project, work that is now projected to continue for at least four years and end in late 2029. Until now, the projected completion was in 2027. The Florida Department of Transportation (FDOT) says steady progress…

Ram Realty Proposes Residential Aspect of Larger Mixed-Use Venture for 11320 Biscayne Boulevard in Miami

Palm Beach Gardens-based Ram Realty has filed a pre-application for a residential development in Miami-Dade County. The project would measure eight stories above grade and occupy a 7.08-acre site that was once home to a mobile home park and two other commercial ventures. Both are in the process of being demolished. The mid-rise building is slated to feature…

Buyer Increases Deposit on $520M ‘Largest Land Acquisition In Miami’s History’

The buyer in contract to purchase a Brickell property has increased its non-refundable deposit. The $520m deal has previously been called the largest land acquisition in Miami’s history. Aimco, which is the seller, told investors last week that the buyer exercised its final closing extension option and increased its deposit by $7 million, bringing the total non-refundable deposit…

Swire Buys Out Stake In Brickell Development Site of The Residences at Mandarin Oriental

Developer Swire Properties said it has bought out an investment stake in the Brickell property where The Residences at Mandarin Oriental, Miami is planned. The company paid $37 million for a 25% stake in the joint venture company that owns the Mandarin Oriental hotel property, according to a report released to investors last week. Swire now owns 100% of the company.

Trump Administration Defunds $60M For The Underdeck in Downtown Miami

The Trump Administration is defunding a $60 million federal grant for The Underdeck, according to former Miami commissioner Ken Russell. The grant had been announced in March 2024 by the U.S. Department of Transportation, and was said to be the the largest in the City of Miami’s history. It was awarded under the DOT’s Neighborhood Access and Equity program initiative…

Bridge Signs Second Tenant At Bridge Point Doral As Phase I Nears Completion

Bridge Industrial (“Bridge”), a privately owned, vertically integrated real estate operating company and investment manager, today announced it has signed a 32,478-square-foot, long-term lease with Barberi International at Bridge Point Doral—the company’s newest state-of-the-art, master-planned logistics park in Doral. Currently under construction, the transformative…

UDRB Approves 22-Story Live Local Act Tower From Midtown Capital Partners In Little River

Miami’s Urban Development Review Board has approved a 22-story residential tower in Little River from an affiliate of Midtown Capital Partners, designed by Corwil Architects. The site is located at 7501 and 7553 NE 2nd Avenue, bounded by NE 76th Street to the north, NE 75th Street to the south, NE 2nd Avenue to the west, and NE 2 Court to the east.

FAA Filing Details Tower Crane Plans for One Twenty Brickell Residences in Miami

A recent filing with the Federal Aviation Administration reveals plans for tower crane installations at the One Twenty Brickell Residences construction site. The cranes will be located at 120 SW 8th Street in Miami’s Brickell neighborhood, a short walk from Brickell City Centre. Developed by Property Markets Group, the project will comprise two towers with a combined 803…

652-Foot Construction Crane Planned In Brickell for One Twenty Brickell Residences Construction

A developer is planning to install tower cranes at the One Twenty Brickell Residences construction site, according to a new FAA filing. The cranes will be installed at 120 SW 8th Street, a short distance from Brickell City Centre. One Twenty Brickell Residences will have two buildings, with a combined 803 units. One tower will have 266 condos, and another will have 537…

Miami Industrial Vacancies Tick up as Tenants Find Value in Lower Quality Properties

In a mixed second-quarter report from Avison Young on Miami’s industrial sector, vacancy is starting to tick up, reaching six percent in the three-month period. That marks a 40 basis point increase from the 12 months prior. Class A vacancy was the highest at 13 percent. Meanwhile, Class B and C’s came in much lower, averaging just 4.3 percent and 3.5 percent, respectively.

‘Ambar Station’ Anticipated for 2026 Completion at 27860 South Dixie Highway in Homestead

Construction has officially started on Ambar Station, a multi-family housing development Florida YIMBY first reported on in October 2023. The affordable housing venture will feature four buildings: two measuring eight stories (86 to 88 feet high) and the other two measuring three stories (36 feet tall). The community will offer a total of 576 units. The venture will offer an array…

City and State Approvals Secured for $12 Million Lincoln Road and Beachwalk Revitalization in South Beach

Sobe Sky Development, owner of The Ritz-Carlton, South Beach, The Ritz-Carlton Residences, South Beach, and The Sagamore Hotel, has received unanimous approval from the Miami Beach City Commission for a $12 million plan to redevelop the 100 block of Lincoln Road and enhance the adjacent Beachwalk entrance. The agreement, supported by Commissioner Alex Fernandez…

South Florida Retail Stays Immune to Economic Uncertainty Thanks to Population Boom

Economic uncertainty has caused unease at times for retail this year — but South Florida continues to show resiliency, as the area enjoys a population boom from the pandemic. Recent reports from Colliers found that the second quarter vacancy rates in Miami-Dade County and Broward County were only 3.2 percent and 4.1 percent, respectively. For context, the brokerage’s national average…

‘Havana Enclave’ Close to Groundbreaking at 315 NW 27th Avenue in Miami

The installation of a construction crane at the future site of Havana Enclave signals that the project is close to breaking ground. The attainable housing development, led by Astor Cos., is set to measure eight stories above grade and feature 179 apartments. Floorplans include studio, one-bedroom, and two-bedroom units, and residents will have access to a fitness center…

41-Story Edgewater Tower Is Now Just Weeks Away From Topping Off

Edgewater’s under-construction 2600 Biscayne tower is rapidly approaching top off. Contractor Coastal Construction said the the shell of the tower had passed level 35 as of last week, with top off at 41 stories expected in early September. Glass installation is tracking close behind as the tower rises. Top off is planned at 521 feet above ground, or 529 feet above sea level.

Shoma lands $30M predevelopment loan for North Bay Village project

Shojaees’ firm has until Halloween to secure a master building permit for the condo tower Shoma’s Masoud and Stephanie Shojaee with a rendering of the North Bay Village project (Getty, Sho… Masoud and Stephanie Shojaee’s Shoma Group secured nearly $30 million in financing for its planned North Bay Village condo project. Coral Gables-based Shoma obtained…

Giant Water Slides Planned At Fontainebleau Miami Beach

Giant new water slides will be installed at the Fontainebleau Miami Beach, according to a new rendering released by the owner of the resort. The slides will be installed as part of a redevelopment of the resort’s pool deck, set to begin construction in early 2026. The pool deck renovation will be one of the most ambitious investments to date for the Fontainebleau, its owner said…

CORE Sells Palmetto Plaza in Miami

CORE PALMETTO, an affiliate of Core Investment Management (CORE), a Miami-based private investor specializing in retail properties across Florida’s primary markets, is pleased to announce the successful sale of Palmetto Plaza, a 186,095-square-foot retail center in Miami Gardens, Florida. Douglas K. Mandel, Executive Managing Director Investments…

Miami ranks No. 1 for super-rich second homeowners

New York boasts most ultra-wealthy homeowners overall For ultra-high-net-worth buyers, one city tops them all when it comes to buying a second home: Miami. The Magic City is the No. 1 spot — on the planet — for the super-rich to purchase second homes, according to a report from Altrata, a data provider for the wealth industry. More than 13,200 ultra-high-net-worth people…

Lease roundup: Ideal Nutrition opens in Fort Lauderdale, Bridge Industrial scores tenant in Doral

Ideal Nutrition opened a store in downtown Fort Lauderdale, as part of its statewide expansion. The healthy meal delivery service leased 1,300 square feet on the ground floor of Coasterra Apartments at 150 Southeast Third Avenue, according to a news release from the tenant’s broker. Scott Weprin of Colliers represented Ideal Nutrition, and Jonathan Rosen of JLL represented…

Starlife Group seeks EB-5 investors for Hollywood project

Foreign capital could raise up to $20M for the 14-story, 200-unit luxury rental building Starlife Group launched an EB-5 investor program that will help fund construction of a planned luxury Hollywood rental development. Aventura-based Starlife, led by CEO Gevorg Shahbazyan, is seeking EB-5 investors for 21 Hollywood, a 14-story, 200-unit building that will include…

144-Room Holiday Inn Undergoes Construction at 2114 S Federal Highway in Fort Lauderdale

Construction has officially commenced on a Holiday Inn that’s been in the works for close to a decade. Proposed in 2016, original plans called for 142 rooms in eight stories, comprising 135,000 square feet of new construction and costing $25 million. Now, according to a recent report from the South Florida Business Journal, the venture, still measuring eight stories…

Developer of ‘Urbania Flagler 1st’ Secures Construction Loan for Project at 626 N.E. First Avenue in Fort Lauderdale

The developer of Urbania Flagler 1st has recently secured a multi-million-dollar construction loan to help make the project possible. Goldman Sachs Bank USA provided a $27.71 million construction loan to 626 Flagler LLC; the latter firm is a partnership between Continua Developments and SP Developments. Construction started on the 11-story venture earlier this year…

Developers Sell Boca Raton Marina, Land $37M For Condos: The South Florida Deal Sheet

JSB Capital Group and Johnston Group Capital Management landed a $37M loan to finish converting a Boca Raton waterfront apartment complex into luxury condos. The partners also sold off the marina attached to the property. Miami-based JSB Capital and Palm Beach-based Johnston Group Capital Management landed the loan from Bank Hapoalim to finish the remaining condo interiors…

Havenpark, PGIM Real Estate pay $28M mobile home park near Greenacres

Tavares Cove I and II have a combined 377 home lots on 54 acres A manufactured homes firm and PGIM Real Estate bought a mobile home community with 377 homesites near Greenacres for $28.1 million. Orem, Utah-based Havenpark Communities and Newark, New Jersey-based PGIM bought the Tavares Cove Mobile Home Park at 2315 Espana Real in unincorporated Palm Beach…

Wellington OK’s zoning changes for Mark Bellissimo’s planned Marketplace 

Proposal includes 80-key hotel, 89 condos, with retail and offices adjacent to resi development Developer Mark Bellissimo won zoning changes needed for the next phase of his plan to reimagine the epicenter of American equestrian sports. Wellington’s Village Council voted unanimously Tuesday to approve the changes for his project, called the Marketplace at the Wellington…

Construction Starts on First Phase of ‘Villa L’Onz’ at 120 West 11th Street in Riviera Beach

Construction has officially started on the first phase of Villa L’Onz, a townhome development in Riviera Beach that’s intended to “elevate the Avenue E corridor with modern, walkable housing.” City records indicate that the venture will comprise multiple buildings. Plans call for four, three-story townhomes measuring 2,227 square feet. Additionally, there will be eight…

Rent Cuts Continue Across Most Florida Apartment Markets Amid Sustained Supply

Annual rent cuts were around 4% to 5% in Crestview and North Port. Two large Florida markets – Jacksonville and Orlando – saw prices come down by around 2.5% in the year-ending 2nd quarter. Cuts were more modest at less than 2% in Lakeland, Deltona, West Palm Beach, Fort Lauderdale, Palm Bay and Pensacola. While some Florida markets did see a bit of rent growth in the past year…

Video: Northlake Capital Partners CEO Anthony Coniglio Discusses Real Estate & the Cannabis Industry in 2025

In a recent episode of the America’s Commercial Real Estate Show, the host interviewed Anthony Coniglio, CEO of Newlake Capital Partners, a company specializing in the niche market of cannabis real estate. The interview delved into the state of the commercial real estate industry, the impact of tariffs and fluctuating interest rates, and the overall real estate forecast.

Coworking growth nationally slows, but companies still value flex space, reports show

After years of significant expansion, total coworking location count has dipped to a more measured approach, according to research by Coworking Cafe. The slowdown — the first since the pandemic — is the result of operators prioritizing amenity-rich hubs, the company said in a report released Aug. 6. National flex office presence in the U.S. rose 0.3% in the first quarter, after a 3% jump…

Q2 2025 Self Storage REIT Earnings: Green Shoots, Growing Stronger

Last quarter, we highlighted that the commentary out of the major self storage REITs was that pricing power had found stable ground. So what did the REITs say this quarter? Well, more of the same, pricing has indeed bottomed, and they are seeing web rates going positive for the first time in several years. While the road to recovery remains gradual, positive new customer rate…

Quantum computing could be commercial real estate’s next big tailwind

Just as artificial intelligence turned the data center sector into a gold mine, quantum computing is already ramping up to its own real estate revolution. Quantum computing uses quantum mechanics to solve problems beyond the ability of the most powerful classical computers. Until now, these super computers have mostly lived at academic or government facilities, because they have…

CNBC Property Play Video: Building sustainable affordable housing at scale

A Deep Dive into the Affordable Housing Crisis and the Path Forward The affordable housing crisis, a growing concern across the United States, has been a topic of intense debate and discussion among real estate professionals, policymakers, and the general public. The issue is complex, characterized by skyrocketing construction costs, stringent building department requirements…

Companies are monitoring and enforcing office attendance at the highest rate in 5 years

In the past year, U.S. companies made more progress in getting employees back to the office than at any time since 2020, when the pandemic fundamentally changed the traditional work paradigm. This is according to a forthcoming report from CBRE, due out next week. While some employers have gone fully remote and some offer hybrid work opportunities…

Spanish developer scores final approval for 4K-unit Live Local Act project — South Florida’s biggest

Pablo Castro and partner Laura Tauber plan seven 35-story towers in West Little River A Spanish developer scored final approval for a 4,032-unit Live Local Act project in West Little River. The complex marks the biggest South Florida development under the state’s affordable and workforce housing law, as well as one of the biggest planned projects in the tri-county region overall.

Miami-Dade County Approves $880M Mixed-Use Development ‘TheHueHub’ in Miami’s West Little River District

Miami-Dade County has approved the development of The HueHub, an $880 million mixed-use development in Miami’s West Little River district. Spanish-based developer Pablo Castro is teaming up with locally based Laura Tauber to lead the development. Situated on 12 acres at 8395 N.W. 27th Ave., The HueHub is slated to add more than 4,000 “attainably priced” apartments…

The HueHub Receives Final Approval, Paving Way for Miami-Dade’s Largest Live Local Act Project

The HueHub has officially received final approval from Miami-Dade County, clearing the way for the largest development to date under Florida’s Live Local Act. Planned for a 12-acre site at 8395 NW 27th Avenue in the West Little River neighborhood, the $880 million project will bring 4,032 residential units across seven 35-story towers.

TheHueHub, $880M ‘City Within A City,’ Scheduled To Break Ground Late 2025

New details have been revealed for The HueHub, planned in Miami’s West Little River neighborhood. The project is being developed by a team that includes Spanish developer Pablo Castro and Miami’s Laura Tauber. The $880m development will include seven “striking” 35-story towers, with a combined 4,032 residential units. There will be nearly 200,000 square feet…

UDRB Approves 22-Story 348-Unit Building In Little River

Miami’s Urban Development Review Board has voted to recommend approval of a 22-story building planned in Little River. The board vote was 4-0, and included three conditions: Add enhanced exterior architectural lighting to the Building to elevate the pedestrian experience. Add articulation to the south elevation of the Parking Garage, particularly on the ground floor…

Fannie Mae seeks $4M foreclosure against North Miami apartment building owner

Lender alleges Salem House Holding and Alexander Padilla stopped making mortgage payments in March Fannie Mae filed a foreclosure complaint against the owner of a North Miami apartment building. On July 25, Fannie Mae, led by CEO Priscilla Almodovar, sued Salem House Holding and its manager, Alexander Padilla, for alleging defaulting on a $3.9 million mortgage…

3D Visualization Shows 144 Major Upcoming Projects In Miami’s Skyline

Miami’s skyline is set to be transformed in the coming years, and a Miami-based researcher has created a 3D visualization tool allowing you to get a peek into the future. A total of 144 major projects have been meticulously visualized in 3D, sourced using official developer-released architectural plans. That gives the tool a high level of accuracy that isn’t available anywhere else.

Dubai hospitality firm buys Brickell City Centre dev site for $45M

Kerzner International bought property that was proposed for 350 condos, 180 hotel keys Dubai-based hospitality firm Kerzner International bought a Brickell City Centre development site for $45 million. The deal marks Swire Properties’ continued divestment of Brickell City Centre, nearly a decade after completing the mixed-use complex.

New Zoning Boost Approved For Transit Oriented Development In Miami

City of Miami commissioners voted last week to approve new zoning rules for properties near transit stations, according to Coconut Grove Spotlight. It was the second and final reading The changes are being billed as the city’s alternative to Miami-Dade’s Rapid Transit Zoning plan. In recent years, many developers have proposed under the county zoning plan…

Miami Approves Zoning Overhaul – With Hidden Changes

A sweeping overhaul of Miami’s zoning laws approved by commissioners on Thursday – which supersizes development on properties surrounding transit hubs – included a package of pro-development amendments not publicly disclosed prior to the crucial commission vote. Over time, the changes could permit significantly greater building height and housing density across…

Overview of Miami’s New Transit Station Neighborhood Development (TSND) Rules

The City of Miami has adopted a new zoning framework known as the Transit Station Neighborhood Development (TSND) program. This law amends the Miami 21 Code, creating opportunities for higher-density, mixed-use development near transit stations while requiring significant public benefits, affordable housing, and urban design enhancements.

South Florida developer, real estate attorney Isaac Kodsi dies at 59

South Florida developer and longtime real estate attorney, Isaac Kodsi, died last weekend at the age of 59. Isaac founded and led Ark Capital Group, a Pembroke Pines-based real estate investment firm that specializes in debt and equity for projects that are under $50 million. “We are deeply saddened by the unexpected passing of Isaac Kodsi,” according to a statement from a family spokesperson.

Ritz-Carlton developers moving forward with Lincoln Road streetscape plan

$12M revamp of 100 Lincoln Road includes $4M contribution from developers The developers of Ritz-Carlton Residences, South Beach are moving forward with plans to revamp a portion of Lincoln Road. Miami Beach commissioners approved a resolution last month for the streetscape improvement agreement covering the 100-300 blocks of Lincoln Road.

East Capital JV sells Hialeah warehouse, Homestead acreage for $53M

Martinez Distributors bought a recently completed industrial facility and land outside of Miami-Dade’s urban development boundary East Capital Partners and Vlietco Enterprises sold a recently completed Hialeah warehouse and 15 undeveloped acres near Homestead for $52.8 million. An affiliate of Martinez Distributors, a family run Hialeah-based food processing and distribution…

DRA jumps into Miami’s Allapattah with $74M multifamily acquisition

New York-based firm acquired 263-unit Modera Skylar complex DRA Advisors is dipping into Miami’s Allapattah multifamily market, acquiring a 263-unit apartment complex for $73.5 million. An affiliate of New York-based DRA, led by David Luski, bought Modera Skylar at 1444 Northwest 14th Avenue, records and real estate database Vizzda show.

Olympus Property expands South Florida multifamily portfolio with $46M purchase

Fort Worth, Texas-based firm acquired 132-unit project in Miami’s Allapattah Olympus Property boosted its South Florida multifamily portfolio after acquiring a recently completed Miami project for $45.9 million. An affiliate of Fort Worth, Texas-based Olympus, led by founder Chandler Wonderly, bought The Fifteen Miami, an Allapattah nine-story complex …

Inside the Ghermezians’ fight to keep $4B American Dream alive in Miami

Lawsuits threaten retail developer’s ambitious plans for a sprawling entertainment and shopping complex It takes serious imagination to envision dropping a 16-story indoor ski slope near swampland in South Florida. That’s why the Ghermezian family, owners of the three largest shopping centers in North America, may be the only developers willing and able to pull it off.

Alex Sapir, partners re-list Miami Opportunity Zone site

Edgewater assemblage could be developed into 741 resi units with 1.5M sf Alex Sapir’s firm and its partners are re-listing their 1.5-acre assemblage in Miami’s Edgewater neighborhood. Real Estate Alert reported the property’s estimated value is $41 million. Alex Sapir said the asking price is closer to $50 million. An affiliate of Israel-based Sapir Corp., which owns roughly…

South Florida by the numbers: Infrastructure and civic projects reshaping Miami

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. Miami’s current public infrastructure and civic amenity projects don’t just serve residents, they also signal long-term confidence in the market while knitting together public space, mobility and destination potential.

Landowners propose 65-acre expansion of Miami-Dade’s UDB for 1,200-unit resi project

Moving the border that restricts suburban sprawl has historically been controversial A group of landowners want to expand Miami-Dade County’s Urban Development Boundary by 64.8 acres for a mixed-use project with over 1,000 residential units. The Urban Development Boundary, or UDB, aims to restrict suburban sprawl east onto Biscayne National Park and west…

Longpoint’s South Florida spending spree continues with $82M Doral industrial portfolio buy

Boston-based firm picked up six… The Boston-based firm, led by Dwight Angelini, bought America’s Gateway Park, a collection of six industrial buildings spanning 302K square feet at 8901 Northwest 20th Street, 2011 Northwest 89th Place, 8940 Northwest 24th Terrace, 8933 Northwest 23rd Street, 1400 Northwest 89th Avenue and 1401 Northwest 89th Court, a press…

Homestead approves 80-year lease for $275M sports-themed mixed-use project

A consortium that includes retired Latin American sports stars landed an 80-year ground lease to develop a $275 million sports-themed mixed-use project in Homestead. Last week, the Homestead City Council approved the agreement with Ponte Vedra Beach-based VSGS Facilities, which is planning Sports Performance Hub of Miami-Dade, a complex consisting of a 10,000-seat…

Retail vacancies creep up across South Florida

Average asking rent rate dropped in Miami-Dade and Palm Beach counties Edens’ Jodie McLean with Weston Road Shopping Center 4410-4484 Weston Rd; Simon Property Group’s… Across South Florida, retail landlords experienced more tenants moving out of spaces than tenants moving in during the second quarter, according to a recent Colliers report.

Brickell’s Baccarat Residences Reaches Level 25

Brickell’s Baccarat Residences tower has now reached level 25 of construction, photos by Ryan RC Rea show. The building is planned to top off at 75 stories. It is approved to rise to a height of 848 feet above ground. A foundation pour for the tower took place last August Baccarat will include 324 tower residences, 8 penthouses and 28 riverfront flats and duplexes.

Tri-Rail Sets New Annual Ridership Record

Tri-Rail saw more riders than ever over the past year. A total of 4,578,680 rides were logged on the commuter rail service during the most recent fiscal year, from July 2024 through June 2025. That beats the previous record of Fiscal Year 2019, when there were 4,465,750 rides logged. “We are exceptionally proud of this ridership milestone,” said David Dech, SFRTA Executive Director.

Fiscally threatened Tri-Rail sets passenger record

As it fights for its financial life, Tri-Rail this week released figures detailing an all-time fiscal year ridership record that surpassed its pre-pandemic highs as it races full throttle to find adequate long-haul funding. The three-county commuter railway “is actively collaborating with the Florida Legislature, Florida Department of Transportation, and leadership from Miami-Dade…

South Dade Transit-Way, Nation’s Longest Battery Electric Bus Rapid Transit System, Opening September

An opening date for the South Dade Transit-Way has been announced. The $368 million system will launch in September, according to Miami Dade commissioner Danielle Cohen Higgins. When it opens, it will become the nation’s longest battery-electric BRT system, spanning 20 miles. It will take approximately 39 minutes to ride from Homestead to Dadeland South…

First Crane Installed At Little Havana Rental Project ‘Havana Enclave’

A crane has been installed at the Havana Enclave Apartments site, according to a social media post by BDI Construction. Havana Enclave will include 179 attainable rental apartment, according to developer Astor Cos. The building will rise 8 stories and will also include 1,866 square feet of retail. Prices for studios are expected to start around $2,000, with 1-bedrooms starting around $2300.

AIDS Healthcare Foundation buys 217-room Stadium Hotel in Miami Gardens

A Miami Gardens hotel that has capitalized on its nearness to Hard Rock Stadium has been sold by its Davie owners to a global nonprofit AIDS foundation for $24 million. The 217-room Stadium Hotel Miami was sold for about $110,644 per room during a softening in the county’s visitor industry but less than a year before seven World Cup soccer matches are to be played…

54-storytower to rise across street from nature preserve Simpson Park

Seven Broadway, a new 54-story residential tower, is coming to a property across the street from the City of Miami’s Simpson Park. The new building is to be home to 113 dwellings, parking for up to 193 vehicles, 113 bicycle spaces, and related amenities, totaling more than 400,000 square feet of floor area. Owner-developer Ytech 75 Broadway LLC plans Seven Broadway at 41 and 75 SW 15th Road…

Medley Industrial Property Portfolio Sold For $22.75 Million

Miami-Based Realtors and Investors Scott and Belinda Sime Dispose of Medley Industrial Properties for $22.75 Million Long-time Coral Gables-based real estate brokers and investors, Scott and Belinda Sime, principals… have sold three industrial properties from their overall real estate portfolio for $22.75 million. The buyer was WREV Industrial 1 Holdco LLC, led by Tyler Workman.

Dubai Developer Buys Northern Brickell City Centre Parcel

Brickell City Centre’s North Squared site has been sold to a developer from Dubai. The sale price was $45m. The transaction was recorded yesterday in Miami Dade records, and was first reported by the SFBJ. Kerzner International FL Holdings LLC is the buyer. Kerzner’s flagship brand is Atlantis. According to a memorandum recorded on the same day as the sale…

Photo: First Glass At 45-Story The Standard Residences Brickell

A photo by Phillip Pessar show the first glass being installed at the 45-story The Standard Residences, under construction in Brickell. The building is planned to include 422 condo units, a 45th floor rooftop lounge, amenities, and a restaurant. It will be connected by podium to the 44-story Lofty Brickell tower, also under construction next door.

Master Construction Permit Issued For 38-Story Tower In Edgewater

Miami’s Building Department has issued a master construction permit for a 38-story tower in Edgewater. The permit was issued July 22. Earlier, a site work and phased vertical permit had been issued for the property. The new high rise will be known as 2900 Terrace. It is planned to include 324 apartments that will be “condo quality,” with larger than average floorplans…

Foundation Permit Approved for The Delmore at 8777 Collins Avenue in Surfside

The foundation permit has been approved for The Delmore, DAMAC International’s 12-story oceanfront condominium designed by Zaha Hadid Architects at 8777 Collins Avenue in Surfside. The approval, issued by the Town of Surfside, allows the project to proceed with the next phase of construction. Deep-soil mixing (DSM) is currently underway to stabilize the site….

210 ‘Reasonably Priced’ Units Proposed for 1600 Washington Avenue in Miami Beach

420 Lincoln Road Development intends to move forward with a 15-story tower on Miami Beach. Measuring 164 feet at its highest point, the venture would feature 210 “reasonably priced” units, with floorplans spanning 550 to 1,112 square feet. The average unit would measure 739 square feet. Per the project’s proposal, the homes are intended to meet the growing demand…

FAA Approves 820-Foot-Tall Skyscraper at 19051 Collins Avenue in Sunny Isles Beach

The Federal Aviation Administration has issued a determination approving a structure rising 820 feet above ground, or 828 feet above sea level, at 19051 Collins Avenue in Sunny Isles Beach. The determination, granted on July 30 to MB RE Investments, LLC, an entity linked to Related Group, confirms the proposed tower will not pose a hazard to air navigation.

FAA Approves Sunny Isles’ Tallest Ever Tower At 820 Feet

The Federal Aviation Administration has determined that the tallest building ever proposed in Sunny Isles would not pose a hazard to air navigation. The FAA approval is for a building height of at 820 feet above ground and 828 feet above sea level, which would make it the the tallest oceanfront building in the U.S. An approval letter was issued by the agency on July 30…

Ezio’s Steakhouse to Open First Permanent Location at 72 Park in North Beach

The founders of New York’s iconic Roberta’s are bringing their latest culinary venture to Miami Beach. Ezio’s Steakhouse, the Italian-inspired pop-up created by Brandon Hoy and acclaimed chef Carlo Mirarchi, will open its first brick-and-mortar location in late fall 2025 at 72 Park, the newly completed luxury condominium tower developed by Lefferts…

MG Developer Plans 12-Story Apartment with Retail for 13400 SW 248th Street in Homestead

Coral Gables-based MG Developer intends to move forward with a 12-story apartment building on a recently acquired 2.06-acre property. Previously, the property was home to a now-demolished auto dealership. MG Developer purchased the parcel for $5.3 million — a 324% increase from its last recorded sale at $1.25 million. Plans filed with Miami-Dade County in 2023…

Q2 Report: Miami Industrial Market Stabilizes With Positive Absorption And Steady Rents

The Miami-Dade industrial market showed signs of stabilization in Q2 2025, posting 239,864 square feet of positive net absorption, a rebound after four straight quarters of losses. Notable move-ins included Amazon, Geodis, and Garland Food, helping offset large move-outs like MIFS and Monat. Rents remained steady, with warehouse/distribution averaging $16.59, up 1.0%…

Second Block Of Curbless, Pedestrian-Friendly Flagler Street Rebuild Opens

Flagler Street’s pedestrian friendly rebuild is advancing, according to CBS Miami. Five blocks of the street in the heart of downtown Miami are being rebuilt with wider sidewalks and a curbless design. Two blocks have new opened, the report said. Officals are hoping the openings will have a “domino effect” on the remaining three phases. Construction on the project began around May 2021.

Reports: G-20 Summit To Be Hosted In Miami In 2026

The Group of 20 summit is expected to come to Miami-Dade in 2026, according to CNN and other sources. President Donald Trump is planning to host the event at the Trump National Doral Miami. Hosting the summit at the venue is controversial, since it is owned by The Trump Organization, according to MSNBC. Previously, Trump faced “widespread outrage” over a proposal…

Report: Miami #1 In World For Ultra High Net Worth Buying Second Homes

Miami is the most popular location in the world for ultra high net worth individuals to buy second homes, according to the Daily Mail, which cited a report by Altrata. Ultra high net worth individuals are defined in the report as having a net worth of over $30m. Over the past five years, Miami has seen strong growth of its wealthy second-home population, the report said.

Exterior Work Underway at 3050 Aventura, Safra Bank’s New Headquarters in Florida

Exterior work is underway on 3050 Aventura, a new 12-story Class A office development at 3050 Northeast 199th Street in Aventura, Florida. The project is being developed by Safra National Bank, which acquired the 1.31-acre site in 2009 for $11.5 million. It replaces a three-story office building constructed in 1991. Designed by Foster + Partners in collaboration…

$52.9M Sale of New Industrial Facility in Hialeah Brokered

Hialeah… the $52.9 million sale of Countyline East Logistics Center, an industrial facility located at 16300 N.W. 97th Avenue in Hialeah, a suburb of Miami. An undisclosed buyer, which plans to fully occupy the 171,178-square-foot property, purchased the asset from the developer, a partnership between East Capital Partners and VLIETCO Enterprises.

Master Permit Issued for 70-Story Okan Tower in Downtown Miami

The City of Miami has issued the master construction permit for Okan Tower, marking a critical milestone for the 70-story mixed-use development rising at 555 North Miami Avenue in Downtown Miami. With this approval, the development team can now advance full-scale interior buildout and mechanical system installation across the tower, including plumbing…

Master Construction Permit Issued For 70-Story Okan Tower

Miami’s Building Department has issued a master construction permit for Okan Tower. The permit allows the developer to move forward with all interior and mechanical system – including plumbing, HVAC, electrical, elevators, and life safety. “With this permit in hand, we now have the green light to complete every element of the building,” said Bekir Okan, Chairman of developer Okan Group.

Zaha Hadid-Designed Delmore Gets Foundation Permit In Surfside

In Surfside, a foundation permit has been issued for The Delmore, which is being by the globally renowned Zaha Hadid Architects. The permit will allow for piling work to begin at the site. The piles will extend over 100 feet below ground. Foundation contractor Keller North America has already commenced deep-soil mixing at the site, and that work is now about a third complete.

Hypercar-Focused Garage Design Unveiled for Pagani Residences in North Bay Village

Pagani Residences is redefining the concept of a luxury garage, introducing a space conceived not simply for vehicle storage, but as an architectural gallery designed for collectors and enthusiasts of high-performance automobiles. Developed by Riviera Horizons and Pagani Automobili, the project will rise at 7940 West Drive in North Bay Village and is the first residential…

‘Residence 27’ to Offer 247 Homes at 2728 NE 2nd Avenue in Miami

Our sources have revealed plans for a high-rise residential tower in Miami’s Edgewater neighborhood. Residence 27 is a preconstruction building set to feature 247 homes in 20 stories. Residents will have access to a suite of on-site amenities, most of which contained in an amenity deck; it will include a fitness center, residents’ lounge, and swimming pool.

Construction Starts on 251-Unit ‘Modera Aventura South’ at 2681 NE 191st Street

Boca Raton-based Mill Creek Residential has broken ground on the second phase of its Modera Aventura project. Modera Aventura South will measure nine stories above grade and feature 251 apartments, ranging from one-bedroom to three-bedroom floorplans. Homes will span about 730 to 1,370 square feet. Future residents will have access to a suite of on-site amenities.

Miami Apartment Construction Surges To Top Spot In U.S.

Permits for more than 2,000 new apartments were issued in Miami last month, signaling a renewed sense of momentum in the multifamily sector. Miami had more units permitted during the past 12 months, at 7,257, than any other city or place tracked by RealPage in its analysis of Census Bureau data. More than a third of those permits, roughly 2,500, were issued in June alone.

Building By World Renowned Architect Proposed Near Lincoln Road

The owner of a prominent property in South Beach has filed plans for a residential building designed by a world renowned architect. The filing was submitted by a company controlled by Ambassador Paul Cejas, according to a Letter of Intent. It is proposed to include 210 residential units and about 7,000 square feet of ground floor retail. Design is by Mexican architect…

Biscayne Boulevard Property Approved For 47-Story Live Local Act Tower

Tulip Developments Group says it has obtained City of Miami approval for a 47-story Live Local tower in Edgewater. The new building will be built on several parcels, including 3350 Biscayne Boulevard. It will include 499 luxury and workforce housing rental units, along with 5,555 square feet of ground floor retail, according to a press release.

Two Brickell Towers Near Halfway Point Of Vertical Construction

Two towers rising in Brickell are near the halfway mark for vertical construction. Glass is also now being installed, photos show. The two towers include Lofty Brickell and the The Standard Residences, Brickell, which are connected by a podium. Both buildings now appear to be over the 20 floor mark. They are planned to rise to heights of 44 and 45 stories.

Mill Creek Sells Miami Apartments For $73M: The South Florida Deal Sheet

The Modera Skylar is one of a handful of multifamily complexes that traded hands last week. Boca Raton-based Mill Creek Residential and San Francisco-based Rockwood Capital sold the building for $73.5M to New York-based DRA Advisors, according to property records provided by Vizzda.

Miami Office Balances Growth with Strategic Repositioning

The Miami-Dade office market remained healthy in the second quarter of 2025 despite some ongoing macroeconomic uncertainties looming. Rents averaged $58.99 per square foot, a 3.7% jump year-over-year and a marginal 0.6% increase quarter-over-quarter. At the same time the vacancy rate dropped 30 basis points quarter-over-quarter, to 11.1%…

Ram Realty, Pinnacle Launch Luxury Miami High-Rise

Ram Realty Advisors and Pinnacle Communities have kicked off construction of a 16-story, 334-unit apartment building in Aventura, Fla., between Miami and Fort Lauderdale. The first units are slated for completion in mid-2027, with preleasing beginning early that year. Tall apartment tower with alternating white and gray columns with a highway and light rail line…

Miami-Dade Retail Softened in Q2 2025

Miami-Dade County’s retail market softened in the second quarter 2025, ending with a vacancy rate of 3.2%, up 20 basis points from the previous quarter. This can be largely attributed to negative net absorption that accumulated to 179,000 square feet, the lowest amount since 2020. Additionally, rents declined for the second quarter, down 2.3% quarter-over-quarter.

Miami Luxury Community ‘Fifteen’ Changes Hands

Premium Development Inc., the U.S. subdivision of European-based Premium Group, has sold Fifteen Apartments, a 132-unit Class A luxury multifamily community located in Miami. Walker & Dunlop brokered the transaction. The buyer and sale price have not been disclosed. Fifteen Apartment is the second U.S. property the company has sold in the Miami area.

Meet Alexandra Eichner, next in line at the Continuum Company

After joining her family’s development firm in 2020, Alexandra is about to complete her first luxury condo project in South Florida Developer Ian Bruce Eichner took his daughter, Alexandra, to the Little Beet in New York for veggie-forward bowls. Before accepting the invitation and picking the spot, she said, “Dad, no disrespect, but what’s the agenda?”

DWS’ Todd Henderson on shedding offices, investing in multifamily and single-family rentals 

Firm’s real estate exec also talks about Rreef’s history, Trump administration’s tariffs and immigration policies German asset manager DWS Group and its U.S. real estate subsidiary Rreef are on an office selling spree, especially in South Florida. In February, Frankfurt-based DWS sold the Las Olas Centre I & II office towers at 350 and 450 East Las Olas Boulevard in downtown…

South Miami Staple Deli Lane Café To Be Demolished

For nearly 40 years, Deli Lane Café & Sunset Tavern has been the beating heart of South Miami — a place where families, friends, and entire generations have gathered for breakfast, brunch, or a late-night beer. Tucked along Sunset Drive and 59th Avenue, its brick-paved, one-way street feels like a scene ripped straight from a European postcard. Tables with umbrellas dot the charming…

Lease roundup: Lefferts lands steakhouse at North Beach condo tower, Swiss skin care giant plans Brickell HQ

Also, West Palm Beach’s Warehouse District gets a shake-up An Italian-inspired steakhouse and seafood restaurant will open at Lefferts’ recently completed 72 Park condo tower in Miami Beach. Ezio’s Steakhouse, co-founded by Brandon Hoy and chef Carlo Mirarchi, leased 2,200 square feet on the ground floor of the 22-story, 266-unit condo tower at 580 72nd Street…

‘Hillcrest Village’ in Final Stages of Approval for 1101 Hillcrest Drive in Hollywood

Florida YIMBY has an update regarding Hillcrest Village, an affordable housing development in Hollywood. Our sources share that the venture is in the latter stages of approval, pending review from city officials. If given the green light, Hillcrest Village would measure eight stories above grade, reaching 87 feet tall at its highest point.

Integra offers $21M stalking horse bid for distressed Pembroke Pines condo complex

Developer set the floor price for 25-acre Heron Pond that’s headed to auction next month Integra Real Estate offered $20.5 million for a sprawling Pembroke Pines condo complex in receivership, setting the floor price for an upcoming auction of the distressed property. Miami-based Integra — led by Nelson Stabile, Paulo Tavares de Melo, Victor Ballestas and Cory Yeffet…

Grover Corlew Breaks Ground on Mayla Cypress, a 312-Unit Residential Development in Fort Lauderdale

Grover Corlew has officially broken ground on Mayla Cypress, a 312-unit luxury multifamily development located at 6261 NW 6th Way in Fort Lauderdale’s Uptown Urban Village. The seven-story project is rising within the Cypress Creek business corridor on a 3.71-acre site formerly occupied by an underutilized office building. The groundbreaking follows the recent closing…

Category Five buys Sunrise multifamily portfolio for $32M

Aventura-based firm acquired four apartment properties with 184 units built in 1960s and 1970s Category Five Real Estate expanded its multifamily holdings after paying $32.3 million for a Broward County portfolio. Aventura-based Category Five, led by brothers Leon and Mike Peisach, acquired four properties consisting of 26 one- and two-story buildings with 184 apartments combined…

Cabot expands South Florida portfolio, pays $39M for Pompano Beach warehouse

Boston-based firm acquired 137K sf facility from Morgan Stanley Cabot Properties bought a Pompano Beach distribution center for $38.7 million, expanding its industrial holdings in South Florida. An affiliate of Boston-based Cabot, led by CEO Franz Colloredo-Mansfeld, acquired Pompano Business Center II, a 136,985-square-foot facility at 3001 West Copans Road…

‘Alton Delray’ Multifamily Planned for Industrial Area at 2101 S. Congress Ave in Delray Beach

Delray Beach-based Kolter Group is moving forward with a multi-family housing development in Palm Beach County. Alton Delray is set to feature five residential buildings: two six-story structures and three five-story structures. Together, they would offer 386 apartments, with 40 percent designated as workforce housing. According to Palm Beach County records…

Anheuser-Busch heirs buy Wellington equine facility for $25M 

42.1-acre Palm Beach Equine Sports Complex last sold for $4.5M in 2004 Scions of the Anheuser-Busch family dropped $24.5 million on a 42.1-acre equestrian facility in Wellington. Records show PBESC LLC, a Florida entity managed by Stephen A. Orthwein Jr. and linked to his uncle, Peter Busch Orthwein, bought the Palm Beach Equine Sports Complex at 13056 Pierson Road.

Bain Capital, 11North pay $395M for portfolio of 10 shopping centers, half in Broward & Palm Beach counties

Half the properties are in Broward and Palm Beach counties Bain Capital Real Estate and 11North Partners bagged 10 open-air shopping centers for $395 million, with the portfolio heavily weighted toward the Sunshine State and specifically South Florida, The Real Deal has learned. Boston-based private equity firm Bain and New York-based retail investment firm 11North…

‘The Sound Apartments’ Tops Out at 8111 South Dixie Highway in West Palm Beach

The Sound Apartments, an eight-story mixed-use project in Palm Beach County, has topped out. The development will span 675,000 square feet of new construction, comprising retail and residential space. Plans call for 358 residences, 25 percent of which (90) will be designated as workforce housing. Palm Beach County defines workforce housing as accommodations aimed…

Nora developers plan 122 condos, 350 apartments at West Palm Beach district

Projects mark the first ground-up resi construction at the 40-acre mixed-use development Place Projects’ Joe Furst, NDT Development’s Ned Grace and Wheelock Street Capital’s Merrick ?… Nora District developers plan a 122-unit condo building and a 350-unit apartment building, marking the first residential development at the mixed-use downtown West Palm Beach district.

Construction Progresses on 22-Story Alba Palm Beach at 4714 North Flagler Drive in West Palm Beach Northwood Neighborhood

Construction continues to progress at Alba Palm Beach, a 22-story condominium development at 4714 North Flagler Drive in the Northwood neighborhood of West Palm Beach. Designed by Spina O’Rourke + Partners, the project is being developed by BGI Companies, led by principal Kenneth Baboun, in partnership with Blue Road. Moss & Associates is serving as…

Marius Fortelni lands $60M loan for Jupiter townhouse project

Financing replaces a $47.5M construction loan scored last year for the 17-unit Forté Luxe Marius Fortelni’s Forté Development landed a $60 million construction loan for his planned waterfront townhouse project in Jupiter. Kriss Capital, a New York-based lender helmed by Jody Kriss, is providing the loan, according to a press release.

The Fed maps second quarter 2025 state and metro employment

On July 19, 2025, the Bureau of Labor Statistics released the second quarter data for total nonfarm employees at the state and metro levels. At the state level, 36 states experienced positive job growth and 14 experienced job losses. Texas led all states in job growth, adding 46,800 jobs in the second quarter. New Jersey had the largest decline, losing 10,700 jobs.

U.S. Office Market Poised for Recovery

As of midyear 2025, the U.S. office market fundamentals appear to have reached their lowest point, with varying levels of recovery anticipated during the latter half of the year. While vacancies remain elevated, the pace of increase is slowing, and fewer spaces are returning to the market compared to the period from 2021 to 2023. Average asking rents are beginning to stabilize.

Video: Brookfield Real Estate CEO Lowell Baron Breaks Discusses Office Properties and More, Says Big Deals Are Back

In a recent interview on Bloomberg Television, Lowell Baron, the new chief executive officer of Brookfield Asset Management’s real estate business, discussed the return of mega deals in commercial office space and the need for more (commercial office space). The conversation revolved around the significant increase in property sales this year after a three-year lull…

U-Haul 2025 Midyear Migration Trends

Summer is moving season, and odds are you have seen a U-Haul® truck being unloaded at a home near you. Or perhaps you were the one moving. With nearly half of all residential moves in the U.S. occurring between Memorial Day and Labor Day weekends each year, the U-Haul midyear migration trends report answers the question: “Where did those new neighbors come from?”

15 Years of Occupancy Growth in Industrial, U.S. Market Rebalancing

Tenant move-outs and 71M SF of new supply pushed the U.S. industrial vacancy rate higher for the 12th straight quarter, rising by 26 basis points to 7.3%, the highest level since 2013. Supply-side pressure is pushing vacancy higher in some regions and markets than others, although vacancy is nearing its cyclical peak. Net absorption remained positive for the 60th consecutive quarter…

The Housing Market Slump and Its Effects on Storage Demand

Why do first-time buyers of single-family homes matter to self storage investors? In the storage industry, 70% of users are residential, and of those, 70% rent storage units because they are in the process of moving. This could be moving back home after college, relocating a parent to a senior living facility, or transitioning from an apartment to a first home.

How property technology is changing commercial real estate

While most executives are optimistic about their company’s performance, according to the J.P. Morgan 2025 Business Leaders Outlook Pulse, they’re also concerned about economic uncertainty, tariffs and rising costs. One potential solution for commercial real estate: property technology (or proptech). What is proptech? Proptech includes a range of solutions…

What the end of Energy Star could mean for commercial real estate

Most people think of Energy Star as the little blue sticker on their appliances that tells them they will see some measure of energy-efficiency savings on their utility bills. But Energy Star, a public-private partnership administered by the U.S. Environmental Protection Agency, is a lot more than that. Now it is reportedly on the chopping block as part of massive budget cuts proposed…

Report: Q2 Net Absorption Declines in North America Across All Property Sectors Except Multifamily

Lee & Associates’ 2025 Q2 North America Market Report looks back at shrinking (or negative) net absorption for industrial, office and retail sectors in the last quarter. Meanwhile, multifamily tenant demand beat previous expectations in the same three months, as a feared recession failed to materialize. The mix of factors for absorption varied by property type…

Terra, ESJ’s Jungle Island project moving forward

Commissioners voted on allocation of $47M in developer contributions Arnaud Sitbon and David Martin with an aerial view of Jungle Island (Getty, Terra, ESJ Capital Partn… After six deferrals and one meeting cancellation, the Miami City Commission voted to move forward with how it plans to allocate the funds from the pending sale of city land on Watson Island…

Todd Nepola expands South Florida shopping center portfolio with $33M buy

An affiliate of his Hollywood-based firm acquired Miami Gardens retail site anchored by Ross and DD’s Real estate investor Todd Nepola padded his South Florida shopping center holdings with a $33 million acquisition in Miami Gardens. An entity managed by him bought County Line Shopping Center at 21301-21495 Northwest Second Avenue, Nepola told…

Distressed Miami River dev site hits market with $18M asking price

Marlon Gomez-led JV had previously planned 40-unit townhome project A distressed Miami River development site tied to allegations of fraud hit the market again with a reduced asking price of $18 million. The 1.8-acre property comes with city approvals for a 40-unit townhome development called Miami River Cove, previously planned by a joint venture led…

Amit Kort, Ofir Gabriel partnership score Live Local Act approval for Edgewater site

JV is listing small assemblage for $34M that can be developed into 47-story tower with 499 apartments A partnership between Amit Kort and Ofir Gabriel is adding a Live Local Act sweetener to an Edgewater site that’s on the market with a new asking price of $34 million. The city of Miami recently approved plans for the joint venture, Tulip Developments Group, to build a 47-story…

Boymelgreens’ Miami Beach office building at 301 Arthur Godfrey Road hits market at $20M

The Boymelgreens are looking to sell a 1960s office building in Miami Beach that’s next door to their nearly completed 42 Pine boutique condo project. The six-story building at 301 Arthur Godfrey Road hit the market with an asking price of $19.9 million, according to an offering memorandum. Alex Zylberglait and Michael Crocchiola…

Lease roundup: Ockap Caviar restaurant to open at One Ocean in South Beach

Also, a financial adviser and fintech firms will move headquarters to Terra’s The Well Bay Harbor Islands Restaurant Ockap Caviar & Cuisine will open in Miami Beach’s South of Fifth neighborhood. Ockap leased 3,200 square feet at a commercial unit at the One Ocean condominium building at 1 Collins Avenue, according to the landlord’s broker. Sebastian and Fabio…

Capstone, Alta partnering on University of Miami student housing project

Developers plan a 16-story, 189-unit tower with two pools, study rooms Capstone Collegiate Communities and Henry Pino’s Alta Development are partnering on a student housing project near the University of Miami. The developers are planning a 16-story, 189-unit complex with a total of 701 beds, the South Florida Business Journal reported.

Development activity ramps up in North Bay Village

Recent approvals move long-planned projects forward in the small town At a town commission meeting earlier this month, a joint venture between the Pérez family’s Related Group and Harry Macklowe Properties secured approval for their planned two-tower luxury condo development. The Harbor Island project will include two 498-foot, 43-story waterfront buildings at 8000 East Dr…

Shoma gets extension from North Bay Village, plans to seek additional height and density for condo tower

Shojaees’ firm now has until Halloween to secure master building permit for Shoma Bay Masoud and Stephanie Shojaee secured more time to obtain a master building permit for Shoma Bay, a delayed condo tower planned in North Bay Village. “Right now I am spending my own cash and giving the money for the project,” Masoud Shojaee, CEO of Coral Gables-based Shoma Group…

Hypercar-Focused Garage Design Unveiled for Pagani Residences in North Bay Village

Pagani Residences is redefining the concept of a luxury garage, introducing a space conceived not simply for vehicle storage, but as an architectural gallery designed for collectors and enthusiasts of high-performance automobiles. Developed by Riviera Horizons and Pagani Automobili, the project will rise at 7940 West Drive in North Bay Village and is the first residential…

Related and Macklowe secure approval for North Bay Village condo towers

Developers’ plan for two 43-story high-rises will return to commission for final vote in September The Pérez family’s Related Group and Harry Macklowe’s Macklowe Properties secured initial approval for their planned two-tower luxury condo development in North Bay Village. The North Bay Village commission unanimously passed a zoning ordinance on first reading…

Lennar proposes 125 townhomes in south Miami-Dade 

Homebuilding giant has multiple planned projects in the area Lennar proposes 125 townhomes in south Miami-Dade County, marking the homebuilding giant’s continued development in the area. Miami-based Lennar wants to build the Century Parc Villas North complex on a 10.3-acre site at 35655 Southwest 192nd Avenue in unincorporated Miami-Dade…

Fear of ICE raids creates chilling effect at South Florida construction sites

Trump’s immigration crackdown has subcontractors thinking twice about filling crews with migrants On a muggy Thursday morning in mid-June, Jorge stood near the parking lot entrance to a Home Depot in Hialeah. The 47-year-old Cuban day laborer scanned arriving pick-up trucks for any glimmer of job opportunities, which have become scarcer each passing week.

$82.3M Sale of Doral Industrial Portfolio Negotiated

CBRE has negotiated the $82.3 million sale of a six-building industrial portfolio within America’s Gateway Park in Doral, a city in Miami’s Airport West submarket. Longpoint Partners, a Boston-based private equity firm, purchased the 301,988-square-foot portfolio from Terreno Realty Corp. José Lobón, Trey Barry, Frank Fallon, Royce Rose, George Fallon…

‘Residence 27’ to Offer 247 Homes at 2728 NE 2nd Avenue in Miami

Our sources have revealed plans for a high-rise residential tower in Miami’s Edgewater neighborhood. Residence 27 is a preconstruction building set to feature 247 homes in 20 stories. Residents will have access to a suite of on-site amenities, most of which contained in an amenity deck; it will include a fitness center, residents’ lounge, and swimming pool.

MMG Equity Partners Secures $38 Million Miami Portfolio

MMG Equity Partners Secures $38 Million Refinancing of Miami In-Fill Retail Portfolio Miami, FL – July 24, 2025 – MMG Equity Partners (MMG), a Miami-based real estate investment firm, today announced that it has completed a $38 million refinancing of its Miami In-Fill Retail Portfolio, consisting of Pinecrest Center, Westlake Plaza, Naranja Plaza, and Pinecrest…

MMG Equity Partners Obtains $38M Refinancing for Four South Florida Shopping Centers

Miami-based MMG Equity Partners has obtained a $38 million loan for the refinancing of four shopping centers in South Florida. JLL arranged the loan through Synovus Bank. The four properties include Pinecrest Center and Pinecrest Shoppes in Pinecrest, Westlake Plaza in Westchester and Naranja Plaza in Homestead. The four properties, which front either South Dixie Highway…

First Offset Cube Taking Shape At Supertall Waldorf Astoria Miami

The supertall Waldorf Astoria Hotel & Residences Miami is beginning to remake Miami’s skyline, photos from this month show. The design of the building will feature nine offset cubes, of which the first is now taking shape. Glass installation also appears to now be underway on some of the lower floors. The Waldorf Astoria is set to become the tallest building in Miami…

Tri-Rail May Be Forced To Shut By 2027 After FDOT Funding Cut

FDOT has told Tri-Rail officials that it wants to cut funding for the train service, which could lead to it shutting down, according to the Palm Beach Post. Tri-Rail was informed by FDOT of the planned cuts earlier this year. Then, on June 30, Gov. Ron DeSantis approved a new state budget which FDOT says allows it to proceed with cutting funding.

Tri-Rail faces 2027 shutdown without engineering a rescue

Tri-Rail, the commuter railroad serving three counties, is enroute to permanent derailment in a shutdown by July 2027 due to state budget cuts. Its public operators are scrambling to find ways to keep going. The Florida Department of Transportation (FDOT) redefined what it considers the statutory minimum for funding Tri-Rail, reducing from $42.1 million to $15 million…

Edgewater tower ‘Biscayne 18’ with 1,178 residences wins support

Dual mixed-use residential towers, the tallest reaching 55 stories, are coming to Edgewater. The applicant is 17 Plaza LLC, which is planning to build the project, Biscayne 18, at 331 NW 18th St. The development is to include the towers, home to 1,178 residences, nearly 25,000 square feet of commercial-retail uses, and a parking podium for 1,363 vehicles.

Wynwood residential towers to bring 1.9 million square feet

A developer in the Wynwood Arts District has planned a trio of steel and glass mixed-use residential towers with a cherry on top – literally. Owner-developer 2400-2500 N Miami LLC has submitted plans for property at 2400, 2412, and 2418 N Miami Ave. The overall project, LIVWRK Wynwood, is to bring more than 1.9 million square feet of uses in three 45-story towers…

Miami seals big Watson Island development deal

Miami has finalized the sale of city-owned land on Watson Island in a deal that promises new luxury residences, 13 acres of public green space overlooking Biscayne Bay and millions in community benefits. The city commission approved the long-anticipated deal July 24, clearing the way for the mixed-use development to rise on 18.7 acres of city-owned land at 1111 Parrot Jungle Trail.

Construction Starts on 251-Unit ‘Modera Aventura South’ at 2681 N.E. 191st Street

Boca Raton-based Mill Creek Residential has broken ground on the second phase of its Modera Aventura project. Modera Aventura South will measure nine stories above grade and feature 251 apartments, ranging from one-bedroom to three-bedroom floorplans. Homes will span about 730 to 1,370 square feet. Future residents will have access to a suite of on-site amenities.

Demolition Permit Issued for 14 ROC Site in Miami’s Arts & Entertainment District, Construction Permit in Progress for 32-Story Tower

A total demolition permit has been issued for the site of 14 ROC, a planned 32-story residential tower at 125 NE 14th Street in Miami’s Arts & Entertainment District. Miami-Dade County records show that a construction permit is currently in progress, paving the way for vertical development. The project is being developed by GFO Investments and will rise 395 feet…

427-Unit ‘Excel Miami’ Residential Tower Tops Off

Another residential tower has topped off in Miami. The Excel Miami tower topped off at 24 stories, with a ceremony by construction management firm Shawmut Design and Construction and developer Clearline Real Estate. Since breaking ground in December 2024, Shawmut-led construction crews have poured 19,000 cubic yards of concrete, laid 2,000 tons of rebar…

More Workers Now Employed In Construction In Miami-Dade Than Ever Before

Recently released employment figures show that construction is booming in Miami-Dade, according to Miami Today. There are now 63,400 workers officially employed in construction in the county, which is the most ever recorded. Miami-Dade has now set a new record for construction work for five months in a row, and the total number of workers is 8.2% higher than a year ago.

8th Floor Poured At 824-Unit Downtown Miami Apartment Tower ‘Downtown 6th’

Construction work at a 58-story downtown Miami apartment tower is likely to accelerate after contractors reached a key milestone. Contractor L&R Structural wrote on Instagram last week that it was pouring the 8th level mezzanine level at the Downtown 6th tower. Building’s typically rise faster once they reach typical residential floors, which should be coming soon…

894-Unit Downtown Miami Apartment Tower Advances To 6th Review Cycle

There’s progress in construction permitting for an apartment tower at the former Miami Arena site in downtown Miami. The master construction permit for the tower entered its sixth review cycle on Friday, Miami Building Department records show. Meanwhile, the phased vertical permit for the tower moved to its fourth review cycle on the same day.

Casa Bella Residences by B&B Italia Tops Off at 56 Stories in Downtown Miami

Vertical construction has officially topped off at Casa Bella Residences by B&B Italia, a 56-story condominium tower rising at 1400 Biscayne Boulevard in Miami’s Arts and Cultural District. Developed by Related Group and Alta Developers, the milestone was celebrated with a topping off ceremony on July 9, 2025. The tower now approaches its final form, with more than 90 percent…

‘Resia Golden Glades’ Finishes Construction at 15955 NW 6th Avenue in North Miami-Dade

Construction has concluded on Resia Golden Glades, a multi-family housing development with a unique twist: prefabricated bathrooms and kitchens intended to offer high-quality interiors without the cost. The venture comprises 420 apartments divided among four five-story buildings; residences span one-bedroom to three-bedroom floorplans. The venture’s website shares…

Miami’s UDRB Approves 140 Apartments, With Historic Building Integrated

Miami’s Urban Development Review Board voted last week to recommend approval of a new apartment building. The development site once housed the historic  Temple Court Apartments, which was built in two phases between 1914 and 1918. The structure suffered a fire in June 2024, which required its demolition for safety reasons (that portion is now vacant).

Downtown Miami Signature Bridge Project Completion Pushed to Late 2029

Completion of the massive rebuild of the I-395/I-95 interchange, which includes a Signature Bridge in downtown Miami, has been pushed back several years. FDOT says it is now anticipating completion in late 2029. Until this month, the anticipated completion was late 2027. In addition, the estimated cost is now listed at $866 million. It had been listed as being estimated at $840m…

Photos: Central Fare Food Collective at Brightline’s MiamiCentral

Photos by Phillip Pessar show the new Central Fare Food Collective at Brightline’s MiamiCentral. The new Central Fare Food Collective opened on June 17, and the photos were taken on June 19. The Central Fare Food Collective includes 12 food and beverage concepts: Cotoita; El Turco Express; Guchi’s Handroll Bar; Icy-N-Spicy; Josh’s Corner Diner; Peppi’s Steaks & Hoagies…

RK Centers Lands $34M for North Miami Retail Center

The 129,000-square-foot RK Causeway Plaza opened in 1970. Image courtesy of Yardi Research Data RK Centers has received a $34 million refinancing loan for RK Causeway Plaza, a 129,000-square-foot shopping center in North Miami, Fla., according to Yardi Research Data. Bank of America issued the note. The retail property was previously subject to a $15.3 million loan…

JV Lands $56M Financing for Wynwood Haus

A joint venture between LD&D and IGEQ, alongside Black Salmon and Bridge Investment Group has landed a $56 million loan to recapitalize Wynwood Haus, a 224-unit community located in the Miami neighborhood of the same name. Berkadia teams from Miami, Denver and Boca Raton, Fla. helped arrange the loan. Fannie Mae furnished the seven-year…

Multifamily Momentum Shifting in Top U.S. Markets; Miami Area 10th Most Units Permitted

Atlanta and Orlando switched places on June’s top 10 list and Miami replaced Los Angeles at #10 after Newark and Columbus. However, looking at their annual apartment starts data from RealPage’s Market Analytics database, eight of the top 10 permitting markets saw a decrease in annual starts in 2Q25 compared to 1Q25, indicating their starts momentum is still slowing.

Miami-Dade commercial real estate company Glymar Developments files for bankruptcy

A commercial real estate company based in Miami-Dade County has declared bankruptcy with over $1 million in debts. Gylmar Developments Inc. filed for Chapter 11 reorganization July 28, listing up to $1 million in assets and nearly $1.7 million in liabilities. The petition was submitted in U.S. Bankruptcy Court in Miami by the company’s president, Maria Cristina Gonzalez.

Foundry, partner pay $23M for 10-acre industrial dev site in Pompano Beach 

Buyers plan 182K sf project in a pair of warehouses Foundry Commercial and a real estate fund bought a 10.2-acre parking lot in Pompano Beach for $23.1 million, with plans to develop a pair of warehouses. Orlando-based Foundry and a fund advised by Dallas-based Crow Holdings Capital bought the site on the northwest corner of Northwest 33rd Street and Northwest 27th Avenue…

Crow buys 376-unit apartment complex in Davie for $98M

South Florida multifamily investment sales see a pickup, though nowhere near the pandemic bonanza Crow Holdings picked up a 376-unit apartment complex in Davie for $97.5 million, marking a pickup of multifamily investment sales in South Florida. Dallas-based Crow bought the 33 West property at 6300 Southwest 24th Place from New York-based commercial real estate…

Grover Corlew Breaks Ground on Mayla Cypress, a 312-Unit Residential Development in Fort Lauderdale

Grover Corlew has officially broken ground on Mayla Cypress, a 312-unit luxury multifamily development located at 6261 NW 6th Way in Fort Lauderdale’s Uptown Urban Village. The seven-story project is rising within the Cypress Creek business corridor on a 3.71-acre site formerly occupied by an underutilized office building. The groundbreaking follows the recent closing…

Perkins Realty Buys 53k sf Pembroke Pines Self Storage for $15.5M

Perkins Realty & Management has purchased Value Store It Self Storage, a 53,000-square-foot storage facility in Pembroke Pines, Fla. ANF Group sold the asset, together with its 17,667 square feet of commercial space, for a total of $15.5 million, according to Yardi Matrix data. To finance the transaction, StanCorp Financial Group issued a $10.3 million acquisition loan scheduled…

Baptist Health plans to expand, pays $40M for ground lease and dev site 

Coral Gables-based health care chain bought Boynton Beach medical office building and Sunrise vacant land slated for new hospital Baptist Health South Florida CEO Bo Boulenger with an aerial view of the development site at 12401 W… Baptist Health South Florida is expanding its real estate holdings after acquiring a ground lease in Palm Beach County and a Broward development…

Related completes $50M deal for Office Depot campus dev site

Sellers, Pebb and BH, will remain as partners in planned Boca Raton mixed-use project with 500 apartments Related Group paid $50 million for 10 acres at the Office Depot campus in Boca Raton. An affiliate of Coconut Grove-based Related, led by Jorge, Jon Paul and Nick Pérez, bought one of three office buildings and a garage on the campus at 6600 North Military Trail…

Developers Revise Plans for ‘the Residences at Boca Raton’ at 41 SE 4th Street in Boca Raton

Developers Wexford Real Estate Investors and Key International have revised plans for a high-rise luxury condo in Boca Raton. The Residences of Boca Raton would measure 12 stories above grade, comprising just over 330,000 square feet of new construction. Plans call for 133 units, with floorplans ranging from two-bedroom to four-bedroom units.

Grant Cardone, Penn-Florida Complete $235M Purchase Of 101 Via Mizner Out Of Bankruptcy

Penn-Florida Cos. wasn’t giving up the 101 Via Mizner apartments without a fight. After submitting an emergency bankruptcy filing on Jan. 15 to dodge a foreclosure auction, the Boca Raton-based company partnered with celebrity real estate investor Grant Cardone to buy the building from its bankrupt entity for $235M. The new Cardone-led entity, Mizner 366 LLC…

Don King averts foreclosure, sells Deerfield Beach warehouse for $11M

Office/industrial building was legendary boxing promoter’s headquarters Don King averted a knockout punch to his real estate investments after selling a distressed Deerfield Beach warehouse for $11 million. The legendary 93-year-old boxing promoter, who lives in Boca Raton, sold the property for more than double what he owed on an allegedly delinquent mortgage.

SobelCo’s 508-unit mixed-use condo project moves forward in Riviera Beach

Proposed 1.2M sf development would be built on former boat yard site Riviera Beach’s Planning and Zoning Board unanimously endorsed a massive mixed-use condominium project across the street from the Port of Palm Beach. The board voted Thursday to recommend the rezoning of a 4.27-acre former boat yard at 1117 Broadway that will enable Boca Raton-based SobelCo…

U.S. Architecture firms report decline in billings for commercial real estate

Architecture firms are reporting a drop in billings as concerns about the broader economy and tariffs impact commercial real estate development and spending. The AIA/Deltek Architecture Billings Index (ABI) remained in negative territory in June with a score of 46.8, down from 47.2 in May. Anything below 50 is considered negative sentiment.

What’s in and what’s out five years after COVID-19 lockdowns began: commercial real estate edition

The COVID-19 pandemic’s onset set off a once-in-a-century exogenous macroeconomic shock has left lasting scars on commercial real estate (CRE). In this report, we explore the shifts that occurred across CRE after this historic disruption and its aftermath, from property tastes to geography to lifestyle to lending dynamics, and their impact on the asset class.

Real estate developers say affordable housing could soon become more profitable

Whether it’s in the for-sale or rental market, the affordable housing crisis is only getting worse. There is simply not enough supply, especially in the apartment market, where developers have said it’s just too expensive to put up quality, low-income housing. They cite rising costs for land, materials and labor, as well as increasingly restrictive zoning regulations.

Commercial and multifamily mortgage debt nationally rises in the first quarter of 2025

Mortgage debt for the commercial and multifamily sectors increased by $46.8 billion or 1% in the first quarter of 2025, according to a quarterly report issued Tuesday by the Mortgage Bankers Association (MBA). The increase brought total outstanding commercial and multifamily mortgage debt to $4.81 trillion as of the close of the first quarter. Multifamily mortgage debt…

Video: Moody Analytics Director of Economic Research Ermengarde Jabir on Outlook for Industrial Real Estate

In a recent episode of America’s commercial real estate show, the host delved into the current state and future prospects of the industrial real estate sector. The episode was a rich source of insights, forecasts, and strategies pertinent to the industry. The show’s host began by expressing his enthusiasm for the upcoming global summit, emphasizing the networking, deal-making…

When cash is king: Inside Spanish billionaire Amancio Ortega’s South Florida investments

His Ponte Gadea is poised to close this year’s biggest office deal, adding to its sizable portfolio Spanish billionaire Amancio Ortega is on a global summer shopping spree, making a splash in South Florida. Ortega’s Ponte Gadea real estate investment family office is buying the 30-story Sabadell Financial Center in Miami’s Brickell for about $275 million, and also bought…

‘Magic City’ Miami quietly charming its way to becoming America’s next financial hub

Miami, Florida’s iconic coastal city known for a vibrant skyline and an even more vibrant nightlife, is making a quiet resurgence as a major cryptocurrency hub in the U.S. The city was quick to embrace the crypto economy, with Mayor Francis Xavier Suarez accepting his paychecks in only crypto and declaring Miami the “crypto capital of the world” in 2021.

Raoul Thomas’ CGI racks up another foreclosure, could lose Miami Beach hotel

Lender alleges $69M default tied to 140-key Art Deco building on Ocean Drive For the second time in two years, Raoul Thomas’ CGI Merchant Group could lose a South Florida hotel to foreclosure. The legal action is the latest blow to Thomas’ real estate empire, which has been significantly reduced in the past year following the seizure of other commercial properties.

Integral plans 330 affordable and workforce housing units in Miami-Dade

Atlanta-based firm wants to build a Live Local Act project in Liberty City, redevelop a public housing complex in Homestead Integral Group plans 330 affordable and workforce housing units in two projects in Liberty City and Homestead. In Liberty City, Atlanta-based Integral wants to develop the 170-unit Eviva Uptown Center, a Live Local Act project with a 10-story building…

Canero alleges former partner, Justin Rundle, tried to subvert control of Miami-Dade projects

Miami-based firm’s principals allege the son of county’s top prosecutor broke Florida Bar conflict of interest rules Justin Rundle allegedly crossed ethical lines set by the Florida Bar when he partnered with Jose Canero Jr. and Jose Canero Sr. on a slate of planned developments across Miami-Dade County, according to a recent court filing by Canero Group’s principals.

 Alhambra office complex in Coral Gables hits market with target price of $125M

Seller, German asset manager DWS Group…The listing follows the German asset manager and one of its subsidiaries… DWS wants to sell The Alhambra, consisting of the 14-story, 232,100-square-foot Alhambra Plaza building at 2 Alhambra Plaza and the seven-story, 94,300-square-foot Alhambra West building at 95 Merrick Way, according to a JLL listing memo.

Developer Donald Soffer, who founded Aventura, dies at 92

Family patriarch is survived by six of his children, including developers Jackie and Jeffrey Soffer South Florida developer Donald Soffer, a powerful figure who founded Aventura, died on Sunday at the age of 92, following a brief illness. Soffer, born in Duquesne, Pennsylvania on Sept. 20, 1932, bought 785 acres of mostly swampland, which became Aventura, in the late 1960s…

Turnberry Associates Founder Donald Soffer Passes Away at 92

Donald Soffer, the founder of Turnberry Associates. Image courtesy of the family of Donald Soffer Turnberry Associates founder Donald Soffer has passed away at the age of 92. Soffer was the mastermind behind the city of Aventura, Fla. He created Turnberry more than half a century ago. The company—now led by his daughter, Jackie Soffer, who serves as chairman & CEO..

Nahla Capital bids $275M for Shvo’s stalled Raleigh Miami Beach project

Michael Shvo’s firm, which has the right of first refusal, is reportedly trying to match the offer A potential buyer has entered the ring at The Raleigh, a stalled condo and hotel project planned in Miami Beach. New York-based Nahla Capital won a bid to purchase the property for about $275 million, Business Insider reported. Michael Shvo’s firm, New York-based Shvo, has the right of first…

Beverly Hills-based jeweler Ildico buys Miami Design District building for $35M

Sam Herzberg, David Herzberg and Richard Do sold the two-story storefront for $3,701 psf Beverly Hills-based jeweler Ildico picked up a retail building in the Miami Design District for $35 million. An entity managed by Ildico CFO Mikhail Cohen bought the two-story, 9445-square-foot storefront at 3800 Northeast Second Avenue, records and real estate database Vizzda show.

Greystar buys 358-unit apartment complex in north Miami-Dade for $94M

Seller Nuveen Real Estate paid $71M for the property in 2018 The Charleston, South Carolina-based firm bought the property at 6200 Northwest 173rd Street in an unincorporated area of the county from New York-based Nuveen Real Estate, an investment arm of Teachers Insurance and Annuity Association of America, according to records and real estate database Vizzda.

Miami-Dade approves replacing four public housing sites with over 1K affordable units

Redwood Dev Co and Integra are developing the projects separately Redwood Dev Co’s David Burstyn, Brian Sidman and Integra’s Nelson Stabile with the Annie Coleman… More than 1,000 affordable units are planned across Miami-Dade County, as part of a county program to redevelop its aging public housing complexes. Miami Beach-based Redwood Dev Co and Miami-based Integra…

Crescent Heights sues CitizenM over commercial units at Miami Beach hotel

Lawsuit alleges Netherlands-based hotelier is in violation of agreement to transfer ground floor and second level spaces Crescent Heights is suing CitizenM to force an ownership transfer of commercial units at a recently opened Miami Beach hotel. In a lawsuit filed in Miami federal court, an affiliate of Miami-based Crescent Heights, led by Russell Galbut, Sonny Kahn and Bruce Menin…

Related plans 115 affordable apartments on Little Havana public housing site

Pérez family’s firm has agreement with Miami-Dade County for additional low-income resi properties The Pérez family’s Related Group plans 115 affordable apartments on a Little Havana public housing site in Miami. The project is part of an agreement and long-term lease between Coconut Grove-based Related and Miami-Dade County to redevelop three county-owned public housing sites.

Nearly vacant Lincoln Place office building in South Beach hits market for target of $82M

Lincoln Place, a nearly vacant South Beach office building that was once at the center of a crowdfunding scandal, hit the market with a target price of $82 million, The Real Deal has learned. The eight-story building at 1601 Washington Avenue in Miami Beach consists of 111,400 square feet of offices; 26,700 square feet of ground-floor retail and a 499-space garage, according to a JLL listing memo.

Atlantic Pacific proposes 71-unit affordable housing project on Liberty City’s Carver Theater site

All apartments will be for households earning up to 80% of AMI Atlantic Pacific Companies plans to redevelop the long-closed Carver Theater in Liberty City with a 71-unit affordable housing project. The Miami-based company plans the 11-story Lofts at Carver Theater building on the half-acre site at 6016 Northwest Seventh Avenue in Miami, according to an application filed…

‘Gallery at Little Havana’ Could Offer 130 Affordable Housing Units at 1275 SW 1st Street in Miami

The Related Group plans to move forward with a multi-family housing development that would be “entirely affordable” in Miami’s Little Havana neighborhood. Gallery at Little Havana would measure 12 stories, comprising 130 one-bedroom and two-bedroom units. Floorplans would measure 610 to 980 square feet; the average unit would span about 740 square feet.

Seven Broadway Receives Unanimous Approval from Miami’s Urban Development Review Board

Miami’s Urban Development Review Board voted unanimously to approve plans for Seven Broadway, a 54-story residential tower proposed by YTECH and designed by New York-based architecture firm Kohn Pedersen Fox (KPF). The decision, made during the July 16th hearing, marks a significant milestone in advancing the Brickell project toward development.

Cipriani Residences on Brickell Reaches Level 30, Will Rise 950 Feet

Brickell’s Cipriani Residences has reached level 30 of construction. The building is now 17 months into a 48-month construction timeline, according to Fortune Development Sales, which is marketing the tower.. Exterior windows are now installed through level 23, and balcony railings in place on levels 8-10. Interior framing and mechanical work is underway on levels 8-17.

Downtown Miami’s Okan Tower Reaches 29th Floor, Will Rise 902 Feet

Construction at Downtown Miami’s Okan Tower has reached the 29th floor. According to an email blast sent by brokers for the project noting the milestone, the building is on pace for completion in 2027. Okan Tower is planned to top off at 70 stories, or 902 feet, making it among the tallest buildings south of New York. The complex will include a 316-key Hilton Miami Bayfront…

Citadel Brickell Property Could Include 300 Residential Units, Underground Parking

Additional details have been revealed for potential future development at a Brickell property reportedly owned by Citadel. The new details were filed with Miami-Dade in May, as part of an updated zoning application for the properties at 1250-1260 Brickell Bay Drive, and 1221 Brickell Avenue. The properties are across the street from the 1201 Brickell Bay Drive site…

Brickell Key Bridge work to be linked to Mandarin Oriental project

Overdue repairs are set to begin this month on the only bridge connecting Brickell Key to the mainland, and now the City of Miami is preparing to cement a public-private agreement tied to the project as a new high-end hotel and residential complex rises simultaneously on the island’s southern shore. Today (7/24), city commissioners are expected to authorize the city manager…

Miami-Dade cost of living rise exceeds US average

If you feel like the cost of living in South Florida is rising faster than in the rest of the nation, you’re right – even though the percentage of cost increases has fallen annually for three years. The cost of living in Miami, Broward and Palm Beach coun­ties in June was up 3.1% from a year earlier, while for the nation as a whole the increase was just 2.7%, according to data that the US Bureau…

Vote to fund greenway under I-395 Signature Bridge

As construction surges ahead on downtown Miami’s new I-395 Signature Bridge, the city is securing a critical funding deal for the 33-acre park and greenway planned beneath it. Miami commissioners are set to sign off on a combined $7 million today (7/24) from the Omni and Southeast Overtown/Park West Community Redevelopment Agencies (CRAs), clearing the last major hurdle…

Doral exempted from incinerator site but must pay for it

Doral residents, who for four decades lived near Miami-Dade’s only incinerator, are now assured that the next one, if built, won’t be in Doral. Commissioners last week set a policy that will exclude Doral as the site of an incinerator to replace the county Resource Recovery Facility within the city that burned and was closed two and a half years ago. That won’t let Doral off the hook…

Mayor Calls Possible PGA Tour Return To Trump National In 2026 As An ‘Extraordinary Moment’ For Doral

The potential return of the PGA Tour to Trump National Doral in 2026 would be an “extraordinary moment,” Doral Mayor Christi Fraga said in a statement released Tuesday, calling the development a meaningful opportunity for the city and professional golf. “The return of the PGA Tour to Doral would be an extraordinary moment, bringing the tournament back…”

Construction on Waldorf Astoria Hotel & Residences, Florida’s First Supertall, Surpasses One-Third Mark in Downtown Miami

Construction continues to ascend on the Waldorf Astoria Hotel & Residences, a 100-story supertall skyscraper under development at 300 Biscayne Boulevard in Downtown Miami. The tower, which has now surpassed one-third of its full height, is being developed by Property Markets Group (PMG) and Greybrook Realty Partners, in partnership with Mohari Hospitality…

‘Cassa Residences’ to Measure 17 Stories at 2826 NE 187th Street in Miami

Two developers have recently secured approval for a high-rise mixed-use project in Aventura. Cassa Residences will measure 17 stories above grade and replace a retail building constructed in the 1980s. Plans call for 208 residences, 12 of which would be designated as “Hero Housing,” which provides reduced rent for first responders and teachers at city-run charter schools.

MG Developer Secures $41 Million Construction Loan for The George Residences in Coral Gables

MG Developer has secured a $41 million construction loan from Pine Bay Capital for The George Residences, a collection of 13 ultra-luxury townhomes at 717 Valencia Avenue in Coral Gables. This financing marks the next major step toward completing the final project in the developer’s decade-long transformation of the Biltmore Square area….

General Contractor Named for Sevilla at Downtown Doral

Codina Partners has selected ANF Group as the general contractor for Sevilla at Downtown Doral, a two-phase residential development that will bring 412 new units to the heart of Doral. Located on a 4.2-acre site at the intersection of NW 53rd Street and NW 52nd Terrace, the project marks a significant addition to the expanding Downtown Doral neighborhood….

334-Unit Apartment Building Breaks Ground Steps From Brightline Aventura

Developers have secured construction financing and broken ground on an apartment complex near Brightline Aventura, according to the SFBJ. The property is just steps away from the Brightline Aventura station. The station will also become part of the Northeast Corridor commuter rail line planned to run from Fort Lauderdale to Miami (and eventually West Palm Beach).

First Columns Rising at ‘Grand Hyatt Miami Beach,’ One of Miami Area’s Biggest Ever Hotel Projects

The giant Grand Hyatt Miami Beach is beginning to rise vertically, an image from a live construction camera shows. The $600m project is among the biggest hotel developments in Miami’s history. It will include 800 hotel keys (including 52 suites), four floors of meeting and event space, and five food and beverage outlets. There will also be amenities, including a resort style…

Total Demolition Permit Issued at ’14 ROC’ Site, 32-Story Tower Planned

A total demolition permit was issued earlier this month for the 14 ROC site, Miami-Dade records show. A construction permit for the new tower is in process. The development will include a 32-story tower with 283 condos, allowing flexible rentals. Sales for the building launched in July 2024. In October, the developer received FAA height approval for a permanent building height…

Company Completes First-Ever Apartment Complex ‘Resia Golden Glades’ with Modular Kitchens, Bathrooms

Resia Golden Glades, which was built with modular bathrooms and kitchens, has reached completion. It is the first fully-finished project for Resia in the U.S. that utilizes bathrooms and kitchens built at its in-house manufacturing facility. The prefabricated components are inclusive of electrical and plumbing, and were built at Resia’s facility in Fairburn, GA, just south of Atlanta.

Gallery at Little Havana Proposed With 130 Units

A pre-application has been filed for an apartment building in Miami-Dade’s Rapid Transit System-Development Zone. The project name is Gallery at Little Havana and is being proposed by an affiliate of developer Related Group. Gallery at Little Havana is proposed to rise 12 stories and include: 130 apartment units 118-space parking structure. The development is proposed…

Braman Special Area Plan Set For Second Miami City Commission Hearing

Miami’s City Commission is scheduled to have a second reading this week on the Braman Miami Campus Special Area Plan. Commissioners voted in favor of the plan unanimously at the first reading in June. The proposed Braman SAP will reimagine the existing automotive uses by master planning the area into a cohesive, pedestrian-friendly campus, with mixed-use buildings…

Crane Installed At 67-story JEM Private Residences Miami Worldcenter

Vertical construction is underway at the 67-story JEM Private Residences at Miami Worldcenter, with a tower crane now installed. The cranes are approved to rise to heights of 820 and 777 feet above ground during construction. The permanent height of the tower is planned to be around 700 feet. JEM Private Residences will have 259 condos on the upper levels of the building..

$73.27 Million Construction Loan Secured for Nexo Residences in North Miami Beach

Berkadia has announced the successful arrangement of a $73.27 million construction loan on behalf of Fortune International Group and Blue Road to complete Nexo Residences, a 16-story short-term rental condominium tower underway in North Miami Beach. The property will feature 254 fully furnished residences with a flexible ownership model and an EB-5 investment component.

UDRB Unanimously Approves 54-Story Tower For Brickell

Miami’s Urban Development Review Board voted unanimously yesterday to approve plans for a new Brickell tower called Seven Broadway. Developer Ytech is moving forward with plans to build the new tower, which is being designed by New York architect Kohn Pedersen Fox. According to the UDRB filing, Seven Broadway will rise 54 stories, or 682 feet above ground…

Third Arch Of Downtown Miami’s Signature Bridge Nearly Complete

Downtown Miami’s third Signature Bridge arch is nearing completion, according to a FDOT presentation released yesterday. A total of six arches are planned as part of the $840m project, which also includes a rebuild of the I-395/I-95 interchange, among other things. Two of the arches have already been formed, and had their closure pour. The third arch nearing completion…

Construction Crane Approved For Four Seasons Coconut Grove Site

The FAA has approved the height of a construction crane for the site where the Four Seasons Private Residences building is planned. The crane is approved to reach a height of 360 feet above ground, or 374 feet above sea level. The agency issued a determination letter on June 20. The Four Seasons will include around 70 condos, with large unit sizes. CMC Group and Fort Partners are the developers.

$9M Sale of Multifamily Property on Abbott Avenue in Miami Beach Brokered

“7700-7720 Abbott Avenue represented a unique opportunity to acquire 36 contiguous units in Miami Beach with three parcels of land forming a corner lot,” said Joseph P. Thomas, Senior Managing Director Investments. Built between 1940 and 1957, the three properties include 12 studios and 24 one-bedroom units on nearly 17,000 square feet of land.

New Retailers, Restaurants Lease Space on Lincoln Road in Miami Beach

The Lincoln Road Business Improvement District (BID) has announced a new wave of retailers and restaurants opening on Lincoln Road, the retail high street of Miami Beach. The new concepts include All’Antico Vinaio, an Italian sandwich concept that will occupy 1,793 square feet at 647 Lincoln Road; Che by Chelsey, an apparel concept that opened its 675-square-foot boutique at 830 Lincoln…

Lease roundup: Doronin’s OKO opening Wynwood office, PwC moving to Boca Raton  

Also, a national law firm will expand to Coral Gables Billionaire developer Vlad Doronin’s OKO Group plans an office at the Wynwood Plaza mixed-use development. OKO Group leased 25,200 square feet at 95 Northwest 29th Street in Miami’s Wynwood neighborhood, according to a Cushman & Wakefield second quarter office report. JLL’s second quarter report also confirmed…

Hersh Equity expands South Florida industrial portfolio with $47M Broward purchase

Boynton Beach-based firm acquired 230K sf of warehouses in West Park Hersh Equity Group bought a warehouse complex in Broward County for $47.2 million, expanding the boutique firm’s South Florida industrial portfolio. Boynton Beach-based Hersh Equity, led by Juda Hersh and Corey Schwartz, bought six warehouses at 5801-5897 Southwest 21st Street, 5901-5981 Southwest 21st…

Kushner files foreclosure on Newgard’s Natiivo Fort Lauderdale site

Harvey Hernandez’s firm allegedly defaulted on $23M loan that recently matured Kushner Companies is eyeing a Fort Lauderdale site where Miami-based developer Harvey Hernandez plans a mixed-use tower with short-term rental-friendly condominiums. An affiliate of New York-based Kushner, led by Laurent Morali and Nicole Kushner Meyer, is seeking to foreclose…

Two-Building ‘Pinnacle at Cypress’ Proposed for 6520 N Andrews Avenue in Fort Lauderdale

With the completion of Fairfield at Cypress, a recently completed multi-family housing development in Fort Lauderdale, developer Pinnacle wants to proceed with the venture’s second phase. The Fort Lauderdale Development Review Committee will consider plans for the project today. Pinnacle at Cypress would comprise two buildings. The largest would measure 11 stories…

Beloved Coconut Grove Restaurants Closing to Make Room for Condos

Two of Coconut Grove’s most beloved neighborhood restaurants are being forced to either relocate or close entirely to make way for a massive mixed-use building that aims to transform the historic neighborhood. Sapore di Mare, one of New Times’ 10 Best Restaurants in Coconut Grove, and the Last Carrot, winner of New Times’ Best Juice Bar 2025, representing both sides…

Pulte plans more than 800 homes on closed golf course in Lauderhill

Homebuilder has 131 acres of the old Inverrary Country Club under contract PulteGroup plans to build more than 800 homes in Lauderhill on nearly half of a former 36-hole golf course that closed in 2020. The Atlanta-based homebuilder also plans to build a new 18-hole golf course next to the site where it plans to build homes at the former Inverray Country Club.

PulteGroup Breaks Ground on The Cottage District, A 41-Unit Workforce Housing Development in Boynton Beach

PulteGroup, one of the nation’s largest homebuilders, officially broke ground yesterday, July 17, on The Cottage District, a new standalone workforce housing community in partnership with the Boynton Beach Community Redevelopment Agency (CRA). The development is located within the Heart of Boynton District, just north of downtown Boynton Beach.

Four-Story Multi-Purpose Fitness Facility Proposed for 1048 E. Oakland Park Boulevard in Oakland Park

A South Florida-based developer hopes to meet the growing demand for pickleball and padel courts in the region. Hy Nissim Developments LLC has proposed a four-story fitness center that would offer pickleball and padel courts, along with coffee/retail space, programming areas, a cold plunge pool, and sauna. The project would require over 40,000 square feet of new construction…

Equinox West Palm Beach to Open in Late 2025 at CityPlace

Equinox is preparing to open its first Palm Beach County location later this year with the debut of a new luxury fitness club in the heart of downtown West Palm Beach. Located at 575 Rosemary within The Laurel, Related Companies’ flagship apartment tower, Equinox West Palm Beach will anchor the evolving CityPlace district—a reimagined mixed-use destination that now…

Developers To Build 13 Condo Projects In Miami’s Biscayne Boulevard Corridor

Developers are planning and or constructing a baker’s dozen number of condo projects in the Biscayne Boulevard Corridor submarket of Greater Downtown Miami. The 13 new condo projects are projected to add nearly 3,300 units to an area that is already struggling with nearly two years of resale supply listed for resale but not transacting. The overall amount of condo supply…

Miami’s Fisher Island is Home to the Most Expensive Zip Code in U.S.

While the rich and famous are busy flocking to Indian Creek Village’s Billionaire Bunker, that one-half-square-mile isle still falls behind the even smaller (0.27 square miles!), ultrarich enclave of Fisher Island off Miami Beach when it comes to the most expensive zip code in Florida. According to a report by the Robb Report, Fisher Island is not only the most expensive zip code…

Billionaire Developer Stephen Ross Closes On A Deal To Buy 45% Of Tennis’ Miami Open

Many people go to Florida to retire — not so with billionaire real estate developer and Miami Dolphins owner Stephen Ross. The 85-year-old is in advanced talks to buy a roughly 45% stake in the prestigious Miami Open tennis tournament. According to Front Office Sports, Ross is finalizing the deal with the current owners, entertainment and media agency Endeavor, RedBird Capital…

Riviera Beach requests more developer bids for Marina Village

Related Urban was deemed the sole responsive bidder, but city want to ensure competition Developers interested in building a mixed-use project with hotels and restaurants on the waterfront just north of the Port of Palm Beach will soon have another chance. Riviera Beach council members, sitting as the board of directors of the Riviera Beach Community Redevelopment Agency…

Starwood Property Trust to Acquire Fundamental Income Properties for $2.2B

Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group with a core focus on real estate and infrastructure, has announced plans to acquire Fundamental Income Properties for roughly $2.2 billion.  Starwood Property Trust has entered into a definitive agreement with Fundamental, a fully integrated net lease real estate…

Video: Hines Global Chief Investment Officer David Steinbach, Ethos Space CEO Ross Centers discuss building data centers on the moon

The future of the data center industry is a subject that has stirred up a lot of excitement in recent years. The shift towards digitalization has resulted in an increased demand for data centers to store and manage the vast quantities of data generated by businesses and individuals alike. Interestingly, the conversation is now moving beyond traditional land-based data centers…

Brightline Trains Could Extend to Tampa Within 5 Years

Plans are advancing for Brightline train service running from Miami to Tampa. The train service would run from Miami to Orlando with a number of stops along the way, before continuing on to Tampa. On Wednesday, a Tampa board voted to approve Brightline moving forward with the financing process for the project, according to WTSP. The new station is likely to be in the Ybor City…

Why AI Will Finish The Office Sector Transformation The Pandemic Started

Corporate office occupiers didn’t know it at the time, but the pandemic gave them a head start on the artificial intelligence revolution. AI’s integration into daily workflows is pushing more occupiers into smaller, higher-quality space with a focus on collaborative environments, the same trends that have defined postpandemic office demand. The dynamic is accelerating the bifurcation…

Measuring policy rate uncertainty : Daily data from the Kansas City Fed

Previous FRED Blog posts have discussed how to measure economic and financial uncertainty. Some measures are based on news coverage from a large set of U.S. newspapers, and others are calculated using the prices of financial derivatives. Today, we measure interest rate uncertainty based on daily financial data. Our FRED graph above shows the past five years of daily values…

Florida’s Commercial Real Estate Booms As Finance And Tech Flock South — While the Housing Market Slumps

Florida’s commercial real estate market is as hot as a Miami summer. Across the southern part of the state, office towers are rising faster than a thermometer in July as rents follow suit Fox Business reports. The reason? Tech and finance executives are relocating from New York and California, drawn by a business-friendly environment and a lower cost of living. While the commercial market…

Multifamily Starts Jump 31% Nationally in June

There are some who find it hard to believe that the supply cycle may be turning up again, especially if you don’t trust the Census Bureau’s seasonally adjusted annual rate (SAAR) for multifamily starts. That rate increased 30.6% from last month to 414,000 units in June after falling 26.6% from April to May. Year-over-year, the increase is 25.8%. The 414,000 unit starts figure…

How companies are using body heat sensors to make offices more efficient and hospitable

As more and more employees return to the office, by choice or by force, large companies are more interested than ever in understanding how they use the space. The pandemic fundamentally changed how and where people work, and even in the return-to-office dynamic, there is a greater focus on how to best utilize and monetize office space, as well as make it more energy-efficient.

Video: Costar Director of Office Analytics Phil Mobley Provides Office Sector Update, Forecast & Opportunities; Office Sector be Chaning?

In the latest episode of America’s Commercial Real Estate Show, the host delves into the current state of the U.S. office market, highlighting its challenges and potential for recover. The discussion is primarily centered around the effects of the pandemic on this sector, and how it has fared in comparison to other sectors within commercial real estate.

Billionaire Zara Founder In Talks To Buy Brickell Office Tower ‘Sabadell Financial Center’

The investment office of one of the world’s richest men is in talks to buy a Brickell office building, according to The Real Deal and Bloomberg. The Sabadell Financial Center would be sold for about $275m, the reports said. The buyer would be the family investment firm of Amancio Ortega, Pontegadea . Pontegadea has already purchased multiple major real estate assets in Miami.

Amancio Ortega’s Ponte Gadea buying Sabadell Financial Center in Miami’s Brickell for $275M

KKR and Parkway are selling the 30-story tower they bought for $249M in 2018 Spanish billionaire Amancio Ortega is buying Sabadell Financial Center in Brickell for about $275 million. Ponte Gadea, Ortega’s real estate investment firm, plans to purchase the 30-story office tower at 1111 Brickell Avenue from New York-based KKR and Orlando-based Parkway.

Michael Swerdlow on track with Miami-Dade to build $295M mixed-use project

Developer is planning 809 apartments, warehouses, retail, hospitality training center and clinic on 38 acres Miami-Dade County Commissioner Marlene Bastien and Michael Swerdlow with a rendering of the Poinciana mixed-use project at 7200 Northwest 22nd Avenue (Getty, Swerdlow Group, Miami-Dade County Commission) Michael Swerdlow is lining up another…

Central Asia’s largest developer investing in Brickell condo projects, plans to expand in downtown Miami

Kazakhstani firm BI Group has pumped $30M into partnership with Habitat Group Central Asia’s largest developer, Kazakhstani firm BI Group, is partnering with Habitat Group on three mixed-use condo projects in Brickell and is looking for more development opportunities in Miami. BI Group is a roughly 50 percent partner in the planned short-term rental friendly condo…

Turmoil at Brickell condo complex over money and power

Owners at 17-year-old Miami building have been fighting the condo association over $21M special assessment, board leadership A group of unit owners at a two-tower condo on Brickell Avenue in Miami voted to oust their association president in late November, as they were fed up with a series of his and the board’s actions that included enacting a $21 million special assessment…

Moishe Mana scores $150M refi for 56-property portfolio in Miami’s Wynwood 

No ground-up development has been completed since city OK’d 30-acre project in 2016 Moishe Mana scored a $150 million refinancing for his expansive property portfolio in Wynwood. The loan covers 56 properties in Miami’s arts district and was provided by WFL Lender, a Delaware-registered entity, according to the mortgage record. The properties surround his Mana Wynwood…

Stacy Robins seeks removal of curator overseeing late father’s estate

In court filings, she alleges Marsha Madorsky is doing a poor job tracking down Gerald Robins’ assets Stacy Robins is seeking to oust the curator overseeing her late father Gerald Robins’ estate. It’s the latest legal salvo against her mother and her three siblings whom she alleges have misrepresented how much wealth their family patriarch left behind when he died nearly three years ago.

MG Developer lines up $39M loan to build Coral Gables townhome project

Alirio Torrealba’s firm is planning 13-unit The George at Biltmore Square MG Developer’s pipeline keeps pumping along as Alirio Torrealba’s firm is about to score a $39 million construction loan for a Coral Gables townhome project. Miami-based Pine Bay Capital is providing the financing for The George, a planned development of 13 two-story townhouses at 717 Valencia Avenue…

A win for holdouts: Appeals court sides with Biscayne 21 condo owners in battle with Two Roads tied to redevelopment

Developer wants to buy build Edition Residences, now aims to take issue to Florida’s Supreme Court Two Roads Development was dealt a major blow in its legal battle over a condo buyout in Miami’s Edgewater, where the company plans an Edition Residences luxury condo project. The Third District Court of Appeal issued an opinion in response to Two Roads’ request…

Court’s decision in Two Roads’ buyout case won’t kill all condo deals, experts say

Attorneys agree the ruling will only affect condo associations with similar language as Biscayne 21 Developers were on edge Thursday after a Florida appeals court issued its long-awaited opinion in a lawsuit over a complicated condo buyout in Miami’s Edgewater. Yet, a consensus of attorneys contacted by The Real Deal agreed that the controversial ruling won’t kill all potential buyout deals…

Lease roundup: EV showroom, Japanese eatery Uchibā opening at Mary Brickell Village in Miami

Also, a law firm will move its HQ to BH Group and Pebb Enterprises’ Boca Raton project Kimco Realty scored four new tenants at its Mary Brickell Village retail center in Miami. In the biggest lease, Irvine, California-based electric vehicle company Rivian will open a 4,000-square-foot showroom this summer, according to a news release from Mary Brickell Village and Kimco.

Yamal Yidios’ Ytech proposes 113-unit condo tower in Brickell 

Developer paid $12M for site in 2021, also purchasing development rights that could have allowed up to 80 stories Developer Yamal Yidios proposes a 54-story, 113-unit condo tower in Brickell. Yidios’ Brickell-based Ytech wants to build the tower on about a half-acre property at 41 and 75 Broadway, which also is listed as 41 and 75 Southwest 15th Road in Miami, according to city records.

Developers propose 140-unit apartment building ‘Rio Vista’ near Miami River 

Italo Balbi of Bricka Real Estate, and Ashley Bosch and Gaston Corradi of CB Development plan the project Developers want to build a 140-unit apartment building near the Miami River, marking a continuing flurry of multifamily project applications in South Florida. Bricka CB Development –– led by Italo Balbi, Ashley Bosch and Gaston Corradi –– wants to build the 10-story Rio Vista…

Developers Propose Rio Vista Apartments at 413 NW 3rd Street in Miami

Bricka CB Development, a joint venture between Bricka Real Estate and CB Development, has proposed Rio Vista Apartments, a 10-story multifamily project near the Miami River. The development is planned for four parcels at 413, 421, 431, and 453 NW 3rd Street, on the northern edge of the Lummus Park Historic District, near the boundary of Overtown and Downtown Miami.

Lender wins Gateway at Wynwood bankruptcy auction with $90M bid 

A10 Capital submitted the credit bid for distressed mixed-use building and adjacent bank property Gateway at Wynwood technically has a new owner, but a last-minute buyer offering to pay more could end up with the distressed Miami mixed-use building. A10 Capital, as special servicer… loan allegedly in default, won the property at 2916 North Miami Avenue in a bankruptcy auction…

Midtown Capital plans 348-unit Live Local Act tower in Miami’s Little River, amid flurry of proposals under state law

A city board will vote on the 22-story project at its July 16 meeting Midtown Capital Partners’ Alejandro Velez with a rendering of the proposed 348-unit Live Local Act project in Miami’s Little River neighborhood (Getty, Midtown Capital Partners, Corwil Architects) Midtown Capital Partners proposes a 348-unit Live Local Act tower in Miami’s Little River…

Fortune, Blue Road land $73M construction loan for EB-5-backed North Miami Beach condos

16-story, 254-unit Nexo Residences adds to packed pipeline of short-term rental-friendly projects in Miami-Dade County Edgardo Defortuna and Jorge Savloff with a rendering of Nexo Residences in North Miami Beach (Getty, Blue Road, Fortune International Group) Fortune International Group and Blue Road scored a $73.3 million construction loan for their planned Nexo…

Miami hotels looking to hometowners to fill rooms

With summer in full swing, area hotels and spas are seeing a trend in staycations as locals are looking to take advantage of Miami’s tourism industry offerings. Local, or staycation visitors are an essential part of Miami-Dade County’s tourism landscape, said Rolando Aedo, COO of Greater Miami Convention and Visitors Bureau. “Historically we know that day trippers within a 30-mile…

Miami seeks to replace aged police headquarters

Miami officials are looking for a new location for the city’s aging police headquarters as structural issues at the current downtown facility continue to worsen and concerns grow. During the July 10 city commission meeting, officials discussed the deteriorating state of the Miami Police Department headquarters and plans to eventually redevelop the site. Commissioners directed…

Plaza behind Kaseya Center on the way, three decades

After decades of dashed hopes, county commissioners are to vote to work toward a nearly three-acre public open space behind the Kaseya Center basketball arena on Biscayne Boulevard. Funding sources are unknown. A public space behind the arena where the Miami Heat plays was envisioned in the 1990s when the county approved the development agreement for the site…

Conceptual Plans For Waterfront Land Behind Kaseya Center Set For Vote

Miami-Dade commissioners are scheduled to vote on conceptual plans for a waterfront parcel in a prime downtown Miami location. The 2.7-acre parcel is located behind the arena where the Miami Heat play, Kaseya Center. It is owned by Miami-Dade County, but has been used by a Miami Heat affiliate during events. The land is needed for staging equipment and transport…

Pedestrian bridge to Freedom Park will miss opening games

Although preliminary work began two years ago on a Major League Soccer stadium next to Miami International Airport and games are due there next spring, planning for the pedestrian bridge to the stadium is still in early stages. Developers of the Inter Miami CF stadium are still trying to pin down the exact location of the bridge that they must provide and are still seeking government funds…

22-Story Live Local Act Tower Proposed for 7501 and 7553 NE 2nd Avenue in Little River

A 22-story residential tower is being proposed for 7501 and 7553 NE 2nd Avenue in Miami’s Little River neighborhood. Filed under the Live Local Act, the project is being developed by Midtown Capital Partners under the NE 2 LR, LLC, and designed by Coral Gables-based Corwil Architects. The site comprises two parcels totaling 57,642 square feet, or approximately 1.32 acres…

Ytech Submits Plans to UDRB for 54-Story ‘Seven Broadway’ in Brickell

Ytech has submitted plans for Seven Broadway, a 54-story luxury residential tower designed by Kohn Pedersen Fox (KPF), to Miami’s Urban Development Review Board. The proposed development will be situated on a 16,647-square-foot site located at 41 and 75 SW 15th Road in the Brickell neighborhood. The lot has frontages along SW 15th Road (Broadway) and SW 14th Terrace…

Aria Reserve’s Second Tower Tops Off At 62 Stories: ‘Record Construction Timeline’

Aria Reserve’s 62-story North Tower has topped off. In a statement, developer Melo Group said the dual-tower Aria Reserve has had a “record construction timeline.” Groundbreaking for the North Tower took place in October 2023, with a foundation pour in August 2024. The development also includes the first Edgewater luxury condo building to launch and reach completion…

Plans Filed For 375 Apartments In Overtown, Near Metrorail

Plans have been submitted to Miami-Dade for a complex with hundreds of new apartments in Overtown. The Administrative Site Plan Review filing comes two months after a pre-application had been filed, and adds new renderings. The mixed-use development is planned as a Live Local project with both workforce and affordable housing, and is also transit-oriented…

Temporary Cranes Approved For Citadel 1040′ Supertall Site In Brickell

The Federal Aviation Administration has issued a determination approving construction cranes at the Citadel site in Brickell. Citadel is planning a 1,040-foot supertall tower that company founder Ken Griffin has said will be “one of the greatest office buildings built in the world.” According to the July 10 FAA determination letter, the three proposed cranes can rise 1,049 feet…

26-Story Apartment Building `The Perrin` Breaks Ground In Brickell

In Brickell, developer Empira held a groundbreaking ceremony for a new 26-story class-A multifamily tower called The Perrin. The Perrin becomes one of a few multifamily projects to break ground in Brickell in recent years, and will have 310 apartments upon completion. It is also the second development in the downtown Miami area by Empira.

Brutalist Pan Am Building at Miami International Airport Being Restored Into Private Terminal

Miami-Dade broke ground last week on a restoration project of the former Pan Am building at the airport, which will see it transformed into a private terminal. It will allow passengers who pay an extra fee to skip the crowds and security checks of the public terminals at Miami International Airport entirely. Passengers will still be able to board commercial flights…

In Under 6 Years, All Terminals At MIA Will Be Expanded Or Rebuilt

Miami-Dade Aviation Director Ralph Cutié has revealed expected completion dates for construction projects that will transform Miami International Airport over the next few years, on the Day in Miami podcast. The expected completion for all of the major project are in less than 6 years. Every terminal at MIA will be rebuilt or expanded by then. Here’s when the expected…

Q&A: It’s Always Sunny in South Florida’s Office Market

“Smaller, move-in-ready spaces are well positioned to meet current market demands. We sometimes forget, but small businesses constitute the largest segment of private-sector employers in the U.S.,” says NAI Merin Hunter Codman Inc. COO Matt Brown. Image courtesy of NAI Merin Hunter Codman Inc. South Florida’s office market has emerged as a study in contrasts…

Notable Retail Leases Signed in South Florida Q2 2025

We’ve compiled a comprehensive list of the top retail leases signed by square footage in South Florida during 2023. This past quarter was busy overall, and there were a few big box leases signed and sealed. Despite the sentiment that the traditional retail market is taking a hit due to several factors, particularly e-commerce and several retail store closures nationwide…

Photos: Flagler Street Demolition In Downtown Miami

Photos by Phillip Pessar show demolition work last week on Flagler Street in downtown Miami. A report last year said that five buildings might be demolished and replaced by a temporary public park, which would be around 71,400 square feet. The temporary park would be known as Flagler Plaza.

L&L Holding, Oak Row Equities Secure 75,000 SF Office Lease Expansion with Amazon in Miami

L&L Holding Co. and Oak Row Equities have secured a lease expansion with Amazon at Wynwood Plaza, a 1 million-square-foot mixed-used development located within Miami’s Wynwood Arts & Entertainment District. The lease expansion — which will total more than 75,000 square feet — builds on Amazon’s original agreement in January to lease 50,333 square feet at the campus.

Amazon Expands Footprint at Wynwood Plaza to Over 75,000 Square Feet

L&L Holding Company and Oak Row Equities, along with project partner Shorenstein Investment Advisers and co-investor Claure Group, have announced an expansion of Amazon’s lease at Wynwood Plaza in Miami’s Wynwood Arts District. The tech giant will now occupy more than 75,000 square feet at the 12-story office tower, which is nearing completion.

Amazon Expands Miami Office Footprint

The 266,000-square-foot office building is set to come online in the following months. Image courtesy of Shoootin Amazon will expand its office footprint to 75,000 square feet at Wynwood Plaza, a 1 million-square-foot mixed-use development within Miami’s Wynwood Arts District. A venture between L&L Holding Co. and Oak Row Equities owns the campus.

Amazon’s Offices At Wynwood Plaza Will Now Be 50% Larger; TCO Issued

The Wynwood office building where Amazon will be located has just reached substantial completion, and the company is expanding the amount of space it is taking. Miami’s Building Department recently issued a Temporary Certificate of Occupancy for the building, according to its developers. The developers also announced that Amazon has agreed to increase its office size…

Codina Partners Breaks Ground on South Florida Multifamily Community ‘Sevilla,’ Secures $100M Construction Loan

Codina Partners has broken ground on Sevilla, a seven-story, 412-unit apartment property within the 250-acre Downtown Doral mixed-use development in metro Miami. Additionally, Codina Partners has secured a $100 million construction loan from Regions Bank and Ocean Bank. Regions Bank will fund 65 percent of the loan, while Ocean Bank is providing the remaining 35 percent.

Archaeological Discovery Surfaces at 1809 Brickell Avenue During Construction of St. Regis Residences

A previously undocumented indigenous settlement and burial site, believed to date back approximately 3,500 years, was uncovered during construction at 1809 Brickell Avenue, according to a recent article by the Miami Herald. The site lies beneath the future St. Regis Residences, a luxury condominium tower by Related Group and Integra Investments…

Developer Proposes Second Phase of Culmer Place at 800 NW 5th Avenue in Miami

Miami-based Atlantic Pacific Cos. has plans for the second phase of Culmer Place, the first phase of which broke ground last spring. The addition would feature a seven-story building with 375 mixed-income apartments and span about 270,000 square feet of new construction. Homes would run from studio to three-bedroom layout plans; 300 homes would be designated…

Atlantic Pacific proposes 71-unit affordable housing project on Liberty City’s Carver Theater site

All apartments will be for households earning up to 80% of AMI Atlantic Pacific Companies plans to redevelop the long-closed Carver Theater in Liberty City with a 71-unit affordable housing project. The Miami-based company plans the 11-story Lofts at Carver Theater building on the half-acre site at 6016 Northwest Seventh Avenue in Miami…

Dade To Vote On Development Agreement With Related For 628 New Apartments

Miami-Dade’s commission is scheduled to vote on an agreement with Related Urban Development Group for a new housing complex. The deal would see the Claude Pepper Tower Public Housing Site redeveloped, including replacing 166 housing units. Previous residents have already signed a Tenant Relocation Agreement and have the right to return once the new building is complete.

Design Revealed For Four Towers At The Former Miami Herald Site

Renderings and details of a plan to build four towers on the prominent Miami Herald site in downtown Miami have been uploaded to social media by an architecture firm. The plans were prepared by Gómez Platero Architecture & Urbanism of Uruguay. They date to 2021, according to Global Design News. It isn’t clear who they were prepared for. The property is currently…

Miki Naftali Shrugs At South Florida Boom Talk After Mamdani Win

On the couch of the sales gallery for his first South Florida project, Naftali Group CEO and founder Miki Naftali said talk of another wave of wealth migration from New York to Miami, spurred on by Democratic Socialist Zohran Mamdani’s mayoral primary win in NYC, is overblown. “I think that those are just stories,” Naftali said. “New York is booming. First of all, I don’t think…

Work Underway At ‘Signature’ $345M Royal Caribbean Terminal at PortMiami

Demolition is now underway at PortMiami to make way for a new signature cruise terminal for Royal Caribbean. The old Terminal G is being demolished to make way for the new complex. The new Terminal G will serve Royal Caribbean and its other brands, including Celebrity Cruises. It will able able to accommodate up to 7,000 passengers, and Icon-class ships.

Casa Bella Residences in Downtown Miami Tops Off At 56 Stories

A topping off ceremony was held yesterday for Casa Bella Residences by B&B Italia. The downtown Miami luxury condo tower topped off at 56 stories. According to an earlier FAA filing, the building is planned to have a permanent height of around 638 feet above ground, or 648 feet above sea level. There will be 319 residential condo units in the completed building…

‘Confident, Contemporary’ Little River Live Local Tower Submitted To UDRB With 348 Units

A developer has submitted plans for a live local tower in Little River to Miami’s Urban Development Review Board. In a letter, the architect preparing the plans said the new building would be a “confident, contemporary intervention” in the neighborhood. The new tower is planned to rise 22 stories, or around 235 feet above ground, and include: 348 residential units…

Turner Impact Capital Sues Akerman For Malpractice Over $45M ‘Mistake’

A subsidiary of a $2B impact investment firm claims real estate law firm Akerman LLP botched the drafting of a lease agreement that allowed a healthcare tenant to terminate seven leases and avoid paying tens of millions in termination fees. Turner Healthcare Facilities Fund filed a $45M malpractice lawsuit Monday in Miami-Dade Circuit Court against Akerman…

Miami Office Market Takes Step Back As Demand Wanes

After 2025 started with the best quarter for Miami office leasing since 2023, the market didn’t sustain that momentum. The slowdown is a return to the slower demand that made 2024 a sluggish leasing year. The wave of corporate migration that happened during the pandemic has continued to ebb, office brokers and analysts said. “National relocations to South Florida…”

Class A Properties Drive 10% Office Rent Growth in Miami

Office rents are experiencing explosive growth in Miami. A second quarter report from CBRE found that the prices in the market rose by 9.7 percent year-over-year to $64.36 per square foot. This marks the third consecutive quarter where rents have increased by roughly $5 per square foot. “In terms of rent growth Airport/Doral stood out with Class A rates rising 1,150 bps…”

MIA and PortMiami generate $242.8 billion in economic impact

Miami-Dade County Mayor Daniella Levine Cava announced Friday that Miami International Airport and PortMiami broke records in revenue, collecting more than $242 billion and supporting nearly 1.2 million jobs. The announcement was made at the annual State of the Ports luncheon, hosted by the World Trade Center Miami and attended by more than 500 business…

Back to work: New office space embraced in Coconut Grove

When Rebeka Ramos read the new lease terms for her company’s offices in Coconut Grove, she was outraged by what she called an “astronomical” rent increase. “Overnight, the rate went from $42 to $75 a square foot – up roughly 79%,” she said. The new terms for the office space near Oak Avenue and Mary Street, proposed last year, not only angered Ramos, but surprised her, too.

Miami Developer Esteban Merlo Transforms Urban Landscapes Through Strategic Real Estate Innovation

Esteban Eduardo Merlo Hidalgo, CEO of Esteban Merlo Development & Consulting, is a Miami-based real estate developer whose international career has positioned him as a leading figure in urban innovation, sustainability, and strategic development. His approach goes beyond construction–he is redefining how cities evolve.

Financing Secured for ‘the Residences at Beverly Park’ at 6017 Washington Street in Hollywood

NuRock Co. is one step closer to completing the Residences at Beverly Park, an affordable housing development in Hollywood, Florida. The 10-story venture is set to comprise 115 apartments: 16 one-bedroom units, 69 two-bedroom units, and 30 three-bedroom units. According to the South Florida Business Journal, the residences will span 650 to 1,023 square feet.

Memorial Regional Hospital Moves Forward with $670 Million Expansion in Hollywood

Memorial Regional Hospital in Hollywood, Florida is moving forward with a major $670 million expansion centered on the construction of a new Surgical and Patient Bed Tower. The development is designed to enhance patient care, accommodate growing demand, and expand the hospital’s capacity with the addition of 150 acuity-adaptable beds….

Longpoint picks up grocery-anchored shopping center in Miramar for $34M

Boston-based firm added Miramar Parkway Plaza to its South Florida portfolio Longpoint dropped $34 million for a grocery-anchored shopping center in Miramar. An affiliate of Boston-based Longpoint, led by Dwight Angelini, acquired Miramar Parkway Plaza, a 167,840-square-foot retail complex anchored by Presidente Supermarket, at 3176 South University Drive…

Moderno Refis Rivr Lofts Luxury High-Rise in Fort Lauderdale

Moderno Development Group has closed on a $117 million three-year, floating-rate refinancing loan for Rivr Lofts, its newly completed 352-unit luxury high-rise in downtown Fort Lauderdale, Fla. The loan was arranged by JLL Capital Markets. The 29-story Class A multifamily property is located at 307 SW 5th St. in Fort Lauderdale’s Tarpon River Entertainment & Design District.

Group P6 and Mill Creek score approval for 306-unit multifamily project in Boca Raton

Construction of the 12-story building is expected to start in January Mill Creek Residential’s William C. MacDonald and Group P6’s Ignacio Diaz with a rendering of the Modera Boca project (Getty, Mill Creek Residential, Group P6, Corwil Architects) Group P6 and Mill Creek Residential scored final approval for a 306-unit apartment building in downtown Boca Raton…

‘Alexan Boca’ Proposed for 790 Park of Commerce Boulevard in Boca Raton

A Boca Raton-based developer hopes to move forward with a multi-family development in its namesake city. Alexan Boca would span 293,182 square feet of new construction, measuring seven stories above grade. The project would feature 298 one-bedroom to three-bedroom apartments, with the average residence measuring about 985 square feet.

Judge approves Grant Cardone, Penn-Florida $235M 101 Via Mizner purchase

JV may convert 366-unit Boca Raton multifamily project into condos Grant Cardone, a crowdfunding multifamily syndicator, is one step closer to getting into the condo selling business. On Thursday, U.S. Bankruptcy Judge Erik P. Kimball approved the $235 million sale of 101 Via Mizner in Boca Raton to a joint venture between the current owner, Penn-Florida Companies…

Kolter plans 386-unit Live Local multifamily project in Delray Beach

Kolter Group CEO Bobby Julien with renderings of Alton Delray (Getty, Kolter Group) Kolter Group is seeking streamlined approval of Alton Delray, a 386-unit multifamily development with a workforce housing component, under the state’s Live Local Act. Kolter, led by CEO Bobby Julien, plans to charge below-market rents for 154 workforce housing units…

Townhome Development ‘Hibiscus Gardens’ Proposed for 6295 S Military Trail in Greenacres

A South Florida-based developer hopes to get approval for a for-sale townhome complex in Palm Beach County. Hibiscus Gardens would comprise 48 townhomes in nine buildings. The venture would offer 100 parking spots (averaging to about two per unit) and feature five workforce housing units. According to Palm Beach County records, workforce housing is defined…

O’Connor Capital expands Palm Beach County portfolio with $29M shopping center purchase

New York-based firm bought Delray Corner, anchored by CVS O’Connor Capital Partners boosted its Palm Beach County portfolio, paying $28.8 million for a Delray Beach shopping center anchored by Michael’s and a CVS store on an outparcel. An affiliate of New York-based O’Connor Capital, led by CEO Bill O’Connor, acquired Delray Corner at 14802 South Military Trail…

Distribution of Sales Prices Nationally of Big Box Drugstore Property Sales

Distribution of sales prices of 10-20k sf drugstores for single tenancy, USA, year ending 7/15/25. Data courtesy of CoStar Group. The question of market value arises with single tenant big box drugstore properties, particularly where the property is vacant or soon to be vacant. To get at this, we first queried Costar for sales in the prior year for the entire USA of 10-20k sf…

Navigating interest rate uncertainty

The Federal Open Market Committee (FOMC) kept the target range for the federal funds rate at 4.25% to 4.50% at its June meeting. Rates have held steady in 2025, following 100 basis points of rate cuts 2024 and a series of rate hikes in 2022 and 2023. “Interest rates have experienced some volatility year to date, as expectations for growth and inflation have shifted a few…

Beige Book: Southeast Economy Little Changed amid Uncertainty

Generally speaking, the economy of the Southeast from mid-May through June continued in a holding pattern amid ongoing uncertainty, according to the new Beige Book report from the Federal Reserve Bank of Atlanta. The Federal Reserve has a dual mandate established by Congress to foster price stability and maximum employment. The situation on the price stability side…

Updated Forecast Amid Declining Supply and Increasing Economic Uncertainty

The 2nd quarter 2025 brought a fresh round of uncertainty to the U.S. economy, largely driven by external developments. In early April, the administration announced a series of reciprocal tariffs on several major trading partners. The move triggered a sharp selloff in equity markets and added new pressure on an already cautious Federal Reserve. While Chair Jerome Powell…

Real Estate Investment In The Era Of Trade, Tariff Changes: Challenges And Opportunities

New tariffs are influencing global real estate investment strategies as investors reevaluate their capital deployment across different locations. The growing protectionist nature of trade policies and their reduced predictability now affect areas extending well beyond traditional manufacturing and shipping zones. Investors must understand that real estate asset demand patterns…

Video: Inside the Estate Battle of the Late Jimmy Buffett; A Lesson on Wealth Transition for CRE Owners and Otherwise

“Wastin’ away again in” Litigataville… The world of Margaritaville, an empire built on the sunny, laid-back ethos of the late Jimmy Buffett, has recently been clouded by an intensifying legal battle over his estimated $275 million estate. The dispute is between the iconic singer’s widow, Jane Buffett, and his longtime accountant, Rick Mozenter, who serve as co-trustees of the marital trust.

JP Morgan 2025 commercial real estate midyear outlook

A lot has changed for commercial real estate since the beginning of the year. One thing remains the same: economic uncertainty. “By some measures, there’s more uncertainty today than at any point in the last three to four decades,” said Victor Calanog, global head of research and strategy, Real Estate Private Markets at Manulife Investment Management.

Is your city a winner or loser in the return-to-office race? Capital Economics breaks it down

We’ve gradually seen more people return to the office since the remote-work norm of the pandemic, and now the winning and losing cities are becoming clearer. Capital Economics tackled the issue of commercial real estate in its U.S. Office Metros Outlook and found that 2025 will bring further pain for office values across all major metros, but a sharp regional divide is set…

Video: How a Hong Kong Dynasty Was Hit by China’s Property Crisis

In the heart of Hong Kong’s bustling cityscape, an ancient Chinese proverb, 富不過三代, whispers a warning that wealth does not pass beyond three generations. An enduring testament to this cautionary tale can be seen in the current trials and tribulations of one of Hong Kong’s four dominant property dynasties, New World Development. In the throes of a looming crisis…

US Office market continues heating up as deals hit $40B 

US market trending positively as vacancy drops for fourth straight quarter (Photo Illustration by Steven Dilakian for The Real Deal with Getty) The U.S. office market posted its fourth consecutive quarterly decline in vacancy rates, signaling strong recovery momentum. Vacancy fell to 23.2 percent in the second quarter, dropping 15 basis points from the prior quarter…

Florida Sales Tax on Commercial Leases Eliminated Effective October 1st

Starting October 1, 2025, Florida will eliminate the sales tax on commercial real estate leases, marking a significant change for landlords and tenants alike. This repeal applies not only to the state-level sales tax but also to the local discretionary surtaxes that have historically added up to 1.5% in many counties. With this move, Florida becomes the only state in the nation…