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

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

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

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

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

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

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

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

Meta Development launches sales for boutique Brickell condo project

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

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

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

Bankruptcy court approves Terra’s Miami Seaquarium takeover

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

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

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

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

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

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

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

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

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

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

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

Miami board approves two major projects in Midtown and Edgewater

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

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

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

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

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

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

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

Miami Office Sales Volume Declines, Pipeline Holds Steady

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

Green Light for $2B Miami Mixed-Use Project

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

$2B Master Plan Approved For Midtown Miami

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

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

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

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

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

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

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

3Q25 Miami-Dade County Retail Market Report

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

3Q25 Miami-Dade County Office Market Report

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

3Q25 Miami-Dade County Office Market Report

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

3Q25 Miami-Dade County Industrial Market Report

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

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

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

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

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

Will Downtown Miami Height Limit Be Broken?

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

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

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

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

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

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

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

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

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

Miami’s UDRB Approves 55-Story Tower For Overtown

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

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

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

Connect Spot Breaks Ground In Downtown Miami

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

Miami Industrial Rents Increase For Fifth Straight Month

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

‘World-Class’ Tech Tower Breaks Ground In Sweetwater

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

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

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

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

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

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

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

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

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

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

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

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

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

Terra Completes Centro City Residences In West Miami-Dade

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

Pulte buys Margate site with plans for more than 130 townhomes

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

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

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

Fort Lauderdale approves waterfront Live Local Act redevelopment

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

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

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

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

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

3Q25 Broward County Retail Market Report

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

3Q25 Broward County Office Market Report

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

3Q25 Broward County Industrial Market Report

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

All Star Recruiting Locums, Cinch Home Services, more | Boca Raton Boca Raton Innovation Campus, or BRiC, inked more than 260,000 square feet worth of leases, including new deals and renewals. In the new deals, All Star Recruiting Locums, a health care staffing firm, leased 42,700 square feet; and home warranty provider Cinch Home Services leased 32,900 square feet…

Can a university from Tennessee help accelerate growth in West Palm Beach?

At a dinner in San Francisco this year, an attendee suggested to Daniel Diermeier, the chancellor of Vanderbilt University, that the Nashville institution founded 150 years ago should build a campus in the Bay Area. The proposal wasn’t completely out of left field: Vanderbilt was already designing a new campus in West Palm Beach, Florida, entering a 99-year lease…

3Q25 Palm Beach County Retail Market Report

The Palm Beach County retail market displayed significant fortitude in the third quarter of 2025, largely overcoming broader market softness. The limited new construction deliveries of recent quarters bolstered performance, allowing the market to accumulate a substantial 165,944 square feet of positive net absorption. This strong demand pushed the vacancy rate down 20…

3Q25 Palm Beach County Office Market Report

Palm Beach County’s office market cooled in Q3 2025, with 46,051 square feet of negative net absorption bringing year-to-date absorption to negative 126,183 square feet, reversing the prior quarter’s brief uptick. No new office product was delivered this quarter, and none is expected for the rest of the year. Still, construction continues, with 1.3 million square…

3Q25 Palm Beach County Industrial Market Report

Palm Beach County’s industrial market displayed resilience in Q3 2025, driven by a total of 740,853 square feet of robust leasing activity. Additionally, an accumulation of positive net absorption brings the year-to-date total to 31,318 square feet, a noteworthy achievement given the year’s significant influx of 872,617 square feet of new construction. Despite…

Wave of New Residential Development Takes Shape Across West Palm Beach

West Palm Beach’s skyline is experiencing a period of remarkable expansion, driven by a series of new high-end residential projects along the Intracoastal Waterway and downtown corridors. Once known primarily for its proximity to Palm Beach, the city has evolved into a major destination for design-forward condominium development led by some of South Florida’s most…

Commercial real estate is finally embracing blockchain. Here’s what investors should know

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

Industrial Finds Its Footing as Demand Surges and Supply Cools

Industrial demand surged in Q3 2025, signaling renewed momentum and a market approaching equilibrium. Net absorption climbed to 60M SF — the highest level since early 2023 — nearly matching new supply. Vacancy inched up just four basis points to 7.4%, suggesting it may be nearing its cyclical peak. Meanwhile, new construction continued to cool, with the pipeline…

Prologis Sees Industrial Real Estate Entering A New Growth Cycle

Evolving supply chain strategies are now driving industrial real estate demand. Reshoring, nearshoring, and shifts in trade and energy policies are restructuring logistics networks across key U.S. markets. The post Prologis Sees Industrial Real Estate Entering A New Growth Cycle appeared first on Miami Airport Warehouses.

Video: Office Market Contrarian Investing with KPG Funds Co-Founder & CIO Rod Kritsberg

The Current Landscape of the Office Sector: A Tale of Contrarian Opportunities In a recent episode of America’s Commercial Real Estate Show, an illuminating conversation unfolded between the show’s host and Rod Kritsburg, co-founder and CIO of KPG Funds. The discussion centered on the prevailing state of the office real estate sector, a segment beleaguered by the…

Live Local Act scorecard: 3K units completed, another 42K in the pipeline

When Florida lawmakers first approved the Live Local Act in 2023 in an effort to alleviate the affordable housing crisis, developers rushed to seize on its incentives and filed a slew of project applications. Since then, they’ve completed nearly 3,200 below-market rental units in 23 projects across the state, according to a Florida TaxWatch, a nonpartisan and…

Crescent Heights scores $238M refi for luxury 588-unit apartment tower in Edgewater

Crescent Heights scored a $238.4 million refinancing for the luxury 588-unit Forma Miami apartment tower in Edgewater. The deal marks a continuing lending flurry in South Florida, despite elevated interest rates. Crescent Heights –– led by Russell Galbut, Sonny Kahn and Bruce Menin –– completed the 40-story Forma at 2900 Biscayne Boulevard in Miami last year…

Judge temporarily blocks downtown Miami land deal for Trump library

A judge temporarily halted the planned transfer of a valuable downtown Miami parcel slated for President Donald Trump’s future presidential library, intervening in a high-profile land deal involving public property. Miami-Dade Circuit Judge Mavel Ruiz issued the temporary injunction on Tuesday, the Associated Press reported.

Related Group CEO: A Live-Work-Play Hub in Wynwood, Miami’s Creative Core

For nearly five decades, Related Group has played a major role in shaping Miami’s skyline and residential market. In Wynwood, the developer is extending its reach with projects that respond to the neighborhood’s creative energy and to the evolving expectations of today’s renters. CEO Jon Paul Pérez oversaw the company’s entry into the district years ago…

56-Story Miami Tower Designed by Kobi Karp Planned for Overtown

A developer is floating a plan to erect the tallest building in the history of Overtown, Miami’s historically Black neighborhood. The Miami Beach-based David Om, LLC, which is managed by Alan Omsky, the founder of the “Asian-inspired” Kyu (pronounced “cue”) restaurants, has pitched the idea to build a 56-story tower at the northwest corner of NW 2nd Avenue…

What is driving South Florida’s commercial real estate market this year?

The South Florida housing market may be uneasy, but the regional commercial real estate market is on its best pace in three years. The pace of sales of commercial buildings in the industry’s four major categories grew over the first three quarters of the year compared to the same time period last year. Despite persistent concerns about the value of office buildings…

PortMiami faces crisis after fuel facility was sold to investment firm

PortMiami — one of the main revenue drivers for Miami-Dade County — faces a potentially existential threat: the absence of a place to store its fuel. Miami-Dade Commissioners on Thursday directed the county administration to look for any possible locations to build a fuel facility at the port after the county’s existing fuel depot was sold off just last month…

Drive to preserve PortMiami fuel given a legal stick

Facing the economic disaster of a pending loss of PortMiami’s sole fueling site, county commissioners last week authorized taking the present site on Fisher Island by eminent domain if pending mediation with the land’s new owner hits an impasse. Talks are to begin Oct. 20. After commissioners debated in September whether to order eminent domain before…

Miami Office Leasing Has Already Matched 2024’s Total, But Rent Growth Is Slowing

There was no time for brokers to take a dip in the pool or a trip to the spa this summer as office leasing jumped going into the second half of the year. There were 502K SF of office leases signed in Miami during July, August and September, up more than 200K SF from the second quarter, according to a CBRE report. On the year, office leasing activity has…

Distress call: Office rents tumble in Miami-Dade and Palm Beach counties in third quarter

A slumping South Florida office market has some landlords and developers seeking exit strategies. Asking rents tumbled in Miami-Dade and Palm Beach counties in the third quarter, as demand for office space plateaued compared to the same period of last year, a JLL report shows. Meanwhile, a handful of distressed properties traded, as some owners sought to cut their…

Brickell developer rebrands condo-hotel project

Developer Robert Thorne is rebranding his planned condo-hotel in Miami’s Brickell neighborhood and offering agents higher commissions, The Real Deal has learned. Thorne’s Miami-based Urban Network Capital Group is partnering with the Spanish hotel chain Meliá Hotels International for the 110-unit development planned for 1120 Southwest Third Avenue, he said…

Moishe Mana on hook for $6M-plus payment to Miami-Dade over decade-old land swap

Developer Moishe Mana could be on the hook for $6.6 million to Miami-Dade County tied to a decade-old land swap deal. Mana, who is considered the biggest landlord in downtown Miami and Wynwood, had made a deal with Miami-Dade to trade properties in Wynwood, and he was supposed to develop a Puerto Rican community center and other facilities on one of the lots. But the…

Retreat! Justin Rundle backs off fraud allegations against Canero principals

Justin Rundle is rescinding his accusations that his ex-business partners, the father-and-son team that leads Canero Group, allegedly committed fraud and misappropriated project funds in connection with six developments in Miami-Dade County. On Sept. 19, Rundle, son of Miami-Dade State Attorney Katherine Rundle, voluntarily dismissed his lawsuit against Jose Canero Sr…

Developers plan Live Local Act towers in Wynwood Norte, Overtown with nearly 800 units total

A pair of developers propose two separate Live Local Act projects in Miami with 791 units combined, continuing the flurry of applications under the state’s workforce housing law. In the Wynwood Norte neighborhood, Alexis Bogomolni’s ABH Developer Group wants to build the 36-story, 293-unit Wyn Park at 3311 and 3327 Northwest Second Avenue, 169 Northwest 33rd…

Lease roundup: Monarch Athletic Club coming to Rivani South Beach project

A gym and wellness club will open its first outpost outside of Los Angeles at The Rivani mixed-use building in South Beach. Monarch Athletic Club leased 8,000 square feet at Robert Rivani’s The Rivani building at 1691 Michigan Avenue in Miami Beach, where the tenant is expected to open next year, according to the landlord’s news release. Monarch, co-founded by Dr…

Billionaire Ken Griffin proposes private megayacht marina on Miami Beach’s Terminal Island

Billionaire Ken Griffin, who owns well over $1 billion of South Florida residential and commercial real estate, wants to open a private megayacht marina in Miami Beach. Griffin, through an affiliate, filed a proposal for a 30,000-plus-square-foot marina with four buildings at 120 MacArthur Causeway, a 3.7-acre site on the tip of Terminal Island. The facility will be…

Cofe beefs up South Florida industrial portfolio with $27M acquisition near Medley

Cofe Properties expanded its Miami-Dade industrial portfolio, purchasing two warehouse complexes in northwest Miami-Dade County for $26.8 million. An affiliate of Miami-based Cofe, led by Eugenio Cosculluela and Mario Fernandez, acquired Milam Dairy Commerce Center I and II at 6700 Northwest 72nd Avenue and 7205 Northwest 68th Street near Medley, according to the…

Hamilton plans office-to-industrial conversion in northwest Miami-Dade after $20M buy

In a sign of a lagging suburban office market in Miami-Dade County, Hamilton Development is planning to redevelop two distressed buildings into a pair of warehouses. An affiliate of Nashville-based Hamilton, led by Whitfield Hamilton, paid $20.4 million for an office building in the Flagler Station business park near Doral via a deed-in-lieu of foreclosure…

Plans Filed With Miami’s Urban Development Review Board For Midtown Park At 3055 North Miami Avenue Miami

Rosso Development and Midtown Development, under the RM MP DEV VENTURE LLC, have filed plans with the City of Miami’s Urban Development Review Board for Midtown Park, a multi-tower mixed-use development set to rise across two phases at 3055 North Miami Avenue in Miami’s Midtown neighborhood. Encompassing approximately 1.17 million square feet, the proposal reveals…

Signature downtown Miami Bridge, double-decked 836 advance

The massive elevated roadbed of what is evolving into the new I-395 freeway is carving a dramatic course through the heart of downtown Miami. The Florida Department of Transportation (FDOT) reports progress on all three corridors of the sprawling I-395/SR 836/I-95 design-build project. Project completion is targeted for late 2029. This massive undertaking is the…

Vast American Dream Miami given boost via new area roads

Restrictions on funding for local roads in Northwest Miami-Dade that could benefit a long-awaited American Dream Miami mall were lifted last week as county commissioners were told the roads will permit pending state highway construction. The Florida Department of Transportation and the governor’s office are interested in doing significant work along I-75…

$30M Refinancing for Palmetto Industrial Park in Miami Secured

JLL Capital Markets has secured $30 million in refinancing for Palmetto Industrial Park, a six-building, shallow-bay portfolio located at 6801-7500 N.W. 77th Ave. in Miami. Melissa Rose, Jovi Rodriguez and Duncan Miller of JLL arranged the three-year, fixed-rate loan through an unnamed bank on behalf of the borrower, a joint venture between East Capital Partners and…

47-Story Tower At 3350 Biscayne Boulevard Heads To Miami’s Urban Development Review Board

Another residential tower designed under Florida’s Live Local Act is moving forward in Miami, this time in the Edgewater neighborhood. Tulip Developments Group’s planned 47-story high-rise at 3350 Biscayne Boulevard is scheduled for review by the city’s Urban Development Review Board on October 15. The project marks another Live Local Act tower with Kobi Karp…

$57.5M Financing Arranged for Publix-Anchored Shopping Centers in Miami Gardens & Tamarac

JLL Capital Markets has arranged a combined $57.5 million in financing for two Publix-anchored shopping centers in South Florida. Matt Casey, Paul Adams, Hunter Rich and Aaliyah St. Louis of JLL’s Debt Advisory team arranged the loans through Synovus Bank on behalf of the borrower, Atlanta-based Jamestown. The first property, Country Club Plaza in Miami Gardens…

$26.8M Sale of Industrial Complex in Miami Brokered

The Keyes Co. has brokered the $26.8 million sale of Milam Dairy Commerce Center I & II, a two-property industrial complex located in Miami. Milam Dairy Commerce Center I & II, which is situated at 6700 N.W. 72nd Ave. and 7205 N.W. 68th St., totals approximately 110,000 square feet across seven buildings. Tony Ulloa and Marcos Macias of Keyes Co. brokered the…

Coconut Grove Village Council Election Canceled for Lack of Candidates

A long-planned reboot of the Coconut Grove Village Council has suffered a setback after existing members failed to attract enough candidates to fill its vacancies. With only seven people declaring their candidacy for the council’s nine seats by the Sept. 12 deadline, the November election has been canceled, an official from the City of Miami Clerk’s Office has…

31-Story Tower with Workforce Housing Proposed for 824 Alton Road in Miami Beach

An affiliate of developer Crescent Heights intends to move forward with a high-rise tower with workforce housing in Miami Beach. The venture would measure 31 stories above grade and comprise 120 residences, 48 of which would be designated as workforce housing. Residency would be reserved for tenants earning at or below 120 percent of the area median income (AMI)…

Housing Trust Group advances all-affordable apartment development in Hollywood

Housing Trust Group won approval from the city of Hollywood for Hillcrest Village, an all-affordable, eight-story apartment development with 110 units in the city’s Hillcrest area. The Hollywood City Commission voted unanimously last week to rezone the Hillcrest Village development site, approve the proposed site plan, and modify a master plan for the planned…

Kushner advances development of 470-unit multifamily building and synagogue in Hollywood

Kushner Companies advanced a plan to develop a 470-unit multifamily building and a synagogue near the Seminole Hard Rock Hotel and Casino in Hollywood. The Hollywood City Commission last week approved a rezoning and a site plan for the development, which also would entail conversion of a historic house to a library. New York City-based Kushner, founded by Charles…

Fort Lauderdale’s Affiliated launches $250M fund for mixed-income multifamily projects

Affiliated Development is looking to raise $250 million to provide equity capital for mixed-income multifamily projects across Florida. Fort Lauderdale-based Affiliated, led by Nick Rojo and Jeff Burns, recently completed its initial round of capital fundraising, securing $50 million in commitments from municipal police and fire pension plans, a press release states…

Midtown Capital advances plan under Live Local for 300-unit apartment building in Plantation

Midtown Capital Partners advanced its plan to build 300 apartments, including 60 affordable housing units, on a parking lot at a Plantation office park, under the state’s Live Local Act. The Plantation City Council on Wednesday unanimously approved a site plan for the six-story multifamily development on a parking lot that has an industrial land use designation and…

13-Story ‘Opus at 701’ Proposed for 632 and 701 Bayshore Drive in Fort Lauderdale

New York-based CNB Contracting has plans for a high-rise residential building along Fort Lauderdale’s Intracoastal. Opus at 701 would measure 13 stories above grade and comprise 54 luxury units. Homes would feature multiple layouts, with the smallest residences featuring two bedrooms and the largest being penthouses. Floridian Development reports that the most…

‘Avery Cypress Creek’ to Offer 200 Luxury Homes at 6282 North Andrews Avenue in Fort Lauderdale

Hallandale Beach-based Meyers Accesso has plans for a multi-family housing development under the Avery banner in Fort Lauderdale. Avery Cypress Creek would comprise 200 residences, including luxury one-bedroom and two-bedroom apartments. The building would rise eight stories above grade and occupy a 2.2-acre lot that the developer purchased for $8 million. Collier…

Battle over Terra and Frisbie’s Boca Raton megaproject grows more contentious

Weeks after the Boca Raton City Council agreed to wait for a voter referendum on Terra and Frisbie Group’s proposed government campus redevelopment, the battle over the project is heating up. Local attorney Ned Kimmelman filed suit against Save Boca, the group leading opposition to the project, and its founder, Jon Pearlman, earlier this week. The suit, filed in…

Jeff Greene sues West Palm Beach to force approval for stalled condos

Billionaire developer Jeff Greene filed suit against West Palm Beach, alleging the city has improperly stalled approvals for his planned luxury condominiums. The developer said he believes Mayor Keith James is delaying the project as retaliation for Greene’s opposition to a city land deal with billionaire Steve Ross. The suit, filed this week in Palm Beach County…

Palm Beach Atlantic University And Gilbane Break Ground On 25-Story Residence Hall In West Palm Beach

Palm Beach Atlantic University and Gilbane have officially broken ground on a new 25-story residence hall that will house nearly 1,000 students. University leadership, board members, and student representatives gathered Wednesday at 1200 South Dixie Highway to celebrate the milestone, marking a major addition to the university’s growing campus in West Palm Beach…

‘Deco Northwood’ Multifamily Proposed for 2900 Broadway in West Palm Beach

A developer wants to proceed with a multi-family housing development under the Live Local Act in West Palm Beach. The project calls for an eight-story building with 167 units, 40 percent of which (about 67) would be designated as workforce housing. Palm Beach County defines workforce housing as housing available to households earning 60 to 110 percent of the area…

Turning Square Footage Into Smart Footage: How AI Is Reshaping Logistics, Industrial Property Management

The industrial logistics landscape is undergoing a dramatic transformation as property owners and tenants invest in artificial intelligence (AI) tools to make each square foot more innovative, more resilient and more responsive. In doing so, these landlords and users are setting a new industry standard for efficiency and adaptability. Over the past few years, the…

Same Stuff, Different Generation – Millennials & Gen Z Drive Storage Demand

We spend significant time talking to new investors about the fundamentals of self storage. It’s a very American product, so if we are talking to a foreign investor who has heard of self storage but never seen it or used it, we start from the basics: who uses self storage? In the US, 11% of the population utilizes self storage, and over half of those users are…

3rd Quarter Forecast Impacted by FOMC’s Recent Rate Cut and Economic Insecurity

The political uncertainty that dominated the first three quarters of the year culminated on the last day of 3rd quarter with a long-feared outcome: a government shutdown. A prolonged shutdown could significantly impact the broader economy moving forward. However, 2nd quarter delivered a surprisingly strong upside, with the U.S. economy growing at an annualized rate of…

Major real estate developers are fast becoming power brokers

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

National Retail Market Statistics | Q3 2025

National Director, Retail Services & Practice Groups Anjee leads over 500 retail professionals and 19 Speciality Practice Groups across 156 offices nationwide, providing strategic leadership in investment sales, agency, retailer representation, and asset repositioning advisory services. With 30+ years of specialized real estate experience internationally, Anjee…

Publix bags another South Florida shopping center with $72M Kendall buy

Shopping for South Florida strip malls anchored by its stores is a pleasure for Publix. An affiliate of Lakeland-based Publix, led by CEO Kevin Murphy, paid $71.9 million for Hammocks Town Center, a 207,470-square-foot shopping center anchored by a Publix supermarket at 10201 Hammock Boulevard, records show. The purchase is Publix’s latest acquisition in a buying…

Amancio Ortega Makes South Florida Largest Office Deal in 2025 With $274M Buy of Sabadell Financial Center

Zara founder Amancio Ortega has closed on a $274.4 million acquisition of office tower 1111 Brickell Avenue in Miami. The deal marks the largest in South Florida so far this year, according to a report from The Real Deal, citing records from database Vizzda. CBRE represented the sellers: Parkway and KKR, with the two originally buying the 30-story building for $248.5 million in 2018…

Amancio Ortega closes on Brickell tower for $274M –– biggest South Florida office deal this year

Spanish billionaire Amancio Ortega completed his $274.4 million purchase of Sabadell Financial Center in Brickell, marking the biggest office deal in South Florida so far this year. Ortega’s Ponte Gadea investment family office bought the 30-story tower at 1111 Brickell Avenue in Miami from New York-based KKR and Orlando-based Parkway, according to records and real estate…

Miami’s Office Visitations Outpace Gateways Including Manhattan and Dallas

Miami’s office sector is stable as more workers fill up space in the area and outpace other big cities’ markets. As of August, Miami’s office visitation rate was 75.8 percent, well above the national average of 61.3 percent. Additionally, the traffic outperformed six gateway markets, including Manhattan (72 percent), Dallas (61.8 percent), Atlanta (60.6 percent), Chicago (58.4 percent)…

Treo Scores $132M for Miami Student Housing Development

Affiliates of developer The TREO Group LLC have landed a $132 million refinancing loan for VOX I and VOX II , a two-building, 262-unit student housing development located in Miami. Ocean Bank, the largest independent, state-chartered commercial bank headquartered in Florida, provided the loan. The project was completed this summer, in time to house residents at the UM…

Treo lands $132M refi for VOX UM student housing near UM

Treo Group landed $132 million in refinancing for its student housing projects near the University of Miami’s Coral Gables campus. Miami-based Ocean Bank provided the financing for the projects, dubbed Vox I and II, according to a press release. The two-building complex at 7025 and 7175 Southwest 59th Avenue (formerly 5949 Southwest 72nd Street) in South Miami…

Treo Group Receives $132M Financing for Student Housing Community Near University of Miami

Affiliates of TREO Group have received $132 million in financing for VOX I and VOX II, a two-building student housing community located at 7025 and 7175 S.W. 59th Ave. near the University of Miami campus. Ocean Bank provided the financing for the 726-bed property. The community offers 262 units in one- through four-bedroom floorplans with bed-to-bath parity.

Merrimac, Aria Development Top Out Miami Condo Tower

The joint venture between developers Merrimac Ventures and Aria Development Group has topped out 600 Miami Worldcenter, a fully sold out, 32-story condominium tower in Miami. The project is scheduled for completion in 2026. Last year, the partnership secured a $95 million construction loan for the development. Banco Inbursa issued the note in a transaction brokered…

Miami Seaquarium is Closing After 70 Years: What to Know

After more than seven decades as a staple of Miami’s tourism scene — and following years of controversy and decline — the Miami Seaquarium is officially closing its doors this weekend. On October 6, the bankrupt theme park announced it would be selling the lease on its Virginia Key public waterfront property for $22.5 million to local developer David Martin…

Here’s what’s next for the 38-acre Miami Seaquarium site

Developer David Martin has set his sights on his next challenge, a redevelopment of the Miami Seaquarium property in Key Biscayne. An affiliate of his Coconut Grove-based firm, Terra, has a $22.5 million deal in place to take over the lease for the 38-property at 4400 Rickenbacker Causeway, which is owned by Miami-Dade County. Resilient Aquarium LLC…

Miami Seaquarium conversion rests on three pillars

After months of deliberation following its declaration of bankruptcy, the Miami Seaquarium is shutting its doors Sunday, Oct. 12, with a bankruptcy court due to decide next week whether to approve the sale of the lease to a local developer. For 70 years, South Florida residents have attended the landmark, witnessing the wildlife on display and sitting in the splash zone…

Miami’s apartment rental market cools down: Zumper Report

Miami’s infamously hot rental market appears to be cooling, with the city’s overall median rent experiencing a significant annual decline, according to the latest Zumper Rent Report for September 2025. The overall median rent for all bedroom counts and property types in Miami now stands at $3,050, an 8% decrease compared to the same time last year.

Facing Skyrocketing Bills, South Florida Condo Owners Are Now Knocking On Developers’ Doors

Condo owners across South Florida aren’t waiting for developers anymore — they’re knocking on doors themselves, asking for buyouts. A 2022 law forcing older buildings through strict recertifications has left associations drowning in repair bills and declining values. And with a Dec. 31 deadline to fully fund reserves bearing down, more owners are turning to developers as their only exit.

Miami Beach Hotel Loan Hits Special Servicing For Third Time After Default

The owner of a hotel built in South Beach nearly nine decades ago failed to pay off its CMBS loan ahead of its maturity last month, and the loan has been transferred to special servicing for a third time. The owner of the 99-room Hotel Breakwater South Beach, an entity tracing to Jordache Enterprises Inc.’s real estate arm, Nakash Holdings, defaulted on the $28M CMBS loan…

Jordache founders default on South Beach Breakwater hotel’s $28M loan, debt in special servicing

The Nakash family’s woes at its Breakwater hotel in South Beach continue, this time because of a loan default. The debt on the 100-key hotel at 940 and 960 Ocean Drive in Miami Beach entered special servicing after the Nakashes failed to pay off the loan at its maturity last month, marking the third time the financing is in special servicing, according to Morningstar Credit.

AEW, Mast Capital sell 342-unit apartment building on Miami River for $108M

AEW Capital Management and Mast Capital sold the Remi on the River apartment building on the Miami River for $108.4 million. Boston-based AEW and Coconut Grove-based Mast sold the eight-story, 342-unit property they completed last year at 999 Northwest Seventh Street in Miami, according to records and real estate database Vizzda. The buyer is Valeris Capital…

Conflict on Brickell Key: Planned $34M seawall project raises concerns over who’s paying the bill

When Emelia Arencibia moved to Brickell Key in 2016, she thought that her one-bedroom condo would mark her final home. Then, she had to cover her share of a large assessment to pay for upgrades and repairs to her building after the deadly Surfside condo collapse in 2021. Arencibia’s share of the assessment at Brickell Key Two in Miami was about $47,000…

River Oaks dives into Miami Design District with $27M retail buy

Nine months after planting a flag in South Beach, River Oaks Properties is now staking its place in the Miami Design District. An affiliate of El Paso, Texas-based River Oaks, led by President Adam Frank, paid $27 million for a retail building at 111 Northeast 40th Street, records show. The property features two storefronts leased to shoemaker Birkenstock and luggage shop Rimowa.

Developer sells 50-unit apartment complex in Miami Gardens for $19M

The developer of a 50-unit apartment complex in Miami Gardens sold the property for $18.5 million, amid an uptick in South Florida multifamily investment sales. An entity tied to Ronny Ackermann and Jose Rimsky of Hollywood sold The Villages at Miami Gardens at 3400 Northwest 191st Street, according to records and real estate database Vizzda.

Dalfen buys fully leased warehouse in Miami Lakes for $30M

Dalfen Industrial bought a fully leased warehouse in Miami Lakes for $30.1 million. Dallas-based Dalfen purchased the 192,000-square-foot building at 5770 Miami Lakes Drive from Denver-based Sagard Real Estate, according to records and real estate database Vizzda. The one-story building was completed in 1977 on a 8.7-acre site, records and LoopNet show.

North Bay Village condo building near Related, Macklowe’s planned towers hits market

A group of unit owners hired brokers to sell their waterfront building in North Bay Village, near Related Group and Macklowe Properties’ planned two-tower luxury condo tower project. Nearly all of the Harbor Condominium owners tapped Blanca Commercial Real Estate and MSP Group to sell the 29-unit, circa-1951 building at 7909 to 7911 East Drive on Harbor Island…

Lease roundup: Walker & Dunlop and two insurance firms opening offices in Brickell

A global insurance and reinsurance company, and a commercial real estate finance and advisory firm will open offices in Miami’s Brickell. MS Reinsurance leased 7,700 square feet, and Walker & Dunlop leased 2,900 square feet at the 801 Brickell tower, according to a news release from the landlords’ broker. The 26-story building is at 801 Brickell Avenue.

Asana pays $62M for Milam’s-anchored retail plaza near Coral Gables

Asana Partners paid $62.1 million for a shopping center anchored by Milam’s Markets and Walgreens near Coral Gables. The Charlotte, North Carolina-based firm bought the 92,100-square-foot Red Bird Center at 5761 Bird Road in unincorporated Miami-Dade County from Red Bird Associates, according to a news release from the seller’s broker.

Asana Partners Picks Up Red Bird Shopping Center in Miami

Red Bird Shopping is fully leased and boasts an average tenant tenure of 31.2 years. Image courtesy of Solo Photography Asana Partners has purchased Red Bird Shopping Center, a 92,089-square-foot retail asset in Miami, for $62.1 million. Yardi Research Data lists the previous owner of the property as The Brandon Co. JLL Capital Markets brokered the deal on behalf of the seller.

$62.1M Sale Arranged of Red Bird Shopping Center in Miami

JLL Capital Markets has arranged the $62.1 million sale of Red Bird Center, a 92,089-square-foot retail center located at the intersection of Bird and Red roads in Miami. Milam’s Markets, a regional grocer based in South Florida, anchors the property, which was fully occupied at the time of sale. Additional tenants at the center include Walgreens, Orion Fuels and Ace Hardware.

Ciprés, Rilea score $90M construction loan for condo project near Wynwood

Ciprés and Rilea Group landed a $90 million construction loan for The Rider Residences, a planned condominium near Wynwood. Mexican bank Banco Inbursa provided the financing for the 12-story condo project with 146 units and 11,000 square feet of retail, a press release states. Javier Herrera with Franklin Street arranged the loan. Ciprés and Rilea…

Terra Completes 470-Unit Centro City Residences in Miami

Terra has completed the first phase of Centro City Residences, the multifamily component of the 38-acre Centro City mixed-use development in Miami’s West Little Havana neighborhood. Phase I features 470 apartments spread across three eight-story multifamily buildings located at 3830 N.W. 11th St., as well as 350,000 square feet of retail space anchored by a 100,000-sf…

UHealth Opens 363,000 SF Outpatient Medical Facility in North Miami

The University of Miami Health System (UHealth) has opened UHealth SoLe Mia, a 363,000-square-foot outpatient medical facility in North Miami. The seven-story property is the largest ambulatory center in UHealth’s network. The property features the Sylvester Comprehensive Cancer Center, Bascom Palmer Eye Institute, Desai Sethi Urology Institute….

Partnership Proposes $2B City Park at West Kendall Mixed-Use Development

A partnership between The Easton Group, Lennar and MPKA LLC has proposed City Park at West Kendall, a $2 billion, 990-acre master-planned community in Miami. The development team has filed its application with Miami-Dade County. Plans call for 7,800 new homes in a variety of price points, including townhomes, multifamily units, single-family homes and workforce housing…

City Park at West Kendall Files Application for $2 Billion, 990-Acre “15-Minute City” Development

City Park at West Kendall, a transformational 990-acre master-planned community designed to reshape the future of West Kendall, has officially filed its application with Miami-Dade County. Led by The Easton Group, Lennar, and MPKA, LLC, with SWA Group overseeing master planning and design, the $2 billion project aims to alleviate some of Miami-Dade’s worst traffic…

Miami presses to get idle county mental health center open

Miami city officials are pressing Miami-Dade County to immediately open a 181,000-square-foot mental health facility, fully built but sitting idle as long-term funding concerns delay its launch. City commissioners are to vote today (10/9) on a resolution urging county leaders to support the immediate opening of the Miami Center for Mental Health and Recovery…

Miami-Dade sets firm opening date for bus rapid transit line

Miami-Dade County’s long-awaited MetroExpress Bus Rapid Transit service running 20 miles from Florida City to Dadeland South is officially launching Oct. 27. It will travel along bus lanes parallel to U.S. 1., extending from the Dadeland South Metrorail Station to Southwest 344th Street in Florida City. Sixty all-electric buses and regular Metro buses will both…

Banco Santander plans to add 250 jobs in Miami

Banco Santander, which is replacing its aged office building at 1401 Brickell Ave. with a new 40-story tower, plans to create 250 new jobs there to house its investment banking regional headquarters and brokerage operations. Miami-Dade commissioners this week are being asked to approve $5 million from the Targeted Jobs Incentive Fund program as an incentive…

County looks at scaled-back support to spur vast American Dream Miami

Long-delayed American Dream Miami is in line for a scaled-back jumpstart via county legislation this week. The latest version of Commissioner Juan Carlos Bermudez’s lifeline would lift rules that bar use of both impact fees and state and federal funds to help get the Northwest Miami-Dade retail theme park moving. A package floated in July would have allowed…

$7.2M Sale of 29-Unit Timbercreek Apartments in Miami Facilitated

Marcus,,, announced the sale of Timbercreek Apartments, a 29-unit multifamily property in Miami, Florida, for $7.2 million. “Timbercreek offered a rare opportunity to acquire a well-maintained apartment building in a highly sought-after market… Timbercreek Apartments is located at 11098 SW 107th Street in Kendall. The community consists of two three-story buildings totaling…

48-Room Hotel Proposed for 6945 Abbott Avenue in Miami Beach

Abbott M 6945 intends to move forward with a boutique hotel that would replace a smaller, 11-room hotel in Miami Beach. The unnamed venture would measure six stories above grade and comprise 48 rooms measuring about 300 square feet each. Rooms would either have a single king bed or two queen beds, and future guests would have access to a variety of amenities,…

Newgard Group And Two Roads Secure $513 Million In Construction Financing For One Brickell Riverfront In Miami

Newgard Group and Two Roads Development have secured $513 million in construction financing for One Brickell Riverfront, a mixed-use condominium development underway along the Miami River in the Brickell Financial District. The financing package, one of South Florida’s largest residential construction loans of the year, was structured with $370 million…

600 Miami Worldcenter Tops Off Construction At 32 Stories in Downtown Miami

Construction has topped off at 600 Miami Worldcenter, a 32-story condominium tower located at 600 NE 1st Avenue within the $6 billion, 27-acre Miami Worldcenter master plan in Downtown Miami. Designed by Revuelta Architecture International and developed by Merrimac Ventures and Aria Development Group, the fully sold-out project will deliver 606 turn-key residences…

Developer Intends to Build 8-Story Hotel at 710 S.W. 16th Avenue in Miami

A new mid-rise hotel could meet the demand for tourist accommodations in Miami’s Calle Ocho corridor. Developer 1630 Southwest 8 Street LLC wants to proceed with an eight-story hotel dubbed “Calle 8 Hotel,” which would offer 149 rooms on a half-acre parcel that operates as a parking lot. Recently, 1630 Southwest 8 Street LLC secured rezoning approval from city…

Okan Tower Reaches Halfway Mark At 555 North Miami Avenue In Downtown Miami

Construction has reached the halfway mark on Okan Tower, a 70-story mixed-use supertall at 555 North Miami Avenue in Downtown Miami. Designed by Behar Font & Partners and developed by Okan Group, the 902-foot-tall skyscraper will yield a 316-key Hilton Miami Bayfront Hotel, 236 condo-hotel residences managed by Hilton Hotels & Resorts®, 163 Sky Residences…

Mast Capital, AEW Sell 342-Unit Remi on the River Apartments in Miami

Mast Capital and AEW Capital Management have sold Remi on the River, a new 342-unit apartment community in the Miami River District. Valeris Capital purchased the property for an undisclosed price, though multiple media outlets are reporting the community traded for $108 million. Robert Given, Troy Ballard and Michael Mulkern of CBRE brokered the transaction.

First U.S. Siro-branded Hotel Coming to 9 SE 6th Street in Miami

Dubai-based Kerzner International, in partnership with 13th Floor Investments and Forse Holdings, has plans for a luxury tower in Miami-Dade County. The venture would yield the first Siro-branded hotel in the U.S. Siro Miami, Brickell, is set for a 2030 delivery, where it’ll offer 530 units: 180 hotel rooms and 350 condos called “Siro Homes.” Communal amenities would center…

Meyers Accesso plans 200-unit apartment project in Fort Lauderdale’s Cypress Creek

Meyers Accesso plans a 200-unit apartment project in Fort Lauderdale’s Cypress Creek neighborhood. Meyers Accesso, a joint venture between Aventura-based Meyers Group and Hallandale Beach-based Accesso, wants to develop the eight-story Avery Cypress Creek at 6210-6282 North Andrews Avenue, according to records and Meyers’ website. An entity tied to Meyers Accesso…

In $25M deal, JBL adds Broward shopping center to retail portfolio

JBL Asset Management’s South Florida retail portfolio experienced a growth spurt with a $25 million Broward shopping center purchase. Hollywood-based JBL, led by Jacob Khotoveli, acquired Palm Square, a 77,621-square-foot center with two outparcels that is 94 percent occupied, a press release states. The property sold for $4.6 million above the previous sale price six years ago.

Construction Progresses on $500 Million FAT Village in Fort Lauderdale’s Flagler Village

Construction continues to advance at FAT Village, the 5.6-acre mixed-use redevelopment transforming a key portion of Downtown Fort Lauderdale’s Flagler Village. Designed by Solomon Cordwell Buenz (SCB) with DLR Group leading the office design and developed by Hines and Urban Street Development, the $500 million master plan is reshaping the former arts district…

Exterior Work Nears Completion At Society Las Olas Phase 2 In Downtown Fort Lauderdale

Exterior work is nearing completion on the second phase of Society Las Olas, a 42-story residential tower at 140 Southwest 2nd Street in Downtown Fort Lauderdale. Developed by Property Markets Group (PMG) in partnership with Toronto-based Greybrook Realty Partners, the 450-foot-tall project represents a major milestone for what will become the city’s largest…

‘Aspire 1650’ Proposed for 1700 Blount Road in Pompano Beach

Two developers are planning an affordable housing development in Pompano Beach. Aspire 1650 would measure eight stories above grade and comprise 90 units – all of which would be designated for residents earning up to 120 percent of the area median income (AMI). Broward County’s AMI was $89,100 as of 2024. The venture would measure eight stories and feature 90 homes.

Construction Progresses on Sixth&Rio at 501 SE 6th Avenue in Fort Lauderdale

Construction is progressing at Sixth&Rio, an 8-story boutique condominium development at 501 SE 6th Avenue in Fort Lauderdale. Designed by FSMY Architects + Planners and developed by OceanLand Investments, the project will yield 94 residences in one- to three-bedroom layouts, including townhome residences, and four penthouses.

Dick’s House of Sport pitched to replace Sears at Gardens Mall in Palm Beach County

More than a dozen years after an aborted attempt to add Dick’s Sporting Goods to The Gardens Mall, the mall’s owners have proposed bringing an even larger version of the national sports chain to the two-level space formerly occupied by Sears. READ MORE: Lawsuit offers insight into Sears closure at Palm Beach County mall Dick’s House of Sport would replace the now-vacant…

Lender alleges Mainstreet at Tuttle’s bankruptcy filing is long-planned stall tactic

Fuse Group is aiming to derail developer Brian Tuttle’s strategy for keeping control of his Mainstreet at Tuttle development site in Royal Palm Beach. Fort Lauderdale-based Fuse, led by Eyal Peretz, on Sept. 29 filed a motion to dismiss a Chapter 11 petition in Miami federal court filed this month by the Tuttle entity that owns 38 acres on the southwest corner of U.S. 441…

Morgan buys 300-unit apartment complex near West Palm Beach for $70M

Morgan Properties bought a 300-unit apartment complex near West Palm Beach for nearly $70 million, amid an uptick in South Florida multifamily investment sales. Conshohoken, Pennsylvania-based Morgan purchased the gated garden-style property at 4860 Sand Stone Lane in unincorporated Palm Beach County from Miami-based Bar Invest Group, according to records…

Tenet buys West Palm Beach medical office building for $62M

Tenet Healthcare dropped $62 million for a medical office building within one of its West Palm Beach hospital campuses. Dallas-based Tenet, led by CEO Saum Sutaria, acquired the Victor Farris Building at 1411 North Flagler Drive, records and real estate database Vizzda show. The transaction also included a ground lease for the land underneath the 153,299-square-foot facility…

Tishman Speyer pays $125M for 270-unit apartment complex in Boca Raton

Tishman Speyer bought a 270-unit apartment complex in Boca Raton for $124.5 million. New York-based Tishman Speyer bought the Bell at Broken Sound Apartments at 5500 Broken Sound Boulevard Northwest and 950 Northwest Broken Sound Parkway from Greensboro, North Carolina-based Bell Partners, according to records and real estate database Vizzda.

Great Gulf wins rezoning for second West Palm Beach condo project

Canadian developer Great Gulf won a rezoning for its latest condo project in West Palm Beach. The West Palm Beach City Commission voted unanimously to grant the firm its requested rezoning and waivers for its planned 31-story, 97-unit condo project at 5400 North Flagler Drive. Toronto-based Great Gulf bought the 3-acre waterfront property for $28.5 million last year…

Riviera Beach approves rezoning for SobelCo condo project

The Riviera Beach City Council unanimously approved zoning changes that will enable SobelCo to build a 1.2 million-square-foot project near the Port of Palm Beach. Council members voted 5 to 0 on first reading Thursday night to rezone the 4.3-acre parcel at 1117 Broadway from Downtown Core District to Inlet Harbor Center-Planned United Development.

Developers can gain by adding Live Local affordable housing after construction begins, say panelists at ULI event

The Live Local Act is incentivizing some developers to add affordable housing units with below-market rents to buildings that are already under construction or completed, instead of doing so at the pre-approval stage of development, according to a panel of speakers at the Urban Land Institute’s Fort Lauderdale Forum. For example, the developer of The Arcadian…

Quarterly Multifamily Supply Volumes Still Hitting Records Nationally

The U.S. apartment market hit a 10th consecutive quarter of record completion volumes in 3rd quarter 2025. While new supply volumes have cooled considerably after peaking in 2024, quarterly delivery numbers keep hitting records. Roughly 105,525 units wrapped up construction in 3rd quarter, marking a 10th consecutive quarter of deliveries beyond the 100,000-unit mark.

Video: Case Property Services’ Shlomo Chopp Discusses Slow Pay, Loan Workouts

Navigating the Complex Landscape of Distressed Commercial Real Estate: Insights from Industry Experts. The landscape of commercial real estate in the United States is undergoing significant shifts, particularly in the domain of distressed assets. As the sector grapples with economic uncertainties and changing market dynamics, industry experts are keenly observing the trends…

Video: Sunrise Capital Co-Founder & CIO Kevin Bupp on Mobile Home Park & Parking Garage Investing

Exploring Emerging Opportunities in Commercial Real Estate: Parking Assets and Mobile Home Parks. In a recent episode of America’s Commercial Real Estate Show, listeners were treated to an enlightening conversation on two often overlooked yet promising sectors in the commercial real estate landscape: parking assets and mobile home parks.

Terra Group Nets Miami Seaquarium Lease In $22.5M Bankruptcy Deal

After seven decades and multiple operators, the Miami Seaquarium is getting a new steward: Terra Group, which struck a $22.5M deal to take over the lease from Miami-Dade County. Terra Group, led by David Martin, has agreed to take over the Seaquarium lease from The Dolphin Co., also known as Leisure Investments Holdings LLC, which filed for Chapter 11 bankruptcy in March…

Kerzner, 13th Floor plan first Siro hotel in the US in Brickell 

Forse Holdings, led by Ian Ludmir, also is a project partner Arnaud Karsenti’s 13th Floor Investments is partnering with a Dubai-based hospitality firm to develop the first Siro hotel in the U.S. in Miami’s Brickell. 13th Floor and Ian Ludmir’s Forse Holdings, both based in Miami, are the local partners of Kerzner International’s planned Siro Brickell, Miami tower.

Dubai Hotelier Chooses Local Development Partners To Build Brickell Condo-Hotel

Kerzner International is joining forces with two South Florida developers to get moving on its first Siro-branded U.S. project. Kerzner is partnering with South Florida developers 13th Floor Investments and Forse Holdings to build Siro Brickell, with plans to open doors in 2030, according to a release. “Siro is our disruptor brand; designed to meet the evolving demands…

Workman Real Estate picks up another Miami-Dade warehouse, paying $16M for Miami facility

Seller completed deal despite aggressive tactics by lender seeking repayment of $9M mortgage Workman Real Estate Ventures bought its fourth Miami-Dade industrial property, buying a Miami facility for $16 million. But the deal was almost derailed by an aggressive foreclosure action by a lender seeking repayment of a $9.2 million mortgage debt, court records show.

Dan Kodsi misses deadline in Legacy Miami Worldcenter foreclosure lawsuit

Developer said in July he was working on a $390M refi for the planned condo-hotel tower Developer Dan Kodsi missed a deadline to post a surety bond as part of an agreement reached with his lender, Monarch Alternative Capital, in the Legacy Miami Worldcenter foreclosure. Kodsi’s Legacy MWC Trustee and Legacy MWC Land Trust have been wrapped up in litigation…

“Dominant”: Inside Lennar’s housing empire in south Miami-Dade

Amid South Florida’s boom, Lennar became emperor of housing in south Miami-Dade. Now, it’s pushing an immovable development boundary. When one of south Miami-Dade County’s sprawling suburbs ends, the landscape changes. Streets of master-planned communities level off into a vast expanse of open land and row crops that stretch into the horizon…

Robert Rivani sells another Miami restaurant space for $20M

His namesake firm sold waterfront Edgewater commercial unit leased to Michael Schwartz’s Amara at Paraiso Robert Rivani continued to shrink his Miami commercial condo portfolio with the $19.8 million sale of a two-story space in Miami’s Edgewater leased to a Michael Schwartz restaurant. His Miami-based firm Rivani, formerly called Black Lion, sold the 12,316-square-foot…

Sale of Amara at Paraiso Restaurant Space in Edgewater Closes for $19.8 Million

Robert Rivani, founder of RIVANI, has closed on the $19.8 million sale of the waterfront restaurant space currently home to Amara at Paraiso in Miami’s Edgewater neighborhood. Located at 3101 NE 7th Avenue, the two-story, 12,316-square-foot property was completed in 2018 and is leased to The Genuine Hospitality Group, led by James Beard Award-winning chef Michael Schwartz.

The Closing: A Discussion with Black Lion’s Robert Rivani

The outspoken real estate investor on landing Playboy for his new project, Miami hospitality and fatherhood Robert Rivani, a commercial real estate maverick who bolted Los Angeles for Miami, recently arranged his latest coup: Playboy is moving its Hollywood headquarters to The Rivani, his newly rebranded, seven-story mixed-use project in Miami Beach. Rivani started out…

Redfearn Capital, TPG Angelo Gordon team up for $37M Hialeah & Miami Gardens industrial purchase

JV acquired two warehouses in Miami Gardens and Hialeah from DWS Group Redfearn Capital joined forces with TPG Angelo Gordon to buy two warehouses in Miami-Dade County for $36.7 million. Two entities tied to Delray Beach-based Redfearn, led by Alex Redfearn, and TPG Angelo Gordon, led by Josh Baumgarten and Adam Schwartz, acquired the properties…

Rents down, vacancies up as Trump’s immigration policies hit Doral

Predominantly Venezuelan city sees exodus amid ICE crackdown In Doral, the vacancy rate is up to 6.5 percent, and rents have hit a three-year low. Yes, the Miami market is cooling, but Doral is facing more than just a slowdown. About 40 percent of Doral’s 80,000 residents were born in Venezuela or have Venezuelan heritage, and these families are fleeing…

Tracking recession red flags in Miami

Is the region’s perpetual optimism supported by its economics — or does the real estate industry have its head in the sand? Live by the beach long enough, and you start to ignore the red and yellow flags that come and go with the tides. Those playing in the sandbox that is South Florida’s real estate market today find the signs of danger almost invisible, and talk…

These are Miami’s top construction firms

The city’s op builders kept busy over the past year, according to The Real Deal’s annual rankings, but demand is slowing down For Martin Melo, a principal with Melo Group, a Miami-based development and general contracting firm, the past year signaled a winding down of the city’s most recent development boom. “I think we are at the end of the cycle for projects that began…”

MAGAfied: Ron DeSantis and cabinet members approve Miami site for Trump library

State officials conveyed nearly 3-acre parking lot adjacent to Freedom Tower Florida’s top state officials, including Gov. Ron DeSantis, approved conveying a parking lot next to Miami’s Freedom Tower for a Donald Trump presidential library. As board members of the state’s Internal Improvement Trust Fund, DeSantis, Attorney General James Uthmeier…

Azora Private Solutions picks up two Coconut Grove office buildings for $82M

JV between Miami and Madrid firms bought back two properties one partner previously sold in 2020… acquired two Coconut Grove office buildings for a combined $82 million. Azora Private Solutions…  and Madrid-based Advenir Azora, paid roughly $603 a square foot for a total of 136,000 square feet of office space at 3225 Aviation Avenue and 3250 Mary Street.

Moishe Mana expands Wynwood portfolio with $26M dev site purchase

Abingdon Square sold assemblage to Miami neighborhood’s largest landowner Moishe Mana loaded more properties into his Wynwood portfolio in Miami with a $25.5 million development site acquisition. Mana, who is arguably the largest landowner in Wynwood and downtown Miami, acquired…. at 2200-2230 Northwest Second Avenue and 224 Northwest 22nd Terrace…

Newgard, Two Roads score $513M construction loan for Miami River condo project

44-story Lofty tower and 46-story Standard Residences expected to be completed in 2027 Newgard Group and Two Roads Development secured a $513 million financing package for their One Brickell Riverfront luxury condo complex that’s under construction. An undisclosed lender provided a $370 million senior loan and 3650 Capital provided a $143 million mezzanine loan…

Newgard, Two Roads Land $513M for Miami Condo Project

In one of the largest residential construction financing deals in South Florida this year so far, Newgard Group and Two Roads Development have secured $513 million for One Brickell Riverfront, a condominium project in Miami. A private lender issued $370 million in senior financing, while 3650 Capital provided a $143 million mezzanine loan.

Barry Sternlicht and partners abort rezoning request for Standard Miami Beach

Group sought changes to add five-story structure with 50 hotel rooms, six luxury condos and 66 parking spaces A partnership featuring billionaire Barry Sternlicht is putting on hold a request for zoning changes to the site of The Standard Spa, Miami Beach that would have allowed a major renovation of the hotel. The Miami Beach City Commission was set to vote on the rezoning…

Pitbull’s Charter School Acquires Historic Olympia Theater For $10

Miami commissioners voted unanimously last week to transfer ownership of the historic Olympia Theater to Pitbull’s charter school — for $10. Miami’s City Commission voted unanimously last week to give the Olympia Theater to Sports Leadership Arts Management, the charter school co-founded by rapper Armando Christian Pérez, better known as Pitbull.

Pitbull’s charter school taking over Olympia Theater in $10 no-bid deal

Miami city commissioners approved selling downtown Miami landmark to SLAM Academy, which agreed to $77M in repairs and upgrades The Miami City Commission finalized a controversial deal to transfer ownership of the historic Olympia Theater in downtown Miami to a charter school company co-founded by rapper Pitbull, whose real name is Armando Christian Perez.

78,315 SF Office Lease Arranged in Miami for ADP

Blanca Commercial Real Estate (Blanca CRE) has arranged a 78,315-square-foot office lease at Waterford Business District in Miami. ADP, a global HR and payroll solutions provider, will relocate its current Miami office at 10200 Sunset Drive to the Waterford campus at 65th Avenue and 7th Street, adjacent to Miami International Airport. Juan Ruiz, Andres del Corral, Jack Davidson…

56-story Edgewater 608-unit hotel tower advances

A developer plans a new skyscraper for Miami’s Edgewater neighborhood, Edge House Miami, a 56-story building containing 608 hotel units, 296 parking spaces, and related amenities. At a recent meeting of the city’s Urban Development Review Board, many Edgewater residents spoke against the project. After a lengthy review, the board recommended approval…

Education uses shift Olympia Theater to charter school

The historic Olympia Theater in downtown Miami has been sold to public charter school SLAM, which pledges $50 million in planned renovations while preserving the theater as a public and educational venue. During their Sept. 25 meeting, city commissioners unanimously concluded the sale of the Olympia Theater and the neighboring 10-story office building to SLAM…

Perez Art Museum Miami’s mega-billboard will stay, city will be paid

A settlement has been approved allowing the Pérez Art Museum Miami’s (PAMM) 10-story LED billboard to remain operating in downtown under new restrictions on its hours and brightness, with the city receiving $500,000 annually plus a 2% yearly increase. Miami city commissioners voted 4-1 Sept. 25, ending a year-long legal dispute between the city and PAMM…

26-Story ‘The William’ Set for 2026 Groundbreaking at 2040 NE 163rd Street in North Miami Beach

The William, a luxury high-rise condo planned for North Miami Beach, is set for a mid-2026 groundbreaking. The 26-story tower will feature 374 residences, measuring about 550 to 1,410 square feet. Layout plans span studio to three-bedroom models. The smallest residences start at around $380,000, with the largest homes topping out at more than $1 million.

Foundation Pour Completed For The Residences At 1428 Brickell In Miami

Ytech has completed the foundation pour for The Residences at 1428 Brickell, a 70-story luxury condominium tower set to rise along Miami’s Brickell Avenue. The milestone began on September 26 and continued for 33 uninterrupted hours, marking the largest mat foundation pour ever executed in Brickell and reinforcing the developer’s commitment to delivering…

$14.5M Construction Financing Secured or Self-Storage Project in Homestead, Florida

Marcus & Millichap Capital Corp. (MMCC) has secured $14.5 million in construction financing for the development of a 1,038-unit self-storage facility at 1995 N.E. 8th St. in Homestead, about 32 miles south of Miami. The 135,800-square-foot property will operate as an Extra Space Storage facility. Robert Bhat of MMCC’s Miami office arranged the five-year loan through a local bank…

$61.2 Million Predevelopment Loan Secured For The Ritz-Carlton Residences in South Beach

Sobe Sky Development, a partnership between Flag Luxury Group, Ben-Josef Group (BJGH), and Lionstone Development, has secured a $61.2 million predevelopment loan from BHI, the U.S. division of Bank Hapoalim, to advance The Ritz-Carlton Residences, South Beach. The financing marks a significant step forward for the ultra-luxury development, which will bring 30…

Mr. Baker To Open First Hialeah Location At Metro Parc

Baron Property Group and MG Developer have announced the signing of the first retail lease at Metro Parc in Hialeah. Mr. Baker, a Cuban bakery with nine locations across Miami, will occupy a 1,760-square-foot space on the ground floor of the development at the corner of East 25th Street and East 9th Avenue. The bakery is expected to open in late 2026…

Casa Paula Boutique Hotel Approved Beside Historic Villa Paula in Little Haiti

ZIG Investment Group, led by entrepreneur and real estate developer Mike Zikri, has secured approval for a 25-key luxury boutique hotel to rise adjacent to Villa Paula, the landmark 1920s Neo-Classical residence located in Miami’s Little Haiti neighborhood. The City of Miami Planning and Zoning Board voted unanimously in favor of the project, which will expand the site’s role…

Metropica developer revives Sunrise megaproject with new partners 

Poag Development, Waypoint join stalled Sunrise mixed-use development Five years after completing the first condo tower at Metropica, a master-planned development in western Broward County, the developer announced he is reviving the project with new partners. Metropica Development CEO Joseph Kavana plans to begin construction on the next phase in October…

Fannie Mae, Freddie Mac block sale of troubled Pembroke Pines condo complex

Stalking horse bidder Integra is the only firm to submit an offer for the 25-acre Heron Pond property Fannie Mae and Freddie Mac blocked the sale of a beleaguered condo complex in Pembroke Pines. The companies’ temporary injunction essentially halts the planned sale of Heron Pond in western Broward County that’s been in the works for a year.

Ares bulks up South Florida industrial holdings with $56M Broward buy

Los Angeles-based firm acquired warehouse in Weston Ares Management added a Broward warehouse to its South Florida industrial portfolio. An affiliate of Los Angeles-based Ares, led by Michael Arougheti, paid $56 million for Meridian at Weston, a 230,976-square-foot warehouse at 3425 Meridian Parkway in Weston, records and real estate database Vizzda show.

CC Homes pays $50M for 151 homesites in Davie 

CC Homes paid $50 million for a development site in Davie planned for 151 single-family homes. CC Homes, led by Armando Codina and Jim Carr, bought the 152-acre vacant property on the northeast corner of I-75 and the Royal Palm Boulevard exit ramp. The seller is KBNP, an affiliate of Jackie Soffer’s Aventura-based Turnberry, according to records and real estate database Vizzda.

Foundry, Wheelock pay $66M for shuttered Pompano Beach flea market

JV plans to redevelop 26-acre site into three-building industrial complex Foundry Commercial and Wheelock Capital are teaming up to convert a shuttered indoor flea market in Pompano Beach into an industrial complex. Orlando-based Foundry, led by Paul Ellis, and Greenwich, Connecticut-based Wheelock, led by Rick Kleeman and Jonathan Paul…

Price revealed: Russell Galbut and partners paid $73M for Galleria Fort Lauderdale

Struggling mall was listed without a price, but seller and brokers were targeting $100M-plus Russell Galbut’s GFO Investments, InSite Group, Atlas Hill Real Estate and Prime Finance paid $73 million for Galleria Fort Lauderdale, representing a significant discount off the price the seller was aiming for. The four firms acquired the 800,000-square-foot indoor mall…

YIMBY Scopes View of Construction on Advantis Station at Flagler Village in Fort Lauderdale

Advantis Station at Flagler Village is advancing construction at 333 Northeast 6th Street in Fort Lauderdale’s urban core. Designed by award-winning firm Baker Barrios Architects and developed by Prospect Real Estate Development Group in partnership with Midtown Capital Partners, the 12-story, two-tower mixed-use development encompasses an assemblage of seven…

Industrial Park Intended to Replace Festival Flea Market at 2900 W. Sample Road in Pompano Beach

The former site of Pompano Beach’s Festival Flea Market will soon be transformed into a Class-A industrial development. The Market opened as the Pompano Outlet Mall in 1986 and ceased operations after more than 40 years of operations earlier this spring. Festival Logistics Park will span about 475,000 square feet of new construction, comprising three buildings…

Vertical Construction Ascends on Waldorf Astoria Residences Pompano Beach at 1350 S. Ocean Boulevard

Vertical construction has begun to ascend at 1350 South Ocean Boulevard, where Related Group, widely regarded as Miami’s condo king, and Merrimac Ventures, led by the Motwani family, are developing the Waldorf Astoria Residences Pompano Beach, a 28-story tower that will contain 92 private residences and a suite of resort-style amenities directly…

182-Unit ‘The Satori at Lighthouse Point’ Proposed for 4211 North Federal Highway in Pompano Beach

An affiliate of 1112 Development hopes to move forward with a multi-family housing development in Pompano Beach. The Satori at Lighthouse Point would comprise three eight-story buildings, featuring 182 apartments, 27 of which would be “flex units.” Floorplans would range from studio to three-bedroom layouts, with residences measuring 814 to 1,811 square feet.

Mainstreet at Tuttle developer averts foreclosure auction with bankruptcy filing

Brian Tuttle alleges lender The Fuse Group reneged on agreement to resolve $47M mortgage debt tied to Royal Palm Beach project The owner of the mixed-use Mainstreet at Tuttle development site in Royal Palm Beach narrowly avoided a foreclosure auction by filing for bankruptcy. The courthouse sale of the 38-acre site within the 200-acre Tuttle Royale master…

ComNet Realty sells Delray Beach shopping center for $16M

Eduard Shnayder, owner of New York-based grocery chain, acquired Peachtree Plaza ComNet Realty sold a Delray Beach shopping center for $16.2 million to the owner of a New York-based grocery chain. An entity managed by Eduard Shnayder, founder of NetCost Market, acquired Peachtree Plaza, a 63,176-square-foot shopping center at 5850 Atlantic Avenue and an adjacent…

Honey, I shrunk the kids: Palm Beach County greenlights “micro-unit” apartments geared to post-grads

Kurt Jetta’s Neighborlee Living plans West Palm Beach project with units as small as 240 sf Developer Neighborlee Living, led by Kurt Jetta, won approval from Palm Beach County for a four-story, 38-unit affordable multifamily project with micro-units as small as 240 square feet. The county commission greenlit the project, dubbed Neighborlee Living Westgate, at a zoning hearing…

Lender targets Charles Cohen’s West Palm Beach dev site in $10M foreclosure

Billionaire New York developer still plans 23-story office project on 2.4-acre site A lender is seeking to foreclose on the site of a stalled office project in West Palm Beach by Charles Cohen, adding more woes to the New York-based billionaire developer. On Monday, Union Labor Life Insurance Company sued an affiliate of Cohen’s New York-based Cohen Brothers Realty Corporation…

American Commercial buys Delray Beach mixed-use project for $18M

Palm Beach Gardens-based firm acquired King’s Point Shopping Center and Professional Building American Commercial Realty Corporation bought a Delray Beach mixed-use project for $18.3 million. An affiliate of Palm Beach Gardens-based American Commercial, led by Rick Baer, acquired King’s Point Shopping Center and Professional Building at 6600 West Atlantic…

Related lands $100M construction financing for Riviera Beach workforce housing

Eight-story, 149-unit Residences at Marina Village will be adjacent to Related’s planned 418-unit Gallery at Marina Village The Pérez family’s Related Group landed $100.3 million in construction financing for its planned Residences at Marina Village, a workforce housing project in Riviera Beach. Records show the developer secured $54 million from the Florida Finance Housing…

Phase One of Sundy Village Complete at 22 West Atlantic Avenue in Delray Beach

Pebb Capital has announced the completion of Phase One at Sundy Village, its seven-acre mixed-use campus at 22 West Atlantic Avenue in Delray Beach. The milestone was marked by the receipt of a Temporary Certificate of Occupancy, delivering 100,000 square feet of Class A+ office space, 30,000 square feet of retail and dining, and 268 below-grade public parking spaces.

Construction Starts on ‘Modera Downtown Boca’ at 400 S. Dixie Highway in Boca Raton

Florida YIMBY has an update regarding Modera Downtown Boca, a venture we covered nearly a year ago. Developer Mill Creek has officially broken ground on the multi-family housing project and intends to welcome the community’s first tenants in spring 2028. Upon completion, the 12-story building will feature 306 luxury homes. The studio to three-bedroom residences…

‘Astor Sound at Lake Worth’ Nears Completion at 2201 Tenth Avenue N in Lake Worth

Astor Sound at Lake Worth is nearing the end of construction in Palm Beach County. The multi-family housing development is set to feature 230 units in four two- to five-story buildings. Residences span one-bedroom to three-bedroom floorplans, with layouts measuring 715 to 1,160 square feet. In-unit offerings include a variety of high-end features, such as quartz countertops…

How Mixed-Use Can Build Real Communities

For decades, office life often had a mildly bleak, mundane twist baked in. Think the set of The Office, with coworkers commiserating and bonding through routines around fluorescent-lit cubicles. Retail and residential were, of course, literal miles away. While the live-work-play revolution shook up the old cliches, today’s placemakers are taking the office-anchored mixed-use project…

3 key commercial real estate investing tips

Location is critical in real estate. “Know your market, and have a clear view of why you want to invest there,” Oehler said. “And be able to articulate that—your story is important.” For example, a client might be familiar with a neighborhood where they grew up and want to invest in an apartment on a block with great access to transportation. The hospital two blocks away…

The Zombie Tenant Trap: When Occupancy Numbers Lie

On paper, a building may appear 70 percent occupied. In reality, it may be bleeding cash and barreling toward default. This is the essence of the “Zombie Tenant Trap,” a problem increasingly common in today’s office market. Many properties give the illusion of stability based on headline occupancy, but beneath the surface lies significant financial distress.

Office investor demand was way up in the first half of 2025, according to exclusive data

The recovery in the U.S. office market has been gaining steam this year and may be set to accelerate. While vacancy rates and return-to-office employee volume have been focal points in gauging demand, a new look at interest in office from the capital markets points to an even stronger recovery than previously thought. JLL, a global commercial real estate and investment…

Ricardo Dunin, Juan Carlos Tassara land $220M financing for Domus Brickell Center

Bayview PACE provided $180M in C-PACE funding for short-term rental-friendly condo tower North Development, the partnership between Ricardo Dunin’s Oak Capital and Juan Carlos Tassara’s Edifica, scored $220 million in financing for their planned Domus Brickell Center project. The planned 35-story, 579-unit tower at 1034 Southwest Second Avenue will be…

Billionaire Amancio Ortega pays roughly $110M for Miami Design District building

His family office, Ponte Gadea, acquired Atlas Plaza, located at 130 NE 40th St and home to a Rolex store and Michael’s Genuine, one of the neighborhood’s longest running restaurants Spanish billionaire Amancio Ortega picked up a retail building in Miami’s Design District for roughly $110 million, beating out other prospective buyers including the owner of clothing brand Uniqlo.

Masaveu owns most of Brickell block after $24M Wendy’s purchase

Miami-based firm assembled three other properties on same street for dev site Masaveu Real Estate US has assembled almost an entire block in Miami’s Brickell neighborhood after paying $24 million for a Wendy’s restaurant. The American subsidiary of Spanish conglomerate Corporacion Masaveu, led by Chairman Fernando Masaveu Herrero, acquired the 3,611-sf…

’72 Carlyle’ to Comprise 134 Luxury Homes at 7130 Carlyle Avenue and 600 72nd Street in Miami Beach

Following the completion of its 72 Park project in Miami-Dade County, developer Lefferts is proceeding with a luxury condo right across the street. 72 Carlyle is set to measure 70 stories above grade and comprise 134 homes. Each of the one-, two-, and three-bedroom residences features an expansive terrace, with select homes offering summer kitchens.

Lefferts kicks off sales for 72 Carlyle, its third North Beach condo project

20-story, 134-unit tower is latest launch in upzoned neighborhood’s boom Lefferts is kicking off sales for the third North Beach condo project in its pipeline, 72 Carlyle. Douglas Elliman’s Eklund-Gomes team is leading sales for the 20-story, 134-unit tower planned for 600 72nd Street in Miami Beach, according to a press release. Units will range from one to three bedrooms…

Ron DeSantis eyes Miami site next to Freedom Tower for Trump presidential library

Florida governor wants state board to convey nearly 3-acre parking lot for the project Florida Gov. Ron DeSantis is eyeing a parking lot next to Miami’s Freedom Tower for a Donald Trump presidential library. The state’s top elected official plans to submit an item to the Florida Board of Trustees of the Internal Improvement Trust Fund to convey the 2.6-acre parcel at 500-540 Biscayne Blvd…

DeSantis Offers Trump Prime Miami Site For Presidential Library

President Donald Trump can add more than 2 acres in the heart of Downtown Miami to the growing list of potential sites for his presidential library. Florida Gov. Ron DeSantis plans to offer a 2.63-acre parcel adjacent to the historic Freedom Tower to serve as the Donald J. Trump Presidential Library, his office announced. The Florida Cabinet plans to consider conveying the land…

AcadeMir Charter Schools picks up land in west Miami-Dade, adding to South Florida portfolio

Purchase includes 9.2-acre dev site south of Coral Way AcadeMir Charter Schools hit the books and picked up more land in west Miami-Dade County. The Miami-based charter school paid $20.5 million for eight parcels of vacant land between Southwest 148th Avenue, Southwest 30th Street and Southwest 147th Avenue in unincorporated Miami-Dade.

AcadeMir buys its charter school campus in South Miami Heights for $25M

AcadeMir Charter School Preparatory bought its campus in South Miami Heights for $25 million. AcadeMir purchased the nearly 60,000-square-foot building at 19185 Southwest 127th Avenue in south Miami-Dade County from an entity managed by Mario Castellanos, Julio Batista and Rodolfo Ayan, according to records and real estate database Vizzda.

Thor picks up two Wynwood dev sites for discounted price of $30M

As part of deal, Joe Sitt’s firm reacquired an assemblage that it previously sold for $28M Joe Sitt’s Thor Equities scored a bargain for a pair of Wynwood development sites, paying nearly $32 million below previous sale prices two years ago. New York-based Thor paid a combined $30.2 million for the Miami properties that the seller acquired for a combined $62 million in 2023.

Grupo T&C scores approval for 56-story Edge House Miami

Short-term rental-friendly tower will have 608 units William Ticona’s Grupo T&C won approval for his planned Edge House Miami, a short-term rental-friendly project in Edgewater. The City of Miami’s Urban Development Review Board greenlit the Kobi Karp-designed tower, according to a press release. Lima, Peru-based Grupo T&C’s 56-story, 608-unit project is planned for the 0.6-acre…

Bunny seeks carrot: Playboy wants $800K from Miami Beach for HQ move

Lease inked with Rivani on the line if city doesn’t agree to terms News broke last month that Playboy was trading Beverly Hills for the Magic City, but now the once-iconic brand is looking to sweeten the deal. Playboy Enterprises International, led by CEO Ben Kohn, wants $800,000 in incentives from the city of Miami Beach, and could pull out of its lease for the 20,000-sf…

Calta scores approval for 499-unit Live Local Act tower in Allapattah 

Anatomia will consist of 289 condos and 210 apartments The Caltagirone brothers’ Calta Group scored approval for a 499-unit Live Local Act tower in Allapattah, marking one of the first Miami projects under the state law with both condos and apartments. Coral Gables-based Calta plans the 30-story Anatomia with 6,500 square feet of retail at 1415–1469 Northwest 13th Terrace…

30-story Allapattah tower to feature luxury condos

The Calta Group is bringing a new mixed-use residential tower, Anatomia, to a site near the Miami River in Allapattah and on the edge of Miami’s Health District. The company said the 30-story high-rise will leverage Florida’s Live Local Act, combining multi-family apartments with luxury condominiums in a single landmark community. Located on a 1.06-acre site at 1415-1469 NW 13th Terrace…

30-Story Allapattah Live Local Act Project ‘Anatomia’ Approved by Miami’s Urban Development Review Board

Miami’s Urban Development Review Board has approved Anatomia, a 30-story mixed-use tower planned by The Calta Group for Miami’s Allapattah neighborhood. Designed by Corwil Architects, the project is one of the first high-rise developments to advance under Florida’s Live Local Act and was approved by a 5-1 vote. The tower will rise on a 1.06-acre site at 1415–1469…

Shvo Hands Over Miami Beach Site In $28M Deed-In-Lieu-Of-Foreclosure: The South Florida Deal Sheet

Michael Shvo handed over his Miami Beach development site — and its planned luxury office tower — in a deed-in-lieu-of-foreclosure transaction as he fights to keep other properties from the same fate. “Despite achieving unanimous approval from the Miami Beach Design Review Board for The Alton, with the changes in the local zoning, an office development was no longer…”

Terreno buys recently completed Doral industrial complex for $131M

Seller Link Logistics and parent Blackstone have sold more than $1.1B in South Florida warehouse facilities since November Terreno Realty Corporation picked up a recently completed Doral industrial project for $130.7 million, in the latest warehouse sell-off by Link Logistics and parent company Blackstone. An affiliate of San Francisco-based Terreno, led by Blake Baird, bought Royal Palm Doral…

Public-private team speeds Lincoln Road east end renewal

Improvements to Miami Beach Lincoln Road’s 100, 200 and 300 blocks are nearer on the horizon as a private-public partnership has just concluded an agreement on how money will be spent and the long-term project will be executed with a pedestrian focus. Peter Kanavos, executive vice president of development for Flag Luxury, a partner of Sobe Sky Development…

10-story downtown LED billboard outside PAMM may glow in new deal

The fate of downtown’s last towering LED billboard, a 10-story digital display outside the Pérez Art Museum Miami (PAMM), could be decided this week in a deal that would keep it glowing under newly proposed conditions. Today (9/25), Miami city commissioners are to vote on whether to approve a settlement allowing PAMM to continue operating the sign in exchange…

Homestead’s strategic plan sees major economic growth

After months of deliberation, Homestead will be implementing its first strategic development plan following its July approval by the Homestead City Council. According to City Manager Zerry Ihekwaba, the plan has five specific goals – increase civic engagement, improve quality of life, upgrade the city’s infrastructure, promote economic development, and streamline internal operations.

Coral Gables mobility hub targeted for quick start

Since being reappointed as Coral Gables city manager, Peter Iglesias has been working nonstop, pushing forward big-ticket items the city has committed to delivering to residents and visitors. Mr. Iglesias has been overseeing the renovations of City Hall, working on design and development of a planned mobility hub, finding solutions for public transportation, and building stronger city departments.

Stone Soup Development Files Pre-Application for ‘Dr. Marvin Dunn Manor’ at 7000 NW 27th Avenue in Miami

A Coral Gables-based developer has proposed Dr. Marvin Dunn Manor, an affordable multi-family housing community in Miami-Dade County. Proposed by Stone Soup Development, the venture would measure seven stories above grade and feature 101 residences: 25 studio apartments and 76 one-bedroom homes. Residency would be reserved for tenants earning 30 to 80 percent…

Shelton Miami, An 11-Story Residential Tower By Turkey-Based Developer Shelton, Planned For 1998 NE 135th Street In North Miami

Shelton, a Turkey-based developer with completed projects in Bodrum and Ankara, is planning its first U.S. venture in North Miami. The project, called Shelton Miami, is proposed for 1998 NE 135th Street along Little Arch Creek and will rise 11 stories with 18 residential units. Designed by Kobi Karp Architects, the building will stand 121 feet tall and introduce…

Edge House Miami Receives Approval From Miami’s Urban Development Review Board At 1825 NE 4th Avenue In Edgewater

Grupo T&C has received approval from the City of Miami’s Urban Development Review Board for Edge House Miami, a 56-story luxury home-sharing tower planned for 1825 NE 4th Avenue in the Edgewater neighborhood. Designed by Kobi Karp Architecture & Interior Design, the development will rise 649 feet and deliver 608 turnkey units ranging from studios…

9900 West Tops Out At 9900 West Bay Harbor Drive In Bay Harbor Islands

Construction has topped off on 9900 West, an eight-story boutique condominium along the Indian Creek waterway at 9900 West Bay Harbor Drive in Bay Harbor Islands. Developed by Brooklyn-based The Horizon Group and designed by Frankel Benayoun Architects with interiors by Craft Studio and landscaping by Geomantic Designs, the project will deliver 23 waterfront…

Developer Sergio Pino’s widow, daughters allege Century Midtown transfers to his girlfriend were fraudulent: lawsuit 

Pino died by suicide last year as FBI agents were closing in on the homebuilder Sergio Pino’s widow, Tatiana, and their daughters filed a new lawsuit against Pino’s longtime mistress and others they claim were involved in allegedly fraudulent transfers in the days before and after his suicide. Sergio Pino, a prominent South Florida homebuilder, died in July 2024 from a self-inflicted…

Rabbi loses bid to dismiss Fontainebleau Miami Beach defamation lawsuit

Jeff Soffer’s hotel is suing Shmuley Boteach for allegedly engaging in smear campaign against iconic property Rabbi Shmuley Boteach lost his bid to toss out a defamation lawsuit accusing him of smearing Billionaire Jeff Soffer’s Fontainebleau Miami Beach. On Sept. 16, U.S. District Judge Michael Moore denied Boteach’s motion to dismiss the complaint…

Russell Galbut’s family office, partners buy Galleria Fort Lauderdale

Joint venture plans to redevelop the 800K sf indoor mall Russell Galbut’s GFO Investments teamed up with InSite Group, Atlas Hill Real Estate and Prime Finance to buy Galleria Fort Lauderdale, sources told The Real Deal. The partnership closed on the 800,000-square-foot indoor mall at 2414 East Sunrise Boulevard, according to sources familiar with the transaction.

Former WeWork CEO Adam Neumann Among New Owners Of Fort Lauderdale Galleria Mall

An executive who took over for Adam Neumann and has led one of the biggest mall landlords in the country is part of the team that acquired the struggling Galleria at Fort Lauderdale. A joint venture of GFO Investments, InSite Group, Atlas Hill Real Estate and Prime Finance has purchased the 1980s-era mall at 2414 E. Sunrise Blvd. and plans to redevelop it, according to a release.

Joint Venture Acquires Fort Lauderdale’s Galleria Mall For Redevelopment

GFO Investments and InSite Group, in partnership with Atlas Hill Real Estate and Prime Finance, have completed the acquisition of Fort Lauderdale’s Galleria Mall, marking the beginning of a major transformation for one of the city’s most recognizable retail and dining destinations. The new ownership team, all with deep ties to South Florida, intends to reimagine the mall…

Legacy Residential boosts multifamily portfolio with $77M Coconut Creek purchase

Miami-based firm acquired garden-style complex with 416 apartments in Coconut Creek Legacy Residential Group added to its South Florida multifamily portfolio by purchasing a Coconut Creek apartment community for $77 million. An affiliate of Miami-based Legacy, led by Tom Cabrerizo, acquired the complex with 416 units at 4303 West Atlantic Boulevard…

Related completes Casamar tower in Pompano Beach with $350M sellout

21-story, 118-unit oceanfront condo marks Pérez family’s second completed project in the city Related Group completed its oceanfront Casamar condos in Pompano Beach, with a sellout of $350 million. Move-ins have begun, and the tower is nearly sold out, save for a few units, according to a press release. It marks the Miami-based developer’s second finished condo project…

Construction Starts on ‘Element by Westin’ Hotel in Dania Beach

Miami-based Baywood Hotels has started construction on the Element by Westin hotel, a six-story project requiring close to 80,000 square feet of new construction. Plans call for 115 rooms and 71 ground-floor parking spots. Additionally, residents will have access to amenities on the second story, including a fitness center, dining room, and lounge.

The District in Davie Secures $85 Million Construction Loan

El-Ad National Properties, a South Florida-based subsidiary of Elad Group, has secured an $85 million construction loan from Valley National Bank to advance vertical development of The District in Davie. The $1 billion, 2.8-million-square-foot mixed-use project is the largest multifamily development in the town’s history. Located at 4801–4999 South State Road 7…

26-Story ‘ArtHaus’ to Offer 265 Residences in Fort Lauderdale

Miami-based Moderno Development Group is proceeding with ArtHaus after securing site plan approval from Fort Lauderdale city officials. The venture, formerly known as the 500 Art Lofts, will measure 26 stories above grade and comprise 265 residences –– 43 of which would be designated as workforce housing for tenants earning up to 120 percent of the area median income (AMI).

Mill Creek Goes Vertical on Boca Raton Luxury Project

Developer and owner-operator Mill Creek Residential has broken ground on Modera Downtown Boca, a 306-unit luxury apartment community located in the heart of Boca Raton, Fla. The community is expected to open in 2028. Renters will pick from studio, one-, two- and three-bedroom residences with select den layouts and top-floor penthouses and…

Midtown Capital scores $57M bridge loan for Lake Worth Beach project

Infinity Collective provided the financing for Astor Sound, 230-unit apartment complex under construction Midtown Capital Partners landed a $57 million bridge loan for a nearly completed multifamily project in Lake Worth Beach. New York-based Infinity Collective, led by David Berg, Steven Kassin and Etienne Locoh, provided the financing for the Midtown Capital affiliate…

Huizenga family, Integra score initial approval for updated $2B Rybovich Marina plans in West Palm

U.S. second-quarter return on home flipping lowest since 2008 The Huizenga family and Integra Investments scored initial approval for changes to their long-planned $2 billion mixed-use development at the site of the Safe Harbor Rybovich, better known as Rybovich Marina. The partners are planning a massive redevelopment of the 19-acre waterfront site…

Huizenga Family And Integra Investments Advance Updated Plans For $2 Billion Rybovich Marina Redevelopment In West Palm Beach

Plans to redevelop the Rybovich Marina are officially moving forward, with the Huizenga family and Integra Investments securing approval from the West Palm Beach Planning Board. Reviewed on September 16, the proposal outlines a multi-billion-dollar transformation of the 19-acre waterfront property, centered around four condominium towers and a mix of commercial…

‘Residences at Marina Village’ to Feature 149 Workforce Housing Units at 57 E 12th Street in West Palm Beach

Miami-based Related Group has secured funding for Residences at Marina Village, an affordable housing development in Riviera Beach. The $92.6 million in financing came from three entities: Manufacturers and Trusters Trust Co., the Florida Housing Finance Corp, and Bank of New York Mellon Corp. Residences at Marina Village is slated to measure eight stories…

‘Marina Annex’ to Host 175 Workforce Housing Units at 251 West 11th Street in Riviera Beach

Last week, Riviera Beach’s Planning and Zoning Board approved plans for Marina Annex, a workforce housing development. The venture will measure 77 feet above grade and comprise 175 workforce housing residences. Palm Beach County defines workforce housing as housing reserved for tenants earning 60 to 140 percent of the area median income (AMI).

The Historical Outperformance of Self Storage: What Investors Should Know

If you’ve historically tilted your real estate allocations toward multifamily, retail, industrial, or office real estate sectors, you’re not alone. These property types often dominate headlines and real estate holdings in model portfolios. However, by focusing exclusively on these big four, you may miss a consistently overlooked top-performing asset class: self storage.

How interest rate cuts could impact commercial real estate

The Federal Reserve dropped rates by 25 bps at its September meeting in response to data indicating a weakening labor market. The target federal funds range is now 4.00%–4.25%. Following a series of rate hikes and over a year of interest rate uncertainty, the Fed lowered rates three times in 2024. This is the first cut in 2025. The Fed indicated the timing and pace of further rate…

Atlanta Fed’s Bostic Discusses FOMC’s Move to Lower Fed Funds Rate

On September 17, the Federal Open Market Committee (FOMC) voted for the first interest rate cut of 2025, and participants have submitted a wide range of forecasts for the path of interest rates through the end of this year. Atlanta Fed president Raphael Bostic said during a September 19 interview Off-site link with The Wall Street Journal that he was “fine” with the rate cut…

2025 CMBS Delinquency Rates

The Trepp CMBS Delinquency Rate increased for the sixth consecutive month in August 2025, rising six basis points to 7.29 percent. In August, the overall delinquent balance was $44.1 billion, and the outstanding balance was $604.6 billion; these are both up from $43.3 billion and $598.9 billion in July, respectively. Breaking it down by property type, three main sectors…

Video: Costar Director of U.S. Market Anaytics Chad Littell Discusses Surprising Cycle Timing Discovery

The conversation kicked off with a discussion on transaction volume and cap rates, two parameters closely watched by industry stakeholders. These metrics, influenced by factors such as pricing, developmental scope, leasing opportunities, and market trends, provide insight into the industry’s overall health. Despite some headlines hinting at a gloomy scenario, Littell argued…

Top-Quality Office Assets Continue to Drive Leasing Activity Nationally as Few Markets See Construction Starts

The national office vacancy rate was close to 18.7% in August, following a modest decrease of 80 basis points year-over-year. The national office listing rate averaged $32.63 per square foot in August, which marked a 0.4% slip from the previous year. The office supply pipeline remained modest at the start of September with a little more than 40 million square feet of office…

Understanding building automation systems

JPMorganChase Tower at 270 Park in New York is equipped with over 100,000 sensors. You may not see them, but you feel their impact.  For example, window shades adjust automatically based on occupancy levels to minimize environmental impact, while daylight sensors in open office areas create a base level of light with no manual switches necessary.

Jobs Disappearing in Many Tech Hubs

Several of the nation’s tech hubs have seen job gains slow sharply or have turned to job losses due to a combination of various factors, including the tech industry correcting for pandemic-era over-hiring, general economic uncertainty and the transformative effects of AI. This has led to declining employment and a talent exodus in some hubs, while other cities continue to see tech sector growth.

FOMC Summary of Economic Projections, September 2025

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

Price revealed: Blackstone pays nearly $300M for East Miami hotel in Brickell 

Funds managed by Trinity and Certares sold 352-key tower Blackstone’s purchase price for the 352-key East Miami hotel in Brickell is revealed as nearly $300 million, The Real Deal has learned. Funds affiliated with New York-based Blackstone bought the 40-story hotel at 788 Brickell Plaza from funds managed by Honolulu, Hawaii-based Trinity Investments…

Trinity, Certares Sell 352-Room EAST Miami Hotel at Brickell City Centre to Blackstone

Funds managed by Trinity Investments and Certares Real Estate Management have sold EAST Miami, a 352-room hotel located within the $1.1 billion Brickell City Centre mixed-use development. Funds affiliated with Blackstone Real Estate purchased the hotel for an undisclosed price. Built in 2016, EAST Miami features guest rooms, 89 serviced apartments and Sugar…

Blackstone Buys 39-Story ‘East Hotel’ at Brickell City Centre

Blackstone Real Estate has purchased the 352-room East hotel at Brickell City Centre. The sale price was not disclosed. The 39-story hotel is known to Brickell locals for its popular Sugar rooftop bar. It was built by Brickell City Centre developer Swire Properties in 2016. Swire sold the hotel in 2021 to Trinity Investments and Certares Real Estate Management for $174M.

Blackstone buys 352-key East Miami hotel at Brickell City Centre 

Blackstone bought the 352-key East Miami hotel at Brickell City Centre. Funds affiliated with New York-based Blackstone bought the 40-story hotel at 788 Brickell Plaza in Miami from funds managed by Honolulu, Hawaii-based Trinity Investments and New York-based Certares, according to the sellers’ news release. The price wasn’t disclosed. East Miami is home to rooftop venue Sugar…

Lionstone, Flag Luxury and Ben-Josef land $61M loan for Ritz-Carlton South Beach 

BHI financing project, includes 30 branded condos and redevelopment of 101-key Sagamore Hotel Lionstone Group, Flag Luxury Group and Ben-Josef Group scored a $61.2 million predevelopment loan for their planned Ritz-Carlton Residences, South Beach project, The Real Deal has learned. BHI, the U.S. branch of Israel’s Bank Hapoalim, is providing the financing, according to a press release.

Integra, Terra in talks to develop 38-acre Miami Seaquarium site 

County’s eviction suit against aquatic theme park opened door for secretive proposals Some of South Florida’s biggest developers are in secretive talks to develop a rare, 38-acre waterfront property in Miami. It’s the Miami-Dade County-owned Miami Seaquarium property on Virginia Key in Biscayne Bay, and little is known about proposals so far, according to reporting from the Miami Herald.

One of Miami Beach’s last gas stations just sold. Here’s what’s planned for the site

Arkadia Property Group purchased an option to buy the Sunset Harbour site in 2012 One of Miami Beach’s last gas stations will be redeveloped into a mixed-use Class A office building, The Real Deal has learned. Arkadia Property Group, led by Richard Kilstock and David Aaron, closed on acquisition of the gas station and car wash at 1840 Alton Road last week, Aaron said.

Seagis expands Miami-Dade industrial portfolio with $20M Doral deal

Conshohocken, Pennsylvania-based firm acquired facility from floral importer and distributor that will remain as tenant Seagis Property Group padded its industrial holdings in Miami-Dade County after paying $20.4 million for Doral warehouse. Conshohocken, Pennsylvania-based Seagis, led by John Begier, acquired a 62,000-square-foot facility at 2601 Northwest 104th Court, records show.

Forman Capital seeks foreclosure of dev site in Miami’s A&E District

Lender alleges developer defaulted on $8M bridge loan secured by site of planned condo-hotel Forman Capital is seeking to foreclose on a development site slated for a condo-hotel in Miami’s Art & Entertainment District over an alleged $8.3 million loan default. The project was being managed by developer Dan Kodsi, but he and the borrowers’ attorney Joseph Pardo told…

Here’s what’s happening at the Raleigh Miami Beach redevelopment

Michael Shvo is trying to match a $275M bid from Nahla Capital to keep the project Michael Shvo has had his fair share of issues across his career as a broker and developer, only to walk away unscathed. At 125 Greenwich, a planned 88-story high-end condo tower in downtown Manhattan, Shvo’s partners  bought out his interest when he was indicted on tax evasion in 2016.

Astor scores $36M loan for Little Havana apartment project

Ocean Bank provided financing for eight-story, 179-unit building already under construction Astor Companies nabbed a $36 million construction loan for a multifamily project that already broke ground in Miami’s Little Havana. Ocean Bank provided the financing for an affiliate of Astor, a Coral Gables-based firm led by Henry Torres, that is developing Havana Enclave…

ASPR Filed for 92-Unit Princeton Apartments At 12999 SW 248th Street In Princeton Neighborhood of Miami-Dade

An Administrative Site Plan Review (ASPR) application has been submitted to Miami-Dade County for Princeton Apartments, a new residential development at 12999 SW 248th Street in Princeton. The project is being developed by Princeton DCR LLC and designed by PPKS Architects. The property is located within the R-Edge Subdistrict of the Princeton Community Urban Center…

Miami International Airport in vital land expansion deal

Miami International Airport officials are deep in a time-sensitive deal cited as key to the growth of the airport’s airlines and to expanding both passenger and cargo operations. Aviation officials are meeting this week with the tenant of two county-owned hangars to re-acquire the buildings, demolish them, and then expand airport maintenance operations beyond the hangars…

Commercial lending in Miami-Dade remains fluid

South Florida’s commercial and construction lending market has remained healthy and fluid, local commercial lenders say. The commercial lending market is currently seeing plenty of capital in the system, said Greg Freedman, co-founder and co-CEO of BH3 Management. “It’s a very liquid environment in terms of providers of debt, capital for credit, and that market has remained fluid,” he said.

Domus Brickell Center Breaks Ground At 1034 SW 2nd Avenue In Miami

On Wednesday, September 10, North Development celebrated the groundbreaking of Domus Brickell Center, a 35-story tower that will deliver 579 fully furnished residences to Miami’s Brickell neighborhood. The project expands the developer’s Domus FLATS model, which merges modern living with hotel-level services and short-term rental flexibility.

35-Story Domus Brickell Center Breaks Ground

A groundbreaking ceremony was held this morning for Domus Brickell Center. “We are thrilled to break ground on Domus Brickell Center, capitalizing on the success of Domus Brickell Park and further bringing the FLATS vision to life in Miami,” said Ricardo Dunin, Founding Partner at developer North Development. Domus Brickell Center will include 579 fully-furnished residences…

CP Group Signs Leases With Five Tenants at One Biscayne Tower in Downtown Miami

CP Group has signed leases with five tenants totaling nearly 70,000 square feet at One Biscayne Tower, a 692,000-square-foot office tower situated in downtown Miami. FTI Consulting; Nelson Mullins Riley & Scarborough LLP; and Young, Bill, Boles, Palmer, Duke & Thompson renewed their current leases. Meanwhile, Alvarez & Marsal Tax LLC signed a new 23,092-square-foot lease…

Lincoln Road Enters New Era With City of Miami Beach’s $29.4 Million Upgrade At 16th Street

Miami Beach has broken ground on Phase II of its $29.4 million upgrade to Lincoln Road, the city’s iconic pedestrian promenade. A ceremony held on Friday, September 5, brought together city officials, project partners, and community representatives to mark the beginning of construction, which will bring new outdoor seating and an extended pedestrian…

Car Collector Community ‘Revault Miami’ Planned for 2026 Groundbreaking at 7410 NE Miami Court in Miami

Details have emerged regarding Revault Miami, an upscale car collector community that blends luxury living with climate-controlled storage. The project is being spearheaded by Miami-based Newgard Development Group, the firm behind projects like the Standard Residences Brickell and Natiivo. Spanning 65,000 square feet in two buildings, Revault Miami…

Rhapsody At Rainbow Village Tops Out at 2000 NW 3rd Avenue in Miami’s Overtown

Rhapsody at Rainbow Village, a $185 million affordable housing community in Miami’s historic Overtown neighborhood, has topped out. The milestone was celebrated on September 3rd and marks significant progress on one of the largest affordable housing developments in the region. Developed by Housing Trust Group (HTG), Rhapsody at Rainbow Village is planned to feature…

‘Mama Hattie’s House’ to Now Include Affordable Housing at 430 NW 9th Street in Miami

Girl Power Rocks (GPR), a non-for-profit organization focused on providing services and housing to young, at-risk women, has partnered with Housing Trust Group on a promising endeavor. Initially, GPR envisioned a five-story, 45,000-square-foot residential/educational facility that would exclusively serve vulnerable women. But with Housing Trust Group’s partnership…

Live Local Tower With Flatiron Corner Submitted To Miami UDRB

Plans for a residential tower have been revealed in a new filing with Miami’s Urban Development Review Board. The tower is planned with a distinctive flatiron corner that creates an iconic silhouette, project architect Corwil wrote in a letter to the board. “The tower is defined by curving vertical bands that rhythmically rib the structure, giving the impression of an exoskeletal…”

Miami Beach Wants Workers Living Local Without Giving In To Live Local Act

Miami Beach has been trying to limit hospitality development and push builders to prioritize workforce housing, but it is also at odds with developers who want to build skyscrapers that would include desperately needed apartments affordable for hotel workers. “If you want to destroy Miami Beach, you want to destroy our tourism-based economy, you want to stop Miami Beach…

Waldorf Astoria Supertall Construction Reaches Fourth Cube

A new video released by developer PMG shows how construction continues to advance at the Waldorf Astoria Hotel & Residences in downtown Miami. Construction now appears to have reached cube 4, where the first residential levels are planned on levels 42-49. A total of 9 offset cubes are eventually planned, with a height of 100 stories, or 1,049 feet above sea level.

Swire Partners With Harrods for Brickell Development, Including $50M Penthouse

Swire Properties has announced a partnership with Harrods Interior Design for a development in Brickell, becoming the brand’s first-ever collaboration with a residential development in the United States. The developer is building The Residences at Mandarin Oriental, Miami, which includes two towers. The South Tower will feature 228 residences, while the North Tower…

Uncovered: Miami Beach officials’ texts suggest bias against Nikki Beach Club operator

In group chat, ex-city attorney said he was “having multiple orgasms” about Jack and Lucia Penrod’s disqualification for city-owned land Miami Beach officials are probably wishing they could hit “unsend” on a two-year-old group chat that could boost Nikki Beach Club’s owner’s claims of favoritism against the city. Penrod Brothers, led by Lucia Penrod…

Tower Thirty Six Prana Tentative Plat Filed

Tentative platting documents have been filed with Miami-Dade for an Edgewater property where a mixed-use tower is planned. The filing was received by the county yesterday (September 9). Tower Thirty Six Prana is listed as the name of the proposed subdivision. A mixed-use building with 28,922 square feet of commercial and 373,741 square feet of office is listed as the proposed…

FAA Issues Determination For 3 Towers At Former Miami Herald Site

The Federal Aviation Administration has again issued a positive determination for 650 foot towers at the former Miami Herald property in downtown Miami. A determination letter was issued by the agency on September 8 to sponsor Resorts World Miami (a Genting Company). A description says that the filing is for three separate building structures. They are planned to range in height…

Four years after Surfside collapse, families still waiting for answers

Investigators outline warning signs in the year before the tragedy This means the Champlain Towers South investigation will take longer than the probes into the collapse of the Florida International University pedestrian bridge in 2018 and the World Trade Center twin towers in 2001. With more than $40 million allocated so far, the Surfside investigation also is costlier.

Investigators Say Faulty Pool Deck Likely Caused Deadly Surfside Collapse

Federal investigators say it is highly likely that structural issues in the pool deck caused the collapse of the Champlain Towers South that killed 98 people in Surfside, Florida, more than four years ago. In a presentation released on Tuesday by the National Institute of Standards and Technology to the National Construction Safety Team Advisory Committee, investigators also announced…

Lease roundup: Padel courts on tap in Palm Beach County; tech, music take space in Wynwood

Also, a Panamanian sushi restaurant opened its first US outpost in Doral An indoor padel club will open two Palm Beach County outposts. Xcel Padel leased 45,000 square feet at 17035 Persimmon Boulevard in Westlake, where it will open on Friday, according to the tenant’s news release. In November, Xcel Padel will open a 60,000-square-foot facility at 101 Sansburys Way….

Steve Witkoff Sold $120 Million Stake in His Company, Disclosure Shows

Steve Witkoff, the real estate investor who serves as Donald Trump’s special envoy for peace missions, sold an interest in his eponymous real estate management company for $120 million to resolve potential conflicts of interest, according to a financial disclosure released Saturday. The document doesn’t show whether it’s been approved by ethics officials at the White House…

Alta Developers launches sales for 238-unit Hollywood condo project

Raimundo Onetto ditched plans for 466-unit wellness-focused condo on the site Raimundo Onetto’s Alta Developers is launching sales for a planned 238-unit Hollywood condo project, The Real Deal has learned. The project was initially planned as a two-tower, 466-unit wellness-focused complex, replacing previous plans for a multifamily development. Onetto’s Alta is now…

238-Unit ‘Gaia Residences’ Set for 401 North Federal Highway in Hollywood

Next year, Alta Developers intends to start construction on an 18-story residential venture in Broward County. Gaia Residences is set to comprise 238 luxury condos, with floorplans spanning  studio to three-bedroom layouts. Tenants will have the option of having their units come fully furnished. The smallest homes start at $400,000, with the largest units pushing upward of $1 million.

Here are six competing proposals to build Fort Lauderdale’s new city hall 

Former government center building was demolished due to damage from 2023 flood Fort Lauderdale is attempting to find a developer for its new city hall, two years after the former government center was damaged in a flood from a historic rainstorm. Six groups filed proposals to build a new city hall at 100 North Andrews Avenue, with some of the applications proffering two…

Downtown Fort Lauderdale is a ‘real powerhouse’ of economic growth, says new report

Downtown Fort Lauderdale has a bigger economic footprint than either the nearby international airport or busy cruise and cargo port. “It’s a real powerhouse you know, packed in a 2.2 square mile site,” said Walter Duke, president of his own commercial real estate valuation firm. Duke led a study of the economic impact of downtown Fort Lauderdale conducted…

Investors sue Vlad Doronin’s OKO over stalled apartment project in downtown Fort Lauderdale

Three years after firm and its partner, Cain International, scored a construction loan, they have yet to select a general contractor, suit says Vlad Doronin’s OKO Group was hit with a lawsuit over its stalled 251-unit apartment project in downtown Fort Lauderdale. More than 40 investors in OKO’s planned 34-story One River tower say that the developer has failed to advance…

Stockbridge dips back into South Florida retail with $118M Uptown Boca purchase

San Francisco-based firm bought Whole Foods-anchored shopping center in Palm Beach County Stockbridge Capital Group picked up a major South Florida retail center with a $118.4 million purchase of Uptown Boca’s shopping component. An affiliate of San Francisco-based Stockbridge, led by Terry Fancher, bought the 150,591-square-foot shopping center anchored by a Whole Foods…

Stockbridge Pays $118M for Boca Raton Retail ‘Uptown Boca’

The Whole Foods Market within the Uptown Boca shopping center marks its seventh location in Palm Beach County. Image courtesy of JLL Capital Markets Stockbridge Capital Group has purchased Uptown Boca, a 194,927-square-foot retail center in Boca Raton, Fla., for $118.4 million. A joint venture of Schmier Property Group, Giles Capital Group, Rosemurgy Properties…

Terra, Frisbie mega-project in Boca Raton heading to referendum

Scaled-back project on public land would include 580 apartments, 160 condos, 80K sf of retail, 250K sf of offices The Boca Raton City Council agreed to wait for a voter referendum before formally approving a 99-year lease that would enable Miami-based Terra and Palm Beach-based Frisbie Group to build apartments, condos, retail, and offices on public land.

Lithia Motors revs up South Florida dealership portfolio with $51M West Palm Beach Purchase

Medford, Oregon-based firm acquired Acura, Hyundai showrooms in West Palm Beach Lithia Motors expanded its South Florida portfolio after paying a combined $51.4 million for a pair of West Palm Beach dealerships. In the larger deal, an affiliate of Medford, Oregon-based Lithia, led by Bryan Deboer, paid $27.9 million for Acura of Palm Beach, a 10-acre car retail site at 6870 Okeechobee…

The Berkeley Palm Beach Secures $62.5 Million Pre-Construction Loan From JVP Management

The Berkeley Palm Beach has closed on a $62.5 million pre-construction loan with New York–based JVP Management, marking a major milestone for the 25-story residential tower planned for 500 South Australian Avenue along Clear Lake in downtown West Palm Beach. “This milestone is more than financing; it is validation of West Palm Beach’s extraordinary trajectory,” said Al Adelson…

Tech Firm ServiceNow to Take 200K SF At Stephen Ross’ Next West Palm Beach Tower

Related Ross signed its first tenant for the under-construction 10 CityPlace office tower in West Palm Beach. ServiceNow, an enterprise software company, inked a nearly 200K SF lease to house its regional headquarters and an artificial intelligence institute at the building. The company plans to open its facility to support startup technology companies by 2028, according to a release.

$17 million bet: Tech giant ServiceNow moves to West Palm Beach, promises jobs and billions in impact

A prominent tech group is depending on more than $17 million in city and state funding to expand its business and outreach to West Palm Beach, promising hundreds of jobs and boosting the local economy by nearly $2 billion over five years. West Palm Beach Mayor Keith James called the decision “a movement,” as tech, city, and state leaders cements the city’s role as a regional tech…

O’Connor Capital and partners propose 175 workforce housing units, community center in Riviera Beach

Development group includes Urban Farmers and the Riviera Beach Housing Authority Riviera Beach’s Planning and Zoning Board unanimously backed land use changes that would enable a development group led by New York-based O’Connor Capital Partners to build a mixed-use workforce apartment complex with retail and a community center.

Quarterly demand for industrial space nationally falls for the first time in 15 years

Five years ago, when the pandemic pushed e-commerce to new highs, the industrial warehouse space became the biggest commercial real estate play around. It began to slow in 2022, but now economic uncertainty brought on by constantly changing tariff policy and persistently high inflation is taking a greater toll on the previously hot real estate sector. Just 27 million square feet…

Video: Ventas CEO Deborah Cafaro discusses how aging boomers could mean big business for senior living

In a recent conversation with Diana Olick, Deborah Cafaro, the CEO of Ventas, Inc., a $31 billion real estate investment trust (REIT), emphasized the promising future of senior living real estate. While the senior living real estate sector might have previously been overlooked, Cafaro argues that it is on the verge of a significant boom, primarily driven by the aging baby boomer…

U.S. Apartment Market Softens in August

After showing resiliency in recent years, the U.S. apartment market saw the return of mild annual rent cuts in August as occupancy softened. U.S. apartment occupancy eased a bit to 95.4% in August, according to data from RealPage Market Analytics. That was down 10 basis points (bps) from the July showing but still matched the market’s five-year average. Year-over-year, occupancy was up 130 bps.

Industrial Outdoor Storage Outpaces Bulk Warehouses In Rent Growth, Maintains Lower Vacancy Rates

The often-overlooked industrial outdoor storage (IOS) has recently been taking center stage, appealing to investors with outsized rent growth and lower vacancy rates than more visible segments. The IOS segment has delivered 123% rent growth since 2020, outpacing bulk warehouse, which posted gains of 58% over the same period, according to a report from Newmark.

Video: ICSC President & CEO Tom McGee on Navigating Real Estate Retail Trends

A Deep Dive into Retail’s Resilience and Future In the dynamic industry of commercial real estate, the confluence of retail, real estate trends, economic fluctuations, and business strategies form an intricate web of influences that shape the market’s trajectory. In a recent episode of America’s Commercial Real Estate Show the host engaged Tom McGee…

H1 2025 U.S. Office Market Tech Trends

The technology industry has become a major driver of the U.S. office market over the past three decades. While the San Francisco Bay Area remains the primary hub for tech talent and corporate headquarters, firms have been founded in or expanded significantly into other markets over the last decade to capitalize on lower-cost real estate and labor costs, while still accessing highly…

Duke Energy is looking into building data centers in Florida

With artificial intelligence and other technology driving massive increases in demand for electricity, Duke Energy Florida on Friday filed a proposal aimed at preparing for the possibility of data centers being built in the state. The proposal, filed at the Florida Public Service Commission, came as the issue is also part of a broad Florida Power & Light rate case.

Video: The DeSantis Doge Effort; Examining the Bid to Wipe Out Property Taxes in Florida

Florida Governor Ron DeSantis has recently ignited a conversation around the sensitive issue of property taxes. The governor’s proposed strategy, which he dubs as the ‘Doge effort,’ seeks to reduce costs and improve fiscal responsibility in local government spending. This comprehensive article provides a detailed analysis of this ambitious initiative, its feasibility…

U.S. Retail Monthly Foot Traffic & Sales Analysis August 2025

In August 2025, retail sales rose 3.5% year-over-year, but most of that growth came from inflation rather than higher transaction volumes. Apparel emerged as a standout category, posting one of the strongest performances, while experience-driven retail saw significant declines in visits. This month’s Retail Foot Traffic Analysis explores consumer trends, highlights top-performing…

7 Ways to reduce multifamily operational costs

Uncertain conditions continue to challenge commercial real estate operators. Rising interest rates, inflation concerns and shifting federal policies create an unpredictable environment, while the economy may be headed toward a recession. The evolution of other asset classes, including office, retail and industrial, could further cloud the multifamily outlook.

Video: PwC Real Estate Leader Tim Bodner on Outlook from Tariffs and OBBB, Interest Rate Expectations

On America’s Commercial Real Estate Show, the show’s host leads discussions on various topics affecting this sector. A recent episode brought Tim Bodner, global real estate leader with PWC, into the conversation. The discussion centered around the state of the commercial real estate market, the impact of the “One Big Beautiful Bill,” tariffs, and their implications for the economy…

Surveilling Security in Multifamily Properties

Security in multifamily properties is a critical consideration for property owners, managers and residents. Multifamily communities face unique security challenges due to their size, shared common areas and the diversity of people coming and going. Ensuring an effective security strategy in multifamily housing helps keep residents and staff safe while shielding owners from lawsuits.

The Fed’s Beige Book: Southeast Economy Slowed in Recent Weeks

Economic activity in the Southeast declined slightly over the past several weeks, according to the new Beige Book report from the Federal Reserve Bank of Atlanta. Contacts from several sectors reported that business had slowed during mid-July through August: consumer spending softened, leisure travel was down, and demand for both transportation and manufacturing activity fell.

Landmark Agreement Secures Housing For First Responders And Essential Workers At The HueHub In West Little River

The HueHub has signed a landmark agreement with Miami-Dade County unions to secure long-term rental stability for first responders and essential workers. The initiative will dedicate approximately 3,000 units within the forthcoming development for police officers, firefighters, county employees, Miami-Dade Sheriff’s Office staff, hospitality workers, healthcare professionals…

HueHub To Build 3,000 Units For Fire, Police, & Essential Workers

The HueHub has signed a deal with several local unions to build thousands of housing units for its members. The development is planned to include seven 35-story towers with 4,032 fully furnished units. A total of 3,000 apartments in the new complex will be reserved for members of local police, fire, county staff, Miami-Dade Sheriff’s Office staff, hospitality workers…

KEI expands North Miami-Dade holdings with Aldi-anchored center

North Miami-based firm paid $23M for Miami Gardens shopping plaza KEI Properties added to its North Miami-Dade County holdings after paying $22.5 million for an Aldi-anchored shopping center, as well as taking over a mortgage for the same amount. Three affiliates of North Miami-based KEI, led by Kenneth Israel, bought Palmetto Plaza at 15905, 16101, 16301…

Shvo sells former Epicure development site in Miami Beach to Infinity

Alton Road site was approved for mixed-use office, apartment project Michael Shvo sold his former Epicure assemblage on Alton Road, where he planned a luxury office and apartment project, to Infinity Collective, The Real Deal has learned. The sale comes as Shvo is fighting to hold onto control of the nearby Raleigh condo and hotel development on Collins Avenue…

Paxton proposes 230-unit affordable housing complex in Princeton

Developer previously planned to use Live Local Act, but its most recent site plan makes no mention of the state law A development firm proposes a 230-unit affordable housing complex in Princeton, as project applications continue to flow in south Miami-Dade County. Miami-based Paxton Development Group wants to build the Legacy Park project, consisting of a pair…

Alcazar plans 211-unit Naranja multifamily complex with workforce housing

Developers are seizing on south Miami-Dade’s vast supply of land that sells for less than sites elsewhere A development firm plans a 211-unit multifamily complex with some workforce units in south Miami-Dade County’s Naranja neighborhood. The project comes amid a massive pipeline of apartments, townhomes and single-family homes in south Miami-Dade.

Indictment derails vote on Miami Marine Stadium deal 

Oak View Group ex-CEO denies DOJ-alleged bid-rigging Plans to redevelop Miami Marine Stadium were derailed by an indictment brought against the former CEO of the company tapped to oversee the restoration. The City of Miami was set to vote Friday, Sept. 5 to send a referendum on the proposal to the November election, the Miami Herald reported.

Health care honcho buys 129-unit multifamily complex in Kendall for $28M 

Rudy Rodriguez-Duret, founder of Centrum Health, paid $219K per apartment A health care executive bought a 129-unit apartment complex in Kendall for $28.3 million. Rudy Rodriguez-Duret bought the Sunset Apartments complex at 8951 Sunset Drive in an unincorporated area of Miami-Dade County, according to the buyer’s news release.

Harvey Hernandez shifts gears with luxury car condo project in Little River

Developer plans mixed-use building with indoor padel club Developer Harvey Hernandez switched lanes for his latest project, a planned luxury car condo building with an indoor padel club, concierge and events. Hernandez’s Newgard Development Group paid $8.2 million for the block at 7400 to 7410 Northeast Miami Court, 40 Northeast 75th Street and 19 Northeast 74th Street…

Judge gives Dan Kodsi two months to pay $35M debt in Legacy Miami Worldcenter foreclosure

Monarch took over the loan in June, sued to foreclose a month later Developer Dan Kodsi may be one step closer to resolving a foreclosure lawsuit brought by his lender for the Legacy Hotel & Residences project at Miami Worldcenter. An order entered by Miami-Dade Circuit Court Judge Spencer Eig gives Kodsi’s Legacy MWC Trustee just over two months to pay its lender…

Frisbies are partnering with “anti-woke” 1789 Capital on $1B South Florida fund

1789’s partners include Donald Trump Jr. and Omeed Malik; group to focus on Palm Beach, Boca Raton investments 1789 Capital, the investment firm in which Donald Trump Jr. is a partner, is teaming up with Frisbie Group on a $1 billion fund for South Florida real estate. The partnership has been in talks with investors in recent weeks and is believed to already…

Receiver Alan Fine takes over troubled 1212 Aventura mixed-use project

Office condo buyers recently were forced to vacate after developer allowed temporary certificate of occupancy to expire Receiver Alan Fine is taking over the distressed 1212 Aventura mixed-use project after more than a dozen office condo owners were forced to vacate the property this summer. In an order signed on Tuesday, Miami-Dade Circuit Court Judge Thomas Rebull…

PPG, partners score $235M to build 728-unit North Miami Beach multifamily project 

BDT & MSD provided $205M loan, Skylight and Meadow invested $30M in preferred equity PPG Development and its partners scored $235 million to build a 728-unit multifamily project in North Miami Beach. The financing package consists of a loan and a preferred equity investment. The deal comes as construction lending continues to flow in South Florida…

Michael Stern, David Martin buy Miami Beach development site, Bikini Hostel property for $120M 

Developers financed the purchase with a $98M loan from Northwind Developer Michael Stern’s JDS and David Martin’s Terra bought the development site for a planned waterfront condo tower in Miami Beach for roughly $120 million, The Real Deal has learned. The developers completed the bulk purchase of Bay Garden Manor at 1250 West Avenue, according to sources.

SB Development, Hazelton score $170M construction loan for Edgewater condo tower 

Securing financing for 40-story, 134-unit Cove Miami “wasn’t easy,” developer says SB Development Group and Hazelton Capital Group scored a $170 million construction loan for their planned waterfront Edgewater condo tower, Cove Miami. The partners secured financing from Bravo Property Trust, a New York City-based firm led by founder and CEO Aaron Krawitz, according to a press release. It’s been two years since New York-based SB Development and New York-based Hazelton……

Waterton sells 427-unit apartment complex in West Miami at a discount for $111M

Waterton Residential sold a 427-unit apartment complex in West Miami for $111 million, marking a 4.7 percent discount from its purchase price nearly a decade ago. Chevy Chase, Maryland-based FCP, or Federal Capital Partners, bought District West Gables, consisting of a pair of seven-story buildings at 2001 and 2101 Ludlam Road/Southwest 67th Avenue, from Chicago-based Waterton…

Lease roundup: Stearns Weaver renews nearly 100K sf lease at Moishe Mana-owned tower in downtown Miami

Also, a boat dealer plans offices in Fort Lauderdale and Jupiter as it prepares for its IPO Stearns Weaver Miller Weissler Alhadeff & Sitterson is staying at downtown Miami’s Museum Tower. The law firm renewed its 96,800-square-foot lease at the tower at 150 West Flagler Street, according to a news release from the landlord’s broker. Museum Tower…

Alirio Torrealba revs up MG Developer’s South Florida pipeline 

Venezuelan builder who led wave of projects in Coral Gables plots next moves amid market headwinds When Alirio Torrealba got started in the real estate business in South Florida, he had neither experience in development nor proficiency in English. He somehow still led the wave of new townhome and condo development in Coral Gables, before expanding into multifamily.

Miami developers hunt for condo buyers from London to Latin America

Strategy marks a return to brokers’ playbook of previous cycles The line to register at the Real Estate Expo Argentina, a two-day conference at the Hilton in Buenos Aires, stretches around the property, probably 300 feet, the biggest turnout Fortune International Group CEO Edgardo Defortuna has ever seen there. Defortuna, a native Argentinian, was among the crowd at the expo…

HRP-led entity is mystery buyer paying $180M for Fisher Island dev site

TransMontaigne is selling 10-acre fuel depot that would require environmental cleanup prior to redevelopment An entity led by HRP Group, a Chicago-based real estate firm specializing in redeveloping contaminated properties, is the mystery buyer paying $180 million for a 9.6-acre development site on Miami Beach’s Fisher Island, The Real Deal has learned.

Harry Gross’ G-Holdings sues to undo rezoning for rival Aventura dev site

New York-based hotelier alleges city approval negatively impacts planned condo and hotel on adjacent land Harry Gross’ G-Holdings is seeking to downsize an Aventura mixed-use project planned by another developer, alleging it would hurt his own condo-hotel development on an adjacent site. An affiliate of New York-based G-Holdings is suing the city of Aventura and the developer…

R&B Realty officially loses Gateway at Wynwood

Cire Equity is Miami mixed-use building’s new owner after acquiring $90M credit bid that won bankruptcy auction R&B Realty’s Hail Mary effort to retain ownership of Gateway at Wynwood failed. Two affiliates of R&B Realty, led by Aron Rosenberg, were unable to refinance a delinquent $112.9 million mortgage by an Aug. 22 deadline, filings in New York federal bankruptcy court show.

MetLife, MDM score $79M refi for downtown Miami’s JW Marriott Marquis

Madison Newbond, a hospitality financing arm of Madison Realty Capital and Newbond Holdings, is the lender MetLife Investment Management and MDM Group scored a $79.3 million refinancing for their 357-key JW Marriott Marquis Miami. Madison Newbond, a hospitality financing arm of Madison Realty Capital and Newbond Holdings…

Resia exits planned Medley rental complex, new dev team enlarges project to over 1K units

Palmetto Station originally was approved two years ago for 948 apartments Resia relinquished development of the Palmetto Station apartment complex in Medley to a real estate group that is enlarging the project to 1,152 units, The Real Deal has learned. Jose Gonzalez of GLC Real Estate, Ivan Herrera of Unicapital Asset Management Group and Alex Lastra of Desarrollo…

Longpoint buys warehouse complex in Doral for $32M 

Longpoint Realty Partners bought a fully leased industrial complex in Doral for $31.5 million, The Real Deal has learned. Longpoint bought Tree Garden Business Park at 4005 and 4055 Northwest 79th Avenue in an off-market deal, according to broker Jose Sasson-Lerner. Sasson-Lerner worked with Roberto Susi, both of Axiom Capital Advisors, to represent Longpoint…

Turkish developer opens Okan condo-hotel tower to EB-5 investors

It will release 30 foreign investor slots at a time Turkish developer Okan Group is now eligible to raise EB-5 funds for its Okan Tower in downtown Miami, allowing foreign investors to help finance the Hilton-branded condo-hotel tower, The Real Deal has learned. When completed, Okan Tower will include a 316-key Hilton hotel, 236 condo-hotel units managed by Hilton…

Continuum secures construction loan for second phase of Bay Harbor Islands condo project

Developer says 57-unit building is 75 percent presold The Eichner family’s Continuum Company secured a $67 million construction loan for the second phase of its Bay Harbor Islands condo project. New York and Miami-based Continuum received the financing for La Baia North from S3 Capital Partners, a New York-based alternative lender that provides middle-market construction…

Robert Rivani doubles down on Lincoln Road with $37M retail purchase

Investor bought former theater building now anchored by H&M Robert Rivani is doubling down on Miami Beach’s Lincoln Road, acquiring a former theater now anchored by fashion retailer H&M for $37 million. An affiliate of Miami-based Rivani, formerly called Black Lion, bought Lincoln Theatre, a historic Art Deco building at 551 Lincoln Road, a press release states.

David Martin joins Michael Stern and his partners on planned South Beach condo tower

Martin’s Terra now has an interest in the deal, spokesperson says Developer David Martin is now involved in Michael Stern’s planned luxury condo tower in Miami Beach, sources told The Real Deal. State records show that in late July, Martin’s name and Terra’s address were added to LLCs that are tied to the planned project. JDS Pulse, an anonymous blog that Stern…

Hamilton plans 114K sf of warehouses on Baptist Health site in Country Walk

Firm founded by former Panattoni execs paid $12M for the south Miami-Dade County property Hamilton Development plans to replace a Baptist Health South Florida office building with a 113,900-square-foot warehouse complex. The Nashville-based firm bought the property at 14100 Southwest 136th Street in unincorporated Miami-Dade County from Baptist Health for $12.3 million…

Lease roundup: Amazónico restaurant opening first US outpost in Brickell, padel facility on tap in West Palm 

Also, a kosher Mediterranean eatery preleased at Aura North Miami Beach A famous jungle-themed restaurant with outposts in Dubai, London, Madrid and Monte Carlo will open its first U.S. outpost in Miami’s Brickell. Amazónico leased about 40,000 square feet on three floors at the 800 Brickell office tower at 800 Brickell Avenue, according to Babak Ebrahimzadeh…

What’s next for the late Isaac Kodsi’s Coconut Grove condo project 

He was nearing completion of Arbor Residences, a Coconut Grove condo project that he acquired out of foreclosure in 2023. He was working closely with two of his adult children, Joseph and Camilla, at the family firm. Kodsi’s brother, condo developer Dan Kodsi, will work with Camilla to complete the 45-unit building at 3034 Oak Avenue, just north of the neighborhood’s downtown…

Astor Companies Start Construction on Havana Enclave at 315 NW 27th Avenue in Miami’s Little Havana

The Astor Companies, led by Henry Torres, has commenced construction on Havana Enclave, a 179-unit residential development planned for 315 NW 27th Avenue on the western edge of Miami’s Little Havana neighborhood. Designed by Hamed Rodriguez Architects with BDI Construction serving as general contractor, the project rises on a 1.17-acre parcel with delivery anticipated at the beginning of 2027….

‘Sixty Uptown Magic City’ to Feature 349 Luxury Apartments at 6001 NE 2nd Ave in Miami

The Federal Aviation Administration (FAA) has approved the height of a high-rise residential tower planned for Miami’s evolving Magic City Innovation District. Sixty Uptown Magic City is set to measure 309 feet above sea level, rising 25 stories above grade. It will comprise 349 luxury apartments. Future residents will have access to “a host of world class amenities,” along with 13,200 sf…

Hidden deterioration sets Coconut Grove Playhouse back a year

Despite the discovery of structural issues that could extend the first phase of construction by a year, county officials say they are pursuing strategies to advance other work in parallel on the restoration of the Coconut Grove Playhouse. In March, a construction contract was awarded to John Bell Construction for Phase I, which includes asbestos abatement…

Vote on sale of historic Olympia Theatre in downtown Miami put off

Miami officials had planned to revisit the proposed sale of the Olympia Theatre to SLAM Academy during this week’s commission meeting, but they have deferred the item to later this month. The deal appears on the Sept. 11 Miami City Commission agenda with a bold note labeling it “may be deferred.” First announced in June, commissioners have already delayed the sale twice…

37-Story Condo Tower ‘One Twenty Brickell Residences’ Under Construction In Brickell Already Sold Out

In Brickell, a condo tower called One Twenty Brickell Residences that recently broke ground has reached sell out. Developer PMG said that all of the 266 condos have now been sold, even though the building won’t be completed until 2028. Plans for One Twenty Brickell Residences were first announced in March 2024, with groundbreaking taking place May 2025.

Faena Residences in Miami Submitted To FAA At 802 Feet

The proposed heights of the Faena Residences towers in Miami have been submitted to the FAA for review. Faena Residences is planned to include two 60-story towers, connected at the top by a “cultural epicenter.” The buildings will have 440 condos, and are being designed Rafael Viñoly Architects. It is one of the last works by the late architect Viñoly. According to a July filing…

Miami Beach Expanding Lincoln Road Pedestrianized Area

Miami Beach has broken ground on a $29.4 million construction project that will see a portion of Lincoln Road rebuilt while expanding the pedestrianized area. Drexel Avenue from Lincoln Lane South to Lincoln Lane North will become pedestrianized as part of the project. There will also be a new outdoor performance space built on Lincoln Road at the intersection of Drexel Avenue.

211-Unit ‘Aura Living’ Planned for Southwest 152nd Avenue in Miami-Dade Naranja Community

South Florida-based Alcazar Development Group intends to move forward with a multi-family housing community in unincorporated Miami-Dade County. Aura Living is set to comprise 211 apartments, with at least 27 homes designated as workforce housing. Miami-Dade County defines workforce housing as residences reserved for tenants earning 60 to 140 percent of the area median…

Northwind Group Provides $98M for Acquisition, Redevelopment of 1250 West Avenue in Miami Beach

Northwind Group has provided a $98 million senior loan for the acquisition and redevelopment of 1250 West Ave., an existing 238-room condominium building located in Miami Beach. Terra is leading the project in partnership with JDS Development Group, Rafi Gibly and Gianluca Vacchi, which acquired more than 95 percent of the units at the property.

$170M Construction Financing Secured For 40-Story Edgewater Tower

The developers planning a 40-story tower in Edgewater have announced that they have secured construction financing. SB Development Group and Hazelton Capital Group said they secured $170 million in construction and land financing from Bravo Property Trust for the Cove Miami development. Cove Miami is planned to include 134 luxury residences.

Miami Worldcenter Metromover Station Is Now Open

The Miami Worldcenter Metromover station opened today, according to Miami-Dade Transit. The station was formerly known as the Park West station, before it closed for a major renovation. The renovation began in January. At the time, Miami-Dade Transit said the work was expected to last for up to six months. Enhancements include, replaced tiles, new entrance canopies…

‘Palm Aire’ Set for Former Site of NSU Dental School at 1750 N.E. 167th Street in North Miami Beach

Construction is anticipated to start on Palm Aire, a multi-family housing development in North Miami Beach, by the end of this September. The community will comprise five buildings measuring three to eight stories above grade. They will offer 728 one-bedroom to three-bedroom apartments, along with 1,200 square feet of commercial space. Residents will enjoy access to 985…

Raymond Jimenez To Design Interiors And Amenities For MG Developer’s Alhambra Parc In Coral Gables

MG Developer has announced that Raymond Jimenez, founder of Raymond Nicolas and featured designer on Netflix’s Designing Miami and HGTV’s Divided by Design, will lead the interior design of Alhambra Parc, a 10th anniversary milestone project for the firm. Located at 33 Alhambra Circle, the mixed-use development is being designed by Bellin & Pratt Architects and will rise…

Madison Capital Arranges Equity for $84M Multifamily Development Underway in North Miami

Madison Capital Group has arranged preferred equity financing for Urbania NoMi 125th, an $84 million luxury multifamily development in North Miami. The equity source was not released. The developers of the 12-story, 195-unit community include Continua Development and Oldtown Capital Partners. Construction is underway and the development is expected to come on line in 2026.

SB Development and Hazelton Capital Secure $170 Million Construction Loan for Cove Miami in Edgewater

New York-based SB Development Group and Hazelton Capital Group have closed on $170 million in construction and land financing for Cove Miami, a 40-story luxury condominium set to rise in Miami’s Edgewater neighborhood. The financing, provided by Bravo Property Trust—an affiliate of Bravo Capital—marks a major milestone for the bayfront project…

Aventura to Review 14-Acre Uptown Aventura Mixed-Use Proposal by Royal Palm Companies

Royal Palm Companies, led by developer Daniel Kodsi, has submitted plans for Uptown Aventura, a large-scale mixed-use district designed by Arquitectonica. Spanning 13.93 acres between Northeast 214th Street to the south, the county line to the north, Biscayne Boulevard to the east, and East Dixie Highway to the west, the site has been formally designated “Uptown Aventura” by the City Commission….

County sidetracks opening of finished Miami Center for Mental Health and Recovery

The Miami Center for Mental Health and Recovery, now sitting vacant awaiting its opening, has run into a roadblock as the county commission has sidetracked approval over concerns about sustainability of long-term funding, the center’s control and its operator. The center, which is intended to treat appropriately mentally ill persons now caught up in jails and the justice system…

Salmon farmer Atlantic Sapphire moves toward major expansion in Homestead

An aquaculture complex near Homestead is about to get a financing boost that will lead to production growth from last year’s 4,400 metric tons of fresh-water bluehouse salmon to a projected 25,000 tons of salmon in two years and a long-term target of 220,000 tons a year. Miami-Dade commissioners are poised this week to reapprove the issuance of $250 million in bonds…

Miami Marine Stadium bid asks $500,000 yearly fee, commissions

A deal to reactivate Miami Marine Stadium could head to voters this fall, potentially ushering in a new chapter for the long-shuttered waterfront venue. At a special meeting Sept. 5, commissioners could advance a ballot measure that would go before voters in November, and if approved, the deal would move forward with Global Spectrum L.P. the proposed operator of the stadium…

ASPR Application Submitted For Southland Pines 32-unit Townhome Development In South Miami Heights

Southland Pines LLC, an affiliate of DCR Capital Partners, has submitted an Administrative Site Plan Review (ASPR) application to Miami-Dade County for Southland Pines, a build-for-rent townhome community in South Miami Heights designed by Fred R. Cardoso Architect. The 4.28-acre site spans two parcels at the southwest corner of SW 193rd Terrace and SW 125th Avenue…

Developers Seek Approval for 17-Story Condo at 6985 Collins Avenue in Miami Beach

BHK Crystal Beach LLC, an affiliate of BH Group and Kolter Group, hopes to move forward with a luxury, boutique housing development. The 17-story tower would replace two hotels built in the 1930s and 1950s, and it would comprise 37 condos. One hotel, the Crystal Beach Suites, would cease operations after more than 70 years, while the other hotel, the Normandy Plaza Hotel…

ASPR Filed By Related Group Affiliates For 27-Story, 460-Unit Workforce Housing Tower In Miami’s Health District

Gallery at Wagner Creek, LLC and RUDG, LLC, both affiliates of Related Group, have filed an Administrative Site Plan Review (ASPR) application with Miami-Dade County for Gallery at Wagner Creek, a two-phase mixed-use development planned for the Jackson Medical Towers site at the southwest corner of NW 16th Street and NW 12th Avenue. Advanced in partnership…

Continuum Company Secures $67 Million Construction Loan For La Baia North In Bay Harbor Islands

Continuum Company has closed on a $67 million construction loan from S3 Capital to advance La Baia North, the developer’s second boutique bayfront condominium in Bay Harbor Islands. Located at 9481 East Bay Harbor Drive, the eight-story development will comprise 57 residences and is already 75 percent pre-sold. Delivery is anticipated at the beginning of 2027.

Law Firm Stears Weaver Re-Ups for 97 KSF in Downtown Miami

Museum Tower rises 29 stories in Miami’s CBD. Image courtesy of Colliers Stearns Weaver Miller has renewed its 96,762-square-foot lease at Museum Tower in downtown Miami. The law firm is the largest tenant in the 266,697-square-foot building owned by Mana Properties. The roster also includes the General Services Administration and the Federal Public Defender Southern District…

Madison Newbond Originates $79.3M Refinancing for JW Marriott Marquis Miami Hotel

Madison Newbond, a lending platform of Madison Realty Capital and Newbond Holdings, has originated a $79.3 million loan for the refinancing of JW Marriott Marquis Miami, a 41-story hotel located at 255 Biscayne Blvd. Way in downtown Miami. Paul Stasaitis, Kevin Davis, Mark Fisher and Henry Winchester of JLL arranged the three-year, floating-rate loan.

Swire Properties Announces Partnership With Harrods Interior Design At The Residences At Mandarin Oriental on Brickell Key

Swire Properties has announced an exclusive partnership with Harrods Interior Design for The Residences at Mandarin Oriental, Miami. The collaboration marks the British retailer’s first residential development project in the United States and introduces bespoke design services for future buyers on Brickell Key. Each purchaser at The Residences will receive a complimentary…

FCP Acquires 427-Unit District West Gables Apartments in West Miami

FCP has acquired District West Gables, a 427-unit midrise apartment community located at 2001 Ludlam Road in West Miami. The seller and sales price were not disclosed. Hampton Beebe of Newmark represented the seller in the transaction. Additionally, Matt Williams, Daniel Matz and Rob Wright of Newmark arranged an undisclosed amount of acquisition financing on behalf of FCP.

CWV Group Proposes 104-Unit Apartment Complex for 1035 NW 36th Street in Miami

Miami-based CWV Group has proposed its first apartment complex in South Florida. The unnamed eight-story building would comprise 104 residences, with 42 designated as workforce housing for those earning up to 120 percent of the area median income (AMI). Public records note that Miami-Dade County’s median income is currently $87,200 a month…

Exterior Work Progresses On Nexo Residences In North Miami Beach

Exterior work is advancing at Nexo Residences, a 16-story, 254-unit short-term rental condominium development at 13899 Biscayne Boulevard in North Miami Beach. Designed by Carlos Ott in collaboration with Frankel Benayoun Architects Inc., with interiors, common areas, and landscaping by Urban Robot, the project is being developed by Fortune International Group and Blue Road.

Revealed: OKO and Cain’s planned Palm Beach condos will be Aman-branded

After years of local speculation, architect confirmed brand’s involvement OKO Group and Cain International’s proposed three-building Palm Beach condo project will carry the Aman brand. OMA architect Jason Long confirmed the hospitality brand’s affiliation with the project at a Palm Beach Architectural Review Commission (Arcom) meeting on Wednesday…

Mormon church pays $153M for 384-unit Boca Raton apartment complex

Deal marks religious institution’s continuing investment in South Florida properties The Church of Jesus Christ of Latter-day Saints’ real estate investment arm picked up a 384-unit apartment complex in Boca Raton for $152.5 million. The deal marks the church’s continuing investment in South Florida properties over the past two years. The religious institution has made…

Tyko lends $285M to Terra, Sympatico for Mr. C West Palm Beach project

110-key hotel, 146-unit branded condo development is 70% presold David Martin’s Terra and the Morrison family’s Sympatico Real Estate secured a $285 million construction loan for their planned Mr. C Hotel & Residences West Palm Beach. Tyko Capital, a New York-based real estate firm backed by Elliott Investment Management, is the lender.

Steve Ross scores $340M refi for One Flagler tower in downtown West Palm Beach

25-story building marks first building completed under Related Ross, formed last year Billionaire Steve Ross scored a $340 million refinancing for the One Flagler office tower, completed this year in downtown West Palm Beach. Related Ross, Ross’ real estate firm formed last year, obtained the loan from BDT & MSD Partners for the 25-story building at 180 Lakeview Avenue…

Texas HVAC firm pays $16M for Fort Lauderdale office building for its regional HQ

Lennox Industries bought an office building in Fort Lauderdale for $16 million, with plans to open its Southeast U.S. headquarters. Richardson, Texas-based Lennox, which provides climate control services to residential and commercial properties, purchased the 30,000-square-foot building at 2001 South Andrews Avenue, according to records and real estate database Vizzda.

Mill Creek, Group P6 score $101M construction loan for 306-unit Boca Raton apartment project 

Firms paid $18M for dev site now home to an office building Mill Creek Residential and Group P6 scored a $100.9 million construction loan for a 306-unit apartment building in downtown Boca Raton. The deal comes amid a continuing flow of financing for South Florida multifamily projects, despite elevated interest rates, skyrocketing insurance and slower lease-ups of rental buildings.

Lease roundup: Fortune 500 AI company opening at one of Steve Ross’ West Palm towers 

Also, a South Florida homegrown chicken restaurant is expanding in Palm Beach County A major cloud computing company will open at an office tower under construction at CityPlace in downtown West Palm Beach, giving boost to billionaire Steve Ross’ plans to turn the city into a tech hub. ServiceNow, a Fortune 500 company that aids businesses to organize and automate tasks…

Al Adelson, Sympatico score $63M loan for West Palm Beach condos  

Al Adelson and the Morrison family’s Sympatico Real Estate scored a $62.5 million pre-construction loan for their planned West Palm Beach condo tower, the Berkeley, The Real Deal has learned. The developers secured the financing from New York City-based JVP Management, according to a press release. The firm’s head of credit strategies, Anthony Shaskus…

Estate scores $60M construction loan for 255-unit multifamily project in Riviera Beach 

Busy developer paid $8 million for 16 acre site in 2021 Estate Companies secured a $60 million construction loan for a 255-unit apartment complex in Riviera Beach. The deal comes amid steady lending flow in South Florida, despite elevated interest rates, skyrocketing insurance, slower lease-ups and other economic headwinds. South Miami-based Estate plans the four-story Soleste…

Beztak, Wexford’s plan to expand apartment project heads to Boca Raton council

Planning and zoning board greenlit plan to add 21 apartments, school and gym to multifamily development A joint venture between Beztak and Wexford Real Estate secured approval from Boca Raton’s Planning and Zoning Board to expand their previously approved apartment project. The approval allows Farmington Hills, Michigan-based Beztak and West Palm Beach-based Wexford…

Tavistock completes third condo project at 32-acre Pier Sixty-Six redevelopment

Tavistock Development Company completed the third condominium in its 32-acre Pier Sixty-Six redevelopment. The developer, led by British billionaire Joe Lewis, received its certificate of occupancy for the 11-story, 28-unit Indigo at 2301 Southeast 17 Street in Fort Lauderdale, according to a press release. Closings at the building have begun, among them Randy…

Portman secures approval for Pompano Beach mixed-use apartment project

Construction on eight-story, 397-unit development to kick off in coming months Atlanta-based developer Portman got the green light for a mixed-use apartment project in Pompano Beach, which has emerged as a hotbed of development in Broward County. The Pompano Beach Planning & Zoning Board approved the eight-story project slated for 2400 East Atlantic Boulevard last week.

Remaking a skyline: Status of West Palm Beach’s condo pipeline

More than 2,000 units planned and billions of dollars invested, but sales aren’t at “Miami pace” Halfway through a decade that is redefining West Palm Beach’s skyline, developers have more than a dozen condo projects in the pipeline totaling more than 2,000 units, according to an analysis by The Real Deal. Construction loans for four projects total nearly $1.4 billion…

Richman nabs $62M in financing for Lake Worth Beach workforce housing project

Greenwich, Connecticut-based firm obtained three separate loans for construction of five-story building with 195 apartments Richman Group nabbed $62.3 million in financing to begin construction of a Lake Worth Beach workforce housing project. Merchants Bank of Indiana provided the bulk of the construction funds with a $47 million loan, records show.

MMG scores approval, $6M in tax incentives for Plantation apartments

Eight-story, 307-unit Residences at Plantation Square will include 123 workforce apartments MMG Equity Partners scored site plan approval and $6 million in tax incentives for its planned Residences at Plantation Square. The eight-story, 307-unit multifamily project at 8190 West Sunrise Boulevard is part of MMG’s 10.4-acre Plantation Square mixed-use development.

Revealed: OKO and Cain’s planned Palm Beach condos will be Aman-branded

After years of local speculation, architect confirmed brand’s involvement OKO Group and Cain International’s proposed three-building Palm Beach condo project will carry the Aman brand. OMA architect Jason Long confirmed the hospitality brand’s affiliation with the project at a Palm Beach Architectural Review Commission (Arcom) meeting on Wednesday…

Boca Raton residents rally against proposed Terra and Frisbie megaproject

Opponents collected signatures to seek a referendum on 1.5M sf development on public land Despite opposition from dozens of residents seeking a referendum, Boca Raton’s mayor and three council members vowed Tuesday to continue negotiations with Terra and Frisbie Group for a future megaproject slated to be built on about 31 acres of public land.

Developer wins approval for 164-bed assisted living facility in Davie

Davie Mayor Judy Paul cast the sole votes against the project, citing her opposition to its size A developer won approval in Davie to build a 164-bed assisted living facility, despite opposition from the town’s mayor. All the beds would be occupied by elderly people incapable of independent living who need assisted living services or memory care.

Boca Raton board approves Batmasians’ project near Mizner Park

12-story, 242-key hotel would include 19K sf of retail and 16K sf of restaurants Boca Raton’s Planning & Zoning Board voted in favor of developers James and Marta Batmasian’s proposal to build a mixed-use hotel near the Mizner Park shopping and entertainment district. Despite pleas from downtown area condo residents, the board voted 5 to 1 on Thursday…

Hollywood Planning and Development Board to Review ‘Parkside Vue’ for 1809 Madison Street in Hollywood

South Florida-based developer Las Villas JDL, LLC hopes to get approval for an eight-story mixed-use venture near Hollywood’s Young Circle. Parkside Vue would comprise close to 45,000 square feet of new construction, offering 44 apartments. Floorplans would include one-bedroom to two-bedroom layouts, with the average unit spanning 667 square feet.

Milestone buys 206-unit apartment complex near Boynton Beach for $46M 

Deal comes amid uptick in South Florida multifamily investment sales The Milestone Group bought a 206-unit apartment complex near Boynton Beach for $46.4 million, marking an uptick in South Florida multifamily investment sales. Dallas-based Milestone bought the Casa Brera at Toscana Isles at 4725 Via Bari in unincorporated Palm Beach County from Ramsey…

Developers advance 173-unit rental project in Hallandale Beach

Developers advanced plans to build Blue Park, an eight-story rental complex with 173 units in Hallandale Beach, two blocks west of the Gulfstream Park racetrack and casino. The Hallandale Beach City Commission voted unanimously Tuesday to approve a site plan for Blue Park and rezone, on second reading, one of four parcels in the development site on Southeast Eighth Street…

‘Soleste on the Trail’ to Feature 255 Apartments at 7920 N Military Trail in Riviera Beach

An affiliate of Miami-based Estate Cos. has secured a multi-million-dollar construction loan for an apartment complex in Riviera Beach. Soleste on the Trail is a four-story, 255-unit development set to occupy a 15.8-acre lot. The one-bedroom to three-bedroom homes will measure 700 to 1,000 square feet and come outfitted with stainless steel appliances…

Astor Progreso Village Planned As 12-Story Mixed-Use Development In Fort Lauderdale

Plans have been filed for Astor Progreso Village, a 12-story mixed-use development at 4 NW 7th Street in Fort Lauderdale’s Progreso Village neighborhood. The 341,635-square-foot project is being developed by Midtown Capital Partners and designed by CUBE 3. The triangular site, formerly used as a salvage yard, sits within the Northwest Regional Activity Center…

Schickedanz Gets Approval for 25-Unit ‘IslePointe’ in Wellington

West Palm Beach-based Schickedanz Building Group is moving forward with a luxury single-family housing development on land once slated for equestrian purposes. IslePointe, located in Wellington, will comprise 25 two-story homes, with the average residence costing more than $3 million. Conceptual renderings show that each home will feature a private swimming pool.

‘The Residences at Lake Worth’ Undergoes Construction at 2431 2nd Avenue North

Construction has started on a workforce apartment complex in Palm Beach County. The Residences at Lake Worth is slated to measure five stories above grade, comprising 195 apartments. Homes would span one-bedroom to three-bedroom layout plans, and the venture would host a variety of amenities, including (but not limited to) a 4,980-square-foot clubhouse and swimming pool.

Pier Sixty-Six Residences in Fort Lauderdale Announces Completion

Pier Sixty-Six Residences, the residential component of Tavistock Development Company’s multi-billion-dollar reimagining of Pier Sixty-Six, has achieved several significant milestones. Indigo, the final of four residential buildings within the master-planned waterfront community, has received its certificate of occupancy, marking the full completion of its 88 residences.

Major 973-Unit Development Could Replace Pan American Estates Mobile Home Park at 150 NW 68th Street in Fort Lauderdale

Fort Lauderdale’s City Commission intends to review plans for a major redevelopment that would bring 973 homes to the region. Cypress Development LLC wants to replace the 22.8-acre Pan American Estates Mobile Home Park with a three-phase development that would yield rowhomes and apartments. More specifically, plans call for nine five-story apartment buildings…

Groundbreaking Held For The Residences At Martin Manor In Boca Raton’s Pearl City

Leaders from the City of Boca Raton, the Boca Raton Housing Authority, Atlantic Pacific Companies, Citi Community Capital, and First Horizon Community Investment Group have officially broken ground on The Residences at Martin Manor, a major affordable housing redevelopment in Boca Raton’s historic Pearl City neighborhood. The project replaces the former Dixie Manor…

90-Unit ‘Hallandale Central Park’ Proposed for 125 SE 5th Street in Hallandale Beach

Developer Hallandale Central Park LLC has proposed an eight-story multifamily housing project in Broward County. Hallandale Central Park would occupy a 0.77-acre site assembled for $2.32 million in 2022 and 2023. The project, comprising 91,020 square feet of new construction, would replace the 11 apartments currently on the site with a 90-unit residential development.

‘Neighborlee Living Westgate’ Proposed for 2818 Westgate Avenue in West Palm Beach

Boynton Beach-based Neighborlee Development LLC has proposed a mixed-use venture in Palm Beach County. Neighborlee Living Westgate would comprise 38 residences: 26 micro-units, 10 studios, and two one-bedroom homes. According to Neighborlee Living, they would measure 240 to 538 square feet, with rent starting at $1,200 a month.

932-Unit, Four-Tower Development Proposed Under Live Local Act in Fort Lauderdale’s Poinciana Park

Plans have been filed for a major four-tower residential development at 1711 and 1801 South Andrews Avenue in Fort Lauderdale, where South Andrews Holdings LLC, an affiliate of Murphy Property Group, is seeking to redevelop two adjacent parcels into one of the tallest and most densely built projects in the Poinciana Park neighborhood. Designed by Fort Lauderdale-based FSMY…

‘Residences at Plantation Square’ Set for Summer 2026 Groundbreaking at 8190 West Sunrise Boulevard in Plantation

A developer has secured approval for an affordable housing project in Plantation. Measuring eight stories above grade, Residences at Plantation Square will comprise 307 units, 123 of which will be designated as workforce housing. Of those units, 77 will be for households earning up to 80 percent of the area median income (AMI), while the remaining 46 will be for those…

How Robotics And AI Protect Cargo At Ports And Warehouses

As the global economy continues to navigate geopolitical shifts, tariff fluctuations, and labor shortages, supply chain security has never been more critical. From automotive components to medical devices, cargo in transit or in storage is increasingly exposed to theft, tampering, and operational disruptions. In response, a new wave of security innovation is emerging, autonomous robots…

Video: PwC Real Estate Leader Tim Bodner on Outlook from Tariffs and OBBB, Interest Rate Expectations

Bodner began by discussing the “One Big Beautiful Bill,” a cornerstone of the current administration’s policy. He discussed how the bill introduced a fair amount of uncertainty into the market when first announced. However, its passage and the subsequent understanding of its contents have been beneficial for both the real estate industry and the overall economy.

Self-Storage Offers Investment Reliability as Lifestyle Shifts Drive Consumer Demand

Following a period of slower activity throughout 2023 and 2024, the self-storage industry is showing clear signs of restored momentum in 2025. According to StorageCafé’s Q1 2025 U.S. Self Storage Sales Report, investment sales volume in the sector hit $855 million nationwide — a notable 37 percent increase from the first quarter of 2024 — suggesting a fresh wave of investor…