Developer plans to fill part of Miami lake to build apartments under Live Local Act

Keystone Holdings filed plans to fill part of a lake in the Blue Lagoon area of Miami-Dade County in order to build apartments under the Live Local Act. Blue Lagoon Development LLC, led by Miguel A. Mouriz of Miami-based Keystone, filed a pre-application with county officials for 2.77 acres of submerged property. It’s located just south of the Home2 Suites by Hilton…

Miami-Dade shopping center sells for $17 million

The Sunset West Shopping Center in the Glenvar Heights neighborhood of Miami-Dade County was purchased by Gazit Horizons for $16.95 million through a lease assignment. The Dorothy W. Balzebre Trust and the Anthony F. Balzebre Trust, both with Robert P. Balzebre as trustee, sold the lease on the 73,072-square-foot retail plaza at 7300 S.W. 87th Ave. to FL Sunset West…

Historic Miami Beach hotel seeks expansion and renovation

The owner of the San Juan Hotel in Miami Beach is seeking approval to restore the historic property and expand the site with additional hotel space, according to filings with the city’s Historic Preservation Board. San Juan Hotel, LLC has submitted an application for a certificate of appropriateness and multiple variances tied to the redevelopment of the 75-room…

Christie’s global auction house opens new Miami office

Christie’s has tapped the Design District for a new Miami office. The London-based global auction house signed a long-term lease for around 3,000 square feet at 3800 N.E. First Ave. Move-in was last month. Financial details of the transaction weren’t disclosed. It’s the company’s second office in South Florida. Christie’s already has a location in Palm…

Real estate investor snags 5 historic downtown Miami buildings in preservation deal

An out-of-state company that invests in historic real estate across the country has entered the Miami market with the acquisition of five downtown properties. Cleveland-based GBX Group, through affiliates, acquired the Bell Building at 108 S. Miami Ave., adjacent buildings at 100, 116 and 122 S. Miami Ave., and the building at 235 S.E. First St. The acquisitions were…

Miami health care company raises $200 million, taps Tom Brady as chief wellness officer

EMed, a digital health business that supplies GLP-1 weight loss medications, reports it has a $2 billion valuation after raising $200 million from investors. The Miami company secured the series A funding round by an array of investors, including NFL Legend Tom Brady, who was named eMed’s chief wellness officer. “I believe eMed’s empathic agentic AI platform, combined…

FC Barcelona Moves North American HQ To Miami: The South Florida Deal Sheet

The longtime club home of soccer superstar Lionel Messi is following its franchise icon to Miami. FC Barcelona is moving its North American headquarters to Miami 10 years after opening its inaugural U.S. office on Park Avenue in Manhattan. The club, where Messi played for 17 years starting as a teenager, signed a 2,410 SF lease for a prebuilt suite at CP Group’s…

Miami Beach’s Spring Break Crackdown Leaves Bars Half-Empty, But Retailers Optimistic

At this time of year, there would normally be a line of spring breakers thirsting for a frozen alcoholic beverage out the door and down the block of Fat Tuesday’s in South Beach. But on a sunny Wednesday last week, there were just a handful of patrons listening to house music thumping through the practically empty bar. After years of overcrowding and chaos becoming…

Trump Reveals Glassy Skyscraper Design Of Miami Presidential Library

After months of tug of war over a 2.6-acre parcel in Downtown Miami gifted to President Donald Trump for his presidential library, Trump has released the first look at the project. The renderings of the tower were released by the president and his son Eric Trump on their social media accounts Monday night. The 1-minute, 40-second clip showed a tall glass building…

It’s huge: Trump presidential library to soar above Miami skyline

The Donald J. Trump Presidential Library project is slated to reach for the heavens. The Trump Library Foundation released a teaser video on social media Monday showing a massive skyscraper dominating the city’s skyline, dwarfing surrounding towers along Biscayne Boulevard, the Miami Herald reported. Like the 47th president’s ambitious plan to build a gigantic…

One Thousand Museum condo association in downtown Miami sues developer over financial reserves

The condo association for the Zaha Hadid-designed One Thousand Museum condo tower in downtown Miami is suing the developer over its allegedly unlawful vote to waive funding the association’s reserves. It marks the second lawsuit the association has filed against the developer in a year. The association sued over alleged construction defects in February 2025. The…

Cain’s Jonathan Goldstein on his next Miami project, the branded condo bandwagon and Brickell’s office market

No one knew Miami would become a magnet for out-of-state firms clamoring for Brickell offices when construction started on 830 Brickell in 2019. Yet, the 57-story, 640,000-square-foot spec project was timed perfectly. Jonathan Goldstein, the Brit who leads London-based Cain, which partnered on the project with Vlad Doronin’s OKO Group, had an outsider’s…

Sun Life acquires remaining stake in Miami-based BGO for over $1B

Sun Life Financial Services has taken whole ownership of Miami Beach-based BGO for $1.2 billion. The acquisition is the first step in Sun Life’s plan to merge BGO with Bell Partners, a Greensboro, North Carolina-based real estate investment firm with $10 billion in assets under management, the South Florida Business Journal reported. That includes its portfolio of…

Lease roundup: KKR opens Brickell office, a pair of banks lease in Coral Gables and Miami

Global investment firm KKR opened a new office in Miami’s Brickell. New York-based KKR leased a permanent 6,500-square-foot space at 600 Brickell Avenue, moving to from its temporary space at 801 Brickell Avenue, the firm said. The office will focus on client and partner businesses, including institutional and family capital, as well as private wealth clients in…

Miami Beach condo owner sues Mast Capital affiliate, adding to legal mess at Amethyst

Years into a litigious and drawn out buyout of the Amethyst in Miami Beach, one owner is trying another approach through his lawsuit against the developer and condo association. Robert Pelier, an attorney who owns two units at the oceanfront building at 5313 Collins Avenue, filed a lawsuit last week that focuses on the threshold for termination, a legal process…

Miami-Dade buys Moishe Mana Wynwood site, ending dispute with county

Miami-Dade County bought a Wynwood property from developer Moishe Mana for $6.5 million, setting the stage for a mixed-use development that will include affordable housing, a Puerto Rican community center and an office for County Commissioner Keon Hardemon. But Mana is required to give the county the sales proceeds to resolve a previous dispute. The county plans to…

Who is Kasumigaseki Capital, buyer of Miami’s top dev site this year?

When South Florida’s biggest development site deal so far this year closed for $88.8 million, it marked a new player’s entrance to the region: Kasumigaseki Capital. The Tokyo-based company splashed into Miami with the purchase of a 1.4-acre lot previously planned for a branded tower within the massive Miami Worldcenter mixed-use complex. Kasumigaseki paid $63.4…

Miami City Hall to move from historic Coconut Grove site to Miami Freedom Park

Miami’s seat of power is moving to a new home after more than half a century along Coconut Grove’s waterfront. Miami officials are forging ahead with plans to move City Hall from a historic, converted seaplane terminal to Miami Freedom Park, the $1 billion massive mixed-use project anchored by a soccer stadium near Miami International Airport being developed by…

Excitement is back for Miami offices. Will the leases follow?

Broker Gian Rodriguez can’t get a breather from out-of-state businesses calling to inquire about potentially opening South Florida outposts and scheduling tours of prospective offices. “I’m speaking to someone every week looking to come here: individuals, venture capitalists, groups looking to invest here,” said Rodriguez, CBRE head for Miami and Fort…

Miami’s global ascent and the Two Roads vision

Miami has officially transitioned from a vacation destination to a global powerhouse. In this exclusive look from the floor of The Real Deal Miami Forum, industry leaders from Two Roads Development discuss why the world’s eyes are fixed on Florida’s “beautiful young city” and how their firm is setting the tone for the luxury landscape across North America.

PortMiami records a rapid rise in perishables

With record passenger totals and a diverse trade pattern, PortMiami welcomed over 8 million cruise passengers and more than a million 20-foot freight equivalent units in fiscal year 2025. It welcomed 8,564,225 cruise passengers – up from 8,233,056 the previous fiscal year – marking a 4.02% increase and the highest annual passenger count in the seaport’s history.

Downtown Miami’s massive signature bridge project halted after fatal accident

All work on the Florida Department of Transportation’s multi-million-dollar highway project in Miami has stopped. A construction accident occurred March 23 and FDOT halted the project after a worker fell to his death in the early morning. In an email to Miami Today, Maria Rosa Higgins Fallon, FDOT District Six public information director, wrote: “FDOT halted…

Julissa Kepner: Chairing the Greater Miami Convention & Visitors Bureau

As chair of the Greater Miami Convention & Visitors Bureau board, Julissa Kepner has been guiding the organization responsible for promoting Miami-Dade County as one of the world’s premier travel destinations. Ms. Kepner has championed a strategy that positions Greater Miami at the forefront of global convention and leisure travel – leveraging cultural…

First Look at Trump’s Supertall Presidential Library in Miami

President Donald Trump’s foundation has unveiled the first rendering of his presidential library in Downtown Miami. A video posted on son Eric Trump’s X account shows what appears to be a glass-laden, supertall tower that will feature a vast ballroom, a replica of the Oval Office, and a full-size Air Force One inside a gold-plated entrance. The development…

Sun Life to Acquire Bell Partners, Combine With Miami Based BGO Following Buy-Out of Remaining Equity Stake

Sun Life Financial Inc. (NYSE: SLF), a Toronto-based financial services organization with $1.6 trillion in assets under management as of year-end 2025, has announced it will acquire Bell Partners, a multifamily investment and management firm based in Greensboro. The acquisition was valued at $350 million and is expected to grow Sun Life’s U.S. multifamily segment.

Construction Underway on 39-Story Miami Starlite in Brickell

Construction is underway on Miami Starlite, a 39-story residential tower in Brickell being developed by Focus and Group Fox Management and designed by Gensler. The project will rise on the former Miami Starlite Motel property at 128 Southwest 7th Street, where Suffolk Construction recently confirmed that they broke ground in January and has already advanced through…

Multifamily Development Site in Miami’s Wynwood Sells for $54M

Shoe brand owner David Sedaghati has sold a development parcel in Miami’s Wynwood neighborhood for $54 million, property records show. Located at 2401 Northwest Sixth Avenue, the property spans 1.92 acres, facing Interstate 95, occupying nearly half a block. Gary Krat of Highland Beach, Fla., purchased the asset, which currently holds low-rise commercial buildings…

FC Barcelona Inks 2.4K-SF Lease in Downtown Miami

FC Barcelona, one of Europe’s most storied soccer clubs, is moving its North American headquarters from New York to Miami. The Spanish club inked a 2,410-square-foot lease at the 38-story One Biscayne Tower at 2 South Biscayne Boulevard in Downtown Miami, according to landlord CP Group. FC Barcelona will settle into a move-in-ready suite.  The club will use the…

City of Miami Proposes Pay-to-Play Building Bonuses Near Bike Trails

A little-noticed proposal moving through City Hall could dramatically increase building height and density throughout Miami by allowing developers to vastly exceed current zoning limits on properties near bike and pedestrian corridors in exchange for cash payments or other negotiated public benefits. Under the proposed legislation, properties within a quarter mile…

Ytech Announces Expansion of Historic Nolan House at 1548 Brickell Avenue in Miami

Ytech has announced plans to expand the historic Nolan House at 1548 Brickell Avenue in Brickell into the firm’s permanent corporate headquarters and a multi-project Experience Gallery. Led by CEO Yamal Yidios, the Miami-based developer has secured $25 million in construction financing from Banesco USA for the project, which will add a five-story expansion adjacent…

Five New Retail Tenants Announced for Wynwood Plaza in Miami’s Arts District

L&L Holding Company and Oak Row Equities have announced five new retail tenants for Wynwood Plaza, the recently opened one million-square-foot mixed-use campus spanning 55-95 NW 29th Street in Miami’s Wynwood Arts District. Developed in partnership with Shorenstein Investment Advisers and co-investor Claure Group, the project is anchored by Wynwood Plaza…

Miami Beach’s Goodtime Hotel Faces $149M Foreclosure Suit

The good times appear to be over at the Goodtime Hotel in Miami Beach, which counted famed music producer Pharrell Williams and Miami hospitality mogul David Grutman as partners, after the lender launched a $149.3 million foreclosure lawsuit. CIM Group sued entities tied to the developer and owner of the 266-room property, Eric Birnbaum and Michael Fascitelli’s…

Exterior Work Progresses on 41-Story 2600 Biscayne in Edgewater

Exterior work is progressing on 2600 Biscayne, a 41-story mixed-use tower at 2626 Biscayne Boulevard and 246 NE 26th Terrace in Miami’s Edgewater neighborhood. Developed by Oak Row Equities and designed by Arquitectonica with interiors by Vida Design, the 521-foot-tall structure will span more than 900,000 square feet and include approximately 160,000 square feet of…

Wynwood site entitled for massive Live Local project sells for $54M

A developer turned an 1,100 percent gain on a nearly 2-acre Wynwood assemblage after entitling it for one of the tallest Live Local Act projects in the neighborhood. Ultimate Equity, led by David Sedaghati, sold the assemblage for $54 million to an affiliate of South Florida investor Gary Krat, according to records and real estate database Vizzda. The property, on the…

Frida Kahlo Wynwood residential buildings to rise

A development team has designed a Frida Kahlo-inspired mixed-use residential project to rise in Miami’s growing Wynwood neighborhood. Frida Kahlo Wynwood Residences will bring dual buildings, one 12 stories and the other eight, with 244 residential dwelling units, about 15,460 square feet of offices available to tenants only, and 4,645 square feet of commercial…

‘Northside Town Station’ Apartments Approved for 2995 NW 79th Street in West Little River

A residential development with some affordable housing is in the works for Miami’s West Little River neighborhood. Northside Town Station apartments is set to measure seven stories above grade and feature 244 apartments, 12.5 percent of which (about 30) will be designated as workforce housing. In exchange for the workforce housing, developer IMC Equity Group…

Stalled Bay Harbor Islands condo project could be seized in foreclosure

A Bay Harbor Islands condo project that has yet to move forward could be seized in a $2.61 million foreclosure lawsuit. Stormfield SPV I LLC filed a foreclosure complaint March 26 against DDG 1055 BHI LLC and loan guarantor Lee Cohen of Brooklyn, New York. It concerns the 11,250-square-foot site at 1055 93rd St., which was approved for the nine-unit Solina Bay Harbor.

“Shark Tank” investor Daymond John inks lease at Rivani’s South Beach building

Daymond John, a self-made millionaire businessman and TV personality, took 3,000 square feet at Robert Rivani’s office building in South Beach, The Real Deal has learned. John, who is a “Shark Tank” investor and co-host, leased the space at The Rivani building at 1691 Michigan Avenue in Miami Beach. The lease was revealed in a video featuring John and posted on…

“Complete disaster”: Two buyers sue developer of Estates at Acqualina in Sunny Isles Beach

A pair of buyers at a Sunny Isles Beach condo project are suing developer Trump Group over alleged construction defects and delays that one of them claims were a “complete disaster.” In separate lawsuits filed in Miami-Dade Circuit Court, the buyers allege they have not been able to enjoy their purchased units at Estates at Acqualina, a waterfront two-tower…

Terrabank Inks 40K-SF Lease in Coral Gables

Community bank Terrabank is expanding its headquarters, moving within Coral Gables, Fla., after signing a 40,000-square-foot lease at the One Alhambra Plaza building. The bank will occupy 37,308 square feet across two floors within the 473,214-square-foot complex at 1 Alhambra Plaza, in addition to operating a 2,692-square-foot retail branch on the ground floor, a…

Kendall office building could be replaced through Live Local Act

A mostly vacant office building in Kendall could be demolished to make way for apartments under Florida’s Live Local Act. FVP Forum Owner LLC, an affiliate of Miami Lakes-based Florida Value Partners, filed a pre-application with Miami-Dade County officials concerning the 4.37-acre site at 9415 S.W. 72nd St. It currently has an 88,866-square-foot office building…

Developer Files Plans for Eight-Story Live Local Act Project for 9415 SW 72nd Street in Kendall

An affiliate of Miami Lakes-based Florida Value Partners has filed plans that involve demolishing a 1990s-era office building and replacing it with a residential project in Kendall. The venture is following a larger trend of developers filing under the Live Local Act to gain various boosts and financial incentives. FVP Forum Owner LLC has proposed a two-tower…

Doral’s Oasis Lands $58 Million Bet On Office Park Makeover

A long-planned Live Local Act project in Doral just crossed a big-money milestone. The Apollo Companies’ Oasis at Doral has secured a $58 million construction loan, a key chunk of financing reported on March 27, 2026. The cash moves the planned conversion of the Doral Costa office park closer to actual construction and gives the developers the kind of capital…

Ascentris JV sells slice of Doral office complex, plans Live Local project on rest

A trio of investors sold a piece of a Doral office complex for $63.3 million, but kept one building and teamed up with Zom on a Live Local Act redevelopment. Denver-based Ascentris, as well as Highline Real Estate Capital and Square2 Capital, both based in Miami, sold the Westside Plaza I at 8400 Northwest 33rd Street and the nearby Westside Plaza III at  8200…

$41.4 Million Loan Closes on Purchase of Two Doral Office Buildings

Ocean Bank has provided $41.4 million in financing to COFE Westside Plaza LLC for the acquisition of Westside Plaza II and III, a pair of four-story multi-tenant office buildings at 8200 and 8300 NW 33rd Street in Doral. The newly renovated properties span a combined 276,637 square feet across 13 acres. Recent listings and trade reports identify the buildings as Class…

Developers Secure Construction Loan for ‘The Oasis at Doral’ at 4090 N.W. 97th Avenue in Doral

Florida YIMBY has an update regarding a venture we covered back in November 2023. The Oasis at Doral, a mixed-use project slated for Miami, is moving forward with the security of a $58 million construction loan. The venture is set to measure nine stories above grade and feature residences, retail, and restaurant space in multiple phases. The first phase alone will…

Ascentris-Led Partnership Sells Two Doral Office Buildings, Launches Multifamily Conversion Project

Ascentris, in partnership with Highline Real Estate Capital and Square2 Capital, has completed a multi-phase repositioning of Westside Plaza, a three-building, 382,637-square-foot office complex in Doral, a western suburb of Miami. As a result of the project completion, Miami-based COFE Properties purchased two office buildings within Westside Plaza totaling 276,637…

Metro Parc North Tops Out at 955 East 26th Street in Hialeah

Metro Parc North has topped out in Hialeah, marking a construction milestone for the 661-unit rental development at 955 East 26th Street by Baron Property Group. Designed by Modis Architects, the project is the second phase of the developer’s broader multi-phase mixed-use complex adjacent to the Metrorail entrance and Hialeah Hospital. Completion is slated for late…

Clothing Supplier Intradeco Sells Medley HQ for $49M

Clothing supplier Intradeco Apparel sold its headquarters warehouse in the outskirts of Miami for $48.8 million, property records show. Seagis Property Group purchased the 200,175-square-foot asset at 9500 Northwest 108th Avenue in Medley, within the Flagler Station Business Park and 1.8 miles east of the Florida Turnpike. The transaction breaks down to about $244…

How Aventura-based Jeffrey Soffer turned the Fontainebleau name into a real estate empire

Of Donald Soffer’s six children, two are real estate CEOs: Jeffrey and Jackie. The late patriarch, worth $2 billion when he died at 92 last summer, purchased swampland in 1967 and turned it into Aventura. Today, Jeffrey Soffer, who split from the family empire in 2019 with several key properties, is building his own dynasty bookended by his iconic South Florida…

Developer proposes condo in Leisure City

R Homes Organization has proposed a low-rise condominium project in the Leisure City neighborhood near Homestead. The local developer filed a pre-application with Miami-Dade County officials for the 5.34-acre site at 28835, 28905, and 28935 S.W. 162nd Ave. It currently has a duplex and agricultural uses. R Homes Organization, led by Jasner Robaina in Homestead…

Maxx adds to South Florida holdings with $70M Plantation multifamily buy

Bell Partners sold a 250-unit multifamily complex in Plantation for $70 million, marking a 4.1 percent gain from its purchase price six years ago. Greensboro, North Carolina-based Bell Partners sold The Ellery, at 6901 West Sunrise Boulevard, to New York-based Maxx Properties for $280,000 per apartment, according to records and real estate database Vizzda. The deal…

The Weekly Dirt: Wave of lawsuits hits South Florida developers

Deal volume has slowed across South Florida, but developers and lenders are busy fielding and filing lawsuits. In our top story of the week, a pair of buyers sued an affiliate of the Trump Group over alleged construction issues at the Estates at Acqualina, a two-tower luxury condominium in Sunny Isles Beach. One buyer, Ruben Salama, alleged he and his family were…

Brightline ridership grows as South Florida ticket fares shrink while it gets more time to pay its debt

Brightline trains carried almost 10,000 passengers on the average day in February. That’s a new record as ridership between its five stations in South Florida jumped thanks to a sharp drop in average fares. Long distance trips between South Florida and Orlando, however, remain the main driver of revenue as Brightline works to be a transportation alternative to…

Monroe Capital sues Ari Pearl, BH3 principals over Mondrian Hallandale Beach loan

Monroe Capital sued the developer of the Mondrian Hallandale Beach Residences to recover a $70 million loan, just as the luxury condo tower is being completed. Chicago-based Monroe, led by Ted Koenig, sued Maltese Diplomat 100 Mezz LLC, PPG Development’s Ari Pearl, BH3’s Daniel Lebensohn, Greg Freedman and Eric Edidin, and two secondary guarantors in New York on…

Judge sides with Hollywood in Live Local case, creating “massive loophole”

A Broward County judge sided with the city of Hollywood in a lawsuit over a Live Local Act development. The ruling, issued last week by Broward County Circuit Court Judge David A. Haimes, “creates a massive loophole that completely undermines the Live Local Act and the state’s goal to provide affordable housing,” attorney Keith Poliakoff told the South Florida…

Developer Seeks Rezoning Approval for ‘The Beverly Townhouses’ at 971 S.W. 121st Avenue in Davie

On April 7th, Davie’s Planning & Zoning Board will consider plans for a townhome development on an 18.6-acre site. The Beverly Townhouses would feature 92 townhomes in 19, two-story buildings. Floorplans would include two-bedroom and three-bedroom models, spanning 1,578 to 1,815 square feet. Renderings show that the homes’ bottom floor would feature a…

Merrimac Ventures Acquires Retail And Office Assemblage In Flagler Village, Fort Lauderdale

Merrimac Ventures has acquired a retail and office assemblage spanning 400, 416, 424, and 412-414 North Andrews Avenue in Fort Lauderdale’s Flagler Village neighborhood. The South Florida-based investment and development firm’s latest purchase totals 20,200 square feet of existing commercial space and was reported at $7.35 million, including $5.75 million for 400…

Wilton Manors aquatic development site could be seized in $3 million foreclosure

A developer that was building an aquatics center in Wilton Manors could lose the property to a $3.23 million foreclosure lawsuit. Weston-based CCHC Fund VII LP filed a foreclosure March 17 against 550 East Inc., corporate guarantor Hammerhead Aquatics, and individual guarantors John S. Grzeszczak and Richard Wolfe. It primarily concerns the 1.35-acre development site…

Developer Advances on Project Set for Last Parcel of Plantation Walk at 321 N. University Drive in Plantation

An affiliate of Coral Springs-based White Oak Development has secured a $66.61 million construction loan to fund its latest venture in Broward County. If brought to fruition, the venture would occupy the last remaining parcel of Plantation Walk, a 27-acre mixed-use endeavor with offices, retail, and residential space. The eight-story addition would comprise 297…

Citi Refis Sunrise and Tampa Florida Apartment Complexes With $69M CMBS Loan

Developer Copperline Partners has sealed $69 million of commercial mortgage-backed securities (CMBS) debt to refinance two Florida multifamily properties, Commercial Observer has learned. Citi originated the five-year, interest-only CMBS conduit loan for Copperline’s 168-unit Innovo Living property in Sunrise, Fla., and its 193-unit Living on Waters in Tampa. The…

Back on industrial buy side: Blackstone pays $163M for Broward warehouses

Blackstone and its subsidiary Link Logistics are scooping up warehouses again after selling portions of its South Florida industrial portfolio for $1 billion-plus over the past two years. New York-based Blackstone, led by Stephen Schwarzman, and subsidiary Link Logistics, led by Luke Petherbridge, bought a Broward warehouse complex for $163.1 million, South Florida…

Pompano Beach Industrial Campus Doubles in Value After $163M Sale to Blackstone

Blackstone acquired a warehouse campus in Pompano Beach, Fla., for $163.1 million — more than twice what it last sold for 10 years ago — in South Florida’s largest industrial deal so far this year, property records show. Called Pompano Business Center, the property includes four warehouses, totaling 623,256 square feet, at 1901 and 2009 Northwest 25th Avenue…

BDT & MSD Partners win rezoning for Boca Raton Resort condos

BDT & MSD Partners won rezoning to move ahead with a proposed condo development at the Boca Raton, the sprawling historic resort and club. Boca Raton’s City Council voted unanimously on the BDT & MSD’s request for a change in land use, allowing the private bank to move forward with its proposed 8-story, 76-unit condo project at 501 East Camino Real. The units will…

Boca Raton City Council Approves Luxury Residential Project at 501 E Camino Real in Boca Raton

Developers BDT & MSD are advancing plans for a luxury residential development that would occupy land shared by The Boca Raton resort. Boca Raton City Council members voted unanimously on the venture last week, approving the construction of an eight-story, 505,840-square-foot condo with 76 units. Residences would include two-bedroom to five-bedroom layout…

Singapore Hospitality Brand To Make U.S. Debut With West Palm Beach Condo

Banyan Group, a Singaporean hospitality brand focused on sustainability, nature and design, is launching its first U.S. project with a branded condo tower. Mast Capital and Curated JCZM Development have partnered with Banyan Group to launch Banyan Tree Residences West Palm Beach, an 88-unit branded condo project set to rise in the city’s downtown. It will be the…

Procida pitches affordable housing for West Palm Beach-owned land

A proposed affordable housing development by New York firm Procida Companies is headed to the West Palm Beach City Commission. Commissioners are slated to vote next week on whether to give five city-owned parcels for the Procida’s proposed 151-unit multifamily development, according to planning documents. The city would give the land to the developer for free. The…

Gucci space on Worth Avenue in Palm Beach sells for $43 million

A retail building on Worth Avenue in Palm Beach that counts Gucci as a tenant sold for $43 million. The 9,932-square-foot retail building at 225 Worth Ave. was sold by 225 Worth Avenue Holdings LLC, managed by J. Jay Lobell of JSB Capital Group in Baltimore. The buyer was 225 Worth Owner LLC, an affiliate of New York-based Acadia Realty Trust. Property data firm…

Acadia doubles Palm Beach County retail holdings with $43M purchase

Acadia Realty Trust is expanding in Palm Beach County, picking up a prime retail property on Worth Avenue, the island’s storied shopping corridor where billionaire brothers David and Simon Reuben also recently made a splashy investment. White Plains, New York-based Acadia, led by Kenneth Bernstein, paid $43 million for the one-story, 9,900-square-foot building at…

Reuben Brothers Pay $200M for Retail Complex on Palm Beach’s Worth Avenue

The Reuben Brothers have extended their South Florida real estate shopping spree.  The British billionaire investors, alongside Crown Onyx, paid $200 million for a retail complex on Palm Beach’s swanky Worth Avenue, property records show.  Called the Esplanade, the two-story property totals 128,779 square feet, occupying nearly a full block, at 150 Worth Avenue.

Gatsby Florida Partners with Hedrick Brothers Construction for ‘The Modern’ at Palm Beach Gardens

Gatsby Florida has selected Hedrick Brothers Construction as the general contractor for The Modern at Palm Beach Gardens, an eight-story Class AA office tower planned for 11200 RCA Center Drive in Palm Beach Gardens. The development is slated to span 220,000 square feet, and recent reports indicate that pre-leasing is underway as the project advances toward a targeted…

FBI subpoenas Riviera Beach City Council as Marina Village projects move forward

FBI agents are looking into the city’s redevelopment of Marina Village at Riviera Beach, but that didn’t stop city officials on Wednesday from endorsing new developments, including Related Urban’s plans to build two 20-story apartment buildings on the publicly owned land. The Related Group affiliate and its partners BH Group and Tezral Partners cleared a hurdle…

Nautilus 220 Officially Opens At 220 Lake Shore Drive In Lake Park

Nautilus 220, a two-tower mixed-use waterfront development at 220 Lake Shore Drive in Lake Park, officially opened on March 25. Developed by Forest Development and Royal Palm Companies, the project spans approximately 1.15 million square feet and consists of 330 condominium residences across two 24-story structures overlooking the Lake Park Harbor Marina. The property…

Warehouse Automation Is Turning Modern Logistics Space Into a Hot Commodity

Despite early predictions that automation would shrink warehouse needs, recent data shows it is reinforcing structural demand for modern logistics real estate, according to Prologis Research. By 2025, roughly 30% of modern logistics facilities will include some form of automation, up from 20–25% five years ago, and built-to-suit projects incorporating automation now…

2026 Law Firm Real Estate Report

Law firms in the United States and Canada are beginning to reshape their real estate strategies, driven by the continued momentum of return-to-office policies and mandates, evolving workplace expectations, shifting talent dynamics, and a sustained pressure to optimize space. In this 2026 annual report, the Colliers North America Law Firm Practice Group examines…

U.S. Seaports Outlook Report | 2026

Seaports remain critical to the U.S. economy, facilitating global trade flows and supporting millions of jobs while serving as a key driver of industrial real estate demand. In 2025, port activity stabilized at historically elevated levels following the volatility of recent years, amid trade policy uncertainty and shifting global demand. This report evaluates the…

Video: NAIOP President and CEO Marc Selvitelli Discusses Economic Impact of Commercial Real Estate

In a recent episode of America’s Commercial Real Estate Show, the show’s host engaged in a comprehensive discussion with Marc Selvitelli, President and CEO of NAOP, to explore the dynamic landscape of commercial real estate in the United States. This conversation delved into the evolving perceptions of commercial real estate, its substantial economic…

City of Miami Gardens to consider bid for hotel near Hard Rock Stadium

Officials are set to review a bid to form a public-private partnership to develop a hotel on city land near Hard Rock Stadium. Members of Miami Gardens’ City Council will meet Wednesday to evaluate an unsolicited proposal from Chicago-based P3 Markets for 3.5 acres of vacant land at 18600 N.W. 25th Ave. Add your information for a more tailored experience! By…

Company plans to hire 300 staff with $60 million Miami Lakes headquarters revamp

A medical device maker has plans for a $60 million investment in its South Florida headquarters while doubling its local headcount over the next few years. Miami Lakes-based Cordis will revamp its global headquarters campus, which spans around 250,000 square feet at 14201 N.W. 60th Ave. The renovation will include the redesign and repurposing of lower-used areas to…

Miami-Dade logistics company leases new 88k sf warehouse, plans to double headcount

A South Florida logistics company will expand its real estate footprint and employee headcount with a big new lease in Miami-Dade County. Rivero Exporting LLC signed a long-term lease for nearly 88,000 square feet at 4071 W. 108th St. in Hialeah, part of Phase III of Countyline Corporate Park. The lease commences in July and will expire in December 2031. Juliano Lopez…

To sue or not? Miami Beach weighs legal challenge to Fontainebleau legislation

Miami Beach is laying the groundwork for a potential court battle with Tallahassee over state legislation tailored to benefit billionaire Jeffrey Soffer’s plan to upgrade Fontainebleau Miami Beach’s pool area with new cabanas and waterslides. The Miami Beach City Commission voted 4-1 Wednesday to authorize Mayor Steven Meiner to potentially sue the state to…

Japanese firm drops $89M on Miami Worldcenter site once planned for branded condo-hotel

A Japanese firm paid $88.8 million for a 0.7-acre development site where a branded condo-hotel tower was planned at Miami Worldcenter. Tokyo-based Kasumigaseki Capital bought the parking lot on the southwest corner of Northeast 10th Street and Northeast Second Avenue in Miami from entity Miami A/I Parcel 3 Subsidiary, according to records and real estate database…

Celebrity-hyped Goodtime Hotel on Miami Beach faces $149M foreclosure by CIM

CIM Group escalated its legal war with Goodtime Hotel’s owners, filing a $149.3 million foreclosure complaint to seize the Miami Beach property. On Jan. 27, an affiliate of Los Angeles-based CIM sued an entity managed by Eric Birnbaum and Michael Fascitelli, who lead New York-based Imperial Companies, for allegedly failing to live up to forbearance agreements since…

Forth, MICL land financing for Miami condos as short-term rentals appeal to investors

Forth Development and MICL landed financing for their planned Botanic Residences development, a short-term rental-friendly condo in Miami. The developers secured a $17 million construction loan for the 8-story, 51-unit project slated for 758 Northwest 2nd Street, according to a news release. Arixa Capital Advisors provided the financing, according to property records.

Mixed-use project on tap for Miami Beach Alton Road site Shvo lost

The owner of the former Epicure Alton Road site, where Shvo’s plan for an office project failed to materialize, wants to build a multifamily mixed-use project. An affiliate of New York-based Infinity Collective is seeking approval for development regulations changes, with preliminary plans for a 14-story, 184-unit multifamily building with 85,000 square feet of…

Miami-Dade roundup: Miami Freedom Park seeks taxing district to fund infrastructure

An affordable housing project and a separate villas and condos development are on tap in south Miami-Dade County, while Miami Freedom Park wants to create a taxing district to finance infrastructure improvements for the project. County commissioners on Tuesday approved items setting the stage for the two developments and a Community Development District for the soccer…

To sue or not? Miami Beach weighs legal challenge to Fontainebleau legislation

Miami Beach is laying the groundwork for a potential court battle with Tallahassee over state legislation tailored to benefit billionaire Jeffrey Soffer’s plan to upgrade Fontainebleau Miami Beach’s pool area with new cabanas and waterslides. The Miami Beach City Commission voted 4-1 Wednesday to authorize Mayor Steven Meiner to potentially sue the state to…

One Bayfront Plaza Site Nears Clearance as Demolition Enters Final Phase in Downtown Miami

Demolition is continuing at the future site of One Bayfront Plaza, a planned 93-story mixed-use supertall at 100 South Biscayne Boulevard in Downtown Miami. Developed by Florida East Coast Realty, the project is expected to rise 1,049 feet on a full-block site along Biscayne Boulevard directly across from Bayfront Park. While the development has long been positioned…

Impacts on PortMiami of Iran attacks slow to assess

Nearly one month after the United States and Israel launched strikes on Iran, South Florida has experienced minimal impacts on trade and operations have not been disrupted, according to PortMiami. The chief strategy officer of a third-party logistics company says otherwise. The conflict began Feb. 28, when Israel and the U.S. targeted multiple sites and cities across…

Miami Beach OKs five-point strategic plan

Miami Beach commissioners last week approved a resolution to adopt a strategic plan based on the city’s mission statement, organizational values, strategic vision areas and associated goals and priorities over the next several years. The strategic plan is organized around five vision areas and is to serve as a guide for policy direction, operational priorities and…

Ytech Lands $25M to Expand Historic Brickell Mansion in Miami

Development firm Ytech nabbed a $25 million construction loan to expand a historic mansion in Miami’s Brickell district and to turn it into the company’s headquarters, Commercial Observer has learned. The financing from Banesco USA covers the Nolan House, a 9,172-square-foot property at 1548 Brickell Avenue. The two-story house was built in 1926 as the residence…

New Aerials Capture Aston Martin Residences Towering Over Biscayne Bay in Downtown Miami

Aston Martin Residences, a 66-story residential skyscraper at 300 Biscayne Boulevard Way in Downtown Miami, remains a defining feature nearly two years after completion. With new towers continuing to reshape the skyline, the 817-foot structure retains a contemporary appearance that has not been diminished by surrounding development. Positioned on a unique narrow site…

Japanese Developer Buys Miami Worldcenter Dev Site for $89M

Japanese developer Kasumigaseki Capital has paid $88.8 million for a development parcel within the 27-acre Miami Worldcenter master development, property records show. The vacant 1.4-acre site sits north of the Paramount high-rise near Downtown Miami at 155 Northeast 10th Street, adjacent to Northeast Second Avenue. The transaction includes $45 million in financing…

Developer Proposes Six-Story ‘Medley Vida’ for 7300 N.W. 74th Street in Miami

Miami-based Coral Rock Development has secured approval for a low-rise affordable housing development in its home city. Through an unsolicited proposal, Coral Rock proposed (and secured initial approvals for) a six-story residential building with 150 apartments – 40 of which would be designated as workforce housing. Our sources call the venture “Medley…

Vertical Construction Moving Along at JEM Miami Worldcenter in Downtown Miami

Construction is progressing on JEM Miami Worldcenter, a 67-story mixed-use residential tower rising at 1016 Northeast 2nd Avenue in Downtown Miami. Developed by New York City-based Naftali Group and designed by Arquitectonica with interiors by Rockwell Group, the skyscraper is planned to rise approximately 700 feet and span an estimated 741,252 square feet, yielding…

Groundbreaking Held for 12-Story, 222-Unit ‘7200 Collins’ in Miami Beach

Northlink Capital has broken ground on 7200 Collins, a 12-story residential development at 7111 Harding Avenue in Miami Beach’s North Beach neighborhood. Designed by Revuelta Architecture International, with interiors by Adriana Hoyos Design Studio, Ortega Construction Company serving as general contractor, and sales and marketing led by OneWorld Properties, the…

Miami Beach Planning Board to Review Rezoning Plans for Project Located at 1677 West Avenue in Miami Beach

The Miami Beach Gazette suggests that the 14-story venture is called “The Alton.” Plans call for 184 residences, where future residents would have access to a rooftop swimming pool, padel court, and 367 parking spots. There would also be a retail and office aspect; specifically, 85,000 square feet of “lifestyle retail” and just over 35,000 square feet of…

Boutique Art Deco San Juan Hotel in Miami Beach Could Expand

The owners of the boutique San Juan Hotel in Miami Beach want to expand the historic property by adding a five-story structure, according to an application to the City of Miami Beach. The four-story, Art Deco hotel sits at 1680 Collins Avenue across the street from National, Delano and Sagamore oceanfront resorts. The 31,033-square-foot San Juan Hotel was…

Iconic Miami Beach Oceanfront Playboy Theater Listed for $6.5 Million

A South-Florida based urban commercial real estate brokerage, investment and development firm, today announced it has been selected to market the historic Playboy Theater at 5445 Collins Avenue, a 26,000-square-foot, three-level oceanfront venue in Miami Beach’s mid-beach corridor. The property is offered at $6.5 million. The listing will be led…

Vertical Construction Begins on Phase II of Downtown Miami’s 222 | Namdar Towers

Decking operations have commenced on Namdar Towers Phase II, the second tower of a 43-story mixed-use development at 50 NE 3rd Street in Downtown Miami. The project is being developed by Namdar Group, with John Moriarty & Associates serving as general contractor and Behar Font & Partners as architect. Recent aerial photography highlights the site’s…

The Cove Residences Breaks Ground at 456 NE 29th Street in Edgewater

Groundbreaking has been announced for The Cove Residences, A Waterfront Collection, a 40-story condominium tower planned at 456 NE 29th Street in Miami’s Edgewater neighborhood. The project is being developed by SB Development and Hazelton Capital Group, with architecture and interior design by Kobi Karp Architecture & Interior Design and Dieguez Fridman…

Live Local Act alters paths of Allapattah, Biscayne Boulevard developments

Florida lawmakers have been tweaking, clarifying and updating the Live Local Act since its enactment in 2023. Some of the major changes in 2025 removed local review and approvals, with the goal of encouraging more affordable housing. Developers can use the Live Local Act to incorporate additional height and density beyond what the underlying zoning district…

H&H Bagels, Sanguich sign on at Oak Row, L&L’s Wynwood Plaza

The retail portion of L&L Holding and Oak Row Equities’ mixed-use project in Wynwood will soon be home to an H&H Bagels and Sanguich, among other tenants. H&H Bagels, known for its classic New York-style bagels, and Miami homegrown Cuban sandwich shop Sanguich each plan a 1,400-square-foot outpost at Wynwood Plaza, according to the developers’ news release. The…

Fisher Brothers lands $118M Bain Capital refi for Wynwood apartment building

Fisher Brothers scored a $117.5 million refinancing from Bain Capital for a Wynwood apartment building completed last year. Private debt is a major financier for South Florida real estate, and the deal comes despite broader nationwide stress in the private credit market, as well as a regional multifamily oversupply. New York-based Fisher Brothers completed Joule House…

Bain Capital Provides $118M Refi for Fisher Brothers’ New Rental in Wynwood

Fisher Brothers secured $117.5 million from Bain Capital to refinance a newly completed multifamily building in Miami’s Wynwood neighborhood. The floating-rate, interest-only bridge financing covers Joule House, a 308-unit development at 2200 Northwest First Avenue, on the corner of First Avenue and 22nd Street. The New York-based developer completed the asset in…

Fisher Brothers Receives $117.5M Loan for Refinancing of Wynwood Multifamily Community

New York City based-Fisher Brothers has received a $117.5 million bridge loan for the refinancing of Joule House at Calle Collective, a 308-unit multifamily community located in the Wynwood neighborhood of Miami. Bain Capital provided the floating-rate, interest-only loan. “The successful refinancing of Joule House is a strong reflection of both the property’s…

Developer could rezone South Beach site for mixed-use

A developer wants to rezone property on Alton Road in Miami Beach in order to build a mixed-use project with residential, retail and office. Alton Ventures Development LLC, care of New York-based Infinity Collective, is seeking a comprehensive plan amendment and a land development regulation change with the city. The measure will be considered by the city Planning…

LD&D, One Capital land $31M construction loan for Surf Row in Surfside

LD&D and One Capital scored a $30.5 million construction loan for their planned Surf Row condos in Surfside. New York-based Maxim Capital Group provided the financing for the 24-unit complex planned at 8800 Collins Avenue (formerly 8809 Harding Avenue), according to the news release. LD&D, led by Diego and Alejandro Bonet, and One Capital, led by One…

Surf Row Residences Secures $30.5 Million Construction Loan In Surfside

Surf Row Residences has secured a $30.5 million construction loan for its 24-residence boutique condominium development at 8800 Collins Avenue in Surfside. Developed by LD&D and ONE Capital, the project broke ground in late 2025 and is slated for completion in 2027. Maxim Capital Group provided the financing, marking the fourth construction loan the firm has…

Arbor Residences Achieves TCO In Coconut Grove, Move-Ins Set For Early Spring 2026

Arbor Residences, a boutique condominium development with 45 homes in Coconut Grove, has received its Temporary Certificate of Occupancy, marking a key milestone as sales have surpassed 70 percent. The project is located near Coconut Grove’s central corridor and CocoWalk, and was developed by Ark Capital Group under the leadership of the Kodsi family. Behar &…

National coworking company Industrious to open 1st Coral Gables location

A national coworking space provider will continue its South Florida expansion with its first location in Coral Gables. Industrious will occupy 23,000 square feet in the 255 Alhambra office building, at 255 Alhambra Circle. The space, which is set to open in October, will offer 190 seats. That comprises 143 seats for dedicated users, plus 47 non-assigned seats.

CLIENT NEWS: Tesla is opening a new Kendall showroom and service center in a former toy store

A busy shopping center off Kendall Drive will soon feature a Tesla showroom and service center on the site of a former toy store. The new car complex will join other Tesla showrooms at South Florida malls, including Aventura, Dadeland and Brickell City Centre. Palms at Town & Country, off Southwest 117th Avenue, is getting the Tesla showroom and service center in late…

ADP To Sell Longtime Kendall Office, Teeing Up Possible Redevelopment

ADP is selling the 94K SF building where its Miami office has been based for 27 years. The human resources and payroll giant tapped CBRE Senior Vice President David Wigoda to market the 28-year-old, two-story office building in Kendall, according to a marketing brochure. The nearly 9-acre site has 446 surface parking spaces, presenting a potential redevelopment…

Kendall school could relocate to make way for mixed-use project

A private school in the Kendall neighborhood of Miami-Dade County could relocate to make way for a mixed-use development with multifamily and senior living. Miami Beach-based 11405 SW 82 Avenue LLC and 8080 SW 112 St LLC, both managed by Frank C. Mena and Michael Baldwin, filed a pre-application with county officials for the 9.2-acre site at the same addresses, plus…

Cofe Properties Buys Doral Office Buildings for $63M

A joint venture led by Ascentris has sold off two buildings within the Westside Plaza office campus in Doral, Fla., nearly two months after launching the multifamily conversion of a third building. The partnership, which also includes Highline Real Estate Capital and Square2 Capital, sold Westside Plaza I and III to Cofe Properties for about $63 million, a source…

Developer proposes apartments in Hialeah

Prestige Builders is seeking approval for another apartment complex in Hialeah. The City Council will consider the development plan from Prestige 29th Street LLC, part of Miami Lakes-based Prestige Builders, for the 0.85-acre site at 1160 and 1170 W. 29th St., plus 2891 W. 12th Ave., on the evening of March 24. Two of those three parcels are vacant and the other one…

Big hotel brands deepen South Florida presence amid growth milestones

South Florida is seeing increased activity from major hotel brands as they expand their presence in the region while reaching key portfolio milestones. Choice Hotels International said March 16 it surpassed 500 properties in its Ascend Collection with the opening of the Harrison Hotel in downtown Hollywood, marking one of the latest additions to its upscale portfolio.

Pembroke Pines bulk unit owner loses legal battle over property’s $21M sale

Integra Investments’ purchase of a condemned Pembroke Pines condo complex for $20.5 million is poised to proceed, after a judge shot down a bulk unit owner’s challenge of the sale process. It marks the latest chapter for the embattled 304-unit Heron Pond, a lakefront community with 19 two-story beige buildings. It’s now vacant after authorities ordered all…

Clarion Partners Sells New Hollywood Warehouse for $38M

Clarion Partners and Cadence Partners sold a newly completed distribution warehouse in Hollywood, Fla., for $38.3 million, property records show. Drug compounding company Hallandale Pharmacy purchased the 98,860-square-foot asset called Stirling Logistics Center. The 32-foot-tall building sits just west of Interstate 95 at 2910 Stirling Road, about five miles south…

Lease roundup: Thrive Arts District in Fort Lauderdale lands wellness venue, two company HQs

Thrive Arts District in Fort Lauderdale landed six tenants and a lease expansion. Romance-only bookstore Steamy Lit Bookstore took 2,100 square feet; Pottery Studio 1 leased 1,200 square feet; and Dyer Design Glasswork took 772 square feet for an art studio and gallery, according to a news release from the broker’s landlord. Also, C-Alma Wellness Lounge leased 1,700…

Boca Raton CRA approves downtown hotel project

Officials have given the green light to a big hotel development project in downtown Boca Raton. Members of Boca Raton’s Community Redevelopment Agency voted 4-1 Monday to approve the Mizner Plaza Hotel proposal on 1.65 acres at 132 and 170 N.E. Second St. That’s just south of the Mizner Park shopping and entertainment district. Add your information for a more…

Developer of private club buys Boca Raton site for $10 million

A group that has proposed an exclusive private club in Boca Raton took a big step forward by acquiring the property for $10 million. The Jacqueline T. Higgins Revocable Trust, with Jennifer M. Shea as trustee, sold the 0.31-acre site at 100 N.E. First Ave. to The Sanborn RE LLC, led by developers Scott Kerner and Steven Newman. It currently has an office/residential…

Boca Raton city officials could approve $500,000 incentive deal for Silicon Valley company

Boca Raton city officials could award $500,000 to D-Wave, a publicly traded quantum computing company that plans to move its corporate headquarters to South Florida. City commissioners will vote on the incentive package during their March 24 meeting, according to agenda documents. It comes months after Palo Alto-based D-Wave (Nasdaq: QBTS) announced it will relocate…

Batmasians’ controversial Mizner Plaza project approved by outgoing Boca Raton council

Boca Raton’s developer-friendly city council has until March 31 to push through agenda items, before a slate of recently elected NIMBY representatives takes the majority. James and Marta Batmasian’s controversial two-building 12-story hotel project near Mizner Park fit into that narrow window. Boca Raton officials approved the Batmasians’ 219-key Mizner Plaza…

Boca Raton CRA Approves Two-Tower 12-Story Project at 170 N.E. Second Street in Boca Raton

Florida YIMBY has an update regarding a hotel/retail venture in Boca Raton. Initially proposed in 2023, the venture was to comprise two 11-story buildings with 266 hotel rooms and 32,400 square feet of retail. Now, Boca Raton’s Community Redevelopment Agency has approved the latest plans for the project: two 12-story towers with 219 hotel rooms and 30,840 square…

Branded condo trend grows with Banyan Tree project in West Palm Beach

Camilo Miguel Jr.’s Mast Capital and Curated JCZM Development are launching a Banyan Tree-branded condo project in West Palm Beach. Banyan Tree Residences West Palm Beach marks the brand’s first U.S project, according to a news release. Banyan Tree is a subsidiary of the Singapore-based hospitality giant Banyan Group, which has a portfolio of luxury hotels and…

Jeff Greene gifts $80M West Palm Beach site to Vanderbilt campus

Billionaire developer Jeff Greene and his wife Mei Sze Greene are donating 1.3 acres of land valued at $80 million to Vanderbilt University’s downtown West Palm Beach campus. The gift adds to the 7 acre site donated by the City of West Palm Beach and Palm Beach County in 2024, the Palm Beach Post reported. Vanderbilt Chancellor Daniel Diermeier said the additional…

Ronto, partners launch Nora House condos in West Palm Beach

Anthony Solomon’s Ronto Group is launching sales for Nora House, a planned condo project in West Palm Beach’s Nora District. Ronto is partnering with the Nora District’s developers, NDT Development, Place Projects and Wheelock Street Capital, on the planned 11-story, 117-unit complex slated for 1105 North Dixie Highway, according to a news release. The ground…

Billionaires’ Row or bust: How far can West Palm’s condo boom go?

Gilbert Benhamou and Hong Kong businessman O.D. Kobo teamed up to make the priciest condo buyout offer in West Palm Beach in recent history: a whopping $430 million, or about $2.4 million per unit, for two older buildings on the waterfront. The monster-sized bid came on the heels of two buyouts of nearby buildings by Nadim Ashi’s Fort Partners and Steve Ross’…

Banyan Tree Residences West Palm Beach Amnounced As Banyan Group’s First U.S. Residential Project

Banyan Tree Residences West Palm Beach has launched as the first U.S. residential project from Banyan Group’s flagship Banyan Tree brand. Developed by Mast Capital and Curated JCZM Development in collaboration with Banyan Group, the project is planned for 400 Hibiscus Street in downtown West Palm Beach, located one block from CityPlace and two blocks from the…

Developers Propose 28-Story Mixed-Use Tower for 400 Hibiscus Street in West Palm Beach

Developers Mast Capital and JCZM Development have plans for a high-rise mixed-use venture in Downtown West Palm Beach. The unnamed project would measure 24 stories above grade and comprise 88 residences. Although the 0.86-acre site is currently zoned as QGD 10-25 (limiting the maximum height to just 10 stories), the developers intend to utilize various incentives…

Two-Tower 164-Unit ‘Edgeworth’ Slated for 1155 South Flagler Drive in West Palm Beach

Related Ross is proceeding with an ultra-luxury venture intended to draw wealthy residents to West Palm Beach. Edgeworth is set to comprise two 28-story towers, comprising a total of 168 residences – nine of which would be penthouses. Standard residences would comprise one-bedroom to five-bedroom floorplans. With March and White Design serving as the interior…

Reuben Bros, Crown Onyx buy Palm Beach’s The Esplanade amid hotel opening

Reuben Brothers and Crown Onyx purchased The Esplanade, a luxury shopping center in Palm Beach, from an affiliate of O’Connor Capital Partners. O’Connor Capital Partners had bought the property in 2014 for $106 million. The Esplanade, located at 150 Worth Avenue, features luxury retailers like Carolina Herrera, Emilio Pucci, and Hublot. Billionaire siblings Simon…

Florida aims to expand affordable housing pipeline with latest Live Local revisions

State legislators have approved amendments to Florida’s Live Local Act that aim to expand the categories of land that developers can build affordable housing on, as well as make financing for those projects easier. As this year’s legislative session ended in Tallahassee last week, lawmakers passed a bill to update Live Local for the third time in as many years.

Demand Stays Hot for Medical Outpatient Buildings Nationally

In some ways medical outpatient buildings are a golden child in the commercial real estate sector, with an aging U.S. demographic supporting demand, while at the same time limited recent development is fueling growth in occupancy rates and rents, according to a new JLL medical outpatient building outlook for 2026. Also, health-care systems and private medical groups…

The Weekly Dirt: Live Local Act gets another boost from Tallahassee

Florida lawmakers closed out their session with another expansion of the developer-friendly Live Local Act. Lawmakers approved a measure that allows developers to build Live Local projects on land owned by counties, municipalities and school districts, as long as the sites are in their respective jurisdictions and that the property owner co-files project applications…

Using bridge loans with agency financing in multifamily

Bridge loans and agency loans are a powerful combination for multifamily investors. A bridge-to-agency execution pairs flexible short-term capital with competitive long-term financing—helping investors implement a business plan while keeping an eye on long-term fixed rates. “Our goal is to provide clients with as many options as possible and let them choose…

Historic Decline in Net International Migration Slows U.S. Population Growth

The population of the U.S. recently expanded at the slowest pace in four years. From July 1, 2024 to July 1, 2025, the U.S. gained roughly 1.8 million residents, according to U.S. Census Bureau estimates. That increase equated to a growth rate of just 0.5%, the slowest population growth since the COVID-19 pandemic period of 2021 when the U.S. added just over half a…

Video: MSCI Research & Development Executive Director Jim Costello Provides Retail Sector Investment Sales Update and Forecast

In the ever-evolving world of commercial real estate, retail has been an unpredictable player. Once considered a vulnerable sector facing the threat of obsolescence in the digital age, retail real estate has shown resilience and adaptability. The recent conversation between the show’s host and Jim Costello, head of real estate economics at MSCI, sheds light on the…

FOMC Summary of Economic Projections | March 2026

Every quarter, FOMC meeting participants submit their projections of key economic indicators. The committee releases the Summary of Economic Projections (SEP) containing the median, central tendency, and range of their projections for the civilian unemployment rate, headline and core personal consumption expenditures (PCE) inflation rates, real GDP growth, and the…

Chetrits lose Tides Hotel in Miami Beach after five-year legal battle with lender

Affiliates of embattled real estate duo Joseph and Meyer Chetrit lost the Tides Hotel in Miami Beach to their lender in a foreclosure auction. It marks the latest in a protracted legal battle between the Chetrits and their lender, affiliate of Miami-based Safe Harbor Equity, led by Rafael Serrano, over a $45 million mortgage on the property originally borrowed in 2014.

Controversial industrial HQ in Miami-Dade back for vote, despite unresolved wetlands deal

A proposal for an industrial headquarters on 246 acres outside Miami-Dade County’s Urban Development Boundary is back for a vote, despite unresolved controversy over its impact on wetlands. The item is slated to go in front of commissioners on Thursday. If they again postpone a vote to allow for further tweaks, it would mark at least the second delay this year.

State lawmakers clear path for Fontainebleau Miami Beach pool upgrades

Billionaire Jeffrey Soffer’s controversial plan to upgrade the pool deck of his Fontainebleau Miami Beach resort is barreling ahead. Florida lawmakers approved land use legislation Friday that includes a provision allowing Soffer’s Aventura-based Fontainebleau Development to bypass approval by the Miami Beach Historic Preservation Board after fierce opposition…

Ooh la la: Dacra, partners land Parisian brand Fouquet’s for Miami Design District hotel

Dacra, Fort Partners and their development partners are teaming up with a French hospitality firm on their planned luxury hotel and condo project in the Miami Design District. Fouquet’s, a brand of over 100-year-old French entertainment firm Barrière, will be the flag for the hotel at Miami Design Residences Designed by Chipperfield and will manage the project’s…

Paris’ Fouquet’s to Operate Miami Design District Hotel

The Miami Design District has found its hotel partner: Fouquet’s. The luxury hotel chain, which hails from Paris, will operate a 12-story, 85-room establishment within the expansion of the shopping district, designed by Pritzker Prize-winning architect David Chipperfield.  The hotel will be connected to a 25-story, 143-unit condo tower at 39 NE 39th Street.

FPM Investment scores design approval for Miami Beach hotel

A six-story hotel with 48 rooms is set to replace one built in the 1930s after the Miami Beach Design Review Board gave the project the green light. Miami-based FPM Investment’s project was unanimously approved Thursday, after the developer tweaked the planned low-rise’s exterior. The board deferred voting on the hotel in October to give FPM’s team time to make…

Palantir’s Alex Karp revealed as buyer of $46M Miami Beach mansion

Palantir Technologies CEO Alex Karp is the buyer who paid $46 million for a waterfront Venetian Islands mansion in June, The Real Deal has learned. Tom and Patricia Kennedy, who founded a Miami Beach-based software firm, sold the 9,700-square-foot home at 55 East San Marino Drive on San Marino Island last summer to a hidden Delaware LLC. Karp’s identity had not been…

Construction Nears Topping Out on E11EVEN® Club Residences Beyond in Downtown Miami

Construction has reached the upper levels of E11EVEN® Club Residences Beyond, part of the E11EVEN® Club-branded pair of 65-story towers at 20 and 60 NE 11th Street in Downtown Miami’s Park West district. Sieger Suarez Architects is the architect, CHM Structural Engineering, LLC is the structural engineer, and Property Markets Group and E11EVEN Partners are…

Peachtree Group Originates $103M Loan for Hilton Miami Beach Convention Center Hotel

Atlanta-based Peachtree Group has originated a $103 million bridge loan for the recapitalization and completion of the 289-room Hilton Miami Beach Convention Center Hotel. The development team behind the hotel was not released. The property is a redevelopment of the historic Collins Park Hotel, which is designated by the City of Miami Beach…

Construction Starts on ‘7200 Collins’ in Miami Beach

Developer Northlink Capital has officially started construction on a high-rise multi-family project in North Beach. Florida YIMBY initially covered this venture, dubbed 7200 Collins, in spring 2025. Northlink Capital’s 12-story development is set to comprise 222 units, including one-bedroom and two-bedroom floorplans. Each luxury residence will come fully…

Renderings Revealed For 576-Unit Mixed-Use Tower At 1502 NE 1st Avenue In Miami’s Arts & Entertainment District

SF QOZ Fund I, LLC has unveiled renderings for a mixed-use tower planned at 1502 NE 1st Avenue in Miami’s Arts & Entertainment District. Designed by Kobi Karp Architecture and Interior Design, with a facade created in collaboration with London-based Jason Bruges Studio, the development will contain 576 residential units. According to the developer, 40 percent…

‘Ella Miami Beach’ to Top Out in Two Weeks at 6940 Abbott Avenue in Miami Beach

Florida YIMBY has an update regarding a luxury high-rise venture we first covered in June 2024. Ella Miami Beach, which officially started construction last year, is slated to top out at 10 stories in two weeks. The venture is set to comprise 103 units – 70 percent of which have already been pre-sold. The condos are currently priced from $600,000 to $2 million.

Peachtree Lends $103M in Miami Beach Convention Center Hotel Recap 

A joint venture between The Jesta Group, The Lotus Group and Chetrit Group has sealed $103 million of bridge debt for the recapitalization of the Hilton Miami Beach Convention Center Hotel, Commercial Observer can first report. Peachtree Group originated the loan, which will also fund completion of the 289-key hotel, slated to open in May 2026 adjacent to the Miami…

Superstructure Work on 2900 Terrace Progresses in Edgewater

Superstructure work is beginning to intensify at 2900 Terrace, a 32-story multifamily tower rising at 401 NE 29th Street in Miami’s Edgewater neighborhood. Designed by Arquitectonica and developed by Oak Row Equities and LNDMRK Properties, the 362-foot-tall structure is expected to yield more than 360,000 square feet of space, according to the master permit. The…

Inside Adam Neumann’s attempts to rehab El Portal church

Adam Neumann’s controversial move to tear down a shuttered 1950s church building in Miami’s El Portal almost had a different outcome that may have staved off fierce opposition against his greater plan. The site will be home to a campus for SOLFL, a new school founded by the ex-WeWork head’s wife, Rebekah. Permitting records and renderings show Neumann and his…

Lease roundup: Jills Zeder moving South Beach office, soccer fever feeds retail

Residential brokerage powerhouse Jills Zeder Group, a hedge fund and several medical care providers leased space at Robert Rivani’s South Beach office building. Jills Zeder Group leased 8,000 square feet at The Rivani at 1691 Michigan Avenue in Miami Beach, according to a Rivani news release. According to Jills Zeder’s Jill Hertzberg, Coldwell Banker Realty leased…

Reuben Brothers eye W South Beach upgrades, including members-only club

Reuben Brothers is looking to upgrade its W South Beach. The London-based investment firm, led by billionaire brothers Simon and David Reuben, is going before the Miami Beach Preservation Board for approval on Tuesday. The planned changes include a members-only social club, a French bakery and a new beachfront restaurant. ​ Reuben Brothers paid more than $400…

Boucher, Major Food Group seek design approval for reimagined Nikki Beach site in South Beach

Major Food Group and Boucher Brothers are pressing ahead with plans to redevelop a Miami Beach entertainment venue on city-owned land even as the current operator is still fighting to hold onto its ground lease. The joint venture will go before the Miami Beach Design Review Board Thursday, seeking the green light for a complete reconstruction of Nikki Beach, a…

Maxim Capital Supplies $31M for Luxe Boutique Condo in Surfside

LD&D and One Capital nabbed a $30.5 million construction for a luxury condo development in Surfside, Fla., a town just north of Miami Beach, the joint venture announced. The financing from Maxim Capital Group covers Surf Row Residences, a 24-unit project at 8800 Collins Avenue, a block west of the beach and facing 88th Street. Construction got underway late…

Kodsi family completes Arbor Coconut Grove condo project

A boutique condo project in Miami’s Coconut Grove that was expected to be completed in 2019 under its former owners secured a temporary certificate of occupancy. Developer and real estate attorney Isaac Kodsi, who died unexpectedly last year at age 59, bought the Arbor Residences building out of foreclosure in 2023. He returned buyers’ deposits, and relaunched…

$24.7M Refinancing arranged for Office Building in Coral Gables

JLL has arranged a $24.7 million loan for the refinancing of 2000 Ponce, a 109,745-square-foot office building in Coral Gables, about five miles west of Miami. Jesse Wright, Matt McCormack, Joshua Odessky and Patrick Salata of JLL arranged the five-year loan through Crestline Investors on behalf of the borrower, Westside Capital Group, a private equity firm that…

Crestline Refis Coral Gables Office Building With $25M Loan

Westside Capital Group has landed a $24.7 million loan to refinance its newly acquired headquarters in suburban Miami, Commercial Observer has learned. Crestline Investors provided the five-year loan for the private equity firm’s eight-story office property at 2000 Ponce De Leon Boulevard in Downtown Coral Gables, Fla., that Westside purchased for $14.1 million in…

Unconstitutional: Pinecrest on hook for “land grab” that delayed developer’s project

A Miami federal jury handed a stinging rebuke to the Village of Pinecrest last week, ruling that government officials in the affluent Miami-Dade suburb violated a residential developer’s civil rights by conditioning a building permit on surrendering a portion of a development site. On Thursday, jurors awarded developer Megladon $409,000 in damages after finding the…

Clinic mogul Jorge Acevedo picks up Hialeah apartments for $21M

A medical clinic entrepreneur is jumping into South Florida’s multifamily arena after acquiring a Hialeah apartment building for $21.2 million. An entity managed by Jorge Acevedo, founder of Miami-based La Colonia Medical Centers, acquired Regency Club Apartments at 1350 West 46th Street, records and real estate database Vizzda show. The buyer financed the purchase…

James McQueen: Leads development agency growing Overtown’s economy

As executive director of The Southeast Overtown/Park West Community Redevelopment Agency (SEOPW CRA), James McQueen has been at the forefront of the renaissance of the Overtown neighborhood. With the official final bond approval of an estimated $162 million municipal bond by the city of Miami and Miami-Dade County in July 2025, Mr. McQueen said, the funds will allow…

Starbucks billionaire Howard Schultz pays $44M for Surf Club penthouse

Ex-Starbucks CEO Howard Schultz paid $44 million for a penthouse at the Four Seasons Residences at the Surf Club, marking the latest billionaire to move to South Florida. Schultz announced his move from Seattle on LinkedIn. He and his wife, Sheri Kersch Schultz, “moved to Miami for our next adventure together,” he said. The Wall Street Journal first reported the…

Oasis Hallandale’s Final Residential Tower Tops Out In Hallandale Beach

Oasis Hallandale’s East Tower has topped out at 25 stories, marking the final vertical milestone for the two-tower residential component of the 10-acre mixed-use development in Hallandale Beach. The project is designed by Arquitectonica and developed by Giuseppe Iadisernia, with MGM Construction Group serving as general contractor. Upon completion, the full…

Northbridge drops $82M on Lauderdale Lakes industrial campus amid soft Broward market

Northbridge Partners bought an industrial campus for $81.5 million, marking a major investment in Broward County as the market softens. Wakefield, Massachusetts-based Northbridge bought the 359,500-square-foot Elevate Broward at 3435-3699 Northwest 19th Street and 1814-1896 Northwest 38th Avenue from Birmingham, Alabama-based Harbert Management, according to records…

Broward Health Lands $97M to Build Another Medical Office – Deerfield Beach

Broward Health nabbed a $97 million loan to build a six-story medical office in Deerfield Beach, Fla., just two months after securing funding for another medical complex in Downtown Fort Lauderdale. UMB Bank, as a trustee on behalf of lenders, provided the leasehold mortgage, through a tax-exempt bond, to Centurion Foundation, per a spokesperson for the bank. The…

‘The La Plage at Pompano Beach’ Proposed for 604 North Ocean Boulevard

Some residential buildings constructed in the 1950s could be replaced with luxury apartments in Broward County. Turks Capital Acquisitions LLC wants to proceed with the La Plage at Pompano Beach, a 15-story condo. The venture would comprise 59 apartments, along with 5,000 square feet of commercial space. Standard amenities would include a fitness center, co-working…

Denied: Terra, Frisbie’s One Boca megaproject rejected in landslide Boca Raton vote

Boca Raton’s voters rejected Terra and Frisbie Group’s proposal to redevelop its government campus in a landslide victory for the city’s homegrown NIMBY movement. The city first awarded the developers the bid to redevelop the site in February of last year, but a groundswell of opposition led by Jon Pearlman’s Save Boca organization pressured the developers and…

NIMBYism Wins in Boca Raton Election; Terra and Frisbie Group Lose

South Florida just got a major dose of NIMBYism.  In what became a landslide in the city elections on Tuesday, Boca Raton voters blocked a proposal by Terra and Frisbie Group to redevelop the area around the City Hall into a mixed-use development. Voters also elected to the City Council the activist who led the campaign against the development. Nearly 75 percent of…

Griffis drops $79M for West Palm apartments amid lethargic rents, some supply overhang

Griffis Residential paid $78.5 million for a West Palm Beach apartment complex as part of its newly launched multifamily fund, despite lingering challenges facing the South Florida rental market. Suffern, New York-based Castle Lanterra, led by Elie Rieder, sold the eight-story, 263-unit property at 805 North Olive Avenue, according to property records and the real…

Mast Capital, partner pitch first West Palm Beach condo project

Camilo Miguel Jr.’s Mast Capital and Curated JCZM Development are planning their first West Palm Beach condo project. The developer is proposing a 25-story, 86-unit project at 400 Hibiscus Street, according to city planning documents. The Plans & Plats Review Committee, the first stop in the planning and approval process in West Palm Beach, evaluated the proposal at…

Mast Capital Plans 10-Story Mixed-use Project for 635 S. Dixie Highway in West Palm Beach

A developer has plans to replace a low-rise office building with a mixed-used endeavor in Palm Beach County. An affiliate of Miami-based Mast Capital has proposed an unnamed 24-story building that would occupy a 0.85-acre site. Mast Capital purchased the site for $5.2 million last year. Current plans call for 88 residences. At the time of publication, not much was…

Lotis scrambles for entertainment tenant in Wellington after PopStroke pulled out

Plans for the second phase of Lotis Wellington have shifted after a mini-golf venture connected to Tiger Woods pulled out of the project, leaving the developer scrambling to find tenants. Lotis Group won permission from the village council of Wellington to alter its plans for the commercial portion of Lotis Wellington 2, a 52-acre mixed use project that’s under…

Related Ross wins height permit for mixed-use Wellington development

Related Ross got the greenlight to build seven stories high on former farmland in Wellington. Billionaire Steve Ross’ firm received approval from the Wellington Village Council to build an 86-foot-tall extended stay hotel, a 47-foot-tall lakeside restaurant facility, and a pair of 42-foot-tall commercial buildings at 10400 Stribling Way, Tuesday night. Village…

Meet Jon Pearlman, the NIMBY organizer who took down Terra and Frisbie’s One Boca proposal

Jon Pearlman rode the coattails of the grassroots NIMBY movement that took down Terra and Frisbie Group’s One Boca proposal all the way to a city council seat. Pearlman, 37, is the founder of Save Boca, the Boca Raton-based organization that led the campaign against Terra and Frisbie’s proposed redevelopment of the city’s government campus. The months-long fight…

Gavel down: What Tallahassee did — and didn’t do — for real estate this session

Real estate played a central role in this year’s Florida Legislature, with about a dozen bills put forth at the start of the session in January. They took aim at major industry issues, including homeowners and condo associations, Live Local Act affordability timelines, and controversial building rules favorable to developers. Also on their agenda was Florida’s…

How tariffs impact commercial real estate

The commercial real estate outlook is bright for the year ahead. But rising costs—largely fueled by tariffs and trade policy uncertainty—present challenges. Ginger Chambless, Head of Research for Commercial Banking at J.P. Morgan; Mike Kraft, Commercial Real Estate Treasurer for Commercial Banking at J.P. Morgan; and Tom LaSalvia, Head of Commercial Real Estate…

Brightline’s financial troubles are running ahead of schedule

Almost all of Brightline’s trains run on time, but worries are mounting that the passenger train service is barreling toward a debt crisis earlier than anticipated just a few months ago. Credit ratings agency S&P Global cut its already low grade on some Brightline bonds earlier this month and withdrew its ratings altogether. S&P warned a financial restructuring of…

U.S. Apartment Occupancy and Rents Inch Up Again in February

For the first time in two years, U.S. apartment occupancy and rents both posted back-to-back monthly increases, though the upturns were mild. After consistently logging mild monthly declines throughout the back half of 2025, apartment occupancy inched up in both January and February 2026. U.S. occupancy hit 94.8% in February, after rising 10 basis points (bps) in each…

Apartment concessions nationally hit highest level in over a decade

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Blackstone is a major seller in January commercial real estate deals

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 Outdoor Storage Surges Into Stardom

For properties that might look to the uninitiated like glorified vacant lots, industrial outdoor storage assets are rapidly evolving into star performers in the industrial sector, according to a new report from CBRE. The company’s fourth-quarter 2025 report on U.S. industrial outdoor storage documents the niche’s unexpected acceleration, which has made IOS one of…

Bercow Radell Fernandez Larkin & Tapanes Secures Landmark Preservation and Site Improvement Approvals for Miami Springs Nursing and Rehab Center

Bercow Radell Fernandez Larkin & Tapanes, representing Fairhaven Propco LLC, is proud to announce a transformative restoration and modernization plan for the historic Miami Springs Nursing and Rehab Center at 201 Curtiss Parkway. Following successful appearances before the Miami Springs Historic Preservation Board  and City Council, the firm secured Certificates…

$880M Mixed-Use Project in West Little River Starts

Demolition has begun for The HueHub, an $880 million, 4,032-unit mixed-use project taking shape at a 12-acre site in Miami’s West Little River neighborhood. The project will be Florida’s development sponsored by the Live Local Act, and is designed to deliver much-needed attainable housing for Miami-Dade County’s workforce. The demolition efforts will continue at…

$880M West Little River Mixed-Use Project in Miami Moves Closer To Ground Breaking

Ground-breaking for The HueHub, a planned mixed-use community in Miami, has moved one step closer. The demolition at the site in the West Little River neighborhood is now underway, which will pave the way for the $880 million project to begin. A big part of the plans calls for delivering “attainable housing,” especially for local first responders and essential…

Developer buys Miami office for $12 million for new headquarters

Development firm MV Real Estate will move its headquarters to Miami’s Blue Lagoon after buying an office building for $12 million. Red 57 LLC, an affiliate of Miami-based Crescent Heights, sold the 31,438-square-foot office at 707 N.W. 57th Ave. to MVH – Red57 LLC, part of Miami-based MV Real Estate, which is led by Alex Mantecon. Miami-based City National Bank of…

Miami Multifamily Report – February 2026

South Florida’s multifamily market ended 2025 on a steady trajectory, despite rent growth lacking improvement. The average advertised asking rate was down 0.3 percent, on a trailing three-month basis, to $2,483, mirroring the national trend. The metro’s average overall occupancy rate in stabilized properties was down 30 basis points year-over-year, to 95.2 percent.

Former Partner Accuses Spanish Developer Of Icing Her Out Of 6,000-Unit Miami Project

Demolition just started last week on one of the largest housing projects in Miami history, but it is already the subject of a bitter dispute between partners resulting in a lawsuit filed late Friday in Miami-Dade County Circuit Court. Laura Tauber claims Pablo Castro cut her out of the $1.3B HueHub project in Miami’s West Little River neighborhood despite…

Chetrits Lose Miami Beach Hotel To Foreclosure After $96M Judgment

Beleaguered real estate moguls Joseph and Meyer Chetrit have lost a historic Miami Beach hotel in a foreclosure auction after a five-year legal battle ended in a $96M judgment against them. Miami-based mortgage lender Safe Harbor Equity acquired the 90-year-old Tides Hotel in an online auction Monday morning with a $10,300 bid, according to the Miami-Dade County…

MaryAnne Gilmartin’s Firm Eyes 1M SF Tower For Miami Debut

The woman who developed the Barclays Center basketball arena in Brooklyn and Manhattan’s tallest rental tower has her eye on Miami. MAG Partners, the development firm founded by MaryAnne Gilmartin, is looking to hire a seasoned development executive to spearhead a mixed-use tower with a hotel, luxury condos and retail spanning more than 1M SF, according to a…

Steve Ross to sell 1% stake in Miami Dolphins, team hits astronomical valuation

Billionaire Related Ross chairman Steve Ross is selling a 1 percent stake in the Miami Dolphins to Chinese billionaire Lin Bin in a deal that values the team at $12.5 billion. It’s a record valuation based on publicly known minority stakes sold in the National Football League, according to Sportico, which first reported the deal. The NFL approved the deal for Bin to…

Moishe Mana gobbles up another downtown Miami office tower for $110M

Moishe Mana, already downtown Miami’s biggest landlord, gobbled up another office tower for $110 million, solidifying his status as the neighborhood’s real estate king. Mana bought the 31-story, 450,000-square-foot One Downtown at 1 Southeast Third Avenue, according to a news release from Mana’s firm Mana Common. Los Angeles-based PCCP and Boca Raton-based CP…

Marlon Gomez loses Miami River site at courthouse auction

Two entities tied to Marlon Gomez lost a distressed Miami River development site at a courthouse auction, marking the second time in six months that the Miami developer was forced to give up land. An affiliate of the Fiorentino Family Office bought the 1.8-acre assemblage at 1515, 1529 and 1543 Northwest South River Drive with a $15,600 winning bid last week…

Chetrits lose Tides Hotel in Miami Beach after five-year legal battle with lender

Affiliates of embattled real estate duo Joseph and Meyer Chetrit lost the Tides Hotel in Miami Beach to their lender in a foreclosure auction. It marks the latest in a protracted legal battle between the Chetrits and their lender, affiliate of Miami-based Safe Harbor Equity, led by Rafael Serrano, over a $45 million mortgage on the property originally borrowed in 2014.

Developer seizes on castoff lots to tackle Miami’s housing crisis

As Miami struggles to shake off its notorious reputation as the nationwide epicenter of the affordability crisis, development has been primarily restricted to two options: single-family homes or towers. But perhaps it’s small- to mid-sized projects designed to fit on castoff, difficult-to-develop lots that are the answer. Developer Laura Weinstein-Berman’s Project…

For Sam Nazarian, Standing Out in Miami’s Condo Market Is Very On Brand

Dozens of condo projects are being marketed in the Miami area. Only one boasts dining and entertainment concepts by actress Sofia Vergara and singer Marc Anthony. That’s HQ Residences Miami, a 35-story tower at 422 Northeast 29th Street in Miami’s Edgewater neighborhood. Slated for completion in 2028, the project includes Toma Gourmet by Vergara, a Latin…

In Miami, Brickell’s New York-Size Office Rents Drive Suburban Growth

In a place like Miami, where sea levels are cresting as quickly as one inch every three years, a rising tide can’t help but lift all boats — and the same is true for office rents. After Miami’s luxury 830 Brickell blew area standards for office rent out of the water, growing in the last few years from local highs of around $60 per square foot in 2021 to the…

Melo Group’s Downtown 6 Tops Out at 46 NE 6th Street in Downtown Miami

Vertical construction has topped out on Downtown 6, a 60-story mixed-use residential tower at 46 NE 6th Street in Downtown Miami. The project is being developed by Melo Group and will ultimately deliver 824 residential units upon completion. The tower reached its full height roughly 12 months after construction began in early 2025 and remains on track for completion…

Pedestrian, bike bridge under I-395 on bay rolls ahead in Miami

A long-planned pedestrian and bike bridge beneath I-395 is moving closer to reality, with final design approval and more than $2 million in new funding set to close the last major gap in Miami’s Baywalk and link the city’s waterfront along Biscayne Bay. Miami city commissioners are expected to sign off March 12 on the design for the I-395 Baywalk Pedestrian and…

Miami-Dade pinpoints three sites for vital new major airport

Three alternative sites for a commercial airport to handle a growing share of the passenger and cargo flights that now rely on Miami International Airport are on the runway and cleared for rapid takeoff.  County commissioners quickly accepted an assessment from Mayor Daniella Levine Cava of where an added commercial airport could function even though the report…

Construction Nears 50-Story Mark on Okan Tower at 555 North Miami Avenue in Downtown Miami

Construction is approaching the 50-story mark on Okan Tower, the 902-foot-tall, 70-story mixed-use skyscraper underway at 555 North Miami Avenue in Downtown Miami. Developed by Okan Group and designed by Behar Font & Partners, the tower is planned to contain a 316-key Hilton Miami Bayfront Hotel, 236 condo-hotel residences managed by Hilton Hotels & Resorts…

Developers Requests Incentives for Skyscraper at 1515 N.E. Miami Place in Miami

Developer A&E District Holding Co. wants to proceed with a supertall residential building in Miami. The firm’s 47-story high-rise would comprise close to 800,000 square feet of new construction, where it would feature both residential and commercial space. Specifically, current plans call for 576 apartments; for the developer to qualify for various…

Demolition Underway for The HueHub at 8395 NW 27th Avenue in Miami’s West Little River Neighborhood

Demolition has officially commenced at the 12-acre site of The HueHub, a planned mixed-use residential development located at 8395 NW 27th Avenue in Miami’s West Little River neighborhood. The $880 million project is being developed by Pablo Castro and will introduce a large-scale workforce housing community intended to serve essential workers across Miami-Dade…

Aerial Views Show Villa Miami’s Superstructure Reaching Halfway Mark In Edgewater

Construction has reached the halfway mark at Villa Miami, a 650-foot-tall, 56-story residential tower making its way into the skyline at 710 NE 29th Street in the Edgewater neighborhood of Miami. The waterfront development occupies a prominent corner parcel along Biscayne Bay and is being built by Moss Construction for developers Terra and One Thousand Group in…

Rapper Pitbull Wants to Replace His Childhood Miami Home With Office

Miami rapper Pitbull, known for hit songs like “I Know You Want Me (Calle Ocho)” and “Fireball,” wants to replace his childhood home with an office building in Miami’s Wynwood neighborhood to serve as the headquarters of his music label. An entity tied to Pitbull’s Mr. 305 Records has filed plans to build an eight-story office building on a…

The Perigon Miami Beach Tops Out at 5333 Collins Avenue in Mid-Beach

The Perigon Miami Beach has topped out at 5333 Collins Avenue in the Mid-Beach section of Miami Beach, reaching its full 17-story height along the Atlantic Ocean shoreline. The luxury condominium tower is being developed by Mast Capital in a joint venture with a controlled affiliate of Starwood Capital Group and is designed by OMA. Moss Construction is serving as the…

RG Realty Investments Proposes Nine-Story Mixed-Use Venture for 1595 NE 145th Street in Miami

Developer RG Realty Investments has submitted plans for a mixed-use project in unincorporated Miami-Dade County. The unnamed venture, rising nine stories, would comprise both residences and ground-floor retail. Current plans call for 110 apartments, with floorplans ranging from one-bedroom to three-bedroom layouts. Floridian Development reports that a majority of…

Vertical Construction Begins on The Rider Residences at 94 NE 29th Street in Miami

Vertical construction is underway at The Rider Residences, a 12-story boutique condominium development at 94 NE 29th Street in Miami. The project is being developed through a joint venture between South Florida-based Ciprés and Rilea Group, with Beauchamp Construction serving as the general contractor. Following several months of foundation work, the development team…

Moishe Mana Buys Discounted Downtown Miami Office Tower for $110M

Moishe Mana’s shopping spree continues. The Miami-based real estate investor paid $110 million for an office tower in Downtown Miami, nabbing a nearly 14 percent discount from the property’s last trade eight years ago.  The 31-story high-rise — formerly known as SunTrust International Center and now called One Downtown — faces East Flagler Street, a block…

Aimco’s Hamilton House Now Stands 38-Stories Over Biscayne Bay at 640 NE 34th Street in Edgewater

Aimco’s Hamilton House now stands 38 stories above Biscayne Bay in Miami’s Edgewater neighborhood. Rising at 640 NE 34th Street, the waterfront residential tower is being built by Americaribe-Grycon with architecture by Stantec, and will reach 497 feet while yielding 114 residential rental units overlooking the bay. Recent aerial photographs show the reinforced…

Pitbull’s Wynwood Office Project Approved: The South Florida Deal Sheet

Mr. Worldwide is now one step closer to building a boutique office on the site of his childhood home. Armando Christian Pérez, better known as Pitbull, and his development partner, Rilea Group, secured unanimous approval for the office building design plans from the Wynwood Design Review Committee on Tuesday, the Miami Herald reported. The proposed eight-story, 11K…

Pitbull plans Mr. 305 music firm HQ on site of Wynwood childhood home

Rapper Pitbull wants to build a headquarters for his Mr. 305 music company in Miami, The Real Deal has learned. Pitbull, whose real name is Armando Christian Pérez, proposes the project on the site of one his childhood homes in the Wynwood neighborhood at 25 Northeast 28th Street. The two-bedroom, roughly 700-square-foot home, completed in 1927, has been approved for…

Laura Tauber sues Spanish developer alleging he sidelined her from major Live Local Act project in West Little River

The partnership behind The HueHub, South Florida’s most ambitious Live Local Act project, has devolved into litigation, with Laura Tauber accusing Pablo Castro of cutting her out of the landmark West Little River development, The Real Deal has learned. Tauber, a longtime South Florida developer and investor, sued Castro, a Spanish developer and newcomer to South…

BH Group, Mast Capital complete buyout of Coconut Grove condo building

South Florida developers have completed the buyout of an older condominium building in Miami’s Coconut Grove neighborhood, with plans for luxury redevelopment. An entity affiliated with Aventura-based BH Group and Miami-based Mast Capital acquired seven units last month in Bayshore Park Condominium, at 2545 S. Bayshore Drive, according to deeds filed with Miami-Dade…

BH, Mast Capital complete buyout of 1960s Coconut Grove condo ‘Bayshore Park’

Holding out paid off for the seven remaining individual unit owners of a 1960s Coconut Grove condominium. BH Group and Mast Capital recently paid an average of $985,714 for each of the units at Bayshore Park, while 32 other neighbors sold their units for an average of $661,843 to the joint venture last summer. Miami-based Mast Capital, led by Camilo Miguel, and…

NYC fried chicken concept to open in Coral Gables; new padel courts planned at Delray Beach club; London eatery to debut in Hallandale Beach

Fuku, the fried chicken sandwich concept from Momofuku founder and chef David Chang, will open March 11 in Coral Gables at 135 Miracle Mile. The 2,000-square-foot restaurant marks the brand’s first permanent South Florida location and joins 15 Fuku outlets operating in stadiums, arenas and ballparks across the United States. Originally launched as an off-menu item…

Lease roundup: Downtown Doral scores health care HQ, Tampa brokerage moves into Coral Gables

Codina Partners’ Downtown Doral mixed-use complex scored two new tenants, as well as a lease expansion and a lease renewal. Florida medical centers operator Cano Health will move its headquarters in June to a 25,200-square-foot space on the entire sixth floor at the 8333 Downtown Doral office building, according to a news release from Downtown Doral and a…

Downtown Doral’s 8333 Office Building Signs Two New Tenants, Achieves 90% Occupancy

Codina Partners announced that 8333 Downtown Doral, a premier Class A office building located in the heart of Downtown Doral, has reached 90% occupancy following a surge of leasing activity. This milestone is particularly notable as it’s above the average occupancy rate for office buildings in Doral, according to Fairchild Partners. “8333 Downtown Doral’s…

Town of Medley approves offer from developer for 2.4-acre site

Town leaders in Medley agreed to accept an unsolicited proposal for Coral Rock Development Group to lease and develop a municipal site with apartments. The Town Council accepted the unsolicited proposal on March 2 from Medley Vida LLC, part of Miami-based Coral Rock Development Group, meaning town staff may now start negotiating the terms of a potential deal. The…

Federal pilot program advances plans for air taxis in South Florida

Archer Aviation is closer to launching its electric air taxis in South Florida. The U.S. Department of Transportation and Federal Aviation Administration selected the Florida Department of Transportation to participate in the White House’s electric vertical take off and landing (eVTOL) Integration Pilot Program, a step toward bringing electric air taxis to market. The…

South Florida Developer Rishi Kapoor Arrested, Charged With Fraud

Rishi Kapoor, a prominent South Florida developer connected to former Miami Mayor Francis Suarez, was arrested Friday on criminal federal fraud charges over an alleged $85 million scheme in which prosecutors accuse the developer of diverting funds, lying to financial institutions and failing to pay millions in taxes to fund his lavish lifestyle.  The Justice…

Miramar and Tamarac hotels sold for $16.5 million in portfolio deal

Two WoodSpring Suites extended-stay hotels in Broward County have sold for a combined $16.48 million, according to county records. A special warranty deed recorded Feb. 9 shows NF V ES-W IV Miramar LLC, an entity tied to Atlanta-based Noble Investment Group, acquired the 122-room Miramar WoodSpring Suites hotel at 3660 Red Road for $9.2 million. Gold Coast…

MHG Hotels buys Aloft near Fort Lauderdale airport for $33M

MHG Hotels bought the Aloft Fort Lauderdale Airport for $33.3 million. The Boca Raton-based firm bought the 138-key hotel at 501 Southeast 24th Street, according to a source familiar with the matter. The deal breaks down to almost $241,000 per key. The seller is an entity tied to Boynton Beach-based Green Park Management, which completed development of the hotel in…

Lauderhill assisted living facility sells for $20M, more than double previous trade

Assisted living entrepreneur Jorge Carmenate sold a Broward County group home for more than double what he paid two years ago, underscoring investor interest in South Florida senior housing assets. Miami Lakes-based My Summit Holdings, managed by Mirvian Rodriguez, paid $20 million for Colonial Assisted Living, a 35,546-square-foot facility with 68 units at 2801…

Toyota dealership in Coconut Creek could double in size

Toyota of Coconut Creek, formerly known as Al Hendrickson Toyota, could more than double in size by redeveloping and rebuilding much of its dealership. The city’s Planning and Zoning Board will consider rezoning and site plan applications from Coconut Creek Automotive Management, part of Tampa-based Morgan Automotive Group, on March 11. The 12.3-acre property at…

Denied: Terra, Frisbie’s One Boca megaproject in Boca Raton rejected in landslide vote

Boca Raton’s voters rejected Terra and Frisbie Group’s proposal to redevelop its government campus in a landslide victory for the city’s homegrown NIMBY movement. The city first awarded the developers the bid to redevelop the site in February of last year, but a groundswell of opposition led by Jon Pearlman’s Save Boca organization pressured the developers and…

Boca Raton greenlights Batmasians’ Mizner Plaza Hotel despite public scolding

Developers James and Marta Batmasian’s revised proposal to build a 12-story hotel complex in downtown Boca Raton got the go-ahead from the city’s planning and zoning board in a contentious meeting Thursday in which a neighboring resident called the board “prostitutes.” Approval for the 219-key hotel, replacing the Mizner Plaza shopping center adjacent to…

Developer Secures Financing for Vertical Construction of ‘Glass House Boca Raton’ at 280 E. Palmetto Park Road in Boca Raton

Florida YIMBY has an update regarding Glass House Boca Raton, a residential development taking shape in its namesake city. Previously, our June 2025 report shared that construction had started on the nine-story venture, set to become “the first modern glass building in the heart of the city.” Now, developer 280 E. Palmetto Park Road LLC has secured a $70 million…

Maxim Capital Lends $70M on Boca Raton Resi Tower

Developer Noam Ziv has landed $70 million of construction financing to build a condominium tower in Boca Raton, Fla., Commercial Observer has learned. Maxim Capital provided the loan for Ziv’s nine-story Glass House Boca Raton development slated for completion in late 2027.  “This financing will propel Glass House toward completion and solidify its position as a…

Hyperion lands equity partner, $108M construction loan for delayed Boynton Beach apartments

Hyperion Group’s long-planned Boynton Beach apartment project got a jumpstart with a $108 million construction loan and an equity partnership with Silverstein properties. The deal comes as South Florida’s multifamily market is feeling the sting from a supply overhang following hefty completions in recent years and slower in-migration. As a result, lease-ups have…

Related, BH score $200M loan for Ritz-Carlton condos in West Palm Beach

Related Group and BH Group secured $200 million in construction financing for their planned Ritz-Carlton Residences, West Palm Beach. The developers received financing from Madison Realty Capital for the 27-story, 138-unit tower slated for 1717 North Flagler Drive, according to a news release. The project is 70 percent pre-sold with $150 million in sales in the last…

Publix to buy Related Ross dev site in West Palm Beach

Publix is buying a downtown West Palm Beach development site from Related Ross in the grocer’s latest maneuver as a major South Florida retail real estate investor. The Lakeland, Florida-based chain, led by CEO Kevin Murphy, is under contract to buy 2.3 acres from affiliates of Related Ross to develop a roughly 40,000-square-foot store with covered parking, the…

The Breakers acquires West Palm Beach site for workforce housing

An affiliate of The Breakers Palm Beach scooped up 2.4 acres along Australian Avenue in West Palm Beach where the hotel owners are planning a workforce housing project reserved for its employees. The iconic oceanfront resort’s owner paid a combined $9.1 million for the assemblage at 2410–2508 North Australian Avenue, records and real estate database Vizzda show.

Mast Capital Plans West Palm Beach Condo Tower

Camilo Miguel’s Mast Capital is getting into the condo game in West Palm Beach, Fla. The Miami-based developer has proposed a 25-story high-rise with 86 units at 400 Hibiscus Street in the city’s downtown. The project would include a 5,701-square-foot private club and 6,384 square feet of ground-floor retail space. Last year, Mast Capital paid $5.2 million for the…

Breakers Hotel Owners Building Palm Beach County’s First Employer-Based Housing Dev

As West Palm Beach becomes more unaffordable for locals, including those in service jobs, wealthy investors and employers are looking to add mixed-income housing. That includes the owners of the historic luxury Breakers resort located across the Intracoastal Waterway in the uber-wealthy island town of Palm Beach. Flagler System Management — an affiliate of the Kenin…

Developer Rishi Kapoor arrested on federal fraud charges

Rishi Kapoor, the developer who previously settled a Securities and Exchange Commission civil case alleging he swindled investors, was arrested on Friday on fraud charges. Kapoor, 42, ex-CEO of the once-promising development firm Location Ventures and its URBIN subsidiary, is facing charges tied to allegations he defrauded investors, the Miami Herald reported. He is…

In Florida, Lawsuits Abound Over Allegedly Shoddy Condo Construction

Condominium developers and building contractors are facing a wave of construction-defect lawsuits in Florida, where legal and financial propellants are driving the litigation, along with the sheer volume of condo development.  And the pileup of cases may not recede anytime soon. “They’re going to continue to spike for the next several years,” said Miami-based…

Video: AFIRE CEO Gunnar Branson Discusses 2026 Foreign Investor Sentiment Survey

Foreign Investment in US Real Estate: Opportunities Amidst Challenges In a recent episode of America’s Commercial Real Estate Show, the show’s host engaged in a comprehensive discussion with Gunnar Branson, CEO of the Association of Foreign Real Estate Investors (AFIRE). The focus of the conversation was on the sentiment of foreign investors towards the US…

Developer To Start Construction On $190M Affordable Housing Project in Miami A&E District

NR Investments is getting started on a fully income-restricted apartment tower in the Miami Arts and Entertainment District. The South Florida-based development firm, co-founded by Ron Gottesmann and Nir Shoshani, held a groundbreaking ceremony on Thursday for Uni+Dos, a 398-unit apartment tower with units designated for those making between 60% and 140% of the area…

Gilberto Bomeny goes the distance to keep control of downtown Miami site

After betting big on a pair of luxury condo projects in the 2010s, Brazilian developer Gilberto Bomeny’s attempt to add a third skyscraper to Miami-Dade County’s skyline hasn’t gotten off the ground. But he’s still fighting. Now he’s in a nasty tug-of-war with New York-based Cirrus Real Estate Partners for control of the downtown Miami development site where…

Lawmaker aims to drown city board’s power in Fontainebleau Miami Beach pool upgrades

A Florida legislator who doesn’t represent Miami Beach is pushing a measure that could wipe out the city’s ability to regulate upgrades at Jeffrey Soffer’s waterfront resort. David Borrero, a Doral state representative, tacked on a win for the billionaire developer in a massive bill that would create sweeping new land-use and development regulations across the…

Eichners launch wellness-focused North Miami condos after $49M buyout

Ian Bruce Eichner and his daughter Allie Eichner are launching a wellness-focused condo on the waterfront North Miami site where they completed a $48.5 million bulk buyout this fall. The planned 12000 Sport & Wellness Waterfront Residences is slated for the site at 12000 North Bayshore Drive in North Miami and will rise 20 stories and have 262 units, according to a…

Inside the developer gold rush to update Miami-Dade’s aging public housing

A collection of two-story buildings with orange stucco walls sits on a quiet lot along Miami’s busy Northeast Second Avenue. A few blocks west, single-story white homes with air-conditioning units wedged in windows and clotheslines in courtyards cluster underneath Interstate 95. These are some of Miami’s public housing complexes, built from the 1940s to the 1970s…

Mark Zuckerberg’s $170M Indian Creek Island purchase sets Miami-Dade record

Mark Zuckerberg and his wife, Priscilla Chan, closed on their purchase of an Indian Creek mansion for a record $170 million. The deal marks the culmination of weekslong buzz among the real estate community over the billionaire couple’s impending purchase on the exclusive waterfront island. Zuckerberg, who is CEO of Meta, and Chan bought the under-construction home…

Mark Zuckerberg Buys $170M Miami Mansion (Forreal This Time)

Miami’s Billionaire Bunker just added another resident from Forbes’ 2025 list of wealthiest people after Facebook founder Mark Zuckerberg and his wife, Dr. Priscilla Chan, closed on a $170 million mansion on the lavish Indian Creek island on Monday, sources told the Wall Street Journal. Rumors surrounding Zuckerberg’s South Florida house hunt have swirled for…

Zuckerberg Breaks Miami Record With $170 Million Mansion

Meta Platforms Inc. founder Mark Zuckerberg and his wife, Priscilla Chan, purchased a $170 million mansion on Miami’s “billionaire bunker,” a private island in Biscayne Bay, according to two people familiar with the matter. The sale at 7 Indian Creek Island Road sets a record for most expensive home sale in Miami-Dade County. Developer Vlad Doronin’s $120…

High interest rates, construction costs choke Miami development

Miami is feeling a construction slowdown following over a decade of sustained growth, with high interest rates and construction costs impacting new development and the cost of living pushing more people into renting, according to commercial real estate brokerage Lee & Associates. Employment data paint a different picture of those construction trends. Todd…

Nationally owned apartment complex to rise in Miami on Coral Way

New housing is part of a large multi-family development called Kanso Coral Way, planned for 2340 SW 32nd Ave. Kanso Coral Way LLC plans to develop the site with an eight-story residential project consisting of 166 dwellings, including ground floor lobby, structured parking, and rooftop amenity deck. Miami’s Urban Development Review Board unanimously…

Miami commission kicks forward bid for shorter mayor’s term

Miami’s push to move elections to higher-turnout years has landed the city at another crossroads, as officials tabled a vote last week to shorten Mayor Eileen Higgins’ term and shift her next election to August over concerns it could split local races and depress voter participation. At the Feb. 26 meeting, the Miami City Commission deferred a resolution directing…

Walker & Dunlop Arranges $80M Loan for Multifamily Development on Miami’s Bay Harbor Islands

Walker & Dunlop has arranged $80 million in construction financing for 10290 East Bay Harbor Drive, a luxury multifamily development on Bay Harbor Islands in Miami. Adam Schwartz, Jonathan Schwartz, Aaron Appel, Keith Kurland, Sean Reimer, Michael Diaz and Michael Ianno of Walker & Dunlop arranged the floating-rate, interest-only loan through New…

‘The Continuum 12000 Sport & Wellness Residences’ to Comprise 262 Condos at 12000 N Bayshore Drive in North Miami

Florida YIMBY has an update regarding a sports-themed housing development we covered nearly three years ago. Our 2023 report indicated that developer Continuum Cos. wanted to proceed with a 267-unit condo in North Miami, then unnamed. Now, our sources have shared that the developer is moving forward with a 20-story, 262-unit project: The Continuum 12000 Sport &…

OKO Group and Cain Receive TCO for 47-Story Una Residences at 175 SE 25th Road in Brickell

Construction has reached completion and a Temporary Certificate of Occupancy has been issued for Una Residences, a 47-story waterfront condominium tower at 175 SE 25th Road in Miami’s Brickell neighborhood. The project was developed by OKO Group and Cain and designed by Adrian Smith + Gordon Gill Architecture. The issuance of the TCO by the City of Miami allows the…

Welcome to Neumannville? Flow’s plans in El Portal incite local ire

The Rader Memorial United Methodist Church in South Florida’s El Portal had a hole beneath its steeple. A chain-link fence encircles the shuttered sanctuary, and on a recent weekday in February, a half dozen residents clustered nearby as an excavator idled beside the two-story building, hoping to save it from Adam Neumann’s wrecking ball. Dust and debris spilled…

$80 Million Construction Loan Arranged for 150-Unit Rental Development at 10290 East Bay Harbor Drive in Bay Harbor Islands

Walker & Dunlop has arranged an $80 million construction loan for 10290 East Bay Harbor Drive, a 150-unit multifamily development located at 10290 East Bay Harbor Drive in Bay Harbor Islands. The financing supports the third phase of a three-part master-planned rental community by Clara Homes. The Walker & Dunlop Capital Markets Institutional Advisory team…

Mayfair in Coconut Grove lands $114M refi as South Florida lending flows

The Mayfair in the Grove mixed-use complex in Miami scored a $113.6 million refinancing, as South Florida lending keeps flowing amid higher interest rates. Guggenheim Partners Investment Management provided the debt, which refinanced an outstanding balance of $72.4 million on a 2022 loan for $76.7 million, and bumped up the total by $41.2 million, according to records.

Canero, 8K pay $28M for majority of Coconut Grove condo

Condo buyout fever is creeping deeper into Coconut Grove, where a pair of Miami firms paid a combined $27.7 million for a majority of units in an aging complex. Miami-based Canero Group, led by Jose Canero Sr. and Jose Canero Jr., and Miami-based 8K Capital, led by Alexander Levin, acquired 59 of the 66 units in the Virginia Pointe Condominium at 3245 Virginia Street…

Guggenheim Partners Refinances Coconut Grove Complex for $114M

An entity controlled by Palm Beach investor Timo Kipp of Whalou Properties Management has secured $113.6 million to refinance its interest in Mayfair in the Grove, a 283,000-square-foot retail and office asset in Coconut Grove, Fla., according to a release. Guggenheim Partners provided the debt, while CBRE’s Amy Julian and Andrew Chilgren represented the…

Aviation firm expands with new 28,000-square-foot repair facility in Doral

A local aviation company has substantially expanded its footprint with a new industrial space. Doral-based Flight Power Repair Group signed a lease for about 28,000 square feet at 9905 N.W. 17th St. in Doral. Flight Power Repair Group opted not to bring in an outside broker. Stream Realty Partners’ Steve Medwin and Nick Wigoda represented the landlord, an affiliate…

Lease roundup: Italian restaurant Limoncello opens in Doral, Eastern Mediterranean café Motek in expansion mode

An Italian restaurant and an optical boutique are opening at Downtown Doral. Limoncello, owned by the Mingrino and LaSpada families, leased 4,100 square feet, and Eye Culture, which offers eyewear and eye care, leased 1,100 square feet, according to a Downtown Doral news release. Both tenants are at 8550 Northwest 53rd Street in Doral. This marks Limoncello’s second…

Bridge lands $57M construction loan for Doral office-to-industrial redev

Bridge Industrial scored a $56.7 million construction loan to redevelop a Doral corporate campus into warehouses. The deal comes as South Florida developers are seizing on suburban office complexes with plans to redevelop the sites. Aging offices in the western part of South Florida have struggled due to remote work and from the competition created by coastal areas…

Codina Partners Tops Out 7-Story, 405-Unit ‘Sevilla’ at Downtown Doral

Codina Partners has topped off Sevilla at Downtown Doral, a seven-story, 405-unit residential tower located at the corner of Northwest 53rd Street and Northwest 52nd Terrace in Doral, Florida. The milestone marks the completion of vertical construction on the mid-rise development, which is rising on a 4.2-acre parcel within the 250-acre mixed-use Downtown Doral…

Bridge Industrial Nabs $57M to Convert Old Doral Offices Into Warehouses

Offices aren’t just being turned into apartments. Bridge Industrial nabbed a $56.7 million construction loan to convert an old office property in Doral, Fla., into warehouses. Associated Bank supplied the financing, which covers a 16-acre site at 7775 Northwest 48th Street, just west of the Palmetto Expressway and northwest of Miami International Airport. The…

Gus Machado Ford dealership in Hialeah sells for $21 million

The Gus Machado Ford dealership in Hialeah sold for $21 million to another local dealership owner. Verium Investments LLC, managed by Victor Benitez, sold the 52,392-square-foot dealership at 1200 W. 49th St. to Ford of Hialeah LLC, managed by Luis M. Somoano. The buyer assumed the seller’s $15.01 million mortgage with City National Bank of Florida. Property data…

Car dealer Luis Somoano drops $22M on Hialeah site

Auto dealer Luis Somoano expanded his South Florida portfolio by paying $21.5 million for a Ford retail site in Hialeah previously owned for 40 years by the late car selling mogul Gus Machado and his family. An entity managed by Doral-based Somaono, who owns two other dealerships in Miami-Dade County, paid $2.2 million above the previous sale price less than two years…

SeaVee Boats sells Medley HQ for $51M in leaseback deal

SeaVee Boats will stay anchored in Medley after selling its global headquarters to Sagard Real Estate for $51 million. An affiliate of Denver-based Sagard, led by Mark Bigarel, acquired the boat showroom and manufacturing complex at 11081 Northwest South River Drive, records and real estate database Vizzda show. The buyer financed the purchase with a $30.6 million…

First-of-its-kind bus center due a 2026 opening in Homestead

The first bus operations center in the nation “built from the ground up specifically for electric buses” will be completed toward the end of this year, the Citizens’ Independent Transportation Trust was told last week. After an electrical failure there, “We’re working with the contractor to kind of shorten the time frame to make those repairs that are…

Related Ross Buys The Ben in West Palm Beach with $173M Loan: The South Florida Deal Sheet

Related Ross, led by billionaire and Miami Dolphins owner Stephen Ross, added yet another property to its dominant West Palm Beach portfolio. The developer purchased the 208-room The Ben hotel, part of Marriott International’s Autograph Collection, from Wheelock Street Capital, Related Ross announced. Ross landed a $172.5M loan from Nomura to finance the deal.

2025 Year-End South Florida Office Investment Sales Report

South Florida’s office investment volume reached $3.3 billion in 2025, a 25.8% year‑over‑year increase signaling a solid rebound for the region. Despite softer pricing, $282 per square foot on average and 6.4% cap rates, both down from the prior year, market momentum strengthened meaningfully in the fourth quarter as the Fed continued rate cuts, closing the year…

The Residences at Shell Bay Reaches Topping Out Milestone in Hallandale Beach

The Residences at Shell Bay has topped off within the 150-acre Shell Bay private enclave developed by Witkoff and PPG Development. Designed by Kobi Karp Architects, the milestone marks the completion of the 20-story tower’s vertical construction as work progresses toward its planned 2027 completion. The edifice will comprise 108 private residences with views of the…

Bridge Asset Management Advances Plans for Eight-Story Development at 400 S Dixie Highway in Hollywood

A New York-based developer intends to move forward with an apartment complex near Hollywood’s Young Circle. The unnamed development is set to measure eight stories above grade and comprise 387 apartments. Homes would range from studio to two-bedroom units, with most of the homes (202) being one-bedroom units. Amenities at the multi-family development would…

Natiivo Fort Lauderdale site heads to auction after $26M foreclosure judgment

Harvey Hernandez’s Newgard Development Group could lose a downtown Fort Lauderdale site where the firm planned a 40-story mixed-use tower. A court auction is scheduled for March 11 to sell the 1-acre property at 200 West Broward Boulevard to satisfy a $25.7 million foreclosure judgment issued Jan. 30 in favor of New York-based Kushner Companies, led by Laurent…

Broward industrial property nearly doubles in value with $34 million sale

Oakland Park Commerce Center sold for $34 million, nearly doubling in value from its prior trade. Delray Beach-based Mindful Capital, through affiliate Oakland Park Commerce Center LLC, sold the 144,874-square-foot, seven-building industrial complex at 3600 N.E. 4th Ave. to NorthBridge Partners of Wakefield, Massachusetts. Cushman & Wakefield’s Greg Miller, Dominic…

Tamarac educational building could be redeveloped

A Tamarac educational building that houses the Gold Coast Schools with its real estate education program could be redeveloped into a warehouse. The city’s Planning Board will consider the small-scale land use amendment for the 5.5-acre property at 5600 N. Hiatus Road on March 4. It currently has a 19,880-square-foot educational office building that was built in 2003.

Terra’s David Martin makes the case for his big development in Boca Raton, workforce housing

Terra CEO David Martin said his One Boca mixed-use project would generate over $2 billion for the city of Boca Raton over its 99-year land lease, but it will be up to city voters to decide whether this deal will move forward. One of the most prolific developers in South Florida in recent years, Martin was a guest on the latest episode of the “Business Breakdown with…

Life Time opens adults-only athletic country club in West Boca Raton

Life Time opened a three-story, 37,000-square-foot, adults-only athletic country club at Uptown Boca, 9698 Glades Road in Boca Raton. The new location is its first in Florida to offer CTR (Core. Tone. Reform.), a reformer-based, Pilates-meets-athletic-conditioning class. The facility has dedicated studios for group training, Pilates, yoga/Mind-Body 360, barre and…

Berritto expands into Boca Raton with $93M portfolio buy

Berritto Family Office expanded its South Florida holdings by acquiring a Boca Raton mixed-use portfolio for $92.7 million. Affiliates of Fort Lauderdale-based Berritto, led by CEO Anthony Berritto, acquired three office and retail properties from Weston-based Titan General Partners, led by James Caprio, the South Florida Business Journal reported. Berritto bought the…

800-Unit Development Could Replace Golf Course at 6455 Jog Road in Greenacres

On February 26th, the Palm Beach County Commission considered plans that would involve redeveloping a shuttered golf course into an 800-unit housing development. GL Homes wants to proceed with a now-unnamed community that would feature 500 single-family homes, measuring 1,800 to 4,800 square feet, and 300 apartments spread across multiple four-story buildings.

Immocorp, Hong Kong investor supersize West Palm Beach condo buyout bids to $430M

Immocorp Capital is upping the ante on its bid to buy out a waterfront condo building, and it brought in reinforcements. BEKO Equities, a newly formed joint venture between Gilbert Benhamou’s Miami-based Immocorp and Hong Kong-based alternative asset manager O.D. Kobo, wants to purchase a pair of West Palm Beach condo buildings for about $430 million, according to…

Related Ross snags $173M loan to buy West Palm Beach hotel

Billionaire developer Steve Ross added another trophy building to his expansive West Palm Beach portfolio with $172.5 million in financing. Tokyo-based Nomura provided the loan to West Palm Beach-based Related Ross for the acquisition of The Ben Hotel, a 208-room property at 251 North Narcissus Avenue that operates under Marriott’s Autograph Collection brand, a…

Related Ross, partners land $145M refi for West Palm Beach offices from Hudson Bay

Related Ross and its partners landed a $145 million refinancing for the Esperanté Corporate Center in downtown West Palm Beach. Billionaire Steve Ross’ West Palm-based Related Ross, along with JZ Capital Partners and Greenmont Group, scored the debt from Hudson Bay Capital Management, according to a Related Ross news release. Eastdil Secured facilitated the…

Great Gulf launches Mandarin Oriental-branded West Palm Beach condos

Great Gulf is launching Mandarin Oriental-branded waterfront condos in West Palm Beach, making it the latest luxury development in the city’s north end. The planned Mandarin Oriental Residences, West Palm Beach will span 31 stories and 87 units, according to a news release. Great Gulf tapped Moshe Safdie’s Safdie Architects to design the tower, with interiors by…

Construction Nears Completion on The Sound Apartments at 8111 South Dixie Highway in West Palm Beach

Construction is nearing completion on The Sound Apartments, an 8-story mixed-use residential development located at 8111 South Dixie Highway in West Palm Beach. The project is being developed by Woodfield Development in partnership with Flagler Realty & Development Inc., with Verdex Construction serving as general contractor and Spina O’Rourke + Partners acting…

Related Group, BH Land $200M to Build Ritz-Carlton Condo in West Palm Beach

Jorge Pérez’s Related Group and BH Group scored a $200 million construction loan for the latest luxury condo development in West Palm Beach, Fla. — a Ritz-Carlton-branded tower — Commercial Observer has learned.  The financing from Madison Realty Capital covers the 27-story, 138-unit project at 1717 North Flagler Drive, north of the city’s downtown.

Related Ross Lands $173M Financing to Buy the Ben Hotel in West Palm Beach

Related Ross has acquired a luxury West Palm Beach, Fla., hotel using a $172.5 million loan from Nomura, according to Newmark. The 208-room hotel just off North Flagler Drive at 251 North Narcissus Avenue is known as the Ben. It was completed in February 2020 and is operating as part of Marriott’s Autograph Collection, Newmark announced after arranging the financing.

‘The Mandarin Oriental Residences, West Palm Beach’ Planned for 2031 Completion at 5400 N Flagler Drive in West Palm Beach

Florida YIMBY has an update regarding a luxury housing project we initially covered in December 2024. Our initial report shared that Toronto-based Great Gulf had revealed plans for a 31-story venture that would feature 87 condos. Now, the developer has not only launched sales but has announced that the high-rise would be under the Mandarin Oriental Residences…

Stephen Ross Lands $145M Refi for Older West Palm Office Building

A joint venture led by Stephen Ross’s Related Ross nabbed $145 million to refinance Esperanté Corporate Center, an older office building in Downtown West Palm Beach, Fla. Hudson Bay Capital Management provided the financing for the 17-story building, which is co-owned by JZ Capital Partners and Greenmont Group. The 256,000-square-foot property,  which dates to…

PGIM Sells Palm Beach Gardens Multifamily for $132M

The Dermot Co. has purchased The Quaye at Palm Beach Gardens, a 340-unit community in Palm Beach Gardens, Fla. PGIM Real Estate sold the asset for $131.8 million, about $386,510 per unit, according to Yardi Matrix information. Affinius Capital originated a $110 million loan to finance the acquisition. Walker & Dunlop arranged the deal. Located at 10000 S. Gardens…

In Palm Beach County, Shidler surrenders rentals, Dermot drops $132M on apartments

A pair of apartment complexes in Palm Beach County traded hands, with one seller scoring a gain on the price and the other surrendering the property to avoid foreclosure. Newark, New Jersey-based PGIM Real Estate sold the 340-unit The Quaye at Palm Beach Gardens at 10000 South Gardens Drive in Palm Beach Gardens to New York-based Dermot Company for $131.8 million…

Wellington rejects billionaire Frank McCourt’s polo field redevelopment plans

Billionaire developer Frank McCourt’s plans with Discovery Land Company to build 27 homes and a country club on the Isla Carroll Polo field were shot down by Wellington village officials in a late-night vote that followed hours of testimony and discussion. Only Vice Mayor Tanya Siskind supported rezoning 79 acres at 3665 120th Avenue for McCourt Partners and…

Update: Related Ross to pay $46M for Wellington-owned farmland

Related Ross will buy 71 acres of village-owned land in Wellington for $46.3 million, after an amended purchase agreement was approved Tuesday. The firm of billionaire developer and Miami Dolphins majority owner Steve Ross previously agrreed to pay $28.3 million for the eastern portion of the former K-Park Parcel where hotels, retail, and residences are planned.

The Evolution of CRE Demand

Commercial real estate has, somewhat quietly, undergone a structural transformation. Although the shift has been gradual, the cumulative impacts of this transformation have become more apparent and stand to have a profound effect on the performance of CRE fundamentals and consequently the investment landscape. Demand for space has become relatively more important over…

What to know about office-to-residential conversion

Vacant office buildings in cities across the country are getting new life as housing developments—helping fill a critical shortage while giving underutilized properties renewed purpose. In New York City alone, the pipeline of completed, ongoing and potential office-to-residential conversion projects reported between 2020 and March 2025 could produce as many as…

U.S. Apartment Occupancy and Rents Inch Up Again in February

For the first time in two years, U.S. apartment occupancy and rents both posted back-to-back monthly increases, though the upturns were mild. After consistently logging mild monthly declines throughout the back half of 2025, apartment occupancy inched up in both January and February 2026. U.S. occupancy hit 94.8% in February, after rising 10 basis points (bps) in each…

Why this apartment developer is deploying $1 billion of new capital toward older buildings

Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC delivered to your inbox Get this delivered to your inbox, and more info about our products and services. © 2026 Versant Media, LLC. All Rights Reserved. A Versant Media Company. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business…

Demand for Newer Industrial Assets Hits Multiyear High

Demand for newer, large-format industrial properties is surging, driven by corporate occupiers and third-party logistics providers (3PLs), according to Cushman & Wakefield’s latest large-format industrial report. Net absorption in the second half of 2025 was led by warehouses and logistics facilities delivered since 2020, marking the strongest activity in more than a…

Video: Office Sector Forecast with CoStar Director of U.S. Office Analytics Phil Mobley

In the ever-evolving landscape of commercial real estate, the office sector remains a focal point of intrigue and analysis. As industries grapple with the post-pandemic world, the dynamics of office spaces have been under intense scrutiny, revealing a myriad of trends and shifts. The recent episode of America’s Commercial Real Estate Show, hosted by an unnamed…

Diego Ojeda of Rilea Group: 5 Questions

Rilea Group President Diego Ojeda is in the midst of adding two projects to Miami’s hot Wynwood neighborhood. The development firm is building Mohawk at Wynwood, a 300-unit multifamily project that recently landed $150 million in construction financing. Next door, on Northwest 29th Street, is the Rider Residences, a 146-unit condo project backed by a $90 million…

Miami River development site slated for auction over $12 million foreclosure judgment

A development site along the Miami River is slated for auction after its owner lost a $12.85 million foreclosure judgment. River Tarpon LLC won the judgment against 1515 Miami River Development in Miami-Dade County Circuit Court on Feb. 3. It was based on a mortgage with $10 million in principal outstanding, plus interest and fees. The 1.77-acre site, at 1515 N.W.

Developer sues city of Miami Beach for not approving Live Local Act application

The owner of an Art Deco building in Miami Beach has filed a lawsuit against the city for allegedly refusing to approve its application to redevelop it into apartments via the state’s Live Local Act. Meanwhile, a group of neighboring residents have spoken out against the redevelopment plan because they believe it would clash with the city’s historic preservation…

Miami Among Top 10 Markets for Multifamily Deliveries

In 2025, developers continued to concentrate their multifamily construction activity in Sun Belt metros, with Texas leading activity. The top 10 markets for deliveries saw a combined 218,819 units completed last year, about 11 percent fewer than in 2024. The large number of multifamily units under construction will ensure sustained growth this year, as well. However…

PMG To Build Another Downtown Miami Supertall Next To Waldorf Astoria

Property Markets Group is building what will one day soon be Florida’s tallest tower in Downtown Miami. On Thursday, it announced plans to build a neighboring tower nearly as high. Miami-based PMG has struck a deal with hospitality company Ennismore to develop a 90-story Delano-branded condo tower, the companies announced Thursday. The 421-unit building is planned…

Zuckerberg, Palantir splash down, but will Big Tech’s Miami moves ripple out?

Mark Zuckerberg is the latest tech billionaire to consider Miami as his home base, but it remains to be seen whether his move, and a broader wave of relocations, will meaningfully boost South Florida’s residential market. Zuckerberg and his wife, pediatrician and philanthropist Priscilla Chan, are reportedly in talks to buy the waterfront compound at 7 Indian Creek…

Marlon Gomez’s Miami River site heads to foreclosure auction

Two years ago, a 1.8-acre development site on the Miami River entitled for 40 luxury townhomes hit the market for $25 million. Next week, the same property is scheduled to be sold at a courthouse auction to satisfy a $12.8 million foreclosure judgment. It’s the latest setback for Miami-based developer Marlon Gomez, who five months ago lost control over a separate…

Palantir heads to Miami, but will the real estate impact match Citadel’s?

Palantir Technologies took to X this week to announce its move to Miami. The publicly traded AI software firm, led by CEO Alex Karp, is leasing space at Industrious, a co-working space in Aventura. Boosters of Miami real estate rejoiced, but will the move, and other recent HQ relocations to South Florida, lift up the market the way Citadel did in 2022? While demand…

Continua, SP score $58M loan for North Miami apartments as rents fall

Developers of a North Miami apartment project scored a $57.8 million construction loan as Miami-Dade County’s multifamily pipeline chugs along despite a slowdown in leasing activity. Continua Developments, led by principals Felipe, Enrique and Pablo Echeverri, and SP Developments, led by Daniel Jaramillo, obtained an Abanca USA mortgage for Urbania NoMi 6ave, a…

PMG launches first Delano-branded supertall in Miami

An iconic Miami Beach hotel attached its brand to a supertall condominium that PMG is developing next door to its under-construction Waldorf Astoria Hotel & Residences. The planned Delano Residences Miami marks the first branded condo project for the hotel, according to a news release. Slated for the 1.2-acre site at 400 Biscayne Boulevard, the project is set to rise…

Miami Beach condo-hotel owner torpedoes foreclosure auction with bankruptcy filing

The owner of Miami Beach’s Sixty Sixty Resort thwarted a foreclosure auction at the last minute by filing for bankruptcy. Coconut Grove-based Bloom Hotels 6060 filed a chapter 11 petition in Miami federal court on Monday, a day before the 16-story waterfront building at 6060 Indian Creek Drive was set to be sold to satisfy a lender’s $23.7 million judgment, the…

Miami Beach businesses seek balance — not a rekindled relationship with their spring break ‘ex’

Miami Beach businesses aren’t looking to rekindle things with spring break’s wild past — they just want a healthier relationship. After last year’s tough crackdown, many South Beach businesses say this season’s lighter touch will strike a better balance between safety and sales. The city’s now-infamous “it’s not me, it’s you” breakup-style…

Officials, activists urge Miami-Dade commissioners to reverse course on UDB decision

There was a show of political force, conservation and unity outside the Stephen P. Clark Government Center in downtown Miami on Tuesday. Miami-Dade Mayor Daniella Levine Cava urged county commissioners to uphold her veto, blocking their vote to approve Kelly Tractor’s petition to build new headquarters outside the county’s Urban Development…

Rather than overturn rare veto, Miami-Dade commissioners extend time for major wetlands project

Miami-Dade County commissioners voted Wednesday to reconsider a controversial heavy equipment headquarters on wetlands outside the county’s urban development boundary rather than reject a rare veto by the mayor. In proposing the do-over, Commissioner Juan Carlos JC Bermudez, who championed Kelly Tractor’s expansion plan, said he wanted to give the company and…

Miami-Dade Mayor Daniella Levine Cava rallies supporters for urban boundary veto

In her effort to stop a heavy equipment operator from building new headquarters on wetlands outside Miami-Dade County’s urban development boundary, Mayor Daniella Levine Cava on Tuesday urged county commissioners to consider the toll on county resources. ”The wetlands are not obstacles to development. They are infrastructure. They filter our water. They recharge…

Miami Waldorf Developer Pitches Second 1,000-Foot Skyscraper

The real estate developer building a 1,049 foot-tall Waldorf Astoria-branded condo tower in Miami is now proposing a second supertall skyscraper down the block. Property Markets Group, the Miami-based firm which also co-developed the super-slender building at 111 W. 57th St. on Manhattan’s Billionaires’ Row, plans to break ground on the 985-foot tower in downtown…

Five U.S. Office Buildings – One in Miami – Leading the Race for Record Rents

The history of New York’s Seagram Building as a trendsetter for the highest of Class A office rents is so ingrained in its history that even the company that gave the building its name once had to abandon some of its space there due to the high cost of the building’s rent. In 1972, Joseph E. Seagram & Sons — which had been headquartered in the Ludwig Mies…

Vote may shorten term of Miami mayor by a year

As Miami voters head to the polls this summer, they could shorten Mayor Eileen Higgins’ current term as part of a push to align city elections with statewide and countywide ballots, boosting turnout and cutting election costs. On Feb. 26, the Miami City Commission is set to vote on a resolution directing the city attorney to draft a charter amendment for the Aug. 18…

Miami-Dade wetlands development veto battle gets bogged down in blame game

After a veto by Mayor Daniella Levine Cava of a county vote that would have allowed development in the wetlands, commissioners last week debated the procedures of the battle, chalked up the fight to their own political interests, and voted to reconsider the issue in March. Commissioners said the would-be developer outside the Urban Development Boundary, Kelly…

Miami International Airport area Regency Airport Hotel to tie in multi-family residences

A developer plans to bring new life to a property near Miami International Airport by constructing new multi-family buildings hugging an existing hotel at 1000 NW 42nd Ave. MG Developer Miami LLC has proposed the new residential offerings, Regency Parc & Residences, to accompany the Regency Airport Hotel, a six-story 176-unit hotel built in 1982. The new…

City of Miami to Vote on Shifting Housing Density from Affordable Projects

The Miami City Commission will vote Thursday on a proposal to expand a program that allows developers to transfer unused development density from affordable and mixed-income housing projects in certain low-income areas to market-rate or luxury projects elsewhere in the city. Under existing law, developers of qualifying affordable housing projects who build fewer…

Prospect Ridge Lends $150M for Florida Industrial Refi – Properties in Miami-Dade, Other Counties

A joint venture between Redfearn Capital and TPG has landed a $150 million loan to refinance a Florida industrial portfolio, Commercial Observer has learned, Prospect Ridge provided the loan for 10 logistics properties the sponsorship owns throughout Florida, including sites in Miami-Dade County, Orlando, Clearwater, Jacksonville and Naples. The deal, which was…

Delano Residences Miami Announced as 90-Story, 985-Foot Supertall on Biscayne Boulevard

Ennismore and Property Markets Group have announced Delano Residences Miami, a proposed 90-story, 985-foot-tall supertall tower planned for Downtown Miami along Biscayne Boulevard. Designed by Carlos Ott in collaboration with CUBE 3, with interiors by Meyer Davis, the development will contain 421 residential units and will mark the first-ever Delano-branded…

To Bring Back Live Music, Miami Beach Eases Permitting for Empty Space

In an attempt to fill vacant commercial spaces along Miami Beach’s popular Lincoln Road and elsewhere in the city, the City Commission last week unanimously approved an ordinance easing the path for restaurants to offer live entertainment. The temporary ordinance, in effect through the end of 2026, is aimed at “deregulating and streamlining” the permitting…

Nitin Motwani on bringing the $6 billion Miami Worldcenter to life

Miami Worldcenter has become a fixture on the north side of downtown Miami with its shops, restaurants, apartments and hotels, but this $6 billion project took a long time coming. Nitin Motwani spent nearly two decades working on this 27-acre mega project. For years, the walk between the bayside arena and the parking lots of Overtown/Park West was a bit harrowing, but.

Kempinski Group Unveils First U.S. Branded Residential Project at 3801 and 3883 Biscayne Boulevard in Miami

Kempinski Group has unveiled Kempinski Residences Miami Design District, its first branded residential project in the United States. The two-tower development is planned for 3801 and 3883 Biscayne Boulevard at the gateway to the Miami Design District. The project is being developed by DaGrosa Capital Development Partners, with architecture by Arquitectonica, interiors.

Miami Beach Adopts Major Deregulatory Policy to Attract Restaurants and Live Entertainment

The Miami Beach City Commission has unanimously approved a sweeping temporary deregulatory ordinance designed to accelerate the opening of qualifying restaurants and indoor live entertainment venues across several of the city’s primary commercial corridors, including Lincoln Road. The policy removes the requirement for conditional use permits in designated districts.

Pre-Application Filed for 19-Story Mixed-Use Workforce Housing Project At 9001 NW 7th Avenue Near West Little River

A pre-application has been filed with Miami-Dade County for a proposed 19-story, 221-foot-tall mixed-use development tentatively named NOMI 7|90 at 9001 NW 7th Avenue and 663 NW 90th Street along the NW 7th Avenue corridor near West Little River in unincorporated Miami-Dade County. The property owners are 306 WW LLC and The Mimosa Group LLC, managed by Sebastian Cobas…

Live Local drives another big multifamily project near El Portal

Developers want to build a 480-unit Live Local Act project near Interstate 95, marking a surge in proposals under the state law meant to address housing affordability. Two entities managed by Barbara and Sebastian Cobas of Miami filed an application for a 19-story development called NoMi 7|90 on nearly 3 acres at 9001 Northwest Seventh Avenue and 663 Northwest 90th…

El Portal residents to Adam Neumann: “You punched us in the face”

Adam Neumann is fast becoming persona non-grata in El Portal, the small village in northeast Miami-Dade County where he wants to erase an old church to make way for his wife’s private school. At a town hall Thursday, a procession of village residents bashed Neumann, who was not in attendance, and two owner representatives for SOLFL School, who hosted the event. Four.

Clara Homes locks down $80M to build third upscale rental project in Bay Harbor Islands

Clara Homes scored an $80 million construction loan for its third luxury apartment building in Bay Harbor Islands. New York-based Madison Realty Capital provided the financing for a 77-unit building at 10200-10290 East Bay Harbor Drive, CEO and Founder James Curnin said. Construction is slated to start by next month and completion is expected in the first quarter of…

“Betrayed”: Sunny Isles commissioners approve plans for Related, Dezer, BH’s tower amid outcry from residents

The Sunny Isles Beach City Commission voted in favor of Related Group, Dezer Development and BH Group’s proposed condo tower, despite mounting concerns from neighboring residents and disagreements on the commission. Related, Dezer and BH filed plans for a 62-story, 145-unit condo tower on the site of the former Miami Beach Club at 19051 Collins Avenue months after…

Sunny Isles Beach Approves 62-Story, 820-Foot Condominium Tower at 19051 Collins Avenue

The Sunny Isles Beach City Commission has approved the 62-story oceanfront condominium tower planned at 19051 Collins Avenue in Sunny Isles Beach. The project is being developed by The Related Group in partnership with Dezer Development and BH Group. The approval allows for redevelopment of the roughly 2 acre oceanfront parcel currently occupied by the Miami Beach…

Billionaires at the gate: Is extreme wealth reshaping Coconut Grove?

Halfway down Anchorage Way — a historic, tree-lined cul-de-sac linking Main Highway to the shallow waters of Biscayne Bay — the street simply stops as a security gate blocks the road. On a recent bike ride on a weekday afternoon, a Spotlight reporter was halted before reaching the gate: a guard emerged from a nearby building and asked, politely but firmly, for the…

City of Coral Gables Inks 11K-SF Lease as City Hall Renovation Begins

As the City of Coral Gables prepares to renovate its historic city hall, the government is moving some of its divisions across the wealthy Miami suburb. The City of Coral Gables signed a 10,500-square-foot lease at the 2020 Ponce office building, according to the landlord, the Hollo family’s Florida East Coast Realty (FECR).  The finance department will occupy…

2020 Ponce in Coral Gables Secures Nearly 10,500 Square Feet in New Lease with the City of Coral Gables

Florida East Coast Realty has announced that the City of Coral Gables has signed two new leases totaling nearly 10,500 square feet at 2020 Ponce, a 14-story, 130,000-square-foot Class A office condominium tower located in the heart of Coral Gables. The City will occupy 6,870 square feet on the 12th floor, along with 3,597 square feet on the ground floor of the…

Doral couples new parking complex with 9 pickleball courts

Doral Central Park will soon have a brand-new parking garage and recreation area. Last week, the Doral City Council told staff to move forward with acquiring a design firm and construction management to build an estimated $34 million garage and recreation area buildings at Doral Central Park at 3005 NW 92nd Ave. Three-level garage would have about 532 parking spaces…

Student housing set to rise in Sweetwater near FIU after $23 million acquisition

A developer will soon move forward with a student housing project near Florida International University’s main campus after buying the development site for $22.5 million and locking down financing. FIU Student Housing Estates LLC, managed by Jason Talbot of Miami Beach-based WFHP LLC, sold the 1.33-acre site at 10742 S.W. Fifth St. to PRG Casa Properties LLC, care…

Louisiana developer lands $250M debt to build student housing at FIU in Sweetwater

Provident Resources Group is taking over a student housing development site near Florida International University that was tied up in litigation between the previous owner and a partner. An affiliate of Baton Rouge, Louisiana-based Provident, led by CEO Christopher Hicks, paid $22.5 million for the 1.3-acre assemblage at 10710, 10742 and 10752 Southwest Fifth Street…

Mount Sinai targets June move-in in Westchester

Mount Sinai Medical Center is working toward completing the first phase of its four-story, 112,000-square-foot Westchester emergency center at 8200 SW Eighth St., its second hospital in South Florida. Phase one, which costs about $150 million and includes the shell and core of the main building along with a freestanding emergency department on the ground floor, is…

Out-of-state relocations to South Florida fall to pre-pandemic levels in 2024, says new report

The number of people relocating to the Miami metro area from out-of-state has fallen to pre-pandemic levels after a Covid-era bump, but the profile of new South Florida residents has shifted more toward white-collar workers. That’s the top-line takeaway from a new report by the Miami Association of Realtors, which analyzed U.S. Census Bureau data through 2024, the…

South Florida by the numbers: Tracking the “pull” of Magic City

“South Florida by the numbers” is a web feature that catalogues the most notable, quirky and surprising real estate statistics. Last month, we examined how a proposed tax initiative helped drive high-profile California billionaires from the Golden State to Miami. But the migration story is not just about what people are leaving — it is about what they are moving…

Companies accelerate plans for electric vertical take-off aircraft in South Florida

The prospect of air taxis flying above Miami’s skyline is coming into sharper focus, as companies accelerate plans, partnerships and infrastructure for electric vertical take-off and landing (eVTOL) aircraft service in South Florida. Industry leaders and local partners are now pushing toward late 2026 through 2027 as realistic windows for initial operations, even.

Mystery solved: Mark Zuckerberg eyes $200M Indian Creek listing

More than a week after inaccurate reports surfaced that Mark Zuckerberg and Priscilla Chan were in contract on an off-market Indian Creek Island estate, it appears the couple is merely eyeing the island’s only on-market listing, a 2-acre spec estate asking $200 million. The Meta CEO and his wife are in talks regarding the under-construction mansion at 7 Indian Creek…

$90 million AI-powered recycling plant launches in Pembroke Pines (Photos)

A publicly traded waste management company has opened one of its most technologically advanced facilities in South Florida. Houston-based Waste Management (NYSE: WM) opened WM Recycling South Florida, a 127,000-square-foot facility at 1285 S.W. 208th Ave. in Pembroke Pines, last week. The $90 million plant can process up to 275,000 tons of recyclables a year…

8-Story Office Condominium ‘SQUARE Hallandale’ Announced at 400 W Hallandale Beach Boulevard

Four West Developers have announced SQUARE Hallandale, an eight-story, approximately 360,000-square-foot Class A office and retail condominium planned for 400 W Hallandale Beach Boulevard in Hallandale Beach. The $85 million project is being co-developed by Alejandro Chaberman in partnership with Asher Abadi, Arie Abadi, and Jonathan Eisenband, who formed the firm to…

Four West’s $85M office development targets buyers in Hallandale Beach

A local developer is betting on small suites to sell a Hallandale Beach office project, as the vacancy rate rises in Broward County. Four West Developers, a partnership between Alejandro Chaberman, Asher and Arie Abadi and Jonathan Eisenband, is planning an eight-story, 360,000-square-foot condo and retail development at 400 West Hallandale Beach Boulevard with an $85.

Alonzo Mourning, HTG land $47M financing for Hollywood affordable senior housing

NBA Hall of Famer Alonzo Mourning and Housing Trust Group landed a $47 million financing package for a seniors-only affordable apartment project in Hollywood. Mourning’s AM Affordable Housing and Coconut Grove-based Housing Trust Group started construction of the 96-unit Villa Jordana at 826 South Dixie Highway, according to the developers’ news release.

96-Unit ‘Villa Jordana’ Set for 2027 Completion at 826 S Dixie Highway in Hollywood

Two developers have secured nearly $77 million in financing for an affordable housing project currently undergoing construction in Hollywood. Villa Jordana is set to measure more than five stories above grade and comprise 96 units, reserved for low-income seniors aged 62 years and older. Specifically, residency would be available to those earning between 33 to 60…

Alonzo Mourning, HTG Land $32M to Build Affordable Senior Housing in Hollywood

Housing Trust Group (HTG) and former Miami Heat power forward Alonzo Mourning’s AM Affordable Housing nabbed a $32 million construction loan and $44.7 million in permanent financing for an affordable senior community in Hollywood, Fla. Called Villa Jordana, the development will house 96 units at 826 South Dixie Highway, adjacent to Washington Street, about a mile…

Jury awards $8M in shoddy construction suit over Dania Beach multifamily, but case was settled first

A jury handed down a nearly $8.7 million verdict in a shoddy construction lawsuit over a Dania Beach apartment building, though an attorney in the case said claims had already settled during the trial. A Broward County jury determined AHS Development Group and Resia Construction were negligent and violated the Florida Building Code in a seven-story development, The…

Greystar, Starwood Trade 639 Units in Delray Beach, Davie

Greystar has acquired two entities and their ownership stakes in two garden-style multifamily properties totaling 639 units in metro Miami, according to Yardi Matrix data. Starwood Capital Group sold the duo in two separate deals. The properties are the 324-unit Avana Delray Beach in Delray Beach, Fla., and Avana New River, a 315-unit community in Davie, Fla.

El-Ad National Properties Tops Off $1B District in Davie Mixed-Use Project

El-Ad National Properties has topped off construction of The District in Davie, a $1 billion mixed-use project located about 24 miles north of Miami. The topping off marks the structural completion of Phase I, including the entry promenade and service access roadways, of the 2.8 million-square-foot development. Phase I is anticipated for completion in early 2027. When…

Developer breaks ground on affordable housing in Fort Lauderdale with $31 million

Green Mills Group and its nonprofit partner broke ground on an affordable apartment complex in the Progresso Village neighborhood of Fort Lauderdale after securing more than $31 million in construction funding. The Lofts on 6th will be located on the 32,015-square-foot property at 610 N.W. Third Ave. and 221 N.W. Sixth St., replacing what was a food pantry warehouse.

‘The Lofts on 6th’ to Offer 90 Affordable Units for Seniors at 221 N.W. Sixth Street in Fort Lauderdale

Green Mills Group and its nonprofit partner, the Pantry of Broward, are working together on a multi-family housing project in Fort Lauderdale’s Progresso Village neighborhood. Construction started on the venture this past week; it’s expected to take about a year. The Lofts on 6th is set to measure eight stories above grade and feature 90 affordable housing…

Updated Renderings Released for FAT Village in Fort Lauderdale

Updated renderings have been released for FAT Village, a 5.6-acre mixed-use redevelopment in Fort Lauderdale’s Flagler Village neighborhood. The approximately $500 million project is being developed by Urban Street Development in partnership with Hines. The master plan is designed by Solomon Cordwell Buenz, with DLR Group leading the office design.

Joint Venture Formed for Broward Health Emergency Department and YMCA Wellness Center at Holiday Park in Fort Lauderdale

Construction is set to begin on a new health, wellness, and recreation complex at 844 North Federal Highway in Fort Lauderdale, as Gulf Building and ANF announce a joint venture partnership for the development at Holiday Park. The project will include a 48,000-square-foot YMCA Wellness Center and a 12,500-square-foot free-standing emergency department operated by…

Ritz-Carlton Condo Towers Unveiled in Fort Lauderdale

Mumbai-based MICL Group and Admire Capital have unveiled plans for a 13-story, dual-tower luxury condominium project with 83 residences in Fort Lauderdale, Fla. Douglas Elliman Development Marketing will lead sales and marketing efforts for the waterfront development. Prices will start at $2.5 million. Garcia Stromberg is the architect of record, while Dan Fink Studio.

300-Unit Mixed-Use Tower Proposed at 3200 North University Drive in Coral Springs

A proposal has been submitted to the City of Coral Springs for 32 Hundred, an 11-story, 127-foot-tall mixed-use development planned for 3200 North University Drive in Downtown Coral Springs. The project is being developed by Cade Capital Partners and designed by Behar Font Architects. The tower would introduce 300 residential units and ground-floor commercial space…

Aimco Sells Plantation Apartment Complex For $69M

Denver-based Apartment Investment and Management Co. sold off a 372-unit apartment complex in Plantation for $69M. Harbor Group International purchased the property and assumed the mortgage with Fannie Mae in its original principal amount of $60M, originated from JLL Real Estate Capital, according to property records provided by Vizzda. Plantation Gardens…

W Pompano Beach Hotel & Residences Unveils Nine Bespoke Beachfront Penthouses for 24-Story Development

Related Group and BH Group have unveiled a collection of nine penthouses at the forthcoming W Pompano Beach Hotel & Residences, a 24-story condo-hotel spanning four acres of prime beachfront property in Pompano Beach, Florida. Developed in partnership with Marriott International, the project represents one of the first co-located W Hotel & Residences in the…

Boca Raton office/retail portfolio sells for $93 million

A portfolio of three office/retail properties west of Boca Raton were sold for a combined $92.75 million, and an adjoining restaurant outparcel also changed hands. The sellers were all affiliates of Weston-based Titan General Partners, led by James Caprio. RARE CRE, led by Nelson Garcia, brokered the deals. He said the portfolio was about 90% occupied. The buyer of…

James Batmasian’s scaled-back Royal Palm Plaza Hotel project in Boca Raton moves ahead

Developer James Batmasian’s plans to scale back his proposed Royal Palm Place Hotel project won approval from Boca Raton’s Planning and Zoning Board Thursday. The proposed 12-story hotel at 200 South Federal Highway, 75 Southeast Third Street, and 194 Southeast First Avenue will have seven fewer hotel rooms and 682 fewer parking spaces than what the city approved…

NJ firm pays $17 million for Delray Beach industrial – 2nd S. Fla. deal of 2026

An affiliate of Hoboken, New Jersey-based Faropoint Ventures acquired Gulfstream Commercial Center in Delray Beach for $17.21 million, its second industrial acquisition in South Florida so far this year. DDD 1205 Inc., managed by Tom Heller of Lighthouse Point-based Heller USA Industrial & Commercial Real Estate, sold the 59,157-square-foot warehouse at 1205 S.W.

Construction Starts on ‘All Seasons Delray’ Senior Living Facility at 15650 Lyons Road in Delray Beach

Construction has started on a senior living facility west of Delray Beach. All Seasons Delray is set to comprise 153 units: 92 independent living units and 61 assisted living units. Layout plans will be a mix of one-bedroom and two-bedroom residences. The garden-style community will feature a host of on-site amenities; indoor offerings will include a library, game…

Developer Submits Rezoning Approval for ‘Lake Worth West Apartments’ at 4650 S Military Trail in Greenacres

Developer OAG Investment 8 LLC has filed plans for a multi-family housing development in Palm Beach County. The mid-rise Lake Worth West Apartments would feature 181 homes, with layouts including one-bedroom and two-bedroom models. Ricardo Hernandez of OAG told the South Florida Business Journal that the building would be “an efficient, modern design [with] a…

Hospital giant plans major redevelopment in West Palm Beach

Hospital giant Tenet Healthcare Corp. (NYSE: THC) announced that it would partner with local developer Easton Street Capital to build a new Good Samaritan Medical Center on its existing campus in West Palm Beach to set up a mixed-use development. The full scope of the project has yet to be revealed, but Palm Beach Health Network, the South Florida division of Tenet…

Related Ross launches mixed-income push with West Palm project

Billionaire Steve Ross is taking it back to his affordable housing roots as his firm launched a mixed-income multifamily division starting with a 164-unit project for downtown West Palm Beach. Related Ross is planning Sapodilla, a seven-story, 120,000-square-foot complex that will also feature a three-story parking garage at the southwest corner of Sapodilla Avenue…

Related Ross lands $157M construction loan for more West Palm Beach condos

Related Ross scored a $157 million construction loan for Shorecrest, his second condo project in West Palm Beach. The firm, headed by billionaire Steve Ross, landed the loan from Steven Tananbaum’s GoldenTree Asset Management, which also contributed to the $600 million construction financing for Ross’ other West Palm Beach condo project, South Flagler House.

Related Group and BH Group Break Ground on The Ritz-Carlton Residences in West Palm Beach

Ground has been broken on The Ritz-Carlton Residences, West Palm Beach, a 27-story luxury condominium tower at 1717 North Flagler Drive in the North Flagler District, developed by Related Group and BH Group in partnership with Marriott International. This waterfront project is the first Ritz-Carlton-branded residential development in West Palm Beach and is more than…

Related Ross Proposes Two-Building Development at 209 N. Sapodilla Avenue in West Palm Beach

Related Ross is moving forward with a multi-family housing project in West Palm Beach. The unnamed venture would comprise two mid-rise structures: a seven-story residential building and a three-story parking garage. The residential building would feature 164 affordable housing units, ranging from one-bedroom to three-bedroom floorplans. The average home would…

$157 Million Construction Loan Secured for Shorecrest at 1865 North Flagler Drive in West Palm Beach

Related Ross has closed on a $157 million construction loan for Shorecrest, a 28-story waterfront condominium tower planned for 1865 North Flagler Drive in West Palm Beach. Construction financing was provided by GoldenTree Asset Management. With the loan secured, demolition and site preparation are set to commence, with vertical construction anticipated to follow.

Stephen Ross Lands $157M to Build Yet Another Luxe Condo in West Palm

Billionaire developer Stephen Ross has landed yet another construction loan in West Palm Beach, Fla. Steve Tananbaum’s GoldenTree Asset Management provided a $157 million loan to Ross’s firm, Related Ross, to build a waterfront luxury condo development. Called Shorecrest, the 28-story tower will include 98 units at 1865 North Flagler Drive, about a mile and a half…

Palm Beach County coworking space surges

The footprint of coworking spaces in Palm Beach and Broward counties surged last year, a new study shows. West Palm Beach-Boca Raton led the way, with flex offices growing by nearly 23%, year over year, to end 2025 at 1.19 million square feet, according to CoworkingCafe’s latest market report. Fort Lauderdale also posted double-digit growth, with a coworking…

New York firm pays $81 million for 5-property portfolio of nursing homes in Palm Beach County

An affiliate of health care real estate firm Welltower (NYSE: WELL) sold a portfolio of five nursing homes in Palm Beach County for a combined $81.08 million. According to property data firm Vizzda, the buyers were all affiliated with Excelsior Care Group, a nursing home operator based in Brooklyn, New York. Toledo, Ohio-based Welltower provided $160 million in seller…

Turnberry dangles $100K fee for Singer Island high-rise condo project

Turnberry won initial approval in a Riviera Beach zoning case Wednesday that could make it easier for developers to construct bulkier buildings on the Singer Island waterfront. The Aventura-based developer is planning a 200-foot-tall building with 52 condo units atop a 121-space parking pedestal on a narrow 3.3-acre lot at 3930 North Ocean Drive. The development firm…

Demand for Newer Industrial Assets Hits Multiyear High

Demand for newer, large-format industrial properties is surging, driven by corporate occupiers and third-party logistics providers (3PLs), according to Cushman & Wakefield’s latest large-format industrial report. Net absorption in the second half of 2025 was led by warehouses and logistics facilities delivered since 2020, marking the strongest activity in more than a…

How the SCOTUS Tariff Decision Could Impact Industrial CRE

The Supreme Court’s recent decision to strike down many of the Trump administration’s tariffs has thrown another wrench into the planning of business leaders, who for months have been dealing with lingering uncertainty over the duties. Leaders in the industrial sector have, for the most part, been carrying on with business as usual. While it’s too early to…

‘We’re Going To Get Crushed’: Florida Property Tax Repeal Threatens Towns That Blocked Development

Municipalities on the south side of Miami-Dade County are known for their single-family-home-dominated neighborhoods and public schools, a contrast to the multifamily, office and hotel high-rises of Miami’s downtowns that their leaders have long viewed as a strength. But the bedroom communities are especially vulnerable if the state legislature passes a plan…

Ridership and revenue is growing for Brightline, but financial worries persist

South Florida riders are returning to Brightline, but they’re paying less for their tickets. The private passenger train service that runs between Miami and Orlando has been racing to raise revenue as it struggles to make its debt payments. Ridership between stations in South Florida jumped 25% in January compared to a year ago. Coupled with a lower average fare…

U.S. Apartment Concessions Show No Reprieve in January

U.S. apartment concession activity climbed in January 2026, reversing course from December 2025’s modest dip. Nationwide, 16.6% of stabilized apartments offered concessions in January, according to data from RealPage Market Analytics. That was a full point above December’s rate and marks the highest monthly usage since mid-2014. The average January discount of…

Data center expansion reaches an ‘inflection point’

Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC delivered to your inbox Get this delivered to your inbox, and more info about our products and services. © 2026 Versant Media, LLC. All Rights Reserved. A Versant Media Company. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business…

Brightline’s Florida Ridership Falls Short, Adding Stress to $2.2B Debt Stack

Private train service Brightline has fallen far short of its projections in Florida to ferry 6.6 million passengers a year between Miami and Orlando, a level of ridership that would have generated $697 million in annual revenue. Instead, in 2025, its second full year of service to Central Florida, Brightline carried just 3.1 million passengers and took in $214…

Video: Real Estate & Economic Outlook with BGO Chief Economist Ryan Severino

Understanding the Current Landscape and Future Trajectory of Commercial Real Estate In an illuminating discussion on America’s Commercial Real Estate Show, the show’s host, alongside Ryan Severino, Chief Economist with BGO, delved into the complexities and future trends of the commercial real estate market. This conversation provided valuable insights into…

Palantir moves HQ to Miami from Denver, boosting Magic City’s AI industry

Palantir Technologies is ditching Colorado ahead of state regulations targeting the use of artificial intelligence and following protests against the company in Denver. It’s new digs? Business-friendly Miami. The publicly traded AI software firm, led by Alex Karp, said in a brief X post on Tuesday that it moved its headquarters from Denver to Miami, the Denver Post…

Miami hotel refi boosts MG Developer’s multifamily project as it diversifies

Arilio Torrealba’s MG Developer wants to build apartments around its hotel near the Miami International Airport just as South Florida’s multifamily sector is cooling off. Coral Gables-based MG plans to turn the 3.8-acre site of the Regency Miami Airport by Sonesta, at 1000 Northwest 42nd Avenue, into a mixed-use development. Miami’s Urban Development Review…

Avalon Bay, MG Developer bet on Miami apartment market to balance out

As South Florida’s multifamily market slows, AvalonBay Communities and MG Developer are proposing 374 apartments in separate Miami projects. Arlington, Virginia-based AvalonBay wants to develop an eight-story, 166-unit building on a 1.6-acre site on the southwest corner of Southwest 23rd Street and Southwest 32nd Avenue, according to its application to the Miami…

Graham pitches apartments for Miami Lakes site of fizzled “senior village”

Graham Companies pitched plans for a 541-unit apartment complex in Miami Lakes, in a proposal that hasn’t received full-throated endorsement from locals. The family firm, which developed Miami Lakes and is a major landlord in the town, wants to build the complex on a site previously slated for a “senior village” and an assisted living facility. The 22.2-acre…

Is Mark Zuckerberg Set to Become Miami’s Latest Billionaire?

Is South Florida becoming the new Silicon Valley (or would Silicone Valley be more fitting)? Body modification jokes aside, South Florida seems to be attracting more billionaires by the day, so centi-billionaire Facebook founder Mark Zuckerberg heading to the 305 likely won’t shock many. According to reporting from the Wall Street Journal, Zuckerberg is the…

Palantir Technologies Moves Headquarters to Miami

Ministry of Foreign Affairs / Phil Nijhuis via Flickr Palantir Technologies has moved to Miami. The data analytics giant announced the relocation in a brief post on X (formerly Twitter) early Tuesday, February 17. The move comes six years after Palantir shifted its headquarters from Silicon Valley to downtown Denver in 2020. Palantir and its chairman, billionaire…

Miami-Dade Mayor Daniella Levine Cava rallies supporters for urban boundary veto

In her effort to stop a heavy equipment operator from building new headquarters on wetlands outside Miami-Dade County’s urban development boundary, Mayor Daniella Levine Cava on Tuesday urged county commissioners to consider the toll on county resources. ”The wetlands are not obstacles to development. They are infrastructure. They filter our water. They recharge…

Modern Mexican restaurant set for Miami, speakeasy opens in Broward and NYC-founded cafe to expand in Palm Beach County (Photos)

The Mexican, a contemporary Mexican restaurant from Dallas, will open a waterfront restaurant in April 2026 in Miami’s Brickell Key neighborhood. Set for 601 Brickell Key Drive, Suite 100, the more than 10,000-square-foot venue will accommodate more than 330 guests across indoor and outdoor dining areas. The Miami location marks the second outpost for the concept…

Global hospitality firm moves headquarters to Miami

The investment firm behind The Diplomat Beach Resort in Hollywood has relocated its global headquarters to Miami as it continues deploying capital into hotels worldwide. Trinity Investments announced Feb. 17 that it moved its headquarters to The Canopy Offices in Coconut Grove, 2982 Grand Ave., leasing more than 5,000 square feet for its primary executive base.

Nitin Motwani on bringing the $6 billion Miami Worldcenter to life

Miami Worldcenter has become a fixture on the north side of downtown Miami with its shops, restaurants, apartments and hotels, but this $6 billion project took a long time coming. Nitin Motwani spent nearly two decades working on this 27-acre mega project. For years, the walk between the bayside arena and the parking lots of Overtown/Park West was a bit harrowing, but…

Palantir: Big tech firm with ICE contracts says it has moved to Miami

A major data analytics and artificial intelligence company that has provided its technology to ICE says it has come to Miami. Palantir Technologies shared a simple social media post Tuesday morning, stating “We have moved our headquarters to Miami.” It added “Florida” just in case there was any confusion. With a market valuation of more than $300 billion…

New development breaks ground in Allapattah as Miami advances first Live Local Act housing projects

With shovels in hand, city and county officials pressed their spades into the sandy soil of Allapattah on Friday afternoon, marking the start of construction for a mixed-income workforce and affordable housing community rising just west of downtown Miami. The project is among the first in the city to move into construction under Florida’s Live Local Act since the…

Podium Construction Tops Out at JEM Private Residences in Miami Worldcenter

Podium construction has topped out at JEM Private Residences, the 67-story condominium tower under development by Naftali Group at 1016 NE 2nd Avenue in Downtown Miami. The milestone marks the completion of the building’s 11th floor within Miami Worldcenter and signals the transition to full vertical construction of the residential tower above.

Palantir Moves HQ From Denver to Miami

Palantir Technologies has moved its headquarters from Denver to Miami, marking the latest major tech company to decamp south to Florida since the pandemic.  Filings to the U.S. Securities and Exchange Commission suggest the data analytics giant is now based out of Industrious’ coworking location within the mixed-use Aventura at The Abbey development, next door to…

Kempinski Group Unveils First U.S. Branded Residential Project at 3801 and 3883 Biscayne Boulevard in Miami

Kempinski Group has unveiled Kempinski Residences Miami Design District, its first branded residential project in the United States. The two-tower development is planned for 3801 and 3883 Biscayne Boulevard at the gateway to the Miami Design District. The project is being developed by DaGrosa Capital Development Partners, with architecture by Arquitectonica, interiors…

‘The Nexus Leah’ Planned for 2028 Completion at 1140 E 25th Street in Miami

Miami-based 1140 East Owner LLC has secured a $43.3 million construction loan for an affordable apartment complex in Hialeah. The Nexus Leah is set to measure eight stories above grade and comprise 189 apartments. Communal amenities would include a swimming pool, co-working space, fitness center, and children’s playground. While our sources don’t outline…

Miami Beach Adopts Major Deregulatory Policy to Attract Restaurants and Live Entertainment

The Miami Beach City Commission has unanimously approved a sweeping temporary deregulatory ordinance designed to accelerate the opening of qualifying restaurants and indoor live entertainment venues across several of the city’s primary commercial corridors, including Lincoln Road. The policy removes the requirement for conditional use permits in designated districts…

AvalonBay Communities Files Plans for 111-Foot-Tall ‘Kanso Coral Way’ at 2340 SW 32nd Avenue in Miami

A new multifamily development has been proposed for 2340 SW 32nd Avenue in Miami, where AvalonBay Communities has submitted plans for Kanso Coral Way, an eight-story apartment building designed by Baker Barrios Architects. The proposal is set for review by the City of Miami Urban Development Review Board on February 18, 2026.

Non-Profit Seeks Low-Interest Loan for Townhome Development at 6600 NW 27th Avenue in Miami

Miami-based nonprofit BAC Funding Corp. hopes to get approval for an affordable townhome development. The Unity Plaza project would comprise 29 residences, each a three-bedroom, 1,500-square-foot layout plan. Residency would be reserved for households earning up to 120 percent of the area median income, meaning a four-person household could earn no more than…

MG Developer Secures $23 Million Refinancing for Regency Miami Airport by Sonesta at 1000 NW 42nd Avenue

MG Developer has closed a $23 million refinancing loan for the five-story, 176-key Regency Miami Airport by Sonesta, located at 1000 NW 42nd Avenue in Miami. The loan was secured through Interaudi Bank, a New York-based financial institution active in commercial real estate lending nationwide. According to the developer, the refinancing restructures the hotel’s…

Ricardo Dunin launches House of Wellness-branded Brickell condos

Ricardo Dunin is launching House of Wellness-branded condos in Brickell, his latest addition to the thousands of units he has planned in the neighborhood. North Development, the joint venture between Dunin’s Oak Capital and Juan Carlos Tassara’s Edifica, kicked off sales for the 34-story, 656-unit condominium planned at 152 Southwest 9th Street, according to a…

Wynwood Freebees will link to downtown and Brickell

The Wynwood Business Improvement District (BID) is expanding its Freebee electric ride service to include Edgewater and Midtown. The expansion includes a new connection to Miami’s Metromover at the 15th Street station, providing a free, convenient option for people traveling from Downtown and Brickell to reach Wynwood without a car. By creating new, free ways to…

North Development Announces 34-Story House of Wellness Brickell at 152 SW 9th Street

North Development has announced House of Wellness Brickell, a 34-story condominium tower planned for 152 SW 9th Street in Brickell. The project marks the developer’s House of Wellness brand’s debut and is entering its pre-construction phase as sales begin. Architecture is led by Studio MC+G Architecture, with interior design by Urban Robot Associates. The building…

Cracks in the veneer? OKO accused of shoddy work in Missoni Baia-branded condo in Edgewater

Another branded Miami condominium is at the center of buyers’ ire. The condo association for Missoni Baia in Edgewater is suing billionaire developer Vlad Doronin’s Miami-based OKO Group and nearly two dozen firms that built the 60-story tower. The Jan. 30 complaint, filed in Miami-Dade Circuit Court, alleges the condo association discovered construction defects…

El Portal residents to Adam Neumann: “You punched us in the face”

Adam Neumann is fast becoming persona non-grata in El Portal, the small village in northeast Miami-Dade County where he wants to erase an old church to make way for his wife’s private school. At a town hall Thursday, a procession of village residents bashed Neumann, who was not in attendance, and two owner representatives for SOLFL School, who hosted the event. Four…

WD Capital Group Arranges $7.6 Million Refinance for Bella Residences at 225 179th Drive in Sunny Isles Beach

A $7.6 million refinance credit facility has been arranged for Bella Residences, a 23,000-square-foot boutique residential property located at 225 179th Drive in Sunny Isles Beach, Florida. WD Capital Group advised the borrower, Circle Capital Partners, on the transaction and placed the senior loan financing with W Financial. The transaction was led by Emile…

The Delmore Unveils Interior Designs by HBA Residential at 8777 Collins Avenue in Surfside

New interior details and renderings have been revealed for The Delmore, a 12-story ultra-luxury oceanfront condominium rising in Surfside. The project is being developed by East Oceanside Development, a subsidiary of DAMAC International, with architecture by Zaha Hadid Architects and interiors by HBA Residential, the specialist residential arm of Hirsch Bedner…

Seventeen Gables Condominium Secures $60 Million Construction Loan, Set for Immediate Construction at 1715 Douglas Road in Coral Gables

A $60 million construction loan has been secured for Seventeen Gables, a 117-unit condominium development at 1715 Douglas Road in Coral Gables. The project is being developed by BAM Development and Ascendra Capital, with financing provided by Dwight Mortgage Trust. The loan was originated by David Scheer and Alex Izso of Dwight Capital and arranged by Isaac Filler…

Train stop apartment project scores $43M construction loan in busy Hialeah

A development firm scored a $43.3 million construction loan for an apartment project near the Metrorail and Tri-Rail transfer station in Hialeah. The deal comes amid a multifamily construction boom in Hialeah and near transit stops across South Florida. At the same time, an apartment supply overhang in the tri-county region has slowed leaseups. Development Alliance…

Retail, office development lands $70M loan in shopping hotspot Aventura

A local developer landed a $70 million construction loan for a retail and office development in Aventura amid a hot commercial leasing market and a slow development pipeline. Miami-based Ocean Bank provided the financing to Centtral Aventura LLC, managed by Jacobo Cababie Dichi of Aventura, the South Florida Business Journal reported. The 1.55-acre project site at…

$70 Million Loan Secured for 9-Story Central Aventura Development at Biscayne Boulevard and NE 209th Street

Ocean Bank has provided a $70 million construction loan to Central Aventura LLC for a planned 9-story mixed-use commercial building at the northeast corner of Biscayne Boulevard and Northeast 209th Street in Aventura. The project, known as Central Aventura, will rise on a 1.6-acre site and is slated to include the city’s first multi-story digital billboard screen…

Ocean Bank Provides $70M Construction Loan for Mixed-Use Building in Aventura

Ocean Bank has provided a $70 million construction loan for Central Aventura, a nine-story mixed-use building located at the corner of Biscayne Boulevard and 209th Street in the Miami suburb of Aventura. Jesus Garcia of Ocean Bank originated the loan on behalf of the borrower, an entity doing business as Central Aventura LLC that is led by Jacobo Cababie Dichi.

Ocean Bank Provides $70M Construction Loan for Aventura Mixed-Use Dev

The Cababie family of Mexican real estate firm Grupo Gicsa nabbed a $70 million construction loan to build a mixed-used building along Biscayne Boulevard in Aventura, Fla., property records show. Ocean Bank provided the financing, which covers a 1.5-acre site at 20955 Biscayne Boulevard, adjacent to Northeast 209th Street, about a mile north of the Aventura Mall. The…

Companies accelerate plans for electric vertical take-off aircraft in South Florida

The prospect of air taxis flying above Miami’s skyline is coming into sharper focus, as companies accelerate plans, partnerships and infrastructure for electric vertical take-off and landing (eVTOL) aircraft service in South Florida. Industry leaders and local partners are now pushing toward late 2026 through 2027 as realistic windows for initial operations, even…

Four West’s $85M office development targets buyers in Hallandale Beach

A local developer is betting on small suites to sell a Hallandale Beach office project, as the vacancy rate rises in Broward County. Four West Developers, a partnership between Alejandro Chaberman, Asher and Arie Abadi and Jonathan Eisenband, is planning an eight-story, 360,000-square-foot condo and retail development at 400 West Hallandale Beach Boulevard with an $85…

After layoffs, Dania Beach distribution facility sells for $16 million

Nearly a year after the employees there were laid off, a distribution center in Dania Beach was sold for $16 million. Stephens Broward Properties LLC, managed by Edward T. Stephens, sold the 72,461-square-foot warehouse at 5650 Anglers Ave. to Sunwise Holdings LLC, managed by David Weiss in Brooklyn. The price equated to $221 per square foot. Get started today with a…

The District in Davie Tops Out Phase One at 4803 South State Road 7 in Davie

Construction has topped off on phase one of The District in Davie at 4803 South State Road 7 in Davie, Florida, marking the placement of the final structural beam and completion of the phase’s primary framework. The $1 billion, 2.8 million square foot mixed-use development is being developed by El-Ad National Properties and designed by Cooper Carry. Promethean…

Ritz-Carlton Condo Towers Unveiled in Fort Lauderdale

Mumbai-based MICL Group and Admire Capital have unveiled plans for a 13-story, dual-tower luxury condominium project with 83 residences in Fort Lauderdale, Fla. Douglas Elliman Development Marketing will lead sales and marketing efforts for the waterfront development. Prices will start at $2.5 million. Garcia Stromberg is the architect of record, while Dan Fink Studio…

‘2620 Residences’ to Offer 525 Apartments at 2620 East Sunrise Boulevard in Fort Lauderdale

Insite Group, the developer behind The Galleria at Fort Lauderdale, is moving forward with two affordable housing projects that would deliver more than 1,000 residences to the region upon completion. Here’s what’s in store. 2620 Residences is set to measure 27 stories above grade and comprise 525 residences: 310 market-rate apartments and 215 workforce housing…

The Ritz-Carlton Residences, Fort Lauderdale Beach Announced at 551 Bayshore Drive

MICL and Admire Capital have announced The Ritz-Carlton Residences, Fort Lauderdale Beach, a 13-story dual-tower waterfront residential development planned for 551 Bayshore Drive in Fort Lauderdale. Designed by Garcia Stromberg with interiors by Dan Fink Studio, the boutique project will comprise 83 private residences positioned between the Atlantic Ocean and the…

Developer Proposes Mixed-use Project for Shoppes at Wilton Manors at 2200 Wilton Drive in Wilton Manors

Developer Wilton Manors Property Owner LLC, a partnership between Stiles Corp. and Timothy L. Hernandez, intends to move forward with a mixed-use residential project in Wilton Manors. The project involves revamping part of the 78,600-square-foot Shoppes at Wilton Manors with an 82-unit residential development. Minutes from the City of Wilton Manors report that the…

Former Sonder resort faces $26M foreclosure in Hillsboro Beach

A South Florida resort once operated by collapsed short-term rental startup Sonder was hit with a $26 million foreclosure lawsuit this month. An entity of Emerald Creek Capital last week sued the Hillsboro Beach Resort’s ownership entities, which are controlled by Daniel Lebensohn and Gregory Freedman of Fort Lauderdale-based BH3 Management, the South Florida…

BH3 Founders Face $26M Foreclosure Over Hillsboro Beach Oceanfront Resort

Daniel Lebensohn, Gregory Freedman and affiliates tied to the real estate firm they cofounded, BH3 Management, are facing foreclosure after defaulting on a $26 million loan attached to an oceanfront resort in Hillsboro Beach, Fla. Emerald Creek Capital filed the suit in Florida’s 17th Judicial Circuit last week, alleging the developers first defaulted two years…

Tri-Rail’s Long-Awaited Transit-Oriented Development Breaks Ground in Boca Raton

Since Tri-Rail opened its Boca Raton, Fla., station in 2005, the rail line’s officials have talked about a transit-oriented development that would let residents and workers walk to the commuter rail service.  Nearly 21 years later, such a project has finally broken ground. 13th Floor Investments, a Miami-based developer, and Rockpoint, a Boston-based real estate…

CRA assembles one of Boynton Beach’s largest redevelopment sites after $8 million land buy

Boynton Beach officials have given the green light to a multimillion-dollar purchase of properties for redevelopment along a major artery in the coastal city. At a meeting Tuesday, members of the city’s Community Redevelopment Agency approved two agreements to acquire a total of 14 parcels along Boynton Beach Boulevard for a combined $7.85 million. In the first…

The reluctant builder? Inside Jeff Greene’s stalled West Palm Beach projects

Before the pandemic, generational wealth migration and the seemingly endless stream of headlines about Steve Ross transforming West Palm Beach, there was Jeff Greene. He saw a diamond in the rough more than a decade ago. “Sitting in my private plane at the airport, it struck me that there were 300 to 400 other private jets there,” he told The Real Deal in a 2016…

Cabot Properties Buys Three West Palm Beach Warehouses

Cabot Properties purchased three industrial buildings in West Palm Beach, Fla., totaling 450,505 square feet, from Dalfen Industrial.  The Boston-based investment firm paid $79.6 million for Turnpike Logistics Center, a two-building campus that faces the Florida Turnpike, about four miles west of Palm Beach International Airport, property records show. The larger…

Dalfen notches 30% gain in Palm Beach County industrial sale as market rebounds

Dalfen Industrial cashed out of a Palm Beach County warehouse complex for $79.6 million, marking a 31.4 percent gain from its 2021 price as the market rebounds. An entity tied to Dallas-based Dalfen Industrial and Goldman Sachs sold the Turnpike Logistics Center at 1673 and 1715 Meathe Drive in an unincorporated area of the county to Boston-based Cabot, according to…

Related Ross community on former Palm Beach County farmland gets green light

Related Ross won approvals for a master-planned development on publicly owned former farmland in Wellington. The Palm Beach County inland village’s council voted unanimously in favor Tuesday of a 71-acre development with retail, multifamily, a hotel, offices and a school. The master plan and zoning changes will allow the developer, controlled by billionaire Steve…

Related Urban pushed to add workforce housing in Riviera Beach

Related Urban, BH Group and Tezral Partners won initial approval to build an apartment complex with two 20-story towers on city-owned land in Riviera Beach. The 418-unit project at Marina Village was given the green light from the village’s planning and zoning board Thursday, but its members recommended adding workforce housing to the mix. The project, called…

Data Center Expansions Push the Sector Into New Territory

As AI demand, hyperscaler expansion and electrical grid limitations shape the explosive recent growth of data centers, these forces are relocating the front lines of the industry’s expansion, according to JLL’s North American data center report for the year-end 2025, released today. “Texas is positioned to overtake Virginia as the world’s largest data center…

Live Local and ED-1: How Does Policy Drive Development?

In the quest to solve the housing crisis, municipalities and states across the country are charting different paths to increasing access to affordable and workforce-oriented housing. From tax breaks to regulatory shortcuts, there are many different approaches to breaking down barriers to construction. On opposite sides of the U.S., two policies in particular have…

Resident Longevity Is The Hottest New Luxury Amenity

Fitness centers and spas have long been standard in any luxury amenity package, but buildings catering to the ultra-wealthy are taking wellness to a new level with a focus on helping residents live longer. Biohacking has become an essential part of the development process, focusing less on just relieving stress and more on increasing lifespans, developers and…

Will a ‘Trump slump’ continue to hit US tourism in 2026 − and even keep World Cup fans away?

This article is republished from The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Frédéric Dimanche is a professor and former director of the Ted Rogers School of Hospitality and Tourism Management at Toronto Metropolitan University and Kelley A. McClinchey is teaching faculty of Geography and…

Apartment Transactions Trend Up for Third Consecutive Quarter

U.S. apartment transactions continued to rise during the October to December 2025 time frame. Both the number of properties traded and the dollar volume of transactions have been trending up for the past three quarters. Roughly 1,910 apartment properties changed hands at a value of $60 billion during 4th quarter 2025, according to MSCI Real Capital Analytics. Overall…

Recovery Spreading to Additional U.S. Office Markets

The U.S. office market ended 2025 with renewed momentum and increased activity in more markets. This is expected to continue into 2026 as companies across all industries have settled into post-pandemic operations. Leasing and investment decisions in 2026 will be hyper-focused on the local market, with greater evaluation and understanding of the driving fundamentals…

The Office Market Is as K-Shaped as the US Economy

We’ve seen upper-income consumers power consumption growth over the past year even as middle-income and working-class households become more restrained. The message from the office market is starting to sound similar. 2026 is the year that owners of office buildings and developers shift from a recovery mindset to one of expansion. But there’s a catch: This only…

Trump May Ease Metal Tariffs, Offering CRE a Breather on Build Costs

President Donald Trump is preparing to scale back some tariffs on steel and aluminum goods, three people familiar with the matter have told The Financial Times. For commercial real estate owners, developers and lenders, the move introduces a potential turning point in materials pricing and project feasibility across multiple asset types, especially metal‑intensive…

Video: Emerging New Real Estate Cycle with Clarion Partners Managing Director & President Josh Pristaw

In the ever-shifting realm of commercial real estate, industry leaders continuously adapt to market changes, economic cycles, and emerging trends. The recent conversation between the Commercial Real Estate Show’s host and Josh Pristaw, Managing Director and President of Clarion Partners, provided a comprehensive overview of the sector’s current status and future…

Miami Beach Building Exempted From Hotel Restriction Hits The Market

A nearly century-old apartment building in Miami Beach’s Art Deco Historict District is now up for sale — and prospective buyers could benefit from its status as one of the few exceptions to a new law aimed at curbing hotel development in the area. Melvyn Schlesser tapped CBRE to seek offers on The Alamac, a seven-story, 45-unit apartment building at 1300…

Miami Investment Sales Jump 35% As Investors Return From The Sidelines

After a quiet couple of years, investors have started to trickle back into Miami’s commercial real estate scene, with sales activity reaching its highest level since 2022. There were $9B of commercial real estate transactions in 2025 — a nearly 35% increase over 2024, when just $6.8B of sales were recorded, according to an Avison Young report. With more…

New York developers to break ground on Miami condo with $60 million loan

BAM Development and Ascendra Capital will soon break ground on a condo project in Miami after obtaining a $60 million construction loan. Dwight Mortgage Trust, part of Dwight Capital in St. Petersburg, provided the mortgage to 1715 Property LLC, an affiliate of the two New York-based developers. It covers the 37,660-square-foot site at 1715 S.W. 37th Ave./Douglas Road.

Firm of Miami Heat co-owner sells Miami-Dade retail center for $16M

An affiliate of RK Centers, led by Miami Heat minority owner Raanan Katz, sold a North Miami retail plaza for $15.76 million to an investor who owns a neighboring property. RK Sans Souci Plaza LLC, part of Sunny Isles Beach-based RK Centers, sold the 31,835-square-foot retail center at 2178 N.E. 123rd St. to Sans Souci 54 LLC, led by Sebastian Guejman in Aventura.

South Miami approves student housing project near University of Miami

South Miami officials approved a private student housing development a short distance from the University of Miami. The City Commission approved the SoMi Walk student housing project by Miami-based Alta Development, led by Henry Pino, and Birmingham, Alabama-based student housing developer Capstone Collegiate Communities on Feb. 3. The developers have the one-acre…

Vote on Jeffrey Soffer’s Fontainebleau Miami Beach pool upgrades delayed again

Facing a tidal wave of resident opposition, representatives for billionaire Jeffrey Soffer’s Fontainebleau Miami Beach delayed a crucial vote on his plan to renovate the iconic waterfront resort’s pool amenities. The Miami Beach Historic Preservation Board was scheduled Tuesday to approve or deny Fontainebleau Miami Beach’s application to add cabanas and…

Miami amped up affordable development as Broward, Palm Beach fall short

As South Florida’s decadeslong housing affordability crisis surged in the past few years, developers in Miami took note –– unlike those in Fort Lauderdale and West Palm Beach. In Miami-Dade County, 8,690 affordable units were completed from 2020 through 2024, according to RentCafe, a Yardi Systems-owned apartment listing and research platform. That marks a 97…

Mark Zuckerberg, Priscilla Chan follow ultra-wealthy flight to Florida – to move to Miami

It looks like Mark Zuckerberg and Priscilla Chan are joining billionaire tech power couple Jeff Bezos and Lauren Sanchez on Indian Creek Island. The Meta CEO and his wife are in contract to buy 2 Indian Creek Island Road from Peter Cancro, the founder of Jersey Mike’s Subs, the Wall Street Journal reported. The deal is off-market and it is unclear whether brokers…

Acre agrees to public parking, $1M mitigation payment as Legion Park apartments in Miami move forward

Acre won approval for an apartment complex adjacent to a 48-acre waterfront park in Miami, agreeing to create public parking and offering a $1 million mitigation payment to the office of a Miami City Commission member. The 337-unit project, called Adela II, would rise at 645 Northeast 64th Street, just south of Legion Park and west of Acre’s 236-unit Adela at MiMo…

Michael Simkins, Torose snag whopping discount for Lincoln Road retail building in Miami Beach

Michael Simkins and Scott Sherman’s Torose Equities picked up a Lincoln Road building in Miami Beach at a bargain price as the pedestrian-only retail street experiences a revival. An entity managed by Simkins, a Miami Beach-based investor, and Miami-based Torose paid $11.7 million for a one-story building at 716-720 Lincoln Road, records and real estate database…

Zuckerberg Set to Join California Billionaires With Miami Home

Billionaire Meta Platforms Inc. founder Mark Zuckerberg is planning to buy a property in the Miami area, according to a person familiar with the matter, joining a roster of ultra-wealthy individuals expanding their footprints in South Florida. Zuckerberg and his wife, Priscilla Chan, are looking at purchasing a property on Indian Creek, a man-made island in Biscayne…

Homebuilding Suppliers Flood Miami With Industrial Space For Sublease

Businesses that sell doors, windows and other building materials have suddenly found themselves with too much warehouse space amid a slowdown in home construction. The amount of Miami industrial space listed by companies for sublease jumped by nearly 22% from September to December, reaching 3.4M SF, according to a Newmark fourth-quarter industrial report. The…

Developer Resubmits Plans for 22.2-Acre Site at 14610 Oak Lane in Miami Lakes

Developer Graham Cos. has presented new plans for an apartment complex in Miami Lakes. Previously, in September 2024, the firm wanted to proceed with the Lakeside apartments – and before that, hoped to collaborate on a senior living venture with Miami Jewish Health. Yet, those plans never came to fruition. Revised plans call for a 541-unit apartment complex that…

Deal to run Miami Marine Stadium sails to city

A Miami Marine Stadium management deal is back before city officials, with a five-year contract proposed for Global Spectrum L.P. and a possible August referendum asking voters to approve a 40-year term, giving the city 93% of event profits and $10 million for restoration. Miami commissioners today (2/12) are to discuss two related items: a five-year agreement with…

New Miami Beach water taxi service makes big splash that could spread

Miami Beach aims to expand the free water taxi it launched last month, adding pickup and drop-off spots and increasing frequency. About 900 passengers have boarded daily since the Jan. 20 launch, said Transportation and Mobility Director Jose Gonzalez. The taxis currently glide across the bay Monday through Friday from Miami Beach at Maurice Gibb Memorial Park to…

Top ambassador saluted for Miami-Dade Transit feedback

Last week, the Citizens’ Independent Transportation Trust (CITT) celebrated the third anniversary of the CITT Ambassador Program and recognized the 2025 CITT Ambassador of the Year for outstanding contributions to the innovative rider-driven feedback and public engagement program. Launched in 2023, the CITT Ambassador Program empowers frequent transit riders to…

Homebuilding Suppliers Flood Miami With Industrial Space For Sublease

Much of the new sublease inventory for Miami industrial industrial space is coming from companies tied to the housing industry, including furniture, appliance and building-material suppliers. The post Homebuilding Suppliers Flood Miami With Industrial Space For Sublease appeared first on Miami Airport Warehouses.

Joint Venture Sells Coconut Grove Office Property in Miami for $61M

A joint venture between locally based Torose Equities and Irvine, Calif.-based Sabal Investment Holdings has sold 3480 Main Highway, a 55,000-square-foot office and retail property located in Miami’s Coconut Grove neighborhood. Miami-based Azora Private purchased the property for $61 million, or $1,100 per square foot. The building is fully leased to…

‘Elevate 54’ Planned Near Brownsville Metrorail Station at 2845 NW 54th Street in Miami

An affiliate of Bay Heights Capital intends to move forward with a multi-family development under the Elevate banner near Miami’s Brownsville Metrorail station. The proposed Elevate 54 would measure eight stories and comprise 75 units, ranging from studio to two-bedroom apartments. Most of the homes would be one-bedroom units. Developer 54 St Owner, LLC intends to…

ExpoMiami 2026 is Back: Miami’s Longest Running Business Expo

South Florida’s business community is gearing up for one of the most anticipated events of the year — ExpoMiami 2026, a high-energy business expo designed to connect entrepreneurs, professionals, and companies of all sizes under one roof.  Sponsored by Galaxy Kitchen Depot and Banesco USA. Presented by the Doral Chamber of Commerce, ExpoMiami 2026 will take place…

Interior Renovation Complete as UNO South Pointe Plans Penthouse Office Addition in Miami Beach

UNO South Pointe, a Class A office building located at 119 Washington Avenue in Miami Beach’s South of Fifth neighborhood, has completed a comprehensive interior renovation and has unveiled plans for a vertical expansion introducing a new trophy office suite titled The Penthouse at UNO South Pointe. The new penthouse level, encompassing approximately 10,069 square…

New Amenity Renderings Released for The William Residences in North Miami Beach

New renderings have been released for The William Residences, a 26-story luxury condominium tower planned for North Miami Beach. The project is being developed by Blue Road in partnership with Ilia Development Group and will deliver 374 residential units. The visuals provide a first look at the project’s social and recreational amenity spaces, organized as a…

Torose and Sabal Sell Boutique Office in Miami’s Coconut Grove for $61M

Torose Equities and Sabal Investment Holdings unloaded a boutique office building in Miami’s Coconut Grove neighborhood for $61 million, the joint venture announced. Azora Private purchased the seven-story property at 3480 Main Highway, which faces the Barnacle Historic State Park and is about 5.5 miles southwest of Downtown Miami. The 68,031-square-foot building…

Historic Preservation Board to Review Outdoor Amenity Redevelopment at Fontainebleau Miami Beach on February 10

The Miami Beach Historic Preservation Board is scheduled to review a proposed outdoor amenity redevelopment at the Fontainebleau Miami Beach during its meeting on Tuesday, February 10. The review represents a key step in determining how the landmark oceanfront resort at 4441 Collins Avenue may update its facilities while maintaining its historic character.

Todd English to Lead Private Residents-Only Restaurant at Bentley Residences Miami

Celebrity chef Todd English is taking up residency at Bentley Residences Miami, where he will helm the tower’s private, residents-only restaurant, Proper English by Todd English. The concept marks English’s first-ever private residential dining venture and will be accessible exclusively to residents of the oceanfront development. Located in Sunny Isles Beach…

Two Roads sues Biscayne 21 – in Edgewater – holdout owners

Two Roads Development sued the holdout owners at Biscayne 21, adding another twist to the saga. The developer has been locked in litigation with the holdout owners of the bayfront condo building in Miami’s Edgewater since 2023. A year earlier, Two Roads paid about $150 million for the majority of units at the building, which was constructed in 1964. The developer…

Unsolicited proposal could add acres of Allapattah workforce housing

Miami officials this week are to revisit proposals tied to a long-dormant 18-acre city lot in Allapattah, a site planners say could help drive economic growth and add workforce housing if redevelopment finally moves forward. The city commission is expected to discuss unsolicited proposals for the city-owned General Services Administration, or GSA, lot at 1970 NW 13th…

Wynwood Plaza developers score $335M refi from Blue Owl

Oak Row Equities, L&L Holding Company and their partners scored a $335 million refinancing for their Wynwood Plaza office and multifamily complex in Miami. The deal comes as financing flows in South Florida, despite higher interest rates and some lenders cutting down on providing new debt. Oak Row, L&L Holding, Shorenstein and Claure Group completed the 1…

Amazon-Leased Wynwood Plaza Lands $335M Refi From Blue Owl

L&L Holding and Oak Row Equities have secured $335 million to refinance the newly completed Wynwood Plaza mixed-use complex in Miami, where Amazon is setting up an office, the companies announced Wednesday. Blue Owl Capital provided the floating-rate bridge loan, which will retire the original $215 million construction debt that Bank OZK issued in 2023. The…

North Bay Village apartments trade again for $18.5 million

A pair of neighboring apartment buildings fronting Biscayne Bay in North Bay Village sold for $18.5 million to bring new partners into the deal. This comes one week after the properties sold for a combined $15.5 million to Woodpecker Investments LLC. This deal covers the 30 apartments at 7917 West Drive and the eight apartments at 7921 West Drive. They combine to…

Waterfront apartments in North Bay Village sell for $15.5 million

A pair of neighboring apartment building fronting Biscayne Bay in North Bay Village sold for a combined $15.5 million in two deeds. In the bigger deal, Coral USA LLC, managed by Antonio Jose Caravito Duran in Miami, sold the 30 apartments at 7917 West Drive for $10.5 million to Woodpecker Investments LLC, managed by Gitesh Bhana in Daytona Beach, where Bhana also…

Shoreline Development Review Filed for Two 498-Foot Residential Towers in North Bay Village

A shoreline development review application has been filed with Miami-Dade County for a previously reported waterfront residential development at 8000 East Drive in North Bay Village. Submitted on February 6, 2026, the filing covers the bayfront parcels at 8000 East Drive and the adjacent 7946 East Drive site on Harbor Island, and outlines plans for a two-tower…

Historic South Beach buildings to become lifestyle hotel by 2029

A pair of historic 1940s-era buildings in the heart of South Beach’s Art Deco district are slated for a transformation into a multi-structure hotel and residential project. Starwood Hotels and Keyah Real Estate Group announced Jan. 27 that they will partner on the Treehouse Hotel Miami Beach, a project that merges historic preservation with new construction.

Recently Foreclosed Coconut Grove Office Sells For More Than $1K Per SF: The South Florida Deal Sheet

A Coconut Grove office building sold for a record price for the neighborhood, just one year after it was taken over via foreclosure. Torose Equities and Sabal Investment Holdings sold 3480 Main Highway in Coconut Grove to Azora Private Solutions for $61M, Torose announced. Torose and Sabal gained control of the 55K SF building by purchasing the $32M mortgage on…

Torose, Sabal flip Coconut Grove office building for $61M

Torose Equities and Sabal Investment Holdings flipped a formerly distressed office building in Coconut Grove for a $28 million gain. The joint venture sold the five-story building at 3480 Main Highway for $61 million in an off-market transaction to Miami-based Azora Private, led by Juan José Zaragoza, Arturo Vinueza Eastman and Ignacio Gil-Casares, according to a…

Ascendra, BAM land $60M construction loan for Coral Gables condo project

A pair of developers scored a $60 million loan to build a condo building in Miami, as construction financing flows for South Florida residential projects amid higher interest rates. Ascendra Capital and BAM Development scored the loan for their planned eight-story, 117-unit Seventeen Gables Condominium at 1715 Southwest 27th Avenue/Douglas Road, according to the…

Stranded Coral Gables condo buyer objects to receiver’s move in Rishi Kapoor’s aftermath

More than four years after putting a $3 million deposit on an unfinished penthouse in disgraced developer Rishi Kapoor’s first luxury condominium project, a stranded condo buyer is still fighting to recoup its funds. The condo buyer, Mironrest CG, objected to court-appointed receiver Bernice Lee seeking to hire her own law firm to handle clawback litigation. It’s…

Coral Gables votes to ban electric bicycles on city sidewalks

During this week’s city commission meeting, Coral Gables city officials voted for a Florida statute to prohibit all electric and motorized bicycles on city sidewalks.  The use of electric bicycles has become increasingly widespread in Coral Gables and its surrounding areas, including Miracle Mile, over the last few years, according to the city administration.  The…

Bam Lands $60M to Build Condo Development in Coral Gables

Bam Development and Ascendra Capital nabbed $60 million in construction financing to build a condo development in Coral Gables, Fla. The debt from Dwight Mortgage Trust covers a 0.9-acre site at 1715 Southwest 37th Avenue, adjacent to Douglas Road, north of the wealthy Miami suburb’s downtown. The eight-story development, called Seventeen Gables Condominium, will…

Construction Starts on ‘Hazel Doral’ at 8300 Northwest 33rd Street in Doral

An office building constructed in the late 1990s will soon be replaced with an affordable housing project in Doral. Hazel Doral is set to measure seven stories above grade and comprise 380 apartments. Homes will span studio to three-bedroom layouts, measuring about 570 to 1,270 square feet. Residency would be reserved for tenants earning up to 120 percent of the…

Public company moves to bigger industrial space in Hialeah Gardens

A publicly traded company in the aviation industry has tripled the size of its maintenance, repair and overhaul facility in South Florida. Doral-based AerSale Corp. (Nasdaq: ASLE) moved into nearly 90,000 square feet of industrial space at 10901 N.W. 146th St. in Hialeah Gardens. That’s about three times larger than the company’s old facility in Medley, which it…

Volta pays $23M for Office Depot-anchored retail, self-storage site in Hialeah

A private equity firm whose founder ran into trouble with the Securities and Exchange Commission over a decade ago bought an Office Depot-anchored mixed-use site in Hialeah for $23.1 million. An affiliate of Miami-based Volta Global, led by Marko Dimitrijevic and Jeff Evans, acquired a strip mall and a two-story big box store with a self-storage component at 5301 West…

Hialeah City Council Approves Four-Story Apartment Building for 250 E 4th Avenue in Hialeah

A funeral home that’s operated since the 1990s is slated for demolition to make way for a new housing project in Hialeah. The City Council approved a special use permit that would replace the Memorial Plan San Jose – Ferdinand Funeral Home with a four-story apartment building. It would comprise 71 units: 18 studios, 41 one-bedroom units, six two-bedroom units…

Mixed-use project breaks ground in Aventura with $70 million loan

An office, restaurant and retail project broke ground in Aventura after the developer secured a $70 million construction loan. Miami-based Ocean Bank provided the mortgage to Centtral Aventura LLC, managed by Jacobo Cababie Dichi in Aventura. It covers the 1.55-acre site at 20955 Biscayne Blvd. Miami-based Jaxi Builders filed notice with the county that it started…

Retail rush hits South Florida downtowns

South Florida downtowns have become much more than areas where people just live or work. They’re fast becoming places to linger, as a multifamily development boom sparks a wave of new restaurants, boutiques and fitness centers transforming urban cores. Downtown districts in Miami, Fort Lauderdale and West Palm Beach rank among the nation’s strongest urban cores…

Pacific Northwest buyers drop $51M on affordable Weston apartments

Canadian real estate investment firm Spira Equity Partners and Foundation For Affordable Housing bought a low-income apartment complex in Weston for $50.5 million. Vancouver, British Columbia-based Spira and Bend, Oregon-based Foundation For Affordable Housing bought the 300-unit The Falls of Bonaventure at 201 Racquet Club Road, according to records and real estate…

Related Cos. and Related Group Sell Weston Multifamily Complex for $51M

A joint venture led by Stephen Ross’s Related Companies and Jorge Pérez’s Related Group sold an affordable housing complex in Broward County, Fla., for $50.5 million, property records show. A partnership between Bend, Ore.-based nonprofit Foundation for Affordable Housing and Vancouver, Canada-based Spira Equity Partners purchased the 300-unit property. The…

Pembroke Pines mall adds retailers, tees up fashion, home and lifestyle brands for 2026

A steady flow of new retailers, restaurants and services is adding to the tenant mix at The Shops at Pembroke Gardens, a 41-acre open-air lifestyle center in Pembroke Pines. The property, at 527 SW 145th Terrace, has recently added women’s apparel retailer J. Jill and Crema Gourmet Espresso Bar and is slated to welcome additional fitness, fashion and home brands in…

‘Cameron Cove’ Could See 72 Additional Residences at 2571 SW 79th Avenue in Davie

Cameron Cove apartments in Davie could see an expansion that would increase the number of residences by 32 percent. Constructed in the mid-1980s, the multi-family development currently hosts 221 homes; yet, pending approval from the city’s Planning & Zoning Board, the venture would see 72 new two-bedroom residences. According to the South Florida Business…

Diana Ulis, Indian firm MICL launch Ritz-Carlton-branded Fort Lauderdale condos

Diana Ulis and Indian developer MICL launched sales and marketing for a Ritz-Carlton-branded condo project in Fort Lauderdale, adding to the packed pipeline of luxury hospitality-branded developments in coastal Broward County. Ulis’ Admire Capital, an affiliate of her DA Capital Group, and Mumbai-based MICL are planning a two-building, 13-story, 83-unit condominium…

Fort Lauderdale and West Palm Beach apartments hitting market amid lethargic rents

A pair of South Florida apartment complexes will be going for sale, The Real Deal has learned, amid a slowdown of the multifamily market compared with recent years’ boom. Boston-based Stratford Management is looking to offload the 276-unit Riverland Apartments at 420-432 Southwest 27th Avenue in Fort Lauderdale for about $90 million, and CIX Capital wants to sell…

Andrew Farkas’s C-III Capital Refis Plantation Office Campus

Andrew Farkas’s C-III Capital Partners and Vanderbilt Office Properties landed a $53.5 million refinancing loan for an office park in suburban South Florida. Goldman Sachs provided the five-year debt, which covers the Crossroads I, II and IV office properties in Plantation, Fla., according to public mortgage documents filed in January. The New York-based lender…

JV Tops Off Luxury Condo Project in Hillsboro Beach

Related Group and Dezer Development have topped off on Rosewood Residences Hillsboro Beach, a luxury condominium development that will deliver 92 waterfront units to Hillsboro Beach, Fla. The project consists of a 10-story oceanfront tower with 70 units and a three-story Intracoastal-facing building with 22 units. Construction began in December 2024 and is expected to…

Vertical Construction Tops Out at Rosewood Residences Hillsboro Beach

Vertical construction has topped out at Rosewood Residences Hillsboro Beach, a 10-story luxury condominium development rising along South Florida’s Millionaire’s Mile in Hillsboro Beach. The project is being developed by Related Group and Dezer Development and marks the first hospitality-branded condominium development in the area. The boutique property rises…

Deerfield Beach Offices sell for $35 million

A pair of single-story office buildings on the same street in Deerfield Corporate Park in Deerfield Beach sold to a West Palm Beach-based company for $34.5 million. Denholtz Deerfield LLC, led by Steven Denboltz of Red Bank, New Jersey-based Dentolz, sold the 70,512-square-foot office at 602 S. Military Trail and the 76,905-square-foot office at 776 S. Military Trail.

Rockpoint Joins Boca Raton TOD Project

Rockpoint has teamed up with 13th Floor Investments for the development of Link at Boca, a 340-unit mixed-use, transit-oriented community in Boca Raton, Fla. The venture also recently secured construction financing: Santander Bank provided a $100 million loan. The project, which is a public-private partnership with the South Florida Regional Transportation Authority…

California company to move headquarters to Boca Raton

Palo Alto, California-based quantum computing company D-Wave Quantum (NYSE: QBTS) announced it will move its headquarters and research & development facility to South Florida. The company also signed a $20 million deal with Florida Atlantic University, which will purchase an advanced quantum computer from the company. D-Wave said it would transition its headquarters…

Mr. C condo slated for Boca Raton

Key International and Wexford Real Estate Investors revealed plans for a condominium in downtown Boca Raton with hospitality brand Mr. C, founded by brothers Ignazio and Maggio Cipriani. The developers, through affiliate KW SE 4th Street Boca LLC, would build the project on the 1.64-acre site at 41 S.E. Fourth St. The property currently has three office buildings and…

Map: Tracking Penn-Florida’s woes in Boca Raton as its Mandarin Oriental condo takes shape

As two long-delayed high-profile projects head to the finish line in Boca Raton, details of the financial and legal problems that slowed their development are coming to light. Mark Gensheimer’s Penn-Florida unveiled ambitious plans for Boca Raton a decade ago. The firm, already an office owner in the city, was pursuing an assisted living facility. It unveiled plans…

Lease roundup: Pebb, BH land health care HQ at The Eclipse in Boca Raton

A health care company will move its headquarters to BH Group and Pebb Enterprises’ mixed-use project in Boca Raton, formerly known as Office Depot’s headquarters. MDVIP leased 49,500 square feet at The Eclipse at 6600 North Military Trail, where it’s expected to move in the fourth quarter, according to the landlords’ news release and a spokesperson for the…

Private club residences greenlighted amid Boca Raton condo frenzy

BDT & MSD Partners’ proposals for an eight-story condominium and a three-story fitness center on the grounds of The Boca Raton won endorsement from Boca Raton’s Planning and Zoning Board this week. The development will replace the luxury resort’s golf maintenance facility with a 76-unit multifamily highrise and a 31,700-square-foot fitness center on the 140-acre…

‘The Sanborn, Boca Raton’ Proposed for 100 N.E. First Avenue in Boca

A group of developers intend to move forward with an ultra-luxury private club in Boca Raton. The Sanborn, Boca Raton would measure eights stories above grade and comprise 44,000 square feet of new construction. Key offerings include eight hotel-style suites, a rooftop swimming pool, bar, and grill, a third-floor card room, and a library. There would also be a…

Medical Provider MDVIP Moving HQ in Boca Raton After Signing 49K-SF Deal

Concierge medical care provider MDVIP inked a 49,466-square-foot lease to relocate its headquarters within Boca Raton, Fla. The new office is in the former headquarters of Office Depot, a building now called the Eclipse, owned by BH Group and Pebb Enterprises. The lease marks the latest shakeup in Boca Raton’s office leasing market. Last week, D-Wave Quantum…

Update: Historic hotel, private club in West Palm Beach targeted in foreclosure lawsuit

The Historic Hotel Biba in West Palm Beach, which was undergoing renovations to be reopened as a boutique hotel and social club, could be seized in a $2.5 million foreclosure lawsuit. The Davar Rad Revocable Trust, with Davar Rad as trustee, filed a foreclosure complaint on Jan. 29 against Royal Palm WPB Hospitality LLC. It concerns the 0.98-acre property at 310…

West Palm Beach hotel sold for $10.6 million

WoodSpring Suites West Palm Beach and adjacent commercial land have been sold for $10.64 million. The sale includes a four-story, 122-unit WoodSpring Suites hotel at 6350 Okeechobee Blvd. in unincorporated Palm Beach County, along with about 1.6 acres of adjacent commercial land. Palm Beach County Property Appraiser records show the hotel was completed in 2023 and…

Nadim Ashi closes $100M West Palm Beach condo buyout after going toe-to-toe with Steve Ross

Nadim Ashi is closing on the buyout of a waterfront West Palm Beach condo building, securing a prime development site across from Donald Trump’s Mar-a-Lago Club. The buyout of Harbor Towers, which sources say will total about $100 million, also marks a victory for Ashi over Steve Ross. The two industry titans went head-to-head in a legal battle over control of the…

Billionaire Jeff Greene threatened with $5M penalty for delayed One West Palm in West Palm Beach

Billionaire developer Jeff Greene faces a $5 million penalty if he doesn’t complete his long-delayed One West Palm project by the end of 2027. “I’ve built over 100 buildings,” he said. “There’s always trouble.” Greene agreed to finish the two-tower, 30-story mixed-use One West Palm in an agreement with the West Palm Beach City Commission that was…

Inside Steve Ross’ buyout of a West Palm Beach waterfront condo

Before Steve Ross set his sights on a 1980s waterfront condo in West Palm Beach, Joey Columbo was picking up units in the building with the foresight that a developer would soon come knocking on doors with a buyout offer. Columbo, a Palm Beach-based investor and broker, identified Southbridge Condominium, a three-story complex at 3915 South Flagler Drive, as a future…

Flush With Donations and Art, West Palm Beach’s Norton Museum Proposes Upgrade

Just seven years after it completed a major makeover, the Norton Museum of Art in West Palm Beach, Fla., is ready to expand again. In January, the West Palm Beach Planning Board approved an expansion plan that would add about 100,000 square feet to the Norton’s 8.5-acre campus at 1450 South Dixie Highway. Just 37 percent of the museum’s collection —…

Riviera Beach to consider bids for massive waterfront project

Officials in Riviera Beach are set to consider three competing bids from developers who want to redevelop a prime piece of waterfront real estate as a mixed-use project. The coastal city’s Community Redevelopment Agency will review responses to a request for proposals for Phase II of the Marina Village project at a meeting Wednesday. The CRA, which uses taxpayer…

Video: Fountain Residential Partners CEO Brent Little Discusses Resilient Performance of Student Housing in a Cycling Market

As the dynamics of the real estate market continue to fluctuate, the student housing sector stands out as a unique and robust segment. On the latest episode of America’s Commercial Real Estate Show, an enlightening discussion unfolded between the show’s host and Brent Little, President and CEO of Fountain Residential Partners. The conversation delved into the…

MBA–CREF Special Report: Capital Comeback

Investors with reliable access to capital are gearing up for an unusually busy 2026, but not all asset classes and debt structures are likely to fare equally in this new investment cycle. On the second day of the Mortgage Bankers Association’s 2026 Commercial Real Estate Finance Conference, executives from a host of institutional investment firms outlined their…

The data center boom is zeroing in on a new target

The hundred-billion-dollar race to build artificial-intelligence data centers as fast as possible has found a new target: bitcoin miners. Across the country, so-called “mega-scalers” looking to build data centers in the gigawatt range have unlocked hundreds of billions of dollars to support an unprecedented effort to increase both the intelligence of AI products…

Protecting commercial properties from cybersecurity threats

Commercial real estate companies’ sensitive data and high-volume transactions are attractive targets for cybercriminals. A strong cybersecurity strategy is critical to preventing fraud, avoiding operational disruption and protecting your business’s reputation—especially as artificial intelligence (AI) helps fraudsters efficiently launch more sophisticated…

A Contrarian Strategy for Self-Storage Development

I often tell the team, “real estate has a contrarian aspect.” When everyone is buying, it’s time to sell, and when everyone is selling, it’s time to buy. Perhaps it’s because we have to look years ahead and predict what the market will be like by the time our investment is ready to sell. This foresight is especially critical in self storage real estate…

Florida relied on immigration for almost all of its population growth last year

The flow of new Floridians slowed down a lot in the past year. The torrid population growth the Sunshine State experienced in the years right after the COVID-19 pandemic has given way to something else. “ I would say it’s more a normalization,” said Sheridan Morby, senior research economist at the Florida Chamber Foundation. Florida’s population grew by more than…

U.S. Labor Market Begins 2026 Stronger Than Expected After 2025’s Weakness

Hiring among U.S. employers picked up in January, exceeding expectations. According to a survey of businesses by the Bureau of Labor Statistics (BLS), U.S. employers added 130,000 jobs in January 2026, the strongest monthly jobs report since December 2024. This strength followed a year of notably weak job gains that were even worse than initially reported, due to…

Delinquencies in commercial mortgage-backed securities are on the rise. Here’s what’s happening

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2025 Year-End Office Investment Sales Report

South Florida’s office investment volume reached $3.3 billion in 2025, a 25.8% year‑over‑year increase signaling a solid rebound for the region. Despite softer pricing, $282 per square foot on average and 6.4% cap rates, both down from the prior year, market momentum strengthened meaningfully in the fourth quarter as the Fed continued rate cuts, closing the year…

The One Big Beautiful Bill: Catalyst or Constraint for CRE’s Next Cycle?

Day Pitney Miami Partner and chair of the firm’s Florida Real Estate practice, Daniel Diaz Leyva, was recently featured in Commercial Property Executive discussing how the One Big Beautiful Bill is influencing the next phase of the commercial real estate cycle. Diaz Leyva shared insights on how accelerated depreciation, bonus expensing, and expanded Opportunity Zone…