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

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…

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…

Developer buys land in Miami-Dade Goulds area from church, obtains $19 million construction loan

The Feldman Cos. acquired a property in the Goulds neighborhood of south Miami-Dade County, with a church as one of the two sellers, and the developer obtained a $19.22 million construction loan for its self-storage project. TFC Southland Development, led by Mitchell Feldman of North Miami-based Feldman Cos. paid $2.95 million to New Life Chapel, formerly known as…

Miami officials select developer for affordable condo project

Miami officials approved a proposal for a new affordable homeownership project. At a Jan. 22 meeting, the Southeast Overtown/Park West Community Redevelopment Agency voted in favor of selecting Krea USA as the project’s developer. The Miami-based company was the sole bidder in the CRA’s October request for proposals for the development of public land along…

North Miami Beach development site slated for auction after $15M foreclosure

A mixed-use development site in North Miami Beach is set for foreclosure auction after its owner lost a $15.39 million foreclosure judgment. LC 4.7 VTX LLC won a foreclosure judgment in Miami-Dade Circuit Court on Dec. 30 against NMB Place Owner LLC and loan guarantor Douglas Strabelli in New York over a mortgage with $13.41 million in principal outstanding, plus…

Miami-Dade Princeton neighborhood apartments sold at loss for $33.5 million

The Pine Grove Apartments in the Princeton neighborhood of south Miami-Dade County sold for $33.5 million, a significant discount from their last trade. Pine Groves FL Apartments, care of Toronto-based Marlin Spring US Realty, sold the 204 apartments at 24101 S. Dixie Highway to Pine Grove Apts LLC, led by Yoram Izhak of North Miami-based IMC Equity Group. Wells Fargo…

Historic downtown Miami courthouse sold

A Miami-based investment fund that specializes in preserving historic buildings has closed on its second acquisition in the Magic City. Revitalization Unlimited purchased the Courthouse East building at 22 N.W. First St. in downtown Miami. A deed of preservation easement was issued Dec. 31 without a listed price. A spokesperson for Revitalization Unlimited declined to…

Apartment developer buys Doral office for $26M for redevelopment

ZOM Living acquired an office building in Doral for $26.25 million in order to replace it with an apartment complex. Westside Plaza II LLC, part of Denver-based Ascentris, sold the 6.57-acre site at 8300 N.W. 33rd Street to Hazel Doral Owner, led by Matthew W. Adler in the Fort Lauderdale office of ZOM Living. PNC Bank provided a $92.3 million construction loan to the…

Top Projects That Will Reshape Miami

Editor’s note: This article was first published in 2021 and has been updated as of Feb. 3, 2026, to reflect the most current information available for each project. Even though tourism remains one of South Florida’s largest job generators and the hospitality sector took a significant hit in 2020, the Magic City has rebounded faster than many peer markets.

Lender Wins Second Auction For Miami Skyscraper Site at 340 Biscayne Boulevard With $95M Bid

The lender to a fully entitled redevelopment site won a bankruptcy auction for the property for a second time — this time for $18M more than its initial winning bid, which was voided by a judge. The auction redo for 340 Biscayne Blvd. was held Wednesday afternoon and ended after just 10 minutes of bidding between two parties. The lender, Cirrus Real Estate…

Swire Properties Replaces President After Sale Of Brickell City Centre

Following the sale of some of its prime South Florida holdings, Swire Properties has replaced its head of Miami operations. David Martin was named president of Swire Properties, replacing Henry Bott, the South Florida Business Journal reported. A native of England, Bott moved to Miami from the UK in 2023 to take the role, and he plans to move back there for family…

Developer Of $1B Aston Martin Tower in Miami Sued For Allegedly Siphoning Funds From Owners

The people who bought apartments at the world’s first Aston Martin-branded residential building were promised a luxury experience that would live up to the British sports carmaker’s 113-year-old reputation. But less than two years after the 66-story Aston Martin Residences opened along the waterfront in Downtown Miami, the residents of the luxury tower say its…

David Martin scores $410M loan for Well-branded Coconut Grove condos

David Martin scored a $410 million construction loan for his second Well-branded condo project, a 194-unit development slated to open in 2028. Martin’s Terra teamed up with Miami Beach-based AB Asset Management, led by Getzy Fellig and Sam Zalmanov, for the eight-story Well Coconut Grove planned at 2835 Tigertail Avenue, according to a news release. Tyko Capital, a…

Atlanta investor lists massive Palmetto Bay Miami-Dade waterfront site with entitlements

Goddard Investment Group is looking to make a whopper of a land deal. The Atlanta-based firm led by CEO Robert Goddard listed 80 acres with mixed-use development entitlements in Palmetto Bay, a news release states. The waterfront site at 17777 Old Cutler Road, which once housed fast food giant Burger King’s headquarters, is being marketed by an Avison Young team led…

“Immense shell game”: developer of Aston Martin Residences in downtown Miami accused of fleecing owners

Aston Martin Residences developer Germán Coto is accused of siphoning millions of dollars from condo owners, according to a bombshell lawsuit being reported for the first time by The Real Deal. Coto is accused of running “an immense shell game” via condo association contracts to vendors with close ties to Coto. The 300 Biscayne Boulevard Way Condo Association…

CGI Merchant loses 550 Biltmore in Coral Gables as its portfolio cracks

CGI Merchant Group is catching zero breaks, as its South Florida portfolio unravels under the crushing weight of debt woes. In the latest trouble, the firm lost the 15-story 550 Biltmore office building, at 550 Biltmore Way, in Coral Gables. Miami-Dade Circuit Judge Abby Cynamon issued a judgment last month for $61.3 million in favor of lender SDI Biltmore Borrower…

Steve Ross, Ken Griffin pledge $10M in push for South Florida office relocations

Billionaires Steve Ross and Ken Griffin moved their businesses to South Florida in recent years, and now they are spreading the gospel of its economic advantages. The powerhouses put $10 million behind “Ambition Accelerated,” an effort to attract out-of-state executives, investors and founders to South Florida, Bloomberg reported. They are bankrolling the…

Veto: Miami-Dade mayor blocks controversial industrial project outside UDB

Miami-Dade County Mayor Daniella Levine Cava blocked an industrial project planned on 245 acres outside the Urban Development Boundary, citing concerns over wetlands and other issues. On Monday, Levine Cava vetoed the commission’s approval of the project, igniting what will likely be yet another showdown between the mayor and commissioners over expansion of the UDB.

Zom, Ascentris swing for $119M office redevelopment in Doral

Ascentris and Zom Living are teeing up the redevelopment of a Doral office building after buying the property for $26.5 million and nabbing a $92.3 million construction loan. The joint venture recently broke ground on a Live Local project with 380 apartments. An entity tracing to Denver-based Ascentris, led by Gabe Finke, and Orlando-based Zom, led by Greg West…

RFR’s 100 Biscayne office tower hits market for $130M in downtown Miami

RFR Realty is looking to offload its downtown Miami office tower for about $130 million, The Real Deal has learned. New York-based RFR listed the 30-story, 310,000-square-foot 100 Biscayne, at 100 Biscayne Boulevard, according to a source familiar with the matter. The asking price amounts to $419 per square foot. A Newmark team led by Adam Spies and Adam Doneger is…

South Florida by the numbers: California Love

“South Florida by the numbers” is a web feature that catalogues the most notable, quirky and surprising real estate statistics. Californians are known for their laid-back lifestyle, but the state’s billionaire class isn’t waiting around when it comes to tax exposure. As proposals circulate that could skim serious cash off the largest fortunes, the state’s…

Lease roundup: Wagyu kaiseki on tap for Miami Design District, Nora gets first office tenants

Tokyo’s Michelin one-star restaurant Oniku Karyu is making its U.S. debut with Karyu Miami in the Design District. Karyu Miami will open a 263-square-foot, 12-seat wagyu kaiseki at 40 Northeast 41st Street on Wednesday, according to the tenant’s news release. The restaurant is a partnership between Spicy Hospitality Group and chef Haruka Katayanagi. Three of…

Multifamily bargain: IMC Equity scoops up Princeton complex at 24% discount

IMC Equity Group bought a Princeton apartment complex for nearly 24 percent less than its sale price four years ago, as the investment firm capitalizes on distress in South Florida. North Miami-based IMC Equity, led by Yoram Izhak, bought the 204-unit garden-style Pine Groves at 24101 South Dixie Highway in unincorporated Miami-Dade County from an entity led by Elliot…

Ugo Colombo, Fort Partners score $324M loan for Four Seasons Coconut Grove

Ugo Colombo’s CMC Group and Nadim Ashi’s Fort Partners secured a $323.8 million construction loan for the planned Four Seasons-branded condo building in Coconut Grove. Bank OZK is the lender, according to a news release. Colombo, founder of CMC, said the developers were considering more than 10 lenders “providing highly competitive terms.” The 20-story…

Miami-Dade Mayor touts real estate strides amid recall petition

Miami-Dade County Mayor Daniella Levine Cava is aiming to expand her real estate initiatives amid flak from the opposing political party. Levine Cava highlighted her administration’s efforts to make permitting more accessible, spur more construction of affordable and workforce housing and provide financial assistance to condo owners facing steep special assessments…

Do-over costs Cirrus $18M over previous win in bankruptcy auction of downtown Miami site

Cirrus Real Estate Partners won the do-over bankruptcy auction for a distressed downtown Miami development site, only this time it will pony up $18 million more than its previous winning bid. New York-based Cirrus, the lender on the nearly 1-acre property at 340 Biscayne Boulevard, made the opening $77 million credit bid Wednesday and competed with an unknown bidder…

Swire Miami’s Henry Bott steps down, Dave Martin takes over as president

Henry Bott is stepping down as president of Swire Properties in Miami after just three years. The Hong Kong-based firm promoted Dave Martin to take over effective Mar. 16, according to a news release. Bott is moving back to his hometown of London with his family after a career with Swire that spans more than a decade and posts in China, Vietnam and Florida. He was…

Turkish developer scores city approval for North Miami condo project

The Turkish developer Shelton got the greenlight for its first Florida condo project, an 11-story waterfront development in North Miami. Led by chairman Abdullah Kırkıncıoğlu, the firm is planning an 18-unit complex at 1998 Northeast 135th Street in North Miami. The 0.3-acre site is owned by Monique Benson, who bought it for $480,000 in 2002, according to property…

El-Ad doubles up in North Bay Village, pays $19M for second dev site

El-Ad Properties upped the ante on its North Bay Village bet, buying a second development site in the waterfront city for $19 million. An affiliate of Boca Raton-based El-Ad, led by Isaac Sharon Tshuva and Orly Daniell, acquired an 11,200-square-foot lot at 7922 East Drive and two contiguous lots totalling 22,400 square feet at 7923 and 7925 East Drive, records and…

CMC Group, Fort Partners Get $324M for Miami Luxury Project

A joint venture between CMC Group and Fort Partners has secured a $323.8 million construction loan for the development of Four Seasons Private Residences, a 70-unit luxury condominium development located in Coconut Grove, Fla. Bank OZK provided the financing for the Miami project. Law firm Bilzin Sumberg’s team of Jim Shindell and Hannah Lidicker negotiated on…

Immigration Crackdown Creating ‘Havoc’ For Some South Florida Apartment Owners

More and more apartment landlords and operators are starting to feel the strain placed on their portfolios by the Trump administration’s intensifying immigration enforcement actions. Forty percent of apartment owners, developers and investors reported that recent immigration policies hurt leasing efforts and occupancy rates, according to a survey conducted by John…

ZOM Living Lands $92M for Office-to-Resi Conversion in Doral

Developer ZOM Living and private equity firm Ascentris plan to redevelop an old office building in Doral, Fla., into a multifamily property after landing a $92.3 million construction loan from PNC Bank.  In tandem with the financing, the joint venture paid $26.5 million for Westside Plaza II, a three-story building at 8300 Northwest 33rd Street, just west of Miami…

Big apartment project coming to East Little Havana

A planned mixed-use residential midrise is bringing hundreds of new apartments to East Little Havana and will have a 5,000-square-foot ground floor retail space intended for a neighborhood-serving grocery or pharmacy. Brookstone 805 Flagler LLC is proposing the project, 805 Flagler, with an eight-story building offering more than 535,000 square feet of floor area…

Coral Gables pushes forward renovation of historic city hall

After being introduced to the City Hall floor plan designs, Coral Gables city officials are moving forward with the historic building’s construction documentation approval.  At last week’s meeting, the city commission added a controlled partition at the reception archway on the second floor, security hardening, and soundproof acoustics before agreeing on the…

After offices sale, is Miami-Dade County Courthouse next?

A century-old office building that long served as part of Miami-Dade County’s courthouse campus at 22 NW First St. has been sold to an investment firm dedicated to preserving historically significant properties. The firm, Revitalization Unlimited, announced its acquisition in a Jan. 21 press release, describing the purchase as part of its broader strategy to…

Ceremionial Groundbreaking Set for ‘UniDos’ at 1445 N Miami Ave in Miami’s Omni District

Florida YIMBY has an update regarding a highly anticipated mixed-use venture set for Miami’s Omni District. The ceremonial groundbreaking is set for UniDos (also known as Uni + Dos) for late February. Upon completion, the venture will comprise 398 residences in 31 stories. The homes will be designated as income-restricted and affordable housing units, ranging…

‘The Walker’ to Offer Affordable Homeownership Units at 734 N.W. Fourth Avenue in Miami

A Miami-based developer is moving forward with an affordable housing project in Overtown. The project was greenlit by city officials this past week. The Walker will comprise 55 residences in a mid-rise building, hosting 45 two-bedroom homes and 10 three-bedroom homes. Residency would be available to tenants earning between 80 to 120 percent of the area median…

HQ Residences Miami Unveils Interior Renderings for 35-Story Edgewater Condominium Tower

New interior renderings have been released for HQ Residences Miami, a planned 35-story branded condominium tower at 422 NE 29th Street in Miami’s Edgewater neighborhood. The project is being developed by The Boschetti Group, Constellation Group, and Black Salmon, with sbe serving as the hospitality and lifestyle brand. The building is designed by Arquitectonica…

CMC Group and Fort Partners Secure $323.8 Million Construction Loan for Four Seasons Private Residences Coconut Grove

CMC Group and Fort Partners have closed a $323.8 million construction loan from Bank OZK for Four Seasons Private Residences Coconut Grove, a 20-story waterfront residential tower at 2699 South Bayshore Drive in Miami’s Coconut Grove neighborhood. The financing supports Florida’s first standalone Four Seasons branded residential development without an accompanying…

Bad Bunny’s Miami Restaurant Gekko Part of $24M Refi From UBS

UBS provided a $23.5 million loan to refinance two retail condos in Miami’s Brickell district, including the one housing Bad Bunny’s Gekko restaurant, property records show. The financing covers the 15,302-square-foot retail space at 8 Southeast Eighth Street, facing the Brickell City Centre mixed-use complex. The ground-floor retail space sits within the SLS…

CMC and Fort Partners Secure $324M to Build Miami Four Seasons Condo

CMC Group and Fort Partners secured a $323.8 million construction loan from Bank OZK for a Four Seasons-branded condo in Miami’s Coconut Grove neighborhood, the developers announced.  The 20-story Four Seasons Private Residences Coconut Grove will feature 70 condo units. Construction, which got underway in October, is expected to be completed in mid-2028.  The…

Villa Miami Reaches 21 Floors Above Biscayne Bay at 710 NE 29th Street in Edgewater

Vertical construction has reached 21 floors at Villa Miami, a 56-story, 650-foot waterfront residential tower rising along Biscayne Bay in Miami’s Edgewater neighborhood. The development will contain 70 half-floor and full-floor condominium residences and is being developed by Terra in partnership with One Thousand Group and Major Food Group, with architecture by…

David Martin to Replace Henry Bott as Swire Properties Miami President

Swire Properties has promoted David Martin to lead the firm and oversee the development of its supertall Mandarin Oriental-branded condo and hotel project on Brickell Key in Miami. Martin, who has served as Swire Properties’ vice president of leasing since 2018, will replace Henry Bott as president in mid-March. Bott, who became president in 2023, will return to…

Joint Venture Acquires Design 41 Mixed-Use Building in Miami for $72.5M

A joint venture between Pebb Capital, Wharton Properties, Lane Capital Partners and Sabal Investment Holdings has purchased Design 41, a seven-story mixed-use building located at 112 N.E. 41st St. in Miami’s Design District. The partnership purchased the property from the privately held Norton family for $72.5 million. Tony Arellano and Devlin Marinoff of…

New York Retail Mogul Jeff Sutton Pays $73M for Miami Design District Building

New York’s retail maven Jeff Sutton (and his son Joe) have made their way down to the Miami Design District.  Sutton’s Wharton Properties paid $72.5 million for the Design 41 mixed-use building, alongside Todd Rosenberg’s Pebb Capital and Ethan Leavitt’s Lane Capital Partners, according to the brokerage that arranged the transaction, Dwntwn Realty…

Tyko’s $410M Construction Loan Sets Record for Coconut Grove

Terra and AB Asset Management secured $410 million to build a boutique luxury condo development in Miami’s Coconut Grove neighborhood, the joint venture announced. The financing from Tyko Capital will fund Well Coconut Grove, a 194-unit development at 2835 Tigertail Avenue. Vertical construction, which got underway this week, is expected to be completed in the…

Uniqlo to Open on Miami Beach’s Lincoln Road and in Aventura Mall

Uniqlo is opening its first South Florida stores on Miami Beach’s famed Lincoln Road and inside the Aventura Mall.  The Japanese clothing retailer will occupy the entire two-story building at 530 Lincoln Road, a spokesperson for the company told Commercial Observer.  Des Moines, Iowa-based Principal Asset Management owns the 14,284-square-foot building, which sits…

South Florida Denny’s franchisee files for bankruptcy

A Denny’s franchisee that opened a Miami Beach diner a little over a year ago declared bankruptcy following hurdles and delays in opening the restaurant. DBJ US Corp. filed for Chapter 11 reorganization Jan. 27, listing more than $1.5 million in debts and just over $100,000 in assets. The petition was submitted in U.S. Bankruptcy Court in Miami by one of the…

Stiles could redevelop part of Wilton Manors shopping center

Stiles Corp. and New Urban Communities could redevelop part of the Shoppes at Wilton Manors with apartments and new retail space. Wilton Manors’ Development Review Committee will consider the rezoning and site plan applications for the 5.4-acre site at 2200 to 2292 Wilton Drive on Feb. 3. Wilton Manors Property Owner LLC, an affiliate of Fort Lauderdale-based…

Stiles could redevelop part of Broward shopping center

Stiles Corp. and New Urban Communities could redevelop part of the Shoppes at Wilton Manors with apartments and new retail space. Wilton Manors’ Development Review Committee will consider the rezoning and site plan applications for the 5.4-acre site at 2200 to 2292 Wilton Drive on Feb. 3. Wilton Manors Property Owner LLC, an affiliate of Fort Lauderdale-based…

Developers Propose Mixed-Use Project with Luxury Apartments at 2262 Wilton Drive in Wilton Manors

Two developers hope to move forward with a luxury housing project that would replace part of a shopping center in Wilton Manors. The unnamed venture would comprise 82 luxury residences in two five-story buildings. Homes would span about 700 to 1,485 square feet, although three outliers will measure 2,371 to 2,515 square feet. Future residents would have access…

Lowe’s buys land in Westlake for new store, regional headquarters

Lowe’s has purchased a large parcel of land in South Florida for a new store location and regional headquarters. The Mooresville, North Carolina-based home improvement retail giant acquired 10.64 acres at 5683 Seminole Pratt Whitney Road in Westlake from Minto Communities USA. The transaction closed Jan. 29. The plot traded through affiliates for $7.5…

Details revealed for private club planned in Boca Raton (Photos)

Developers have revealed details of an exclusive private club that could be developed in Boca Raton. The Sanborn, Boca Raton is led by general partner Steven Newman, along with developer Scott Kerner, with the backing of investors from Manhattan and Boca Raton. It would be on a 0.31-acre site at 100 N.E. First Ave. that’s currently owned by the Jacqueline T. Higgins…

National coworking company opens new Boca Raton location

A national coworking space provider has expanded in South Florida with its first location in Boca Raton. Indy by Industrious Central Boca occupies 10,000 square feet in the Fountain Square office complex, at 2700 N. Military Trail in Boca Raton. The space, which opened Jan. 20, offers nearly 150 seats. Amenities include craft coffee and snacks, secure Wi-Fi access and…

Boca Raton health care company plans new headquarters

A South Florida medical concierge company has plans for a new headquarters in a large mixed-use development. MDVIP signed an 11-year lease for 49,466 square feet of Class A office space on the ground floor of The Eclipse’s North Tower, at 6600 N. Military Trail in Boca Raton. Move-in for the company’s 200-plus local employees is slated for October. Add your…

Silicon Valley quantum computing firm moves HQ to Boca Raton

A Silicon Valley quantum computing company will move its headquarters to Boca Raton, bolstering Palm Beach County boosters’ drive to turn the area into a hub for tech firms. D-Wave Quantum, now based in Palo Alto, California, will open its headquarters and a research and development facility by year’s end at the Boca Raton Innovation Campus, according to news…

How Terra and Frisbie’s city-defining megaproject in Boca Raton landed in the hands of the people

“As we conduct the people’s business here today, we pray that we do so with wisdom, maintaining a sense of proportion,” Boca Raton City Council Member Andy Thomson said. Thomson was presiding over a city council meeting in February 2025 at which elected officials would select a partner for a major public-private redevelopment. By the end of the meeting, Thomson…

13th Floor, Rockpoint score $100M construction loan for Boca Raton rental project near Tri-Rail stop

13th Floor Investments and Rockpoint scored a $100 million construction loan for an apartment project near the Boca Raton Tri-Rail station. The 340-unit development hit the pipeline as South Florida is feeling the sting of a multifamily supply overhang, as hefty completions and slower in-migration in recent years have led to lower rents and more concessions. Coconut…

Immocorp makes $202M buyout offer for West Palm Beach condo building overlooking Mar-a-Lago

A $202 million condo buyout offer is calling to the owners of a West Palm Beach building recently saddled with overwhelming costs, including a $12 million special assessment. Immocorp Capital’s offer breaks down to an average of $1.4 million per unit to the ownership of South Portofino Condominium, the Palm Beach Post reported. If the owners accept the deal, it…

Activate sells West Palm Beach Marriott for $24M amid strong hotel market

Activate Hospitality offloaded a West Palm Beach hotel less than two years after renovating and rebranding it. The Miami-based firm sold the 11-story, 200-key Delta Hotels by Marriott West Palm Beach for $23.8 million to an affiliate of Toronto-based Palm Holdings, led by Sheetal Kapoor, records and real estate database Vizzda show. The buyer paid $118,750 per room…

Concord Wilshire’s $60M offer emerges as front runner for Royal Palm Beach site

Concord Wilshire Capital is first in line to buy a distressed development site in Royal Palm Beach that’s approved for a mixed-use project but saddled with a $47.4 million foreclosure judgment. Two entities managed by developer Brian Tuttle are seeking bankruptcy court approval for a reorganization plan that entails two possible tracks to pay off the foreclosure. In…

Lawsuit over West Palm’s long-stalled $1B Transit Village heads to settlement

Long-stalled plans for nearly 1,000 residential units plus hotel rooms and commercial space near a West Palm Beach transit hub are back in motion. Attorneys for the developers behind the $1 billion Transit Village project are in discussions to settle the lawsuit against Palm Beach County over the sale price of the 6.6-acre county-owned site, avoiding a February trial…

Rockpoint Joins 340-Unit 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…

West Palm Beach Trophy Office Building Hits the Market for $200M-Plus

Stephen Ross may have the monopoly on West Palm Beach, Fla., but there’s a chance for one lucky buyer to snap up one of the few trophy office properties his firm hasn’t got its hands on (yet, at least). Wheelock Street Capital and Brand Atlantic have put Banyan & Olive, their trophy office and retail property in the West Palm waterfront district, up for sale…

13th Floor Investments and Rockpoint Form JV, Secure $100M Construction Loan for Link at Boca in Boca Raton

A joint venture between 13th Floor Investments and Rockpoint has secured $100 million in construction financing from Santander Bank to develop Link at Boca, an eight-story transit-oriented multifamily project planned adjacent to the Boca Raton Tri-Rail Station in Boca Raton, Florida. Located at 680 West Yamato Road, the mixed-use development is being delivered…

13th Floor and Rockpoint Nab $100M to Build Transit-Oriented Rental in Boca Raton

13th Floor Investments and Rockpoint landed a $100 million construction loan for a transit-oriented multifamily project in Boca Raton, Fla., the joint venture announced. The financing from Santander Bank covers Link at Boca, an eight-story development to be built at 680 West Yamato Road, adjacent to the Boca Raton Tri-Rail station and just west of Interstate 95.

‘Mr. C Residences Boca Raton’ to Comprise 133 Luxury Units at 41 SE 4th Street in Boca Raton

Key International and Wexford Real Estate are proceeding with Mr. C Residences Boca Raton, the third of its kind under the Mr. C banner in Florida. The 12-story venture would comprise 133 luxury condos, ranging from two-bedroom to three-bedroom floorplans. They would measure about 1,520 to 2,869 square feet each, and there would be no short-term rentals permitted.

California to Florida: Quantum Computing Moves HQ to Boca Raton in 25K-SF Lease

D-Wave Quantum signed a 25,000-square-foot lease to move its headquarters from Silicon Valley to Boca Raton, Fla., where IBM developed the first personal computer decades ago. The quantum computing company will move from Palo Alto, Calif., into the Boca Raton Innovation Campus (BRiC) by the end of the year. The new office owned by landlords CP Group and DRA…

Stephen Ross Buying Out Condo Near Trump’s Mar-a-Lago in West Palm

Stephen Ross isn’t slowing down in West Palm Beach, Fla. The billionaire developer and owner of the Miami Dolphins NFL team is buying out a waterfront condo building near President Trump’s Mar-a-Lago compound, likely setting the stage for Ross’s next luxury condo. Ross’s firm, Related Ross, spent about $38 million to buy 44 units within the Southbridge condo…

Developers Propose Luxury 27-Story for 2001 N Flagler Drive in West Palm Beach

Related Group and BH Group, through their affiliate, 2001 N. Flagler Drive Owner LLC, want to transform a 0.78-acre site into a high-rise luxury tower. The proposed tower would measure 27 stories and comprise just over 480,000 square feet of new construction. It would feature 90 condos (with the average unit spanning 3,382 square feet) and eight lower-level…

Atlanta Fed President Bostic Discusses Recent FOMC Decision to Hold Rate Steady

The Federal Open Market Committee (FOMC) on January 28 paused a series of three consecutive rate cuts as Committee participants evaluate incoming information about inflation and employment. Atlanta Fed president Raphael Bostic indicated he supports the Committee’s decision, which maintains the target range for the federal funds rate at 3 1/2 to 3 3/4 percent. In 2025…

Navigating interest rate uncertainty

The Federal Open Market Committee (FOMC) kept the target range for the federal funds rate at 3.50% to 3.75% at its January meeting. Rates were lowered by 75 basis points in the second half of 2025, following 100 basis points of rate cuts in 2024 and a series of rate hikes in 2022 and 2023. The Fed has made clear its current stance on monetary policy makes it well…

Big Markets Still Seeing Apartment Demand in 4th Quarter

While net move-outs swept the U.S. apartment market at the end of 2025, a handful of large markets continued to see solid absorption volumes. The U.S. apartment market posted seasonal net move-outs in 4th quarter 2025, for the first time in three years. This shift followed a 3rd quarter absorption cooldown and points to a broader return to pre‑pandemic normalcy…

December CRE deal volume sinks further, but office is a surprising bright spot

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.

Camden CEO on why he’s seeing ‘huge’ investor demand for apartment buildings

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.

Q4 2025 U.S. Demand Overview: Industrial and Multifamily Slowed, Office Stabilized, Retail Held Steady

Lee & Associates’ 2025 Q4 North America Market Report looks at diverging market demand across industrial, office, retail and multifamily spaces nationwide in the last quarter. Demand continued to soften for industrial spaces, while multifamily saw a reversal: decreased demand after seven consecutive quarters of strengthening. Office saw a slow increase in net…

PMG, LNDMRK to Develop Wynwood Condo Project

PMG and LNDMRK Development will develop Frida Kahlo Residences, a 244-unit condominium project in Miami’s Wynwood Arts District. Carlos Ott, in collaboration with CUBE 3 Studio, will design the community, while Cotofana Designs will be in charge of the project’s interiors. The condo tower will feature fully furnished residences with studio, one-, two- and…

‘They’re Doubling Down’: Miami’s Newest Corporate Residents Hungry For More Office Space

While the trend of companies relocating to or opening offices in Miami has slowed, the businesses that have recently moved to the Magic City have hired more people, expanded their operations and gotten more confident in the city. “It was easy to hire people,” said Cushman & Wakefield broker Brian Gale, who represents some of the city’s premier buildings…

Wells Fargo Gives Up Naming Rights To Miami Skyscraper

One of Miami’s most prominent office towers will soon have a new name after its anchor tenant has dramatically shrunk its space in a shift to West Palm Beach. Wells Fargo & Co. relinquished the naming and signage rights to the 750K SF, 47-story Wells Fargo Center in Downtown Miami, Bisnow has learned. The San Francisco-based bank signed a deal with building owner…

Kobi Karp sues Joseph and Jonathan Chetrit over payment tied to $1B Miami River project

Miami architect Kobi Karp is taking New York developers Joseph Chetrit and Jonathan Chetrit to court over an alleged $660,800 debt tied to design work for a $1 billion Miami River megaproject that Adam Neumann’s Flow took over last year. Karp’s namesake firm sued the father-and-son duo and the entity that owns the 6.2-acre Miami River District development site…

Pebb, Jeff Sutton, Lane Capital join forces in $73M Miami Design District buy

Jeff Sutton is planting a flag in Miami’s Design District by teaming up with Pebb Capital and Lane Capital Partners to acquire a fully leased mixed-use building for $72.5 million. The joint venture, including Sutton’s New York-based Wharton Properties, acquired the seven-story Design 41 at 112 Northeast 41st Street in Miami’s high-end shopping district…

Terra, Russell Galbut sued over Five Park short-term guest suites in South Beach

A luxury penthouse buyer sued Terra and Russell Galbut alleging a bait-and-switch amenity offering at their 48-story Five Park condo tower in South Beach. Former hedge fund portfolio manager Jay Newman, as trustee for the Jay H. Newman trust, alleges the development entity failed to make short-term guest suites available for condo owners’ invitees, despite promising…

Bridgeton pays $68M for hotel near David Beckham’s Miami soccer stadium

Bridgeton Holdings is making a South Florida hospitality play by picking up a Miami hotel that stands to draw scores of soccer fans as guests in the coming years. An affiliate of New York-based Bridgeton, led by Atit Jariwala, paid $67.5 million for the Sheraton Miami Airport Hotel at 3900 Northwest 21st Street, records and real estate database Vizzda show. The deal…

PMG, Lndmrk launch Frida Kahlo-branded condos in Wynwood

PMG and Lndmrk Development are launching a Frida Kahlo-branded short-term rental-friendly condominium in Miami’s Wynwood, their latest partnership in the neighborhood. The likeness of the famed Mexican communist will decorate one of the luxury project’s facades, renderings show. The developers are planning the 244-unit Frida Kahlo Wynwood Residences for the 1-acre…

Nahla Capital sues seller of Raleigh Miami Beach over Peter Marino’s designs

Nahla Capital is suing the seller of the iconic Raleigh property in Miami Beach over a deal involving the use of Peter Marino’s designs. Nahla Raleigh LLC filed a complaint in New York against BSD Raleigh Trustee LLC last week. In October, BSD Raleigh, a trustee of the Raleigh Land Trust, sold the 3-acre oceanfront assemblage at 1775, 1757 and 1751 Collins Avenue to…

Lease roundup: Mary Lou’s coming to the W, Nude Miami to Brickell and Midorie to Fort Lauderdale

Mary Lou’s, a venue that combines supper club vibes with hedonism, will open in South Beach. Mary Lou’s Miami leased the former Wall nightclub space, which spans about 3,500 square feet, at the W South Beach hotel, according to the tenant’s news release. Mary Lou’s –– co-founded by Joe Cervasio, Topher Grubb and Alex Melillo –– is part of Mama…

Miami rejects “Yes in God’s backyard” zoning change for church redevelopment

The Miami City Commission voted down a proposal to allow affordable housing development on land zoned for religious institutions and other civic uses. Commissioner Ralph Rosado called it a “wasted opportunity in what is arguably the least affordable city in the United States of America,” at the Thursday meeting, the Miami Herald reported. Rosado proposed the…

Lawsuit accuses Shaya Boymelgreen of moving lender’s cut to Miami Beach project

Shaya Boymelgreen sold 100 vacant acres for $12.6 million in unincorporated southwest Miami-Dade County last year, but he failed to pay a loan guarantor $2.4 million from the profits, according to a recent lawsuit. Miami-based lawyer David Efron and his entity Norfe Krome sued Boymelgreen and his affiliate Deaderick SSB for breach of oral contract, negligent…

Fisher Island entities sue to stop Miami-Dade from seizing marine fuel depot

Miami-Dade County’s scramble to keep cruise ships fueled up at PortMiami is colliding with Fisher Island’s quest to wipe out the last industrial holdout in one of the country’s priciest ZIP codes, setting up a constitutional showdown over eminent domain and due process. Fisher Island Club and Fisher Island Community Association recently sued Miami-Dade to stop…

Brookstone, Cornerstone greenlighted for rental project in Little Havana

A Miami projects review board greenlit two apartment projects that will add nearly 730 units to the city. The urban development review board approved The Cornerstone Group and Brookstone Partners’ plan for 354 units in Little Havana, and Atlantic Pacific Companies’ 375 rentals in Overtown. The board only has the power to recommend approval, denial or design…

Miami-Dade approves massive industrial project outside UDB, partly on wetlands

A heavy equipment firm scored approval for its headquarters on more than 200 acres outside Miami-Dade County’s Urban Development Boundary, including paving over wetlands in a plan to develop a headquarters. County planning staff members opposed the proposal and recommended commissioners deny the application, which has riled environmentalists decrying the loss of…

Kolter pays $26M for condemned Miami Beach hotel as redevelopment play

Kolter Group bought a condemned waterfront hotel in Miami Beach for $26 million as part of a residential redevelopment play with an adjacent property. An affiliate of Delray Beach-based Kolter, led by Bobby Julien, acquired the 90-year-old Normandy Plaza Hotel at 6979 Collins Avenue, records and real estate database Vizzda show. Wells Fargo provided a $41 million…

Krea USA condo project adds to busy affordable for-sale pipeline in Overtown

Krea USA wants to build an affordable homeownership condominium in Miami’s Overtown neighborhood. Miami-based Krea USA’s proposal to build The Walker, a 55-unit project on a  five-parcel assemblage at 714-734 Northwest Fourth Avenue and 402 Northwest Eighth Street, is headed for approval by the Miami City Commission this week, the South Florida Business Journal…

Miami design board gushes over planned Design District condos, hotel

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

South Florida continues having the strongest job market in the Sunshine State

South Florida’s unemployment rate fell in December, down to 3.5% as Miami-Dade County continues to have the lowest jobless rate in the state. It also means South Florida has one of the lowest unemployment rates among largest metropolitan areas in the county. The region saw employment increase by almost 4,000 last month compared to November. Most of the work was…

Miami-Dade County Medical Office Report 25Q4

During the fourth quarter of 2025, Miami-Dade’s office market remained stable, largely due to a consistent flow of ongoing demand. Vacancy was unchanged from the previous quarter at 6.1%, as only 2,803 square feet of negative absorption accumulated by quarter-end. Concurrently, average asking rents moderated to $44.33 per square foot (PSF), signaling a phase of…

Miami’s Top Office Tower Pushes to Evict Failed Brazilian Bank Banco Master

Miami’s most exclusive office tower is trying to evict Banco Master SA over months of unpaid rent after the Brazilian financial firm imploded amid allegations of fraud. The building’s owner filed a complaint with the state circuit court in Miami-Dade County seeking to oust the bank from space it leased on two floors, saying it owed rent since September. Banco…

Does Terreno Realty’s Landfill-to-Logistics Strategy Reveal a Deeper Edge in Miami Industrial?

Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 30 best rare earth metal stocks of the very few that mine this essential strategic resource. For Terreno Realty, the big-picture belief is straightforward: you are…

‘The WELL Coconut Grove’ Breaks Ground at 2835 Tigertail Avenue

A multi-million-dollar project in Miami has finally broken ground after being in the works for nearly five years. The WELL Coconut Grove is set to measure eight stories above grade and feature 194 condos. The residences will span 960 to 4,200 square feet, with the cost of ownership starting at $1.5 million. At the time of publication, the South Florida Business…

MSC Group Opens North American Cruise Division Headquarters at Block 55 at Sawyer’s Walk in Downtown Miami

MSC Group’s Cruise Division has officially opened its new North American headquarters in Downtown Miami, completing a 130,000-square-foot office buildout that occupies the entire seventh floor of Block 55 at Sawyer’s Walk. The new headquarters consolidates more than 400 team members from across MSC Group entities into a single location, reinforcing the company’s…

‘Frida Kahlo Wynwood Residences’ Set for 2029 Completion at 119 NW 29th Street

Two developers want to proceed with a Frida Kahlo-inspired housing project in Miami’s Wynwood neighborhood. The proposed Frida Kahlo Wynwood Residences would comprise two twin towers measuring eight and 14 stories. Upon its anticipated 2029 release, the venture would yield 244 luxury residences, spanning studio to three-bedroom units. Homes would measure about…

Miami-Dade County solid waste plant specifics up for decisions

Commissioners are still pondering who will build a solid waste plant to replace Miami-Dade’s incinerator that burned out three years ago, where to put it and what kinds of waste it will handle. As two companies talk of partnering, they face a Feb. 10 commission workshop to clarify those issues. The cost of the project and its scope, as well as when the companies…

Miami, Allen Morris Company join forces to transform Kirk Munroe park

A $5 million package of upgrades is set to transform Kirk Munroe Park and Fuller Street in Coconut Grove, including new playgrounds, tennis court renovations, landscaping and decorative elements funded jointly by the city and the adjacent Ziggurat developer. The funding agreement was approved by the Miami City Commission on Jan. 22, allocating $3 million from the city…

Venezuela upheaval reverberates in Doral

Doral, which is home to the largest Venezuelan community in the nation, has experienced a slight shift in its residential real estate market following recent developments in Venezuela. With residences having long sold heavily to Venezuelans, more than 40% of the city’s residents are of Venezuelan origin. The U.S. captured Venezuela’s authoritarian president…

More than half of Kendall Parkway right of way assembled

A bid to cut driving time from West Kendall to downtown Miami by adding 14 miles to SR 836 is motoring ahead as 467 of the needed 919 acres of right of way for the Dolphin Expressway extension, also known as Kendall Parkway, have been acquired. The new multimodal transportation link from the end of the Dolphin Expressway to Southwest 136th Street is being developed by…

Does Terreno Realty’s Landfill-To-Logistics Strategy Signal A Deeper Competitive Edge In Miami Industrial?

Terreno Realty’s shares have performed well but still appear modestly undervalued—by roughly 7%—suggesting that while the landfill-to-logistics strategy adds credibility to the story, its long-term value will depend on consistent execution rather than any single completed building. The post Does Terreno Realty’s Landfill-To-Logistics Strategy Signal A Deeper…

‘Little River Plaza’ Breaks Ground at 7952 NE 3rd Avenue in Miami

Florida YIMBY has an update regarding an affordable housing development we covered in 2023. Our report shared that the Healthy Housing Foundation had proposed a 12-story community in Miami’s Little River neighborhood. On Friday, the project finally broke ground. Upon completion, Little River Plaza will feature 250 affordable housing units for residents earning up…

Newgard Group and Two Roads Development Top Off Condo Towers at One Brickell Riverfront

Construction has topped out at One Brickell Riverfront, a dual-tower condominium development rising at 99 SW Seventh Street in Miami’s Brickell neighborhood. Developed by Newgard Group and Two Roads Development, with construction led by G.T. McDonald, the project consists of two residential towers sharing a unified podium along the Miami River. LOFTY Brickell rises…

Allen Morris Co. Secures $132.5 Million Construction Loan From Bank OZK for Ponce Park in Coral Gables

Allen Morris Co. has secured a $132.5 million construction loan from Bank OZK for Ponce Park, an 11-story condominium development planned at 3000 Ponce de Leon Boulevard in Coral Gables. The financing supports the construction of the mixed-use project, which integrates residential units, ground-floor retail, and improvements to the adjacent Ponce Circle Park. The loan…

26-Story Residential Tower by David Chipperfield Planned for Miami Design District

Pritzker Prize-winning architect David Chipperfield is designing a 26-story residential tower for Miami’s Design District, marking the area’s first residential development. The project is planned for 39 NE 39th Street and will include 143 condominium residences and a hotel component. The building represents Chipperfield’s only active project in Florida. The…

Developer Proposes ‘Ocean Walk’ for 250 95th Street in Surfside

New York-based developer Florida Postal Holdings LLC has proposed a project with workforce housing in Surfside. Ocean Walk would comprise close to 80,000 square feet of new construction, measuring 11 stories above grade. In total, the venture would host 22 residences and 11 hotel rooms. Of the 22 homes, nine would be workforce housing, including seven studio…

Broward County Medical Office Report 25Q4

Broward County’s medical office market took a turn in Q4 2025 as total vacancy jumped to 12.2%, up from 8.6% the prior year. However, absorption reached positive 4,054 square feet, after six consecutive quarters of negative accumulation. At the same time, leasing activity reached 126,632 square feet in Q4, signifying robust demand. As a result, rent continued to…

Stephen Ross Buys Majority Of West Palm Beach Condo Building

Related Ross, led by billionaire and Miami Dolphins owner Stephen Ross, bought 71% of a 45-year-old condo complex in West Palm Beach. An entity tracing to the developer purchased 45 out of the 63 units for $38M, according to property records provided by Vizzda. That equates to about $844K per unit. Southbridge Condo, built in 1981, spans two three-story buildings…

Cipriani-branded condos in Boca Raton on deck for Key International, Wexford

Key International and Wexford Real Estate Investors are launching Mr. C Residences Boca Raton, the first branded project the city has seen in years. The firms are planning the 12-story, 133-unit development for the site at 41 Southeast 4th Street in Boca Raton, according to a news release. It marks the first branded condo project planned in the city in nearly a…

Michael Dell’s firm lends OKO, Cain another $55M for Palm Beach condos

Billionaire Michael Dell’s BDT & MSD Partners provided an additional $55 million loan to OKO Group and Cain International for their planned Palm Beach condos. The loan will fund the predevelopment phase of the three-building project planned for 2720 and 2730 South Ocean Boulevard in Palm Beach, a spokesperson confirmed. OKO and Cain bought the 4.9-acre site of the…

Sprouts-anchored center in Delray Beach sells for $30M as grocers drive investment demand

Pebb Enterprises and its partner sold a Sprouts-anchored Delray Beach shopping center for $30 million, amid heated demand for retail real estate with grocery stores. Boca Raton-based Pebb and Topvalco sold Delray Landing, at 5024-5070 West Atlantic Avenue, closing the deal on Thursday, according to a Pebb news release. Boca Raton-based Carlyle Management Group’s…

Steve Ross shells out $25M in West Palm Beach bulk condo buy

Billionaire developer and Miami Dolphins owner Steve Ross paid well above appraised values to gain control of more property in an aggressive buyout of a West Palm Beach waterfront condominium. An affiliate of Ross’ West Palm Beach-based Related Ross recently completed a $25.4 million bulk purchase of 27 units at the Southbridge condominium, a three-story complex at…

Palm Beach County Medical Office Report 25Q4

Palm Beach County’s medical office market rebounded for the second consecutive quarter in Q4, with vacancy falling to 6.7%, a drop of 50 basis points quarter-over-quarter. This was driven by positive absorption, which totaled 70,891 square feet during the quarter. At the same time, leasing activity totaled 116,533 square feet for the quarter, and a significant…

Public to Vote on ‘Boca One’ This March, Located at 201 West Palmetto Park Road in Boca Raton

After getting approval from the Boca Raton City Council, an expansive mixed-use venture is one step closer to becoming reality. The venture will go to a public vote in March. The proposed Boca One would comprise residential, retail, and office space, and it’s expected to generate at least $250 million annually for the city – more than $4 billion over the course…

Sugarloaf Lodge & Marina in Florida Keys hits market for $45M

A 10-acre-plus waterfront resort and marina in the Florida Keys that once hosted actor Paul Newman and gonzo journalist Hunter S. Thompson is listed for sale for $45 million, The Real Deal has learned. Sugarloaf Lodge & Marina, near mile marker 17, consists of 31 hotel rooms and commercial space. The site at 17001 Overseas Highway comes with development rights to…

Brightline’s business races against time and money as an analyst warns of default

Brightline trains can go as fast as 125 miles per hour on trips between South Florida and Orlando. That makes it one of the fastest passenger trains in the country. But it’s racing to boost its business fast enough to make its debt payments on time — and may be running out of track. “They’re just not getting enough people to get out of their cars and get onto the…

Apartment Supply Volumes Nationally Fall Below Historic Records

After hitting historically high levels for 10 consecutive quarters, U.S. apartment supply fell back into a more normal range in 4th quarter. Roughly 89,400 units wrapped up construction in 4th quarter 2025, marking the first time in 11 quarters that deliveries fell below the 100,000-unit mark. Quarterly completion volumes broke past 100,000 units in 2nd quarter 2023…

Why a niche category of CRE lending is suddenly seeing record 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.

Flex office firm Industrious is seeing major growth. Here’s what’s driving it

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.

U.S. Industrial Market Set to Pivot as Vacancy Stabilizes

The U.S. industrial market approached an inflection point in 2025 as vacancy stabilized at 7.3%, the construction pipeline contracted, and new supply dropped to its lowest level since 2017 to meet steady levels of demand. This shift to a rebalancing phase of the cycle signals a departure from the oversupplied environment of recent years and paves the way for a more…

Two Roads dealt another blow in Edgewater condo buyout saga

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

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

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

GWealth deepens Wynwood holdings with $25M portfolio buy

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

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

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

Miami design board gushes over planned Design District condos, hotel

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

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

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

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

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

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

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

Crescent Heights taps Live Local for towering Edgewater vision

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

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

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

Pebb Capital sues Miami Beach to enforce Live Local Act

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

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

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

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

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

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

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

Allen Morris Lands $133M Financing for Coral Gables Project

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

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

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

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

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

4Q25 Miami-Dade County Retail Market Report

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

4Q25 Miami-Dade County Office Market Report

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

4Q25 Miami-Dade County Industrial Market Report

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

Doral Launches 2026 Façade Improvement Program to Revitalize Local Businesses

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

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

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

Terreno Realty Delivers 164,000 SF Industrial Facility in Hialeah

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

Board would aim to upgrade reputation of Miami International Airport

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

Miami Beach finds a path to lure new businesses

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

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

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

Pinnacle senior housing funded along transitway in south Miami-Dade

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

4Q25 Broward County Retail Market Report

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

4Q25 Broward County Office Market Report

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

4Q25 Broward County Industrial Market Report

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

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

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

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

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

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

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

Sinatra townhome project joins busy Riviera Beach pipeline

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

Woerner wins over town of Palm Beach with Paramount Theatre revisions

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

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

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

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

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

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

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

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

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

4Q25 Palm Beach County Retail Market Report

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

4Q25 Palm Beach County Office Market Report

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

4Q25 Palm Beach County Industrial Market Report

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

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

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

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

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

How a government shutdown impacts multifamily

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

Weak Labor Market Impacts Forecast

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

Commercial real estate deal-making slows again in November

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

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

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

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

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

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

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

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

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

Lone Star Acquires Coral Gables Office Complex

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

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

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

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

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

Billionaire Google co-founders descend on Miami

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

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

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

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

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

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

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

Lease roundup: Miami omakase counter, other restaurants

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

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

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

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

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

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

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

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

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

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

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

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

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

Pinnacle Lands Construction Financing for South Miami Heights Senior Housing

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

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

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

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

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

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

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

Rent Discounts Drive Rebound In Miami Office Leasing

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

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

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

Law Firm Sheds Brickell Office For Smaller Downtown Miami Space

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

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

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

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

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

Miami pledge fuels Black History Museum on Virginia Key

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

Miami examines its bond borrowing capacity for big projects

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

Economists rate Miami thumbs-up for its performance

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

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

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

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

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

A New Manager for the City of Miami

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

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

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

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

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

Pompano Beach apartment complex trades for $41M

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

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

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

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

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

Kolter completes Selene in Fort Lauderdale with $425M sales

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

Rockpoint JV to Develop 452-Unit Sunrise Community

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

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

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

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

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

Meritage brings townhome plans to growing Wellington area

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

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

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

Hyperion scores more public subsidies for delayed Boynton Beach project

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

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

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

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

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

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

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

Real estate rallies behind West Palm Beach mayoral frontrunner

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

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

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

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

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

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

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

The Generational Shift In Storage

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

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

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

Real Assets in Focus: Trends to Watch for 2026

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

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

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

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

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

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

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

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

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

Power Constraints, Market Forces and Emerging Technologies

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

South Florida real estate’s biggest stories of 2025

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

Rilea Group Lands $150M for Wynwood Development

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

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

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

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

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

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

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

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

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

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

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

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

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

Miami may hand Tower Theater operation to Miami Dade College

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

Miami looks at canceling Watson Island land deal

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

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

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

Bridge to link FIU and Sweetwater due early in 2027

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

CenterPoint Pays $125M for Pompano Beach Industrial Campus

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Power Becomes the New Site Selector in Logistics Real Estate

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

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

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

Trilogy scores $82M construction loan for Edgewater apartments

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

All The Records South Florida CRE Broke In 2025

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

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

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

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

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

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

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

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

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

Metro Express aids commutes but snarls Homestead traffic

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

Analysis finds $286 million Orange Bowl South Florida impact

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

Micro units featured in 1,011-unit Brickell tower

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

How Florida lawmakers plan to attack property taxes next year

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

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

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

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

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

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

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

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

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

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

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

The Fed on tracking recent financial market conditions

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

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

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

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

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

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

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

Neology, Rubell Family Join Forces For Huge Allapattah Residential Project

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

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

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

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

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

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

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

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

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

Wellness wave drives top South Florida retail leases of 2025

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

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

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

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

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

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

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

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

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

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

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

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

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

Grant Cardone tops South Florida’s multifamily deals of 2025

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

Trump presidential library cleared for downtown Miami land deal

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

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

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

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

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

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

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

JV Lands $250M Loan for Multifamily Brickell Development

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

Focus JV Lines Up $250M for Miami Development

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

Proposed development could impact fuel depot at PortMiami

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

All The Records South Florida CRE Broke In 2025

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Miami police and fire headquarters ticketed for Freedom Park

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

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

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

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

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

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

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

Miguel Gabela: Commissioner targets Miami Freedom Park’s development

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Camaco pursues waterfront resi high-rise in booming Fort Lauderdale

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

2025 Industrial Sales Climb Ahead of Year-End Nationally

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

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

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

Most US Apartment Rental Markets Just Got Hotter

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

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

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

Billions Of Square Feet, Untapped: Inside Flexible Warehouse Leases

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