TA Realty Buys Back Miami Warehouse Campus for $48M

TA Realty bought back an industrial park near Miami International Airport, paying $47.6 million, property records show. Called Webster Business Park, the 178,521-square-foot property includes four buildings at 7200 Northwest 25th Street, sandwiched between Palmetto Expressway and the Miami airport. The 7.8-acre campus was built in the 1970s.  The transaction equates…

Boston firm snags Miami airport warehouse park for $47.6M

TA Realty acquired Webster Business Park just west of Miami International Airport for $47.6 million. MP Webster Park LLC, an affiliate of Boston-based AEW Capital Management, sold 178,521 square feet of warehouse space in four buildings at 7200 N.W. 25th St. to TA Webster Park LLC, care of Boston-based TA Realty. Property data firm Vizzda confirmed the parties in the…

Miami outpaces FIFA host cities in bookings

Miami appears to be outperforming most U.S. host cities ahead of the 2026 FIFA World Cup, even as a new hotel industry report warns anticipated tourism demand has not translated into the booking surge many operators expected. The American Hotel & Lodging Association’s FIFA World Cup 2026 Hotel Outlook found about 55% of surveyed Miami hoteliers reported booking pace…

Pura Vida shifts HQ to Miami’s Wynwood

Pura Vida Miami has relocated its headquarters to Miami’s Wynwood neighborhood from Miami Beach, with additional plans to open its first restaurant in the arts district. For its corporate office, the all-day fast-casual café and restaurant chain signed a long-term lease for 26,982 square feet in The Gateway at Wynwood, at 2916 N. Miami Ave. Move-in was in December.

McKinsey bullish on Florida, expanding offices including Miami

McKinsey & Co. plans to grow its office in Miami’s financial district, as the management consultancy plots a major expansion across Florida. The New York-based firm signed a long-term lease for 22,417 square feet of space in the 701 Brickell building, at 701 Brickell Ave. Move-in is slated for May 2027. Financial details weren’t disclosed. McKinsey currently…

Miami-Dade truck stop sold for $24M

A Las Vegas-based company acquired a Mobil-branded truck stop in Medley for $23.5 million and will rebrand it. South Florida Truck Stop Inc., managed by Rick Gonzalez, sold the 4.75-acre site at 12200 N.W. South River Drive to LV Petroleum. Fausto Commercial’s Bobby Berrido and Markos Bertolotti brokered the deal. The property currently has a 7,349-square-foot…

Playboy expands planned Miami Beach headquarters

Playboy has signed additional lease agreements that, among other changes, expand the square footage of the famed lifestyle brand’s planned Miami Beach headquarters. The company (Nasdaq: PLBY) inked an additional lease with landlord Rivani to take 5,696 square feet of space in The Rivani, at 1691 Michigan Ave., according to a copy of the agreement attached to a May…

Top 5 Office Transactions in Miami

Miami’s office transaction activity rebounded through the first three months of 2026, Yardi Matrix data shows. The metro stood out among the top U.S. office markets for pricing, while its total dollar volume ranked second nationwide. Investors traded $892 million in office assets through the first quarter. Activity exceeded the softer pace recorded at the end of…

Miami Wealth Surge Reshapes Real Estate Amid Population Loss

Miami’s wealth boom is reshaping its commercial real estate landscape in ways that are both powerful and uneven, underscoring a growing reality across U.S. markets: who is moving in matters as much as how many people arrive. The region has seen a surge of high-net-worth households over the past decade, accelerating during the pandemic as affluent buyers relocated from…

Affordable Housing ‘Lost In Conversation’ Of Miami’s Wealth Boom, Officials Say

The Sunshine State has become the safe haven for billionaires fleeing from proposed wealth taxes, but as Miami welcomes the influx of the ultra-wealthy and their companies, current residents are struggling to keep up with rising costs and rents. The population in Miami-Dade County has started to shrink as a result, reinforcing the need for the area to add more…

WeWork Maintains Strong Momentum Amid Miami’s Ongoing Office Market Boom

The U.S. office market kicked off 2026 showing signs of recovery, and Miami continues to be one of the cities with noticeable office demand. After a positive 2025, office leasing activity in Miami approached 1M SF in Q1 2026, accompanied by nearly 100K SF of positive absorption. WeWork Vice President of Sales Nick DeMarinis, who has spent seven years at WeWork…

Yardi: Miami Has The Nation’s Tightest Office Market

Concerns about artificial intelligence’s impact on office work has yet to reach the Magic City. Miami’s vacancy rate fell from 15.7% in early 2025 to 12.5% as of April 2026,  the lowest among the top 25 metros, according to a Yardi Matrix report. The city’s vacancy rate is well below the national average of 17.6%, and the only other markets that are close to as…

Boucher Brothers, city of Miami Beach finalize $3M settlement with Nikki Beach operator

A juicy lawsuit against the city of Miami Beach and Boucher Group over the redevelopment of a city-owned beachfront ended in a $3 million settlement, payable to the owner of Nikki Beach. Boucher agreed to pay $1.5 million to Penrod Brothers to settle the lawsuit. The city agreed to pay $1.5 million, but Boucher will pay Penrod that amount directly, over time, in lieu…

Nahla’s Raleigh Miami Beach expansion plan heads to city commission vote

The multibillion-dollar private equity firm Nahla Capital is seeking approval of a plan to expand the Raleigh Miami Beach redevelopment. New York-based Nahla, led by managing principal Genghis Hadi, will go before the Miami Beach Planning Board on June 2 for comprehensive plan and code amendments allowing the developer to increase the floor area ratio to 2.5 from 2.0…

Developer Files Pre-Application For 162-Acre Mixed-Use Project Near Miami Gardens

A pre-application has been filed with Miami-Dade County for a large-scale mixed-use redevelopment spanning approximately 162 acres at 20000 NW 47 Avenue Street near Miami Gardens. The proposal, titled “Landmark” in planning documents, was filed on May 26, 2026 by Landmark QOZB Construction, LLC, an entity managed by Juan Carlos Mas of Coral Gables-based MASAJP.

The Standard Residences, Midtown Miami Pays Off $45 Million Construction Loan Ahead Of Opening

The Standard Residences, Midtown Miami has paid off its $45,045,000 construction loan from Bank OZK as the 12-story condominium at 3100 NE 1st Avenue approaches opening in Midtown Miami. Designed by Arquitectonica and developed by Rosso Development, Hyatt, and Midtown Development, the project yields 228-units featuring interiors by Urban Robot in collaboration with…

New residential tower due on north edge of downtown Miami

The heart of the City of Miami has been transformed by substantial urban growth, with Miami Worldcenter bringing new life to the core downtown area. And now, a neighboring high-profile site is destined to become home to a luxury tower offering a wide array of mixed uses. Last week a team of development partners announced the launch of Palm Tree Residences…

Administrative Site Plan Review Filed For Amani Residences Affordable Townhome Development In Miami’s Model City Neighborhood

Administrative Site Plan Review has been filed for Amani Residences, a proposed affordable and workforce housing development at 2301 NW 54th Street in Miami’s Model City neighborhood. The proposal calls for three two-story multifamily townhouse buildings containing 25 income-restricted rental units across a 1.23-acre site. The development is being advanced by…

FAA Filings Submitted For 695-Foot Tower At 20 NE 8th Street In Downtown Miami

FAA filings have been submitted for a 695-foot-tall tower at 20 NE 8th Street on Block E within the Miami Worldcenter complex in Downtown Miami. Designed by Nichols Architects and developed by New York City-based Lalezarian Properties, the structure appears to correspond with Phase 2B of Miami World Towers, a future phase planned for the south-central portion of the…

Madison Realty Capital Originates $91.8M Construction Loan for Multifamily Project in South Miami

SOUTH MIAMI, FLA. — Madison Realty Capital has originated a $91.8 million construction loan for the development of Alta Sunset, a 314-unit apartment complex located in South Miami. Henry Bodek of Galaxy Capital arranged the financing on behalf of the borrower, Alta Developers. Situated adjacent to Larkin Community Hospital and Baptist Health South Florida, Alta…

Construction Starts on 96-Unit ‘Citadelle Village’ at 181 NE 82nd Street in Miami

Construction has started on a long-awaited affordable housing project in Miami. Citadelle Village is set to measure 10 stories above grade and feature 96 apartments, along with some commercial and office space. Residency will be primarily reserved for households earning up to 80 percent of the area median income (AMI), although some homes are reserved for…

Miami Quietly Approves $1 Million Baseball Stadium Spending Amid $47 Million Budget Expansion

A last-minute substitution memo revealed previously undisclosed spending tied to LoanDepot Park, along with dozens of new city positions and expanded budget powers for City Manager James Reyes — all approved without discussion by the City Commission. A $47 million midyear spending increase approved last week by the Miami City Commission will include $1 million for…

“Calculated scheme”: Brickell Key condo owners sue Swire over $32M seawall and baywalk assessment

Brickell Key condo owners are accusing developer Swire Properties of scheming to illegally saddle them with the financial burden for seawall replacement on the triangular island off Miami’s Brickell, according to a lawsuit. Five residential condo associations sued Miami-based Swire over its $32.3 million assessment, including to repair and re-build the island’s…

New Allapattah soccer fields sought as World Cup matches arriving

Two abandoned Allapattah properties could soon be transformed into soccer fields that double as community service hubs under a plan calling for immediate activation timed to coincide with the 2026 FIFA World Cup this summer, kicking off a larger phased redevelopment connecting sports, education, food assistance and affordable housing. A $500,000 funding request from…

Robert Finvarb launches short-term rental condo project in North Beach

Robert Finvarb Companies is the latest developer to zero in on North Beach and join the flexible ownership condo craze, The Real Deal has learned. The Aventura-based firm, led by CEO Robert Finvarb, is launching sales of NoBe Parc Miami Beach, a 15-story, 232-unit short-term rental-friendly condo building planned for the site at 7140 Abbott Avenue in Miami Beach…

Mast Capital sells Sunny Isles hotel to South Street for $20M-plus

The resort portion of an oceanfront condo-hotel in Sunny Isles Beach is under new ownership after Mast Capital sold it to a real estate private equity firm. Miami-based Mast Capital, led by CEO Camilo Miguel Jr., sold the 249-key Solé Miami, a Noble House Resort, to South Street Partners for between $20 million and $25 million, according to a source familiar with the…

Despite Coconut Grove Carve-Out, Density Transfer Program Set to Expand

The Miami City Commission will vote Thursday on a final version of a controversial proposal to vastly expand a program that allows developers to transfer housing density from affordable housing projects to market-rate and luxury developments elsewhere in the city — even as Coconut Grove itself would be carved out from some of the program’s reach. Under the…

MMG Plans to Develop 35,810 SF Retail Center at Kendall Town Center in West Kendall

MMG Equity Partners is under contract to acquire a 5.1-acre site within Kendall Town Center, a 70-acre master-planned community in West Kendall. The project, called The Shops at Kendall Town Center, will feature 35,810 square feet of restaurants and shops and 4,321 square feet of outdoor terrace space. The developer has submitted plans to Miami-Dade County and is…

Dutch Investor Pays $110M For New Rental in Aventura, Fla.

Dutch investor Breevest has paid $110 million for a new multifamily asset near the Aventura Mall in Florida’s Miami-Dade County, property records show. Called Avida Aventura, the eight-story property houses 266 apartments at 19401 West Dixie Highway, facing Biscayne Boulevard and across the street from the 1.8 million-square-foot indoor mall. The transaction equates…

Report: South Florida one of the world’s fastest-growing startup hubs

South Florida is one of the fastest-rising startup ecosystems in the world, according to a new report from StartupBlink. The region came in at No. 22 globally in the research platform’s Global Startup Ecosystem 2026, a ranking of more than 1,500 cities and 100 countries. The Miami metro-area shot up six spots on the list since last year, meaning its startup ecosystem…

South Florida by the numbers: Condo buyout bonanza

“South Florida by the numbers” is a web feature that catalogues the most notable, quirky and surprising real estate statistics. Exactly one year ago, this column highlighted the trend of developer condo buyouts propelled in part by condo safety legislation. The uptick in developers bulk purchasing condos from burdened owners in outdated buildings produced more of…

Developer could rezone Hollywood site for office building

A developer could rezone a Hollywood property in order to construct a six-story office building. The city’s Planning and Development Board will consider the rezoning and site plan applications from BSD 23 Development LLC, managed by Avihu Nahari in Aventura, on June 9. It concerns the 0.94-acre site at 2910 Polk Street, which the developer acquired for $2.5 million…

Related Group taps Live Local for Hollywood beachfront project, sidestepping county land-use ruling

Related Group advanced a revised plan to build Portofino Hollywood, a beachfront residential development, after adding workforce housing to qualify the development for expedited approval under the state’ Live Local Act. The Hollywood City Commission voted 5-2 Wednesday to amend the city’s development agreement with Related, allowing the Miami-based company to drop…

“We cannot fall so far behind”: Controversial 5-story Fort Lauderdale jewelry store project sails past approval

A proposal for a five-story high-end jewelry store project that’s exposed downtown Fort Lauderdale’s growing pains sailed past approval. Fort Lauderdale commissioners on Tuesday unanimously approved a rezoning and site plan for Weston Jewelers’ planned Arquitectonica-designed glass and wood panel building on Las Olas Boulevard, after more than two hours of…

FAA Determinations Issued For Eight 342-Foot-Tall Towers At The Galleria Redevelopment In Fort Lauderdale

FAA determinations have been issued for eight proposed high-rise towers associated with the planned redevelopment of The Galleria at Fort Lauderdale. The filings, issued on May 13, 2026 to FLL GALLERIA VENTURE, LLC and addressed to Ron Tencer of InSite Group, list eight structures labeled B1 through B8, each rising 342 feet above ground level, or approximately 350…

Construction Complete on 10-Story, 40-Unit Condominium Building at 305 Briny Avenue in Pompano Beach

Construction is complete on Salato Pompano Beach, a 10-story condominium development at 305 Briny Avenue in Pompano Beach. Designed by Randall Stofft Architects and developed by U.S. Development, the oceanfront project yields 40 residences and features interiors by Interiors by Steven G. Residences at Salato range from 2,106 to 3,354 square feet and feature expansive…

Penn-Florida sets stage for Mandarin Oriental Boca Raton hotel dev site auction

Penn-Florida Companies has set the stage for an auction of its Mandarin Oriental hotel development site in Boca Raton, though it’s still angling for a recapitalization or refinancing. Boca Raton-based Penn-Florida’s affiliate filed proposed bid procedures this week for its 1-acre site where the 12-story, 164-key Mandarin Oriental is under construction, the South…

294-Unit ‘Nuvo Midtown Boca’ Breaks Ground at 1850 N. Military Trail in Boca Raton

Construction has started on a community with affordable housing in Boca Raton. The Nuvo Midtown Boca apartments is set to measure six stories above grade and feature 294 homes. Fifteen percent of those units (about 44) will be designated as workforce housing, reserved for households earning up to 120 percent of the area median income (AMI). The amount of…

Publix rings up discounted shopping center near Boynton Beach for $78M

Publix bagged a shopping center near Boynton Beach for $78 million, as part of the grocer’s spree of buying retail plazas anchored by its supermarkets. Lakeland-based Publix bought the Fountains of Boynton at 6627 Boynton Beach Boulevard in unincorporated Palm Beach County from an entity tied to Union Investment Real Estate and Bolder Group, according to records and…

Publix Buys Boynton Beach Retail Center

Publix has bought yet another retail center in South Florida. The grocer paid $78 million for a 178,726-square-foot, open-air property, where it’s the main tenant, west of Boynton Beach, Fla., property records show. Called Fountains of Boynton Shopping Center, the 21-acre property sits adjacent to South Jog Road, at 6661 Boynton Beach Boulevard. Publix’s…

Former West Palm Beach bowling alley could be demolished for private membership club

A former bowling alley in West Palm Beach could be demolished to build a high-end storage facility and membership club. PB Vaults Development LLC, an affiliate of Miami-based Newgard Group, has the 2.63-acre site at 2500 N. Florida Mango Road under contract from Thousand Oaks, California-based 2500 N Florida Mango LLC. It currently has a 29,790-square-foot building…

West Palm Beach pub targeted in $4.8M foreclosure lawsuit

The home of Roxy’s Pub on Clematis Street in West Palm Beach could be seized in a $4.82 million foreclosure lawsuit. NBL SPV IV LLC, part of Newtek Business Lending, filed a foreclosure complaint May 14 against Von Esselborn Inc., along with guarantors John P. Webb, RP Palm Beach LLC (doing business as Roxy’s Pub), Small Time Restaurant Group LLC and Wallisville…

Auto Condo ‘Palm Beach Auto Haus’ Planned for 2500 N Florida Mango Road in West Palm Beach

A 2.6-acre site is slated for an “auto condo” in West Palm Beach. Palm Beach Auto Haus will measure two stories and feature 20 private car storage units. Each unit will come outfitted with private mezzanines, high-end finishings, and state-of-the-art security systems. In addition to offering secure storage space for ultra-luxury vehicles, members will have…

Seller avoids taxes on $100M+ sale of Palm Beach Gardens retail center

The sale of the Legacy Place open-air retail center in Palm Beach Gardens did not involve a deed, which allowed the seller to avoid paying a significant amount in state taxes. On May 14, it was announced that Dallas-based Lone Star Funds sold the 419,936-square-foot Legacy Place retail center at 11315 Legacy Ave. to a partnership between Elmsford, New York-based DLC…

Lone Star Funds Sells Open-Air Mall in Palm Beach Gardens

DLC Management and Principal Asset Management bought an open-air shopping center in Palm Beach Gardens, Fla., the joint venture announced. The sale price was likely north of $114 million. Called Legacy Place, the 419,936-square-foot property is 94 percent leased to tenants that include Barnes & Noble, The Container Store, Jos. A Bank, Capital Grille, Petco…

Forest Development wins bid to build at Riviera Beach’s Marina Village

Peter Baytarian’s Forest Development beat out rivals The Related Group and Sonnenblick Development for a shot to develop 12 acres of Riviera Beach-owned waterfront. Riviera Beach city council members voted to give Forest Development a chance to build its proposed $556.1 million phased development at Marina Village, an 80-acre assemblage that city officials have been…

“Subpar construction”: Amrit Ocean Resort owners sue developer, construction team over alleged defects at Riviera Beach property

Less than two weeks after the developer of Amrit Ocean Resort turned over control of the condo association to the unit owners, a rain event exposed what the association alleges are pervasive construction failures across the building. In a lawsuit filed last week in Palm Beach County Circuit Court, the condo association for the beachfront tower sued the developer…

Riviera Beach delays vote on impact fee hike after Gold Coast Builders challenge

Riviera Beach officials want a sit-down with the Gold Coast Builders Association before voting on whether to increase development impact fees by 300 percent or more after members suggested the fees would be illegal. The Riviera Beach City Council deferred the vote until city staff has time to meet with the builders association, which represents developers active in…

Related Group scores rezoning for 20-story apartments in busy Riviera Beach

The Related Group and its partners scored zoning approval Wednesday to develop 418 apartments at Marina Village in Riviera Beach. The Riviera Beach City Council approved the zoning change in a 3-to-2 vote, bringing Related Urban Development Group, BH Group and Tezral Partners one step closer toward building Gallery at Marina Village, a 531,000-square-foot project at…

How Significant Is the Backlash Against Data Centers?

There’s a growing pushback against AI-driven data center development across the U.S. as local, state and federal government officials grapple with concerns raised by residents about potential electricity rate increases, water shortages, expensive tax breaks, noise and air pollution problems. The backlash has resulted in a slew of enacted and proposed building…

AI-Driven Workforce Shifts Reshape Office Demand

AI adoption could significantly reshape the U.S. workforce across multiple sectors, altering office demand in the process, according to the latest Yardi Matrix national office report. There are three main scenarios that could emerge for workers. In the first, AI replaces large portions of office workers, reducing employment demand. In the second, firms improve…

Coworking Growth Continues Across US

Coworking operators continued expanding their footprint nationwide, with the sector reaching 165.6 million square feet across 9,254 locations as of April, according to CoworkingCafe. Flexible workspace now represents 2.3 percent of the country’s total leasable office inventory, while major providers continued consolidating market share through ongoing growth…

Will Private Markets Pass the Test?

After 15 years of near-uninterrupted growth, private markets are facing something they haven’t faced before: a real test. From the sidelines of the inaugural MSCI Private Assets Summit, we bring you candid conversations with leaders across private credit, private equity and real estate about what’s driving stress across the asset class and what it will take for…

Florida sees drop in first quarter tourism

TALLAHASSEE — Florida attracted slightly fewer tourists in the first quarter than during the same period last year, data from the state’s tourism marketing agency released Tuesday show. Visit Florida reported an estimated 39.89 million people journeyed to the state between January 1 and March 31, down 1% from the first quarter of 2025. Florida’s figures remain…

How Much are Multifamily Starts Increasing?

According to the latest data release from the U.S. Census Bureau and the Department of Housing and Urban Development, the seasonally adjusted annual rate (SAAR) for multifamily starts increased 14.3% from March to April and 23.3% from the annual rate last April to 529,000 units. But seasonally adjusting and annualizing a monthly figure based on a survey of builders in…

What the AvalonBay, Equity Residential megamerger means for the apartment industry and rents

The biggest ever merger of real estate investment trusts — the combination of Equity Residential and AvalonBay, announced Thursday — has investors and analysts alike left with dropped jaws. The all-stock merger will have a market capitalization of about $52 billion and a total enterprise value of approximately $69 billion, according to a release. It will create…

The Fed on benchmark borrowing costs – a close look into the 10-year Treasury yield

The takeaway The market value of US Treasury securities is considered a benchmark for setting other borrowing costs, such as mortgages. It’s considered a benchmark because the US government has not failed to make good on its Treasury debt obligations. So it serves as a baseline for determining the value of other types of securities with higher default…

“Perception becomes reality”: Miami-Dade office rents enter new era at over $200 psf

When the pandemic-era influx of new-to-market tenants began, news spread that office rents reached and surpassed $100 per square foot in Miami-Dade County, a record at the time. What was a record is now more the norm for prime buildings –– and new benchmarks are being set: Landlords are signing deals at well over $150 a foot and some are surpassing $200 a foot…

Apartment complex on Biscayne Bay in Miami-Dade sold for $151M

The Biscayne Shores apartments along Biscayne Bay in Miami-Dade County was sold for $151.38 million, according to the buyer. Biscayne Shores Ventures, part of Miami-based Integra Investments, Andrew Korge of Korgeous Group and David Larson of DCL Capital, sold the 380 apartments at 11295 Biscayne Blvd. The buyer was CF Biscayne Multifamily DST, a partnership between…

Kygo’s Music Festival Company Latest Brand To Adorn Miami Condos

Superstar DJ and record producer Kygo is the latest celebrity to lend his imprint to luxury Miami real estate. Kygo and his manager, Myles Shear, the founders of Palm Tree Crew and creators of the Palm Tree Music Festival, are partnering with developers Property Markets Group, Lion Development, Eden Residential and Sterling Equities on Palm Tree Residences Miami, a…

OKO plans 53-story tower at epicenter of Miami condo boom

Billionaire Vlad Doronin’s OKO Group is planning a 53-story waterfront condo project in Miami’s Edgewater, adjacent to the Missoni Baia tower it completed in 2024. OKO’s planned Lilli condos are slated for the half-acre site at 717 Northeast 27th Street, according to Florida YIMBY. The Adrian Smith + Gordon Gill Architecture-designed project is set to have 117…

“Underhanded”: Michael Stern’s JDS sues lender back over foreclosure of Mercedes-Benz site in downtown Miami

Michael Stern’s JDS Development Group is fighting back against its lender, Cottonwood Management, weeks after Cottonwood sued to foreclose on the Mercedes-Benz Brickell condo site. The site is home to the partially built yet stalled Mercedes-Benz Places, a nearly 800-unit, two-tower development in Miami’s Brickell. In 2020, Atalaya provided a $43 million loan…

Judge tosses condo owners’ suit against Fontainebleau Miami Beach over short-term rentals rules

A judge tossed a lawsuit filed by condo owners at the Fontainebleau Miami Beach over short-term rental rules. Judge Peter R. Lopez determined a group of unit owners at the two condo buildings at the Fontainebleau resort have no standing to sue, according to Law.com. Although Lopez didn’t explicitly say so, the decision may have stemmed from the condo associations’…

Which Miami-Dade office buildings are setting records? We mapped them

South Florida office buildings are setting rent records –– but with an only-in-Miami twist. The majority of Miami-Dade County buildings scoring the new rate highs aren’t the typical corporate towers that usually drive records. Instead, much of the focus is on smaller projects, usually five or six stories, with sleek designs and high-end amenities. Descriptors…

PMG, partners launch Palm Tree-branded Miami condo project

PMG, Lion Development Group, Eden Residential and Sterling Equities have partnered to launch a short-term rental-friendly condo project in Miami. It marks the first ever branded residence for Palm Tree Crew, the music festival purveyor led by the DJ Kygo and his manager, Myles Shear. The planned Palm Tree Residences Miami is slated for the site at 31 Northwest 10th…

South Florida Dirt: In Brickell, Michael Stern fights foreclosure. In Miami Beach, his proposed tower moves on without him

Two of Michael Stern’s marquee projects are moving forward in different ways: one with him, and one without him. A year ago, the JDS Development Group founder was working on three ambitious projects in South Florida: Mercedes-Benz Places, a nearly 800-unit, two-tower development under construction in Brickell; the redevelopment of 1250 West Avenue into a tall and…

Miamians sue to stop Trump presidential library in downtown Miami, again

A group of Miami residents has sued to stop Trump’s presidential library in downtown Miami, marking the second legal battle against the project, only this time they’re alleging the land transfer is unconstitutional. Two Miamians, led by the Constitutional Accountability Center and Miami-based law firm Gelber Schachter & Greenberg, who live near the development…

Miami Beach board greenlights plans for Terra, partners’ bayfront condo tower

David Martin’s Terra and its partners secured unanimous approval from Miami Beach’s Design Review Board for a 330-foot-tall tower in South Beach that developer Michael Stern got the city commission to upzone last summer. The future luxury tower at 1250 West Avenue will replace a 15-story, 238-unit condo building constructed in 1964 that Terra and Stern acquired…

Palm Tree Residences Miami Announced For Downtown Miami’s Park West District

Palm Tree Residences Miami has been announced for Downtown Miami’s Park West district at 1018 North Miami Avenue as the first residential development branded by Palm Tree Crew. The 37-story tower is being developed by Property Markets Group, Lion Development Group, EDEN Residential, and Sterling Equities in partnership with Palm Tree Crew, with design by Kobi Karp…

Keystone Holdings Increases Number of Residences for ‘Keystone Midway’ at 190 NW 79th Street in Miami

Developer Keystone Holdings has slightly increased the number of residences for its evolving project in Miami’s Fontainebleau neighborhood. Previously, Florida YIMBY shared that Keystone Midway was slated to comprise 477 residences in 15 stories. Now, the developer wants to increase the residences by 2.5 percent, bringing the total number of luxury homes to…

Miami mental health center OK sidetracked for a Jackson Health review

The Miami Center for Mental Health and Recovery, which is completed and long has awaited an opening, took another twist Tuesday when county commission Chairman Anthony Rodriguez moved to direct the county’s Jackson Health System to study the project’s soundness. His motion directed Mayor Daniella Levine Cava to provide Jackson with all proposals and supporting…

New traffic patterns set in downtown Miami Signature Bridge project

Work has resumed on major portions of the sprawling construction project to reshape and rebuild I-395 and connecting routes over the Miami River and snaking through Downtown Miami, reports the Florida Department of Transportation (FDOT). The agency reports progress on the massive I-395/SR 836/I-95 Design-Build Project. This ambitious undertaking is the product…

Miami Beach DRB Unanimously Approves 330-Foot Waterfront Tower At 1250 West Avenue In South Beach

The Miami Beach Design Review Board has unanimously approved plans for a 330-foot waterfront condominium tower at 1250 West Avenue in South Beach. Designed by Hollywood-based ODP Architecture and Design and developed by Terra in partnership with RG Development Group and GV Development, the project is planned to replace the existing 15-story, 238-unit condominium…

CFAM, RPM Living Acquire 380-Unit Waterfront Multifamily Community in North Miami

NORTH MIAMI, FLA. — A joint venture between affiliates of Cantor Fitzgerald Asset Management (CFAM), the investment and asset management division of Cantor Fitzgerald, and RPM Living, have acquired Biscayne Shores, a 380-unit waterfront multifamily community located in North Miami. Miami-based Integra Investments, in partnership with Andrew Korge of Korgeous Group…

Edition Residences condo buyers sue Two Roads over stalled Edgewater project

Three buyers are suing Two Roads Development to recover their deposits from the planned Edition Residences in Miami’s Edgewater, where holdout owners of the existing Biscayne 21 building have worked for years to block redevelopment. The buyers, Armando Lozano Ojeda, Alejandro Garcia and Patricia Zavala, entered into contracts to purchase five units at the Edition…

How One Woman Keeps Wynwood’s Artistic Heart Beating With Developers Rushing In

Jessica Goldman Srebnick has little space left to hang another piece of art in her office, so some works neatly line the floor with nowhere else to go. But her collection — ranging from contemporary maximalist and pop art to portraits of her three sons, husband and father — doesn’t stop in her office. It adorns the streets of one of Miami’s fastest-growing…

Construction Begins On 30-Story Pagani Residences At 7940 West Drive In North Bay Village

Construction is underway on Pagani Residences, a 30-story waterfront condominium tower at 7940 West Drive in North Bay Village. Designed by A++ and developed by Riviera Horizons in collaboration with Horacio Pagani and Pagani Arte, the boutique residential project will yield 70 all-corner residences overlooking Biscayne Bay and the Atlantic Ocean. The development will…

Judge orders $205M foreclosure on South Beach’s Goodtime Hotel

Times aren’t so good –– financially speaking –– at the Goodtime Hotel after a judge ordered a $204.7 million foreclosure on the South Beach property. Los Angeles-based lender CIM Group, which provided a $152 million loan on the hotel in 2021, filed a foreclosure lawsuit in January in Miami-Dade Circuit Court against Washington Squared Owner, the hotel’s…

Canero Group flips Coconut Grove condo building to El-Ad for a big profit

Jose Canero completed a bulk purchase of an entire condo complex in Coconut Grove, and just flipped the property for a 160 percent increase, or 2.6 times what he paid. Boca Raton-based El-Ad National Properties paid $45.5 million for the 25-unit, 20,500-square-foot building at 3265 Virginia Street in Miami, according to a press release. The site is in the heart of…

Developer Acquires 3265 Virginia Street In Coconut Grove For $45.5 Million

El-Ad National Properties has acquired the property at 3265 Virginia Street in Coconut Grove for $45.5 million, marking the South Florida-based developer’s entrance into the Miami neighborhood and establishing the site as a future redevelopment opportunity. The acquisition closed on May 14, 2026, with El-Ad 3265 Virginia LLC acquiring the property from WNG Miami LLC.

Shoma’s Coral Gables Live Local project ramps up with land purchase

Masoud and Stephanie Shojaee’s Shoma Group just picked up the development site where it’s planning a luxury residential project in Coral Gables using the Live Local Act. Shoma paid $13.3 million through an affiliate to buy 3808-3850 Southwest Eighth Street, the South Florida Business Journal reported. Benworth Capital Partners provided a $14 million mortgage for…

Coral Gables balks at long-term Underline cost jump

Coral Gables officials have agreed to look into the shifted Underline fee agreement with Miami-Dade County that see the city’s costs for the project’s maintenance rising to about $1 million a year. At Tuesday’s meeting, the city commission discussed the initial annual agreement fee of $358,882 for the maintenance of the Underline that was recently changed by the…

25-Unit ‘300 Malaga’ Proposed for 300 Malaga Avenue in Coral Gables

Next week, the Coral Gables Development Review Committee intends to review plans for a boutique condominium that would replace three single-family homes. Roger Development Group wants to proceed with a four-story structure that would host 25 units, with floorplans ranging from one-bedroom to three-bedroom layouts. Most would err on the larger side. Though 300…

MMG Equity Partners plans 36,000-square-foot retail center in West Kendall

MMG Equity Partners plans to construct a retail center in the West Kendall neighborhood of Miami-Dade County as the latest phase of a 70-acre mixed-use project. The Pinecrest-based developer has 5.14 acres at the corner of Kendall Drive/Southwest 88th Street and Southwest 158th Avenue under contract from KTC SW 88th St, LLC, led by Ed Schmidt, Robert Eckstein, Josh…

Law Firm Cole, Scott & Kissane Adds Second Dadeland Office in 21K-SF Lease in Kendall

Law firm Cole, Scott & Kissane is expanding in Dadeland, Fla., after signing a 21,000-square-foot office lease. The firm will occupy a full floor at the 18-story One Datran office building at 9100 South Dadeland Boulevard, adjacent to the Dadeland South Metrorail station, sandwiched between Palmetto Expressway and Route 1. The lease runs for 10 years, but the…

Medical office condo slated for Aventura

Medical Offices of Uptown Aventura LLC, led by Bernardo Rieber and Noel Epelboim, has proposed a medical and commercial condominium project. The developers have the 1.6-acre property at 21291 N.E. 28th Ave. under contract from RL Aventura MOB LLC, which foreclosed on the site in 2025. The previous owner was building a medical office there, but construction stalled.

Lease roundup: Steve Ross’ 15 CityPlace snags Fox Rothschild, Inmobiliaria Brom hits Aventura leasing spree

A national law firm pre-leased at one of billionaire Steve Ross’ office projects under construction in downtown West Palm Beach. Fox Rothschild signed a 10-year deal for nearly 17,300 square feet at 15 CityPlace, according to a news release from Related Ross. W Mason is the managing partner of the law firm’s West Palm office. Construction completion of the…

Industrial and dev sites drive South Florida i-sales boom, but party’s over for multifamily

Investment sales activity roared back this year across South Florida commercial property types, aside from one: multifamily. As a whole, deal volume totaled $4.3 billion in the first quarter, a 29.9 percent increase from the same period last year, according to an Avison Young report. A total of 244 sales closed, or 10.9 percent more from the first quarter of last year.

KIMCO Proposes Mixed-Use Addition to Dania Pointe at 1731 Point Boulevard in Dania Beach

An affiliate of New York-based KIMCO has filed plans for the latest addition of Dania Pointe in Broward County. Its newest phase would feature two eight-story buildings that would host both residential and retail space. Both mid-rise buildings would be attached through pedestrian bridges that would lead to a parking garage on Radiant Drive. Regarding the…

Developer plans self-storage facility on industrial site near Fort Lauderdale

The owner of an industrial property in the Washington Park neighborhood just outside Fort Lauderdale wants to redevelop it into a self-storage facility. The Broward County Commission will consider the site plan for the 1.13-acre property at 706 N.W. 27th Ave. on May 26. Since it’s in an unincorporated area of the county, the County Commission needs to sign off on…

Fort Lauderdale-based West Marine files for Chapter 11 with $429 million debt load

West Marine Inc. and affiliated entities have filed for bankruptcy, in a move expected to reshape more than its balance sheet. The Fort Lauderdale-based marine retailer – which operates about 200 stores nationwide, including four in South Florida – filed for Chapter 11 bankruptcy protection in Delaware on May 17 as it seeks to reduce debt, improve liquidity and…

Kimco hit with damages suit for allegedly “destroying” Fort Lauderdale café business

Kimco Realty allegedly crushed a 27-year-old woman’s first brick-and-mortar business by doing massive construction and demolition work at the Fort Lauderdale retail plaza where she opened her coffee shop, according to a lawsuit. Taylor Schear’s Sheer Hospitality sued Jericho, New York-based Kimco for $9 million in damages, alleging that the landlord started…

Amid Fort Lauderdale’s Las Olas Blvd growth, 5-story jewelry store project riles some neighbors

A family jewelry business wants to build a luxury retail building on Las Olas Boulevard. But the five-story, canal-front project has cracked open a familiar dispute that comes with development –– pitting supporters of the growth against longtime residents alarmed by traffic, parking and height. The fault line is especially pronounced in Fort Lauderdale, a city…

Naftali Group Reveals Penthouse Collection At Viceroy Residences Fort Lauderdale

Naftali Group has revealed a first look at the highly anticipated penthouse collection at Viceroy Residences Fort Lauderdale, the city’s first Viceroy-branded luxury condominium. Positioned atop the 500-foot, 45-story tower between Las Olas Boulevard and Flagler Village, the limited collection represents the most elevated residential offering within the development…

Broward could approve $26M in grants for affordable housing

Broward County officials could award grants to kickstart four affordable housing developments throughout the county. The County Commission will consider the funding awards on May 26. They are the result of a request for applications (RFA) the county issued on Feb. 2 seeking new affordable housing projects for up to $7 million in funding each. Twelve applications were…

Boca Raton Mandarin Oriental development site slated for bankruptcy auction

The Mandarin Oriental, Boca Raton development site is being positioned for sale through U.S. Bankruptcy Court. Via Mizner Owner II filed the proposed bid procedures for the 1.06-acre property at 103 E. Camino Real on May 18. Attorney Bradley Shraiberg, who represents the debtor, noted that the these auction procedures still need court approval and, meanwhile, the…

Live Local Act project breaks ground in Boca Raton with $106M construction loan

North American Development Group (NADG) broke ground on a Live Local Act apartment project in Boca Raton after obtaining a $105.47 million construction loan. U.S. Bank, as administrative agent for a group of lenders, provided the mortgage to Nuvo Midtown Boca, an affiliate of West Palm Beach-based NADG. It covers the 6.79-acre site at 1850 N. Military Trail. Fort…

“Save Boca law” requires Boca Raton voter approval for future land deals

Terra and Frisbie Group’s failed One Boca proposal is transforming Boca Raton one way or another. The Boca Raton City Council unanimously approved an ordinance Tuesday night that requires a voter referendum prior to the sale, lease or “alienation” of city-owned land larger than half an acre. The council also voted in favor of asking voters to bake the law into…

North American Development Group Lands $106M to Build Boca Raton Rental

North American Development Group (NADG) scored a $105.5 million construction loan for a multifamily development in Boca Raton, Fla., property records show. U.S. Bank, acting as administrative agent for a group of lenders, provided the financing for the 294-unit Nuvo Midtown Boca. The project will include a six-story residential building and a five-story parking…

Composure Club to Open 14K-SF High-End Gym in Boca Raton

Upscale fitness center Composure Club inked a 13,900-square-foot lease in Boca Raton, Fla., Commercial Observer has learned. The wellness concept, which signed a 10-year lease, is set to open its first location by the end of the year at 500 Northeast Spanish River Boulevard, just west of the Dixie Highway. “We designed the club to elevate the everyday, with a…

Publix buys out Boynton Beach retail center landlord for $78M

Publix Super Markets bought out its landlord at the Fountains of Boynton Shopping Center west of Boynton Beach for $78 million. The 178,726-square-foot retail center at 6545, 6627, 6661 and 6667 Boynton Beach Blvd. plus 9811 S. Job Road, was sold by 6627 West Boynton LLC, care of Miami-based Boulder Group and Union Investment Real Estate. The buyer was Real Sub LLC, a…

Jack Nicklaus plans Lake Worth private golf club

Golf legend Jack Nicklaus is planning a private club at a shuttered Lake Worth golf course. The prolific course designer is planning Nokosi, a members only club at 6270 Lyons Road, the South Florida Business Journal reported. Nicklaus and his family have teamed up with Mark Walter’s TWG Global to redevelop the former Sherbrooke Golf & Country Club. Records show GNP…

Law Firm Fox Rothschild Moving to Another Related Ross Building in West Palm Beach

Law firm Fox Rothschild will relocate from one Related Ross-owned office building to another in Downtown West Palm Beach, Fla. The firm signed a 17,250-square-foot lease at the 15 CityPlace office development, which remains under construction, according to Related Ross. The deal is for 10 years. The tenant is currently based at the nearby Phillips Point complex…

First Interior Renderings Revealed For Mandarin Oriental Residences, West Palm Beach

The first interior renderings have been revealed for Mandarin Oriental Residences, West Palm Beach, a planned 31-story luxury condominium tower at 5400 North Flagler Drive along the Intracoastal Waterway in West Palm Beach. Developed by Great Gulf and designed by Safdie Architects, the project will yield 87 residences priced from approximately $3.5 million. Interiors…

Pebb Capital Proposes Eight-Story Mixed-Use Venture for 501 Monceaux Road in West Palm Beach

Yesterday, the West Palm Beach Plans & Plats Review Committee reviewed plans for a mixed-use development that would offer homes and retail. The unnamed venture would measure eight stories above grade and feature 350 apartments. Homes would range from studio to three-bedroom units, with the majority being one-bedroom and two-bedroom floorplans. Current plans…

Stephen Ross Pays $55M for Downtown West Palm Beach Dev Site to Build Condo

Stephen Ross has bought yet another development site in West Palm Beach, Fla. The billionaire’s firm, Related Ross, paid $55 million for a full block in the city’s downtown, where a residential tower is planned, property records show. The developer is expected to build a condo project with 100 to 130 units.  The 2.6-acre site is sandwiched between Dixie Highway…

Massive Palm Beach County tract to hit market as Don King’s jai alai fronton heads to bankruptcy

Don King is bobbing and weaving to avoid foreclosure on a massive Palm Beach County property. An entity linked to the legendary boxing promoter filed for Chapter 11 bankruptcy reorganization last week for the 53-acre jai alai fronton at 1415 45th Street in Magnolia Park, narrowly dodging a court-ordered foreclosure auction, the Palm Beach Post reported. The filing…

“I’m not doing it a third time”: Riviera Beach delays Marina Village vote — again

The Related Group, Forest Development and Sonnenblick Development each made their cases before the Riviera Beach City Council this week on why they should be allowed to develop about 12 acres of public land near the waterfront at Marina Village. But with only three city council members present at their meeting on Wednesday, a vote on who should be awarded a contract…

ICSC Special Report: Opportunities in an Evolving Market

If you thought that inflation, economic uncertainty, recent big-box bankruptcies and a prohibitively difficult development environment would cause retail stakeholders to become pessimistic about their properties and prospects, you’d be wrong. At ICSC’s 2026 Las Vegas conference, retail experts from across the industry struck a broadly optimistic tone in…

Rishi Kapoor admits to stealing $85M from investors, vows to make it his “life’s work” to repay them

Rishi Kapoor is coming clean about his dirty dealings. As part of his plea deal with federal prosecutors, Kapoor admitted he misappropriated $85 million from investors for his failed real estate projects, including siphoning millions for his personal benefit. At a Friday hearing in Miami federal court, Kapoor agreed to plead guilty to two money laundering and payroll…

Progress Has A Power Bill

AI, chips, and data center developments are dominating the conversations in the world of investments. Few can keep up as the landscape seemingly evolves at light speed. There are always unintended consequences when something grows this fast, and the real-world impact on electrical cost hit home for me this week. We’re currently exploring the installation of solar on…

Interest Rates Reset the Rules for Multifamily Capital Markets

The current capital markets environment is still being shaped by the most aggressive rate cycle in modern history. Between March 2022 and July 2023, the Federal Reserve raised the Federal Funds rate by 525 basis points. That was the fastest tightening cycle in more than 40 years. That shift effectively reset the economics of multifamily overnight. Deals underwritten…

Here’s why car wash real estate is cleaning up

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…

Florida Seniors Housing Market Report | 2026 Q1

Demographics remain strong, with the seniors population (75+ years old) at roughly 22.5M and forecasted annual growth of 4.1% through 2030. Demand for units has consistently outpaced new supply since 2021, lifting stabilized occupancy from 80% to just over 90% in Q1 2026. Rent growth peaked near 6% in 2023 and has since moderated, aligning with improving occupancy…

Forest Development’s Peter Baytarian: 5 Questions

Before Peter Baytarian built Nautilus 220, the town of Lake Park in Florida’s Palm Beach County wasn’t known as a hot spot for luxury real estate. Now that the two-tower project has been completed, 90 percent of the project’s 330 units have been sold at prices ranging from $620,000 to $4.3 million — levels Baytarian describes as three times as much as older…

Galbuts tout Live Local Act projects for Miami Beach, Galleria mall, Edgewater

The Galbut family has seen sweeping changes to Miami Beach during their 100 years living on the island, and today’s generation hopes to keep working class residents in the city with the Live Local Act. Russell Galbut, the managing principal of Crescent Heights and chairman of GFO Investments, and daughter Marisa Galbut, the president of GFO Investments, were guests…

Padel courts proposed at Miami-Dade business park in Blue Lagoon

A former college tennis player and real estate investor has proposed a covered padel sports facility atop a parking garage in the Blue Lagoon area of Miami-Dade County. Setra Padel, led by Trevor Taylor of Fortius Capital, filed a pre-application with county officials concerning the parking garage at 6205 Blue Lagoon Drive, which is attached to an office building that…

Miami hotel bookings outperform most World Cup host cities: report

Miami appears to be outperforming most U.S. host cities ahead of the 2026 FIFA World Cup, even as a new hotel industry report warns that anticipated tourism demand has not translated into the booking surge many operators expected. The American Hotel & Lodging Association’s FIFA World Cup 2026 Hotel Outlook, which surveyed hoteliers in Atlanta, Boston, Dallas…

RPM Living JV Buys Miami Property for $151M

A joint venture between RPM Living and affiliates of Cantor Fitzgerald Asset Management has acquired Biscayne Shores, a 380-unit Class A community in Miami. Integra Investments, the previous owner, sold the property for $151.4 million, or $398,000 per unit, according to Yardi Matrix. Biscayne Shores came online in 2024 and was developed by Integra, with Deforma Studio…

Michael Stern Fires Back At Lender In Fight For Control of Downtown Miami Mercedes-Benz-Branded Project

The legal battle over one of the highest-profile developments in Miami is intensifying. An affiliate of Michael Stern’s JDS Development Group filed suit last week against its lender on the $2B Mercedes-Benz Places project, claiming it breached a confidentiality agreement in an attempt to take over the project via foreclosure. Stern’s company, 191 SW 12 Owner LLC…

Soaring cargo growth lifts Miami International Airport (MIA) to #1 in the U.S., #3 in the world

Freight shipments at Miami International Airport skyrocketed by 13.6% to nearly 3.5 million tons in 2025, giving the global cargo hub a new claim to fame, based on the latest rankings by Airports Council International: Busiest freight airport in the Western Hemisphere. MIA leapfrogged Louisville and Memphis – the global hubs for UPS and FedEx, respectively – to…

Integra sells bayfront Miami-Dade rental complex for $151M

RPM Living paid $151.4 million for a bayfront apartment building and rental townhomes, The Real Deal has learned. It is one of the biggest known multifamily trades so far this year in Miami-Dade County. Austin-based RPM bought the 380-unit Biscayne Shores at 11295 Biscayne Boulevard from Miami-based Integra Investments, which developed the complex, according to…

Miami Beach board to vote on Terra’s proposed South Beach condo tower

Developer David Martin’s plan for a bayfront condo tower in South Beach heads to the Miami Beach Design Review Board for a vote this week. Martin, CEO of Miami-based Terra, took over the project at 1250 West Avenue last year. The developer plans a 28-story building with up to 106 luxury condos on the nearly 2-acre site, to replace the aging Bay Garden Manor…

Spanish developer fires back at Laura Tauber’s suit over Miami-Dade’s biggest Live Local project

Spanish developer Pablo Castro has fired back at Laura Tauber’s lawsuit over a massive Live Local Act project, in which she alleged he sidelined her from the development and promised profit shares. Tauber sued Castro in March, saying she worked for three years on The HueHub with zero compensation under the understanding that she would be rewarded after the project…

“90% there”: Controversial Miami-Dade project outside UDB delayed again. But is it inching closer?

A controversial proposal for an industrial facility beyond the Urban Development Boundary is still in limbo, though it needs support from just one more commissioner to proceed. Kelly Tractor, a Doral-based heavy machinery supplier that provides Caterpillar and other construction and mining equipment, wants to move its headquarters to an over 200-acre tract it owns on…

56-Story Villa Miami Continues Ascent at 710 NE 29th Street in Edgewater

Construction is continuing on Villa Miami, a 56-story waterfront condominium tower rising at 710 Northeast 29th Street in Miami’s Edgewater neighborhood. Designed by ODP Architects and developed by Terra and One Thousand Group, the 650-foot-tall structure will yield 70 half-floor and full-floor condominium residences overlooking Biscayne Bay. AD100 designer Vicky…

Nahla Capital Wants to Bump Number of Condos at Miami Beach’s Raleigh

Private equity firm Nahla Capital wants to add two floors to the condo component of the Raleigh, Michael Shvo’s former redevelopment project of three historic Art Deco hotels along Miami’s Beach’s oceanfront. The proposal would expand the residential tower to 17 stories, adding 66,264 square feet. The condo count would jump from 44 to 52 units, according to an…

Dwight Capital Provides $130M HUD-Insured Refinancing for North Miami Apartment Community

NORTH MIAMI, FLA. — Dwight Capital has provided a $130 million HUD 223(f) loan for the refinancing of The Gardens Residences, a 358-unity luxury apartment building located in downtown North Miami. Keith Hoffman and Aaron Kirshtein of Dwight Capital originated the 35-year, fixed-rate loan on behalf of the borrowers, Sebastien Scemla, John Lago and Shawn Chemtov…

Planning Board Approves Mechanical Parking System For 1826 Collins Amid Neighbor Opposition In Miami Beach

The Miami Beach Planning Board has approved a conditional use permit for the mechanical parking system at 1826 Collins, a proposed 15-story mixed-use development planned for 1826 Collins Avenue in Miami Beach. The 213-foot-tall project is being developed by an entity tied to Crescent Heights’ Russell Galbut and Lefferts’ Mendy Chudaitov, with Built Form…

Developer Proposes Nine-Story Affordable Housing Project at 2825 N.W. 35th Street in Miami

Exotic Motors Of Florida, an auto body shop located in Miami, could be replaced with an affordable housing development. The project, led by developer Interlik LLC, would measure nine stories above grade. It would require just over 280,000 square feet of new construction and feature 383 apartments; they would range from studios to two-bedroom units, measuring 352 to…

Rezoning Application Filed For Phase 1 Of $295 Million Poinciana Redevelopment at 7200 NW 22nd Avenue In Gladeview in SW Miami-Dade

A pre-application filed on May 7, 2026 seeks an industrial rezoning for a 13.77-acre property at 7200 NW 22nd Avenue in the Gladeview area of unincorporated Miami-Dade County, marking another advancement for the broader Poinciana redevelopment initiative led by SG Poinciana Ventures LLC. The application requests a zoning change to permit the development of a logistics…

Pre-Application Under Review for 773-Unit Infinity Garden Apartments in South Miami-Dade’s Naranja Area

A pre-application is under review for Infinity Garden Apartments, a large-scale mixed-use residential development proposed at 14505 SW 260th Street in unincorporated Miami-Dade County’s Naranja area. The project is being advanced by Infinity Gardens Apartments, LLC, which is managed by BSB Global Enterprises, Inc., the same firm associated with the original 2023…

220-Unit Aura Living Apartments Proposed in Leisure City Area of South Miami-Dade County

A pre-application has been filed for Aura Living Apartments, an 8-story mixed-use development proposed for the intersection of SW 280th Street and SW 152nd Avenue in the Leisure City area of unincorporated Miami-Dade County. The project is being developed by Alcazar Development Group III, LLC and designed by Anillo Toledo Lopez, LLC. Submitted through Miami-Dade…

Miami Beach Planning Board Advances $50 Million Office Expansion For The Rivani At 1691 Michigan Avenue

The Miami Beach Planning Board has recommended approval of Robert Rivani’s $50 million proposal to expand The Rivani, a six-story commercial office building at 1691 Michigan Avenue in South Beach. The proposal would add 36,000 square feet of office space while reducing parking within the property’s seven-story garage. According to The Real Deal, Rivani is…

Foundation Work Advances For Edge House Miami at 1825 NE 4th Avenue In Edgewater

Foundation work is progressing at Edge House Miami, a 57-story residential tower under construction at 1825 NE 4th Avenue in Miami’s Edgewater neighborhood. Developed by Grupo T&C and designed by Kobi Karp Architecture & Interior Design, the 649-foot-tall structure will yield 608 turnkey residential units. Thornton Construction Company is serving as general…

Miami Investor Buys Miami-Dade Rental for $66M

Bowery Properties has paid $65.5 million for a garden-style multifamily complex in the outskirts of Miami-Dade County in the latest rental asset to sell for little gain.  Called Cascades at the Hammocks, the property houses 264 apartments at 10605 Hammocks Boulevard, south of the Killian Parkway, within the Hammocks, one of the largest homeowners association…

OKO Group Reveals Plans For 53-Story LILLI Condominium Tower At 717 NE 27th Street In Edgewater

Plans have been revealed for LILLI, a 53-story waterfront condominium tower at 717 NE 27th Street in Miami’s Edgewater neighborhood. Developed by OKO Group, the project is designed by Adrian Smith + Gordon Gill Architecture and will yield 117 condominium residences overlooking Biscayne Bay. The approximately 649-foot-tall tower is planned to contain around 360,679…

Adam Neumann Buys Into Wynwood Apartments: The South Florida Deal Sheet

WeWork co-founder Adam Neumann acquired 50% of an apartment complex in Wynwood through his Miami-based development firm. Flow bought out Property Markets Group’s stake in its Society Wynwood building and now co-owns it with Greybrook. It plans to rebrand it to Flow Wynwood, the Miami Herald reported. PMG and Greybrook finished the 318-unit building at 176 NW 25th…

Famed artist Britto buys Little River commercial property for $5 million

Internationally acclaimed artist Romero Britto acquired a commercial property in the Little River neighborhood of Miami-Dade County, close to his headquarters and studio Britto Palace. Big Big 72 Street LLC, managed by Douglas Levine in Miami Beach, sold the 1.31-acre site at 810 N.W. 72nd St. for $5.2 million to Britto. Jason Zarco of the Percal Zarco Group at…

Pablo Castro Denies Laura Tauber Was Ever His Partner On 4,000-Unit Little River HueHub Project

The Spanish developer leading one of Miami’s largest planned housing projects has responded to allegations from a former partner who claims she was never paid for three years of work and exiled from the development. In an April 30 filing in Miami-Dade Circuit Court, Pablo Castro responded to Laura Tauber’s March lawsuit, which revolved around…

Pablo Castro accused of stiffing architect for massive Live Local Act project in Little River

Spaniard Pablo Castro, who debuted in Miami real estate with plans for the biggest Live Local Act project, has allegedly stiffed more than one professional who helped lay the groundwork for the megadevelopment. D’Lola Design & Construction, a company led by Silvia Garcia Llorca, is the second to claim it dedicated months of work on various aspects of the…

Artist Romero Britto to Expand Compound in Little River

Romero Britto has expanded his art studio in Miami’s Little River neighborhood. The Brazilian artist and sculptor paid $5.2 million for a 57,187-square-foot industrial building, according to Jason Zarco of the Percal Zarco Group, who represented the buyer. Doug Levine, the founder of Crunch Fitness, sold the 1.3-acre property at 810 Northwest 72nd Street. The…

South Beach hotel heads to auction over $205M foreclosure judgment

The Goodtime Hotel in Miami Beach is slated for court auction after its owner lost a $204.7 million foreclosure judgment. On May 6, CMMT-JSELLER 2 LLC, an affiliate of CIM Real Estate Credit, was awarded the judgment against Washington Squared Owner LLC and Goodtime Sound LLC over a mortgage with $149.3 million in principal outstanding, plus interest and fees. The…

New owner seeks changes to historic South Beach hotel redevelopment

Nahla Capital has filed revised development plans for the site of the historic Raleigh Hotel on the ocean in Miami Beach as it seeks a larger building footprint. The city’s Planning Board will consider on June 2 the comprehensive plan amendment to increase floor area ratio (FAR) for the 3.05-acre property at 1751, 1757 and 1775 Collins Ave. It’s the home of three…

Rivani’s $50M South Beach office building expansion inches closer to referendum

Robert Rivani’s $50 million plan to add more office space to his South Beach building while reducing garage parking is advancing. Rivani leads his eponymously named firm that’s based at the six-story building, which is called The Rivani. He wants to extend his ground lease at 1691 Michigan Avenue by 40 years to 2132, and eliminate 250 parking spaces primarily on…

Versace Mansion in South Beach Lands $45M Refi

The Nakash family’s Jordache Enterprises has refinanced the historic Versace mansion on Miami Beach’s Ocean Drive with $44.7 million, property records show.  HSBC added $23.7 million to a loan issued in 2021 with just over $21 million in outstanding debt. The 23,462-square-foot oceanfront property at 1116 Ocean Drive houses Gianni’s restaurant, a 10-room hotel…

“There is no ceiling”: Nadim Ashi’s latest Surf Club condos in Surfside near $400M sellout

The sellout has reached $386.4 million at Fort Partners’ recently completed condo building in its sprawling beachfront Surf Club complex. Seaway North, at 9165 Collins Avenue in Surfside, has just 10 units and an average sale price of $38.6 million. While no one unit has set a market-wide price record, the average price across the building is unparalleled in any…

Shoma Group buys Coral Gables development site for $13M

Shoma Group, led by Masoud Shojaee and The Real Housewies of Miami star Stephanie Shojaee, paid a combined $13.25 million to assemble a development site in Coral Gables. Property data firm Vizzda confirmed that Ponce 8 LLC, an affiliate of Coral Gables-based Shoma Group, acquired 0.83 acres in two transactions. Benworth Capital Partners provided a $14 million mortgage…

Construction Could Start on Seven-Story ‘Vitalis Tower’ in Q4 at 21291 NE 28th Avenue in Aventura

The Aventura City Commission has approved plans for a mid-rise office building that could start construction by the end of this year. The venture, called Vitalis Tower, will measure seven stories above grade and feature medical office and retail space. According to the venture’s website, Vitalis Tower is slated to include more than 300,000 square feet of new…

The Branded Condo Craze Is Supersizing Amenity Spaces in South Florida

Selling a luxury South Florida condo has never been less about a unit’s four walls. As the region’s development pipeline has filled up with towers sporting luxury brands like Waldorf Astoria, Bentley and Dolce & Gabbana, competing for buyers who can afford $5M or more for an apartment, the size of amenity spaces in new buildings has exploded. The average…

Italian luxury brand Cipriani, growing in South Florida, was in Epstein’s network

As luxury Italian brand Cipriani grows in South Florida, with its name and a related brand set to stamp several high-end condo projects, records place Cipriani in convicted sex trafficker Jeffrey Epstein’s orbit. In Department of Justice-released Epstein records, the name “Cipriani” appears 530 times, with some of the emails providing accounts directly placing…

It’s not just high gas prices behind rising consumer inflation in South Florida

South Florida’s inflation rate jumped to its highest level in two years last month. Consumer prices were up 3.8% percent compared to a year earlier. The rise was fueled by a significant increase in gasoline prices. Average pump prices across the region are up about $1.50 a gallon compared to last year. The gasoline component of the monthly Consumer Price Index was…

Will the World Cup bring its promised big payoff for South Florida?

South Florida is no stranger to big multinational sporting events. Hard Rock Stadium hosts F1 and the Miami Open tennis tournament. Miami is tied for hosting the most Super Bowls with 11. Hundreds of millions of dollars have been spent attracting and keeping these big sporting events here. Tourism officials are quick to point to hundreds of millions of dollars of…

AvantStay Expands South Florida Operations Through Nexo Residences Partnership

AvantStay is expanding its South Florida footprint through a partnership with Nexo Residences, a North Miami Beach condominium development designed around short-term rentals, coworking, and hospitality-style living as hybrid work and flexible travel continue reshaping residential real estate demand. The hospitality management and technology company will serve as the…

Dog track site goes to resi in Kadima Developers’ Hallandale Beach plans

A Hallandale Beach developer is betting on the former Big Easy Casino parking lot, where he plans two residential buildings and retail space designed by SKLARchitecture. Alejandro Chaberman’s Kadima Developers and Mateo Pugliese-Bassi’s Persea Ventures plan a development called Greenzone, at 501 Northeast 7th Street in Hallandale Beach. The eight-story buildings…

‘Greenzone’ Occupy Part of the Big Easy Casino Site at 501 NE 7th Street in Hallandale Beach

Developer Greenzone Property Hallandale 770 LLC is moving forward with a project that intends to redevelop a large portion of the Big Easy Casino in Broward County. Greenzone is set to comprise two eight-story towers, featuring a total of 278 residential units. They would range from 499-square-foot efficiencies to 1,050-square-foot two-bedroom apartments. In-unit…

Chip Abele’s downtown Hollywood tower threatened with $121M foreclosure

Chip Abele’s mixed-use development that has Publix as a tenant in downtown Hollywood is threatened with a $121.4 million foreclosure. An affiliate of Miami Beach-based Arc Asset Management sued the developers of The Circ for foreclosure, the South Florida Business Journal reported. The 25-story complex is at 1740-1776 Polk Street. It includes the 111-key Circ Hotel…

Next phase at Dania Pointe planned for Dania Beach

Kimco Realty Corp. (NYSE: KIM) filed plans for more apartments and retail space for the next phase of the 102-acre Dania Pointe mixed-use project. Two eight-story buildings are planned on 1.8 acres of vacant land at 1730 and 1731 Point Blvd. They would have a combined 265 apartments and 47,077 square feet of commercial space. There would be no new parking spaces, as…

Spirit Airlines ghosted Dania Beach HQ, but potential buyers are waiting in the wings

The failure of Spirit Airlines left a six-story, 180,000-square-foot hole in Dania Beach’s office market, but candidates are on stand-by to fill the space, including Broward County’s government. The Broward County Commission next week will consider buying the Spirit headquarters for a new county governmental center instead of building a new one in downtown Fort…

Lease roundup: SPOT Market grocery/cafe launches in Fort Lauderdale, Davie

Affiliated Development signed a grocery store concept and café anchor at its mixed-income Fort Lauderdale apartment project that’s under construction. SPOT Market, a new concept by Planta Baja Market Group, leased 4,000 square feet on the ground floor at The Era development at 2125 South Andrews Avenue, according to a news release from Affiliated’s broker. The…

Integra wins approval for Fort Lauderdale beach development — again

Integra Solutions won city approval to build more condos and add hotel rooms at its 14-story Sereno development in Fort Lauderdale’s North Beach area. It’s the third version of the mixed-use project since its initial approval four years ago. The Fort Lauderdale City Commission unanimously approved Integra’s proposed amendment to a development permit raising the…

Condo project replacing classic Fort Lauderdale hotel moves ahead

A construction firm founder won site-plan approval for a 54-unit condominium to rise along the Intracoastal Waterway in Fort Lauderdale’s North Beach area, replacing a mid-century modern hotel. The Fort Lauderdale City Commission voted unanimously Tuesday night in favor of the 13-story waterfront development, called Opus at 701, at 632 and 701 Bayshore Drive. The…

Fort Lauderdale Industrial Real Estate Market: 2025 Outlook

The Fort Lauderdale industrial real estate market has been one of the strongest-performing commercial real estate asset classes in South Florida over the past several years — and 2025 is shaping up to be another active year, albeit with some important nuances that tenants, buyers, and investors need to understand. As a commercial real estate agent Fort Lauderdale…

City officials to review ‘Save Boca’ measures to boost oversight of Boca Raton public land

Officials in Boca Raton are set to review legislative measures that would strengthen oversight of public land. Members of Boca Raton’s City Council will meet Tuesday to consider a pair of items that would amend the municipal code and charter to prohibit officials from selling or leasing city-owned land greater than half an acre without voter approval. Narrow…

Developer seeks free land from Delray Beach for future Aldi store

Delray Beach officials will consider an unsolicited proposal from a developer to acquire city land at no cost to build an Aldi grocery store. The city’s Community Redevelopment Agency board will hear a presentation from RH Development Group LLC, led by Randy Holihan of Belle Isle, on May 13. In February, the developer submitted a proposal for the CRA’s 2.52-acre…

13th Floor JV Tops Out 2nd Phase of Delray Beach Project

The joint venture between 13th Floor Investments and Key International, along with partners CDS International Holdings and Wexford Capital, has topped out Skye Apartments, a 327-unit development in Delray Beach, Fla. MSA Architects designed the project, while ANF Group serves as general contractor. Completion is estimated for 2027. Skye is the second phase of Parks at…

Construction Tops Out on Skye Apartments at Parks at Delray in Delray Beach

Construction has topped out on Skye Apartments, the second phase of the Parks at Delray mixed-use development at 2350 South Congress Avenue in Delray Beach, Florida. Designed by MSA Architects and developed by 13th Floor Investments and Key International in partnership with CDS International Holdings and Wexford Capital, the development will yield 327 apartments in a…

Grocery store could be developed in this West Palm Beach retail center

An Aldi grocery store could be developed in West Palm Beach’s Shops of Palm Coast, which already has a Winn Dixie. The city’s Plans & Plats Review Committee will consider the site plan for a 19,382-square-foot Aldi with 117 parking spaces on two acres at 7915 S. Dixie Highway on May 14. Palm Coast Invest LLC, led by Edmund H. Beebe of West Palm Beach-based…

Developer plans 310 apartments in West Palm Beach

The Estate Cos. has proposed a second phase of its apartment complex in downtown West Palm Beach. The city’s Plans & Plats Review Committee will consider the site plan for the 1.2-acre property at 411 W. Railroad Ave. on May 14. South Miami-based the Estate Cos. has the vacant property under contract from Miami-based WPB East Hotel LLC, managed by hospitality…

15-Story ‘Soleste Palm Station Two’ Proposed for 411 W Railroad Avenue in West Palm Beach

With the first phase of Soleste Palm Station under construction, developer Estate Cos. is moving forward with the venture’s second phase. Soleste Palm Station Two is set to measure 15 stories above grade and feature 310 apartments; while the second phase will be taller than its predecessor (which measures eight stories above grade), the two feature about the same…

Catalfumo secures $401M loan for Ritz-Carlton Palm Beach Gardens condos

Catalfumo Companies secured a $401 million loan for its under-construction Ritz-Carlton Residences, Palm Beach Gardens. The developer, led by CEO Dan Catalfumo, expects to finish construction of the 14-acre project at 2200 PGA Boulevard this summer, according to a news release. Northwind Group provided the floating-rate loan for the 106-unit condominium, and a…

Catalfumo Lands $401M to Finish Ritz-Carlton Condos in Palm Beach Gardens

Catalfumo Companies has secured $401 million in bridge debt to complete its Ritz-Carlton-branded waterfront condominium project in Palm Beach Gardens, Fla. Northwind provided the first-mortgage completion-to-inventory loan for the The Ritz-Carlton Residences, Palm Beach Gardens development that will consist of 106 condos on 14 acres along 1,040 feet of frontage on the…

Investors accuse Joe Farrell of using Wellington project as “personal piggy bank”

Investors in a South Florida project are suing developer Joe Farrell over allegations he used the development’s funds as a “personal piggy bank.” The complaint, filed in Palm Beach County in March, alleges the Hamptons-based developer, his children, entities tied to him and others involved in the project misappropriated roughly $6 million in investor funds. They…

Industrial Demand Turns the Corner in Q1

Demand for U.S. industrial space grew during the first quarter of 2026, with leasing in the sector totaling 226.7 million square feet, according to a Savills report, marking the strongest first quarter since 2022 and an increase of 20.8 percent year-over-year. Other metrics, including lower vacancies in some markets and a reduction of sublease space overall, are…

Rishi Kapoor’s former right hand, Daniel Motha, faces criminal conspiracy charge

Daniel Motha, a former college friend and business partner of Rishi Kapoor, is caught up in the criminal case against the disgraced developer. Federal prosecutors charged Motha, a 42-year-old Pinecrest resident, with a felony conspiracy count for allegedly helping Kapoor conceal and divert more than $1.3 million in payroll taxes owed to the Internal Revenue Service…

“Icing on the cake”: Trump’s “big, beautiful” tax law sweetens deals amid surge in owner-user offices

Manuel Farello’s restaurant management firm is making a real estate change — a pivot that’s expected to pay off with a $200,000 tax writeoff. After years of leasing workspaces across Miami-Dade County, Farello’s Miami-based Silver Spoon Solutions, which provides accounting and other back-office services for food and beverage venues, will purchase an office.

Tax overhaul is back: DeSantis signals summer session, phase-out strategy

A divisive proposal to nix property taxes on primary homes in Florida is back in play after failing to gain approval during the regular legislative session. Republican Gov. Ron DeSantis, who is term-limited this year, signaled he will bring back the initiative in a summer special session and that the bill would call for a phase-out reduction in levies instead of an…

Asset Owners Face Private Markets’ Transparency Test

“The asset class works,” said MSCI Head of Private Assets Luke Flemmer. “But the infrastructure supporting it has not kept pace with its scale.” That was the dilemma facing more than 160 senior investment and operations leaders from institutional and private wealth limited partners (LPs) who gathered in Phoenix last week for MSCI’s inaugural Private Assets…

U.S. Apartment Transactions Plummet in 2026’s 1st Quarter

U.S. apartment transactions plummeted during 1st quarter 2026, following three consecutive quarters of gains. Both the number of properties traded, and the dollar volume of transactions fell substantially during the quarter. The five largest apartment transactions during the first three months of the year traded for roughly $175 million to $220 million. The…

How AI Is Redefining Retail Real Estate in 2026: What Landlords, Developers & Retailers Need to Know

Artificial intelligence is rapidly reshaping the retail landscape, changing how consumers shop, how retailers operate, and how real estate must perform. The Spring 2026 Retail Research Report explores how AI-driven decision-making, fulfillment workflows, and technology infrastructure are redefining the role of the physical store. Today’s store is no longer just a…

Florida Seniors Housing Market Report | 2026 Q1

Demographics remain strong, with the seniors population (75+ years old) at roughly 22.5M and forecasted annual growth of 4.1% through 2030. Demand for units has consistently outpaced new supply since 2021, lifting stabilized occupancy from 80% to just over 90% in Q1 2026. Rent growth peaked near 6% in 2023 and has since moderated, aligning with improving occupancy…

Video: Luci Smith of Link Logistics on Navigating the Evolving Landscape of Industrial Real Estate

In the ever-evolving landscape of commercial real estate (CRE), the industrial sector holds a prominent position due to its dynamic nature and significant impact on the global economy. The recent episode of BOMA’s Building Excellence podcast, hosted by Alan Stein, featured an insightful discussion with Luci Smith, the 2025-2026 BOMA International Chair and Chief…

Chart: The Fed on the peculiar recent behavior of unemployment

Our FRED graph above shows that unemployment is almost always doing one of two things: (1) declining slowly during expansions or (2) rising rapidly during recessions. Friedman (1964, 1993) compared this behavior to playing a musical instrument, describing it as a “plucking model” of unemployment. Over the past 3 years, however, the unemployment rate has…

Development site near University of Miami acquired for $29 million

Alta Development acquired a student housing development site in South Miami, near the University of Miami, for $29 million. The Miami-based developer led by Henry Pino acquired the one-acre site at 5959 S.W. 71st St. and 7090 S.W. 59th Place under contract from Pacmiso 13 Corp., managed by Francisco Martinez-Miyashiki, and Grec Pinecrest LLC, managed by James Andrew…

Developers Seek $500M for Downtown Miami Site With 10M SF Potential

The Miami Business & Entertainment District development site, which allows for over 10 million square feet of potential, has been listed for $500 million. Currently, it’s Downtown Miami’s largest project sitting in the pipeline. The 6.6-acre location in Park West, now owned by Marc Roberts Companies and Lion Development, is being marketed by CBRE. Overall, Robert…

ACRE Secures $124M for Residential Project in Upper East Miami

Residential-focused private equity firm ACRE has secured a $123.8 million loan to support a mixed-use multifamily project in Miami. Canyon Partners Real Estate LLC provided the senior loan for the project known as Adela on the Park that will feature a total of 337 residential units. This marks one phase of a broader development in the Upper East neighborhood, which…

Omega Lands Florida’s Largest HUD Loan for North Miami Project

Omega Real Estate Management Group has obtained the largest-ever HUD loan in the state of Florida, a $130 million note originated by Dwight Capital. The 223(f) debt will refinance The Gardens Residences, a 358-unit luxury community in downtown North Miami. The transaction also marks the largest multifamily loan approved by HUD’s Southeast Region Office and the…

Iran War Hit To Dubai Condo Market ‘Good For Miami,’ Developers Say

Over the last few years, Miami has trailed Dubai as a leading global market for condos, but developers expect that to change amid hostilities in the Middle East. Some of Dubai’s luxury residential properties were hit in drone strikes by Iran last month during the ongoing conflict between the Islamic Republic and the U.S.-Israel alliance. Because of the United…

Gencom’s Karim Alibhai Looks West After $1B Miami & New York Buying Spree

Hospitality-focused investment and development firm Gencom has spent more than $1B on acquiring five luxury hotels in New York and Miami over the past two years. It has no plans to slow down. Gencom founder and principal Karim Alibhai told Bisnow on Wednesday he is searching for acquisition targets in California, where multiple high-profile properties are changing…

Cost overruns, delays: Atlantic Pacific seeks affordable housing loan from Miami-Dade

Facing construction delays and higher costs on some of its projects, Atlantic Pacific Companies is turning to Miami-Dade County. Miami-based Atlantic Pacific, one of South Florida’s most prolific developers of affordable and workforce housing, is asking the county for a $3.8 million loan to help cover unexpected construction cost overages for three projects with 470…

Jeff Berkowitz, Miami area developer of marquee retail projects, has died

South Florida developer Jeff Berkowitz, who shaped Miami-Dade County’s retail landscape, has died at 78. Berkowitz was from Boston and moved to South Florida, drawn by the climate and to attend the University of Miami School of Law. He started his Coconut Grove-based Berkowitz Development Group in 1985. He was still active in the firm as of last fall, when he shared…

Galbut, Lefferts’ Miami Beach car elevator OK’d amid opposition to condo project

A Miami Beach board greenlit a Live Local Act project’s mechanical car elevator, despite neighbors’ push to delay the vote. An entity tied to Russell Galbut of Miami-based Crescent Heights and Mendy Chudaitov of Lefferts, with offices in Miami and New York, plans a 15-story apartment building with 29 units and some office space at 1826 Collins Avenue. The project…

How New Yorkers Erik Rutter and David Weitz became Miami’s newest up-and-comers

When a 4.25-acre bayfront site in Miami’s Brickell district came on the market, conventional wisdom dictated that one of South Florida’s real estate dynasties would claim it. The Pérez family’s Related Group was in the running, while others that also have shaped Miami’s skyline showed some interest but had their hands full with other deals, according to a…

Miami judge disqualified from Trump library case after courtroom hug

The Miami-Dade state court judge overseeing the legal battle surrounding Miami Dade College’s land donation to President Donald Trump’s $950 million presidential library was disqualified from the case following an alleged display of bias to the case’s plaintiff. An appellate panel found Miami-Dade Circuit Judge Mavel Ruiz showed bias to local Miami historian and…

Messi Moved to Miami. So Did the Money.

Inter Miami fans cheering at a Major League Soccer match at Nu Stadium earlier this month. Walking around the Miami airport two weeks ago on a layover to South America, I witnessed Messi Mania in all its splendor. It seemed like everything in the airport was pink, the color of Inter Miami CF, the home soccer team, and the face of Messi was everywhere. His transfer to…

Miami-Dade commissioners again delay vote on Kelly Tractor headquarters outside UDB

Miami-Dade County commissioners again put off a controversial vote to decide whether to allow a heavy equipment dealer to build new headquarters outside the urban development boundary. Less than two weeks after the vote was deferred April 23, Commissioner Raquel Regalado again asked for more time, the Miami Herald reported Tuesday. Kelly Tractor wants to build new…

Viceroy Brickell – The Residences Opens In Miami’s Brickell District As Brand’s First Standalone Residential Tower Globally

Construction has completed on Viceroy Hotels & Resorts’ first standalone residential concept globally with the opening of Viceroy Brickell – The Residences, a 45-story condominium tower at the gateway of Brickell Avenue and the Miami River in Brickell. Developed by Related Group and GTIS Partners, the tower was designed by Arquitectonica with interiors by…

Miami Based Royal Caribbean orders two mammoth ships, expanding private resorts

Royal Caribbean Group, which is headquartered on PortMiami, last week ordered two more Finnish-built ships to be delivered in 2029 and 2030 as the cruise company expands its portfolio of ships and private resorts. “We expect another year of double-digit revenue and earnings growth,” Chairman and CEO Jason Liberty reported last week. “We are expanding our…

After 20 years, Arsht Center trust unveils plans for a parking garage in downtown Miami

The Adrienne Arsht Center for the Performing Arts is moving forward with plans to expand its campus, which is proposed to include performing arts studios and a permanent parking solution. Proposed by the Adrienne Arsht Center Trust, the project application has been submitted to Miami-Dade County for approval. The expansion would feature a six-story precast parking…

Miami-Dade construction outlook strong in low-hire, low-fire climate

Construction jobs in Miami-Dade County have been declining over the past year despite a strong demand for construction, experts say. There was a loss of construction jobs in the county by 1.6% over the past year to 60,200 total jobs as of February, according to the U.S. Bureau of Labor Statistics. “We have an outlook survey that we do at the onset of each…

Chart: Miami-Dade Improved Commercial Sales Activity; Building Toward a New Cycle

Miami MLS Commercial Improved $1.5-2M Number of Sales as Percentage of Average The 3-month rolling average of Miami MLS commercial improved sales in the $1.5–$2 million price range tells a clear story of a market that surged, corrected, and is now searching for a new equilibrium. After running close to the long-term average through early 2021, momentum built…

Miami Dolphins Owner Ross Laments Lack of Super Bowls Held at His Stadium

Formula One auto racing just wrapped up its latest installment of the Miami Grand Prix at Hard Rock Stadium, an event that underscored the busy schedule of events hosted by the home of the Miami Dolphins. But there’s a downside, said Dolphins owner Stephen Ross: Miami Gardens hasn’t hosted a Super Bowl since 2020, and that seems unlikely to change in the near…

Developers Secure $126 Million Construction Loan and Break Ground on Twenty Sixth & 2nd Wynwood Residences in Miami

Developers have secured $126 million in construction financing and commenced construction on Twenty Sixth & 2nd Wynwood Residences, an eight-story condominium building at 2600 Northwest Second Avenue in Miami’s Wynwood neighborhood. Designed by CUBE 3 with interiors by BAMO and developed by Property Markets Group and Lndmrk Development, the 250,397-square-foot…

New Renderings Reveal Nobu Residences At 619 Brickell In Miami’s Brickell District

New renderings reveal Nobu Residences at 619 Brickell, a planned 75-story residential tower in Miami’s Brickell district and the city’s first Nobu-branded residential development. Designed by Foster + Partners and developed by 13th Floor Investments in partnership with Key International, which is also leading sales, the tower will rise along Biscayne Bay and yield…

Dwight Capital Provides $130M Refi for North Miami Apartments

Omega Real Estate Management has sealed $130 million of agency-backed debt to refinance a newly completed multifamily property in North Miami, Commercial Observer has learned. Dwight Capital closed the cash-out Department of Housing and Urban Development (HUD) 223(f) loan for the developer’s nine-story the Gardens Residences development that debuted in 2024. The…

Continuum Lands $344M to Build Waterfront Complex in Miami’s North Bay Village

Ian Bruce Eichner’s Continuum Company secured a $344 million construction debt package from S3 Capital for a master-planned waterfront development in Miami’s North Bay Village enclave, Commercial Observer has learned. The gated development, called Continuum Waterfront District, will feature three buildings. The financing includes a $261 million construction loan…

McDowell Housing, Miami Jewish Health Open $139M Affordable Senior Living Community in Pembroke Pines

McDowell Housing Partners and Miami Jewish Health have completed the development of Douglas Gardens Senior Health and Living, a new affordable seniors housing community located in Pembroke Pines, roughly 25 miles northwest of Miami. Now open, the community totals 410 units reserved for residents age 55 and older earning 30, 60 and 100 percent of the area median income.

The Perrin Tops Out At 244 SW 9th Street In Brickell

Construction has topped out on The Perrin, a 26-story multifamily tower rising 313 feet at 244 SW 9th Street in Miami’s Brickell neighborhood. Developed by Empira Group, designed by Corwil Architects with interiors by OTJ Architects, and built by Jaxi Builders, the project will yield 310 rental residences, approximately 2,500 square feet of ground-floor retail…

META Development Completes Brickell Avenue Assemblage For Colette Residences And Secures $18.5 Million Loan

META Development has completed the land assemblage for Colette Residences, a five-story boutique condominium development planned for 1870 and 1880 Brickell Avenue in Miami’s South Brickell neighborhood. The developer also secured an $18.5 million acquisition and development loan from BridgeCity Capital to support the advancement of the 38-residence project, which is…

Developers secure $126 million construction loan for Airbnb-backed Wynwood condo project

Two Miami-based developers have secured a $126 million construction loan to break ground on a new condominium project backed by homestay provider Airbnb (Nasdaq: ABNB). PMG and Lndmrk Development used the financing to break ground Thursday on Twenty Sixth & 2nd Wynwood Residences, at 2600 N.W. Second Ave. in Miami’s Wynwood neighborhood. Madison Realty Capital and…

PMG, Lndmrk score $126M construction loan for Wynwood condos

PMG and Lndmrk Development landed $126 million in construction financing to build their short-term rental-friendly condo project in Miami’s Wynwood neighborhood. Madison Realty Capital and Siguler Guff provided the financing for the planned eight-story, 233-unit Twenty Sixth & 2nd Wynwood Residences at 2600 Northwest Second Avenue, according to a news release.

Lombardi, Fox Farm jump on spec suite trend with Wynwood office project

Leasing has launched at The Doris, a nearly finished 27,000-square-foot development that’s Wynwood’s newest office building. Lombardi Properties and Fox Farm Capital, both based in Miami, are developing the eight-story project at 153 Northwest 25th Street in Miami, according to the broker’s news release. Newmark’s Jeremy Hakala and Matt Himmelsbach are leasing…

Adam Neumann’s Flow buys 50% stake in Wynwood apartments

Adam Neumann’s Flow bought a 50 percent stake in Society Wynwood, with plans to renovate and rebrand the property. Flow is now a co-owner with Toronto-based private equity firm Greybrook of the property at 176 Northwest 25th Street and 2431 Northwest Second Avenue in Miami, according to a Flow news release. Flow bought out PMG’s stake in the building. Still Hunter…

Madison Realty Provides $126M for PMG to Build Wynwood Condo

PMG and Lndmrk Development have nabbed a $126 million construction loan for a condo project in Miami’s Wynwood neighborhood, the partnership announced.  The financing from Madison Realty Capital and private equity firm Siguler Guff will cover the eight-story Twenty Sixth & 2nd Wynwood Residences. Located at 2600 Northwest Second Avenue, adjacent to Northwest…

Eichners’ Continuum, Turkish partner score $350M financing for North Bay Village project

The Eichner family’s Continuum Company secured $350 million in financing for their mixed-use district planned in North Bay Village. The debt, which includes $261 million in construction financing for the first phase and $83 million in predevelopment financing for the second phase, marks the largest financing package in North Bay Village, according to a news release.

Continuum Obtains $350M Financing for Waterfront Condo Development in North Bay Village

Continuum Co. has obtained $350 million in construction loans for Continuum Waterfront District, a 4-acre master-planned development located along Biscayne Bay in North Bay Village. S3 Capital provided $261 million in financing for the Continuum Club & Residences West, a condo that broke ground in 2025, according to the South Florida Business Journal. The second…

Developers Close On $350 Million Loan For Continuum Waterfront District in North Bay Village

Continuum Company and joint venture partner Aksoy Holding have secured a $350 million financing package for the Continuum Waterfront District, a 4-acre master-planned development along Biscayne Bay in North Bay Village. The loan, provided by S3 Capital, includes $261 million in construction financing for Phase One at 1755 John F. Kennedy Causeway and $83 million in…

Bal Harbour Shops Owner To Pursue 2M SF Live Local Project After Village Rejects Settlement

With the backing of Florida’s attorney general, the family that owns the opulent Bal Harbour Shops is pursuing a supersized development that locals despise. Whitman Family Development, the real estate firm of the Whitman family that owns and operates the open-air shopping center, had agreed to a settlement with the village of Bal Harbour to shrink its original…

Developers With $114M Loan Advance Oceanfront Sunny Isles Residential Tower

Fortune International Group and Château Group are advancing their North Tower at The St. Regis Residences project in Miami. The City National Bank of Florida has provided the developers with a $113.75 million land loan to support the efforts, which was arranged by Berkadia. The site plans to deliver 150 units to Sunny Isles Beach area, with construction set to begin…

Seventeen Gables Residences Breaks Ground At 1715 Douglas Road In Coral Gables

Construction has broken ground on Seventeen Gables Residences, an eight-story, 117-unit condominium development at 1715 Douglas Road in Coral Gables. Developed by BAM Development and Ascendra Capital, the project is designed by Caymares Martin A&E Design with interiors by Asprea Studio. The milestone follows the closing of a $60 million construction loan provided…

City OKs expansion funds for Coral Gables Art Cinema

Coral Gables officials on Tuesday approved allocating additional funds toward expansion of the Coral Gables Art Cinema. The Coral Gables Art Cinema is set to receive $100,000 to cover the funding cap it has experienced since its 2019 expansion, and $350,000 funding approval by the city. “I led that effort via sponsoring, and I’m very proud of sponsoring that…

Bowery pays $66M for Hammocks apartments in West Kendall amid rise of non-institutional buyers

Bowery Properties bought an apartment complex for $65.5 million, as non-institutional investors gain ground in the South Florida multifamily market. Miami-based Bowery bought the 264-unit Cascades at the Hammocks at 10605 Hammocks Boulevard in the West Kendall neighborhood in unincorporated Miami-Dade County from Denver-based Grand Peaks, according to records and the…

Developer proposes new building on foreclosed Aventura site

A development group led by Bernardo Rieber and Noel Epelboim has a lender-owned property in Aventura under contract and has filed plans for a medical office condo there. The City Commission will consider the new site plan and several variances for the 1.63-acre property at 21291 N.E. 28th Ave. on May 5. It’s located about a block north of HCA Aventura Hospital in…

LeFrak Buys Fort Lauderdale Apartments For $180M: The South Florida Deal Sheet

South Florida’s largest condo developer sold a Fort Lauderdale apartment complex under the condition that its new owners won’t convert it into condos in the next seven years. Multiple entities tracing to New York real estate dynasty The LeFrak Organization purchased the Harbour at New River Apartments from The Related Group and Rabina Properties for $180M…

South Florida cities aim to fight housing crisis with controversial free land deals

South Florida officials are increasingly turning to a controversial tool to combat the region’s housing crisis: giving away public land to private developers at no cost. Examples include former Miami City Commissioner Joe Carollo’s no-bid Little Havana deals last year and a recent move to add affordable housing to the up-and-coming luxury enclave West Palm Beach.

Inside the Meruelo family schism

Developer David Martin is at the center of a rupture within the Meruelo family over control of the former Deauville Beach Resort, an oceanfront property he and the Meruelos’ are expected to co-develop into a luxury condo and hotel. The lawsuit, filed in April, accuses Martin and Richard Meruelo of orchestrating a scheme to manipulate and trick family matriarch…

H&M Development Plans Two-Phase Residential Development for Part of 200 Bonaventure Blvd in Weston

Aventura-based H&M Development intends to redevelop part of the Bonaventure Golf Club into senior living – pending approval from Weston’s City Commission. On May 4th, the Commission will vote whether to rezone 13.4 acres of the 180-acre golf course from “irregular residential (five)” and “golf course” to “irregular residential (28.44)” and…

Downtown Hollywood mixed-use project faces $121 million foreclosure

The Circ condominium, hotel and retail project that includes a Publix in downtown Hollywood could be seized in a $121.4 million foreclosure lawsuit. ARCPE 15 LLC, an affiliate of Miami Beach-based Arc Asset Management, filed a foreclosure complaint April 30 against HC Real Property LLC, Circ Hotel LLC, and Circ Residences LLLC, along with loan guarantors Charles…

Spirit Airlines’ Shutdown Puts $250M Dania Beach HQ In Limbo

Budget air travel company Spirit Airlines has grounded its operations for good. That could leave its recently developed South Florida headquarters vacant and up for grabs. Spirit shut down this weekend, sending passengers and other airlines scrambling to deal with the fallout of the abrupt collapse. The budget airline has been in Chapter 11 bankruptcy for most…

Related Group sells Fort Lauderdale apartment tower for $180 million

The Related Group and Rabina Properties sold the 36-story Harbour at New River apartments in downtown Fort Lauderdale for $180 million. TRG New River, a partnership between Miami-based Related Group and New York-based Rabina Properties, sold the 337 apartments at 401 S.W. 1st Ave. to 10 companies affiliated with New York-based LeFrak Organization. Northwestern Mutual…

LeFrak beefs up portfolio with $180M riverfront tower in Fort Lauderdale

The Pérez family’s Related Group sold an apartment tower on downtown Fort Lauderdale’s riverfront for $180 million, as deal flow persists despite a stubborn oversupply of apartments in South Florida. New York-based LeFrak Organization bought the 36-story, 337-unit Harbour at New River Apartments at 401 Southwest First Avenue from Coconut Grove-based Related Group…

LeFrak Buys Related Group’s New Multifamily Tower in Fort Lauderdale for $180M

The LeFrak Organization has acquired Related Group’s new waterfront rental tower in Fort Lauderdale, Fla., for $180 million, property records show.  The 36-story building, called Harbour at New River, houses 337 apartments on a 1.4-acre site at 401 Southwest First Avenue, facing the New River, a block west of South Andrews Avenue. Northwestern Mutual Life Insurance…

Developers Plan to Downsize Mixed-use Project at 8601 W Sunrise Blvd in Plantation

Shifting market changes have prompted two developers to downsize a mixed-use project in Plantation, FL. Initially, in 2023, Related Group and BH Group secured approval for residential and commercial space – specifically 512 residences and 24,970 square feet of commercial space. New plans call for a 24.8 percent reduction of residential space and a 51.5 percent…

Software Firm Found Liable For Fraud Lists 189K SF Sunrise Office

A global software and development company based in Sunrise is seeking takers for the 189K SF office building it purchased in 2021 after being ordered to pay customers $500K in a fraud lawsuit. Chetu Inc. has tapped an Avison Young team of Justin Cope, Greg Martin and Lisa Blumer to market its headquarters at 1500 Concord Terrace in Sunrise, Bisnow has…

Broward County to consider $10 land transfer for affordable housing

Broward County officials are set to consider a measure to transfer publicly owned land to a local developer with plans for a mixed-use project with some affordable housing units. At a May 12 meeting, members of the Board of County Commissioners will consider a resolution to transfer the vacant lot at 329 N.W. 27th Ave. in the Boulevard Gardens neighborhood in…

Pompano Beach townhouse community sells for $26 million

The Prestige at Palm-Aire townhouse rental community in Pompano Beach sold for $25.9 million. Pulso Dania Beach LLC, managed by Maor M. Benami of Pulso Capital Group in North Miami Beach, sold the 39 townhouses at 4091 Siena Circle to Singer Island-based Prestige Palm Triton LLC, managed by Leonard D’Amico, the co-CEO of D&F Development Group. Miami-based Ocean…

Waldorf Astoria Residences Pompano Beach Tops Out At 1350 South Ocean Boulevard

Construction has topped out on Waldorf Astoria Residences Pompano Beach, a 28-story oceanfront condominium tower at 1350 South Ocean Boulevard in Pompano Beach. Developed by Related Group and Merrimac Ventures in collaboration with Hilton, the project is designed by Nichols Architects in collaboration with KORA, with interiors by BAMO, landscape architecture by Enea…

Developer Seeks Approval for ‘The Tides at Deerfield Beach’ at 3116 Deer Creek Country Club Boulevard

Developer K Hovnanian intends to move forward with a townhome project in Broward County. The Tides at Deerfield Beach is slated to comprise 43 townhomes in five two-story buildings. Each three-bedroom home would feature a private parking garage, loft, and various energy-efficient appliances. The South Florida Business Journal reports that homes would span 1,740 to…

Tamarac church could be seized in $4 million foreclosure

The home of the Hub International church in Tamarac could be seized in a $3.76 million foreclosure lawsuit. Third World Missions, a Merritt Island-based nonprofit that often lends to churches, filed a foreclosure complaint April 27 against the Hub – Holy United Believers International, also a nonprofit. It concerns the 17,110-square-foot church at 6691 Nob Hill…

Property Reserve Drops $240M in Boca Raton

Property Reserve, the real estate platform of the Church of Jesus Christ of Latter-day Saints, has paid $240 million for Uptown Boca Villas, a 456-unit community in Boca Raton, Fla. The deal is one of the priciest multifamily transactions closed so far in 2026 in South Florida, according to The Real Deal. Cortland sold Uptown Boca Villas after five years of ownership.

From tithing to landlording: Mormon church drops $240M on Boca Raton apartments

The real estate investment of the Church of Jesus Christ of Latter-day Saints paid $240 million to acquire an apartment complex in Boca Raton, marking one of the priciest multifamily deals in South Florida this year. Records show an affiliate of the LDS Church’s Property Reserve bought the Uptown Boca Villas complex at 20927 95th Avenue South from Atlanta-based…

Mormon Church Buys Another Boca Raton Rental for $240M in Top So. Florida Deal

Property Reserve — the real estate investment arm of the Church of Jesus Christ of Latter-day Saints — paid $240 million for a rental complex in Boca Raton in South Florida’s largest multifamily sale so far this year. Called Uptown Boca Villas, the property totals 456 apartments across five buildings at 20927 95th Avenue South, west of the Florida Turnpike…

Delray Beach condo/retail development faces $7 million foreclosure lawsuit

The recently completed Aria residential and retail condominium building in Delray Beach could be seized in a $6.85 million foreclosure lawsuit. Athene Annuity and Life Co. filed a foreclosure complaint April 23 against 246 Delray Management LLC, along with loan guarantor Ronen Gershon. It concerns the project at 246 N.E. Sixth Ave. (U.S. 1). The five-story Aria has…

Trader Joe’s to open 1st store in West Palm Beach

Trader Joe’s plans to launch its first location in West Palm Beach. The Monrovia, California-based grocer will take 13,510 square feet at the mixed-use project under construction at 8111 S. Dixie Highway, a spokesperson confirmed to the Business Journal. That will include a 9,404-square-foot sales floor. The Housing Effect: How the Residential Market is Shifting A…

West Palm Beach retail development plan could be scrapped for a warehouse

A site near West Palm Beach that was approved for a commercial center and a gas station could instead be developed as industrial. The Palm Beach County Zoning Board will consider abandoning the previous site plan for the 8.13-acre property at 8530 Belvedere Road and approve the new site plan on May 7. It was previously approved in 2022 for a gas station, retail and a…

Lease roundup: Japanese temaki restaurant Nami Nori coming to West Palm Beach’s Nora District

A Japanese temaki restaurant will open at the Nora District in downtown West Palm Beach, marking its second South Florida outpost. Launchpad Hospitality will open Nami Nori in a 4,300-square-foot space at 855 North Railroad Avenue and will include patio dining, according to a Nora and Launchpad news release. Launchpad is led by chefs Takahiro Sakaeda, Taka Sakaeda and…

Pharrell Williams’s Nami Nori Hand Roll Concept to Open in West Palm Beach

Nami Nori, the hand roll restaurant backed by musician Pharrell Williams, is coming to West Palm Beach, Fla. The firm behind the Japanese-inspired concept, Launchpad Hospitality, inked a 4,300-square-foot lease within West Palm’s new Nora District, according to the landlord, a joint venture led by Place Projects.  The restaurant, which will include an outdoor…

Bass Pro Shops proposes 80,000-square-foot location in Palm Beach Gardens

Bass Pro Shops could open a new location in Palm Beach Gardens. In a project narrative filed with the city earlier this month, Jacksonville-based Regency Centers Corp. (Nasdaq: REG) requested a major planned unit development amendment for the site at the intersection of Jack Nicklaus Drive and U.S. 1, part of the Oakbrook Square Shopping Center. The new two-story…

Condo, hotel, or condo-hotel? Singer Island Amrit resort under investigation

As legal challenges mount at the Amrit Ocean Resort on Singer Island, Riviera Beach’s police department is now investigating complaints from buyers that they were misled about their units’ eligibility for Florida’s homestead property tax exemption. Owners say they were led to believe they were buying condo units at Amrit Ocean, which is classified as a hotel and…

Florida’s Brightline Seeks Rescue to Avoid a Possible Bankruptcy

Florida’s Brightline high-speed rail project is seeking options to address its debt load that avoid sending the Fortress Investment Group-backed firm into a possible bankruptcy, according to people familiar with the matter. Brightline has recently revived efforts to find third-party investors, the people said, asking not to be identified discussing private…

Institutional Money Targets Small-Bay Industrial But Margins Tighten

Institutional capital is pouring into small-bay industrial, but the real edge is shifting away from buying power toward operational discipline and deal access. The sector, which accounts for more than half of US industrial inventory yet receives less than a quarter of new development, has become increasingly competitive as investors chase a limited pool of assets.

Inside Rishi Kapoor’s collapse: The investors, officials and insiders who could be part of his federal case

Rishi Kapoor is a long way away from the days when he wore snazzy suits, drove around town in a McLaren, hosted soirees on his yacht and dazzled investors with his vision for developing luxury condos and co-living mixed-use projects across South Florida. Since his real estate development career imploded three years ago, Kapoor was unemployed, residing in Atlanta…

Brightline’s $2B debt threatens financial derailment

Brightline is narrowing its losses, but the private passenger rail service is hitting a wall of debt that threatens its future. Outside auditor Ernst & Young raised a red flag in preparing Brightline’s 2025 financial statements, stating the company lacks the liquid funds necessary to service its massive debt and meet upcoming obligations, WLRN reported. The rail…

Brightline cuts losses yet ‘substantial doubt’ remains it can avoid bankruptcy

Brightline lost less money last year than it did in 2024, but worries are mounting about its ability to stay solvent. The private passenger train service “has stated that it does not currently have the liquid funds necessary to service its debt and meet such other obligations as they become due,” wrote its outside auditor Ernst and Young, which prepared…

Small but Steady Gains Define the U.S. Apartment Market in 2026

For the first time in seven months, U.S. apartment occupancy rose back above the essentially full mark of 95%. After steadily declining throughout the back half of 2025, apartment occupancy increased in each of the first four months of 2026. U.S. occupancy hit 95.2% in April, after rising 20 basis points (bps) since March and a total of 60 bps since bottoming out at…

U.S. Office Market Stable, Growth in Key Markets

The U.S. office sector began 2026 on a markedly firmer footing. After multiple years of disruption driven by hybrid work adoption, capital market uncertainty, and elevated vacancy, fundamentals are stabilizing nationally, with clear signs of improvement in select gateway and innovation-driven…

Rebalancing Gains Momentum as Supply Falls and Demand Holds Steady

Explore how shifting supply trends and resilient demand are reshaping the U.S. industrial landscape in Q1 2026. This report delivers detailed insights across major markets, highlighting where vacancy is stabilizing, where demand is strongest, and how construction and rent trends are evolving. Download the full report to uncover key opportunities, risks, and strategies…

Big Box Market Rebounds: Demand Surges and New Supply Shrinks

The North American big box industrial market turned a corner to finish 2025, as strong leasing and absorption combined with a sharp pullback in construction to bring supply and demand back into alignment. Vacancy began to decline after peaking in 2024, while rents stabilized across most markets. Recovery has been led by inland and high-growth logistics hubs, though…

Top US Apartment Owners Discuss Real Estate Megamerger

The AvalonBay Communities Inc. condominium in New York. AvalonBay Communities Inc. and Equity Residential are considering a potential combination that could reshape the US apartment market, people familiar with the matter said. The real estate investment trusts, which are among the biggest apartment developers in the US, have held exploratory talks over what would be…

Economic policy uncertainty and aggregate economic activity in India

How does economic uncertainty affect the economy? Uncertainty about economic policy can shape the decisions of households and firms. When the policy environment becomes less predictable, for example, households and firms may adjust their spending and investment behavior. This post looks at how uncertainty co-moves with consumption, investment, and output in…

Video: Commercial Real Estate Debt Market 2026 with First American Senior Commercial Real Estate Economist Xander Snyder

Navigating the Shifting Tides of Commercial Real Estate: A Deep Dive into the Wall of Maturities and Market Dynamics In the ever-evolving landscape of commercial real estate, the conversation around loans, mortgages, and the so-called “wall of maturities” has become increasingly pertinent. This topic was the focal point of a recent episode of America’s…

A new airport? A larger port? All that was said at the ‘State of the Ports’ in Miami

County leaders are exploring the possibility of a second airport as Miami International Airport could reach capacity. Once a year, leaders in transportation and trade come together to discuss the “State of the Ports” and what the future holds. Last week, the county commission moved forward with studying the possibility, warning that Miami International Airport…

Live Local Act project could replace Miami-Dade automotive building

A used car sales building near Allapattah could be demolished to make way for apartments via the state’s Live Local Act. Interlik LLC, managed by Elias Kasabdji in Doral, filed a pre-application with Miami-Dade County officials for the 0.95-acre site at 2801 and 2825 N.W. 35th St. It currently has 13,035 square feet of automotive/warehouse buildings. The developer…

“Miami’s open for business”: Ken Griffin doubles down on offices at his Brickell supertall

Billionaire Ken Griffin is bolstering the office space at his Brickell supertall that will serve as Citadel and Citadel Securities’ headquarters, with the firms potentially taking additional square footage. Griffin now is developing a standalone 54-story, 1.7 million-square-foot office tower, nixing the planned hotel, Commercial Observer reported. Although the news…

“Buyer beware”: Miami Aston Martin condo owners allege litany of construction defects in latest lawsuit

The condo association for the Aston Martin Residences sued the developer, general contractor and team that designed and built the waterfront condo tower in downtown Miami, adding to legal woes surrounding the project. 300 Biscayne Boulevard Way Condominium Association filed a lawsuit earlier this month against an affiliate of the Coto family’s G&G Business…

Shahab Karmely’s KAR picks up AllSaints-leased building on Lincoln Road in Miami Beach

Shahab Karmely is joining a group of real estate players banking on a comeback for Lincoln Road. Karmely’s New York-based KAR Properties bought the retail building at 910 Lincoln Road in Miami Beach, which is leased to British fashion brand AllSaints, for $15 million, according to records. Miami-based Torose Equities, led by Scott Sherman, sold the building after…

Kelly Tractor’s bid to develop headquarters outside Miami-Dade UDB deferred

A polarizing proposal for a 2.2 million-square-foot industrial campus outside the Urban Development Boundary is still in limbo. Heavy machinery supplier Kelly Tractor, which provides Caterpillar and other construction and mining equipment, wants to develop a headquarters on the northwest corner of Northwest Sixth Street and a Dolphin Expressway on- and off-ramp in…

GL Homes’ Calusa golf course redev in Miami-Dade approved after years of opposition

A controversial proposal for a residential development on a golf course finally scored approval more than five years after it first surfaced. GL Homes wants to develop 524 single-family homes on the closed 168-acre Calusa golf course at 9400 Southwest 130th Avenue in unincorporated Miami-Dade County, near Kendall. Miami-Dade commissioners, sitting as the comprehensive…

US, Israeli buyers acquire 72 units at Adam Neumann’s Flow House in Miami

A group of Israeli and U.S. investors acquired 72 units at billionaire Adam Neumann’s Flow House at Miami Worldcenter condo project. The investors paid a combined $45 million for the condos, which represent about 15 percent of the 40-story, 466-unit building at 697 North Miami Avenue, according to a news release. Pulse International’s Rena Kliot arranged the deals.

Anantara of “White Lotus” fame to brand first US hotel, condo tower in Miami

One Thousand Group is working with Anantara Hotels & Resorts, of “The White Lotus” fame, to brand its planned condo tower in Edgewater. One Thousand Group, led by Kevin Venger, Louis Birdman and Michael Konig, secured a deal with Anantara’s parent company, Bangkok-based Minor Hotels, for the 50-story building at 3601 Biscayne Boulevard in Miami, Forbes first…

Miami mayor warns of big budget cuts if property taxes are eliminated

The City of Miami is preparing a budget scenario that would cut a quarter of the city’s spending. “We’re going to budget like we normally budget, but we have to have contingencies,” Miami Mayor Eileen Higgins said Tuesday morning at a Bisnow real estate event moderated by WLRN’s Tom Hudson. The city’s budget year begins in October. It will be the first since…

Ken Griffin Expanding Office Footprint at Planned Miami HQ Amid Mamdani Spat

Citadel billionaire Ken Griffin is expanding the office footprint at his planned headquarters tower in Miami and is considering whether to take additional space for his companies following a public taunt from New York Mayor Zohran Mamdani, Commercial Observer has learned. The mogul is already scrapping the hotel component within the 54-story Miami development, turning…

Erik Rutter and David Weitz’s Oak Row Equities Has Proven a Master of Miami

Erik Rutter and David Weitz met as recent grads while working in New York at Tishman Speyer. After just three years at the real estate behemoth, the two struck out on their own, launching the firm now known as Oak Row Equities in 2018.  The initial goal was to develop in Miami the kind of real estate they themselves wanted to inhabit, since the two were only 25 and…

City OKs suit to get fire station at Mercedes-Benz condos in downtown Miami

The City of Miami is moving toward legal action against the developer of Mercedes-Benz Places at One Southside Park after it failed to deliver a new Fire Station No. 4 required under a 2023 public benefits agreement tied to the high-profile Brickell project. The Miami City Commission voted unanimously April 23 to authorize the city attorney to take all legal action…

A Miami City Commission Recap: Parks, Preservation, and The Hangar

Dorothy Wallace got her birthday wish last week – a little late but right on time. Wallace, whose family owns the historic Ace Theater on Grand Avenue, turned 97 on April 6. On Thursday, she asked the Miami City Commission to approve a $200,000 grant to help her family revive the former “colored only” movie house that stands as a sentinel of Coconut Grove’s…

Second Phase Of One Twenty Brickell Development Announced In Miami

One Twenty Brickell Signature Residences has been announced as a 40-story condominium tower in Miami’s Brickell neighborhood. The project is being developed by PMG and designed by Sieger Suarez Architects as the second phase of the One Twenty Brickell development, following the sellout of One Twenty Brickell Residences at 120 Southwest 8th Street. Construction is…

Miami Beach Development Review Board to Consider 28-Story High-Rise at 1250 West Ave in Miami Beach

Florida YIMBY has learned of an update regarding a high-rise venture slated for Miami-Dade County. Our initial November 2024 report shared that JDS Development Group was proceeding with a 29-story tower that would feature 100 condos and a 180-seat ground-floor restaurant. Now, JDS Development Group has teamed up with Terra to form a joint venture, 1250 West Ave Owner…

‘The Miami Design Residences by Fouquet’s’ Set for Miami Design District at 39 NE 39th St in Miami

A luxury hotel/condo project is set for Miami’s Design District. The Miami Design Residences by Fouquet’s will measure 25 stories above grade and feature condos, hotel rooms, and commercial space. Specifically, regarding the residential aspect, plans call for 143 luxury condos, with floorplans ranging from one-bedroom to four-bedroom models. Condos will…

Anantara Miami Resort & Residences Announced for 3601 Biscayne Boulevard in Edgewater

One Thousand Group, the Miami-based development firm led by co-founders Kevin Venger, Louis Birdman, and Michael Konig, together with Minor Hotels, has announced Anantara Miami Resort & Residences, a planned 50-story, 650-foot mixed-use tower at 3601 Biscayne Boulevard in Miami’s Edgewater neighborhood. The project will mark the debut of the Anantara brand in…

‘Adela on the Park’ Gets $123.8 Million in Financing at 6445 NE 7th Avenue in Miami

Real estate developer ACRE has received funding for the second phase of Adela at MiMO Bay in Miami. Canyon Partners Real Estate provided the $123.8 million senior loan. Adela on the Park will comprise exactly 282,611 rentable square feet, offering 327 residences. Twenty homes will be designated as affordable housing; Miami-Dade County notes that affordable housing…

Developer plans condos after buying Brickell site for $11 million (Photos)

Meta Development completed its land assemblage on Brickell Avenue in Miami and obtained an $18.5 million loan to support the acquisition and pre-development activities for a condo project. As confirmed by property data firm Vizzda, Meta Development affiliate Meta 1870 LLC recently paid a combined $11 million to five condo owners in the Houses of Brickell Condominium…

Related, Terra in talks to buy out waterfront condo next to Mandarin Oriental site on Brickell Key

The Pérez family’s Related Group and David Martin’s Terra are negotiating a condo buyout with owners at a waterfront building on Miami’s Brickell Key, signaling the next wave of redevelopment for the man-made island, The Real Deal has learned. A buyout of the 134-unit building at 800 Claughton Island Drive would likely exceed $1 million per unit, with one…

Cain, Kushner launch South Florida JV with plans for Edgewater rental tower

Cain and Kushner are launching a South Florida real estate joint venture, planning a luxury apartment tower in Edgewater for their first project, The Real Deal has learned. London-based Cain, led by Jonathan Goldstein, and New York-based Kushner, led by Laurent Morali and Nicole Kushner Meyer, plan a 40-story, 364-unit project on Cain’s 1.5-acre site at 614 and 720…

“Pitiful amount”: Buyouts as low as $2,500 as Little Havana trailer park faces closure

The Silver Court Mobile Home Park in Miami’s Little Havana is set to close later this year, marking the latest casualty of Miami-Dade County’s building boom that’s squeezing out older affordable housing. Residents of the 65-year-old complex at 3200 Southwest Eighth Street were notified last month that it will close in September, displacing more than 200 families…

As Development Boom Comes For Little Haiti And Little River, Pressure Builds To Prevent Displacement

Developers are descending on Little River and Little Haiti with some of the largest projects in Miami history, promising new luxury apartments, retail and commercial space. But first, they need to tear down wide swaths of the communities, including dozens of public housing buildings and surrounding warehouses to make space, fueling fears that residents living in…

Playing hardball: Bal Harbour won’t settle for scaled down Whitman Family project

Bal Harbour is choosing to fight it out in court instead of settling its battle with the developers planning a controversial mixed-use project. The village council on Monday unanimously voted against a settlement with Whitman Family Development, even though the agreement would have meant a scaled down project at Whitman’s luxury Bal Harbour Shops, CBS News Miami…

La Baia North Tops Off At 9481 East Bay Harbor Drive In Bay Harbor Islands

Construction has topped off on La Baia North, an eight-story, 57-residence boutique bayfront condominium at 9481 East Bay Harbor Drive in Bay Harbor Islands. Developed by Continuum Company and designed by Luis Revuelta, with interiors by Durukan Design and landscaping and pool design by C. Wright Studios, the waterfront project is being built by Jacob Companies, with…

Lease roundup: Chef Eyal Shani opening Naked Tomato at Moxy hotel in South Beach

Chef Eyal Shani will open a new restaurant at the Moxy Miami South Beach hotel. Naked Tomato, inspired by roadside flavors found at Israeli gas stations and channeling the spirit of a modern diner, will open on May 14 in a 4,600-square-foot space, including 2,900 square feet for front of house operations, according to Shani’s news release. Moxy is at 915 Washington…

Château, Fortune score more construction debt for St. Regis Sunny Isles

Manuel Grosskopf’s Château Group and Edgardo Defortuna’s Fortune International Group secured an additional $113.8 million in construction financing for their planned St. Regis Residences in Sunny Isles Beach. City National Bank of Florida provided the developers the loan for the 150-unit planned north tower of the project slated for the 4.7-acre site at 18801…

Fortune International Group and Château Group Secure $113.75 Million Loan for North Tower of The St. Regis Residences in Sunny Isles Beach

Fortune International Group and Château Group have secured $113.75 million in development financing for the North Tower of The St. Regis Residences, Sunny Isles Beach, Miami, an oceanfront condominium development at 18801 Collins Avenue in Sunny Isles Beach. The loan, provided by City National Bank of Florida and arranged by Berkadia’s Miami office, will support…

City National Bank Provides $114M Construction Loan for Luxury Condo in Sunny Isles Beach

Fortune International Group and Château Group have secured $113.75 million in construction financing to build the second tower of The St. Regis Residences Sunny Isles Beach, a new 320-unit luxury condominium just outside of Miami, Fla. City National Bank of Florida provided the financing, structured as a land loan, while Berkadia Miami team of Scott Wadler…

Elemi at Grove Village Phase Two Goes Vertical at 3384 Grand Avenue in Coconut Grove

As it stands, Elemi at Grove Village is a 46-unit rental community located in Miami’s Coconut Grove neighborhood. The venture initially broke ground in 2023 and was completed two years later in 2025. Now, our sources have shared that the second phase of Elemi at Grove Village is slated to go vertical. The luxury five-story development will bring 27 residences to…

‘Cora Merrick Park’ Set for 2028 Completion at 4241 Aurora Street in Coral Gables

Construction has started on Cora Merrick Park, a condominium in Coral Gables. The venture is set to measure 13 stories above grade and feature 74 condos. The one-bedroom to three-bedroom homes will measure 678 to 2,651 square feet. Residences will come outfitted with private balconies, 10-foot-high ceilings, and stone flooring. Homes are currently priced from…

“Scarface” mansion hits market for $237M, priciest in South Florida

Investor John Devaney is looking to cash in on his waterfront compound in Key Biscayne for $237 million, marking the most expensive home for sale in South Florida, and the second priciest in the state. Devaney, founder and CEO of Miami-based United Capital Markets, listed his 2.4-acre property at 485 West Matheson Drive with Jill Eber and Judy Zeder of the Jills Zeder…

South Florida Multifamily Market Report | 2026 Q1

Despite easing interest rates, multifamily sales activity in South Florida remains subdued as elevated insurance and operating costs influence pricing, even as cap rates hold steady near 5.0% and help support values. The quarterly sales volume totaled $946 million in Q1 2026, significantly below the five-year average of $1.9 billion. However, the four-quarter trailing…

“Deceptive and callous”: Lawsuit accuses David Martin, Richard Meruelo of $100M scheme targeting matriarch Belinda Meruelo

Family matriarch Belinda Meruelo was celebrating her 88th birthday at an office party two years ago when she was allegedly lured into a closed-door meeting and “manipulated and tricked” into signing away an interest in the oceanfront Deauville Beach Resort property, according to a scathing lawsuit filed this week. David Martin’s TMG 67 Communities acquired a 25…

Construction Complete On Douglas Gardens Senior Health And Living In Pembroke Pines

Construction is complete on Douglas Gardens Senior Health and Living, a 410-unit affordable senior housing community at 711 and 713 SW 88th Avenue in Pembroke Pines. Developed by McDowell Housing Partners and Miami Jewish Health, the more than $139 million mixed-income project was built by ANF Group and designed by REPRTWAR Architecture and Design, with Keith &…

Related, BH Group Land $360M for Hollywood Condo Project

A partnership between Related Group and BH Group has secured a $360 million construction loan for Icon Beach Waterfront Residences, a 350-unit, dual-tower condominium project in Hollywood, Fla. Tyko Capital issued the note. The development is scheduled to break ground in May 2026, with delivery slated for 2028. The joint venture launched sales at Icon Beach in 2024…

Related Group, BH add to their Hollywood pipeline with $360M construction loan

The Pérez family’s Related Group and Isaac and Liat Toledano’s BH Group secured $360 million in construction financing for their Icon Beach Waterfront Residences, a two-tower luxury condo project in Hollywood. Adi Chugh’s Tyko Capital is the lender, according to a news release. The loan adds to a pipeline of construction financing developers have secured for…

Related, BH Land $360M to Build Waterfront Condo Tower in Hollywood

The Pérez family’s Related Group and BH Group secured a $360 million construction loan from Tyko Capital for a waterfront luxury condo tower in Hollywood, Fla., Commercial Observer has learned. Called Icon Beach Waterfront Residences, the 38-story development will house 350 units at 3724 South Ocean Drive, facing the Intracoastal Waterway, adjacent to the…

$360 Million Construction Loan Secured For Icon Beach Waterfront Residences In Hollywood

Related Group and BH Group have secured $360 million in construction financing from Tyko Capital for Icon Beach Waterfront Residences, a planned 38-story condominium tower along South Ocean Drive in Hollywood Beach. Designed by Cohen Freedman Encinosa & Associates, with interiors by Meyer Davis and landscape architecture by Witkin Hults + Partners, the development…

Related, BH to downsize Plantation multifamily project amid stagnant rents

The Pérez family’s Related Group and Isaac Toledano’s BH Group are seeking to downsize a planned mixed-use development in Plantation. The developers will present a revised plan for significantly reduced Plantation City Center to the city council Wednesday, the South Florida Business Journal reported. Related and BH initially received approval in 2024 for the…

Broward Health Begins Construction on New Medical Office Building at 201 East Sample Road in Deerfield Beach

Construction has begun on a new medical office building at Broward Health North, a six-story, 127,033-square-foot healthcare facility located at 201 East Sample Road in Deerfield Beach. The project is being developed by Broward Health, with design by The Beck Group in collaboration with DMZ Architects, and DPR Construction serving as the general contractor. Remedy…

Bain Capital Buys Pompano Beach Industrial Campus for $52M

Kurv Industrial, formerly called Bridge Industrial, has sold a warehouse campus in Pompano Beach, Fla., for $52 million, property records show. Bain Capital Real Estate purchased the 17-acre asset, called Bridge Point Pompano Beach Commerce Park. The property includes three warehouses totaling 380,496 square feet. All were built in the 1980s and 1990s. The…

Blackstone adds to industrial haul with $196M Boynton Beach deal

Blackstone’s Link Logistics picked up an eight-building portfolio in Boynton Beach for $195.9 million, adding to its South Florida industrial haul. New York-based Link Logistics bought the properties at 1920, 2017, 2027, 2045 and 2047 High Ridge Road; 3402 and 3602 Quantum Boulevard; and 1103 West Gateway Boulevard from San Francisco-based Prologis, according to…

Blackstone Pays $200M for Boynton Beach Industrial Portfolio

Less than a month after buying an industrial campus in South Florida, Blackstone has paid nearly $200 million for another warehouse portfolio. The private equity giant’s affiliate, Link Logistics, bought eight buildings spanning 798,716 square feet in Boynton Beach from Prologis for $195.9 million. In the most expensive part of the transaction, the buyer paid $84.

Related Urban, Forest, Sonnenblick vie for Riviera Beach’s Marina Village dev rights

Three developers are competing for rights to build a massive mixed-use project at the Riviera Beach-owned Marina Village, months after an FBI investigation delayed action on the proposals. Related Urban, Forest Development and Sonnenblick Development submitted plans to build condos, hotels and retail on 12 acres near the Intracoastal Waterway at Marina Village, which…

Forest Development strikes deal to buy Riviera Beach land for $4M-plus

Riviera Beach officials want to sell 2.2 acres of publicly owned land to Peter Baytarian’s Forest Development for at least $4.5 million, plus possible contributions to a fund meant to help offset rate hikes from a $400 million water plant. City officials approved a non-binding term sheet Wednesday to sell 1851 Broadway to Baytarian for between $3.8 million and $7.8…

Self-Storage’s Original Sin

It turns out not everyone loves self storage as much as we do, but grouping it into a sin tax with tobacco, liquor, and guns is going a little too far. Yet, that’s exactly what Prince George’s County, Maryland, has done. This county of nearly one million residents, located just outside Washington, D.C., recently passed an ordinance imposing a $5,000 annual fee on…

Elevated Concession Activity Persists Across U.S. Apartment Market

U.S. apartment concession use increased slightly in March. Nationwide, average concession usage among stabilized units ticked up 0.2 points to 16.9% in March 2026, according to data from RealPage Market Analytics.  This concession activity marked a 5.1 point increase year-over-year and holds at the highest average level of monthly concession activity since mid-2014.

Office demand nationally rebounds to highest level since Covid pandemic began

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. Retail Monthly Foot Traffic & Sales Analysis | March 2026

Retail activity strengthened in March, supported by seasonal tailwinds and continued consumer engagement, though emerging cost pressures suggest momentum may moderate in the months ahead. March delivered one of the strongest retail performances seen since spring of last year. Retail sales increased 4.5% year over year, while foot traffic rose 1.7%, reflecting steady…

The Fed: From net oil importer to net oil exporter; shifts in the role of petroleum in the US economy

Military conflict and geopolitical tensions in the Middle East tend to be associated with disruptions in the global supply of oil. These disruptions can raise both the level and the volatility of the price of oil. And rising oil prices have many direct and indirect macroeconomic effects. Oil is an important intermediate input in the production of…

One Of Miami’s Last Big Development Sites Hits The Market For $500M

A nearly 7-acre development site in Miami’s Park West neighborhood is up for grabs for buyers willing to part with half a billion dollars or more. Marc Roberts Cos., led by Marc Roberts, and Lion Development Group, led by Michael and Ron Simkins, have tapped CBRE to market the site, which could be developed with thousands of apartments or condos across more…

Rivani to Spend Another $50M Adding Office, Restaurant Space to Miami Beach Building

Robert Rivani wants to expand his mixed-use, Miami Beach building near Lincoln Road by converting the garage into more leasable space.  The proposal would add between 36,000 and 40,000 square feet of office space and a 6,000-square-foot rooftop restaurant at 1691 Michigan Avenue, a block north of Lincoln Road, facing 17th Street, according to an application to the…

Developer wins approval for 541 apartments in Miami Lakes after dropping denser plan

The family-owned Graham Cos. has won approval to build 541 apartments on Miami Lakes. The Town Council approved the rezoning, future land use amendment and site plan for the project at 14610 Oak Lane by a vote of 5-2 late on April 21. Attorney Javier L. Vazquez of Gunster, which represented the developer in the application, said the 22.2-acre vacant property was…

Developers to demolish older condos in Miami Beach, seek approval for high-rise

Terra is seeking approval for a 28-story condo along Biscayne Bay in Miami Beach. The city’s Development Review Board will consider plans for the 1.91-acre site at 1250 West Ave. on May 14. It currently has the 238-unit Bay Garden Manor Condominium, which was built in 1964. It would be demolished to make way for the new condo. In September, 1250 West Ave Owner LLC…

Cava expands in Miami, pizzeria set for Las Olas and seafood spot to open in Palm Beach (Photos)

Cava opened a new restaurant in Miami-Dade County on April 17. The Mediterranean-inspired fast-casual concept added a Kendall outpost at the Palms at Town & Country shopping center, located at 8746 Mills Drive. With daily hours from 10:30 a.m. to 10 p.m., the brand serves customizable bowls, pitas, dips and dressings. Cava, a publicly traded restaurant chain based in…

Firm of Miami Heat co-owner buys Broward retail center for $37.5 million

An affiliate of RK Centers, led by Miami Heat minority owner Raanan Katz, purchased most of the Turtle Crossing shopping plaza in Coral Springs for $37.5 million. CH Realty IXR Coral Springs Turtle Crossings, part of Dallas-based Crow Holdings, sold 90,057 square feet of retail at 5860 and 5760 Wiles Road, plus 4180 and 4220 N. State Road to RK Turtle Crossing LLC…

North Miami Beach office sells for $10.2 million

• Miami Beach-based GFL Environmental closed on its acquisition of Frontier Waste Solutions, a network of solid waste assets across 24 sites in Texas. www.gflenv.com. • 13th Floor Investments received a temporary certificate of occupancy for Parks at Hallandale, a 398-apartment development at 200 E. Pembroke Road in Hallandale Beach. Residents of the first two…

ACRE Secures $124M for Residential Project in Upper East Miami

Residential-focused private equity firm ACRE has secured a $123.8 million loan to support a mixed-use multifamily project in Miami. Canyon Partners Real Estate LLC provided the senior loan for the project known as Adela on the Park that will feature a total of 337 residential units. This marks one phase of a broader development in the Upper East neighborhood, which…

Miami Retail Rents Drop 9% as Absorption Plummets

Miami-Dade County’s retail sector is seeing some disruption, from weaker demand to free-falling rents. For one, net absorption flipped to negative territory at -381,000 square feet in the first quarter compared with the +97,400 square feet in the same period a year ago. Another issue is rising vacancy, which climbed by 60 basis points year-over-year to 3.3 percent…

Aston Martin Residences Miami Developer, Builders Sued By Buyers For Cracked Concrete, Pool Leaks

The residents of the world’s first Aston Martin-branded residential project are adding construction defects to their growing list of issues with the building’s developer after previously accusing it of siphoning funds from their condo association and failing to deliver luxury amenities. The association filed suit last week alleging negligence by the developer…

Multifamily construction financing flows in Miami as developers score $172M in loans

Developers landed a combined $171.5 million in construction loans for two projects that will add nearly 500 apartments to Miami, even as a multifamily oversupply lingers over South Florida. Acre scored $123 million to build the six-story, 337-unit Adela II complex just off Biscayne Boulevard at Northeast 64th Street in the MiMo Biscayne Boulevard Historic District…

The New York developers building in the city’s sixth borough (Miami)

Miami is joked of as New York City’s sixth borough, but the relationship between the two cities’ real estate industries is serious. The flight path between New York City and Miami International is one of the busiest domestic routes in the country, and some of Manhattan’s biggest developers have been flying south to invest billions in projects throughout the…

Terra, Suntex take another stab at Miami Beach Marina redevelopment

Terra and Suntex Marinas filed plans to redevelop the Miami Beach Marina, proposing a 14-story office building. The development would replace the three-story building at 344 Alton Road that includes Monty’s Sunset restaurant, the South Florida Business Journal reported. The Miami Beach Commission is expected to refer the proposal to a committee next month before it…

Carlos Rosso, Alex Vadia complete first new condo dev in Midtown Miami since 2018

Developers Carlos Rosso and Alex Vadia completed the Standard Residences, Midtown Miami, marking the first Standard-branded condos in South Florida. Rosso’s Rosso Development and Vadia’s Midtown Development teamed up with Hyatt on the 12-story, 228-unit building at 3100 Northeast First Avenue. They secured their temporary certificate of occupancy and began…

Investor Aaron Butler scoops up Lincoln Road site in Miami Beach where Noble 33 plans restaurant

Real estate broker and investor Aaron Butler bought a vacant Lincoln Road site, with plans for a new building where hospitality group Noble 33 is expected to open its Mēdüzā Mediterranïa restaurant. Butler, who heads Miami Beach-based commercial property firm Avenue Real Estate Partners, paid $8.4 million for the quarter-acre lot at 500 Lincoln Road, which has…

Miami/Park West dev site listed for $500M next to E11even residences

Michael and Ron Simkins’ Lion Development Group and Marc Roberts want to offload a 6.6-acre development site in the downtown Miami/Park West area, with an asking price of $500 million, The Real Deal has learned. The assemblage is at 1151 Northwest First Avenue, north of the Miami Worldcenter mixed-use complex, according to a news release from CBRE, which is…

The Standard Residences, Midtown Miami Now Complete, Closings Commence

The Standard Residences, Midtown Miami, a 12-story, 228-unit condominium at 3100 NE 1st Avenue in Midtown Miami, is now complete. The building has received its temporary certificate of occupancy and commenced closings. Rosso Development, Hyatt, and Midtown Development are the project’s developers. Per a recent press release, the building is nearly sold out.

Construction Reaches 50th Floor on Okan Tower at 555 North Miami Avenue in Downtown Miami

Construction has reached the 50th floor on Okan Tower, a 902-foot mixed-use skyscraper underway at 555 North Miami Avenue in Downtown Miami. Developed by Okan Group and designed by Behar Font & Partners, the tower is now at roughly 75 percent structural completion, with 22 floors remaining to reach its full height of 72 stories.

Sweeping plans for University of Miami campus revamp

As the University of Miami enters its second century, it is mapping a sweeping transformation of its Coral Gables footprint, including new student housing, plans for its first full-service hospital on the main campus and a proposed seven-story football operations center tied to a broader 10-year strategy for growth and modernization. The university’s expansion is…

Cipriani Residences Miami Reaches 872 Feet, Becomes Miami’s Tallest Residential Tower

Construction has reached 872 feet at Cipriani Residences Miami, an 80-story condominium tower rising at 1420 South Miami Avenue in Brickell. Developed by Mast Capital and designed by Arquitectonica with interiors by 1508 London, the building has surpassed the 868-foot roof height of Panorama Tower and now stands as the tallest residential tower south of Manhattan.

‘Duos Wynwood’ Set for 2028 Unveiling at 335 Northwest 28th Street in Miami

Three developers are proceeding with a luxury hotel-condo project in Wynwood. Duos Wynwood is set to measure eight stories above grade and feature 49 units. Floorplans would range from studios to two-bedroom units, measuring 400 to 900 square feet. Specifically, there are five distinct models: the studio suite, the gallery suite, the junior suite, the one-bedroom…

‘Inspire Sweetwater’ to Offer 400 Student Housing Units at 10710 Southwest Second Street in Miami

Plans are in the works for one of the tallest, most densely populated housing developments in Sweetwater. The venture, rising 29 stories on a 10-story podium, aims to meet the demand for off-campus student housing in the region. Inspire Sweetwater would feature 400 units, a total of 1,600 beds. Students would have the ability to choose from an array of different…

ACRE Lands $123M to Build Second Miami Rental

Asia Capital Real Estate (ACRE) secured $123 million in financing to build a second multifamily development in Miami’s Upper Eastside neighborhood, property records show. Canyon Partners provided the floating-rate debt for Adela II at MiMo Bay at 685 Northeast 64th Street, just south of Legion Park near Biscayne Boulevard in the MiMo Biscayne Boulevard Historic…

Parkside Residences Breaks Ground at 1741 SW 2nd Avenue in Brickell

BI Group USA has broken ground on Parkside Residences, an eight-story, 187-unit residential development at 1741 SW 2nd Avenue in Miami’s Brickell neighborhood. Designed by Kobi Karp, with interiors by 2ID Interiors and construction led by Winmar Construction, the project is expected to be completed in 2027 or by the second quarter of 2028, depending on the source.

Wave Group, partners launch short-term-rental friendly Wynwood condos

Wave Group Development, Vitrium Capital and Zambala Luxury Apartments are teaming up on a planned short-term rental-friendly condo project in Miami’s Wynwood neighborhood, The Real Deal has learned. The partners are launching sales for the eight-story, 49-unit Duos Wynwood, slated for 335 Northwest 28th Street, according to a news release. The project will allow…

Genesis Capital Provides $49M Construction Loan for Wynwood Multifamily Project

Evolve Companies has secured $48.5 million in construction financing to build Evolve Wynwood 35, a new 141-unit mid-rise apartment in the Wynwood submarket just north of  Downtown Miami.  Genesis Capital provided the construction debt, while Northmarq’s Chris Hammel arranged the transaction. The South Florida Business Journal first reported news of the…

El-Ad wins approval for North Bay Village condo project height increase

El-Ad National Properties scored preliminary approval for a height increase for its planned bayfront North Bay Village condo project. Boca Raton-based El-Ad, part of New York-based Elad Group founded by Isaac Sharon Tshuva, plans a 26-story, 94-unit luxury condo building on just over an acre at 7913-7915 West Drive. Designed by garciastromberg, the project will have a…

Florida attorney general supports Bal Harbour Shops in Live Local Act battle

Florida Attorney General James Uthmeier submitted an argument in support of a Live Local Act redevelopment of the Bal Harbour Shops in the ongoing litigation with the village, which has not approved the project. This is a rare instance of the state AG intervening in a civil lawsuit, but it could have big implications for developers statewide who are struggling to…

Florida AG backs Bal Harbour Shops in Live Local fight

Bal Harbour Shops’ plans to redevelop part of the iconic retail destination into a 3-tower mixed-use district, has the full force of the state of Florida behind it. Florida Attorney General James Uthmeier filed an argument, in a lawsuit between the developer and the village, arguing the Live Local Act allows Bal Harbour Shops LLC to bypass local zoning and land-use…

Reuben Brothers’ W South Beach reno moves ahead – minus VIP lounge, valet

Reuben Brothers advanced its plan to renovate the W South Beach, though only partially. The London-based firm wants to redesign and refresh its condo-hotel at 2201 Collins Avenue in Miami Beach, consisting of a pair of 19-story buildings with 407 units. The original vision included a new 237-seat beach club restaurant, a retrofit of the existing 250-seat nightclub…

Nobody Wants to Live at the Surfside Collapse Site

We’re aiming to raise $7,500 by April 26. Your support ensures New Times can continue watching out for you and our community. No paywall. Always accessible. Daily online and weekly in print. In January 2025, nearly four years after the deadly Surfside condo collapse, the Dubai-based developer Damac Properties unveiled a luxury condo project at the site of the…

Doral Area Hotel Could Be Replaced With Multi-Story Industrial

Plans call for demolishing the existing structure to make way for a new development called Yuka Park located just east of Doral. The proposed project would span 651,884 square feet across five stories, with the top floor partially open. The post Doral Area Hotel Could Be Replaced With Multi-Story Industrial appeared first on Miami Airport Warehouses.

Walmart to remodel 26 South Florida stores

Walmart Inc. plans to remodel dozens of stores across Florida — including multiple locations in South Florida — as part of a broader push to modernize its footprint and expand services, the company announced April 16. The Bentonville, Arkansas-based retailer (NYSE: WMT) said the upgrades are part of a statewide initiative that includes 58 store remodels in 2026…

South Florida lease roundup: Japanese restaurants, Canadian mining firm ink deals

Riviera Dining Group will open a new Japanese steakhouse concept at E11even Club Hotel & Residences Miami. Riviera Dining, led by Gregory Galy, leased about 19,000 square feet for Honō, consisting of a second-floor restaurant and a rooftop, according to a news release from the tower’s developers and Riviera Dining. Honō is expected to open this year. PMG and…

Here are South Florida’s biggest retail deals so far this year

Investors took big swings on retail destinations in suburban South Florida in the first quarter of the year. Of the region’s five most expensive retail transactions, all but one closed in Palm Beach County, with Crown Onyx and the Reuben Brothers’ $200 million purchase of Worth Avenue’s Esplanade leading transactions. Elsewhere in the tri-county region…

Driftwood Capital buys Weston hotel for $23 million

An affiliate of Driftwood Capital acquired the Courtyard by Marriott Fort Lauderdale Weston for $22.75 million, according to a deed filed in county records. Ashford Ft Lauderdale Weston I LLC and Ashford FT Lauderdale Weston II LLC, a partnership between Ashford Hospitality Trust and Artemis Real Estate Partners, sold the 174-room hotel at 2000 N. Commerce Parkway in…

Mixed-Income Development ‘the Gem’ Proposed for 411 N Dixie Hwy in Hallandale Beach

Miami-based Dragonfly Investments has submitted plans for a mixed-income housing project in Hallandale Beach. The Gem is planned to measure 12 stories above grade and feature 170 residences. Floorplans will range from studios to two-bedroom units, measuring 474 to 1,116 square feet. Sixty percent of the homes (102) would be designated either as affordable or…

Hollywood apartment project employs upzoning in single-family area

A small rental project taking advantage of upzoning established a decade ago won site-plan approval in Hollywood, despite opposition from nearby residents. The four-story, 22-unit apartment building would be built at 2101-2111 North 16th Avenue in the northwest corner of Hollywood Lakes, a residential area with a homeownership rate of 87 percent, according to the U.S.

Dania Beach condo development site, marine business named in $12M foreclosure lawsuit

A boat storage warehouse in Dania Beach that’s slated to be redeveloped into a residential condominium could be seized in a $12 million foreclosure lawsuit. New Financial Ponce LLC filed a foreclosure complaint April 10 against Wave 90 L2 LLC, along with corporate guarantors the Lynd Group Holdings, 90 Wave Holdco LLC, RJ Marina Holdings LLC and LM Portfolio…

Dependable Equities lands $50M financing for Fort Lauderdale condos

Dependable Equities and Rabsky Group co-owner Simon Dushinsky, landed $50 million in pre-construction financing for its planned Ombelle Fort Lauderdale towers. Dwight Mortgage Trust provided the loan for the two-tower complex slated for the site at 300 Northeast Third Avenue, according to a news release. Steven Hersko’s SHB Group arranged the transaction, the…

Fort Lauderdale delays city hall agreement, will explore other options

The City of Fort Lauderdale commission on Tuesday night chose to delay a preliminary agreement for the design and construction of a new city hall building. Instead, the commission put a 60-day pause on the design of the city hall, and tasked the city’s negotiators to come back with a clearer picture of the financial aspects of the deal between the city and FTL City…

Chicago Developer Lands $56M to Build Fort Lauderdale Rental

CedarSt Companies nabbed a $56 million construction loan for a multifamily project in Fort Lauderdale, Fla., property records show.  The financing from Amzak Capital Partners will cover a 215-unit development at 745 North Andrews Avenue, two blocks south of East Sunrise Boulevard, in the Flagler Village neighborhood.  The project, which sits in a federally…

Butters targets tech, pharma with plans for low-rise light-industrial in Boca Raton

Butters Group won zoning approval for plans to build a pair of two-story light-industrial buildings instead of a 100-foot-tall office tower in the Park at Broken Sound area in Boca Raton. Coconut Creek-based Butters Group, led by president Malcolm Butters, plans to build two 35,800-square-foot buildings at 1150 Northwest Broken Sound Parkway. The property’s previous…

Opterra’s Holiday Inn hotel-to-resi conversion moves ahead in Boca Raton

Opterra Capital’s plans to convert a 1980s-era Holiday Inn into an apartment complex received the unanimous endorsement of Boca Raton’s Planning and Zoning Board Thursday. The local firm plans to turn the 183-room Holiday Inn & Suites at 701 Northwest 53rd Street into a 125-unit apartment building with a 5,550-square-foot restaurant and 4,500 square feet of retail.

Boca Raton pushes for voter referendums on large public land sales in wake of One Boca rejection

Boca Raton’s city council members are moving forward with legislation to require voter approval of any future deal involving city-owned land larger than half an acre. The disclosure was made just before midnight during Boca Raton’s April 14 meeting, where the council also voted to create a committee on what to do with 30 acres of public land where Terra and…

Developer Proposes Nine-Story Condo for Vacant Site at 375 E Royal Palm Road in Boca Raton

An affiliate of Sobel Co. has proposed plans for a multi-family development in Palm Beach County. Latest plans for the unnamed project show a nine-story condo featuring 82 units. Floorplans would average around 2,340 square feet, and residents would have access to a full suite of on-site amenities, such as a rooftop resort-style swimming pool. Additionally, plans…

Boynton Beach CRA spends $15M of taxpayer funds for 14-lot assemblage

Boynton Beach bought a 14-lot assemblage near the Interstate 95 ramp for $15.4 million in two deals. The purchases came after reporting that The Starboard Group brokerage, which represented the sellers, passed out “talking points for public comments” in support of the purchase during a city meeting last year. The Boynton Beach Community Redevelopment Agency, a…

Time Equities scores $160M to build Boynton Beach Town Square apartments

Dirt is turning on the next phase of redevelopment of Boynton Beach’s municipal core after Time Equities closed on a $160 million loan. The New York-based developer started construction on the first phase of the Town Square apartments after locking in the financing from M&T Bank, the South Florida Business Journal reported. The loan adds to $35 million in public…

Time Equities Lands $160M to Build Multifamily Dev in Boynton Beach

Time Equities has secured a $160 million construction loan for a multifamily development in Boynton Beach, Fla., property records show. The financing from M&T Bank will cover a phase of the 16.5-acre Town Square public-private partnership: an eight-story building with 465 apartments, 50,000 square feet of amenities, 6,300 square feet of retail space, and a…

Rooms To Go plans to open large store on hotel site in West Palm Beach

Rooms To Go could build a large furniture store in West Palm Beach, replacing a hotel. The city’s Plans & Plats Review Committee will consider the application for the 3.63-acre site at 1800 Palm Beach Lakes Blvd. on April 23. Currently owned by West Palm Beach-based DR Palm Beach Inc., the site now has the 135-room Best Western Palm Beach Lakes. The hotel was…

Billionaire Ross seeks approval for private club in West Palm Beach

Related Ross, the development firm led by billionaire and Miami Dolphins owner Stephen M. Ross, filed plans for a private club at a marina in West Palm Beach. The city’s Plans & Plats Review Committee will consider the plans for the 1.5-acre property at 300 N. Flagler Drive, the Palm Harbor Marina, on April 23. The marina is under a land lease from the city with…

Seven-Story Affordable Housing Project Proposed for 611 27th Street in West Palm Beach

A joint venture between New York-based Procida Development Group and Miami-based Trè Bèl Housing Group have proposed an affordable housing project in West Palm Beach. The unnamed venture would measure seven stories above grade and feature 151 apartments. Residences would include studio, one-bedroom, and two-bedroom apartments, reserved for tenants earning within…

In West Palm Beach Real Estate, a Sense of Being on the Cusp

West Palm Beach’s transformation is only getting started.  That was the consensus at Commercial Observer’s Executive Leadership Reception held the evening of April 16 at the Related Ross Experience Center on South Rosemary Avenue in West Palm Beach, Fla. After introductory remarks from CO Deputy Editor Tom Acitelli, attorney David Scharf of Morrison Cohen…

Developer nixes Costco, pares down Palm Beach County’s Ag Reserve project, but opposition persists

A developer pared down its proposed 1,000-plus unit housing project and nixed a planned Costco at Palm Beach County’s Agricultural Reserve. The changes came after community uproar over the project, though the changes haven’t entirely alleviated nearby residents’ concerns. Residents at the next-door Valencia Reserve, a high-end retirement community, are concerned…

Brian Tuttle loses Royal Palm Beach Main Street dev site in $60M bankruptcy sale

After nearly two years of fighting to keep his development site, Brian Tuttle lost the Royal Palm Beach property this week in a $60 million bankruptcy sale. Miami-based Concord Wilshire Capital closed its purchase Wednesday of the 43 acres of land on the southwest corner of U.S. 441 and Southern Boulevard, according to court filings. Bankruptcy Judge Erik Kimball in…

$60 Million Acquisition Closed for 43-Acre Royal Palm Beach Site as Mixed-Use Redevelopment Moves Forward

Concord Wilshire Capital has closed on the $60 million acquisition of a 43-acre development site at the intersection of State Road 7 and Southern Boulevard in Royal Palm Beach, advancing plans for the rebranding and redevelopment of the property formerly known as Tuttle Royale. The site, which has also been identified in trade coverage as 10629 Acme Road, is planned…

Concord Wilshire Buys Brian Tuttle’s Bankrupt Palm Beach County Dev Site for $60M

Concord Wilshire has purchased out of bankruptcy Brian Tuttle’s mixed-use development site in Royal Palm Beach, Fla., for $60 million.  The parcel spans about 43 acres at the intersection of  State Route 7 and Southern Boulevard, near the western end of Palm Beach County. Concord plans to develop a master-planned community with 401 multifamily units, a 125-room…

The Ritz-Carlton Residences, Palm Beach Gardens Enters Final Construction Phase

Construction is nearing completion on The Ritz-Carlton Residences, Palm Beach Gardens, a 106-unit waterfront condominium development at 2200 PGA Boulevard in Palm Beach Gardens. Developed by Catalfumo Companies and built by Seawood Builders, the project occupies the last 14 contiguous acres of Intracoastal waterfront in the Palm Beach Gardens Marina District and…

Riviera Beach could advance $325 million housing project

Riviera Beach officials will meet Wednesday evening to consider advancing a proposal for hundreds of new housing units in the coastal city’s downtown. Members of Riviera Beach’s Community Redevelopment Agency are set to vote on a non-binding term sheet memorandum with an affiliate of North Palm Beach-based Forest Development, according to an agenda item. Enjoy…

How the Middle East Conflict Is Impacting CRE Investment

Commercial real estate has historically operated through alternating cycles, experiencing both periods of growth and decline over time. However, Marcus & Millichap’s CEO Hessam Nadji describes this cycle as a “rolling disruption” that has persisted since March 2022, driven by rising interest rates, tariffs and other factors playing into broader uncertainty. The…

Self-Storage Is a Truly American Convenience

Fred Bernstein (center) and his family after clearing out the storage unit. Fred Bernstein/WSJ I had several friends share this WSJ article with me when it was published last weekend. At first glance, the headline made it seem like another “self-storage is bad” story. I’ve heard this narrative many times, especially from investors who have realized they’ve…

Labor Market Uncertainty Shapes the 2026 Apartment Market Outlook

Coming off one of the weakest years for job creation in recent memory, the U.S. economy spent most of 1st quarter 2026 trying to find its footing. GDP growth came in at 2.2% for 2025 on a 4th quarter over 4th quarter basis, with 1st quarter 2026 tracking softer at around 1.6% on an annualized basis, according to the Atlanta Fed’s latest GDP estimate. That’s a…

Could building fees replace Florida property taxes?

As Florida weighs proposals to eliminate property taxes, Miami is seeking state approval to use building fees to offset general operating costs and preserve funding for essential city services. Miami Commissioner Ralph Rosado is sponsoring an item on the April 23 city commission agenda that urges Gov. Ron DeSantis and the Florida Legislature to authorize local…

Video: CNBC’s Diana Olick Interviews Michelle Herrick, Justin Wheeler, Willy Walker, and Chad Phillips at CRE Finance Conference

The commercial real estate landscape is a dynamic field, influenced by a myriad of factors ranging from economic shifts to geopolitical tensions. The recent Mortgage Bankers Association’s Finance Conference in San Diego served as a melting pot of insights, where industry leaders shared their perspectives on the current state and future outlook of commercial real…

Walmart to Revamp Dozens of Florida Locations Into ‘Stores of the Future’

Walmart will remodel 58 Florida stores this year, including more than 20 in South Florida, the discount retailer said Thursday. The announcement comes as the retail giant rolls out its “store of the future” concept nationally. While Walmart’s stores have never been known for their visual appeal, the new model includes wider aisles, more enticing lighting and…

Early signals about retail sales : An advance data release from the Chicago Fed

More data from the Chicago Fed’s Advance Retail Trade Summary (CARTS) release are now in FRED. These estimates of retail and food service sales (excluding some motor vehicles and parts) track the U.S. Census Bureau’s Monthly Retail Trade Survey (MRTS) on a weekly basis, providing an early snapshot of national retail spending. Our ALFRED* graph above plots CARTS…

Developer may propose office building at Miami Beach Marina

Miami-based Terra and Dallas-based Suntex Marinas may revive plans to redevelop part of the city-owned Miami Beach Marina, at 344 Alton Road — this time with an office building under a long-term lease with the city. Terra CEO David Martin unveiled the proposal at a meeting Tuesday with members of the non-profit South of Fifth Neighborhood Association, Miami Beach…

Miami-Dade County could take action against Amazon over warehouse closure

Miami-Dade County could take action against Amazon.com after the e-commerce giant announced it will temporarily close a massive warehouse distribution facility in Homestead that opened less than two years ago. The county board of commissioners’ intergovernmental and economic impact committee will vote on a resolution that would direct Mayor Daniella Levine Cava or a…

Blackstone’s Downtown Miami Offices Land $154M Refi

Two adjacent office properties in Downtown Miami, operated by Blackstone, have secured a $154 million loan. The buildings, located at 2 and 3 MiamiCentral, combine to span about 339,000 square feet. CIM Group issued the loan, with Eastdil Secured securing it. Both buildings were built in 2018 and sit inside the MiamiCentral complex, which is surrounded by a mix of…

13th Floor, Midtown Equities Land $105M for Miami Luxury Project

A joint venture between 13th Floor Investments and Midtown Equities has secured a $105 million loan for the development of Casa Cipriani, a luxury condo and hotel project in Miami Beach, Fla., according to Commercial Observer. BH3 Management provided the funds that increase an existing loan by $55.5 million, according to the same source. Bank OZK had issued the…

Midtown mixed-use project, Coconut Grove Playhouse overhaul head to Miami board vote

The city of Miami’s Planning Zoning & Appeals Board is set to vote on two big projects: the nearly 1,000-unit Midtown Park development and Miami-Dade County’s long-delayed overhaul of the historic Coconut Grove Playhouse. In Midtown, the developer, a joint venture between Carlos Rosso’s Rosso Development and Alex Vadia’s Midtown Development, are seeking a…

The Weekly Dirt: Implosion of Mandarin Hotel on Brickell Key closes a chapter in Miami

A team of engineers, contractors and construction workers imploded the former Mandarin Hotel in Miami on Sunday morning. The demolition by explosives of the iconic Brickell Key property is reflective of the city’s new development market, where developers are working on dozens of new, glossy luxury condo towers that are replacing shorter, mostly older buildings that…

Nu Stadium opening kicks Miami Freedom Park development into play. Here’s what’s next

Nu Stadium’s opening last weekend was the most visible milestone yet for Miami Freedom Park, but not without some drama. Inter Miami didn’t secure a temporary certificate of occupancy for the 26,700-seat venue, which was built with a $450 million construction loan, before the game started. The team, led by soccer’s most famous star, Leonel Messi, hosted its…

Incitatus plays hardball with $1M ruling against Adler, seeks foreclosure on Miami site

Incitatus Real Estate is going hard in its attempt to collect a month-old $1.2 million judgment against Miami-based Adler Group. The New York-based brokerage, led by Alan Ballinger, filed a foreclosure complaint in Miami-Dade Circuit Court Tuesday against an Adler affiliate that owns two development sites at 230 and 300 Southwest Third Street in downtown Miami.

Here’s where Michael Stern’s Miami projects stand amid $100M foreclosure suit

Michael Stern’s JDS Development Group is navigating market headwinds in Miami, where the firm is focusing on a pair of ambitious Brickell skyscrapers. After handing over control of his 1250 West Avenue project to a competitor, developer David Martin, Stern’s South Florida holdings have narrowed. Another project, the under-construction Mercedes-Benz Places, was hit…

Miami-Dade County Retail Market Report | 2026 Q1

Miami‑Dade’s retail market showed mixed signals in Q1 2026, with vacancy rising to 3.3% following negative net absorption of 382,000 square feet. Nevertheless, tenant demand remained active, with nearly 538,000 square feet leased during the quarter, an encouraging indicator that leasing momentum could translate into improved occupancy over the remainder of 2026.

Miami-Dade County Office Market Report | 2026 Q1

Miami-Dade County’s office market posted solid growth in Q1 2026, with absorption totaling 96,877 square feet. This positive absorption continues recent momentum and marks a sharp improvement from the negative absorption in Q1 2025. Rental rates reached record highs, with overall gross rent climbing to $62.75 PSF and Class A rents advancing to $70.01. These…

Miami-Dade County Industrial Market Report | 2026 Q1

Driven by persistent demand, 3.2 million square feet were leased Q1 2026, rental rates climbed to $17.04 PSF NNN by quarter-end, a 1.5% year-over-year increase. However, because of 1.4 million square feet of new supply and negative absorption which totaled 124,300 square feet, the vacancy rate rose to 7.1%, up 20 basis points from last quarter. With 2.9 million square…

CIM Group Provides $154M Loan to Blackstone for Refinancing of MiamiCentral Office Towers

Los Angeles-based CIM Group, through its CIM Real Estate Debt Solutions business, has provided a $154 million loan for the refinancing of 2 and 3 MiamiCentral, two adjacent office towers in downtown Miami. Eastdil Secured arranged the financing on behalf of the borrower, Blackstone, which acquired the office towers in 2021. Built in 2018, 2 and 3…

19-Story ‘Casa Cipriani’ Proposed for 3611 Collins Avenue in Miami Beach

Two developers are moving forward with the second Cipriani-branded project in Miami-Dade County. The proposed Casa Cipriani would measure 19 stories above grade and feature 59 units: 23 condos and 36 hotel keys. Multi-Family News reports that units would come outfitted with 10-foot-high ceilings, imported Italian cabinets, and other Cipriani signature design…

PortMiami has grant to add more rail tracks in cargo spurt

PortMiami is still pursuing an expansion of its on-dock rail, according to Director Hydi Webb. The Florida East Coast Railway (FECR) freight rail system provides for the Port of Miami, Port Everglades and the Port of Palm Beach, connecting to the national railway system in Jacksonville. After years of inactivity following Hurricane Wilma in 2005, the railway was…

Blackstone Nabs $154M to Refi Downtown Miami Office Complex

Real estate behemoth Blackstone has secured $154 million to refinance the 2 and 3 MiamiCentral office complex in Downtown Miami, where it operates its own office. CIM Group’s private credit fund provided the financing for the 339,000-square-foot, two-building property, which is connected to the MiamiCentral station at 700 Northwest MiamiCentral Avenue and 161…

Pardo Responds to Question about Fate of Miami’s City Hall in Coconut Grove

The fate of the Pan Am seaplane terminal at Dinner Key has been a topic of concern for Grove residents since late last month when the Miami Herald published a story saying the City of Miami planned to move City Hall to Freedom Park in 2028. (The Spotlight published a similar story in 2024.) Miami District 2 Damian Pardo was asked this week what will happen to the…

50-Story 1401 Brickell By Santander Breaks Ground In Miami

Santander has broken ground on 1401 Brickell by Santander, a 50-story mixed-use tower in Miami’s Financial District. The development will span approximately 1.6 million square feet and is designed by Handel Architects in collaboration with Bernardi & Peschard Arquitectura, with delivery targeted for 2029. The building will house office space for Santander’s…

Controlled Implosion Clears Brickell Key Site for The Residences at Mandarin Oriental

Swire Properties has completed the controlled implosion of the former 23-story Mandarin Oriental, Miami hotel and its adjacent six-story parking structure at 500 Brickell Key Drive on Brickell Key, clearing the site for The Residences at Mandarin Oriental, Miami. The implosion took place on the morning of Sunday, April 12, with debris removal expected to take up to…

Stalled Little Havana development could be seized in $2.6M foreclosure

An allegedly stalled apartment development site in Miami’s Little Havana could be seized in a $2.56 million foreclosure lawsuit. Omexul S.A., a company registered in Uruguay, filed a foreclosure complaint April 7 against Miami-based LDG 1254 LLC. It concerns the 7,500-square-foot lot at 1254 S.W. Second St., where the 21-unit Havana Flats was approved. Coral…

“Fiefdom” in Sunny Isles: J Milton, affiliates sued over alleged grip on condo association

J. Milton & Associates and its affiliates asserted illegal dominion over a two-building Sunny Isles Beach condo complex, holding a grip on the association “as if it were their fiefdom,” a lawsuit says. The Parque Towers Condominium Association sued J. Milton, Joseph Milton and their Parque Towers Developers in Miami-Dade Circuit Court on Friday, adding to the…

At Surfside collapse site, big-name planned project hasn’t sold a single condo

Damac Properties, the Dubai developer that acquired the site of the deadly Surfside condo collapse, hasn’t sold a single unit at the planned project, The Real Deal has learned. Damac, led by founder Hussain Sajwani, launched sales of the project in early 2025. The 12-story, 37-unit oceanfront building, called the Delmore, is expected to rise on the site of the…

META Development Breaks Ground on OPUS Coconut Grove at 3137 SW 27th Avenue

META Development has broken ground on OPUS Coconut Grove, a six-story boutique condominium development at 3137 SW 27th Avenue in Miami’s Coconut Grove neighborhood. The project is designed by Kobi Karp, with interiors by João Armentano, and will yield 14 residences, including 12 standard units and two penthouses. Recent project materials indicate the development is…

Moxies, Industrious part of $56M leasing spree in Coral Gables’ Miracle Mile

Moxies and Industrious joined the leasing parade to Coral Gables, where 100,000 square feet of space was leased recently on the city’s Miracle Mile and Alhambra Circle, The Real Deal has learned. The rush to Coral Gables, which includes seventeen recent leasing deals across several of Terranova Corporation’s buildings, stems from demand for attainably priced…

Prices revealed for two Doral auto dealerships

Dream Motor Group paid a combined $50 million for the real estate of two auto dealerships in Doral, according to county records. Nashville-based Dream Motor Group announced on April 2 that it acquired the Nissan and Mitsubishi dealerships in Doral from family-owned Bill Seidle’s Automotive Group. The price wasn’t announced at the time, but two deeds were recently…

Luxury Ritz Sky Mansions win Doral industrial site use

A new multi-use luxury residential building, Ritz Sky Mansions, is slated for construction in a prominently designated industrial area in Doral. Located at 3285 NW 107th Ave., the proposed eight-story, 69-unit luxury condominium building plans to take up approximately 5 acres of parking lot field where an Aloft Hotel and the Element Hotel already exist. The project is…

HTG buys Naranja development site for $10M

Housing Trust Group, one of the largest affordable housing developers in Florida, acquired a multifamily development in the Naranja neighborhood of south Miami-Dade County for $10.4 million. Miami-based 261 Holdings LLC, managed by Martha Fernandez, sold 4.3 acres of vacant land at 26115 S. Dixie Highway to Artisan Land LLC, managed by Matthew Rieger, CEO of…

HTG Proposes Second Phase of Princeton Park at 13105 S.W. 248th Street in Princeton

Miami-based Housing Trust Group has proposed the second phase of Princeton Park. The addition comes eight years after the completion of its first phase, which presently hosts 150 apartments in three stories. The second phase would require close to 80,000 square feet of new construction and feature 108 apartments in eight stories. Homes would include one-bedroom and…

Developer Proposes 113-Condo ‘R. Homes Lux’ at 28935 S.W. 162nd Avenue in Homestead

Homestead-based R Homes Organization has proposed a low-rise residential development in Miami-Dade County. The proposed R. Homes Lux would measure four stories above grade and require 110,338 square feet of new construction. The community would feature 113 condos: 33 one-bedroom units, 62 two-bedroom units, and 18 three-bedroom units. Per the project’s brochure…

Why South Florida commercial real estate deal flow has chilled

Over the past three or four years, his firm purchased one property, and it was a distressed deal. Although the real estate industry expected a more favorable investment market this year, those hopes were crushed. “A lot of people seeing the macro market now are thinking differently,” Mandell of Miami-based Tricera Capital said. “As far as acquisitions are…

Why South Florida is seeing a boom in big box spaces

Amazon, Atlas Air- these are just some of the many corporations moving warehouse operations to Miami within this year. But why is South Florida seeing a boom in big-box spaces? “With the increase of consumption from e-commerce, hotels, the airport and all those, those, those providers that need warehouse space to supply to their customers,” Edison Vasquez explains.

Diplomat Resort in Hollywood Lands $600M Refi From JPMorgan, Citi

JPMorgan Chase and Citi Real Estate Funding partnered up to refinance one of South Florida’s largest oceanfront resorts. The two banks provided a $600M loan to UBS and Trinity Investments, a new Miami-based, hospitality-focused private real estate investment firm, to refinance the Diplomat Beach Resort in Hollywood, a Trinity Investments spokesperson confirmed…

Trinity and UBS Secure $600M Refi for Diplomat Resort in Hollywood

Trinity Investments and UBS have refinanced the 1,000-room Diplomat Beach Resort in Hollywood, Fla., with a $600 million loan from J.P. Morgan Chase and Citi Real Estate Funding, property records show. The property is one of the largest oceanfront resorts in South Florida. Located at 3555 South Ocean Drive, the 12-acre Diplomat resort features a 39-story tower,…

Apartments in Davie near college campus sold for $34M

The Nova Central Apartments, located just north of the campuses of Nova Southeastern University and Broward College in Davie, sold for $33.6 million. Nova Central Apartments LLC, led by Steven R. Robbins of Newton, Massachusetts-based Robbins Property Associates, sold the 140 apartments at 6757 College Court Manor to MP Nova Central LLC, care of McDowell Properties in…

Tech-focused investor sets up U.S. headquarters in Fort Lauderdale

A German investment company plans to grow its U.S. footprint from Fort Lauderdale. Primepulse, a technology-focused family equity investment firm, signed a long-term lease at 333 Las Olas Way. It plans to hire finance and tech professionals as it begins to add companies to its portfolio. The South Florida office will be the company’s U.S. headquarters and hub for…

LUXCOM Lands $72M Refi for Fort Lauderdale Community

LUXCOM has obtained a $72 million bridge refinancing loan for Sereno, a 235-unit luxury community in Sunrise, Fla. Dwight Mortgage Trust originated the note. The borrower will use the process to repay construction debt, cover transactions costs and establish an interest reserve. Previous financing includes a $41.4 million construction loan from Centennial Bank, dating…

Pillars hotel redev on tap as Fort Lauderdale attracts condo investment

A joint venture between Richard Waserstein’s Waterstone Capital, Uri Bubil and Roni Avraham are advancing their proposal to redevelop a Fort Lauderdale hotel into a 15-story condo tower. The partners advanced their plans for the proposed Pillars Club & Residences at Tuesday’s Development Review Committee meeting, a representative for the developer confirmed. The…

Broward sues developer, GC and crane companies over 2024 Fort Lauderdale collapse

Broward County is suing the construction team behind the Fort Lauderdale project where a crane collapsed in 2024, killing one worker. Broward sued Kast Construction, Maxim Crane Works, Phoenix Rigging & Erecting, Gables Residential Services and CG Riverwalk over the deadly accident on the Gables Riverwalk site at 333 North New River Drive East. CG Riverwalk is the…

Wilton Manors development site sells for $11 million

Kaplan Residential sold an approved apartment development site in Wilton Manors for $11 million. Kaplan Wilton Manors LLC, led by Morris Kaplan of Aventura-based Kaplan Residential, sold the 2.95-acre site at 2449 N.E. 13th Ave. to WP FL Wilton Manors Owner LLC, an affiliate of Boca Raton-based Waypoint Residential. Boca Raton-based BRORA 1118 LLC provided a $5.4…

Nuveen Buys Suburban Margate & Coral Springs Retail Center for $46M

Nuveen is back to buying in South Florida. The Chicago-based investor, which is owned by Teachers Insurance and Annuity Association of America, paid $46.3 million for a suburban retail center in Broward County, property records show. Called Coral Landings III, the 23.2-acre property includes 172,526 square feet of leasable space at 3200 and 3480 Northwest 62nd…

Nuveen drops $46M on Aldi-anchored center in Margate amid grocery spree

Nuveen Real Estate is jumping into South Florida’s grocery-anchored shopping center game with a recent $46.3 million purchase in Broward County that is part of the firm’s broader strategy focused on neighborhood retail properties. An affiliate of Chicago-based Nuveen, led by Bill Huffman, bought Coral Landings III, an Aldi-anchored shopping center at 6166 and 6208…

Dwight Mortgage Trust Refis Sunrise Apartments With $72M Loan

Luxcom Builders has sealed $72 million in bridge debt to refinance a newly built luxury apartment project at a former BJ’s Wholesale Club property in South Florida, Commercial Observer has learned. Dwight Mortgage Trust (DMT) closed the loan for the developer’s 235-unit Sereno multifamily development in Sunrise, Fla., in a deal originated by David Scheer, Alex…

Broward County Retail Market Report | 2026 Q1

Broward County’s office market experienced negative absorption of approximately 234,900 square feet in Q1 2026. Large move-outs in Southwest Broward and Sawgrass Park, including notable space givebacks at Weston Pointe I and Sawgrass Technology Park, drove the softness and offset move-ins. Rental rates continued their steady climb, reaching a new high of $43.32 PSF…

Broward County Office Market Report | 2026 Q1

Broward County’s office market experienced negative absorption of approximately 234,900 square feet in Q1 2026. Large move-outs in Southwest Broward and Sawgrass Park, including notable space givebacks at Weston Pointe I and Sawgrass Technology Park, drove the softness and offset move-ins. Rental rates continued their steady climb, reaching a new high of $43.32 PSF…

Broward County Industrial Market Report | 2026 Q1

Broward County’s industrial sector saw steady demand in the first quarter of 2026, with 1.4 million square feet leased. However, absorption remained negative at 303,000 square feet, extending a two-year downward trend. That combined with a surge of 1.0 million square feet delivered last quarter alone, pushed vacancy to 7.2%. With 854,000 square feet currently under…

Brookfield Sells Deerfield Beach Warehouses for $78M

Brookfield Properties sold an industrial campus in Broward County, Fla., for $77.6 million, more than double what the investment giant paid seven years ago, property records show. Dallas-based Lincoln Property Company purchased Deerfield Corporate Park, a four-building property in Deerfield Beach at 674 and 772 South Military Trail, just west of Interstate 95. The…

Bank of America office building in downtown Boca Raton could expand

Grover Corlew filed plans to expand the Bank of America Tower office building in downtown Boca Raton with more office and restaurant space. The local developer, through affiliate G&C 150 Palmetto Investors LLC, recently filed redevelopment plans with the city for the 1.65-acre site at 150 East Palmetto Park Road. It currently has an eight-story 115,553-square-foot…

Developer Proposes ‘The Bertani at Broken Sound’ Condos for 6001 Broken Sound Pkwy NW in Boca Raton

Boca Raton-based Compson Associates has proposed an eight-story condo in Palm Beach County. The Bertani at Broken Sound would measure eight stories above grade and feature 60 condos. Residences would include two-bedroom and three-bedroom units, topping out at 2,513 square feet. Six of the condos would be designated as workforce housing to comply with city…

Focus Flips Senior Living Facility in Lake Worth For $24M Gain

Two years after buying a Palm Beach County senior living facility for nearly $64M, Focus Healthcare Partners sold the property for a 36% gain. Focus sold the 377-unit assisted living facility at 9130 Hypoluxo Road in Lake Worth to Welltower for $87.2M, according to property records provided by Vizzda. The facility consists of two buildings built in 2017 on 22 acres.

Related Group, BH plan Rosewood Residences in West Palm Beach

Rosewood Hotels & Resorts is adding one more property to its portfolio in South Florida. The hotel group is branding Related Group and BH Group’s planned condo tower at 2001 North Flagler Drive in West Palm Beach, adding to the pipeline of branded residences in the city and throughout the region, The Real Deal has learned. The joint venture development team paid $34…

Steve Ross’ next West Palm Beach condo spawns from Wexford, 13th Floor, L&L partnership

Billionaire Related Ross chairman Steve Ross is planning his fourth condo project in West Palm Beach. The news comes on the heels of Ross launching sales for his third planned condo tower, Edgeworth, last month. The yet-to-be-named fourth tower is slated for a 2.2-acre site on South Dixie Highway, the Palm Beach Post reported. The project will have between 100 and 130…

Price revealed: Billionaire Jeff Greene selling West Palm site to Terra, partner for over $90M

Billionaire developer Jeff Greene is selling a waterfront site in downtown West Palm Beach to David Martin’s Terra and partners, who include BH Group, for more than $90 million, sources told The Real Deal. Greene is under contract to sell the 1.6-acre assemblage at 2023 Flagler Drive, a triangle-shaped property at the intersection of Flagler, Piccadilly Street and…

Stephen Ross Joins L&L, 13th Floor for Fourth Condo Project in West Palm Beach

Stephen Ross is getting ready to launch yet another condo project in West Palm Beach, Fla. The development is expected to include between 100 and 130 condo units at 418 and 464 Fern Street, facing South Quadrille Boulevard, in the city’s downtown, the Palm Beach Post reported.  Ross’s firm Related Ross is partnering with South Florida developers, Wexford Real…

Joe Lubeck buys Palm Beach Gardens Embassy Suites, land for $40M

Joe Lubeck expanded his personal portfolio by dropping $40 million for a Palm Beach Gardens hotel and 4 adjacent acres. Lubeck, CEO of Tampa-based American Landmark Apartments, and a group of local partners acquired the Embassy Suites by Hilton Palm Beach Gardens, a 160-key property at 4350 PGA Boulevard, according to a news release. Lubeck paid $34 million for the…

Palm Beach County Retail Market Report | 2026 Q1

Palm Beach County’s retail sector experienced slight shifts across core metrics but maintained overall stability. While 268,308 square feet were delivered over the last 12 months, causing vacancy to increase a marginal 10 basis point to 4.1%, demand significantly overshot new supply with 290,941 square feet leased in the first quarter. Despite a minor negative…

Palm Beach County Office Market Report | 2026 Q1

Palm Beach County’s office market recorded negative absorption of 93,931 square feet in Q1 2026, continuing a recent pattern of softness and marking the third consecutive quarter of negative absorption. Rental rates continued their upward trajectory, reaching a new high of $51.86 PSF overall and $60.20 for Class A space. These gains reflect persistent demand for…

Palm Beach County Industrial Market Report | 2026 Q1

The Palm Beach County industrial sector showed varied performance in Q1 2026 as the market moved toward stabilization. Leasing activity was light compared to historical quarterly averages and absorption dipped negative pushing the vacancy rate up 40 basis points quarter-over-quarter to 7.2%. Moving forward, market fundamentals are expected to improve, as the amount of…

American Landmark Apartments CEO Buys Palm Beach Gardens Hilton Embassy for $40M

Joe Lubeck, the CEO of multifamily investor American Landmark Apartments, has bought a Hilton Embassy Suites in Palm Beach Gardens, Fla., for $40 million, Commercial Observer has learned. The 160-room property, called Embassy Suites by Hilton Palm Beach Gardens PGA Boulevard, faces Interstate 95 at 4350 PGA Boulevard, surrounded by other mid-tier hotels, adjacent…

Office buildings are disappearing. There’s one big reason why.

Office buildings across the country are facing wrecking balls — and those properties increasingly are being turned into housing. A March report by RentCafe found that office-to-apartment conversions have reached a record level, with 90,300 units in different stages of development as of the start of the year. The biggest cities lead that effort, including New York…

Forman Capital’s Brett Forman on real estate lending, office trends and more

Title: Founder and managing partner, Forman Capital Education: B.S., real estate finance, University of Pennsylvania South Florida’s ongoing construction boom has created big opportunities in the world of real estate finance. Few local executives have been as well positioned to capitalize as Brett Forman, who’s been in the business for more than two decades. He…

Landlords Are Being Sued More Than Ever, Pushing Liability Insurance Up

When Aron Sotnikoff got a letter from an attorney seeking a payout for an apartment tenant who slipped and fell in standing water at one of his firm’s properties, he immediately checked the security footage to review the incident. Sotnikoff, the director of risk management for development and asset management firm Time Equities, was bewildered watching the tenant…

Florida named worst state for apartment renters, despite oversupply

Florida took the crown in a nationwide multifamily market study –– but for the wrong reason. The Sunshine State ranked as the worst state to rent an apartment due to factors including a lack of affordability and zero protections for tenants, according to a study by ConsumerAffairs, a Tulsa, Oklahoma-based consumer insights group. All this, despite the state also…

WSJ: America’s Self-Storage Craze Has Reached a Tipping Point

Sara Vass, a marketing executive, calls herself “the queen of storage spaces.” She has one cramped unit not far from her Lower Manhattan apartment, and another on the East End of Long Island, where she used to own a house. She inherited three more units in Queens from her mother, the fashion designer Joan Vass, which she spent years consolidating. The Manhattan space…

Does the Product Kill the Real Estate?

Think about two giants that collapsed. Blockbuster Video and Sears. They once dominated their industries. Was their real estate a factor in their downfall? And is the same lesson about business disruption playing out right now in office real estate? During my childhood, Blockbuster Video was everywhere. It was a part of the weekend routine, like Saturday-morning…

U.S. Industrial Stabilizes with Vacancy Holding Steady

U.S. industrial fundamentals remained strong at the start of 2026, with vacancy steady at 7.4% and new supply and user demand closely aligned. The construction pipeline has bottomed out and is rising for the first time in several years, while rents have stabilized, signaling a market positioned for sustainable…

Office Market Gains Traction as Demand Strengthens and Supply Tightens

The U.S. office market entered 2026 on a more stable footing, with vacancy declining for the third straight quarter and demand outpacing supply. Positive absorption reached 6.2M SF — marking seven consecutive quarters of growth — led by strong activity in Manhattan and San Francisco. At the same time, a shrinking construction pipeline and limited new deliveries…

U.S.–Iran Conflict: Impact on U.S. Commercial Real Estate

As diplomatic and military developments in the U.S.–Iran conflict continue to evolve, the operational status of the Strait of Hormuz remains a key point of volatility for global shipping and commodity markets. While U.S. commercial real estate has limited direct exposure, indirect impacts are being seen mainly in the industrial and retail sectors, driven by higher…

Retail Holds Steady to Start 2026 Amid Tight Supply and Shifting Demand

The Q1 2026 Retail Market Statistics report examines how the U.S. retail market entered the year with stable fundamentals despite modest negative absorption tied to store closures. Vacancy remained structurally tight due to limited new supply, while service-oriented tenants continued to drive leasing demand. The report highlights how constrained construction…

Video: Doug Ressler & Peter Kolaczynski of Yardi Matrix Provide Office Update

The commercial real estate landscape has been characterized by dynamic shifts in recent years, with the office sector experiencing significant turbulence. In a recent episode of America’s Commercial Real Estate Show, the show’s host delved into the intricacies of the office market with Doug Ressler and Peter Kolaczynski, both of Yardi Matrix, a prominent real…

Miami Among Top 10 Markets for Self Storage Transactions in 2025

Single-asset self storage transactions totaled more than $2.6 billion in 2025, according to Yardi Matrix data. The figure was above the approximately $2.4 billion deal volume of 2024. Valuations have strengthened. The average price per square foot climbed to $117.01—up 6.6 percent year-over-year—even as square footage traded fell. On a national scale, activity…

CIM Group Sells Miami Worldcenter Retail In $210M Deal: The South Florida Deal Sheet

Falcone Group teamed up with a handful of new partners to buy out the majority owner of the retail and entertainment component of the 27-acre Miami Worldcenter development for $210M. The sale is a swap in partnerships for Falcone Group, led by CEO and founder Art Falcone, according to a release. The Boca Raton-based developer paired up with ROK Acquisitions…

Falcone Group-led JV pays $210M for Miami Worldcenter’s retail district

Art Falcone is switching up partners at Miami Worldcenter’s retail and entertainment component, teaming up with ROK Acquisitions, Andrew Mirmelli, The Davis Companies and Jamestown to acquire the 27-acre open-air plaza in downtown Miami. Miami Worldcenter Associates, a partnership between Falcone, Nitin Motwani and Los Angeles-based CIM Group, sold five parcels and…

Miami Worldcenter Retail Property Sells for $210M

A Jamestown joint venture paid $210 million for the retail component of the 27-acre Miami Worldcenter master development, one of the largest urban mixed-use projects in the country. The transaction covers 272,966 square feet of retail space, including the 80,000-square-foot building known as the Jewel Box at 652 NE Second Avenue as well as surrounding ground-floor…

Miami Worldcenter Retail and Entertainment District Trades to Falcone-Led Venture in Ownership Restructure

Miami Worldcenter Associates has announced the sale of the 27-acre retail and entertainment district at Miami Worldcenter to a venture comprising affiliates of Falcone Group, ROK Acquisitions, Andrew Mirmelli, The Davis Companies, and Jamestown. The transaction transfers seven parcels totaling approximately 300,000 square feet of retail and dining space, roughly 2,000…

Joint Venture Acquires 300,000 SF Retail District at $6B Miami Mixed-Use Development

MIAMI — A joint venture comprising affiliates of the Falcone Group, ROK Acquisitions, Andre Mirmelli, The Davis Cos. and Jamestown has acquired a retail and entertainment district situated within Miami Worldcenter, a new $6 billion mixed-use destination in downtown Miami.  The seller was master development group Miami Worldcenter Associates, which is a partnership…

Fontainebleau Miami Beach condo-hotel owners revolt against rule changes

A group of owners at Fontainebleau Miami Beach’s Tresor and Sorrento condo-hotel towers are aiming to torpedo new management rules they allege unfairly target them for not participating in the resort’s in-house rental program. The owners — Tatiana Rybak, Alexander and Tatiana Dvorsky, Mustafa Hakim, Solaria Investments and E&F Management — sued Fontainebleau…

Lender moves to foreclose on JDS affiliate’s Mercedes-Benz Miami project

Days after taking over the loan backing the Mercedes-Benz Places condo project, Cottonwood Group filed a foreclosure lawsuit against the developer, affiliates of Michael Stern’s JDS Development Group. Maxim Credit Group provided the original $85 million loan in July 2015. It matured in late 2023, but Maxim repeatedly extended the maturity date for the JDS…

Infinity’s Miami Beach mixed-use project approved amid lingering scrutiny

Infinity Collective’s proposed mixed-use project on Miami Beach’s Alton Road scored first approval, though city officials scrutinized the building’s setbacks and potential success of its retail space in light of nearby storefront vacancies. The Miami Beach Planning Board on Tuesday voted to move the proposal along in the approval process. Next, the project heads…

Gucci, Louis, Fendi, Prada attract luxury resi developers to Miami Design District

Miami’s Design District, best known as a hub for luxury shopping, has a residential boom coming. What started as the brainchild of Craig Robins is now a retail neighborhood with tenants like Chanel, Bottega Veneta, Hermès and Gucci. Given the quality of the shopping, “You can imagine the caliber of the people walking the sidewalks in the Design District,” said…

Live Local Act project heads to Miami Beach vote amid controversy over state law

A 15-story Live Local Act project in South Beach is headed for a vote, as controversy stirs in the city and the rest of South Florida over the state law. The Miami Beach Planning Board on May 5 will take up the proposal for a 29-unit building with 3,500 square feet of offices and 35 parking spaces at 1826 Collins Avenue in Miami Beach, Floridian Development reported.

Major projects flowing toward PortMiami

PortMiami is undergoing major upgrades and expansions, including building new cruise terminals, adding a third berth to MSC Cruises’ Terminal AA, buying more ship-to-shore cranes and completing the second phase of its electric rubber tire gantry cranes program. The projects will involve both the cargo and cruise side of the industry. The seaport has secured more…

Sale of City of Miami’s Riverside Center to help fund its replacement

Miami is channeling roughly $60 million in projected proceeds from the planned sale of its aging administration building downtown into a dedicated fund for the city’s new $250 million-plus civic campus rising near Miami Freedom Park, expected to open in 2028. The Miami City Commission is set to vote April 9 on a plan to capture proceeds from the Miami Riverside…

13th Floor Lands $105M for Planned Casa Cipriani in Miami Beach

13th Floor Investments nabbed a $105 million loan from BH3 Management for the oceanfront Casa Cipriani development in Miami Beach. BH3 Management increased a loan from 2023, which now has $49.5 million in outstanding debt, by $55.5 million, according to public mortgage documents. Bank OZK was the original issuer.  A representative for 13th Floor Investments confirmed…

Developer Proposes 15-Story Venture with Affordable Housing at 1826 Collins Ave in Miami Beach

An affiliate of developer Crescent Heights is moving forward with what’s being billed as Miami Beach’s first affordable housing venture under the Live Local Act. The unnamed venture is set to measure 15 stories above grade and feature 29 residences, 40 percent of which (12 units) would be designated for households earning at or below 120 percent of the area median…

South Pointe Vista Phase II Advances Into Interior Buildout in South Miami-Dade

Construction is progressing on South Pointe Vista II, an affordable housing development located in Goulds in South Miami-Dade County. The project is being developed by McDowell Housing Partners in partnership with ANF Group, Inc., and is advancing toward completion later this fall following the successful completion of its structural phase.

Resia Proposes 220-Unit ‘Golden Glades II’ for 290 N.W. 161st Street in north Miami-Dade

A Miami-based developer has filed plans for a multi-family housing project in its home city. Resia has filed a pre-application for Golden Glades II. It marks the second phase of the newly constructed Resia Golden Glades, which is located a block east. The latter venture finished construction last year and currently offers 420 apartments in four five-story buildings.

Santander breaks ground on Brickell office tower

Spanish financial giant Santander broke ground on a 1.6 million-square-foot office tower on Brickell Avenue in Miami for both its operations and third-party tenants. Located on the 2-acre site at 1401 Brickell Ave., the tower will rise 50 stories. Santander Holdings USA, part of Banco Santander (NYSE: SAN), retained Miami-based Rilea Group to build the office tower.

Edgewater office building sells for discount at $19 million

Valoro Capital acquired an office building in Miami’s Edgewater neighborhood for $19 million, a discount from its prior trade. The 63,240-square-foot office at 2125 Biscayne Blvd. was sold by 2125 Biscayne Novel Coworking LLC, an affiliate of Chicago-based Novel Coworking. Miami-based Valoro Capital, led by Francisco Cantor and Alberto Chocron, said it will continue…

OKO sues insurers for $22M amid Missoni Baia foundation woes in Edgewater

OKO Group is looking to collect $22.4 million from four insurers, alleging an unpaid claim for damages and delays during construction of the Missoni Baia branded condo in Miami’s Edgewater. An affiliate of Billionaire Vlad Doronin’s Miami-based OKO sued Zurich American Insurance, Allianz Global Risks U.S. Insurance, ACE American Insurance and National Fire Marine…

Valoro buys former Expansive Edgewater office building at discount

Valoro Capital scored a discount on an Edgewater office building previously owned by flexible workspace operator Expansive. Valoro, led by Francisco Cantor and Alberto Chocron, paid $19 million for the 63,000-square-foot building at 2125 Biscayne Boulevard. The price amounts to $300 per square foot. Chicago-based Expansive paid $21 million, or $332 per square foot…

Aria Reserve North Tower Nearly Complete at 725 NE 24th Street in Edgewater

Work is nearing completion on the North Tower of Aria Reserve, a 62-story residential tower at 725 Northeast 24th Street in Edgewater, Miami. The building is designed by Arquitectonica and developed by Melo Group, which is also serving as the general contractor through its in-house construction arm. MORADA Haute Furniture Boutique is handling interior design, and…

Astor pivots to for-sale condos in Little Havana amid rental slump

Henry Torres’ Astor Companies is pivoting its planned Little Havana apartment project to condos. The developer secured a $36 million construction loan in September for the eight-story, 179-unit Havana Enclave complex planned at 315 Northwest 27th Avenue. Six months later, Torres is launching sales, with pricing ranging from about $350,000 to just over $700,000…

Tech firm takes 92K sf in Coconut Grove in one of year’s top office leases

Tech company Iru is opening a nearly 92,000-square-foot office in Coconut Grove, marking one of the top office leases in Miami so far this year. Iru, an IT security and management platform previously called Kandji, leased 78,000 square feet at 3390 Mary Street and nearly 14,000 square feet at 2901 Florida Avenue, both sites within the Mayfair in the Grove mixed-use…

Tech Company Iru Inks 92K-SF Lease in Coconut Grove

Tech company Iru has planted a flag in Miami, taking 91,959 square feet in the Coconut Grove neighborhood, making it one of the city’s largest office leases this year. The firm, previously called Kandji, signed two leases within the mixed-use Mayfair in the Grove complex: 78,000 square feet at 3390 Mary Street and 13,959 square feet at 2901 Florida Avenue…

Moxies, Industrious part of $56M leasing spree in Coral Gables’ Miracle Mile

Moxies and Industrious joined the leasing parade to Coral Gables, where 100,000 square feet of space was leased recently on the city’s Miracle Mile and Alhambra Circle, The Real Deal has learned. The rush to Coral Gables, which includes seventeen recent leasing deals across several of Terranova Corporation’s buildings, stems from demand for attainably priced…

Kendall shopping center adds Pura Vida, Cava, fitness tenants

New dining and fitness tenants are set to join one of Miami-Dade County’s busiest retail centers, as its owner continues to lean into experience-driven uses to attract foot traffic. Palms at Town & Country, an 80-acre open-air shopping center in Kendall at 11800 Mills Drive, is adding four new tenants, according to an April 2 announcement from owner and operator…

Aventura City Center Proposed at 2999 NE 191st Street, Replacing Viceroy Residences Concept

A revised mixed-use proposal has been filed for the four-acre development site at 2999 NE 191st Street in Aventura, where Related Group and BH Group are seeking approval to replace a previously approved 26-story, 295-unit condominium project with a scaled-down residential tower and a new hotel component. The application, submitted by Aventura 2999 LLC, is scheduled to…

Lease roundup: Pura Vida + Pilates and yoga studios on tap across South Florida

Popular South Florida café Pura Vida Miami and three other tenants will open at the Palms at Town & Country retail center in Miami-Dade County’s Kendall neighborhood. Pura Vida, founded by Omer and Jennifer Horev, leased 3,400 square feet, with plans to open this summer, according to a Palms at Town & Country news release. Also, Jetset Pilates will open a…

Related Ross drops $37M on Coral Springs office

Related Ross has acquired the Coral Springs office campus of payments processor Fiserv for $36.5 million in a sale-leaseback deal. Records show CS Office Owner, an affiliate of Related Ross, bought the 21.8-acre site at 4000 Coral Ridge Drive, 3975 Northwest 120th Avenue and 11900 Northwest 41st Street from an affiliate of Fiserv. The deal includes $18.3 million of…

Stephen Ross Buys Coral Springs Office Campus for $37M

While Stephen Ross spends billions in West Palm Beach trying to turn the South Florida city into a growing business hub, the billionaire developer has now extended his reach further south into Broward County. Ross’s firm, Related Ross, paid $36.5 million for an office campus in Coral Springs, Fla., property records show. The campus, near Everglades National Park…

Nuveen buys Broward retail center for $46 million

Real estate giant Nuveen acquired the Coral Landings III retail center in both Margate and Coral Springs for $46.3 million. SVAP III Coral Landings LLC, part of West Palm Beach-based Sterling Organization, sold 172,526 square feet of retail at 6166 to 6208 W. Sample Road, plus 3200 N.W. 62nd Ave. to NSRP I Coral Landings LLC, care of Nuveen Real Estate. Bank of…

Kurv shells out $220M for Pompano Beach portfolio in biggest industrial trade this year

Kurv Industrial, formerly Bridge Industrial, dropped $219.7 million to buy a Pompano Beach warehouse portfolio in South Florida’s priciest industrial deal so far this year and the second nine-figure trade in the Broward County city this week. Three affiliates of Chicago-based Kurv, led by Steve Poulos, acquired East Pompano Industrial Center, a collection of five…

Kurv Pays $220M for Pompano Beach Industrial

Real estate firm Kurv Industrial, formerly called Bridge Industrial, paid $220 million for a mostly new distribution center in Pompano Beach, the latest in a string of big industrial sales in South Florida this year. The transaction breaks down to $122.5 million for two buildings totaling 435,201 square feet at 1260 and 1270 Northeast 48th Street, $93.5 million for…

Falcone sells Flagler Village rental tower for $108M as i-sales pick up

Art Falcone’s firm sold a Flagler Village apartment tower for $108 million, amid a recent uptick in South Florida multifamily deals despite a regional oversupply of rentals. An entity tied to Falcone’s Boca Raton-based firm sold the 30-story, 348-unit The Rise Flagler Village to an affiliate of New York-based Journey Capital, according to records and real estate…

Alfonso Costa Jr. of Boca Raton’s Falcone Group: 5 Questions

Before he was chief operating officer of Falcone Group in Boca Raton, Fla., Alfonso Costa Jr. was a deputy chief of staff at the U.S. Department of Housing and Urban Development during President Donald Trump’s first term. Costa had a front-row seat for the rollout of opportunity zones, an effort to encourage development in specified blighted areas through tax…

Welltower Buys Lake Worth Assisted Living Facility for $87M

Welltower, a real estate investment trust dedicated to senior living, has paid $87.2 million for an assisted living facility in Lake Worth, Fla., property records show. The 366,036-square-foot property, called The Arbor at Lake Worth, includes 377 units across 22 acres at 9130 Hypoluxo Road, west of Florida’s Turnpike, near Everglades National Park. The campus…

Nora District developers seek more funding from West Palm Beach

The developers of West Palm Beach’s Nora District are seeking a boost in public funding for infrastructure improvements to $26.1 million. NDT Development and its partners requested $5.3 million as part of West Palm Beach’s Real Estate Development Accelerator program, public planning documents show. The additional funds would pay for the completion of a…

High-Rise ‘Singer Island Gateway’ Proposed for 2525 Lake Drive in West Palm Beach

Continuum Company has proposed a 25-story tower that would offer residences, retail, and civic space in Palm Beach County. Measuring about 350 feet at its highest point, Singer Island Gateway would offer 298 homes, spanning from one-bedroom to four-bedroom layout plans; residents would have access to more than 16,000 square feet of interior amenities, along with a…

Agricultural Palm Beach County site could be rezoned for warehouses

An agricultural site that’s used for landscaping and irrigation contracting west of West Palm Beach could be rezoned for industrial development. The Palm Beach County Planning Commission will consider rezoning the 4.81-acre site at 6782 Belvedere Road from “low residential, two units per acre” to “light industrial” on April 10. East Coast Mulch Corp., owned…

Brian Tuttle accused of trying to “sabotage” $60M Main Street bankruptcy sale | Royal Palm Beach

Brian Tuttle is trying to “sabotage” a $60 million bankruptcy sale of his distressed Main Street development site in Royal Palm Beach, a lawsuit alleges. Concord Wilshire Capital is in line to purchase the site and says it was working to close the deal within all deadlines. But Tuttle “conspired” to divert the deal to a backup buyer, The Ardent Companies…

Gucci-Leased Building on Palm Beach’s Worth Avenue Sells for $43M

Yet another building on Palm Beach’s upscale Worth Avenue in South Florida has been traded. Acadia Realty Trust paid $43 million for a 9,932-square-foot property at 225 Worth Avenue, which is leased to Gucci, J. McLaughlin and G/Force, property records show.  The 0.3-acre complex more than doubled in value from its previous sale just five years ago, when JSB…

Shuttered Nordstrom store at Wellington Green could be replaced with 620 apartments

The former Nordstrom department store space at the Mall at Wellington Green could be redeveloped into apartments. Wellington-based apartment developer Bainbridge Cos. recently filed a development application with the village concerning about 18.4 acres of the mall at 10300 Forest Hill Blvd. It has the former Nordstrom building under contract from TM Wellington Green…

Construction Starts on 54-Unit ‘Village of Valor’ at 2701 Second Ave N in Palm Springs

Construction has started on an affordable housing community dedicated to supporting veterans in Palm Springs. It’s called Village of Valor, and it’s set to occupy a 4.67-acre site. The community will feature two four-story buildings, offering a combined 54 units. Of those residences, 26 would be two-bedroom models and 28 would be three-bedroom…

Buyers are snapping up car dealerships at a record rate. What’s driving the trend?

A record number of car dealerships were bought or sold in 2025, a volume of deals driven in part by the industry’s substantial profit margins. According to the newly released 2025 Blue Sky Report by Kerrigan Advisors, there were 458 transactions last year, representing 688 car dealership franchises, a 5% increase over 2024 and a new annual record. The report also…

Northwood asking $300M for famed Cheeca Lodge hotel in the Florida Keys

Trophy-fishing season is open in the Florida Keys, with Northwood Investors casting a $300 million line for the famed Cheeca Lodge & Spa in Islamorada. Northwood, led by former Blackstone titan John Kukral, tapped JLL to reel in a buyer for the 250-room resort, Bloomberg reported, citing anonymous sources. Cheeca Lodge, at 81801 Overseas Highway, spans 27 acres. It…

And the (Wealth Flight) Winner Is… Florida

Palm Beach County alone has a net positive wealth transfer of +$3B. You’d think they had massive population growth, but it was only 24,500, which is 1.6% population growth. California was the biggest loser at $12B in lost wealth. It’s not secret and will be no surprise that the wealth losers had the highest income taxes, and the winners, Florida (+$21B),…

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

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

A Cooling Cycle: Office Construction Declines in Major U.S. Cities

As of the start of 2026, 14 of the country’s leading office markets had more than 17.5M SF actively under construction or renovation, with 42.5% of the space preleased. Overall, 30% of the space is in suburban submarkets and 70% in urban areas. Manhattan has the most space under construction, with six projects totaling 5.7M…

Drop in commercial, construction loan rates never arrived

The commercial and construction lending market is currently going through an interesting time as interest rates remain stable, local lending experts say. The expectation was that interest rates would continue to come down, and obviously they have not, said Daniel Diaz Leyva, chair of Day Pitney’s Florida real estate practice and co-chair of the firm’s LatAm…

Video: LARC President & Co-Founder Ryan Meliker Discusses U.S. Hotel Performance Forecast

In an era of unprecedented global uncertainty, the hotel industry stands at a crossroads. The recent episode of America’s Commercial Real Estate Show, hosted by an industry insider, brought together expert perspectives to dissect the current landscape of the hotel sector. The discussion, featuring Ryan Meliker, President and Co-Founder of Lodging Analytics Research…