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…

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

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

Miami-Dade shopping center sells for $17 million

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

Historic Miami Beach hotel seeks expansion and renovation

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

Christie’s global auction house opens new Miami office

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

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

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

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

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

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

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

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

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

Trump Reveals Glassy Skyscraper Design Of Miami Presidential Library

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Miami’s global ascent and the Two Roads vision

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

PortMiami records a rapid rise in perishables

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

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

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

Julissa Kepner: Chairing the Greater Miami Convention & Visitors Bureau

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

First Look at Trump’s Supertall Presidential Library in Miami

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

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

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

Construction Underway on 39-Story Miami Starlite in Brickell

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

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

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

FC Barcelona Inks 2.4K-SF Lease in Downtown Miami

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

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

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

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

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

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

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

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

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

Exterior Work Progresses on 41-Story 2600 Biscayne in Edgewater

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

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

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

Frida Kahlo Wynwood residential buildings to rise

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

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

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

Stalled Bay Harbor Islands condo project could be seized in foreclosure

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

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

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

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

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

Terrabank Inks 40K-SF Lease in Coral Gables

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

Kendall office building could be replaced through Live Local Act

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Clothing Supplier Intradeco Sells Medley HQ for $49M

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

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

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

Developer proposes condo in Leisure City

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

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

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

The Weekly Dirt: Wave of lawsuits hits South Florida developers

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

BDT & MSD Partners win rezoning for Boca Raton Resort condos

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

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

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

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

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

Procida pitches affordable housing for West Palm Beach-owned land

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

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

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

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

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

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

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

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

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

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

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

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

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

Warehouse Automation Is Turning Modern Logistics Space Into a Hot Commodity

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

2026 Law Firm Real Estate Report

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

U.S. Seaports Outlook Report | 2026

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Impacts on PortMiami of Iran attacks slow to assess

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

Miami Beach OKs five-point strategic plan

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

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

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

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

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

Japanese Developer Buys Miami Worldcenter Dev Site for $89M

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

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

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

Vertical Construction Moving Along at JEM Miami Worldcenter in Downtown Miami

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

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

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

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

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

Boutique Art Deco San Juan Hotel in Miami Beach Could Expand

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

Iconic Miami Beach Oceanfront Playboy Theater Listed for $6.5 Million

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

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

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

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

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

Live Local Act alters paths of Allapattah, Biscayne Boulevard developments

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

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

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

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

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

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

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

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

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

Developer could rezone South Beach site for mixed-use

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

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

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

Surf Row Residences Secures $30.5 Million Construction Loan In Surfside

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

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

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

National coworking company Industrious to open 1st Coral Gables location

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

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

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

ADP To Sell Longtime Kendall Office, Teeing Up Possible Redevelopment

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

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

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

Cofe Properties Buys Doral Office Buildings for $63M

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

Developer proposes apartments in Hialeah

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

Big hotel brands deepen South Florida presence amid growth milestones

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

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

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

Clarion Partners Sells New Hollywood Warehouse for $38M

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

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

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

Boca Raton CRA approves downtown hotel project

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

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

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

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

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

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

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

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

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

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

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

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

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

Ronto, partners launch Nora House condos in West Palm Beach

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

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

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

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

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

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

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

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

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

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

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

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

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

Demand Stays Hot for Medical Outpatient Buildings Nationally

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

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

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

Using bridge loans with agency financing in multifamily

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

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

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

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

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

FOMC Summary of Economic Projections | March 2026

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

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

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

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

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

State lawmakers clear path for Fontainebleau Miami Beach pool upgrades

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

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

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

Paris’ Fouquet’s to Operate Miami Design District Hotel

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

FPM Investment scores design approval for Miami Beach hotel

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

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

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

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

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

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

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

Construction Starts on ‘7200 Collins’ in Miami Beach

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

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

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

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

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

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

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

Superstructure Work on 2900 Terrace Progresses in Edgewater

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

Inside Adam Neumann’s attempts to rehab El Portal church

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

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

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

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

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

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

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

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

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

Kodsi family completes Arbor Coconut Grove condo project

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

$24.7M Refinancing arranged for Office Building in Coral Gables

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

Crestline Refis Coral Gables Office Building With $25M Loan

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

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

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

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

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

James McQueen: Leads development agency growing Overtown’s economy

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Mast Capital, partner pitch first West Palm Beach condo project

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

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

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

Lotis scrambles for entertainment tenant in Wellington after PopStroke pulled out

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

Related Ross wins height permit for mixed-use Wellington development

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

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

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

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

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

How tariffs impact commercial real estate

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

Brightline’s financial troubles are running ahead of schedule

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

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

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

Apartment concessions nationally hit highest level in over a decade

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Blackstone is a major seller in January commercial real estate deals

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

Industrial Outdoor Storage Surges Into Stardom

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

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

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

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

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

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

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

Developer buys Miami office for $12 million for new headquarters

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

Miami Multifamily Report – February 2026

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

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

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

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

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

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

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

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

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

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

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

Marlon Gomez loses Miami River site at courthouse auction

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

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

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

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

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

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

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

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

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

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

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

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

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

Miami-Dade pinpoints three sites for vital new major airport

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

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

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

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

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

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

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

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

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

Rapper Pitbull Wants to Replace His Childhood Miami Home With Office

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Federal pilot program advances plans for air taxis in South Florida

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

South Florida Developer Rishi Kapoor Arrested, Charged With Fraud

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

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

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

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

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

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

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

Toyota dealership in Coconut Creek could double in size

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

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

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

Boca Raton greenlights Batmasians’ Mizner Plaza Hotel despite public scolding

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

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

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

Maxim Capital Lends $70M on Boca Raton Resi Tower

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

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

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

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

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

Publix to buy Related Ross dev site in West Palm Beach

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

The Breakers acquires West Palm Beach site for workforce housing

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

Mast Capital Plans West Palm Beach Condo Tower

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

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

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

Developer Rishi Kapoor arrested on federal fraud charges

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

In Florida, Lawsuits Abound Over Allegedly Shoddy Condo Construction

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Zuckerberg Breaks Miami Record With $170 Million Mansion

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

High interest rates, construction costs choke Miami development

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

Nationally owned apartment complex to rise in Miami on Coral Way

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

Miami commission kicks forward bid for shorter mayor’s term

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Guggenheim Partners Refinances Coconut Grove Complex for $114M

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

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

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

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

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

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

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

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

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

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

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

Gus Machado Ford dealership in Hialeah sells for $21 million

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

Car dealer Luis Somoano drops $22M on Hialeah site

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

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

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

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

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

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

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

2025 Year-End South Florida Office Investment Sales Report

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

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

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

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

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

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

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

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

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

Tamarac educational building could be redeveloped

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

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

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

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

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

Berritto expands into Boca Raton with $93M portfolio buy

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

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

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

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

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

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

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

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

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

Great Gulf launches Mandarin Oriental-branded West Palm Beach condos

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

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

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

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

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

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

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

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

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

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

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

PGIM Sells Palm Beach Gardens Multifamily for $132M

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

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

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

Wellington rejects billionaire Frank McCourt’s polo field redevelopment plans

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

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

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

The Evolution of CRE Demand

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

What to know about office-to-residential conversion

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

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

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

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

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Demand for Newer Industrial Assets Hits Multiyear High

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

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

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

Diego Ojeda of Rilea Group: 5 Questions

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