Swire sells majority stake in Brickell City Centre retail to Simon for $512M

Deal breaks down to $1K psf for open-air shopping center anchored by Saks Fifth Avenue Swire Properties cashed out of the retail and parking components of Brickell City Centre in a $512 million deal with Simon Property Group. Simon, an Indianapolis-based shopping center-focused real estate firm led by David Simon, bought Swire’s majority 75 percent stake in the 500k sf…

Simon Acquires Majority Interest of Shops at Brickell City Centre in Downtown Miami for $512M

Indianapolis-based mall giant Simon Property Group has acquired the remaining interest of the retail and parking component at Brickell City Centre, a 5.4 million-square-foot mixed-use development in downtown Miami. Swire Properties Inc. sold the majority 75 percent stake in the property’s 500,000-square-foot retail portion for $512 million, according to several media outlets.

Brickell City Centre Shopping Mall & Parking Garage Sold

The shopping mall and a parking garage at Brickell City Centre has been purchased by publicly traded Simon Property Group. Simon previously owned a 25% stake in the shopping mall component of Brickell City Centre, and now owns 100% of the mall and the main public garage. The company is paying up to $548,725,001 for the stakes, with $512,625,001 paid at closing…

Simon Pays $512M for Remaining Stake in Downtown Miami Mall `Brickell City Centre`

Completed in 2016, the Brickell City Centre mall consists of four-story buildings across three city blocks. Image courtesy of Yardi research data Simon Property Group Inc. has acquired the remaining interest in the 500,000-square-foot retail and parking component of Brickell City Centre in Miami. Swire Properties Inc. sold the majority 75 percent stake in the property…

Simon Acquires Full Ownership of Brickell City Centre Retail and Parking from Swire Properties for $512 Million

Swire Properties Inc. has announced the sale of its interest in the retail and parking components of Brickell City Centre to Simon, a real estate investment trust specializing in premier shopping, dining, entertainment, and mixed-use destinations. The transaction is valued at approximately $512 million. The deal marks the conclusion of a decade-long partnership…

“In Miami’s favor”: Mamdani’s New York win a boon for South Florida, industry says

“This may be the proverbial straw that breaks the camel’s back” As fears grip New York’s real estate industry following Zohran Mamdani’s primary mayoral race win, the feeling is far more upbeat in South Florida. The industry here is gushing over the prospect of an influx of New York investors and high net worth individuals, prompting a second residential and commercial…

Winners and losers emerge in South Florida’s condo boom

Oversupply, cost issues hitting some developers as aging condo market falters If you want to know if the South Florida housing market is doing okay, a Magic 8 Ball might give you as clear an answer as a panel of local industry experts. “Without a doubt,” you’ll see one minute. “As I see it, yes.” “Reply hazy, try again,” comes next. Then: “Don’t count on it.” It gets worse.

The Closing: Jon Paul Pérez

Related Group CEO and son of Jorge Pérez on succession, working with family and state of Miami’s condo market Jon Paul Pérez assumed that he would start working at his father’s company, the Related Group, shortly after graduating from college. It made sense. He spent summers interning at Related, and though he got good grades, he also enjoyed himself.

Macklowe sells multifamily dev site near Dadeland Mall at discount to Related for $20M

New York developer had paid $32M for 1.6-acre property in 2022, planned a 770-unit project Harry Macklowe and Related Group’s Jorge Pérez with the site at 8609 Southwest 72nd Avenue in Miami-Dade County and a rendering of the previously planned project at that site (Getty, Macklowe Properties, Arquitectonica, Google Maps) Harry Macklowe sold a development site…

DOGE slashes nearly 217K sf of government leases across Florida

Roughly one-third of cuts occurred in Miami-Dade and Broward counties, according to Avison Young The DOGE slashathon has led to the cancellation of nearly 217,000 square feet of federal government leases in Florida, with slightly more than a third of terminations occurring in Miami-Dade and Broward counties. As a result, Florida ranks as the state with the seventh highest…

Billionaire developer Steve Ross buying nearly half of Miami Open 

85-year-old also has controlling stakes in Miami Dolphins and Formula One Miami Billionaire Steve Ross is buying a stake in the Miami Open, marking the real estate mogul’s continued investment in South Florida sports. The 85-year-old is nearing a deal for a 45 percent ownership of the tennis tournament, according to Front Office Sports, a publication focused…

Related, Dezer and BH complete Sunny Isles buyout for planned condo tower

Developers’ 100-unit acquisition of oceanfront teardown is valued at $132M A trio of real estate heavyweights closed on the remaining units at an aging condo complex in Sunny Isles Beach for $131.8 million, after more than a decade in the making. The Pérez family’s Related Group, Gil Dezer’s Dezer Development and Isaac and Liat Toledano’s BH Group completed the bulk…

Ex-basketball player Raanan Katz keeps growing his South Florida retail empire

Miami Heat minority owner controls shopping centers from Sunny Isles Beach to New England Raanan Katz loves basketball and shopping centers. But the 89-year-old Israeli-born retail investor is no longer NBA material. Instead, up and down Collins Avenue in Sunny Isles Beach, his logo’s basketball swishes through a 2-D net on the facades of multiple RK Centers…

Michael Stern’s JDS wins final OK on upzoning for South Beach high-rise

Residents were split on the height increase for the bayfront property next to Monad Terrace Developer Michael Stern’s JDS Development Group notched a major win with the upzoning of a property in South Beach, where he plans a bayfront luxury condo tower next to the Monad Terrace project he built. Miami Beach commissioners on Friday granted final approval…

Miami Beach commission grants final approval to Meruelos and David Martin for oceanfront Deauville project

Martin joined as a 25% partner last year; plans are for a luxury condo, hotel David Martin and Richard Meruelo with a rendering of the planned project at the Deauville Beach Resort property along with the original Deauville Beach Resort in Miami Beach (Getty, Terra, Google Maps) Miami Beach commissioners granted final approvals to the Meruelo family and David Martin…

Deauville Redevelopment With New Foster + Partners Tower Gets Commission Approval

The Miami Beach City Commission has granted final approval to a redevelopment of the Deauville by developer Terra. The plan includes a new residential tower designed by Foster + Partners. It also includes a partial reconstruction of the Deauville Hotel’s historic pedestal and a new reinterpreted tower (the Deauville has already been demolished).

Miami Beach City Commission Grants Final Approval to Terra’s Redevelopment of the Historic Deauville Hotel Site

On Friday, June 27, the Miami Beach City Commission granted final approval to Terra’s redevelopment plans for the historic Deauville Beach Resort site at 6701 Collins Avenue in North Beach. The vote concludes the required development agreement and land-use approvals, clearing the way for a transformative project that includes a new residential tower designed…

Garden Healthcare expands into South Florida with $24M Cutler Bay retirement home purchase

Columbus, Ohio-based firm bought 403-unit complex in Cutler Bay Garden Healthcare’s Barry Braunstein and East Ridge at Cutler Bay at 19301 SW 87th Avenue. Out-of-state retirement home operator Garden Healthcare took its first dip into South Florida, acquiring a Miami-Dade County facility for $24 million. Two affiliates of Columbus, Ohio-based Garden Healthcare…

Miami residents cry foul over expansion of transit-oriented zoning

Commissioners approved the ordinance on first reading with changes Miami residents spoke against a citywide expansion of transit-oriented zoning incentives at Thursday’s commission meeting, with one member of the public calling it an example of “another money-motivated manipulation at Miami City Hall.” Commissioners voted on first reading to approve the ordinance…

Developer proposes 108-unit multifamily redevelopment of north Miami-Dade retail center

Five-story building planned for Palm Springs North neighborhood A developer proposes a 108-unit multifamily project at a shopping plaza in north Miami-Dade County. Adell Investments, led by Jorge and Julio Quintana, proposes the five-story HUB Palm Springs North building on the 3.1-acre lot at 17601 and 17775 Northwest 78th Avenue and 7750 Northwest 178th Street…

Investor loses civil case to recoup $1M for development of Miami Beach condo project

Miami-Dade judge ruled lead equity partner Dhruv Piplani did not mislead Hang Bae Lee about potential returns on his investment for Three Hundred Collins JMH Development’s Jason Halpern and Three Hundred Collins at 300 Collins Avenue (Getty, JMH Development, Google Maps) An investor lost a civil case seeking to recoup his $1 million loss from the development…

Russell and Marisa Galbut’s GFO lands $54M loan to build Miami Beach Whole Foods

Firm acquired Wells Fargo redevelopment site for $15M Russell and Marisa Galbut’s GFO Investments scored a $54 million construction loan to build a new Whole Foods-anchored retail building in Miami Beach. Miami-based Ocean Bank provided the financing, records and real estate database Vizzda show. An affiliate of Miami-based GFO paid $15 million…

Pitbull’s charter school could buy historic Olympia Theater from city of Miami in no-bid deal

Commission to vote on sale of downtown property at Thursday’s meeting Update: Miami commissioners voted on Thursday to defer the resolution to potentially sell the Olympia Theater located at 174 E Flagler to its July 24 meeting. City of Miami commissioners will vote on a resolution to sell the historic Olympia Theater in downtown Miami to rapper Pitbull’s charter school nonprofit.

City sale of Olympia Theater gets go-slow

Miami city officials are holding off on a proposal to transfer ownership of the historic Olympia Theater to a charter school operator following pushback over a lack of public input and transparency. During last week’s meeting, the Miami City Commission unanimously agreed to defer voting on the purchase and sale agreement to July 24. Meanwhile, city staff will host public meetings…

Blackstone’s South Florida industrial sell-off hits $1B

New York investment giant and Link subsidiary sold Opa-locka dev site for $106M to TA Realty Blackstone and Link Logistics sold another South Florida industrial property — to surpass the $1 billion mark in six separate deals since November. The sales are likely the result of the two firms seeking to cash out investors who backed funds used for the acquisition and renovation…

New Construction Permit Application Filed For 78-Story Ora By Casa Tua In Brickell

A new construction permit application has been filed for Ora by Casa Tua, a planned 78-story mixed-use tower at 1210 Brickell Avenue in Miami’s Brickell neighborhood. The filing was submitted to the City of Miami’s Building Department on June 19 by Fortune International Group, which acquired the development site in 2024. The permit, with an alternative address 1205 Brickell Plaza…

Brickell House Rooftop Commercial Condo Units Headed To Bankruptcy Auction

A company linked to Venezuelan banker Eligio Cedeño is selling its three rooftop commercial condos at Brickell House via a court-approved bankruptcy auction. Ectul Holdings LLC received approval for the auction after filing for Chapter 11 bankruptcy to avoid the units’ foreclosure in March. The auction is scheduled for July 31, the South Florida Business Journal reported.

Miami’s Rise to a Global Wealth Capital Fuels Multifamily Momentum

This year marks the centennial of several Miami municipalities, including Coral Gables and Hialeah, placing Miami-Dade County in a unique position: looking back on a rich history as a sunseeker’s playground, while charging full speed into a future where it is also a tech hub and financial powerhouse, with some dubbing the city as “Wall Street South.”

Second Phase of ‘the Gallery at SoMi Parc’ Proposed for 5949 S.W. 68th Street in South Miami

An affiliate of the Related Urban Development Group intends to move forward with the second phase of the Gallery at SoMi Parc, a mixed-income development in South Florida. The first phase, which finished completion last year, hosts 172 units in seven stories. The second phase is planned to measure 11 stories and feature 390 apartments, along with 8,689 sf…

First Crane Installed At 861-Foot Luxury Condo Tower `1428 Brickell`

In Brickell, an under construction 70-story tower is getting its first crane installed. The cranes will eventually reach a height of over 1,000 feet above ground. The development is known as 1428 Brickell and will have 195 luxury residences. The condo tower is planned to have a permanent height of 861 feet above ground, making it one of the tallest in Miami.

Miami To Aventura Train Service May Have Just Been Defunded By Florida

The much-anticipated rail service planned between Miami and Aventura just lost a big chunk of funding, according to the Herald. The planned regional rail service is known as the Northeast Corridor. It is expected to have seven stops in Miami-Dade, including Downtown Miami, Wynwood and the Design District, before continuing to Aventura and Fort Lauderdale.

New Florida budget cuts funds for Miami-Aventura commuter rail: news report

The new Florida budget signed Monday by Gov. Ron DeSantis eliminates some $200 million in state funding for the proposed Miami-Aventura commuter rail project, the Miami Herald reports. The state money, along with Miami-Dade County funding, was intended to match $389.5 million in federal funds for the 14-mile, seven-station service planned…

Developers Propose 43-Story Towers `Harbor Village’ in North Bay Village

Plans have been filed for two 43-story towers in North Bay Village, in a development named Harbor Village. The towers appear to both exceed 500 feet in height in the filings. That is taller than any other building in North Bay Village. Harbor Village is planned to include a combined: 364 extra large luxury condos (average unit size of 2,148 square feet) around 100k gsf…

Restoration of Coral Gables City Hall on way

Coral Gables City Hall restoration design efforts are now going to be completed in one continuous phase. City commissioners voted Tuesday to move forward with one long phase to start seeing renovation results at City Hall. Divided into two subphases, the first part includes building assessment, recommendations report, schematic drawings, and a detailed cost estimate.

Final vote would dissolve Miami’s Bayfront Park Trust

By a 3-2 vote, the Miami City Commission advanced a proposal to dissolve the Bayfront Park Management Trust amid ongoing disputes and return control of the waterfront venue to the city. Though the resolution passed during first reading last week, it must return for a final vote on July 10. The June 26 discussion detailed long-standing personality conflicts and operational challenges…

Florida International University enrollment spurts

Florida International University continues to welcome students as enrollment rates trend upwards. “FIU is a university of first choice,” said Jody Glassman, assistant vice president for enrollment and university admissions at FIU. “I think that is definitely being seen in enrollment trends overall, which is also the national trend. Public and state universities, a lot of us, are seeing growth…

Houston-Based Barbaz Development Proposes 37-Story LLA High-Rise for 70 NW 36th Street in Miami

A Houston-based developer hopes to get approval for an affordable housing development that would replace an automotive building in Miami-Dade County. Bazbaz Development has proposed a 37-story tower that would feature 364 residential units. Of those units, 40 percent (about 145) would be designated as workforce housing for tenants earning up to 120 percent…

Resorts World Miami Files Plans With FAA For 3 Towers On Former Miami Herald Site

Resorts World Miami is again requesting Federal Aviation Administration approval to develop three towers at the former Miami Herald Property. The company submitted plans with the FAA for the three towers on June 16. The three towers are planned to rise 642, 643 and 645 feet above ground, or 649, 650 and 652 feet above sea level, the filing shows.

Site Work Permit Issued To Build Downtown Miami Tower With 714 Apartments

Miami’s Building Department has issued a site work permit that will allow a new apartment tower to move forward with construction. The permit was issued on June 10, and is for a second tower at downtown Miami’s Namdar site, where two 43-story towers are being developed. The first tower topped off late last year, and is planned to have 680 apartments.

Related Group And Macklowe Properties Plan Two 43-Story Residential Towers At 8000 East Drive In North Bay Village

Plans have been submitted for a major residential development by Related Group and Macklowe Properties in North Bay Village. The proposal encompasses the properties at 7946, 8000, 8010, and 8020 East Drive and calls for the construction of two 43-story towers designed by Arquitectonica. The project is scheduled for review by the North Bay Village Planning…

‘Uptown Aventura’ MXU Planned for 21440 Biscayne Boulevard

Our sources have revealed plans for a mixed-use development in Miami-Dade County. Uptown Aventura would feature multiple high-, mid-, and low-rise buildings, offering residential, retail, and hotel space. The South Florida Business Journal reports that Uptown Aventura would comprise 10 buildings. The tallest building will span 30 stories above grade, featuring apartments…

Developer Files Pre-Application for Mixed-Use Project at 1400 N.W. 79th St. in Miami

A mobile home park in South Florida could soon be replaced with an eight-story, mixed-use building. Consolidated Companies Group has filed the venture’s pre-application, hoping to get approval for residences and retail. The residential aspect would comprise 145 homes, with floorplans including one-bedroom and two-bedroom layouts. Square footage would range…

Okan Tower Surpasses 28th Floor on way to 902 Feet as Construction Progresses in Downtown Miami

Construction at Okan Tower continues to move steadily upward, with the reinforced concrete superstructure now rising beyond the 28th floor, placing the tower more than 40 percent of the way to its planned 70-story height. Located at 555 North Miami Avenue in Downtown Miami, the 902-foot-tall mixed-use tower is being developed by Okan Group, with design by Behar Font….

Construction Starts on Unnamed 12-Story Venture at 7737 NE 2nd Avenue in Miami

Construction has commenced on a 12-story “design-forward” development in Miami-Dade County. Florida YIMBY reported on this venture two years ago. Our report shared that the venture will comprise 191 rental units, spanning 350,000 square feet of new construction. Homes will span studio to three-bedroom layout plans. Residents will have access to a host of on-site amenities…

Construction Permit Application Submitted For 78-Story Ora By Casa Tua in Brickell

A construction permit application has been filed for the 78-story Ora by Casa Tua tower in Brickell. The filing was submitted to Miami’s Building Department on June 19. According to the filing, the new building is planned to include: 533 condo units on floors 12 through 75 58,089 square feet of office on floors 1 through 8 31,587 square feet of restaurant on floors Lobby…

Chicago Developer Breaks Ground On 191 ‘Design-Forward Rental Units’ In Little River

Chicago-based CEDARst Companies says it has broken ground on a new apartment complex in Miami’s Little River neighborhood. The development will include 191 “design-forward” rental units, 8,000 square feet of ground-floor retail, and 302 parking spaces. The retail will have 18-foot ceilings, and is being designed to activate the streetscape and enhance walkability.

Recently Opened Edgewater Apartment Tower `2000 Biscayne` Already 75% Leased

In Edgewater, the 2000 Biscayne apartment tower that opened less than a year ago has already leased hundreds of units to new residents. The 36-story tower includes 420 apartments, and most have now been leased. The joint-venture ownership of the tower, which includes Kushner Companies and PTM Partners, have now obtained $87.3 million in refinancing.

Walker & Dunlop Arranges $87.3M Refinancing for 2000 Biscayne Apartment Tower in Miami

Walker & Dunlop has arranged an $87.3 million loan for the refinancing of 2000 Biscayne, a new 36-story apartment tower in Miami. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Stepniewski, Dustin Stolly, Jordan Casella, Christopher de Raet and Stanley Cayre of Walker & Dunlop’s New York City capital markets team arranged the financing…

Kushner Cos. JV Lands $87M Refi for Miami Tower

Kushner Cos., in joint venture with PTM Partners, has secured an $87.3 million refinancing loan for 2000 Biscayne, a 420-unit residential tower in Miami. Corebridge Financial provided the loan, while Walker & Dunlop arranged the deal on behalf of the ownership. The refinancing note will retire a previous $82.5 million construction loan issued in 2022 by Valley National Bank…

$30.5 Million Construction Loan Secured For Origin Bay Harbor In Bay Harbor Islands

S3 Capital has originated a $30.5 million construction loan for Origin Bay Harbor, a boutique 27-unit luxury condominium located at 9740–9760 West Bay Harbor Drive in Bay Harbor Islands. The project, developed by VDA Development, will include nine private boat slips along more than 100 feet of water frontage on the island’s northwestern shoreline.

North Miami to Aventura Sees Surge in Development and Lifestyle Investments

A stretch of Northeast Miami-Dade from North Miami to Aventura is experiencing rapid transformation, emerging as one of South Florida’s most active development corridors. A wave of residential, retail, culinary, wellness, and infrastructure investment is reshaping the area into a mixed-use urban district with growing regional influence. From large-scale housing proposals…

Lease roundup: BH, Electra’s Cutler Bay project lands university, Presidente Bar opens in Wynwood

Also, Fort Lauderdale’s Thrive Arts District scored restaurants, tattoo studio and more A private for-profit university will consolidate its Southland Mall facilities into a new campus at the planned redevelopment of the Cutler Bay mall. NUC University Florida Technical College, which is accredited, leased 30,000 square feet at Electra America and BH Group’s mixed-use project…

Central Fare Food Collective Opens At Brightline’s MiamiCentral

Brightline has opened a large new food hall to cater to the growing number of residents in the area. The new Central Fare Food Collective opened on June 17. It includes 12 food and beverage concepts: Cotoita El Turco Express Guchi’s Handroll Bar Icy-N-Spicy Josh’s Corner Diner Peel! Peppi’s Steaks & Hoagies Rosetta Bakery Stanzione Pizza Stephanie’s Crepès Switchpoint…

Auction date set for troubled Pembroke Pines condo complex in receivership

Residents were evacuated in August after safety concerns and allegations of mismanagement An embattled Pembroke Pines condo complex in receivership hit the market. Heron Pond, consisting of 19 two-story lakefront buildings with 304 units at 8400 Southwest First Street, was evacuated last August following monthslong concerns over its structural integrity and unsafe…

Developers building Eturna condominium on Hollywood Beach

Seven-story, 36-unit project is on an Ocean Drive site one block from the beach Four co-developers have found buyers for about 40 percent of the units at Eturna, a boutique condominium on Hollywood Beach, and expect to complete construction of the project by fall. They say pre-construction buyers have agreed to purchase 15 units in the seven-story, 36-unit development…

21-Unit ‘One North Birch’ Proposed for 1 N Birch Road in Fort Lauderdale

Las Olas Harbor Club, LLC has proposed a 13-story luxury development in Broward County. One North Birch would comprise 21 units, with about two on each floor. The spacious residences would measure 4,000 square feet. Communal amenities are to include a swimming pool and deck, fitness center, and club room. Floridian Development notes that future plans could include dock access.

Auction Set For 25-Acre Broward Condo Complex Residents Were Forced To Evacuate

A 36-year-old condo complex in Broward County is heading to auction nearly a year after the city of Pembroke Pines deemed it structurally unsafe for residents. A court-appointed receiver scheduled a public auction of the Heron Pond Condominium Association for Sept. 25. Avison Young and Fisher Auction Co. are handling the marketing and sale process for the 304-unit…

Stiles, FCA Partners Complete Redevelopment of Shopper’s Haven in Pompano Beach

Fort Lauderdale-based Stiles and Charlotte, North Carolina-based FCA Partners have completed the redevelopment of Shopper’s Haven, a 200,144-square-foot retail center in Pompano Beach, roughly 36 miles north of Miami. A new Publix Supermarket — which opened June 26 — anchors the center. Dunphy Development provided additional development…

Venture X Opens Boca Raton Coworking Location

The 30,000-square-foot flex office at Palmetto Central Campus features reception services and a community lounge area. Image courtesy of Grover Corlew Flex office provider Venture X has opened its newest coworking location at Grover Corlew’s Palmetto Central Office Campus, located at 1489 and 1499 W. Palmetto Park Road in Boca Raton, Fla. The coworking brand will occupy…

Plans Unveiled for 8-Story `Link at Boca` at 680 West Yamato Road in Boca Raton

13th Floor Investments has unveiled plans for Link at Boca, a new transit-oriented development located at 680 West Yamato Road in Boca Raton, Florida. The project is slated to break ground this summer and will bring 340 residential units and 24,000 square feet of ground-floor retail to a site directly adjacent to the Boca Raton Tri-Rail Station.

Terra and Frisbie pay $21M for Palm Beach Kennel Club site, plan 400 apartments

Developers plan to add to their assemblage and develop a total of 1,145 units, records show Terra and Frisbie Group paid $20.9 million for a Palm Beach Kennel Club site planned for a 400-unit apartment complex, marking the first phase of their redevelopment of the former dog track. Coconut Grove-based Terra, led by David Martin, and Palm Beach-based Frisbie bought…

Developers Acquire Land for ‘Westgate Village’ at 1111 North Congress Avenue in West Palm Beach

Terra and Frisbie Group are moving forward with Westgate Village, a mixed-use development on the site of the former Palm Beach Kennel Club. The three-phase project, which is anticipated to reach completion in 2032, will comprise 1,145 residences. The phases will yield 400, 340, and 405 units, respectively. According to the Real Deal, Westgate Village will feature workforce…

Gilbane and Palm Beach Atlantic University Reach Financial Close on $240 Million Mixed-Use Student Housing Project in Downtown West Palm Beach

Gilbane, in partnership with Palm Beach Atlantic University, has achieved financial close on a $240 million mixed-use student housing development set to rise in downtown West Palm Beach. The public-private partnership will deliver a 25-story tower at the intersection of Acacia Road and South Dixie Highway, addressing the university’s growing housing needs…

Inside financier Forman Capital’s playbook amid private lending boom

The firm’s business has been propelled to new heights as banks retrench. But what if the market turns? Late last year, a developer needed a hefty loan to get started on a 15-story condo tower in Naples. Prospects were grim. Banks had retrenched amid elevated interest rates, insurance was expensive and questions over the project’s viability loomed.

Companies Delay Industrial Leasing Decisions Amid Economic Uncertainty but Prepare for Future Expansion

Amid a landscape marked by geopolitical shifts, evolving trade policies and economic uncertainty, the industrial commercial real estate sector is undergoing significant transformation. New research from Prologis introduces the Leasing Driver Dimensions framework, a tool designed to help stakeholders understand the complex and varied motivations behind lea…

Revoked Visa Programs, Increased Deportations Heighten Risks To Construction Labor Force

The ice cream shop in CityPlace Doral would normally be bustling on a Tuesday afternoon when the temperature is over 90 degrees. But last week, no one was sitting to enjoy their gelato or linger over a coffee. In the city of Doral in Miami-Dade County, nicknamed Doralzuela for its hefty Venezuelan community, typically lively streets are noticeably quieter in recent months…

Creative Self Storage Solutions Offer Community Appeal

I’m having a hard time wrapping my mind around this situation—it sounds completely untrue. There’s probably more to the story than what we see on the surface, but from a self storage developer’s perspective, it’s definitely jaw-dropping. I understand that municipalities don’t love self storage facilities. They don’t generate gross receipts taxes, they don’t create many jobs…

Video: Yardi Matrix Director of Institutional Research Tyson Huebner Discusses Self Storage Sector

In a recent episode of America’s Commercial Real Estate Show, the host delved into the intricacies and future prospects of the self-storage sector in the commercial real estate market. The show took a detailed look at the self-storage industry. The host’s guest, Tyson Huebner, Director of Institutional Research with Yardi Matrix, provided valuable insights into the sector…

More than 50,000 U.S. Apartments Have Been Delayed Nationally Since 2018

Labor disruptions have recently emerged as a significant concern among apartment developers. That new threat adds to the concerns of tariff implementation, surging insurance premiums and rising construction costs. Roughly 500,000 units have been delayed across major apartment markets since 2018, according to data from RealPage Market Analytics.

Aria Reserve’s First 62-Story Tower Reaches Completion ‘In Record Time’

Melo Group has completed the first 62-story tower at Aria Reserve. Martin Melo, Co-Principal at The Melo Group, said the first tower was delivered in record time. “We’re moving rapidly toward the completion of the North Tower,” he added. Groundbreaking for the first tower took place in May 2002, with a foundation pour in February 2023. Aria Reserve will eventually…

The Miami Underline Breaks Ground On Phase 3 Recreational Facilities

The Underline held groundbreaking ceremonies earlier this month for new health, wellness, and play areas. The new areas will be integrated into Phase 3 of the 10-mile linear park and urban trail, which runs beneath and around the elevated Metrorail tracks. Construction is now officially underway on The Underline’s Pineland Courts & Fitness Room Sponsored by Baptist Health…

New Whole Foods Set To Begin Construction In South Beach

A large new Whole Foods Market will soon begin construction in South Beach, according to the SFBJ. Ocean Bank said it had agreed to provide $54M in construction financing for the building, the report said. Construction permitting began earlier this year, city records show. The new store will be located on property currently occupied by a Wells Fargo Bank at 1901 Alton Road.

Continuum Waterfront District Approved In North Bay Village

Continuum Company has received approval from the North Bay Village Commission for the Continuum Waterfront District . The Continuum Waterfront District is planned to include: Two Continuum condo towers A boutique hotel with restaurants, spa, fitness, and office space A renovated marina, wellness areas, and civic gathering spaces Ground-floor retail…

Oak Row scores $211M construction loan for Edgewater apartment tower

Alex Karakhanian’s Lndmrk is a co-developer of the 324-unit project Oak Row Equities scored a $210.5 million construction loan for a 324-unit multifamily tower in Edgewater, The Real Deal has learned. The deal comes amid a South Florida construction financing flurry, which has continued despite higher interest rates and a slowdown of apartment lease-ups due to record recent…

Oak Row Equities Obtains $210.5M Construction Financing for Apartment Tower in Miami’s Edgewater Neighborhood

Oak Row Equities has secured $210.5 million in construction financing for 2900 Terrace, a 324-unit high-rise apartment tower in the Edgewater neighborhood of Miami. The financing package includes a $142.5 million senior loan from Bank OZK and a $68 million mezzanine loan from Canyon Partners Real Estate LLC. Christopher Peck, Brian Gaswirth…

Developer Secures $210M To Build ‘New Category Of Luxury Rentals’ In Edgewater

Groundbreaking will take place imminently for a luxury apartment tower in Edgewater after the developer secured construction financing, according to a press release. Developer Oak Row Equities closed on $210.5m in construction financing to build 2900 Terrace. The new 38-story building will become “premier luxury multi-family tower in Miami’s Edgewater neighborhood,” the release…

Mast Capital, BH close on Coconut Grove bulk condo deal at 2445 South Bayshore Drive

Developers now control more than 75% of condos, plan to redevelop the site BH Group’s Isaac and Liat Toledano and Mast Capital’s Camilo Miguel Jr. with the Bayshore Park condominium at 2545 South Bayshore Drive in Miami (Getty, BH Group, Mast Capital, Google Maps) Mast Capital and BH Group paid at least $20 million for the majority of condos at an older building…

Miami Apartment Market Regains the South Florida Occupancy Spotlight

Miami is the tightest apartment market in South Florida, after recovering well from the pandemic-era occupancy decline. Before the COVID-19 pandemic, Miami tended to outshine the other two South Florida apartment markets in occupancy performance. In the five years leading up to the pandemic (2015 to 2019), Miami averaged occupancy at 96.1%, according to data…

Lennar proposes 106 townhouses near Homestead, as it continues to target south Miami-Dade

Lennar wants to develop 106 townhouses near Homestead, as the homebuilding giant continues its development spree in south Miami-Dade County. The Miami-based firm, led by Stuart Miller and Jon Jaffe, proposes the Retro West complex with 11 workforce units on a 10-acre vacant site on the northwest corner of Southwest 338th Street and Southwest 192nd Avenue…

Eichners score approval for mixed-use project in North Bay Village

Commissioners voted in favor of special area plan, site plan and development agreement The North Bay Village Commission voted in favor of Continuum Company’s proposal for its Continuum Waterfront District, a two-phase, mixed-use development. Commissioners unanimously approved at a meeting last week a special area plan, site plan and development agreement…

Lease roundup: Pura Vida, Tremble on tap at Esplanade at Aventura

Also, Bridge Point Port Everglades lands its first tenant Open-air shopping center Esplanade at Aventura scored 17 tenants for a combined 54,800 square feet. This month, Tremble will open a 1,600-square-foot gym and Bank of America will open a 4,700-square-foot branch at 19505 Biscayne Boulevard in Aventura, according to a news release from Esplanade at Aventura.

Sunset Harbour’s Office Depot site trades for $29M 

Miami Beach neighborhood is experiencing some redevelopment, including the Eighteen Sunset The Office Depot site in Miami Beach’s Sunset Harbour traded for $28.5 million, The Real Deal has learned. EOS Wellness Real Estate Miami LLC bought the 19,700-square-foot retail building on the 0.6-acre site at 1771 West Avenue, according to a source.

New development firm plans pair of Ojus condo projects for first build

Construction contractor Jorge Saivay, engineer Luis Ochoa founded GrowIn Group last year GrowIn Group’s Jorge Saivay and Luis Ochoa with renderings of the Lev at Aventura and Eden at Aventura condo projects in Ojus (Getty, GrowIn Group, Gaviria Architects) Newly formed real estate firm GrowIn Group proposes a pair of 32-unit condo buildings in Ojus, marking its first…

“Not a license to lie”: Aventura Developer seeks punitive damages from Winn-Dixie’s parent 

Southeastern Grocers executives allegedly deceived Aventura-based TCII Capital affiliate in new grocery store build Winn-Dixie parent Southeastern Grocers allegedly misled an Aventura-based developer into starting construction of a new store the company had no intention of occupying, court records show. On Monday, Miami-Dade Circuit Court Judge Abby Cinnamon…

Edge House Miami and Clear™ Partner to Create Edgewater’s First Biosecure Short-Term Rental Tower

Grupo T&C has announced a partnership with Clear™, a global wellness technology company, to bring air, water, and surface purification systems to Edge House Miami, a planned 57-story short-term rental tower in Edgewater. The collaboration makes the development the first biosecure tower of its kind in the neighborhood, with health and environmental wellness technologies…

Edge House Announces Plan To Become First Biosecure Tower In Edgewater

Edge House Miami has announced plans to become the first biosecure high-rise in Edgewater. The developer of the building is partnering with Clear, a wellness technology company. The technology being installed will include ClearCentral – A whole-building water sterilization system that treats incoming water for contaminants. The air in corridors in the building will be treated…

163-Unit Affordable Housing Development Proposed for 838 NW 79th Street in Miami

Cooper City-based Ainuz Holdings LLC has plans for a mid-rise housing development in Miami-Dade County. The venture is planned to measure 14 stories above grade and comprise 163 homes, 40 percent of which (65) would be deemed workforce housing. The venture’s currently in its pre-application phase. Residency will be available to tenants earning up to 120 percent…

Immersive art museum could replace longtime movie theater on Lincoln Road

Superhuman Museum LLC proposes converting Regal Cinemas to immersive art museum. Miami Beach Planning Board will review proposal on July 1. Project aims to revitalize Lincoln Road with interactive art experiences. A proposal to convert the Regal Cinemas on Lincoln Road into an immersive art museum is scheduled to go before the Miami Beach…

Interior Demolition Permit Issued At Brickell’s Mandarin Oriental Site

The first demolition permit was issued this morning for the Brickell Key site where two new Mandarin Oriental towers are planned. An interior demolition permit was approved early this morning by Miami’s Building Department, and issued just a few minutes later. The approved permit covers a total of 527,824 square feet of space. Other permits, including for total…

State Of Florida ‘Seizes’ Everglades Jetport Land

At least part of Miami-Dade’s Everglades Jetport land has been “seized” by the State of Florida to house an immigration detention center, according to the Herald. The new detention facility is being called “Alligator Alcatraz” due to its location in the Everglades. Under Florida law, the governor has the authority to seize private property in the event of an emergency.

$125M Construction Loan Secured For New Mixed-Use Tower ‘Cassi’ in Design District

A $125m construction loan has been secured for a new tower called Cassi in the Design District. Cassi will rise 20 stories. It will include 107 rental apartment units, averaging 1,509 square feet – larger than average, with 161,444 total rentable square feet. There will also be 23,000 rentable square feet of retail space. Walker & Dunlop, Inc. arranged the financing, which was led…

24-story Allapattah tower to include micro units

A developer is bringing affordable housing, including some micro units, to the Allapattah neighborhood of Miami. Joe Acquisitions LLC proposes a 24-story mixed-use residential development for 1334 NW 22nd St., offering 400 residential units, about 17,800 square feet of commercial-retail uses on two floors, and a parking podium for up to 335 vehicles.

Mount Sinai growing with entry into Westchester

Mount Sinai Medical Center is moving to expand its impact in South Florida to Westchester as it breaks ground on a new state-of-art emergency center at 8200 SW Eighth Street. “The building is going to bring critical services to the community; emergency services,” said Matt Barnard, associate vice president of planning and construction at Mount Sinai Medical Center.

Baptist’s Women’s Cancer Center due for 2026 use

Construction continues on the Al and Jane Nahmad Women’s Cancer Center at Baptist Health’s Kendall campus, with topping out of the building structure planned for September and completion expected by December 2026. The cutting-edge,  155,000-square-foot facility remains on track to open as scheduled, expanding access to specialized cancer care tailored to women’s needs…

Dr. Dipen Parekh: Noted healthcare innovator becomes the CEO of UHealth

This month, Dr. Dipen J. Parekh was named the chief executive officer of UHealth, as well as executive vice president for Health Affairs at the University of Miami. Since joining UHealth in 2012, Dr. Parekh, a globally renowned urologic oncologist, healthcare innovator, and leader in academic medicine, has played a pivotal role each step of the way as the University of Miami…

Miami Office Market Defies National Trends, Sees Rent and Occupancy Growth

Over the past five years, the national office market has faced its fair share of challenges: hybrid work reshaping demand, a surge in sublease spaces and rents stagnating in many cities. But Miami’s office market? It’s been a standout performer, and it’s soaring, not just holding its ground. From the onset of the COVID-19 pandemic, Miami began to separate itself from other major metros.

Esplanade at Aventura Welcomes 17 New Tenants Including Starbucks, Pura Vida, and Anatomy Fitness

Esplanade at Aventura, the recently completed open-air retail and lifestyle center in northeast Miami-Dade, is continuing its expansion with the announcement of 17 new tenants. Since its grand opening in December 2023, the development has emerged as a prominent destination for dining, wellness, and upscale retail in South Florida. The new leases represent more than 54,000 sf…

Seritage Growth Signs 17 New Tenants at Esplanade at Aventura in Metro Miami

Seritage Growth Properties, a REIT created by Sears Holdings in 2015, has signed leases with 17 new tenants at Esplanade at Aventura, its 215,000-square-foot mixed-use development located in the northeastern Miami suburb of Aventura. Retail and restaurant concepts including The Salty Donut, If So, Chip City and The Shade Store recently opened at the property…

Hilco Real Estate Sales Announces Entitled Dev Parcel Available Through Bankruptcy Sale in North Miami Beach

Strategically located at the corner of NE 163rd Street and NE 19th Avenue, address 16300 NE 19th Avenue, the shovel-ready site is fully entitled for a 20+-story, 341-unit, Class-A multifamily development with over 400 structured parking spaces and 11,600± SF of commercial space. This site offers strong access to Dixie Highway and I-95 and sits within 15 miles of both MIA…

Developers Reckon With Building Against South Florida’s Rising Tide

South Florida’s coast may be among the most valuable real estate in the world, but as sea levels rise, developers are being forced to adapt — and some are considering how long they can continue building next to rising waters. Amid the threat of increased flood risk, uneven local mandates and cuts to the National Oceanic and Atmospheric Administration and National Hurricane Center…

Plans Filed With UDRB For 233 Luxury Condos In Wynwood

The developers planning a luxury condo building in Wynwood have submitted their plans to Miami’s Urban Development Review Board. The building, known as Twenty Sixth & 2nd Wynwood Residences, was announced in April. Condo sales launched the same month. According to the UDRB filing, Twenty Sixth & 2nd Wynwood Residences is planned to rise 8 stories…

Miami Becomes Even More Densely Populated With 10% Increase In Population

The city of Miami has seen a healthy increase in population (and density) since 2020, according to recent data from the U.S. Census Bureau. Miami’s population was estimated to have reached 487,014 as of July 1, 2024, compared to 442,244 on April 1, 2020. That is an increase of 44,770 new residents, or 10.1 percent. The added population means there has been an increase in population…

Groundbreaking Tomorrow For $600M MIA Terminal Expansion – First Since 2012

Miami International Airport is planning a groundbreaking ceremony tomorrow for a brand new concourse. The new Concourse K will span around 300,000 square feet, spread over three levels. It will include six new passenger gates, a passenger lounge, and new dining and shopping options for passengers. The cost of the expansion is estimated at $600.6 million.

$210.5 Million Construction Financing Secured For 2900 Terrace In Edgewater

Oak Row Equities has closed on $210.5 million in construction financing for 2900 Terrace, a luxury multifamily tower in Miami’s Edgewater neighborhood. The financing package comprises a $142.5 million senior loan from Bank OZK and a $68 million mezzanine loan from Canyon Partners Real Estate LLC. JLL Capital Markets arranged the debt, with construction now…

Monceau Realty Revises Plans for Development at 26710 S.W. 144th Avenue in Homestead

Monceau Realty is scaling back plans for a project Florida YIMBY originally covered in 2023. The venture, then known to us as “Bloch Naranja Estates,” was planned to feature 197 workforce housing apartments in eight stories, totaling just over 230,000 square feet. Now, plans have changed, and the developer is seeking to cut the height in half, along with reducing…

Developers Pledge $1 Million To Improve Streetscape And Park Near Surf Row Residences In Surfside

The development team behind Surf Row Residences—LD&D in partnership with ONE Capital and IGEQ—has pledged $1 million toward enhancing the surrounding streetscape and public amenities near the project site in Surfside. The funds will support the revitalization of a stretch of 88th Street, as well as upgrades to Veterans Park and its adjacent tennis courts.

Ocean Bank Provides $54M Construction Loan for Whole Foods-Anchored Retail Project in Miami Beach

Ocen Bank has provided a $54 million construction loan for a retail development in Miami Beach. The borrower, 1901 Alton Property LLC, an affiliate of veteran developer Russell Galbut and his daughter Marisa Galbut, is developing a commercial building that will house a 40,883-square-foot Whole Foods Market, 4,000-square-foot Wells Fargo bank branch and 271 parking spaces.

Tower Cranes Up To 1,298 Feet Tall Planned For Citadel’s Supertall Project At 1201 Brickell Bay Drive in Miami

Permits have been filed with the Federal Aviation Administration (FAA) for the installation of three tower cranes at 1201 Brickell Bay Drive in Miami, where Citadel, the hedge fund led by Ken Griffin, in partnership with New York-based Related Companies, plans to construct a 1,040-foot-tall supertall commercial tower designed by Foster + Partners with AAI Architects…

Continuum Unveils Waterfront District After Unanimous Approval in North Bay Village

Continuum Company has unveiled its vision for the Continuum Waterfront District, a transformative two-phase, mixed-use development spanning more than three acres along Biscayne Bay in North Bay Village. The master plan, designed by Arquitectonica, was recently granted unanimous approval by the North Bay Village Commission and aligns with the city’s NBV100 Master Plan…

Miami Developer Avra Jain Settles With Creditors Over $2.4M Judgment

Avra Jain’s former attorneys have settled with the prominent developer over the $2.4 million in court judgments she owed for her unsuccessful legal malpractice lawsuit. The case was officially dismissed in February, and the settlement terms are confidential. While recognized as a real estate visionary, Jain had been embroiled in a legal saga dating back to 2009.

Kadima launches $70M Hallandale Beach mixed-use condo project ‘Seven Park’

Plan is nearly double the cost of its other nearby multifamily development Kadima Developers is launching a $70 million mixed-use condo project in Hallandale Beach, marking the latest addition to the city’s residential development pipeline. Kadima’s Seven Park is planned for 218-220 Southeast 7th Street and will span eight stories with 121 condos, according to a press release.

‘Seven Park’ to Feature 121 Residences at 220 SE 7th Street in Hallandale Beach

Kadima Developers intends to break ground on a mixed-use venture in Hallandale Beach. Seven Park is slated to measure eight stories above grade, comprising 121 residences. According to the South Florida Business Journal, homes would span studio to three-bedroom layout plans, measuring 500 to 1,645 square feet. They’re priced starting at $375,000.

DMD Ventures claims lender seeks unlawful foreclosure of 2-Acre Fort Lauderdale multifamily dev site

Lender entity backed by EB-5 investors alleges developer defaulted on $11M mortgage debt DMD Ventures launched a preemptive legal strike in an attempt to stave off foreclosure of a 2-acre multifamily development site in Fort Lauderdale. On June 13, a Naples-based lending entity managed by lawyer Anthony Korda sued Fort Lauderdale-based DMD in Broward County Circuit…

13th Floor Unveils Plans for Boca Raton Mixed-Use TOD

13th Floor Investments is planning to break ground this summer on Link at Boca, a mixed-use, transit-oriented development located in Boca Raton, Fla., that will feature an eight-story multifamily building with 340 market-rate and workforce apartments. The project is expected to take two years to complete. Located at 680 West Yamato Road, Link at Boca will also have…

Billionaire migration fuels million-dollar tax bills in Palm Beach

Ken Griffin’s property taxes on the island top $10M Palm Beach’s luxury real estate boom is fueling a rare phenomenon: the million-dollar property tax bill. Of all the affluent homeowners on the island, no one has a higher bill than billionaire hedge funder Ken Griffin, whose property tax bill is more than $10 million, according to Bloomberg. Griffin is one of at least 60 billionaire…

Kolter, Perko buy out waterfront West Palm Beach condo for $38M

Developers plan 18-story luxury tower across Intracoastal from Mar-a-Lago Kolter Group and Perko Development dropped $37.6 million on the buyout of an aging condominium in West Palm Beach across the water from Donald Trump’s Mar-a-Lago Club. The partners bought all 38 units in Flagler House at 3705 South Flagler Drive from the individual owners and terminated…

Related Group, partners plan workforce housing at Marina Village in Riviera Beach

It’s part of a 90-acre mixed-use master-planned development near Riviera Beach’s waterfront Riviera Beach officials cleared a path for Related Group’s affordable arm to develop a 149-unit workforce housing project at Marina Village. The Riviera Beach City Council on Wednesday approved the replat of 2.4 acres between Broadway and Avenue C just south of East 12th St…

Defunct Retreat Behavioral Health facility near Lake Worth Beach sells for $16M

Banyan Treatment Centers already lined up as new tenant Banyan Treatment Centers CEO John Sory with 4140 Lake Worth Road (Getty, Banyan Treatment Centers, Google Maps) A vacant, distressed drug treatment facility near Lake Worth Beach sold for $15.6 million, and the new landlord has secured Banyan Treatment Centers to move into the building. Blue Cane Properties…

18-Story ‘Flagler House’ Planned for 3705 S Flagler Drive in West Palm Beach

PK Flagler LLC, a partnership between Perko Development and Kolter Urban, is moving forward with a high-rise luxury project in Palm Beach County. Flagler House is planned to measure 194 feet above grade, offering 39 units. The tower will replace a low-rise residential building on the property that has recently been vacated. The previous structure was erected in the mid-1980s…

Immocorp scores $117M construction loan apartment complex in West Palm’s Northwood

Gilbert Benhamou and Gideon Friedman started construction last year on the 382-unit project using their own equity A developer scored a $117 million construction loan for a 382-unit multifamily project in West Palm Beach’s Northwood District. Immocorp Ventures –– a partnership between Gilbert Benhamou of Aventura-based Immocorp Capital and Gideon Friedman…

Microsoft-linked buyer is assembling a $350M Palm Beach portfolio

A buyer linked to Microsoft is assembling a sprawling portfolio of Palm Beach properties, in a series of deals that will likely total more than $350 million, sources told The Real Deal. Billionaire Charles Simonyi, the early Microsoft employee credited with creating Word and Excel, is likely the buyer, sources confirmed to TRD. The Wall Street Journal first reported that Simonyi…

How ICE raids could affect Florida’s construction industry 

Over 100 were detained at a Tallahassee construction site last month, as local law enforcement agencies partner with ICE Reports of federal immigration agents detaining construction workers across the state are trickling in. Six of more than 100 people who were detained by U.S. Immigration and Customs Enforcement agents in Tallahassee late last month were recently charged…

Office Sector Is Turning a Corner. What Is Fueling its Return?

By Brett Reese of CP Group After several years of disruption, the office market is beginning to show meaningful signs of recovery. Market fundamentals are strengthening, sentiment is shifting and the data backs it up. Office sales totaled $64.3 billion last year, up nearly 21 percent from 2023, according to MSCI Real Assets. Net absorption also turned positive…

FOMC Summary of Economic Projections, June 2025

In a previous FRED blog, we discussed the Summary of Economic Projections (SEP) released by the FOMC this past March. In this blog post, we will again use ALFRED, the vintage data version of FRED, to compare the latest projections released in June 2025 with several of the recent projections through 2027 for the following variables: the unemployment ratecore…

‘Follow The Politics’: Developers Slow To Return To New York City

By all indications, five years after the onset of the pandemic, New York City is back. Many of its developers, however, are not. New York’s office sector is at its most active since 2019, its vacancy rate is falling and it leads the nation in demand for top-tier space. Apartment vacancy is at a multi-decade low of 1.4%, and rents are at all-time highs. And 65 million tourists…

DeSantis signs amended condo safety bills into law on anniversary of Surfside collapse

Legislation extends deadline for associations to complete structural integrity reserve studies to end of 2025 Gov. Ron DeSantis signed bills amending the state’s condo safety legislation, four years after the deadly Surfside collapse. On Monday, DeSantis signed House Bill 913 and House Bill 393 into law. The June 24, 2021 collapse of Champlain Towers South killed 98 people overnight…

Signs of Office Stability Nationally Emerge as Downsizing Eases 

The contraction of office space utilization is easing, according to a new report by Cushman & Wakefield in partnership with CoreNet Global. Over the last two years, two-thirds of major space occupiers reduced their office space usage, but only about one-third (32 percent) are planning further downsizing. Indeed, one in eight occupiers plans to expand their footprint, the report noted.

Chart: Surge in Trade Policy Uncertainty Index 4 Times any Prior

Economic uncertainty related to trade policy has spiked to unprecedented levels, driven by erratic political shifts and a barrage of rapidly changing tariffs. While some interpret this as a strategic maneuver, the effects are measurable regardless of intent. The chart above, based on the Fed’s Economic Policy Uncertainty Index for trade policy, highlights the current surge in uncertainty.

What a recession could mean for commercial real estate

With inflation, interest rates and the presidential administration’s trade policies dominating the news cycle, the potential for a recession is top of mind for commercial real estate. To determine how a recession might impact commercial real estate, we spoke with Tom LaSalvia, Head of Commercial Real Estate Economics for Moody’s; Ginger Chambless, Head of Research…

The Era of Side Hustles & Freelancers: Can Self Storage Be the Next Creative Workspace?

“Find a stable job with health insurance and retirement benefits”—said no parent in the last decade. In the days of the Greatest Generation and Baby Boomers, dedicating your career to a single company often meant a secure retirement. That era, however, isn’t even conceivable for Millennials and Gen Z—unless, perhaps, you’re in a government job. Advances in technology…

Plans Filed For Cranes To Build ‘One Of Greatest Office Buildings In The World’ at Citadel Site

The Federal Aviation Administration received an application yesterday for approval to install construction cranes at the Citadel site in Brickell. According to the June 17 filing, the cranes are expected to reach a height of around 1,301 feet above sea level, or 1,297 and 1,298 feet above ground level, pending approval. The cranes are estimated to be installed beginning around…

Report: One Bidder To Build Massive Metrocenter In Downtown Miami

Miami-Dade received only one bid to build the Metrocenter project, according to a report in The Real Deal. Previously, three separate development teams were said to be working on bids for the project. The sole bid came from a joint venture between Related Urban, 13th Floor Investments, and Merrimac Ventures. A previous report said they had been working with Arquitectonica…

Walker & Dunlop Arranges $125M Construction Loan for Cassi Apartment Tower in Miami

Walker & Dunlop has arranged a $125 million construction loan for Cassi, a 20-story apartment tower located at 91 N.E. 36th St. in Miami’s Design District. Sean Reimer, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella and Michael Stepniewski led Walker & Dunlop’s New York Capital Markets team in arranging the financing on behalf of the borrower…

Craig Robins’ Dacra, partners score $125M construction loan for Design District apartment project

Craig Robins’ Dacra and its partners landed a $125 million construction loan for a 107-unit apartment project in the Miami Design District. The deal marks continued flow of financing for South Florida multifamily development, despite a slowdown of leasing and plateauing –– and even slightly declining rents –– compared with recent years’ bonanza.

Partner accuses Canero Group of “fraudulent scheme” involving Miami-Dade projects

Justin Rundle, son of county’s top prosecutor, is suing Miami-based firm and its principals over alleged mismanagement A fallout between Canero Group’s principals and a high-profile partner has sparked allegations of fraud and mismanagement involving six projects in Miami and Homestead. Justin Rundle, a real estate investor and son of Miami-Dade State Attorney Katherine…

Chilean developer proposes 544-unit resi tower on former Mexican Consulate site in Brickell 

Ardid family’s Key International signed an agreement last year to purchase property from owner Claudio Fischer A developer proposes a 544-unit residential tower on the former Mexican Consulate site in Brickell, marking a continuing flurry of project applications for Miami’s financial district. The proposal is for a 41-story building with 9,400 square feet of ground-floor retail…

Roble One Breaks Ground In Coconut Grove, Secures $7.87 Million Construction Loan

Roble One, a new boutique condominium development at 3069 Plaza Street in West Coconut Grove, has officially broken ground. The groundbreaking coincides with the closing of a $7.87 million construction loan secured by the project’s developer, SSA Group, from Intercredit Bank. Completion is expected in 2026.

Metro Parc South Breaks Ground at 954 and 934 East 25th Street in Hialeah

Construction has begun on Metro Parc South, a 10-story, 347-unit multifamily development located at 954 and 934 East 25th Street in Hialeah. The project is being developed by Coral Gables-based MG Developer as part of its broader Metro Center master plan, which aims to transform the area with over 2.3 million square feet of residential and retail space….

‘Griffin Parkview Apartments’ Set for 2026 Groundbreaking at 12300 West Dixie Hwy in North Miami

MMG Equity Partners has secured approval for a residential development with workforce housing in North Miami. Griffin Parkview Apartments will measure eight stories above grade, offering a total of 110 units. Of those homes, 40 percent will be deemed workforce housing, designated for households earning up to 120 percent of the area median income (AMI).

Ken Griffin: Miami ‘Unequivocally’ One Of Great Up-And-Coming Cities In The World

Billionaire Citadel founder Ken Griffin is bullish on the future of Miami. “Miami is unequivocally one of the great up-and-coming cities, not just in Florida, not just in America, but in the world,” Griffin said in an interview published today. “This is one of the most fun places you can possibly imagine living in,” he added. “What’s wonderful about being in Miami is you go to dinner…”

Construction Underway On New 35-Story Tower ‘Cadence’ at Douglas Road Metrorail Station

Another transit-oriented apartment tower has broken ground at the Douglas Road Metrorail Station. The new tower will rise 35 stories, and will be known as Cadence. Cadence will include 432 apartments, of which 12.5% will be set aside for workforce housing. It will become part of the Link at Douglas complex, which will include four towers with 1,565 apartments.

Boeing Owned Electric Air Taxi Service Wisk Aero Announces Miami As Launch Market

Miami will be a launch city for a new electric air taxi service. Wisk Aero, which is a wholly owned subsidiary of Boeing, made the announcement during the Paris Air Show. The company said it has now signed agreements with both the Miami Dade Aviation Department and the University of Miami. Miami-Dade will held collaborate on future locations for Wisk operations…

Joule House Wynwood Reaches Completion With 308 Luxury Apartments

Get ready for hundreds more residents to move into Wynwood. The developer of the Joule House complex announced that the building had received a Temporary Certificate of Occupancy from the City of Miami, allowing move-ins to begin. The first move-ins have already been initiated, the developer said. Joule House includes 308 luxury apartments, with interiors by ID & Design…

Residential tower ‘The Aurea’ near Miami Health District wins city OK

A new multi-use residential project, The Aurea, is planned for a site near the Dolphin Expressway and Miami’s Health District. Owner-developer HPM Lot 5 LLC is proposing the 29-story building at 1321 NW Ninth Ave., to be home to 332 multi-family residential units, amenities, and some ground floor retail. In application documents, the project is also called Highland Park Lot 5.

Swiss Pharma Company Galderma Opening Brickell HQ Office With 150 Employees

Switzerland’s Galderma announced today that it will establish a U.S. headquarters office in Brickell. The dermatology focused pharmaceutical company said it will have around 150 employees, including U.S. leadership roles, based in the new Miami office by 2028. The U.S. is the largest region for Galderma’s business, and Miami has one of the highest concentrations…

City board rejects 166 Little Havana housing units

A development team is working to bring more affordable housing to Little Havana, utilizing the state’s Live Local Act. However, a city review board is critical of the plan. The project is designed to include a 23-story mixed-use residential development, home to 166 dwellings, 403 square feet of commercial use on ground level, with associated amenities, with seven levels of parking.

Swire Sells Brickell Property To Developer Planning Possible 40-Story Tower

An affiliate of Habitat Group has purchased a Brickell property from an affiliate of Swire Properties, according to the SFBJ. Abitaro Living LLC paid $7.5m for the property. The company is lead by Santiago Vanegas, and the Abitaro concept is for shared property ownership. The developer is now said to be considering two possibilities for the property.

Exterior Cladding Nearly Complete At NoMad Residences Wynwood

NoMad Residences Wynwood, which broke ground in September 2023, is moving closer to completion. Photos taken last month show that exterior cladding is now mostly in place. The building is scheduled to reach completion in Q4 2025, a representative of the developers said. NoMad Residences will include 329 condos delivered finished and furnished, and allowing flexible rentals.

European Lifestyle Hotel Group Launches Branded Condos In Wynwood

In Wynwood, a new development known as The Cloud One Hotel & Residences Wynwood is now launching sales. The Cloud One Hotels is a Germany-based lifestyle hotel brand. The development is planned to include 85 condo units, starting in the high $500,000s. Unit sizes will range from studios to three bedrooms, including duplex penthouse units with 22-foot ceilings.

New Renderings Of Crown Overtown, Funding Vote Scheduled

The Southeast Overtown/Park West CRA has scheduled a vote on design service funding for the planned Crown Overtown project. The project is split into phase 1 and 2, with a combined 1.6 acres. The first phase is entirely within the 9th Street Pedestrian Mall, with an assumed construction budget of $15m. The design contract is with Hood Design Studio of Oakland California.

South Florida Is a Magnet for Multifamily Owners, Investors and Lenders

South Florida remains one of the most attractive markets for multifamily investment in the United States, driven by population growth, job creation and limited rental supply. While 2024 saw slower transaction volumes, fundamentals suggest a rebound is coming in 2025.  This article explores trends in investment sales, debt capital markets and joint venture (JV) equity…

Plans Submitted to Miami’s UDRB For Twenty Sixth & 2nd Wynwood Residences

Plans have been submitted for review to the Urban Development Review Board for Twenty Sixth & 2nd Wynwood Residences, a new eight-story mixed-use development proposed for 2600 NW 2nd Avenue in Miami’s Wynwood neighborhood. A joint venture between PMG and LNDMRK Development, under 2600 NW 2nd Ave Trustee, LLC, spearheads the project.

Two-Tower ‘Arch Creek’ Proposed for 2056 NE 140th Street in North Miami

Developer Arch Creek Equities LLC has proposed a two-tower, high-rise housing development in North Miami. The project, which some sources call “Arch Creek,” would comprise two 10-story buildings. The pair would be separated by a street and feature a total of 293 apartments. The residences would include studio to two-bedroom floorplans, with the minimum unit…

Melo Group Proposes Biscayne 18, Twin 46-Story Towers With 1,178 Units At 331 NE 18th Street In Edgewater

An affiliate of Melo Group has submitted plans for Biscayne 18, a two-tower residential development proposed for Edgewater. Filed under 17 PLAZA LLC, the project is planned for a 1.57-acre city block bounded by Biscayne Boulevard to the west, NE 18th Street to the south, NE 4th Avenue to the east, and NE 19th Street to the north. The Property currently consists of vacant land…

UDRB to Review Plans for Final Phase of Aria Reserve at 500 NE 24th Street in Miami

Miami’s Urban Development Review Board (UDRB) has plans to review the third and final phase of the Melo Group’s Aria Reserve project. Currently, phases one and two are under construction. The last phase, called Aria Reserve Skyclub, will comprise residential, retail, and office space. More specifically, the Next Miami notes that the expansion would measure 49 stories…

Ytech Unveils KPF-Designed Residential Tower ‘Seven Broadway’ in Brickell

Ytech has unveiled plans for Seven Broadway, a new residential tower designed by Kohn Pedersen Fox, proposed for 75 and 41 Southwest 15th Road in Miami’s Brickell neighborhood. The development would rise from a 0.3-acre site located two blocks west of Brickell Avenue and directly across from Cipriani Residences….

Newmark Arranges $111M Construction Loan for Perrin Multifamily Development in Miami

Newmark has arranged a $111 million construction loan for The Perrin, a 310-unit multifamily development located at 901 SW 3rd Ave. in Miami’s Brickell district. Danny Matz of Newmark secured the financing on behalf of the borrower, The Empira Group. Goldman Sachs provided the loan. The 26-story project will feature a mix of studios, one-, two- and three-bedroom floorplans…

‘The Cloud One Hotel & Residences’ Planned for 2215 NW 1st Place in Miami

Construction is slated to start on the Cloud One Hotel & Residences by the end of this year. The luxury venture will measure eight stories above grade, where it will offer 85 condos and 214 hotel rooms. According to the South Florida Business Journal, homes would comprise studios to duplexes; they would span 450 to 2,200 square feet. In-unit features are set to include…

Continental Realty Corp. Acquires CityPlace Doral Retail Development in South Florida for $87.5M

Baltimore-based Continental Realty Corp. (CRC) has purchased CityPlace Doral, a 235,000-square-foot lifestyle retail center located at 8300 N.W. 36th St. in Doral, a western suburb of Miami. CRC financed the $87.5 million acquisition using funds from Continental Realty Opportunistic Retail Fund I LP, a related co-investment and a $58.3 million loan from a regional bank.

25-Story Mixed-Use Tower with 300 Residential Units Planned in Goulds Neighborhood of Miami-Dade County

A 262-foot-tall mixed-use tower has been proposed for a 61,847-square-foot (1.42-acre) multi-parcel assemblage at the intersection of South Dixie Highway and SW 214th Street in Goulds, a neighborhood in southern Miami-Dade County. The development, led by RCC Developers LLC and designed by Modis Architects, would become the tallest building in the immediate area…

Two-Tower Development Planned for 6100 Caballero Boulevard in Coral Gables

Fortune International Group is moving forward with a residential development that’s been in the works for more than two years. The firm recently acquired Gables Waterway, a development constructed in the 1950s and 1960s, for $37.5 million. The property appreciated in value 87 percent since it last traded hands for $20 million in 2014. The currently unnamed project is set…

Ytech Plans Luxury Brickell Residential Tower ‘Seven Broadway’ Designed By KPF

Developer Ytech is moving forward with development plans for a new luxury residential tower in Brickell called Seven Broadway. The developer is now filing the plans with Miami’s Urban Development Review Board for the new building. Kohn Pedersen Fox of New York is the architect for the new tower. Landscape design is by Enea. “This residential tower is the result of years…

‘Generational-Scale Development’ Planned In Edgewater After $42M Buy

A developer paid $42m for a property in Edgewater, with plans for a massive new development. Trilogy Real Estate Group, a national real estate investment and development firm, is the buyer, according to a press release from broker Colliers. The newly sold property is at 2200 Biscayne Blvd, and will be combined with an adjacent site already owned by Trilogy.

Foundation Pour Completed At 700-Foot Miami Worldcenter Tower

A foundation pour for the JEM Private Residences tower at Miami Worldcenter has been completed, with vertical construction now underway. The 18-hour pour began on May 30, with a total of 840 loads delivered by concrete trucks. There were 120 trucks in continuous use, making multiple trips. JEM Private Residences will rise over 700 feet, with condo residences starting…

Lease roundup: Alo Yoga on tap in Brickell; SoleFly, Japanese pancakes café coming to Doral

Also, a Pilates studio is expanding to Coral Gables Swire Properties’ Brickell City Centre scored eight tenants. In the biggest lease, global fashion label Massimo Dutti will open a 6,100-square-foot store at the mixed-use complex in Miami’s Brickell, according to a Brickell City Centre news release. Alo Yoga leased 3,900 square feet; activewear brand Vuori leased 3,200 square feet…

Hotels hit rough patch but avoid cutting rates

Despite the hotel industry anticipating a slowdown, Miami is expected to overcome headwinds. A lot of uncertainty revolves around the outlook for the summer, said David Whitaker, president & CEO of the Greater Miami Convention & Visitors Bureau. “The good news is, if we’re going to face a period of uncertainty, isn’t it encouraging to come off and have some momentum…

Lynn Torrent: Takes the helm of growing MSC Cruises North America

When Lynn Torrent was named president of MSC Cruises USA in May, it was an important step in a career that’s influenced modern cruising, one that started far from Miami’s sunny shores. Born and raised on Long Island, NY, Ms. Torrent first studied accounting at Long Island University and afterwards moved south in search of tropical weather, earning an MBA…

Florida Attorney General proposes immigrant detention center in Everglades

Florida Attorney General James Uthmeier is calling it “Alligator Alcatraz.” He told Fox Business on Tuesday that Florida is proposing to build a massive immigrant detention center in the Everglades on a large parcel of land owned by Miami-Dade County. The facility, says Uthmeier, would house suspected undocumented immigrants, process immigration cases and easily…

Eight-Story, 422-Unit Mixed-Use Development Proposed For 312 NW 7th Street In Fort Lauderdale’s Progresso Village

A new residential development has been proposed for 312 NW 7th Street in Fort Lauderdale’s Progresso Village neighborhood. The project, led by Home Venture Investments, calls for an eight-story mixed-use building with 422 apartment units, 1,667 square feet of ground-floor commercial space, and 581 parking spaces. The site falls within the NWRAC-MUE zoning district…

Lennar advances plan to build 50 townhouses in Wilton Manors

Homebuilder expects to price the three- and four-bedroom townhouses above $800K Lennar expects to break ground by year-end on 50 townhouses in Wilton Manors and sell them at prices starting above $800,000. The Wilton Manors City Commission unanimously voted Tuesday to approve the development on 5 acres at 1550 Northeast 26th Street, four blocks west of U.S. 1.

Seritage sells shuttered Sears in Boca Raton to Simon for $23M

Two years ago, seller lost court ruling to redevelop big box store Simon Property Group finalized its takeover of a shuttered Sears store at Town Center at Boca Raton in Palm Beach County. An affiliate of Indianapolis-based Simon, led by David Simon, paid $23 million to an affiliate of New York-based Seritage Growth Properties for the 180,029-square-foot big box store…

Boca Raton approves 289-unit mixed-income apartment project

Seven-story building at Park at Broken Sound will include 44 workforce and affordable housing units Developers can move forward with plans to build a seven-story, 289-unit mixed-income apartment building with workforce and affordable housing in Boca Raton, where a hotel and office complex was originally planned. The amended master plan for the 11.6-acre property…

At Boca Raton redevelopment, CityPickle and partners swing for pickleball center

New York-based group raised $20M for 25-court, 100k sf Boca Paddle The loud pop of plastic pickle balls hitting the asphalt might be a deterrent for some luxury buyers. For others, the sport is such a draw that high-end condo towers are adding courts for pickleball — and its cousin, padel — precisely to appeal to buyers. The latest is from CityPickle and its partners…

Realty Income sells West Palm car lot for $24M to Jon Samuel

Palm Beach County signed a lease to use property for public bus depot Realty Income CEO Sumit Roy with the former car lot at 1200 South Congress Avenue in West Palm Beach. Miami-based investor Jon Samuel paid $24 million for a shuttered car lot in West Palm Beach that was the former headquarters of a defunct auto dealer. Three entities managed by Samuel, who leads…

Griffis drops $87M for downtown West Palm apartment tower

Woodfield Development, Northwestern Mutual Life Insurance sell 223-unit building Griffis Residential’s Ian Griffis with the Griffis West Palm apartment tower at 345 Banyan Boulevard in West Palm Beach. Woodfield Development sold a 223-unit apartment tower in downtown West Palm Beach for $87 million. The deal marks a slight uptick in South Florida multifamily sales…

$600 Million In Construction Financing Secured For South Flagler House In West Palm Beach

Related Ross has secured $600 million in construction financing for South Flagler House, a 500,000-square-foot waterfront condominium development currently under construction in West Palm Beach. The project, located at 1355 South Flagler Drive, will be the developer’s first residential condominium in Florida and is expected to top out later this year…

Contractor who built Wellington’s luxury equestrian estates files for bankruptcy, still faces fraud allegations 

Pegasus Builders’ David Forkey allegedly forged receipts for millions of dollars, clients say A general contractor that specialized in building luxury Wellington equestrian estates filed for bankruptcy protection, as he faces fraud allegations from clients who say he doctored receipts and did not complete work. Records show both David Forkey and his business, Pegasus Builders…

Palm Beach County’s Rise as a National Innovation Hub

The influx of tech and innovation companies is positioning Boca Raton as an emerging center for high-growth industries. Image by Robert Sadler Clark, courtesy of BDPBC Palm Beach County has long been known for its sandy beaches, gated communities and appeal to retirees. Today, however, it’s quickly being recognized as a center for innovation on the national stage.

Don’t Discount The Older Warehouse

Many of today’s tenants consider older large warehouses—the 100,000-square-foot and above projects built in 2000 and prior—obsolete. Additionally, those tenants’ flight to quality following the pandemic has left these facilities vacant. But a CBRE report said that the older bulk warehouses might have a second chance with the right retrofits and renovations.

Top industrial real estate trends

For years, the rise of e-commerce and demand for last-mile delivery meant industrial properties largely outweighed supply, making them a go-to addition to many investors’ portfolios. As supply and demand begin to even out, industrial may not be commercial real estate’s darling, but the asset class is still highly sought after and continues to perform well.

Video: Foodservice Results CEO Darren Tristano Discusses Restaurants & Real Estate

In a recent episode of America’s Commercial Real Estate Show, the show host engaged in an in-depth discussion with Darren Tristano, CEO of Foodservice Results, about the state of the restaurant industry in the context of commercial real estate. The conversation touched on multiple topics, including the performance of restaurants, different types of restaurants…

How multifamily investors can prepare for a recession

J.P. Morgan Research clocks the probability of a recession occurring in 2025 at below 40%, down from 60% in April. We asked Al Brooks, Vice Chair of Commercial Banking at J.P. Morgan; Tom LaSalvia, Head of Commercial Real Estate Economics for Moody’s; and Ginger Chambless, Head of Research for Commercial Banking at J.P. Morgan, to weigh in on the potential impact…

Estate planning strategies for multifamily property owners

Aside from holding a special place in your family’s legacy, apartment buildings and other commercial real estate can be a uniquely beneficial asset for gift and estate tax purposes. “There may be a chance to pass down properties to children at discounted values that take into account shared decision-making inherent in fractionalized ownership. Targeted giving during times of depressed asset…

Barrons: The Apartment Glut Is Ending and Demand Is Rising. Rents Are Headed Up, Too.

The high cost of buying a home makes renting look good in comparison. As demand intensifies, rent hikes are on the horizon. With house prices still high, mortgage rates stuck just under 7%, and plenty of economic uncertainty, consumers are once again seeing the virtues of renting. Over a third of respondents, 35%, told Fannie Mae in April that they would rent instead of buy…

Multifamily Occupancy Slumps in Major South Region Markets

While apartment demand across the South region has been stout, hefty delivery volumes have continued to weigh down occupancy across the region. Occupancy in the South tightened 170 basis points (bps) to 94.8% in the year-ending May. Still, that rate fell 80 bps below the U.S. norm (95.7%) and ranked the South as the only region with occupancy trailing the U.S.

Florida Engineers Shy Away From Condo Work Amid Litigation, Liability Fears

Boards governing hundreds of thousands of aging buildings have to pay for structural evaluations to comply with the 2022 condo safety law passed in the wake of the Surfside condo tower collapse that killed 98 people. Faced with the possibility of costly repairs, boards are pushing for the cheapest possible inspection, but many engineers — who would be liable in the event of a failure…

The Fed on imports and trade policy uncertainty

Uncertainty surrounding trade policy can significantly affect International trade flows. Our first FRED graph, above, displays an index of trade policy uncertainty and the percent change in imports. The spike in uncertainty starting in late 2024 coincides with the spike in imports, suggesting that US importers preemptively accelerated their purchases as a precaution…

Continental Realty Corporation has bought CityPlace Doral for $88M

The three-story CityPlace Doral features more than 30 retailers and restaurants. Image courtesy of JLL Continental Realty Corp. has bought CityPlace Doral, a 235,000-square-foot grocery-anchored lifestyle and entertainment center in Doral, Fla., for $87.5 million. PGIM Real Estate previously owned the asset, according to CommercialEdge information.

Continental Realty enters South Florida with $88M CityPlace Doral buy

Baltimore-based firm purchased mixed-use project’s retail center anchored by Fresh Market Continental Realty Corporation is diving into South Florida’s retail market for the first time, acquiring the Fresh Market-anchored shopping center at CityPlace Doral in Miami-Dade County for $87.5 million. Baltimore-based Continental Realty, led by CEO JM……

Lissette Calderon’s Neology sells Miami River site to Miami-Dade for $54M

Miami-based firm previously planned 1,360-unit multifamily project Lissette Calderon’s Neology Life nixed a 1,360-unit multifamily project after selling a development site near the Miami River for $54 million. An affiliate of Miami-based Neology sold the 7.3-acre site at 2301 Northwest 33rd Avenue to Miami-Dade County, records show. Calderon’s firm had……

Berkadia Secures $50M Refinancing for Industrial Portfolio in Medley

Berkadia has secured a $50 million loan for the refinancing of the Galaxy Industrial Portfolio, a collection of 20 warehouse buildings in the Miami suburb of Medley spanning 689,940 square feet. Ocean Bank provided the five-year, fixed-rate loan with two five-year extension options and a 12-month interest-only period. Charles Foschini, Christopher Apone, Lourdes Carranza-Alvarez…

Revealed: Melo Files Plans To Build ‘Striking’ Rental Towers In Edgewater

An affiliate of developer Melo Group has submitted plans to build two new 46-story towers in Edgewater. The development is planned on the former Chinatown property, which Melo acquired for $28 million in 2019. It will be known as Biscayne 18. In a letter to Miami’s Urban Development Review Board, architect G3AEC said the two towers would be “striking,” and will contribute…

Revealed: 49-Story Aria Reserve Skyclub Planned In Edgewater

An affiliate of developer Melo Group has submitted plans to build a 49-story tower in Edgewater known as Aria Reserve Skyclub. The project is alternately referred to as Aria Reserve Tower 3 in plans filed with the city. It is adjacent to the existing Aria Reserve development site, where two 650-foot towers are under construction. The new phase is planned to include: 430 residential…

Revealed: Arquitectonica-Designed Tower Proposed Near Midtown

Plans have been filed for a new 37-story Live Local project near Midtown Miami. The project is planned to include: 364 residential units Rooftop pool deck on level 37 212 on-site parking spaces on levels 2 through 8 Plans show a leasing office in the lobby of the new building. Arquitectonia is the architect. 36th Street Owner, LLC is the applicant. A UDRB hearing is scheduled for June 18.

Feds To Expedite Sale Of Brickell Plaza Property

The Trump Administration has announced it will expedite the sale process of the Brickell Plaza property, according to the SFBJ. The Brickell property is one of eleven on a list of properties to be sold nationwide. One step of the sale process, which involves checking with local governments and nonprofits to see if they need the property will be skipped, the report said.

“Market is resetting”: South Florida’s office values decline after reaching record levels

Data shows a noticeable drop in Miami-Dade and Broward since 2022, but they haven’t dipped to 2018 and 2019 levels and are still outperforming the national average From late 2020 through 2022, the tri-county region became a magnet for out-of-state companies, prompting a leasing flurry, record rents and voracious investment sales appetite.

Simon expands at Dadeland Mall, pays $16M for JCPenney ground lease

Indianapolis-based firm acquired 190K sf big box store on 12 acres Simon Property Group is JCPenney’s new landlord at Dadeland Mall in Kendall, acquiring the ground lease for the big box store for $15.6 million. An affiliate of Indianapolis-based Simon, led by David Simon, bought the leasehold interest in the 190,962-square-foot department store at…

Trilogy completes Edgewater assemblage with $42M purchase of Crescent Heights’ HQ

Developer plans 834-unit high-rise project with apartments, condos Crescent Heights sold its headquarters in Miami’s Edgewater to Trilogy Real Estate Group for $41.9 million, The Real Deal has learned. Chicago-based Trilogy, led by Neil Gehani and Ian Kok, plans a mixed-use project with condos and apartments on the 2-acre property at 2200 Biscayne…

Inside the battle over the Robins family dynasty

Stacy Robins has been fighting her siblings over their late father’s estate His death in the fall of 2022 triggered a family fight over his kids’ inheritance and the value of their father’s estate. In The Real Deal’s latest issue, Francisco Alvarado dives into the bitter fight playing out in court. Brothers Scott and Craig are both developers, while…

Edgardo Defortuna’s Fortune drops $38M for Gables Waterway dev site 

Miami-based firm is planning branded condominium with 251 units Edgardo Defortuna’s Fortune International Group paid $37.5 million for a Coral Gables redevelopment site where the firm is planning a $150 million branded condominium with 251 units. An affiliate of Miami-based Fortune acquired Gables Waterway, a 4.8-acre multifamily and office complex at…

Affordable housing: Miami-Dade breaks ground on two developments

Hoping to ease the affordable housing crisis, Miami-Dade County elected officials broke ground on two developments. The Rainbow Village/Rhapsody Apartments is a 310-unit development at 2000 NW 3rd Ave in Miami. It will feature 163 one-bedroom units, 85 two-bedroom units, 28 three-bedroom units, and four four-bedroom units.

Homeowner fires legal torpedo at Barrington Brothers’ latest El Portal project 

Jerilyn Kobrick wants to overturn village council’s approval of planned eight-story development with 152 apartments An El Portal homeowner is seeking to overturn the controversial approval of Barrington Brothers’ next multifamily project in the village. Jerilyn Kobrick sued El Portal and an affiliate of Miami-based Barrington, led by Arthur and Ken…

In $90M deal, Blackstone unloads another South Florida industrial property 

Buyer East Capital expanded its portfolio with three-warehouse purchase Blackstone’s South Florida industrial sell-off is chugging along with the $90.2 million sale of three Miami-Dade warehouses. Including its latest divestiture, the New York-based investment giant and its subsidiary, Link Logistics, have unloaded 34 industrial properties in…

Redwood Dev Co scores $126M refi for 350-unit multifamily portfolio in north Miami-Dade

Properties include rental townhouses and apartment building, records show Redwood Dev Co scored a $126.3 million refinancing for a 350-unit multifamily portfolio in north Miami-Dade County. The deal comes as lending continues to flow in South Florida, despite elevated interest rates, skyrocketing insurance and the threat of higher construction costs…

41-Story Tower Proposed at Former Mexican Consulate Site in Brickell

A pre-application has been filed with Miami-Dade County planners for a 41-story mixed-use tower in Brickell, set to rise on the former site of the Mexican Consulate. The proposal, submitted by CF TSG Brickell, LLC, includes 544 residential units, with approximately 12.5 percent designated for workforce housing, along with 9,445 square feet of ground-floor commercial space…

With rail 12 years away, North Miami-Dade seeks transit fill-in

The Citizens’ Independent Transportation Trust is searching for ways to provide more transit to the areas of North Miami-Dade that have been waiting decades for a promised Metrorail line that is still at least a dozen years from opening. The trust, which administers tax funds that would help build the North Corridor rail line, scheduled the hunt for alternate transit…

Massive Downtown Miami Signature Bridge rises toward 2027 opening

Like giant arching spider legs, the unique supports of the new Signature Bridge supporting an updated I-395 highway continue to rise in the heart of downtown Miami, with completion planned late in 2027. Steady work continues on all three corridors of the massive I-395/SR 836/I-95 Design-Build Project in Miami, the Florida Department of Transportation (FDOT) says.

Wynwood Design Review Committee Recommends Approval for LIVWRK Wynwood, a Three-Tower Development with Workforce Housing

Miami’s Wynwood Design Review Committee has voted 4-1 to recommend approval of LIVWRK Wynwood, a major mixed-use development proposed by Brooklyn-based LIVWRK under Florida’s Live Local Act. The project, designed by MKDA with LIVWRK’s Brian Vargo listed as design architect, would introduce the neighborhood’s first high-rise buildings and one…

3 Live Local Towers With Nearly 1,400 Units Approved By Wynwood Board

Miami’s Wynwood Design Review Committee reviewed a proposal for three new towers at its June 3 meeting, and voted 4-1 to recommend approval. LIVWRK, a company based in Brooklyn, New York, is the developer planning the towers. The board also added a condition to its recommendation: more local art should be incorporated at the street level to further enhance…

Mondrian Hallandale Beach Residences Announced as First Standalone Mondrian-Branded Condominium

PPG Development and BH3 Management, in collaboration with Ennismore, have announced Mondrian Hallandale Beach Residences, a branded condominium located at 101 Diplomat Parkway in Hallandale Beach. The project marks the first standalone Mondrian-branded residential offering and repurposes an existing 26-story tower completed in 2022….

Photos: 58-Story Miami Tower ‘Downtown 6’ Rising

Photos show the 58-story Downtown 6 tower continuing to rise. Downtown 6 is planned to have 824 apartments, 2,247 square feet of retail, and 639 parking spaces upon completion. The photos also show that glass installation is underway at the 70-story Okan Tower, which is being built next door to Downtown 6.

Goldman Sachs Construction Financing Secured For 310-Unit ‘The Perrin’ Brickell Tower

A construction loan has been secured for a new residential tower planned in Brickell called The Perrin. The $111m in construction financing was secured from lender Goldman Sachs. The Perrin is planned as a 310-unit Class A Multifamily tower. It will rise 26 stories, blocks away from Brickell City Centre. “We ran a highly competitive process that drew strong interest…

Whole Foods Market Midtown Miami Opening June 26

Whole Foods has revealed new details of its new store in Midtown Miami, including an opening date. The new store will open on June 26 at 9:00 a.m. It will be a large store – at 53,400 square feet. Plans previously filed with the city also showed there will be three levels of parking. The store will have a coffee bar, prepared foods department, bakery, meat counter, and seafood counter…

Controversial Qatar 747 Might End Up Next To Miami Worldcenter, Permanently

Donald Trump’s son visited downtown Miami earlier this year to scout a site for a presidential library, according to the Herald. The Trumps are reportedly considering the parking lots next to the Freedom Tower as a location for the library (Miami Worldcenter is across the street from the Freedom Tower). The land is owned by Miami-Dade College. Four proposals…

Bridge Industrial Receives $77.6M in Financing for Industrial Park in Miami

Bridge Industrial has received $77.6 million in permanent financing for Bridge Point AVE, a nearly 600,000-square-foot industrial park located within the master-planned development of AVE Aviation and Commerce Center in Miami. Steve Roth and Bill Jurjovec of CBRE’s Debt & Structured Finance group arranged the loan. According to public records, State Farm Life Insurance…

New Owner Files Pre-Application for ‘Shoma One’ Project at 3650 Bird Rd in Miami

In 2021, Coral Gables-based Shoma Group filed plans for a project known as “Shoma One,” a two-tower venture with a 17-story and an 18-story building. Then, in 2023, the developer revised its plans, instead intending to move forward with two 40-story towers which would feature more than 700 apartments. Now, following the sale of the 2.4-acre site in question…

Pre-Application Filed For 544 New Residential Units In The Heart Of Brickell

A pre-application has been submitted to Miami-Dade planners for a new tower in Brickell. The development is planned on the former Mexican Consulate property (the consulate moved to Coral Gables in 2023). According to the new pre-application filing, a 43-story, 434-foot tower is planned with: 544 residential units (of which 12.5% will be workforce) 9.445 square feet…

‘Incredible Project That Adorns The Miami Skyline’ To Begin Soon On Former Genting Land

A luxury mixed-use tower is planned to begin construction soon near the Signature Bridge, according to the new owner of a development site. An entity owned and controlled by SF QOZ Fund I, LLC, led by David Cohen and Liam Krahe, said it would begin construction in early 2026. Genting sold the Opportunity Zone property in an off-market transaction that closed on May 30.

Flo Rida Sparks Power Move with First Black-Owned Mall in Miami Gardens

The major real estate event was joined by Councilman Reggie Leon, where Flo Rida revealed his ambitious plans to revitalize the Cloverleaf Shopping Plaza, which he purchased in 2023 for $10 million through his company Strong Arm Management. Located at 230 NW 183rd Street, the 27,813 square foot plaza sits just blocks away from where the Grammy-nominated artist…

Melo Buys Prime One Brickell City Centre Site From Swire

One of Miami’s biggest developers has acquired one of the most prime development sites in Brickell. Melo Group said in a statement that it had acquired the property at 700 Brickell Avenue from Swire Properties. The acquisition is valued at $211.5 million with the potential to increase to $221.5 million. “We are pleased to have secured such a significant property and look forward…

NoMi Square Breaks Ground at 13855 NW 17th Avenue in North Miami

NoMi Square, a 342-unit mixed-use multifamily and workforce housing development, has broken ground at 13855 NW 17th Avenue in North Miami. The seven-story project is being developed by Integra Investments through a public-private partnership with the North Miami Community Redevelopment Agency (NMCRA), and is backed by a $65 million construction loan…

Sale of 371,976 SF Airport Trade Center Industrial Portfolio Near Miami Airport Arranged

JLL Capital Markets has arranged the sale of Airport Trade Center, a 371,976-square-foot light-industrial portfolio in Miami. Situated adjacent to the Miami International Airport, the site features three cross-dock buildings that sit on 13.8 acres. Luis Castillo, Cody Brais and Taylor Osborne of JLL’s Investment Sales and Advisory team represented the undisclosed seller…

Developer Revises Plans for Mixed-Use Project at 7350 Coral Way in Miami

Miami Development Fund LLC has revised its plans for a multi-family project in Miami-Dade County. Initial plans in 2022 called for a 12-story, mixed-use tower with 320 residences, along with office and retail space. Now, with the passage of the Live Local Act, the developer hopes to benefit from incentives that would allow for increased housing density and more office space.

Joule House Completes Construction, Begins Move-Ins in Wynwood

Construction has reached completion on Joule House, a new mixed-use multifamily development located at 2200 NW 1st Avenue in Miami’s Wynwood neighborhood. The eight-story structure has received its Temporary Certificate of Occupancy (TCO) and has begun welcoming residents into its 308 residential units. The project is developed by Fisher Brothers, with property management by Bozzuto…

Fisher Brothers Completes 308-Unit Mixed-Use Project in Miami

Fisher Brothers received its Temporary Certificate of Occupancy from the City of Miami and has begun move-ins for renters at Joule House, a 308-unit luxury mixed-use development in the Wynwood neighborhood. The 1.38-acre property also has 26,000 square feet of retail space. Bozzuto is handling leasing and property management for the asset at 2200 NW First Ave.

Lease roundup: West Elm opening in Wynwood, Sushi Sake in Weston

Also, baker and sommelier Paula Marsola added to her offerings at Pembroke Gardens West Elm will open at the Dorsey mixed-use building in Miami’s Wynwood. The furnishings brand leased more than 12,000 square feet at the 12-story building at 286 Northwest 29th Street, according to the landlords’ news release. The store is expected to open in the second…

Ari Pearl, BH3 plan Mondrian-branded condo conversion in Hallandale

Developers nabbed $225M refi for the property in March Dan Lebensohn and Ari Pearl with the Mondrian-branded condo conversion in Hallandale (Getty, BH3) Ari Pearl’s PPG Development and BH3 Management plan to convert a luxury apartment tower in Hallandale Beach to Mondrian-branded condos. The developers announced they plan to convert Slate, a 26-story…

New York Life buys Pembroke Pines Medical Plaza in Pembroke Pines for $38M 

New York Life Real Estate Investors bought a medical office complex in Pembroke Pines for $38.3 million. The real estate arm of insurance giant New York Life purchased Pembroke Pines Medical Plaza at 400, 500, 600 and 700 North Hiatus Road from an affiliate of Aventura-based Triarch Capital Group, according to records and real estate database Vizzda….

Construction on ‘Mayla Cypress’ to Start Soon at 6261 NW 6th Way in Fort Lauderdale

Florida YIMBY has an update regarding Mayla Cypress, a multi-family venture we first covered after its approval in 2021. Our sources report that following the security of a $92 million construction loan, developer Grover Corlew intends to break ground soon. Upon completion, the venture will offer 312 units and a host of upscale amenities, including…

Amancio Ortega’s Ponte Gadea buys 259-unit ‘Veneto Las Olas’ Fort Lauderdale apartment tower for $165M

Pérez’s family’s Related listed building for $230M in February Spanish billionaire Amancio Ortega’s Ponte Gadea bought a 259-unit apartment tower in downtown Fort Lauderdale for $165 million, marking one of South Florida’s biggest multifamily sales so far this year. The Pérez’s family’s Related Group sold the 44-story Veneto Las Olas at 201 South…

$160 Million in Construction Financing Secured for Waldorf Astoria Residences Pompano Beach

Construction financing has been secured for Waldorf Astoria Residences Pompano Beach, a forthcoming 28-story oceanfront condominium tower poised to rise along the Broward County coastline. The $160 million loan was issued by Bank OZK to support the project’s vertical construction. The development is being led by Related Group and Merrimac Ventures in collaboration…

Related, Merrimac score $160M loan for Waldorf Astoria Residences Pompano Beach

92-unit branded luxury condo project is over 70 percent presold, developers say The Pérez family’s Related Group and the Motwanis’ Merrimac Ventures secured a $160 million construction loan for their Waldorf Astoria Residences Pompano Beach condo development, The Real Deal has learned. Miami-based Related and Fort Lauderdale-based Merrimac received the…

Boca Raton moves forward with downtown mega mixed-use project on public land

Officials give tentative OK for Terra, Frisbie Group to build 2M sf development with residential, offices, retail, restaurant and civic spaces Terra’s David Martin, Frisbie Group’s Robert Frisbie, Sr. and Frisbie Group’s Cody Crowell with a rendering of the mega mixed-use project in Boca Raton (Getty, Terra, Frisbie Group) Boca Raton approved…

Glass House Boca Raton Breaks Ground in Downtown Boca Raton

Glass House Boca Raton, a nine-story residential development planned for 280 East Palmetto Park Road in downtown Boca Raton, has officially broken ground. The milestone was celebrated on April 3, 2025, marking the beginning of construction on what is set to become the first modern glass building in the heart of the city. The development is being spearheaded…

Steve Ross lands $600M financing for South Flagler House condos in West Palm Beach

Bank OZK providing $475M of the total for West Palm Beach’s most expensive units in development GoldenTree’s Steven Tananbaum, Bank OZK’s George Gleason and Steve Ross along with a rendering of the South Flagler House condo project in West Palm Beach (Getty, Bank OZK/Karen E. Segrave, Related Ross) Billionaire Related Ross Chairman and CEO Steve Ross…

Top industrial real estate trends nationally

For years, the rise of e-commerce and demand for last-mile delivery meant industrial properties largely outweighed supply, making them a go-to addition to many investors’ portfolios. As supply and demand begin to even out, industrial may not be commercial real estate’s darling, but the asset class is still highly sought after and continues to perform well.

Video: Hoya Capital CIO David Auerbach on REITs, Commercial Real Estate Outlook

A Comprehensive Discussion on REITs and Market Opportunities The host of America’s Commercial Real Estate Show recently discussed the current state of the commercial real estate market in a comprehensive dialogue with David Auerbach, Chief Investment Officer at Hoya Capital. The conversation revolved around the impact of tariff unrest, the performance…

Multifamily Operating Expenses Moderate Significantly, But Still Well Above Pre-Pandemic

Multifamily operating expenses moderated significantly in the last year, but cost per unit remains about two-fifth above the pre-pandemic rate nationwide. The COVID pandemic set the stage for a high-demand and low-supply environment as the world saw significant disruption to manufacturing, logistics, and distribution. In the years following 2020, inflation surged across all…

Early Warnings of CRE Price Problems Nationally

The news cycle moves faster than data on performance in commercial real estate (CRE), with few current data points indicating trouble in the sector from tariff turmoil. U.S. deal volume was unchanged from last year in April and transaction cap rates saw little movement as well. The absence of evidence is not evidence of an absence of trouble, however.

Video: VettaFi Senior Research Analyst Zeno Mercer on how AI is going to ‘transform the entire life cycle of real estate’

The real estate industry is in the throes of a transformative evolution, driven by emerging technologies like artificial intelligence (AI) and robotics, according to VettaFi’s Senior Research Analyst Zeno Mercer. His insights, shared in a recent interview with Josh Lipton on Yahoo Finance’s Asking for a Trend, reveal the potential of these technologies to revolutionize every stage…

The Fed: Beige Book Reports Slight Economic Growth Alongside Uncertainty

The Federal Reserve Bank of Atlanta’s new Beige Book shows the Southeast’s economy grew slightly from mid-April through May, although signs of economic uncertainty are evident across several sectors. In the bellwether housing sector, for example, home sales grew slightly, attributed to stabilizing mortgage rates. However, demand for new homes remained below seasonal norms.

Video: Harbor Group International President Richard Litton discusses lending environment for commercial real estate

In a recent episode of a Yahoo Finance’s Catalyst, the host interviewed Richard Litton, who is the president of Harbor Group Private Capital. The topic of discussion revolved around the current state of the real estate industry, the role of private capital and credit, and the implications of potential rate cuts by the Federal Reserve. At the heart of the discussion was the ongoing…

Import cargo levels expected to surge during pause in tariff increases

Import cargo at the nation’s major container ports is expected to see a surge through this summer as retailers take advantage of a 90-day reduction in tariffs that were recently imposed on China, according to the Global Port Tracker report released June 9 by the National Retail Federation and Hackett Associates. “This is the busiest time of the year for retailers as they enter…

Swire sells Miami site planned for office supertall to Melo for over $200M

Swire Properties sold the site of its once-planned office supertall in Miami’s Brickell to the Melo Group for more than $200 million in an all-cash deal, The Real Deal has learned. : The real estate arm of Hong Kong developer Swire sold the property at 700-799 Brickell Avenue, just months after canceling plans for the 1,000-foot-tall One Brickell City Centre high-rise, according to sources.

Kushner scores $115M construction loan for Surfside project

Kushner Companies nabbed a $115 million construction loan for a luxury apartment development it is building in Surfside, The Real Deal has learned. New York-based Kushner, led by CEO Laurent Morali and President Nicole Kushner Meyer, secured the financing from Arbor Realty Trust’s Arbor Realty SR, according to a source. The developer broke ground on the planned three-story…

Newmark Arranges $77.2M Refinancing for Aventura Office Property Onyx Tower

Newmark has arranged a $77.2 million loan for the refinancing of Onyx Tower, a 28-story office tower in Aventura, a northern suburb of Miami. The borrower, an entity doing business as Onyx Tower LLC, delivered the tower in 2023. The building is one of two towers on the site. Jordan Roeschlaub, Jonathan Firestone, Nick Scribani and Chris Lozinak of Newmark secured…

Onyx Tower in Hallandale Beach trades for $52M, buyer scores $77M loan

28-story office tower in Hallandale Beach traded for $52.2 million, and the buyer landed a $77.2 million loan. Aventura-based Inmobiliaria Brom, through its affiliate Optima International North, sold the 285,400-square-foot Onyx Tower at 1010 South Federal Highway to an entity that also ties to Inmobiliaria Brom, according to records. The buyer scored the financing from Barings…

Bridge Industrial scores $78M refi for warehouse complex near Miami-Opa locka Executive Airport

Bridge Industrial scored a $77.6 million refinancing for its warehouse complex near the Miami-Opa locka Executive Airport. State Farm Life Insurance Company provided the loan for the three-building industrial development that’s on the northeast corner of Northwest 57th Avenue/Red Road and Northwest 135th Street, according to records. The complex, called Bridge Point AVE…

Genting sells piece of downtown Miami assemblage to Opportunity Zone fund partnership

Malaysian casino conglomerate Genting Group sold a piece of its downtown Miami land holdings. An affiliate of Kuala Lumpur-based Genting sold the 0.8-acre, six-parcel assemblage at 1515 and 1525 Northeast Miami Place, 75 Northeast 15th Street, and 1502, 1512 and 1516 Northeast First Avenue in Miami to a partnership led by an Opportunity Zone fund, according to a press release.

Foundation Pour Completed for JEM Private Residences at Miami Worldcenter

The foundation pour has been completed for JEM Private Residences, a 67-story residential tower under construction at 1016 Northeast 2nd Avenue in Downtown Miami. Overseen by Coastal Construction, the operation began at 9:00 p.m. on May 30 and spanned approximately 18 continuous hours, requiring 8,400 cubic yards of concrete delivered via 840 truckloads.

Indefinitely deferred: Massive Little Haiti project Sabal Palm Village at Flagler Trail remains mysteriously pending for four years

Four years ago, Justin Podolsky’s proposed massive mixed-use project in Miami’s Little Haiti overcame a major hurdle. The 5.9 million-square-foot development made it past a city review board in 2021, after delaying voting on it since 2018. The stall was partly due to an outcry from board members and the community over traffic, gentrification and displacement of low-income…

Panattoni offloads former Miami Herald HQ at a loss for $26M

Panattoni Development is abandoning plans to redevelop the Miami Herald’s former home in Doral, selling the 9-acre site at a loss for $25.9 million. A trust affiliated with Los Angeles-based Ares Management, led by Michael Arougheti, bought the property at 3511 Northwest 91st Avenue for $4 million less than the seller paid less than a year ago, records show. Atlanta-based Panattoni…

Brickell condo sales slump as South Americans hold back

During the current presidential administration, the condominium real estate market in Brickell is not seeing much action, according to local real estate experts. Brickell’s biggest condo-buying clientele are mostly South Americans, who are holding back due to ever-changing regulations coming from the presidential administration, said Oliver Ruiz, a Brickell-based…

South Florida by the numbers: Condo buyout buzz

In the wake of the tragic Champlain Towers collapse, Florida legislators overhauled the state’s condo laws to mandate much stricter financial and structural oversight. Many industry observers and experts predicted that these changes would produce a wave of condo terminations or “buyouts,” with ambitious and deep-pocketed developers snapping up outdated units…

Keystone plans 212-unit office-to-resi conversion near Dadeland Mall

Keystone Development + Investment is planning to create 212 apartments in Kendall through office-to-residential conversions, a rare adaptation in South Florida. Across the Northeast, developers have jumped on retrofitting office buildings into apartments, partly due to the growth of hybrid work. It’s especially common in New York, where projects are aided by tax breaks.

Aconcagua proposes 239-unit multifamily project in Naranja

Aconcagua proposes a 239-unit multifamily project in Naranja, amid continuing development in south Miami-Dade County. The Brickell-based firm wants to build a seven-story building with 4,500 square feet of retail and a two-story parking podium on the 3-acre vacant site on the northeast corner of South Dixie Highway and Southwest 264th Avenue/Bauer Drive in an unincorporated…

Miami Beach seeks to resurrect long-shuttered Roosevelt Theater

Miami Beach continues to explore options to facilitate the resurrection of the Roosevelt Theater. The long-shuttered theater at 770 Arthur Godfrey Road opened in December 1949 with “Battleground” featuring Van Johnson, John Hodiak, Ricardo Montalban and George Murphy. “It’s a beautiful property right off the water as you drive down 41st Street,” said Miami Beach Mayor Steven Meiner.

526 Residences move ahead at historic Salvation Army Citadel

A developer with a plan to reactivate the rehabilitation of Miami’s historically designated Salvation Army Citadel building and the redevelopment of the adjacent property is moving ahead. Owner-developer 49 NW 5th Street LLC is proposing the major rehabilitation of the historic site at 49 NW Fifth St. and 50 NW Sixth St. The company plans a complete restoration…

Miami, Broward may open Coastal Link commuter rail simultaneously

Miami-Dade and Broward are coordinating to simultaneously open both Northeast Corridor commuter rail from Miami to Aventura and its continuation up the coast into the heart of Broward County in a Coastal Link line, a new report revealed. At the same time, the counties expect within four months to pick an operating entity to run the rail line. That entity would then choose…

Nexo Residences Tops Off Nexo Residences Construction at 13899 Biscayne Boulevard in North Miami Beach

Construction has officially topped off at Nexo Residences, a 16-story short-term rental condominium development located at 13899 Biscayne Boulevard in North Miami Beach. Designed by Carlos Ott in collaboration with Frankel Benayoun Architects Inc. and developed by Fortune International Group and Blue Road, the project is steadily progressing toward its anticipated 2026 completion.

Raimundo Onetto’s Alta scores $94M construction loan for 174-unit Coral Gables ‘Cassia’ condo project

Raimundo Onetto’s Alta Developers scored a $94.2 million construction loan for a 174-unit condo project in Coral Gables. The loan underscores how financing continues to flow in South Florida, despite elevated interest rates, skyrocketing insurance and other economic headwinds. Miami-based Alta started construction of the 12-story Cassia – The Residences at Coral Gables…

Raoul Thomas’ CGI Merchant sells distressed Coral Gables commercial condos for $29M, staving off foreclosure

Raoul Thomas’ troubled CGI Merchant Group sold 65 distressed commercial units in a Coral Gables mixed-use building for $28.5 million, staving off a pending foreclosure, The Real Deal has learned. Miami Beach-based Elysee Investments, led by CEO Haim Yehezkel, bought the units, consisting of retail and office spaces on the first three floors of Ten Aragon…

Integral seeks county lease to develop $159M Coconut Grove multifamily project

Integral Group is close to securing a 99-year ground lease to build a $159 million multifamily project in Coconut Grove. The Miami-Dade County Commission is set to vote Tuesday on an agreement with an Integral Group affiliate to redevelop a 24-unit Section 8 housing community at 3666 Day Avenue in Miami. Integral, led by Chairman Egbert L.J. Perry…

SSA launches sales for short-term rental-friendly Coconut Grove condos

Venezuelan developer SSA Group is launching sales for a planned short-term rental-friendly condo project in Coconut Grove. The firm, led by founder Maximo Sacchini, is planning the three-story, 16-unit Roble One at 3069 Plaza Street in Miami, according to a press release. Sacchini tapped Compass’ Opes Group, led by Joanna Jimenez, Michelle Cardenas and Daisy Bilba, to helm sales…

Link Logistics Sells Miami Industrial Portfolio

The light industrial portfolio is minutes from the Miami International Airport. Photo courtesy of JLL. East Capital Partners has acquired Airport Trade Center, a three-building light industrial property in Miami. Link Logistics was the property’s seller, according to CommercialEdge. JLL Capital Markets represented the seller in the transaction and secured the acquisition financing.

East Capital Partners Acquires Airport Trade Center in Miami

JLL Capital Markets announced today that it completed the sale of Airport Trade Center – a 371,976-square-foot light industrial portfolio in Miami, Florida. JLL represented the seller to complete the sale to East Capital Partners. Working on behalf of the new owner, JLL also secured acquisition financing. The portfolio is situated on a 13.8-acre site and consists of three, highly functional…

Three 45-Story Towers Proposed With 1,363 Units in Miami’s Wynwood Arts District

Brooklyn-based LivWrk is advancing a major mixed-use residential development in the Wynwood Arts District. Designed by MKDA, the project—referred to as LIVWRK Wynwood—calls for three 45-story towers rising 465 feet. The proposal is one of the largest filed under Florida’s Live Local Act and would introduce the neighborhood’s first true high-rise buildings.

LivWrk proposes 1,363-unit Live Local Act complex with three towers in Wynwood

LivWrk wants to build a 1,363-unit Live Local Act project in Wynwood, as developers continue to supersize their proposed projects under the state’s affordable and workforce housing law. The Brooklyn-based firm wants to develop three 45-story towers with 23,200 square feet of retail and 912 parking spaces on a five-lot assemblage on the northwest corner of North Miami Avenue…

Zach Vella-led partnership could lose Wynwood buildings to foreclosure

In July of last year, the Vella-led entity paid an affiliate of New York-based East End Capital $12.3 million for the properties at 325 Northwest 24th Street, 339 Northwest 24th Street, 282 Northwest 25th Street and 292 Northwest 25th Street in Miami, records show. Combined, the buildings have roughly 16,000 square feet of retail space. The buildings on 24th Street…

The West Leads in Micro-Housing, Miami Cracks Top 20, San Francisco And Seattle at The Forefront

Still, Miami, FL, managed to crack the top 20 large cities for micro-housing, as public opinion has been favoring building smaller units in the face of the city’s continued apartment shortage. Not only has this densely packed city made strides in the construction of tiny homes in the past few years, but it’s also slated to expand its inventory of micro-units this year.

Construction Starts on ‘Visions at Brickell Station’ at 1120 SW 3rd Avenue in Miami

Construction has commenced on Visions at Brickell Station, a multi-million-dollar venture that Florida YIMBY first covered in 2023. The eight-story project will comprise 110 condo/hotel units; the fully furnished condos will span 490 to 675 square feet. Floorplans include studios, junior suites, and suites. In-unit features include open-concept designs, kitchens, and dining spaces.

Challenges ahead after a record-breaking year for Miami-Dade tourism

Last year was another record year for tourism in Miami-Dade County. Over 28 million people visited the county in 2024. That represents one in five tourists to Florida who spent some of their trip in Miami-Dade. The Greater Miami Convention and Visitors Bureau announced its annual data Thursday. Tourists from other states increased 2%. The county hosted 4% more international…

Developer Proposes 18-Story Residential Tower for 190 NW 79th Avenue in Miami

Keystone Midway LLC, a branch of developer Keystone Holdings, has proposed a mixed-use venture that would replace a church in Miami-Dade County. Our sources report that the unnamed venture would rise 18 stories above grade, requiring close to 720,000 square feet of new construction. It would comprise 477 apartments, 40 percent of which would be designated as workforce…

Can South Florida’s commercial real estate market moderate without breaking?

South Florida has weathered a storm that has wreaked havoc in San Francisco, Chicago and New York. The value of some office buildings in those central business districts has plummeted in recent years as companies made hybrid work permanent, vacancies increased and higher interest rates made refinancing mortgages more expensive. But Miami, Fort Lauderdale and West Palm Beach…

Fortune International JV Tops Off North Miami Beach Tower Nexo Residences

A joint venture between Fortune International Group and Blue Road have topped off Nexo Residences in North Miami Beach, Fla., a 16-story 254-unit, short-term rental condominium. The property is expected for completion next year. Upon completion in Nexo Residences will offer a variety of studio to three-bedroom floor plans. Also offered will be an array of three…

Redwood Dev Co drops $80M on Lennar townhomes

David Burstyn and Brian Sidman’s Redwood Dev Co bought 223 newly built townhomes in two projects for $80 million. Miami Beach-based Redwood bought the 174-unit Mariner’s Cove and 49-unit Lime Grove townhome developments from Lennar, one of the nation’s largest homebuilders, according to a press release. Lennar, led by executive chairman and co-CEO Stuart Miller…

Miami-Dade’s taxable property values reach $512B, as growth slows

Taxable property values in Miami-Dade County keep growing, but momentum is easing — and condos are dragging down the market, according to the property appraiser’s latest estimates for 2025. The estimated taxable value for real estate countywide reached $511.8 billion, an increase of 8.5 percent, year-over-year. That includes an additional $40.2 billion in taxable…

Inside Russell Galbut’s plan to sell floating luxury condos

For centuries, real estate was tangible, actual, genuine land to inhabit and build on and buy and sell. Developers found ways to trade swampland, coastline and air rights and to market the ground separately from the building above. Bankers financialized real property into abstract products; start-ups sold shares in second homes. But the oceans remained everybody’s…

Robins family dynasty fractured by dispute over patriarch’s assets

The Robins name resonates through Miami Beach like an emergency siren when a hurricane makes landfall — clear, insistent, impossible to ignore. For decades, Gerald “Jerry” Robins, the patriarch, helped shape the city’s skyline; his business acumen matched only by the devotion he showed to his family. But when Jerry passed away on Oct. 2, 2022, after a 20-year battle with cancer…

Private credit takes center stage in South Florida real estate

Developer Asi Cymbal was looking for a real estate loan at a bad time. After finishing a 341-unit apartment complex in Miami Gardens in the spring of 2024, he needed to pay off its $102.5 million construction debt and bolster the project’s cash reserves. But with the impending presidential election, elevated interest rates and slow multifamily lease-ups in South Florida, uncertainty loomed.

Lease roundup: Sweat440, Warby Parker on tap at Nora District, law firm Littler moving Miami office

Miami Tower scored two new tenants. San Francisco-based labor and employment law firm Littler Mendelson will move to the 47-story tower at 100 Southeast Second Street in downtown Miami in the third quarter, according to the landlords’ news release and the law firm’s Porpoise Evans. Littler’s current Miami office is at the Wells Fargo Center at 333 Southeast Second Avenue…

Second Multifamily Building Tops Out at FAT Village in Downtown Fort Lauderdale

Construction has officially topped off on the second residential building at FAT Village, marking a key milestone in the ongoing transformation of the 5.6-acre mixed-use district in Downtown Fort Lauderdale’s Flagler Village. Developed by Hines and Urban Street Development, the topping off signals continued momentum on the $500 million redevelopment…

Grover Corlew scores $92M construction loan for 312-unit apartment project in Fort Lauderdale

Grover Corlew scored a $92 million construction loan for a 312-unit apartment project in Fort Lauderdale. The deal comes as lending continues to flow in South Florida, despite elevated interest rates, skyrocketing insurance and the threat of higher construction costs due to tariffs. Boca Raton-based Grover Corlew plans the seven-story building on a 3.7-acre site at 6261 Northwest…

Greystar picks up Coconut Creek industrial dev site for $31M

Greystar is jumping into Broward County’s industrial submarket after paying $30.5 million for a Coconut Creek development site. An affiliate of Charleston, South Carolina-based Greystar, led by CEO Bob Faith, acquired roughly 36 acres on the corner of Lyons Road and Atlantic Boulevard, records and real estate database Vizzda show. The buyer also obtained a $63.1 million…

Portman Holdings Proposes Eight-Story Mixed-use Project for 2400 E Atlantic Boulevard in Pompano Beach

Atlanta-based Portman Holdings intends to move forward with an eight-story housing project in Pompano Beach. The unnamed development would comprise 397 apartments, with the studio to three-bedroom homes spanning about 540 to 3,400 square feet. According to the South Florida Business Journal, the venture would feature more than 8,100 square feet of interior amenities…

Barry Sternlicht’s Starwood sells West Palm retail center for $133M

Barry Sternlicht’s Starwood Capital Group sold a Whole Foods-anchored shopping center in West Palm Beach for $133.2 million. An affiliate of Atlanta-based Invesco purchased The Marketplace at the Outlets at 1821 Palm Beach Lakes Boulevard in West Palm Beach, records and real estate database Vizzda show, The buyer, led by CEO Andrew Schlossberg, also assumed a $79 million…

Governor DeSantis signs bills targeting squatters in commercial properties, hotels

Floridians will have more tools to remove unwanted, nonpaying occupants from their properties. Last year, Gov. Ron DeSantis signed legislation aimed at speeding up the process of removing squatters from residential locations. On Monday, he signed a pair of bills expanding that focus to commercial properties and hotels. “Under current law, the remedies to remove…

Video: VettaFi Senior Research Analyst Zeno Mercer on how AI is going to ‘transform the entire life cycle of real estate’

The real estate industry is in the throes of a transformative evolution, driven by emerging technologies like artificial intelligence (AI) and robotics, according to VettaFi’s Senior Research Analyst Zeno Mercer. His insights, shared in a recent interview with Josh Lipton on Yahoo Finance’s Asking for a Trend, reveal the potential of these technologies to revolutionize every stage…

What initial jobless claims may say about the economy : Recent insights from the Research Division of The Fed

The FRED Blog has discussed initial claims for state unemployment insurance benefits (initial claims, for short) as an economic indicator. Today, we discuss whether initial claims above 400,000 signal weakening labor market conditions. Our FRED graph above shows weekly initial claims data reported by the US Employment and Training Administration from January 1967…

Report: Most Net-Lease Tenants Only Moderately Exposed To Tariffs

Sector-specific tariffs, along with the potential for higher country-specific duties that could come as early as July, are already impacting retailers’ operations and business decisions, according to Marcus & Millichap’s first-half 2025 single-tenant net-lease retail national report. Food-related retailers have experienced only mild impacts, while department and auto parts stores are…

Just How Slow is Commercial Real Estate Nationally?

One key metric we closely track for commercial real estate activity is loan growth. Real estate relies heavily on debt, so it’s logical to expect loan growth to align with an expanding economy. Surprisingly, the data reveals that loan growth in 2020—amid the pandemic turmoil—outpaced that of 2024. Honestly, I wouldn’t have expected it until I reviewed the numbers myself.

The U.S. Government Won’t Track Billion-Dollar Disasters. Expect Insurance Costs To Rise

With hurricane season just days away, property insurance providers will be without a critical piece of information this year that they use to inform their pricing decisions. Earlier this month, the National Oceanic and Atmospheric Administration announced it would stop tracking the cost of extreme weather. Commercial property insurers rely on federal weather data to assess risk…

Three tips to increase a property’s climate resiliency

Natural disasters and severe weather are increasingly destructive —and expensive. According to Gallagher Re’s Natural Catastrophe and Climate Report: 2024, disasters and weather cost the global economy $417 billion, $154 billion of which were insurance costs. “Whether you own or operate an apartment complex, mixed-use development or retail property…

May Multifamily Occupancy Holds Nationally as Rent Recovery Falters

U.S. apartment occupancy held firm in May after a steady climb throughout the early months of 2025. At the same time, rent change in market-rate apartment units, which had been trending up slightly after months of stagnation, backtracked from last month. Occupancy in the U.S. apartment market registered at 95.7% in May, in line with last month’s reading (95.7%) and…

Video: AFIRE CEO Gunnar Branson Discusses International Interest in U.S. Commercial Real Estate

One recent episode of America’s Commercial Real Estate Show focused on the findings of a bi-annual survey, the 2025 Q1 AFIRE Pulse Report, conducted by AFIRE (Association of International Real Estate Investors). The survey monitors the preferences and strategies employed by international institutional investors in the U.S. real estate market.

JP Morgan provides 3 tips for navigating commercial real estate syndications

Syndicated loans are an essential tool for financing large commercial real estate projects. Choosing the right lead arranger and administrative agent is critical to a deal’s success—particularly in light of recent volatility in the bank market. “You want to work with a lender that’s going to stay in the market, where you have a strong relationship with senior management…

Related Urban, 13th Floor, Merrimac gamble on $10B downtown Miami project bid

Only one of three all-star development teams is bidding on the opportunity to build a $10 billion mixed-use complex in partnership with Miami-Dade County, The Real Deal has learned. This month, a joint venture between Related Urban, 13th Floor Investments and Merrimac Ventures submitted its proposal to develop MetroCenter. It’s an ambitious reimagining of government-owned…

13th Floor, Barings Receive $125M Construction Loan for Phase II of Miami Transit-Oriented Multifamily Development

South Florida-based developer 13th Floor Investments, in partnership with Barings, has received a $125 million construction loan for the second phase of Link at Douglas, a transit-oriented multifamily development in Miami. A syndicate of Santander Bank and TD Bank provided the loan. Known as Cadence, the project marks the third multifamily building at Link at Douglas…

13th Floor, Barings nab $125M construction loan for Miami apartment project

13th Floor Investments and Barings secured $125 million in financing for a Miami multifamily project that’s under construction. A syndicate of Santander Bank and TD Bank provided the loan for Cadence, a planned 35-story tower with 432 mixed-income apartments at 3100 Douglas Road. It’s part of Link at Douglas, a 7-acre mixed-use project adjacent to the Douglas Road…

Developers Break Ground on Phase Two of Miami’s ‘Link at Douglas’ with $125 Million Construction Loan

Construction has begun on CADENCE, the third residential tower at Link at Douglas, a transit-oriented development located at the intersection of Coral Gables and Coconut Grove in Miami. Developed by 13th Floor Investments in partnership with Barings, the 35-story tower will deliver 432 market-rate apartments, with 12.5 percent of the units designated as workforce housing.

CIM Group, Partners Open $6B Miami Worldcenter Development

Los Angeles-based investment firm CIM Group and its development partners have officially opened Miami Worldcenter, a $6 billion mixed-use development in downtown Miami. CIM Group partnered on the project with Miami Worldcenter Associates, a development entity founded by Art Falcone and Nitin Motwani. The development spans 27 acres across 10 city blocks…

MiMo development, phase two of Adela at MiMo Bay, wins OK on second try

A developer planning to start the second phase of a residential development in Miami’s MiMo neighborhood, next door to Legion Park, is moving ahead after a second try before the city’s Urban Development Review Board. Plans for phase two of Adela at MiMo Bay, at 645 NE 64th St., stalled before the board in April. The board made a motion to recommend approval of the project…

First Miami International Airport terminal expansion since 2007 on runway

The first terminal expansion at Miami International Airport since 2007 got a green light last week from county commissioners, who voted unanimously without discussion for the $600.6 million construction contract with a joint venture to design and build an expansion of the South Terminal in just over four years. The deal with Lemartec-NV2A JV will extend the South Terminal eastward…

Miami International Airport to Get New Concourse in 2029

Miami International Airport (MIA) is getting a new concourse for the first time since 2007. The addition marks a $600 million investment in Miami’s travel infrastructure, reflecting the increased demand for flight in the area. It’s also a critical part of the larger, $9 billion Future-Ready Modernization in Action plan. This multi-faceted initiative refers to various projects that intend…

Mast Capital, BH ramp up buyout of Coconut Grove condominium

Mast Capital and BH Group are teaming up to take over an older condominium building in Coconut Grove. An affiliate of Coconut Grove-based Mast, led by Camilo Miguel Jr., is under contract to purchase roughly a dozen units at Bayshore Park, a three-story condominium at 2545 South Bayshore Drive, sources familiar with the deals confirmed to The Real Deal.

Vertical Construction Set to Commence Soon on Oasis Hallandale East Tower

Vertical construction is scheduled to begin imminently on the East Tower of Oasis Hallandale, a 10-acre mixed-use development located in the heart of Hallandale Beach. The milestone comes as the project moves into its final phases, with the West Tower fully topped out and on track for completion by the end of 2025. The East Tower is anticipated to deliver in 2027….

‘The Arbors at Leisure’ Proposed for 28400 S Dixie Highway in Homestead

Homestead-based I & A Holding Group LLC has proposed a two-phase housing development that would replace a warehouse in Miami-Dade County. The Arbors at Leisure would feature two eight-story buildings, offering a total of 229 units. Of those homes, 25 percent (57) would be designated as workforce housing, which is defined as affordable housing for households…

$300 Million Refinancing Package Secured For Renovation Of The Ritz-Carlton Key Biscayne

A partnership led by Gencom, a global hospitality and real estate investment firm, has closed on a $300 million debt facility to refinance existing obligations and fund a comprehensive renovation at The Ritz-Carlton Key Biscayne, Miami. The financing was arranged by a consortium led by Blackstone Real Estate Debt Strategies. Located at 455 Grand Bay Drive, the 13-story…

Simi Capital pumps up South Florida industrial portfolio with $31M Medley acquisition

Simi Capital added a fifth property to its South Florida industrial portfolio, paying $31 million for a Medley warehouse. Based in New York and Bay Harbor Islands, Simi acquired an 80,000-square-foot facility at 8505 Northwest 74th Street, a press release states. The buyer is led by Andrew Skydell and Jacob Diamond. The deal breaks down to $387 a square foot or $2.9 million per acre…

$111 Million Construction Loan Secured For 26-Story Multifamily Tower ‘THE PERRIN’ At 244 SW 9th Street In Brickell

The Empira Group has secured $111.25 million in construction financing for THE PERRIN, a 310-unit Class A multifamily development planned for 244 Southwest 9th Street in Miami’s Brickell neighborhood. The loan was provided by Goldman Sachs, with the financing arranged by Daniel Matz, Senior Managing Director at Newmark….

Empira scores $111M construction loan for 310-unit apartment tower in Brickell

Empira Group scored a $111.3 million construction loan for a 310-unit apartment tower in Miami’s Brickell, The Real Deal has learned. The financing comes as construction loans and refinancings continue to flow in South Florida, despite higher interest rates and other economic headwinds. Empira, a Swiss firm that entered the Miami market three years ago…

Developer Proposes Eight-Story Apartment for Miami’s Goulds Neighborhood

K2 Capital Group hopes to get approval for a housing development in Miami-Dade’s Goulds neighborhood. Plans call for an eight-story building featuring 206 apartments. The venture, designed by Bellon Architecture, includes a two-story, 243-spot parking deck and a swimming pool, among other communal amenities. Mariano Karner and Esteban Koffsmon.

K2 Capital proposes 206-unit apartment project in Goulds

Developers Mariano Karner and Esteban Koffsmon propose a 206-unit apartment project in Goulds, amid a continuing development flurry in south Miami-Dade County. Karner and Koffsmon, through their K2 Capital Group, want to build an eight-story building with a two-level parking deck with 243 spaces at 21220 and 21350 Southwest 115th Road and 21143 and 21281 Southwest 117th Ave…

Beacon Hill plans 112-unit Live Local Act project in Princeton

Beacon Hill Property Group will start construction of a 112-unit Live Local Act complex in Princeton, marking one of the first Miami-Dade County projects under the state’s workforce housing law to advance. The Coral Gables-based firm plans the project to be entirely workforce housing, to include two three-story buildings and 145 surface parking spaces on the 2.7-acre site…

Amara Wynwood Receives TCO, Welcomes Residents To New Multifamily Development At 45 NE 27th Street In Miami

A Temporary Certificate of Occupancy (TCO) has been issued for Amara Wynwood, an eight-story mixed-use development located at 45 NE 27th Street in Miami’s Wynwood neighborhood. The project, a joint venture between PGIM Real Estate and Fifield Companies, officially received its TCO on May 9, 2025, and has begun welcoming residents.

Construction Starts on ‘Metro Station 1’ at 2691 E 11th Avenue in Hialeah

Coral Gables-based MG Developer has started construction on a multi-family development in Hialeah. Metro Station 1 will comprise 55 “thoughtfully designed” units, with floorplans spanning from studio to two-bedroom residences. According to the South Florida Business Journal, the development will measure eight stories, occupying a 11,627-square-foot site.

WeWork Opens Downtown Miami Location, First New Location in City Since 2019

WeWork’s pet-friendly flex office at Southeast Financial Center features several communal work areas. WeWork has opened a 45,000-square-foot coworking space at Pontegadea’s 1.2 million-square-foot Southeast Financial Center in Miami. This is the company’s first new location in the city since 2019. Back then, WeWork committed to 89,300 square feet…

Miami board approves 328-unit Live Local Act tower Sense 22 in Edgewater

A developer scored approval for a 328-unit Live Local Act project in Miami’s Edgewater, amid a flurry of proposals under the state’s affordable and workforce housing law. Gonzalo Espinosa, through an affiliate, plans the 36-story Sense 22 apartment tower on a 0.7-acre assemblage at 114, 124, 128 and 138 Northeast 22nd Street, according to an application filed early this month.

Braman Motors Proposes Multi-Phase Mixed-Use Campus With Twin 60-Story Towers in Edgewater

Braman Motors is moving forward with plans to redevelop and expand its Edgewater campus under the Braman Miami Campus Special Area Plan (SAP), initially enacted in 2022. The project, designed by Arquitectonica and Wolfberg Alvarez, recently secured approval with conditions from the City of Miami’s Urban Development Review Board on April 23, and is scheduled…

Master Construction Permit Approved For 389-Unit Midtown Miami Building Midtown 7

Miami’s Building Department has approved a master construction permit for Midtown 7. The approval was issued on May 20. The permit was first applied for in July 2023. Coastal Construction is listed as the contractor on the permit. The building was submitted for UDRB review in September 2022, and a utilities deal was completed in October 2022.

5,700 Unit Little River Development To Be ‘First Fully Integrated Smart Home City In Florida’

The upcoming Little River District is set to become the first fully integrated smart home city in Florida, according to an announcement by a technology company. SKYX Platforms Corp said it would be supplying smart home tech for the development. Each unit will be equipped with the smart home technology, along with free internet, the announcement said.

Photo: Dirt Moving At Development With 803 Units Near Brickell City Centre

Work is getting underway on a massive development near Brickell City Centre. Two towers with a combined 803 units are being built on the property: One Twenty Brickell Residences, which will have 266 condos, and Sentral Brickell, which will have 537 multifamily residential units. The towers will rise 37 and 41 stories, and share a podium. Developer PMG recently secured…

Photos: Newly Completed 428-Unit Downtown Miami Apartment Tower ’Modera Riverside’

Photos show the new 36-story Modera Riverside in downtown Miami. According to a press release issued at the beginning of the month, the first move-ins were anticipated to take place in May. Modera Riverside includes 428 apartments and 4,266 square feet of ground-floor retail. There’s also around 505 parking spaces. The property boasts a Walk Score of 93, and a Transit Score of 100.

Developer Dante Fraiegari of Terra Solo Group proposes 57 townhouses in West Kendall

A developer proposes 57 townhouses in West Kendall, amid a flurry of applications for projects on sites in suburban Miami-Dade County. The West Kendall Townhomes project is proposed for the 4.6-acre site on the northeast corner of Southwest 88th Street and Southwest 167th Avenue in unincorporated Miami-Dade County, according to an application submitted…

‘Real pain’ in the South Florida condo market while home prices hold steady

Condo sales fell sharply across South Florida in April even as median prices held steady thanks to newer and more expensive units. The number of existing single family homes that sold last month also fell from the pace a year ago, according to monthly data from the Miami Association of Realtors. However, home prices increases have outpaced more volatility in condo prices.

Best of Miami: Committed residents fight to keep history alive

Miami-Dade is known for its postcard destinations and summer-like weather year around. However, hidden in plain sight are years of history and alongside are individuals fighting to keep the community’s intricate story alive. Daniel Ciraldo, former executive director of the Miami Design Preservation League, highlighted Carolina Isabela as among the best in preserving…

The U Turns 100; A Century of Higher Ed in Coral Gables

George Merrick’s idea for the City of Coral Gables started long before – perhaps even decades before – the city’s incorporation in 1925. In the years leading up to that seminal event, Merrick was constantly honing his concepts for the “City Beautiful” – a vision that always included a university that would educate and elevate the community. Merrick wanted a university…

Melissa Tapanes Llahues Installed as President of the Builders Association of South Florida

Melissa Tapanes Llahues has made her mark not only in the legal profession but also in the greater Miami community. A respected zoning and land use attorney and civic leader, she became a named partner at Bercow, Radell, Fernandez, Larkin & Tapanes, PLLC in 2020, where she represents major landowners, developers, institutional clients, and small business owners in securing…

Lease roundup: Lululemon and Shake Shack coming to Dania Pointe, Ocean Bank moves a Miami-Dade branch

Ocean Bank moved one of its Miami-Dade County offices. The bank leased 4,200 square feet at 7700 West Flagler Street at the Midway Crossings shopping center in unincorporated Miami-Dade, according to the tenant’s spokesperson. The bank moved about a mile east from its previous space at 8700 West Flagler Street, also in an unincorporated area of the county.

Related nabs $231M construction loan for Pininfarina condo project in Fort Lauderdale

Related Group secured a $230.8 million construction loan for Andare Residences, a Pininfarina-designed luxury condo project in Fort Lauderdale. Coconut Grove-based Related, led by Jorge Pérez and his sons, Jon Paul and Nick Pérez, recently broke ground on the 163-unit, 46-story tower planned for the site at 521 East Las Olas Boulevard, next to Icon Las Olas.

Prime delivery: EQT pays $55M for two Broward industrial facilities

EQT Real Estate picked up a pair of Broward industrial sites, including an Amazon distribution center, for a combined $55.3 million. In Deerfield Beach, Radnor, Pennsylvania-based EQT, led by Per Franzén, dropped $37.9 million for a 158,000-square-foot facility completed in 1985, records and real estate database Vizzda show. The building, which Amazon leases…

General Contractor Selected for Complete Renovation of 5th Avenue Delray in Delray Beach

Dominion Builders has been selected to lead the complete interior and exterior renovation of 5th Avenue Delray, a five-story, 125,000-square-foot luxury rental property located at 151 NE 5th Avenue in Delray Beach, Florida. The building, originally completed in 2011, comprises 47 upscale apartment units and five commercial spaces.

Woodfield, Flagler Realty score $81M construction loan for 358-unit apartment project in West Palm

Woodfield Development and Flagler Realty & Development scored an $80.6 million construction loan for a 358-unit mixed-use multifamily project in West Palm Beach. The developers plan the eight-story apartment building with 19,000 square feet of retail space on a 6.5-acre vacant site at 8111 South Dixie Highway, according to Woodfield’s December news release announcing…

Wellington green-lights zoning changes for Mark Bellissimo’s mixed-use Marketplace project

Developer Mark Bellissimo won approval for zoning changes that will allow him and his partners to build a boutique hotel, offices, condos, retail and restaurant space just across the street from his planned gated community, the Wellington. The mixed-use project, dubbed “the Marketplace” is said to be inspired by Palm Beach’s Worth Avenue and Greenwich…

3 tips to lower your commercial real estate insurance costs

Commercial real estate property insurance costs are on the rise. The average monthly cost of real estate investment insurance for a building in the United States reached $2,726 in 2023, up from $1,558 in 2013, according to the Deloitte Center for Financial Services. And premiums are only set to increase. Deloitte projects the average monthly insurance cost for a commercial building…

Strong Operational Performance in 1st Quarter Apartment REITs Earnings Calls

With U.S. apartment supply having peaked for this cycle and demand remaining resilient nationwide, both performance and investment activity experienced strong gains in 1st quarter 2025. Both Coastal and Sun Belt-focused REITs reported that 1st quarter financial and operational performance exceeded expectations, with persistent strong demand alongside favorable wage growth.

How Trade Shifts Impact Port Real Estate

Two days after threatening to impose a flat 50 percent tariff on imports from the European Union, President Donald Trump on Sunday announced he would postpone the tariff’s implementation until July 9—marking the latest twist in a trade policy saga whose effects have already begun to ripple through the supply chain. Pier 300 in the Port of Los Angeles. Import volume…

Cardone Capital launches 10X Miami River Bitcoin Fund

Cardone Capital, a real estate investment firm with over $5 billion in assets under management, launched the 10X Miami River Bitcoin Fund, a dual-asset fund consisting of a 346-unit multifamily commercial property located on the Miami River in Miami, Florida, and $15 million of Bitcoin. In an interview with Cointelegraph, Cardone Capital founder and CEO Grant Cardone…

National Housing Affordability Update: A Five-Year Review

Key Takeaways Housing affordability is improving as the national rent-to-income (RTI) ratio nears pre-pandemic levels due to steady median household income growth, but it remains an issue, especially for lower-income households. The pandemic reshaped housing affordability, but current economic uncertainty poses new challenges to the dire situation.

2025 J.P. Morgan multifamily market update for real estate investors

The outlook for multifamily real estate remains largely positive throughout 2025, even amid ongoing interest rate uncertainty. Moody’s projects asking rents will grow 2.7% this year nationally, while vacancy rates reach 6%. But real estate is a local game. Our commercial real estate professionals share multifamily trends and opportunities in top apartment markets across the country.

Terra proposes 724-unit Live Local Act project on portion of South Dade Government Center

Terra proposes a 724-unit Live Local Act project on land at South Dade Government Center that it leased from the county through a no-bid deal. The Coconut Grove-based firm wants to build a two-phase project on a 12-acre site at 10710, 10750 and 10800 Southwest 211th Street in Cutler Bay, according to an application filed to the county early this month. The first phase would consist…

Groundbreaking Held for 3-Story Rental Development at 9300 Collins Avenue in Surfside

Construction has officially begun on a new multifamily residential development at 9300 Collins Avenue in Surfside, Florida. Located one block west of the Atlantic Ocean and within walking distance of Bal Harbour Shops and Surfside’s downtown corridor, the three-story project will introduce a luxury rental product to a market traditionally dominated by for-sale condominiums…

Miami Worldcenter developers list retail for sale, seek over $300M

Miami Worldcenter Associates listed the retail component of the mixed-use downtown Miami development for sale, The Real Deal has learned. The developer, a joint venture led by Art Falcone, Nitin Motwani and CIM Group, is seeking offers in the $300 million-plus range for the 273,000-square-foot retail portion, according to sources and a copy of the offering memorandum.

Developer proposes 192-unit apartment project with workforce rentals in Naranja

A developer proposes a 192-unit apartment project with workforce rentals in Naranja. Entities tied to Coinco Investment filed an application to develop three four-story buildings on the southeast corner of U.S. 1 and Southwest 232nd Street in unincorporated Miami-Dade County, according to a filing submitted early this month. 12499 Holdings and 232 Holdings…

Developer proposes 42-unit condo project with workforce units in Kendall

A developer proposes a 42-unit condo project with workforce units in Kendall, amid a flurry of proposals for below-market rate housing in South Florida. An entity tied to Bob Liu of Capital Partners Management and Miami-based LiuCon Development wants to build a six-story building at 8445 Southwest 94th Street in unincorporated Miami-Dade County, according to an application…

First Glass Installed At 950-Foot Cipriani Residences In Brickell

Brickell’s under-construction Cipriani Residences has had its first glass installed. Cipriani Residences will have 397 luxury condos when it opens. The Cipriani tower is planned to top off at 80 stories. It will reach a near-supertall height of 940 feet above ground, and 950 feet feet above sea level, which is taller than any existing building in Brickell. Mast Capital is the developer.

650-Foot Copper-Clad Edgewater Tower Is Four Weeks Ahead Of Schedule

The foundation pour earlier this month for the 650-foot Villa Miami tower in Edgewater was actually four weeks ahead of schedule, the developers of the project said this week. The 14-hour pour on May 9 involved more than 3,400 cubic yards of concrete and 2,095 tons of steel to form the tower’s foundation. A total of 43 concrete trucks, operating in a coordinated rotation…

New Renderings Of Mandarin Oriental Brickell, Where $1B In Condos Now Pre-Sold

Developer Swire Properties has released new renderings of the Mandarin Oriental residential and hotel towers it is planning in Brickell. The developer also announced that sales have officially surpassed the $1b mark, with the South Tower now 50% sold. The existing 326-key Mandarin Oriental hotel is planned to close at the end of next week, in order to begin demolition.

Canero completes Coconut Grove condo buyout

Jose Canero’s Canero Group paid $17.3 million to acquire all the units in a Coconut Grove condo building. Property records show Canero affiliate WNG Miami acquired Chateau Grove, a 25-unit development at 3265 Virginia Street in Miami. The two-story building, built in 1963 on a 0.9-acre lot, is zoned T4-L, according to the property appraiser and information…

New Details On $520M Brickell Waterfront Development Site Sale

Aimco released additional information this month on its planned sale of a prime bayfront development assemblage in Brickell, in a quarterly report to investors. In December, developer Oak Row Equities and Mariposa Real Estate entered into an agreement to purchase the properties for $520m, with plans for a major development. The buyers placed an initial non-refundable…

“Gut punch”: Construction discovery delays Bulgari’s first U.S. hotel project in Miami Beach

An unforeseen construction defect will significantly delay the planned Bulgari hotel project in Miami Beach. On Tuesday, the Miami Beach Historic Preservation Board approved modifications to the planned redevelopment of the Seagull Hotel at 100 21st Street that entails tearing down most of the historic 145-room building to put in a new foundation.

Codina Partners Obtains $38.8M Construction Loan for Downtown Doral Retail Expansion

Codina Partners has obtained a $38.8 million construction loan for the third phase of Downtown Doral’s retail expansion. Ocean Bank provided the loan. Downtown Doral is a 250-acre mixed-use district in South Florida, and the third phase will add nearly 25,000 square feet of retail space along 87th Avenue, with 932 dedicated garage parking spaces for retail visitors.

Codina lands $39M loan to build 25K sf of retail at Downtown Doral

After nabbing a $38.8 million construction loan, Codina Partners is gearing up to build the last retail piece at Downtown Doral. Miami-based Ocean Bank provided the financing to an affiliate of Coral Gables-based Codina that is developing 25,000 square feet of retail and 932 parking spaces on Northwest 87th Avenue between Northwest 52nd Street and Northwest 53rd Street…

Site Work Permit Issued for 38-Story ‘2900 Terrace’ at 401 NE 29th Street in Edgewater

A site work permit has been issued for 2900 Terrace in Miami’s Edgewater neighborhood. The city’s Building Department approved the application on May 18. Coastal Construction is listed as the contractor, with Ortus Engineering as the permit runner. The permit follows an earlier tree permit issued on April 30. A master construction permit for vertical development remains under…

Plans Submitted To Miami’s Urban Development Review Board For Dual-Tower Project At 3801–3883 Biscayne Boulevard

Kolter Group is advancing plans for a new residential development at 3801–3883 Biscayne Boulevard, near the boundary of the Edgewater neighborhood and the Miami Design District. The developer recently submitted plans to Miami’s Urban Development Review Board (UDRB) for two 20-story, nearly 2940-foot-tall towers that will span nearly a full city block…

Plans Submitted for 381-Foot-Tall Sense 22 at 114 NE 22nd Street in Edgewater

Plans have been submitted to Miami’s Urban Development Review Board (UDRB) for Sense 22, a 36-story residential tower proposed for 114–138 NE 22nd Street on the edge of the Edgewater and Omni districts. The project is being developed by New Sense, LLC, an affiliate of Argentina-based HA Emprendimientos, with design by Anillo Toledo Lopez Architecture….

New Concourse K Approved For Miami Airport, Opening 2029

Miami-Dade has approved the construction of a new concourse at Miami International Airport, and construction will begin shortly. A groundbreaking ceremony will take place this summer. Completion is scheduled for spring 2029. Commissioners voted today to select a $600m design-build offer from contractor Lemartec-NV2A JV, with Perez & Perez Architects the lead architect.

Demolition Permit Issued At One Brickell City Centre Site

A total demolition permit for a building at the One Brickell City Centre site has been issued. The demolition permit was issued on May 14 and is now listed as active. It was approved in April. The One Brickell City Centre site is the Brickell Avenue gateway property to the existing Brickell City Centre development. Two office buildings were on the site. Demolition of the first building…

67-Story Jem Miami Worldcenter Tower Preparing For Foundation Pour

A foundation pour is moving closer at the 67-story JEM Private Residences site, new photos by mia_on_the_bay show. The JEM tower is planned to rise about 700 feet at Miami Worldcenter. It will include 786 residential units, of which 259 will be condos. Condo owners will have a separate entrance from the remainder of the residential units. Groundbreaking for JEM took place…

343-Unit Downtown Miami Condo Tower ‘District 225’ Nearing Completion

A photo shows a 39-story condo tower as it nears completion in downtown Miami. The building is named District 225. A parking garage is not being built, and it appears that there also aren’t balconies. Groundbreaking took place in July 2022, with top off in March 2024. The development will include 343 condo units, and owners will be able to rent their units on a short-term basis.

Freedom Tower reopening now planned for fall

Eyeing an official reopening in the fall, Miami Dade College’s Freedom Tower is putting together one-of-a-kind art installations in celebration of its centennial. In preparation, the college has collected over 300 oral history archives telling the story of the national historic landmark, said María Carla Chicuén, the executive director of cultural affairs at Miami Dade College.

Glass cube Waldorf Astoria tower rising skyward in downtown Miami

A stack of glass cubes is rising in the heart of downtown Miami. Builders of Waldorf Astoria Hotel & Residences Miami are making major strides in the creation of this unique skyscraper, according to a representative of the development partnership with PMG. In an email to Miami Today this week, PMG offered details of the status of the sweeping mixed-use residential tower…

Gary Ressler: Real estate executive puts energy into downtown Miami upgrades

Since getting introduced to and involved with the Miami Downtown Development Authority (Miami DDA) in 2001, Gary Ressler has been working tirelessly to continuously improve the quality of life of residents while fostering the growth of local businesses throughout downtown Miami. As chair of the quality-of-life committee, Mr. Ressler has ensured that the downtown…

Venetian Causeway restoration hits more delays

Completion of restoration of the Venetian Causeway stretching from downtown’s Omni area to Miami Beach has been delayed again by multiple factors and is now targeted for beyond 2032, a contract change up for county approval this week reveals. As county commissioners vote on Amendment 14 with EAC Consulting Inc. to design plans for the replacement of 11 historic bridges…

Miami Riverbridge mega-project to start with two towers

Detailed planning and design continues moving forward for what is being called a transitional mixed-use residential project on the bank of the Miami River, just west of Biscayne Bay. Miami’s Gencom reports progress to fine-tune the sweeping plans for Miami Riverbridge, which will take the place of the James L. Knight Center and Hyatt Regency hotel on the Miami River.

Gencom, Fortune land $300M refi for Key Biscayne Grand Bay project

Karim Alibhai’s Gencom and Edgardo DeFortuna’s Fortune International Group are teaming up to combine two Key Biscayne waterfront sites, consisting of a Ritz-Carlton hotel and a private beach club. The partnership, led by Miami-based Gencom, secured a $300 million loan from New York-based Blackstone to refinance existing debt, fund a $100 million renovation currently…

Doral Celebrates Grand Opening Of 78-Acre Central Park, A Historic Milestone For The City

The City of Doral held the grand opening ceremony of a new hub that officials described as a historical milestone. 7News cameras on Saturday captured the moment officials cut the red ribbon marking the official opening of Doral Central Park. The ribbon-cutting was followed by an energetic parade that ushered guests into what officials said is the…

Census: Miami’s Population Surges More Than 10 Percent Since 2020

Between 2020 and July 1, 2024, Miami experienced a significant population surge, according to the latest estimates from the U.S. Census Bureau. The South Florida city’s population was 487,014 residents in 2024, which is a 10.1 percent increase from 2020 Census figures. In the same time frame, Atlanta saw a 4.3 percent rise in population, while Raleigh experienced an uptick…

Hot stuff: Envision Cold enters Florida by picking up West Little River freezer facilities for $47M

Envision Cold made its first Florida commercial real estate play, paying $47.2 million for a freezer facility complex in West Little River. An affiliate of Atlanta-based Envision Cold, led by Eric Diaz, Stephen Draper, and Austin Solem, acquired three cold storage warehouses spanning 187,122 square feet at 2950 Northwest 75th Street in unincorporated Miami-Dade County…

Developers Propose 29-Story ‘Aurea’ for 1321 NW 9th Avenue in Miami

Two developers have filed plans for Aurea, a 29-story residential tower near Miami’s Health District. If approved, the venture would measure 29 stories, requiring close to 400,000 square feet of new construction. It would occupy a vacant site. There would be 332 apartments at Aurea; residences would begin on the seventh floor, with unit sizes ranging from 400 to 920…

‘Crystalline Towers Floating 20 Stories Above Biscayne Bay’ Proposed

Miami’s Planning Department has received an application to build two residential towers adjacent to the Design District and Edgewater. The development includes two 20-story towers, and a combined: 164 residential units two lodging units 8,874 square feet of retail 374 parking spaces The design fully meets the Miami 21 zoning code, and no waivers are being requested.

Live Local Tower With 328 Residential Units Proposed In Edgewater

Miami’s Planning Department has received an application to build a Live Local tower in Edgewater, next to Wynwood. The development name is Sense 22. The project is: A Live Local development In a designated Transit Oriented Development area In an Opportunity Zone In the Omni Redevelopment Area Sense 22 is proposed to rise 36 stories and include: 328 residential units…

Unnamed Company Is Proposing To Replace The Metromover

An unnamed company is proposing to replace Miami’s Metromover with another transit option, according to Miami Herald reporter Doug Hanks. Miami-Dade commissioner Raquel Regalado said last week that she met with company representatives and likes the idea. Will it be more trains? “Sound like it,” Hanks wrote on social media. Metromover was originally built in 1986…

800-Room Grand Hyatt Hotel Breaks Ground in Miami Beach

After years of planning, construction is officially underway on the Grand Hyatt Miami Beach, a long-anticipated hotel development adjacent to the Miami Beach Convention Center. The project broke ground on the morning of Friday, May 16, 2025, just weeks after the development team secured a $392 million construction loan from TYKO Capital. The hotel is scheduled for completion…

Site Work Permit Approved for 20-Story Tower 91 in Miami’s Design District

Miami’s Building Department has approved a site work permit for Tower 91, also known as Cassi, a 20-story mixed-use development set to rise at 91–93 NE 36th Street in the city’s Design District. The permit clears the way for initial groundwork to begin on the site, located just west of Biscayne Boulevard. The project is being developed by Design District Associates and Prinz Corner LLC…

Foundation Work Completed at Villa Miami, a 650-Foot Residential Tower Rising in Edgewater

Construction has reached a major milestone at Villa Miami, a 56-story waterfront residential tower underway at 710 Northeast 29th Street in Miami’s Edgewater neighborhood. Designed by ODP Architecture & Design with DeSimone Consulting Engineers as the structural engineer, and developed by Terra and One Thousand Group in collaboration with Major Food Group…

192-Unit ‘Summer Breeze’ Proposed for Unincorporated Miami-Dade County

Two developers hope to move forward with a residential venture in Miami-Dade County that would offer workforce housing. The venture, known as Summer Breeze, would offer 192 units in three four-story buildings, with floorplans spanning studio to three-bedroom apartments. Seventy-six homes would be designated as workforce housing, reserved for those earning…

Site Work Permit Approved For Tower 91 Property

Miami’s Building Department has approved a site work permit for the Tower 91 development property, allowing work there to begin. The development has been referred to as both Tower 91 and Cassi. The Building Department is still reviewing a master construction permit and phased vertical permit for Tower 91/Cassi. Design District Associates and Prinz Corner LLC…

Groundbreaking Ceremony Tomorrow For 800-Room Grand Hyatt Hotel

After years of planning, Miami Beach’s giant convention center hotel is finally breaking ground. The groundbreaking ceremony is planned on Friday morning, just weeks after developers secured $392 million in construction financing from TYKO Capital to build the project. The Grand Hyatt is planned to rise 17 stories and include: 800 rooms (including 52 suites) amenities including…

Closure Pours Completed For Two Of Six Signature Bridge Arches in Downtown Miami

Contractors have completed closure pours for two of the arches planned for the Signature Bridge in downtown Miami, according to an FDOT stakeholder presentation released yesterday. A total of six arches are planned. The remaining four arches are in varying states of construction. FDOT says the project budget remains at $840 million, with completion still on track…

New Condos Above E11even, Space Mean You Never Have to Leave the Club

Calling all club rats: You can soon live above two of Miami’s most iconic clubs, should you feel the need to spend more time on the dance floor. This is not an ecstasy-fueled dream. Two E11even-branded 65-story, fully furnished residential towers developed by E11even Partners and PMG are coming to downtown Miami’s Park West neighborhood. The towers will leave residents steps…

PMG again looks to attract crypto condo buyers

PMG is jumping back into the cryptocurrency buyer pool via a collaboration with Shift4, a payment processing company. Miami-based PMG is offering the option to buyers across all of its Florida condo projects, including Waldorf Astoria Residences in Miami and St. Petersburg; E11even Club Residences Beyond; 38 West Eleventh Residences Miami; One Twenty Brickell Residences…

Lease roundup: Quest Workspaces, Florida agencies ink space in Doral

A flex office provider, Florida state agencies and a pipes company are among tenants that leased at Doral Center. Co-working provider Quest Workspaces now leases 38,100 square feet, after expanding its existing space by 14,600 square feet at the office complex on the southwest corner of Northwest 36th Street and Northwest 87th Avenue in Doral, according to a news release…

Second Phase of ‘Nine Hollywood’ Proposed for 1831 Jackson Street in Hollywood

Hallandale Beach-based Gadamis Property LLC wants to proceed with the second phase of Nine Hollywood. The first phase finished construction last year, where it comprises 226 units. The second phase of Nine Hollywood requires close to 205,000 square feet of new construction, measuring 13 stories and featuring 198 apartments. The studio to three-bedroom residences…

EDENS Buys Davie Retail Center for $51M

MacArthur Park is another retail property in EDENS’ portfolio. Image courtesy of CBRE Investment Management EDENS has expanded its South Florida holdings with the acquisition of Weston Road Shopping Center, a 108,623-square-foot, open-air shopping center in Davie, Fla. The property changed hands for some $51.3 million or about $483 per square foot, Commercial Observer…

Giuseppe Iadisernia scores $112M construction loan for second Hallandale Beach condo tower

Developer Giuseppe Iadisernia scored a $112 million construction loan for the east tower of his planned Oasis Hallandale condo development, bringing his total financing for the project to $197 million. New York City-based S3 Capital, led by Robert Schwartz and Joshua Crane, is providing the financing for the tower planned for 1000 East Hallandale Beach…

Construction Tops Off on Society Las Olas Phase II in Downtown Fort Lauderdale

Construction has officially topped off on the second phase of Society Las Olas, a 42-story residential tower at 140 Southwest 2nd Street in Downtown Fort Lauderdale. Developed by Property Markets Group (PMG) in partnership with Toronto-based Greybrook Realty Partners, the 450-foot-tall project marks a major milestone for what is set to become the city’s largest multi-residential…

46-Story Andare Residences Breaks Ground at 521 East Las Olas Boulevard in Fort Lauderdale

The Related Group has officially broken ground on Andare Residences by Pininfarina, a 46-story luxury condominium tower set to rise at 521 East Las Olas Boulevard in Fort Lauderdale. Marking the first high-rise condominium on Las Olas Boulevard in nearly two decades, the project is set to become a prominent addition to the city’s skyline. Rising to over 540 feet, the tower…

Broward County’s Tallest Residential Building Has Broken Ground

Construction is now underway on the tallest residential structure ever built in Broward County. Developer Related Group and Italian design house Pininfarina celebrated the groundbreaking on May 15. The 47-story Andare Residences Design by Pininfarina in Fort Lauderdale is planned to reach a height of over 540 feet above Las Olas Boulevard. It will include 163 residential units…

Portman proposes 397-unit apartment project in Pompano Beach

Portman Holdings proposes a 397-unit apartment project in Pompano Beach that would replace an existing office building. The application comes as developers increasingly are replacing aging office buildings with new projects. Atlanta-based Portman wants to build the apartments on a 3.2-acre site at 2400 East Atlantic Boulevard, according to an application included…

Even in ritzy Palm Beach, aging condos struggle under pressure of new laws and rising insurance

For the first time in more than 20 years, a new oceanfront condo project is proposed for the island of Palm Beach. Vlad Doronin’s OKO Group and Cain International presented plans for an ultra-luxury, three-building, 49-unit complex during the Palm Beach Town Council’s Development Review meeting on Wednesday. The proposal offers a sleek reimagination of 4.9 acres…

Riviera Beach extends deadline for bids to buy public land near waterfront

Developers interested in buying Rivieria Beach public land near the waterfront will have another month to make an offer. Riviera Beach council members, sitting as the board of directors of the city’s Community Redevelopment Agency, extended the deadline for offers to acquire and redevelop 2.2 acres of land at 1851 Broadway to June 19. The previous deadline ended May 14.

Why Tariff Turmoil Doesn’t Shake Up Fitch’s View on REITs

Macroeconomic headwinds and increasing international trade upheaval have not had an immediate impact on REITs. Nonetheless, management teams have noticed that tenants’ leasing decisions have slowed while they determine the impact of tariffs on their underlying businesses. The most immediate effect on REITs will be related to financing costs and capital access.

Self-Storage Demand Has Turned

After 18 months of occupancy and move-in rate declines combined with tough comps from the post-COVID peak, there’s a new tone coming out of the self storage REITs this quarter—and it’s not just cautious optimism. Across Public Storage, Extra Space, and CubeSmart, the message was clear: demand has turned, and fundamentals are stabilizing faster than expected.

Florida lawmakers amend condo-hotel law — again

Florida lawmakers amended a state law that governs the delicate balance of power between unit owners and investors at condo-hotel complexes. The change, made during the ongoing legislative session, marks the second consecutive year that legislators try to tackle the controversy that’s shrouding many of the state’s condo-hotels. The mixed-use developments consist…

Apartment Transactions Nationally Ease in 2025’s 1st Quarter

U.S. apartment transactions eased during the first three months of 2025, following historical trends. However, on a year-over-year basis, apartment sales (total dollar volume, number of properties, number of units and price per unit) were up. There were some notable sales during 1st quarter, with five apartment communities trading for more than $180 million.