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.

$100 Million Renovation Plan Unveiled For The Ritz-Carlton Key Biscayne

A $100 million renovation plan has been unveiled for The Ritz-Carlton Key Biscayne, Miami, marking the first full-scale redevelopment of the resort since its debut in 2001. Gencom, which co-developed the original property nearly 25 years ago, spearheads the effort to modernize the 13-story, 420-key hotel. Completion is anticipated by December 2025…

Gencom Begins $100M Overhaul of Ritz-Carlton Key Biscayne Resort

Locally based Gencom has begun the $100 million overhaul of The Ritz-Carlton Key Biscayne, Miami resort. The 13-story, 275,000-square-foot hotel is located on a 17-acre site at 455 Grand Bay Drive on Key Biscayne, a barrier island situated south of Miami. Originally built in 2001, the property offers 420 guestrooms and 600 feet of direct beach access.

Two Projects with Affordable Housing Proposed for Broward and Miami-Dade Counties

Florida YIMBY has learned of two residential projects that will offer affordable housing in Broward and Miami-Dade counties. Here’s what we know. Keystone Holdings Group has proposed a high-rise residential tower in Miami. Measuring 18 stories above grade, Keystone Midway would offer 477 one-bedroom and two-bedroom apartments, with at least 40 percent (190) designated…

Site Work Permit Issued For Luxury 38-Story Edgewater Tower 2900 Terrace

Miami’s Building Department issued a site work permit yesterday for the 2900 Terrace property in Edgewater. The permit was issued to contractor Coastal Construction. It is the second construction permit issued for the development site. A tree permit was issued on April 30. Meanwhile, a master construction permit for a new tower continues to move through the approval process.

Panattoni seizes Flagler Station offices in deed in lieu, pays $21M for nearby building

Bridge Investment Group relinquished a Miami-Dade County office building in a deed in lieu of foreclosure and sold a nearby property for $20.8 million. The deals came as both buildings are struggling with high vacancies. Panattoni Development acquired both the half-vacant Building 1100 at 10451 Northwest 117th Avenue and Building 1300 at 9675 Northwest 117th Avenue…

Demolition Commencement Notice Filed At 90-Story Dolce&Gabbana Brickell Supertall Site

A Notice of Commencement has been filed for a Brickell Avenue property where a supertall is planned. A Developer is planning the 90-story, 1,049-foot Dolce&Gabbana Tower on the property. The NCO was recorded on April 29. It lists BG Group as the demolition contractor. The new 90-story Dolce&Gabbana tower completed administrative zoning review last year…

Miami Office Prices Remain Elevated as Development Levels Off

The Columbus Center is a 14-story Class A office building at 1 Alhambra Plaza in Coral Gables, Fla. Image courtesy of CommercialEdge Miami’s office sector started off the year with strong key metrics, according to the latest CommercialEdge data. While high vacancy rates have spread across most U.S. markets in recent years, the Magic City recorded the lowest figure among…

Historic Board Unanimously Approves 516-Foot Tower Across from Downtown Miami Brightline Station

The proposed First & Fifth tower has been granted unanimous approval by Miami’s Historic & Environmental Preservation Board. News of the approval was announced by Oak Row Equities, which is developing the project. The development includes partial demolition, alterations, an addition, and site improvements to a designated historic resource, the Salvation Army Citadel.

Construction Permits Filed For New Whole Foods In South Beach

A large new Whole Foods Market in South Beach has entered construction permitting over the past few weeks. The new store will be located on property currently occupied by a Wells Fargo Bank at 1901 Alton Road. There will be a Wells Fargo branch in the new building. Building Department records show that a total demolition permit, tree permit, foundation permit…

FAA Approves 411-Foot La Mare Hotel & Residences Structure In Brickell

The FAA granted approval for a new top of roof reconstruction in Brickell at the former One Broadway building. One Broadway is being converted into the La Mare Hotel & Residences. The rebuild includes modifying roof parapets with a modern design. The request submitted to the FAA was for new layout of rooftop obstruction lights. The FAA approval letter was issued yesterday.

Related Urban seeks extension of a ground lease for Live Local project in Miami-Dade

Related Urban is seeking more years on a ground lease to develop a Live Local Act mixed-income multifamily and office complex on a Miami-Dade County public housing site. The deal could generate $97.4 million over a century for the county, according to Miami-Dade officials. On Tuesday, the Miami-Dade County Commission’s housing committee will consider…

Keystone proposes 477-unit Live Local Act project in Fontainebleau

Keystone Holdings Group proposes a 477-unit Live Local Act project in the Fontainebleau neighborhood. The Miami-based firm wants to build the 18-story Keystone Midway on its 2-acre lot at 190 Northwest 79th Avenue in unincorporated Miami-Dade County, according to an application filed to the county early this month. The project will consist of one- and two-bedroom apartments.

Caution flags waving for bankers facing tariffs unknowns

As conversations revolving around tariffs continue to develop, the banking community is expected to become more cautious when it comes to lending. “Banks are going to be impacted basically from the risk in the economy,” said Dr. Manuel Lasaga, a clinical professor in the Department of Finance at Florida International University’s College of Business and president…

Plans for 337 MiMo area residences sidetracked

A developer is ready for the second phase of a mixed-use residential development in Miami’s MiMo neighborhood, next door to Legion Park. But the city’s Urban Development Review Board was unable to advance the application after an exhaustive review of the new site plan for phase two of Adela at MiMo Bay, at 645 NE 64th St. The project calls for six stories, up to 337 dwellings…

Miami Beach plans to lure Israeli and Jewish-owned firms

Miami Beach has voted to seek out and lure Israeli and Jewish-owned companies to the city. Commissioners in April voted unanimously to direct the city administration to develop an initiative via the city’s Economic Development Department to attract Israeli and Jewish-owned companies. “This is an item I’m incredibly proud to bring and excited about,” said Commissioner Joseph…

Olympic sailing training center to stay on in Grove

The US Sailing Center Miami, the nation’s only Olympic sailing training site, will continue to operate at Kennedy Park in Coconut Grove through 2037, preserving public access to Biscayne Bay for local and competitive sailors. During their May 8 meeting, Miami city commissioners voted unanimously to exhaust all possible lease renewals, extending the center’s lease…

FAA Permits Filed for 820-Foot-Tall Skyscraper at 19051 Collins Avenue in Sunny Isles Beach

YIMBY has spotted five recent Federal Aviation Administration (FAA) permit filings submitted on May 2, 2025, for a potential high-rise development at 19051 Collins Avenue in Sunny Isles Beach. The filings indicate a tower reaching 820 feet above ground, or approximately 828 feet above mean sea level, suggesting what could become the tallest oceanfront residential…

Exterior Work Nears Completion at NoMad Residences Wynwood in Miami

Exterior work is progressing toward completion at NoMad Residences Wynwood, a nine-story condominium development underway at 2700 Northwest 2nd Avenue in Miami’s Wynwood Arts District. Recent construction activity reveals the near-final appearance of the building’s façade, marking a major milestone for the project, which introduces the first residential…

Construction Financing Sign Installed At 61-Story Brickell Gateway Site

A construction financing sign was installed in the past few days at the Brickell Gateway project site. Developers Atlantic Pacific and Gazit Horizons are planning a 61-story, 761-foot tower on the property, which is in sight of Brickell City Centre. Plans for the development have been moving through planning approval and construction permitting with Miami-Dade County…

Foundation Pour Completed For Copper-Clad Villa Miami Tower In Edgewater

A foundation pour was completed in Edgewater over the weekend for the Villa Miami tower, according to an Instagram post by C&C Concrete Pumping. Site work for Villa Miami began in September. Groundbreaking took place in December, with the first crane installed by April. Villa is planned as an ultra-luxury, cooper-clad tower that will top off at 650 feet.

Plans Filed For North Bay Village’s Tallest Building Ever

A developer is proposing the tallest building ever in North Bay Village. According to a filing with the FAA, the building is planned to reach a height of 523 feet above ground, or 533 feet above sea level. The developer is listed as Harbor Island Development Company. The company includes executives from Related Group as its managers. Related and New York developer Macklowe…

Abandoned Industrial Sites Could Get A Second Chance Amid Shifting Manufacturing Demand

Billions of dollars in planned factory projects have been canceled or paused in the last six months, a development with the potential to pour cold water all over visions of new economic hubs in some of the country’s lower-profile corners. But a new wave of projects in industries like pharma, tech and automotive are ready to refill the pipeline, keeping demand…

FAA Filings Suggest Two 523-Foot Towers Planned For 8000 East Drive In North Bay Village

YIMBY has spotted new Federal Aviation Administration (FAA) permit filings submitted on May 8, 2025, indicating early-stage planning for two high-rise structures at 8000 East Drive in North Bay Village. The site occupies the northernmost point of Harbor Island. Currently, it houses the now-shuttered Biscayne Sea Club, a 1955-built co-op community consisting of two three-story…

New Tenants and Openings Advance Miami Worldcenter’s Retail and Dining Core

Miami Worldcenter’s expansive 27-acre development continues to evolve as several retail, dining, and lifestyle tenants recently opened their doors, adding to the growing mix of commercial offerings within the $6 billion mixed-use master plan in Downtown Miami. Located across ten city blocks, the pedestrian-oriented development is led by Miami Worldcenter Associates—headed…

Atlantic Pacific proposes 375-unit affordable, workforce housing project in Miami’s Overtown

Atlantic Pacific Companies proposes a 375-unit project with affordable and workforce apartments in Miami. The Boca Raton-based development firm wants to build an eight-story building with 10,000 square feet of ground-floor commercial space and a 421-space garage on a portion of the site at 800 Northwest Fifth Avenue in the Overtown/Park West area…

Robert Rivani’s Black Lion bids adieu to Brickell, sells two commercial units for $38M

Robert Rivani’s Black Lion exited the Brickell submarket after selling a pair of commercial condos leased to fine dining restaurants for a combined $38.2 million. Black Lion affiliates sold an 8,000-square-foot commercial unit with a 3,000-square-foot patio on the first floor of the SLS Lux Brickell condominium at 805 South Miami Avenue, and a 9,000-square-foot ground-floor space…

‘Tropical Crossings’ Proposed for South Dixie Highway and Southwest 250th Street in Princeton

Miami-based developer Pinnacle Housing has filed plans for the second phase of its affordable housing community in the region. The project comes on the heels of its predecessor, Tropical Pointe, a 215-unit development next door. Tropical Crossings will measure eight stories above grade, offering 110 studios and one-bedroom homes. The units would span about 500 to 680…

The Perigon Completes First Hydrostatic Concrete Slab Pour at 5333 Collins Avenue In Miami Beach

The Perigon, a 17-story ultra-luxury condominium tower rising on a two-acre beachfront parcel at 5333 Collins Avenue in Miami Beach’s Mid-Beach neighborhood, has reached a significant construction milestone with the completion of its first hydrostatic concrete slab pour. The operation involved approximately nine continuous hours of pouring, using 520 cubic yards of concrete…

Construction to Start on ‘NoMi Square’ This Summer at 13855 NW 17th Avenue in Miami

Nearly three years after securing approval for NoMi Square, Integra Investments is one step closer to breaking ground, thanks to a $65 million construction loan. Construction is expected to start on the seven-story venture this summer, where it’s estimated to take two years. Upon completion, NoMi Square will measure seven stories above grade and comprise 342 units…

$600M MIA Terminal Expansion Scheduled For County Vote

A contract for an expansion of MIA’s South Terminal is on the agenda next week for Miami-Dade commissioners. The South Terminal expansion received two design-build price proposals, according to a memo. The two evaluated price proposals were from Lemartec-NV2A ($532M) and Weitz-MCM JV ($743M). Officials are recommending commissioners accept the lower…

German developers launch condo sales for Cloud One Hotel & Residences Wynwood

A German partnership is moving ahead with plans for The Cloud One Hotel & Residences Wynwood, a mixed-use project with condominium and hotel components. Sebastian Lüdke of ALP.X Group, Motel One and Ralf Büschl of the Büschl Group plan to launch condo sales this month, the developers told The Real Deal. They tapped Douglas Elliman to lead sales.

Site Work Permit For Santander Tower on Brickell Avenue Enters Review

A site work permit for Brickell’s Santander Tower property entered review last week. Plans for the permit were accepted on April 28, with review beginning shortly after. A total demolition permit has already been issued and that work is underway. There is also a master construction permit for the new tower in review, and a phased vertical permit pending the start of review.

Wynwood Apartment Complex Amara Wynwood with 210 Units Nearly Complete

Hundreds of new residents are about to begin moving into Wynwood, as an apartment complex is now nearly complete. Amara Wynwood, formerly known as Wynwood station, will have 210 apartments. The 8-story building also will include 11,000 square feet of retail. There are apartments now listed as available for lease on the development website with a move-in date of May 15.

How can a product be imported tariff-free to Miami without entering the U.S.? Welcome to the FTZ

Among the warehouses that bump up against the Everglades, west of the Florida Turnpike in Miami-Dade County, is a door. And on that door is a sign. On that sign, between two Department of Homeland Security logos in red capital letters, is the word “warning.” Walk through this door and a visitor is leaving the United States — as far as international trade is concerned.

Miami Multifamily Real Estate Report – Q1 2025

Market Snapshot for Miami Multifamily Real Estate We’ve compiled key statistics (vacancy rates, absorption rates, and rental rates) and property transactions for Miami multifamily real estate in this report. The Miami multifamily report is updated quarterly by our commercial real estate professionals. We also want to cover the bigger picture and provide some information about…

Alo Yoga stretches onto Lincoln Road, plans store and private health club

Alo Yoga is looking to activate a dead corner on Lincoln Road and Collins Avenue with a new store and private health club. The Miami Beach Historic Preservation Board is scheduled to vote on Tuesday on Beverly Hills-based Alo Yoga’s planned renovation of a former Walgreens pharmacy on the ground-floor of the Decoplage condominium at 100 Lincoln Road.

Namaste: Miami Beach board approves Alo Yoga’s planned store and health club

The Miami Beach Historic Preservation Board found clarity and balance with Alo Yoga’s plans for a new store and private health club on a dead retail corner at Collins Avenue and Lincoln Road. At a Tuesday hearing, the board voted 5-0 to approve Beverly Hills-based Alo Yoga’s revamping of a shuttered Walgreens pharmacy on the ground-floor of the Decoplage condominium…

Practical Density Expectations in Miami Area 5-Story Multifamily Builds

A recurring question in multifamily development involves the viability of 5-story projects. While zoning under the Live Local Act may allow for greater height and density, in practice, many sites face economic height constraints. That is, although taller buildings may be permitted, the marginal cost of construction per unit rises significantly with each additional story—often outpacing…

Lease roundup: Maple & Ash, Earls Kitchen + Bar open at Miami Worldcenter

Two restaurants, including a Chicago-based steakhouse, are among new tenants at the Miami Worldcenter mixed-use complex. Maple & Ash opened a 22,000-square-foot flagship steakhouse on two stories at 699 Northeast First Avenue in downtown Miami, according to a Miami Worldcenter news release. Earls Kitchen + Bar opened in 8,400 square feet at 150 Northeast Eighth Street.

D.R. Horton proposes 190 townhouses, 57 single-family homes in south Miami-Dade

D.R. Horton proposes a 247-unit residential development in south Miami-Dade County. The Arlington, Texas-based homebuilder plans 190 townhomes and 57 single-family homes on the southwest corner of Southwest 344th Street and 193rd Avenue in unincorporated Miami-Dade County, according to an application filed early this month. The 26.2-acre assemblage consists…

Edens pays $51M for Davie shopping center with a big box vacancy

Edens picked up a Davie shopping center with a recent big box vacancy. An affiliate of Columbia, South Carolina-based Edens, led by CEO Jodie McLean, paid $51.2 million for Weston Road Shopping Center at 4410-4484 Weston Road, records and real estate database Vizzda show. This month, the shopping center lost its major tenant when Office Depot moved out of the 108,623 sf…

Mixed-Use Transit-Oriented University Station in Hollywood Completed

A mixed-use development has been completed in Hollywood where a new commuter rail station is planned along the Brightline tracks. Developer Housing Trust Group held a grand opening last week for the $100M project, known as University Station. It is located at the site where a future commuter rail station is planned by Broward County, with access to Miami and Fort Lauderdale.

Starlife Group Launches Vertical Construction for 13-Story Mixed-Use Development in Hollywood

Starlife Group has launched vertical construction on 21 Hollywood, a 13-story mixed-use development located in Hollywood. Designed by Miami-based architect Kobi Karp, the project will feature 200 apartments and 10,000 square feet of ground floor retail space. Starlife Builders, a subsidiary of Starlife Group, serves as 21 Hollywood’s general contractor.

Louis Birdman and partners win approval for mixed-use development with 618 apartments in Hollywood

Developer Louis Birdman and partners advanced plans to build 618 apartments in Hollywood, as part of a mixed-use development on a city-owned brownfield property just west of I- 95. The Hollywood City Commission voted Wednesday to rezone the site from “government use” (GU) to “planned development” (PD) and approve a master plan for the mixed-use development…

Developer Proposes Final Phase of ‘Shalimar at Plantation’ at 8490 Cleary Blvd

Since October 2021, Florida YIMBY has closely followed developments regarding Shalimar at Plantation, a luxury rental community in its namesake city. Now, we’re here to share updates about the community’s third and final phase: Shalimar North, the accompaniment to Shalimar West and Shalimar East. Of the three phases, Shalimar North would offer the smallest units.

Carolina Club Golf Course Could Be Redeveloped into Mixed-use Venture at 3011 Rock Island Road in Margate

Boca Raton-based Rosemurgy Properties has filed plans to redevelop the defunct Carolina Club Golf Course in Broward County into a large-scale mixed-use project. The 150-acre site would undergo a major transformation if approved by city officials. The development plan includes 377 townhomes and a six-story apartment building with 507 units, along with 57,500 sf…

42-Story, 563-Unit Tower Society Las Olas Phase 2 Tops Off In Fort Lauderdale

Society Las Olas Phase 2 has topped off. The two combined phases of Society Las Olas will include a total of around 1,200 units. The first tower, which includes 639 units, was completed in 2020 and sold in 2021. It has since been renamed Flow Fort Lauderdale. The second tower is planned to add another 563 units. According to PMG’s website, the building height…

Developer plans nine-story hotel near downtown Fort Lauderdale

A Connecticut-based developer plans to build a nine-story hotel just east of downtown Fort Lauderdale and operate it under the Canopy by Hilton brand. New Castle Hotels & Resorts won city approval Tuesday for the 172-room hotel one block east of Federal Highway and two blocks north of East Las Olas Boulevard. New Castle paid $8.5 million in 2023 to acquire…

Realterm buys industrial outdoor storage in Pompano Beach for $25M

A logistics real estate company bought an industrial outdoor storage site in Pompano Beach for $25 million. Annapolis, Maryland-based Realterm purchased the property at 3120 Northwest 16th Terrace, according to the buyer’s news release. Entities led by Scott Daiagi sold the two-lot site, records show. Roberto Susi and Jose Sasson-Lerner of Axiom Capital Advisors represented…

Phase One of Parks at Delray Completes Construction at 2100 South Congress Avenue in Delray Beach

Construction has wrapped up on Phase One of Parks at Delray, a sprawling mixed-use development located at 2100 South Congress Avenue in Delray Beach, Florida. General contractor ANF played an integral role in delivering this initial phase, comprising 420 luxury rental units within the expansive 43-acre community. Developed by 13th Floor Investments and Key International…

Rockpoint JV sells West Palm office tower for $45M – 26% discount from purchase price four years ago

Bradford Allen Investment Advisors bought the One Clearlake office tower in West Palm Beach for $45 million, marking a nearly 26 percent discount from its previous sale price four years ago. Boston-based Rockpoint and its partners sold the 18-story building at 250 South Australian Avenue, according to records and real estate database Vizzda.

Riviera Beach approves 25-story mixed-use condo project

Forest Development’s Peter Baytarian can move forward with plans to build a pair of 25-story mixed-use condo towers in Riviera Beach. The Riviera Beach City Council Wednesday evening unanimously approved a pair of resolutions tied to the project, called Oculina, to be built at 3700 Broadway. Designed by Palm Beach Gardens-based Insite Studio, the Oculina project will be…

Live Local developers eye outcome of civil lawsuits and latest bill

Florida lawmakers recently strengthened the Live Local Act’s state control over municipalities, aiming to crack down on cities and counties that try to block applications filed under the workforce housing law. The amendments, unanimously approved by the House and Senate, which now await Gov. Ron DeSantis’ signature, are geared toward encouraging more Live Local Act projects.

Video: Ethan Chernofsky of Placer.ai Discusses RTO vs WFH Trends

In the world of commercial real estate, the pandemic has catalyzed significant shifts in the way workplaces function, and how businesses and employees perceive the office environment. As the host of America’s Commercial Real Estate Show pointed out, the pandemic has precipitated the widespread adoption of hybrid work models, leading to changes in office building traffic…

ULI Special Report: Optimism and Uncertainty

Both uncertainty about the economy and predictions of relatively strong performances for most commercial real estate asset classes permeated the second day of the Urban Land Institute’s 2025 Spring Meeting. At the same time, present sector fundamentals and economic indicators did little to assuage larger concerns for panelists around the yet-to-be-seen impacts of tariffs…

PolitiFact FL: Did Canadian tourism to Florida decline amid Trump’s 51st state comments?

Canadians have long spent wintertime in Florida, trading in frigid temperatures for the Sunshine State’s sunny beaches and spending money on restaurants and hotels that cater to Canadian tourists. But President Donald Trump’s rhetoric and actions targeting Canada has given some Canadians pause about spending money in the U.S. Trump has repeatedly said Canada should…

After Recent Policymaking Meeting, Atlanta Fed President Discusses FOMC Decision

The Federal Open Market Committee (FOMC) voted unanimously Wednesday to hold interest rates steady amid uncertainty over trade policy, as well as economic concerns that have been observed but have yet to appear in data. Atlanta Fed president Raphael Bostic supported the decision, citing the potential continuation of the current period of uncertainty.

Glory Days Ahead for Multifamily Owners in 2025

Like many other real estate assets that underwrote exceptionally well in 2021–2023, multifamily sits near the top. The tailwinds were significant: low interest rates, a mass shift to remote work, cap rates that dropped 10–20%, banks that were bullish on commercial real estate, and no tariffs. There was so much momentum that developers could absorb rapidly increasing…

Video: Fountain Residential CEO Brent Little on the Student Housing Sector Today

In a recent episode of America’s Commercial Real Estate Show, the host welcomed Brent Little, the President and CEO of Fountain Residential, to delve into the multifaceted world of student housing. Fountain Residential has been operating exclusively in the student housing sector for nearly a quarter of a century, developing over 50 projects across the United States…

Prosper Group, Forte Development File Pre-Application For 80-Story Mixed-Use Tower At 1040 South Miami Avenue In Brickell

Prosper Group and Forte Development have submitted a pre-application for an 80-story mixed-use tower at 1040 South Miami Avenue in Miami’s Brickell neighborhood. The proposal, filed under Miami-Dade County’s Rapid Transit Zone (RTZ) program, outlines plans for a 945-foot-tall structure comprising residential, hotel, and retail components. The site, previously…

One Twenty Brickell Residences Breaks Ground at 120 SW 8th Street in Miami

Prosper Group and Forte Development have submitted a pre-application for an 80-story mixed-use tower at 1040 South Miami Avenue in Miami’s Brickell neighborhood. The proposal, filed under Miami-Dade County’s Rapid Transit Zone (RTZ) program, outlines plans for a 945-foot-tall structure comprising residential, hotel, and retail components. The site, previously earmarked…

Pre-Application Filed For 80-Story Brickell Tower at 1040 S Miami Avenue

A pre-application was filed with Miami-Dade this morning for a new development in Brickell. The proposal is to develop under Miami-Dade’s Rapid Transit zoning plan, bypassing City of Miami planning approval. The new building is planned to be built at 1040 S. Miami Ave, on the property where a Virgin Hotel was once planned. The Project will be approximately 80 stories in height…

Prosper, Forte submit plans for 80-story mixed-use Brickell condo tower

Jay Roberts’ Prosper Group is teaming up with Forte Development on a proposed 80-story mixed-use condo tower in Miami’s Brickell, The Real Deal has learned. The developers submitted a pre-application under Miami-Dade County’s rapid transit zoning for the site at 1040 South Miami Avenue. RTZ can provide developers with additional density. The site is about a block away…

Construction Permit Filed For Midtown Miami’s Tallest Building

A construction permit application has been submitted to Miami’s Building Department for the Jean-Georges Miami Tropic Residences building. The building permit application was submitted on May 2 and is not yet in process. It lists Moss & Associates as the contractor. The tower is planned to rise 48 stories, or 606 feet above ground, according to a filing with Miami’s Urban…

Renderings Submitted For 948-Foot Tower In Brickell

The first batch of renderings have been revealed for a near-supertall tower proposed in Brickell. A pre-application for the development was filed with Miami-Dade yesterday, with renderings and additional details submitted shortly after. The pre-application filing lists the following proposed uses in the new building: 259 residential units 100 hotel units 48 hotel condo units 1,885…

Will Roman Jones conquer Miami River’s dining scene?

Sporting four gold skull-shaped rings on his right hand, Roman Jones points to a vacant lot across the water from Kiki’s on the River, his Mediterranean restaurant that caters to a jet-setting crowd on the outskirts of downtown Miami. “I’m going to call it Pirata,” Jones said. “It’s going to be a more affordable place for locals where you can show up in flip-flops, shorts and a baseball cap.”

Construction Permit Filed For Elle Residences In Edgewater

A construction permit application was submitted to Miami’s Building Department for the Elle Residences site. Elle Residences was first announced in May 2024. The permit application was filed on April 7 and is not yet in process. A contractor is not yet attached. The permit lists 180 units and 4,015 square feet of retail in 25 stories. Units will be delivered fully finished and…

Miami-Dade County Transportation Planning Organization; waterborne transit efforts flow on

The Miami-Dade County Transportation Planning Organization is in the final stage of development of its study for the feasibility of a waterborne transit network, following an initial report first published last October. According to a representative of the Department of Transportation and Public Works, the planning organization is finalizing a secondary study regarding…

Miami planning new public park near loanDepot Park

A new public park may soon take shape next to the Marlins’ stadium in Miami’s District Three, which has the fewest parks in the city, offering nearby residents and visitors a place to unwind outdoors. The Miami City Commission is weighing two zoning changes today (5/8) to facilitate the park’s creation. The .72-acre site at 1653 NW Fifth St. and 1628 and 1644 NW Sixth St…

Carnival Sets Sail for New Miami HQ

Calling Miami “the cruise capital of the world,” Carnival Corp. is setting course for a new Miami-Dade County home in the 250-acre Waterfront Business District, where it will build a multi-building global headquarters on a 15-acre site for about 2,000 North American team members by 2028. Carnival cruise ship Carnival Glory. Image courtesy of Carnival Corp. Carnival…

Carnival Corp. Announces New Miami HQ With Thousands Of Employees

Carnival Corporation announced plans today for a giant new global headquarters office in Miami. Hundreds of new high paying jobs will be added in Miami-Dade as part of the plan. Employees currently dispersed throughout other locations and regions will be moved to Miami as part of the plan, in addition to employees working in Carnival’s existing Doral offices.

Cruise giant Carnival will build a new HQ in Miami

Miami will continue to be the cruise capital of the world when Carnival Corporate moves away from Doral in a few years. The cruise operator isn’t moving far. It announced Monday it will build several buildings to serve as its new headquarters just south of Miami International Airport, in the Waterford Business District. The new campus will bring more workers, too.

Willow Bridge Unveils Luxury Apartments in Doral

Willow Bridge Property Co. has opened Leksa at CityPlace, a 391-unit luxury multifamily community located at 8401 NW 34th Terrace in the Miami suburb of Doral, Fla. According to Yardi Matrix, Leska at CityPlace was completed in 2024. The same source shows that the property is subject to a $103 million construction loan provided by Santander Bank.

South Florida industrial rents remain high in first quarter, despite demand slowdown

South Florida industrial landlords experienced less tenant demand in the first quarter, but asking rents remained high across Miami-Dade, Broward and Palm Beach counties, a recent report shows. As the year progresses, warehouse owners will likely curtail rent increases, as some landlords are already lowering their asking rents to maintain leasing momentum, the CBRE report states.

Russell Galbut: Miami developer developing his ownership-based Crescent Seas cruise line

With over 35 years of experience in the real estate sector, Russell Galbut is the managing principal and co-founder of Crescent Height and the founder of GFO Investments. Mr. Galbut has established Crescent Heights as a “best in class” developer with a proven track record in new construction and renovations. The company has been active in more than 15 major metropolitan…

820-Foot Building Proposed In Sunny Isles

A proposal has been filed for a potential new tallest building in Sunny Isles. If approved, it could become the tallest oceanfront building in the U.S., at 820 feet above ground and 828 feet above sea level. There are several buildings currently under construction in Sunny Isles at 750 feet above sea level, including the Bentley Residences and St. Regis Residences. The Federal Aviation…

Practical Density Expectations in Miami Area 5-Story Multifamily Builds

A recurring question in multifamily development involves the viability of 5-story projects. While zoning under the Live Local Act may allow for greater height and density, in practice, many sites face economic height constraints. That is, although taller buildings may be permitted, the marginal cost of construction per unit rises significantly with each additional story—often outpacing…

Pre-Application Filed For 375 New Apartments In Overtown

A pre-application was filed with Miami-Dade for 375 apartments at Culmer Place. Culmer Place is eventually planned to include 1,000 units. The first phase, with 239 units, is under construction, and several buildings are planned to be demolished. The newly proposed phase is planned to rise 8 stories, and include: 375 multifamily units, including a mix of affordable and workforce…

Sushi Garage Reveals First Look at Upcoming Restaurant at The Standard Residences in Midtown Miami

Juvia Group’s Sushi Garage is set to debut at The Standard Residences in Midtown Miami, bringing a contemporary interpretation of Japanese cuisine to the emerging residential and commercial district. The announcement comes as the 12-story, 228-unit development approaches completion, with a sellout nearing. The new location is the result of a collaboration…

Adam Neumann’s Flow, Canada Global win approval for 675-unit Aventura mixed-use project

Adam Neumann’s Flow and Canada Global can move forward with a three-tower, mixed-use project next to an existing office complex in Aventura. The Aventura City Commission voted unanimously and without discussion on Tuesday to approve the joint venture’s rezoning of an 8.6-acre site at 20801, 20803 and 20807 Biscayne Boulevard, allowing 70 units per acre instead…

Low single-digit vacancy rates boost South Florida’s retail market in first quarter

South Florida’s retail market is on a winning streak. For three consecutive quarters, the tri-county region experienced an overall vacancy rate of 3.5 percent, a historic low that is below the current national average of 4.2 percent, according to a recent Colliers report. However, a lack of new construction is creating a demand versus supply gap, the first quarter report states.

Benmark Capital Closes $25 Million Pre-Development Loan for Continuum Club & Residences in North Bay Village

Benmark Capital, a vertically integrated real estate private equity and debt investment firm, has announced the closing of a $25 million pre-development loan to Continuum Company for the advancement of Continuum Club & Residences, a planned 32-story luxury condominium development located at 1755 John F. Kennedy Causeway in North Bay Village, Florida. The financing…

El-Ad pays $20M for North Bay Village dev site planned for 22-story resi tower

El-Ad National Properties paid $20 million for a development site in North Bay Village planned for a 22-story residential tower. Boca Raton-based El-Ad, a division of Elad Group, bought the 1-acre property at 7913 West Drive from Aventura-based S2 Development, according to records and real estate database Vizzda. The buyer borrowed $10 million for the purchase…

Raanan Katz’s Miami Sears site planned for 1,050-unit Live Local Act project hits market for over $100M

After supersizing the development potential of a Sears site in Miami, Miami Heat minority owner Raanan Katz’s firm is listing the property for sale with an asking price of over $100 million, The Real Deal has learned. RK Centers wants to sell the 8.1-acre property at 3655 Southwest 22nd Street that’s approved for a 1,050-unit Live Local Act project and 50,000 sf…

‘7200 Collins’ to Offer 222 Luxury Units at 7200 Collins Avenue in Miami Beach

Construction is anticipated to start on a high-rise luxury condominium in this year’s fourth quarter. Located in Miami Beach, 7200 Collins will measure 12 stories above grade and offer 222 units, with homes ranging from 375 to 1,200 square feet each. Floorplans will include studio to two-bedroom layouts; in-unit features include nine-foot-high ceilings, Italian-inspired cabinetry…

Live Local boost: Developer enlarges planned Ojus project to 362 units using state affordable housing law

A development firm boosted the size of its planned apartment project in Ojus to 362 units, partly by seizing on density and height bonuses under the Live Local Act. Boca Raton-based Group P6 wants to develop the 21-story building with 3,600 square feet of retail at 2600 and 2630 Northeast 203rd Street in unincorporated Miami-Dade County, according to a filing…

Photos: Wynwood Plaza Nearing Completion

Photos show the massive Wynwood Plaza campus as it moves closer to opening. Amazon recently announced it was leasing 50,333 square feet of office space in the new development. The 12-story office tower at Wynwood Plaza will include 266,000 square feet of Class AAA space upon completion. The development also includes Wynwood Plaza Residences, with 509 high-end rental…

Scott Robins, Philip Levine list Wynwood shovel-ready dev site for $26M

Scott Robins and Philip Levine are looking to sell a shovel-ready Wynwood development site approved for a mixed-use project. The Miami Beach-based partners are seeking offers starting at $26 million, an offering memorandum shows. Tony Arellano and Devlin Marinoff with Dwntwn Realty Advisors are marketing the site, which is known as Wynwood Easel. Recently, Robins …

FC Barcelona Moving US HQ From New York To Downtown Miami

FC Barcelona announced that it is moving its US headquarters office from New York to downtown Miami. “The city of Miami has become a hub for soccer in the United States and for us it makes sense to establish our commercial operations in one of the key markets for the Club’s business,” said Joan Laporta, president of FC Barcelona. Miami’s Downtown Development Authority…

Homestead officials accuse Nascar race venue of owing $536K in rent

A Nascar racing venue in Homestead allegedly owes the city more than a half-million dollars in rent. Homestead-Miami Speedway has failed to pay the city $536,180 dating back to 2021, according to an April 25 letter from Homestead City Manager Zerry Ihekwaba obtained by The Real Deal. The demand notice was sent to Guillermo Santa Cruz, the speedway’s president.

Condo developers add F1 amenities to sell racing lifestyle

After rounding a corner, I stepped on the gas pedal. This time I managed it without going off the track. The engine revved, sounding just like a Formula 1 race. I was going over 100 miles per hour — the fastest I’ve ever driven. I had, minutes earlier, climbed into the body of an F1 car, my legs straight out in front of me, gripping an unfamiliar steering wheel. But I wasn’t really on a track.

Concrete Block Installation Underway At 427-Unit Apartment Building Near Arsht

Block installation is underway at Excel Miami, a 24-story apartment building under construction near the Arsht Center. Excel will have 427 apartments, with a total of 214,183 rentable square feet. Amenities will include a pool, yoga deck, fitness room, co-working space, screening room, and podcast suites. The Metromover School Board Station is a short distance away.

Condo Building With 222 Units To Begin Construction This Year In North Beach

Sales have launched for 7200 Collins, a new 12-story luxury condominium in North Beach. The development will include 222 condo units, with short-term rentals permitted Pricing starts at $600,000, with units sizes from studios to two-bedrooms (375–1,200 square feet). Amenities for residents will include two pools, a rooftop cinema, and event spaces.

Photos: Newly Completed Magnus Brickell, With 465 Apartments

Photos show the newly completed Magnus Brickell tower. Magnus Brickell is a 29-story Class A apartment building. It includes 465 residential rental units. Of those, 302 apartments are market rate, 70 apartments are workforce, and 93 units are for lower income tenants. Related Urban Development Group partnered with Miami-Dade on the development.

Miami Design District Rents Surged 67% Last Year

Rents in the Miami Design District grew 67% in 2024, according to Bloomberg, which cited a Cushman & Wakefield analysis. It was the fastest growth of any retail main street area in the Americas included in the Cushman & Wakefield report. Rents are now said to be $500 per square foot a year, which is the highest of any retail streets in the U.S. outside of New York and L.A. included…

Multiple New Retail & Restaurant Openings At Miami Worldcenter

A slate of new restaurant and retailers have just opened at Miami Worldcenter, with a grand opening celebration now just weeks away. Maple & Ash, Earls Kitchen + Bar, Sweet Paris Crêperie, The Spot Barbershop, and Starbucks are among the recent openings. Tenants already open at Worldcenter include: Apple; Sephora; Lululemon; Ray-Ban; Lucid Motors…

Michael Stern, JDS sue over allegedly defamatory website

Developer Michael Stern and JDS Development Group are alleging a John Doe orchestrated a smear campaign to spread false and defamatory information about him and his company, according to a lawsuit filed last week. Stern, CEO of Miami-based JDS, is suing to uncover the identity of the operator of the website JDSpulse.com and affiliated social media accounts.

Lease roundup: FC Barcelona moving HQ to Miami, hospitality guru Marc Falsetto plans restaurant in Fort Lauderdale

Professional soccer club FC Barcelona will move its U.S. headquarters to downtown Miami from New York. FC Barcelona, commonly known as Barça, is looking for both an office and at least 5,000 square feet of retail space, according to a news release from the Miami Downtown Development Authority. The Barcelona-based club received an incentive grant from the Miami DDA…

13th Floor, JSB Capital Group Obtain $67.5M Construction Loan for Multifamily Project in Davie

A joint venture between 13th Floor Investments and JSB Capital Group has obtained a $67.5 million construction loan for Parks at Davie, a 383-unit multifamily project in the north Miami suburb of Davie. Santander Bank provided the loan. Peter Mekras of Aztec Group advised the joint venture on the capitalization, which also included an undisclosed amount of preferred equity…

Foundation Work Progresses on 21 Hollywood at 2100 N. Federal Highway in Hollywood

Construction is advancing at 21 Hollywood, a 14-story mixed-use development currently underway at 2100 N. Federal Highway in Hollywood, Florida. Designed by Miami-based architect Kobi Karp and developed by Starlife Group, the project recently reached a key construction milestone with the completion of the initial series of concrete slab pours for the foundation.

308-Unit Community Proposed for Parking Lot of Mall at 527 SW 145th Terrace in Pembroke Pines

Following a trend of building residential developments in parking lots, Federal Realty Investment Trust has proposed a 308-apartment complex in Pembroke Pines. The venture would occupy 2.7 acres of the Shops at Pembroke Gardens’ parking lot; the developer purchased the mall itself for $180.5 million in 2022. The new development would offer studio, one-bedroom…

Federal Realty proposes 308-unit apartment complex at Shops at Pembroke Gardens

Federal Realty Investment Trust proposes a 308-unit apartment project on a portion of its Shops at Pembroke Gardens. The North Bethesda, Maryland-based firm wants to build the project on a 2.7-acre parking lot at the 40-acre shopping center at 527 Southwest 145th Terrace in Pembroke Pines, according to filings to the city. The Pembroke Pines Planning and Zoning Board…

Home Depot on tap? Retailer pays $20M for 5-acre commercial plaza in Pembroke Park

Home Depot bought a commercial plaza in Pembroke Park for $20 million, adding to its holdings in the Broward County town. The Atlanta-based big box retailer purchased the property at 3101-3129 West Hallandale Beach Boulevard from an entity led by Joseph and Elena Edelman, according to records and real estate database Vizzda. Completed from 1984 to 1990…

Housing Trust Group and Mount Hermon AME Church Complete $43.5M Affordable Senior Community in Fort Lauderdale

Housing Trust Group (HTG), in partnership with Mount Hermon African Methodist Episcopal Church Inc. under the ministry of Rev. Dr. Henry E. Green Jr., has completed Mount Hermon Apartments, a seven-story affordable housing community for seniors aged 62 and older in Fort Lauderdale. Located at 750 NW 4th Street, the $43.5 million development delivers 104 income-restricted…

First Look at Interiors for Sereno Fort Lauderdale, a 14-Story Luxury Condo Project from Integra Investments and Flying Point

Newly released renderings offer a first glimpse at the interiors of Sereno Fort Lauderdale, a 14-story, 76-unit luxury condominium development rising at 2901 NE 9th Court in Fort Lauderdale. Developed by Integra Investments in collaboration with Flying Point, the boutique tower is designed by FSMY Architects + Planners, with interiors by UK-based firm 1508 London…

Second Phase of ‘101 Dania Beach’ Starts Construction at 102 S.W. 1st Street in Dania Beach

For close to three years, Florida YIMBY has been following updates regarding 101 Dania Beach, a multi-family housing development we first covered in October 2022. The 13-story luxury venture is just five weeks away from completion, where it will feature 278 apartments. Now, we’ve learned that developers Apollo Cos. and Liberty Base Investments have started construction…

Embattled senior living tycoon Leo Friedman pays $30M for Delray Beach facility

Controversial senior living tycoon Leo Friedman bought a facility in Delray Beach for $30 million. New York-based Citadel Care Centers, led by founder and CEO Friedman, bought the 472-unit Abbey Delray at 2000 Lowson Boulevard from Dallas-based Lifespace Communities, according to records and real estate database Vizzda. The buyer borrowed $42 million from Metropolitan…

Grover Corlew Lands $48M Refi for Boca Raton Office Campus

Palmetto Central comprises two renovated buildings rising four and five stories. Image courtesy of Grover Corlew Grover Corlew has obtained $47.5 million for the refinancing of Palmetto Central, a two-building, 170,000-square-foot office campus in Boca Raton, Fla. City National Bank of Florida provided the loan. Previous financing included an almost $22 million loan…

Construction Tops Off on The Nora Hotel in West Palm Beach’s Nora District

Construction has topped off on The Nora Hotel, a five-story, 201-key boutique hospitality development underway in the emerging Nora District of West Palm Beach. The project is being developed by BD Hotels and Sean MacPherson, in collaboration with NDT Development, Place Projects, and Wheelock Street Capital. Slated for completion in late 2026, the hotel marks BD Hotels…

Construction Starts on Senior Housing Development at 3765 Georgia Street in West Palm Beach

A multi-phase housing development designed by REG Architects has broken ground in West Palm Beach. The project is called “Roseland Gardens,” and it will replace a public housing community built in the 1940s. The first phase of the two-phase venture will comprise 148 homes divided between two four-story buildings. The buildings themselves will measure 75,000 sf…

Related Ross Announces Equinox-Curated Fitness and Wellness Programming at Shorecrest in West Palm Beach

Related Ross has announced that Shorecrest, a forthcoming 28-story luxury condominium development located at 1901 North Flagler Drive in West Palm Beach, will feature a comprehensive wellness program and amenity package curated in collaboration with Equinox. The partnership integrates the lifestyle brand’s fitness and spa standards into the residential development’s…

Related Ross, partners buy WPTV’s studio and offices in West Palm for $40M

Steve Ross and his partners bought WPTV’s studio and office building in West Palm Beach for $40 million in a sale-leaseback deal. The purchase comes as Ross, downtown West Palm’s biggest commercial landlord, is redeveloping the area with office, apartment and condo towers. Related Ross, Wexford Real Estate Investors and the Ardid family’s Key International…

Coco family office jumps into West Palm Beach with $46M acquisition

Coco Group is stepping into the downtown West Palm Beach commercial market with a $45.7 million purchase. An entity managed by Wesley Diong, CFO for Toronto-based family office Coco Group, acquired Echo, a 100-year-old mixed-use building at 205 Datura Street, records show. The buyer, led by CEO Jenny Coco, paid $637 a square foot for the 71,694-square-foot…

Down for the count? Don King’s Mangonia Park site faces $38M foreclosure

A $38 million foreclosure complaint could knock out Don King’s plan to sell 52 acres in Mangonia Park. On Wednesday, an affiliate of Taylor Made Lending, a Pompano Beach-based hard money lender, sued King and three of his entities in Palm Beach County Circuit Court alleging he defaulted on three separate loans obtained between 2023 and last year, court records show.

Edens Revitalizes Downtown Palm Beach Gardens Development With 13 New Retailers, Capital Improvements

Edens has added a new wave of retailers to join the roster at Downtown Palm Beach Gardens, a 403,000-square-foot open-air retail center in Palm Beach Gardens. Recently opened concepts include Skin Laundry, MeTime Salon, TINA Stephens, ZOE Boutique and Vagabond Kids Apparel. Committed tenants that will open soon include Pura Vida Miami, Crew Factory, Sweathouz…

Construction Starts on ‘Gardens Vista’ at 12450 Central Boulevard in Palm Beach Gardens

Florida YIMBY has an update regarding a multi-family housing development we covered nearly 12 months ago. Our April 2024 report shed light on Gardens Vista, a 221-unit, four-story apartment complex in Palm Beach Gardens. Construction has now started on the venture, with general contractor Straticon aiming for a spring 2027 completion. The homes will occupy a 6.7-acre site…

Riviera Beach seeks developers for waterfront entertainment complex

After plans for a Margaritaville-branded hotel fizzled out, Riviera Beach’s Community Redevelopment Agency is once again seeking bids from developers to build a mixed-use commercial project on publicly owned waterfront land. Riviera Beach officials this week posted the new bid request on Bidnet Direct, an online platform for local government agency contract bids.

The Fed: State and metro employment: First quarter 2025

On April 18, 2025, the Bureau of Labor Statistics released the first quarter data for total nonfarm employees at the state and metro levels. At the state level, Texas led all states, adding 74,100 jobs in the first quarter. California had the largest decline, losing 54,800 jobs. The FRED map above shows the change in employment in each state during the first quarter. If you sum up the individual…

Florida legislative roundup: Here are real estate bills that passed and failed

In broad changes, the Florida Legislature passed bills related to condo safety laws enacted after the deadly Surfside condo collapse, and the state’s workforce housing law, known as the Live Local Act. The bills, both approved just before the legislative session closed late last week, now head to Gov. Ron DeSantis’ desk for final approval. Bills aimed at curbing mismanagement…

Aging Florida Condos Provide Developers With Strategic Opportunities

In the wake of the 2021 Surfside condominium collapse, Florida enacted sweeping changes that affect condominium governance, structural maintenance requirements, and reserve funding obligations. These changes have not only increased the financial burden on many older associations but have also created significant challenges—and opportunities—for developers and investors…

Florida Logs Some of the Biggest Apartment Supply and Demand Nationwide

Florida logged considerable apartment demand in the year-ending 1st quarter 2025, at a pace that overtook sizable new supply volumes. Sun Belt states Texas and Florida have seen massive apartment delivery volumes over the past few years, spurred by sizable in-migration volumes and economic growth. Florida logged delivery of over 80,000 new apartments in the year-ending…

What Is A Bonded Warehouse? Here’s What Shippers Need To Know

Shippers of all stripes have scrambled for the last month as the Trump administration’s blistering tariff regime came into clearer focus, seeking ways to blunt the impact of steep levies imposed on every major trade partner. One solution in particular has emerged, with industrial users hunting for access to a small and dwindling pool of property. The sought-after spaces…

MG Developer Obtains $105M Construction Loan for Multifamily Development in Hialeah

MG Developer has obtained a $105 million construction loan for Metro Parc South, a 347-unit apartment community located at 954 and 934 E. 25th St. in Hialeah, a suburb of Miami. The multifamily project will be part of MG Developer’s 2.3 million-square-foot Metro Center master project that also includes the 10-story Metro Parc tower, the 55-unit Metro Station and the 620-unit…

MG Developer lands $105M construction loan for Hialeah multifamily project

MG Developer will soon break ground on a Hialeah multifamily project after scoring a $105 million construction loan. Scale Lending, a joint venture between Slate Property Group and The Carlyle Group, provided the financing for Metro Parc South, a planned 10-story building with 347 apartments at 954 and 934 East 25th Street, a press release states. Coral Gables-based MG Developer…

Goal! Jorge Mas, David Beckham, Ares score $450M construction loan for soccer stadium

Billionaire Jorge Mas, David Beckham and Ares Management nabbed a $450 million loan for a planned soccer stadium in Miami that is already under construction. It marks the largest construction loan in South Florida so far this year. The partnership developing the $1 billion Miami Freedom Park, a massive mixed-use project anchored by a new 25,000-seat home for Inter Miami…

Pinnacle Opens 215-Unit Affordable Housing Community in South Miami-Dade County

Miami-based Pinnacle has opened Pinnacle at Tropical Pointe, a new 215-unit affordable housing community located at 25155 S.W. 136th Ave. in Princeton, a city in south Miami-Dade County. The property features a mix of one- to four-bedroom apartments spread across six garden-style buildings, with amenities including a swimming pool, fitness center, business center and a playground.

i5 Wynwood Nears Full Lease-Up, Advancing Co-Living Model in Miami’s Urban Core

Leasing activity at i5 Wynwood continues to advance, with the co-living development now reportedly 90% leased less than a year after its market debut. Located at 51 NW 28th Street in the Wynwood Arts District, the nine-story project represents Miami’s first purpose-built co-living community and was developed by Related Group in partnership with W5 Group.

Pérez family’s Related proposes 800-plus-unit Live Local Act project at Jackson Memorial Miami campus

The Pérez family’s Related Group proposes an 842-unit Live Local Act project with a hotel at Jackson Memorial Hospital’s campus in Miami. Coconut Grove-based Related’s affordable housing arm wants to develop a 27-story tower with 460 apartments on a parking lot at 1165 Northwest 11th Street and an adjacent 31-story tower with 382 units replacing a garage and medical…

‘Twenty Sixth & 2nd Wynwood Residences’ Proposed for 201 NW 26th Street in Miami

Property Markets Group (PMG) and LNDMRK Development have announced plans for a unique housing development in Miami. Twenty Sixth & 2nd Wynwood Residences will measure eight stories, offering fully-furnished 233 residences and offices that owners could rent out through Airbnb. Sources share that the studio, junior suites, and one-bedroom units would span about 400 to 760 sf…

In Park West, Two Cranes Planned To Rise Over 500 Feet

Plans for two temporary construction cranes have been submitted to the Federal Aviation Administration. The cranes are proposed for the 38 West Eleventh Residences site, where foundation work is underway. In the filings received by the agency earlier this month, the cranes are both proposed to rise over 500 feet. The first crane is proposed at 550 feet above ground, or 562 feet above sea level.

Developer Of 70-Story Brickell Tower Calle 8 Seeks Clarity On Rental Flexibility

The developer planning Brickell’s 70-story Calle 8 tower has filed a Zoning Verification Request with Miami-Dade. Miami-Dade recently approved the property for a mixed-use development with 464 residential units, a 75,736 square foot performing arts venue, and 28,599 square foot of commercial space. The developer is asking for confirmation from the county that residential…

82-Story Downtown Miami Development Site on Biscayne Blvd Being Marketed

A development site in downtown Miami is being marketed, according to a press release. Hilco Real Estate said it has been retained to market the property. The property is on Biscayne Boulevard, and a Holiday Inn is currently operating there. Renderings show an 82-story tower on the site. A bankruptcy case was filed several months ago by the owner of the hotel…

Downtown Miami hotel planned for 82-story redevelopment hits market

Four months after filing for bankruptcy on his downtown Miami hotel, Brazilian investor Gilberto Bomeny put the storied building planned for a massive redevelopment on the market. Bomeny is open to options for the Holiday Inn Port of Miami-Downtown at 340 Biscayne Blvd, including selling the site, securing a debt or equity investor to refinance the $70 million loan that defaulted…

Report: New York City Lost Billions In Income To Miami

Tens of thousands of New Yorkers with a combined billions in income have moved from New York to the Miami area in recent years, according to a new analysis. The study analyzed IRS and other data, and was first reported on by Bloomberg. Here’s how many moved from New York City to the Miami area between 2018 and 2022, and their combined income…

Top 5 Office Projects Under Construction in Miami

Miami’s office construction activity continued solid performance recorded throughout 2024. During the first three months of the year, the metro’s pipeline consisted of 2.5 million square feet of space across 16 properties, according to CommercialEdge data. This accounted for 3.1 percent of its existing stock, above the national average of 1 percent. The following list consists…

Women’s Cancer Center rising at Baptist Health ~ 155k sf

Construction is visibly underway on the Al and Jane Nahmad Women’s Cancer Center at Baptist Health’s main campus in Kendall, where metal beams and early framing are rising on the southwestern portion of the property. The 155,000-square-foot outpatient facility, which broke ground last fall, is slated for completion by the end of 2026. It will expand the capabilities…

Push aims to get behind-schedule Metromover upgrades on track

A behind-schedule upgrade of the Metromover transit system is seeking ways to get its timetable back on track while it continues to disrupt downtown mobility to let the county finish a long list of upgrades, a spokesman says. In the past four months, the county has been overhauling the hydraulics that let the rubber-tire trains switch guideways, upgrading the power…

Carlos Migoya: Steers Jackson Health System through funding uncertainties

Carlos Migoya has served as president and CEO of Jackson Health System since May 2011, overseeing one of the nation’s largest and most respected public healthcare networks.  Mr. Migoya said Jackson has the distinction of bringing world-class medical care – including the medical school faculty and students from the University of Miami and Florida International University…

Allapattah development agency up to county now

Allapattah is on the cusp of major change after city leaders signed off on the official redevelopment plan for one of Miami’s most historic yet overlooked neighborhoods. On April 24, The Miami City Commission approved the Community Redevelopment Agency (CRA) Plan for Allapattah, paving the way for long-term investment in affordable housing, infrastructure and economic…

PMG Secures $413M Construction Loan for One Twenty Brickell Residences in Miami

PMG has secured a $413 million construction loan for One Twenty Brickell Residences, a two-tower condominium and apartment development located at 120 S.W. 8th St. in Miami’s Brickell Financial District. Christopher Peck, Brian Gaswirth, Nicco Lupo, Nick Lavin, Jimmy Calvo and Paul Adams of JLL arranged the financing through an Ares Real Estate fund…

PMG lands $413M construction loan for Brickell towers, marking largest financing in South Florida so far this year

PMG scored a $413 million construction loan for its planned two-tower development in Brickell, marking the largest financing in South Florida so far this year. Ares Management and Monarch Alternative Capital are teaming up to finance One Twenty Brickell Residences, the complex PMG plans to build at 120 Southwest Eighth Street, according to a press release. It follows just weeks…

MG Developer Secures $105 Million in Construction Financing for Metro Parc South in Hialeah

Miami-based MG Developer has announced the securing of $105 million in construction financing for Metro Parc South, a forthcoming 347-unit transit-oriented multifamily development in Hialeah, Florida. The project is part of the larger Metro Center master plan and will be developed with financing provided by New York-based SCALE Lending, the lending arm of Slate Property Group.

Live Local Act amendment threatens Art Deco, MiMo buildings: Miami Beach officials

Imagine a world where developers would be allowed to bulldoze historic Miami Beach buildings designed by famous architects such as Morris Lapidus, Lawrence Murray Dixon and Henry Hohauser. That’s the alarm Miami Beach elected officials are sounding if changes to Florida’s Live Local Act don’t include protections for historic Art Deco, Miami Modern (MiMo)…

Northlink launches sales for short-term rental-friendly North Miami Beach condos

Northlink Capital is launching sales for a planned short-term rental-friendly condo project in Miami Beach’s North Beach neighborhood. Prices at 7200 Collins, the 12-story, 222-unit building planned at 7200 Collins Avenue start at $600,000, according to a press release. New York City-based Northlink, led by Robert Rosenthal, tapped OneWorld Properties…

Photo: Construction Progress At Brickell’s Una Tower

Construction is continuing at Una Residences in Brickell, which topped off last year. The 47-story, 579 foot tower is one of the tallest in that part of Brickell. It is being designed by Adrian Smith + Gordon Gill architects. Una will include around 135 residential condos. Construction for the project began in the fall of 2020, with contractors working to build the deepest and most expensive…

39-Story Isle of Dreams Planned With Sweeping, ‘Innovative’ Design for North Bay Village

Plans for a 39-story, 450-foot tower called Isle of Dreams have been submitted to Miami-Dade’s Shoreline Review Committee. Isle of Dreams will have an innovative architectural design that “not only creates a landmark entry to the island but also sweeps the building mass away from the waterfront to avoid the “walled off” effect typical of some waterfront developments,” according…

Garage Demolition Nearly Complete At One Bayfront Plaza

Demolition of the retail and garage structure at One Bayfront Plaza appears to be nearing completion. The next phase will be demolishing the 19-story tower that was attached to the garage. Demolition of the nearly 70-year-old structure in the heart of downtown Miami began in 2023. The owner of the property is planning a supertall, landmark 1,049-foot tower on the site, with offices…

Exterior Work Advances on Viceroy Brickell at 77 SE 5th Street in Miami’s Financial District

Exterior work continues to advance on Viceroy Brickell – The Residences, a 45-story residential tower underway at 77 SE 5th Street along the Miami River and Brickell Avenue. The project is being developed by Related Group and GTIS Partners, in partnership with hospitality brand Viceroy Hotels & Resorts. Arquitectónica is serving as the architect, with interiors by Meyer Davis…

41-Story ‘Wynwood Tower’ Proposed for 330 NW 37th Street in Miami

A 41-story tower has been proposed under the Live Local Act for Miami’s Wynwood Norte neighborhood. Wynwood Tower would comprise about 400,000 square feet of new construction, offering 234 residences. There would be studio to two-bedroom apartments, measuring 400 to about 890 square feet, along with a 9,749-square-foot penthouse. Currently, the 0.56-acre site is zoned…

Two New Brickell Towers About To Break Ground, With $413M Loan Secured

Two Brickell towers will break ground shortly, after the developer secured a massive construction loan for them. Groundbreaking is planned this week, with completion expected in 2028. The construction loan amount is $413 Million. The towers will rise 37 and 41 stories, and share a podium. The first tower, known as One Twenty Brickell Residences, will include 266 condos…

24-Story 400-Unit Live Local Development with Micro Units Proposed Near Metrorail

Plans have been submitted to Miami’s Urban Development Review Board for a live local tower in Allapattah. The property is about a five minute walk from both the Santa Clara Metrorail station and from the Rubell Museum. The new tower is planned to rise 24 stories and include: 400 multifamily residential units (including around 40 micro units) 17,800 square feet…

Miami’s Brickell props up South Florida’s office market in first quarter

Class A demand in Miami’s Brickell and West Palm Beach propped up South Florida’s office market in the first quarter. Landlords experienced positive signs, such as rising average asking rents, and vacancy rates ticked down even as the tri-county region experienced a glut of new inventory, a JLL report shows. Some developers are pulling back by either canceling…

Photo: Glass Installed At 65-Story E11EVEN Residences Beyond

The first glass was recently installed at the 65-story E11EVEN Residences Beyond tower in Park West, photos shows. The tower is planned to top off at 699 feet above ground, or 709 feet above sea level. It will include around 558 residential units, 7,119 square feet of bar or lounge space, and 21,611 square feet of retail. Two E11EVEN towers are under construction on the same block…

Miami board approves Braman Motors’ Edgewater auto building, Ex-MLB player’s Live Local Act tower in Wynwood Norte

A Miami board approved Braman Motors’ 11-story automotive building in Edgewater and former professional baseballer Alex Guerrero’s apartment tower in Wynwood Norte. But the board tied on Acre’s proposed multifamily project near Miami’s MiMo Biscayne Boulevard Historic District. At their Wednesday meeting, members of the Miami Urban Development Review Board…

Michael Stern’s JDS scores upzoning approval to build South Beach condo tower

The Miami Beach commission granted Michael Stern’s JDS Development Group and Gianluca Vacchi’s GV Development Group initial approvals on an upzoning for a planned luxury condo tower in South Beach. Commissioners unanimously passed on first reading zoning amendments that will allow the developer to build a taller and slimmer tower on the site at 1250 West Avenue.

First Direct Wallet-to-Wallet Cryptocurrency Real Estate Sale Completed at The Rider Residences in Miami

Miami-based developers Rilea Group and Cipres have announced the completion of the first direct wallet-to-wallet cryptocurrency residential sale at The Rider Residences, a 12-story, 146-unit residential building under construction at 94 NE 29th Street, situated between Midtown Miami and Wynwood. The transaction involved the sale of an east-facing studio spanning 391 sf…

Hialeah affordable housing incentives get initial green light

Developer-driven legislation in Hialeah to reward more density to projects that set aside apartments for low-income residents is likely to win final approval. On Wednesday, the Hialeah City Council unanimously approved on first reading an ordinance that gives developers up to an additional 25 units per acre if they designate 15 percent of a project’s units for tenants who earn up to 60…

‘Grand Hyatt Miami Beach’ to Complement Nearby Convention Center at 17th Street and Convention Center Drive in Miami Beach

With sitework already complete, developers Terra and Turnberry are advancing on a 17-story hotel in Miami Beach. Originally approved in 2018, Grand Hyatt Miami Beach will feature 800 rooms spanning 12 floors. A press release shares that of those rooms, 52 will be luxury guest suites. There will also be four floors with event and ballroom space. Communal amenities will include…

Deep-Soil Mixing Process Set to Begin at The Delmore in Surfside, Miami

Construction continues at The Delmore, where DAMAC International has announced the upcoming commencement of the deep-soil mixing (DSM) process for its 12-story, ultra-luxury oceanfront condominium project at 8777 Collins Avenue in Surfside, Miami. The Delmore represents DAMAC’s initial foray into the U.S. market and is positioned within Miami’s…

Freehold Capital pays $32M for dev site approved for 309 townhouses in south Miami-Dade

Legacy Residential Group and CD Group sold a development site near Florida City for $31.6 million, scrapping their plan for 309 rental townhouses. Boston-based Freehold Capital Management bought the 50-acre land assemblage on the southeast corner of Southwest 344th Street and Southwest 199th Avenue in unincorporated Miami-Dade County, according to records.

$7.6M Sale of Flex Office Building at 6405 NW 36th Street in Miami Brokered

Cushman & Wakefield has brokered the $7.6 million sale of the Avex Building, a 48,881-square-foot, multi-tenant flex office and warehouse building located at 6405 N.W. 36th St. in Miami. Miguel Alcivar, Scott O’Donnell, Greg Miller and Mike Ciadella of Cushman & Wakefield represented the seller, Taha Properties, in the transaction. Joseph Suarez of Trustpoint Realty LLC….

Construction Underway at ENSO, an 8-Story, 85-Unit Multifamily Development in Miami’s The Roads Neighborhood

Construction is officially underway at ENSO, an eight-story boutique multifamily residential development located at 3025 SW 3rd Avenue in Miami’s historic The Roads neighborhood. Developed by Empira Group, the 85-unit project marks a significant addition to the Coral Way corridor, positioned between the urban cores of Brickell and Coral Gables. Designed to blend timeless…

Live Local Tower Planned Near Metrorail With ‘Dramatic’ Nighttime Lighting

Miami’s Urban Development Review Board was scheduled to review a proposal for a new tower called Aurea at a meeting yesterday. The development site is about a seven minute walk from the Culmer Metrorail station. Aurea is planned to rise 29 stories, or 310 feet, and include: 352 residential multifamily units 3,611 square feet of ground floor commercial 291 parking spaces…

Photos: Glass Installed at Domus Brickell Park Development With 171 Units

Photos show the Domus Brickell Park development, which topped off earlier this year. The 12-story development will include 171 fully furnished, short-term friendly units. The building is on track to obtain a temporary certificate of occupancy by the end of 2025, with its hotel and residences on schedule to open in Q1 of 2026. North Development is the developer. …

Photo: Six Cranes On One Downtown Miami Block

There are now six cranes in place on a single block in downtown Miami, where four towers are being built. The four towers under construction on the block include: Okan Tower, planned to reach 70 stories, or 902 feet. It will include a 316-key Hilton hotel, 236 condo units, 163 Sky Residences, and 64,000 square feet of office space Downtown 6, planned to rise 58 stories…

Utilities Deal Completed For Brightline Bridge To Aventura Mall

Brightline’s bridge to Aventura Mall got a boost earlier this month with the completion of a utilities relocation deal with Miami-Dade. The agreement was dates April 9, and is between Miami-Dade’s Water & Sewer Department and an entity owning  a parcel on the east side of Biscayne Boulevard, next to Aventura Mall. Once complete, Brightline passengers will be able to use…

North Miami’s 7th Avenue corridor eyes major revitalization

Since opening in 2020, outdoor entertainment venue The Nomi Village has hosted numerous community events in North Miami. However, according to owners Aston McEwan and Vic Jean Claude, attracting visitors from surrounding municipalities has been difficult. “Updating the area and bringing different things to attract different people into the community — that’s needed…”

Census: Miami Moves up to 6th Place on Biggest Metros List

The metro areas of both Miami and Washington D.C. have leapfrogged metro Atlanta in terms of overall population, bumping Georgia’s capital city back to No. 8 on the list of largest metros in the country, according to Vintage 2024 estimates of population totals and components of change recently published by the U.S. Census Bureau. Last year, the 2022-2023 version…

Lease roundup: Restaurateur Jay Shirodkar plans steakhouse in Flagler Village, CDS Realty lands office tenants in Hollywood

Prominent restaurateur Jay Shirodkar, known for his Naked Taco venues in South Florida, plans a new dining concept in Fort Lauderdale. Shirodkar will open the 9,500-square-foot Jay’s Steakhouse at 441 Northeast Third Avenue in the Flagler Village neighborhood, according to the broker’s news release. Shirodkar is president of Yes Hospitality Group.

Coral Gables History: The Birth of The City Beautiful

According to a report by Bloomberg in April 2024, Coral Gables is the most expensive and sought after neighborhood in the U.S. and the third-most expensive city in the world. In addition to Coral Gables, Florida has seven of the nation’s wealthiest neighborhoods, and, since the pandemic, Florida has become the fastest growing state in the Union. But, ironically, for most of its history…

Florida Man Arrested Decades After 1986 Killing of Beloved North Miami Real Estate Developer Who Was Shot in Office

Florida authorities have made an arrest in the 1986 cold case murder of a successful commercial real estate developer. Jeffrey Taylor, 64, was taken into custody Thursday, April 24, in connection with the killing of 49-year-old Shirley Brant. He is charged with second-degree murder with a firearm. “The resolution of this case reflects our department’s commitment to justice…

Coral Gables History: George Merrick was a Man with a Plan

Twenty-five years into the 20th century, Florida real estate developer George Merrick rode the national wave of optimism following the end of WWI and achieved his long-standing goal of creating a new resort destination in the heart of the American tropics. Coral Gables was on the map. Merrick was not alone among the country’s developers in seeing opportunity in the creation…

Raanan Katz jumps onboard Publix buying spree, pays $16M for Miramar site

Raanan Katz is getting in on the Publix action. His Sunny Isles Beach-based RK Centers paid $16.4 million for a Miramar shopping center anchored by the popular supermarket. An RK affiliate picked up Shoppes at Monarch Lakes at 14303 Miramar Parkway, records and real estate database Vizzda show. The deal breaks down to $247 a square foot for the 66,481-square-foot…

33,827 SF Office Lease Arranged for MSC Cruises in Fort Lauderdale

Cushman & Wakefield has arranged a 33,827-square-foot lease for MSC Cruises USA, the North American arm of the Geneva, Switzerland-based international cruise line, at BayView Corporate Tower in Fort Lauderdale. MSC Cruises USA will expand its office by 15,000 square feet, using the sixth floor of the tower to house its finance, outbound sales, IT and human resource teams.

Miami-Based Developer Proposes 300 Apartments for 7510 West Sunrise Boulevard in Sunrise

Developer Plantation B2 LLC hopes to get approval for an apartment complex that would take shape in the parking lot of Chewy’s headquarters in Sunrise. The Miami-based firm has proposed a six-story, 300-unit apartment building. Homes would span studio to three-bedroom floorplans, and 20 percent of them (60) would be reserved for tenants earning up to 120 percent…

Six-story hotel to replace aging, single-story motel on U.S. 1 in Dania Beach

A developer won city approvals to replace an aging, single-story motel on U.S. Highway 1 in Dania Beach with a six-story, 79-room hotel that would affiliate with an extended-stay hotel chain. The Dania Beach City Commission voted 3-2 last week to approve a site plan for the hotel development, plus two zoning variances related to trees and landscaping, two variations from design…

Morgan picks up waterfront Deerfield Beach dev site four years after initial offer

Morgan Group paid $12 million for a waterfront Deerfield Beach development site, four years after an initial $16 million deal fizzled for the same property. An affiliate of Morgan, a Houston-based multifamily development firm led by Phillip Morgan, acquired four parcels totaling 8.4 acres at 412 to 450 North River Drive, 414 to 480 Northeast First Avenue, 409 North River Avenue…

Butters sells Delray Beach dev site for $20M where buyer plans new HQ

Butters Group sold a development site in Delray Beach for $20 million, where the buyer is building a new headquarters. Hoerbiger Corp. of America, led by CEO Thorsten Kahlert, bought the 14.2-acre property at 9888 West Atlantic Avenue from an affiliate of Coconut Creek-based Butters, led by Malcolm Butters, records and real estate database Vizzda show. The site is within…

West Palm Beach medical office and retail plaza sells for $18M

An entity managed by broker Kenneth J. Mantovani III bought a medical office and retail plaza in West Palm Beach for $18 million. Mantovani purchased the commercial center at 8120, 8132, 8136, 8140, 8144, 8146 and 8170 Okeechobee Boulevard from an entity managed by Richard, Patricia, Grant and Tucker Elliott, according to records. The buyer borrowed $17.6M…

Index scores approval for 323-unit multifamily project with workforce apartments in West Palm Beach

A developer scored approval for a 323-unit multifamily project in West Palm Beach that will include workforce apartments. Index Investment Group, a Jupiter-based firm that was founded in Sweden, plans the 12-story Oasis Tower on a 2.2-acre vacant site at 1415 Centrepark Boulevard, according to West Palm Beach’s commission agenda. On Monday, West Palm…

Can Don King’s 52-acre Palm Beach County site fetch $100M-plus offers?

Don King is stepping back into the real estate ring by listing 52 acres in Palm Beach County’s Mangonia Park where previous attempts to develop the property fizzled out. The former Palm Beach Jai Alai fronton site at 1415 45th Street owned by the iconic boxing promoter recently hit the market without an asking price, The Real Deal has learned.

Marriott to Acquire CitizenM Hotel Brand for $355M

Marriott International has reached an agreement to acquire the brand and related intellectual property of citizenM, a hospitality brand based in the Netherlands. The deal is valued at $355 million. The citizenM brand comprises 36 open hotels spanning 8,544 rooms, with properties located in cities such as Paris, Rome, London, New York City and Miami. There are three more…

How Tariffs Impact Retail Foot Traffic

Retail shopping foot traffic hasn’t just recovered, it’s accelerating, according to recent data for April from pass_by. The ongoing news about import tariffs is a factor, according to the survey firm. Not all agree. Some point to the Easter holiday, the 3.6 percent rise in income tax rebates this spring, and Wall Street chatter that is louder than that heard on Main Street.

Self-Storage: So Far, So Good.

2024 certainly wasn’t a standout year for self storage. Lower home sales led to fewer movers, and fewer movers meant reduced demand for storage space. Now, 2025 has brought its own challenges. Home sales still haven’t returned to their long-term averages, and the combination of tariff uncertainties and looming recession fears is causing businesses to hesitate…

U.S. Apartment Market Sees Strong Leasing Momentum

The U.S. apartment market saw strong momentum in new lease trade-out in the first three months of 2025. The month-over-month change in new lease trade-out ranked consistently around 1.4% in January, Febraury and March. While this time frame historically is a strong one for the U.S. apartment market, early 2025’s momentum was the strongest in at least three years.

Tariffs Add to Q1 Industrial Challenges; All Sectors See Constrained Development

The end of the first quarter of 2025 saw market uncertainty in the face of new U.S. trade and tariff policies combined with an unclear geopolitical outlook, according to Lee & Associates’ 2025 Q1 North America Market Report. The effect of these concerns within the commercial real estate world are most evident in the industrial sector, which is also contending…