Tomas Regalado’s office is suing Simon Property Group, Blackstone, Swire, Royal Caribbean and several prominent condo developers Miami-Dade Property Appraiser Tomas Regalado is seeking higher market valuations for a handful of signature properties and development sites in the county. During a two-day span of July 29 and July 30, the property appraiser’s office filed…
Robert Rivani lands Playboy HQ for Miami Beach office building
Late Hugh Hefner’s iconic, yet diminished brand signed 10-year lease for 20K sf penthouse suite Playboy will take its ongoing makeover from Los Angeles to Miami Beach, as the once-iconic brand is moving its headquarters to Robert Rivani’s office building. PLBY Group, the Los Angeles-based publicly traded company that owns Playboy magazine, its website and its trademarks…
Playboy Relocating Its Global Headquarters To Miami Beach
Another company is moving its headquarters to Miami. Playboy has signed a lease at the Rivani Miami Beach building, just off Lincoln Road. In addition to the new offices, the company is developing a new Playboy Club in Miami Beach with a leading hospitality company. It will include a restaurant, alongside a members-only space inspired by the Playboy Mansion.
Playboy Relocates Global HQ to Miami
The Lincoln’s conversion into The Rivani marks the launch of Robert Rivani’s flagship office project, introducing a new standard for amenitized commercial space in Miami Beach.Image courtesy of RIVANI Playboy has signed a 10-year lease at The Rivani, a 161,448-square-foot, Class X office building in Miami Beach, Fla. The company will relocate its global headquarters…
Baptist Health South Florida beefs up portfolio with Kendall medical office purchase
Hospital chain paid $14M for two-story building near its main campus Baptist Health South Florida continued expanding its real estate holdings with an office building purchase in Kendall. Coral Gables-based Baptist Health, led by CEO Bo Boulenger, paid $14.2 million for the two-story medical office building at 9090 Southwest 87th Court, a press release states.
Developers plan luxury condo project on former Salvation Army lot in Wynwood
Alchemy Properties previously planned apartments, now expects to launch sales of 186-unit condo project next year Alchemy Properties is moving forward with plans for a luxury condo project on the former Salvation Army property in Miami’s Wynwood neighborhood, The Real Deal has learned. The developer is teaming up with Jason Haim’s Miami-based Breakers Capital…
Keith Menin sells Miami-Dade taco joint spaces for a gain
Keith Menin made gains selling a pair of commercial spaces in Coral Gables and Coconut Grove leased to his Bodega Taqueria y Tequila chain. An entity controlled by Menin… recently sold a single-story building with two retail units at 315-317 Miracle Mile in Coral Gables for $5.1 million… also brokered the recent sale of a two-story commercial building at 3419 Main Highway in Coconut Grove…
Real estate investor George R. Johnnides is the buyer Investor Babak Ebrahimzadeh sold an office building and an adjacent garage with mixed-use development potential in Riviera Beach’s Singer Island for $16.5 million. Ebrahimzadeh, through his Miami-based Master Mind, sold the Ocean Blue property consisting of a five-story office building and three-level garage at 2655 North Ocean Drive…
Also, Wagyu House and others are expanding to Hallandale Beach’s Atlantic Village A 2-acre padel club will open at a planned $2 billion mixed-use development at Midtown Miami, reportedly marking the largest padel venue in the U.S. Ultra Padel will open the Ultra Club Midtown pop-up venue with 11 outdoor courts, three children’s courts, a food and beverage concept…
The Weekly Dirt: Developers bail on South Florida’s multifamily boom
Developers are opting to sell their entitled sites, likely due to high costs The cycle for new multifamily construction is ending, and owners of multifamily development sites are looking for an out. It makes sense. Many developers are putting their sites up for sale following a period of rapid growth fueled by the pandemic boom. Then came the slowdown, brought by unsustainable costs…
Meta Development scores $28M loan to build Coconut Grove condos
Miami-based firm is planning Opus, a six-story building with 14 units, including two penthouses Meta Development scored a $28M construction loan to build Opus, a planned 14-unit boutique condominium in Coconut Grove. Los Angeles-based Arixa Capital provided the financing to Miami-based Meta, a joint venture between Lucid Investment Group, also based in Miami…
Lore plans 402 apartments at former JWU campus in North Miami
Joint venture between Leste Group and Brazilian firm Opportunity Fundo de Investimento Imobiliário paid $26M for dev site Jorge Rucas of Leste Group, Lore Development Group’s Stephan de Sabrit and Opportunity Fundo de In… Lore Development Group plans a 402-unit apartment project on a portion of the closed Johnson & Wales University campus in North Miami…
Swerdlow buys 2-acre Miami dev site for its 5,000-plus-unit workforce, affordable project
Firm plans to redevelop five public housing complexes in the Little River neighborhood Swerdlow Group bought a nearly 2-acre development site in Miami’s Little River neighborhood for $11.5 million. The property will be part of Swerdlow’s planned 5,000-plus unit affordable and workforce multifamily redevelopment of several public housing complexes in Little River.
Fully presold 22-unit, 18-story condo now expected to be completed in 2027 Billionaires Vlad Doronin and Len Blavatnik’s delayed Aman Miami Beach is moving forward with new mezzanine financing. Records show the developer secured $85 million in mezzanine debt for the property in early August from Aman Miami Beach Mezz LLC, which is an affiliate of New York-based…
Facing foreclosure, Miami Beach hotel owner sues Wells Fargo
Z Ocean Hotel ownership entity allegedly defaulted on bank’s $12M loan Hit with foreclosure complaints from two separate lenders, the owner of a Miami Beach hotel is suing one of them for alleged fraud, unjust enrichment and breach of contract. On Aug. 1, an entity managed by investor Luis Taic sued Wells Fargo Bank in Miami-Dade Circuit Court.
Site Work Permit Issued For Santander Tower At 1401 Brickell Avenue
Miami’s Building Department has issued a site work permit for Santander Tower, a 41-story office development planned at 1401 Brickell Avenue in the city’s Financial District. The permit, issued on August 14, allows for excavation, piles, site and soil improvement work, and lists an estimated total cost of $3,000,000. Applications for a phased vertical permit and a master…
UHealth At SoLé Mia Set To Open This Fall In North Miami
UHealth at SoLé Mia is preparing to open this fall within North Miami’s 184-acre master-planned community. The seven-story, 363,000-square-foot ambulatory campus will be the University of Miami’s largest outpatient medical facility, designed with patient experience and long-term quality of life at the forefront. The center integrates biophilic and human-centric design principles…
‘Biscayne North Miami’ Slated for Former Site of J&W Campus in North Miami
Nearly four years after the closure of Johnson & Wales University’s campus in North Miami, a joint venture firm hopes to move forward with a residential development. Lore Development Group intends to proceed with an eight-story apartment building with 402 market-rate rental homes. The Real Deal reports that floorplans would include studio to three-bedroom apartments.
Magic City Innovation District Building Height Gets FAA Approval
The Federal Aviation Administration yesterday issued height approval for the SIXTY Uptown Magic City apartment building planned in the Magic City Innovation District. The determination letter was issued on August 19 to developing entity MCID Parcel 11, LLC. According to the letter, a permanent height of 295 feet above ground, or 309 feet above sea level, does not represent…
ORA By Casa Tua Files For Eb-5 Designation
The developers planning the 78-story ORA by Casa Tua tower in Brickell are adding an option that may be appealing for some buyers. Developer Fortune International Group said it filed with the USCIS for designation under the EB-5 Immigrant Investor Program and is now accepting EB-5 investments. Under the U.S. EB-5 Program, investments of $1,050,000 may lead to eligibility…
Fortune seeks EB-5 investors for Ora by Casa Tua Brickell tower
Developer launched sales of 533-unit short-term rental-friendly condo-hotel project in 2023 Edgardo Defortuna’s Fortune International Group is tapping the EB-5 investor visa program to help fund its Ora by Casa Tua condo-hotel tower planned in Miami’s Brickell. The developer filed an application for EB-5 designation with the U.S. Citizenship and Immigration Services…
Phased Vertical Permit In Review For 70-Unit Wynwood One
Several construction permits are now in process for a development called Wynwood One. According to MKDA, which is serving as architect of record and interior designer, the building will have residential style hotel units. According to an initial master construction permit filing submitted in December 2023, there will be 70 apartment-hotel units, with 49,320 square feet of apartment-hotel…
65-Story Summit Brickell In ‘Last Mile’ Before Construction
A partner the 65-story Summit at Brickell has provided a development status update. The partnership is now in the “last mile” of reviews and permitting prior to the start of construction, according to The Real Deal. An exact construction start date was not provided. Zoning review of the tower was completed by Miami-Dade in late 2024. The FAA also approved 989 foot…
Photos: Downtown Miami’s Cultural Center Plaza
Photos by Phillip Pessar show the Miami-Dade Cultural Center Plaza in Downtown Miami earlier this week. The plaza was completed in 1983 and has nearly an acre of tiled area, according to the Herald. It was designed by famed architect Phillip Johnson, who was selected for the project in 1972. Johnson was said to have been inspired by Italian architecture and Vizcaya…
Interior Buildout Now Underway At Topped-Off 2200 Brickell
Interior buildout is now underway at the 2200 Brickell luxury condo development, according to contractor Ortega Construction Company. A top off ceremony for the mid-rise building took place in May. A groundbreaking ceremony took place in March 2024. The five story building is planned to include 105 condos, priced from $1.2 million. ODA New York is overseeing interior design…
Miami-Dade’s jobless rate ticks up sharply
Miami-Dade’s unemployment was 2.8% in July, up sharply from 2.4% in June, the Florida Department of Commerce reported. The state’s lowest unemployment in July among metropolitan statistical areas remained in the Miami-Fort Lauderdale-West Palm Beach area at 3.4%, up from 3.2% in June. Florida’s unemployment held at 3.7%, with a state economist saying demand…
Site Work Permit Issued For Brickell’s Tallest Office Building
Miami’s Building Department has issued a site work permit for the Banco Santander development site in Brickell. The site work permit was issued on August 14. A phased vertical permit and a master construction permit are still in process. Demolition of a smaller office building on the site began last summer, after a demolition permit was issued in July 2024.
Demolition Of Edgewater Condo Building May Go To Florida Supreme Court
Florida’s Supreme Court may end up deciding if an Edgewater condo building can be demolished, according to Realtor.com. Two Roads Development has asked the court to hear the case, the report said. That request is pending. The developer wants to build new luxury condo towers on the site. All but eight units in the old building are controlled by the developer.
First Level Poured For 630-Foot, RAMSA-Designed Tower In Brickell
Contractors have now completed multiple concrete pours for the first level of the St. Regis Residences in Brickell, according to Mickey C&C Concrete Pumping. The St. Regis Residences tower is planned to rise to a permanent height of 50 stories, or 630 feet above ground and 639 feet above sea level. It is being designed by by Robert A.M. Stern Architects, in a design that evokes…
A partnership between Tampa- based American Landmark Apartments and New York-based Clearline Real Estate has broken ground on 2000 Wynwood, a 310-unit apartment complex located in Miami’s Wynwood Arts District. Leo A Daly designed the project, which will feature luxury studios, one- and two-bedroom apartments, as well as 12,000 square feet of ground-floor retail space.
Florida’s Retail Evolution Is Paying Off
When asked what makes Florida appealing from a retail perspective, Steven Miskew, CEO of Southeast Centers, put it succinctly: “The good macro-economic drivers are here: population growth, lack of supply and low vacancy, all in a pro-business environment,” he said. As Miskew asserts, Florida’s population continues to swell as approximately 1,755 people move into the state daily…
‘Hamilton House’ Continues Construction at 640 N.E. 34th Street in Miami
Vertical construction is well underway for Hamilton House, a high-rise residential tower in Miami-Dade County. Upon completion, the 38-story tower will host 114 luxury apartments, with the average home spanning more than 2,500 square feet. In-unit amenities include nine to 10-foot-high ceilings and private terraces. In total, the venture will host just over 290,000 square feet…
CORE Sells Palmetto Plaza Retail Center in Miami Gardens for $46M
Core Palmetto, an affiliate of Core Investment Management, has sold Palmetto Plaza, a 186,095-square-foot retail center located in Miami Gardens, roughly 16 miles north of downtown Miami. The sales price was $46 million. Core originally acquired Palmetto Plaza in 2021 for $33 million.Aldi and Dollar Tree anchor the property, which was more than 95 percent leased at the time of sale.
Shoma Group Proposes ‘Ponce 8’ for 3850 SW 8th Street in Coral Gables
Developer Shoma Group has proposed a mixed-use development with affordable housing in Coral Gables. Ponce 8 would rise 16 stories, featuring both residences and commercial space. Regarding the residential aspect: current plans call for 201 apartments, 40 percent of which would be designated as affordable housing to gain incentives from the Live Local Act.
Miami Defends Last-Minute Changes to Proposed City Laws
The City of Miami’s practice of quietly modifying proposed legislation prior to a commission vote is permitted under law, officials insist, so long as the changes do not stray from what was “originally contemplated.” The City of Miami’s widespread but little-noticed practice of modifying local ordinances prior to a commission vote – without notifying the public – is rooted in a 2007…
Pardo to Host Workshop to Help Residents Work With City of Miami
Miami District 2 Commissioner Damian Pardo will host a free civic engagement workshop on Wednesday Aug. 20 aimed at helping residents partner more effectively with City of Miami officials in shaping public policy. The event will cover how to navigate city departments, understand ordinances and zoning, advocate constructively, and build…
Luxury Multifamily The Aurelian Set To Break Ground in Coral Gables Early 2026
Empira Group has acquired a property in Coral Gables, with plans to begin construction on a luxury multifamily development in early 2026. The new 12-story building will be known as The Aurelian, and include: 161 luxury residential units 5,000 square feet of public space and park with a child play area Parking garage with 248 spaces A bronze-cast sculpture designed by Michele…
‘Tasteful’ 17-Story Residential Building Planned On Collins Avenue
Plans gave been filed for a 17-story residential building in North Beach. The new development is proposed at 6985 Collins Avenue, and planned to include: 37 residential units 947 square feet of retail 86 parking spaces, with two floors of garage Kobi Karp is the architect. “The Project’s massing, materials, and form are responsive to the context of the neighborhood and compatible…
Developer could fill 207-acre lake in Miami-Dade for massive project
Prologis (NYSE: PLD) could build one of the largest new industrial projects in Miami-Dade County, but the development would require the landowner to fill a man-made lake. The City Council will consider the site plan by White Rock East Development LLC, managed by Christopher Vecellio in Palm Beach, on Aug. 19. It is also seeking a height waiver to build up to 95 feet…
Vertical Construction Now Underway on Aman Residences in Miami Beach
Vertical construction is now underway at 3425 Collins Avenue on Aman Residences, Miami Beach. Designed by Kengo Kuma and developed by OKO Group and Access Industries, the 18-story tower marks a significant milestone as the structure begins to rise above grade. Top-off is anticipated in early 2026, with delivery on schedule for 2027.
Trammell Crow scores $66M construction loan for 338-unit apartment complex in Margate
Trammell Crow Residential scored a $66.4 million construction loan for a 338-unit apartment complex in Margate. The deal comes as financing for new South Florida residential projects continues to flow, despite elevated interest rates, slower lease-ups and other headwinds. Dallas-based Trammell Crow, the multifamily development arm of Crow Holdings…
The Breakers plans workforce housing in West Palm Beach
Eight-story, 155-unit apartment building will serve hotel’s temporary workers The Breakers is planning an eight-story, 155-unit apartment complex in West Palm Beach to house its workers. The iconic Palm Beach hotel has seen the writing on the wall about the lack of affordability in Palm Beach County, the Palm Beach Post reported.
Steve Ross-backed Wellington private school to open in 2028
Wingrove Academy will serve grades PreK-12, totaling 1,700 students A private school planned for Wellington’s K-Park and backed by billionaire Related Ross Chairman Steve Ross is set to open to students in 2028. Wingrove Academy will be operated by West Palm Beach-based ElevatED and will enroll PreK through eighth grade beginning in August 2028…
AvalonBay drops $98M for 270-unit apartment complex in Coconut Creek
Bainbridge Companies, Rockwood Capital sell property for $364K per apartment AvalonBay Communities bought a 270-unit apartment complex in Coconut Creek for $98.3 million, marking an uptick in South Florida multifamily investment sales. Arlington, Virginia-based AvalonBay bought the property at 5401 Wiles Road from an entity tied to Wellington-based Bainbridge…
Favo buys 277-unit apartment tower in Hollywood for $190M
Purchase was all-stock and an assumption of liabilities Private credit firm Favo Capital bought a 277-unit apartment tower facing Young Circle in Hollywood for $190 million. The deal marks one of the priciest multifamily investment sales so far this year in South Florida. Lauderhill-based Favo bought the 22-story 1818 Park apartment building with ground-floor retail…
Ombelle Fort Lauderdale Will Introduce First Equinox Fitness Club in Broward County
Dependable Equities has announced that Equinox will open its first Fort Lauderdale location at Ombelle Fort Lauderdale, a mixed-use development planned for 300 NE 3rd Avenue in the Flagler Village neighborhood. The 35,000-square-foot facility will occupy the first two floors of the North Tower and feature the brand’s signature group fitness classes…
Emerald, Infinite Care purchase North Miami, Tamarac senior rehab centers for $29M
NuVision Management sold two facilities with 220 beds, combined Emerald Group and Infinite Care bought a pair of senior rehabilitation centers in South Florida for a combined $29 million. In the bigger deal, an entity led by Lakewood, New Jersey-based investor Yisroel Herzka and tied to Emerald and New York-based Infinite Care paid $18.9 million for the 120-bed Tamarac Rehabilitation and Health Center at 7901 Northwest 88th Avenue in Tamarac, according to records and real.
‘Marquesa Apartments’ Undergoes Construction at 5203 Coconut Creek Parkway in Margate
A Miami-based developer has officially broken ground on a multi-family housing community in Margate. Marquesa Apartments will comprise 220 apartments divided among four buildings. The one-bedroom to three-bedroom homes will feature stainless steel appliances, upscale finishings, and other features intended to “redefine modern apartment living.”
Trammell Crow scores $66M construction loan for 338-unit apartment complex in Margate
Trammell Crow Residential scored a $66.4 million construction loan for a 338-unit apartment complex in Margate. The deal comes as financing for new South Florida residential projects continues to flow, despite elevated interest rates, slower lease-ups and other headwinds. Dallas-based Trammell Crow, the multifamily development arm of Crow Holdings, plans the apartment…
Boca Raton to vote on James and Marta Batmasian’s Mizner Plaza proposal
Real estate investors are seeking approval for mixed-use project with 242-key hotel Two years after the project was first floated, Boca Raton’s Planning and Zoning Board is slated to vote on James and Marta Batmasian’s proposed Mizner Plaza development. The Batmasians are seeking approval for a 12-story, 242-key hotel, 16,000 square feet of restaurant space, 18,840 sf…
Developers Propose Nora District’s First Condo at 1105 N. Dixie Highway in West Palm Beach
The developers of the Nora District in West Palm Beach have proposed the billion-dollar project’s first condo. NDT Development, Place Projects, and Wheelock StreetCapital, in partnership with Ronto Group, want to proceed with an 11-story building, calling for close to 345,000 square feet of new construction. According to Discover South Florida, homes would include…
The Breakers plans workforce housing in West Palm Beach
Eight-story, 155-unit apartment building will serve hotel’s temporary workers The Breakers is planning an eight-story, 155-unit apartment complex in West Palm Beach to house its workers. The iconic Palm Beach hotel has seen the writing on the wall about the lack of affordability in Palm Beach County, the Palm Beach Post reported. City officials are calling it the first…
Warren Buffett’s Berkshire Hathaway invests nearly $800M in Miami-based homebuilding giant Lennar
Miami-based firm’s stock jumped nearly 2 percent on Friday after billionaire’s investment Warren Buffett’s Berkshire Hathaway made a major investment in Miami-based homebuilding giant Lennar, purchasing over 7 million shares for nearly $800 million in the first half of this year. Berkshire Hathaway bought 5.3 million shares of Lennar for $575 million in the second quarter…
Florida’s New Electronic Notices Addendum: What Landlords, Tenants, and Brokers Need to Know
By: Alejandro E. Jordan, ESQ. On July 1, 2025, Florida took a major step forward in modernizing landlord and tenant communications. With the passage of House Bill 615, the Legislature created Florida Statute § 83.505, known as the Electronic Notices Addendum. This statute now allows landlords and tenants to exchange many legally required notices by email…
In recent times, one of the most significant changes, as accelerated by COVID, to the professional landscape has been the shift of the workforce from the office to the home. However, a recent report on CNBC Property Play suggests a reverse trend in motion, with companies increasingly cracking down on remote work and urging employees to return to the office.
Return-to-Office Update: Cities Closing the Post-Pandemic Gap
Visits to the offices nationwide continued their upward trajectory in July, Placer.ai reports, noting that two bellwether markets, New York City and Miami, have effectively returned to levels of visits last seen just before the pandemic. In July 2025, New York City’s office visits came in 1.3 percent above July 2019 levels, marking a first for that market, while Miami’s visits were just…
Florida Lightens Cost Burden On Tenants With Rent Tax Repeal
Companies leasing office, retail and industrial space in South Florida have endured some of the fastest-rising commercial rents in the nation, but starting in October, their real estate costs will actually go down. The state passed a law this summer that repeals its 2% annual tax on commercial rents, which takes effect Oct. 1. In Miami, where office rents have climbed more…