What happened, and who moved.
337 items
showing 1–60 of 337
The developer and dozens of contractors behind an exclusive residential enclave in Central Florida settled shoddy construction claims for $26.5 million. It’s not the largest construction-defect settlement in Florida, but at $2.7 million per unit across the 10 townhomes at Park Hill in Winter Park, it may be among…
Related Group recently paid $9.3 million for a development site at a Fort Lauderdale office park at 6700 N. Andrews Ave. Naya USA was the seller. CPN West retained ownership of the 309,243-square-foot office building there. Last year, Related Group filed plans to develop the vacant portion of this site with…
Sunbeam Development Corporation, owner of the 125-acre Miramar Cove, has engaged Colliers to lead retail leasing for the mixed-use waterfront destination now under construction in Miramar, west of Miami and Fort Lauderdale. Miramar Cove broke ground in May 2026 and will deliver approximately 400,000 square feet of…
PORT ST. LUCIE, FLA. — The NRP Group has broken ground on a 312-unit luxury apartment complex located within the master-planned community of Tradition in Port St. Lucie. Situated on approximately 18 acres, the project will comprise 10 three-story buildings offering a mix of one-, two- and three-bedroom apartments…
Miami developer Aconcagua Group has landed $35 million of construction financing to complete a multifamily project in Miami-Dade County, Commercial Observer has learned. S3 Capital provided the loan for the third and final phase of the 374-unit Casa Princeton apartment community in Princeton, Fla. The deal closed…
Residential: The most expensive residential sale recorded was $22.8 million for a 5,500-square-foot home at 508 West Dilido Drive in Miami Beach, built in 2018. The 508 W Dilido Drive Land Trust sold the property to 508 Di Lido Land Trust after purchasing it for $18.5 million in February of this year. Reid Heidenry…
South Florida’s deep roots in aviation sprouted two high-profile real estate deals this week. An affiliate of Boston-based Hill City Capital placed the winning bid of $93.3 million for the vacant Spirit Airlines headquarters in Boca Raton, the Miami Herald reported. That’s less than half of its 2024 construction…
LAND O’ LAKES, FLA. — NexMetro has opened Avilla Silver Palm, a 180-home build-to-rent community in Land O’ Lakes, about 20 miles north of Tampa, Florida. This is NexMetro’s third… The post NexMetro Opens Third BTR Avilla Community in Metro Tampa appeared first on Multifamily & Affordable Housing Business .
ST. CLOUD, FLA. — Berkadia has arranged a $19.1 million loan for Miami-based Bayshore Investment Partners’ (BIP) acquisition of Ibis Park at Harmony West in St. Cloud, about 30 miles… The post Bayshore Investment Partners Acquires Metro Orlando BTR Development for $29.4M, Berkadia Arranges Acquisition Loan appeared…
Multiple South Florida transactions reported: Pebb acquired an office building for over $70M in Miami Beach; Rivani purchased a South Beach building formerly housing China Grill for $32M and is pursuing a $50M Miami Beach office expansion involving the former Playboy headquarters site.
Robert Rivani purchased a South Beach office building formerly housing China Grill for $32 million.
Kimco Realty purchased grocery-anchored shopping centers in Broward County, Florida including Publix and Walmart-anchored properties from KPR Centers for $109 million.
Rivani's $50 million office expansion project in Miami Beach, involving Playboy HQ, is heading to voter approval.
Playboy headquarters, residential brokerage Jills Zeder Group, a hedge fund, and medical care providers signed leases for a combined 20,000-square-foot penthouse at Robert Rivani's South Beach office building.
Naftali Group closed a $465 million C-PACE loan, reportedly South Florida's largest, for a residential project at Miami Worldcenter.
A Brickell multifamily development secured $220 million in C-PACE construction financing, the largest such loan in South Florida.
Stetson University partnered with Bromley Cos on a mixed-use development in Tampa as higher education institutions expand into mixed-use districts.
The tenant leased the entire facility.
A roundup covering fiber-bond issuances, Miami office refinancing activity, and a residential rental purchase transaction.
A market roundup covering collateralized loan obligation trends, lender activity for the coming year, and a $1B real estate project in Florida.
Barry Sternlicht’s Starwood Asset Management has bought two more affordable housing properties in Miami-Dade County, following two acquisitions last week, bringing the total to $115.4 million and 570 units. The investment firm purchased the remaining piece of the Lafayette housing complex in Miami’s Little River…
Brickell homeowners’ fight against 13th Floor Investments’ planned branded condo tower behind a historic church has been resurrected. A court overturned the city of Miami’s previous decision to quash the landmark status for a portion of the First Miami Presbyterian Church lot where 13th Floor Investments wants to…
Fortress Investment Group has refinanced the Design Center of the Americas in Dania Beach, Fla., following a nasty foreclosure fight with its previous owner, New York-based billionaire Charles Cohen. City National Bank of Florida supplied a $45 million loan backing the 780,000-square-foot office and design showroom…
🏆 New Building: The largest permit issued was an $85.6 million new construction permit for Mohawk at Wynwood, a 300-unit apartment project at 50 Northeast 29th Street in Miami. The permit covers 488,880 square feet for Miami-based Rilea Group’s development. In January, the developer secured a $149.2 million…
Citadel’s Ken Griffin is cashing out of a 52-year-old Palm Beach office property, selling the Worth Avenue building to Blackstone’s Revantage for $86 million. The billionaire hedge fund titan agreed to sell the 50,000-square-foot Class A office building at 125 Worth Avenue to the Chicago-based real estate…
MIAMI — NAI Miami | Fort Lauderdale has arranged a 9,916-square-foot retail lease at 1588 N.W. 7th St., a retail space within a parking garage at LoanDepot Park, home ballpark of the Miami Marlins. The tenant is Biscayne Bay Brewing Co. LLC, one of the leading craft breweries in South Florida and the official craft…
Sixth Street acquired the Pier House Resort & Spa, a 142-room, luxury oceanfront resort in Key West, Florida, for $190 million from Braemar Hotels & Resorts. Sixth Street completed the transaction in partnership with Riller Capital. Financing for the transaction was provided by Starwood Property Trust. Situated on…
Atlantic Pacific Companies is bringing hundreds of affordable housing units to publicly owned sites in Miami-Dade County across two land-lease deals. The Boca Raton-based firm plans 364 income-restricted apartments on part of a school property that it is leasing from Miami-Dade County Public Schools. And it’s…
HOUSTON – (Realty News Report) – American Landmark Apartments, a Tampa-based multifamily company, acquired the 292-unit Park Avenue at Boulder Creek in southeast Houston. The apartment complex, located at 11575 Pearland Parkway will be the firm’s 14th asset in the Houston area. “Houston continues to distinguish…
Colliers has been engaged to lead retail leasing for the mixed-use waterfront destination now under construction.
Harvey Hernandez’s Newgard Group scooped up a 2.6-acre site in West Palm Beach that could soon showcase luxury cars. The Miami-based developer’s commercial division plans to build a luxury car and lifestyle concept at 2500 North Florida Mango Road that would include 20 automotive studios, which will be sold to…
GL Homes won site-plan approval for an eight-story multifamily development near the Sawgrass Mills shopping mall in Sunrise, where it is planning a massive mixed-use development of highrises. The Sunrise City Commission voted Tuesday night to approve the 294-unit project’s site plan. It spans 5.5 acres within a…
Harvey Hernandez’s Newgard Group bought a development site in West Palm Beach, Fla., to build an upscale parking garage with a private members club component. The Miami-based developer paid $10.5 million for a 2.6-acre parcel at 2500 North Florida Mango Road, just north of Palm Beach International Airport, property…
Leased by telecoms provider T-Mobile
The Richman Group, an $18.5 billion asset management firm, has secured $225 million in permanent financing to refinance three stabilized luxury multifamily properties in South Florida that total 942 units. New York Life Investment Management provided $107 million to refinance the Marc Apartments, a 396-unit…
Pearlmark has sold ShoreView Waterfront Apartments, a 216-unit Class A waterfront multifamily community located at 1161 3rd Avenue N in downtown Bradenton. Berkadia’s Matt Mitchell and Chris Burtner of Berkadia Florida arranged the sale on behalf of Pearlmark, which acquired the property through a mezzanine lender…
Cardone Capital paid $89.9 million, including 282 Bitcoin, for Orchid Run, a 282-unit apartment development in Naples, Florida. The Inland Real Estate Group of Companies was the seller. Berkadia’s Matt Mitchell and Chris Burtner arranged the sale on behalf of The Inland Real Estate Group. Completed in 2015, Orchid…
NAPLES, FLA. — Berkadia has arranged the $89.9 million sale of Orchid Run, a 282-unit, garden-style apartment community located at 10991 Lost Lake Drive in Naples. Matt Mitchell and Chris Burtner of Berkadia represented the seller, an affiliate of The Inland Real Estate Group of Cos. Inc., in the transaction. The…
One co-owner of multifamily investment platform ESG Kullen is suing the other for alleged fraud, forgery, concealed financing deals and unauthorized equity transfers. Kullen King Properties and its managing member, Thomas DelPonti, filed a complaint last month in New York County Supreme Court against Eric…
🏆 Residential: The top recorded home sale was in Key Biscayne. Gusisa Limited, whose president is Concha Dominguez, sold the waterfront residence at 591 North Mashta Drive for $14 million to a company managed by Alvaro Castro Mendivil. The home measures 4,300 square feet, pricing the sale at $3,300 per square…
Broward County is planning a major mixed-use development project centered around the Florida Panthers' Sunrise arena venue.
A major mixed-use redevelopment project in Opa-Locka, Miami-Dade County seeks rezoning for a 162-acre site as part of downtown revitalization efforts.
Milestone Group has sold a rental complex near Zoo Miami to Harbor Group for $109 million amid a cooling multifamily investment sales market in South Florida.
Juan Carlos Mas' firm pursues rezoning approval for a 162-acre mixed-use development in Miami-Dade County.
Coverage of Empire State Realty Trust's real estate transaction activity, including construction financing, rezoning efforts, and property sales across South Florida markets.
Pebb Capital acquired an office building in South Beach, Miami for over $70 million as the market repositions away from its party-town image.
Developers adapt to rising home prices and mortgage rates in South Florida, finding options to lure in buyers and lower expenses.
Commercial real estate investment in South Florida has soared since last year. But don’t get excited yet. Most property types are feeling the weight of elevated inflation and interest rates. “When you have those two things going on, the institutional markets are like, ‘We don’t have certainty. Pencils down,’” said…
Veteran multifamily investment brokerage professional Debbie Pomerantz has launched an independent commercial real estate brokerage firm, DLP Real Estate. The firm’s debut aligns with the $13.25-million sale of Raritan Riverside, a newly constructed, 42-unit luxury multifamily community located at 21 Orlando Dr. in…
A 170-year-old monastery in Bay Ridge, Brooklyn, has sold for $42.25 million. The Sisters of the Visitation’s 7.5-acre campus at 8902 Ridge Boulevard –– a campus behind 30-foot stone walls, with a monastery, chapel and school –– was bought by a group of Brooklyn- and Miami-based developers and investors with a…
Coastland Residential has nabbed a $84.5 million construction loan for a multifamily development near Tropical Park in southwest Miami-Dade County. The debt from PNC Bank covers the Vybe 75, which will house 366 apartments and 5,000 square feet of ground-floor retail space. The eight-story development at 4383…
Bank of America paid $155 million for five buildings and two parking garages that it had been leasing at its Southside Boulevard operations center campus. The banking giant acquired the property from Ladder Capital of New York City. Bank of America bought about 820,000 square feet of space spanning Buildings 200,…
The move will end Greenberg Traurig’s four-decade presence at Phillips Point.
Broward County has submitted plans that could transform the 154-acre area surrounding the Florida Panthers’ home into a massive 24/7 mixed-use destination in Sunrise. The Panthers say they’re in the early stages of discussions with Broward County and Sunrise. A Sunrise City Commission will consider the proposal…
ORLANDO, FLA. — Ryman Hospitality Properties Inc., a publicly traded hotel REIT based in Nashville, has entered into a definitive agreement to purchase Grande Lake Orlando Resort for approximately $1.4 billion from Trinity Investments. The 409-acre resort comprises a 1,010-room JW Marriott hotel, 582-room…
A developer scored an $84.5 million construction loan for the first portion of its planned roughly 1,000-unit development along Bird Road in west Miami-Dade County. Miami-based Coastland Residential plans the eight-story Vybe 75 with 366 units at 4383 Southwest 75th Avenue, according to the developer’s news…
El principal distrito financiero de Miami se posiciona como uno de los mercados corporativos más demandados de Estados Unidos. Los espacios de oficinas clase A en Brickell registran valores cercanos a los US$100 por m2 anual, mientras la disponibilidad se mantiene en niveles reducidos producto de la llegada de…
🏆 Residential: The top recorded home sale was in Surfside, where a condo at the Four Seasons Residences at the Surf Club at 9001 Collins Avenue traded for $19 million. A trust tied to Richard Gold sold unit 307 in the south tower to an LLC managed by William Papariella, a private aviation executive, and Michael…
Ryman Hospitality completed the acquisition of Grande Lakes Orlando Resort, a significant hospitality asset transaction in the Orlando market.
The 10-year lease is expected to accommodate roughly 80 attorneys and professional staff.