What happened, and who moved.
146 items
showing 1–60 of 146
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…
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…
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.
The tenant leased the entire facility.
A roundup covering fiber-bond issuances, Miami office refinancing activity, and a residential rental purchase transaction.
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…
🏆 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…
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…
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…
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…
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…
🏆 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.
NAI reports growing retail investment activity in Southern California amid a contracting development pipeline, with details on mixed-use and commercial transactions across the region.
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…
The move will end Greenberg Traurig’s four-decade presence at Phillips Point.
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…
Florida Medical Space developed Gateway Medical Plaza in 2021 to meet the needs of a long-time client who was looking for a new, state-of-the-art headquarters to relocate its fertility center.
The two-story, 95,342-square-foot facility sits on approximately 2.63 acres and featured a layout designed to accommodate specialized operations.
A cluster of single-family homes on 1-acre lots and vacant parcels near Baptist Hospital of Miami are slated for redevelopment with more than 200 apartments, proposals that riled up hundreds of neighbors in a pocket of Kendall. Four planned projects range from three to five stories, in a less than two-block area…
NAPLES, FLA. — The Inland Real Estate Group of Cos. has sold Orchid Run, a 282-unit property in Naples, to Cardone Capital, a Miami-based firm founded by real estate investor… The post Berkadia Arranges $89.8M Trade in Naples, Florida appeared first on Multifamily & Affordable Housing Business .
A proposed redevelopment near Opa-locka City Hall could bring housing, retail, hospitality, education and community services to six publicly owned parcels, marking a major investment in the city’s downtown core. The overall development has been valued at approximately $532 million.
A court-appointed receivership sale of the Heron Pond Condominium Complex was completed for $20.5 million through Avison Young and Fisher Auction.
A land bank for D.R. Horton, the nation’s largest homebuilder, bought 232 homesites in Florida City for $28.5 million. Miami-based Trans Florida Development, through an affiliate, bought the 40-acre vacant parcel on the southwest corner of Redland Road and Southwest 336th Street from an entity tied to Carrollton,…
Barry Sternlicht’s Starwood Asset Management has acquired two affordable housing properties in Miami-Dade County from the Gatehouse Group, paying a combined $63.8 million, property records show. In the largest deal, the investor paid $34 million for the 150-unit Magnolia Landing Apartments in the Naranja…
Moshe Popack’s YMP Real Estate Management has secured $30 million to refinance Park Towers, a 210-unit multifamily complex in Miami, Commercial Observer can first report. Valley National Bank provided the loan, structured at a fixed-rate of 6.09 percent, while Meridian Capital Group’s David Hayum and Michael…
Harbor Group International has bought Emerald Palms, a 505-unit garden apartment complex near Zoo Miami in Kendall, for $109 million from Milestone Group, which paid $107 million for the same property in 2021. The South Florida Business Journal reports the buyer assumed the seller’s mortgage, which Berkeley Point…
🏆 Residential: The top recorded home sale was in Miami, where a condo at 7811 Fisher Island Drive changed hands for $15 million. The seller was a company led by Olga Postolnikov, and the buyer was software executive Mark Sutcliffe. The 3,600-square-foot pad spans three bedrooms, three and a half bathrooms and…
🏆 New Building: The largest permit issued was a $97 million phased new construction permit for The Shore Club Private Collection condos at 1901 Collins Avenue in Miami Beach. The permit covers 481,200 square feet, and the project is being developed by Witkoff and Monroe Capital. The developers secured $430 million…
Berkadia Miami’s Brad Williamson, Scott Wadler and Michael Basinski, along with Mitch Sinberg, Matt Robbins, and Jacob Kelly, secured the financing on behalf of RIVANI. BridgeInvest provided the loan.
Adam Von Romer represented an investor who sold a management-intensive commercial property in North Miami and sought a more passive investment with a single corporate tenant.
Milestone Group has sold a garden-style multifamily community near Zoo Miami for just $2 million more than it paid to acquire the property five years ago. Harbor Group International (HGI) bought the 505-unit Emerald Palms Apartments for $109 million, property records show. The 28-acre property includes 37…
Ryder Integrated Logistics has committed to an entire Class A distribution building on the former Aerojet Rocketdyne campus in Rancho Cordova, delivering Sacramento’s largest industrial lease of the second quarter and handing the Highway 50 Corridor its strongest absorption showing in years. A Miami-area logistics…
🏆 Residential: Miami had the most expensive residential sale to hit records. A trust scooped up the home at 4040 Kiaora Street for $22.5 million from an affiliate of luxury homebuilder Pascal Nicolai. Built last year, the home measures 8,500 square feet and has six bedrooms, seven and a half bathrooms and a guest…
Prosper Group and Versluys Group have paid $50 million for a development site in Miami’s Brickell district, where they plan to build a $650 million condo tower, the joint venture announced. The 1-acre assemblage includes three parcels: one along the Miami River, with more than 300 feet of water frontage, as well as…
A Brightline-affiliated entity that owns the retail space at MiamiCentral station was hit with a $65 million foreclosure lawsuit, as the separately owned passenger rail operator grapples with its own debt and profitability troubles. U.S. Bank represented two lender groups in suing Brightline Investment Holdings,…
Miami Dolphins owner and Related Ross CEO Steve Ross is passing the reins of his sports and entertainment portfolio to the next generation. The 86-year-old billionaire and real estate titan tapped his son-in-law Daniel Sillman to lead the new parent company Ross Sports & Entertainment, which oversees the Dolphins,…
Harbor Group International beefed up its South Florida portfolio with a $109 million purchase of an over 500-unit apartment complex near Zoo Miami. The deal, which marked a $2 million gain from the property’s 2021 price, comes amid a cooling multifamily investment market in the region amid higher costs, elevated…
The site was acquired from Two Roads Development and Newgard Development Group.
The parcel offers more than 1,000 feet of frontage along Florida's Turnpike.
The sale is one of the largest condominium-to-multifamily rental conversions in Florida.
Prosper Group and European firm Versluys Group bought a condo development site on the Miami River in Brickell for $50 million. They put the 1-acre lot under contract last year from Harvey Hernandez’s Newgard Development Group and Two Roads Development. The property was part of the sellers’ One Brickell Riverfront…