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RIVANI purchased 404 Washington, an 8-story mixed-use office and retail property positioned at the gateway to Miami Beach’s South of Fifth neighborhood. The Trump Group was the seller. Comprising nearly 61,000 square feet of office and retail space, 404 Washington occupies the corner of Washington Avenue and Fifth…
WEST PALM BEACH, FLA. — Kamson Corp. has acquired the 400-unit Ponte Verde at Palm Beach Lakes in West Palm Beach for $90.5 million. The New Jersey-based buyer plans to… The post Kamson Corp. Buys Florida Condo Property for $90.5M, Plans Multifamily Conversion appeared first on Multifamily & Affordable Housing…
Robert Rivani’s namesake firm added another Miami Beach property to its portfolio, acquiring an office and retail building at the gateway to the South of Fifth neighborhood. Rivani purchased the eight-story building at 404 Washington Avenue, which spans 61,000 square feet and includes a four-level parking garage,…
Ian Bruce Eichner’s Continuum Company sued Suffolk Construction, claiming sloppy management, runaway costs and shoddy work at the luxury La Baia South, filing the complaint less than a month after the contractor alleged it hasn’t been paid millions of dollars for the project. The dueling allegations mark an all-out…
🏆 Residential: Pinecrest logged the top recorded home sale in the region. Mauro Ivan Korlaet Araya, a financier, and Daniela Fernandez Nazer, a lifestyle and fashion influencer, purchased the vacant plot of land at 9601 Southwest 67th Avenue for $14.5 million. The seller was a company tied to Santiago Capurro,…
The milestone follows the final 76,605-square-foot lease to Vision Aerospace, an FAA- and EASA-certified Part 145 repair station, bringing the project to 100% occupancy on behalf of the owner, Link Logistics.
Upon completion of the MOB, NAI Miami | Fort Lauderdale will serve as the exclusive leasing representative.
Kamson Corp. paid $90.5 million for a 400-unit condominium complex in West Palm Beach, with plans to convert the units into apartments. An Institutional Property Advisors team consisting of Luke Wickham, Shelton Granado and Justin Basquill, along with Evan Kristol from Marcus & Millichap, brokered the sale. “The…
The Richman Group closed on $225 million in permanent financing across three fully stabilized Florida luxury multifamily communities–each in excess of their original construction loans. The refinancing deals, totaling $107 million for The Marc in Palm Beach Gardens, $72.5 million for Everly in Naples, and $45.5…
GREENWICH, CONN. — The Richman Group, a multifamily owner and operator based in Greenwich, has obtained loans for the refinancing of three luxury apartment communities in Florida totaling approximately $225 million. The deals include a $107 million loan via New York Life Investment Management (NYLIM) for The Marc…
ST. CLOUD, FLA. — Adam America Real Estate and Stellar Communities have obtained a $35.1 million construction takeout loan for Havens at Hickory Reserve, a newly completed 134-unit townhome build-to-rent… The post Joint Venture Secures $35.1M Refinancing for Newly Completed BTR Project in Orlando Metro appeared…
A pharma company shifts to crypto and relocates from Cali to West Palm Beach to slash costs.
Related Ross is moving forward with plans to bring a second hotel to the Palm Beach County Convention Center. The development firm, led by billionaire Steve Ross, is seeking a sale-leaseback deal with Palm Beach County, which would allow for the development of a 400-room Hilton Curio on the 1.8-acre site at 900…
The retail strip totals 30,250 square feet on a 3.74-acre lot.
Walmart is setting up shop in Palm Beach County’s Westlake community, answering retail and grocery demand in one of the state’s fastest-growing areas. Coconut Creek-based developer Minto Communities USA sold a 24-acre parcel to the retail giant for a 189,000-square-foot Walmart Supercenter, according to a company…
The campus contains roughly 338,000 square feet of industrial and office space across approximately 10 buildings. The transaction equates to approximately $293 per square foot.
The acquisition includes the iconic five-story, 35,455-square-foot landmark building located at 100 NE 1st Avenue, as well as an adjacent 15,000-square-foot vacant lot.
The Toledano family’s BH Group and the Pérez family’s Related Group are cleared to close on the Transit Village site, after an arbitrator broke a yearslong deadlock between the developers and Palm Beach County. Aventura-based BH Group and Coconut Grove-based Related plan the 1.3 million-square-foot development with…
Phillip Procacci sold a development site near the Galleria Mall that he long planned to develop, most recently proposing a 259-unit multifamily project. Boca Raton-based Procacci Development, through an affiliate, sold the 2.4-acre vacant lot in Fort Lauderdale to an entity tied to Dallas-based multifamily company…
Balfour Beatty, in partnership with the University of Florida (UF), will deliver 2,217 beds across four residential buildings, totaling more than 680,000 square feet. This is Phase 1 of a plan to add 10,000 new beds during the next 10 years, a $2 billion-plus initiative approved by the UF Board of Trustees. Balfour…
JACKSONVILLE, FLA. — Gateway Jax has signed six new tenants to leases at Peal Square, a 2 million-square-foot mixed-use project in downtown Jacksonville. The initial retail lineup for Vandeveer, the first mixed-use residential building within the district, will feature dining, wellness and lifestyle retailers and…
WESTLAKE, FLA. — Minto Communities USA has sold a 24-acre parcel at Town Center West in Westlake, a master-planned community in South Florida’s Palm Beach County. The buyer, Walmart, plans to develop a 188,779-square-foot Walmart Supercenter at the site, including a separate convenience store and gas station. The…
In the thick of more than 15 lawsuits involving him and his companies, including a foreclosure over his most high-profile condo project at the moment, developer Michael Stern says that he’s pretty “unflappable.” Two years ago, the developer of Brooklyn Tower, the tallest building in the borough, gave up the…
🏆 Residential: The most expensive home sale to hit records in South Florida was in Boca Raton. A trust purchased the newly built home at 1642 Sabal Palm Drive for $21.5 million from John and Mary Hargrove, who purchased it for $6 million last year. The home, in the Royal Palm Yacht and Country Club, measures 9,400…
HIALEAH, FLA. — Baron Property Group (BPG) has closed on a $226.5 million refinancing for Metro Parc, a 559-unit development in Hialeah that is now 50 percent leased. The financing… The post Baron Property Group Lands $226.5M Refinancing for Miami Project appeared first on Multifamily & Affordable Housing Business .
The national construction firm will occupy the top floor of the four-story building.
The tide is beginning to turn back in favor of multifamily landlords, but it’s still too early to get excited. Developers are starting to pull back on leasing incentives and bring rents back up after an oversupply benefited renters. At the end of the second quarter, the number of new leases (13,774) surpassed the…
This week in Houston real estate news, Avison Young has a new market leader, an Orlando firm expands its Downtown Houston office holdings, and more.
Grabbing the reins hasn’t kept Shai Wolkowicki in the saddle. When the Boca Raton, Florida-based investor ousted former partner Chikoo Patel in early 2025 and took control of their troubled apartments portfolio through his firm Ruby Development Group, he inherited an operational mess. Now, the bill for that…
Downtown Miami’s largest landowner Moishe Mana just made his portfolio even bigger, adding $33 million worth of properties within 10 days. Mana’s firm, Mana Common, paid $20.3 million for the 35,550-square-foot Historic U.S. Post Office Building at 100 Northeast First Avenue and the adjacent 15,000-square-foot…
Hollywood is poised to relax some of its development rules to allow oceanfront towers in the area where BH Group and Related group have a historic hotel under contract. The city is considering an overhaul that could bring up to 340-foot projects under restrictive regulations near the historic Hollywood Beach…
🏆 Residential: Fort Lauderdale had the priciest home sale recorded in South Florida. A company managed by Michael D. Snyder, founder and CEO of MDS Energy Development, parted with the home at 340 San Marco Drive for $9.5 million. The buyer was a company tied to Margaret Yu and Thomas Lee. The property last sold…
Kimco Realty went on a $109 million grocery-anchored shopping spree in Broward County, picking up a pair of retail centers from KPR Centers. The Jericho, New York-based real estate giant dropped $56 million for Sunshine Plaza in Tamarac and $53 million for Pompano Marketplace in Pompano Beach, records show. The…
The rapper whose hit single “Hustlin’” debuted two decades ago is bringing his hustle to real estate development. Rick Ross joined the development team of EnSima, an eight-story 670-unit residential project in Miami Gardens, Bisnow reported. The Grammy-nominated artist is partnering with EnSima Miami I, led by…
Woodfield Development opened the doors to Tides at Palm Bay, a 318-unit, $100 million luxury apartment community in Palm Bay, Florida. Located at 2485 Port Malabar Blvd. NE Palm Bay, it features apartments in two five-story buildings & townhomes, alongside 19,000 square feet of commercial space. The development…
Adam America Real Estate and Stellar Communities successfully refinanced the Havens at Hickory Tree Reserve, a newly completed 134-townhome build-to-rent community in St. Cloud, Florida. The joint venture secured a $35.1 million bridge loan from CoreVest American Finance Lender, LLC (“CoreVest”), replacing the…
FORT LAUDERDALE, FLA. — Affiliated Development has received a $74 million construction loan for the development of The Cove, a 376-unit, mixed-income multifamily project located on the northwest corner of Sunrise Boulevard and Federal Highway in Fort Lauderdale. Pacific Life Insurance Co. provided the loan for the…
The $32 million transaction closed quickly as an all-cash 1031 exchange acquisition, trading at a record price per unit for the submarket and a cap rate below 5 percent.
Coast Logistics will replace a former real estate education facility on North Hiatus Road.
A Port Richey-based real estate investment trust and its founders are under fire for allegedly swindling $5 million from a $152 million real estate fund and spending it on expenses like jets, jewelry, gun ranges and adult nightclubs. The SEC filed charges on July 29 in the U.S. District Court for the Middle…
🏆 Alteration: The largest permit issued was for a $45 million interior alteration permit at 8900 North Kendall Drive in Kendall, where Baptist Health South Florida is undertaking the expansion of its main campus, Baptist Hospital Miami, spanning 111,500 square feet. Job Filing Number: 2026060461 📊 Alteration: The…
A Tampa, Florida-based REIT and its two founders are being accused by federal regulators of raising $152M from more than 5,500 investors via splashy social media advertisements, lying about the performance of the investments and misappropriating the...
Orlando, Fla. — Construction is underway on Crest on University, an 898-bed student housing development by American Campus Communities located adjacent to the University of Central Florida’s main entrance in Orlando.… The post American Campus Communities Underway on 898-Bed Development Near University of Central…
The lender that foreclosed on the Hillsboro Beach Resort has taken control of the property, winning it at auction with a $40,100 credit bid. Emerald Creek Capital acquired the oceanfront resort at 1159 Hillsboro Mile in a July 16 foreclosure sale, months after suing the ownership entities controlled by BH3…
Developer Raimundo Onetto has been weaning leasing incentives for new tenants at his 296-unit Crest apartment building. “We saw a shift in the market since the end of last year,” said Onetto, who leads Coconut Grove-based Alta Developers. The building is 95 percent leased, he said. “We have been trying to recapture…
TAMPA, FLA. — JLL has arranged a $55.7 million loan for 143,354 square feet of office and retail space within Midtown East, an 18-story office tower in Tampa. The property was delivered in April 2025 and represents the third and final office tower within Midtown Tampa District, a 22-acre mixed-use campus that also…
MIAMI BEACH, FLA. — Terra and Turnberry, along with general contractor Balfour Beatty, have topped out Grand Hyatt Miami Beach, a 17-story, 800-room hotel underway in Miami Beach. The hotel tower will be connected to the newly renovated Miami Beach Convention Center via a climate-controlled sky bridge upon…
ROCKLEDGE, FLA. — McDowell Housing Partners (MHP) has begun construction of Ekos at Rockledge Park, a $38.2 million, 100-unit affordable housing community in Rockledge. The property’s one-, two- and three-bedroom… The post McDowell Housing Partners Breaks Ground on $38.2M Affordable Housing Community in Rockledge,…
How do you convince someone to spend $3M to live in a tower that carries the branding of legendary DJ Kygo's Palm Tree Crew? It starts with a turntable in a one-story building on a patch of asphalt. The 22K SF property in Downtown Miami is the sales center...
Pinnacle secured $41 million in financing for an affordable seniors housing project in Naranja, as the firm seizes on south Miami-Dade County’s growth. Miami-based Pinnacle plans the 110-unit apartment project reserved for tenants who are 62 and older and earn 30 percent to 60 percent of the area median income,…
Baron Property Group secured a $226.5 million refinancing for an apartment development in Hialeah that’s nearly 50 percent leased. Madison Realty Capital and Yellowstone Real Estate provided the refinancing to the New York- and Miami-based developer for the 559-unit Metro Parc complex at 952 East 26th Street, which…
A waterfront residential parcel in Golden Beach sold for $24 million, representing one of the few remaining available oceanfront properties of its size in the ultra-luxury enclave. An entity led by Amicus Medical Group president David Rodriguez, bought the 0.6-acre lot at 625 Ocean Boulevard and financed the deal…
JACKSONVILLE, Fla., July 29, 2026 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers,” “Regency” or the “Company”) (Nasdaq: REG) today reported financial and operating results for the period ended June 30, 2026, and provided updated 2026 earnings guidance. For the three months ended June 30, 2026 and…
Baron Property Group (BPG) has secured $226.5 million to refinance a newly completed multifamily development in Hialeah, Fla. Madison Realty Capital and Yellowstone Real Estate provided the debt backing the 559-unit Metro Parc at 955 East 25th Street, about a block west of Metrorail and Tri-Rail transfer stations…
Arrow Real Estate Advisors arranged an $85 million construction loan on behalf of Northlink Capital for the development of 7200 Collins Avenue, a 222-unit luxury condominium project in Miami Beach, Florida. The financing, provided by Deutsche Bank, refinances existing debt and will fund the ground-up construction…
Stewards Inc. completed a $79 million refinancing of 1818 Park, its luxury multifamily residential community in downtown Hollywood, Florida. Multihousing News reports Stewards acquired 1818 Park last August for $190 million. 1818 Park is a 22-story luxury residential community offering studio, one-, two- and…
ORLANDO, FLA. — Capstone Building Corp. has begun construction on The Gateway, a 270-unit luxury apartment community located at 7250 Shadowridge Drive in Orlando. The design-build team includes developer JBL Development LLC and architect Baker Barrios Architects. Located near Airport Lakes Park, the five-story,…
A Mas brother is pushing to rezone 162 acres of land outside of Miami Gardens for a massive mixed-use development with affordable housing, retail and industrial space. Landmark QOZB Construction LLC, an entity tied to Juan Carlos Mas of Coral Gables-based MAS AJP, filed an application with county officials to…
🏆 Commercial: West Palm Beach had the largest commercial sale to hit records Tuesday. The tenants of Ponte Verde Condominiums collectively sold the property at 1401 Village Boulevard for $90 million. Kamson Corporation and Scopus Property Management were the buyers. The 400 unit property sits on about 28 acres. 📊…
WEST PALM BEACH, Fla., July 29, 2026 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust focused on Class A warehouse and distribution real estate investments, today announced results for the quarter ended June 30, 2026.