Ciprés and Rilea Group landed a $90 million construction loan for The Rider Residences, a planned condominium near Wynwood. Mexican bank Banco Inbursa provided the
Category: Business
Riviera Beach approves rezoning for SobelCo condo project
The Riviera Beach City Council unanimously approved zoning changes that will enable SobelCo to build a 1.2 million-square-foot project near the Port of Palm Beach.
In $25M deal, JBL adds Broward shopping center to retail portfolio
JBL Asset Management’s South Florida retail portfolio experienced a growth spurt with a $25 million Broward shopping center purchase. Hollywood-based JBL, led by Jacob Khotoveli,
Here’s what’s next for the 38-acre Miami Seaquarium site
Developer David Martin has set his sights on his next challenge, a redevelopment of the Miami Seaquarium property in Key Biscayne. An affiliate of his
Duell scion drops $28M on Forté on Flagler PH
Benjamin Duell, a scion of New York real estate’s Duell family, dropped $28.3 million on a penthouse in the recently completed Forté on Flagler in
AEW, Mast Capital sell 342-unit apartment building on Miami River for $108M
AEW Capital Management and Mast Capital sold the Remi on the River apartment building on the Miami River for $108.4 million. Boston-based AEW and Coconut
Kerzner, 13th Floor plan first Siro hotel in the US in Brickell
Arnaud Karsenti’s 13th Floor Investments is partnering with a Dubai-based hospitality firm to develop the first Siro hotel in the U.S. in Miami’s Brickell. 13th
Metropica developer revives megaproject with new partners
Five years after completing the first condo tower at Metropica, a master-planned development in western Broward County, the developer announced he is reviving the project
Redfearn Capital, TPG Angelo Gordon team up for $37M industrial purchase
Redfearn Capital joined forces with TPG Angelo Gordon to buy two warehouses in Miami-Dade County for $36.7 million. Two entities tied to Delray Beach-based Redfearn,
Rents down, vacancies up as Trump’s immigration policies hit Doral
In Doral, the vacancy rate is up to 6.5 percent, and rents have hit a three-year low. Yes, the Miami market is cooling, but Doral