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Category: Business

“Supply overhang”: After record South Florida apartment completions, lease-ups slow, concessions ramp up 
Business

“Supply overhang”: After record South Florida apartment completions, lease-ups slow, concessions ramp up 

January 24, 2025January 24, 2025

At the 293-unit Elevate in Dania Beach, about 100 apartments remain vacant six months after the project was completed.  To entice renters, the property manager

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Multifamily, luxury homebuilding headed for a slowdown in 2025: CCIM panel
Business

Multifamily, luxury homebuilding headed for a slowdown in 2025: CCIM panel

January 23, 2025January 23, 2025

South Florida can expect a slowdown in multifamily and luxury home development in the year ahead, according to a panel of builders.  Last week, The

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Keystone proposes 284-unit Live Local Act project near MIA, amid flurry of applications under affordable housing law 
Business

Keystone proposes 284-unit Live Local Act project near MIA, amid flurry of applications under affordable housing law 

January 23, 2025January 23, 2025

A developer proposes a 284-unit Live Local Act project near Miami International Airport, marking a continued flurry of applications under the state’s affordable housing law. 

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TransMontaigne under contract to sell Fisher Island terminal and fuel depot for 0M
Business

TransMontaigne under contract to sell Fisher Island terminal and fuel depot for $180M

January 23, 2025January 23, 2025

TransMontaigne Partners is under contract to sell a potential Fisher Island development site for $180 million, but the mystery buyer will have to deal with

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Brand mogul Anand Khubani pays M for billionaire’s North Bay Road mansion
Business

Brand mogul Anand Khubani pays $40M for billionaire’s North Bay Road mansion

January 23, 2025January 23, 2025

Brand mogul Anand Khubani added to his luxury portfolio in Miami Beach with the $40 million purchase of a waterfront mansion on North Bay Road. 

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IMC Equity advances mixed-use project with 233 apartments at Lauderhill Mall
Business

IMC Equity advances mixed-use project with 233 apartments at Lauderhill Mall

January 23, 2025January 23, 2025

IMC Equity Group advanced plans to develop a three-building, mid-rise complex with 233 apartments on the south side of the Lauderhill Mall. IMC Equity, led

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Auberge Beach closing tops Broward weekly condo sales 
Business

Auberge Beach closing tops Broward weekly condo sales 

January 23, 2025January 23, 2025

Broward County’s condo sales and dollar volume rose in the third week of January. Brokers closed 119 condo sales totaling $42.6 million from Jan. 12

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Château, Fortune score site plan changes for St. Regis Sunny Isles
Business

Château, Fortune score site plan changes for St. Regis Sunny Isles

January 22, 2025January 22, 2025

Château Group and Fortune International Group secured changes to their site plan for St. Regis Residences, Sunny Isles Beach.  Sunny Isles commissioners last week approved

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South Florida office vacancies and asking rents hold steady in fourth quarter, despite some foreclosures and discounted deals
Business

South Florida office vacancies and asking rents hold steady in fourth quarter, despite some foreclosures and discounted deals

January 22, 2025January 22, 2025

Outside Miami’s Brickell neighborhood and downtown West Palm Beach, office landlords in South Florida faced troubling trends in the fourth quarter of last year. Older

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Monceau ramps up Live Local Act pipeline with proposals for 120-unit project in Naranja, 252-unit building in Goulds
Business

Monceau ramps up Live Local Act pipeline with proposals for 120-unit project in Naranja, 252-unit building in Goulds

January 22, 2025January 22, 2025

The Haccoun family’s Monceau Real Estate proposes a 120-unit apartment project in Naranja and a 252-unit development in Goulds, as the firm ramps up its

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