The cycle for new multifamily construction is ending, and owners of multifamily development sites are looking for an out. It makes sense. Many developers are
Category: Business
Meta Development scores $28M loan to build Coconut Grove condos
Meta Development scored a $28M construction loan to build Opus, a planned 12-unit boutique condominium in Coconut Grove. Los Angeles-based Arixa Capital provided the financing
Warren Buffett’s Berkshire Hathaway invests nearly $800M in homebuilding giant Lennar
Warren Buffett’s Berkshire Hathaway made a major investment in Miami-based homebuilding giant Lennar, purchasing over 7 million shares for nearly $800 million in the first
Lore plans 402 apartments at former JWU campus in North Miami
Lore Development Group plans a 402-unit apartment project on a portion of the closed Johnson & Wales University campus in North Miami, The Real Deal
Todd Glaser, partner seek $169M flip of waterfront Miami Beach estate
Spec home developer Todd Michael Glaser and the Posner Group are looking to flip for $169 million the waterfront Miami Beach estate they bought for
Billionaire Russell Weiner zeroes in on alleged construction defects at $100M+ waterfront estate in latest lawsuit against project manager
Russell Weiner, the billionaire founder of Rockstar Energy Drink, is alleging the project manager and general contractor of his $100 million-plus estate in Miami Beach
Emerald, Infinite Care purchase North Miami, Tamarac senior rehab centers for $29M
Emerald Group and Infinite Care bought a pair of senior rehabilitation centers in South Florida for a combined $29 million. In the bigger deal, an
The Breakers plans workforce housing in West Palm Beach
The Breakers is planning an eight-story, 155-unit apartment complex in West Palm Beach to house its workers. The iconic Palm Beach hotel has seen the
Swerdlow buys 2-acre Miami dev site for its 5,000-plus-unit workforce, affordable project
Swerdlow Group bought a nearly 2-acre development site in Miami’s Little River neighborhood for $11.5 million. The property will be part of Swerdlow’s planned 5,000-plus
Roers scores $91M in financing for two Naples multifamily projects
Roers Companies landed $91.4 million in construction financing to build a pair of Naples multifamily projects. Los Angeles-based Kayne Anderson provided a senior mortgage of