Social: As South Florida is experiencing a near-record multifamily construction pipeline, Estate Companies scored a $73M loan to build a 321-unit complex in downtown West
Tag: development
The Weekly Dirt: Summertime scandals expose South Florida real estate’s underbelly
Summers are usually slower than the rest of the year. Our sources go on vacation. Deal activity slows down. Properties are taken off the market.
Watson Island condo revamp? Developers’ $160M+ purchases of city-owned sites head to Miami voters
Voters will decide whether the city can sell land on Miami’s Watson Island to two development groups in separate deals geared at developing more condos.
One Sotheby’s taking over sales of Michael Stern’s Dolce & Gabbana condo tower
Michael Stern’s JDS Development Group replaced Official, the brokerage co-founded by Tal and Oren Alexander brothers, as the sales and marketing firm for 888 Brickell,
Kolter drops $22M for Delray Beach dev site, amid its South Florida resi construction spree
Kolter Group scooped up an asphalt paving business’s headquarters in Delray Beach for $21.9 million as a potential development site. Delray Beach-based Kolter bought the
Lennar, BH drop $18M on shuttered Aventura area golf course to develop homes
Lennar and BH Group dropped $17.5 million on a shuttered 104.3-acre golf course near Aventura, to redevelop with single-family homes. The partnership plans to tear
Habitat, partner plan condo-hotel project in Brickell after paying $15M for dev site
Habitat Group is partnering with a Central Asian firm entering the U.S. market to build a condo-hotel on a Brickell development site acquired for $14.8
Galbut family completes short-term rental-friendly Gale tower in Miami, closings underway
The Galbut family completed Gale Miami Hotel & Residences, a short-term rental condominium and hotel tower in downtown Miami. An affiliate of GFO Investments, led
Investors scoop up dev site near Pompano Beach casino for $29M, amid near record South Florida multifamily pipeline
Atlantic Residential and Northwestern Mutual Life Insurance scooped up a development site for $29.1 million, to build apartments near Harrah’s Pompano Beach Casino. Their purchase
Billionaire Ken Griffin submits site plan for mixed-use Miami supertall
Billionaire Ken Griffin is moving forward with plans to develop a $1 billion-plus mixed-use tower in Miami’s Brickell Financial District. Griffin’s attorney, Neisen Kasdin, this