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Tag: Multifamily Market

Invesca lands M loan for rental-to-condo conversion in Pompano Beach, aiming to match demand
Business

Invesca lands $55M loan for rental-to-condo conversion in Pompano Beach, aiming to match demand

September 3, 2024September 3, 2024

Invesca Development Group landed a $55.2 million loan for an apartment-to-condo conversion of a 214-unit complex in Pompano Beach.  The plan to switch the Envy

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The builders: Ranking Miami’s construction firms
Business

The builders: Ranking Miami’s construction firms

September 3, 2024September 3, 2024

At a busy intersection in North Miami, construction of the 382-unit Manor Biscayne apartment project is underway. So far, the eight-story building is a gray

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Q & A: Michael Swerdlow dishes on Overtown project and other recent deals
Business

Q & A: Michael Swerdlow dishes on Overtown project and other recent deals

August 29, 2024August 29, 2024

For nearly a half-century, Michael Swerdlow has been a driving force in retail and mixed-use development in Miami-Dade County.  In the early 2000s, the Coconut

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Lewis Swezy proposes 132-unit low-income multifamily project, as developers seize on affordable housing  
Business

Lewis Swezy proposes 132-unit low-income multifamily project, as developers seize on affordable housing  

August 28, 2024August 28, 2024

Developer Lewis Swezy proposes a 132-unit, age-restricted affordable apartment project in Miami-Dade County’s Princeton neighborhood.  The plan comes as South Florida developers continue to seize

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Coastland plans 371-unit rental project with workforce housing near Tropical Park, amid swell of below-market proposals 
Business

Coastland plans 371-unit rental project with workforce housing near Tropical Park, amid swell of below-market proposals 

August 28, 2024August 28, 2024

Coastland Residential plans a 371-unit multifamily project with workforce housing near Miami-Dade County’s Tropical Park, as developers continue to bet on below-market apartments.  Pinecrest-based Coastland

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Grant Cardone is on a Broward multifamily buying binge, paying more than 0M for two projects
Business

Grant Cardone is on a Broward multifamily buying binge, paying more than $200M for two projects

August 27, 2024August 27, 2024

Grant Cardone can’t get enough of Broward County.  In recent months, funds affiliated with his Aventura-based Cardone Capital acquired two apartment complexes in Fort Lauderdale

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Developer proposes 119-unit multifamily project near Miami’s Culmer Metrorail stop, amid a record apartment pipeline 
Business

Developer proposes 119-unit multifamily project near Miami’s Culmer Metrorail stop, amid a record apartment pipeline 

August 27, 2024August 27, 2024

A developer proposes a 119-unit multifamily building near Miami’s Culmer Metrorail Station, amid a record South Florida apartment construction pipeline.  New York-based Urban Builders Collaborative,

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Dan Kodsi reworks plans for Miami resi tower, seeks density boost 
Business

Dan Kodsi reworks plans for Miami resi tower, seeks density boost 

August 22, 2024August 22, 2024

Dan Kodsi’s Royal Palm Companies is reworking plans for a residential tower in Miami’s Arts & Entertainment District.  When Kodsi and his former partner, Rafael

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Funding keeps flowing: Two recently completed Miami mixed-use projects score loans totaling 7M
Business

Funding keeps flowing: Two recently completed Miami mixed-use projects score loans totaling $237M

August 21, 2024August 21, 2024

A pair of mixed-use projects built in the last two years in Miami’s Wynwood scored loans totaling $237 million.  In the larger deal, Ares Management

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Developer plans 75-unit Live Local Act project in Brownsville, amid surge in proposals under affordable housing law
Business

Developer plans 75-unit Live Local Act project in Brownsville, amid surge in proposals under affordable housing law

August 21, 2024August 21, 2024

A development firm plans a 75-unit Live Local Act apartment project in Brownsville, amid a surge in proposals under the state’s affordable housing legislation.  Miami-based

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