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Tag: Multifamily Market

Ben-Josef family proposes 561-unit rental project near North Miami, amid record South Florida multifamily construction pipeline 
Business

Ben-Josef family proposes 561-unit rental project near North Miami, amid record South Florida multifamily construction pipeline 

August 19, 2024August 19, 2024

The Ben-Josef family, owners of the Sagamore Hotel South Beach, propose a 561-unit apartment building near North Miami.  Their plan comes as South Florida is

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Clara Homes lands M construction loan for Bay Harbor Islands project, amid record South Florida multifamily pipeline
Business

Clara Homes lands $54M construction loan for Bay Harbor Islands project, amid record South Florida multifamily pipeline

August 16, 2024August 16, 2024

Clara Homes scored a $53.6 million construction loan for its Bay Harbor Islands multifamily project, advancing the development into its next stage.  The deal comes

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13th Floor lands M loan to build 398-unit Hallandale Beach complex, amid record South Florida apartment construction
Business

13th Floor lands $83M loan to build 398-unit Hallandale Beach complex, amid record South Florida apartment construction

August 14, 2024August 14, 2024

13th Floor Investments landed an $83 million construction loan for a planned 398-unit apartment complex in Hallandale Beach.    The deal comes as South Florida is

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South Florida submarkets see rent declines, amid hefty new apartment supply
Business

South Florida submarkets see rent declines, amid hefty new apartment supply

August 12, 2024August 12, 2024

Across South Florida, some municipalities are experiencing a drop in apartment rents, marking a sharp turnaround from the tri-county region’s record rate hikes of recent

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South Florida’s multifamily construction pipeline reaches record, as developers seize on south Miami-Dade
Business

South Florida’s multifamily construction pipeline reaches record, as developers seize on south Miami-Dade

August 5, 2024August 5, 2024

Across South Florida, developers are building a record number of multifamily units. The booming pipeline comes as the tri-county region’s leasing frenzy has slowed and

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Developer scores M construction loan for apartments near North Miami, marking one of the first Live Local Act financings
Business

Developer scores $17M construction loan for apartments near North Miami, marking one of the first Live Local Act financings

August 1, 2024August 1, 2024

Daniel Abreu scored a $16.5 million construction loan for an 80-unit apartment building near North Miami, marking one of the first Live Local Act project

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Construction loans keep flowing: Newrock, Brickbox land M to build 165-unit Oakland Park rental project 
Business

Construction loans keep flowing: Newrock, Brickbox land $60M to build 165-unit Oakland Park rental project 

July 25, 2024July 25, 2024

Newrock Partners and Brickbox Development landed a $60 million loan to build apartments in Oakland Park, as South Florida continues to defy a financing slowdown

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Investors scoop up dev site near Pompano Beach casino for M, amid near record South Florida multifamily pipeline
Business

Investors scoop up dev site near Pompano Beach casino for $29M, amid near record South Florida multifamily pipeline

July 24, 2024July 24, 2024

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

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Related joint venture submits plans for Riviera Beach mixed-use project
Business

Related joint venture submits plans for Riviera Beach mixed-use project

July 22, 2024July 22, 2024

Related Group, BH Group and Tezral Partners submitted plans for a mixed-use multifamily development in Riviera Beach.  The joint venture plans 418 apartments across a

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Prestige scores M construction loan for Davie workforce housing project 
Business

Prestige scores $20M construction loan for Davie workforce housing project 

July 19, 2024July 19, 2024

Prestige Companies can move ahead with a workforce housing project in Davie after landing a $20 million construction loan. A Boca Raton-based entity, Mint 12

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