Multifamily news in Miami

South FL Asset Lands Freddie Mac Refi
HFF originated the new $22 million financing package, replacing a previous, floating-rate CMBS loan of $17 million taken in 2015.
Market Rate
Miami Community Lands $36M Refi
Miami Stadium Apartments, the former site of the Miami Marlins minor league stadium, was converted to multifamily housing in 2002 and offers a fitness center, a playground and a swimming pool.
Market Rate
A Look Inside PMG’s X Social Communities
Principal Ryan Shear spoke to MHN about the strategy behind the company’s new housing division, projects underway and the unique features of these modern homes.
Slideshow

  • JV Tops Off Miami Tower

    PARAMOUNT Ventures and CoastalTishman's luxury condo asset, situated within the 27-acre, mixed-use Miami Worldcenter development, comprises 500 units and offers access to various amenities, including a yoga studio, an observatory and a dog park.

    06 August 2018 16:46

  • Construction Surge Dilutes Rent Growth in Miami

    Following another record-breaking year for multifamily deliveries, the metro is on the verge of oversupply. As new units add up to the existing stock, we expect rents to rise 3 percent in 2018.

    06 August 2018 13:36

  • Berkadia Secures FL Student Housing Sale

    The 200-unit community serves Florida Gulf Coast University. A joint venture between Coastal Ridge Real Estate and H. Katz Capital purchased the asset.

    27 July 2018 17:07

  • EJV Buys Vintage Property in FL

    American Landmark purchased a 316-unit community in an equity joint venture with RSE Capital. The new ownership will invest an additional $3.5 million to bring the building to contemporary standards.

    23 July 2018 18:46

  • Miami Asset Commands Record Per-Unit Price

    Colliers International South Florida's Gerard Yetming, Mika Mattingly, Mitash Kripalani and Julian Zuniga represented the seller in the deal and also procured the buyer. The sale price breaks down to $228,750 per unit.

    19 July 2018 13:35

  • Climate Change and Multifamily Values: A Warning from Florida

    Post-hurricane patterns in Miami and other investor favorites suggest that pricing will suffer as storms increase in frequency and severity.

    11 July 2018 14:29

  • A Lender’s View: South Florida Development Going Strong

    Although creditors are starting to grow cautious due to the current real estate cycle, developers in the Sunshine State continue to secure construction financing in a market showing no signs of a slowdown.

    11 July 2018 11:23

  • Creating Legacy Landmarks: Renderings vs. Reality

    Location, timing and the team—these are the key ingredients that JDS Development Group considers when deciding to take on a new project. Founder & Managing Partner Michael Stern discusses the company’s main projects and strategy.

    09 July 2018 12:47

  • On the Market: 5 Interesting Listings for the Week of 6/25

    This week's listings include an heirloom property near Roxbury Park and Century City in Beverly Hills, a community in the heart of Texas that is primed for Fannie or Freddie green financing, and more.

    29 June 2018 13:52

  • Franklin Street Facilitates $2M Miami Sale

    Oscar Banegas, Kameron Djamal and Dan Dratch represented the seller in this transaction. Director of Capital Advisors Tony Gannacone secured financing for Sabal Capital Royal Palms Apartments.

    27 June 2018 13:46

  • South FL Value-Add Property Sells for $44M

    ARA Newmark’s Vice Chairmen Avery Klann and Hampton Beebe, together with Director Jonathan Senn, worked on behalf of the seller in the transaction.

    26 June 2018 14:26

  • Massive Concrete Pour Begins at FL Condos

    Two Roads Development has started construction on Elysee Miami. When completed, the 57-story, 100-unit luxury high rise will be the one of the tallest buildings in the East Edgewater neighborhood.

    21 June 2018 17:11

  • Greystar Completes Suburban Miami Community

    The resort-style Elan Maison in Davie features 394 units and includes a herb garden, a tanning room and a yoga studio.

    13 June 2018 17:12

  • Melo Group Scores $85M Financing for Residential Towers

    Ocean Bank provided the funding for construction of a residential complex comprising two 34-story towers and 667 units in the heart of downtown Miami.

    07 June 2018 19:00

  • Midtown 8 Tops Off in Miami

    Wood Partners developed the 28-story mixed-use development located four miles of downtown Miami. The project is slated for completion by May 2019.

    31 May 2018 17:25