Multifamily news in Miami

Two Roads Development Taps Director of Sales for Miami Tower
Sandra Masis will be the link between Elysee’s developers and Cervera’s in-house sales team. Condo prices at the tower range from $1.5 million to upwards of $10 million.
News
Developer Secures $17M Tranche for Waterfront Miami Tower
Vertical construction of the 57-floor condo building is set to begin in the first quarter of 2018, with completion estimated for 2019.
Luxury
Colliers Facilitates FL Affordable Housing Deal
Colliers Senior Vice President Kevin Morris and Senior Broker Associate Michael Lewin worked on behalf of 1031 exchange buyer Steve Schneider. Palm Lakes Trailer Park, a 120-unit mobile home property in Miami, traded for $6.3 million.
Affordable

  • Aztec Group Welcomes New Managing Director

    Peter Mekras’ industry background includes more than $1.85 billion in closed sales and capital market transactions involving apartment communities, fractured condominiums, developed lots, land, retail and office space.

    04 October 2017 18:40

  • Melo Group Tops Off Miami Community

    Square Station includes 710 units and 15,000 square feet of commercial space for ground-floor retail and restaurant tenants.

    28 September 2017 17:57

  • CBRE Brokers Sale of Ft. Lauderdale-Area Community

    Still Hunter and Chris Smiles of CBRE’s South Florida Multifamily Capital Markets team worked on behalf of the seller in the transaction, while Freddie Mac originated the acquisition financing.

    20 September 2017 17:02

  • Miami Community Commands $37M

    Evan Kristol and Felipe Echarte of Marcus and Millichap’s investment team worked on behalf of the private seller to procure the buyer, Blue Rock Partners, for the transaction.

    15 September 2017 17:02

  • Providers Grapple with Flood Insurance’s Hazy Forecast

    An experienced litigator in the areas of bad faith law and unfair business practices, Royal Oakes analyzes the challenges and opportunities that insurers face in the wake of hurricanes Harvey and Irma.

    13 September 2017 16:56

  • Online Assessment Tool Enables Hurricane Preparedness: JLL

    The professional services firm continues aiding its Houston-area employees in recovering from Hurricane Harvey, while also using its Building Emergency Management Assessment system to evaluate the effects of Hurricane Irma.

    12 September 2017 15:59

  • JV Secures $155M for Miami Condos

    Terra, New Valley, Great Eagle Holdings and Bizzi & Partners secured the construction financing for Eighty Seven Park, a 66-unit tower featuring luxury amenities such as a butler service, juice bar and full-time botanist.

    06 September 2017 15:25

  • Related Lands $52M for FL Community

    JP Morgan arranged the construction loan for Town Southern, located in Royal Palm Beach. The 392-unit community is scheduled for completion in 2018.

    29 August 2017 15:23

  • Fort Lauderdale Luxury Rental to Open in September

    The luxury rental property will offer tenants a wide array of community amenities including an infinity-edge pool, a fitness center, 24-hour concierge staff and a wireless business center.

    28 August 2017 16:10

  • Miami’s 1010 Brickell to Begin Closings

    The 389-unit tower, a partnership of Key International and 13th Floor Investments, underwent 36 months of construction and is currently 99 percent sold.

    28 August 2017 14:18

  • Silverstone Debuts Palm Beach Gardens Senior Housing

    Harbor Retirement Associates operates the 120-unit property, which provides assisted living and memory care services, in addition to HarborChase of Southlake and HarborChase of The Park Cities, both of which are slated to open in the first quarter of 2018.

    23 August 2017 14:20

  • Luxury FL Community Sells for $118M

    Walker & Dunlop closed the investment sale for The Quaye at Palm Beach Gardens. The company worked on behalf of HG Management and PGIM Real Estate to purchase the community in July.

    21 August 2017 17:08

  • TH Real Estate Picks Up 228-Unit FL Community

    The Nuveen affiliate acquired The Atlantic at East Delray in Delray Beach for $54.3 million. An ARA Newmark team represented the seller in this transaction, a joint venture between Pollack Shores and its equity partner.

    21 August 2017 15:13

  • PPD Holdings Eyes $111M to Build, Refi

    The company received $47 million to refinance a pair of Greater Atlanta communities and awaits final approval of $64 million in construction financing for 464 units in Florida.

    18 August 2017 13:21

  • University Developments Brings Student Condos to Miami

    The 492-unit University Bridge Residences will serve Florida International University students and is scheduled for completion in time for the 2020-2021 academic year.

    16 August 2017 14:33