Multifamily news in Miami

  • Newly Built FL Community Lands $43M Refi

    The new loan assumes part of the original construction loan and provides additional financing to cover the stabilization of the property. Berkadia arranged the deal on behalf of the borrower.

    01 November 2017 14:59
  • Meridian Secures $24M Refi for Miami Asset

    Originated by a New York-based balance sheet lender, the fixed-rate mortgage features a seven-year term and a rate of 3.75 percent. Meridian worked on behalf of the owner, PMC Property Group.

    27 October 2017 12:47
  • Stiles Tapped to Develop Ft. Lauderdale High-Rise

    The 25-story tower will feature 327 units and an array of luxury amenities. This will be the company’s second project with Greystar in the city.

    27 October 2017 12:07
  • Downtown Miami Condo Market Is Finding Its Footing

    After experiencing several ups and downs, the city is becoming an attractive place for investors. For the first time since 2012, the condo pipeline has more units completed than under construction.

    25 October 2017 14:38
  • Waterton Acquires Miami Community for $59M

    Soleste West Gables Phase II is an eight-story, 221-unit Class A apartment community in West Miami, Fla. The company secured the property from a joint venture of Estate Investments Group, Fortune Capital Partners and the Mattoni Group.

    24 October 2017 16:32
  • Job Growth Keeps Market Steady in Miami

    The metro’s economic profile is diverse, but education and health services; leisure and hospitality; and trade, transportation and utilities continue to drive employment.

    24 October 2017 14:56
  • Aston Martin Lends Design Savvy to Namesake Miami Residences

    The sail-shaped, luxury waterfront tower is the sports car company’s first-ever real estate venture. Totaling 391 units, plus duplexes and penthouses, the development is slated for completion in 2021.

    23 October 2017 20:15
  • Aston Martin Residences Breaks Ground in Miami

    Aston Martin and G&G Business Developments' community, the first condominium to begin construction in downtown Miami this year, includes 391 units.

    23 October 2017 17:09
  • Boutique Miami Beach Condos Ready for Move-In

    Designed by Miami-based architect Rene Gonzalez, the luxury property offers a wide range of amenities, including a rooftop garden with infinity-edge pool deck and an outdoor yoga studio.

    23 October 2017 14:46
  • 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.

    10 October 2017 13:56
  • 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.

    10 October 2017 08:25
  • 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.

    09 October 2017 18:05
  • 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