Miami
Fort Lauderdale Luxury Tower Lands $140M Refi
SunTrust Banks Inc. originated the Freddie Mac loan. Built in 2017 by Related Group, Rabina Properties and Perella Weinberg Partners, Icon Las Olas provides 272 apartment units.
2 Florida Projects Get $67M in Construction Loans
Developers in Miramar and Palm Bay plan to build communities with 280 units and 197 units, respectively. Hunt Real Estate Capital provided the HUD financing.
Florida Community Sells for $92M
The buyer, American Landmark Apartments, plans an additional $6.2 million in capital improvements at the 448-unit community located in Boca Raton.
JV Opens Affordable Senior Community in Metro Miami
The $36 million development is an age-restricted community encompassing 110 units in Broward County. Housing Trust Group and Miami Jewish Health Systems broke ground on the project in 2018.
Estate Investments Group Tops Off 2 Miami Communities
The properties total 517 units, broke ground last year and are slated for completion in November 2019 and January 2020, respectively.
Condo Prices Tick Up in Downtown Miami
Americans are buying more condos as foreign capital eases back, while multifamily developers rush to meet rental demand, according to a new report by the Miami Downtown Development Authority.
Miami Multifamily Report – Spring 2019
Solid economic fundamentals and population gains continue to fuel the metro’s apartment market. Some 13,300 units were delivered last year and more than 26,000 were underway as of February.
AKAM to Manage Metro Miami Luxury Property
The 113-unit condominium development is the newest residential construction built inside the Boca West Country Club in more than 15 years.
Miami Luxury Community Welcomes First Residents
Pinnacle Housing Group and Ascend Properties own the 272-unit Class A property that broke ground at the end of 2017.
Fort Lauderdale-Area Community Trades for $59M
Bar Invest Group Inc. scooped up the 405-unit apartment property in the suburb of Lauderhill, Fla., from Turner Impact Capital. HFF brokered the sale of the 24-building project built in 1989.