Miami
Luxury Taking the Lead in Ft. Lauderdale
The development team of Auberge Beach Residences and Spa spoke to Multi-Housing News about their new luxury project scheduled for completion in the following months.
Miami Beach Condo Project Receives $137M Loan
Kasowitz Benson Torres’ Douglas Heitner, Erik Nygaard and Albert Delgado represented JDS Development Group in the transaction. Jerold Feuerstein of Kriss & Feuerstein worked on behalf of the borrower, Madison Realty Capital.
JV Starts Work on Miami Micro Apartments
Related Group and Block Capital Group broke ground on The Bradley, which includes 175 units ranging from 480 to 1,000 square feet.
South FL Condo Project Lands $17M Loan
The proceeds of the mortgage will finance construction of the luxury community. Site work is underway, with the property scheduled to open by the end of 2018.
Miami Luxury Development Receives $58M Loan
Estate Investment Group secured the construction financing through Florida Community Bank. The community dubbed Soleste Twenty2 is slated for delivery in mid-2019.
Miami-Area Community Receives $32M Take-Out Loan
Berkadia arranged the 12-year loan through Fannie Mae. The community, completed in 2017, is located near the Ronald Reagan Turnpike and Homestead Air Reserve Base.
Northeast Buyers Shift Focus to Miami
Henry Torres, president & CEO of The Astor Cos., talks to MHN about how tax reform has encouraged buyers to look south, and why Coral Gables is proving to be an attractive place for investment.
FL Townhome Development Lands $7M Loan
RARE CRE secured financing for the construction of The Preserve at Hypoluxo, a 44-unit upscale community in Lantana, that includes a retail component.
Demand, Supply Still Sky High in Miami
The city’s multifamily market displays solid fundamentals and a diverse economic profile, although it remains challenged by a substantial amount of new supply.
Carrfour, Green Mills Complete Miami Affordable Housing
Karis Village, an 88-unit community, includes a computer lab, a fitness center and an outdoor barbecue area.