Miami
South FL Condo Market on the Upswing in Dania Beach
Stuart Meyers, chairman & CEO of Meyers Group, talked to Multi-Housing News about Broward County’s rising condo market and how Dania Beach is appealing to developers.
FCP Expands Florida Portfolio
Situated in the Lauderhill submarket, Summit Palms features one- to three-bedroom units across four buildings. Avesta currently manages the asset.
Aztec Group Secures Sale of 27 KSF Fort Lauderdale Site
Broman and Uri Redler of Moderno Development exclusively engaged the company to sell the 27,000-square-foot site. Managing Director Peter Mekras arranged the transaction.
13th Floor, Adler Group Top Off Miami Development
The joint venture’s Motion at Dadeland has 294 units and 8,000 square feet of ground-floor retail space. Amenities will include poolside cabanas, communal sun loungers, party lounge and a coworking center.
Ft. Lauderdale Class A Asset Trades for $53M
Urban Street Development and Fazio Properties recently completed 191-unit luxury community, which is in the city’s urban core. The property was 95 percent leased at the time of the sale.
MORGAN Debuts Miami Luxury Tower
The 20-story Midtown 29 comprises 309 units, more than 12,000 square feet of ground-floor retail and an adjacent six-level parking garage.
One Thousand Museum by Zaha Hadid Tops Off in Miami
On track for an early completion in 2018, the 62-story tower is the late Pritzker Prize winner’s first and final residential skyscraper in the Western Hemisphere.
Berkadia Secures Loan for $97M Florida Buy
Robbins Electra sold the 542-unit property to Advenir. Freddie Mac originated the $80 million value-add, three-year loan.
Advenir Acquires $97M South FL Community
Berkadia closed an $80 million Freddie Mac loan to fund both the acquisition and planned renovations of the 542-unit property.
Pinnacle Completes Miami Mixed-Income Community
The company delivered Pinnacle Heights, a 109-unit community largely designated for residents earning 60 percent or less of the area’s median income. The $35 million property also includes a few market-rate apartments.