Miami
The Financial Crisis Anniversary: How Miami’s Condo Market Survived
SPACiO Design Build Founder & President Alexander Wertheim revealed how he set up and grew his general contracting business in the middle of the recession. He bet on condos and won.
Palace Group Unveils FL Luxury Senior Housing
The Palace at Weston Senior Living will feature 300 studios and one- and two-bedroom independent living, assisted-living and memory-care apartments. The project is scheduled to break ground in 2018 and be completed in 2019.
TA Realty Pays $135M for South Florida Community
The Related Group and its partners sold the property, which is part of the 55-acre CityPlace Doral development in the Miami area.
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.
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.
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.
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.
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.
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.
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.