Miami
Meridian Secures $22M in Financing for Luxury Development
Avery Place at Pompano will be an eight-story, Class A community with 145 luxury rental units and workplace studios ranging between 800 and 1,200 square feet.
CLP Makes First Foray into Southern FL
For its first acquisition in Palm Beach County, the privately held New York-based real estate firm chose Loftin Place, a Class A, mid-rise community completed in late 2015.
Marcus & Millichap Facilitates $30M Sale of Affordable FL Asset
Evan Kristol and Felipe Echarte, first vice presidents of investment, represented the seller, a New York-based investment group, and procured the buyer for Cabana Club Apartments, a 332-unit community for seniors in Miami-Dade County.
Carrfour Secures Grant to House Homeless Vets
The not-for-profit affordable housing developer received the financing from The Home Depot Foundation’s Veteran Housing Grants Program to fund Liberty Village in Miami’s Liberty City neighborhood.
Bainbridge Begins Leasing at Coral Springs Community
The recently completed property provides a wide array of amenities, including a swimming pool surrounded by sun decks and cabanas.
DDG Breaks Ground on Luxury FL Condos
The 30-unit property in Palm Beach began unit sales earlier this year, starting at $1.9 million. Completion of the development is scheduled for late 2018.
On the Market: 5 Interesting Listings for the Week of 7/03/17
This week’s listings include a recently renovated community in San Antonio and a rustic condo asset located right off the slopes in Steamboat Springs, Colo.
TruAmerica Makes 3rd FL Investment
The company purchased the metro Miami community from a joint venture of Robbins Electra and LEM Capital. It plans on making significant upgrades to all unit interiors as well as amenity spaces.
Miami’s Healthy Climate
With substantial job gains and above-average population growth, the city continues to foster positive fundamentals for multifamily. However, rent growth has decelerated to long-term averages, as the overwhelming amount of new supply begins to take its toll.
Miami’s Top 10 Residential Skyscrapers
Boasting the third tallest skyline in the U.S., the city features 225 multifamily towers rising more than 10 stories high. Here are the tallest ones, including several still under construction.