Miami
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.
Batson-Cook Breaks Ground on 180-Unit FL Student Housing Development
The $54 million project, developed by a joint venture including Kayne Anderson Real Estate Advisors, is expected to come online in the summer of 2018.
Lloyd Jones Capital Names CFO
Raul Ramirez began his career in the tax department of PricewaterhouseCoopers. He has also worked for Toll Brothers, WCI Communities and Morgan Stanley.
Two Roads, GTIS Complete Miami Condos
The joint venture retired the $120 million construction loan that financed development of the 52-story waterfront tower in Miami.
Miller Construction Completes $21M FL Community
The 40-unit Sereno at Bay Harbor Islands was co-developed by Integra Investments and 13th Floor Investments. Designed by Corwil Architects, the property features a curving structure to maximize waterfront views.
Construction Begins on Miami Luxury High-Rise
The apartment building is scheduled for completion in the first quarter of 2019. The owners have retained ZRS Management to provide leasing and management services.
Canadian Developer Lands $50M Florida Community
Cushman & Wakefield negotiated the sale of Cottage Cove, a 468-unit asset in Miami, Fla., on behalf of TM Real Estate Group.