Miami
Galveston Port Starts Work on 4th Cruise Terminal
Galveston Wharves and Switzerland-based MSC Cruises, the world’s third-largest cruise line, started work on the Port of Galveston’s fourth cruise… Read more
PMG Scores $178M Refi on Wynwood Apartments
PMG, alongside Greybrook, secured $178 million in refinancing for the 10-story Society Wynwood mixed-use project located at 176 NW 25th… Read more
Clara Homes Inks Construction Loan for Bal Harbour Project
Clara Homes has rounded up a $53.3 million construction loan for Clara Bay Harbor 100th, a luxury multifamily property development at… Read more
ANF Completes Miami Affordable Housing Project
ANF completed the second phase of Superior Manor Apartments, a 76-unit affordable housing development in Miami’s Liberty City neighborhood. The… Read more
Miami Airport Hotel Trades for $16.2M
B & B Hotels has picked up The Onyx Hotel Miami Airport for $16.2 million and will rebrand it. The… Read more
Miami Office Building Sells at 20% Loss
Fifteen Group sold the 51,806-square-foot office building at 801 W. 41st Street/Arthur Godfrey Road to Igal Haimov for $17.5 million,… Read more
Pura Vida Miami Coming to Brooklyn for Second NYC Location
Rubenstein Partners’ 25 Kent, a mixed-use office, retail, and light manufacturing building located in Williamsburg, Brooklyn, signed a 10-year, 4,089-square-foot lease with Pura Vida Miami, a… Read more
Banks See More Office Loans at Risk of Default
Bank data from the first quarter of 2024 show the percentage of criticized loans — meaning those at greater risk… Read more
SJC Lands $69.4M Construction Loan for Doral Shopping Center
CBRE has secured $69.4 million in construction financing for the development of Doral Marketplace, a new 83,329-square-foot shopping center in… Read more
1,000 Units Okayed in River Rapids
The Miami Urban Development Review Board approved ROVR Development’s proposal to build 1,000 multifamily community units in Miami’s River Rapids… Read more
Sawyer’s Walk Affordable Housing Community Opens Doors
SG Holdings, a partnership among Swerdlow Group, SJM Partners, and Alben Duffie, has completed the housing component of Sawyer’s Walk… Read more
Brickell Highrise Owners Obtain $565M Financing
The owners of 830 Brickell secured $565 million in financing ahead of its delivery this fall. The long-term loan, issued by TYKO Capital… Read more
Residential Rents Post 11th Consecutive Monthly Decline
Rents for residential units fell again in June, with especially large declines in the South, where there’s been an influx… Read more
320-Unit Affordable Miami Housing Project Tops Out
A joint venture between Housing Trust Group and Elite Equity Development has topped out. Naranja Grand Community, a two-phase, $115… Read more
MIA Okays $400M Cargo Handling Expansion
The Miami-Dade Board of County Commissioners approved a minimum of $400 million in private investment to construct a four-story cargo facility at Miami… Read more
39-Story Wynwood Tower Approved
Hidrock Properties and Robert Finvarb Cos. plan to build a 39-story tower on the 0.55-acre site at 2534 N. Miami… Read more
Stephen Ross Stepping Down as Related Cos. Chairman
Stephen Ross, who founded Related Cos. as an affordable housing developer, is stepping down as chairman of the company he… Read more
Aviation Company Building $67M Miami Aircraft Facility
While the contract is still pending, Ocean Aviation plans to invest $67 million in a new private aircraft facility and… Read more