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Highline Real Estate Capital Unveils $350M Distressed Commercial Real Estate Fun

October 24, 2023

south florida

Highline Real Estate Fund 1, L.P., is set to provide both equity and debt financing to commercial property owners who are facing challenges in selling or financing office, retail, multifamily, and industrial properties. According to David Moret, Principal of Highline, the firm has a strong track rec

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Decline in Miami-Dade Housing Prices Continues for Third Consecutive Month...

October 24, 2023

south florida

In September, home prices in Miami-Dade County experienced a third consecutive monthly decline, offering some respite to prospective buyers with limited budgets who have been patiently waiting on the sidelines. The median sales prices for single-family houses dropped to $600,000, and for condominiu

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Jesta Group Unveils Ambitious Plans for 18-Story Tower at Iconic Miami Beach Loc

October 25, 2023

south florida

Jesta Group, a Montreal-based company, initially unveiled its intention to revamp the hotels located at 1020 and 1001 Ocean Drive in Miami Beach in September. At that time, Jesta expressed that, in accordance with the state's Live Local Act, their proposed development could reach a towering height o

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Florida Development Company Sells House to Delaware Entity, Mystery Surrounds Tr

October 27, 2023

south florida

Sierra Development 2 LLC, a Florida-based entity managed by Filiberto Sierra, recently finalized the sale of the spec house at 10860 Southwest 67th Court to Skyline Capital Group, a Delaware entity. The ultimate purchaser remains undisclosed. Handling the listing were Michael Martin

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High-End Real Estate: Billionaire Ben Ashkenazy Sells Oceanfront Lot in Golden B

October 27, 2023

south florida

Ashkenazy’s Golden Beach Owners LLC recently completed an off-market transaction, selling the property at 401 Ocean Boulevard to David and Lorena Rodriguez. David Rodriguez holds the position of president at Amicus Medical Group, which operates primary care centers across South Florida. In a note

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The Unstoppable Rise of South Florida as a Premier Global Business Hub Amidst th

October 27, 2023

south florida

Even before the pandemic, South Florida had established itself as a globally recognized brand. It earned the moniker "gateway to the Americas" for both U.S. and international companies seeking opportunities throughout the hemisphere. Recently, it has gained prominence as a hub for

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South Florida’s Office Market Defies National Crisis: Miami Office Rents R

October 27, 2023

south florida

Asking rental rates in Miami-Dade County have surged to a record-breaking $59.46 per square foot in the third quarter, marking a substantial 16.5% increase from the previous year, according to a report by commercial real estate firm JLL. The Wynwood and Brickell areas continue to lead as the most so

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Prominent Real Estate Developer and Pizza Mogul Purchases Renovated Fisher Islan

October 28, 2023

south florida

Public records reveal that Sal and Kathleen Lupoli have acquired unit 5373 at 5373 Fisher Island Drive, a condominium situated in the Bayview Tower, from Rich and Laura Kracum. Jorge Escansena from Luxury Living Realty managed the listing, while Lourdes Alatriste of Douglas Elliman represented the

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New Co-Living Apartments in Wynwood: Pre-Leasing Starting Soon with Affordable M

October 28, 2023

south florida

The Coconut Grove-based firm, in collaboration with W5 Group, the Winter family's investment office, anticipates the completion of the nine-story building at 51 Northwest 28th Street in January, as stated in the developers' recent news release. The development, named i5 Wynwood, will comprise 217 su

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Former Subway Investor Acquires Renovated Palm Beach Townhome, Once Owned by Ber

October 28, 2023

south florida

Bennie and Stephanie Bray, a prominent Dallas-based couple known for their real estate ventures, recently acquired a townhome on the upscale Brazilian Avenue for a sum of $13.9 million. This property, located at 218 Brazilian Avenue, was purchased from Wendy Tirollo. The transaction

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