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south florida - News

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Broward County Leasing Slows Down, But South Florida Office Landlords See Increa

November 5, 2023
south florida

During the early stages of the pandemic, South Florida office landlords saw a surge in business activity, leading to a 5.5 percent increase in average asking rents in Miami-Dade, nearly 1 percent in Broward, and 0.3 percent in Palm Beach counties compared to the previous year, according to Colliers

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AEW Capital Management and ZOM Living Secure $75 Million Loan from PGIM Real Est

November 5, 2023
south florida

AEW Capital Management and ZOM Living, in a joint venture, have successfully refinanced MiLine Miami, a Class A mixed-use property located in Miami's Glenvar Heights neighborhood, with a fixed-rate loan of $75 million provided by PGIM Real Estate. The initial phase of MiLine Miami was completed in S

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Real Estate Expert Advises: Now is the Ideal Time to Invest in a Home Market Des

November 5, 2023
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According to an analysis conducted by Global Commercial Real Estate Services, the cost of purchasing a home is currently at its most extreme level since 1996. This challenging housing market is causing significant difficulties for prospective homebuyers. Samuel Tuckerman, a Miami native living downt

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Forecasting the Future: Predictions for the 2024 Housing Market and Potential Pr

November 6, 2023
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According to a report by SmartAsset, a financial technology company, several areas in Miami-Dade County are among the top 50 locations where home values are projected to see a significant increase by the summer of 2024. Here are some of the notable areas and their projected percentage increases:

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Revitalizing Miami: The Transformative Impact of a Thriving Community Along the

November 7, 2023
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In Little Havana, nestled between the Miami River and the Marlins' ballpark, a thriving community has emerged with the completion of two significant housing projects. This development represents a significant victory for a county grappling with a prolonged housing crisis. In August, occupants beg

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The Rise of South Florida: A Magnet for Foreign Investment...

November 7, 2023
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tampa florida

For years, Miami has served as the entry point for investments flowing into Latin America. Now, a new wave of developers is sourcing capital from even more distant corners of the globe, truly globalizing South Florida's real estate landscape. Among these forward-thinking developers are Michael Shvo

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Arroyo Capital Makes Major Investment with $40M Purchase of 37 Acres in Boca Rat...

November 8, 2023
south florida

Arroyo Capital, a land banking firm based in Irvine, California, led by Dan McCann, Leigh Austin, and Jeff Brouelette, purchased 37 acres in Boca Raton for $40 million. This parcel is where Toll Brothers, a Fort Washington, Pennsylvania-based homebuilder, is planning to construct 70 single-family ho

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Ultra-Luxurious Oceanfront Mansion in Highland Beach Sold for $30 Million by Pro

November 8, 2023
south florida

Spec developer Pascal Nicolai recently completed the sale of an oceanfront mansion in Highland Beach for an impressive $30 million. Public records indicate that Nicolai's entity, named after the property's address at 4005 South Ocean Boulevard, facilitated the transaction with a trust bearing the sa

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Riverside Revival: Miami’s New Development Wave Brings Over 10K Residentia

November 10, 2023
south florida

Developers are engaged in a multitude of projects at various stages, ranging from proposals to nearly finished constructions, which collectively aim to introduce 10,500 condo and apartment units along the Miami River. It's worth noting that this tally might be an underestimate, given that the analys

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The Ongoing Attraction of Miami’s Real Estate Market for Home Buyers in 20...

November 12, 2023
south florida

A recently released report suggests that in 2024, Miami, among four Florida cities, could be a prime destination for prospective home buyers. According to Jeff Polashuk, Regional Vice President of Compass Florida, the anticipation of mortgage rates hovering around 8% is expected to result in increas

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