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Terra's David Martin Acquires Stake in Deauville Miami Beach Site, Announces Reconstruction Plans

Developer David Martin has acquired a minority stake in the former Deauville Beach Resort site, a property that billionaire developer Stephen Ross had under contract two years ago. Deauville Associates, led by the Meruelo family, sold a 25 percent interest in the 3.8-acre oceanfront property...

Apr 12, 2024

Florida's Ritziest Neighborhoods Surpass California and New York in Real Estate Wealth Growth

Florida's elite neighborhoods, such as Coral Gables and Naples, have made a striking ascent, surpassing traditional high-value markets in California and New York. Zillow Group Inc. data reveals a significant shift: while California held six of the ten priciest neighborhoods in February 2020, Florida and...

Apr 12, 2024

Record-Breaking $18 Million Sale Marks Bay Harbor Islands' Priciest Single-Family Home Transaction

Matias Alem and Sergio Balinotti at BRG International facilitated this high-profile transaction and represented the buyer. Jill Hertzberg and Danny Hertzberg of the Jills Zeder Group at Coldwell Banker acted on behalf of the seller. In a landmark transaction for the bayfront enclave, a sprawling...

Apr 12, 2024

South Florida's 2024 Forbes Billionaires: A Mix of Familiar Faces and New Entrants

The 2024 Forbes World's Billionaires List sees a notable presence from South Florida, featuring a blend of recurring honorees and five local newcomers, including the CEO of a top public company and a seasoned homebuilder. Forbes reported a record-breaking number of billionaires worldwide, totaling 2,781...

Apr 05, 2024

Auberge Resorts Collection to Oversee The Shore Club Resort & Residences in Miami Beach Transformation

Auberge Resorts Collection, renowned for its exquisite luxury hotels, resorts, and residences, has been chosen by the Miami-based developers Witkoff and Monroe Capital to manage The Shore Club Resort & Residences, Auberge Resorts Collection in Miami Beach. Set to reopen in 2027, the rejuvenation of...

Apr 05, 2024

Jeff Bezos Expands Exclusive Miami Property Portfolio with $90 Million Purchase

Jeff Bezos, the billionaire Amazon founder, continues to broaden his real estate footprint in Miami as part of his relocation from Seattle. His most recent acquisition, a $90 million purchase of a third residence on Indian Creek Island, underscores his commitment to the exclusive enclave,...

Apr 05, 2024

Ytech Secures $78 Million Financing for The Residences at 1428 Brickell

Miami-based luxury developer Ytech has recently closed a $78 million financing deal for The Residences at 1428 Brickell. This soaring 70-story condominium tower has already achieved a remarkable 40% sales rate of 189 units. Cervera Real Estate manages the project's sales. Linkvest Capital provided the...

Mar 29, 2024

Turnberry Secures $172 Million Loan for Luxury Condo Tower at SoLé Mia Project in North Miami

Turnberry, led by Jackie Soffer, has successfully obtained a $172 million construction loan for its upscale condominium tower within the SoLé Mia mixed-use development in North Miami. Arkansas-based Bank OZK provided the mortgage for Turnberry's One Park Tower project. Berkadia's Scott Wadler, Alec Fox, Mitch...

Mar 29, 2024

Florida Governor Signs Bill Easing Demolition Rules for Aging Coastal Properties

[caption id="attachment_65509" align="alignnone" width="1024"] Florida Governor Ron DeSantis has recently approved a contentious bill to facilitate the demolition of aging coastal properties, marking yet another legislative victory for developers in the state.Senate Bill 1526, now signed into law, effectively removes the authority of local municipalities...

Mar 29, 2024

Exploring the Motivations Behind Billionaire Buyers' Fascination with Miami's Priciest Penthouses

A mystery buyer has made waves in the real estate world with plans to invest over $120 million in the penthouse at the Shore Club, an Auberge-branded luxury condo development poised along the ocean in Miami Beach. While the deal won't be finalized until the...

Mar 22, 2024

PMG Unveils One Twenty Brickell Residences: A Fusion of Luxury Living and Workspace Innovation

PMG proudly presents One Twenty Brickell Residences, a distinctive 34-story residential tower that will grace the heart of Brickell. This exceptional development at 120 S.W. 8th Street will offer 240 fully finished and furnished residences, each accompanied by a pioneering deeded office suite—a first in...

Mar 22, 2024

Swire Properties Reveals First Glimpses of The Residences at Mandarin Oriental at Brickell Key

Developer Swire Properties has recently unveiled a sneak peek of The Residences at Mandarin Oriental, Miami, signaling the commencement of sales in Spring 2024. A preview lounge has been inaugurated at the Mandarin Oriental, Miami Hotel, granting visitors a tantalizing glimpse into this upcoming luxury...

Mar 22, 2024