Oak Row Equities and Mariposa Real Estate have reached an agreement to acquire Aimco’s 4.25-acre waterfront property at 1001 and 1111 Brickell Bay Drive for $520 million. This transaction, expected to close in the fourth quarter of 2025, will represent the largest single land acquisition in South Florida to date. The site, zoned for over three million square feet of development…
Oak Row buying Aimco’s bayfront Brickell assemblage for $520M
Oak Row Equities is in line for one of South Florida’s biggest real estate deals. The firm is in contract to purchase a 4.25-acre bayfront assemblage in Miami’s Brickell Financial District for $520 million. Aimco, a Denver-based real estate investment trust, is selling the 32-story Brickell Bay Office Tower at 1001 Brickell Bay Drive and the adjacent 31-story, 357-unit Yacht Club…
Oak Row Equities To Pay Record $520M For Miami Waterfront Property
Oak Row Equities is about to pay $520M for a waterfront land assemblage in Miami’s Brickell neighborhood, the highest price ever paid for land in the city. Oak Row is under contract to buy 4.25 acres at 1001 and 1111 Brickell Bay Drive, according to a U.S. Securities and Exchange Commission filing by the seller, Apartment Investment & Management Co.
Miami developers start new year with record $520 million deal for rare property
Developers kicked off 2025 by announcing the priciest commercial property deal on record in Miami’s only neighborhood that allows the construction of supertall towers, the latest sign of a development surge across the city’s financial district. Oak Row Equities, a private equity and real estate development firm based in New York and Miami, and Mariposa Real Estate…apartment complex built in 1998.
‘Landmark Development That Will Redefine Miami’s Skyline’ Planned at $520M Brickell Site
Developer Oak Row Equities and Mariposa Real Estate announced they have entered into an agreement to buy a property in Brickell, with plans for a major development. It will be the largest land acquisition in Miami’s history, at $520 million, when the deal closes. Ultra-luxury condominiums are planned. In a statement, Oak Row said it envisions…
2025 Brings a Major Milestone and Closure for Mandarin Oriental on Brickell Key
Twenty-twenty-five will be a bittersweet year for Mandarin Oriental, Miami. On one hand, the property is celebrating a milestone as it marks 25 years in operation. However, the hotel has also announced it will officially close on May 31 to make way for a new chapter. The space will remain shuttered until 2030, making way for an entirely new Mandarin Oriental, Miami property…
45-Story Viceroy Tops Off In Brickell
Another tower has topped off in Brickell. The 45-story Viceroy Brickell was actually announced as being topped off in late October. Now, the upper roof structure of the tower is taking shape, a new photo by Due Italiani a Miami shows. Viceroy Brickell will include 420 residential condos upon completion, along with amenities. Baccarat Residences, a 75-story tower…
Demolition Prep Underway At One Brickell City Centre for 977′ Office Development
Demolition preparation work is underway at a building on the One Brickell City Centre site, according to photos by Phillip Pessar. Records show that a demolition permit is still in review. This would be the last remaining building needed to clear the site. Demolition of another building on the site has already been completed. One Brickell City Centre is planned to have around 1.5M…
Plans Announced for $500 Million Mixed-Use Tower, The Helm, in Miami Design District
Helm Equities has unveiled plans for The Helm, a $500 million mixed-use tower slated to rise in Miami’s Design District. The announcement marks a significant evolution from an earlier proposal in 2022, which envisioned a much smaller office building for the same property. The new project will include residential units alongside commercial and retail spaces…
Terreno drops $196M for warehouses in Doral, marking one of last year’s top industrial deals
Terreno Realty bought three warehouses in Doral for $195.6 million, marking one of last year’s top industrial deals. The Bellevue, Washington-based firm bought the buildings that span 495,000 square feet on a 23.4-acre site at 7725-7785 Northwest 41st Street, according to a Terreno news release. Santa Monica, California-based GLP Capital Partners is the seller…
Commuter rail plan deletes station on Miami Dade College land
The cost of long-awaited North Corridor commuter rail to Hard Rock Stadium has risen again, its use has been put off again, and it no longer will have a station promised on Miami Dade College’s North Campus, the Citizens’ Independent Transportation Trust has learned. Furthermore, every earlier study of the system is being repeated. So now rail completion is estimated…
Valoro Capital bought an office building in Miami Beach for $22.7 million, marking a slight discount off its purchase price a decade ago. The deal comes at a contradictory time… as landlords feel the sting of elevated interest rates and higher expenses. Brickell-based Valoro Capital purchased the property at 1680 Meridian Avenue, according to the buyer’s news release.
Miami Beach set to take big step to join Blue Zones
Miami Beach is preparing to embark on a journey to improve the community’s wellbeing and become a Blue Zones city as it is set to launch Blue Zones Ignite, an in-depth readiness and feasibility assessment, this February. The Blue Zones Project website says it seeks “to improve the overall well-being of an entire community’s residents. Well-being is a measure of a person’s…
Miami Center for Mental Health faces pivotal February vote
The long-awaited Miami Center for Mental Health and Recovery is one step closer to opening its doors as a key vote scheduled Feb. 4 by county commissioners on its operating plan, contracts and budget for the next five years marks a milestone for the first-of-its-kind center that targets the intersection of mental health and the cycle between homelessness and incarceration.
HCA Florida Aventura Hospital, HCA Florida Mercy Hospital reveal construction projects, upgrades
HCA Florida Aventura Hospital and HCA Florida Mercy Hospital are in the midst of multiple upgrades and new construction. “We finished one of our brand new cath labs,” said Carolyn Hunter, chief operating officer of the Aventura hospital, “and we have one more that’s set to open in the spring of 2025. We also have finished renovation of our gastroenterology suite…
Baron buys out MG Developer’s interest in two South Florida projects
Baron Property Group has taken full control of two apartment projects in Hialeah and near Coral Gables after buying out its partner, MG Developer. “We made a deal that made sense for the both of us,” Matthew Baron, president of his eponymous New York-based firm, told The Real Deal. “Both sides were happy with it. And the buyout doesn’t change the timeline for either project.”
Alirio Torrealba: Shifts from auto dealership career to drive MG Developer
Born in Caracas, Alirio Torrealba began his professional journey in the automotive industry, representing global brands like Ford and Kia with a career spanning over 25 years. But his entrepreneurial spirit eventually led him to a new chapter in Miami, where he transitioned into real estate development as the CEO of MG Developer. Founded in 2014 and headquartered…
Anyone that has had the pleasure of driving across the bridge to Key Biscayne, or even better, to walk, bike, or run on it, has to have noticed what a great view one gets of Miami’s rapidly growing skyline, the 3rd most dense in North America. What one can lose track of is just how much that skyline view has changed over time. SCROLL DOWN to check out these Google…
Demolition Permit Issued for Tower 36 Site at 3601 Biscayne Boulevard in Edgewater
The Tower 36 site at 3601 Biscayne Boulevard has received its demolition permit, marking a significant step toward the next stage of development. The permit, issued on December 18, lists Service Stations Maintenance, Inc. as the contractor for the demolition, with the work valued at $38,000. The site spans 1.6 acres and includes three parcels at 3601 Biscayne Boulevard…
At-Rate Apartments Proposed for 19121 NE 25th Avenue in Ojus
Developers have filed a pre-application for a project our sources call “the West Aventura 74”, a residential development in Ojus. The project would comprise about 105,000 square feet of new construction, featuring 74 apartments in eight stories. The studio to three-bedroom homes would span 543 to 1,401 square feet each. They would be marketed as at-rate homes…
36-Story The Helm Planned In The Design District
Plans have been announced for a $500m mixed-use tower in the Design District called The Helm A much shorter office tower had been announced as being planned for the same property in 2022. Now, the building will be much taller and include residential units, thanks to Florida’s new Live Local Act. The Helm is planned to rise 36 stories and include: 162 branded residences…
First Glass Installed At 100-Story Waldorf Astoria Hotel & Residences
The Waldorf Astoria Hotel and Residences Miami has reached another construction milestone. The building had its first glass installed late last month. Construction appears to be advancing much more quickly now that the building is out of the ground, after a June foundation pour. The shell of the building also surpassed a neighboring building in height last month.
Miami’s Largest Office Tower Has A Giant New Rooftop Butterfly Mural
A giant butterfly mural has been completed on a rooftop at the Southeast Financial Center in downtown Miami. The mural was done freehand by Mantra, a French artist. It showcases 18 butterflies that can be found in downtown Miami and around Florida. It took 400 hours and 200 gallons of paint over a six week period to complete, according to Designboom.
520-Room Airport Westin Hotel Connected To Terminal Set To Break Ground at MIA
Construction is about to begin on new Westin hotel directly connected to the terminals at Miami International Airport, according to CBS Miami. Groundbreaking is planned for January 2025, with completion in December 2027. Passengers will be able to walk from MIA’s terminals to the new hotel via a pedestrian footbridge. The hotel will have 520 guest rooms.
Kapstones expands into South Florida, buys Radisson-branded hotel for $22M
Kapstones is planting its flag in Miami by acquiring a Radisson-branded hotel for $22 million. An affiliate of Sarasota-based Kapstones, led by CEO Marc Gagliardi, bought the Radisson Red Miami Airport at 3401 Northwest 25th Street, records and real estate database Vizzda show. The buyer also took over a $15.3 million Centennial Bank loan secured by the six-story building…
Publix’s buying spree continues with $40M North Miami acquisition
Publix rang up another South Florida shopping center deal, paying $40 million for a North Miami site anchored by one of its stores. The The latest purchase is a 61,858-square-foot Publix store and pharmacy, a 28,330-square-foot strip mall, a four-story office building and two outparcels at 12700, 12800, 12864 and 13000 Biscayne Boulevard, records show.
The Haccoun family’s firm proposes a 90-unit workforce rental building in Goulds, as developers continue to seize on demand for below-market housing in South Florida. Bay Harbor Islands-based Monceau Real Estate wants to build a four-story building on a nearly 2-acre development site on the northwest corner of Southwest 216th Street and Southwest 119th Avenue…
Developer Submits Bid For Historic Courthouse Building
A developer has submitted an offer to purchase the historic Dade Civil Courthouse at 73 West Flagler in downtown Miami, according to Miami Today. GFO Acquisitions LLC, which is a subsidiary of GFO Investments, submitted the bid of “about” $52.3 million. Marisa Galbut is the CEO and president of of GFO, with Russell Galbut the chairman. The developer plans a mostly…
Worldcenter Metromover Station Closes For ‘Major Renovation’
Miami-Dade transit said it is closing the Park West Metromover station, beginning today. Closure of the station is expected to last up to six months. A “major renovation” is planned, with the upgrades being a key component of the Miami Worldcenter project. The enhancements will include, replaced tiles, new entrance canopies, refurbished escalators, new seating…
Total Demolition Permit Issued For Tower 36 Site
Miami’s Building Department has issued a total demolition permit for the Tower 36 site. The permit was both approved and issued on December 18. In Early December, developer One Thousand Group announced it had closed on the acquisition of the former gas station for $53M. Tower 36 will include branded residences, in a tower designed by internationally renowned…
Developer Proposes 90-Unit Workforce Housing Development in Goulds
Monceau Realty has filed plans for a 90-unit apartment complex in Goulds, one of Miami-Dade County’s fastest-growing neighborhoods. The proposal, submitted through Goulds 176 Estates LLC and led by Julien Haccoun, targets a 1.94-acre site at 11905 and 11915 SW 216th Street. The property, currently hosting only a duplex, was acquired for $4.2 million in 2023…
Four-Phase Project Planned for JHS Campus at 1500 N.W. 12th Avenue in Miami
The Public Health Trust of Miami is moving forward with a four-phase, mixed-use venture connected to the city’s largest hospital. The Related Group’s affordable housing branch has a 3.3-acre parcel under contract from Jackson Health System, which currently hosts a parking garage and the 691,584-square-foot Jackson Medical Tower office.
Terra has secured $291 million in permanent financing for the first phase of Centro City, a 38-acre mixed-use development located in Miami-Dade County’s West Little Havana neighborhood. The project, spanning residential and retail components, marks a significant milestone as leasing begins and tenants prepare to move into the completed phase.
Terra Receives $291M Financing Package for Centro City Mixed-Use Development in Miami
Locally based development firm Terra has received a total of $291 million in permanent financing for the recently completed first phase of Centro City, a 38-acre mixed-use development located just west of Miami’s Little Havana neighborhood. Phase I comprises 350,000 square feet of retail space, as well as three eight-story multifamily buildings that house 470 market-rate…
Terra Secures $187M for Miami Project’s Apartment Component
Terra has secured $291 million in permanent financing for the first phase of Centro City in Miami-Dade County. The 38-acre, newly-completed mixed use development benefits from two loans from separate lenders which will be used to pay off the development’s existing construction financing. Apollo Global Management and Mack Real Estate Credit Strategies…
David Martin’s Terra nabs $291M refi for mixed-use project near Miami’s Little Havana
David Martin’s Terra scored a $291 million refinancing for the recently completed first phase of a 38-acre mixed-use project near Miami’s Little Havana. The Coconut Grove-based developer secured a $187 million loan from JVP Management secured by three eight-story buildings with 470 apartments. The buildings are expected to have their first tenants move in this March…
Location Ventures’ Miami Beach dev site sells for $18M — but investors are frozen out
Another piece of Rishi Kapoor’s former real estate empire sold for $17.5 million, but the deal froze out more than 30 co-living condo buyers. Bernice Lee, a court-appointed receiver overseeing Kapoor’s defunct Location Ventures, completed the sale of the unfinished Urbin Miami Beach co-living condominium project at 1234 and 1260 Washington Avenue in Miami Beach…
Developer Proposes 90-Unit Workforce Housing Venture for 11905 SW 216th Street in Bay Harbor Islands
Bay Harbor Islands-based Monceau Realty has filed a pre-application for a garden-style housing development in Miami-Dade County. The four-story complex would comprise 90 apartments featuring three different layout plans. Our sources indicate that homes would include one-bedroom and two-bedroom floorplans, measuring 535 to 766 square feet each.
Prive sues South American partners for more than $20M in damages
Usually, when a South Florida real estate project goes haywire, it’s the investors accusing the developer of a double-cross. But the tables have turned, according to a recent lawsuit filed in Miami-Dade Circuit Court. Prive Group and Javier Rabinovich, the North Miami Beach-based firm’s CEO, are seeking roughly $20 million in damages from six Peruvian investors: Cesar Augusto Paniagua…
Terreno Realty Acquires Industrial Park in Doral for $195.6M
Metro Seattle-based Terreno Realty Corp. has acquired Terreno Doral Air Logistics, an industrial park in the Miami suburb of Doral, for $195.6 million. The seller was not disclosed. Located at 7725-7785 N.W. 41st St., the facility is situated near the Palmetto Expressway and Miami International Airport. The property provides 110 dock-high loading positions, 36-foot clear heights…
After brief retail spending spree, Easton returns to its South Florida industrial roots
Easton Group is back in the industrial game after a short retail spending spree in recent months, buying its partner’s interest in a Doral warehouse for $26 million. An affiliate of Easton, a family-run firm led by Ed Easton that is based in Doral, is the new owner of 25th Logistics Center, a 105,000-square-foot industrial facility at 9880 Northwest 25th Street, records show.
A joint venture between Taubco and Landau Properties has secured a $74 million construction loan for One Kane Concourse, the only Class A office development on Bay Harbor Islands in Miami. The 125,000-square-foot project is also the only Miami office building that will offer private boat access and dockage. 3650 Capital provided the loan. Located at 9551 E. Bay Harbor…
Regency Development Group landed a $55.7 million construction loan for a luxury waterfront condo project in Bay Harbor Islands. The deal adds to a torrent of financings in South Florida this year, as the region defied an expected slowdown due to elevated interest rates. Miami-based Regency plans the eight-story La Maré Regency Collection building with 33 condos…
Terra launches sales for Well-branded condos in Coconut Grove
In step with New Year’s health-and-fitness resolutions, David Martin is launching a Coconut Grove project designed for the wellness zealot. David Martin’s Terra launched sales of its second Well-branded condo project in South Florida, this time an eight-story, 194-unit planned development in Coconut Grove, according to a press release.
Neology Development Obtains $63.5M Bridge Loan from Starwood for Miami Multifamily Project
Neology Development Group has obtained a $63.5 million bridge loan from Starwood Property Trust to pay off the construction loan for Fourteen Main Street Residences, a multifamily development located along Miami’s historic 36th Street. Berkadia arranged the original $57.5 million construction loan through Churchill Real Estate to fund Neology’s third project in Miami’s…
Miami Office Activity Takes a Dive in Q4 as ‘Market Stabilizes to New Normal’
Leasing activity for the fourth quarter in Miami’s office sector has dropped 24 percent year-over-year to 3.7 million square feet, a report from Avison Young finds. Also, absorption hit negative territory at -51,370 square feet. That comes despite strong demand earlier in the year; in the second quarter, nearly +200,000 square feet of space was absorbed. Vacancy ticked up by 110 bp…
Developer Secures $107.6M Construction Loan for Luxury Condo in Surfside
Fort Partners, the developer behind the Four Seasons Residences at the Surf Club, has secured a $107.6 million construction loan to develop a 10-story luxury condominium at 9163–9165 Collins Avenue in Surfside. Designed by ODP Architecture & Design, the project will feature 14 expansive units and a subterranean parking garage with 32 spaces.
One Thousand Group and Terra have secured a $285 million construction loan for Villa Miami
One Thousand Group and Terra have secured a $285 million construction loan to bring Villa Miami to life in Miami’s East Edgewater neighborhood. As the first-ever residential tower branded by the world-renowned Major Food Group (MFG), the 650-foot-tall waterfront condominium is set to become a new architectural landmark on Biscayne Bay featuring 70 private residences…
NoMi Citywide Revitalization in Motion
During a Nov. 26 North Miami council meeting, developers unveiled plans for a transformative 22-story residential tower at 1200 North Bayshore Dr., near the bay. The project, featuring 267 units and 422 parking spaces, was pitched as a driver of economic growth for the area, all the while sparking an active debate among the project’s representative and several council…
Ferraro Law Firm is ditching Brickell in favor of Edgewater. The law firm leased 28,000 square feet at Oak Row Equities’ mixed-use tower at 2600 Biscayne Boulevard in Miami, where it will move in 2026, according to the tenant’s news release. The space is bigger than Ferraro Law Firm’s current 22,000-square-foot office at 600 Brickell Avenue in Miami, where the firm’s lease…
These were 2024’s biggest news stories in South Florida real estate
This year saw record prices for waterfront homes and new projects launched by developers, buoyed by enduring demand. On the flip side, South Florida’s office market slowed down. High interest rates stifled multifamily. And residential brokerages adapted to changes brought by a landmark settlement in the class action lawsuit filed against the National Association of Realtors…
Referral Firm For Lawyers Nearly Doubling Size Of HQ In Move To Coral Gables
The No-Fault Group is almost doubling its office space, relocating its Miami headquarters in Doral to a penthouse in Coral Gables. The medical and attorney referral service company signed a lease for almost 22K SF of office space at 2990 Ponce in Coral Gables, according to a release. Colliers’ Stephen Rutchik and Kevin Gonzalez represented the landlord, Dallas-based…
Estate Cos. Receives $78M Construction Loan for Luxury Apartment Development in Davie
The Estate Cos. (EIG), a South Miami-based multifamily developer, has received a $78 million construction loan for its luxury apartment development in the north Miami suburb of Davie. Banesco Bank provided the loan for Phase I of Soleste Reserve, an eight-story property situated on 2.5 acres that features a selection of floor plans ranging from 500 to 1,100 square feet.
Related, BH and Pebb score approval for Office Depot campus mixed-use project
A partial redevelopment of Boca Raton’s Office Depot campus won a key city approval. On Thursday night, the Boca Raton Planning and Zoning Board voted in favor of a site plan by Related Group, BH Group and Pebb Enterprises to replace an existing office building with an eight-story building with 500 apartments, nearly 43,000 square feet of retail and restaurant space…
New Jersey Developer Acquires Plaza Del Mar at 250 South Ocean Boulevard in Manalapan
Garden Commercial has added to its Florida portfolio with the acquisition of Plaza Del Mar, an 83,841-square-foot shopping center located at 250 South Ocean Boulevard in Manalapan. Positioned at the intersection of Ocean Avenue and A1A, the upscale, grocery-anchored retail destination is directly across from the Eau Palm Beach Resort & Spa, offering a prime…
Garden Commercial is diving into South Florida’s Publix-anchored shopping center frenzy for its first purchase in the tri-county region. The Short Hills, New Jersey-based firm, a subsidiary of Garden Homes Management, paid $37 million for Plaza Del Mar at 201 South Ocean Boulevard in Manalapan, records and real estate database Vizzda show.
The Church of Jesus Christ of Latter-day Saints’ real estate arm dropped $102.4 million for an apartment complex near Wellington, marking its continued investment in South Florida. Property Reserve, which invests the church’s reserve funds into commercial real estate, bought the 284-unit Elan Polo Gardens at 4310 Chukka Lane in unincorporated Palm Beach County…
Cabot acquires Lake Park complex for $91M as warehouse deals surge
Cabot Properties joined the list of South Florida’s top industrial buyers in 2024 after paying $91.3 million for a recently completed industrial complex in Lake Park. An affiliate of Boston-based Cabot, led by CEO Franz Colloredo-Mansfeld, purchased Silver Beach Industrial Park from the project’s co-developer, Los Angeles-based American Realty Advisors…
Steve Ross, the billionaire developer shunning retirement to continue working in South Florida, is on a refinancing roll. His company, Related Ross, scored a $150 million loan for its convention center hotel in downtown West Palm Beach. New York-based BDT & MSD Partners provided the loan, which refinanced an existing $105 million debt and bumped it up by $45 million…
Cleveland Clinic plans outpatient center at Steve Ross project in downtown West Palm
Cleveland Clinic is planning an outpatient center at one of Steve Ross’ projects in downtown West Palm Beach in addition to a separate new hospital elsewhere in the city. Cleveland Clinic will lease 120,000 square feet at the 15 CityPlace tower that Ross’ Related Ross plans to develop, according to a Cleveland Clinic news release. It will offer chemotherapy and infusions…
Steve Ross trades New York state of mind for West Palm Beach
During the pandemic, Steve Ross took refuge in his historic Palm Beach estate, known as the Reef. But the now 84-year-old wasn’t just weathering the coronavirus nor relaxing on the two sprawling oceanfront acres in his golden years. Ross — billionaire, developer, lawyer, philanthropist, and Miami Dolphins owner — was there to reimagine West Palm Beach, the city over…
SJC sells Whole Foods-anchored shopping center in Palm Beach County for $49M
SJC Ventures sold a Whole Foods-anchored shopping center for $49.2 million to a Russian investor beefing up his South Florida retail portfolio. An entity managed by Boca Raton-based investor Yevgeniy Yermakov acquired Boynton Beach Marketplace at 7395 Boynton Beach Boulevard in Palm Beach County, records and real estate database Vizzda show.
Q4 2024 Preliminary National CRE Trends
Multifamily Continued to Defy the Supply Shock, Office’s Vacancy Rate Broke Another Record, Retail Rents Drift Higher with Tight Supply, And Industrial Maintains Status Quo The Federal Reserve’s battle against inflation continues to remain important as the prolonged economic soft landing endures. Three rate cuts by the FOMC throughout 2024 helped…
Here’s What It Costs To Build the Office Tenants Say They Want
The higher cost of construction and design services for office space has cooled in parts of the United States, a change that some project professionals hope is a sign that tenants and landlords could look to resume stalled or delayed plans for interior renovations. Design and construction costs are expected to climb about 2% this year in some U.S. markets, according to a new…
The chart above is of the 5-Year breakeven inflation rate, commonly referred to as the TIPS spread, for the five year period ending on January 7, 2025. This illustrates the difference in the yields, i.e. the spread, between United States Treasury bonds and Treasury Inflation-Protected Securities (TIPS) of the same maturity. This is a useful and frequently quoted measure…
As we head into 2025, we want to review where we are in the self storage cycle. The industry is known for its dramatic swings, so the question we try to answer below is where we think we are. I got into the industry 10 years ago and at the time wrote that the industry was approaching the peak of oversupply. Today, we find ourselves at the complete other end of that spectrum.
DOJ widens case against landlords
The Department of Justice is expanding its price-fixing lawsuit against real estate software company RealPage, accusing six landlords of unlawfully conspiring to raise rents. The property managers — which include Blackstone, Cushman & Wakefield and Greystar Real Estate Partners — allegedly shared prices to manipulate rents using RealPage, which was initially sued by the DOJ…
JP Morgan: 2025 commercial real estate trends
Following several years of elevated inflation, muted growth and general uncertainty, commercial real estate could be positioned for an upswing. “The industry is poised to be in a better place compared to the last few years,” said Victor Calanog, Global Head of Research and Strategy, Real Estate Private Markets at Manulife Investment Management. “It appears that the landing will…”
Why is 2025 Likely to Have Strong Apartment Demand if Job Growth Has Slowed?
Demand surprised to the upside in 2024, with a calendar year figure totaling nearly 667,000 units absorbed. The expectation is that this should carry forward into 2025, even if the pace of absorption diminishes slightly due to the likelihood of slowing new deliveries. Moderating job growth is a potential demand concern going into 2025. Indeed, job growth…
Miami Herbert’s real estate programs pave the way in commercial real estate education
Miami’s vibrant urban development, thriving tourism, and business-friendly environment make it the perfect place to study real estate. The city’s constant evolution, with new developments in commercial, retail, and healthcare real estate, provides undergraduate and graduate students at the University of Miami Patti and Allan Herbert Business School with ample…
Dubai-based developer of Surfside collapse site plans $20B US data centers investment
The developer of the Surfside collapse site plans to pump at least $20 billion into data centers across the U.S. Dubai-based Damac Properties, led by Hussain Sajwani, will target data centers in Arizona, Illinois, Indiana, Louisiana, Michigan, Ohio, Oklahoma and Texas, President-elect Donald Trump announced at a news conference on Tuesday, CBS News reported.