Apartments

Are Developers Overbuilding Apartments in South Florida?

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Are Developers Overbuilding Apartments in South Florida?

Start today for only $1 Subscribe Apartment construction is booming in South Florida, even though the market is past its pandemic-era leasing and rent peak.  “Developers are still very bullish on the Miami story,” said Juan Arias, a national director at CoStar Group. “You have a lot [to be completed] in 2027 and 2028.” After … Read more

13th Floor, Partners Nab Refi for Delray Beach Apartments

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13th Floor, Partners Nab Refi for Delray Beach Apartments

13th Floor Investments and its partners scored a $139 million refinancing for a 420-unit apartment complex in Delray Beach, amid a continuing lending flurry in South Florida.  Coconut Grove-based 13th Floor, Brickell-based Key International, West Palm Beach-based Wexford Real Estate Investors and Boca Raton-based CDS International completed the Savio apartment complex last year at 1874 … Read more