Russell Galbut footed the bill for digital ads that recently popped in New York City’s Time Square, aimed at New Yorkers seeking to flee the upcoming mayoral reign of Zohran Mamdani. Galbut, co-founder of Miami-based Crescent Heights, paid for the billboards that featured a Miami Beach lifeguard stand with a message from the city’s reelected … Read more
A Miami-Dade County committee gave David Martin’s Terra the green light to take over the troubled Miami Seaquarium in Virginia Key. Now the Coconut Grove-based firm will seek approval from the full county commission next month. On Thursday, the Miami-Dade appropriations committee advanced Terra’s proposal to acquire Miami Seaquarium’s lease from the bankrupt company that … Read more
Miami ranks second only to Dubai among global markets for its branded residence pipeline, a newly released report shows. Dubai had 64 completed projects and an additional 87 in the works, with Miami trailing behind with 48 completed projects and 55 planned, according to the report from British brokerage Savills. The numbers reveal a diversifying … Read more
A distressed Holiday Inn site will hit the auction block next month, signaling a possible jumpstart for redeveloping one of the last major parcels in downtown Miami. The property at 340 Biscayne Boulevard, currently home to the 200-key Holiday Inn Port of Miami-Downtown, will be sold through a court-approved bankruptcy auction starting Dec. 3, culminating … Read more
Billionaire Jeffrey Soffer’s plan for a water park at his Fontainebleau Miami Beach resort could splash into approval — or denial — by a key city board next week. The Miami Beach Historic Preservation Board is set to vote on Tuesday on the planned redevelopment of the 1,504-room oceanfront hotel’s outdoor pool area. The waterpark … Read more
Miami’s status as a top destination for real estate developers, brokers, foreign investors and New Yorkers was on full display at The Real Deal’s Miami Real Estate Forum last week. The two-day conference attracted thousands of attendees and dozens of developers, brokers, lenders, architects and other vendors who featured their products and projects at the … Read more
New York City’s Mayor-elect Zohran Mamdani was on the minds of Miami developers, brokers and billionaires last week. His win on Tuesday has fueled a number of memes and social media posts claiming that a mass exodus of wealthy New Yorkers to Florida is already underway. He’s promised to freeze rents on rent-stabilized buildings and … Read more
Multifamily developers Bruce Menin, Erik Rutter and Joe Lubeck say South Florida needs more housing, but skittish equity investment is among the many barriers to entry. The trio, who spoke during The Real Deal Miami Real Estate Forum 2025, pushed back on the notion the tri-county region is struggling with a supply overhang due to … Read more
Real estate industry experts pushed back on the theory that a bubble is forming in Miami that’s about to burst. “This market is built on cash,” said market analyst Ana Bozovic, founder of Analytics Miami, at The Real Deal’s Miami Real Estate Forum. Bozovic spoke on a panel about how developers can survive the market … Read more
Buyers of luxury homes in Miami are demanding costlier designs and flipping their properties more than they did a decade ago, according to panelists who spoke Wednesday at The Real Deal Miami Real Estate Forum 2025. “Doing architecture in Miami allows us to do those outdoor spaces that, in other parts of the country, you … Read more