Top condo developers Ugo Colombo and Camilo Miguel Jr. say another wave of New Yorkers is headed to South Florida following Zohran Mamdani’s mayoral election win. But the influx will fall short of that during the pandemic, which propelled South Florida’s market to new heights. “It’s certainly top of mind for New Yorkers to move … Read more
After the pandemic ignited a surge in new-to-market tenants from states such as New York and California to South Florida, Donna Abood believed that the spike would eventually subside. “When we got up to this pinnacle, we thought, ‘OK, we’re gonna plateau,’” Abood, vice chairman and co-head for Savills Florida, recalled while on the main … Read more
Miami Heat coach Erik Spoelstra was forced to helplessly watch on as his $6.6 million Florida home was engulfed by flames in the early hours of Nov. 6—just minutes after he landed back in the Sunshine State from his team’s away game against the Denver Nuggets. Video footage obtained by Florida news outlet Local 10 … Read more
“How many of you were born in Miami?” Carlos Rosso asked the crowd. From the hundreds seated, just a few hands raised. “Each one of you came to Miami, and each one of you needed a condo,” the Rosso Development head said from the main stage at The Real Deal’s Miami Real Estate Forum. “And … Read more
Sam Nazarian sees Miami as a city at the highest echelons of real estate, largely due to the in-migration of recent years. But growing pains linger. “You can’t go backwards. Miami now is one of the most important, if not the most important, cities in the world today, but there are different things that drive … Read more
A trio of billionaires received good news from the Miami Beach Planning Board on Tuesday. The board approved items related to hedge fund manager Ken Griffin’s private yacht marina on Terminal Island, and tweaks to Vlad Doronin and Len Blavatnik’s Aman Miami Beach development. 120 MacArthur Causeway 120 MacArthur Causeway Griffin, founder and CEO of … Read more
Black Salmon, the Boschetti Group and Constellation Group are teaming up with hospitality mogul Sam Nazarian to launch a branded condo tower in Miami’s Edgewater, The Real Deal has learned. Nazarian’s HQ Hotels & Residences by sbe will manage and brand HQ Residences Miami, a planned 35-story, 229-unit high-rise at 422 Northeast 29th Street in … Read more
Miami Beach voters propelled Mayor Steven Meiner and city commissioner Laura Dominguez to second terms, while two candidates vying for an open city commission seat are headed to a runoff. Meiner captured 51 percent of the vote, beating his lone challenger, city commissioner Kristen Rosen Gonzalez, by about 350 ballots, election results show. Dominguez thumped … Read more
For the first time in a long time, Miami’s next mayor won’t be a member of a familial political dynasty. On Tuesday, former Miami-Dade County commissioner Eileen Higgins and ex-Miami City Manager Emilio Gonzalez won first and second place, respectively, in Miami’s mayoral election. However, Higgins did not capture more than 50 percent of the … Read more
The Eichner family’s Continuum Company completed its bulk purchase of a waterfront condo building in North Miami where the firm plans a luxury condo tower. The New York and North Bay Village-based development firm, led by Ian Bruce Eichner, paid $48.5 million for the four-story, 46-unit condo building at 12000 North Bayshore Drive, a spokesperson … Read more