Lennar plans a complex with 146 townhomes in south Miami-Dade County. The project marks the homebuilding giant’s continuing development in south Miami-Dade, where Lennar already is the top residential builder. Miami-based Lennar wants to develop the community, called Villas De San Diego, on a 12-acre site on the southeast corner of Southwest 355th Street and … Read more
Developer Edgardo Defortuna and brokerage head Craig Studnicky said the foreign buyers they work with have not been deterred by the Trump administration’s crackdown on immigration. “They already have their visa, their status or they already own property here, and they’re trying to [purchase] something better, bigger,” Defortuna, CEO of Miami-based Fortune International Group, said … Read more
Success was never a guarantee, and it didn’t happen overnight, but Miami’s market is ripe for brokers seeking momentum. That was the consensus among Danny Hertzberg, Margit Brandt and Dawn McKenna, some of Florida’s top brokers in conversation at The Real Deal’s Miami Real Estate Forum 2025 on Thursday. Each of them had already put … Read more
South Florida’s office market experienced an uptick in investment sales over the past year, marking a comeback after a slowdown. Yet, distress and discounted deals are lingering, as elevated interest rates and other economic headwinds remain. Deal volume reached nearly $2.2 billion in the tri-county region in the 12-month period that ended Sept. 30, marking … Read more
Canadian buyers are retreating from high-end South Florida markets, driven by the Trump administration’s trade and immigration policies and a softer exchange rate, even as Latin American demand remains strong. Canada’s share of foreign buyers shopping for U.S. homes online has dropped to 32.1 percent in the third quarter, from 36.6 percent in the same … Read more
South Florida developers are increasingly looking to EB-5 funding to fill gaps in their capital stacks, as foreign investors rush to participate before the program expires. The visa program, which provides green cards to investors and their immediate families whose funds lead to the creation of 10 full-time jobs for U.S. workers, has a … Read more
The Real Deal‘s Miami Forum is this week. Don’t go unprepared: Here’s a primer on the South Florida real estate market. Macro issues are affecting the tri-county region. President Trump’s immigration policies threaten population growth in South Florida, which trickles down to fewer renters signing leases and an overall drop in consumer spending that affects … Read more
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
Miami market pivots: Where does your business go from here? Miami’s real estate market is approaching a critical point. High interest rates have stalled or canceled major projects in the office and condo sectors, and developers are searching far and wide for fresh equity. Multifamily owners are dealing with stagnating rents in some areas, while … Read more
South Florida’s residential market rallied in September, in a reversal of the region’s monthslong slowdown. Dollar volume in Miami-Dade, Broward and Palm Beach counties surged 13 percent to $4.3 billion, up from $3.8 billion last September, according to Multiple Listing Service data collected by the Miami Association of Realtors. While sales were up, condo prices … Read more