News
Michael Stern's JDS to bring on partner Jeff Soffer at Mercedes-Benz Miami project, working on $1 B loan
4+ day, 19+ hour ago (329+ words) Affiliate has been in foreclosure litigation with lender Cottonwood Michael Stern's JDS Development Group is nearing a deal to bring on Jeff Soffer's Fontainebleau Development as a partner and secure an over $1 billion loan for the Mercedes-Benz Miami condo project,…...
Developers pay off $115 M in Miami construction loans as condos near sellout
2+ week, 4+ hour ago (468+ words) South Florida developers knocked out a combined $115 million in construction loans for Miami condo towers that are nearly sold out, as the demand for hospitality-branded residences heats up in the region." North Development paid off a $70 million loan to Forman…...
OKO plans 53-story tower at epicenter of Miami condo boom
1+ mon, 2+ day ago (309+ words) Billionaire Vlad Doronin bought half-acre site for $54 M in 2016 Billionaire Vlad Doronin's OKO Group is planning a 53-story waterfront condo project in Miami's Edgewater, adjacent to the Missoni Baia tower it completed in 2024. OKO's planned Lilli condos are slated for…...
Unilog taps Re/Max Advance to lead Hollywood condo sales with focus on EB-5 buyers
1+ mon, 2+ week ago (264+ words) Developers launched 48-unit project last year Miami developer Unilog has tapped Re/Max Advance Realty to lead sales for the Hollywood condo project it launched last year. Re/Max, led by CEO Melanie De Armas, is marketing the six-story, 48-unit…...
Miami Beach condo owner sues Mast Capital affiliate, adding to legal mess at Amethyst
2+ mon, 2+ week ago (429+ words) Condo termination threshold at center of latest tactic in five-year dispute with developer, association Years into a litigious and drawn out buyout of the Amethyst in Miami Beach, one owner is trying another approach through his lawsuit against the developer…...
Related Group, BH add to their Hollywood pipeline with $360 M construction loan
1+ mon, 3+ week ago (345+ words) Lender for two-tower condo project is Adi Chugh's Tyko Capital The P'rez family's Related Group and Isaac and Liat Toledano's BH Group secured $360 million in construction financing for their Icon Beach Waterfront Residences, a two-tower luxury condo project in Hollywood....
Cain, Kushner launch South Florida JV with plans for Edgewater rental tower
1+ mon, 3+ week ago (547+ words) Construction of 40-story luxury apartment building near Missoni Baia is expected to start late next year Cain and Kushner are launching a South Florida real estate joint venture, planning a luxury apartment tower in Edgewater for their first project, The…...
New York developer Richard Cohen snaps up $20 M condo at Surf Club Four Seasons
1+ mon, 3+ week ago (367+ words) Cohen was previously married to newscaster Paula Zahn New York real estate developer Richard Cohen is moving his primary residence to South Florida after purchasing a $20. 5 million condo at the Four Seasons Residences at the Surf Club." Cohen's move is…...
Carlos Rosso, Alex Vadia complete first new condo dev in Midtown since 2018
1+ mon, 3+ week ago (314+ words) Developers launched sales of 228-unit Standard Residences in 2021 Developers Carlos Rosso and Alex Vadia completed the Standard Residences, Midtown Miami, marking the first Standard-branded condos in South Florida." Rosso's Rosso Development and Vadia's Midtown Development teamed up with Hyatt on…...
Mast Capital, BH close on Coconut Grove bulk condo deal
11+ mon, 3+ week ago (396+ words) Developers now control more than 75% of condos, plan to redevelop the site BH Group's Isaac and Liat Toledano and Mast Capital's Camilo Miguel Jr. with the Bayshore Park c" Mast Capital and BH Group paid at least $20 million for the…...