Miami

Two years after George Floyd’s death, is real estate honoring its pledges?

Pam Liebman, Bess Freedman and James Whelan In the days following the May 2020 murder of George Floyd by a Minneapolis police officer, real estate leaders did something unusual for an industry that tends to shy away from social issues: They spoke out.  Many pledged a renewed focus on ensuring their workforce was diverse and inclusive, that employees of color felt supported and saw a path to advance their...

Billionaire Milwaukee Bucks co-owner sells Miami Beach condo

Jamie Dinan with 3315 Collins Avenue, unit 14A (Getty, Zillow) Another hedge fund manager has left Faena House. Billionaire Jamie Dinan, founder and CEO of New York-based York Capital Management and a co-owner of the Milwaukee Bucks, sold his five-bedroom, six-and-a-half-bathroom condo at the ultra luxury building for $18.7 million. A trust in Dinan’s name sold unit 14A at 3315 Collins Avenue, property...

Avanti pays $181M for apartment building near Brightline’s MiamiCentral

From left: Estate Companies Jeffrey Ardizon, Avanti’s Christian Garner, and Estate Companies Robert Suris with Soleste Grand Central (Estate Companies, Avanti) The Estate Companies sold the Soleste Grand Central apartment building it developed near Brightline’s downtown Miami station for $181 million. Avanti Residential, a Denver-based investor and owner-operator of multifamily real estate, bought the...

Pebb JV buys Boca Raton office complex for $30M

From left: Contrarian Capital’s Jon Bauer and Pebb Enterprises’ Ian Weiner with Meridian Office Center (Pebb Enterprises, Impact Space) Pebb Enterprises tripled its office holdings in a Boca Raton business park with a $29.8 million joint venture acquisition. The Boca Raton-based private equity real estate firm, led by CEO Ian Weiner, and Greenwich, Connecticut-based Contrarian Capital Management...

Northlink scores approval for condo project on Denny’s site in North Beach

A rendering of 7140 Collins Avenue (Revuelta Architecture International)   New York real estate firm Northlink Capital plans to build a condo project with co-living on a Denny’s-anchored property in Miami Beach, where the previous developer had planned a mixed-use hotel. Northlink, led by Robert Rosenthal, secured approval from the Miami Beach Design Review Board on Tuesday for the proposed project at...

Location Ventures completes Villa Valencia condo project in Coral Gables

Rendering of Villa Valencia and Location Ventures’ Rishi Kapoor (Location Ventures, Smith Aerial) Developer Rishi Kapoor’s Location Ventures completed Villa Valencia, a luxury Coral Gables condo project that’s been four years in the making. Villa Valencia, a 13-story, 39-unit building at 501 to 525 Valencia Avenue is 95 percent sold with $100 million in closings so far. Three units are left,...

Ranking New York’s most active developers

From left: Vorea Group’s Peter Papamichael, Turnbridge Equities’ Andrew Joblon and Chetrit Group’s Joseph Chetrit New York City sprang back to life in the spring of 2021, and its busiest builders were no exception. In the past year, the city’s 20 most active developers filed plans to build nearly 16 million square feet of projects across the five boroughs. Now, they face a whole new set of...

Movers & Shakers: Self-storage giant SROA names new COO

From left: SROA Capital’s Kenneth Speegle, PropertyForce’s Charles Grau, and Katz & Associates’ Allan Carlisle (LinkedIn/Kenneth Speegle, LinkedIn/Charles Grau, Katz & Associates, iStock) SROA Capital, a West Palm Beach-based private equity firm that invests in self-storage facilities under the brand Storage Rentals of America, appointed Kenneth Speegle as its new chief operating officer....

Lloyd Jones drops $92M for Little Havana apartments

Lloyd Jones Chairman and CEO Christopher Finlay and First Apartments at 701 Southwest First Street in Little Havana (Lloyd Jones, Premium Development) Lloyd Jones expanded its South Florida multifamily portfolio with a $92 million acquisition in Miami’s Little Havana. Miami-based Premium Development sold First Apartments, a 194-unit building at 701 Southwest First Street, to Lloyd Jones, a multifamily...

TRD’s July issue is live for subscribers!

The Real Deal’s July 2022 issue is live for subscribers and slated to hit your doorstep soon. This month, we have a plethora of profiles perfect for beach reading — six of them, to be exact. The TRD profile may be the pièce de résistance of our coverage, in terms of garnering both awards and page views, but more importantly offering both in-depth, comprehensive looks at the lives and histories...

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