Miami has come in as the 9th most expensive city to rent a 1-bedroom with a median price of $1,750 according to Zumper's November report. This number reflects a fall from $1,800 median 1-bedroom rent that Miami reported in their October report studying numbers from September.
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Ori Allon (Founder & Executive Chairman) and Robert Reffkin (Founder & CEO)
Compass Raises $100 Million In New Round of Funding Amid Questions By Skeptics
Compass is certainly on a roll after locking in $100 million of additional financing via their new funding round, bringing their valuation to $1.8 billion having raised $325 million from investors to date (November 8, 2017). The latest round of funding was provided by Fidelity Investments, IVP and Welling Management.
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Featured Listing: Explore A Palatial, Sophisticated Bal Harbour Full-Floor Penthouse Spread That Spares No Expense to Detail
Step inside this palatial, sophisticated full-floor penthouse spread at The Palace at Bal Harbour. The penthouse features designer finished millwork throughout with direct ocean views. The residence is spread over 7,380 SF spread over 4 bedrooms, 5 full-bathrooms and 1 half-bath.
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South Miami Votes Against The Zyscovich Architects-Designed Proposal To Redevelop The Shops at Sunset Place
After a year of developing plans with Zyscovich Architects to redevelop the Shops at Sunset Place with the addition of a hotel and 2 residential rental buildings, the South Miami City Commission has voted 3-2 against the project.
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Ability by Acierto Closes on $14 Million Construction Loan For Bijou Bay Harbor
Ability by Acierto just closed on a $14 million of construction loan for Bijou Bay Harbor, their new luxury condominium development on Bay Harbor Islands. The Miami-based LV Lending is providing the financing. Ability by Acierto is led by Juan Carlos Gonzalez and the developer broke ground on the 41-unit building located at 9521 East Bay Harbor Drive in December 2016.
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Developers Jeremy Waks of Oak Ventures (L) and Nick Hamann (R) of Urban Atlantic Group (C).
Construction Update: Arbor Breaks Ground in Downtown Coconut Grove
Arbor has officially broken ground in Coconut Grove after they demolished most of the existing structure that previously stood on the property located at 3034 Oak Ave. Arbor is being developed by Urban Atlantic Group and Oak Ventures, LLC. Arbor. The condominium building is an eco-living inspired development that will rise 5-stories and feature 52 units.
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Apeiron at the Jockey Club Plans to Launch Sales Next Year After Winning Approval in North Miami
The Biscayne Shores Community Council voted unanimously on November 8th to approve the Apeiron at the Jockey Club, hotel and residential development at the existing 13-acre Jockey Club common grounds. The Jockey Club is located at 11111 Biscayne Boulevard near North Miami.
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Thor Equities Officially Begins Construction on Wynwood Walk After Locking Down Construction Financing
Thor Equities, a global leader in urban real estate development, leasing and management, have broken ground and officially commenced construction on Wynwood Walk (November 2017) after locking down construction financing from Bank of the Ozarks. Wynwood Walk will run the entire block from NW 29th Street to NW 28th Street near Wynwood’s northern entrance
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Featured Listing: Step Inside A Modern, Luxe Loft In Downtown Miami With Drop Dead Beautiful Views of Biscayne Bay
Step inside of a truly modern loft with drop dead gorgeous views of Biscayne Bay located in the luxurious Ten Museum Park in Downtown Miami. Unit 1103 which just hit the market is a 2 story, 2 bedroom residence with 2 full bathrooms, 1 half-bath and soaring 20' ceilings.
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Estate Investments Group Secures $52 Million in Construction Financing For Soleste Blue Lagoon
Estate Investments Group (EIG), one of South Florida’s most prolific multifamily developers, announced today that it has secured $52 million in construction financing for a new rental community in the Blue Lagoon neighborhood of West Miami (November 6, 2017). The loan was underwritten by Florida Community Bank (FCB), and will fund the development of the 330-unit Soleste Blue Lagoon rental community
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