The potential impact of Miami’s condo-hotel pipeline delivery

9 August 2024

The Miami condo-hotel market is experiencing a resurgence, with developers eagerly launching new projects to meet growing demand, particularly from foreign buyers. These condo-hotels appeal to investors by offering dual benefits: personal use and the ability to generate income through […]

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Gale Miami Hotel & Residences: A New Landmark in Downtown Miami

26 July 2024

The Galbut family, through their affiliate GFO Investments, has completed the Gale Miami Hotel & Residences, a 51-story short-term rental condominium and hotel tower located at 601 Northeast First Avenue in downtown Miami. The development, managed by Sixth Street Miami […]

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North Miami approves Redwood’s 2,200-unit apartment project at Claude Pepper Park, adjacent land

19 July 2024

Redwood Dev Co obtained approval for a 2,193-unit residential complex in North Miami, one of the largest projects in the city’s western region. The North Miami City Council unanimously voted to approve eight 18-story buildings, 121,500 square feet of commercial […]

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Gov. Ron DeSantis signs bill on condo-hotel power balance

28 June 2024

Gov. Ron DeSantis has signed House Bill 1021, addressing the power balance between residents and investors at condo-hotel complexes. Effective July 1, this new law aims to combat fraud, election meddling, and mismanagement within condo associations. A last-minute addition to […]

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Back to the voters: Jungle Island owner proposing condo project with Terra

14 June 2024

Jungle Island David Martin’s Terra is partnering with ESJ Capital Partners, the owner of Jungle Island, to propose a residential condo project on Miami’s Watson Island. This proposal requires voter approval and includes purchasing 5 acres of city land for […]

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South Florida developers turn to condo conversions

7 June 2024

Right Time for PMG’s Move Two years ago, PMG decided to convert its planned rental tower, Society Biscayne, into The Elser Hotel & Residences in downtown Miami, driven by high condo demand. Ryan Shear, PMG’s managing partner, noted the scarcity […]

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Living or Investing in South Beach: Video Overview

28 May 2024

Considering living or investing in South Beach? This video overview, published in May 2024, introduces the Miami Beach neighborhood as a starting point for your property research. Watch the original presentation below to explore the subject before defining your residential […]

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The recent contract on a $33 million waterfront house on Hibiscus Island led last week’s highest-priced real estate deals in Miami-Dade County.

24 May 2024

The residence at 320 South Hibiscus Drive, owned by real estate investor and game publisher Kevin Segalla and his wife Michele, features 7 bedrooms and 7 bathrooms across 7,818 square feet.  This pending sale topped the Eklund-Gomes luxury contracts report, […]

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Coral Gables and Miami Beach: prime havens for luxury homebuyers

10 May 2024

Coral Gables and Miami Beach are now home to some of the priciest residences in the United States, attracting wealthy buyers and driving up real estate values. According to Zillow, Coral Gables’ Gables Estates tops the list with an average […]

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