Avalon Bay, MG Developer bet on Miami apartment market to balance out
As South Florida’s multifamily market slows, AvalonBay Communities and MG Developer are proposing 374 apartments in separate Miami projects. Arlington, Virginia-based AvalonBay wants to develop an eight-story, 166-unit building on a 1.6-acre site on the southwest corner of Southwest 23rd Street and
South Florida’s top deals: Investor sells Sunny Isles Beach penthouse for $20M
🏆 Residential: The top home sale to hit records in South Florida was in Sunny Isles Beach, where a penthouse at 19575 Collins Avenue traded for just under $19.9 million or roughly $2,200 per square foot. The seller was a company managed by real estate investor Nicolas A. Weinstein, and the buyer wa
Mortgage Rates Ease Back Near 6%
The 30-year mortgage rate slipped to 6.09% from 6.11% last week, while 15-year rates fell to 5.44%. Rates are expected to hover near 6% as spring buying begins.
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