Metropica developer revives megaproject with new partners
Five years after completing the first condo tower at Metropica, a master-planned development in western Broward County, the developer announced he is reviving the project with new partners. Metropica Development CEO Joseph Kavana plans to begin construction on the next phase in October, he said at
Redfearn Capital, TPG Angelo Gordon team up for $37M industrial purchase
Redfearn Capital joined forces with TPG Angelo Gordon to buy two warehouses in Miami-Dade County for $36.7 million. Two entities tied to Delray Beach-based Redfearn, led by Alex Redfearn, and TPG Angelo Gordon, led by Josh Baumgarten and Adam Schwartz, acquired the properties in separate deals from
Rents down, vacancies up as Trump’s immigration policies hit Doral
In Doral, the vacancy rate is up to 6.5 percent, and rents have hit a three-year low. Yes, the Miami market is cooling, but Doral is facing more than just a slowdown. About 40 percent of Doral’s 80,000 residents were born in Venezuela or have Venezuelan heritage, and these families are fleeing Presi
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