Multifamily is back. Or is it? Oversupply lessens but vacancies, pipeline still high
Developer Raimundo Onetto has been weaning leasing incentives for new tenants at his 296-unit Crest apartment building. “We saw a shift in the market since the end of last year,” said Onetto, who leads Coconut Grove-based Alta Developers. The building is 95 percent leased, he said. “We have been tr
South Florida’s top deals: Sketchers co-founder picks up Miami home for $11M
🏆 Residential: The priciest recorded home sale was in Miami, where Sketchers co-founder Michael Greenberg, through an LLC, picked up the home at 3600 Stewart Avenue for $10.5 million. The sellers were Roberta Manelli, a bag designer, and Francisco Salonia-Ruzo, a financier, who purchased the 3,400-
Pinnacle scores $41M financing for senior affordable housing in growing market
Pinnacle secured $41 million in financing for an affordable seniors housing project in Naranja, as the firm seizes on south Miami-Dade County’s growth. Miami-based Pinnacle plans the 110-unit apartment project reserved for tenants who are 62 and older and earn 30 percent to 60 percent of the area m
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