South Florida Real Estate Pulse

Office Asset Refinancings

• 🔥 DiVosta Towers Refinancing: Berkadia arranged a $100.4M loan from Cirrus Real Estate Partners for Gatsby Florida to...

DiVosta Towers in Palm Beach Gardens secured a $100.4 million refinancing from Cirrus Real Estate Partners. The fully leased 220,000-square-foot Class...

Waterton Residential paid $80.5 million for the 358-unit Landings at Pembroke Lake in Pembroke Pines, equating to $224,900 per unit. The...

Alba Palm Beach has delivered its 55 waterfront residences at 95% sold, marking the first new project along North Flagler Drive in West Palm Beach’s...

Palm Beach County Permitting Updates

• 🔥 Over 60 New Building Fees Enacted: Palm Beach County added more than 60 construction-related fees and...

Palm Beach's response to Florida's HB 803 introduces over 60 new fees, shifting from construction value to square footage calculations.

Key impacts...

PMG's 28-story Sage Tower at 900 Intracoastal Drive has entered vertical construction after its foundation pour.

• Financing locked: $115 million...

Alcazar Development Group III proposes the Aura Living Apartments on a 4.41-acre site at the southeast corner of SW 281st Street and SW 152nd Avenue,...

Commercial Leasing Assignments

• 🔥 Caroline Station Leasing: Newmark was retained to lead leasing for the 75,000 SF retail and creative office...

Luxury Condo Financing

• 🔥 Ritz-Carlton Residences Loan: Catalfumo Companies secured a $401M condo inventory loan from Northwind Group via...

• Edgewater land play: London-based Cain and Kushner paid $43.1 million for the 1.5-acre site at 614 and 720 Northeast 27th Street, acquiring from the...

A sharp exchange between Palm Beach County Administrator Joe Abruzzo and Florida CFO Blaise Ingoglia exposed deep divisions over property tax cuts and...

Two major projects show how iconic resort names are shaping high-end residential development in Palm Beach County.

• Scale: Ritz-Carlton Residences...

Miami-Dade leads with a massive $164.5M mixed-use permit for The Well Coconut Grove at 2835 Tigertail Avenue by Terra and AB Asset Management.

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Commercial Brokerage Launches

• 🔥 Illustrated Properties Commercial Division: Illustrated Properties launched a dedicated Commercial Real Estate...

Ken Griffin updated plans for a multi-billion dollar commercial tower along Biscayne Bay while advancing the $3B Little Haiti project in Miami-Dade, signaling continued capital deployment into South Florida commercial development.

Palm Beach County Administrator Joseph Abruzzo publicly confronted Florida CFO Blaise Ingoglia at Palm Beach State College's Boca Raton campus on June...

Kolter Multifamily has closed a $91.7M construction loan and started work on Alton Delray, a 386-unit Class A apartment community in Delray Beach. This new rental development underscores ongoing demand for multifamily housing in Palm Beach County.

Illustrated Properties is expanding into commercial brokerage and advisory with a new division based in Palm Beach Gardens.

• Leadership and focus:...

Donald Brennan, owner of Engel & Völkers franchises in Manhattan, Brooklyn, New Jersey and Long Island, has acquired rights to 12 ZIP codes in Palm...