Francisco Alvarado

5 days ago | therealdeal.com | Francisco Alvarado

Related Urban is seeking more years on a ground lease to develop a Live Local Act mixed-income multifamily and office complex on a Miami-Dade County public housing site. The deal could generate $97.4 million over a century for the county, according to Miami-Dade officials. On Tuesday, the Miami-Dade County Commission’s housing committee will consider a resolution to extend a 75-year agreement to 99 years with an affiliate of Related Urban, led by Albert Milo.

1 week ago | therealdeal.com | Francisco Alvarado

Adam Neumann’s Flow and Canada Global can move forward with a three-tower, mixed-use project next to an existing office complex in Aventura. The Aventura City Commission voted unanimously and without discussion on Tuesday to approve the joint venture’s rezoning of an 8.6-acre site at 20801, 20803 and 20807 Biscayne Boulevard, allowing 70 units per acre instead of 50 units per acre as previously allowed. The commission also granted a 30 percent parking reduction.

1 week ago | therealdeal.com | Francisco Alvarado

South Florida’s retail market is on a winning streak. For three consecutive quarters, the tri-county region experienced an overall vacancy rate of 3.5 percent, a historic low that is below the current national average of 4.2 percent, according to a recent Colliers report. However, a lack of new construction is creating a demand versus supply gap, the first quarter report states.

1 week ago | therealdeal.com | Francisco Alvarado

Coco Group is stepping into the downtown West Palm Beach commercial market with a $45.7 million purchase. An entity managed by Wesley Diong, CFO for Toronto-based family office Coco Group, acquired Echo, a 100-year-old mixed-use building at 205 Datura Street, records show. The buyer, led by CEO Jenny Coco, paid $637 a square foot for the 71,694-square-foot four-story building.

1 week ago | therealdeal.com | Francisco Alvarado

Scott Robins and Philip Levine are looking to sell a shovel-ready Wynwood development site approved for a mixed-use project. The Miami Beach-based partners are seeking offers starting at $26 million, an offering memorandum shows. Tony Arellano and Devlin Marinoff with Dwntwn Realty Advisors are marketing the site, which is known as Wynwood Easel.