Thomas P. Murphy Jr. accepting ULI award accompanied by Mike Murphy, Tom C. Murphy, Sean Murphy, John Murphy, Patrick Erin Murphy, Blake Murphy, John Murphy Jr., Ken Fabel, and Jason Anderson

Thomas P. Murphy, Jr. and the Murphy Family Receive Prestigious ULI Lifetime Achievement Award

September 27, 2022

In recognition for their decades of work building transformative, large-scale projects that have helped reshape the South Florida skyline, The Urban Land Institute Southeast Florida/Caribbean is presenting Thomas P. Murphy, Jr. and the Murphy Family with the prestigious 2022 Lifetime Achievement Award. The Lifetime Achievement Award honors the top leaders and visionaries whose lifetime of work has significantly shaped communities and changed the industry.

The Allen Morris Company, Xenel International and Principal Real Estate Investors Close On $57.2 Million Construction Loan For Osceola County Multifamily Development

September 27, 2022

The Allen Morris Company, Xenel International U.S.A. and Principal Real Estate Investors have closed on a $57.2 million construction loan for The Maxwell at Xentury City, a 311-unit multifamily development located in Osceola County. The loan is being provided by Regions Bank. The Maxwell at Xentury City broke ground in September and has a completion date set for the second quarter of 2024.

Miami Condo Developer Changing The Game

September 26, 2022

Miami is a mecca for global consumers seeking year-round sunshine, nightlife, and culture, framed by endless sophistication. From stunning scenery and pristine beaches, the Magic City is a feast for the senses. While developers and hospitality visionaries are playing a prominent role making Miami the most photogenic and desirable city to live, work and play, an evolutionary approach to condo ownership is changing the real estate game, led by Harvey Hernandez, founder and CEO of Miami’s Newgard Development Group.

FARM-TO-TABLE RESTAURANT & MARKET NARBONA OPENS AT COCOWALK

September 22, 2022

CocoWalk has announced the highly anticipated opening of Narbona Restaurant & Farm Market, a family-owned, epicurean specialty market and restaurant originating in Uruguay in 1909. The concept combines organic ingredients from its farms for a unique farm-to-table culinary experience and retail section where customers can purchase their farm-raised products to enjoy at home.

Electra America and BH Group Reveal Plans for $1 Billion Redevelopment of 80-Acre Southland Mall Site In Cutler Bay

September 21, 2022

Electra America, a real estate private equity firm focused on value-add and opportunistic investment in the Sun Belt region of the U.S., along with its U.S.-affiliate, American Landmark, and BH Group, a Miami-based private real estate investment and development firm, have revealed preliminary plans for the redevelopment and reinvention of the Southland Mall in Cutler Bay, located approximately 20 miles south of downtown Miami.

Level 6 by Amal Rooftop Lounge and Restaurant Opens In Coconut Grove

September 19, 2022

Influenced by the world’s swankiest rooftop bars from London to Dubai to Brooklyn to Beirut, Level 6 by Amal has opened in Coconut Grove. Level 6 is a spectacular 4,000-square-foot rooftop lounge and restaurant perched on the sixth floor above the critically acclaimed Amal restaurant with epic views of the sailboats dotting Biscayne Bay, canopies of trees lining Bayshore Drive and the world-famous Miami skyline.

Terranova Reveals Arquitectonica-Designed Carbon-Neutral Mixed-Use Building On Miracle Mile In Coral Gables

September 14, 2022

Terranova Corporation, led by Stephen Bittel, has revealed plans for 93 Miracle Mile, the first carbon-neutral building in Florida on Miracle Mile in Coral Gables. The Arquitectonica-designed mixed-use commercial building will use electricity-generating photovoltaic glass and will be the first built under the new Miracle Mile Overlay zoning code.

Ronny Finvarb and Joseph Chetrit Acquire Macy's Property Near Miami Beach's Lincoln Road For $15.5 Million

September 13, 2022

Bay Harbor Islands-based Finvarb Group, led by developer and hotelier Ronny Finvarb, in partnership with Joseph Chetrit, have acquired the Macy’s property off of Lincoln Road in Miami Beach for $15.5 million, $152 PSF. The iconic building, which is located at 1675 Meridian Ave., was developed in 1953 and is one of the oldest retail buildings in Miami Beach.

Breakwater Hospitality Group’s Rivertail Debuts New Summer Menus in Fort Lauderdale

September 12, 2022

Situated along the New River in Downtown Fort Lauderdale, Breakwater Hospitality Group’s Rivertail has unveiled its new brunch and dinner menus, expanding its seafood-driven selection of creative and bold flavors that have earned the restaurant its reputation as one of the best in town. Under the direction of five-time James Beard-nominated Jose Mendin, Chef Partner at Rivertail, the eatery draws inspiration from international cuisines.

Pulso Capital Acquires Stellar At Palm Aire Build-For-Rent Townhome Community For $21.5 Million

September 7, 2022

Pulso Capital has acquired Stellar at Palm Aire, a new build-for-rent community consisting of 39 townhomes located in the center of the Palm Aire Country Club in Pompano Beach, Fl., for $21.5 million, or $551,282 per unit. The sale and financing were overseen by Berkadia. Effective rent in South Florida rose 25.2% year over year, according to Berkadia Research, driven by an influx of new residents and corporate migrations over the last 12 months.

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