Alex Karakhanian Sells MiMo Commercial Building On Biscayne Blvd For $6 Million

August 16, 2023

Alex Karakhanian of LNDMRK Development has sold a trophy commercial building in Miami’s MiMo District fronting Biscayne Blvd for $6 Million. The adaptive-reuse property was sold completely vacant and without any TDRs or TDDs, which are in contract to be sold to a developer. The building, which is located at 6654 Biscayne Blvd, spans 10,500 SF on a 19,200 SF lot

Case Study: Inside An $80 Million Recapitalization of a Multifamily In Port Orange, FL

August 10, 2023

Eyzenberg & Company, a real estate investment bank with offices in Miami, New York and Washington DC, recently arranged a unitranche preferred equity and senior debt package to effectuate the pay off of a general partner buy a foreign limited partner on a mid-lease up multifamily property in Port Orange, FL. PROFILEmiami had the exclusive opportunity explore the process with David Eyzenberg, the founder of Eyzenberg & Co.

Is Miami's Population Actually Shrinking? Is The City In Trouble? Not So Fast The Numbers Say...

August 9, 2023

Last week headlines from news outlets such as the The Wall Street Journal, the Miami Herald and The New York Times rang out that Miami was in trouble and the population was shrinking fast. The articles closely followed a debacle at Business Insider after the outlet published an article claiming that in 2021 more people had moved out of Florida than either New York or California; but, Business Insider later had to retract and correct the story after one of their writers had mistakenly flipped around the numbers and published with the article.

Focus Reveals Plans For Residential Project At Former Starlite Motel East Site in Brickell

August 8, 2023

Focus, a Chicago-based real estate development and construction firm, has revealed plans for the redevelopment of the former Starlite Motel East site in Brickell. The project will be Focus’ first project in South Florida and follows the Miami-Dade County Board of Commissioners' recent approval of the rapid transit zone (RTZ) designation for the site where Focus plans to develop a new luxury housing development.

'Kiki On The River' Launches 70-Foot Yacht 'Kiki at Sea' For Daily Charters

August 7, 2023

Kiki on the River has revealed its newest amenity, Kiki at Sea, luxury yacht charter experience available for private charters, bringing the legendary restaurant’s gourmet Greek cuisine, sophisticated party vibes and world-class service to Miami’s scenic waterways. The stunning and spacious 70-foot yacht is elegantly appointed and features four staterooms, three dining areas, marble bathrooms and a super flybridge with retractable roof.

FIRST ON PROFILE: DAMAC Sets The Record Straight Addressing Misconceptions Following Special Commission Meeting, To Proceed With Submission B

August 4, 2023

FIRST ON PROFILE: DAMAC International, a Dubai-based luxury property developer renowned for setting ambitious standards in design and innovation around the globe, and the developer behind the forthcoming Zaha Hadid Architects-designed ultra-luxury condominium at 8777 Collins Avenue in Surfside, is setting the record straight to address misconceptions and misinformation following the July 25th Town of Surfside Special Commission Meeting in order to promote an informed dialogue.

Case Study: Inside A $95 Million, 10-Acre Ground Lease For A 400-Unit Multifamily Development By Eyzenberg & Co.

August 2, 2023

Eyzenberg & Company, a real estate investment bank with offices in Miami, New York and Washington DC, recently structured a ground lease and appointed a developer for a $95 million, 10-arce, 500,000+ square foot 400-unit multifamily property, located in Bonita Springs Florida. PROFILEmiami had the exclusive opportunity explore the process with David Eyzenberg, the founder of Eyzenberg & Co. and one of the industry leaders in ground leases.

FIRST ON PROFILE: Indian Creek Residences & Yacht Club in Bay Harbor Locks Down $29 Million Construction Loan

August 2, 2023

FIRST ON PROFILE: The New York and South Florida-based Landau Properties has closed on a construction loan for Indian Creek Residences & Yacht Club on Miami’s Bay Harbor Islands, a boutique residential property, which will include condominium residences and a private marina. Construction on the development is now underway and sales will formally launch this fall. Miami-based private real estate lender BridgeInvest originated the $29 million loan.

Pacific & Orient Properties, LLC Celebrates Construction Milestones for 7918 West Drive in Miami’s North Bay Village

August 1, 2023

7918 West Drive, a 21-story, 54-residence waterfront condominium development in Miami’s North Bay Village, has passed significant milestones in construction as the building’s foundation through third level are now complete with significant progress completed on the parking garage. Additionally, concrete has been poured on the 6th level as well as the verticals (columns and shear walls). The foundation for the south section of the parking garage is completed as well.

SHVO Locks Down $190 Million In Financing For The Raleigh Hotel & Residences, Miami Beach

July 31, 2023

SHVO, the ultra-luxury real estate development and investment firm led by Michael Shvo, has secured $190 million in new financing for The Raleigh Hotel & Residences, Miami Beach, a significant milestone in the next chapter of the iconic art-deco storied property. The loan, provided by BH3 Debt Opportunity Fund II, L.P. led by BH3 Management through its opportunistic credit platform, closed earlier this week. Construction is well underway and the property is on-track to open in 2026.