South Florida - The Real Deal

As debt woes mount, Alirio Torrealba’s MG Developer lists Hialeah dev site entitled for apartments

Lidia Dinkova — Tue, 06 Oct 2026 14:30:00 +0000

Beleaguered developer Alirio Torrealba, who has been hit with a string of lender lawsuits in recent months, is shopping around a Hialeah multifamily development site. Torrealba’s Coral Gables-based MG Developer listed the vacant property of its planned Metro Station II project at 2701 and 2765 East 11th Avenue. Cushman & Wakefield is marketing the property, but the asking price wasn’t disclosed. MG Developer and listing agent Virgilio Fernandez of Cushman didn’t provide insight on the target price range. “The sale of the parcel of land for Metro Station II will allow us to further meet our current obligations,” MG Developer […]

This article originally appeared on The Real Deal. Click here to read the full story.

Kaufman Rossin co-founder’s Coconut Grove home lands $17M contract

Grace McClung — Tue, 06 Oct 2026 13:00:00 +0000

A Miami mansion linked to the late James Kaufman, co-founder of Miami-based accounting firm Kaufman Rossin, went under contract for $17.4 million last week. It’s among 17 contracts buyers signed between Sept. 28 and Oct. 4, according to the weekly report by Douglas Elliman’s Eklund-Gomes team. The report tracks all listings in Miami-Dade asking $4 million and above. The properties that went under contract last week spent an average of 205 days on the market. They totaled $169.7 million in asking dollar volume, a slight jump from the previous week, which recorded 16 contracts with a combined asking price of […]

This article originally appeared on The Real Deal. Click here to read the full story.

Mystery buyer builds $311M assemblage in Naples

TRD Staff — Mon, 05 Oct 2026 23:20:26 +0000

A mystery buyer has strung together $311 million worth of beachfront properties in Naples’ ultra-exclusive Port Royal neighborhood. The secret land trust paid $225 million for three properties last year, setting a record for the largest residential sale in Florida’s history, the Naples Daily News reported. More than a year later, the same trust bought a neighboring property for $86 million. “That is roughly $311 million and about 18.5 acres of Gulf frontage in one hand. Nobody knows whose hand,” said Yasmin Saad, co-founder of Naples-based luxury real estate firm the Saad Team. The original sale included the properties at […]

This article originally appeared on The Real Deal. Click here to read the full story.

Bankrupt West Palm Beach condo sells for $14M at auction

Alissa Gary — Mon, 05 Oct 2026 23:00:00 +0000

A West Palm Beach condo complex sold via bankruptcy for $13.5 million, signaling for potential redevelopment on a rare piece of land in the booming town. An entity linked to Woodfield Development partner Ross Abramson purchased all 84 units at the Green Terrace condo through an auction. The community encompasses 13 buildings and a clubhouse at 2800 Georgia Avenue, about a mile east of the regional airport. The condo association filed for bankruptcy in April 2025, records show, following the city’s claim that the association owes it $1.4 million in unpaid water bills and $1.5 million in code enforcement violations. […]

This article originally appeared on The Real Deal. Click here to read the full story.

Todd Glaser clashes with ex-client over yearslong Golden Beach mansion project

Francisco Alvarado — Mon, 05 Oct 2026 21:00:00 +0000

Todd Glaser, the ultra-luxury home builder behind some of South Florida’s splashiest residential projects, is fighting a former client over a nearly finished Golden Beach mansion that still has not received a certificate of occupancy. Glaser sued the owner of a waterfront project at 365 Ocean Boulevard on Miami-Dade Circuit Court on Sept. 10. He is seeking a court ruling that would preempt the ownership entity controlled by Richard Reinhart from attempting to claw back nearly $4.9 million in construction fees, as well as seeking up to $4.5 million in damages. Glaser, who recently listed his own Palm Beach mansion […]

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Related Group, Alta complete Casa Bella tower, pay off $240M loan

Katherine Kallergis — Mon, 05 Oct 2026 20:46:47 +0000

The Related Group and Alta Developers completed their Casa Bella Residences by B&B Italia in Miami’s Arts & Entertainment neighborhood, with a projected sellout of $580 million. Closings began in July for units at Casa Bella, a 56-story, 319-unit tower at 1400 Biscayne Boulevard, property records show. More than 200 unit sales have closed, and the developers also paid off their $240 million construction loan, developer Nick Pérez told The Real Deal at the opening party for the tower. Cain International provided the construction loan nearly three years ago. Related, led by Jorge, Jon Paul and Nick Pérez, teamed up […]

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Lenders deal out $436M in financing for South Florida developments

Alissa Gary — Mon, 05 Oct 2026 15:04:50 +0000

Developers scored more than $400 million in financing for South Florida projects in recent weeks — led by JSB Capital’s $238 million refinancing of a Doral multifamily building — despite a tight financing market. New York-based JSB, led by Jay Lobell, secured its refi for the 631-unit Landmark South community from New York-based Torchlight Investors. Walker & Dunlop arranged the floating-rate, interest-only bridge loan. The financing amounts to $377,000 per unit. The property was developed in 2017 and 2021, and JSB picked it up for $255 million. The building has one-, two- and three-bedroom apartments starting at $2,100 a month. […]

This article originally appeared on The Real Deal. Click here to read the full story.

Movers & Shakers: Christina Crespi swaps Miami DDA for consulting firm

Grace McClung — Mon, 05 Oct 2026 13:00:00 +0000

In South Florida’s latest hiring news, former Miami Downtown Development Authority Executive Director and CEO Christina Crespi has joined Miami-based communications firm Ingage as a strategic consultant for government relations and public affairs. At the DDA, Crespi led Downtown Miami and Brickell’s economic strategy, expanding the authority’s business incentive program and overseeing a $21 million annual budget, according to a news release. In her role at Ingage, she will help advise clients on entering and expanding into South Florida and develop community engagement campaigns. Before her 11-year stint at the DDA, Crespi spent nearly a decade as assistant to the […]

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South Florida Dirt: A timeline of how Mana turned $70M into over $1B

Katherine Kallergis — Sun, 04 Oct 2026 17:00:00 +0000

Moishe Mana said he gave up on his vision for Mana Wynwood, in favor of an even better one. We looked back. A decade ago, Mana secured approval for a special area plan to redevelop his Mana Wynwood complex. The proposal called for 3,500 apartments, more than 50,000 square feet of civic space, a private park and thousands of parking spaces, all designed by architect Bernard Zyscovich. That plan was one version of Mana’s vision for the neighborhood. Over the years, Mana made tweaks. He planned to redevelop the land into a cultural hub with arts, entertainment and business components, […]

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Billionaire Apollo co-founder’s hedge fund, concierge medicine firm take leases in Miami Design District trophy office

Eman Elshahawy — Fri, 02 Oct 2026 23:30:00 +0000

Craig Robins’ Miami Design District Associates and Bippy Siegal’s Raycliff Capital scored two high-profile office leases at Sweetbird North, their trophy office-retail project that just started construction. Billionaire Apollo Global Management co-founder Josh Harris’ private equity firm took an undisclosed amount of space in the project, at 95 Northeast 40th Street. And a membership-based medical practice and research company signed for 55,000 square feet across the building’s fourth and fifth floors, according to an announcement from MDDA and Raycliff. That tenant, New York-based Atria Health and Research Institute, will have a private ground-floor entrance in the building, according to the […]

This article originally appeared on The Real Deal. Click here to read the full story.