South Florida - The Real Deal

BTI, Bridge Investment’s Hollywood Bread Building lands $109M refi as big-loan binge rolls on

Lidia Dinkova — Mon, 02 Nov 2026 20:00:00 +0000

Downtown Hollywood’s Bread Building scored a $109.2 million refinancing, capping weeks of big loans in South Florida. The financings come amid elevated interest rates and somewhat skittish capital markets, especially for regional multifamily that’s been battered by oversupply in recent years. Fort Lauderdale-based developer BTI Partners and Salt Lake City-based Bridge Investment Group obtained the Freddie Mac loan from Greystone for the 25-story, 362-unit building it completed last year, according to a news release from Cushman & Wakefield, which arranged the refinancing. The debt has a 35-year amortization and interest-only payments for the full loan term. The building, which replaced […]

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Wynwood offices are 33% vacant. Can Carnegie Mellon University tip the scale?

Lidia Dinkova — Mon, 02 Nov 2026 19:30:00 +0000

Wynwood has been South Florida’s ultimate proving ground, where high-stakes real estate trends face their trial by fire. When Miami became the cryptocurrency hub due to its early pandemic reopening, crypto firms and blockchains descended on the neighborhood. Then, as the Magic City turned into a tech mecca, the startups and their venture capital backers set up shop there. Now, South Florida is abuzz over its next chapter, again centered on Wynwood: Billionaire Ken Griffin closed on his $1.1 billion purchase of the Mana Wynwood complex, where Carnegie Mellon University plans a 35-acre campus. The school is part of Griffin’s […]

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Rush to redemption? Miami will vote again on church site Nobu condos, but critics question haste

Lidia Dinkova — Mon, 02 Nov 2026 17:24:44 +0000

Miami will vote again on 13th Floor Investment’s proposed Nobu condos at a Brickell church site, making amends after a court ruled the city should have let residents intervene the first time. But redevelopment opponents are questioning the city’s rush to schedule the do-over hearing, now set for Election Day on Tuesday, arguing it will reduce resident turnout. Coconut Grove-based 13th Floor, led by Arnaud Karsenti, and Brickell-based Key International, led by the Ardid family, want to build the 75-story, 321-unit Nobu-branded tower on the site of a school and parking lot behind First Miami Presbyterian Church at 609 Brickell […]

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Ytech reveals plans for 52-story luxury condo tower in Brickell

Grace McClung — Mon, 02 Nov 2026 14:55:03 +0000

Miami-based Ytech unveiled plans for 75 Broadway, a 52-story luxury condo tower in Brickell. The project, which will sit on Broadway Road facing Biscayne Bay and the protected old-growth nature preserve of Simpson Park, will have 106 units, including seven penthouses, according to a release. It marks Ytech’s second major condo project in the pipeline in Brickell. The firm is under construction on the Residences at 1428 Brickell, a 70-story luxury condo tower. At 75 Broadway, condos will start at $3 million and there will be no more than three units per floor. The site’s zoning allows for nearly 300 […]

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Dingle Brothers sell Boca Raton waterfront mansion for $29M

Alissa Gary — Mon, 02 Nov 2026 14:30:00 +0000

SRD Building, led by brothers Scott and Steve Dingle, sold a recently completed mansion in Boca Raton’s Royal Palm Yacht and Country Club for $29 million. The deal for the 8,550-square-foot waterfront house at 1520 Royal Palm Way penciled to $3,400 per square foot. The deal closed earlier this month with an asking price of $31.8 million, meaning the house sold at a slight discount. Scott Dingle, along with Steven Scaggs, paid $10.5 million for the property in 2023. Scaggs’ father, William G. Scaggs, bought the property for $600,000 in 1982, according to property records. His children sold the house […]

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“It was in my DNA”: How Isaac Toledano conquered South Florida real estate

Lidia Dinkova — Mon, 02 Nov 2026 12:00:00 +0000

A package for a prospective deal dropped off at Pebb Enterprises’ office didn’t initially stir excitement at the firm. Proposals like it usually were duds and ended up in the trash bin, said Pebb’s Ian Weiner. Still, he took a look. Developer Isaac Toledano was offering Pebb a partnership on the 29-acre Office Depot headquarters campus. “The deal he had negotiated, the price, the timing, all that was very attractive. It didn’t take long to see this is someone I need to reach out to immediately,” Weiner said. “He kind of gave us some deadlines to figure this out or […]

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South Florida Dirt: What you need to know ahead of the Miami Forum

Katherine Kallergis — Sun, 01 Nov 2026 18:00:00 +0000

The Real Deal’s Miami Forum, our largest event, is coming up on Wednesday and Thursday. Here’s our annual primer on what you need to know about the market going into it: New development and residential Financing and commercial real estate Overall challenges remain, including the high cost of living, long wait lists for private schools, and a limited labor pool. But huge deals continue to offer fresh momentum, such as Ken Griffin’s $1.1 billion purchase of Mana Wynwood, where the Miami Forum will be held this year. The property will be redeveloped into a satellite campus for Carnegie Mellon University, […]

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Miami Heat co-owner’s firm buys shopping center from Edens for $33M

Eman Elshahawy — Fri, 30 Oct 2026 22:02:36 +0000

RK Centers, led by Miami Heat minority stakeholder Raanan Katz, dropped $32.5 million for Edens’ Arena Shops in North Miami, expanding its retail presence in north Miami-Dade County. The Sunny Isles Beach-based company acquired the 44,660-square-foot shopping center at 14750 Biscayne Boulevard in a deal that breaks down to $728 per square foot, records show and property analyst Vizzda confirmed. Built in 1993 on a 2.5-acre site, Arena Shops was last renovated in 2006. Edens purchased the property for $25 million in June 2012, according to property records. The plaza is anchored by Total Wine & More and also includes […]

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Gencom, White Bridge buy InterContinental hotel in downtown Miami for $300M

Eman Elshahawy — Fri, 30 Oct 2026 22:00:00 +0000

Karim Alibhai’s Gencom and White Bridge Capital partnered on a nine-figure acquisition of the InterContinental Miami high-rise hotel in downtown Miami, their third joint hotel deal in the past year. The Miami-based firms bought the 34-story, 652-room waterfront hotel overlooking Biscayne Bay at 100 Chopin Plaza from the Chinese Dajia Insurance Group’s Strategic Hotels & Resorts, Bloomberg reported. A spokesperson for the buyers confirmed the sale but did not disclose the seller or sale price. The price was reported as $300 million by Bloomberg, citing an anonymous source. The deal works out to $460,000 per key — 9 percent above […]

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“Incompatible”: Miami Beach shoots down Live Local Act project with 38-story towers, citing zoning conflict

Lidia Dinkova — Fri, 30 Oct 2026 21:30:00 +0000

Redevelopment of the Blackstone-owned Southgate Towers in Miami Beach with a 38-story Live Local Act project is a no-go due to a zoning conflict, city officials said in a letter. Southgate Towers LLC filed an application to replace the two 14-story apartment buildings with 495 units at 910 West Avenue, with a pair of new towers, according to the Oct. 8 filing. The proposed redevelopment, designed by Arquitectonica, called for 442 units, consisting of 264 condos and 178 apartments at workforce rents. But the site isn’t eligible under the Live Local Act because it’s in a residentially zoned district, and […]

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