Clara Homes will construct its third building at Clara Bay Harbor, an apartment complex in the Bay Harbor neighborhood.

The Palma joins its sister development, previously named 5250 Park, on Northwest 84th Avenue.

The move comes despite a slowdown in the single-family rental market. 

The brand will specialize in cottage-style homes with private backyards. 

Most of the single-family homes are in Texas, Georgia, Alabama and Oklahoma. 

The first phase of the deal comprises 1,424 new single-family homes and townhouses in Tampa, Fla.; Atlanta and Athens, Ga.; and Pinehurst, N.C.

The increase was driven by a 21.6% month-over-month spike in the rate of new multifamily construction. Single-family housing starts, meanwhile, slid 2.8%.

Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000.

Sandra Tagliamonte and Madison Collum of ONE Sotheby’s International Realty have listed a waterfront Mediterranean estate in Fort Lauderdale for more than $13 million.

Areas hit hard by the pandemic could see a wave of zombie properties once the federal ban on foreclosures expires.

Actor, singer, songwriter, composer and television personality Manny Chamizo’s talent agency acquires retail condominium on ground floor of luxury Coral Gables building

Comprising 4.61 acres, the “best-of-both-worlds” property will be developed into two luxury condominiums with a private marina and beachfront amenities.

Historic Miami Beach hotel to get a facelift, luxury rental project announced for Dania Beach while Sunny Isles Beach condominium nears completion.

A large parcel of land located at the entrance of Pinecrest has been listed for $4.4 million.

Chris Cox and Dave Shalkop of Douglas Elliman Miami will head up sales for the newly completed 5000 North Ocean luxury tower.