FAVO’s acquisition comes amid efforts by the Lauderhill-based company to diversify its portfolio of income-generating real estate.

Despite a slowdown in single-family construction activity, newly built homes are becoming increasingly accessible to American buyers, in terms of both availability and affordability. According to data from the New-Construction Insights report released by Realtor.com, in the second quarter

The River District project — now called Flow on the River — is zoned for about 1,900 residences on a 6.2-acre Brickell parcel. 

The moderately priced community offers four floor plans priced from $348,900. 

With an average price of $40 million, the project’s 37 “mansions in the sky” are currently the most expensive new-build residences on the market in Miami-Dade, according to backers. 

The downtown Miami condominium tower will eventually top out at 70 stories. 

The community is part of the Preserves at Park Trace master-planned community in Stuart. 

The community will offer 41 single-family homes and townhomes in the Heart of Boynton District. 

The 20-story, 36-condominium project is the world’s first yacht-branded residential tower, according to its developers. 

The 12-story Modera community will bring several public-space improvements to the South Dixie Highway corridor. 

After years of fast-paced home sales, tight inventory and relentless price growth, the U.S. housing market may finally be entering a new chapter.

The 37 mansions start at $15 million each and offer private-elevator entry foyers. 

Developers Constellation Group and The Boschetti Group expect completion in early 2027.

The developer appointed Fortune Development Sales to lead sales efforts.

The development, started in 2022, is the first standalone Mondrian-branded community.

The 21-story luxury tower will offer 54 condominiums starting at $1.9 million.