Mast Capital acquired a majority of the units at La Costa on Miami Beach for more than $100 million in May before the order to evacuate the unsafe structure. They plan to build a luxury tower on the site of the oceanfront condo building that was ordered evacuated by the city.
ALINA Residences in Boca Raton secures $52.8 million loan for second phase of construction.
Condos.com launched and is a real estate sales website dedicated to new and pre-construction condominiums.
Developer PMG and partners officially unveiled the multi-million dollar, first-of-its-kind Waldorf Astoria Experiential Sales Gallery for Waldorf Astoria Residences Miami at a ceremony on June 17th.
Monaco Yacht Club & Residences has announced that Belinda Andretti has joined their sales team.
Single-family housing starts were up 4.2% from April and 49.8% from May 2020, at 1,098,000, according to the U.S. Census Bureau and Department of Housing and Urban Development.
Soleste Grand Central has launched leasing sales and is scheduled to complete development by the end of 2021.
With high costs slowing construction and potentially lowering homeownership for many, easing zoning rules may be the most effective way to increase the supply of new housing.
Condominium sales have launched for the 360 residences at the Waldorf Astoria Hotel & Residences Miami which will rise 100 stories with the shape of nine spiraling offset glass cubes. The estimated development cost for the project is $970 million with a completion date of 2025.
Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.