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Welcome to Weekly Round-Up!
Every week we bring you the deals, market shifts, and development news shaping Miami's real estate landscape.
This week: Brickell tower sells for $340M, condo inventory hits 3-year high, and Related Group breaks ground on new Edgewater project...
Nadim Ashi's contested acquisition of the 61-unit Harbor Towers at 3901 South Flagler Drive ends a legal battle with Steve Ross at roughly $1.4 million per unit.
Azora Private Solutions paid $61 million for the 55,000-sqft building at 3480 Main Highway, setting a neighborhood record after Torose and Sabal seized it via UCC foreclosure.
The 317,500-sqft Turnpike Logistics Center traded at $251/sqft to Boston-based Cabot Properties, netting Dalfen a $19 million appreciation since 2021.
A joint venture between Jeff Sutton's Wharton Properties, Pebb Capital and Lane Capital Partners paid the highest commercial price recorded in the tri-county region that week.
Dwight Mortgage Trust is financing the eight-story Seventeen Gables Condominium on Douglas Road, where units will start under $700,000.
Ocean Bank finances the nine-story, 142,000-sqft project at 20955 Biscayne Boulevard as Miami-Dade retail vacancy falls to 2.9 percent.
The 34-story House of Wellness at 152 SW 9th Street marks a pivot from a planned hotel to residential, with studios starting at $390,000.
The unit at 100 South Pointe Drive traded at roughly $3,900 per square foot, topping residential sales recorded on February 10.
