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CLIENT NEWS: Five Park closing tops Miami-Dade weekly condo sales

May 12, 2025

Miami-Dade County’s condo sales and dollar volume rose last week. Brokers closed 157 condo sales totaling $136.9 million from April 27 to May 4. The previous week, brokers closed 109 condo sales totaling $106 million. Last week’s units sold for an average of $871,712, lower than the $972,843 average price from the previous week. The average price per square foot fell to $568 from $589, according to data from Redfin. For the top 10 sales, prices ranged from $3 million[...]

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FIRM NEWS: Meet Miami-Dade’s go-to lobbyists for real estate developers

September 4, 2024

They add skyscrapers to Miami’s skyline and bring new single-family home communities into existence in southwest Miami-Dade. But they’re not the developers. No, they’re the developers’ hired guns: the lobbyists, land use lawyers and consultants who get projects off the ground and across the finish line. They know the ins and outs of municipal and county government and have tight-knit relationships with politicians and bureaucrats. They’ve mastered the art of cutting through red tape and diffusing controversies. Miami’s developers can’t[...]

CLIENT NEWS: Panattoni picks up former Miami Herald headquarters in Doral

September 3, 2024

Panattoni Development jumped into the Doral office submarket, picking up a two-story building that previously housed the headquarters for Miami Herald and El Nuevo Herald. An affiliate of Irvine, California-based Panattoni, led by Carl Panattoni, acquired the 9-acre property at 3511 Northwest 91st Avenue, records and real estate database Vizzda show. The deal breaks down to roughly $189 a square foot for the 158,268-square-foot building completed in 1997. A Cushman & Wakefield team led by Wayne Ramonski and Mark Gilbert[...]

CLIENT NEWS: Michael Swerdlow dishes on Overtown project and other recent deals

September 3, 2024

For nearly a half-century, Michael Swerdlow has been a driving force in retail and mixed-use development in Miami-Dade County. In the early 2000s, the Coconut Grove-based developer teamed up with Bloomfield Hills, Michigan-based Taubman Centers to build Dolphin Mall, a 1.4 million-square-foot outlet retail and entertainment center in Sweetwater. He cashed out in 2002 when Taubman bought out his 50 percent stake in Dolphin Mall for $97 million. The same year, Swerdlow negotiated an agreement with the city of North[...]

CLIENT NEWS: MG Developer proposes 552 apartments for final phases of Doral project

August 28, 2024

MG Developer, led by CEO Alirio Torrealba, has the final phases of the mixed-use Midtown Doral project under contract, but it’s looking to make changes to the development program. The City Council approved the amended settlement agreement and master development agreement for Midtown Doral phases IV, V and VI on Aug. 14 at First Reading. MG Doral Partner LLC, an affiliate of Coral Gables-based MG Developer, has 7.2 acres on east side of Northwest 107th Avenue, between Northwest 86th Street[...]

CLIENT NEWS: 1,049-Foot Dolce&Gabbana Tower Submitted For Review

August 28, 2024

Plans for the Dolce&Gabbana Tower were submitted to Miami-Dade planners last week. According to a letter attached to the application, the developer is requesting administrative site plan review for the new building. The new filing shows the tower will rise 81 stories and include: 259 residential units 102,805 square feet of commercial uses, including retail, restaurant, spa, and gym 273 parking space Elevations show the tower will reach exactly 1,049 feet, which is the maximum permitted by the FAA in[...]