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CLIENT NEWS: Tesla is opening a new Kendall showroom and service center in a former toy store

March 18, 2026

A busy shopping center off Kendall Drive will soon feature a Tesla showroom and service center on the site of a former toy store. The new car complex will join other Tesla showrooms at South Florida malls, including Aventura, Dadeland and Brickell City Centre. Palms at Town & Country, off Southwest 117th Avenue, is getting the Tesla showroom and service center in late 2026 after years of discussion. Kimco Realty, which owns and runs Palms, announced Thursday it has signed[...]

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CLIENT NEWS: Ritz Carlton South Beach condo launches sales at $4.25 million

March 19, 2025

Developers have launched sales for a future 15-story Ritz-Carlton that will rise behind the historic Sagamore Hotel in South Beach. Prices for the 30 units that will be built at the Ritz-Carlton Residences, South Beach will start at $4.25 million "with the potential to reach $125 million for a combined purchase of two penthouses," said a release issued by developer Flag Luxury Group and owner Sobe Sky Development. Each of the one- to five-bedroom residences offers up to 8,104 square[...]

CLIENT NEWS: Adam Neumann’s Flow nabs $51M loan for $71M El Portal site purchase, partners with Canada Global on mixed-use development

March 19, 2025

Adam Neumann’s Flow nabbed a $51 million acquisition loan and is partnering with Canada Global for a planned mixed-use project on an El Portal development site. New York-based Ladder Capital provided the mortgage to a Delaware entity with ties to Flow that paid $71.5 million for a 16-acre former trailer park at 8500 Biscayne Boulevard, records show. Canada Global, an Israeli real estate firm led by Assaf Tuchmair and Barak Rosen, came on board as a majority partner shortly after[...]

CLIENT NEWS: Swerdlow proposes replacing Miami public housing complexes with 5,000-plus apartments with affordable, workforce units

March 12, 2025

Developer Michael Swerdlow wants to develop 5,730 multifamily units with some affordable and workforce apartments, replacing five public housing complexes across Miami. Coconut Grove-based Swerdlow Group’s project also will include 370,000 square feet of commercial space such as offices and a school; 250,000 square feet of open space and amenities and a new Tri-Rail passenger train station, according to Miami-Dade records. The project would replace the existing public housing complexes of Victory Homes at 520 Northwest 75th Street, Newberg at[...]

CLIENT NEWS: Kolter, BH seek redevelopment approval for Miami Beach oceanfront site they listed for $110M

March 12, 2025

Kolter Group and BH Group are pursuing a redevelopment plan for an oceanfront hotel that the joint venture recently listed with a whisper price of $110 million. Delray Beach-based Kolter’s hospitality division and Aventura-based BH submitted a site plan application with the city of Miami Beach to tear down the Crystal Beach Suites Miami Oceanfront Resort at 6985 Collins Avenue, as well as a neighboring historic Art Deco property, Normandy Plaza Hotel at 6979 Collins Avenue. A 19-story boutique condominium[...]

CLIENT NEWS: 13th Floor, LeFrak and Related take over Shoma dev site in Miami

March 12, 2025

Shoma Group is abandoning plans to redevelop a shuttered car dealership, selling the 2.5-acre site for $35 million to a group that includes Richard LeFrak’s eponymous firm. An entity managed by Arnaud Karsenti, principal of Coconut Grove-based 13th Floor Investments, acquired the property at 3650 Bird Road, records and real estate database Vizzda show. 13th Floor partnered with New York-based LeFrak Organization and Coconut Grove-based Related Group, led by Jorge, Jon Paul and Nicholas Pérez, to purchase the site, Karsenti[...]