In The News

Get updates from our press releases, latest newsletters, and recent work.

CLIENT NEWS: Billionaire’s $20 million gift kickstarts Vizcaya expansion

November 13, 2025

As the landmark, publicly owned Vizcaya Museum and Gardens starts work on an extensive, long-planned restoration and enhancement of the estate’s historic farm village, the initiative has lured a large gift from billionaire Ken Griffin — and a surprising proposition from the financier that’s sure to draw significant scrutiny. On Friday, Vizcaya’s leaders are set to unveil a revised, detailed master plan for a revamped farm village along with a $20 million donation to the project from Griffin, the founder[...]

Ready to take that next step?

Previous News

CLIENT NEWS: Acre scores controversial upzoning approval for 337-unit rental project near MiMo’s Legion park

September 12, 2024

A developer scored approval for a controversial upzoning for a 337-unit apartment project adjacent to Miami’s Legion Memorial Park, despite vehement pushback from neighbors. The Miami Planning, Zoning and Appeals Board greenlit the rezoning of a 3.5-acre vacant assemblage on the northeast corner of Biscayne Boulevard and Northeast 64th Street. Acre, an Atlanta-based multifamily private equity and investment firm, wants to build the six-story apartment building. The project, called Adela II, would rise immediately west of the bayfront five-story Adela[...]

CLIENT NEWS: MG Developer expands into hospitality after buying Miami hotel for $36M

September 12, 2024

MG Developer is entering the hospitality sector after paying $36 million for a hotel near Miami International Airport. Coral Gables-based MG, led by Alirio Torrealba and Diego Torrealba, acquired Regency Miami Airport by Sonesta, a five-story hotel with 176 rooms at 1000 Northwest 42nd Avenue, records and real estate database Vizzda show. The deal breaks down to $204,545 per key. The seller, an affiliate of Miami-based hospitality real estate firm OPB Capital Group led by Orlando Padron, paid $25.8 million[...]

CLIENT NEWS: Site Work Permit Issued For Former Miami Arena Site, Where 2,350 Units Planned

September 10, 2024

Miami’s Building Department has issued a site work permit for the former Miami Arena site. The permit was issued on August 26, with Coastal Construction listed as the contractor, records show. Three towers are planned on the property, to be built in phases. A master construction permit for the first tower, with 894 residential units, is currently moving through the approval process, along with a phased vertical permit. The first tower will rise 52 stories, or 624 feet. Eventually, the[...]

CLIENT NEWS: OFFICE REVIVAL Owners Upgrade Workplaces to Attract more Companies

September 9, 2024

Ask real estate insiders what the most challenged sector is now, and most would say office due to the advent of remote and hybrid work schedules. But that hasn’t kept some investors from going all in and funding pricey upgrades for office buildings to lure tenants willing to pay top-dollar rents. The strategy has already proven successful in some South Florida buildings. And while more office investors have taken notice, not all buildings are suitable for costly renovations. Most office[...]

CLIENT NEWS: Billionaire Barry Sternlicht plans $61M redevelopment of Miami Beach hotel

September 9, 2024

The Standard Spa, a Miami Beach two-story hotel co-owned by billionaires Barry Sternlicht, Peter Thiel and Marcelo Claure, may undergo a $61 million redevelopment that introduces new residential units and cuts the number of hotel guest rooms. Documents detailing the planned project at 40 Island Ave. have been filed with the city’s Design Review Board. A meeting to discuss potential design approval is set for Oct. 1. The Standard Spa was purchased by Starwood Capital Group Chairman Sternlicht in 2021.[...]