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CLIENT NEWS: MG Developer plans hundreds of apartments on hotel site

February 19, 2026

MG Developer could build apartments next to its Regency Miami Airport by Sonesta hotel in Miami. The city’s Urban Development Review Board [approved] plans for the 3.79-acre property at 1000 N.W. 42nd Ave. on Feb. 18. It currently has a 176-room hotel that was built in 1982. MG Regency Airport LLC, an affiliate of Coral Gables-based MG Developer, led by Alirio Torrealba, acquired the hotel for $36 million in 2024. The company is primarily a multifamily developer. Under the plans[...]

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CLIENT NEWS: 1.5M Square Foot Sawyer’s Walk Now 100% Leased, Completion In Summer

January 30, 2024

The retail and office space at Sawyer’s Walk is now 100% leased, with completion expected this summer. It is the largest mixed-use project in Overtown in decades, with 1.5 million square feet. The development will include 175,000 square feet of retail, including a 50,000-square-foot Target store, a 25,000-square-foot Aldi supermarket, and new locations for Ross Dress for Less, Five Below, Burlington and Tropical Smoothie Cafe. There will also be 130,000 square feet of office space. MSC Group has taken all[...]

CLIENT NEWS: 154-Unit Luxury Rental Building Planned In Wynwood Under Live Local Act

January 24, 2024

Real estate firm Clara Homes has closed on the purchase of a Wynwood property where it plans a luxury apartment building under Florida’s Live Local Act. Clara paid $7.7 million for a 17,000-square-foot site at 2601 NW 6th Avenue, or $450 per square foot. Seller financing was provided at 5%, and a sale leaseback for at least a year to a year and a half was also part of the deal. Jordan Karp represented the buyer. Austin Burke was the[...]

CLIENT NEWS: MSC Group has announced its new home in Downtown Miami

January 19, 2024

MSC Group has announced its new home in Downtown Miami. According to a statement, the MSC Group’s $100 million investment in Miami-Dade will bring approximately 250 South Florida-based team members from MSC Cargo, MSC Cruises and Explora Journeys under one roof in a new state-of-the-art facility within Block 55 at Sawyer’s Walk. MSC Cargo has had a presence Miami-Dade for more than 25 years and now MSC Cruises is moving to establish the Cruise Division’s North American headquarters as part[...]

CLIENT NEWS: Kushner scores approval for luxury apartment project in Surfside

January 17, 2024

The Surfside commission gave Kushner Companies its blessing for a planned luxury apartment development that’s expected to include a synagogue. New York-based Kushner plans a nearly 90-unit residential project with a roughly 1,200-square-foot community or religious center on the 2.9-acre site at 9300 Collins Avenue. The commission voted 3 to 2 to pass a resolution approving Kushner’s site plan and a resolution for religious land use relief. The latter allows the developer to build underground parking to meet the National[...]

CLIENT NEWS: New York hospitality group pushes opening date for Catch Miami Beach

January 3, 2024

A fine dining restaurant that was originally slated to open in Miami Beach this fall will likely get its debut next year. New York-based Catch Hospitality Group updated its website to notify customers that the company’s seafood restaurant Catch is coming in 2024. When ready, Catch Miami Beach will open in the city’s affluent South of Fifth neighborhood at 200 South Pointe Drive. According to the plans revealed in late 2022, the two-floor restaurant will occupy 22,000 square feet and[...]