In The News

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

CLIENT NEWS: MG Developer lines up $39M loan to build Coral Gables townhome project

July 17, 2025

MG Developer’s pipeline keeps pumping along as Alirio Torrealba’s firm is about to score a $39 million construction loan for a Coral Gables townhome project. Miami-based Pine Bay Capital is providing the financing for The George, a planned development of 13 two-story townhouses at 717 Valencia Avenue that represents the final phase of MG Developer’s Biltmore Square community, a press release states. The loan is set to close soon, an MG Developer spokesperson said. Coral Gables-based MG Developer already completed[...]

Ready to take that next step?

Previous News

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[...]

CLIENT NEWS: $2.6B project with 5,720 apartments proposed in Miami-Dade

March 12, 2025

A company led by developer Michael Swerdlow is seeking a 99-year land lease with Miami-Dade County to redevelop numerous public housing sites in Little River with 5,720 affordable and workforce apartments. The Miami-Dade County Housing Committee will consider the ground lease with SG Little River Holdings LLC, led by Swerdlow, on March 11. It would require approval from the full County Commission at a later date, tentatively on April 1. The county issued a request for proposals (RFP) in 2023[...]

CLIENT: Hialeah to consider 3 major apartment projects

March 4, 2025

Hialeah officials will review plans for three major development projects with a combined 636 apartments proposed. The City Council will consider the three items on first reading on the evening of Feb. 25. They are the latest projects amid a development boom in the working-class city. In the biggest project on the agenda, Metro Parc West LLC, an affiliate of Coral Gables-based MG Developer, has proposed an eight-story building with 420 apartments and 6,390 square feet of commercial space on[...]

CLIENT NEWS: Historic preservation board greenlights Keyah’s plans for new Miami Beach hotel

February 24, 2025

The Miami Beach Historic Preservation Board is keen on Keyah Real Estate Group’s plan to reshape nearly an entire Art Deco block between Washington and Collins avenues. On Feb 11, the board unanimously approved by a 5-0 vote a new 262-key hotel project by Aventura-based Keyah and Grup Peralada, a family office based in Barcelona, Spain. The planned redevelopment entails the partial demolition of the historic Haddon Hall hotel at 1500 Collins Avenue, as well as completely tearing down a[...]

CLIENT NEWS: This Miami Beach Art Deco Hotel Is Back, With a Massive Penthouse, Incredible Restaurant, and Oceanfront Pool With a ’50s Diving Board

February 24, 2025

Since its 1940 debut, The Shelborne has stood among the treasure trove of art deco glamour on Miami Beach's Collins Avenue. Now, after an extensive $100-million renovation, the oceanfront landmark is poised for a return as The Shelborne by Proper, set to open on May 1, 2025. The beachfront property — the first foray into Florida for the Santa Monica, California-based Proper Hospitality — has 251 rooms, suites, and villas, most of which have sweeping ocean views. And while the[...]