When Alirio Torrealba got started in the real estate business in South Florida, he had neither experience in development nor proficiency in English. He somehow still led the wave of new townhome and condo development in Coral Gables, before expanding into multifamily. Just a decade after its founding, his Coral Gables-based MG Developer is sitting on a project pipeline of more than $500 million, which stretches into Hialeah, Miami, Doral and North Bay Village.Torrealba has veered into a faster lane[...]
Read MoreSan Francisco investment firm Iconiq Capital paid $77 million for a mixed-use apartment building in Miami’s Wynwood neighborhood. Related Group and Block Capital Group sold The Bradley Wynwood, a 175-unit building that was previously leased to short-term rental operator Domio, to Iconiq. Domio, which shut down last year, had a 10-year master lease with extension options. In October, Related and Block Capital listed the building at 51 Northwest 26th Street for sale with a whisper price of about $90 million, before Domio shuttered. Berkadia[...]
Read MoreBercow Radell Fernandez Larkin & Tapanes is pleased to announce that Melissa Tapanes Llahues has been elected chairperson of the City of Miami’s Miami 21 Task Force at its January 22 meeting. The ad hoc committee was created to conduct a comprehensive review of the Miami 21 zoning code, a form-based code guided by tenants of “New Urbanism” and “Smart Growth” principles. Tapanes Llahues was appointed by Commission Manolo Reyes to represent his district, District 4. Miami 21 represents the “Miami[...]
Read MoreMelissa Tapanes Llahues will be a panelist discussing “Combatting Gender Pay Disparity: Year-End Performance Reviews and Salary Negotiations,” on January 21, from 5:30 p.m. – 7:30 p.m., via Zoom. Click here to register. The event is sponsored by the Miami Dade chapter of the Florida Association of Women Lawyers (FAWL). The organization is a volunteer bar association dedicated to actively promoting the advancement of women in the legal profession, expanding the leadership role of its members in the community at[...]
Read MoreNightlife entrepreneur David Grutman obtained permission to replace a 1933-era waterfront home on one of the most expensive streets in Miami Beach with a new two-story mansion. Grutman’s plans were approved by the Miami Beach Design Review Board Tuesday morning by a vote of 4 to 2. The Groot Hospitality founder won’t necessarily demolish the 87-year-old mansion at 2050 North Bay Road. He’s offered to donate the architecturally significant building, designed by architect Carlos Schoeppl, to anyone willing to cart it away[...]
Read MoreJDS Development Group moved a step closer to building a 2.48 million-square-foot project in Miami’s Brickell after purchasing properties for $23 million. Led by Michael Stern, New York-based JDS Development Group executed two transactions through affiliate 191 SW 12 Owner LLC. They cover part of the land needed for its 1 Southside Park project. In the bigger deal, CS Brickell LLC, an affiliate of Choice Hotels, sold the 22,500-square-foot property at 145, 155 and 165 S.W. 12th St. for $14 million. The[...]
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