The Real Deal Miami

Posts Tagged ‘related group’

  • Lauderdale-by-the-Sea condo sues Related, contractors over alleged shoddy construction

    Suit alleges defective fire sprinkler system is causing extensive damage to 96-unit condo
    May 26, 2016 11:15AM
    Aquazul in Lauderdale-by-the-Sea

    Aquazul in Lauderdale-by-the-Sea

    For the third time in five months, another condo project developed by the Related Group is facing accusations of shoddy construction work likely to cost millions to repair. [more]

  • Related, partners secure $74M in long-term debt for Doral apartments

    Retail portions of project on track to open end-year 2016
    May 19, 2016 01:30PM
    Manor at CityPlace Doral

    Manor at CityPlace Doral

    Related Group, Shoma Group and PGIM Real Estate Investors have just secured $74 million worth of long-term debt for the first multifamily piece of their massive CityPlace Doral project. [more]

  • Auberge Miami debuts new sales center: PHOTOS

    $2M sales gallery includes a model kitchen and bath, a wine room and a scale model
    May 12, 2016 11:15AM
    AubergeFrom left: Carlos Rosso, Raimundo Onetto, Henry Pino and Rodrigo Gana (Credit: World Red Eye)

    The Related Group celebrated the opening of the sales center for Auberge Residences & Spa recently. … [more]

  • Jorge Perez brings a condo project to his hometown

    His Related Group is co-developing a two-tower project in Buenos Aires, Argentina
    May 07, 2016 11:00AM
    Rendering of Puerto Madero in Buenos Aires

    Rendering of Puerto Madero in Buenos Aires

    Jorge M. Perez, chairman and CEO of Miami-based Related Group, is getting a good reception for a condo project in his hometown: Buenos Aires, Argentina.

    Related Group and hospitality company sbe have presold more than half the units in their joint development of a condominium in Buenos Aires called SLS LUX Puerto Madero.

    The two-tower development in the Argentine capital city’s upscale Puerto Madero [more]

  • Jarden co-founder buys unit at Related’s One Ocean: $6.4M

    SoFi project has 49 units in two eight-story buildings
    May 06, 2016 04:30PM
    One Ocean in Miami Beach

    Rendering of One Ocean in Miami Beach

    The co-founder of the multibillion-dollar consumer products company Jarden has purchased a unit at One Ocean, a newly completed condominium in the South-of-Fifth neighborhood of Miami Beach.  [more]

  • Experts on why they think Broward’s real estate market is the place to be: VIDEO

    Panelists offered their views on Broward's hottest neighborhoods
    May 04, 2016 12:45PM
    South Florida Markets panel

    From left: Harvey Hernandez, Jean Francois Roy, Patrick Campbell and Jaime Sturgis

    Newgard Development Group, Metro 1 and the Related Group are all names heavily affiliated with some of Miami’s hottest neighborhoods. But the trio have something else in common: they all have a soft spot for Broward County and are spearheading a new wave of development and investment there.

    Harvey Hernandez of Newgard, Jaime Sturgis of Metro 1, Patrick Campbell of Related and their colleague Jean Francois Roy of Ocean Land Investments all weighed in on why Broward County is a hot market to be in right now during The Real Deal’s Broward Real Estate Showcase & Forum last month.

    Click here to check out watch these four heavyweights break down their thoughts on the Broward County real estate market at TRD’s Broward event. … [more]

  • Patrick Campbell gives Related’s view of Broward County: VIDEO

    Developer still feeling out market for its Icon Las Olas project
    May 02, 2016 10:30AM
    Patrick Campbell and Ina Cordle

    Patrick Campbell and Ina Cordle

    The Related Group has cranked out more luxury condo buildings this cycle than any other developer, and when a company like that starts paying attention to lesser-developed neighborhoods, the competition takes note. Related is in the midst of building several residential projects in Fort Lauderdale and is testing out the market to see what kind of demand the city can muster.

    Patrick Campbell, the firm’s vice president, sat down with The Real Deal South Florida’s Managing Editor Ina Cordle to talk about Related’s views on Fort Lauderdale, and what the company’s plans are for its future there.

    Click here to check out this one-on-one interview at TRD’s Broward event last month. … [more]

  • Marina portion of waterfront condo project opens

    It is part of the Marina Palms Yacht Club & Residences in North Miami Beach
    April 30, 2016 10:30AM
    Marina Palms Yacht Club & Residences in North Miami Beach

    Marina Palms Yacht Club & Residences

    The developers of the Marina Palms Yacht Club & Residences opened the marina portion of the project in North Miami Beach.

    The Marina Palms Yacht Club at Biscayne Boulevard and 172 Street has 112 wet slips  for vessels 40 feet to 100 feet long.

    “Premium dock space is very hard to find in South Florida. There hasn’t been a new marina like this built in over 20 years,” Jim Bronstien of US Marinas, the manager of the newly built marina, told the Miami Herald in a prepared statement.

    The new marina is located in Maule Lake along the Intracoastal Waterway, a 15-minute boat ride from the Atlantic Ocean. [more]

  • Lawsuits allege developers performed shoddy construction work on Trump Towers in Sunny Isles Beach

    150 alleged defects cited throughout the three towers and common areas
    April 18, 2016 05:15PM
    Trump Towers in Sunny Isles

    Trump Towers in Sunny Isles

    There’s major trouble brewing over dozens of alleged construction defects at the Trump Towers I, II, and III in Sunny Isles Beach.

    In three separate lawsuits filed in Miami-Dade Circuit Court last week, the master condo association for the three buildings alleges that garages, facades and pool decks need extensive and expensive repairs due to shoddy work by the developers, The Related Group and Dezer Development. [more]

  • SoFla’s largest construction loans

    The majority of big loans for this cycle may have already closed, sources say
    April 13, 2016 12:00PM
    The Miami Design District scored the largest construction loan last year, to the tune of $600 million.

    The Miami Design District scored the largest construction loan last year, to the tune of $600 million.

    From the April issueAmid an oversupply of new condominiums and an abundance of cranes scattered across Miami’s skyline, big banks are becoming more selective about which projects they will provide construction financing for, while some developers are choosing alternative lenders in the absence of traditional financing.

    Still, there is plenty of capital for the right project. The Real Deal looked at the biggest construction loans in South Florida from January 2015 to February 2016, as documented in public records. The 10 largest were all in Miami-Dade County. [more]