December 2019 Issue

Will Moishe Mana’s dream for downtown Miami ever become a reality?

Dreaming of developing a whole new “ecosystem” in downtown Miami, Moishe Mana spent a fortune buying up older buildings. But with systemic problems and the real estate cycle on the tail end, can Mana deliver on his promises?

Moishe Mana sits down at the head of a conference table in his Wynwood office and immediately slips off his Louis Vuitton shoes, leaving his bare feet to just brush the tile floor. “It is crazy, you know. Like I was in Colombia now, I was walking barefoot on the beach for three days,” said Mana, who has a habit of smiling while he talks. “I need to take the … [more]

Developers are banking on co-living, but will it catch on?

The grown-up version of dorm living spreads in South Florida as developers easily pencil out profits from the higher-density rental properties

When Pebb Capital principal James Jago attended Tulane University in the early 2000s, he lived in “a dumpy house” with three roommates. But now, college students increasingly have the option … [more]

Dacra’s Craig Robins on his most treasured office artwork

The developer and art connoisseur takes a break from Art Basel festivities to discuss the pieces he treasures most

From paintings on the wall to colorful doodles on his desk, Dacra CEO Craig Robins’ office is a veritable gallery, where even the furniture carries an artistic pedigree. Working out … [more]

How Miami-based players are making the most of Opportunity Zones

While ambitious national Opportunity Zone funds fail to reach their goals, local players find success in targeting specific projects for the federal program

Call it a case of lowered expectations. At one time, former White House communications director Anthony Scaramucci saw auspicious possibilities in the Opportunity Zone program enacted as part of Trump’s … [more]

As Blackstone & Prologis buy up industrial, these local players make bank

Local industrial players get creative as national firms gobble up warehouse properties, but a scarcity of land leaves little left for the heavyweights to buy

UPDATED January 20, 7:39 p.m. Malcolm Butters’ firm has been building industrial properties in South Florida for about 30 years. But the last three or four of those years have … [more]

Related, PMG slapped with suits alleging faulty construction, false advertising

A host of lawsuits alleging faulty construction or misleading advertising have walloped builders — and lawyers say it’s only just beginning

The luxury South Beach condominium One Ocean is among the Related Group’s signature projects of the most recent cycle. Completed in 2016, the 50 units in the eight-story boutique building … [more]

Title fraud is on the rise. Here’s why it won’t stop anytime soon.

South Florida is fertile ground for ‘title pirates’ — but with no procedures in place to verify deed ownership transfers, how can property theft be stopped?

When family members of Lycienne Prince Barber were about to sell their dead relative’s two duplexes in Biscayne Park, they made a startling discovery. During the prerequisite title and lien … [more]

2019 in review: the biggest deals, stories, lawsuits & more

As we embark on a new decade (and perhaps soon, another cycle? Finally?), TRD is looking back on the players who played the game to win in 2019, rounding up … [more]

Can Coral Gables absorb all the new development underway?

As locals seek out alternatives to traffic-ridden downtown Miami, the city has been sprouting live-work-play projects and hotels

UPDATED January 7, 11:45 a.m.: At the corner of Malaga Avenue and Ponce de Leon Boulevard, work crews recently topped off a Class A office building and an apartment tower … [more]

Broward developments test the appeal of living canal-side

Several developments along local canals will test the appeal of artificial waterways as amenities

Many of South Florida’s finest waterfront homes have sweeping views of the Atlantic Ocean or the Intracoastal Waterway, the inland waterway along the East Coast. Farther down the food chain … [more]

Editor’s note: A Mana distinction

If there’s one thing I love about covering this industry and its many facets, it’s the personalities. To draw millions in funding from investors who buy into your vision, one … [more]

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