June 2019 Issue

Russell the relentless

How Crescent Heights developer Russell Galbut plans to remake South Florida

When Miamians and tourists drive eastbound on the MacArthur Causeway, past Star, Palm and Hibiscus islands, past the cruise ships with passengers waving as they exit the port, the first building that’ll catch their eye will be a veritable skyscraper. A 44-story, 519-foot-tall luxury residential building dubbed Park on Fifth is set to rise at 500 Alton Road, right at the entrance to South Beach. The project on the site … [more]

Making hay in Wellington

The wealthy enclave is home to the who’s who of power players that have equestrians in the family

In a tony enclave in Palm Beach County, streets have names like Appaloosa Trail and Equine Lane, signs demand that horses have the right of way, and … [more]

At the desk of: Gil Dezer

The developer behind Residences by Armani/Casa on his firm’s project pipeline, settling arguments with toy tanks and spritzing with Donald Trump: The Fragrance

Ride the elevator along with swimsuit-clad hotel guests to the 31st floor of Trump International Beach Resort … [more]

Putting proptech to the UX test

It’s the hottest thing around for investors, but which proptech products are actually helping the people making deals? Local professionals discuss the savvy software they’re using

The lobby of the Coral Gables … [more]

Parking it

REITs and developers following in the footsteps of Sam Zell’s Equity LifeStyle Properties are eager to acquire mobile home parks for their reliable income and development possibilities

When Sam Zell’s Equity LifeStyle Properties snatched up a Davie mobile … [more]

Rental royalty

The multifamily developers with the most units in the pipeline bet on South Florida’s continued growth, but so much new supply threatens to limit rent growth

South Florida like Midtown Miami, Wynwood, Coral Gables and … [more]

Shop shift

Retail vacancies abound in Wynwood as it evolves into a resi-heavy ’hood, leaving insiders wondering if it’ll become the next Lincoln Road or something far less glamorous

As Wynwood blossomed into one of Miami’s hottest spots to visit in recent … [more]

Lost paradise at the Palm House

The planned $91M hotel-condo project has been a case study in EB-5 fraud, leaving investors in the lurch and an unfinished building in its wake

When Chinese, Iranian and … [more]

A delicate balance (sheet)

Nonbanks are filling a void in lending to low-income borrowers, but what could happen in a downturn?

Something about this moment seems all too familiar. Prior to the financial crisis, small mortgage companies were lending to thousands of homeowners … [more]

Can eXp surge in South Florida?

The virtual brokerage is gaining traction nationally, but some say it could have a tough time unseating the brokerage stalwarts

In 2015, eXp Realty CEO Glenn Sanford boarded a 43-foot motor coach and set off from Bellingham, Washington, … [more]

Deals in the O-Zones

Some of South Florida’s biggest commercial trades in the last six months lay within the federally designated Opportunity Zones

It’s one of the hottest topics of the commercial real estate world, and in South Florida, Opportunity Zones have inspired investors to put their money … [more]

The Closing: Laurinda Spear

The Arquitectonica co-founder on the challenges of landscape architecture and why business travel is highly overrated.

Though she has largely remained out of the spotlight, Laurinda Spear has been a driving force in both architecture and landscape architecture for decades as … [more]

Tenacious G

You must be made of tough stuff to get a building off the ground in South Florida. Maybe even canine stuff. Such is the character of this issue’s cover subject, … [more]