Adam Farence

The December trade added fuel to the real estate industry's narrative that Miami's financial district is a prime market, insulated from the headwinds felt in most of the rest of the tri-county region and much of the nation, including elevated interest rates.

The majority of Miami-Dade County buildings scoring the new rate highs aren't the typical corporate towers that usually drive records. Instead, much of the focus is on smaller projects, usually five or six stories, with sleek designs and high-end amenities. Descriptors such as “bespoke,” “jewel boxes,” “boutique” and “biophilic” are common in industry conversations and marketing materials.

The total mortgaged value behind March and April's foreclosure efforts totaled $482.7 million, the analysis found. March accounted for $260.4 million in foreclosure starts, while April saw $222.3 million. The median foreclosure value in March was $180,335, rising to $191,900 in April.

Versity Investments' Brian Nelson with Buckingham Tower (Versity Investments, Google Maps)Cook County lenders initiated 1,633 foreclosure lawsuits during March and April: 784 in March and 849 in April, The Real Deal’s analysis of public records shows. The total mortgaged value behind March and April’s foreclosure efforts totaled $482.7 million, the analysis found. March accounted for $260.4 million in foreclosure starts, while April saw $222.3 million. The median foreclosure value in March was $

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“When you sign a lease, it's like a marriage, it's a partnership,” he said. “The most important thing for me is that my landlord understands the value of what we're bringing. If the landlord doesn't understand, then I don't want to work with people like that.”

Thousands of apartments proposed for shopping hubs across region Many South Florida shopping malls are like chrysalises, struggling to shed their retail-only past and emerge as vibrant mixed-use districts.

After offloading a Kenwood apartment complex earlier this year amid mounting distress in their real estate portfolios, the Lowensteins are now facing nearly $55 million in combined commercial mortgage-backed securities (CMBS) foreclosure lawsuits along a single stretch of South Drexel Boulevard in Chicago's Bronzeville neighborhood.

A cluster of single-family homes on 1-acre lots and vacant parcels near Baptist Hospital of Miami are slated for redevelopment with more than 200 apartments, proposals that riled up hundreds of neighbors in a pocket of Kendall.

Former state representative Lopez will face off as the incumbent against former Florida Highway Patrol Trooper Joe Sanchez and U.S. Marine Corps veteran Rob Piper on Aug. 18 for the commissioner seat she was appointed to last November to replace Eileen Higgins when she transitioned to the mayor of Miami.