In the latest roundup of South Florida residential sales, a Michigan car dealer, Subway bakery investor and sporting goods scion bought and sold homes across the region.  Sales spanned Golden Beach to Palm Beach, and prices ranged from $9.4 million to $18 million. Golden Beach In Golden Beach, an investor group sold a renovated non-waterfront house for $12 million. Douglas Elliman agent Brett Harris confirmed that he and Lance Burstyn, through their O B Development LLC, sold the home at 128 Ocean Boulevard. The deed is not yet public and the buyer is unknown. Harris had the listing.  ..read more

A Miami Beach property where Rishi Kapoor planned a co-living condo project will be sold at auction. Miami Federal Judge Jacqueline Becerra on Monday authorized the hiring of auctioneer Lamar Fisher and his eponymous firm to sell two commercial buildings at 1234 and 1260 Washington Avenue owned by an affiliate of Urbin, a subsidiary of Location Ventures, the Coral Gables-based development firm founded by Kapoor, court records show.  A lender, Coral Gables-based Spectrum Mortgage Group, has a pending $14.9 million foreclosure complaint against an Urbin entity that owns the properties.  ..read more

Privee Capital plans a 12-unit waterfront condo project in North Beach, marking continued residential development appetite for the neighborhood.  The Miami Beach-based development firm will build a five-story building on a 0.8-acre lot at 1940 Bay Drive in Miami Beach, according to Scott Alcus, managing partner at Privee.  Designed by Revuelta, the building will include four private boat slips and three penthouses, each with access to private rooftop pools and outdoor kitchens.  The Miami Beach Design Review board gave final approval to the project on April 2.  Privee paid ..read more

Grupo Frali purchased a development site in Miami’s Edgewater to complete a full block assemblage, but the firm doesn’t have any immediate plans for a project.  An affiliate of Grupo Frali, a private investment firm based in Buenos Aires, Argentina, acquired a 20,240 square-foot vacant lot at 3047 Biscayne Boulevard, a press release states. With its purchase, Grupo Fali now owns the entire block between Northeast 30th and 31st streets and between Biscayne Boulevard and Northeast Fourth Avenue, records show. The buyer paid $12.4 million for 3047 Biscayne Boulevard, the release states. Fran ..read more

Price growth and increased inventory were the constant forces across South Florida’s residential markets in the first quarter.  Median prices for condos and single-family homes rose, for the most part, from Miami-Dade County to Palm Beach County, according to Douglas Elliman’s reports, which are based on sales recorded in the Multiple Listing Service.  The reports, authored by Jonathan Miller of Miller Samuel, show in sales from city to city. While closings generally fell across the tri-county region, some markets like Weston and Palm Beach experienced an increase in single-family ho ..read more

Tecnoglass has big plans for a new headquarters in Miami’s Morningside after acquiring a shovel ready development site. An affiliate of Tecnoglass, an industrial glass manufacturer that last year moved to Miami from Barranquilla, Colombia, acquired a 0.6-acre assemblage at 5101 and 5125 Biscayne Boulevard, according to records and real estate database Vizzda.  Morningside is an affluent enclave in Miami’s Upper Eastside, where the city of Miami has enacted strict height limits and historic designations of buildings featuring MiMo architecture.  Tecnoglass, led by CEO José Manuel Daes ..read more

Lefferts is launching sales of a 14-story, 126-unit non-waterfront condo project in Miami Beach’s North Beach, marking its third planned development in the neighborhood. The Miami Beach-based developer tapped OneWorld Properties to lead sales for Palma Miami Beach Residences at 600 71st Street, a press release shows. The plan for condos is a switch from apartments: The project was initially planned as a 13-story, 110-unit apartment building when it won approval in 2021.  The condo building will allow short-term rentals, with no restrictions on the minimum length of leases, according to th ..read more

Residents in predominantly working-class Hialeah are feeling the squeeze from soaring apartment rents, and some are getting slapped with evictions, following a wave of high-end multifamily construction in the city.  The development spree has led to a surge in rent, now ranging from $2,050 for a studio to $3,765 for a three-bedroom unit, pricing out residents in the city where the average household income is about $49,000 annually, according to the Miami Herald. The eviction crisis is especially pronounced at the three biggest recent developments –– Pura Vida Hialeah, Shoma Village and Man ..read more

The developers of Miami Wilds are accusing Miami-Dade County Mayor Daniela Levine Cava of killing a controversial water park deal to protect her reelection bid, a recent court filing states. Miami Wilds countersued Miami-Dade on Monday, alleging the county breached a 2022 lease agreement allowing the company to build the water park, a 200-room hotel and up to 20,000 square feet of restaurants and shops on 66 acres at the Zoo Miami campus in an unincorporated area of southwest Miami-Dade.  The Miami Wilds countersuit alleges Levine Cava killed the deal to “appease some of the political act ..read more

Taurus Development proposes a 159-unit workforce housing project in Goulds, marking continuing investor interest in south Miami-Dade County.  The Coral Gables-based firm wants to build a 15-story building on an acre of land at 11888 Southwest 220th Street in an unincorporated area of the county, according to a Taurus application submitted to Miami-Dade this month. Called Valencia Club Apartments, the project would include some ground-floor retail, though the exact square footage has not been determined, said Taurus’ J.C. Molano.  The majority, though not all, of the apartments would ..read more