Miami

"The surge in sales reaffirms our belief in the region as a critical global gateway for business, travel and tourism, and residential living," said Vanessa Grout, CEO of OKO Real Estate. "I have no doubt that Miami and the South Florida region have longevity and will continue to prosper."

Southport Financial, one of the largest affordable housing investors in the country, purchased The Sands at St. Lucie in Fort Pierce for $32.2 million.

Here's a snapshot of three fresh South Florida projects, jump-started with a total of $9.3 million in loans.

GlobeSt.com spoke with R&B Realty Group's Head of Development and Acquisitions, Shelby Rosenberg, on this trend. Here is what we learned.

"Grove Central is a model for the future of development and mobility in Miami-Dade County," Miami-Dade County Mayor Daniella Levine Cava said.

Will the influx of new-to-market firms truly rebound the South Florida office market after the pandemic or is this confidence just overinflated hype? It depends on whom you ask.

The new offices will diversify Miami Beach as the city traditionally has been an entertainment destination, leaving it prone to hard economic hits during the coronavirus pandemic when hotels, restaurants and bars closed.

A joint venture of Related Group and Block Capital sold the property.