Miami

M&G Investments has committed an initial $50 million in equity to the partnership, which represents its entry into the US multifamily market.

This likely will be the e-commerce giant's biggest distribution center in South Florida.

The Estate Cos. is starting Soleste NoMi Beach less than a week after securing financing for a Miami River multifamily building and a month after topping off its Overtown tower.

Sawyer's Landing originally was planned as a mix of market-rate and affordable units, but the latest concept is for an all-affordable development and a Target store.

Brand-name stores are opening, tenants are set to move into an apartment tower in October, and office leasing is ongoing.

The prolific multifamily developer Estate Cos. is building the eight-story, 240-unit Soleste Spring Gardens south of the Dolphin Expressway near the Miami River.

The coronavirus hit to investment sales is evident as some real estate asset classes lost more than half of their transaction value in the first half of the year compared with the same time last year.

A real estate developer is moving its Brickell office to the new One Cocowalk office building, and the second story of the shuttered Gap store is being converted into offices.