Miami

The biggest transaction is the purchase of the Aviah Flagler Village apartments in Fort Lauderdale by a Hialeah-based group for more than $67.5 million.

The transaction includes the sale of two adjacent properties for $8.64 million, bringing the total deal to nearly $90 million.

HUD provided a $30 million loan that was arranged by Greystone.

This transaction was sourced off-market by Asia Capital Real Estate.

One Park Grove, the third and final condominium tower at the Park Grove community, is complete with 80% of contracts closing.

The Jupiter, FL 42-bed project represents more than $25 million in capital investment within the area.

In 2019, there were 321,000 units, but this year, there will only be 283,000, which is a 12% decrease, said a report by RENTCafe Blog.

The Lincoln Road BID came up with a plan to create alternative uses for vacant retail space, empty parking garages and the open-air pedestrian promenade.