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December 15, 2014

Related Group affiliate secures $61M apartment loan

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South Florida Business Journal by Brian Bandell. An affiliate of the Related Group scored a $61.43 million mortgage for its recently completed apartment project in the Fontainebleau area of Miami-Dade County. Regions Bank provided the loan to RD Fontainebleau, a Related Group affiliate that finished building Doral View apartments at 913 N.W. 97th Ave. It started construction in…

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A five-year-old condo boom continues

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South Florida Business Journal by Nina Lincoff. South Florida’s condo market revival started in 2009 after bank-held inventory started rising in price. Cash buyers’ strong demand for condo units made it a no-brainer for developers to build condominium projects again, said Carlos Ross, president of the Condominium Development Division for The Related Group, a company…

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October 29, 2014

Developer lucks into Miami’s newest hot spot

New York Post By Michael Kaplan   Stephan Gietl, principal of Mckafka Development in Miami, wasn’t looking for the city’s next hot neighborhood when he purchased just over a half-acre near the edge of Biscayne Bay — 8 miles or so across the Intracoastal Waterway from Miami Beach — in early 2012. At the time, he…

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October 7, 2014

Related Development Hits the Ground with Four Groundbreakings in One Month

Metro Citizen – Related Development, LLC is capitalizing on renewed rental demand, following historic lows in multi-family development. Four new rental properties totaling 1,129 units, from Miami-Dade to Palm Beach counties, break ground this month. Steve Patterson, President of Related Development, says low single-family home ownership rates, which declined to 64.8%, according to US census data (the lowest level since…

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September 25, 2014

Elle Decor 25th Anniversary and Book Launch at Park Grove

Miami Agent Magazine by James Mcclister The Related Group and Terra Group hosted Elle Décor’s latest book launch at their luxurious joint project, Park Grove, the last of the residential towers planned for Coconut Grove. The book, titled ‘The Height of Style,’ follows the magazine’s 25th anniversary and features over 220 of the world’s chicest…

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July 11, 2014

Hyde Midtown Debuts Sales Center

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Metro Citizen. The Related Group and Dezer Development along with Ocean Drive Magazine celebrated the magazine’s exclusive May/June cover art with the iconic artist, Peter Max at the newly completed Hyde Midtown Suites and Condos sales center on Friday, June 27th. The original artwork  designed by Max depicts his unique perspective of South Beach’s iconic lifeguard stands, palm trees, art deco…

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July 6, 2014

Miami’s condo boom redux

The Miami Herald – By Martha Brannigan The grand opening of the pre-construction sales center for the SLS Lux Brickell condominium drew hundreds of real estate agents on a sultry June evening. With the imposing bronze sculpture Male Torso by Fernando Botero looming above, Related Group chairman and CEO Jorge Pérez made the rounds as…