related group

Buyer revealed: Related exec drops $6M on Miami Beach home

6902 Flamingo Drive and Steve Patterson The president and CEO of the Related Group’s development division has a new Miami Beach home. Related’s Steve W. Patterson and his wife, Carly Patterson, paid $6.2 million for the waterfront spec estate at… Continue Reading →

Related, Rabina close on $105M loan for Fort Lauderdale tower

Icon Las Olas As the year comes to a close, Related Group is wrapping up financing on some of its projects, including a $105 million construction loan for the long-delayed Icon Las Olas tower. Broward County records show Related and… Continue Reading →

Related Group expands into Miami’s Wynwood

Carlos Rosso, Wynwood assemblage and Jorge Perez The Related Group purchased a development site in Wynwood, marking the Miami-based firm’s first purchase in the arts and entertainment neighborhood. A Related affiliate of PRH Investments paid $5.25 million for seven properties… Continue Reading →

Developers voice caution on Cuba

Cuba has a wealth of older buildings that could be renovated to lure tourists. From the October issue: When President Barack Obama declared almost a year ago his intention to restore diplomatic ties with the Cuban government, there was great excitement… Continue Reading →

Marea South Beach marks third new condo project completed South of Fifth

Rendering of Marea South Beach and Peter Zalewski A third new condo project in the high-end South-of-Fifth neighborhood of Miami Beach has been completed during this South Florida real estate cycle that began in 2011. To date, nine transactions in… Continue Reading →

Alex Rodriguez scores Edgewater penthouse

Rendering of GranParaiso in Edgewater New York Yankees star Alex Rodriguez has purchased a 3,200-square-foot penthouse at GranParaiso in Miami’s Edgewater neighborhood, the developer confirmed to The Real Deal. Alex Rodriguez The Related Group would not disclose a purchase price,… Continue Reading →

Michael Schwartz to open restaurant at Park Grove

Renderings of Park Grove and Michael Schwartz Miami restauranteur and chef Michael Schwartz is adding a second Coconut Grove eatery to his portfolio of restaurants in South Florida, developers of Park Grove announced on Tuesday.  Schwartz will open a 3,500-square-foot… Continue Reading →

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