MIAMI, FL (February 12, 2025) – Lee & Associates South Florida Principal Todd Cohen successfully represented the seller, H Atreides LLC, in the $1.85 million sale of a prime mixed-use office and multifamily property at 2464 Coral Way, Miami, FL 33145 to buyer 2464 Coral Way LLC. Despite prevailing market challenges, this sale represents nearly $470 per square foot exceeding market trends and expectations. Cohen effectively positioned the property to attract the most strategic buyer,…
Lee & Associates South Florida Brokers Multifamily Development Site Transaction in Miami
MIAMI, FL (OCTOBER 14, 2024) – Lee & Associates South Florida Principal Todd Cohen completed the $6 million sale of a shovel-ready multifamily development site near the Golden Glades Interchange in Miami-Dade County. The buyer plans to develop a 100-unit building on the 4.04-acre property at 190 NW 162nd St. Water Park Villas, LLC, an existing client of Lee & Associates South Florida, sold the site to Murat Capital Partners, LLC. Entitlements and site plan…
A good sign for renters? Competition may not be as fierce as before in South Florida
‘A good sign for renters? Competition may not be as fierce as before in South Florida’ By ABIGAIL HASEBROOCK – Sun Sentinel April 25, 2024 While home prices continue to soar, the rental market may be cooling down in South Florida, providing renters much-needed relief. The Miami-metropolitan area, which includes Miami-Dade, Broward and Palm Beach counties, saw the most significant decrease in the median cost of rent from the first part of 2023 to the…
Apartment Vacancies Up, Rents Stabilize in South Florida
Apartment Vacancies Up, Rents Stabilize in South Florida By Erik Bojnansky – South Florida Business Journal January 30, 2024 The multifamily apartment vacancy rate in South Florida’s tri-county area ticked upward as developers build, and finish, more apartments, a recent market report stated. According to a Q4 2023 multifamily market overview by Lee & Associates Commercial Real Estate Services, the multifamily vacancy for Miami-Dade, Broward, and Palm Beach counties was 5.6%. In comparison,…
Signs of Slowing: South Florida Apartment Rent Growth Cools in Q3 Amid Construction Boom
“Signs of slowing”: South Florida apartment rent growth cools in third quarter amid construction boomInvestment sales so far this year hit a low last seen in 2014, a report shows Investment sales so far this year hit a low last seen in 2014, a report shows By Lidia Dinkova – The Real Deal November 2, 2023 South Florida’s apartment rent growth slowed in the third quarter, amid a construction boom that led to higher vacancies, a…
Lee & Associates South Florida Adds Todd Cohen as Principal
MIAMI, Florida—May 3, 2023 — Lee & Associates South Florida continues to expand its market-leading team of talented commercial real estate brokers, with industry veteran Todd Cohen joining the firm as Principal. Cohen will maintain his established TCC Advisors brand and integrate it into Lee & Associates South Florida. Cohen will split time between the firm’s Miami and Deerfield Beach offices and focus on investment sales throughout Florida and nationally. He has more than 25…