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This week, the stock market officially turned bear for the first time since March 2020, raising once again the possibility of a brewing recession. By Ashley Fahey – Editor, The National Observer: Real Estate Edition

PMG Plans Massive Resi Complex in Miami’s Brickell After $58M Land Buy BY JULIA ECHIKSON Property Market Groups (PMG) and Sentral are moving forward with their massive residential project in Miami’s Brickell district, after closing on a land acquisition.

Construction costs for multifamily housing rise by half In Miami-Dade County, land is very expensive and scarce along with naturally restricted boundaries, said Louis Archambault, partner for Saul Ewing. “Most of the larger tracts that would otherwise have been available if you go back a few decades...

PMG PARTNERS WITH PROP-TECH COMPANY SENTRAL TO DEVELOP DUAL-TOWER MULTIFAMILY IN BRICKELL Saul Ewing attorneys Luis Flores and Sophia Rub represented the venture in closing the acquisition of the property. “This transaction speaks to the strength of the PMG-Sentral partnership in acquiring prime...