Katherine Kallergis

Developer Fernando de Nuñez y Lugones knew the Elle Residences wasn't necessarily an easy sell when the project was revealed. For most, the development begs the question: how can a magazine brand translate to real estate?

The latest vendors seeking payment include the stadium seating maker, a roofing subcontractor and a fire sprinkler system company. Jorge and Jose Mas, David Beckham and partners own the Miami Freedom Park venture, as well as the Major League Soccer team Inter Miami, which plays at Nu Stadium . Los Angeles-based Ares Management has a preferred equity stake in Inter Miami. Soccer great Lionel Messi 's deal also included an ownership stake in the team.

Whittall, founder and CEO of Unicorp National Developments, terminated the contract for the 140-unit La Fontana at 2800 North Flagler Drive, on the eve of his deposit becoming non-refundable, according to sources. He sought an extension on the deal.

On Tuesday, Oct. 27, U.S. District Court Judge Valerie Caproni will determine how long Oren, Alon and Tal Alexander will spend in prison to answer for their crimes, after a jury found the brothers guilty on all 10 counts, including sex trafficking and other related charges in March.

Over the past week, we reported on the challenges facing developer Alirio Torrealba , who is at the center of more than a dozen lawsuits from lenders; the Magic City's sinking skyline; the oversaturated branded condo pipeline (at least 15,000 units underway); and the death of a nearly $200 million condo buyout deal in West Palm Beach.

Edgardo Defortuna's Fortune International Group and the Grosskopf family's Château Group secured a $463 million loan package for the St. Regis Residences, Sunny Isles Beach, marking one of the largest loans to close in the beachfront city.

U.S. Judge Valerie Caproni heard 12 victim impact statements, including one read aloud by Assistant U.S. Attorney Elizabeth Espinosa. The women spoke about the trauma they endured and the subsequent years of pain and suffering they carry with them, as Caproni considers how much time in prison she will sentence the brothers to, following their federal sex trafficking convictions in March. They are facing anywhere from 15 years to life in prison.

Tyko Capital is providing the financing, according to a news release. The project has been in the works for more than a decade. In 2022, Karmely brought on Defortuna's firm as a joint venture partner and launched the Faena-branded project in 2024.

Mast, the Coconut Grove-based development firm led by Camilo Miguel Jr., and Isaac and Liat Toledano's Aventura-based BH Group revealed plans for Raffles Residences Coconut Grove, a 35-unit luxury condo building that will be branded by Raffles Hotels & Resorts. It will mark the first standalone Raffles residential project, according to a news release.

After hearing victim impact statements from 12 women, remarks from prosecutors, the defense attorneys, and finally, the brothers themselves, Caproni read her statement aloud before announcing the brothers would be sentenced to 30 years in prison each. In her comments, she revealed her observations about Oren, Alon and Tal, their crimes and the havoc they wreaked on their victims.