LORE and Element Land $58M to Build Miami Condo
Why this matters
Land continues to behave as the highest-conviction long-duration bet in CRE. In supply-constrained luxury markets, replacement-cost-positive entitlements remain scarce; in growth-corridor exurbs, sponsors with patient capital are accumulating positions ahead of the next residential or industrial pipeline. Miami continues to absorb foreign capital and high-net-worth domestic migration. Brickell and Edgewater multifamily cap rates have led the recent compression, and hospitality continues to clear at premium basis on the back of constrained supply. The trade is a basis call, not an income call, and continues to attract family-office and high-net-worth capital that can hold through the cycle.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 15th Miami story tracked on the wire in September 2026. All Miami coverage →
- Disclosed land deal value tracked in September 2026: $468.5M across 4 reported transactions. All Land coverage →
Computed from Real Estate Trail’s own tracked coverage
Lore Development Group and Element Development have nabbed a $58 million construction loan for a boutique condo project in Miami’s coveted Coconut Grove neighborhood. SME Capital provided the 30-month senior financing…
External link. Real Estate Trail does not republish source content.
Related coverage — Miami · Land
REVOLVE Opens New Store at Aventura Mall, Expanding Its Physical Retail Presence
The Greater Miami location marks the brand's third permanent store, bringing the REVOLVE experience to one of the country's most premier retail destinations. MIAMI, Oct. 23, 2026 /PRNewswire/ -- REVOLVE, the next-gene…
Jordan Kornberg of Mast Capital: 5 Questions
As Mast Capital finishes the 80-story Cipriani Residences in Miami’s Brickell district, the company has turned its attention to West Palm Beach, Fla., where it’s marketing the 26-story Banyan Tree Residences. Prices s…
Genting Lands $500M to Refi Mixed-Use Omni Center in Miami
Genting Americas scored a $500 million loan to refinance the mixed-use Omni Center near Downtown Miami, three years after failing to sell the 15-acre site next door for $1.2 billion. The 1.5 million-square-foot Omni C…
The Real Deal Miami Forum to Address South Florida's Shifting Real Estate Landscape Amid Wealth Influx and Housing Affordability Pressures
Miami-Dade Mayor Daniella Levine Cava, David Martin, Judy Zeder, Florida State Senator Mack Bernard among featured speakers at upcoming summit on South Florida's market evolution following Ken Griffin's historic $1.1B…
Infinity Collective Tweaks Plans for Miami Beach Project at Former Shvo Site
Infinity Collective has tweaked its plans for a mixed-use development in Miami Beach, where the Epicure Gourmet Market once stood, after buying the site out of foreclosure from Michael Shvo . The new plans shave off 3…
BGO, Banner Acquire 160K-SF Opa-Locka Cold Storage Facility
BGO and Banner Property Group acquired 12345 NW 38th Avenue in Opa-Locka, Florida, an existing, approximately 160,000-square-foot cold storage facility within the North Miami submarket. Realterm Logistics was the sell…