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South Florida Apartment Market Moves | Real Estate News
AvalonBay Communities just paid $22 million for a whole city block in South Miami—building 251 apartments at the highest per-unit price ever in that area, signaling massive confidence in the multifamily market. Meanwhile, Fort Lauderdale investor Adam Marcuvitz is quietly positioning: he bought two properties for $12.8 million, including a Flagler Village site he’ll keep leasing until market conditions improve, betting on a future rebound as new supply slows. He also snagged a smaller 18-unit site for $3.9 million, financing both deals with seller-carried mortgages—a savvy move in a tight…
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