Steve Ross, the billionaire developer shunning retirement to continue working in South Florida, is on a refinancing roll. His company, Related Ross, scored a $150 million loan for its Hilton Convention Center hotel in downtown West Palm Beach. New York-based BDT & MSD Partners provided the loan, which refinanced an existing $105 million debt and bumped it up by $45 million, according to records. The 12-story Hilton West Palm Beach was designed by Nichols Architects with 400 keys, and 30,500…

Miami was once again the strongest rental market in the nation in 2024, even though it cooled from last year, according to RentCafe’s Year-End Report. It is the third year in a row that Miami has held the title. During the year, Miami saw a 4.12% increase in new rental units added to its inventory (0.41% more than in 2023). 72% of Miami renters renewed their leases, up 0.8% from the previous year. Each vacant rental in Miami attracted 18 prospective…

Stories From Hilton – December 5, 2024 Hilton’s luxury brands experienced a record-breaking year of growth with more than 500 properties now open in highly coveted destinations offering once-in-a-lifetime guest experiences across Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, LXR Hotels & Resorts, NoMad Hotels, and Signia by Hilton, including a new exclusive partnership with Small Luxury Hotels of the World (SLH) and a growing portfolio of standalone Waldorf Astoria Residences. Sitting on a two-acre oceanfront site, Waldorf Astoria Residences Pompano Beach spans only 92 residential…

By Lisa J. Huriash, November 20, 2024 A new 24-story tower under the luxury W Hotels brand is coming to one of Pompano Beach’s most prominent beachside locations, a team of developers announced Wednesday. It’s one of the many new developments that will redefine the city’s skyline. It’ll be called the W Pompano Beach Hotel & Residences, at 200 N. Ocean Drive, at the northeast corner of Atlantic Boulevard and State Road A1A. “Obviously, Pompano is attracting a lot of…

October 29, 2024, by Chloe Gallivan British billionaire investors, the Reuben Brothers, have acquired the iconic W South Beach hotel for nearly a half-billion dollars. Nichols Architects served as the Lead Architects on the project, guiding its design to completion when it first opened in 2009. Other than the W South Beach, the Reuben Brothers have expanded their footprint in South Florida with notable acquisitions like the Chesterfield in Palm Beach. “We are excited to build on the extraordinary success that…