American Landmark Apartments Acquires 214-Unit Savona Grand in Lake Worth

American Landmark Apartments has acquired Savona Grand, a 214-unit multifamily community at 7132 Colony Club Drive in Lake Worth, Palm Beach County. Built in 2003, Savona Grand consists of a mix of one-, two-, and three-bedroom apartments. Residential units are equipped with washers and dryers, dishwashers, walk-in closets, and private patios or balconies. Community amenities include a resort-style swimming pool with sundeck, a fitness center, clubhouse, basketball and tennis courts, a pickleball court, dog park, and gated access.

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Construction Permits Filed For Two-Tower Biscayne 18 Development In Edgewater, Miami

Biscayne 18 is advancing toward construction at 1825 Biscayne Boulevard in Miami’s Edgewater neighborhood as Melo Group has filed a series of construction permit applications with the City of Miami alongside new Federal Aviation Administration filings. Designed by G3AEC, the two-tower mixed-use development received approval from the Urban Development Review Board in June 2025 and is planned to rise 45 stories, or approximately 465 feet, on a more than one-acre assemblage assembled by the developer in 2019.

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UNO South Pointe Changes Hands In South of Fifth Following Acquisition By Pebb Capital-Led Partnership

A joint venture between Pebb Capital, Sabal Investment Holdings, and affiliates of Paceline Equity Partners has acquired UNO South Pointe, a 51,000-square-foot mixed-use office and retail property at 119 Washington Avenue in Miami Beach’s South of Fifth neighborhood. ACORE Capital provided financing for the acquisition. Originally completed in 2002 and renovated in 2025, the property is one of the few Super-Class A office buildings in the neighborhood.

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