Miami

The firm sold the 230-unit Port St. Lucie community to Covenant Capital Group, after implementing $3 million in property renovations.

After a year of moratoriums on many residential evictions, South Florida landlord-tenant attorneys look to commercial real estate for business.

Orion Real Estate Group and Limestone Asset Management have purchased the 94,175-square-foot retail and office property, located on a 225,255-square-foot site in Pinecrest, FL.

"We believe in downtown," said Carlos Melo, a principal in the Melo Group. "For us, it is not only the units. It is to bring something more to our communities where people can start enjoying where they live. It is the people who are the soul of the neighborhood."

James Chung launches the Econic Co., the latest in a string of bespoke brokerage firms to launch since the start of the pandemic.

Shorenstein Properties is the seller of the 330,000-square foot property.

The industrial property comprises two recently-built buildings, which are 100% pre-leased to five tenants.

The firm was originally set to acquire the $50.8M apartment community one year ago, prior to the nationwide lockdown.