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H Group is expanding its South Florida portfolio with the acquisition of Wake Biscayne Bay, a 329-unit multifamily project in North Bay Village. The Aventura-based firm, led by Liat and Isaac Toledano, has entered into a contract to purchase the property for over $80 million from a joint venture involving Mast Capital, Angelo, Gordon & Co., and InterWest Capital. The deal is expected to close in the first quarter of next year.

    BH Group is one of South Florida's most active development and investment firms, with several high-profile projects underway. In Plantation, the firm is partnering with Related Group on a mixed-use project featuring 512 apartments and townhomes, as well as retail space and parking. The partnership acquired the site for $13 million last year.

    North Bay Village is experiencing a surge in new development, with multiple projects in various stages of planning or construction. MG Developer and Prosper are planning a 340-foot condo tower at 1725 79th Street Causeway, while Sunbeam Properties has completed a bulk purchase of Treasure Island Cove for $8 million. Continuum Company also acquired the Best Western hotel at 1819 79th Street Causeway in June, with plans to redevelop it into a hotel and Continuum-branded condo.