May 2015 • HawkinsCRE

Miami Commercial Property News May 29, 2015

May 29, 2015 - Top Stories - 0 Comments - Standard

Miami speeds ahead with plans for boat show The Miami City Commission on Thursday voted to authorize a 10-year contract with a local company that plans to erect custom tents and temporary structures for the Miami International Boat Show, which next year is moving to Marine Stadium, despite vehement opposition from Key Biscayne. Mayra Lindsay, […]

Miami Commercial Real Estate News May 28, 2015

May 28, 2015 - Top Stories - 0 Comments - Standard

Verzasca Group to Develop 19-Story Luxury Tower in North Miami Beach Verzasca Group will break ground next month on a proposed 19-story, 121,600-square-foot luxury residential tower at 17550 Collins Ave. in North Miami Beach, FL.  No stranger to the South Florida development scene, the buyer has two other projects in development in Bay Harbor Islands, […]

Video: The Soon to Be 10 Tallest Buildings in Miami

May 27, 2015 - Development - 0 Comments - Standard

I’m not so sure about the music choice in this (tip: mute), but it makes for a good highlight reel of the tallest buildings in the city, both existing and to be constructed. Properties mentioned in this video include: Plaza Brickell Tower; Marinablue; Miami Tower; Infinity at Brickell; Mint at Rivermont; Wells Fargo Center; 900 […]

Miami Commercial Property News May 27, 2015

May 27, 2015 - Top Stories - 0 Comments - Standard

Mount Sinai Planning To Build A New Eight Story Hospital Tower In Miami Beach Mount Sinai Medical Center wants to build a new eight-story tower on their Alton Road campus in Miami Beach (area demographics).  The project includes the renovation of part of the existing facilities, with the new tower above the renovated space. It […]

Miami Commercial Property News May 26, 2015

May 26, 2015 - Top Stories - 0 Comments - Standard

Foreclosure Roundup: 3 big South Florida commercial properties head to auction Headway Office Park in Lauderdale Lakes is headed to auction after its owner lost a $12.9 million foreclosure judgment.  Wells Fargo Bank, representing a commercial mortgage-backed securities (CMBS) trust, won the judgment against SRA/Sunrise Development over a $10.8 million mortgage, plus interest and fees. […]

MLS – Miami Association of Realtors Multiple Listing Service

May 22, 2015 - Educational - 0 Comments - Standard

A multiple listing service, typically referred to as simply “MLS,” is a set of services that enables real estate brokers to establish offers of compensation, i.e. to share commissions, among brokers.  It facilitates cooperation with other broker participants as it accumulates and disseminates information among members and to a lesser extent with the public.  It […]

FBF 1977: The time it snowed in Miami

May 22, 2015 - History - 0 Comments - Standard

On January 18, 1977, the pressure gradient between a ridge over the Mississippi Valley and a Nor’easter over Atlantic Canada sent extremely cold temperatures south into the state of Florida.  By early morning before sunrise on January 19, West Palm Beach had reported snow for the first time on record, and snow flurries had fallen […]

Miami Commercial Real Estate News May 22, 2015

May 22, 2015 - Top Stories - 0 Comments - Standard

Development Du-Jour: City of Doral Gets its Very Own Little ‘Midtown’ Move over Midtown Miami, Doral is getting a ‘Midtown’ development of its own. As of September 2014, Phase One for Midtown Doral was about 70% sold and they are moving quickly to complete four of this phase’s 8-story residential buildings, consisting of 509 residential […]

Video: Panama Canal Expansion Program Update

May 21, 2015 - Development - 0 Comments - Standard

Given that the Panama Canal expansion is bound to have a massive effect on the Miami economy and thus its commercial real estate, we thought we would share this fairly recent video update of its progress. More resources related to the Panama Canal expansion and its effect on Miami’s economy and commercial property: Video: $5.25 […]

Miami Commercial Property News May 21, 2015

May 21, 2015 - Top Stories - 0 Comments - Standard

WSJ: LeFrak and Soffer Property Dynasties Team Up to Fund Miami Project Developers are digging deep into their own pockets to pull off megaprojects in South Florida.  In the latest example, two prominent families, the LeFraks of New York and the Soffers of South Florida, are teaming up on a $4 billion, 183-acre development on […]

Summarizing the Miami DDA Office Market Overview

May 20, 2015 - Analysis - 0 Comments - Standard

A recent study from the Miami Downtown Development Authority (DDA) about the recent trends in office markets in South Florida has shown a marked increase in business in the Miami-Dade County region. The study included in-depth research into the markets of Coral Gables, Miami-Airport, Boca Raton and the downtown region of Fort Lauderdale in addition to […]

Miami Commercial Real Estate News May 20, 2015

May 20, 2015 - Top Stories - 0 Comments - Standard

Pics of Marriott Marquis Miami Worldcenter Hotel to open fall 2018 MDM Group revealed the opening time-frame and a first look at Marriott Marquis Miami Worldcenter Hotel & Expo Center at a media event Tuesday.  The developer says the 1,800-room hotel will be delivered fall 2018 and generate more than $1 billion in local tax revenue […]