Vast Mediterranean Village moving ahead Mediterranean Village at Ponce Circle is proceeding on schedule, say its developers, who plan to submit construction drawings currently being prepared to the City of Coral Gables by year’s end. At the same time, engineers are devising proposed construction techniques for excavating and sealing the two-story underground garage that will […]
In the seven days to August 18, 2015, MLS counts 22 new listings for commercial/business/agricultural land, up more than 50% from the level the week ending August 10th which had 14 new listings of this type. Worth of note among the new listings is a 7,500 sf lot in the CBD on 9th street with an asking price just over […]
International Money Is Stretching Out the Recovery Cycle Remember the phrase “follow the money”—meaning that understanding a complex deal requires examines where funds are heading? Today, an appreciation of our elongated recovery might actually mean looking in the opposite direction, at the burgeoning source of real estate investment capital. 35 new foreign trade zone hubs […]
Commercial/business/agricultural/industrial land Miami-Dade County MLS listings surged nearly 40% from the prior month to a level around the average for the prior year or so. Although somewhat short of recent highs, the 92 new listings were considerably improved from the prior month, which saw the lowest level since February 2013. Although at a somewhat of an […]
Owner plans to put a new hotel at Hialeah Park The owner of the Hialeah Park casino and horse racing track plans to build a hotel on the 220-acre property, starting next year. The president of Hialeah Park, John Brunetti Sr., said he has a longer-term plan to build a shopping mall there, too. Brunetti […]
In the seven days to August 10, 2015, MLS counts 96 new listings for improved commercial/industrial properties within Miami-Dade County, up from 81 new listings in the week ending August 10th. Noteworthy among the listings for the week are a portfolio of Coral Gables multifamily properties with an asking price of $14.9 million and a turnkey bed […]
FAA Approves Brickell Flatiron, Park West Tower, And Ritz Carlton Sunny Isles It’s Christmas in August for three Miami developers, after the FAA approved the heights of their projects. They include: Brickell Flatiron, approved for a height of 734 feet above ground. Marc Robert’s Park West tower at 50-60 NE 11th Street (part of Worldcenter), […]
Fitzgerald Group’s Jarkesy Brokers Sale Of Sheridan Street Office Building The 1977-built office asset, which totals 26,431 square feet, traded for $4,700,000. Miami’s Cocowalk Announces 5 New ‘Pop-Up’ Stores And Chase Bank Branch The deals close just 3 months after new ownership acquired the iconic retail property. Rumormongering: Third New Hotel Coming to Triangle at […]
The Dezervator, a feature of the Porsche Design Tower in Sunny Isles, is truly an amazing feat of engineering. Is it not amazing what $6.2 million (plus) will buy you today?
HCA proposes 100-bed hospital in Miami-Dade County HCA Holdings filed plans to build a 100-bed acute-care hospital in Miami-Dade County. East Florida – DMC, an affiliate of the hospital giant (NYSE: HCA), filed a letter of intent for the hospital with the Florida Agency for Health Care Administration on Aug. 3. The one-page letter doesn’t […]
In the seven days to August 10, 2015, MLS counts 14 new listings for commercial/business/agricultural land, down nearly half from the prior week ending August 3rd which had 29 new listings of this type. Notable among the new listings is a listing for a half acre on Washington Avenue on Miami Beach for $10.3 million. Other indicators during […]
AC Hotel developer scores $35M construction loan in Aventura The developer of the AC Hotel by Marriott in Aventura obtained a $35 million construction loan. Wells Fargo Bank awarded the mortgage to Norwich Aventura II, an affiliate of Sanibel-based Norwich Partners of Florida led by David Leatherwood. It acquired the 1.9-acre site at 20805 Biscayne […]
Adler Group buys Miami property approved for 449 apartments An affiliate of the Adler Group bought a downtown Miami property that was recently approved for 449 apartments. River Tower LLC, a Miami-based company managed by Brian S. Campbell, sold the 1.6-acre site at 230 S.W. 3rd Street for $14.25 million to Lancelot Miami River, an […]
In the seven days to August 10, 2015, MLS counts 81 new listings for improved commercial/industrial properties within Miami-Dade County, down a touch from 96 new listings in the week ending August 3rd. Notable among the listings is a multifamily property on Brickell Avenue for $8 million. Other indicators during this period that commercial real estate investors may […]
