December 2015 • Page 2 of 2 • Hawkins Commercial Realty

Miami Commercial Real Estate News December 12, 2015

Dec 15, 2015 - Top Stories - 0 Comments - Standard

Miami Tallest Tower Has Been Approved for Downtown The Miami skyline continues its transformation after a yet-to-be-built (or named) condo on the former Miami World Towers site will feature Miami’s tallest building on its resume.  Property Markets Group, the developers behind Echo Brickell, received… 5-Year Lease Deal Negotiated With Hospitality Group “This lease is the […]

Miami Commercial Property News December 10, 2015

Dec 10, 2015 - Top Stories - 0 Comments - Standard

New committee could shape Virginia Key The fate of Virginia Key could be shaped by a new advisory body proposed by Miami City Commissioner Francis Suarez.  The city commission is set to consider the first reading of an ordinance to create a Virginia Key Steering Committee during today’s (12/10) regular meeting.  The proposed advisory… Riverside […]

Commercial Real Estate News for the Week Ending December 8, 2015

Dec 08, 2015 - Top Stories - 0 Comments - Standard

Will Miami, Broward seaports converge? Two former rivals recently joined forces in an alliance to stave off competition from neighboring West Coast ports. The Ports of Seattle and Tacoma created the Northwest Seaport Alliance in August aiming to regain market share in what has become an increasingly competitive seaport industry. Port Everglades… New look for […]

Miami Downtown Development Authority Releases Summer Residential Market Research

Dec 08, 2015 - Analysis - 0 Comments - Standard

The Miami DDA has released it summer residential market research report.  Some key points include: Nearly 90 percent of the new residential units built duirng this cycle have been absorbed, which has fueled rising prices for condos as well as rental rate increases for apartments Pricing for existing condos is up nearly 7% Rental rates for conventional […]

Miami Commercial Real Estate News December 8, 2015

Dec 08, 2015 - Top Stories - 0 Comments - Standard

10 Acres In Miami Airport West Sells For $9.1 Million The property is one of the last ±10-acre assemblages of land in the Miami Airport submarket. Cushman & Wakefield Recruits Capital Markets Team from CBRE Cushman & Wakefield has added one of the largest capital markets teams in Florida. Led by Scott O’Donnell, executive director […]

Strength in Coconut Grove’s Limited Office Market

Dec 03, 2015 - Office Property - 0 Comments - Standard

As anyone looking for office space in Coconut Grove can attest, finding space is no small task, and when you do, beware, it is a lessor’s market.  Development in the area has been dominated by high-end luxury condos, perhaps keeping new office space from being developed.   Charts courtesy of CoStar.  

Miami Commercial Property News December 3, 2015

Dec 03, 2015 - Top Stories - 0 Comments - Standard

Will Miami, Broward seaports converge? Two former rivals recently joined forces in an alliance to stave off competition from neighboring West Coast ports. The Ports of Seattle and Tacoma created the Northwest Seaport Alliance in August aiming to regain market share in what has become an increasingly competitive seaport industry. Port Everglades… New look for […]

Pardon the Math: Investing in Condos vs. Multifamily Properties

Dec 03, 2015 - Analysis - 0 Comments - Standard

The returns than investors in individual condo units will settle for never cease to surprise me.  It makes some sense to settle for less return, somewhat less, as investing in a condo is easier and more hassle free.  Also, there is a “strength in numbers,” “standardization of value” aspect to it, with properties selling for more […]

Miami Commercial Real Estate News November 30, 2015: Commercial Land Increasing Double-Digits; Two Hotels to Sign at Mega Yacht Club; More…

Dec 01, 2015 - Top Stories - 0 Comments - Standard

Commercial land in double-digit rise Miami’s commercial real estate market has seen land values escalate 10% to 15% year-over-year. While prices are rising throughout the county, Miami’s evolving sections such as the Design District, downtown Miami and Wynwood are particularly thriving.  Wynwood has seen the most dramatic in… Beauty academy complex gets an ugly look […]