May 2016 • HawkinsCRE

Miami Commercial Real Estate News May 31, 2016: Michy’s Building Sells; Asian Investors Partner on Project; More

May 31, 2016 - Top Stories - 0 Comments - Standard

Michy’s building in MiMo to be purchased for $6M A partnership between Michael Comras and Forte Capital Management’s Chaim Cahane paid $6.125 million for a retail building in Miami’s MiMo district, The Real Deal has learned.  The property is occupied by Michelle Bernstein’s Cena by Michy, as… ASRR brings in Chinese, Hong Kong investors to partner on […]

Miami Commercial Property News May 26, 2016: Sumitomo Buys Miami Tower; Illegal Airbnb Revenue Considerable; More…

May 26, 2016 - Top Stories - 0 Comments - Standard

Sumitomo Corp. Acquires Miami Tower LaSalle Investment Management more than doubled its investment on the Miami Tower office building at 100 SE 2nd St. in Miami, FL, in six years, selling it to Sumitomo Corporation of America last week for $220 million, or about $348 per square foot.  The seller acquired the asset in December […]

An Interactive Map of Newer Construction in Miami-Dade by Commercial Property Type

May 23, 2016 - Analysis - 0 Comments - Standard

Above is an interactive map of properties Costar shows as built since the beginning of 2011 as of April 23, 2016.  This is displayed by type for multifamily properties with 50 or more units, industrial properties with 20,000 or more square feet, and for retail and office properties with 10,000 or more square feet. Click […]

Commercial Property in Zip Code 33172: Year’s Top Buyers, Sellers, Ten Year Sales Volume

May 20, 2016 - Analysis - 0 Comments - Standard

For commercial property of all types in Miami’s zip code 33172 the top buyers in the past year as listed by Costar on April 28, 2016, were: Cargo Ventures; Colony Capital LLC; Clarion Partners; Pantheon Properties; Reyes Holdings, LLC; Terreno Realty Corporation; Seagis Property Group LP; Gold Coast Beverage Distributors, Inc.; Ikea US Inc.; Keystone […]

Miami Commercial Property News May 19, 2016: Miami Rents Likely to Tumble; Building Sells for $68 Million; More…

May 19, 2016 - Top Stories - 0 Comments - Standard

Report: Miami Rents ‘Likely to Tumble’ as Inflection Point Nears The latest on Miami’s pre-construction condo market In a recent in-depth report of the Miami pre-construction condo market, Andrew Stearns of Stat Funding sees an inflection point approaching if market trends continue as inventory soars, projecting a 540-percent increase in resale condo supply… Litigator Posts […]

Miami Commercial Real Estate News May 17, 2016: Site may add Riverwalk; Workforce Housing to Wynwood; More…

May 17, 2016 - Top Stories - 0 Comments - Standard

High-profile site may add riverwalk A high-profile site near the mouth of the Miami River downtown may finally be opened to the public as part of an extended riverwalk.  The additional riverwalk would be temporary, for perhaps one year, while the property’s new owner lines up permits and other approvals needed to build a luxury… […]

Miami Commercial Real Estate News May 10, 2016

May 10, 2016 - Top Stories - 0 Comments - Standard

New York investors buy Aventura Corporate Center for $105M The Aventura Corporate Center has sold to a New York-based group of investors for $105.28 million, or $417 per square foot.  ACC/GP Development LLC and ACC/GP Investment LLC sold the property, which includes three Class A office buildings and three parking garages on… Build it big […]

Commercial Property in Zip Code 33143: Year’s Top Buyers, Sellers, Ten Year Sales Volume

May 09, 2016 - Analysis - 0 Comments - Standard

For commercial property of all types in Miami’s zip code 33143 the top buyers in the past year as listed by Costar on April 26, 2016, were: Starwood Capital Group; The Comras Company of Florida, Inc.; Grass River Property LLC; Federal Realty Investment Trust; AMLI Residential Properties, LP; USAA Real Estate Company; Ofek International Real […]

Miami Commercial Real Estate News May 5, 2016: Sagamore Hotel Sells; Brickell City Tower Refinanced; More…

May 05, 2016 - Top Stories - 0 Comments - Standard

Joint Venture Secures $60M Refinancing for Brickell City Tower A joint venture that includes Crock Partners, LLC, Independencia Asset Management and Banyan Street Capital secured a $60.8 million refinancing for its Brickell City Tower office building at 80 SW 8th Street in Miami. Square Mile Capital Management LLC originated the entire loan for the office […]

Miami Commercial Real Estate News May 3, 2016: Biz Park Near Miami Airport Sells; Foreign Capital Driving CRE Investment; More…

May 03, 2016 - Top Stories - 0 Comments - Standard

Business Park Near MIA Trades For $16.6 Million The deal includes four industrial buildings totaling roughly 178,521 square feet. CIASF Panelists: CRE Is Heating Up In Miami’s Urban Core Miami’s urban core markets generated $1.2 billion in retail property sales last year, according to a recent CIASF commercial real estate report. 25,230 SF Doral Industrial […]