Search Results for: Related Group

Miami Commercial Real Estate News November 17, 2021: Miami Group to Buy Trump DC Hotel for $375M; Miami Gardens Retail Pair Trade for $47M; More…

Nov 17, 2021 - Top Stories - 0 Comments - Standard

Miami Market Update: Investor Interest Drives Pipeline Growth As of September, Miami’s office development pipeline reached 2.9 million square feet, up 6.9 percent month-over-month, according to CommercialEdge data. The under-construction supply represented 4.3 percent of the metro’s total stock, significantly exceeding the the national average of 2.4 percent. The national under construction pipeline has… Construction on […]

View of downtown Miami from Key Biscayne Bridge

Miami Commercial Real Estate News June 5, 2019: Plaza Coral Gables Nabs $100 Mil Loan; Beckham Group Submits Lease Draft for Melreese; Miami Cited as Emerging Tech Center; More…

Jun 05, 2019 - Top Stories - 0 Comments - Standard

Beckham group submits draft lease deal for Miami Freedom Park complex David Beckham and his partners moved forward with their plans to redevelop the Melreese Country Club property in Miami into a $1 billion mega mixed-use soccer complex. Miami Freedom Park submitted a draft lease agreement to the city of Miami that outlines the terms of […]

Miami Commercial Real Estate News May 22, 2019: Virgin Train to Orlando Construction Underway; David Beckham Group to Close on Overtown Site; More…

May 22, 2019 - Top Stories - 0 Comments - Standard

Virgin Trains USA starts building rail line to Orlando Virgin Trains USA announced Tuesday that construction of its highly anticipated expansion from Palm Beach County to Orlando is underway, beginning with preliminary groundwork for a 70-acre maintenance facility and 3.5-mile rail section at Orlando International Airport. The “Phase 2” expansion, which the company formerly known as […]

Miami Commercial Real Estate News January 2, 2019: Related Sells SLS Brickell Hotel; 1,042 Unit Downtown Rental Plans Filed; More…

Jan 02, 2019 - Top Stories - 0 Comments - Standard

Related Group sells SLS Brickell hotel for $43 million The Related Group sold the hotel component of SLS Brickell for $43 million, property records show. PRH 1300 Hotel LLC and PRH 1300 Shared LLC sold the 124-key hotel at 1300 South Miami Avenue to Brickell Miami LLC, a Delaware company managed by Francois Faber of Fiduciaire […]

Miami Commercial Real Estate News November 1, 2017: Related Withdraws Olympia Theater Proposal; Aetna Buys Former Barney’s Building; More…

Nov 01, 2017 - Top Stories - 0 Comments - Standard

Related withdraws proposed theater renovation and redevelopment A unit of Miami-based Related Group withdrew an unsolicited proposal to renovate the historic Olympia Theater in downtown Miami at 174 East Flagler Street and convert 80 apartments above the theater to affordable housing units. Related Urban Development Group proposed the theater renovation and the residential project in a […]

Miami-Dade Commercial Realty Related News June 1, 2017: Church of Scientology Sells Gables Location; Miami Ditches Island Gardens Developer; More…

Jun 01, 2017 - Top Stories - 0 Comments - Standard

Church of Scientology “disconnects” with its Coral Gables location for $6 million After about three years on the market, the Church of Scientology has cut ties with its 120 Giralda Avenue Coral Gables location of more than 40 years and sold the building for $5.8 million, or nearly $360 per square foot. The buyer is 120 […]

Miami Commercial Property Related News April 13, 2017: Allapattah Assemblage Trades; Transit Development Talk; More…

Apr 13, 2017 - Top Stories - 0 Comments - Standard

Allapattah assemblage sells for $3.1 million An assemblage of four parcels just sold for $3.1 million in Allapattah, as investors continue to target the gritty Miami neighborhood west of Wynwood for redevelopment. The properties include 2140 Northwest 36th Street (aerial), 2135 Northwest 35th Street, 2141 Northwest 35th Street and 2145 Northwest 35th Street. Records show the sites span […]

Miami Commercial Property News February 3, 2017: Stories Related to Industrial, Multifamily, Office, and Retail Properties

Feb 03, 2017 - Top Stories - 0 Comments - Standard

PriceSmart Pays $46M For Flagler Station Development Site Records show Section 31 Holdings LLC, an affiliate of Florida East Coast Industries subsidiary Flagler Global Logistics, sold 18.6 acres at 11255 Northwest 106th Street. PriceSmart financed the deal with a $35.7 million loan from Union Bank. Flagler Global Logistics is the developer behind Flagler Station, the three-phase […]

Miami Commercial Property Related News December 29, 2016: South Florida’s Biggest Hotel Trades; More…

Dec 29, 2016 - Top Stories - 0 Comments - Standard

South Florida’s biggest hotel trades of 2016 From South Beach to Fort Lauderdale, hotel properties were hot tickets in South Florida’s commercial real estate market this year, often fetching top dollar from investors looking to grow their foothold in the region. Even with news of a possible oversupply in some cities and the Zika virus hurting… […]

Miami Commercial Property Related News December 15, 2016: Focus on Downtown Development Intensifies; Alleged Mexican Fraudster’s Properties May Be Seized; More…

Dec 15, 2016 - Top Stories - 0 Comments - Standard

Focus on developing downtown Miami intensifies: ULI event Downtown Miami, traffic-clogged by day and deserted at night, could soon be transformed into a pedestrian-friendly urban dining and entertainment hub, say planners, brokers and local business owners. Sandwiched between Northeast Sixth Street to the north, Biscayne Bay to the east, and the Miami River to the south […]

Miami Commercial Property Related News November 17, 2016: Brickell Condo Development Might Slow; $60 Million Jungle Island Deal Going Before Commission; More…

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

$60 million Jungle Island deal to go before Miami commission Jungle Island’s proposed redevelopment could move a step forward on Thursday. The Miami City Commission will consider approving a lease transfer to an Aventura-based real estate firm in a deal valued at $60 million. Jungle Island (property info) owner Bern Levine plans to sell the theme […]

Miami Commercial Property Related News November 3, 2016: PortMiami Awarded Grant; Brickell CityCentre Shops Opening; More…

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

PortMiami Awarded $33M In Improvement Grants The State of Florida has awarded PortMiami $33 million in grants to be used for port improvements in the next five years. Such improvements are deemed necessary as the effects of the Panama Canal expansion start being felt with the arrivals of ever larger ships. PortMiami is the US […]

Miami Commercial Real Estate Related News April 22, 2015

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

Berger Singerman Steers $37.7M Auction Bid for Plantation’s Fashion Mall Berger Singerman’s James Berger, Shahram Siddiqui, Barry Lapides, Paul Singerman, Brian Gart and Isaac Marcushamer represented Encore Housing Opportunity Fund in the bankruptcy acution purchase of the Fashion Mall. Miami River Inn sells for $8.6 million The Vagabond Group, a company led by developer Avra […]

News Related to Miami Area Commercial Property April 16, 2015

Apr 16, 2015 - Top Stories - 0 Comments - Standard

The American “Wet” Dream Mall Miami Project. What do CEO’s in Miami Think? What do Miami Dade County CEO’s think of the new American Wet Dream Mall proposed for the Miami Dade County/Broward line? A portion of our public land was just approved in the State Legislature to be given to that zany Persian-Canadian family […]