Category: Top Stories

Miami Commercial Real Estate News August 16, 2016: Conrad Hotel Sells; Brickell City Centre’s New Italian Food Hall; More…

Aug 16, 2017 - Top Stories - 0 Comments - Standard

EI-American RE Sells The Conrad Miami Hotel on Brickell Mast Capital and Angelo Gordon & Co. acquired The Conrad Miami hotel at 1395 Brickell Avenue in Miami, FL for $72 million, or about $355,000 per room, from EI-American Real Estate, Inc. The 36-story, 203-room hotel was built in 2003 in the Brickell submarket. It totals 212,503 […]

Miami Commercial Real Estate News August 9, 2017: Opa-Locka Flea Market Sells for $80 Million; More…

Aug 09, 2017 - Top Stories - 0 Comments - Standard

Torburn Partners sells chunk of former Motorola office park for $57 million to Miami Based Midtown Capital Partners Northbrook, Illinois-based Torburn Partners just sold a portion of an office park in Plantation for $56.6 million to Miami-based Midtown Capital Partners, led by Alejandro Velez, property records show. The two buildings at 7600 and 7700 West Sunrise […]

Miami Commercial Real Estate News August 2, 2017: Miami Office Market Rebounds; Changes at Turnberry Isle; More…

Aug 02, 2017 - Top Stories - 0 Comments - Standard

Miami Office Market Makes Surprising Rebound The South Florida office market has rebounded this year, but developers hoping for long-term success in the sector should already be paying attention to the popularity of co-working space. Courtesy: WeWork The interior of a WeWork co-working space in Miami Colliers International South Florida Executive Managing Director Ken Krasnow […]

Miami Commercial Real Estate News July 19, 2017: Downtown FedEx Trades; Terra Going Spec on Grove Office Building; More…

Jul 19, 2017 - Top Stories - 0 Comments - Standard

Downtown Miami FedEx Facility Trades, Could Be Redeveloped A New York investor has invested in the last-mile facility for a major package delivery company in a property with future redevelopment potential. Lalezarian Properties purchased 200 South Miami Avenue, a six-story, 110K SF facility in Downtown Miami that acts as a last-mile warehouse and retail packaging […]

Miami Commercial Real Estate News July 5, 2017: Moishe Mana Nearly Done Assembling for Massive Development; More…

Jul 05, 2017 - Top Stories - 0 Comments - Standard

Miami board approves 393-apartment 2000 Biscayne Miami’s Urban Development Review Board gave a thumbs up to 2000 Biscayne, a 36-story apartment building developed by Verzasca Group. Comprised of 393 units ranging in size from studios to three-bedrooms, the 200,000-square-foot project still requires approval from the city’s Planning and Zoning Department. Dorsky + Yue International Architecture is the […]

Miami Commercial Real Estate News June 27, 2017: Turnberry Associates Gets $259 Million Construction Loan; SW 8th CVS Sells; More…

Jun 27, 2017 - Top Stories - 0 Comments - Standard

Turnberry Associates scores $259M construction loan for Turnberry Ocean Club Turnberry Associates just scored a $259 million construction loan for Turnberry Ocean Club Residences, the luxury condo tower rising in Sunny Isles Beach, The Real Deal has learned. At least seven months in the making, the loan from Bank of the Ozarks closed on Friday, a […]

Miami Commercial Property News June 23, 2017: Grove Bayfront Development to Being in July; New Multifamily Construction to Absorption; More…

Jun 23, 2017 - Top Stories - 0 Comments - Standard

New multifamily construction to test the South Florida market Demand remains robust for rental housing in Miami and the rest of South Florida, among residents and real estate investors alike. But despite the area’s population and employment growth, some market watchers say South Florida’s extended, postrecession rise in monthly rents could slow or stop if […]

Miami Commercial Real Estate News June 20, 2017: Dadeland Office Towers Sell; Considering Amazon’s Whole Foods Buy for Commercial Real Estate; More…

Jun 20, 2017 - Top Stories - 0 Comments - Standard

Keystone Property Group buys Dadeland office towers for $36M Keystone Property Group paid $36 million for Dadeland Towers South (birdseye) and inked a lease with the seller, insurance giant AvMed. For Keystone, the deal adds to its holdings in the Kendall-Dadeland area. The commercial real estate firm picked up the two-building, 228,000-square-foot portfolio at 9400 South […]

Miami Commercial Property News June 15, 2017: Milagro Coral Gables Sells for $78 Million; 1031 Exchange May Disappear; More…

Jun 15, 2017 - Top Stories - 0 Comments - Standard

Wafra buys Milagro Coral Gables apartments for $78 million An affiliate of the New York-based Wafra Group just picked up a luxury apartment complex in Coral Gables for $78.15 million, property records show. Delaware-based Rex Art Owner LLC, an entity managed by JP Morgan Investment Management Inc., sold the 238-unit building at 2263 Southwest 37th Avenue […]

Miami Commercial Real Estate News June 13, 2017: Two Chinatowns Proposed for Miami-Dade; Riverfront Development Deal Nears; More…

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

Where Miami might undo development to deal with sea-level rise Shorecrest might become the first neighborhood in Miami where efforts to deal with sea-level rise would include demolishing structures in areas prone to flooding and returning the land to nature. Scientists and government officials who participate in the Southeast Florida Regional Climate Change Compact have considered […]

Miami Commercial Property News June 8, 2017: Two-Tower Complex Planned for A&E District; Beckham Deal Approved; New Courthouse Renderings; More…

Jun 08, 2017 - Top Stories - 0 Comments - Standard

ASRR plans massive two-tower complex at Arts & Entertainment District site in Miami ASRR Capital and two Asian investors are planning a 1.7 million-square-foot residential, retail, and office complex at the Miami Arts & Entertainment District site they put under contract last year, according to documents filed with the Tel Aviv Stock Exchange. Plans for the […]

Miami Commercial Real Estate News June 6, 2017: Brickell Apartment Towers Breaks Ground; Trump Launching Budget Hotel Chain; More…

Jun 06, 2017 - Top Stories - 0 Comments - Standard

Miami Development News: 262-unit apartment tower breaks ground in Brickell Maizon Brickell is going vertical Maizon at Brickell broke ground recently at 1100 Southewest 2nd Avenue in the western edge of Brickell. Developed by Zom and Invesco Real Estate, the mixed-use project entails 262 apartment units, over 350 parking spaces, and 15,300 square feet of retail. […]

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 Real Estate News May 30, 2017: Micro Apartments May Be Coming to North Miami; Site Sells Near Merrick Park; More…

May 30, 2017 - Top Stories - 0 Comments - Standard

Micro apartments may be coming to North Miami North Miami may soon be joining other municipalities in South Florida that allow developers to build micro apartments. If approved by the city council in June, micro apartments could alter the character of the city, experts say. North Miami could go from a suburban, bedroom community to one […]

Miami Commercial Property News May 25, 2017: Bal Harbour Shops Founder Dies; Fed May Raise Rates Again; More…

May 25, 2017 - Top Stories - 0 Comments - Standard

Bal Harbour Shops founder Stanley Whitman dies at 98 Bal Harbour Shops’ founder Stanley Whitman, largely viewed as a visionary for creating a high-end retail center that has endured more than 50 years, passed away on Wednesday. Exactly a week earlier, his longtime plans to expand the center gained final village approval. He was 98 and died […]

Miami Commercial Real Estate News May 23, 2017: New Office Tower Coming to Downtown; Property Near Beckham’s Listed; More…

May 23, 2017 - Top Stories - 0 Comments - Standard

Downtown Miami is getting its first new office tower in six years Another piece in the ambitious Miami Worldcenter project has clicked into place. Hines, the privately-owned real-estate investment firm with a presence in 189 cities in 20 countries, will build a 45-story tower with 600,000 square feet of Class A office space at 110 NE […]