Category: Top Stories

Miami Commercial Real Estate News March 21, 2017: Merrick Manor Rising; Deloitte on Economy; More…

Mar 21, 2017 - Top Stories - 0 Comments - Standard

Development by design: Will Miami’s Design District live up to its promise as the city’s premier shopping destination? The once-gritty Miami Design District is nearing the final stages of its transformation into a luxury shopping destination and cultural hub, filled with designer shops, restaurants, museums, hotels, home furnishings and art collections. Designer boutiques like Louis Vuitton, Hermès, […]

Miami Commercial Property News March 17, 2017: Airbnb Scrutiny; Beckham Under Pressure; Little Havana’s Future; More…

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

Miami Commercial Real Estate Panel: Hotels seek level playing field with Airbnb A panel of commercial real estate developers on Tuesday touched on Airbnb, Zika virus hysteria and financing challenges builders in the commercial sector are currently facing. Diego Lowenstein, CEO of Lionstone Development, addressed the escalating conflict Airbnb is facing in Miami-Dade County. “We want […]

Miami Commercial Real Estate News March 14, 2017: MDM Closes on Former Arena Site; Staples & Radio Shack Store Closures; More…

Mar 14, 2017 - Top Stories - 0 Comments - Standard

MDM Closes On Purchase Of Miami Arena Site, Convention Center Hotel Coming MDM’s 53- story convention center hotel is one step closer. MDM closed on the purchase of the former Miami Arena site (birseye aerial view) late Friday for $45 million. The developer has issued a press release confirming the purchase. The deed is said to be […]

Miami Commercial Property News March 9, 2017: 1428 Brickell Sells; Paramount Miami Worldcenter clinches $285 million construction loan; More…

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

Paramount Miami Worldcenter clinches $285M construction loan Developer Dan Kodsi closed on a massive $285 million construction loan for Paramount Miami Worldcenter, marking the second biggest condo construction loan to close in Miami-Dade over the past two years. Inbursa Bank provided $170 million and BC Immigration Fund provided $115 million in financing for Paramount, a […]

Miami Commercial Real Estate News March 7, 2017: Allapattah Emerging; Warehouse Sells for $26 Million; Chinatown Plans for North Miami; More

Mar 07, 2017 - Top Stories - 0 Comments - Standard

Conceptual plan for Chinatown in North Miami unveiled Chinatown in North Miami? In a neighborhood with a nearly 75 percent black population, much of it Haitian, the city wants to turn a 16-block area into a district that will rival such well-known Chinatowns as those in New York, San Francisco and Los Angeles. A conceptual plan for […]

Miami Commercial Property News March 2, 2017: Cocowalk to be Partially Razed for New Office Building; Convention Center Hotel Land Set to Close; More…

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

The new owners of CocoWalk have a plan, and it’s not all about shopping After nearly 30 years without any new office buildings in Coconut Grove, the area is now slated to get two new projects as part of the neighborhood’s revitalization. The team behind the redevelopment of CocoWalk, a dining and entertainment complex in the […]

Miami Commercial Real Estate News February 28, 2017: Miami Traffic 5th Worst in USA; Office, Retail, & Industrial Updates; More…

Feb 28, 2017 - Top Stories - 0 Comments - Standard

FinCEN Renews Cash-Only Real Estate Reporting Orders The Financial Crimes Enforcement Network (FinCEN) renewed the existing Geographic Targeting Orders (GTO) that were scheduled to expire today. The tracking orders temporarily require U.S. title insurance companies to identify the “natural persons” behind shell companies used to buy high-end residential… Video: Industrial Property Developer Larry Callahan Offers […]

Miami Commercial Property News February 23, 2017: Edgewater Developers Facing Foreclosure; Tibor Hollo Profiled; More…

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

Edgewater developers face foreclosure over unpaid $34M loan In one of the first major foreclosure initiations during the cooling real estate market, a lender is suing the developers of an Edgewater hotel project for not paying a $34 million loan. On Jan. 18, BDB Realty LLC filed the foreclosure lawsuit against Rebuild Miami-Edgewater LLC in Miami-Dade […]

Miami Commercial Real Estate News February 21, 2017: Metromover to Miami Beach Planned; Perez Trump Relationship Strained; More…

Feb 21, 2017 - Top Stories - 0 Comments - Standard

Miami-Dade plans metromover route to Miami Beach within potential $3.6B transit plan Miami-Dade has mapped out the six corridors of its Strategic Miami Area Rapid Transit (SMART) plan, per Miami Today, with a potential cost of up to $3.6 billion. While the funding sources haven’t been sorted out yet, among the plan’s highlights is an elevated […]

Miami Commercial Real Estate News February 14, 2017: Multiple Developments in Coconut Grove; More…

Feb 14, 2017 - Top Stories - 0 Comments - Standard

As Coconut Grove surges, developer plans first new office building in decades As Coconut Grove surges with new condos, restaurants and shops, developer David Martin is planning what he sees as the missing link in the Grove’s revitalization: its first new office building since 1989. The project will adapt an existing city of Miami parking garage […]

Miami Commercial Real Estate News February 7, 2017

Feb 07, 2017 - Top Stories - 0 Comments - Standard

Developer of American Dream Miami mega-mall struggles to finish one in NJ The developer of the massive American Dream Miami shopping mall missed a target date to raise construction financing to finish building another mall development in New Jersey. Developer Don Ghermezian expected in December to raise $2.7 billion to finish construction of the half-built American […]

Miami Commercial Real Estate News January 31, 2017: Mega Mall Gets First Approval from County; Considering the Trump Effect; More…

Jan 31, 2017 - Top Stories - 0 Comments - Standard

Miami-Dade commission grants first approval for American Dream Miami project If the first public hearing for American Dream Miami is an indicator of what’s to come, the developer of the largest proposed mall and theme park project in North America is in for a long battle. After slogging through nearly seven hours of testimony from representatives […]

Miami Commercial Property News January 26, 2017

Jan 26, 2017 - Top Stories - 0 Comments - Standard

Video: David Kessler Discusses the Trump Effect on Commercial Real Estate & the Economy David Kessler, CPA, Partner, and National Director for the Real Estate Industry Practice at CohnReznick,  an audit, accounting, tax, transactional planning, succession planning, business valuation and consulting services company with offices nationwide, discusses how Trump’s policies may affect… Coral Gables to […]

Miami Commercial Real Estate News January 24, 2017: Reis Economist discusses Trump Effect on Commercial Real Estate; More…

Jan 24, 2017 - Top Stories - 0 Comments - Standard

Jason Halpern’s JMH Development sells Indian Creek Drive property for $7.75M Jason Halpern’s JMH Development just sold its Indian Creek Drive property for $7.75 million, ending its plans to build a condo project on the Miami Beach site. Records show 2901 JMH LLC sold two parcels, at 2901 Indian Creek Drive and 2922 Indian Creek Drive […]

Miami Commercial Property News January 19, 2017: Bay Harbor Dev Site Lists for $11 Million; Real Estate Market Outlooks, Updates and Surveys; More…

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

Waterfront Bay Harbor Islands development site hits the market for $11M A development site with plans for a boutique luxury residential project on the water in Bay Harbor Islands hit the market this week for about $10.85 million. Records show Sina LLC and 9740 W Bay Harbor Drive LLC own the 22,500-square-foot development site at 9740-9760 […]