Category: Top Stories

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 […]

Miami Commercial Property News May 18, 2017: Rapid Transit Stops Identified; Miami a Top Buy for Retail; New Controversial Bridge Renderings; More…

May 18, 2017 - Top Stories - 0 Comments - Standard

Aldi-anchored shops in Miami Gardens listed for $32 million Westport, Connecticut-based Rand Real Estate Services listed Palmetto Plaza (aerial view), an Aldi-anchored shopping center in Miami Gardens, for $31.75 million, a nearly 48 percent increase from its last sale about four years ago. The 176,000-square-foot center, at 16301 Northwest 57th Avenue, is 93.3 percent occupied […]

Miami Commercial Real Estate News May 16, 2017: CRE Panel Gets Heated Discussing Donald Trump Effects; Apartment Planned Near Marlins Park; More…

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

Industrial Building In Medley Sells For $22 Million The recently completed Airport North Logistics Center in Medley was sold for $22.02 million, or $120 per square foot. Ridge Medley Partners, an affiliate of Transwestern Development Co.’s industrial development arm Ridge Development Co., sold the 184,008-square-foot industrial building at 9101 N.W. 87th Avenue. to CFFI Airport North […]

Miami Commercial Real Estate News May 9, 2017: Publix Buys West Miami Store; Yet Another New Office Building for Coconut Grove; More…

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

Publix buys West Miami store from Brandon Partners for $23M Publix just closed on the purchase of a new West Miami location for $23.2 million, according to data from Real Capital Analytics. Orlando-based Brandon Partners sold the three-story building at 1500 Southwest 57th Avenue to the Lakeland-based grocer, partner Steve Brandon confirmed. The deal, which […]

Miami Commercial Property News May 4, 2017: The Standard to Get a Facelift; One Thousand Museum to be in Documentary; More…

May 04, 2017 - Top Stories - 0 Comments - Standard

Knight Convention Center deal could upgrade downtown waterfront Redevelopment of the city-owned James L. Knight Convention Center and attached neighboring hotel at 400 SE Second Ave. could see a rebirth of a prime waterfront site in the heart of downtown Miami. That’s the feeling of city commissioners who voiced approval of administrative staff’s continuing negotiations for […]

Miami Commercial Real Estate News May 2, 2017: 1221 Brickell Sells; Developer’s Mysterious Backer Revealed; More…

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

Rockpoint Group acquires 1221 Brickell office building Rockpoint Group has acquired 1221 Brickell (aerial), a Miami office building. The seller was not identified. No financial terms were disclosed. Holliday Fenoglio Fowler LP represented the owner in the sale. Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of 1221 Brickell Avenue, a […]