Category: Top Stories

Miami Commercial Real Estate News May 4, 2022: Beckham MLS Stadium Approved; Southland Mall Sells for $100M; Land Secured for $220M Multifamily Development; More…

May 04, 2022 - Top Stories - 0 Comments - Standard

Miami approves major lease for Beckham soccer stadium mixed-use development From left: David Beckham, former professional footballer and current president and co-owner of Inter Miami CF; Francis Suarez, mayor of Miami; and Jorge Mas, chairman, MasTec, along with a rendering of Miami Freedom Park: The city of Miami commission chambers erupted into cheers and applause […]

Miami Commercial Real Estate News April 27, 2022: A $500M Bet on Flagler Street; Miami Rents 3rd Priciest in USA; Miami’s 22 Tallest Towers Under Construction; More…

Apr 27, 2022 - Top Stories - 0 Comments - Standard

Moishe Mana spent $500 million on Miami’s Flagler Street. Can he make his vision reality? On a warm weekday afternoon, billionaire immigrant entrepreneur Moishe Mana, who took control of much of downtown Miami’s tattered Flagler Street district in an eight-year $500 million buying spree, arrives to tour the first of his 70 properties to go […]

Miami Commercial Real Estate News April 20, 2022: Naranja Multifamily Sells for $69.5M; Semi-Trailer Parking Lots in Medley, North Miami-Dade Trade; More…

Apr 20, 2022 - Top Stories - 0 Comments - Standard

New York investor Bayview Partners pays $69.5M for Naranja apartment complex Bayview Partners paid $69.5 million for an apartment complex in south Miami-Dade County’s Naranja neighborhood. Bayview bought the South Pointe complex at 13720 Southwest 272nd Street from an affiliate of the project’s developer, Garco, according to the broker. Tal Frydman of Newmark represented both […]

Miami Commercial Real Estate News April 14, 2022: Miami’s 58% Rent Spike Leads Nation; South Beach Office Building Trades for $52M; More…

Apr 14, 2022 - Top Stories - 0 Comments - Standard

Miami leads nation with 58% rent spike during the pandemic Miami led the U.S. in rent hikes during the pandemic. Miami’s median apartment rent skyrocketed 58 percent to $2,988 per month since March 2020, according to a newly released report from Realtor.com. Median rents increased nationwide by 19.3 percent to a new high of $1,807, […]

Miami Commercial Real Estate News April 6, 2022: $500M Buyout Offered for Aging Miami Beach Condo; 600 Unit MF Proposed Near Dadeland; Wynwood Property Flipped for 75% Gain in 3 Months; More…

Apr 06, 2022 - Top Stories - 0 Comments - Standard

Related, 13th Floor offer $500M for aging, oceanfront Miami Beach Castle Beach Club condo building Owners of an aging, oceanfront condo building in Miami Beach who banded together late last year in hopes of finding a bulk buyer have their wish granted. The Related Group and 13th Floor Investments offered $500 million to buy out […]

Miami Commercial Real Estate News March 23, 2022: 257 Unit Strata Wynwood Sold; New Rent Increase Notice Reqs; 1040′ Supertall Planned at Brickell City Center; More…

Mar 23, 2022 - Top Stories - 0 Comments - Standard

Trammell Crow proposes 324 apartments in Miami-Dade’s Coral Terrace, puts land under contract Trammell Crow Residential wants to build a 324-unit multifamily complex on land it has under contract in the Coral Terrace neighborhood, marking the developer’s continued bet on Miami-Dade County’s apartment market. The Dallas-based developer proposes Alexan Ludlam on an 8.7-acre industrial site […]

Miami Commercial Real Estate News March 16, 2022: 816-Unit MF Parkline at Miami Central Trades; Rental Portfolio Sells for $82M; More…

Mar 16, 2022 - Top Stories - 0 Comments - Standard

Harbor Group International Acquires 816-Unit ParkLine Miami Luxury Apartment Community Affiliates of Harbor Group International (HGI) have acquired ParkLine Miami, an 816-unit luxury apartment community in downtown Miami. The purchase price was not disclosed, but news outlets reported last fall that the asking price was $500 million. The seller, Florida East Coast Industries (FECI), completed […]

Miami Commercial Real Estate News March 9, 2022: 382 Units Proposed for North Miami, 140K SF Class A Office for Wynwood; South Miami-Dade Booming; More…

Mar 09, 2022 - Top Stories - 0 Comments - Standard

Cipriani Residences Miami 80-story condo tower planned for Brickell site Cipriani is expanding its footprint in Miami with plans to brand Mast Capital’s luxury condo tower in Brickell, joining a handful of new projects in the neighborhood. For the Cipriani family, the planned Cipriani Residences Miami adds to a growing portfolio of properties. The family […]

Miami Commercial Real Estate News March 2, 2022: $240M Brickell Church Sale may be Blocked by Member; Ryder Selling HQ; 327-Unit Dev Planned for North Bay Village; More…

Mar 02, 2022 - Top Stories - 0 Comments - Standard

Ryder Puts Miami Corporate Headquarters Up for Sale Logistics company Ryder System hopes to sell its corporate headquarters near Miami, saying it needs less office space in a post-pandemic world. Ryder System, a member of the Fortune 500, paid $42 million for the 16.8-acre campus at 11690 Northwest 105th Street in unincorporated Miami-Dade County in […]

Miami Commercial Real Estate News February 23, 2022: Miami-Dade Plans Huge Redev in Downtown Miami; 3-Tower Brickell Dev Gets OK; More…

Feb 23, 2022 - Top Stories - 0 Comments - Standard

Miami-Dade plans massive redevelopment in downtown Miami County authorities are working to redevelop over 20 acres of the downtown Government Center to include a transit terminal, affordable housing, and community cultural facilities and schools. Procurement for the first phase is expected during or after summer, but many details are still being discussed as the project […]

Miami Commercial Real Estate News February 16, 2022: Hialeah Industrial, 2 Kendall Multifamily Dev Sites Sell; Soccer Stadium Study Ordered; More…

Feb 16, 2022 - Top Stories - 0 Comments - Standard

Trammell Crow proposes 576 apartments in West Kendall, puts land under contract Trammell Crow Residential wants to build a 576-unit apartment community on land it has under contract next to West Kendall Baptist Hospital. Dallas-based Trammell Crow, through an affiliate, is seeking Miami-Dade County’s approval to develop the multifamily complex on 20.2 acres at the […]

Miami Commercial Real Estate News February 9, 2022: Hialeah Industrial Development Site Trades for $29M, Miami Beach’s Sixty Six Condo-Hotel for $24M; More…

Feb 09, 2022 - Top Stories - 0 Comments - Standard

Greg Mirmelli picks up Collins Avenue property after flipping nearby building Miami Beach investor Greg Mirmelli purchased a retail property on Collins Avenue that he eventually hopes to redevelop into a high-end residential project, The Real Deal has learned. Mirmelli said he paid about $6.5 million for the building at 600 Collins Avenue in South […]

Miami Commercial Real Estate News February 2, 2022: Miami River Development Site Hits Market; Industrial Market Sets Records; More…

Feb 02, 2022 - Top Stories - 0 Comments - Standard

Witkoff, Monroe plan three 57-story towers on Miami Worldcenter site Witkoff and Monroe Capital proposed a 3.4 million-square-foot, mixed-use addition to the Miami Worldcenter development downtown. An affiliate of New York-based Witkoff and Chicago-based Monroe plans to build three towers on the 4.7-acre site at 700 North Miami Avenue. The buildings could each be up […]

Miami Commercial Real Estate News January 26, 2022: Element Hotel Near MIA Sells; Historic Deauville to be Demolished; South Miami Dev Sites Bought; More…

Jan 26, 2022 - Top Stories - 0 Comments - Standard

Miami-Dade judge tosses out Hotel Greystone lawsuit In another court win for Hotel Greystone owner Branden Muhl, a Miami-Dade judge tossed out his ex-partner’s lawsuit accusing him of a hostile takeover of the South Beach property. Miami-Dade Circuit Court Judge Alan Fine last week dismissed an amended complaint filed by Greystone Hospitality, a company managed […]

Miami Commercial Real Estate News January 20, 2022: Miami River Multifamily Development Phase 2 Begun; Edgewater Denny’s Dev Site Sells; Downtown Miami’s Biggest Residential Dev Ever is Planned; More…

Jan 20, 2022 - Top Stories - 0 Comments - Standard

Mast Capital JV reels in $71M loan for Miami River multifamily development A Mast Capital-led joint venture reeled in a $70.5 million loan to begin construction of a 342-unit apartment building on the Miami River. An affiliate of the Coconut Grove-based developer and its Boston-based partner, AEW Capital Management, secured construction financing for the project […]

Miami Commercial Real Estate News January 12, 2022: 100 Biscayne Sells for $90M, Homestead Shopping Center for $92M; MLS Stadium Deal Faces Vote; More…

Jan 12, 2022 - Top Stories - 0 Comments - Standard

Aby Rosen’s RFR buys 100 Biscayne office tower in downtown Miami for about $90M: sources Aby Rosen’s New York City-based firm RFR Holding paid about $90 million for an office building in downtown Miami that had been tied up in litigation, sources told The Real Deal, as out-of-state investors continue to bet on the region’s […]

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