Jun 30, 2015 - 0 Comments - Top Stories -

Miami Commercial Property News June 30, 2015

Miami to consider density boost near Bird Road, parking garage near Design District

Miami’s planning and zoning board will consider two significant proposals on July 1, a major increase in density near Bird Road and a parking garage on the edge of the Design District.  The city’s staff was the applicant for the proposed doubling of residential density in the 3.8-acre area consisting of 17 parcels with various owners. It is just north…

Five major development plans proposed in Miami-Dade, 859-acre urban center out west

Five major development plans were submitted for Miami-Dade County’s annual batch of amendments to its comprehensive zoning plan, with the largest among them an 859-acre urban project on the western edge of the county.  The comp plan amendments were submitted in early June. County staff will publish…

Miami-Dade Commissioner Calls for County-Wide Donald Trump Ban

In the epic fight between Univision and Donald Trump, county commissioner Daniella Levine Cava wants Miami-Dade to officially take sides. She’s introduced a resolution that would forbid the county to hold any officially sanctioned event at any Trump property in Miami-Dade.  The whole fiasco started with Trump claiming…

The Great Outdoors: Icon Bay Park, First New Edgewater Park in a Long Time, Opens

On Friday the Related Group threw a grand opening party for Icon Bay Park, the first new park to be built in Edgewater in a really, really long time and the only neighborhood park between Margaret Pace Park and those little scraps of green space leftover between the…

Sleeping Around: Hotelier and Studio 54 creator…

Hotelier and Studio 54 creator Ian Schrager is down and determined to find sites for two new South Florida hotels of his creation. He thought he had a Fort Lauderdale locale nailed down to build an Edition Hotel, but negotiations didn’t pan out, so he’s looking for something else. Mr. 54 is also…

Miami Office Space Greener Than Most

Miami doesn’t lead the Southeast for green buildings, but it’s still one of the top markets in the nation for LEED buildings.

ComReal Miami Industrial Real Estate Market Report First Quarter 2015

The new year has started very strong for the Miami industrial real estate market. The average lease rates have already increased to $8.53 per sq. ft. and the average vacancy rate fell to 5.2%. The net absorption for the 1st quarter was an astounding 1.4M square feet. The largest lease so far this year…

Tour of Cargo Warehouses at Miami International Airport

Edison Vasquez from the Miami Warehouse Team at ComReal Miami had the opportunity of participating on the tour at Miami International Airport at its cargo facilities. The tour was guided by Mr. Ernesto Rodriguez, MIA Marketing Division.Did you know that Miami International Airport is the…

Citigroup Inks 125,000 SF Lease at Miami Center

It’s one of largest Downtown Miami office lease deals of 2015. What does it say about the current state of Miami’s office market?

Trump, Gimenez Cleared in Golf Course Ethics Flap

Miami-Dade County’s ethics watchdog declines to sanction county Mayor Carlos Gimenez for discussions with Donald Trump about the future of the Key Biscayne golf course.

Total Wine & More Inks Deal For 25,000 SF

The deal increases occupancy at the retail center from 45% to 70% occupied, less than 90 days after the JV acquired it.

CRE Firm Leases 23,000 SF At Golden Glades Office Park

The brokerage firm closed out the 2nd Quarter with nearly 33,000 square feet In lease deals.