Mar 31, 2016 - 0 Comments - Top Stories -

Miami Commercial Property News March 31, 2016

Peruvian Consulate Purchases Coral Gables Office Building

The post Peruvian Consulate Purchases Coral Gables Office Building appeared first on CRE-sources | South Florida Commercial Real Estate News.

Lufthansa Signs On For 20,000 Square Feet

The post Lufthansa Signs On For 20,000 Square Feet appeared first on CRE-sources | South Florida Commercial Real Estate News.

Miller Construction Company To Build Massive 600,000 SF Industrial Project

The team expects to pour and tilt up a total of more than 28,000 yards of concrete – a process scheduled to take 75 night pours to accomplish. CLICK ON THE HEADLINE FOR MORE
The post Miller Construction Company To Build Massive 600,000 SF Industrial Project appeared first on CRE-sources | Sout…

Mixed-Use Project To Break Ground In Coral Gables

It will feature 33 condos, 57,700 square feet of “Class A” office space, 13,882 square feet of retail, and a 7,400-square-foot pool deck with a wet bar and lounge.

Watch List: Late Cycle CRE Rebound Could Foretell Higher REO Property Losses

The amount of loans held in REO is more than 40% lower than a year ago thanks to improving commercial real estate fundamentals, market liquidity and coninued investor interest in all things real estate. It also helped that the single biggest REO property, the 11,227-unit Stuyvesant Town/Peter Cooper…

Famed Architect Rafael Moneo to Design Apeiron at Jockey Club

Moneo won the Pritzker Prize in 1996 Spanish architect Rafael Moneo, winner of the Pritzker Prize in 1996, has been selected to design Apeiron, a condominum and hotel project at the Jockey Club in North Miami.  Moneo has over 50 years of architectural experience. This will be his first project in South…

Auberge Miami Launches Sales, Releases New Exterior Renderings

Units start at $359K Auberge Residences & Spa Miami has launched sales with Related Group and Alta Developers, the third new project in development in the Arts and Entertainment District in Downtown Miami.  The 60-story tower designed by Arquitectonica released a few new renderings…

Gary Nader Calls Jorge Perez ‘Worst Thing’ for Miami Culture; Perez Takes High Road

The two finalists for MDC’s Downtown project are feuding Days after Miami-Dade College announced Related Group and Nader + Museu LLP as the two finalists to develop a condo tower and cultural arts center on a prime 2.6-acre plot in Downtown Miami, and the two sides are clashing.  Art collector Gary…

MDC Recommends Related, Nader + Museu for Downtown Miami Site

Vote for your favorite proposal Miami Dade College is moving forward with two of the four proposals for their partnership with the mixed-use Downtown Miami site at 520 Biscayne Boulevard, per the South Florida Business Journal.  MDC announced today they will enter negotiations with the Related Group…

Miami 2016 Retail Renaissance

According to Bisnow, “With strong demand drivers in place, developers are anxious to capitalize on the city’s retail market, as evidenced by the 1.4 million square…

Starwood would face problems closing a deal with Anbang

From the New York website: If Anbang Insurance Group wins its bidding war for Starwood Hotels & Resorts, the hospitality firm would still have a lot of work to do to ensure the deal closes.  When financing…

Miami Beach board backs early last call for bars, restaurants

In spite of protests from nightlife attorneys and the nephew of a prominent developer, Miami Beach’s Land Use and Development Committee backed the passage of an ordinance that will restrict the hours of operation for…

Property across from Midtown Walmart sells for $6.5M

A warehouse across from the Shops at Midtown sold for $6.5 million, records show.  The 25,300-square-foot property at 2994 North Miami Avenue is split into three parcels that include a 7,554-square-foot warehouse. The seller, 2994 North Miami Avenue Inc., sold the lots to 2994…

JSRE Acquisitions adds to Wynwood portfolio with $5.7M buy

After buying a retail block along Wynwood’s Northwest Second Avenue, New York-based JSRE Acquisitions has acquired an adjacent building for $5.65 million.  County records show the 4,131-square-foot warehouse at 194 Northwest 24th Street traded hands for…

MORGAN to Break Ground on Pearl Midtown 29 High-rise

Multifamily development and management firm MORGAN, in a joint-venture partnership with Chicago-based Mesirow Financial, will break ground next month on its planned Pearl Midtown 29 luxury apartment high-rise at 180 NE 29th St. in Miami, FL.  The 20-story, 325,000-square-foot tower will be comprised…

Video Discussion: Top Mistakes to Avoid with Contracts – Commercial Real Estate Show

Attorney Seth Weissman joins commercial broker host share tips, strategies and general best practices related to commercial property sales contracts. While only lawyers should write contracts, understanding them as well as possible is important for any commercial real estate investor or practitioner…

Commercial Property in Zip Code 33128: Year’s Top Buyers, Sellers, Ten Year Sales Volume

For commercial property of all types in Miami’s zip code 33128 the top buyers in the past year as listed by Costar on March 8, 2016, were…

Video of Discussion: Commercial Real Estate Lending Today

Tom Walsh with Grandbridge Real Estate Capital sits with commercial broker Michael Bull to discuss what sectors seem to be the most popular with lenders today, how rate increases are affecting lending, underwriting trends these days, general advice for lenders, the best sources of capital by proper…

Commercial Property in Zip Code 33155: Year’s Top Buyers, Sellers, Ten Year Sales Volume

For commercial property of all types in Miami’s zip code 33155 the top buyers in the past year as listed by Costar on March 24 2016, were…

Three Key Questions: Shedding Light on the Present and Future of Miami’s Office Market

Miami’s maturity as an international city makes it a very attractive place where companies, particularly with Latin American connections, want to have an office or regional presence. But its emergence as an international gateway also makes it vulnerable to global economic turmoil. With so much…