May 15, 2015 - 0 Comments - Top Stories -

Miami Commercial Property News May 15, 2015

Miami Skyline from the West, with Many Commercial Properties

Downtown Miami, FL

Miami Named 7th Best “City of the Future” for Foreign Investment

Miami basically runs on foreign investment, so it’s not exactly a surprise we’ve made “The Cities of the Future” list complied by FDI Intelligence’s, a sub-publication of the Financial Times” FDI, which stands for Foreign Direct Investment — a term for when a foreign business has a controlling ownership stake in an enterprise in another country.

School Board Wants to Develop its Prime Downtown Land, Again

The Dade County School Board is looking at getting into the development game with its ten acres of prime Downtown Miami land. Yep, again. According to the Miami Herald, the department has looked into it multiple times already, twice in 2011, and once in 2014…

Prominent New York investor buys Wynwood property for $10M

A company led by David Edelstein, the head of New York real estate group TriStar Capital, acquired a property in Miami’s hot Wynwood neighborhood for $10.23 million.  The price equates to $588 per square foot for the retail space at 3322 N. Miami Ave., just on the edge of Wynwood near Midtown. That may sound pricy, but…

Big Business: Miami’s biggest developer, the Related, launching…

Miami’s biggest developer, the Related Group is launching a new “lifestyle” division to manage the restaurants, beach clubs, and fitness centers that it is putting in its residential projects. “It’s more than real estate and selling bathrooms and kitchens” says Related’s condo division president…

Rendering Reveals: Related Drops Renderings of Paraiso Bay Beach Club

The Related Group has dropped renderings of the marquee feature of its four tower Paraiso megaproject, the Paraiso Beach Club, which is going in the Paraiso Park (although it might be the Paraiso Bay Beach Club, going in the Paraiso Bay Park. The wording has been slightly vague for this place)…

Development Update: New Triptych Renders Are of Glassy, Highway-Side Party Tower

The developers of Triptych (because that name totally makes sense), the tower being proposed adjacent to I-195 and North Miami Avenue in Midtown, have dropped new renderings along with formally submitting plans to the city for the project.  The building will be primarily hotel, with 297 rooms of…

CBRE: Technology Workforce Hiring Boosts US Office Leasing

Technology workers are directly related to a national surge in office leasing according to a new CBRE research report, “Scoring Tech Talent”. In this report, the national commercial real estate firm CBRE ranks the top 50 U.S. markets and their…

Wild Ride for Miami Office Landlords

That was the theme for the CIASF Office Report today. I agree but I also want to add that the tenants are sitting right next to landlords on this rollercoaster. Here were three statistics that stuck out to me:  1) 75% of the Class A office buildings in the CBD (meaning Downtown and Brickell) are…

Epic Miami Beach Rooftop for Sale

We are currently marketing Skydeck Miami, the hottest Miami Rooftop, for sale!  Start by watching this short video. 605 Lincoln Road Rooftop – Miami Beach The most exclusive venue of South Beach is now for sale – we are talking both business and real estate.  Located at the…

NAI Miami Shuffles C-Suite, Announces Hiring of Stephen Nostrand as Chief Executive Officer and Chief Operating Officer

Stephen Nostrand served as CEO of Colliers International South Florida, where he lead the client service platforms and 35 brokers in three offices throughout South Florida.

Miami CRE back to healthy growth: panel

Tony Puente, Noel Steinfeld, Stephen Smith and Ana-Marie Codina Barlick.  Miami’s top commercial brokers and developers say vacancy rates are down, lease rates are up and there is a growing lack of quality commercial real estate space — all signs that the once-battered commercial real…

Codina joint venture sells Doral shops for $9M

Seth Gadinsky, Doral Signature Shops and Armando Codina.  Doral Signature Shops, a new 11,110-square-foot retail development, sold for $9.1 million or $820 per square foot, Seth Gadinsky told The Real Deal.  A 50-50 joint venture between two companies, Dassett Ltd. and CC Lakeside OP, sold the shopping…

Related Group to launch new “lifestyle” division

Rendering of Paraiso Bay Restaurant and Beach Club, Carlos Rosso and a SoulCycle (Credit: Miami.com)
Aside from developing dozens of new condominium towers, multifamily and affordable housing projects, the Related Group is now getting into the “lifestyle” property management business…

Design, location key to restaurant development in SoFla: panel

The intersection of food and design was a hot topic at a Bisnow event exploring restaurant and hotel development in South Florida on Thursday.  Elements like reclaimed wood and Edison light bulbs are part of an ongoing design trend in hospitality…