Miami speeds ahead with plans for boat show
The Miami City Commission on Thursday voted to authorize a 10-year contract with a local company that plans to erect custom tents and temporary structures for the Miami International Boat Show, which next year is moving to Marine Stadium, despite vehement opposition from Key Biscayne. Mayra Lindsay, the opposing…
iPic Theaters nabs $14.5M loan for new Miami-Dade location
iPic Theaters obtained a $1.5 million loan to build out its new movie theater in North Miami Beach’s Intracoastal Mall. The Boca Raton-based upscale, dine-in theater chain is building an eight-screen, 40,000-square-foot facility that should open this fall. It signed a lease there with Dezer Development in 2014.
Downtown Miami over the years
Various views of Downtown Miami: Flagler Street – 1927; Flagler Street – 1927; Aerial looking west – 1930; Aerial looking northeast – circa 1950’s.
BJ’s-anchored plaza in Miami sells for $42M
A Miami shopping center anchored by BJ’s Wholesale Club changed hands for $42 million. Coral Terrace Commercial, an affiliate of Coral Gables-based Pan American Cos. headed by Carlos C. Lopez-Cantera Sr., sold the property at 7030, 7050 and 7060 S.W. 24th Street to Kireland Coral Terrace. The Aventura-based buyer…
Monty’s Raw Bar and Bayshore Landing Marina in Coconut Grove sold
Monty’s Raw Bar and Bayshore Landing Marina in Coconut Grove were sold this week for $6.95 million. The deal did not include the land, which is leased by the city of Miami. The lease includes adjacent retail and office tenants. The property was last sold in 2004 for $3 million, according to Miami-Dade County property records.
Considering Miami-Dade Office Property Sales Increases in Recent Quarters
We recently extracted some office building sales data from Costar, specifically sales by quarter. We were looking at sales in units, not dollars, to get an idea of what percentage of properties were turning over. As those in the industry can attest, sales have been increasing.
Miami Beach apartment/retail building sold for $21M to New York investor
A mixed-use building in Miami Beach sold for $21 million to an affiliate of New York-based Springhouse Partners. Goldwater Realty, a Miami Beach-based company managed by Zalman Fellig, sold the building at 1700 Alton Road to AC 1700 Alton Owner, which is managed by Springhouse Partners founder Adam Verner. The buyer obtained a $19.04 million mortgage from Ladder Capital Finance.
Casal Group Negotiates Two Lease Deals Totaling 500,000 SF
The deals are representative of the strength of the South Florida industrial market.
Video: Paramount Miami Worldcenter at Night
This new video shows what Paramount Miami Worldcenter will look like at night. Very cool. Thumbnail Image from Video of Miami Worldcenter at NightParamount Miami Worldcenter will transform Downtown Miami (view area demographic trends). It will not only offer residents ultra-luxury condos, it will also offer a luxury…
9 Miami-Dade properties linked to FIFA corruption probe
The red cards continue for the Fédération Internationale de Football Association officials named in Wednesday’s 47-count indictment for alleged conspiracy and corruption. If the defendants are convicted on certain counts, the U.S. government could seize assets – including nine Miami-Dade County properties. The U.S. Department of Justice…
The New Normal: A Miami Association of Realtors Presentation
Ted C. Jones PhD, Chief Economist and Senior Vice President at Stewart Title Guaranty Company, makes some interesting points about commercial and residential real estate in Miami. It is worth taking the time to watch it, particularly for anyone currently invested or considering investing in Miami area commercial real estate…
Miami Design District Property Triples In Three Years
The 5,186-square-foot building at 3620 Northeast Second Avenue sold for $5.5 million, or $1,061 per square foot.
Why You May Want a Non-Traditional Lender
With some condo developers working with traditional financial institutions and other working with non-conventional lenders, we asked attorney Luis Flores what the big differences are….
How Millennials Are Influencing Miami Retail
There’s pent up demand for discount stories, high-street retail, indoor malls, and more. Find out how Millennials fit into Miami retail trends…
Miami Jewish Health Systems plans campus expansion
Miami Jewish Health Systems announced plans to expand its campus with a facility for patients suffering from memory loss. The non-profit runs assisted-living facilities, nursing homes, rehabilitation centers, and a memory center. The Miami Jewish EmpathiCare Village would house 66 beds for patients dealing with memory loss.
All Aboard Florida unveils fares, expects 5.3M riders by 2020
Ticket prices for All Aboard Florida’s passenger train will range from $11 for a one-way ride between Miami and Fort Lauderdale to $143 for a business-class trip between Miami and Orlando, the company said in a study Thursday. The passenger rail company has not officially released its fare schedule, but President Michael Reininger…
What Makes This Related Group Retail Successful?
Could it be the proven concept from West Palm Beach, the location, the names behind the project? All of the above?
Inside Look: South Florida’s coolest offices
We’ve rounded up photos of South Florida’s coolest workspaces and learned that there’s usually a purpose behind all the alluring artwork, creative designs, unusual furniture, awesome views, scooters, fish tanks and, yes, even the pingpong, pool and foosball tables. It’s about marketing: making sure you’re customers see success…