Sep 24, 2015 - 0 Comments - Top Stories -

Miami Commercial Property News September 24, 2015

Key Biscayne office building trades for $21 million

 

Blue Jay Capital Principal Eric Soulavy just became his own landlord by purchasing a Key Biscayne office building for $20.75 million.  Key Biscayne Properties, an affiliate of Beverly Hills, California-based Platinum Equity, sold the 52,004-square-foot office building to 240 Crandon Investments, managed by Soulavy. Miami-based…

Last Remaining Industrial Holdout on Wynwood’s Main Strip Sells for $41.5 Million

 

Walk along the main strip of NW Second Avenue in Wynwood, and you’ll pass a few art galleries, some fancy taco eateries, boho-chic boutiques, a Ducati dealership — and a huge pipe-and-plumbing-supply joint. Located in a 10,000-square-foot space at 2800 NW Second Ave., Lehman Pipe & Plumbing Supply, with its decidedly…

Most new downtown condos rented immediately

Condo rental rates in the downtown/Brickell area have largely stayed the same for six months, most brokers agree, but they cite a number of variables to watch going forward before we’ll know if the trend holds.  Currently, rental rates in Brickell and average days on the market have remained essentially unchanged for two quarters…

Firm Tapped To Sell South Beach’s Largest Apartment Portfolio Ever Brought to Market

The portfolio totals 240 units in mostly low-rise, garden-style apartments.

Royal Oaks Townhomes Sold for $19M

Monument Real Estate Services and First Market Properties have acquired the Royal Oaks Townhomes at 3198 Stirling Rd. in Hollywood, FL for $19 million, or approximately $275,000 per unit, from Read PRoperties LLC and Chetrit Organization.  Built in 2009, the gated multifamily complex consists of…

Public Art: The Wolfsonian is Building an Immersive Jungle in its Lobby

To accompany the upcoming exhibit Philodendron: From Pan-Latin Exotic to American Modern, which explores “the Pan-American cultural exchange that reshaped the gardens, interiors, buildings, and material culture of the U.S in the 19th and 20th centuries” the Wolfsonian…

Checking in on New Design District Store Construction

Very high-end retailers continues to construct very big new freestanding boutiques in the Miami Design District’s more substantially completed southern half—the Palm Court area—while major construction moves towards the north. Racked Miami reports that both…

city_banner3Lubian: Investors Willing to Sacrifice This

Patricia Lubian, an industry veteran with more than 25 years of experience, has joined BankUnited. We got inside her head in this  interview.