Miami retail center anchored by CVS and Office Depot sold for $21M
The Shoppes of Coral Way in Miami traded for $21.02 million. Coral Gables-based 2690 SW 22 Street LLC, managed by Toni Alam and Roberto Isaias, sold the 84,309-square-foot retail center to Rajen Properties, managed by Arnold S. Wax in Aventura. The price works out to $249 per square…
JHM Development is proposing new Mid Beach tower…
JHM Development is proposing to construct a distinctive new tower behind two existing historic buildings in Mid Beach that would require the demolition of a third small building, while adding a one-story addition to the top of another. All in all, the mixture of old and new, designed by Urban…
Construction Watch: Closings Beginning Soon at the Related Group’s Icon Bay
The Related Group expects to begin closings soon at their first Edgewater tower of this cycle, Icon Bay, says Related President Carlos Rosso. The tower is getting closer and closer to finishing, with work progressing on the public Icon Bay Park, which is going underneath it, and the building’s…
Victoria’s Secret on Collins Avenue sells for $25M
Five years on, Kolter Signature Homes lawsuit continues
A judge in Palm Beach County denied a motion on Monday to sanction Kolter Signature Homes for producing a witness who was apparently unable to answer basic questions about construction defects at a Palm Beach Gardens condominium complex that is at the center of a $40 million lawsuit.
Lake Worth bowling alley sells for $3.2M after foreclosure
A 60,000-square-foot bowling alley in Lake Worth recently sold for $3.2 million after its owner went into foreclosure, The Real Deal has learned. Located at 6591 South Military Trail, the building sits on a 6.4-acre lot next to an upcoming charter school…
Two law firms expand offices at Southeast Financial Center
Two Southeast Financial Center tenants expanded their leases, JLL announced on Monday. Stroock & Stroock & Lavan LLP will lease 8,426 square feet on the 31st floor after expanding by 3,961 square feet, according to a…
Sunset Harbour retail property up for sale at $6.9M
LeFrak, Turnberry Team on Massive Development
The joint venture project is zoned for 4,390 residential units and over 1 million square feet of retail and commercial space. Get all the details….
Grove Guy Editorial: Our Blue Elephant (Go Home Kevin Spacey)
Thanks Kevin Spacey… but the Coconut Grove Playhouse doesn’t need your celebrity to save it. It died seven years ago. Too large for the times, financial problems forced it to shut down…
Bond On Brickell Adding A New Floor Every Four Days, Will Top Off This Summer
Construction is moving fast at Rilea Group’s 328-unit Bond On Brickell, with the project set to be delivered on time. Contractors recently poured the 15th floor of the 44-story building. At the current pace, they are adding one floor every four days, and are one track to top off this summer.
Urban Robot Associates Designs A Modern Tower Next To Historic Building At 29 Indian Creek
Urban Robot Associates, a Miami Beach architectural firm, has prepared a plan to redevelop 2901-2911 Indian Creek Drive. JMH Development bought the property late last year for $5.65 million. Records show that the majority of the purchasing entity is controlled by hedge fund trader Dhruv Piplani, with a small stake owned by Jason Halpern.
Four Hampton Inns in Palm Beach County change hands for $77 million
Four Hampton Inns in Palm Beach County have a new owner, according to deeds filed Friday. W2007 Equity Inns of Dallas sold these motels to American Realty Capital Hospitality Trust of New York…
Condo Building Proposed For Narrow Miami River Lot
The owner of a 14,969 square foot property at 27 SW South River Drive on the Miami River wants to build a 12-story residential building. Representatives of South River Warehouse LLC, controlled by Arturo Ortega, presented plans for the project at a Miami River Commission subcommittee meeting last week…