Towering Miami condo ’18’ – inspired by flower – bed planned for Brickell
A 76-story mixed-use development called 18 is planned at the Miami strip center in Brickell anchored by a Burger King, according to The Next Miami. Set to be reviewed by Miami’s Urban Development Review Board next week, the project calls for four levels of retail at its base encompassing over 65,000 square feet, parking, and a residential component totaling 392 units. The architect is NBWW (Nichols Brosch Wurst Wolfe & Associates) and the project was proposed by Karam Group in collaboration with Claro Development.
Video: Jay Parsons of RealPage Provides a Multifamily Property Update and Forecast for 2017
Jay Parsons, Vice President for MPF Research at RealPage, goes on The Commercial Real Estate Show to provide an update on the multifamily property market and to make forecasts about multifamily property investments for 2017. Jay Parsons oversees the research, analysis and services teams at RealPage…
Avra Jain, Mattoni Group’s plans for the Bayside Motor Inn in MiMo move forward
The Miami Historic and Environmental Preservation Board signed off on Tuesday on redevelopment plans for the Bayside Motor Inn, a shuttered hotel in the city’s MiMo neighborhood. A partnership between the Mattoni Group and Avra Jain plans to convert the property into a mixed-use site with retail, restaurants and offices. The historic preservation board granted a request by 5101 RE CO LLC, a company owned by Mattoni Group principal Ricardo Caporal, to demolish a 6,430-square-foot building…
Mast Capital gets a new $1M-plus investor in Silva International
Mast Capital just got an investment shot from Silva International Investments, a firm owned by Italian entrepreneur Riccardo Silva, whose holdings range from soccer teams to modeling agencies and restaurants. Silva declined to disclose the value or percentage of his investment, but told The Real Deal it is in the “seven figures.” “We like the company,” Silva said. “They have a nice mix of investments in real estate, with different characteristics … Mast Capital has a very good track record, and we believe it will continue.”
Five Trends In Commercial Real Estate To Watch In 2017
The U.S. property market landscape in 2017 will be characterized by continued strong fundamentals, increased investment flows, and high transaction volume. For the five CRE trends expected to play a significant role…
The Use of a Power of Attorney During a Real Estate Transaction
We get a lot of questions regarding the use of a power of attorney during a real estate transaction. We often get a phone call saying, “Hey I’m not going to be in town that day, can somebody else sign the documents for me to sell my house?” The answer, like a lot of answers in our business,…
Tour the new FENDI Chateau Residences in Surfside
The first FENDI-branded residential project in the world FENDI Chateau Residences was completed in 2016 in Surfside, becoming the first FENDI-branded residential project in the world. Chateau Group’s exclusive 58-residence beachfront property was designed by Arquitectonica, featuring an array of…
MiamiCentral construction boom crashes into Metromover, kills one worker
A Suffolk Construction boom working on Brightline’s MiamiCentral station hit a Metromover car in downtown Miami on Wednesday, killing one construction worker and injuring another. The boom collided with the Metromover car during a maintenance run around 1 a.m. on Wednesday, according to the Miami Herald. No passengers were on the train. Construction worker Oscar Cabrera, 43, died at Jackson Memorial Hospital’s Ryder Trauma Center and construction worker Luis Perez was injured. Co-workers helped…
Venezuelan Cogorno family sues Miami investment firm 7A Capital over alleged Ponzi scheme
By all accounts, Miami’s various real estate markets are a hotspot for international investment — but not all deals go off without a hitch. A Venezuelan family, seeking to recoup its cash from a financing deal gone sour, has filed a lawsuit in Miami-Dade Circuit Court, alleging family members were duped into an investment scheme by Miami firm 7A Capital. The suit was filed by three Venezuelan citizens: Arnaldo Cogorno, his wife Grisela Cogorno, and their granddaughter Oriana Cogorno. According to the complaint…
Charles Kushner part of group bidding for Miami Marlins: report
 Fair ball? Charles Kushner is part of an investor group looking to buy the Major League Baseball team Miami Marlins. It wasn’t clear whether Kushner is the main bidder in the group, or whether a deal is likely. According to…
The importance of an NDA in a confidentiality agreement dispute
Miami businesses will sometimes need to share certain information that could be considered delicate in order to move their business forward. This can have to do with designs, intellectual property and more. It is in these circumstances that it is necessary to have a non-disclosure agreement, also known…
Is Allapattah The Next Hot Miami Neighborhood?
The working-class enclave is the newest chapter in the by-now familiar Miami story of gentrification: first come the edgy art people, then bars, and finally big investors snapping up properties and planning big projects.
Urban Renewal Project In The Works For West Dixie Highway In North Miami
But now there is movement afoot to redevelop some of the apartments and low-scale commercial buildings in the area, most of which were built in the first couple of decades after World War II. An investor and developer group signed a “memo of understanding” with the city at the end of January to enter into a joint development agreement to develop several parcels of land in the vicinity of 131st Street and West Dixie Highway. The developer, BSD 18, LLC, which records show is led by Eli Ran, owns some of the land…