Jan 12, 2016 - 0 Comments - Top Stories -

Miami Commercial Real Estate News January 12, 2016: On the Race to Build Miami’s Tallest Building; Miami Rents Decrease in December; More…

Offices of Keyes Commercial Realty | 2121 SW 3rd Avenue Suite 300, Miami, FL 33129 | 786-581-7990 | James Hawkins | Miami-Dade County, Miami Commercial Real Estate Investment

Offices of Keyes Commercial Realty at 2121 SW 3rd Avenue Suite 300, Miami, FL 33129

Race To Build Miami’s Tallest Building Heats Up As Tibor Hollo Plans 1,044 Foot Tower

Hollo isn’t the only developer in the super-tall skyscraper game, though.

Record Participation As MIAMI Realtors Meet With Legislators In Tallahassee

The association’s participants will address four major legislative issues in Tallahassee.

Wynwood Art Gallery Trades For $723 PSF

The 8,300-square-foot building last sold for $2 million In 2013.

U.S. Apartment Rents Decline in Fourth Quarter, Bucking Annual Trend

U.S. apartment rents posted one of the weakest fourth quarters since the end of the most recent recession, according to the latest analysis of the U.S. multifamily market by CoStar Group.  In the first six months of 2015, U.S. apartment rents grew at an annualized rate of 9.4%, per CoStar’s…

Miami Worldcenter Cancels Enclosed Mall

Months before planning to break ground on its 760,000-square-foot mall, Miami Worldcenter developers have announced they’re canceling the enclosed mall portion of the multi-billion dollar project and instead are opting for a high street retail plan with an…

Condo to Break Ground Next to Epic Hotel in Downtown Miami

That mostly empty, grassy plot of land at 300 Biscayne Boulevard Way neighboring the Epic Hotel in Downtown Miami will house a new luxury condo tower that will break ground next fall, according to Next Miami. Sold for $125 million in July 2014 to the Coto family…

Miami Rents Decrease in December For First Time in Months

Rents in Miami began to cool in December after three consecutive months of increases, with one-bedroom median rents dropping to $1,820, according to a report by Zumper. That figure continues to put Miami at ninth nationally.
Two-bedroom median rents dropped slightly to $2,520, down from $2,550…

Midtown Walmart Appeal Denied, Again

Walmart cleared another hurdle on Thursday in their quest to build a gigantic superstore in Midtown after breaking ground last week. A second-tier petition to block development of the 200,000-square-foot facility was denied, upholding the lower court’s previous ruling.  Upon…

South Miami Tower Trades for $40 Million

Advance Tower, a nine-story, 100,798-square-foot building at 6262 Sunset Drive, sold for nearly $400 per square foot.

Low Cap Rate on Net Lease Shows This

A single-tenant retail property leased to CVS just traded hands—and it demonstrates a capital markets trend….

Another Sunny Isles Condo Delivers to Market

The project, which is the first ground-up condo Key and 13th Floor completed together in this cycle, is 100% sold out.

Kendall Condo Sees Bulk Unit Sale

“The bulk sale of condominiums at Vista Lago at the Hammocks speaks to the strength of the multifamily market in South Florida.”