Virgin Cruises big announcement coming today
Billionaire entrepreneur Richard Branson will “make waves” with a major announcement about Virgin Cruises today, according to his publicists. The head of Virgin Group said last year that it was partnering with private investment firm Bain Capital to create a new cruise line in South Florida. The plan was to design and construct two cruise…
Miami Beach considers increased development density on Ocean Terrace
Miami Beach could increase the allowable density in the northern part of the city, although it would require a voter referendum. The proposal, set to go before the city’s planning board on Tuesday afternoon, would change the zoning in a 3.55-acre area comprising two square blocks along the Atlantic Ocean. The area is from 73rd Street…
Higher prices, fewer sales for South Florida condos in May
The South Florida condo resale market had strong price growth in May despite fewer sales, while the single-family home market made gains in both areas, according to the Florida Realtors. The tri-county region had 4,542 single-family home sales in May, up 8.2 percent from a year ago. The median sales price increased 7 percent to $290,000.
IMC Properties buys LA Fitness-anchored shopping center for $16M
IMC Properties paid $15.9 million for Tamiami East, a retail center in western Miami-Dade County with LA Fitness as the main anchor. Marcus & Millichap’s Kirk D. Olson, Drew A. Kristol, James Rea and Brian Munn represented both the buyer and seller in the deal. North Miami-based IMC Properties acquired the 54,864-square-foot…
Mana Adds Another Property To Flagler Street Monopoly Board
Israeli Businessman Moishe Mana has purchased 110 East Flagler For $4,500,000.
TriStar Capital turns huge profit on $13M sale in Miami’s Wynwood
Some foresight into the success of Wynwood by David Edelstein and his TriStar Capital turned into a big gain on the sale of two buildings in the street art-adorned Miami neighborhood. SBT Wynwood, an affiliate of New York-based TriStar, sold the buildings at 2605-2637 North Miami Ave. for $13 million to Miami-based MGC Development Corp.
It isn’t easy being green: The Ludlam Trail: 6 Mile Urban Park or 1-House-Wide Suburb?
Spanning all the way from Dadeland to Miami International Airport is a 100-foot-wide, 6.2-mile-long trail; 72 acres of untouched land in a central part of Dade County that connects two major landmarks and employment centers across miles of urban development, which…
Construction Worker Shortage Caused By Real Estate Boom, Developers Say
If you are unemployed and have any construction skills, please report to the nearest job site immediately – contractors are desperate to hire you. Miami’s construction boom has triggered a labor shortage that is driving up costs for developers and contractors. It may have contributed to some projects being delayed or shelved…
Affordable housing project by Miami Heat’s Mourning breaks ground
The team of former Miami Heat center and NBA Hall of Famer Alonzo Mourning and Housing Trust Group broke ground on an affordable housing community in Miami. The 84-unit Courtside Family Apartments are under construction at 1700 N.W. Fourth Ave. in Miami’s Overtown neighborhood. It will have 10 one-bedroom…
Comment of the day re Lincoln Road: “It is not about sameness and…
“It is not about sameness and uniformity. The variety and vitality of Lincoln Road is being reduced to uniform paving, matching umbrellas and follies. Push these designers to build on the beauty of one of the best pedestrian spaces anywhere. It’s about the people and the activity not the design…
Holdouts: Big Tower Will Probably Wipe Out Cute West Avenue Dead-End
Another large condo tower, or hotel, or apartment building (educated guess here: probably a condo tower) appears to be coming to West Avenue in South Beach. JDS Development Group has spent the last two months buying up both sides of the dead-end Monad Terrace in one of the last…
How Millennials Are Impacting Southeast CRE
“There is a lot of talk in the industry about creative office and collaborative environments, but what that means to each company is different.”…
Terra Group Reveals its Secret Sauce
“Some developers build in a vacuum and impart their vision on a neighborhood that already exists.”
How Terra Picks Winning Sites
GlobeSt.com caught up with Terra Group president David Martin to get some solid answers to the tough questions in part two of this interview.
Coconut Grove’s Park Grove Starts Construction
You may have noticed that there are a few more tractors along South Bayshore Drive lately. Yes, construction has officially begun at Coconut Grove’s newest luxury condo project “Park Grove”. They may just be moving dirt around for now, but in the blink of an eye there will be 3 new towers gracing the skyline of Coconut Grove. Designed by…
New Law Allows Electronic Voting by Community Associations
A law taking effect July 1 allowed community association board to adopt e-voting systems that comply with state rules.