Jan 15, 2015 - 0 Comments - Top Stories -

Miami / South Florida Commercial Real Estate Headlines for January 14, 2015

ph07Wichita-based Value Place hotel chain finalizing Miami plans

A rendering of a typical prototype of a new Value Place hotel location.
The Value Place hotel chain is finalizing plans to build a new hotel in South Florida this year, near Zoo Miami and highly visible from the Florida Turnpike.
The Wichita, Kansas-based extended-stay hotelier is also building new …

‘Distressed’ Buyers Navigate Complex Market

MIAMI–“One of the challenges to the deal was due to the fact that the subject units were owned by eight different sellers.”…

Fired Legal Secretary’s Sexual Harassment Claims Against Arnstein & Lehr Partner are Salacious

Dasschinka Storani claims former Fort Lauderdale managing partner Alan Kipnis sexually harassed her, talking about blow jobs and forcing her to give him vitamin shots in the buttocks.     …

Wal-Mart gets warm welcome in Miami Gardens, more…

Miami is now considered a leading luxury capital of the world
1. Miami a leading luxury capital of the world [Miami Herald]2. Wal-Mart gets warm welcome in Miami Gardens [Daily Business Review]3. Pompano Beach townhomes coming in 2015 [Sun Sentinel]4. Boca Raton investment adviser ignores SEC ban [S…

Canyon Ranch in Miami Beach to be renamed, will lose former affiliation

Canyon Ranch and Z Capital CEO James J. Zenni
Canyon Ranch Hotel & Spa in Miami Beach will be renamed The Carillon Hotel & Spa when Z Capital Partners closes on its purchase, as early as this week, The Real Deal  has learned. The resort will lose its former affiliation with Canyon …

Sunrise office building sells for $11M

7771 West Oakland Park Boulevard in Sunrise
An office building in Sunrise sold for nearly $11 million last week.
An affiliate of Douglas Pike Associates purchased the renovated 94,000-square-foot Atrium West building for $10.95 million.
David Duckworth, Avison Young vice president of inves…

Allapattah affordable housing project opens Tuesday

Collins Park at 3625 Northwest 20th Avenue
A Collins Park affordable housing project is celebrating its grand opening Tuesday.
The complex, located at 3625 Northwest 20th Avenue just west of Miami Jackson Senior High, will provide housing for low-income seniors.
Collins Park Public Housing Developme…

Drill, Baby, Drill: You Won’t Believe How Many Feet This Sunny Isles Beach Garage Goes Down

The parking garage in Sunny Isles Beach will take Lamborghinis and Maseratis three levels underground, a difficult engineering feat requested by the developer at a cost of $25 million.     …