Jan 22, 2015 - 0 Comments - Top Stories -

Miami Commercial Property Related Headlines for January 22, 2015

ph14Vacant Edgewater lot sells for $64M

Aerial of Rebuild Miami-Edgewater’s site, formerly owned by BDB Miami (via CBRE)
The city of Miami’s oldest cemetery will have an upcoming neighbor, after investors bought an adjacent site for $64 million.
A Miami-based company purchased the vacant lot north of the City Cemetery in …

$10M subsidy approved for Miami Ocean Studios

Rendering of Miami Ocean Studios complex in Miami Gardens
County commissioners reportedly voted to approve $10 million subsidy for the planned Miami Ocean Studios in Miami Gardens.
Once the $265 million project, which includes a hotel, sound stages and a huge water tank for filming underwater scenes…

Coconut Grove retail and office site sells for $14M

3444 Main Highway in Coconut Grove and Peter Gardner
Pointe Group Advisors, a Miami-based real estate company, purchased three Coconut Grove parcels last week for $14 million.
The commercial properties, totaling 1.4 acres along Main Highway,  were sold by Grover Commercial Enterprises.
&ld…

Downtown Miami Office Sale May Signal Redevelopment

Aztec vice president Jason Katz says Miami’s central business district is “one of the last bastions of dealmaking with Miami locals.”     …

Miami Free Zone Brands Itself Anew

Entering its 36th year, the Miami Free Zone has been re-branded from a trade zone to an international trade facility…

Transit Oriented Development Critical to Metropolitan Growth

Urban Development: Faster Greener Commutes Key to Sustained City Growth, a report released in October 2014 by Cushman & Wakefield, provided insight into Transit Oriented Development as it explored “the consequences of rapid population growth in 10 major North American cities”—w…

Rick Case auto group to open world’s largest Kia store in Sunrise, over 300,000 square feet of retail proposed in Palm Beach County site…and more

Rick Case auto group to open world’s largest Kia store Sunday in Sunrise
1. Rick Case auto group to open world’s largest Kia store Sunday in Sunrise [Sun Sentinel]2. Over 300,000 square feet of retail proposed in Palm Beach County site [South Florida Business Journal]3. Wawa to unveil Pa…

2015 report ranks South Florida high in job growth

Marcus & Millichap’s 2015 National Apartment Report  shows economic and investment conditions in South Florida and nationwide are the healthiest they have been in years.
Fort Lauderdale ranked 4th, and Miami 7th, in markets with the highest expected 2015 employment growth. Fort Lauder…

Miami real estate agent and former “Amazing Race” contender in bitter divorce battle

Lisa Thomson (credit: CBS) and Drew Rosenhaus
Miami-based sports agent Drew Rosenhaus filed for divorce Tuesday in Miami to end his 13-month marriage to real estate agent and former “The Amazing Race” contestant Lisa Thomson.
Rosenhaus said he has claim to their Miami Beach home, accordi…

Wynwood condo development nearing sell-out as area heats up

Rendering of 250 Wynwood
An 11-unit, upscale condo project under construction in the heart of Wynwood has sold nine, or 82 percent, of its units, underscoring demand for residential developments in the burgeoning, artsy Miami neighborhood.
Among the units placed under contract at 250 Wynwood &n…

$26M Design District sale sets record

3800 Northeast Miami Court in the Design District
A $26 million sale in the Design District reportedly sets a record for the last four years.
Chicago-based real estate investment firm L3 Capital closed on the 22,248-square-foot two-story retail building Wednesday, according to a press release.
The c…

Comcast to lease office space in West Palm Beach

1700 Palm Beach Lakes Boulevard in West Palm Beach
Comcast will be leasing office space at a West Palm Beach office center.
The media giant will occupy the 11,500-square-foot space at 1700 Palm Beach Lakes Boulevard on May 1.
The property was built in 1988 and was recently acquired by Breaker C…

Walmart opens in Liberty City area of Miami-Dade

Walmart at 3200 Northwest 79th Street in Miami
Walmart opened a new 182,000 square-foot store in the Liberty City area of Miami on Wednesday, saying it is the first new development in the neighborhood in decades.
Walmart has been opening new stores in South Florida at a rapid pace and bought the 23….

Lantana shopping center plans submitted

Lantana site aerial view
Kenco Communities submitted its plan for the former A.G. Holley State Hospital site in Lantana last week.
The 72.79-acre development will include a commercial area of 34.36 acres lining Lantana Road, with restaurants, a grocery store, a pharmacy, a fitness center and a bank….