Feb 18, 2015 - 0 Comments - Top Stories -

Miami Commercial Property News | 02/18/2015

IMG_2809Related Group CEO Jorge Pérez in his own words on Miami’s economy

Miami’s most prolific condo developer, Related Group CEO Jorge Pérez, is understandably optimistic about the local economy’s future, yet he sees several challenges that must be overcome to make the city a more attractive place to live.  “Miami is one of the top cities for liv…

Handling Deal Volume, Rent Increases In Multifamily

How far we’ve come from the days following the market meltdown. For many working multifamily deals, in the post-recession era the conversation has shifted from talking about short sales to talking about how to get credit to now talking about how to handle deal …

South Florida by the numbers: Focus on South Beach edition

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.  Here at SFBTN headquarters, we used to our roll our eyes every time a national broadcaster or journalist used “South Beach” when talking about all of …

Fendi Château Residences hits $70M in sales in January

The Fendi Château Residences in Surfside had $70 million in sales in January alone, developers announced Wednesday.  The upcoming luxury condo project is a collaboration between Fendi and Château Group. Construction of the 12-story tow…

Acqualina developers launch plans for condo towers in Sunny Isles Beach

Developers of the Acqualina Resort & Spa have plans for a new project, the Estates at Acqualina.
The 5.6-acre beachfront project will be targeted toward buyers looking for a second or third home, developer Jules Trump told the Miami Herald. Investors will not be allowed to b…

Elliott Throne: How to Get Multifamily Deals Done

GlobeSt.com caught up with Elliott Throne, managing director of HFF, to get his thoughts on how to get creative to seal the deal in part two of this EXCLUSIVE interview….

Will This Aventura Development See Light of Day?

Privé Developers and BH3 Management just want to build their luxury condo project in Aventura, but despite two lawsuits the project is still stalled. Get the latest details….

The Biggest Challenges Facing Multifamily

MIAMI–HFF’s Elliott Throne tells GlobeSt.com’s Jennifer LeClaire the major drivers–and the biggest challenges–in South Florida’s real estate market….

Check Out These New Renderings of SkyRise Miami

Check out these renderings.  Yowzers.

Institutional Investors See Value In EB-5 Program

It is estimated that there has been at least $1 billion a year in EB-5 funds raised in the last several years, as the program has virtually exploded in popularity.

Developer breaks ground on 320-unit Miami condo, Deck 16 to open at Hyatt Centric South Beach…and more

Developer breaks ground on 320-unit Miami condo.  Deck 16 to open at Hyatt Centric South Beach.  Nonprofits earn $500K from low-income housing fund.  Harbourside lawsuit settled; no more details o…

Downtown Miami office condos 50 percent sold

One Flagler, an office condo tower in downtown Miami, said it has sold half of its space after three months on the market, as demand for work sites continues to rise.  Newgard Development Group and Midgard Management, the building owner, entered into a joint venture to convert the bu…

Hilton buying Casa Marina and Reach Resort in Key West

Hilton Worldwide Holdings has agreed to buy two of Key West’s largest and most upscale resorts: the Casa Marina and the Reach Resort.  Hilton already operates the hotels for the Blackstone Group LP, the current majority owne…

Miami developers courting Chinese investors

South American and Russian investors drove Miami’s recovery through the housing downturn, but now developers are reportedly looking at Chinese buyers to sustain the boost.  While Chinese buyers only make up 3 percent of the market in Miami, they are one of the fastest groups of f…

15K-square-foot warehouse in Sunrise sells at a discount

A medical equipment manufacturer recently purchased a nearly 15,000-square-foot warehouse in Sunrise for $1.65 million.  Brennar Real Estate Group handled the sale of the flex building at Sawgrass International Corporate Park…

Is starchitect era over for SoFla’s preconstruction condo market?

The era of promoting star architects — or starchitects — to sell preconstruction condo units in planned towers could be ending in South Florida, during this current boom that began in 2011.  Early on in South Florida’s current preconstruction condo boom that…

Developer buys two multi-family properties in Coconut Grove

A Coral Gables-based company has purchased two multi-family buildings in Coconut Grove.  West Townhomes, a company managed by G. D8 Development, bought the two adjoining properties from Alan Mobley, a trustee of the Greater Miami Mobley Family Trust Land Agreeme…

Judge decides against expediting Privé and city of Aventura lawsuit

Nearly a month after developers of Privé at Island Estates filed a $200 million lawsuit against the city of Aventura, and after attorneys on both sides agreed to expedite a p…

CBRE Brings in Heavy-Hitting Office Exec

MIAMI–“We are confident that she will help CBRE strengthen even further its already successful office agency practice to better serve our clients in Miami-Dade.”…

Why Was Donald Trump in a Miami Courtroom?

Celebrity developer Donald Trump testifies at a trial in a dispute with a tenant at the Trump National Doral Miami resort.

Upstart 100 List Continues To Solidify Miami as Emerging Tech Startup Platform

Rony Abovitz, CEO of startup Magic Leap, and Susan Amat, founder of Venture Hive, were both recognized on the Upstart 100 list, which includes inventors, backers and entrepreneurs leading the …

South Florida is one of America’s easiest places to live, Realtors react to new drone proposal…and more

South Florida is one of America’s easiest places to live, New York Times study finds.  Realtors react to new drone proposal.  Burt Rapoport plans to open Rappy’s Deli.  Miami banks on future as a financial …

Waterway feeding into Miami River getting $20M cleanup

The Miami River Commission secured enough funding to begin a $20 million clean-up job of a waterway that merges with the river and a request for bids will reportedly go out in March.  An $80 million U.S. Army Corps of Engineers…

Shark tank will greet luxe Florida condo owners, Ross is coming to a prime Lincoln Road location…and more

Shark tank will greet luxe Florida condo owners.  Umm, a Ross is coming to a prime Lincoln Road location.  BridgeInvest files $30M-plus foreclosure over waterfront homesites in Broward and Palm Beach County.