Midtown Miami Getting Another 700 Apartments At Chiquita Property Booming Midtown Miami has attracted the attention of a national apartment developer. The result could be yet another massive residential project. AMLI Residential, controlled by Morgan Stanley, has filed plans to build a 12-story, 700 unit project on the former Chiquita Banana distribution facility in the […]
At the end of the 2nd quarter of 2015, U.S. Treasury yields, on a nominal basis, were largely unchanged in the shortest maturities versus the quarter prior, but higher as maturities lengthened, about 50 basis points higher on 30-year maturities, but only about 30 basis points higher on the more relevant (to commercial real estate) 10-year […]
Miami to consider 76-story tower downtown, Little Havana apartments Two big residential projects are set to go before the city of Miami’s planning, zoning and appeals board on July 15 – a 76-story tower downtown and an apartment project in Little Havana. City staff recommended the denial of both applications but their fate is up […]
After dipping to a 3 month low of 2,914, the number of active commercial (improved) listings in Miami-Dade County MLS spiked up to 2,980 in June, the highest level since November of 2014. This is still fairly short of the 5-year peak of 3,500 reached in October 2012, but represents the upper end of a […]
New Player Enters Downtown Miami Monopoly Board Game A Flagler Street retail asset has traded for more than $550 per square foot. Firm Tapped To Market Iconic Miami Hotel Property The property is proximate to some of Miami’s most recognizable attractions, including Bayside, American Airlines Arena, Miami Tower, Port of Miami and Mary […]
In the seven days to July 6, 2015, MLS counts 15 new listings for commercial/business/agricultural land, down from from the prior week ending June 29th, which saw 20 new listings of this type. Other indicators during this period that commercial real estate investors may wish to review are trends in commercial real estate prices and availability. These are […]
Hollywood to consider tower by Related Group, 13th Floor and Key International A trio of developers are seeking approval to build the Hyde Beach House hotel and condominium in Hollywood. The city’s Planning and Development Board will meet on July 9 to consider the proposal by PRH 4000 South Ocean LLC, a joint venture between […]
About a month ago, we reached out to a couple of our favorite banking contacts to get some current guidelines for financing of Miami area commercial properties. The near zero short term interest rate environment we have enjoyed since the end of 2008, as evidenced by the “Code Blue” chart pattern at right of the Federal […]
Related Group and Shoma land $137M construction loan for CityPlace Doral CityPlace Doral, the major mixed-use project by the Related Group, Shoma Homes and Prudential, obtained a $136.9 million construction loan from Regions Bank for its next phase. Located at 8300 Doral Blvd., the project has a mix of retail and residential in the middle […]
In the seven days to July 6, 2015, MLS counts 95 new listings for improved commercial/industrial properties within Miami-Dade County, down from 127 in the prior week ending June 29th. Other indicators during this period that commercial real estate investors may wish to review are trends in commercial real estate prices and availability. These are influenced by […]
Ytech buys 188 apartments in Miami Beach for $27M An affiliate of Miami-based developer Ytech International bought a group of 188 apartments in Miami Beach for $27.15 million. Grand Beach LLC, managed by Roland Faith and Roy Faith, sold the 11 neighboring properties to Ytech-180 Units Miami Beach Investment, headed by Ytech Chairman and […]
Since this video was posted in 2012, a lot has happened in Little Havana, and for that matter Miami overall, related to commercial real estate. These changes are evidenced in the changing demographic and economic data for Little Havana zip codes 33125, 33128, 33130, and 33135, and in the ever higher prices for commercial property […]
Mexico’s biggest hotel operator to debut in Miami Grupo Posadas, a major player in the Mexican hospitality industry, is joining forces with Las Vegas-based private equity firm Bighorn Capital to bring the GP’s high-end boutique hotel brand, Live Aqua, to Miami. Per its agreement with Grupo Posadas, Bighorn Capital will invest $450 million to develop […]
In this video, real estate entrepreneur and Shark Tank star Barbara Corcoran speaks at a TedX conference held a Barnard College. Read more about Barbara Corcoran: BarbaraCorcoran.com Wikipedia for Barbara Corcoran Shark Tank Profile of Barbara Corcoran Wikipedia for Shark Tank Inc. Mag: Why You Want to Ignore Barbara Corcoran on ‘Shark Tank’ – Before she was […]
A Realtor in Boca Raton was kind enough to post this great slideshow covering all manner of things related to South Florida commercial real estate. There are 260 fact filled slides, thus this is a slug to get through. However, it is full of great information, and thus worth the effort.
