In the seven days to August 31, 2015, MLS counts 101 new listings for improved commercial/industrial properties within Miami-Dade County, essentially the same number as the 102 new listings in the week ending August 24th. Worthy of noting among the new listings is a multifamily redevelopment opportunity fronting Alton Road on Miami Beach (see Miami Beach multifamily […]
Miami considers retail project near Design District A two-story retail building has been proposed in Miami’s Upper Eastside neighborhood near the Design District. MacArthur Properties III’s rezoning proposal will go before the Miami Planning, Zoning and Appeals Board on Sept. 2. It concerns a 0.8-acre site at 3701 and 3737 Biscayne Blvd. and 306 and […]
The median number of days to sell commercial improved property within Miami-Dade County shot up in July to 113 versus the prior month level of 83. Although worthy of note and markedly higher than the prior month, this level remains low versus levels that reached as high as 198 in the 5 years and 7 months […]
WSJ: In Miami’s Flagler Street Area, Investors Pay High Prices for Low-Rent Properties For decades, investors and developers largely ignored Flagler Street in downtown Miami, home to some of the city’s oldest buildings. Commercial real-estate buyers focused instead on Brickell, its financial center. That’s changing. Flagler Street, Miami’s historic main street lined with beauty parlors and […]
The MLS closing to list price ratio for improved commercial properties within Miami-Dade County drifted a touch lower in July to 96% from 96.3% in the prior month. This remains, as can be seen in the accompanying chart, near the high of 96.9% in April, and is generally in line with favorable trends for commercial […]
Developers close $30.5M North Miami Beach land deal for The Harbour Developers 13th Floor Investments and Key International just closed on a $30.5 million land deal for their twin-tower condo project dubbed The Harbour in North Miami Beach. The deal covers five acres of land at 16385 Biscayne Boulevard, where the firms… Sabadell Financial Center […]
In the seven days to August 24, 2015, MLS counts 31 new listings for commercial/business/agricultural land, up more than 40% from the level the week ending August 18th which had 22 new listings of this type, and more than double the 14 new Miami-Dade commercial land listings during the week ending August 10th. Worth noting among the new is a Keyes […]
Mega-complex seeks PortMiami land A proposal to put a $240 million maritime center – which would include convention space, a hotel, a yacht marina and related facilities – in the southwest corner of PortMiami could pump $76 million into county coffers in lease payments and taxes over 10 years. Miami-Dade’s Trade… Brickell apartment tower nabs […]
The number of new commercial land MLS listings in Miami-Dade County edged up to 97 in July from 93 in the prior month. As can be seen in the accompanying chart, this level is not far from the high over the past 5 years and 7 months of 110 that was reached in March. Notable among […]
PortMiami Land Once Eyed By Beckham For Soccer Stadium Could Get A Hotel And Convention Center A company is proposing to develop a project called Miami Yacht Harbor at PortMiami, on land where David Beckham wanted to build a soccer stadium. MITC-2015 Inc. is the company that is pushing the proposal. Rene LaComb, who was […]
In the seven days to August 24, 2015, MLS counts 102 new listings for improved commercial/industrial properties within Miami-Dade County, up from 96 new listings in the week ending August 18th. Noteworthy among the listings for the week is a 42 unit multifamily property in Miami’s developmentally active Edgewater area (see demographic and economic data and […]
Construction Watch: Brickell City Centre’s Last Construction Crane has Come Down The last of eleven cranes that graced the construction site of the massive Brickell City Centre megaproject recently came down, according to the developers, representing just how near the interconnected buildings are to being finished. When City Centre broke ground… Semi-Reprieves: Scotty Evicted From […]
The quantity of new listings on MLS within Miami-Dade County for improved commercial properties fell by about 18% from the prior month’s level of 437 to 358. Although this was the 2nd lowest level of new listings in seven months, it was in the middle of a range since mid 2012 of approximately 300 to 450 […]
The number of MLS active commercial improved property listings in zip code 33133, which is the zip code for Miami’s Coconut Grove, has steadily declined since 2012, as can be seen in the accompanying chart. This is counter intuitive given the high level of real estate activity in the area in the past couple of […]
Coral Gables transforming with mixed-use projects Public art, pedestrian-friendly developments, and a booming commercial sector are all part of the future of Coral Gables, commercial real estate experts discussed at a panel on Wednesday. Paseo de la Riviera is among the new projects. The planned, mixed-use development will replace an existing Holiday Inn with a […]
On the Miami-Dade MLS, the number of improved commercial property listings edge down ever so slightly in the month of July to 2,959 from 2,968 in the prior month. As can be seen in the accompanying historical chart, which displays active commercial improved property listings for the 5 years plus 7 months ending July 2015, […]
