In the week to September 21, 2015, MLS counts 29 new listings for commercial/business/agricultural/ industrial land, up from 20 in the prior week ending September 21st. Notable among this week’s listings is a 35,300 sf lot in the Arts & Entertainment District with an asking price of $12,355,000. Seventeen commercial land (commercial, business, agricultural, industrial land) already listed had […]
In this video from 2014, a panel consisting of Avra Jain of the the Vagabond Group, Jodi McLean of Edens, and Vincent Signorello of Florida East Coast Industries discuss South Florida commercial real estate.
Car wash owner cleans up with $12 million sale The owner of a North Miami Beach car wash is awash in cash after selling the property for a clean $12 million. Master Carwash LLC, managed by Edgar Halac in Miami, sold the car wash at 15180, 15200 and 15203 Biscayne Blvd. to North Miami Beach-based […]
New listings for commercial/ business/ agricultural/ industrial/ land dipped from 97 in the prior month to 89 in August. This level remains, however, elevated relative to levels in prior periods, as can be seen in the accompanying chart. It is considerably higher than recent dips to the mid 60s in recent months, and is higher […]
Related Group, Allen Morris nab $166M construction loan for SLS LUX Brickell Co-developers the Related Group and the Allen Morris Co. obtained a $166.1 million construction loan for their SLS LUX Brickell Hotel & Residences in Miami. Located at 801 South Miami Avenue in the city’s financial district, the project broke ground in December 2014 […]
In the seven days to September 28, 2015, MLS shows 69 new listings for improved commercial/industrial properties within Miami-Dade County, down somewhat from 90 in the prior week ending September 21st. Notable among the listings is the former Parkway Medical Center, an 11 story vacant building in Miami Gardens with an asking price of $7 million. […]
Aventura Office Building Goes On the Market With an overall submarket occupancy of 94%, the property offers significant upside potential as a result of recent renovations. Commercial Real Estate National News Roundup for September 28, 2015 Riding a grocery cart to riches, a $1 trillion milestone in multifamily, a Japanese history lesson, and Fannie […]
The closing price to listing price ratio for commercial/ business/ agricultural/ industrial land, for those transactions recorded in MLS, edged down in August to 85.5% from 88.8% in the prior month and 93.5% in the month before that. Considered over a longer period, this ratio falls more in the middle of a range since early […]
Cambria hotel with 165 rooms planned for North Miami Beach Choice Hotels International Inc. has signed an agreement with local developers to build a Cambria hotel in North Miami Beach by 2017. The Maryland-based hospitality corporation (NYSE: CHH) entered into a franchise agreement with CGI Merchant Group and another company identifying itself as 163rd Executive […]
The number of new commercial improved property listings in August dipped a bit from the prior month to 367 (from 373). This level, however, remains consistent with a general upward trend in this metric, as such new listings have steadily risen from just over 200 monthly in early 2010 to around 300 a couple of […]
Key Biscayne office building trades for $21 million Blue Jay Capital Principal Eric Soulavy just became his own landlord by purchasing a Key Biscayne office building for $20.75 million. Key Biscayne Properties, an affiliate of Beverly Hills, California-based Platinum Equity, sold the 52,004-square-foot office building to 240 Crandon Investments, managed by Soulavy. Miami-based… Last […]
In the week to September 21, 2015, MLS counts a 20 new listings for commercial/business/agricultural/ industrial land, a low number, but up slightly from the prior week ending September 14th which had a rather paltry 16 new such listings. Notable among this week’s listings is a set of 3 adjacent lots on NE 34th Street with T6-36 zoning and […]
Thor Equities buys an entire block in Wynwood for $41.5M Thor Equities just paid $41.5 million for more than an entire block in Wynwood, a missing piece that gives it one square block and marks the largest deal ever in the red-hot Miami neighborhood, The Real Deal has learned. New York-based Thor… Across From The […]
Days to sell commercial improved property in Miami-Dade, where recorded in MLS, remained low in August as it dipped from an already low 110 to 104. This is not as low as the 79 level reached years prior, or the 83 days reached this past June, but nevertheless remains around a low “more or less 100 […]
Miami Worldcenter Files Plans To Build U-Haul Surface Parking Lot Miami First, LLC, a Worldcenter affiliate, submitted plans late last month to build an ‘outdoor vehicle storage facility’ for U-Haul. The surface parking lot will be built at 1001 N Miami Ave, next to U-Haul’s existing facility. Nearly 50 trucks will be parked on the […]
In the seven days to September 21, 2015, MLS shows 90 new listings for improved commercial/industrial properties within Miami-Dade County, up a bit from 83 the prior week ending September 14th. Notable among the listings is Miami Design District trophy property with an asking price of $11 million. In addition to the 90 new improved commercial […]
