October 2015 • Hawkins Commercial Realty

Miami Commercial Real Estate News October 27, 2015

Oct 27, 2015 - Top Stories - 0 Comments - Standard

Transwestern Development Planning Distribution Center In Medley The building, dubbed Airport North Logistics Center, will total 181,420 square feet. Atlantic Pacific Nabs 72 Acres In Broward The developer paid $12.33 million for the two adjacent parcels. Negotiated Sale Of Deerfield Beach Industrial Facility Robertson, who represented the leasing interests for the property on behalf of […]

Miami Commercial Real Estate News October 23, 2015

Oct 23, 2015 - Top Stories - 0 Comments - Standard

Michael Scarpino Reps Landlord In 29,000 SF Lease Deal To Show Cigar, Inc. The new-to-market tenant is relocating from New Castle, Pennsylvania. Company Expands, Relocates HQ And Renames Downtown Fort Lauderdale’s Tower 101 The retailer will relocate its offices from their current location in Plantation to take 52,683 square feet in the Tower 101 building. […]

Miami Commercial Property News October 22, 2015

Oct 22, 2015 - Top Stories - 0 Comments - Standard

CBRE Named Leasing Agent For 200,000 SF Office Portfolio Suburban office markets are reaping the benefits of dwindling supply and rising CBD rates, according to CBRE. Developer Seeks Permission To Build $1B Miami River Complex Could this be Miami’s next hot spot? There’s A New Niche Of Investors Looking At Multifamily Housing They’re not asking […]

Miami Commercial Real Estate News October 21, 2015

Oct 22, 2015 - Top Stories - 0 Comments - Standard

County aid is in fashion for NY couturier Khan Workforce housing is so scarce that Miami commissioners are moving to defer development impact fees. A final vote today (10/22) would stimulate housing for workers vital to any community: police, firefighters, teachers, nurses and service workers.  In a city with skyrocketing housing costs, affordabi… State won’t […]

Miami Commercial Property News October 20, 2015

Oct 20, 2015 - Top Stories - 0 Comments - Standard

Texas REIT Buys Broward Business Park For $75 Million The purchase price represents a 45 percent increase from its last sale in July 2012. \ C&W’s Messinger Inks Major Miami Airport West Lease Deal The deal represents one of the largest lease deals in the county this year. Avison Young Secures 375,000 SF Office Leasing Assignment […]

Yield Curve Quarterly Snapshot – 2015 Q3

Oct 20, 2015 - Economy - 0 Comments - Standard

At the end of the 3rd quarter of 2015, U.S. Treasury yields, on a nominal basis, were essentially unchanged in the shorter maturities versus the quarter prior, while yields for 5-year and longer maturities edged lower by about 25 basis points.  On a real basis, however, these rates were higher, reflecting a lower inflationary environment. […]

Miami Commercial Real Estate News October 19, 2015

Oct 19, 2015 - Top Stories - 0 Comments - Standard

Ad Agencies Ink Deals For 17,000 SF Brenner Real Estate Group’s Adam Starr and Helen Weissman, CCIM independently represented the ad agencies in the deals. New Owner Gaedeke Renames Brickell Landmark As part of the acquisition, Gaedeke was required to rename the 36-story, 266,692-RSF landmark. Canvas Miami: New Renderings and December Groundbreaking Canvas Miami, a […]

Miami Commercial Property News October 16, 2015

Oct 16, 2015 - Top Stories - 0 Comments - Standard

Firm Negotiates 28,000 SF Industrial Lease For CPS Logistics Lucia Custer and Gabriel Garcia-Menocal, SIOR negotiated the 64-month deal. Medley Town Council Lifts Height Restrictions On Commercial Buildings Along with visions of future skyscrapers, there has been talk of adding a large sports arena, a large medical center and a skyrail. Doral: Striking the Urban-Suburban Balance […]

Miami Commercial Property Headlines October 14, 2015

Oct 14, 2015 - Top Stories - 0 Comments - Standard

Walmart Gets Approved For Demolition Permit In Midtown Miami, Construction Permit Pending Walmart appears to be moving forward with plans to build a store in Midtown Miami, despite a pending court case challenging city approval of the store.  The company applied for a phased construction permit to build a foundation last week, city records show. […]

Median Days to Sell Commercial Land Drops in September, in Low End of Range

Oct 13, 2015 - Analysis - 0 Comments - Standard

The median number of days to sell commercial/ business/ agricultural/ industrial land dropped to a near term low in September and is firmly in the low end of a range of the past few years, as can be see in the accompanying chart.  This favorable metric is in line with generally favorable trends in area commercial […]

Miami Commercial Real Estate News October 13, 2015

Oct 13, 2015 - Top Stories - 0 Comments - Standard

Historic building in downtown Coral Gables up for sale   A commercial property in the center of downtown Coral Gables has been listed for sale at $2.6 million, The Real Deal has learned.  The 4,567-square-foot building, which is on the Coral Gables Register of Historic Places, is one block south of Miracle Mile at 2506 […]

Miami Commercial Property News October 12, 2015

Oct 12, 2015 - Top Stories - 0 Comments - Standard

Self-storage complex proposed near Coral Gables A developer plans to build a self-storage complex just north of Coral Gables.  Gables Edge Parks Co. filed an application with Miami-Dade County on Oct. 7 to build a five-story, 73,224-square-foot self-storage facility on 0.8 acres at 4250 S.W. Eighth St. The former trailer park is between Coral Gables […]

NAR Report: 2015 Q4 Commercial Real Estate Outlook

Oct 11, 2015 - Analysis - 0 Comments - Standard

The National Association of Realtors has released its 2015 Q4 Commercial Real Estate Outlook report, offering overall projections for the four major commercial property sectors, office, industrial, retail, and multifamily, and analyzing quarterly data for the same. Highlights of this report include: Continued positive pace for demand for commercial leases in the third quarter of […]

FBF 1946: Remembering the Seahawks, Miami’s First Pro Sports Team (Really)

Oct 09, 2015 - History - 0 Comments - Standard

Apparently, the Miami Seahawks were a professional American football team.  Based in Miami, Florida, they played in the All-America Football Conference in 1946, the league’s inaugural season.  They subsequently folded under mounting debt. They are notable not only as the first major league sports franchise in Miami but also as the state of Florida’s first […]