Having recently run into a situation where a Miami office building seemed to be classified lower than it actually is, we wondered what the financial impact of this, in rental rates, might be. To get a feel for this, we evaluated average asking gross asking rent per square foot for office properties in Miami-Dade county […]
Miami real estate players welcome Trump presidency As South Florida dealt with the stunning results of the presidential election, Miami’s real estate industry looked toward the future, mostly with optimism. For developers and brokers, a Donald Trump presidency is good for business, they told The Real Deal. Developer Jules Trump sees a the president-elect as […]
For commercial property of all types in Miami’s zip code 33186, the top buyers as listed by Costar on November 14, 2016 included: Starwood Capital Group, Deutsche Bank AG; Grand Peaks Properties; Woolbright Development, Inc.; Lowe’s Companies, Inc.; Dade Jeep Chrysler Dodge Inc.; The Simon Konover Company; Leon Medical Centers; Costco Wholesale Corporation; Universal Properties Management […]
Financing set to bring Tri-Rail trains into MiamiCentral Station The last piece of the financing puzzle to bring Tri-Rail trains into MiamiCentral Station next year fell into place Oct. 31 when directors of the Southeast Overtown/Park West Community Redevelopment Agency agreed to fund $17.5 million of the project. The agency had previously pledged that amount… […]
For commercial property of all types in Miami’s zip code 33179, the top buyers as listed by Costar on November 10, 2016 included: Robert Miller; The Backer Group LLC; Oded Meltzer; 3T Equity Partners; Triarch Capital Group, LLC; Bristol Group, Inc.; CFH Group; Iglesia Cristiana Senales de Vida Inc.; Advenir, Inc.; The Expansion Group Inc. […]
What land is worth, or more frequently, what the land under an existing structure is worth, is a common topic that comes up in the discussion of commercial real estate. Each parcel is, of course, unique. One variable that can be considered, however, is zoning. In the accompanying chart, we have identified the average and […]
Developer submits plans for mixed-use project on US 1 in Coconut Grove The private developer of a piece of county-owned land on South Dixie Highway in Coconut Grove has submitted plans for a mixed-use apartment project on the site. Platform 3750 LLC submitted plans for an eight- and five-story building with 192 workforce and market-rate […]
Above is a color coded chart of vacant land sales per square foot (view per acre here) in Miami-Dade for the 2 years ending October 31, 2015. This was prepared using data from Costar, and only includes sales over $1 million. Click the full screen icon in the upper right to open this is […]
PortMiami Awarded $33M In Improvement Grants The State of Florida has awarded PortMiami $33 million in grants to be used for port improvements in the next five years. Such improvements are deemed necessary as the effects of the Panama Canal expansion start being felt with the arrivals of ever larger ships. PortMiami is the US […]
Melo Group Breaks Ground on Square Station Apts Continuing to tap into growing demand for urban living in Miami’s downtown core is The Melo Group, which has broken ground on the Square Station apartments at 1424 NE Miami Pl. in the Media & Entertainment District of Miami-Dade County. BB&T provided a new $103 million construction […]
