Search Results for: Codina

Miami Commercial Real Estate News March 20, 2024: Condo Termination Ruling Puts Buyouts in Limbo; Adam Neumann’s Plans at Miami Worldcenter; More…

Mar 20, 2024 - Top Stories - 0 Comments - Standard

WeDevelop: Here are Adam Neumann’s plans at Miami Worldcenter Flow, the apartment startup founded by billionaire Adam Neumann and backed by venture capital firm Andreessen Horowitz, has three projects in various stages of development at Miami Worldcenter. The buildings are valued at about $450 million, according to a source. Neumann’s purchases at Miami Worldcenter date back […]

Miami Commercial Real Estate News January 31, 2024: $82M Miami Beach Office Sale Collapses; 806 Unit MF Planned Near Douglas Metrorail; LA Fitness Building Trades for $15M; More…

Jan 31, 2024 - Top Stories - 0 Comments - Standard

Nightingale’s $82M Miami Beach Office Sale Collapses In Flurry Of Lawsuits The planned $82M sale of a Miami Beach office building owned by Nightingale Properties has failed to close, sparking a court battle between the embattled developer and the planned buyers. The dispute rose to the surface just as CEO Elie Schwartz began repaying $53M in […]

Miami Commercial Real Estate News January 3, 2024: Hialeah Industrial Sold to Mormon Church for $174M; Doral Office Trades for $29M, Self-Storage Near Aventura for $20M; More…

Jan 03, 2024 - Top Stories - 0 Comments - Standard

Mormon church’s real estate arm drops $174M for Beacon industrial park in Hialeah The Church of Jesus Christ of Latter-day Saints’ commercial real estate arm dropped $174.3 million for the Beacon Logistics Park in Hialeah. Property Reserve, which invests the LDS church’s reserve funds, bought the majority of the 1.3 million-square-foot industrial campus on the northeast […]

Miami Commercial Real Estate News November 22, 2023: Miami Beach Hotel Dev Site Trades for $27M; UDRB Approves 324-Unit Project in Edgewater; More…

Nov 22, 2023 - Top Stories - 0 Comments - Standard

Holidays Network pays $27M for Miami Beach hotel development site Holidays Network Group paid $27 million for a Miami Beach redevelopment site that has approvals for a 107-room hotel. An affiliate of Winter Park, Florida-based Holidays Network acquired an 88-unit apartment complex at 2618 Collins Avenue, records and Vizzda show. The firm obtained a $35.3 million […]

Miami Commercial Real Estate News May 31, 2023: E11even Snags $262M Construction Loan, Expands Project; Miami & Miami Beach 2023 Q1 CRE Sales Decline; More…

May 31, 2023 - Top Stories - 0 Comments - Standard

PMG, E11even Partners score $262M construction loan, expand project The developers of two E11even-branded condo towers in downtown Miami closed on a $262 million construction loan for the second planned high-rise and expanded its size, The Real Deal has learned. New York and Miami-based Property Markets Group, and E11even Partners, led by Marc Roberts and Michael […]

Miami Commercial Real Estate News May 24, 2023: Miami River Hyatt Supertall Renderings; Museum Tower Sells for $74M; 3 Towers Approved as More Proposed; More…

May 24, 2023 - Top Stories - 0 Comments - Standard

Potential Brickell Key Supertall Exempted From UDRB Review A new development on Brickell Key would not need to have a hearing before Miami’s Urban Development Review Board, according to a letter issued by Miami’s Department of Zoning. The Department of Zoning letter was issued in February 2022 to a Greenberg Traurig land use attorney, who […]

Miami Commercial Real Estate News March 22, 2023: Fed Raises Rate; 512-Unit MF Proposed for Princeton; Three Rental, Condo Projects Approved; $500M Offered for Aging Waterfront Condo; More…

Mar 22, 2023 - Top Stories - 0 Comments - Standard

Federal Reserve raises interest rates by a quarter point, keeping inflation in crosshairs The Federal Reserve is raising its key interest rate by 0.25%, continuing on its crusade against inflation while warning that recent instability in the banking sector could weigh on the economy. In announcing their ninth consecutive rate hike — which increases the benchmark […]

Miami Commercial Real Estate News December 28, 2022: Pinecrest Retail Trades for $71M, Little Havana Multifamily for $31M, Trio of Walgreen’s for $34M; More…

Dec 28, 2022 - Top Stories - 0 Comments - Standard

MetLife sells Pinecrest shopping center to Miami JV for $71M After keeping it on its books for nearly 30 years, Metropolitan Life Insurance has sold a Pinecrest shopping center to a Miami-based joint venture for $70.5 million. An affiliate of Ibrahim Al-Rashid’s Limestone Asset Management and Joseph Sanz’ Orion Real Estate Group picked up the […]

Miami Commercial Real Estate News December 21, 2022: 4M sf $1B Riverfront Dev Breaks Ground; 55-Story Brickell Office Full Before Completion; Biggest Deals of 2022; More…

Dec 21, 2022 - Top Stories - 0 Comments - Standard

Chetrit Group to Transform Miami River Waterfront with 4M-SF of Residence, Office, Retail, Hospitality New York based developer Chetrit Group, a privately held real estate development company, has begun its transformation of six acres of Miami River waterfront located between I-95, Southwest Second Avenue and Jose Marti Park in Miami, FL. When fully completed in 2026, […]

Miami Commercial Real Estate News September 28, 2022: Three Miami Beach Hotels Trade for $100M; Brickell City Center Mega Tower Approved; More…

Sep 28, 2022 - Top Stories - 0 Comments - Standard

Baptist Health sells Doral data facility for $34M American Tower, a global communications infrastructure real estate investment trust, bought a data center in Doral from Baptist Health South Florida for $34 million. Records show American Tower bought the data center at 2100 Northwest 84th Avenue from Miami-based Baptist via a Delaware LLC. American Tower is […]

Miami Commercial Real Estate News August 3, 2022: South Beach WeWork Location Sells for $37M, Little Haiti Retail for $17M; Citadel Takes 95K sf at 830 Brickell; More…

Aug 03, 2022 - Top Stories - 0 Comments - Standard

Industrial rents keep climbing, as vacancies drop in South Florida Inflation? Recession? Pfft. South Florida’s industrial market hasn’t slowed down, as super low vacancy rates continue driving rents to new heights. In the second quarter, industrial landlords in Miami-Dade County increased asking rents by more than $1, compared to the same period last year, while Broward […]

Miami Commercial Real Estate News July 13, 2022: Mary Brickell Village Shops Trades for $216M; 593 Unit MF on River Planned; More…

Jul 13, 2022 - Top Stories - 0 Comments - Standard

RPT Realty buys Shops at Mary Brickell Village for $216M RPT Realty picked up the Shops at Mary Brickell Village for $216 million, marking the latest major real estate deal in the Miami neighborhood. New York-based RPT Realty, through an affiliate, bought the retail at 900 and 901 South Miami Avenue, as well as at […]

Miami Commercial Real Estate News June 29, 2022: Citadel Moving to Miami, Seen Behind $363M Land Purchase; Calder’s Horse Track Sold for $287M; More…

Jun 29, 2022 - Top Stories - 0 Comments - Standard

Griffin’s Citadel seen behind record $363 million Miami land purchase Ken Griffin’s plans to shift Citadel’s headquarters to Miami from Chicago gained momentum months ago with a record-breaking acquisition on the South Florida waterfront. Griffin and his company were behind the $363 million purchase of a 2.5-acre vacant site at 1201 Brickell Bay Drive, according to […]

Miami Commercial Real Estate News February 9, 2022: Hialeah Industrial Development Site Trades for $29M, Miami Beach’s Sixty Six Condo-Hotel for $24M; More…

Feb 09, 2022 - Top Stories - 0 Comments - Standard

Greg Mirmelli picks up Collins Avenue property after flipping nearby building Miami Beach investor Greg Mirmelli purchased a retail property on Collins Avenue that he eventually hopes to redevelop into a high-end residential project, The Real Deal has learned. Mirmelli said he paid about $6.5 million for the building at 600 Collins Avenue in South […]

Miami Commercial Real Estate News May 19, 2021: Nissan Dealer Buys Doral Property; Multifamily Developer Secures Little Havana Assemblage; More…

May 19, 2021 - Top Stories - 0 Comments - Standard

Bill Seidle’s Nissan dealership buys Doral building for $16M A Nissan dealership bought a Doral building where it operates its service center for $16 million. An affiliate of Bill Seidle’s Nissan, which sells and repairs vehicles, bought the property at 10688 Northwest 12th Street from The Miami International Grantor Trust, according to public records. The […]

Miami Commercial Real Estate News April 28, 2021: 452-Unit MF Trades for 96.6M; Governor Signs Bill Reducing CRE Lease Sales Tax; Office Market Heating Up; More…

Apr 28, 2021 - Top Stories - 0 Comments - Standard

MG3 Group sells Florida charter school portfolio including Everglades Prep in Homestead for $242M An Aventura-based charter school developer sold two South Florida campuses for $78.1 million, as part of a $242 million portfolio deal for eight schools throughout the state. MG3 Group, led by Marcelo Saiegh, Hernan Leonoff and Gustavo Bogomolni, sold the schools […]