Search Results for: multifamily

Miami Commercial Real Estate News December 8, 2021: Edgewater Multifamily Sells for $67M, LeJeune Office Buildings for $45M; Arts & Entertainment Block for $105M; More…

Dec 08, 2021 - Top Stories - 0 Comments - Standard

Video: Q4 Multifamily Update with RealPage Senior Manager-Market Analytics Carl Whitaker Given what has been going on in multifamily, this one is must see video. Discussed are southeast markets, concentrating on Florida, noting that something like 9 out of the top 30 markets are in Florida. Addressed in whether the increased demand in Zoom towns […]

Miami Commercial Real Estate News November 24, 2021: Little Havana Multifamily Trades for $105M, Medley Industrial for $9M; Real Estate Issues and Build Back Better; More…

Nov 24, 2021 - Top Stories - 0 Comments - Standard

Ivanhoé Cambridge picks up Little Havana apartment complex for $105M With a $104.8 million purchase, a Canadian real estate development firm is the new owner of the InTown apartment complex in Miami’s Little Havana neighborhood. An affiliate of Ivanhoé Cambridge picked up the two-tower, 15-story multifamily project at 1900 Southwest Eighth Street, according to records. The […]

Video: RealPage Market Analytics Senior Manager Carl Whitaker on Multifamily Opportunities and Forecast

Nov 05, 2021 - Multifamily Property - 0 Comments - Standard

Could central business district multifamily performance be the canary in the coal mine for primary markets? How have eviction moratoriums, rising construction costs, and supply issues impacted the multifamily proeprty market? What should multifamily investors expect in the future for performance and cap rates? These questions and others related to investing in apartment/multifamily properties are […]

Miami Commercial Real Estate News October 27, 2021: Dadeland Multifamily Sells for $114M; Brickell Church Votes to Sell to Developer; More…

Oct 27, 2021 - Top Stories - 0 Comments - Standard

Lerner Acquires Miami Tower for $114M Looking to build up a portfolio of South Florida communities, Lerner Enterprises has acquired a 294-unit high-rise community in Miami. The company purchased Motion at Dadeland from a joint venture led by Adler Group and 13th Floor Investments, in partnership with Barings LLC, for $114 million. Lerner also received […]

Miami Commercial Real Estate News October 6, 2021: Doral Multifamily Sells for $160M, Kendall for $99M; Retailers Signing Leases at Miami Worldcenter; More…

Oct 06, 2021 - Top Stories - 0 Comments - Standard

Three Retailers Sign Leases at $4B Miami Worldcenter Development in Downtown Miami Three retailers have signed leases to join the tenant lineup at Miami Worldcenter, a $4 billion, 27-acre mixed-use development underway in downtown Miami. The three retailers are Sephora, a beauty and make-up retailer; Lucid Motors, an electric car company; and Bowlero, an entertainment […]

Miami Commercial Real Estate News July 14, 2021: Doral Office Property Trades for $96 Million; Palmetto Bay Multifamily Sells for $58 Million; More…

Jul 14, 2021 - Top Stories - 0 Comments - Standard

MG3 Group buys Doral offices for $96 million MG3 REIT bought the Doral Concourse office building for $96 million. The real estate investment trust bought the property at 8400 Northwest 36th Street from a fund managed by DRA Advisors, according to a news release from the seller’s broker. Christian Lee and José Lobón of CBRE […]

Miami Commercial Real Estate News June 16, 2021: Edgewater Developments Aplenty; Miami Shores MXU Breaks Ground as Multifamily Trades; More…

Jun 16, 2021 - Top Stories - 0 Comments - Standard

Fuse Group acquires Security Building in downtown Miami, plans to sue WeWork for alleged lease breach Fuse Group Investment acquired the storied Security Building in downtown Miami and plans to sue WeWork over allegedly vacating its offices in violation of the lease, The Real Deal has learned. The 17-story, historic building at 117 Northeast First […]

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 21, 2021: Two Multifamily Trades Near $100 Mil; Two Industrial Prop Sales Exceed $25 Mil; Miami Attracting Big Tech, NY; More…

Apr 21, 2021 - Top Stories - 0 Comments - Standard

Chart: Miami Commercial Real Estate Sales to List Price Ratio March 2021 The sales to list price ratio as reported by the Miami MLS for improved commercial real estate (MLS classification: commercial/industrial) within Miami-Dade county in Florida priced from $1 million to $10 million in March came up a bit to 93% from 89.5% the […]

Considering Multifamily Construction Costs in Miami

Mar 05, 2021 - Development - 0 Comments - Standard

Finding myself involved in multifamily development deals of late, I tasked myself with updating my general feel for area construction costs of such projects. What I discovered matched all such conversations of late and can be summed in a word; escalating. One conversation was with a principal of a substantial area general contractor. When I […]

Miami Commercial Real Estate News December 23, 2020: Jungle Island Gets SAP Approval; Miami Gardens Multifamily Trades for $78 Million; More…

Dec 23, 2020 - Top Stories - 0 Comments - Standard

Greenstone pays $78M for Miami Gardens apartments A New York real estate investment company paid $78 million for a 491-unit multifamily complex in Miami Gardens. Greenstone Property Group bought the property, called Lake House Apartments, at 2545 Northwest 207th Street, according to a press release. That equates to about $159,000 a unit. Ytech, a Miami-based […]

Sky Kennels: Mounting Sanitation and Noise Issues for Pet Friendly High-Rise Multifamily Properties

Dec 02, 2020 - Development - 0 Comments - Standard

Downtown America is Becoming an Open Sewer as Dog Populations Multiply in Multifamily Towers As Americans have been moving back to the central business districts of its cities, a situation has been developing that has gone largely unnoticed except by those affected; downtown America is becoming an open sewer. In downtown areas it has become […]

Miami Commercial Real Estate News August 26, 2020: Edgewater’s Hamilton Multifamily Sells; Miami Beach Endorses 250-Story Aman Tower; More…

Aug 26, 2020 - Top Stories - 0 Comments - Standard

Despite mounting opposition, Miami Beach board endorses taller Aman tower Developers Vlad Doronin and Len Blavatnik can now go to the Miami Beach City Commission with proposed legislation that would allow them to build a 250-foot tall tower on the site of the Versailles building in the Faena District. The billionaire developers face mounting opposition […]

Miami Commercial Real Estate News July 22, 2020: Multifamily Near Airport, Miami Beach’s Paris Theater, Dev Site at Miami Worldcenter Trade; Office Market Evolving; More…

Jul 22, 2020 - Top Stories - 0 Comments - Standard

Parkway, KKR Complete $10M Renovation of Brickell Miami Office Tower, Sign Three Retail Tenants Parkway Real Estate Services LLC and joint venture partner KKR have completed their $10 million renovation of Sabadell Financial Center, a 30-story, 524,000-square-foot office tower at 1111 Brickell Avenue. The waterfront property overlooks Biscayne Bay. Parkway Real Estate and KKR acquired […]

Miami Commercial Real Estate News July 8, 2020: Industrial Freezer Trades for $13 Mil; Chapter 11 for Brooks Brothers as AMC Avoids; 12-Story Multifamily to be Built in Wynwood; More…

Jul 08, 2020 - Top Stories - 0 Comments - Standard

Ivy Realty snags industrial freezer in Miami for $13M Ivy Realty snagged an 80,000-square-foot industrial freezer facility in north Miami-Dade County for $13.25 million. Montvale, New Jersey-based Ivy Realty bought the property at 650 Northeast 185th Street in Miami for $165 per square foot, according to a press release. The seller, Best Freezer Holdings LLC, […]