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April 22, 2015 Miami Commercial Real Estate News

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Arrested Development: Blaming the cancelation on delays…

Blaming the cancellation on delays caused by a legal dispute with a neighboring landowner in which they eventually won, Ion East Edgewater is no longer being built as a condo tower. Its developers, Sakor Development, are instead planning a mixed-use…

Renovations: The Bass Museum Will Lose its Monumental Ramp in Expansion

The Bass Museum of Art has released plans to expand by Arata Isozaki and David Gauld, the same team that designed the museum’s last expansion between 1998 and 2002. The design fills in two of the museum’s exterior spaces—a courtyard often used for parties, and a dramatic patio area under…

Love Boat: Already the busiest cruise ship…

Already the busiest cruise ship port in the world, PortMiami is getting busier and busier with perhaps “three or four” new cruise ships in talks to call it home. Two more terminals may be coming too.

Dig This: The Panama Canal Is About To Get Busy

The 48-mile-long waterway that cuts across “the backbone of the Western Hemisphere” is going through the final year of a $5 billion dollar massive expansion that has also energized ports from Miami to Boston.

Atlantic Pacific Companies to expand SoFla management portfolio

Atlantic | Pacific Companies is expanding its portfolio in South Florida by 2,000 residential units, the company announced on Wednesday.  Atlantic | Pacific’s property leasing and condo association management division added properties in Brickell, the Miami Design District…

Update: Baywood Hotels paid $10.5M for closed Keys resort

The Florida Keys resort that recently traded hands between real estate heavyweight Peebles Corporation and Baywood Hotels was purchased for $10.5 million, according to Monroe County property records.  Peebles had purchased the 80-room hotel in…

Bonjour, Miami: French sister restaurant of Zuma and Coya to open next

Arjun Waney, the London-based co-owner of uber-popular Zuma — and the recently opened Coya — is planning to bring another of his international dining hotspots to the Brickell Corridor, The Real Deal has learned.  La Petite…

Terreno Realty, Fairchild Partners negotiate 300K sf lease

A custom retail fixture manufacturer and distributor signed a lease for more than 300,000 square feet in Hialeah, according to a press release.  Banah International Group was the building’s former tenant. The sugar company declared…

Japanese restaurant to make US debut in Miami Beach

Soho Bay, a Japanese restaurant chain that originated in Brazil, is making Miami Beach the home of its first location in the U.S.  Located at 520 West Avenue, the 12,000-square-foot restaurant will have indoor and outdoor seating for…

Fort Lauderdale-based Stiles announces change in leadership

Real estate development firm Stiles Corp. is changing its leadership succession plan, the company announced on Wednesday.  The roles of chairman and CEO will be separated over the next two years, according to a press release. Ken Stiles will replace his father, current…

Ion East Edgewater developer ditches condo plan, switches to mixed-use

The developer of the Ion East Edgewater has scuttled plans to develop the 36-story condo tower at 2701 Biscayne Boulevard, The Real Deal has confirmed.  In a company statement provided to TRD, Sakor Development said it is reevaluating, due to delays cause…

Miami’s CBC Hires Heavy Hitter

Find out who Coldwell Banker Commercial (CBC) Alliance just hired as an executive managing director and what he sees in Miami’s office market.

New Green Buildings in Miami

Rising sea levels around South Florida are probably the most important issue facing our megalopolis right now. To counter the deluge— literally and metaphorically speaking—and to respond to consumers’ demand for environmentally sensitive enterprises, developers are employing smart, new construction…

How Miami Beach is Fighting Climate Change

“Miami ranks number one in terms of vulnerability to sea-level rise associated with climate change,” says Ben Kirtman, professor of atmospheric sciences at University of Miami’s Rosenstiel School of Marine and Atmospheric Science. The US National Climate Assessment, put together by government agencies such as NASA…

Federal lawsuit calls All Aboard Florida funding “plainly unlawful”

Indian River County filed a federal lawsuit Tuesday challenging the approval of $1.75 billion in tax exempt bonds for All Aboard Florida, calling the award “plainly unlawful.”

Whats in a name?: In 1897 a flyer is…

In 1897 a flyer is sent to farmers in Sweden promoting a development in South Florida known as ‘Halland’, which was being sold by a man named Luther Halland. Some farmers do arrive establishing a Swedish colony, and that’s how Hallandale Beach was born.