Category: Top Stories

Miami Commercial Real Estate News March 3, 2021: Ground Broken for Coconut Grove MXU TOD; City Commission Approves Zoning Change for Jungle Island; More…

Mar 03, 2021 - Top Stories - 0 Comments - Standard

Terra, Grass River Break Ground on Grove Central Mixed-Use Project in Miami Terra and Grass River Property Co. have broken ground on a new mixed-use project in Miami called Grove Central. Located at 2780 SW 27th Court, the transit-oriented development will include a new 23-story residential tower comprising 402 market-rate, workforce and co-living units; a […]

Miami Commercial Real Estate News February 24, 2021: Target Signs at CentroCity; Southland Mall Seized by Lender; Miami Beach Hotel Trades; More…

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

Target Signs 77,000 SF Lease with Terra for CentroCity Mixed-Use Development in Miami Target has signed a 77,000-square-foot lease as part of Terra’s CentroCity mixed-use redevelopment located at 3825 NW 7th Street in Miami. Construction is expected to start this summer. Arquitectonica and RSP Architects are designing CentroCity. As part of the CentroCity project, Terra […]

Miami Commercial Real Estate News February 17, 2021: Metronomic Auction Bids Due; Aman Hotel & Residences Project Snags Key Approval; More…

Feb 17, 2021 - Top Stories - 0 Comments - Standard

Video: Integra Realty Resources’ Viewpoint 2021; Economic Outlook, Capital Markets, and Interest Rates Anthony Graziano, the CEO of Integra Realty Resources, which bills itself as a world-class, comprehensive commercial real estate market research, valuation, and advisory services company, joins America’s Commercial Real Estate Show to discuss his company’s Viewpoint 2021 report. He talks about the […]

Miami Commercial Real Estate News February 10, 2021: Former Pepsico Site Trades for $55 Million, 45 Acre Development Site for $53.5 Million; More…

Feb 10, 2021 - Top Stories - 0 Comments - Standard

Sale of Monty’s Coconut Grove Mixed-Use Marina in Miami Arranged JLL Capital Markets has arranged the sale of Monty’s Coconut Grove, a fully leased mixed-use marina in Miami’s Coconut Grove neighborhood. Also known as Bayshore Landing, the property features retail, office and restaurant. Manny de Zárraga, Luis Castillo, Ted Taylor and Kim Flores of JLL […]

Miami Commercial Real Estate News February 3, 2021: Big Tech, Wall Street Head to South Florida; Miami Lakes Industrial Sells for $18 Million; More…

Feb 03, 2021 - Top Stories - 0 Comments - Standard

New York Real Estate Developers Flock to Miami as the Big Apple Struggles New York families are not the only ones migrating to Florida in search of lower taxes, a better quality of life and year-round warm weather. Since the onset of the pandemic, a growing number of New York real estate developers have been […]

Miami Commercial Real Estate News January 27, 2021: Downtown 64-Story MXU Lands Financing as Building Renovated by WeWork Faces Foreclosure; More…

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

Make-A-Wish pays $8M for Overtown dev site The South Florida branch of nonprofit Make-A-Wish paid about $8 million for 1.6 acres of land in Miami’s Overtown neighborhood. Make-A-Wish bought the land at 350 Northwest Sixth Street, according to a press release. The nonprofit plans to build the 30,000-square-foot Finker-Frenkel House for administrative offices, donor events […]

Miami Commercial Real Estate News January 20, 2021: How Miami is Recruiting Tech & Finance Firms; Retail Rent Collection Back to 90%; More…

Jan 20, 2021 - Top Stories - 0 Comments - Standard

Atlanta Fed: Beige Book Finds Scattered Bright Spots amid Pandemic Economy Economic conditions in the Southeast continue to be shaped by the COVID-19 pandemic, as overall activity expanded modestly and scattered bright spots emerged from mid-November through December, according to the latest Beige Book report of economic conditions from the Federal Reserve Bank of Atlanta. Labor […]

Miami Commercial Real Estate News January 13, 2021: Hialeah Warehouses Sell for $108 Mil, Homestead MF for $67 Mil; South Miami Medical Property for $37 Million; More…

Jan 13, 2021 - Top Stories - 0 Comments - Standard

CenterPoint pays $184M for warehouses at Hialeah business park CenterPoint Properties Trust continued its buying spree at a Hialeah business park. The Oakbrook, Illinois-based industrial real estate developer and manager paid $184.4 million for two warehouses and land at and near 4040 West 108th Street, inside Countyline Corporate Park, according to records. The seller is […]

Miami Commercial Real Estate News January 6, 2021: Blackstone Leases at MiamiCentral; Sunset Shoppes, Midtown Miami Apartments, Costco Owned Dev Site Trade; More…

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

Magellan sells Midtown Miami apartments for $154M Magellan Development Group sold its 400-unit Midtown Miami apartment tower for $154.35 million. The Chicago-based developer sold the 26-story tower, called Midtown Five, near the intersection of First Avenue and 32nd Street at 125 NE 32 Street, according to records. The buyer is an affiliate of Sterling Equities. […]

Miami Commercial Real Estate News December 30, 2020: TA Buys Industrial Properties Back; 2020’s Biggest Office, Industrial Leases, Lawsuits; More…

Dec 30, 2020 - Top Stories - 0 Comments - Standard

TA Realty buys back industrial property in Hialeah as part of $52M deal TA Realty bought back pieces of an industrial portfolio in Hialeah in a deal totaling $52 million. Cofe Properties sold the assemblage of more than 40 parcels at and near 2500 West 84th Street, 1604 West 31st Place and 2440 West Eighth […]

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 […]

Miami Commercial Real Estate News December 16, 2020: Ocean Drive Assemblage Hits Market; A-Rod Leads $650 Million Hotel Fund; Miami Gardens Industrial Trades; More…

Dec 16, 2020 - Top Stories - 0 Comments - Standard

Royal Palm Buys Parcel at Miami Worldcenter for $33.9M, Plans to Develop Mixed-Use Tower Royal Palm Cos. (RPC) will develop Legacy Hotel & Residences, a 50-story mixed-use building featuring 256 hotel rooms and 274 apartment units, within Miami Worldcenter. The master developer of Miami Worldcenter, Miami World Center Associates, sold the 1.5-acre plot to RPC […]

Miami Commercial Real Estate News December 9, 2020: Bank Secures New Doral HQ; Bulgari Plans First US Hotel for Miami Beach; Wynwood Assemblage Grows; More…

Dec 09, 2020 - Top Stories - 0 Comments - Standard

Banesco USA pays $12 million for new HQ in Doral Banesco USA is moving headquarters but the bank is going very far. The company, which has been based in Coral Gables, paid $11.95 million for a new HQ in Doral. Banesco USA purchased the 59,140-square-foot building at 3155 Northwest 77th Avenue from Windhaven Insurance Company, […]

Miami Commercial Real Estate News December 2, 2020: Land for Brickell Development Trades for $24 Million; Black Friday Retail Foot Traffic Tanks; More…

Dec 02, 2020 - Top Stories - 0 Comments - Standard

Michael Stern pays $24M for future site of 62-story Brickell tower Developer Michael Stern closed on an assemblage of properties in Miami’s Brickell neighborhood where he plans to build a 62-story tower, The Real Deal has learned.  Stern, who leads New York-based JDS Development Group, paid $9 million for property at 191 Southwest 12th Street. […]

Miami Commercial Real Estate News November 25, 2020: Delano South Beach Trades; PortMiami Sets Cargo Record; 312K sf Industrial Development Breaks Ground; More…

Nov 25, 2020 - Top Stories - 0 Comments - Standard

Despite pandemic, PortMiami sets all-time cargo record PortMiami just posted the biggest import-export numbers in its 80-plus-year history, new Miami-Dade County figures show, exceeding its prior record by 1.5% despite the difficulties that come with operating under coronavirus conditions. The port processed 107,088 twenty-foot equivalent units of cargo in October compared to 105,573 in 2019, […]

Miami Commercial Real Estate News November 18, 2020: Brightline Pack has Wynwood Station; Miami Lakes Industrial Trades for $15 Million; More…

Nov 18, 2020 - Top Stories - 0 Comments - Standard

Melo Group Tops Off Miami Twin Towers Downtown 5th, a downtown Miami mixed-use multifamily property with 1,042 units planned for two 52-story buildings, is moving closer to completion as construction crews have topped off the East Tower and expect to top off the West Tower later this month. Developer Melo Group expects construction to be […]