Category: Top Stories

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, […]

Miami Commercial Real Estate News July 1, 2020: Wynwood Co-Living Project Approved; Prominent Developer Civil Trial This Week; More…

Jul 01, 2020 - Top Stories - 0 Comments - Standard

East End Capital scores approval for co-living project in Wynwood Foyer Wynwood and Jonathon Yormak East End Capital secured approval for a co-living development in Wynwood. The Miami Urban Development Review Board this week approved Foyer Wynwood, a 12-story, 236-unit project on North Miami Avenue, between 24th and 25th streets, according to a press release. […]

Miami Commercial Real Estate News June 24, 2020: Renowned NY Developer Plans MXU for Wynwood; CCIM Chief Econ on Economy, CRE; More…

Jun 24, 2020 - Top Stories - 0 Comments - Standard

Video: CCIM Chief Economist K.C. Conway on What to Expect Moving Forward for the Economy, Commercial Real Estate In this two part video series, CCIM Chief Economist K.C. Conway, CCIM, MAI, CRE, joins the host of America’s Commercial Real Estate Show to discuss what to expect move forward. Among the discussions expectations for jobs, property […]

Miami Commercial Real Estate News June 17, 2020: American Dream Miami Mega Mall Progressing; Beckham Stadium Developers Propose Rezoning; More…

Jun 17, 2020 - Top Stories - 0 Comments - Standard

Triple Five “inching closer” to construction on American Dream Miami Triple Five Group is still planning to move forward with its American Dream mega mall in Miami-Dade, even as the Canadian development group is staring down billions of dollars of debt payments for its other malls. Triple Five, led by the Ghermezian family, completed a […]

Miami Commercial Real Estate News June 10, 2020: Closed CRE Sales & Sales to List Price Charts; Medley Warehouses Trade for $27 Million; Retail Woes Continue; More…

Jun 10, 2020 - Top Stories - 0 Comments - Standard

Brookfield pays $27 million for Medley warehouses Brookfield Property Partners is increasing its presence in South Florida’s booming industrial market. The real estate arm of the Toronto-based asset manager purchased two industrial warehouses at 10800 Northwest 92nd Terrace in Medley for $26.9 million, records show. Oviedo, Florida-based A. Duda & Sons sold the warehouses. The […]

Miami Commercial Real Estate News June 3, 2020: 266K Hialeah Gardens Industrial to be Developed; AMC Theaters on the Ropes; The Fed on CRE; More…

Jun 03, 2020 - Top Stories - 0 Comments - Standard

Easton Group to Develop 266,000 SF Warehouse In Hialeah Gardens Easton Group will develop a 266,000-square-foot warehouse in Hialeah Gardens near Miami. An affiliate of Easton acquired an 8.5-acre site for $8.2 million. In September, a different Easton affiliate bought an adjacent 8.5-acre site for $5.6 million. Easton will develop the 266,000-square-foot property across the […]

Miami Commercial Real Estate News May 27, 2020: Coral Gables Whole Foods Anchored Mixed Use Trades; Virgin Trains Seeks to Add 5 Stations; More…

May 27, 2020 - Top Stories - 0 Comments - Standard

Virgin Trains seeks $350M to build five stations in Miami-Dade Virgin Trains is proposing a major expansion of the commuter rail service, funded mostly by Miami-Dade County. Virgin Trains USA is seeking $350 million from the county to build up to five train platforms between downtown Miami and Aventura, as well as related infrastructure that would […]

Miami Commercial Real Estate News May 20, 2020: Strength in Industrial; Pier 1 Shuttering; More…

May 20, 2020 - Top Stories - 0 Comments - Standard

Miami-Dade County’s Industrial Market Sees Healthy Activity Amid COVID-19 Headwinds The Miami-Dade industrial market saw a prolific year in 2019, followed by a healthy, yet slower first quarter in 2020. PortMiami’s record-shattering fiscal year 2019, with cargo operations posting 1.1 million twenty-foot equivalent units (TEUs) and cruise passengers totaling a world’s best 6.8 million passenger total, […]

Miami Commercial Real Estate News May 13, 2020: Wynwood Assemblage Secured; 636-Unit Self-Storage Trades; Aventura MXU Breaks Ground; O2 for Hotels; More…

May 13, 2020 - Top Stories - 0 Comments - Standard

636-Unit Self-Storage Property in Miami Trades JLL has arranged the sale of 21st Century Self Storage, a 636-unit facility in Miami. The 37,242-square-foot asset features climate-controlled units and 26 parking spaces. The building was originally constructed in the 1950s and was converted to self-storage in 2003. The building is located at 200 NW 79th Street […]

View of downtown Miami from Key Biscayne Bridge

Miami Commercial Real Estate News May 6, 2020: Glimpses of Improvement; McArthur Dairy, Little River Self-Storage Sell; Retail Pain Persists; More…

May 06, 2020 - Top Stories - 0 Comments - Standard

Fortune and Château score $119 million refi for Sunny Isles condo project Fortune International Group and Château Group scored $119 million in refinancing from Bank OZK for their planned La Playa de Varadero condo development in Sunny Isles Beach. The developers are planning to build two 56-story condo towers on the vacant site at 18801 […]

Miami Commercial Real Estate News April 29, 2020: Salmon Farm Snags $210M Loan; New Owner for China City’s Dev Site; CMX Cinemas Travails; More…

Apr 29, 2020 - Top Stories - 0 Comments - Standard

Homestead salmon farm reels in $210M construction loan An under-construction salmon farm in Homestead just reeled in $210 million in refinancing. Atlantic Sapphire secured the construction loan for the four-phased development at 22275 Southwest 272nd Street from DNB Bank, according to a spokesperson for Holland & Knight. Attorneys Alberto Hernandez and Elena Otero and associates […]

Miami Commercial Real Estate News April 22, 2020: COVID-19, Woes for Retail & Lodging, Navigating; MIA Gets $207 Million; More…

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

Retailers exposed: Who’s paying rent and who’s not As commercial landlords receive requests for rent relief, discerning whether the call for help is driven by hardship or strategy has been weighing on many. A new report titled “Who’s paying rent and who’s not” provides some insight. It documents which national retail and restaurant chains paid […]

Miami Commercial Real Estate News April 15, 2020: PwC, Miami Developers on Commercial Property COVID-19 Impact; Retail’s Dreadful Month; More…

Apr 15, 2020 - Top Stories - 0 Comments - Standard

Video: PwC Partner Mitch Roschelle Discusses Coronavirus Impact on Economy, Commercial Property The is significant and growing international concern with regard to the potential human and economic impact of coronavirus, also referred to as COVID-19. Mitch Roschelle, Partner withPricewaterhouseCoopers , joins America’s Commercial Real Estate Show to talk about how markets may react and in […]

Miami Skyline with Many Commercial Buildings

Miami Commercial Real Estate News April 8, 2020: Sweetwater Office Properties Trade; COVID-19 Hotel Occupancy, CRE Tenancy Effects; More…

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

Procacci sells two office buildings near Dolphin Mall for $29M Procacci Development Corp. sold two office buildings in Sweetwater for a combined price of $29.3 million. Boca Raton-based Procacci Development sold the buildings at 11430 Northwest 20th Street and 11410 Northwest 20th Street, near Dolphin Mall, to New York-based Innovatus Capital Partners, according to records. […]

Miami Commercial Real Estate News April 1, 2020: Rent Relief Efforts Abound; Doral Apartments Sell for $100 Million; More…

Apr 01, 2020 - Top Stories - 0 Comments - Standard

Related, Shoma, PGIM sell Doral apartments for $100 million amid coronavirus pandemic The Related Group, Shoma Group and PGIM Real Estate Investors sold The Flats Apartments at CityPlace Doral for $100 million, marking the largest deal to close in South Florida during the coronavirus pandemic. Harbor Group International paid $330,000 per unit for the two-tower, […]

Miami Commercial Real Estate News March 25, 2020: COVID-19 Impacts Continue; Industrial Near Airport Sells; More…

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

Mac Papers inks deal, sells warehouse near MIA for $15M A major paper supplier sold its warehouse near Miami International Airport for $14.6 million. Jacksonville-based Mac Papers sold the 137,872-square-foot warehouse at 5900 Northwest 176th Street in Miami for $105 per square foot, records show. Spirit Master Funding X LLC, tied to Dallas-based Spirit Realty […]