Category: Top Stories

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 […]

Miami Commercial Real Estate News March 18, 2020: COVID-19 Impacts; Starwood Buys Homestead Multifamily; WeWork Bailout Drama; More…

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

SoFla landlords, retailers brace for coronavirus impacts FroCommercial landlord Scott Sherman is trying to get ahead of potential losses and hardship South Florida retail tenants are facing. His Miami-based Tricera Capital is giving them the ability to defer rent payments for the near future, as bars and restaurants are forced to close and the fallout […]

Miami Commercial Real Estate News March 4, 2020: Mana Spars with Developers re Wynwood BID as Spotify Leases Within; Big Industrial Lease in Miami Gardens; More…

Mar 04, 2020 - Top Stories - 0 Comments - Standard

Developers speak out against Moishe Mana as he compares Wynwood campaign to the Arab Spring As Miami Mayor Francis Suarez and other elected officials urged a truce, Moishe Mana and current and former members of Wynwood Business Improvement District intensified their attacks on one another at competing meetings Tuesday. In recent weeks, Mana sent messages […]

Miami Commercial Real Estate News February 26, 2020: Mana Seeks to Nix Wynwood BID; Miami-Dade Industrial Sales Top $1 Billion; More…

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

Moishe Mana Wants Wynwood BID Dismantled; Both Sides Call Emergency Meetings This week, Moishe Mana, one of Miami’s largest landholders, has been circulating an online petition imploring people to “Save Wynwood,” warning that some stakeholders want to stop nightlife in the district at 11 p.m. At press time, it had over 22,000 signatures. He has […]

Miami Commercial Real Estate News February 19, 2020: Fountainebleu Reveals Proposed Addition; Jewelry District’s Metro Mall Renovation Begins; More…

Feb 19, 2020 - Top Stories - 0 Comments - Standard

Fontainebleau Miami Beach reveals proposed addition Jeffrey Soffer wants to build a new garage at Fontainebleau Miami Beach, with top-floor ballrooms. The proposed garage will be strictly for employees, which means hotel guests will continue to valet at the entrance of the storied resort. Miami Beach’s land use committee on Thursday recommended the project after […]

Brickell City Centre, Miami, Florida Retail and Office Commercial Real Estate

Miami Commercial Real Estate News February 12, 2020: Seniors Housing Portfolio Trades; Industrial Remains Strong; More…

Feb 12, 2020 - Top Stories - 0 Comments - Standard

A three-story mini-golf is coming to Brickell City Centre A London mini-golf company signed its first lease in Miami and its largest to date, at Brickell City Centre, as mall owners across the country shake up their tenant mix. Puttshack is leasing a three-story, 29,000-square-foot space above Luna Park Food Hall, which replaced the Italian […]

Miami Commercial Real Estate News February 5, 2020: Shelborne South Beach Sells for $120 Million; Change Afoot in the Grove; More…

Feb 05, 2020 - Top Stories - 0 Comments - Standard

Russell Galbut, WP Carey sell Shelborne South Beach W.P. Carey and Russell Galbut sold the oceanfront Shelborne South Beach, which was marketed for sale in the $120 million range, The Real Deal has learned. Dallas-based Westdale Real Estate Investment & Management acquired the majority of the condo-hotel rooms at the 257-key condo-hotel at 1801 Collins […]

Miami Commercial Real Estate News January 29, 2020: Industrial Property Rally Extends; Superbowl Boosts Lodging; Q4 Office Rents Rise; More…

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

South Florida office rents rise in Q4 South Florida businesses looking to catch a break on their rent may have to wait another year. Office rental leasing rates rose in the tri-county area in the fourth quarter, year-over-year, according to a newly released report. Miami’s office rents rose for the eighth quarter in a row, […]

Miami Commercial Real Estate News January 22, 2020: Two Coconut Grove Office Building Sold for $48 Million; Transit Plans Taking Shape; SAPs Under Siege; More…

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

Madison Marquette Acquires Two Office Buildings in Miami’s Coconut Grove for $47.7M Madison Marquette, a real estate investor, developer and operator, has acquired two office buildings in Miami’s Coconut Grove neighborhood for $47.7 million. The properties include the 80,380-square-foot Continental Plaza, located at 3250 Mary Street and the 57,155-square-foot Bayview Executive Plaza, situated at 3225 […]

Miami Commercial Real Estate News January 15, 2020: $50 Million Financing Secured for Miami Gardens Multifamily; Wynwood Assemblage Sells for $35 Million; More…

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

David Edelstein sells Wynwood site to AMLI for $35 Million David Edelstein and a rendering of the Wynwood site Developer David Edelstein sold an assemblage in Wynwood to multifamily giant AMLI Residential, The Real Deal has learned. Edelstein of New York-based TriStar Capital sold the “45 Winwood” development site to AMLI for $35 million. Together, […]

Miami Commercial Real Estate News January 8, 2020: Wynwood Office Project Gets Financing; Opa-Locka Apartments, Former Shoma Development HQ Sell; More…

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

Luxury athletic resort to take over Bloomingdale’s space at The Falls Life Time Fitness will be bulking up the Bloomingdale’s space at The Falls, as malls around the country try to adapt to the changing retail environment. The company plans to break ground on a 140,000-square-foot luxury athletic resort after Bloomingdale’s closes its doors later […]

Miami Commercial Real Estate News January 2, 2020: Biggest News, Deals of 2019; Lincoln Road’s Sterling Building Scores Hotel Approval; More…

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

Multi-use redevelopment of Wynwood industrial sites OK’d A set of interconnected buildings is designed to bring a mix of residential, retail and office uses to a block in Wynwood, along with major murals and other art treatments and a large courtyard. With a current title of Dorsey, the major mixed-use project is proposed by developer […]

Miami Skyline with Many Commercial Buildings

Miami Commercial Real Estate News December 26, 2019: Ocean Drive Property Trades; Gusman Heirs Sue to Get Back Olympia Theater; More…

Dec 26, 2019 - Top Stories - 0 Comments - Standard

Miller Construction Completes Two Industrial Buildings Totaling 318,043 SF in Miami Central Commons Miller Construction Co. has completed two buildings for Orlando-based Foundry Commercial, creating 318,043 square feet of industrial space within the Miami Central Commons business park. Located at 2301 NW 107th Ave. in Doral, 11 miles northwest of Miami, Building 1 contains showroom […]

Miami Commercial Real Estate News December 18, 2019: Downtown Courthouse Project Approved; Tenants Signing up for River Landing; More…

Dec 18, 2019 - Top Stories - 0 Comments - Standard

All rise: Miami-Dade commissioners approve $267M downtown Miami courthouse project The Miami-Dade County Commission on Tuesday unanimously approved a deal with Plenary Group to build a new $267 million civil courthouse in downtown Miami. The proposed 23-story building will replace the 1928-era courthouse at 73 West Flagler Street that was the site of a trial […]