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 […]
Miami-Dade’s Retail Market Posts Net Negative Absorption, Rent Declines in Third Quarter Miami-Dade County’s retail market posted 120,934 square feet of negative net absorption in the third quarter, according to research from Colliers International. The decline is a sizable improvement from the second quarter, a period where the market gave back 230,698 square feet of […]
Voters decide South Miami, Surfside and Bal Harbour real estate referendums Voters weighed in on South Miami zoning rules, Surfside public property sales and Bal Harbour building heights, producing mixed results from Tuesday’s election. South Miami A referendum in the city of South Miami failed to pass on Election Day, so zoning vote requirements will […]
Photos Show the Massive $452 Million River Landing Project Now Complete River Landing Shops & Residence, a massive mixed-use complex, is now open on the Miami River. It took nearly a decade to develop the project. Developer Urban-X Group first put the former Mahi Shrine Auditorium property where River Landing is located under contract in […]
South Florida Q3 office rents hit record high, despite higher vacancies Despite record high office vacancies across South Florida, average asking rates hit new highs Despite record office vacancy rates across South Florida, average asking rents hit new highs in the third quarter, according to a newly released report. Miami-Dade had the highest average asking […]
Miami Beach approves zoning change allowing for Aman tower Miami Beach commissioners approved a zoning change that would allow billionaire developers Vlad Doronin and Len Blavatnik to build their Aman-branded tower. Commissioners Steven Meiner and Micky Steinberg voted against the Faena district overlay ordinance on second reading, which will allow the developers to build a […]
DHL signs 201,399 SF long-term renewal at Prologis Miami Commerce Center Transwestern Real Estate Services (TRS) announces its South Florida industrial team has secured a long-term lease renewal for DHL Global Forwarding, which occupies the 201,399-square-foot Prologis Miami Commerce Center at 1801 NW 82nd Ave. Transwestern Managing Director Thomas Kresse negotiated the transaction on behalf […]
Air Force offers county new airport site at Homestead Miami-Dade is working on multiple deals to build out its general aviation airports and is “closer than ever” to an agreement for a new one at Homestead Air Reserve Base, Aviation Director Lester Sola said. Commissioners Oct. 6 are to decide whether to direct Mayor Carlos […]
Dezer’s 30-acre megaproject in North Miami Beach gets first approval A nearly 30-acre mixed-use development that would bring luxury condo towers, a harbor and public promenade secured a key approval from the city of North Miami Beach. Developer Gil Dezer’s plan to transform the Intracoastal Mall will return to the North Miami City Commission next […]
Investment Management Firm Expands Lease in Miami Beach, Breaking Florida’s Rental Rate Record Per Square Foot J. Goldman & Co. LLP, an independent investment management firm, has signed an eight-year lease for 3,318 square feet of office space and a 700-square-foot covered terrace at The Yukon Miami at 119 Washington Avenue in Miami Beach. J. […]
Michael Shvo’s proposed Miami Beach tower gets haircut and approval The Miami Beach Historic Preservation Board approved developer Michael Shvo’s plans to add a residential tower behind the landmark Raleigh Hotel. But that tower won’t be 200 feet tall, as Shvo had proposed. Instead, following community outcry and a passionate plea from board chairman Jack […]
Redwood JV Lands Financing for Opa-Locka 112-Unit Townhome Project A gated lakefront townhome project that will offer affordable homes received a $19 million construction loan. Redwood National Properties, an affiliate of BAS Holdings Investments LLC, alongside its joint venture partner Winston Capital Partners LLC, received the financing from City National Bank of Florida. DWNTWN Realty […]
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 […]
Related Urban Kicks Off $106M Allapattah Redevelopment Related Group and Miami-Dade County have broken ground on Three Round Towers B&C/Brisas del Este, a $106 million affordable housing redevelopment project in the Allapattah neighborhood. The 383-unit Opportunity Zone project will draw on federal, state and county funds for the rehabilitation of two existing towers and the […]
Carson, Rubio To Celebrate Groundbreaking Of Biggest OZ Project In Miami-Dade Housing and Urban Development Secretary Ben Carson, Sen. Marco Rubio and others are expected to be on-site in Allapattah Thursday to celebrate a groundbreaking at Three Round Towers, a low-income housing complex that is undergoing a renovation. The $106M redevelopment project is the largest […]
In this month’s chart of two year trailing sales of Miami-Dade commercial properties tracking, for the period from August 2018 to July 2020, sales of both improved and vacant land, it is evident that the level is holding within a normal range. This “holding pattern” follows a brief dip in April and May as the […]
