Category: Top Stories

Miami Commercial Real Estate News June 22, 2022: 60-Story Edgewater Dev Rejected; Wennett Sells Warehouse Near Miami Produce Center; MB Hampton Inn Trades; More…

Jun 22, 2022 - Top Stories - 0 Comments - Standard

Pebb Capital, LeaseFlorida Sell Hampton by Hilton Hotel in Miami Beach for $43.9M A partnership between investors Pebb Capital and LeaseFlorida has sold Hampton by Hilton at The Continental, a historic hotel located at 4000 Collins Avenue in Miami Beach. The undisclosed buyer, a privately held limited liability company, purchased the 100-room hotel for $43.9 million. […]

Miami Commercial Real Estate News June 15, 2022: Trion Snags First Area Multifamily for $87M; Mana Sells NMB Office Building for $20M; Miami Office Construction Increasing; More…

Jun 15, 2022 - Top Stories - 0 Comments - Standard

Trion enters Miami-Dade with $87M multifamily purchase Trion Properties made its Miami-Dade County debut with the $87.3 million purchase of a rental complex in the Fontainebleau neighborhood, marking unwavering investment appetite in the multifamily market. Trion, based in Miami and West Hollywood, California, bought the 294-unit Art 88 at 8855 Fontainebleau Boulevard, according to a Trion […]

Miami Commercial Real Estate News June 8, 2022: Knight Center Redevelopment Plans Gain Ground; Edgewater MF Trades for $211M; Former Epicure Site Sold; More…

Jun 08, 2022 - Top Stories - 0 Comments - Standard

Hyatt, Gencom advance three-tower project planned for Knight Center site Developers’ nearly $2 billion plan to build a hotel and multifamily towers on the Miami River site of the James L. Knight Center and Hyatt complex in downtown Miami is gaining ground. The Miami River Commission unanimously voted on Monday to move forward the proposal […]

Miami Commercial Real Estate News June 1, 2022: A&E District Dev Site Sells for $49M, Lincoln Road Building for $94M, Downtown Assemblage for $58M; Office Vacancy Steady; More…

Jun 01, 2022 - Top Stories - 0 Comments - Standard

Developer pays $49M for Arts & Entertainment District dev site with plans for 540-unit rental tower LCOR is making its South Florida development debut with plans for a 540-unit apartment tower in Miami’s growing Arts & Entertainment District. Berwyn, Pennsylvania-based LCOR, through an affiliate, bought 1.1 acres of land at 1775 Biscayne Boulevard from an […]

Miami Commercial Real Estate News May 25, 2022: $204M Luxury MF Planned Near Coconut Grove; Surfside Collapse Site to Sell for $120M to Sole Bidder; More…

May 25, 2022 - Top Stories - 0 Comments - Standard

Hidrock Properties partners with Alex Karakhanian on Miami A&E dev site Alex Karakhanian sold a development site in Miami’s Arts & Entertainment District to a joint venture between New York-based Hidrock Properties and Karakhanian’s Lndmrk Development, The Real Deal has learned. The joint venture paid $19 million for the 0.9-acre property at 1601 North Miami […]

Miami Commercial Real Estate News May 18, 2022: Wynwood Hotel Gets Miami Board OK; Best Buy Anchored Shopping Center Fetches $18 Million; More…

May 18, 2022 - Top Stories - 0 Comments - Standard

Dacar scores $81M loan for Publix-anchored mixed-use project in Hialeah Dacar Management will crank up construction on a Hialeah mixed-use project with 244 apartments and a retail component anchored by Publix, Burlington and HomeGoods. Affiliates of the Dania Beach-based commercial real estate firm scored an $81 million construction loan from New York Life Insurance Company, […]

Miami Commercial Real Estate News May 11, 2022: Pair of Downtown Miami Buildings Sell for $57M; Miami Beach Hotel Under Contract for $232M; More…

May 11, 2022 - Top Stories - 0 Comments - Standard

Vertical Cold Storage buys Medley freezer facility for $66M A North Sioux City, South Dakota-based cold storage real estate firm breezed into South Florida’s industrial market with a $66 million deal in Miami-Dade County. Vertical Cold Storage, led by President and CEO Curt Mastbergen, bought a 274,191-square-foot freezer facility at 11801 Northwest 102 Road in […]

Miami Commercial Real Estate News May 4, 2022: Beckham MLS Stadium Approved; Southland Mall Sells for $100M; Land Secured for $220M Multifamily Development; More…

May 04, 2022 - Top Stories - 0 Comments - Standard

Miami approves major lease for Beckham soccer stadium mixed-use development From left: David Beckham, former professional footballer and current president and co-owner of Inter Miami CF; Francis Suarez, mayor of Miami; and Jorge Mas, chairman, MasTec, along with a rendering of Miami Freedom Park: The city of Miami commission chambers erupted into cheers and applause […]

Miami Commercial Real Estate News April 27, 2022: A $500M Bet on Flagler Street; Miami Rents 3rd Priciest in USA; Miami’s 22 Tallest Towers Under Construction; More…

Apr 27, 2022 - Top Stories - 0 Comments - Standard

Moishe Mana spent $500 million on Miami’s Flagler Street. Can he make his vision reality? On a warm weekday afternoon, billionaire immigrant entrepreneur Moishe Mana, who took control of much of downtown Miami’s tattered Flagler Street district in an eight-year $500 million buying spree, arrives to tour the first of his 70 properties to go […]

Miami Commercial Real Estate News April 20, 2022: Naranja Multifamily Sells for $69.5M; Semi-Trailer Parking Lots in Medley, North Miami-Dade Trade; More…

Apr 20, 2022 - Top Stories - 0 Comments - Standard

New York investor Bayview Partners pays $69.5M for Naranja apartment complex Bayview Partners paid $69.5 million for an apartment complex in south Miami-Dade County’s Naranja neighborhood. Bayview bought the South Pointe complex at 13720 Southwest 272nd Street from an affiliate of the project’s developer, Garco, according to the broker. Tal Frydman of Newmark represented both […]

Miami Commercial Real Estate News April 14, 2022: Miami’s 58% Rent Spike Leads Nation; South Beach Office Building Trades for $52M; More…

Apr 14, 2022 - Top Stories - 0 Comments - Standard

Miami leads nation with 58% rent spike during the pandemic Miami led the U.S. in rent hikes during the pandemic. Miami’s median apartment rent skyrocketed 58 percent to $2,988 per month since March 2020, according to a newly released report from Realtor.com. Median rents increased nationwide by 19.3 percent to a new high of $1,807, […]

Miami Commercial Real Estate News April 6, 2022: $500M Buyout Offered for Aging Miami Beach Condo; 600 Unit MF Proposed Near Dadeland; Wynwood Property Flipped for 75% Gain in 3 Months; More…

Apr 06, 2022 - Top Stories - 0 Comments - Standard

Related, 13th Floor offer $500M for aging, oceanfront Miami Beach Castle Beach Club condo building Owners of an aging, oceanfront condo building in Miami Beach who banded together late last year in hopes of finding a bulk buyer have their wish granted. The Related Group and 13th Floor Investments offered $500 million to buy out […]

Miami Commercial Real Estate News March 23, 2022: 257 Unit Strata Wynwood Sold; New Rent Increase Notice Reqs; 1040′ Supertall Planned at Brickell City Center; More…

Mar 23, 2022 - Top Stories - 0 Comments - Standard

Trammell Crow proposes 324 apartments in Miami-Dade’s Coral Terrace, puts land under contract Trammell Crow Residential wants to build a 324-unit multifamily complex on land it has under contract in the Coral Terrace neighborhood, marking the developer’s continued bet on Miami-Dade County’s apartment market. The Dallas-based developer proposes Alexan Ludlam on an 8.7-acre industrial site […]

Miami Commercial Real Estate News March 16, 2022: 816-Unit MF Parkline at Miami Central Trades; Rental Portfolio Sells for $82M; More…

Mar 16, 2022 - Top Stories - 0 Comments - Standard

Harbor Group International Acquires 816-Unit ParkLine Miami Luxury Apartment Community Affiliates of Harbor Group International (HGI) have acquired ParkLine Miami, an 816-unit luxury apartment community in downtown Miami. The purchase price was not disclosed, but news outlets reported last fall that the asking price was $500 million. The seller, Florida East Coast Industries (FECI), completed […]

Miami Commercial Real Estate News March 9, 2022: 382 Units Proposed for North Miami, 140K SF Class A Office for Wynwood; South Miami-Dade Booming; More…

Mar 09, 2022 - Top Stories - 0 Comments - Standard

Cipriani Residences Miami 80-story condo tower planned for Brickell site Cipriani is expanding its footprint in Miami with plans to brand Mast Capital’s luxury condo tower in Brickell, joining a handful of new projects in the neighborhood. For the Cipriani family, the planned Cipriani Residences Miami adds to a growing portfolio of properties. The family […]

Miami Commercial Real Estate News March 2, 2022: $240M Brickell Church Sale may be Blocked by Member; Ryder Selling HQ; 327-Unit Dev Planned for North Bay Village; More…

Mar 02, 2022 - Top Stories - 0 Comments - Standard

Ryder Puts Miami Corporate Headquarters Up for Sale Logistics company Ryder System hopes to sell its corporate headquarters near Miami, saying it needs less office space in a post-pandemic world. Ryder System, a member of the Fortune 500, paid $42 million for the 16.8-acre campus at 11690 Northwest 105th Street in unincorporated Miami-Dade County in […]