Category: Top Stories

Miami Commercial Real Estate News September 28, 2022: Three Miami Beach Hotels Trade for $100M; Brickell City Center Mega Tower Approved; More…

Sep 28, 2022 - Top Stories - 0 Comments - Standard

Baptist Health sells Doral data facility for $34M American Tower, a global communications infrastructure real estate investment trust, bought a data center in Doral from Baptist Health South Florida for $34 million. Records show American Tower bought the data center at 2100 Northwest 84th Avenue from Miami-based Baptist via a Delaware LLC. American Tower is […]

Miami Commercial Real Estate News September 21, 2022: Billion Dollar Redevelopment Planned for Southland Mall; Jungle Island Expansion Advances; More…

Sep 21, 2022 - Top Stories - 0 Comments - Standard

The Growing Power of Tech on Miami’s Commercial Real Estate Market Miami’s exploding tech footprint landed it on the list of emerging tech hubs according to our recently published blog, Tech Markets to Watch and Why the Field’s Getting Competitive. Throughout the past decade, tech companies and venture capitalists migrated in droves to Miami, surging […]

Miami Commercial Real Estate News September 14, 2022: Fisher Island Dev Site Trades for $100M, One Near Beckham Stadium for $32M; $30M Edgewater Assemblage Closes; More…

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

Related Group, partners close on $100M-plus Fisher Island development site Jorge Pérez’s Related Group and its partners closed on their purchase of the last condo development site on exclusive Fisher Island in Miami Beach. Miami-based Related, billionaire Teddy Sagi, BH Group and Chicago-based Wanxiang America RE Group paid more than $100 million for the property […]

Miami Commercial Real Estate News September 7, 2022: Miami Beach Macy’s Trades for $16M, Hialeah Park Dev Site for $14M; Little River Biz Park Listed at $39M; More…

Sep 07, 2022 - Top Stories - 0 Comments - Standard

Pan Am Equities lists Little River business park for $39M For the second time in two years, Pan Am Equities is looking to cash out of an office business park in Miami’s Little River. Affiliates managed by Scott Solomon, president and CEO of Pan Am, a New York-based real estate development and management firm, recently […]

Miami Commercial Real Estate News August 31, 2022: Gables Station MXU Trades for $430M, Miami Worldcenter Dev Site for $30M; Site for $185M Riverside Wharf Project Headed for Lease; More…

Aug 31, 2022 - Top Stories - 0 Comments - Standard

Swiss developer debuts in Miami with multifamily project Swiss firm Empira Group is making its foray into South Florida with a $9 million purchase of a multifamily development site in Miami’s The Roads neighborhood. Empira wants to build the eight-story CoralGrove Brickell project on a half-acre site along Coral Way, at 3025 and 3051 Southwest […]

Miami Commercial Real Estate News August 24, 2022: Voters Approve Miami River Dream Project; Wynwood Development Site Hits Market for $32M; More…

Aug 24, 2022 - Top Stories - 0 Comments - Standard

Miami Beach voters approve upzoning referendums Miami Beach residents voted in favor of zoning changes that could boost floor area ratio — or overall project size — of certain properties in the city. They also approved closing a loophole tied to the city’s vacation of public streets. Voters on Tuesday approved an increase in FAR […]

Miami Commercial Real Estate News August 10, 2022: Medley Industrial Trades at 4x 2017 Price; Hialeah Shopping Center Sells for $43M; More…

Aug 10, 2022 - Top Stories - 0 Comments - Standard

Enrique Manhard, Miami’s great land gambler Enrique Manhard, whose past bets on clothing stores turned him into a fashion mogul, is wagering on another lucrative industry: Miami real estate. Manhard and his partners have purchased 27 lots in the city since 2017. They join other tycoons who have built empires across industries such as professional […]

Miami Commercial Real Estate News August 3, 2022: South Beach WeWork Location Sells for $37M, Little Haiti Retail for $17M; Citadel Takes 95K sf at 830 Brickell; More…

Aug 03, 2022 - Top Stories - 0 Comments - Standard

Industrial rents keep climbing, as vacancies drop in South Florida Inflation? Recession? Pfft. South Florida’s industrial market hasn’t slowed down, as super low vacancy rates continue driving rents to new heights. In the second quarter, industrial landlords in Miami-Dade County increased asking rents by more than $1, compared to the same period last year, while Broward […]

Miami Commercial Real Estate News July 27, 2022: CBD Multifamily Trades for $184.5M, NMB Self-Storage for $26M; 2.6M sf Spec Industrial Planned for Doral; More…

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

Coral Gables commission gives Allen Morris another chance for Ponce Circle project The Allen Morris Company has another chance to amend its plans for a controversial development near The Plaza megaproject in Coral Gables. The city commission voted to postpone a decision on two ordinances that would allow a change in the property’s zoning to […]

Miami Commercial Real Estate News July 20, 2022: $300M Office Tower Planned for Design District, 57 Story Apt Tower for Downtown, 700 MF Units for North Miami; More…

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

Steve Ross’ plan to redevelop oceanfront Deauville into Frank Gehry-designed project heads to Miami Beach voters After securing the blessing of the majority of the Miami Beach City Commission, billionaire developer Stephen Ross’ proposal to build a two-tower residential and hotel complex on the site of the historic Deauville Beach Resort is heading to voters […]

Miami Commercial Real Estate News July 13, 2022: Mary Brickell Village Shops Trades for $216M; 593 Unit MF on River Planned; More…

Jul 13, 2022 - Top Stories - 0 Comments - Standard

RPT Realty buys Shops at Mary Brickell Village for $216M RPT Realty picked up the Shops at Mary Brickell Village for $216 million, marking the latest major real estate deal in the Miami neighborhood. New York-based RPT Realty, through an affiliate, bought the retail at 900 and 901 South Miami Avenue, as well as at […]

Miami Commercial Real Estate News July 7, 2022: Soleste Grand Central Sells for $181M, First Apartments for $94M, Miami Tower for $164M; Office Vacancy Drops; More…

Jul 07, 2022 - Top Stories - 0 Comments - Standard

Jimmy Resnick joins South Florida shopping center buying spree with $32M Kendall purchase A Miami Beach investor is the latest retail player to catch South Florida’s shopping center wave with a $32 million purchase in Kendall. An entity with ties to Jimmy Resnick bought Kendall Marketplace at 11531-11631 Southwest 88th Street, records show. The buyer […]

Miami Commercial Real Estate News June 29, 2022: Citadel Moving to Miami, Seen Behind $363M Land Purchase; Calder’s Horse Track Sold for $287M; More…

Jun 29, 2022 - Top Stories - 0 Comments - Standard

Griffin’s Citadel seen behind record $363 million Miami land purchase Ken Griffin’s plans to shift Citadel’s headquarters to Miami from Chicago gained momentum months ago with a record-breaking acquisition on the South Florida waterfront. Griffin and his company were behind the $363 million purchase of a 2.5-acre vacant site at 1201 Brickell Bay Drive, according to […]

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 […]

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