Category: Top Stories

Miami Commercial Real Estate News March 13, 2024: Miami to Aventura Train Gets Fed Funding Recommendation; North Miami Beach Mall Trades for $46M; More…

Mar 13, 2024 - Top Stories - 0 Comments - Standard

Pre-Application Filed For 280-Unit Multifamily Tower Near Arsht Center A pre-application was filed with Miami-Dade planners yesterday for a downtown Miami residential tower. The building is being proposed under the county’s Rapid Transit Zone zoning code. The new tower is planned to rise 26 stories, and will be a multi-family residential building, according to a […]

Miami Commercial Real Estate News March 6, 2024: 67-Story Mercedes-Benz Tower Planned; Brickell’s Tallest Breaks Ground; 112-Unit Live Local Act MF Proposed for Model City; More…

Mar 06, 2024 - Top Stories - 0 Comments - Standard

Developers Propose ‘River Haus’ for 123 N.E. 79th Street in Little River Our sources have revealed an exciting venture proposed for Miami’s Little River neighborhood. River Haus, rising eight stories above grade, would comprise 218,546 square feet of new construction, offering 154 apartments. Homes will measure 505 square feet to 955 square feet each, with […]

Miami Commercial Real Estate News February 21, 2024: Santander Plans to Replace its Brickell Tower; Miami International Mall Loan Payoff Missed; More…

Feb 21, 2024 - Top Stories - 0 Comments - Standard

Partnership Tops Out 509-Unit Residences at The Wynwood Plaza Co-developers L&L Holding Co. and Oak Row Equities, along with project partner Shorenstein Properties and capital partner Claure Group, have topped out the Residences at The Wynwood Plaza, a 509-unit apartment development in Miami. The property serves as the multifamily component of Wynwood Plaza, a 1 […]

Miami Commercial Real Estate News February 14, 2024: Mega MXU with 5,000 Affordable Units Proposed for Little River & Little Haiti; 700 ft. High Downtown Skybridge Between Towers Proposed for Downtown; More…

Feb 14, 2024 - Top Stories - 0 Comments - Standard

Swerdlow Group Unveils $3 Billion Mixed-Use Public Housing Vision For Miami’s Little River And Little Haiti Neighborhoods In a bold move that signals a transformative shift for Miami’s urban landscape, the Swerdlow Group has unveiled plans for a $3 billion mixed-use public housing project, poised to become one of Miami’s most significant developments. Spanning 65 […]

Miami Commercial Real Estate News February 7, 2024: Will Be Miami’s New Tallest Breaks Ground as it Scores $600M Financing; North Bay Village Project Halted; More…

Feb 07, 2024 - Top Stories - 0 Comments - Standard

3600 Biscayne Gets FAA, UDRB Approval A proposal to build a multi-family tower at 3600 Biscayne Boulevard has received approval from the UDRB and FAA. According to an FAA letter sent to developer Pacific Star Capital on January 30, the tower is permitted to rise 231 feet above ground, or 242 feet above sea level. […]

Miami Commercial Real Estate News January 31, 2024: $82M Miami Beach Office Sale Collapses; 806 Unit MF Planned Near Douglas Metrorail; LA Fitness Building Trades for $15M; More…

Jan 31, 2024 - Top Stories - 0 Comments - Standard

Nightingale’s $82M Miami Beach Office Sale Collapses In Flurry Of Lawsuits The planned $82M sale of a Miami Beach office building owned by Nightingale Properties has failed to close, sparking a court battle between the embattled developer and the planned buyers. The dispute rose to the surface just as CEO Elie Schwartz began repaying $53M in […]

Miami Commercial Real Estate News January 24, 2024: MSC Announces Downtown Miami HQ; Evacuated Surfside Condo Bought as Dev Site; Major Live Local Act Reach Testing Lawsuit Filed;

Jan 24, 2024 - Top Stories - 0 Comments - Standard

Bal Harbour Shops Owner Files First Major Lawsuit Testing Reach Of Live Local Act The owner of the Bal Harbour Shops is stepping up its fight with local politicians to add four residential towers to the luxury shopping center. Whitman Family Development, which owns the shops, filed a lawsuit Tuesday asking a judge to compel […]

Miami Commercial Real Estate News January 17, 2024: 154-Unit MF Planned for Wynwood Under LLA; 27-Story Condo Proposed for Edgewater; $30M Industrial Trade; More…

Jan 17, 2024 - Top Stories - 0 Comments - Standard

Coastal Construction Tops Off Event Campus At The Concours Club Within Miami-Opa Locka Executive Airport Coastal Construction Group, one of the largest general contractors in the Southeast, has announced the topping-out of the highly anticipated Event Campus at The Concours Club, the exclusive, members-only motorsport and luxury lifestyle resort. The Concours Club is located at […]

Miami Commercial Real Estate News January 10, 2024: MXU, Affordable Housing Expansion Planned for Bal Harbour; Grove Central MXU Completed; More…

Jan 10, 2024 - Top Stories - 0 Comments - Standard

Whitman Family Development Unveils Plans for Mixed-Use Development Within Bal Harbour Shops Property Whitman Family Development, the family-owned company behind the creation of Bal Harbour Shops, has submitted plans for a new mixed-use development in the Village of Bal Harbour, Florida. Aimed at enhancing the 18-acre property, this project proposes the addition of attainable and […]

Miami Commercial Real Estate News January 3, 2024: Hialeah Industrial Sold to Mormon Church for $174M; Doral Office Trades for $29M, Self-Storage Near Aventura for $20M; More…

Jan 03, 2024 - Top Stories - 0 Comments - Standard

Mormon church’s real estate arm drops $174M for Beacon industrial park in Hialeah The Church of Jesus Christ of Latter-day Saints’ commercial real estate arm dropped $174.3 million for the Beacon Logistics Park in Hialeah. Property Reserve, which invests the LDS church’s reserve funds, bought the majority of the 1.3 million-square-foot industrial campus on the northeast […]

Miami Commercial Real Estate News December 27, 2023: Year’s Top Industrial Sales, Retail & Office Leases; Slew of Construction Financing Approvals; EV Aircraft Planned in Miami for 2027; More…

Dec 27, 2023 - Top Stories - 0 Comments - Standard

Here are South Florida’s priciest industrial sales of 2023 Institutional buyers seeking massive warehouse portfolios dominated the top five largest industrial deals in South Florida in 2023. National industrial players primarily gobbled up complexes and business parks in Miami-Dade and Broward counties, which are much larger industrial submarkets than Palm Beach County. Overall, 2023’s top five industrial […]

Miami Commercial Real Estate News December 20, 2023: Largest Office, Retail, Multifamily Sales; Hialeah Cold Storage Sells for $113M; Big Density Trade; More…

Dec 20, 2023 - Top Stories - 0 Comments - Standard

Amancio Ortega’s Pontegadea pays $113M for Hialeah cold storage Spanish billionaire Amancio Ortega’s real estate family office is expanding its cold storage business, acquiring its second Hialeah freezer facility in seven months. An affiliate of Ortega’s Pontegadea paid a cool $113 million for Bridge Point Cold Logistics Center, a 312,000-square-foot warehouse at 3995 West 108th Street, […]

Miami Commercial Real Estate News December 13, 2023: 1.4M sf South Florida Industrial Portfolio Trades; Medley Warehouse Sells for $45M; Downtown Miami Dev Site Hits Market; More…

Dec 13, 2023 - Top Stories - 0 Comments - Standard

Gindi family’s ASG sells Miami Design District retail building for $22M The Gindi Family’s ASG Equities sold a retail building in the Miami Design District for $22 million. Alo Yoga, the property’s current tenant, acquired the nearly 5,000-square-foot single-story store at 101 Northeast 40th Street, according to records and Vizzda. The seller, an ASG affiliate, paid […]

Miami Commercial Real Estate News December 6, 2023: TOD Dev Breaks Ground at Metrorail Station; 116-Key Hotel Planned for Wynwood; Sunset Place Redevelopment Moves Ahead; More…

Dec 06, 2023 - Top Stories - 0 Comments - Standard

New Renderings Reveal Changes To Facade For HUB Miami At 525 NW 2nd Avenue In Downtown Miami Updated renderings have been revealed for HUB Miami, a 41-story mixed-use building at 525 Northwest 2nd Avenue in Downtown Miami. Designed by ODP Architecture & Design with interiors by One Line Design Studio, and developed by a joint […]

Miami Commercial Real Estate News November 30, 2023: Amazon Seeks Office Space; FAA Approves 1,049 ft. Tower; Key Biscayne Ritz-Carlton Hits Market; More…

Nov 30, 2023 - Top Stories, Uncategorized - 0 Comments - Standard

Brookfield’s oceanfront Ritz-Carlton Key Biscayne marketed for sale Brookfield Properties is looking to sell the waterfront Ritz-Carlton resort at 455 Grand Avenue in Key Biscayne, sources told The Real Deal. Brookfield is working with JLL to market the 302-room, 275,000-square-foot property at 455 Grand Bay Drive, sources said. Brookfield acquired Watermark’s two-thirds stake in the […]

Miami Commercial Real Estate News November 22, 2023: Miami Beach Hotel Dev Site Trades for $27M; UDRB Approves 324-Unit Project in Edgewater; More…

Nov 22, 2023 - Top Stories - 0 Comments - Standard

Holidays Network pays $27M for Miami Beach hotel development site Holidays Network Group paid $27 million for a Miami Beach redevelopment site that has approvals for a 107-room hotel. An affiliate of Winter Park, Florida-based Holidays Network acquired an 88-unit apartment complex at 2618 Collins Avenue, records and Vizzda show. The firm obtained a $35.3 million […]