Category: Top Stories

Miami Commercial Real Estate News June 23, 2021: Pembroke Pines MF Sells for $223 Mil, Bay Harbor Islands Dev Site for $31 Mil; Margaritaville Selling for $270 Mil; More…

Jun 23, 2021 - Top Stories - 0 Comments - Standard

Berkadia Arranges $31M Sale of Mixed-Use Bay Harbor Islands Development Site Berkadia has arranged the $31 million sale of a 1.8-acre development site in Miami’s Bay Harbor Islands known as 1177 Kane Concourse. Located just west of Bal Harbour Shops, the site includes 300 feet of frontage on Kane Concourse and is permitted for a […]

Miami Commercial Real Estate News June 16, 2021: Edgewater Developments Aplenty; Miami Shores MXU Breaks Ground as Multifamily Trades; More…

Jun 16, 2021 - Top Stories - 0 Comments - Standard

Fuse Group acquires Security Building in downtown Miami, plans to sue WeWork for alleged lease breach Fuse Group Investment acquired the storied Security Building in downtown Miami and plans to sue WeWork over allegedly vacating its offices in violation of the lease, The Real Deal has learned. The 17-story, historic building at 117 Northeast First […]

Miami Commercial Real Estate News June 9, 2021: Shopping Center Near FIU Sells for $19 Million, Aventura Office Complex for $93 Million; More…

Jun 09, 2021 - Top Stories - 0 Comments - Standard

Core pays $19M for shopping center near FIU Core paid $19 million for a shopping plaza near Florida International University’s Modesto A. Maidique Campus in west Miami-Dade County. The Miami-based real estate investor, through an affiliate, bought the retail property at 9720 Southwest Eighth Street from two sellers tied to Miami-based Orion Real Estate Group, […]

Miami Commercial Real Estate News May 26, 2021: Lincoln Road Property Trades for $19 Million; Miami Board Approves Wynood, Little Havana Projects; More…

May 26, 2021 - Top Stories - 0 Comments - Standard

LIVWRK in contract to buy Wynwood assemblage from East End Capital LIVWRK, a Brooklyn-based development firm, is making its first foray into Miami commercial real estate, The Real Deal has learned. The company, led by founder and CEO Asher Abehsera, is under contract to buy a 2.5-acre assemblage in Wynwood, according to sources. East End […]

Miami Commercial Real Estate News May 19, 2021: Nissan Dealer Buys Doral Property; Multifamily Developer Secures Little Havana Assemblage; More…

May 19, 2021 - Top Stories - 0 Comments - Standard

Bill Seidle’s Nissan dealership buys Doral building for $16M A Nissan dealership bought a Doral building where it operates its service center for $16 million. An affiliate of Bill Seidle’s Nissan, which sells and repairs vehicles, bought the property at 10688 Northwest 12th Street from The Miami International Grantor Trust, according to public records. The […]

Miami Commercial Real Estate News May 12, 2021: Downtown Miami Tower Trades for $300 Million; 501K sf Industrial Breaks Ground Near MIA; More…

May 12, 2021 - Top Stories - 0 Comments - Standard

Affordable housing developer buys piece of Little Havana assemblage The site and renderings of Premium Development’s nearby project. (Premium Development) An affordable housing developer paid $15 million for land in Miami’s Little Havana neighborhood. Premium Development bought the 2.3-acre property at 700 West Flagler Street from Presidente Supermarkets, according to a broker involved in the […]

Miami Commercial Real Estate News May 5, 2021: Judge Negs Fed’s Eviction Ban; 3 of 5 Largest Florida Office Trades in Miami-Dade; More…

May 05, 2021 - Top Stories - 0 Comments - Standard

3 Of 5 Top Office Transactions in Florida in Q1 were in Miami-Dade Florida’s second-largest office deal was EQ Office’s purchase of Two and Three MiamiCentral, a 333,438-square-foot office portfolio in Miami. The Chicago-based REIT paid Shorenstein $230 million for the buildings, which previously traded for $159.4 million in 2019, one year after their completion. Shortly […]

Miami Commercial Real Estate News April 28, 2021: 452-Unit MF Trades for 96.6M; Governor Signs Bill Reducing CRE Lease Sales Tax; Office Market Heating Up; More…

Apr 28, 2021 - Top Stories - 0 Comments - Standard

MG3 Group sells Florida charter school portfolio including Everglades Prep in Homestead for $242M An Aventura-based charter school developer sold two South Florida campuses for $78.1 million, as part of a $242 million portfolio deal for eight schools throughout the state. MG3 Group, led by Marcelo Saiegh, Hernan Leonoff and Gustavo Bogomolni, sold the schools […]

Miami Commercial Real Estate News April 21, 2021: Two Multifamily Trades Near $100 Mil; Two Industrial Prop Sales Exceed $25 Mil; Miami Attracting Big Tech, NY; More…

Apr 21, 2021 - Top Stories - 0 Comments - Standard

Chart: Miami Commercial Real Estate Sales to List Price Ratio March 2021 The sales to list price ratio as reported by the Miami MLS for improved commercial real estate (MLS classification: commercial/industrial) within Miami-Dade county in Florida priced from $1 million to $10 million in March came up a bit to 93% from 89.5% the […]

Miami Commercial Real Estate News April 14, 2021: Miami-Beach 7-Eleven Sells for $11 Million; Dezer Partnering with Bentley for Sunny Isles Development; More…

Apr 14, 2021 - Top Stories - 0 Comments - Standard

Capital Realty affiliate sells South Miami office and retail building for $5M An affiliate of Capital Realty Services sold a mixed-use office and retail building along South Miami’s Sunset Drive for $5 million. Sunset One Properties sold the property at 5875-5887 Sunset Drive to 5875 Sunset Group, a Hollywood-based investment group led by Stanley and […]

Miami Commercial Real Estate News April 7, 2021: Hialeah Industrial Properties Sell for $50 Mil, Acre at Worldcenter for $20 Million; Inflation Expectations Rising; More…

Apr 07, 2021 - Top Stories - 0 Comments - Standard

Codina Partners’ plan for Coral Gables rental tower advances with three-way property swap Codina Partners’ plan for a high-end rental tower in Coral Gables is a step closer… As part of the three-way trade, Codina Partners bought a 1.3-acre development site… bought Coral Gables’ former police building at 2801 Salzedo Street from the city for […]

Miami Commercial Real Estate News March 31, 2021: Miami Beach’s Tallest to Break Ground; City Furniture Leases 287k sf Industrial; More…

Mar 31, 2021 - Top Stories - 0 Comments - Standard

City Furniture leases Miami Gardens distribution center City Furniture leased a nearly 287,000-square-foot building at Bridge Point Commerce Center in Miami Gardens, another deal marking the strength of South Florida’s industrial market. The Fort Lauderdale-based furniture retailer led by founder Keith Koenig will open a distribution center at Bridge Development Partners’ under… Bridge Development Lands […]

Miami Commercial Real Estate News March 24, 2021: Blackstone Snags MiamiCentral Buildings for $230 Million; Galbut’s NMB MXU Project Scores Approval; More…

Mar 24, 2021 - Top Stories - 0 Comments - Standard

Blackstone buys MiamiCentral office buildings for $230 million Blackstone Group paid about $230 million for the office buildings at Brightline’s MiamiCentral station, marking one of the largest investment sales to close in South Florida this year. Funds managed by New York-based Blackstone Real Estate bought 2MiamiCentral and 3MiamiCentral from San Francisco-based Shorenstein Properties, according to […]

Miami Commercial Real Estate News March 17, 2021: Coconut Grove Residence Inn Sells; Kushner Breaks Ground on Wynwood Project; More…

Mar 17, 2021 - Top Stories - 0 Comments - Standard

Kushner starts construction on first South Florida development, scores $80M loan Laurent Morali and Charles Kushner with a rendering of their Wynwood project Kushner Companies started construction on its first South Florida development with partner Block Capital Group. The developers are financing construction of their Wynwood project with a roughly $80 million loan from Axos […]

Miami Commercial Real Estate News March 10, 2021: Miami River Marina Trades; Site for Planned Sports Entertainment Facility Sells; More…

Mar 10, 2021 - Top Stories - 0 Comments - Standard

RCI Group sells River Cove Marina in Miami for $11M Real estate and marina developer and owner RCI Group sold a marina on the Miami River for $11 million. Records show RCI Group affiliate 2000 Miami River Marina sold the 72-slip River Cove Marina to Cove Marina Holding, a Delaware entity. Built in 2009, the […]

Miami Commercial Real Estate News March 3, 2021: Ground Broken for Coconut Grove MXU TOD; City Commission Approves Zoning Change for Jungle Island; More…

Mar 03, 2021 - Top Stories - 0 Comments - Standard

Terra, Grass River Break Ground on Grove Central Mixed-Use Project in Miami Terra and Grass River Property Co. have broken ground on a new mixed-use project in Miami called Grove Central. Located at 2780 SW 27th Court, the transit-oriented development will include a new 23-story residential tower comprising 402 market-rate, workforce and co-living units; a […]

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