Category: Top Stories

Miami Commercial Real Estate News October 10, 2018: Remembering Jay Kislak; Trump Group Nabs $558 Million Loan; Miami’s Opportunity Zones; More…

Oct 10, 2018 - Top Stories - 0 Comments - Standard

Video: Everything you need to know about Opportunity Zones, 67 of which are in Miami-Dade Developers and investors across the United States are turning their attention to a new tax benefit program introduced as part of President Trump’s tax plan known as Opportunity Zones. These incent developers to build in low-income communities by providing tax […]

Miami Commercial Real Estate News October 3, 2018: Brickell City Tower Fetches $117 Mil; Supertall Waldorf Astoria Planned; More…

Oct 03, 2018 - Top Stories - 0 Comments - Standard

South Florida’s suburbs dominate ranking of the top multifamily deals Three of the top five multifamily transactions occurred in Miami-Dade County. In August 2017, TA Realty picked up the 398-unit Manor CityPlace in Doral for $135 million. The Boston-based REIT, which typically focuses on office and industrial, paid $339,196 per apartment. The Related Group, Shoma […]

Miami Commercial Real Estate News September 26, 2018: Dinner Key Development Gets Financing; Magic City Protested; More…

Sep 26, 2018 - Top Stories - 0 Comments - Standard

PMG Receives $106M Refinancing for 464-Unit X Miami Apartment Tower Property Markets Group has received a $106 million refinancing for X Miami, a 464-unit multifamily community in downtown Miami. Pacific Western Bank provided the financing, which will pay off an existing $80 million construction loan from Centennial Bank. The 31-story tower that recently opened features units […]

Miami Commercial Real Estate News September 19, 2018: $100 Million Self-Storage Sale; Lissette Calderon Returns to River; Condo Glut Concerns; More…

Sep 19, 2018 - Top Stories - 0 Comments - Standard

Carlyle JV sells Miami-Dade self-storage portfolio for $100 million An entity tied to William Warren Group just paid $100 million for three self-storage buildings spread throughout Miami-Dade County. Property records show CRP/Westport Self Storage Dixie, a joint venture between the Carlyle Group and Westport Properties that operates as US Storage Centers, sold the buildings. The self-storage […]

Miami Commercial Real Estate News September 12, 2018: Commissioner, Little Havana Developer at Odds; Miami Skyscraper Facts & Figures; More…

Sep 12, 2018 - Top Stories - 0 Comments - Standard

Commissioner ‘Crazy Joe’ Carollo takes on Little Havana developer Go back in journalistic history to the year 2000 and there’s a little gem in The Economist about Joe Carollo, who is currently a city of Miami commissioner. “When the mayor of Miami, Joe Carollo, was a budding city commissioner in the mid-1980s, he earned the nickname […]

Miami Commercial Real Estate News September 5, 2018: New Development Proposed for Surfside; Development Approved for Coral Gables; More…

Sep 05, 2018 - Top Stories - 0 Comments - Standard

I Squared, Moving Headquarters to Miami, Raises $7 Billion for Infrastructure Investments I Squared Capital, an infrastructure-focused private equity firm founded by former Morgan Stanley executives, has raised $7 billion for its second fund, exceeding its original target as competition for investor capital heats up. The fund, known as ISQ Global Infrastructure Fund II, will make […]

Miami Commercial Real Estate News August 29, 2018: Second Hotel Coming to Miami Worldcenter; More…

Aug 29, 2018 - Top Stories - 0 Comments - Standard

Mall reuse 2.0: This LA firm wants to turn vacant mall space into transitional housing As landlords consider what to do with their faltering shopping malls, one idea is gaining traction statewide: repurposing unused space into housing for the homeless. Irvine-based KTGY Architecture + Planning is developing a new concept called Re-Habit, which would redevelop empty […]

Miami Commercial Real Estate News August 22, 2018: Mana Expands in Allapattah; Wennet’s Big Plans in Allapatah; More…

Aug 22, 2018 - Top Stories - 0 Comments - Standard

What is Melreese really worth? Experts consider value of Beckham’s proposed soccer site Miami voters will decide in November if an ownership group led by David Beckham and the Mas brothers can build a $1 billon mixed-use development on the site of the Melreese Country Club. The ambitious proposal would be anchored by a 25,000-seat […]

Miami Commercial Real Estate News August 8, 2018: Building Collapse Results in Death; Brightline Boosting Development; Popeyes HQ to Miami; More…

Aug 08, 2018 - Top Stories - 0 Comments - Standard

Project manager dies from injuries in Miami Beach building collapse A project manager died Friday from his injuries in what appeared to be a flawed effort to demolish the old Marlborough House condominium in Miami Beach. AlliedBean Demolition project manager Samuel Landis, a 46-year-old father and Lighthouse Point resident, had been in critical condition since July […]

Miami Commercial Real Estate News August 1, 2018: 100-Units Proposed for Little Havana; More Projects Going to a Vote; More…

Aug 01, 2018 - Top Stories - 0 Comments - Standard

Fed keeps interest rates steady, stresses “strong economy and job market” The Federal Reserve, led by Chairman Jerome Powell, decided not to raise interest rates on Wednesday, stressing that the economy and job market remain strong. Many expect the central bank to raise rates next month. The Fed also highlighted the low unemployment rate, and noted […]

Miami Commercial Real Estate News July 25, 2018: Building Collapses; Downtown Walgreens Building Trades; Beckham Proposal to a Vote; More…

Jul 25, 2018 - Top Stories - 0 Comments - Standard

Stambul Acquires Historic Walgreens Building in Downtown Miami for $19.8M, Plans Redevelopment Stambul, a Miami-based full-service construction and development firm, has acquired the Historic Walgreens Building in downtown Miami for $19.8 million. Located at 200 E. Flagler Street, the building most recently housed La Epoca, a department store that closed in 2016. Habitat Development Corp., […]

Miami Commercial Real Estate News July 18, 2018: Beckham’s Melreese Proposal Fiercely Debated; Metamorphosis in Coconut Grove; More…

Jul 18, 2018 - Top Stories - 0 Comments - Standard

Five Unanswered Questions About the New Beckham Stadium Proposal Soccer star and professional attractive person David Beckham spent a small portion of Thursday’s carnival-esqe city commission meeting complaining that anonymous Miamians haven’t been smiling at him as often lately. Only one woman publicly flashed him on Thursday! Poor Becks. Many Miami residents are, rightfully, skeptical about […]

Miami Commercial Real Estate News July 11, 2018: About Beckham’s $1 Billion Stadium Pitch; More…

Jul 11, 2018 - Top Stories - 0 Comments - Standard

Trammell Crow, AvalonBay to Develop 350-Unit Multifamily Community Near Miami Trammell Crow Residential, in partnership with AvalonBay Communities Inc., has unveiled plans to develop a 350-unit apartment community located at the corner of N.W. 36th Street and N.W. 79th Avenue in Doral, roughly 16 miles northwest of Miami. The residences will be part of a […]

Miami Commercial Real Estate News July 5, 2018: Hellman Sells Doral Headquarters; 302K SF Industrial Near MIA Trades; More…

Jul 05, 2018 - Top Stories - 0 Comments - Standard

ASB Acquires 302,000 SF Hialeah Industrial Property Near Miami Airport for $24.3 Million ASB Real Estate Investments has acquired a 302,000-square-foot industrial property in Hialeah for $24.3 million. The warehouse is located at 215 S.E. 10th Avenue, roughly 12 miles northwest of Miami and roughly two miles from Miami International Airport. The facility includes 23,000 […]

Miami Commercial Real Estate News June 28, 2018: Developer of Tallest Building Says More Coming; Duke Buys Hialeah Industrial Park for $180 Mil; More…

Jun 28, 2018 - Top Stories - 0 Comments - Standard

Okan Tower Will Redefine Downtown Miami As Florida’s Tallest Skyscraper Miami is a booming international city. Soon, it will be blooming too. Okan Tower, a 70-story flower-shaped architectural wonder will anchor the city’s surging skyline, ultimately unfolding as the tallest skyscraper in Florida. When completed, the versatile mix-used tower will soar 890 feet over downtown Miami […]

Miami Commercial Real Estate News June 20, 2018: KKR Buys Sabadell Financial Center for $250 Million; More…

Jun 20, 2018 - Top Stories - 0 Comments - Standard

Parkway Properties, KKR pay $250M for former Sabadell Financial Center: sources A partnership between Parkway Properties and investment giant KKR just paid $250 million for the former Sabadell Financial Center in Miami, sources told The Real Deal. The seller was Prudential Real Estate Investors, which bought the property in 2013 for $184.3 million, property records show. […]