Category: Top Stories

Miami Commercial Real Estate News January 3, 2018: Largest Multifamily, Retail, Industrial Property Sales in 2017; More…

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

Bobby Cayre pays $15M for Miami Beach retail building New York investor Bobby Cayre just paid $15 million for a retail building on Lincoln Road. Property records show Rand Real Estate Services affiliate CLR Lincoln Associates sold the building at 337 Lincoln Road in Miami Beach to 337 Lincoln Road Holdings, controlled by Cayre. The buyer […]

Miami Commercial Real Estate News December 27, 2017: Stake in Courvoisier Centre Sold; Biggest Office Deals of 2017; More…

Dec 27, 2017 - Top Stories - 0 Comments - Standard

Cousins Properties sells interest in Courvoisier Centre in Miami’s Brickell Key Cousins Properties, an Atlanta-based real estate investment trust, just sold its 20 percent interest in the Courvoisier Centre office complex in Miami’s Brickell Key for $33.9 million. The Courvoisier Centre, a 343,000-square-foot office complex at 501 and 601 Brickell Key Drive, was purchased in 2014 […]

Miami Commercial Real Estate News December 20, 2017: Design District Building Sells for $22 Million; More…

Dec 20, 2017 - Top Stories - 0 Comments - Standard

Karakhanian sells Design District building Developer Alex Karakhanian sold a building housing an international fashion school in the Miami Design District to Stockbridge Capital for $22 million. Karakhanian’s Lndmrk Development sold the property at 3701 Northeast Second Avenue for $1,000 per square foot, according to a press release. Milan-based Istituto Marangoni is leasing the 22,000-square-foot, seven-story building. […]

Miami Commercial Real Estate News December 6, 2017: Omni Mixed-Use Approved; Cirque du Soleil Founder Partnering in Little Haiti; More…

Dec 06, 2017 - Top Stories - 0 Comments - Standard

Split decision on new mixed-use towers in Miami’s Omni area One of two mixed-use residential projects planned for Miami’s Omni neighborhood won a green light from a city review board last week as the other was deferred for more design work. Both are from The Melo Group, a family development company championed for building more affordable […]

Miami Commercial Real Estate News November 30, 2017: Near 700 Units Coming to River; Brickell City Centre Leased Up; More…

Nov 30, 2017 - Top Stories - 0 Comments - Standard

698 Housing Units Planned at Bend of Miami River A developer plans nearly 700 residential units in two buildings on a large vacant lot at a bend in the Miami River. The project is to include 1,000 feet of public riverwalk and a small public waterfront park with a playground. The Miami River Commission is expected to […]

Miami Commercial Real Estate News November 15, 2017: Target to Open in South Beach; Tax Plan Implications; More…

Nov 15, 2017 - Top Stories - 0 Comments - Standard

Historic Olympia Theater offer may still spark renovation A developer’s proposal to renovate the historic Olympia Theater building at 174 East Flagler Street in downtown Miami may be the catalyst for a restoration of the entire property – even though the proposal was withdrawn after voices of opposition were raised. Now the owner of the famous […]

Miami Commercial Real Estate News November 8, 2017: Apartments Proposed on Miami River Shore; Miami Rents Dip in October; More…

Nov 08, 2017 - Top Stories - 0 Comments - Standard

Rental apartment building proposed on shore of Miami River A developer is proposing to construct a rental building with 63 market-rate apartments on the south shore of the Miami River at 1515 NW South River Drive. Antonio P. Pardo of 1515 Miami River LLC is requesting land use and zoning changes on the property from the […]

Miami Commercial Real Estate News November 1, 2017: Related Withdraws Olympia Theater Proposal; Aetna Buys Former Barney’s Building; More…

Nov 01, 2017 - Top Stories - 0 Comments - Standard

Related withdraws proposed theater renovation and redevelopment A unit of Miami-based Related Group withdrew an unsolicited proposal to renovate the historic Olympia Theater in downtown Miami at 174 East Flagler Street and convert 80 apartments above the theater to affordable housing units. Related Urban Development Group proposed the theater renovation and the residential project in a […]

Miami Commercial Real Estate News October 25, 2017: American Dream Miami Mega-Mall Progressing; Vote May Transform North Beach; More…

Oct 25, 2017 - Top Stories - 0 Comments - Standard

American Dream Miami developer picks up more land for mega-mall Developer Triple Five Group just paid $10.8 million for land in northwest Miami-Dade County, where it plans to build the American Dream Miami mega-mall, property records show. Coral Gables-based Genesis Partner Development Enterprises LLC sold four parcels on Northwest 170th Street and Northwest 97th Avenue, just […]

Miami Commercial Real Estate News October 18, 2017: Wynwood Site Listed for $45 Million; Micro Apartments Coming to Doral; More…

Oct 18, 2017 - Top Stories - 0 Comments - Standard

Related Group plans for Olympia Theater building put off again A Related Group subsidiary’s proposal to redevelop the Olympia Theater building in downtown Miami was put off for a second time last week, as the organization that runs the theater voiced objections to the plan to alter the historic building. The proposal was supposed to get […]

Miami Commercial Real Estate News October 11, 2017: 73-Story Tower, 43-Story Sleek Hotel Proposed for Downtown Miami; One Park Square Sells for $96 Million; More…

Oct 11, 2017 - Top Stories - 0 Comments - Standard

Turkish developers plan 73-story downtown Miami tower A surface parking lot in the heart of downtown Miami is destined for new heights – Turkish developers plan a 73-story tower to be called The Sterling. The nearly 966-foot tower is to be home to a 300-room hotel, 363 dwellings, commercial-retail and office space. The architectural team says the […]

Miami Commercial Real Estate News October 4, 2017: Israeli Firm Buys Office Building Near MIA; Culinary Pop-Up Coming to Miami River; More…

Oct 04, 2017 - Top Stories - 0 Comments - Standard

Israeli investment firm buys office building near Miami International Airport An Israeli investment firm just paid $10.9 million for an office building near Miami International Airport, according to a release. Netz U.S.A. LLC bought the 82,763-square-foot building from Montreal, Canada-based entity TMSA Altis 5040 LLC. The nine-story building, 50Forty on 7th, at 5040 Northwest 7th Street, […]

Miami Commercial Real Estate News September 27, 2017: Walmart Anchored Center Hits Market; Downtown Doral Bids for Amazon HQ2; More…

Sep 27, 2017 - Top Stories - 0 Comments - Standard

Walmart-anchored center in Miami Gardens hits the market at $12.5 milliont A Walmart-anchored shopping center in Miami Gardens just hit the market for $12.5 million, according to a press release. The 62,500-square-foot shopping plaza at 3791 Northwest 167th Street is asking about $200 per square foot. Records show North Miami Beach-based Macken Companies bought the 7-acre […]

Miami Commercial Real Estate News September 20, 2017: Irma Damage Estimate Now $65 Billion; Metro Mall Site Hit Market; More…

Sep 20, 2017 - Top Stories - 0 Comments - Standard

Hurricane Irma damage now estimated at up to $65 billion Property damage from Hurricane Irma is now estimated to reach $42.5 billion to $65 billion, with as much as $30 billion for flood-ravaged homes not covered by insurance, according to a newly released report from CoreLogic. The total figure includes both insured and uninsured losses for […]