Category: Top Stories

Miami Commercial Real Estate News September 11, 2019; Fountainebleau Wants Expansion; Warehouse Trades Near Amazon Distribution Center; More…

Sep 11, 2019 - Top Stories - 0 Comments - Standard

Jeffrey Soffer wants to expand the Fontainebleau Miami Beach Nearly 15 years after his family acquired and renovated the Fontainebleau Miami Beach, Jeffrey Soffer wants to expand his trophy resort. Soffer is seeking to add a new building that will house more ballrooms and a 500-space parking garage. According to a recent memo sent to […]

Miami Commercial Real Estate News September 4, 2019: Miami Office Construction Hits Record; Impact on CRE of Dorian’s Near Miss; More…

Sep 04, 2019 - Top Stories - 0 Comments - Standard

Hurricane Dorian spared South Florida but will still cost developers and contractors Most general contractors are back to work in South Florida, after securing and shutting down their job sites last week in anticipation of Hurricane Dorian’s arrival. While South Florida escaped the storm’s wrath, developers and contractors saw their costs rise as the days […]

Brickell City Centre, Miami, Florida Retail and Office Commercial Real Estate

Miami Commercial Real Estate News August 28, 2019: $178 Million Hialeah Industrial Sale; China City Construction Sells Development Site; More…

Aug 28, 2019 - Top Stories - 0 Comments - Standard

RREEF America buys Hialeah industrial property for $178M An affiliate of Deutsche Bank bought the Centergate at Gratigny in Hialeah for $178 million, marking South Florida’s largest industrial sale of the year to date. RREEF America bought the three-building property at 5801 and 6301 East 10th Avenue from Newark, New Jersey-based PGIM, records show. Centergate […]

Miami Commercial Real Estate News August 21, 2019: WeWork IPO Disclosure Anxiety; Arsenic at Beckham Stadium Site; Melo Edgewater Plans Revealed; More…

Aug 21, 2019 - Top Stories - 0 Comments - Standard

Melo Group reveals plans for massive 60-story towers in Edgewater Melo Group has finally unveiled its plans to build two 60-story waterfront residential towers in Edgewater. The Miami-based developer is planning to build 782 units and 9,000 square feet of ground floor retail and commercial space at the property at 700 Northeast 24th Street. The […]

Miami Commercial Real Estate News August 14, 2019: Pair of Miami Beach Hotels Sell for $140M; Brickell Office Project Lands $300M Loan; More…

Aug 14, 2019 - Top Stories - 0 Comments - Standard

Joint Venture Expands Beachfront Footprint with Acquisition of Two Hotels in Miami Beach for $139.9M A joint venture between SHVO, Bilgili Group and Deutsche Finance Group (DFG) has acquired the Richmond Hotel at 1757 James Avenue, Richmond Apartments, and South Seas Hotel at 1751 Collins Avenue for a total of $139.9 million. The companies purchased South […]

Miami Commercial Real Estate News August 7, 2019: Two West Miami-Dade Multifamily Property Sales; Mayor Vetoes Babylon Rezoning; Bayside Ferris Wheel Gets Nod; More…

Aug 07, 2019 - Top Stories - 0 Comments - Standard

Westover picks up Green Briar West Apartments near Westchester for $55 million Green Briar West Apartments (Credit: Google Maps) The Westover Companies bought a 331-unit apartment complex near Westchester for $55 million. King of Prussia, Pennsylvania-based Westover Companies bought the Green Briar West Apartments at 9615 Southwest 24th Street for $166,163 per unit. The seller […]

Miami Commercial Real Estate News July 31, 2019: Lawsuit Threatens Magic City Innovation District; Miami’s Retail Rent Growth Highest in USA; Kushner Buys in Wynwood; More…

Jul 31, 2019 - Top Stories - 0 Comments - Standard

Miami Tops The Nation For Retail Rent Growth Miami-area retail rents increased almost 2% from Q1 to Q2 this year, a pace of rent growth that leads the nation, according to Colliers International’s most recent market reports for South Florida, released last week. Miami’s retail rents now average just under $37 per SF. Roughly 460K […]

Miami Skyline with Many Commercial Buildings

Miami Commercial Real Estate News July 24, 2019: 800 Brickell Sells for $126 Million; Trump National Doral May Host G-7; More…

Jul 24, 2019 - Top Stories - 0 Comments - Standard

Gatsby Enterprises pays $126M for 800 Brickell Deutsche Bank’s RREEF sold a Brickell office building to Gatsby Enterprises for $125.5 million, according to sources. Gatsby Enterprises, a New York-based real estate firm led by principal Nader Shalom, and Master Mind LLC, led by Babak Ebrahimzadeh, closed on 800 Brickell, CBRE said. The 2-acre property includes […]

Miami Commercial Real Estate News July 17, 2019: Beckham’s MLS Stadium Elicits MIA Concerns; A-Rod Scores Grove Property for Corporate Office; More…

Jul 17, 2019 - Top Stories - 0 Comments - Standard

Headwinds from soccer stadium deal worry MIA As Miami nears a deal for a soccer stadium and commercial complex beside Miami International Airport, county lawmakers want to know how that will affect the area’s biggest economic engine. A county commission committee Tuesday advanced a directive to administrators sponsored by Rebeca Sosa to detail in 90 […]

Miami Commercial Real Estate News July 10, 2019: Whitmans Get $550 Million Loan for Bal Harbour Shops; Hotel Planned for Dadeland Mall; More…

Jul 10, 2019 - Top Stories - 0 Comments - Standard

Live, work, stay? Dadeland Mall is getting its own hotel Rendering of the AC Hotel by Marriott at Dadeland Mall and David Simon (Credit: DLR Group) Simon Property Group is planning an AC Hotel by Marriott at the Dadeland Mall. The retail real estate investment trust will build a 177-room, seven-story hotel on the northwest […]

Miami Commercial Real Estate News July 3, 2019: Miami Approves Land Swap for New Admin Building; River Commission Fighting Development Plan; More…

Jul 03, 2019 - Top Stories - 0 Comments - Standard

Baywood buys site in Blue Lagoon to build 225-room hotel 1101 Northwest 57 Avenue Miami (Credit: Google Maps) Baywood Hotels paid $10.5 million for part of a lot in the Waterford at Blue Lagoon office park where it has approval to build a 225-room hotel. Baywood bought the 1.4-acre property at 1101 Northwest 57 Avenue […]

Brickell City Centre, Miami, Florida Retail and Office Commercial Real Estate

Miami Commercial Real Estate News June 26, 2019: 550 Biltmore in Gables Sells for $54 Mil; Co-Working Operator Buys Building on Biscayne; More…

Jun 26, 2019 - Top Stories - 0 Comments - Standard

Rieber Developments to Build Seniors Housing, Mixed-Use Tower in Aventura Rieber Developments has unveiled plans for 12|12 Aventura, a mixed-use project with offices for medical professionals, a luxury senior living component and retail. The project is planned for a plot in Aventura, a northern suburb of Miami. Designed by Arquitectonica, 12|12 Aventura will be a […]

Miami Commercial Real Estate News June 19, 2019: Bayside Marketplace May Get Ferris Wheel; Regions Bank Building in Coral Gables Trades; More…

Jun 19, 2019 - Top Stories - 0 Comments - Standard

TA Realty pays $60M for Regions Bank building in Coral Gables TA Realty bought the Regions Bank building in Coral Gables, amid growing interest in the city’s office Class A office market. The company paid $60 million for the property, sources said. The Boston-based firm acquired the 15-story, 146,202-square-foot Class A office building at 2800 Ponce […]

Miami Commercial Real Estate News June 12, 2019: Apartment Boom in Wynwood; WeWork to Take 4 Floors in Southeast Financial Center; More…

Jun 12, 2019 - Top Stories - 0 Comments - Standard

CREC Capital Purchases Retail Center in Homestead for $62.3 Million CREC Capital has purchased Homestead Pavilion, a 302,346-square-foot retail center at 2400 NE 10th Court in Homestead, for $62.3 million. The property is situated on 42.1 acres and includes a six-acre site for future development. CREC Capital plans to hold the undeveloped portion of the property […]

Miami Commercial Real Estate News June 5, 2019: Plaza Coral Gables Nabs $100 Mil Loan; Beckham Group Submits Lease Draft for Melreese; Miami Cited as Emerging Tech Center; More…

Jun 05, 2019 - Top Stories - 0 Comments - Standard

Beckham group submits draft lease deal for Miami Freedom Park complex David Beckham and his partners moved forward with their plans to redevelop the Melreese Country Club property in Miami into a $1 billion mega mixed-use soccer complex. Miami Freedom Park submitted a draft lease agreement to the city of Miami that outlines the terms of […]

Miami Commercial Real Estate News May 29, 2019: Tallest Proposed Projects; Health District Office Property Trades; Major MXU Planned for Ojus; More…

May 29, 2019 - Top Stories - 0 Comments - Standard

Here are the tallest projects proposed in Miami More than 20 years ago, residential skyscrapers started sprouting up in Brickell and downtown Miami, slowly replacing low-rising condo and apartment buildings, older hotels and retail buildings. Today, Miami boasts the third tallest skyline in the U.S., trailing only New York City and Chicago with over 300 high-rises. Fueled […]