Category: Top Stories

Miami Commercial Real Estate News November 13, 2019: Beckham Stadium Deal Delayed; Hotel-Condo Planned at Miami Worldcenter; Miami’s Office Market Strength; More…

Nov 13, 2019 - Top Stories - 0 Comments - Standard

Corporate and Economic Growth in Miami Drive Tenant, Investor Demand for Office Miami continues to be a top-ranked commercial real estate market in the Southeast United States. As the economy gears up to enter its longest expansion period in U.S. history, Miami has shown more resiliency than other South Florida markets, recording steady gains in […]

Miami Commercial Real Estate News November 6, 2019: Medical Buildings Trade; Cutler Bay Retail Center Sells; More…

Nov 06, 2019 - Top Stories - 0 Comments - Standard

Aventura Office Tower Tops Out Developer Inmobiliaria Brom has topped out Optima Onyx Tower, a Class A, 308,198-square-foot office high-rise in Aventura, Fla. General contractor NV2A Group broke ground on the project in 2017 and is on schedule for completion in the second quarter of 2020. The Onyx Tower is part of the Optima office […]

Miami Commercial Real Estate News October 30, 2019: Tower Beside Freedom Tower Approved; Museum Tower Sells for $65 Million, 1001 Brickell Bay for $157 Million: More…

Oct 30, 2019 - Top Stories - 0 Comments - Standard

Bridge Investment picks up downtown Miami’s Museum Tower for $65M Bridge Investment Group paid $64.6 million for downtown Miami’s Museum Tower, marking the company’s fourth office acquisition in South Florida this year. The Salt Lake City-based investment firm bought the 259,666-square-foot Class A office tower at 150 West Flagler Street for $250 per square foot, […]

Miami Commercial Real Estate News October 23, 2019: Miami 21 Zoning Changes Suggested; Opa-Locka Industrial trades for $126 Million; Land Acquired for 320K sf Industrial Spec; More…

Oct 23, 2019 - Top Stories - 0 Comments - Standard

Video: A-Rod Discusses Benefits and Pitfalls of Being a Celebrity Investor Alex Rodriguez has been investing in real estate for decades. He made his first purchase — a duplex outside of Miami that he needed a $48,000 downpayment for — when he was 22. That was, of course, before his $20 mil per annum salary […]

Miami Commercial Real Estate News October 16, 2019; Downtown Miami Office Tower Sells; Udonis Haslem Developing Affordable Housing; More…

Oct 16, 2019 - Top Stories - 0 Comments - Standard

Bridge Investment Group Purchases 259,666 SF Office Tower in Downtown Miami Bridge Investment Group LLC has purchased Museum Tower, a 29-story, 259,666-square-foot office building in downtown Miami. The property is located 150 W Flagler Street. The tower was originally built in 1986 and has undergone $3 million worth of renovations since 2016. Bridge plans to […]

Miami Commercial Real Estate News October 9, 2019: North Miami Beach Multifamily Project Approved; Esports Arena Coming to Miami; Langford Hotel Trades; More…

Oct 09, 2019 - Top Stories - 0 Comments - Standard

Matis Cohen and Galbut family score board approval for North Beach project, to include apartments and micro-units Matis Cohen and Marisa Galbut with the 72nd and Park rendering Matis Cohen and the Galbut family’s proposal to significantly make over Miami Beach’s Carlyle and Byron avenues scored an important approval Wednesday. The city’s design review board […]

Miami Skyline with Many Commercial Buildings

Miami Commercial Real Estate News October 2, 2019: Terra Closes on Loan for Grove Project; Blackstone Buys Miami Gardens Industrial Properties; More…

Oct 02, 2019 - Top Stories - 0 Comments - Standard

First Ground-Up OZ Project Comes to Miami Design District BH3 will develop an 86,000-square-foot retail project in Miami’s Design District, the 30-acre enclave featuring high-street shops, upscale restaurants, art galleries and hotels. The development will be the first and largest ground-up building to rise in this Designated Opportunity Zone. The project received its final and non-appealable […]

Miami Commercial Real Estate News September 25, 2019: WeWork Craziness; Lennar Leases New HQ; Virgin Hotel Coming to Miami; A-Rod Raising Capital; More…

Sep 25, 2019 - Top Stories - 0 Comments - Standard

Rent reform in New York, California propels new wave of multifamily investors to Miami First, it was tax reform that pushed CEOs, hedge fund managers and other high-net-worth individuals to South Florida. They were lured in by the favorable climate, luxury residential properties and most of all, substantial tax savings. Now, it is the multifamily […]

Miami Commercial Real Estate News September 18, 2019: Fed Cuts 0.25%; Urbanica Developing Hotel on Miami Beach; Tariff Effects on CRE; More…

Sep 18, 2019 - Top Stories - 0 Comments - Standard

Regency Miami near Beckham’s planned soccer complex trades for $26M A company tied to Miami investor Orlando Padron has acquired a 3.8-acre hotel property near Miami International Airport and David Beckham’s planned soccer and retail complex. OPB Capital Group Fund 1 LLC paid $25.8 million for the Regency Miami Hotel at 1000 Northwest 42nd Avenue. […]

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 […]