Category: Top Stories

Miami Commercial Real Estate News January 16, 2019: First Tower Completed at Miami Worldcenter; Pullman Miami Airport Hotel Trades; More…

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

Caoba, the first tower at $4 billion Miami Worldcenter project, completed The first building at Miami Worldcenter, a 27-acre, mixed-use project in downtown Miami is now completed. CIM Group and Falcone Group completed Caoba, a 444-unit rental tower, at 698 Northeast First Avenue, according to a press release. Rents start at $1,774 for a 349-square-foot studio […]

Miami Commercial Real Estate News January 9, 2019: City Tower May Go Next Door; $1.45 Billion in MIA Improvements Coming; Developer Promotes Passenger Drones; More…

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

City of Miami office tower site hunt may end up next door A study has determined the best place for a new City of Miami government office tower is right next door to the current one. The analysis is up for discussion on today’s (1/10) city commission agenda. Site selection is the next step after voters in […]

Miami Commercial Real Estate News January 2, 2019: Related Sells SLS Brickell Hotel; 1,042 Unit Downtown Rental Plans Filed; More…

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

Related Group sells SLS Brickell hotel for $43 million The Related Group sold the hotel component of SLS Brickell for $43 million, property records show. PRH 1300 Hotel LLC and PRH 1300 Shared LLC sold the 124-key hotel at 1300 South Miami Avenue to Brickell Miami LLC, a Delaware company managed by Francois Faber of Fiduciaire […]

Miami Commercial Real Estate News December 26, 2018: Creative Class A Office Project Coming to Wynwood; Biggest Deals of 2018; More…

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

Massa Investment pays $11.5M for retail space at Axis Brickell A company tied to Massa Investment Group just paid $11.5 million for retail space at Axis Brickell in Miami, records show. Lmnr Axis Properties LLC, which is managed by Menin Hospitality’s Keith Menin, sold the 13,724-square-foot property at the ground floor of the condo development. The property […]

Miami Commercial Real Estate News December 19, 2018: Fed Raises Rates; $425 Million Mixed-Use Coming to Health District; More…

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

Fed raises rates for fourth time in 2018 amid signs of market slowdown The Federal Reserve raised rates on Wednesday for the fourth time this year, citing a strengthening labor market and strong economic activity. The Fed raised the benchmark federal funds rate to between 2.25 percent and 2.5 percent. Rates are now at their highest level […]

Miami Commercial Real Estate News December 12, 2018: CitizenM Hotel Planned for Perricone’s Site; Big Mixed-Use Development in Hialeah; More…

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

CitizenM moves ahead with Brickell hotel on Perricone’s site CitizenM is moving forward with plans for what could be its first Miami hotel. The Dutch hotel chain is seeking a building permit for a hotel at 955 South Miami Avenue, on the site of Perricone’s Marketplace & Café in Brickell. Steven J. Perricone sold the property […]

Miami Commercial Real Estate News December 5, 2018: Mixed-Use Near MIA Breaks Ground; Diesel Condo Coming to Wynwood; More…

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

Century Homebuilders breaks ground on mixed-use project in Miami Sergio Pino’s Century Homebuilders Group has begun construction of 850 Le Jeune, a new mixed-use project near Miami International Airport. The developer and its partner, Pactia USA, are building 230 multifamily units and about 200,000 square feet of office space at 850 Northwest 42nd Avenue (also known […]

Miami Commercial Real Estate News November 28, 2018: Metronomic’s $74 Million Plan for West Grove; Lissette Calderon Eyes Allapattah; More…

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

Developer plans $74 million mixed-use project along Grand Avenue in Coconut Grove A Miami developer is under contract to purchase a large assemblage in the West Grove where it’s planning a $74 million, mixed-use project. Ricky Trinidad’s Metronomic announced plans for Grand Plaza, a 12-building development on Grand Avenue in Coconut Grove. Trinidad’s firm isn’t the […]

Miami Commercial Real Estate News November 21, 2018: Miami Beach Agrees to Taller Tower; Lehman Buys Industrial Land; More…

Nov 21, 2018 - Top Stories - 0 Comments - Standard

Simon sells site next to Miami International Mall to Lehman Car dealer William “Bill” Lehman Jr. just bought a strip of land next to Miami International Mall for $8.2 million, property records show. Lehman financed the deal with a $9.4 million loan from JP Morgan. It’s zoned for industrial development. Simon Property Group sold the 8.4 […]

Miami Commercial Real Estate News November 14, 2018: Amazon HQ2 Selection Made; Adler’s Miami River Project; More…

Nov 14, 2018 - Top Stories - 0 Comments - Standard

Here’s what’s next for Adler Group’s Miami River project On Tuesday, Miami residents voted to approve a referendum allowing the Adler Group to lease city-owned land along the Miami River, placing the developer one step closer to breaking ground on its multi-tower project. But before that, the city has to decide where it will move its […]

Miami Commercial Real Estate News November 7, 2018: Voters Approve Beckham Stadium, Convention Center Hotel; Amazon HQ2 Decision Nears; More…

Nov 07, 2018 - Top Stories - 0 Comments - Standard

Metronomic plans Little Havana office project SieteOcho A new office development is planned for Little Havana. Metronomic just announced plans to build a five-story office project called SieteOcho at 640 Southwest Eighth Avenue. The project would mark one of the first new office developments in the area, amid a surge of new boutique multifamily construction. The company […]

Miami Commercial Real Estate News October 31, 2018: Beckham Stadium, Other Real Estate Projects on the Ballot; Wynwood Inventory to Double; More…

Oct 31, 2018 - Top Stories - 0 Comments - Standard

Here are the major real estate projects on the ballot in Miami After years of jumping around Miami for a site to build a multimillion-dollar Major League Soccer stadium, David Beckham and his partners will be asking City of Miami residents to approve their latest pitch. Fueled by Jorge Mas and his brother Jose, the new […]

Miami Commercial Real Estate News October 24, 2018: Miami Remains in the Mix for Amazon HQ2; Grove Isle Owners Fight Redevelopment; More…

Oct 24, 2018 - Top Stories - 0 Comments - Standard

As HQ2 announcement approaches, Amazon execs are revisiting NYC, Chicago, Miami Some cities are getting another look from Amazon as the announcement for where the e-commerce giant will set up its second headquarters looms. New York City, Chicago, Newark, Miami and the Washington, D.C. area all had recent follow-up visits from Amazon executives, according to the […]

Miami Commercial Real Estate News October 17, 2018: Developments Proposed for Allapattah, Edgewater, Overtown; City National Bank Gains Signage Rights at Miami Tower; More…

Oct 17, 2018 - Top Stories - 0 Comments - Standard

Developers propose mixed-use projects in Allapattah, Edgewater and Overtown Developer Robert Wennett, Mill Creek Residential, and Estate Investments Group are taking their projects to the city of Miami’s Urban Development Review Board on Wednesday. Modera Biscayne Bay: Mill Creek Residential plans to acquire the properties at 412 Northeast 22nd Street and 436 Northeast 22nd Street in Edgewater […]

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 […]