Category: Top Stories

Miami Commercial Real Estate News July 20, 2022: $300M Office Tower Planned for Design District, 57 Story Apt Tower for Downtown, 700 MF Units for North Miami; More…

Jul 20, 2022 - Top Stories - 0 Comments - Standard

Steve Ross’ plan to redevelop oceanfront Deauville into Frank Gehry-designed project heads to Miami Beach voters After securing the blessing of the majority of the Miami Beach City Commission, billionaire developer Stephen Ross’ proposal to build a two-tower residential and hotel complex on the site of the historic Deauville Beach Resort is heading to voters […]

Miami Commercial Real Estate News July 13, 2022: Mary Brickell Village Shops Trades for $216M; 593 Unit MF on River Planned; More…

Jul 13, 2022 - Top Stories - 0 Comments - Standard

RPT Realty buys Shops at Mary Brickell Village for $216M RPT Realty picked up the Shops at Mary Brickell Village for $216 million, marking the latest major real estate deal in the Miami neighborhood. New York-based RPT Realty, through an affiliate, bought the retail at 900 and 901 South Miami Avenue, as well as at […]

Miami Commercial Real Estate News July 7, 2022: Soleste Grand Central Sells for $181M, First Apartments for $94M, Miami Tower for $164M; Office Vacancy Drops; More…

Jul 07, 2022 - Top Stories - 0 Comments - Standard

Jimmy Resnick joins South Florida shopping center buying spree with $32M Kendall purchase A Miami Beach investor is the latest retail player to catch South Florida’s shopping center wave with a $32 million purchase in Kendall. An entity with ties to Jimmy Resnick bought Kendall Marketplace at 11531-11631 Southwest 88th Street, records show. The buyer […]

Miami Commercial Real Estate News June 29, 2022: Citadel Moving to Miami, Seen Behind $363M Land Purchase; Calder’s Horse Track Sold for $287M; More…

Jun 29, 2022 - Top Stories - 0 Comments - Standard

Griffin’s Citadel seen behind record $363 million Miami land purchase Ken Griffin’s plans to shift Citadel’s headquarters to Miami from Chicago gained momentum months ago with a record-breaking acquisition on the South Florida waterfront. Griffin and his company were behind the $363 million purchase of a 2.5-acre vacant site at 1201 Brickell Bay Drive, according to […]

Miami Commercial Real Estate News June 22, 2022: 60-Story Edgewater Dev Rejected; Wennett Sells Warehouse Near Miami Produce Center; MB Hampton Inn Trades; More…

Jun 22, 2022 - Top Stories - 0 Comments - Standard

Pebb Capital, LeaseFlorida Sell Hampton by Hilton Hotel in Miami Beach for $43.9M A partnership between investors Pebb Capital and LeaseFlorida has sold Hampton by Hilton at The Continental, a historic hotel located at 4000 Collins Avenue in Miami Beach. The undisclosed buyer, a privately held limited liability company, purchased the 100-room hotel for $43.9 million. […]

Miami Commercial Real Estate News June 15, 2022: Trion Snags First Area Multifamily for $87M; Mana Sells NMB Office Building for $20M; Miami Office Construction Increasing; More…

Jun 15, 2022 - Top Stories - 0 Comments - Standard

Trion enters Miami-Dade with $87M multifamily purchase Trion Properties made its Miami-Dade County debut with the $87.3 million purchase of a rental complex in the Fontainebleau neighborhood, marking unwavering investment appetite in the multifamily market. Trion, based in Miami and West Hollywood, California, bought the 294-unit Art 88 at 8855 Fontainebleau Boulevard, according to a Trion […]

Miami Commercial Real Estate News June 8, 2022: Knight Center Redevelopment Plans Gain Ground; Edgewater MF Trades for $211M; Former Epicure Site Sold; More…

Jun 08, 2022 - Top Stories - 0 Comments - Standard

Hyatt, Gencom advance three-tower project planned for Knight Center site Developers’ nearly $2 billion plan to build a hotel and multifamily towers on the Miami River site of the James L. Knight Center and Hyatt complex in downtown Miami is gaining ground. The Miami River Commission unanimously voted on Monday to move forward the proposal […]

Miami Commercial Real Estate News June 1, 2022: A&E District Dev Site Sells for $49M, Lincoln Road Building for $94M, Downtown Assemblage for $58M; Office Vacancy Steady; More…

Jun 01, 2022 - Top Stories - 0 Comments - Standard

Developer pays $49M for Arts & Entertainment District dev site with plans for 540-unit rental tower LCOR is making its South Florida development debut with plans for a 540-unit apartment tower in Miami’s growing Arts & Entertainment District. Berwyn, Pennsylvania-based LCOR, through an affiliate, bought 1.1 acres of land at 1775 Biscayne Boulevard from an […]

Miami Commercial Real Estate News May 25, 2022: $204M Luxury MF Planned Near Coconut Grove; Surfside Collapse Site to Sell for $120M to Sole Bidder; More…

May 25, 2022 - Top Stories - 0 Comments - Standard

Hidrock Properties partners with Alex Karakhanian on Miami A&E dev site Alex Karakhanian sold a development site in Miami’s Arts & Entertainment District to a joint venture between New York-based Hidrock Properties and Karakhanian’s Lndmrk Development, The Real Deal has learned. The joint venture paid $19 million for the 0.9-acre property at 1601 North Miami […]

Miami Commercial Real Estate News May 18, 2022: Wynwood Hotel Gets Miami Board OK; Best Buy Anchored Shopping Center Fetches $18 Million; More…

May 18, 2022 - Top Stories - 0 Comments - Standard

Dacar scores $81M loan for Publix-anchored mixed-use project in Hialeah Dacar Management will crank up construction on a Hialeah mixed-use project with 244 apartments and a retail component anchored by Publix, Burlington and HomeGoods. Affiliates of the Dania Beach-based commercial real estate firm scored an $81 million construction loan from New York Life Insurance Company, […]

Miami Commercial Real Estate News May 11, 2022: Pair of Downtown Miami Buildings Sell for $57M; Miami Beach Hotel Under Contract for $232M; More…

May 11, 2022 - Top Stories - 0 Comments - Standard

Vertical Cold Storage buys Medley freezer facility for $66M A North Sioux City, South Dakota-based cold storage real estate firm breezed into South Florida’s industrial market with a $66 million deal in Miami-Dade County. Vertical Cold Storage, led by President and CEO Curt Mastbergen, bought a 274,191-square-foot freezer facility at 11801 Northwest 102 Road in […]

Miami Commercial Real Estate News May 4, 2022: Beckham MLS Stadium Approved; Southland Mall Sells for $100M; Land Secured for $220M Multifamily Development; More…

May 04, 2022 - Top Stories - 0 Comments - Standard

Miami approves major lease for Beckham soccer stadium mixed-use development From left: David Beckham, former professional footballer and current president and co-owner of Inter Miami CF; Francis Suarez, mayor of Miami; and Jorge Mas, chairman, MasTec, along with a rendering of Miami Freedom Park: The city of Miami commission chambers erupted into cheers and applause […]

Miami Commercial Real Estate News April 27, 2022: A $500M Bet on Flagler Street; Miami Rents 3rd Priciest in USA; Miami’s 22 Tallest Towers Under Construction; More…

Apr 27, 2022 - Top Stories - 0 Comments - Standard

Moishe Mana spent $500 million on Miami’s Flagler Street. Can he make his vision reality? On a warm weekday afternoon, billionaire immigrant entrepreneur Moishe Mana, who took control of much of downtown Miami’s tattered Flagler Street district in an eight-year $500 million buying spree, arrives to tour the first of his 70 properties to go […]

Miami Commercial Real Estate News April 20, 2022: Naranja Multifamily Sells for $69.5M; Semi-Trailer Parking Lots in Medley, North Miami-Dade Trade; More…

Apr 20, 2022 - Top Stories - 0 Comments - Standard

New York investor Bayview Partners pays $69.5M for Naranja apartment complex Bayview Partners paid $69.5 million for an apartment complex in south Miami-Dade County’s Naranja neighborhood. Bayview bought the South Pointe complex at 13720 Southwest 272nd Street from an affiliate of the project’s developer, Garco, according to the broker. Tal Frydman of Newmark represented both […]

Miami Commercial Real Estate News April 14, 2022: Miami’s 58% Rent Spike Leads Nation; South Beach Office Building Trades for $52M; More…

Apr 14, 2022 - Top Stories - 0 Comments - Standard

Miami leads nation with 58% rent spike during the pandemic Miami led the U.S. in rent hikes during the pandemic. Miami’s median apartment rent skyrocketed 58 percent to $2,988 per month since March 2020, according to a newly released report from Realtor.com. Median rents increased nationwide by 19.3 percent to a new high of $1,807, […]

Miami Commercial Real Estate News April 6, 2022: $500M Buyout Offered for Aging Miami Beach Condo; 600 Unit MF Proposed Near Dadeland; Wynwood Property Flipped for 75% Gain in 3 Months; More…

Apr 06, 2022 - Top Stories - 0 Comments - Standard

Related, 13th Floor offer $500M for aging, oceanfront Miami Beach Castle Beach Club condo building Owners of an aging, oceanfront condo building in Miami Beach who banded together late last year in hopes of finding a bulk buyer have their wish granted. The Related Group and 13th Floor Investments offered $500 million to buy out […]

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