Category: Top Stories

Miami Commercial Real Estate News February 2, 2022: Miami River Development Site Hits Market; Industrial Market Sets Records; More…

Feb 02, 2022 - Top Stories - 0 Comments - Standard

Witkoff, Monroe plan three 57-story towers on Miami Worldcenter site Witkoff and Monroe Capital proposed a 3.4 million-square-foot, mixed-use addition to the Miami Worldcenter development downtown. An affiliate of New York-based Witkoff and Chicago-based Monroe plans to build three towers on the 4.7-acre site at 700 North Miami Avenue. The buildings could each be up […]

Miami Commercial Real Estate News January 26, 2022: Element Hotel Near MIA Sells; Historic Deauville to be Demolished; South Miami Dev Sites Bought; More…

Jan 26, 2022 - Top Stories - 0 Comments - Standard

Miami-Dade judge tosses out Hotel Greystone lawsuit In another court win for Hotel Greystone owner Branden Muhl, a Miami-Dade judge tossed out his ex-partner’s lawsuit accusing him of a hostile takeover of the South Beach property. Miami-Dade Circuit Court Judge Alan Fine last week dismissed an amended complaint filed by Greystone Hospitality, a company managed […]

Miami Commercial Real Estate News January 20, 2022: Miami River Multifamily Development Phase 2 Begun; Edgewater Denny’s Dev Site Sells; Downtown Miami’s Biggest Residential Dev Ever is Planned; More…

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

Mast Capital JV reels in $71M loan for Miami River multifamily development A Mast Capital-led joint venture reeled in a $70.5 million loan to begin construction of a 342-unit apartment building on the Miami River. An affiliate of the Coconut Grove-based developer and its Boston-based partner, AEW Capital Management, secured construction financing for the project […]

Miami Commercial Real Estate News January 12, 2022: 100 Biscayne Sells for $90M, Homestead Shopping Center for $92M; MLS Stadium Deal Faces Vote; More…

Jan 12, 2022 - Top Stories - 0 Comments - Standard

Aby Rosen’s RFR buys 100 Biscayne office tower in downtown Miami for about $90M: sources Aby Rosen’s New York City-based firm RFR Holding paid about $90 million for an office building in downtown Miami that had been tied up in litigation, sources told The Real Deal, as out-of-state investors continue to bet on the region’s […]

Miami Commercial Real Estate News January 5, 2022: 3-Acre Wynwood Assemblage Trades; Westland Mall Sold via $149M Loan Assumption; More…

Jan 05, 2022 - Top Stories - 0 Comments - Standard

In $7M deal, Terranova adds another Miracle Mile building to Coral Gables portfolio In a $6.8 million deal, Terranova added another Miracle Mile retail building to its Coral Gables portfolio. The Miami Beach-based commercial real estate firm headed by Chairman Stephen Bittel bought the one-story site at 93 Miracle Mile, making it the 15th property […]

Miami Commercial Real Estate News December 29, 2021: 400 Unit 2.6M sf Brickell Development Planned; Doral Industrial Properties Sell for $29M; More…

Dec 29, 2021 - Top Stories - 0 Comments - Standard

Mast Capital Unveils Plans for Miami Development Mast Capital has added another project to break ground on in 2022 after acquiring the land for its three-building master-planned development in Miami. The company, alongside equity partner Rockpoint, acquired a 2.8-acre site located at 1420 S Miami Avenue in the city’s Brickell neighborhood for $103 million in […]

Miami Commercial Real Estate News December 22, 2021: Dream Hotel Planned for Riverside Wharf; Edgewater MXU Dev Site Trades for $105M; Year’s Biggest Deals; More…

Dec 22, 2021 - Top Stories - 0 Comments - Standard

Riverside Wharf plans entertainment complex with hotel Slated to break ground in 2022, the Riverside Wharf will soon be the newest entertainment attraction along the Miami River. Projected to be completed in 2025, the 200,000-square-foot, two-tower development plans to offer a fully immersive Miami experience anchored by a 165-room Dream Miami luxury hotel. The complex […]

Miami Commercial Real Estate News December 15, 2021: Miami Rent Growth Skyrockets; Miami Worldcenter Nabs $340M Financing; More…

Dec 15, 2021 - Top Stories - 0 Comments - Standard

As rent explodes nationally, Miami tops the charts up 38% In a year of robust growth in rents, five of the 10 cities where they soared the most were in Florida. Miami and Tampa rents skyrocketed 38 percent, the highest gains nationwide. Rents also shot up in Orlando, Jacksonville and St. Petersburg, by 32 percent, […]

Miami Commercial Real Estate News December 8, 2021: Edgewater Multifamily Sells for $67M, LeJeune Office Buildings for $45M; Arts & Entertainment Block for $105M; More…

Dec 08, 2021 - Top Stories - 0 Comments - Standard

Video: Q4 Multifamily Update with RealPage Senior Manager-Market Analytics Carl Whitaker Given what has been going on in multifamily, this one is must see video. Discussed are southeast markets, concentrating on Florida, noting that something like 9 out of the top 30 markets are in Florida. Addressed in whether the increased demand in Zoom towns […]

Miami Commercial Real Estate News December 1, 2021: Calle Ocho Mobile Home Parks Trade for $50M; 5 Level Cargo Hub Considered for MIA; More…

Dec 01, 2021 - Top Stories - 0 Comments - Standard

Malibu firm picks up mobile home parks near Coral Gables for $50M A Malibu-based real estate firm paid $50 million to acquire two mobile home parks on Southwest Eighth Street… 1989 Sunny Court LLC, an affiliate of Marquis Property Company, bought the Silver Court park at 3200 Southwest Eighth Street and the Sunnyside/West Haven mobile […]

Miami Commercial Real Estate News November 24, 2021: Little Havana Multifamily Trades for $105M, Medley Industrial for $9M; Real Estate Issues and Build Back Better; More…

Nov 24, 2021 - Top Stories - 0 Comments - Standard

Ivanhoé Cambridge picks up Little Havana apartment complex for $105M With a $104.8 million purchase, a Canadian real estate development firm is the new owner of the InTown apartment complex in Miami’s Little Havana neighborhood. An affiliate of Ivanhoé Cambridge picked up the two-tower, 15-story multifamily project at 1900 Southwest Eighth Street, according to records. The […]

Miami Commercial Real Estate News November 17, 2021: Miami Group to Buy Trump DC Hotel for $375M; Miami Gardens Retail Pair Trade for $47M; More…

Nov 17, 2021 - Top Stories - 0 Comments - Standard

Miami Market Update: Investor Interest Drives Pipeline Growth As of September, Miami’s office development pipeline reached 2.9 million square feet, up 6.9 percent month-over-month, according to CommercialEdge data. The under-construction supply represented 4.3 percent of the metro’s total stock, significantly exceeding the the national average of 2.4 percent. The national under construction pipeline has… Construction on […]

Miami Commercial Real Estate News November 10, 2021: $310M Financing Granted for Miami River MXU; Bay Harbor Hotel Trades for $10M; More…

Nov 10, 2021 - Top Stories - 0 Comments - Standard

Miami, West Palm Beach, Fort Lauderdale Among Markets Where Apartment New Lease Trade-Out is Much Higher With new lease trade-out reaching historic peaks recently, some apartment markets are seeing incredible momentum pace significantly ahead of renewal lease trade-out. In the nation overall, a surge in leasing activity in recent months led to an all-time high […]

Miami Commercial Real Estate News November 3, 2021: 1.9M sf Resi MXU Planned for Blue Lagoon; Pair of Self-Storage Properties Trade for $43M; More…

Nov 03, 2021 - Top Stories - 0 Comments - Standard

Alex Karakhanian buys multifamily development site north of downtown Miami Developer Alex Karakhanian acquired a site in Miami’s Arts & Entertainment District for close to $15 million, The Real Deal has learned. A partnership led by Karakhanian’s Lndmrk Development acquired the property at 1635 North Miami Avenue, Karakhanian confirmed. Records show JRSY Limited, led by […]

Miami Commercial Real Estate News October 27, 2021: Dadeland Multifamily Sells for $114M; Brickell Church Votes to Sell to Developer; More…

Oct 27, 2021 - Top Stories - 0 Comments - Standard

Lerner Acquires Miami Tower for $114M Looking to build up a portfolio of South Florida communities, Lerner Enterprises has acquired a 294-unit high-rise community in Miami. The company purchased Motion at Dadeland from a joint venture led by Adler Group and 13th Floor Investments, in partnership with Barings LLC, for $114 million. Lerner also received […]

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