Category: Top Stories

Miami Commercial Real Estate News April 14, 2021: Miami-Beach 7-Eleven Sells for $11 Million; Dezer Partnering with Bentley for Sunny Isles Development; More…

Apr 14, 2021 - Top Stories - 0 Comments - Standard

Capital Realty affiliate sells South Miami office and retail building for $5M An affiliate of Capital Realty Services sold a mixed-use office and retail building along South Miami’s Sunset Drive for $5 million. Sunset One Properties sold the property at 5875-5887 Sunset Drive to 5875 Sunset Group, a Hollywood-based investment group led by Stanley and […]

Miami Commercial Real Estate News April 7, 2021: Hialeah Industrial Properties Sell for $50 Mil, Acre at Worldcenter for $20 Million; Inflation Expectations Rising; More…

Apr 07, 2021 - Top Stories - 0 Comments - Standard

Codina Partners’ plan for Coral Gables rental tower advances with three-way property swap Codina Partners’ plan for a high-end rental tower in Coral Gables is a step closer… As part of the three-way trade, Codina Partners bought a 1.3-acre development site… bought Coral Gables’ former police building at 2801 Salzedo Street from the city for […]

Miami Commercial Real Estate News March 31, 2021: Miami Beach’s Tallest to Break Ground; City Furniture Leases 287k sf Industrial; More…

Mar 31, 2021 - Top Stories - 0 Comments - Standard

City Furniture leases Miami Gardens distribution center City Furniture leased a nearly 287,000-square-foot building at Bridge Point Commerce Center in Miami Gardens, another deal marking the strength of South Florida’s industrial market. The Fort Lauderdale-based furniture retailer led by founder Keith Koenig will open a distribution center at Bridge Development Partners’ under… Bridge Development Lands […]

Miami Commercial Real Estate News March 24, 2021: Blackstone Snags MiamiCentral Buildings for $230 Million; Galbut’s NMB MXU Project Scores Approval; More…

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

Blackstone buys MiamiCentral office buildings for $230 million Blackstone Group paid about $230 million for the office buildings at Brightline’s MiamiCentral station, marking one of the largest investment sales to close in South Florida this year. Funds managed by New York-based Blackstone Real Estate bought 2MiamiCentral and 3MiamiCentral from San Francisco-based Shorenstein Properties, according to […]

Miami Commercial Real Estate News March 17, 2021: Coconut Grove Residence Inn Sells; Kushner Breaks Ground on Wynwood Project; More…

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

Kushner starts construction on first South Florida development, scores $80M loan Laurent Morali and Charles Kushner with a rendering of their Wynwood project Kushner Companies started construction on its first South Florida development with partner Block Capital Group. The developers are financing construction of their Wynwood project with a roughly $80 million loan from Axos […]

Miami Commercial Real Estate News March 10, 2021: Miami River Marina Trades; Site for Planned Sports Entertainment Facility Sells; More…

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

RCI Group sells River Cove Marina in Miami for $11M Real estate and marina developer and owner RCI Group sold a marina on the Miami River for $11 million. Records show RCI Group affiliate 2000 Miami River Marina sold the 72-slip River Cove Marina to Cove Marina Holding, a Delaware entity. Built in 2009, the […]

Miami Commercial Real Estate News March 3, 2021: Ground Broken for Coconut Grove MXU TOD; City Commission Approves Zoning Change for Jungle Island; More…

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

Terra, Grass River Break Ground on Grove Central Mixed-Use Project in Miami Terra and Grass River Property Co. have broken ground on a new mixed-use project in Miami called Grove Central. Located at 2780 SW 27th Court, the transit-oriented development will include a new 23-story residential tower comprising 402 market-rate, workforce and co-living units; a […]

Miami Commercial Real Estate News February 24, 2021: Target Signs at CentroCity; Southland Mall Seized by Lender; Miami Beach Hotel Trades; More…

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

Target Signs 77,000 SF Lease with Terra for CentroCity Mixed-Use Development in Miami Target has signed a 77,000-square-foot lease as part of Terra’s CentroCity mixed-use redevelopment located at 3825 NW 7th Street in Miami. Construction is expected to start this summer. Arquitectonica and RSP Architects are designing CentroCity. As part of the CentroCity project, Terra […]

Miami Commercial Real Estate News February 17, 2021: Metronomic Auction Bids Due; Aman Hotel & Residences Project Snags Key Approval; More…

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

Video: Integra Realty Resources’ Viewpoint 2021; Economic Outlook, Capital Markets, and Interest Rates Anthony Graziano, the CEO of Integra Realty Resources, which bills itself as a world-class, comprehensive commercial real estate market research, valuation, and advisory services company, joins America’s Commercial Real Estate Show to discuss his company’s Viewpoint 2021 report. He talks about the […]

Miami Commercial Real Estate News February 10, 2021: Former Pepsico Site Trades for $55 Million, 45 Acre Development Site for $53.5 Million; More…

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

Sale of Monty’s Coconut Grove Mixed-Use Marina in Miami Arranged JLL Capital Markets has arranged the sale of Monty’s Coconut Grove, a fully leased mixed-use marina in Miami’s Coconut Grove neighborhood. Also known as Bayshore Landing, the property features retail, office and restaurant. Manny de Zárraga, Luis Castillo, Ted Taylor and Kim Flores of JLL […]

Miami Commercial Real Estate News February 3, 2021: Big Tech, Wall Street Head to South Florida; Miami Lakes Industrial Sells for $18 Million; More…

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

New York Real Estate Developers Flock to Miami as the Big Apple Struggles New York families are not the only ones migrating to Florida in search of lower taxes, a better quality of life and year-round warm weather. Since the onset of the pandemic, a growing number of New York real estate developers have been […]

Miami Commercial Real Estate News January 27, 2021: Downtown 64-Story MXU Lands Financing as Building Renovated by WeWork Faces Foreclosure; More…

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

Make-A-Wish pays $8M for Overtown dev site The South Florida branch of nonprofit Make-A-Wish paid about $8 million for 1.6 acres of land in Miami’s Overtown neighborhood. Make-A-Wish bought the land at 350 Northwest Sixth Street, according to a press release. The nonprofit plans to build the 30,000-square-foot Finker-Frenkel House for administrative offices, donor events […]

Miami Commercial Real Estate News January 20, 2021: How Miami is Recruiting Tech & Finance Firms; Retail Rent Collection Back to 90%; More…

Jan 20, 2021 - Top Stories - 0 Comments - Standard

Atlanta Fed: Beige Book Finds Scattered Bright Spots amid Pandemic Economy Economic conditions in the Southeast continue to be shaped by the COVID-19 pandemic, as overall activity expanded modestly and scattered bright spots emerged from mid-November through December, according to the latest Beige Book report of economic conditions from the Federal Reserve Bank of Atlanta. Labor […]

Miami Commercial Real Estate News January 13, 2021: Hialeah Warehouses Sell for $108 Mil, Homestead MF for $67 Mil; South Miami Medical Property for $37 Million; More…

Jan 13, 2021 - Top Stories - 0 Comments - Standard

CenterPoint pays $184M for warehouses at Hialeah business park CenterPoint Properties Trust continued its buying spree at a Hialeah business park. The Oakbrook, Illinois-based industrial real estate developer and manager paid $184.4 million for two warehouses and land at and near 4040 West 108th Street, inside Countyline Corporate Park, according to records. The seller is […]

Miami Commercial Real Estate News January 6, 2021: Blackstone Leases at MiamiCentral; Sunset Shoppes, Midtown Miami Apartments, Costco Owned Dev Site Trade; More…

Jan 06, 2021 - Top Stories - 0 Comments - Standard

Magellan sells Midtown Miami apartments for $154M Magellan Development Group sold its 400-unit Midtown Miami apartment tower for $154.35 million. The Chicago-based developer sold the 26-story tower, called Midtown Five, near the intersection of First Avenue and 32nd Street at 125 NE 32 Street, according to records. The buyer is an affiliate of Sterling Equities. […]

Miami Commercial Real Estate News December 30, 2020: TA Buys Industrial Properties Back; 2020’s Biggest Office, Industrial Leases, Lawsuits; More…

Dec 30, 2020 - Top Stories - 0 Comments - Standard

TA Realty buys back industrial property in Hialeah as part of $52M deal TA Realty bought back pieces of an industrial portfolio in Hialeah in a deal totaling $52 million. Cofe Properties sold the assemblage of more than 40 parcels at and near 2500 West 84th Street, 1604 West 31st Place and 2440 West Eighth […]

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Within these pages, you will find infomation related to Miami area commercial real estate, Miami-Dade County commercial property. Most specifically, you will find information about retail, multifamily, office, and industrial property in the Miami, Florida area. This will include information about lease rates, price trends, closed transactions, rumored transactions, economic statistics, capitalization rates, vacancy rates, rental rates, and development related to commercial real estate in the Miami area.

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