Category: Top Stories

Miami Commercial Real Estate News September 2, 2020: J.C. Penney’s May Liquidate, Other Retail Woes; Opa-Locka Multfamily Project Gets Financing; More…

Sep 02, 2020 - Top Stories - 0 Comments - Standard

Redwood JV Lands Financing for Opa-Locka 112-Unit Townhome Project A gated lakefront townhome project that will offer affordable homes received a $19 million construction loan. Redwood National Properties, an affiliate of BAS Holdings Investments LLC, alongside its joint venture partner Winston Capital Partners LLC, received the financing from City National Bank of Florida. DWNTWN Realty […]

Miami Commercial Real Estate News August 26, 2020: Edgewater’s Hamilton Multifamily Sells; Miami Beach Endorses 250-Story Aman Tower; More…

Aug 26, 2020 - Top Stories - 0 Comments - Standard

Despite mounting opposition, Miami Beach board endorses taller Aman tower Developers Vlad Doronin and Len Blavatnik can now go to the Miami Beach City Commission with proposed legislation that would allow them to build a 250-foot tall tower on the site of the Versailles building in the Faena District. The billionaire developers face mounting opposition […]

Miami Commercial Real Estate News August 19, 2020: $106 Million Allapattah Redev Breaks Ground; Health District Properties Trade; More…

Aug 19, 2020 - Top Stories - 0 Comments - Standard

Related Urban Kicks Off $106M Allapattah Redevelopment Related Group and Miami-Dade County have broken ground on Three Round Towers B&C/Brisas del Este, a $106 million affordable housing redevelopment project in the Allapattah neighborhood. The 383-unit Opportunity Zone project will draw on federal, state and county funds for the rehabilitation of two existing towers and the […]

Miami Commercial Real Estate News August 12, 2020: Former Hialeah Ramada, Miami Gardens Winn-Dixie Center Trade; Simon, Authentic Brands to buy Brooks Brothers; More…

Aug 12, 2020 - Top Stories - 0 Comments - Standard

Carson, Rubio To Celebrate Groundbreaking Of Biggest OZ Project In Miami-Dade Housing and Urban Development Secretary Ben Carson, Sen. Marco Rubio and others are expected to be on-site in Allapattah Thursday to celebrate a groundbreaking at Three Round Towers, a low-income housing complex that is undergoing a renovation. The $106M redevelopment project is the largest […]

Chart: Miami-Dade Commercial Property Sales Within Normal Range ~ July 2020 MLS

Aug 12, 2020 - Top Stories - 0 Comments - Standard

In this month’s chart of two year trailing sales of Miami-Dade commercial properties tracking, for the period from August 2018 to July 2020, sales of both improved and vacant land, it is evident that the level is holding within a normal range. This “holding pattern” follows a brief dip in April and May as the […]

Miami Commercial Real Estate News August 5, 2020: Oligarch’s Offices Raided; Dunkin Closing 800 Locations; We Troubles; Employment Steady; More…

Aug 05, 2020 - Top Stories - 0 Comments - Standard

Federal agents raid Cleveland and Miami offices of company tied to Ukrainian oligarch Agents with the FBI and the Internal Revenue Service on Tuesday raided two offices belonging to Optima Management Group, a company with ties to a Ukrainian oligarch, federal law enforcement sources tell CBS News. The federal agents conducted the raid of Optima […]

Miami Commercial Real Estate News July 29, 2020: Industrial Strong, Office Concerning; Miami Lakes Industrial Trades for $22 Million, Brickell City Centre Office Towers $163 Million; More…

Jul 29, 2020 - Top Stories - 0 Comments - Standard

SoFla industrial market’s Q2 is strongest quarter in three years South Florida’s industrial real estate market’s second quarter proved to be its strongest period in three years, according to a recently released report from Newmark Knight Frank. In the second quarter, South Florida’s industrial market saw a 51 percent uptick in net absorption, representing the […]

Miami Commercial Real Estate News July 22, 2020: Multifamily Near Airport, Miami Beach’s Paris Theater, Dev Site at Miami Worldcenter Trade; Office Market Evolving; More…

Jul 22, 2020 - Top Stories - 0 Comments - Standard

Parkway, KKR Complete $10M Renovation of Brickell Miami Office Tower, Sign Three Retail Tenants Parkway Real Estate Services LLC and joint venture partner KKR have completed their $10 million renovation of Sabadell Financial Center, a 30-story, 524,000-square-foot office tower at 1111 Brickell Avenue. The waterfront property overlooks Biscayne Bay. Parkway Real Estate and KKR acquired […]

Miami Commercial Real Estate News July 15, 2020: Broward’s Largest Office Tower Trades; Cold Storage Spec to be Built; Hialeah CVS Sells; More…

Jul 15, 2020 - Top Stories - 0 Comments - Standard

Bridge Development, PGIM to Develop 312,103 SF Cold Storage Facility Near Miami Bridge Development Partners and PGIM Real Estate will develop Bridge Point Cold Logistics Center, a 312,103-square-foot cold storage facility in Hialeah. The joint venture expects to deliver the speculative property in fourth-quarter 2021. The 20.1-acre site is situated at the intersection of NW […]

Miami Commercial Real Estate News July 8, 2020: Industrial Freezer Trades for $13 Mil; Chapter 11 for Brooks Brothers as AMC Avoids; 12-Story Multifamily to be Built in Wynwood; More…

Jul 08, 2020 - Top Stories - 0 Comments - Standard

Ivy Realty snags industrial freezer in Miami for $13M Ivy Realty snagged an 80,000-square-foot industrial freezer facility in north Miami-Dade County for $13.25 million. Montvale, New Jersey-based Ivy Realty bought the property at 650 Northeast 185th Street in Miami for $165 per square foot, according to a press release. The seller, Best Freezer Holdings LLC, […]

Miami Commercial Real Estate News July 1, 2020: Wynwood Co-Living Project Approved; Prominent Developer Civil Trial This Week; More…

Jul 01, 2020 - Top Stories - 0 Comments - Standard

East End Capital scores approval for co-living project in Wynwood Foyer Wynwood and Jonathon Yormak East End Capital secured approval for a co-living development in Wynwood. The Miami Urban Development Review Board this week approved Foyer Wynwood, a 12-story, 236-unit project on North Miami Avenue, between 24th and 25th streets, according to a press release. […]

Miami Commercial Real Estate News June 24, 2020: Renowned NY Developer Plans MXU for Wynwood; CCIM Chief Econ on Economy, CRE; More…

Jun 24, 2020 - Top Stories - 0 Comments - Standard

Video: CCIM Chief Economist K.C. Conway on What to Expect Moving Forward for the Economy, Commercial Real Estate In this two part video series, CCIM Chief Economist K.C. Conway, CCIM, MAI, CRE, joins the host of America’s Commercial Real Estate Show to discuss what to expect move forward. Among the discussions expectations for jobs, property […]

Miami Commercial Real Estate News June 17, 2020: American Dream Miami Mega Mall Progressing; Beckham Stadium Developers Propose Rezoning; More…

Jun 17, 2020 - Top Stories - 0 Comments - Standard

Triple Five “inching closer” to construction on American Dream Miami Triple Five Group is still planning to move forward with its American Dream mega mall in Miami-Dade, even as the Canadian development group is staring down billions of dollars of debt payments for its other malls. Triple Five, led by the Ghermezian family, completed a […]

Miami Commercial Real Estate News June 10, 2020: Closed CRE Sales & Sales to List Price Charts; Medley Warehouses Trade for $27 Million; Retail Woes Continue; More…

Jun 10, 2020 - Top Stories - 0 Comments - Standard

Brookfield pays $27 million for Medley warehouses Brookfield Property Partners is increasing its presence in South Florida’s booming industrial market. The real estate arm of the Toronto-based asset manager purchased two industrial warehouses at 10800 Northwest 92nd Terrace in Medley for $26.9 million, records show. Oviedo, Florida-based A. Duda & Sons sold the warehouses. The […]

Miami Commercial Real Estate News June 3, 2020: 266K Hialeah Gardens Industrial to be Developed; AMC Theaters on the Ropes; The Fed on CRE; More…

Jun 03, 2020 - Top Stories - 0 Comments - Standard

Easton Group to Develop 266,000 SF Warehouse In Hialeah Gardens Easton Group will develop a 266,000-square-foot warehouse in Hialeah Gardens near Miami. An affiliate of Easton acquired an 8.5-acre site for $8.2 million. In September, a different Easton affiliate bought an adjacent 8.5-acre site for $5.6 million. Easton will develop the 266,000-square-foot property across the […]

Miami Commercial Real Estate News May 27, 2020: Coral Gables Whole Foods Anchored Mixed Use Trades; Virgin Trains Seeks to Add 5 Stations; More…

May 27, 2020 - Top Stories - 0 Comments - Standard

Virgin Trains seeks $350M to build five stations in Miami-Dade Virgin Trains is proposing a major expansion of the commuter rail service, funded mostly by Miami-Dade County. Virgin Trains USA is seeking $350 million from the county to build up to five train platforms between downtown Miami and Aventura, as well as related infrastructure that would […]

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