Category: Top Stories

Miami Commercial Real Estate News May 20, 2020: Strength in Industrial; Pier 1 Shuttering; More…

May 20, 2020 - Top Stories - 0 Comments - Standard

Miami-Dade County’s Industrial Market Sees Healthy Activity Amid COVID-19 Headwinds The Miami-Dade industrial market saw a prolific year in 2019, followed by a healthy, yet slower first quarter in 2020. PortMiami’s record-shattering fiscal year 2019, with cargo operations posting 1.1 million twenty-foot equivalent units (TEUs) and cruise passengers totaling a world’s best 6.8 million passenger total, […]

Miami Commercial Real Estate News May 13, 2020: Wynwood Assemblage Secured; 636-Unit Self-Storage Trades; Aventura MXU Breaks Ground; O2 for Hotels; More…

May 13, 2020 - Top Stories - 0 Comments - Standard

636-Unit Self-Storage Property in Miami Trades JLL has arranged the sale of 21st Century Self Storage, a 636-unit facility in Miami. The 37,242-square-foot asset features climate-controlled units and 26 parking spaces. The building was originally constructed in the 1950s and was converted to self-storage in 2003. The building is located at 200 NW 79th Street […]

View of downtown Miami from Key Biscayne Bridge

Miami Commercial Real Estate News May 6, 2020: Glimpses of Improvement; McArthur Dairy, Little River Self-Storage Sell; Retail Pain Persists; More…

May 06, 2020 - Top Stories - 0 Comments - Standard

Fortune and Château score $119 million refi for Sunny Isles condo project Fortune International Group and Château Group scored $119 million in refinancing from Bank OZK for their planned La Playa de Varadero condo development in Sunny Isles Beach. The developers are planning to build two 56-story condo towers on the vacant site at 18801 […]

Miami Commercial Real Estate News April 29, 2020: Salmon Farm Snags $210M Loan; New Owner for China City’s Dev Site; CMX Cinemas Travails; More…

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

Homestead salmon farm reels in $210M construction loan An under-construction salmon farm in Homestead just reeled in $210 million in refinancing. Atlantic Sapphire secured the construction loan for the four-phased development at 22275 Southwest 272nd Street from DNB Bank, according to a spokesperson for Holland & Knight. Attorneys Alberto Hernandez and Elena Otero and associates […]

Miami Commercial Real Estate News April 22, 2020: COVID-19, Woes for Retail & Lodging, Navigating; MIA Gets $207 Million; More…

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

Retailers exposed: Who’s paying rent and who’s not As commercial landlords receive requests for rent relief, discerning whether the call for help is driven by hardship or strategy has been weighing on many. A new report titled “Who’s paying rent and who’s not” provides some insight. It documents which national retail and restaurant chains paid […]

Miami Commercial Real Estate News April 15, 2020: PwC, Miami Developers on Commercial Property COVID-19 Impact; Retail’s Dreadful Month; More…

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

Video: PwC Partner Mitch Roschelle Discusses Coronavirus Impact on Economy, Commercial Property The is significant and growing international concern with regard to the potential human and economic impact of coronavirus, also referred to as COVID-19. Mitch Roschelle, Partner withPricewaterhouseCoopers , joins America’s Commercial Real Estate Show to talk about how markets may react and in […]

Miami Skyline with Many Commercial Buildings

Miami Commercial Real Estate News April 8, 2020: Sweetwater Office Properties Trade; COVID-19 Hotel Occupancy, CRE Tenancy Effects; More…

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

Procacci sells two office buildings near Dolphin Mall for $29M Procacci Development Corp. sold two office buildings in Sweetwater for a combined price of $29.3 million. Boca Raton-based Procacci Development sold the buildings at 11430 Northwest 20th Street and 11410 Northwest 20th Street, near Dolphin Mall, to New York-based Innovatus Capital Partners, according to records. […]

Miami Commercial Real Estate News April 1, 2020: Rent Relief Efforts Abound; Doral Apartments Sell for $100 Million; More…

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

Related, Shoma, PGIM sell Doral apartments for $100 million amid coronavirus pandemic The Related Group, Shoma Group and PGIM Real Estate Investors sold The Flats Apartments at CityPlace Doral for $100 million, marking the largest deal to close in South Florida during the coronavirus pandemic. Harbor Group International paid $330,000 per unit for the two-tower, […]

Miami Commercial Real Estate News March 25, 2020: COVID-19 Impacts Continue; Industrial Near Airport Sells; More…

Mar 25, 2020 - Top Stories - 0 Comments - Standard

Mac Papers inks deal, sells warehouse near MIA for $15M A major paper supplier sold its warehouse near Miami International Airport for $14.6 million. Jacksonville-based Mac Papers sold the 137,872-square-foot warehouse at 5900 Northwest 176th Street in Miami for $105 per square foot, records show. Spirit Master Funding X LLC, tied to Dallas-based Spirit Realty […]

Miami Commercial Real Estate News March 18, 2020: COVID-19 Impacts; Starwood Buys Homestead Multifamily; WeWork Bailout Drama; More…

Mar 18, 2020 - Top Stories - 0 Comments - Standard

SoFla landlords, retailers brace for coronavirus impacts FroCommercial landlord Scott Sherman is trying to get ahead of potential losses and hardship South Florida retail tenants are facing. His Miami-based Tricera Capital is giving them the ability to defer rent payments for the near future, as bars and restaurants are forced to close and the fallout […]

Miami Commercial Real Estate News March 4, 2020: Mana Spars with Developers re Wynwood BID as Spotify Leases Within; Big Industrial Lease in Miami Gardens; More…

Mar 04, 2020 - Top Stories - 0 Comments - Standard

Developers speak out against Moishe Mana as he compares Wynwood campaign to the Arab Spring As Miami Mayor Francis Suarez and other elected officials urged a truce, Moishe Mana and current and former members of Wynwood Business Improvement District intensified their attacks on one another at competing meetings Tuesday. In recent weeks, Mana sent messages […]

Miami Commercial Real Estate News February 26, 2020: Mana Seeks to Nix Wynwood BID; Miami-Dade Industrial Sales Top $1 Billion; More…

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

Moishe Mana Wants Wynwood BID Dismantled; Both Sides Call Emergency Meetings This week, Moishe Mana, one of Miami’s largest landholders, has been circulating an online petition imploring people to “Save Wynwood,” warning that some stakeholders want to stop nightlife in the district at 11 p.m. At press time, it had over 22,000 signatures. He has […]

Miami Commercial Real Estate News February 19, 2020: Fountainebleu Reveals Proposed Addition; Jewelry District’s Metro Mall Renovation Begins; More…

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

Fontainebleau Miami Beach reveals proposed addition Jeffrey Soffer wants to build a new garage at Fontainebleau Miami Beach, with top-floor ballrooms. The proposed garage will be strictly for employees, which means hotel guests will continue to valet at the entrance of the storied resort. Miami Beach’s land use committee on Thursday recommended the project after […]

Brickell City Centre, Miami, Florida Retail and Office Commercial Real Estate

Miami Commercial Real Estate News February 12, 2020: Seniors Housing Portfolio Trades; Industrial Remains Strong; More…

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

A three-story mini-golf is coming to Brickell City Centre A London mini-golf company signed its first lease in Miami and its largest to date, at Brickell City Centre, as mall owners across the country shake up their tenant mix. Puttshack is leasing a three-story, 29,000-square-foot space above Luna Park Food Hall, which replaced the Italian […]

Miami Commercial Real Estate News February 5, 2020: Shelborne South Beach Sells for $120 Million; Change Afoot in the Grove; More…

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

Russell Galbut, WP Carey sell Shelborne South Beach W.P. Carey and Russell Galbut sold the oceanfront Shelborne South Beach, which was marketed for sale in the $120 million range, The Real Deal has learned. Dallas-based Westdale Real Estate Investment & Management acquired the majority of the condo-hotel rooms at the 257-key condo-hotel at 1801 Collins […]

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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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