South Florida office rents rise in Q4 South Florida businesses looking to catch a break on their rent may have to wait another year. Office rental leasing rates rose in the tri-county area in the fourth quarter, year-over-year, according to a newly released report. Miami’s office rents rose for the eighth quarter in a row, […]
Madison Marquette Acquires Two Office Buildings in Miami’s Coconut Grove for $47.7M Madison Marquette, a real estate investor, developer and operator, has acquired two office buildings in Miami’s Coconut Grove neighborhood for $47.7 million. The properties include the 80,380-square-foot Continental Plaza, located at 3250 Mary Street and the 57,155-square-foot Bayview Executive Plaza, situated at 3225 […]
David Edelstein sells Wynwood site to AMLI for $35 Million David Edelstein and a rendering of the Wynwood site Developer David Edelstein sold an assemblage in Wynwood to multifamily giant AMLI Residential, The Real Deal has learned. Edelstein of New York-based TriStar Capital sold the “45 Winwood” development site to AMLI for $35 million. Together, […]
Luxury athletic resort to take over Bloomingdale’s space at The Falls Life Time Fitness will be bulking up the Bloomingdale’s space at The Falls, as malls around the country try to adapt to the changing retail environment. The company plans to break ground on a 140,000-square-foot luxury athletic resort after Bloomingdale’s closes its doors later […]
Multi-use redevelopment of Wynwood industrial sites OK’d A set of interconnected buildings is designed to bring a mix of residential, retail and office uses to a block in Wynwood, along with major murals and other art treatments and a large courtyard. With a current title of Dorsey, the major mixed-use project is proposed by developer […]
Miller Construction Completes Two Industrial Buildings Totaling 318,043 SF in Miami Central Commons Miller Construction Co. has completed two buildings for Orlando-based Foundry Commercial, creating 318,043 square feet of industrial space within the Miami Central Commons business park. Located at 2301 NW 107th Ave. in Doral, 11 miles northwest of Miami, Building 1 contains showroom […]
All rise: Miami-Dade commissioners approve $267M downtown Miami courthouse project The Miami-Dade County Commission on Tuesday unanimously approved a deal with Plenary Group to build a new $267 million civil courthouse in downtown Miami. The proposed 23-story building will replace the 1928-era courthouse at 73 West Flagler Street that was the site of a trial […]
Terra plans massive multifamily project in northwest Miami-Dade Industrial builder and operator Prologis sold a site in northwest Miami-Dade to Terra for $52 million, as development continues heading west. Terra plans to turn the 70-acre site, along Northwest 170th Street between I-75 and the Florida Turnpike, into a multifamily project with 1,369 apartments. Terra financed […]
CitizenM, Miami Worldcenter Associates Break Ground on 351-Room Downtown Hotel Netherlands-based hotel chain citizenM and developer Miami Worldcenter Associates have broken ground on a new citizenM hotel in downtown Miami. The hotel will be part of a $4 billion mixed-use development called Miami Worldcenter. Owner, operator and developer citizenM and master developer of the mixed-use […]
HGreg parks $75M in Nissan dealership in Palmetto Bay HGreg acquired a Nissan dealership from AutoNation in Palmetto Bay for $75 million, marking the largest car dealership sale in South Florida this year. The dealership, HGreg Nissan Kendall, includes a 71,500-square-foot building and sits on 14.25 acres at 17305 South Dixie Highway. The property sold […]
Related Group Breaks Ground on Phase II of $650M River Parc Project in Miami’s Little Havana The Related Group, along with the Department of Public Housing and Community Development and SunTrust Bank, has broken ground on Phase II of River Parc in Miami’s Little Havana neighborhood. Phase II consists of the 150-unit Gallery at River […]
Corporate and Economic Growth in Miami Drive Tenant, Investor Demand for Office Miami continues to be a top-ranked commercial real estate market in the Southeast United States. As the economy gears up to enter its longest expansion period in U.S. history, Miami has shown more resiliency than other South Florida markets, recording steady gains in […]
Aventura Office Tower Tops Out Developer Inmobiliaria Brom has topped out Optima Onyx Tower, a Class A, 308,198-square-foot office high-rise in Aventura, Fla. General contractor NV2A Group broke ground on the project in 2017 and is on schedule for completion in the second quarter of 2020. The Onyx Tower is part of the Optima office […]
Bridge Investment picks up downtown Miami’s Museum Tower for $65M Bridge Investment Group paid $64.6 million for downtown Miami’s Museum Tower, marking the company’s fourth office acquisition in South Florida this year. The Salt Lake City-based investment firm bought the 259,666-square-foot Class A office tower at 150 West Flagler Street for $250 per square foot, […]
Video: A-Rod Discusses Benefits and Pitfalls of Being a Celebrity Investor Alex Rodriguez has been investing in real estate for decades. He made his first purchase — a duplex outside of Miami that he needed a $48,000 downpayment for — when he was 22. That was, of course, before his $20 mil per annum salary […]
Bridge Investment Group Purchases 259,666 SF Office Tower in Downtown Miami Bridge Investment Group LLC has purchased Museum Tower, a 29-story, 259,666-square-foot office building in downtown Miami. The property is located 150 W Flagler Street. The tower was originally built in 1986 and has undergone $3 million worth of renovations since 2016. Bridge plans to […]
