Category: Top Stories

Miami Commercial Real Estate News December 11, 2019: Big Multifamily Planned for NW Miami-Dade; Miami May Ban Special Area Plans; More…

Dec 11, 2019 - Top Stories - 0 Comments - Standard

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 […]

Miami Commercial Real Estate News December 4, 2019: Citizen M at Worldcenter Breaks Ground, New Tallest Will Soon; Miami River Development Approved; More…

Dec 04, 2019 - Top Stories - 0 Comments - Standard

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 […]

Miami Commercial Real Estate News November 27, 2019: LeBron to Open Flagship Store in Wynwood; Palmetto Bay Nissan Dealership Trades; More…

Nov 27, 2019 - Top Stories - 0 Comments - Standard

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 […]

Miami Commercial Real Estate News November 20, 2019: $650 Million Riverpark Phase II Breaks Ground; Riverside Miami Opening in December; More…

Nov 20, 2019 - Top Stories - 0 Comments - Standard

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 […]

Miami Commercial Real Estate News November 13, 2019: Beckham Stadium Deal Delayed; Hotel-Condo Planned at Miami Worldcenter; Miami’s Office Market Strength; More…

Nov 13, 2019 - Top Stories - 0 Comments - Standard

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 […]

View of downtown Miami from Key Biscayne Bridge

Miami Commercial Real Estate News November 6, 2019: Medical Buildings Trade; Cutler Bay Retail Center Sells; More…

Nov 06, 2019 - Top Stories - 0 Comments - Standard

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 […]

Miami Commercial Real Estate News October 30, 2019: Tower Beside Freedom Tower Approved; Museum Tower Sells for $65 Million, 1001 Brickell Bay for $157 Million: More…

Oct 30, 2019 - Top Stories - 0 Comments - Standard

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, […]

Miami Commercial Real Estate News October 23, 2019: Miami 21 Zoning Changes Suggested; Opa-Locka Industrial trades for $126 Million; Land Acquired for 320K sf Industrial Spec; More…

Oct 23, 2019 - Top Stories - 0 Comments - Standard

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 […]

Miami Commercial Real Estate News October 16, 2019; Downtown Miami Office Tower Sells; Udonis Haslem Developing Affordable Housing; More…

Oct 16, 2019 - Top Stories - 0 Comments - Standard

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 […]

Miami Commercial Real Estate News October 9, 2019: North Miami Beach Multifamily Project Approved; Esports Arena Coming to Miami; Langford Hotel Trades; More…

Oct 09, 2019 - Top Stories - 0 Comments - Standard

Matis Cohen and Galbut family score board approval for North Beach project, to include apartments and micro-units Matis Cohen and Marisa Galbut with the 72nd and Park rendering Matis Cohen and the Galbut family’s proposal to significantly make over Miami Beach’s Carlyle and Byron avenues scored an important approval Wednesday. The city’s design review board […]

Miami Skyline with Many Commercial Buildings

Miami Commercial Real Estate News October 2, 2019: Terra Closes on Loan for Grove Project; Blackstone Buys Miami Gardens Industrial Properties; More…

Oct 02, 2019 - Top Stories - 0 Comments - Standard

First Ground-Up OZ Project Comes to Miami Design District BH3 will develop an 86,000-square-foot retail project in Miami’s Design District, the 30-acre enclave featuring high-street shops, upscale restaurants, art galleries and hotels. The development will be the first and largest ground-up building to rise in this Designated Opportunity Zone. The project received its final and non-appealable […]

Miami Commercial Real Estate News September 25, 2019: WeWork Craziness; Lennar Leases New HQ; Virgin Hotel Coming to Miami; A-Rod Raising Capital; More…

Sep 25, 2019 - Top Stories - 0 Comments - Standard

Rent reform in New York, California propels new wave of multifamily investors to Miami First, it was tax reform that pushed CEOs, hedge fund managers and other high-net-worth individuals to South Florida. They were lured in by the favorable climate, luxury residential properties and most of all, substantial tax savings. Now, it is the multifamily […]

Miami Commercial Real Estate News September 18, 2019: Fed Cuts 0.25%; Urbanica Developing Hotel on Miami Beach; Tariff Effects on CRE; More…

Sep 18, 2019 - Top Stories - 0 Comments - Standard

Regency Miami near Beckham’s planned soccer complex trades for $26M A company tied to Miami investor Orlando Padron has acquired a 3.8-acre hotel property near Miami International Airport and David Beckham’s planned soccer and retail complex. OPB Capital Group Fund 1 LLC paid $25.8 million for the Regency Miami Hotel at 1000 Northwest 42nd Avenue. […]

Miami Commercial Real Estate News September 11, 2019; Fountainebleau Wants Expansion; Warehouse Trades Near Amazon Distribution Center; More…

Sep 11, 2019 - Top Stories - 0 Comments - Standard

Jeffrey Soffer wants to expand the Fontainebleau Miami Beach Nearly 15 years after his family acquired and renovated the Fontainebleau Miami Beach, Jeffrey Soffer wants to expand his trophy resort. Soffer is seeking to add a new building that will house more ballrooms and a 500-space parking garage. According to a recent memo sent to […]

Miami Commercial Real Estate News September 4, 2019: Miami Office Construction Hits Record; Impact on CRE of Dorian’s Near Miss; More…

Sep 04, 2019 - Top Stories - 0 Comments - Standard

Hurricane Dorian spared South Florida but will still cost developers and contractors Most general contractors are back to work in South Florida, after securing and shutting down their job sites last week in anticipation of Hurricane Dorian’s arrival. While South Florida escaped the storm’s wrath, developers and contractors saw their costs rise as the days […]

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

Miami Commercial Real Estate News August 28, 2019: $178 Million Hialeah Industrial Sale; China City Construction Sells Development Site; More…

Aug 28, 2019 - Top Stories - 0 Comments - Standard

RREEF America buys Hialeah industrial property for $178M An affiliate of Deutsche Bank bought the Centergate at Gratigny in Hialeah for $178 million, marking South Florida’s largest industrial sale of the year to date. RREEF America bought the three-building property at 5801 and 6301 East 10th Avenue from Newark, New Jersey-based PGIM, records show. Centergate […]

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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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