Category: Top Stories

Miami Commercial Real Estate News December 30, 2024: Doral Industrial Sells for $57M; $740M Refi & Construction Loan Landed for Bal Harbour Shops Expansion; Biggest 2024 Deals; More…

Dec 30, 2024 - Top Stories - 0 Comments - Standard

Prologis pads its South Florida industrial portfolio, pays Codina $57M for Doral warehouse Prologis is ending the year with South Florida’s eighth largest industrial deal of the past 12 months, paying $57 million for a Doral warehouse. An affiliate of Coral Gables-based Codina Partners, led by Armando Codina and Ana-Marie Codina Barlick, sold the 157,214-square-foot facility […]

Miami Commercial Real Estate News December 18, 2024: Fed to Sell Brickell Plaza; $1B Sweetwater Dev Moving Ahead; Year’s Top MF, Industrial, Hotel Sales; More…

Dec 18, 2024 - Top Stories - 0 Comments - Standard

Developer CMC Group Completes $5 Million Renovation of 4000 Ponce in Coral Gables CMC Group has completed a $5 million renovation at 4000 Ponce, a nine-story Class A mixed-use office and retail development in Coral Gables’ Southern Business District. Originally developed in 2002 by Ugo Colombo’s CMC Group, the property features 150,000 square feet of […]

Miami Commercial Real Estate News December 11, 2024: Developers to Bid on $10B Miami-Dade Project; 340 Biscayne Boulevard Headed for Auction; More…

Dec 11, 2024 - Top Stories - 0 Comments - Standard

Three all-star teams of developers qualify to bid on $10B Miami-Dade project Miami-Dade County’s ambitious plan to redevelop 17 acres of land in downtown Miami into a $10 billion mixed-use project will pit some of the biggest names in real estate against each other, The Real Deal has learned. Three all-star development teams have qualified to […]

Miami Commercial Real Estate News December 4, 2024: Five 800+ Foot Towers Under Construction; Industrial Rent Growth Leads Nation; Kendall West MF Trades for $79M, Doral Industrial for $20.6M; More…

Dec 04, 2024 - Top Stories - 0 Comments - Standard

Five 800+ Foot Towers Now Under Construction In Miami There are now five 800-foot tower under active construction in Miami, for the first time ever. There are also now two completed towers taller than 800 feet, making it seven Miami towers either completed or under construction at that height. Miami’s first 800-foot tower was completed […]

Miami Commercial Real Estate News November 21, 2024: Plans Proposed for Deauville Miami Beach Site; $500M Brickell Dev Site LOI Signed; More…

Nov 21, 2024 - Top Stories - 0 Comments - Standard

Meruelo family, David Martin propose big plans for Deauville Miami Beach site The Meruelo family and David Martin are proposing land use changes that would allow them to build a larger project on the former site of the Deauville Beach Resort in Miami Beach. Recent legislative changes would allow a floor area ratio, or overall project […]

Miami Commercial Real Estate News November 13, 2024: Medley Cold Storage Sells for $60M; Miami to Aventura Train Plans Delayed; More…

Nov 13, 2024 - Top Stories - 0 Comments - Standard

Stabilized purchase: BentallGreenOak pays $60M for Medley warehouse with locked-in tenant BentallGreenOak paid $60 million for a Medley warehouse with a tenant locked in for the next two decades. An affiliate of BentallGreenOak, a New York-based real estate investment firm led by co-CEOs Sonny Kalsi and John Carrafiell, bought a cold storage facility at 7600 Northwest […]

Miami Commercial Real Estate News November 6, 2024: Voters Approve Watson Island Land Sale for $2B Development; “Citadel Effect” on Brickell; More…

Nov 06, 2024 - Top Stories - 0 Comments - Standard

Watson Island Referendums Pass, Allowing Four New Towers Miami voters voted yes on two separate items on the ballot yesterday relating to Watson Island, paving the way for new development. The two separate ballot questions were: Charter Amendment: Partial Conveyance for Revised Development at 1111 Parrot Jungle Trail on Watson Island Shall Miami’s Charter be […]

Miami Commercial Real Estate News October 31, 2024: W South Beach Sells for $400M+; Amazon Seeks 80k sf in Wynwood; $2B Project Planned for Fort Lauderdale; More…

Oct 31, 2024 - Top Stories - 0 Comments - Standard

Amazon Reportedly In Talks To Lease Large Office Space In Wywnood Amazon could become the latest tech giant to move to Wynwood. The company is reportedly in talks to lease between 60,000 and 80,000 square feet at the under-construction Wynwood Plaza, according to Commercial Observer. At the time of writing, the talks were for about […]

Miami Commercial Real Estate News October 23, 2024: 505K sf Hialeah Industrial Trades; Record High Miami Industrial Deliveries; Overtown MXU Delivers Retail; More…

Oct 23, 2024 - Top Stories - 0 Comments - Standard

Target Opens 50,000 SF Store at Sawyer’s Walk in Miami’s Overtown Neighborhood Target has opened a new 50,000-square-foot store at Sawyer’s Walk, a 1.5 million-square-foot mixed-use development underway in Miami’s Overtown neighborhood. SG Holdings, a partnership between Swerdlow Group, SJM Partners and Alben Duffie, is the master developer. Construction on the 3.4-acre development began in […]

Miami Commercial Real Estate News October 16, 2024: Miami Lakes Industrial Sold for $147M; Hamilton Tower Multifamily to Sell for $190M; More…

Oct 16, 2024 - Top Stories - 0 Comments - Standard

Ares cements top ranking for pricey purchases in South Florida, paying $147M for Miami Lakes industrial complex Ares Management paid $147 million for a recently completed Miami Lakes warehouse complex, notching the biggest industrial purchase so far this year. It’s also the third time in less than a year that Los Angeles-based Ares dropped nine […]

Miami Commercial Real Estate News October 9, 2024: Brickell Office Tower Trades for $443M, Miami Lakes Industrial for $147M; Pre App Filed for Another Miami Supertall; More…

Oct 09, 2024 - Top Stories - 0 Comments - Standard

$443M Sale of 701 Brickell Office Tower in Downtown Miami Arranged JLL Capital Markets has arranged the $443 million sale of 701 Brickell, a trophy office building totaling 685,279 square feet in the heart of downtown Miami’s Brickell financial district. The sale marks the second-largest office transaction in Florida history, according to JLL. Morning Calm […]

Miami Commercial Real Estate News October 2, 2024: Shops at Midtown Miami Sells for $84M, Pair of Doral Office Buildings for $71M; Miami Top Destination for Those with $100M+; More…

Oct 02, 2024 - Top Stories - 0 Comments - Standard

Shops at Midtown Miami Sold, Has Over 3.4 million Annual Visitors Benderson Development has completed the purchase of the Shops at Midtown Miami. JLL Capital Markets said it worked on behalf of the seller to complete the transaction. The property has a leasing rate of 98.3%, and attracts 3.4 million annual visitors. It opened in 2006. […]

Miami Commercial Real Estate News September 25, 2024: 7,500-Unit Little River MXU with New Tri-Rail Station Plans Advancing; South Miami City Hall to be Redeveloped with 670 Apartments; More…

Sep 25, 2024 - Top Stories - 0 Comments - Standard

Developer Moves Forward with Plans for 7,500-Unit Mixed-Use Development and New Tri-Rail Station in Miami’s Little River District Swerdlow Group, led by veteran developer Michael Swerdlow, is moving forward with plans to transform the Little River District in Miami’s Little Haiti neighborhood. The proposed development, spanning approximately 63 acres, will include 7,500 residential units, combining […]

Miami Commercial Real Estate News September 18, 2024: 124-Key Hotel Approved for Doral as 832-Key Hotel is Proposed for Brickell; $172M Financing Scored for Edgewater Tower; More…

Sep 18, 2024 - Top Stories - 0 Comments - Standard

House Of Wellness Hotel Proposed In Brickell, With 832 Lodging Units A pre-application has been filed with Miami-Dade reviewers for a hotel tower in Brickell called House of Wellness. House of Wellness is proposed to rise 43 stories, and include: 832 lodging units 347 parking spaces A rooftop pool deck is planned on level 43. […]

Miami Commercial Real Estate News September 11, 2024: Sunset Shoppes Redevelopment Plans Filed; 220-Unit Multifamily Planned for Miami Lakes; More…

Sep 11, 2024 - Top Stories - 0 Comments - Standard

Whale & Star Wynwood to Develop Eight-Story Cloud One Hotel, Residences in Miami A joint venture doing business as Whale & Star Wynwood Owner LLC has announced plans for a new, eight-story mixed-use project in the Wynwood neighborhood of Miami. Spanning half a city block at 2215 N.W. 1st Place, the development will feature a […]

Miami Commercial Real Estate News September 4, 2024: Redevelopment of Standard Miami Beach Proposed; Andreessen Horowitz Closes Miami Office; More…

Sep 04, 2024 - Top Stories - 0 Comments - Standard

Developer Proposes Multifamily Development in RTZ at 1136 NW 8th Ave in Miami On Saturday, Florida YIMBY reported on San Sebastian Luxury Homes, a venture seeking to double its density because of new Rapid Transit Zone (RTZ) rules. Now, we’ve learned of another transit-oriented development in Miami-Dade County. The South Florida Business Journal reports that […]

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