Category: Top Stories

Miami Commercial Real Estate News November 28, 2018: Metronomic’s $74 Million Plan for West Grove; Lissette Calderon Eyes Allapattah; More…

Nov 28, 2018 - Top Stories - 0 Comments - Standard

Developer plans $74 million mixed-use project along Grand Avenue in Coconut Grove A Miami developer is under contract to purchase a large assemblage in the West Grove where it’s planning a $74 million, mixed-use project. Ricky Trinidad’s Metronomic announced plans for Grand Plaza, a 12-building development on Grand Avenue in Coconut Grove. Trinidad’s firm isn’t the […]

Miami Commercial Real Estate News November 21, 2018: Miami Beach Agrees to Taller Tower; Lehman Buys Industrial Land; More…

Nov 21, 2018 - Top Stories - 0 Comments - Standard

Simon sells site next to Miami International Mall to Lehman Car dealer William “Bill” Lehman Jr. just bought a strip of land next to Miami International Mall for $8.2 million, property records show. Lehman financed the deal with a $9.4 million loan from JP Morgan. It’s zoned for industrial development. Simon Property Group sold the 8.4 […]

Miami Commercial Real Estate News November 14, 2018: Amazon HQ2 Selection Made; Adler’s Miami River Project; More…

Nov 14, 2018 - Top Stories - 0 Comments - Standard

Here’s what’s next for Adler Group’s Miami River project On Tuesday, Miami residents voted to approve a referendum allowing the Adler Group to lease city-owned land along the Miami River, placing the developer one step closer to breaking ground on its multi-tower project. But before that, the city has to decide where it will move its […]

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

Miami Commercial Real Estate News November 7, 2018: Voters Approve Beckham Stadium, Convention Center Hotel; Amazon HQ2 Decision Nears; More…

Nov 07, 2018 - Top Stories - 0 Comments - Standard

Metronomic plans Little Havana office project SieteOcho A new office development is planned for Little Havana. Metronomic just announced plans to build a five-story office project called SieteOcho at 640 Southwest Eighth Avenue. The project would mark one of the first new office developments in the area, amid a surge of new boutique multifamily construction. The company […]

Miami Commercial Real Estate News October 31, 2018: Beckham Stadium, Other Real Estate Projects on the Ballot; Wynwood Inventory to Double; More…

Oct 31, 2018 - Top Stories - 0 Comments - Standard

Here are the major real estate projects on the ballot in Miami After years of jumping around Miami for a site to build a multimillion-dollar Major League Soccer stadium, David Beckham and his partners will be asking City of Miami residents to approve their latest pitch. Fueled by Jorge Mas and his brother Jose, the new […]

Miami Commercial Real Estate News October 24, 2018: Miami Remains in the Mix for Amazon HQ2; Grove Isle Owners Fight Redevelopment; More…

Oct 24, 2018 - Top Stories - 0 Comments - Standard

As HQ2 announcement approaches, Amazon execs are revisiting NYC, Chicago, Miami Some cities are getting another look from Amazon as the announcement for where the e-commerce giant will set up its second headquarters looms. New York City, Chicago, Newark, Miami and the Washington, D.C. area all had recent follow-up visits from Amazon executives, according to the […]

Miami Commercial Real Estate News October 17, 2018: Developments Proposed for Allapattah, Edgewater, Overtown; City National Bank Gains Signage Rights at Miami Tower; More…

Oct 17, 2018 - Top Stories - 0 Comments - Standard

Developers propose mixed-use projects in Allapattah, Edgewater and Overtown Developer Robert Wennett, Mill Creek Residential, and Estate Investments Group are taking their projects to the city of Miami’s Urban Development Review Board on Wednesday. Modera Biscayne Bay: Mill Creek Residential plans to acquire the properties at 412 Northeast 22nd Street and 436 Northeast 22nd Street in Edgewater […]

Miami Commercial Real Estate News October 10, 2018: Remembering Jay Kislak; Trump Group Nabs $558 Million Loan; Miami’s Opportunity Zones; More…

Oct 10, 2018 - Top Stories - 0 Comments - Standard

Video: Everything you need to know about Opportunity Zones, 67 of which are in Miami-Dade Developers and investors across the United States are turning their attention to a new tax benefit program introduced as part of President Trump’s tax plan known as Opportunity Zones. These incent developers to build in low-income communities by providing tax […]

Miami Commercial Real Estate News October 3, 2018: Brickell City Tower Fetches $117 Mil; Supertall Waldorf Astoria Planned; More…

Oct 03, 2018 - Top Stories - 0 Comments - Standard

South Florida’s suburbs dominate ranking of the top multifamily deals Three of the top five multifamily transactions occurred in Miami-Dade County. In August 2017, TA Realty picked up the 398-unit Manor CityPlace in Doral for $135 million. The Boston-based REIT, which typically focuses on office and industrial, paid $339,196 per apartment. The Related Group, Shoma […]

Miami Commercial Real Estate News September 26, 2018: Dinner Key Development Gets Financing; Magic City Protested; More…

Sep 26, 2018 - Top Stories - 0 Comments - Standard

PMG Receives $106M Refinancing for 464-Unit X Miami Apartment Tower Property Markets Group has received a $106 million refinancing for X Miami, a 464-unit multifamily community in downtown Miami. Pacific Western Bank provided the financing, which will pay off an existing $80 million construction loan from Centennial Bank. The 31-story tower that recently opened features units […]

Miami Commercial Real Estate News September 19, 2018: $100 Million Self-Storage Sale; Lissette Calderon Returns to River; Condo Glut Concerns; More…

Sep 19, 2018 - Top Stories - 0 Comments - Standard

Carlyle JV sells Miami-Dade self-storage portfolio for $100 million An entity tied to William Warren Group just paid $100 million for three self-storage buildings spread throughout Miami-Dade County. Property records show CRP/Westport Self Storage Dixie, a joint venture between the Carlyle Group and Westport Properties that operates as US Storage Centers, sold the buildings. The self-storage […]

Miami Commercial Real Estate News September 12, 2018: Commissioner, Little Havana Developer at Odds; Miami Skyscraper Facts & Figures; More…

Sep 12, 2018 - Top Stories - 0 Comments - Standard

Commissioner ‘Crazy Joe’ Carollo takes on Little Havana developer Go back in journalistic history to the year 2000 and there’s a little gem in The Economist about Joe Carollo, who is currently a city of Miami commissioner. “When the mayor of Miami, Joe Carollo, was a budding city commissioner in the mid-1980s, he earned the nickname […]

Miami Commercial Real Estate News September 5, 2018: New Development Proposed for Surfside; Development Approved for Coral Gables; More…

Sep 05, 2018 - Top Stories - 0 Comments - Standard

I Squared, Moving Headquarters to Miami, Raises $7 Billion for Infrastructure Investments I Squared Capital, an infrastructure-focused private equity firm founded by former Morgan Stanley executives, has raised $7 billion for its second fund, exceeding its original target as competition for investor capital heats up. The fund, known as ISQ Global Infrastructure Fund II, will make […]

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

Miami Commercial Real Estate News August 29, 2018: Second Hotel Coming to Miami Worldcenter; More…

Aug 29, 2018 - Top Stories - 0 Comments - Standard

Mall reuse 2.0: This LA firm wants to turn vacant mall space into transitional housing As landlords consider what to do with their faltering shopping malls, one idea is gaining traction statewide: repurposing unused space into housing for the homeless. Irvine-based KTGY Architecture + Planning is developing a new concept called Re-Habit, which would redevelop empty […]

Miami Commercial Real Estate News August 22, 2018: Mana Expands in Allapattah; Wennet’s Big Plans in Allapatah; More…

Aug 22, 2018 - Top Stories - 0 Comments - Standard

What is Melreese really worth? Experts consider value of Beckham’s proposed soccer site Miami voters will decide in November if an ownership group led by David Beckham and the Mas brothers can build a $1 billon mixed-use development on the site of the Melreese Country Club. The ambitious proposal would be anchored by a 25,000-seat […]

Miami Commercial Real Estate News August 8, 2018: Building Collapse Results in Death; Brightline Boosting Development; Popeyes HQ to Miami; More…

Aug 08, 2018 - Top Stories - 0 Comments - Standard

Project manager dies from injuries in Miami Beach building collapse A project manager died Friday from his injuries in what appeared to be a flawed effort to demolish the old Marlborough House condominium in Miami Beach. AlliedBean Demolition project manager Samuel Landis, a 46-year-old father and Lighthouse Point resident, had been in critical condition since July […]