Category: Top Stories

Miami Commercial Real Estate News February 27, 2019: Raleigh Hotel Sells for $103 Mil, 1 Hotel South Beach for $610 Mil; Key Approval Obtained for Health District Apartments; More…

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

Joint Venture Purchases Historic Raleigh Hotel on Miami Beach for $103 Million A joint venture between SHVO, Bilgili Holding and Deutsche Finance America has purchased the Raleigh Hotel in Miami for $103 million. The 83-room hotel is situated in South Beach, about 10 miles east of downtown Miami, and is known for its beachside swimming […]

Miami Commercial Real Estate News February 20, 2019: 1 Hotel South Beach Sells for $610 Mil; Amazon Warehouse Trades; More…

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

Host Hotels buys Sternlicht’s 1 Hotel South Beach for $610 million, setting new record Host Hotels paid $610 million for 1 Hotel South Beach, marking a new per-room record for Miami-Dade hotel sales at $1.42 million a key. Barry Sternlicht’s Starwood Capital Group and LeFrak sold the luxury beachfront hotel at 2341 Collins Avenue, according to […]

Miami Commercial Real Estate News February 13, 2019: Wennet’s Allapattah Project Wins Approval; 236-Unit Multifamily Break Ground; More…

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

Robert Wennett wins Miami board approval for massive, mixed-use project in Allapattah Robert Wennett’s proposed massive mixed-use project in Allapattah, which could include the only co-living spaces currently allowed in Miami, is a step closer to becoming a reality. Miami’s Planning, Zoning, and Appeals Board backed the development of… The Miami Produce Special Area Plan, a […]

Miami Commercial Real Estate News February 6, 2019: $100 Million Opportunity Zone Multifamily Development Planned; Mill Creek Closes on Edgewater Site; More…

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

PTM Partners, EIG Acquire Opportunity Zone in Miami, Plan $100 Million Multifamily Development PTM Partners and Estate Investment Group (EIG) have acquired a 1.3-acre parcel in Miami’s Overtown neighborhood for $9.7 million. The joint venture plans to develop a $110 million, 18-story, 360-unit apartment complex at the site called Soleste Grand Central. The 220,000-square-foot project […]

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

Miami Commercial Real Estate News January 30, 2019: More Legal Challenges to Beckham’s Stadium; Brickell City Centre Expansion OK’d; More…

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

Brickell City Centre OK’d for major expansion Brickell City Centre is poised for another major growth spurt, adding 972 residences in two towers, stores and entertainment venues, parking, a ground-level plaza, and enhancements around the South Miami Avenue Bridge. The sweeping development from Swire Properties Inc. continues to transform the Miami neighborhood south of the Miami […]

Miami Commercial Real Estate News January 23, 2019: 20-Story Tower to be Built Near Metrorail; Half of One Cocowalk to be Co-Working; Opportunity Zones in the News; More…

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

London, New York top list of global CRE investment in 2018, Miami misses the cut Global commercial real estate investment topped $730 billion last year in the top 30 cities, as investors around the world poured in a record amount. The news wasn’t all good, as investment was expected to fall this year. London maintained its […]

Miami Commercial Real Estate News January 16, 2019: First Tower Completed at Miami Worldcenter; Pullman Miami Airport Hotel Trades; More…

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

Caoba, the first tower at $4 billion Miami Worldcenter project, completed The first building at Miami Worldcenter, a 27-acre, mixed-use project in downtown Miami is now completed. CIM Group and Falcone Group completed Caoba, a 444-unit rental tower, at 698 Northeast First Avenue, according to a press release. Rents start at $1,774 for a 349-square-foot studio […]

Miami Commercial Real Estate News January 9, 2019: City Tower May Go Next Door; $1.45 Billion in MIA Improvements Coming; Developer Promotes Passenger Drones; More…

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

City of Miami office tower site hunt may end up next door A study has determined the best place for a new City of Miami government office tower is right next door to the current one. The analysis is up for discussion on today’s (1/10) city commission agenda. Site selection is the next step after voters in […]

Miami Commercial Real Estate News January 2, 2019: Related Sells SLS Brickell Hotel; 1,042 Unit Downtown Rental Plans Filed; More…

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

Related Group sells SLS Brickell hotel for $43 million The Related Group sold the hotel component of SLS Brickell for $43 million, property records show. PRH 1300 Hotel LLC and PRH 1300 Shared LLC sold the 124-key hotel at 1300 South Miami Avenue to Brickell Miami LLC, a Delaware company managed by Francois Faber of Fiduciaire […]

Miami Commercial Real Estate News December 26, 2018: Creative Class A Office Project Coming to Wynwood; Biggest Deals of 2018; More…

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

Massa Investment pays $11.5M for retail space at Axis Brickell A company tied to Massa Investment Group just paid $11.5 million for retail space at Axis Brickell in Miami, records show. Lmnr Axis Properties LLC, which is managed by Menin Hospitality’s Keith Menin, sold the 13,724-square-foot property at the ground floor of the condo development. The property […]

Miami Commercial Real Estate News December 19, 2018: Fed Raises Rates; $425 Million Mixed-Use Coming to Health District; More…

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

Fed raises rates for fourth time in 2018 amid signs of market slowdown The Federal Reserve raised rates on Wednesday for the fourth time this year, citing a strengthening labor market and strong economic activity. The Fed raised the benchmark federal funds rate to between 2.25 percent and 2.5 percent. Rates are now at their highest level […]

Miami Commercial Real Estate News December 12, 2018: CitizenM Hotel Planned for Perricone’s Site; Big Mixed-Use Development in Hialeah; More…

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

CitizenM moves ahead with Brickell hotel on Perricone’s site CitizenM is moving forward with plans for what could be its first Miami hotel. The Dutch hotel chain is seeking a building permit for a hotel at 955 South Miami Avenue, on the site of Perricone’s Marketplace & Café in Brickell. Steven J. Perricone sold the property […]

Miami Commercial Real Estate News December 5, 2018: Mixed-Use Near MIA Breaks Ground; Diesel Condo Coming to Wynwood; More…

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

Century Homebuilders breaks ground on mixed-use project in Miami Sergio Pino’s Century Homebuilders Group has begun construction of 850 Le Jeune, a new mixed-use project near Miami International Airport. The developer and its partner, Pactia USA, are building 230 multifamily units and about 200,000 square feet of office space at 850 Northwest 42nd Avenue (also known […]

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 […]

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