Category: Top Stories

Miami Commercial Real Estate News March 21, 2018: 7 South Florida Winn-Dixies Closing; Retail Property Challenges; More…

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

Parent company to close 7 Winn-Dixie supermarkets in South Florida The parent company of Winn-Dixie will close 30 of the supermarket operator’s stores in Florida, including seven in Broward and Palm Beach counties. Southeastern Grocers, which is preparing to file for Chapter 11 bankruptcy this month, announced Thursday that it will “voluntarily implement a court-supervised, prepackaged restructuring […]

Miami Commercial Real Estate News March 14, 2018: New Tallest Tower to Begin Work; Miami Beach Macy’s Site Under Contract; More…

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

Macy’s site on Miami Beach under sale contract Sale of the Macy’s department store site on Miami Beach is currently in process. The site is under contract, with Marcus & Millichap commercial brokerage managing the sale. The Macy’s building itself at 1675 Meridian Ave. is a two-story square building that sits on 50,000 square feet, but […]

Miami Commercial Real Estate News March 7, 2018: Beckham Eyes Golf Course for MLS Stadium; Area Rents Stabilizing; More…

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

Beckham partners eye Melreese golf course for MLS stadium site David Beckham and his partners are considering a new property for their multimillion-dollar Major League Soccer Stadium. Miami City Manager Emilio González met with Beckham partner Jorge Mas on Monday to discuss building the stadium on the city-owned Melreese golf course near Miami International Airport, according […]

Miami Commercial Real Estate News February 21, 2018: Swire Partnering to Develop Next to Brickell City Centre; More…

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

Swire partners with Carlos Mattos to develop site next to Brickell City Centre Swire Properties is making moves again in Brickell. Swire is partnering with Colombian businessman Carlos Mattos to jointly develop the property at 650 South Miami Avenue, a spokesperson told The Real Deal. The developers are planning a residential project on the former Tobacco […]

Miami Commercial Real Estate News February 14, 2018: More Parcels Secured for MiamiCentral Project; More…

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

Florida East Coast Industries buys more land for MiamiCentral project Florida East Coast Industries just closed on two parcels of public land in downtown Miami, locking in another component to its massive MiamiCentral mixed-use development. FECI and AAF Miami TOD Holdings LLC paid $14 million for the city-owned parcels at 104 Northwest First Avenue. Also included […]

Miami Commercial Real Estate News February 7, 2018: First Worldcenter Tower Tops Off; Terra Files for Doral Retail Center; More…

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

Worldcenter Apartments Top Off The first tower at Miami Worldcenter has topped off, bringing the massive, $1.2B development a little bit closer to reality. Caoba, the Spanish word for mahogany, is one piece of the Worldcenter puzzle — a 444-unit apartment complex at 698 Northeast 1st Avenue. Miami Worldcenter will ultimately take up 10 city […]

Miami Commercial Real Estate News February 1, 2018: New Mixed-Use Project for Arts & Entertainment District; More…

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

NR Investments plans two new mixed-use projects for Miami’s Arts & Entertainment District Miami’s Arts and Entertainment District is getting two more NR Investments projects. Just two blocks south of its Canvas luxury condo tower and its apartment building, Filling Station Lofts, the developer is proposing a two-tower, mixed-use project split into condos, a hotel and […]

View of downtown Miami from Key Biscayne Bridge

Miami Commercial Real Estate News January 24, 2018: Miami Worldcenter Coming Along; Plans for Nearly 700 Apartments for Downtown; More…

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

Components of vast Miami Worldcenter coming together The vast components of the sweeping Miami Worldcenter project are coming together as residential towers rise and plans for a 330,000-plus-square-foot shopping venue are being finalized. A team representing developers Miami Worldcenter Associates LLC met with the city’s Urban Development Review Board recently with proposed façade changes to a […]

Miami Commercial Real Estate News January 3, 2018: Largest Multifamily, Retail, Industrial Property Sales in 2017; More…

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

Bobby Cayre pays $15M for Miami Beach retail building New York investor Bobby Cayre just paid $15 million for a retail building on Lincoln Road. Property records show Rand Real Estate Services affiliate CLR Lincoln Associates sold the building at 337 Lincoln Road in Miami Beach to 337 Lincoln Road Holdings, controlled by Cayre. The buyer […]

Miami Commercial Real Estate News December 27, 2017: Stake in Courvoisier Centre Sold; Biggest Office Deals of 2017; More…

Dec 27, 2017 - Top Stories - 0 Comments - Standard

Cousins Properties sells interest in Courvoisier Centre in Miami’s Brickell Key Cousins Properties, an Atlanta-based real estate investment trust, just sold its 20 percent interest in the Courvoisier Centre office complex in Miami’s Brickell Key for $33.9 million. The Courvoisier Centre, a 343,000-square-foot office complex at 501 and 601 Brickell Key Drive, was purchased in 2014 […]

Miami Commercial Real Estate News December 20, 2017: Design District Building Sells for $22 Million; More…

Dec 20, 2017 - Top Stories - 0 Comments - Standard

Karakhanian sells Design District building Developer Alex Karakhanian sold a building housing an international fashion school in the Miami Design District to Stockbridge Capital for $22 million. Karakhanian’s Lndmrk Development sold the property at 3701 Northeast Second Avenue for $1,000 per square foot, according to a press release. Milan-based Istituto Marangoni is leasing the 22,000-square-foot, seven-story building. […]

Miami Commercial Real Estate News December 6, 2017: Omni Mixed-Use Approved; Cirque du Soleil Founder Partnering in Little Haiti; More…

Dec 06, 2017 - Top Stories - 0 Comments - Standard

Split decision on new mixed-use towers in Miami’s Omni area One of two mixed-use residential projects planned for Miami’s Omni neighborhood won a green light from a city review board last week as the other was deferred for more design work. Both are from The Melo Group, a family development company championed for building more affordable […]

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