Category: Top Stories

Miami Commercial Real Estate News August 16, 2023: Ludlum Trail MF Acquired for $91M, Little River MXU for $34M, Hialeah MF Dev Site for $24M; More…

Aug 16, 2023 - Top Stories - 0 Comments - Standard

GID Snaps Up Rental for $91M Along Miami’s Ludlam Trail GID, a Boston-based investment firm, paid $91.4 million for a newly constructed apartment complex along Miami’s Ludlam Trail, property records show. Seller BBX Capital Real Estate, which owns the Fort Lauderdale-based development firm The Altman Companies, completed Altis Ludlam Trail last year. The seven-story building houses 312 […]

Miami Commercial Real Estate News August 9, 2023: Mercedes-Benz Properties Trade for $150M; Inter Miami Gets Construction Loan; MF Occupancy Drops; Kapoor Scandal Deepens; More…

Aug 09, 2023 - Top Stories - 0 Comments - Standard

Inter Miami Gets $75M From Ares Management For Stadium Construction Soccer superstar Lionel Messi’s new club has received an infusion of capital from a private equity giant toward the construction of a new stadium.Los Angeles-based Ares Management provided a $75M preferred equity investment to Major League Soccer’s Inter Miami. The funding will be used for […]

Miami Commercial Real Estate News August 2, 2023: Miami Retail Rent Growth Leads Nation; $190M Loan Secured for Raleigh Hotel Reno; Brickell Tower Replacement Proposed; More…

Aug 02, 2023 - Top Stories - 0 Comments - Standard

Pre-App Filed Last Year For 61-Story Worldcenter Towers With Skybridge A pre-application for twin 61-story towers at Miami Worldcenter connected by skybridge was filed in 2022, city records show. A pre-application meeting took place last year, the records show. The project was proposed to include: 1,102 residential units amenities on levels 12, 13, 39 and […]

Miami Commercial Real Estate News July 26, 2023: MIA Hotel Deal Landed; Chrysler Building Owner Proposes Miami Supertall; Brickell Dev Acre Listed for $70M; More…

Jul 26, 2023 - Top Stories - 0 Comments - Standard

Fontainebleau, Related Cos. Win Bid To Develop New Miami International Airport Hotel Miami-Dade County commissioners approved a ground lease for a new hotel at Miami International Airport, bringing a close to a three-year bidding process that will bring the first new hotel to the airport in 60 years. The 451-room hotel with Westin branding will […]

Miami Commercial Real Estate News July 12, 2023: 380-Unit Multifamily Planned for Health District; Miami Office Market Cooling; More…

Jul 12, 2023 - Top Stories - 0 Comments - Standard

Here’s How Miami’s Urban Development Review Board (UDRB) Voted On Major Projects Last Month Miami’s Urban Development Review Board had a full agenda of projects that it voted on last month. Here are the results from the June 21 meeting: 700 NMA The UDRB voted to recommended approval with the two conditions: Explore improved pedestrian […]

Miami Commercial Real Estate News July 6, 2023: Plans Unveiled for $600M Metro Center in Hialeah; Buyer Backs Out on $200M Miami Beach Condo Buyout; More…

Jul 06, 2023 - Top Stories - 0 Comments - Standard

Developers 13th Floor Investments & Opera Acquisitions Spend $103M To Assemble Oceanfront Miami Beach Development Site Two South Florida real estate firms have assembled a significant plot of oceanfront land for an upcoming development. 13th Floor Investments and Opera Acquisitions paid $73M for a 46-unit oceanfront timeshare property at 3611 Collins Ave., adjacent to a condo […]

Miami Commercial Real Estate News June 28, 2023: $600M Transit Oriented Development Announced for Hialeah; Brickell Key Towers Get FAA Approval; More…

Jun 28, 2023 - Top Stories - 0 Comments - Standard

$600M Transit-Oriented Development Announced In Hialeah Developers have announced plans for a transit-oriented development called Metro Center in Hialeah. The development is being built a short walk away from the Metrorail and Tri-Rail Transfer Station. Metro Center is planned to include 2.3 million square feet in several buildings, including: Metro Parc, a 559-unit, 10-story building […]

Miami Commercial Real Estate News June 21, 2023: Udonis Haslem, Partners Score Wynwood Development Site; JV Plans $500M Brickell Multifamily; More…

Jun 21, 2023 - Top Stories - 0 Comments - Standard

Leste, Brazilian partner plan 500-unit apartment tower in Brickell Leste Group and Brazilian real estate firm Opportunity Fundo de Investimento Imobiliário plan a 500-unit apartment tower in Brickell, marking the first project in their $1 billion South Florida development pipeline. Through the pair’s newly formed joint venture, LORE Development Group, the partners want to build a […]

Miami Commercial Real Estate News June 14, 2023: Bezel MF Tower Hits Market for $300M; Surfside Collapse Site Plans Revealed; 3 Towers Proposed at Former Arena Site; More…

Jun 14, 2023 - Top Stories - 0 Comments - Standard

Moinian’s Bezel rental tower at Miami Worldcenter hits market for roughly $300M: sources The Moinian Group put the Bezel apartment tower at Miami Worldcenter on the market for roughly $300 million, The Real Deal has learned. If it sells at that price, it would mark the biggest South Florida multifamily deal so far this year, as […]

Miami Commercial Real Estate News June 7, 2023: Two Towers to Replace Brickell Key Mandarin Oriental; Miami Beach Hotel Trades for $165M; 1,600 Unit Miami MF Planned; More…

Jun 07, 2023 - Top Stories - 0 Comments - Standard

Miami Population Grew 1.7% Last Year – Fourth Fastest Among Big Cities Miami’s population increased 1.7% between 2021 and 2022, according to a recent Census report. The Seattle Times noted that Miami’s growth rate for the period was the fourth fastest of the 50 biggest U.S. cities. The newly released data showed Miami’s population was […]

Miami Commercial Real Estate News May 31, 2023: E11even Snags $262M Construction Loan, Expands Project; Miami & Miami Beach 2023 Q1 CRE Sales Decline; More…

May 31, 2023 - Top Stories - 0 Comments - Standard

PMG, E11even Partners score $262M construction loan, expand project The developers of two E11even-branded condo towers in downtown Miami closed on a $262 million construction loan for the second planned high-rise and expanded its size, The Real Deal has learned. New York and Miami-based Property Markets Group, and E11even Partners, led by Marc Roberts and Michael […]

Miami Commercial Real Estate News May 24, 2023: Miami River Hyatt Supertall Renderings; Museum Tower Sells for $74M; 3 Towers Approved as More Proposed; More…

May 24, 2023 - Top Stories - 0 Comments - Standard

Potential Brickell Key Supertall Exempted From UDRB Review A new development on Brickell Key would not need to have a hearing before Miami’s Urban Development Review Board, according to a letter issued by Miami’s Department of Zoning. The Department of Zoning letter was issued in February 2022 to a Greenberg Traurig land use attorney, who […]

Miami Commercial Real Estate News May 17, 2023: Assurant Lists 79 Acre Site; 1,250 Apts Proposed Near MLS Stadium; $1B Dev Planned Near Hard Rock; More…

May 17, 2023 - Top Stories - 0 Comments - Standard

Assurant Puts 79-Acre Miami Campus Up For Sale As Vacant Redevelopment Play Insurance giant Assurant is looking to sell off its sprawling corporate campus south of Miami, which it plans to vacate as it embraces a hybrid work model. Assurant is listing its 79-acre campus in Miami-Dade County as a vacant redevelopment opportunity. The 79-acre […]

Miami Commercial Real Estate News May 10, 2023: Demo Begins for Supertall Office Tower; Ph 1 of $1B Southland Redev Approved; MF Trades for $98M, Another for $56M; More…

May 10, 2023 - Top Stories - 0 Comments - Standard

David Martin’s $1.2B downtown Miami buy could rally the market Martin and his Coconut Grove-based firm, Terra, lead SmartCity Miami, a group of undisclosed investors buying the 15.5-acre assemblage Genting Group officially listed for sale late last year. The bayfront property, in Miami’s Arts & Entertainment District, is expected to mark the priciest urban land […]

Miami Commercial Real Estate News May 4, 2023: Genting Agrees to Sell Former Herald Site for $1.2B; Kushner Plans 325-Unit MXU for Wynwood; More…

May 04, 2023 - Top Stories - 0 Comments - Standard

$1.2B Deal Struck For 15-Acre Development Site On Biscayne Bay The largest piece of undeveloped waterfront in Downtown Miami has found a buyer at a record price. A partnership led by Terra Group and its CEO, David Martin, have agreed to pay $1.225B to purchase the 15.5-acre site at 1431 North Bayshore Drive on Biscayne Bay, […]

Miami Commercial Real Estate News April 26, 2023: $1B MXU Planned for Davie as 600 Acre Tiger Woods & Justin Timberlake Dev Planned for Wellington; Miami Board Approves Near River & Edgewater Projects; More..

Apr 26, 2023 - Top Stories - 0 Comments - Standard

Miami board approves designs for Alta condos, Trilogy apartments A pair of residential projects near the Miami River and in Edgewater are closer to moving to the permitting phase. The Miami Design Review Board on Thursday approved plans for River District 14, a proposed condominium by Alta Development on a six-parcel site at 1451 Northwest 14th […]

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