Category: Top Stories

Miami Commercial Real Estate News July 17, 2024: Office Vacancy Drops, Rent Increases; Doral Warehouse Trades for $17M; 1,000-Unit MF Near Miami River Up for Review; More…

Jul 17, 2024 - Top Stories - 0 Comments - Standard

Revised Plans & Renderings Submitted For Brickell’s Massive 1 Southside Park The developer building Brickell’s massive 1 Southside Park has filed revised plans and renderings with the county. The under-construction project includes a residential component known as Mercedes Benz Places. A foundation pour was recently completed for the first phase. The proposed changes include an […]

Miami Commercial Real Estate News July 10, 2024: Homestead 1200-Unit MXU Dev Site Trades for $65M; 2,200 Unit Dev Proposed for North Miami; More…

Jul 10, 2024 - Top Stories - 0 Comments - Standard

DR Horton drops $65M for 97 acres in Homestead Homebuilding giant D.R. Horton dropped $65 million for 97 acres of Homestead farmland for its planned Sandero Landing community. Records show D.R. Horton bought the site at Southwest 328th Street and Southeast 6th Street from the Alger family, led by Richard Alger. The Algers are longtime Homestead […]

Miami Commercial Real Estate News July 3, 2024: Once Planned MLS Site to be 1,219 Residences, Former Sears 1,050 Unit MXU; Multifamily Sales Heat Up; More…

Jul 03, 2024 - Top Stories - 0 Comments - Standard

Mas brothers site once touted for MLS stadium getting 1,219 residences A large vacant property in Overtown that at one time was considered for a professional soccer stadium is now being developed into a major residential and mixed-use neighborhood. The sweeping project is a collaboration between 0101 Miami Properties LLC, led by brothers Jorge and […]

Miami Commercial Real Estate News June 26, 2024: Miami Riverbridge Dev Gets UDRB Approval; 352-Unit Doral MF Trades for $139M, Miami Gardens Warehouse for $25.5M; More…

Jun 26, 2024 - Top Stories - 0 Comments - Standard

609 Brickell Set For Hearing Before Historic Preservation Board A hearing on the 609 Brickell property is scheduled for Miami’s Historic and Environmental Preservation Board on July 2. The First Presbyterian Church and developer 13th Floor Key Church, LLC are requesting an an amendment to the historic designation report for the property. An iconic, 80-story […]

Miami Commercial Real Estate News June 19, 2024: $668M Construction Loan Secured for Miami Supertall; Dev Site Trades for $39M, 500 Units Planned; More…

Jun 19, 2024 - Top Stories - 0 Comments - Standard

PMG Receives $668M Construction Loan for Waldorf Astoria Hotel & Residences Miami PMG, a development and investment firm with offices in New York City and Miami, has received a $668 million construction loan for the Waldorf Astoria Hotel & Residences Miami. Located at 300 Biscayne Blvd, the building will rise more than 1,000 feet and […]

Miami Commercial Real Estate News June 12, 2024: 1,300-Unit MF Planned for North Miami; $6.1B in New Construction in 2023;

Jun 12, 2024 - Top Stories - 0 Comments - Standard

$6.1B In New Construction Added In Miami-Dade Over The Past Year Miami-Dade County Property values rose significantly last year, and new construction helped add to that growth. Overall taxable values in the county were up 10%, according to an official June 1st estimate released by the county’s Property Appraiser office. Total taxable property values in […]

Miami Commercial Real Estate News June 5, 2024: 3,200-Unit Live Local Act Project Proposed for West Little River; Wynwood 48-Story MXU Planned; More….

Jun 05, 2024 - Top Stories - 0 Comments - Standard

Live Local Project With 3,233 Residential Units Proposed in North Part of Miami-Dade Plans have been submitted to Miami-Dade reviewers for a massive Live Local project. The project is named The HueHub or Holland Park. It is planned to include: 3,233 residential units 57,260 square feet of retail 4,249 parking spaces Multiple towers are planned, […]

Miami Commercial Real Estate News May 29, 2024: Wynwood Tallest Ever Planned Under Live Local Act; Elle-Branded Tower Launched in Edgewater; More…

May 29, 2024 - Top Stories - 0 Comments - Standard

Terreno Realty Completes 186 KSF Industrial Facility in Hialeah Among Terreno Realty Corp.’s recent additions to its industrial portfolio is this 112,000-square-foot facility in Redondo Beach, Calif., which it acquired last year for $45.7 million. Image courtesy of CommercialEdge Terreno Realty Corp. has completed Countyline Corporate Park Phase IV Building 40, a 186,000-square-foot facility in […]

Miami Commercial Real Estate News May 22, 2024: Live Local Act Amended; 1,219-Unit 1.8M sf Overtown Development Approved; $200M+ Fisher Island Dev Site Hits Market; More…

May 22, 2024 - Top Stories - 0 Comments - Standard

Co-Living Community ‘i5 Wynwood’ Reaches Completion At 51 NW 28th Street In Wynwood i5 Wynwood, a newly completed co-living community in Miami’s Wynwood neighborhood, is now welcoming its first residents. Located at 51 Northwest 28th Street, between North Miami Avenue and Northwest 1st Avenue, this 9-story residential building was designed by Arquitectonica and has interiors […]

Miami Commercial Real Estate News May 15, 2024: 1,200 Units Proposed for Overtown; 276-Unit Hamilton to Hit Market; 108-Unit Hialeah MF Trades for $21M; More…

May 15, 2024 - Top Stories - 0 Comments - Standard

Aimco plans to list waterfront Hamilton apartment tower, its second major Miami asset to hit market Aimco’s waterfront Hamilton apartment tower in Edgewater will hit the market, marking its second major Miami property to list for sale this year. The real estate investment trust will put the 28-story, 276-unit Hamilton at 555 Northeast 34th Street on […]

Miami Commercial Real Estate News May 8, 2024: 523-Foot Racquet Club Planned for Brickell; Medley Industrial Portfolio Trades for $18M; More…

May 08, 2024 - Top Stories - 0 Comments - Standard

Construction Begins At 41-Story Biscayne Boulevard Tower Developers held a groundbreaking event last month for a 41-story tower on Biscayne Boulevard, and photos show that work is now underway. The tower, known as 2600 Biscayne, will span an entire city block, one block away from a planned Northeast Corridor rail stop. When complete, it will […]

Miami Commercial Real Estate News May 1, 2024: Brickell Office Tower Hits Market at $500M; Hialeah MXU Project Approved; $1B Aston Martin Tower Completed; More…

May 01, 2024 - Top Stories - 0 Comments - Standard

Nuveen’s 701 Brickell office tower hits the market for over $500M Nuveen Real Estate listed its 701 Brickell office tower in Miami for more than $500 million, marking at least the fourth property in the financial district to hit the market since the fall. New York-based Nuveen’s 33-story bayfront tower, named for its address at 701 […]

Miami Commercial Real Estate News April 24, 2024: Brickell Dolce & Gabbana Dev Site Trades for $60M; Miramar Office Properties Sold at 45% Loss; More…

Apr 24, 2024 - Top Stories - 0 Comments - Standard

Michael Stern pays $61M for Brickell site of Dolce & Gabbana supertall As questions swirl about the future of Michael Stern’s Brooklyn supertall, the developer appears to be all in on Miami. Stern’s JDS Development Group paid $61.2 million for the half-acre site at 888 Brickell Avenue, where the firm plans a Dolce & Gabbana-branded condo-hotel […]

Miami Commercial Real Estate News April 17, 2024: Black Lion Buys Miami Beach MXU for $62M; Developer David Martin Buys into Deauville; Pair of Hotels Proposed for Blue Lagoon Site; More…

Apr 17, 2024 - Top Stories - 0 Comments - Standard

Terra’s David Martin buys stake in Deauville Miami Beach site, plans reconstruction Developer David Martin acquired a minority stake in the site of the former Deauville Beach Resort, a property that billionaire developer Stephen Ross had under contract two years ago. Deauville Associates, led by the Meruelo family, sold a 25 percent interest in the 3.8-acre […]

Miami Commercial Real Estate News April 10, 2024: Carnival’s 470k sf HQ for Sale; Apple Takes 42k sf in Coral Gables; Surfside Dev Site Trades for $60M; More…

Apr 10, 2024 - Top Stories - 0 Comments - Standard

Carnival Lists 470K SF Miami Headquarters For Sale Carnival Corp. is looking to sell its massive headquarters in a Miami suburb and reduce its footprint in the city by around 35%. The cruise company has brought on Cushman & Wakefield to market its 470K SF headquarters in Doral and is looking to lease around 300K […]

Miami Commercial Real Estate News April 3, 2024: Baccarat Scores $328M Construction Loan; W Hotel on Brickell Under Contract; $908M Golden Glades Rebuild Begins; More…

Apr 03, 2024 - Top Stories - 0 Comments - Standard

BH, Süzer buying W Hotel in Miami’s Brickell BH Group and Süzer Group are under contract to buy the W Miami hotel in Brickell. Sources familiar with the seller confirmed the pending deal, but could not disclose the sale price. Al Rayyan Tourism Investment Company, or ARTIC, is selling the 50-story, 148-key hotel at 485 Brickell […]

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