Category: Top Stories

Miami Commercial Real Estate News January 24, 2024: MSC Announces Downtown Miami HQ; Evacuated Surfside Condo Bought as Dev Site; Major Live Local Act Reach Testing Lawsuit Filed;

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

Bal Harbour Shops Owner Files First Major Lawsuit Testing Reach Of Live Local Act The owner of the Bal Harbour Shops is stepping up its fight with local politicians to add four residential towers to the luxury shopping center. Whitman Family Development, which owns the shops, filed a lawsuit Tuesday asking a judge to compel […]

Miami Commercial Real Estate News January 17, 2024: 154-Unit MF Planned for Wynwood Under LLA; 27-Story Condo Proposed for Edgewater; $30M Industrial Trade; More…

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

Coastal Construction Tops Off Event Campus At The Concours Club Within Miami-Opa Locka Executive Airport Coastal Construction Group, one of the largest general contractors in the Southeast, has announced the topping-out of the highly anticipated Event Campus at The Concours Club, the exclusive, members-only motorsport and luxury lifestyle resort. The Concours Club is located at […]

Miami Commercial Real Estate News January 10, 2024: MXU, Affordable Housing Expansion Planned for Bal Harbour; Grove Central MXU Completed; More…

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

Whitman Family Development Unveils Plans for Mixed-Use Development Within Bal Harbour Shops Property Whitman Family Development, the family-owned company behind the creation of Bal Harbour Shops, has submitted plans for a new mixed-use development in the Village of Bal Harbour, Florida. Aimed at enhancing the 18-acre property, this project proposes the addition of attainable and […]

Miami Commercial Real Estate News January 3, 2024: Hialeah Industrial Sold to Mormon Church for $174M; Doral Office Trades for $29M, Self-Storage Near Aventura for $20M; More…

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

Mormon church’s real estate arm drops $174M for Beacon industrial park in Hialeah The Church of Jesus Christ of Latter-day Saints’ commercial real estate arm dropped $174.3 million for the Beacon Logistics Park in Hialeah. Property Reserve, which invests the LDS church’s reserve funds, bought the majority of the 1.3 million-square-foot industrial campus on the northeast […]

Miami Commercial Real Estate News December 27, 2023: Year’s Top Industrial Sales, Retail & Office Leases; Slew of Construction Financing Approvals; EV Aircraft Planned in Miami for 2027; More…

Dec 27, 2023 - Top Stories - 0 Comments - Standard

Here are South Florida’s priciest industrial sales of 2023 Institutional buyers seeking massive warehouse portfolios dominated the top five largest industrial deals in South Florida in 2023. National industrial players primarily gobbled up complexes and business parks in Miami-Dade and Broward counties, which are much larger industrial submarkets than Palm Beach County. Overall, 2023’s top five industrial […]

Miami Commercial Real Estate News December 20, 2023: Largest Office, Retail, Multifamily Sales; Hialeah Cold Storage Sells for $113M; Big Density Trade; More…

Dec 20, 2023 - Top Stories - 0 Comments - Standard

Amancio Ortega’s Pontegadea pays $113M for Hialeah cold storage Spanish billionaire Amancio Ortega’s real estate family office is expanding its cold storage business, acquiring its second Hialeah freezer facility in seven months. An affiliate of Ortega’s Pontegadea paid a cool $113 million for Bridge Point Cold Logistics Center, a 312,000-square-foot warehouse at 3995 West 108th Street, […]

Miami Commercial Real Estate News December 13, 2023: 1.4M sf South Florida Industrial Portfolio Trades; Medley Warehouse Sells for $45M; Downtown Miami Dev Site Hits Market; More…

Dec 13, 2023 - Top Stories - 0 Comments - Standard

Gindi family’s ASG sells Miami Design District retail building for $22M The Gindi Family’s ASG Equities sold a retail building in the Miami Design District for $22 million. Alo Yoga, the property’s current tenant, acquired the nearly 5,000-square-foot single-story store at 101 Northeast 40th Street, according to records and Vizzda. The seller, an ASG affiliate, paid […]

Miami Commercial Real Estate News December 6, 2023: TOD Dev Breaks Ground at Metrorail Station; 116-Key Hotel Planned for Wynwood; Sunset Place Redevelopment Moves Ahead; More…

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

New Renderings Reveal Changes To Facade For HUB Miami At 525 NW 2nd Avenue In Downtown Miami Updated renderings have been revealed for HUB Miami, a 41-story mixed-use building at 525 Northwest 2nd Avenue in Downtown Miami. Designed by ODP Architecture & Design with interiors by One Line Design Studio, and developed by a joint […]

Miami Commercial Real Estate News November 30, 2023: Amazon Seeks Office Space; FAA Approves 1,049 ft. Tower; Key Biscayne Ritz-Carlton Hits Market; More…

Nov 30, 2023 - Top Stories, Uncategorized - 0 Comments - Standard

Brookfield’s oceanfront Ritz-Carlton Key Biscayne marketed for sale Brookfield Properties is looking to sell the waterfront Ritz-Carlton resort at 455 Grand Avenue in Key Biscayne, sources told The Real Deal. Brookfield is working with JLL to market the 302-room, 275,000-square-foot property at 455 Grand Bay Drive, sources said. Brookfield acquired Watermark’s two-thirds stake in the […]

Miami Commercial Real Estate News November 22, 2023: Miami Beach Hotel Dev Site Trades for $27M; UDRB Approves 324-Unit Project in Edgewater; More…

Nov 22, 2023 - Top Stories - 0 Comments - Standard

Holidays Network pays $27M for Miami Beach hotel development site Holidays Network Group paid $27 million for a Miami Beach redevelopment site that has approvals for a 107-room hotel. An affiliate of Winter Park, Florida-based Holidays Network acquired an 88-unit apartment complex at 2618 Collins Avenue, records and Vizzda show. The firm obtained a $35.3 million […]

Miami Commercial Real Estate News November 8, 2023: Two Acres Acquired in Coral Gables for Development; US 1 Project Height Doubled; More…

Nov 08, 2023 - Top Stories - 0 Comments - Standard

Residences at NoMi to Offer 175 Homes for Seniors at 950 NE 124th Street in North Miami Developer Horizon at NoMi LLC has secured a $48 million construction loan for the Residences at NoMi, an affordable housing development for seniors in North Miami. Our sources indicate that the three-building complex will require 375,000 square feet […]

Miami Commercial Real Estate News October 25, 2023: Grodery-Anchored Center Trades for $49.3M; UDRB Approves Office, Resi Project; 137-Unit Clevelander Plans Filed; More…

Oct 25, 2023 - Top Stories, Uncategorized - 0 Comments - Standard

Miami board approves Edgewater and Midtown office projects, Wynwood resi building A Miami board approved office projects in Edgewater and Midtown, as well as a residential building in Wynwood, but was not impressed with proposed apartments near the Miami River. The Miami Urban Development Review Board on Wednesday greenlit three proposals, but took issue with a […]

Miami Commercial Real Estate News October 18, 2023: 29 Wyn Multifamily Trades for $135M; Iconic 756 ft. Tower Planned for Brickell; More…

Oct 18, 2023 - Top Stories - 0 Comments - Standard

Key International Reveals Plans For A New 50-Story Office Tower At 848 Brickell Avenue In Miami’s Financial District Key International, led by Inigo and Diego Ardid, has proposed concepts to redevelop the firm’s 848 Brickell office building into “Miami’s most iconic class-A office tower.” As the long-time owners of the existing building, Miami-based Key International […]

Miami Commercial Real Estate News October 12, 2023: 801 Brickell Trades for $250M, SLS Brickell Hotel for $55M; UDRB Votes to Approve 2,043 Unit Project at Miami Worldcenter; More…

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

Monarch Alternative Capital Buys 412,000 SF 801 Brickell Office Building in Miami Monarch Alternative Capital, an investment firm with offices in New York City, London and South Florida, has purchased 801 Brickell, a 412,000-square-foot office building in Miami. The 28-story high rise is located just a block from Biscayne Bay in downtown Miami’s Brickell neighborhood, […]

Miami Commercial Real Estate News October 4, 2023: Surfside Approves Plan for Collapse Site; North Bay Village Tower Approved; Coral Gables Dev Site Trades for $11.5M; More…

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

Condos Approved At Site Of Deadly Surfside Tower Collapse During Contentious Meeting Dubai-based developer Damac International won approval to move forward with construction of a 12-story condo property on the site of a 2021 condo collapse that killed 98 people in Surfside, Florida. The 52-unit condo development won approval from the Surfside Town Commission during […]

Miami Commercial Real Estate News September 27, 2023: $1B MXU Proposed for Medical District; 801 Brickell to Sell for $250M; Walgreen’s Location Trades for $13M; More…

Sep 27, 2023 - Top Stories - 0 Comments - Standard

Black Salmon, Allen Morris Co. Plan $1B Highland Park Miami Mixed-Use Project Black Salmon and The Allen Morris Co. have unveiled plans to develop Highland Park Miami, a $1 billion mixed-use project that will span seven acres and increase the footprint of the Miami Medical District by approximately 10 percent. Plans call for 1,000 residential […]

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