Aby Rosen’s RFR buys 100 Biscayne office tower in downtown Miami for about $90M: sources Aby Rosen’s New York City-based firm RFR Holding paid about $90 million for an office building in downtown Miami that had been tied up in litigation, sources told The Real Deal, as out-of-state investors continue to bet on the region’s […]
In $7M deal, Terranova adds another Miracle Mile building to Coral Gables portfolio In a $6.8 million deal, Terranova added another Miracle Mile retail building to its Coral Gables portfolio. The Miami Beach-based commercial real estate firm headed by Chairman Stephen Bittel bought the one-story site at 93 Miracle Mile, making it the 15th property […]
Mast Capital Unveils Plans for Miami Development Mast Capital has added another project to break ground on in 2022 after acquiring the land for its three-building master-planned development in Miami. The company, alongside equity partner Rockpoint, acquired a 2.8-acre site located at 1420 S Miami Avenue in the city’s Brickell neighborhood for $103 million in […]
Riverside Wharf plans entertainment complex with hotel Slated to break ground in 2022, the Riverside Wharf will soon be the newest entertainment attraction along the Miami River. Projected to be completed in 2025, the 200,000-square-foot, two-tower development plans to offer a fully immersive Miami experience anchored by a 165-room Dream Miami luxury hotel. The complex […]
As rent explodes nationally, Miami tops the charts up 38% In a year of robust growth in rents, five of the 10 cities where they soared the most were in Florida. Miami and Tampa rents skyrocketed 38 percent, the highest gains nationwide. Rents also shot up in Orlando, Jacksonville and St. Petersburg, by 32 percent, […]
Video: Q4 Multifamily Update with RealPage Senior Manager-Market Analytics Carl Whitaker Given what has been going on in multifamily, this one is must see video. Discussed are southeast markets, concentrating on Florida, noting that something like 9 out of the top 30 markets are in Florida. Addressed in whether the increased demand in Zoom towns […]
Given what has been going on in multifamily, this one is must see video. Discussed are southeast markets, concentrating on Florida, noting that something like 9 out of the top 30 markets are in Florida. Addressed in whether the increased demand in Zoom towns (desirable locations that accommodate remote workers) continue? Also, will the 2021 […]
Malibu firm picks up mobile home parks near Coral Gables for $50M A Malibu-based real estate firm paid $50 million to acquire two mobile home parks on Southwest Eighth Street… 1989 Sunny Court LLC, an affiliate of Marquis Property Company, bought the Silver Court park at 3200 Southwest Eighth Street and the Sunnyside/West Haven mobile […]
Ivanhoé Cambridge picks up Little Havana apartment complex for $105M With a $104.8 million purchase, a Canadian real estate development firm is the new owner of the InTown apartment complex in Miami’s Little Havana neighborhood. An affiliate of Ivanhoé Cambridge picked up the two-tower, 15-story multifamily project at 1900 Southwest Eighth Street, according to records. The […]
Miami Market Update: Investor Interest Drives Pipeline Growth As of September, Miami’s office development pipeline reached 2.9 million square feet, up 6.9 percent month-over-month, according to CommercialEdge data. The under-construction supply represented 4.3 percent of the metro’s total stock, significantly exceeding the the national average of 2.4 percent. The national under construction pipeline has… Construction on […]
Miami, West Palm Beach, Fort Lauderdale Among Markets Where Apartment New Lease Trade-Out is Much Higher With new lease trade-out reaching historic peaks recently, some apartment markets are seeing incredible momentum pace significantly ahead of renewal lease trade-out. In the nation overall, a surge in leasing activity in recent months led to an all-time high […]
Alex Karakhanian buys multifamily development site north of downtown Miami Developer Alex Karakhanian acquired a site in Miami’s Arts & Entertainment District for close to $15 million, The Real Deal has learned. A partnership led by Karakhanian’s Lndmrk Development acquired the property at 1635 North Miami Avenue, Karakhanian confirmed. Records show JRSY Limited, led by […]
Lerner Acquires Miami Tower for $114M Looking to build up a portfolio of South Florida communities, Lerner Enterprises has acquired a 294-unit high-rise community in Miami. The company purchased Motion at Dadeland from a joint venture led by Adler Group and 13th Floor Investments, in partnership with Barings LLC, for $114 million. Lerner also received […]
Rilea, Promanas buy Wynwood dev site, plan short-term rentals The development site at 100 and 94 Northeast 29th Street and 101 Northeast 28th Street in Miami, Co-developer Rilea Group’s owner and CEO Alan Ojeda and president Diego Ojeda and co-developer Promanas Group’s president and CEO John Bogdasarian are pictured. A short-term rental project with 127 units […]
Mill Creek sells Dadeland apartment towers to Starwood for $371M, marking largest multifamily sale of the year Starwood Property Trust paid $371.1 million for two apartment towers near Dadeland Mall, marking the most expensive multifamily investment sale of the year in South Florida. Starwood bought the Palmer Dadeland, at 8215 and 8217 Southwest 72nd Avenue, […]
Three Retailers Sign Leases at $4B Miami Worldcenter Development in Downtown Miami Three retailers have signed leases to join the tenant lineup at Miami Worldcenter, a $4 billion, 27-acre mixed-use development underway in downtown Miami. The three retailers are Sephora, a beauty and make-up retailer; Lucid Motors, an electric car company; and Bowlero, an entertainment […]
