Category: Top Stories

Miami Commercial Real Estate News November 16, 2022: Veto of Project Outside UDB Overridden; MiMo Multifamily Trades for $175M, Doral Industrial for $29M, Hialeah Gardens Nursing Home for $43M; More…

Nov 16, 2022 - Top Stories - 0 Comments - Standard

Miami Beach seeks development partner for Art Deco apartment building Miami Beach officials are contemplating partnering with a developer to renovate a city-owned Art Deco apartment building. The Miami Beach City Commission on Wednesday authorized staff to move forward with crafting a request for proposals to partner with a developer that can fix up the […]

Miami Commercial Real Estate News November 9, 2022: Deauville Upzone, Lincoln Road Office Projects Voted Down; Retail Rents Up; Office Sales Dive; A $471M Multifamily Properties Trade; More…

Nov 09, 2022 - Top Stories - 0 Comments - Standard

Robert Rivani fattens his South of Fifth restaurant portfolio Robert Rivani is done hunting for commercial condos in Miami Beach’s South of Fifth neighborhood after picking up a restaurant space near Joe’s Stone Crab. Rivani, a mohawked retail investor who leads Los Angeles-based Black Lion Investment Group, paid $12.2 million for a 13,500-square-foot commercial unit […]

Miami Commercial Real Estate News November 2, 2022: Fed Hikes Rates; UDB Expanding Industrial Project, $100M Cutler Bay Senior Living MXU Approved; Another Aging Condo Evacuated; More…

Nov 02, 2022 - Top Stories - 0 Comments - Standard

Miami & Other Sun Belt Markets Dominate Top 10 ‘Markets to Watch’ in 2023, According to Emerging Trends Report A variety of Sun Belt markets once again lead the “top markets to watch” in 2023 for overall real estate prospects, with Nashville ranking No. 1 for the second consecutive year in the annual Emerging Trends […]

Miami Commercial Real Estate News October 26, 2022: North Miami Multifamily Dev Site Trades for $14M, Edgewater Dev Site for $21M; $500M Miami Beach Condo Buyout Falls Apart; More…

Oct 26, 2022 - Top Stories - 0 Comments - Standard

Electra, BH purchase former Cutler Bay Sears store for $34M Seritage Growth Properties’ Andrea Olshan and Electra America’s Joe Lubeck with former Sears store at Southland Mall, 20505 South Dixie Highway:  Electra America and BH Group added a former Sears store to the joint venture’s Southland Mall assemblage slated for a $1 billion overhaul. The […]

Miami Commercial Real Estate News October 19, 2022: UDB Expanding Project Vote Deferred; Edgewater Dev Site Trades for $23M; Office Rents Climbing; More…

Oct 19, 2022 - Top Stories - 0 Comments - Standard

Oak Row and Lndmrk pay $23M for Edgewater dev site Oak Row’s David Weitz and Erik Rutter, Lndmrk’s Alex Karakhanian with 2927 Northeast Fourth Avenue: Oak Row Equities and Lndmrk Development are embarking on another Edgewater joint venture, snapping up a 1.5-acre site for $22.5 million in the booming Miami neighborhood. The joint venture is […]

Miami Commercial Real Estate News October 12, 2022: Coral Gables MF Trades for $42.5M, Blue Lagoon Office for $17M; Doral TOD Nears Groundbreaking; More…

Oct 12, 2022 - Top Stories - 0 Comments - Standard

Miami accounting firm pays $17M for Blue Lagoon office building Accounting firm Benitez & Co.’s principals rang up a $16.9 million purchase in Miami’s Blue Lagoon neighborhood, acquiring a four-story office building with a helipad. Juan and Maria Benitez bought the roughly 61,000-square-foot Waterford Corporate Centre at 5835 Blue Lagoon Drive, said their broker, Manny […]

Miami Commercial Real Estate News October 5, 2022: FTX, Muriel Siebert & Co. Relocating to Miami; Ken Griffin’s Plans for Brickell; $200M Offered for Casablanca Miami Beach; More…

Oct 05, 2022 - Top Stories - 0 Comments - Standard

Aventura officials give thumbs-up to 86-unit condo tower A 26-story condo project is moving forward in Aventura after developers scored a key approval from the city. The Aventura City Commission voted to grant a conditional-use permit for an 86-unit condo tower proposed by a joint venture between 2151 Development Group and 2020 Acquisitions. The tower, […]

Miami Commercial Real Estate News September 28, 2022: Three Miami Beach Hotels Trade for $100M; Brickell City Center Mega Tower Approved; More…

Sep 28, 2022 - Top Stories - 0 Comments - Standard

Baptist Health sells Doral data facility for $34M American Tower, a global communications infrastructure real estate investment trust, bought a data center in Doral from Baptist Health South Florida for $34 million. Records show American Tower bought the data center at 2100 Northwest 84th Avenue from Miami-based Baptist via a Delaware LLC. American Tower is […]

Miami Commercial Real Estate News September 21, 2022: Billion Dollar Redevelopment Planned for Southland Mall; Jungle Island Expansion Advances; More…

Sep 21, 2022 - Top Stories - 0 Comments - Standard

The Growing Power of Tech on Miami’s Commercial Real Estate Market Miami’s exploding tech footprint landed it on the list of emerging tech hubs according to our recently published blog, Tech Markets to Watch and Why the Field’s Getting Competitive. Throughout the past decade, tech companies and venture capitalists migrated in droves to Miami, surging […]

Miami Commercial Real Estate News September 14, 2022: Fisher Island Dev Site Trades for $100M, One Near Beckham Stadium for $32M; $30M Edgewater Assemblage Closes; More…

Sep 14, 2022 - Top Stories - 0 Comments - Standard

Related Group, partners close on $100M-plus Fisher Island development site Jorge Pérez’s Related Group and its partners closed on their purchase of the last condo development site on exclusive Fisher Island in Miami Beach. Miami-based Related, billionaire Teddy Sagi, BH Group and Chicago-based Wanxiang America RE Group paid more than $100 million for the property […]

Miami Commercial Real Estate News September 7, 2022: Miami Beach Macy’s Trades for $16M, Hialeah Park Dev Site for $14M; Little River Biz Park Listed at $39M; More…

Sep 07, 2022 - Top Stories - 0 Comments - Standard

Pan Am Equities lists Little River business park for $39M For the second time in two years, Pan Am Equities is looking to cash out of an office business park in Miami’s Little River. Affiliates managed by Scott Solomon, president and CEO of Pan Am, a New York-based real estate development and management firm, recently […]

Miami Commercial Real Estate News August 31, 2022: Gables Station MXU Trades for $430M, Miami Worldcenter Dev Site for $30M; Site for $185M Riverside Wharf Project Headed for Lease; More…

Aug 31, 2022 - Top Stories - 0 Comments - Standard

Swiss developer debuts in Miami with multifamily project Swiss firm Empira Group is making its foray into South Florida with a $9 million purchase of a multifamily development site in Miami’s The Roads neighborhood. Empira wants to build the eight-story CoralGrove Brickell project on a half-acre site along Coral Way, at 3025 and 3051 Southwest […]

Miami Commercial Real Estate News August 24, 2022: Voters Approve Miami River Dream Project; Wynwood Development Site Hits Market for $32M; More…

Aug 24, 2022 - Top Stories - 0 Comments - Standard

Miami Beach voters approve upzoning referendums Miami Beach residents voted in favor of zoning changes that could boost floor area ratio — or overall project size — of certain properties in the city. They also approved closing a loophole tied to the city’s vacation of public streets. Voters on Tuesday approved an increase in FAR […]

Miami Commercial Real Estate News August 10, 2022: Medley Industrial Trades at 4x 2017 Price; Hialeah Shopping Center Sells for $43M; More…

Aug 10, 2022 - Top Stories - 0 Comments - Standard

Enrique Manhard, Miami’s great land gambler Enrique Manhard, whose past bets on clothing stores turned him into a fashion mogul, is wagering on another lucrative industry: Miami real estate. Manhard and his partners have purchased 27 lots in the city since 2017. They join other tycoons who have built empires across industries such as professional […]

Miami Commercial Real Estate News August 3, 2022: South Beach WeWork Location Sells for $37M, Little Haiti Retail for $17M; Citadel Takes 95K sf at 830 Brickell; More…

Aug 03, 2022 - Top Stories - 0 Comments - Standard

Industrial rents keep climbing, as vacancies drop in South Florida Inflation? Recession? Pfft. South Florida’s industrial market hasn’t slowed down, as super low vacancy rates continue driving rents to new heights. In the second quarter, industrial landlords in Miami-Dade County increased asking rents by more than $1, compared to the same period last year, while Broward […]

Miami Commercial Real Estate News July 27, 2022: CBD Multifamily Trades for $184.5M, NMB Self-Storage for $26M; 2.6M sf Spec Industrial Planned for Doral; More…

Jul 27, 2022 - Top Stories - 0 Comments - Standard

Coral Gables commission gives Allen Morris another chance for Ponce Circle project The Allen Morris Company has another chance to amend its plans for a controversial development near The Plaza megaproject in Coral Gables. The city commission voted to postpone a decision on two ordinances that would allow a change in the property’s zoning to […]

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Within these pages, you will find infomation related to Miami area commercial real estate, Miami-Dade County commercial property. Most specifically, you will find information about retail, multifamily, office, and industrial property in the Miami, Florida area. This will include information about lease rates, price trends, closed transactions, rumored transactions, economic statistics, capitalization rates, vacancy rates, rental rates, and development related to commercial real estate in the Miami area.

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