New York investor buys Wynwood retail complex for $29.5M
A New York-based investment firm has purchased its second property in Wynwood for a whopping $29.5 million. Located at 2621 Northwest Second Avenue, the building is a retail complex dubbed the Wynwood Block, which — true to its name — takes up a full city block. It was…
Rumormongering: Genting Seems to be Planning Something for Resorts World
Genting, the Malaysian casino conglomerate that had proposed to build the world’s largest casino, known as Resorts World Miami, on the site of the old Miami Herald Building, seems to have something cooking in regards to the stalled project. A few weeks ago…
Miami Beach meeting focuses on how to cope with sea level rise
Before a sparse audience of property owners huddled in a meeting room at the Miami Beach Golf Club, Miami Beach Planning Director Thomas Mooney said planning for sea level rise is the most difficult task facing the…
Zoning seeks workforce housing near Arsht Center
A new zoning classification is available to developers who want a bit more floor space, in exchange for participation in the City of Miami’s public benefits program, a part of Miami 21, the city’s zoning code.
Half-block in Wynwood up for grabs at $11.9M
Fun with urban Revitalization: The plan to revamp, and…
The plan to revamp, and partially pedestrianize Biscayne Boulevard has achieved one of its first official milestones: the Florida Department of Transportation’s tacit approval to reduce the number of lanes. Now it’s a plan with at least some amount of official regulatory approval, instead of just a…
CRE Prices Climb Higher, Led by Industrial Assets
Higher than any other property type, prices on industrial assets have been spiking up, with the industrial value-weighted price composite rising 4.2 percent for the three-month period ending Jan. 31, and 17.8 percent for the 12-month period ending the same date…
Come early June when 2015 taxable values are completed, Miami-Dade Property Appraiser Pedro Garcia expects that people will be impressed with how well the commercial market is doing in the downtown and Brickell area.
Miami Dade school board gives mega mall its blessing
Developer Triple Five has passed another obstacle in its plan to build the nation’s largest mall in Miami-Dade County. The county’s school board voted unanimously Wednesday to break its lease on a portion of state-owned land that the developer wants for…
Proposed hotel near Jackson Memorial Hospital uses crowdfunding
To help fund construction for his extended stay boutique hotel project near the Jackson Memorial Hospital campus in Miami, Colombian developer Alfredo Acosta turned to crowdfunding, the practice of finding capital from a large number of people via the Internet…
Oceanbleau in Hollywood launches sales
Oceanbleau, a luxury condominium project in Hollywood Beach that was announced last month, has just launched sales. Developer Maxwelle Real Estate Group brought on Miami-based BH3 Realty to handle all sales for the project. The brokerage is a sub-division of development…
Two Rare Miami Trophy Retail Assets Trade Hands
“It is rare to find a net-leased trophy asset within the Collins Fashion District.”…
Miami Today: How realistic is the dialogue in the Grove Playhouse drama?
Miami renters increase 25% in 7 years
Miami’s rental population is growing and market watchers are divided as to why, with some saying it’s temporary and others that housing prices are prohibitive for anyone but the super-wealthy. According to NYU Furman Center’s study titled “Renting in America’s Largest Cities,” nine out of 11 cities…
Ugo Colombo’s CMC Expected To Sign A Deal To Buy Windows For Four Upcoming Projects
Ugo Colombo will soon sign a deal to buy impact-resistant windows for four projects that his CMC Group is planning in Miami, according to Colombian window manufacturer Tecnoglass. Colombo recently sold Glasswall, a manufacturer of impact-resistant windows and doors, to Tecnoglass. He started Glasswall…