Aug 03, 2015 - 0 Comments - Top Stories -

Miami Commercial Property News August 3, 2015

Keyes Commercial Real Estate OfficesRetail property in Miami’s trendy Wynwood district sells for $12.24M

CJL Wynwood, an affiliate of New York’s Centurion Realty, LLC, has secured a property in Miami’s Wynwood for $12.24 million in a joint venture with James Realty and Link Real Estate.  The New York company bought two adjacent parcels at 2507, 2511 N.W. 2nd Ave in Miami and 184 N.W. 26th St. in Miami. The property has…

5 retailers announce new South Beach storefronts

An array of retailers have announced new locations on Lincoln Road in Miami Beach, one of South Florida’s most heavily trafficked tourist destinations:  Anthropologie will relocate to a proposed development at 801 Lincoln Road from 1108 Lincoln Road. The women’s clothing, accessories and home decor retailer has signed a 10-year lease…

Kenny Nachwalter PA Relocating to Four Seasons Tower

Kenny Nachwalter PA, a business litigation firm, is relocating to Four Seasons Tower at 1441 Brickell Ave. in Miami, Florida, after 37 years in downtown Miami.  It will be leasing 21,000 square feet, the majority of the 11th floor. The long-term lease begins early next year.  Cushman & Wakefield…

FIU Students Trying to Build Bullet Train to Miami Beach

A group of students mainly from FIU, but also UM, and Miami-Dade College are trying to bring a maglev train to Miami, an idea that would be pretty incredible if and when it actually got built. Maglevs are superfast ‘bullet trains’ that levitate on magnets and already exist in China and Japan.

The Life Aquatic: Miami Science Barge Coming to Museum Park Next Year

The Miami Science Barge, which when completed will be exactly what it sounds like, officially has a home: Museum Park, or mores specifically, in the water right next to Museum Park. In a lovely turn of events, this puts the floating laboratory and educational facility…

Preservation Watch: Almost Demo-ed Art Deco Gem on Alton Coming Back to Life

A compact little art deco masterpiece on the northern end of Alton Road that only months ago was extremely close to demolition by its former owners who wanted to replace it with something far larger and far newer will instead be restored to its original glory by a new…

Mindboggling Reveals: Icon Bay, Related’s Pride and Joy, is Done. And Here It Is

The Related Group’s latest thing, the luxury condo tower Icon Bay in Edgewater, is done, public park and all. And here it is. There isn’t much to say about Icon Bay and Icon Bay Park that Curbed Miami hasn’t already said (see our extensive archives). We’ve…

FAQs – 1031 Exchanges (Tax Deferred Exchanges) for Commercial Real Estate

Frequently Asked Questions (FAQs) – 1031 Exchanges (Tax Deferred Exchanges) for Commercial Real Estate
Question 1:    What is the difference between a sale and an exchange?  Answer 1:  A sale…

Adult entertainment firm buys Miami Gardens warehouse for $15M

An adult entertainment company has picked up a warehouse and showroom in Miami Gardens for 15 stacks, or $15.3 million, according to Miami-Dade County records.  An affiliate of RCI Hospitality Holdings, a publicly traded operator of strip clubs, nightclubs and adult entertainment…

Hotel boom creates array of ‘stay-cation’ options

As South Florida has become a hot spot for hotel development, residents of Miami-Dade, Palm Beach and Broward counties have more upscale “stay-cation” options than ever.  South Florida residents planning a local vacation have more than their fair share of chic hotel…

Delray Beach mayor takes over condo-hotel project

A judge agreed to the appointment of Cary Glickstein, the mayor of Delray Beach, to oversee the completion of the Palm House condo-hotel project, which has been plagued by an internal dispute among the owners.  Palm Beach County Judge Donald W. Hafele appointed Glickstein…

Miami Beach residents to vote on Ocean Terrace upzoning

For the first time ever, Miami Beach voters will decide whether or not a developer should receive a zoning increase.
By a vote of 6:1, the Miami Beach City Commission moved forward with zoning changes that will enable developer Sandor Scher to build a pair of high-rises at…

Attorney: Cesspool of Legal Issues in Cuba CRE

Cuba is certainly a hot topic in foreign investment discussions these days. But proceed with caution.