New committee could shape Virginia Key
The fate of Virginia Key could be shaped by a new advisory body proposed by Miami City Commissioner Francis Suarez. The city commission is set to consider the first reading of an ordinance to create a Virginia Key Steering Committee during today’s (12/10) regular meeting. The proposed advisory…
Riverside dining, fish market deal cruises ahead
A plan to turn riverfront land into a culinary destination and fresh fish market has the backing of Miami city commissioners and the Miami River Commission. On Monday the river commission unanimously supported the proposal, and the matter returns to the city commission today (12/10) for approval of…
Port bonanza in extended cruise contracts
County commissioners have unanimously authorized administrators to extend agreements with Geneva-based MSC Cruises and London’s Disney Cruise Line to expand their operations at PortMiami, bringing an expected $9.6 million and $7.8 million in revenue, respectively, in the next two years, with…
Transit-oriented development rolls ahead
A planned transit-oriented development that would bring new residential and commercial uses near the northern edge of the City of Miami earned initial approval from city commissioners. The Upper East Side site fronts directly on Northeast 82nd Street, as is being considered for a mixed-use development…
$1 Million Warehouse Condo Sale Closed
“It’s Real Estate 101”, said Stigliano. “The first prospective buyer to call is the next door neighbor” and sure enough that was the case in the $1.05 million sale.
Law Firm Relocates HQ, Inks 15,000 SF Lease
The 28-lawyer firm moved from where it’s been based since 1970.
38-Acre Redevelopment Site Purchased For $6.7 Million
Hialeah Park Racing and Casino owner John Brunetti made the purchase.
Regalia Developers to Build 77 Story, Mixed Use Tower on Biscayne Blvd
Sound Hospitality Management sold the Holiday Inn at 340 Biscayne Blvd. in Miami, FL for $65 million, or $325,000 per room, to Regalia Developers. The buyer intends to tear down the existing structure and build a 77-story, mixed-use tower in its place. The proposed World Trade Center of the…
Perez on a Miami Market Slowdown: “We’re seeing it now”
Is Related Group CEO Jorge Perez worried the Miami housing market is in another bubble? “Yes I think we’re building a lot,” Perez tells Bloomberg in an interview with topics ranging from art to real estate. “Perhaps we’re getting a little bit ahead of the demand. Nevertheless, remember…
Miami Rents Continue to Soar in November
Rent in Miami continues to rise as the city ranked ninth nationally in one-bedroom median rents across the country for the second consecutive month, according to the latest report from Zumper. The data shows one-bedroom median rents rose rose to $1,890, indicating a $20 increase in each of the last…
Stylish One Bay Residences is Coming to the Design District
There’s an interesting new development about to break ground in the Design District called One Bay Residences. The upscale residential development of 38 modern, multistory luxury townhomes is set to begin construction later this month with occupancy slated for…
Moishe Mana’s $4.6M Deal Ups Downtown Miami Holdings To 38 Properties
Owning 805,543 square feet of property acquired in the past 20 months, Mana is close to completion of his assembly and working on a master plan to propel Miami into a global hot spot.
Miami Beach voters to decide on convention center hotel
Miami Beach commissioners on Wednesday approved putting a measure on next year’s ballo
Video of Jorge Perez on the Miami market slowdown
Related Group CEO Jorge Perez hosted a Bloomberg Go reporter in his art-filled Coconut Grove home, where he talked about whether Miami is facing another housing bubble. “I think we’re building a lot,” Perez said. “Perhaps we’re getting a little bit ahead of the demand.
Firm Taps Into Lifestyle Retail Rush
The firm has picked up 11 new retail assignments totaling over 1 million square feet in recent months….
Valuation Expert Wrestles Attorney Over ‘Proof’
“Success or failure may be judged by longer-term operation and financial performance, not by 90 days of move-ins.”