Cap Rate for Retail Properties from 5,000 to 15,000 square feet in Miami-Dade County for the 10 Years Ending 2015
The capitalization rate (cap rate) for mid-market retail properties in Miami-Dade County (5,000 to 15,000 square feet) drifted to under 4% in the most recent period reported by…
California-Based CRE Firm Looking To Enter Miami Market
The firm has more than 850 commercial real estate brokers across the nation and wants to find partners for a Miami office. The post California-Based CRE Firm Looking To Enter Miami Market appeared…
Foundry Commercial Expands Team, Continues Growth In South Florida
The addition of notable industry talent brings new opportunities for the commercial real estate firm. The post Foundry Commercial Expands Team, Continues Growth In South Florida appeared…
Buyer Secured For Downtown Miami Office Tower
The sale yielded a 60% gain for the seller in less than two years. The post Marcus & Millichap Team Mandel+Partners Secures Buyer For Downtown Miami Office Tower appeared first on…
SVN South CRE Advisors Adds Director of Retail
Matt Rotolante has expanded his team to keep up with Miami’s in-demand retail market. The post SVN South CRE Advisors Adds Director of Retail appeared…
New Renderings of Miami Worldcenter’s High Street Retail Promenade
Weeks after Miami Worldcenter announced they were slashing the enclosed mall portion of the multi-billion dollar project in favor of high street retail, Miami Worldcenter Associates has released renderings of what that new promenade…
Average Sales Volume, Prices Up: 2015 Q4 Commercial Real Estate Market Survey
The latest survey of the national CRE market was published late last week. The key takeaways from the most recent survey sampling randomly from nearly 50,000 REALTORSⓇ holding an interest in CRE: Sixty-six percent of commercial REALTORS® closed a sale. Sales volume rose 7.4 percent…
AutoZone Purchases Retail Land ~ Valued At $700,000
NAI Miami has been AutoZone’s South Florida real estate representative since 2008 and has closed 15 transactions with 6 more currently pending closing.
Shared Office Space – The “Uber” of Commercial Real Estate?
The new sharing economy is changing the way business has traditionally been done across industries. The commercial real estate industry is no exception. Just like Uber and Lyft have disrupted the hired car industry and Airbnb is upsetting the hospitality industry, the trend of coworking, or shared…
Invesco buys majority share of SoFla industrial portfolio: $98M
Invesco Advisers just paid $98 million to the Easton Group for the majority interest of a substantial South Florida industrial portfolio. The deal closed Tuesday, attorneys Danielle Gonzalez…
Single-family homes, townhomes planned for Pinecrest
GC3 Development and Bindor Development are spurning condominiums and zeroing in on single-family homes and townhomes, with two projects underway in Pinecrest. Pinecrest Place, a luxury home development, has recently…
Underline linear park scores $75,000 for “Brickell backyard”
Pinnacle Housing Group, along with 13th Floor Investments and the Adler Group, have donated a combined $75,000 to the Underline, a planned 10-mile long linear park and trail in Miami-Dade County. The donations will be used for the…
Canvas signs off on $70M loan, plans groundbreaking event
Canvas, the condominium tower planned for Miami’s Arts & Entertainment District, has signed off on its $70 million construction loan from Bank of the Ozarks, The Real Deal has learned. NR Investments, developers of the 513-unit project, signed off on the loan on Tuesday…
Marriott pays $23.5M for South Beach hotel, plans renovation
The Edgewater Hotel in South Beach is about to get a facelift and new name now that it’s been sold for $23.5 million to Marriott International’s timeshare division. Marriott Vacation Club bought the 1930s-era building and its 49 suites, located…
Midtown, Wynwood and the Design District: all grown up?
As the Design District, Midtown and Wynwood continue to evolve, the neighborhoods could replicate the synergy of Greenwich Village, Chelsea, the High Line and the Meatpacking District in Manhattan, according to some big…