Report: Downtown Miami Condo Market Shifting
Fewer foreign buyers are doing all cash deals or hefty deposits, but Integra Realty Resources points to an emerging buyer group that’s helping to pick up the slack….
Miami Worldcenter developer settle litigation with broker Laquer
Real estate broker Edie Laquer’s long-running lawsuit against the developers of the $1.5 billion Miami Worldcenter project has been resolved, but the parties aren’t saying on what terms. The mixed-use project featuring retail, restaurants, residential and a convention center hotel on the north side of downtown is one of the largest developments in Florida. Miami…
Implosion At Faena’s Versailles In Miami Beach
For the first time in 60 years, the original Versailles Hotel in Miami Beach stands alone – without a boxy addition that was added 15 years after it was built. The 1955 addition was imploded on Saturday, while the original 1940 Versailles structure was retained. Miami Beach’s Historic Preservation Board approved the partial demolition…
NY investors sell Publix-anchored shops for $17M
An affiliate of New York-based Blackpoint Partners sold the Polo Grounds Mall in West Palm Beach for $16.67 million, according to Palm Beach County records. FREP III-Polo Grounds, a company tied to Tampa-based Forge Capital Partners, acquired the 132,241-square-foot shopping center, which sits on…
Hialeah retail plaza sold for $11M
Ready Shopping Center in Hialeah sold for $11 million to a local company. The Cayon Family L.P. No. 2, led by Maurice Cayon in Hialeah, sold the 60,938-square-foot shopping plaza to Doral-based W 12th Ave Investment. Marcus & Millichap’s Drew A. Kristol and Kirk D. Olson represented the seller while Miami Gables…
Dadeland Mall to renovate food court, add restaurants
Dadeland Mall will renovate its food court in time for the holiday season, Simon announced on Monday. The multimillion-dollar renovation will span 19,298 square feet and include additions such as new vertical louvers, light fixtures on an existing rotunda, a skylight, and new furnishings.
Sapir, Rosen to launch luxe Surfside hotel with Turkish partners
Israel-based ASRR Capital, controlled by Alex Sapir and Rotem Rosen, and Istanbul-based Suzer Group have announced a partnership with prominent Turkish businesswoman Ozlem Onal to create a high-end luxury hotel at the oceanfront building they purchased in Surfside last week…
Executive Airport Business Center Sale Closes
The asset was purchased by a joint venture between two Chicago-based investment firms.
Weston retail plaza Waterways Shoppes II escapes foreclosure with new loan
The Waterways Shoppes II in Weston resolved a foreclosure lawsuit after finding a new lender. The 33,617-square-foot retail center at 2310 Weston Road was hit with an $11.6 million foreclosure lawsuit in 2013. The loan was subsequently sold to CF Waterway Holdings, an affiliate of Coral Gables-based Continental Real Estate Cos. (CREC).
14,000 SF Deal Inked At Flagler Station
The deal represents the telecom’s first Miami location, which will serve as part of its expansion into the Latin American market.
Is Miami Worldcenter Mall’s Developer Getting Cold Feet?
A report from Goldman Sachs suggests developer Taubman Centers may be getting cold feet about the 765,000-square-foot mall, but the company said it remains committed to the project.
Lifestyles of the Rich and Richer: How Much It Costs to Rent or Buy in One of Miami’s Luxe Hotels
Ever wondered how much it costs the select few who get to live in Miami’s top hotels? Back in April, we caught a glimpse of “America’s priciest tiny home” in none other than Miami Beach’s Setai. Here’s how much it costs to live in Miami Beach’s highest style, from the St. Regis to the Setai.
Public Art: The Design District Has the Coolest Mall Guide Map Ever
It may not list stores or have a bright red star with ‘you are here’ written next to it, but this little model of the Miami Design District which is located prominently by the entrance to the Palm Court’s underground parking garage and likely made out of bronze may be the…
It isn’t easy being green: Parks advocates went to Parcel…
Parks advocates went to Parcel B, the waterfront swath of grass and asphalt behind the American Airlines Arena, Saturday morning to unofficially dedicate it Dan Paul Park, drawing attention to the 20 year old problem. According to Channel 10, the Miami Heat, which promised to turn it into a park 20…
On the Market: Now that Trolleygate has been…
Now that Trolleygate has been over for about a year, with the Coral Gables Trolley Terminal securely back in the Gables, the terminal and maintenance facility that developer Henry Torres built in the West Grove is for sale. “Maybe to make it up to the community, our Commissioner should turn it into…
Miami Real Estate Brokers Headed to China
Real Estate is among the fast growing industries in the world; most people have invested in real estate as an individual or a company. Miami Real Estate Brokers’ motivation to…
Another Historic Miami Art Deco Hotel Trades
“This is the third hotel that Think Group has purchased with us in the last two years.”
Buyers Maintain Discipline Amid Deal Flow
Investors in 2015 are being “very disciplined in the way they deploy their funds, whether it’s debt or equity,” Akerman LLP’s Richard Bezold tells GlobeSt.com.