Hyatt Centric South Beach opens
Hyatt Centric South Beach Miami, a new “lifestyle hotel” developed by Miami-based Robert Finvarb Companies and its partner David Martins, is now open, the developers announced on Monday. The 105-room hotel at 1600 Collins Avenue, represents the first Hyatt Centric-branded hotel in Miami Beach, and the second Hyatt Centric…
Waterway Shoppes of Weston sold for $15M
The Waterway Shoppes of Weston sold to a Coral Gables-based company for $15.3 million. Insumos Ferrovairos Inferca, managed by Jose I. Fernandez in Weston, sold the retail center, at 2210-2282 Weston Road, to Coral Gables-based Waterway Ventures, managed by Dylan Fonseca. Macquaire Invesments, an affiliate of Des Moines…
Megraproject du jour: Sunrise Makes Way for Massive Mixed-Use Metropica
Talk about megaprojects, out in the burbs, Sunrise’s Metropica—the 65-acre, mixed-use development—is one of the new goliaths of development projects coming to South Florida (see Downtown Doral. Brickell City Centre, Miami Worldcenter to name a few others). A design team consisting of…
Publix bags Hollywood shops for $39M
An affiliate of Fort Lauderdale-based Stiles sold Publix Super Markets a store-anchored shopping center in Hollywood, according to Broward County records. A Publix affiliate paid $39 million for the 13.6-acre site at 1700 Sheridan Street. Other tenants of the newly…
Wynwood property triples in values as Thor Equities pays $27M
A stretch of properties in Miami’s emerging Wynwood neighborhood sold for more than triple its price of two years ago, as Thor Equities shelled out $26.9 million for it. SBT Wynwood II, an affiliate of New York-based Tristar Capital led by David Edelstein, sold the property at 252, 268 and 286 N.W. 29th Street…
Here’s what sold between $1M and $8M this week
Vacant land near Tamiami sells for $4 million. A four-acre stretch of vacant land near Tamiami, which was recently sold for $4 million, is likely going to become a Walmart. The land was sold by a Coral Gables-based company, whose managing…
Why CWI Bet Big on Ritz-Carlton Key Biscayne
High barriers to entry was just one of the many reasons. Get inside Carey Watermark’s head….
Amenities Drive New Kendall Multifamily MXD
A citrus grove, dog park with grooming station, full-size soccer field, and neighborhood retail are just some of the unique amenities at this Altman development….
Behind the Deal: $88M CocoWalk Trade Dissected
Coconut Grove is attractive to many retail developers, investors and tenants. Find out why Federal Realty Trust, Grass River Property and Comras came together to buy one iconic asset there.
Stearns Weaver Team Handles CocoWalk Acquisition
Peter Desiderio, Joy Spillis Lundeen and Curtis Sitterson were part of the Stearns Weaver team that represented minority partner Grass River Property in the $87.5 million acquisition of CocoWalk.
Multifamily Construction Costs Fall, Labor Costs Rise
Worried about a multifamily construction project? At least the price of lumber and sheet rock is low, along with a long shopping list of other construction materials needed to build apartments. That may help apartment projects avoid cost overruns…