Mar 10, 2016 - 0 Comments - Top Stories -

Miami Commercial Property News March 10, 2016: New York Investors Buy Courthouse Tower; More…

New York Investors Acquire Miami’s Courthouse Tower

Brickman Associates, a New York-based real estate private equity firm, purchased the Courthouse Tower office building at 44 W. Flagler St. in Miami, FL from an entity controlled by the Donovan family.  The Courthouse Tower is located directly in the middle of downtown Miami. Totaling 26 stories…

CoastalTishman Breaks Ground on Miami Worldcenter and Paramount Miami Worldcenter

CoastalTishman held it’s groundbreaking ceremony this week for one of the largest mixed-use projects in the country, Miami Worldcenter. The project’s residential tower, Paramount Miami Worldcenter, broke ground in September 2015, according to CoStar research.  The site occupies 27 acres in the…

Air And Ocean Cargo Transport Company Inks Deal For 17,600 SF

The lease deal brings Prologis Beacon Industrial Park Building 4 to 100% occupied.

Management Of Aventura Office Tower Awarded

The Class A office tower totals 107,304 square feet.

NAIOP South Florida’s 2016 Awards of Excellence Held at Hyatt Regency

Last week NAIOP South Florida, a commercial real estate development organization, held its 2016 Awards of Excellence at the Hyatt Regency Pier Sixty-Six. The theme this year focused on community and individuals and organizations that benefited to the development of South Florida’s economic…

The Superyacht ‘Idol’ is Docked in Downtown Miami

Charter her for $290,000… a week Docked outside the Epic Hotel in Downtown Miami is Idol, a 193-foot superyacht built in 2007 and refitted in 2011.  It was designed by Austal with interiors by Sam Sorgiovanni. The vessel comes with the standard luxury yacht amenities, like WiFi, stabilizers, a jacuzzi…

Are There Warning Signs For A Hot CRE Market?

Coming off its second-strongest January ever, the national market in commercial real estate looks as robust and promising as it ever has. But are signs of a downturn hidden in all the good news?  Real Capital Analytics SVP Jim Costello thinks there are.  Costar…

Top 10 Office Tour Tips

I show office space every week and have done so for years. I have literally walked through hundreds if not thousands of office spaces and a myriad of buildings, so here are my top 10 tips for touring office space. Since you will be living in this space for years, you need to leave no stone unturned…

Signage: Your Name In Lights

The term “signage” is just commercial real estate jargon for signs. Signs have the potential of being a key component in an office lease negotiation. I have negotiated all types during my career and here are some ways to get your name in lights.  Typically all landlords grant their tenants…

Riverside Wharf: A ‘Good Deal’ For Miami

Because part of Riverside Wharf would be built on city-owned property, Miamians get a say in whether the project should get the green light when they go to the polls.

Foreign demand for US real estate is waning: experts

From the New York website: Real estate buyers from countries such as China, Russia, Canada and Brazil have poured hundreds of millions of dollars into New York real estate over the last few years…

Sagamore Hotel owner Martin Taplin dies at 77

Martin Taplin, a real estate investor, art collector and owner of the Sagamore Hotel, has died at age 77, The Real Deal has learned…

Developer to seek approval for mixed-use tower in Wynwood

A Brickell-based developer has filed plans for a 12-story office, retail and residential tower in Wynwood.
Wynwood Square aerial from the proposed plans.  One Real Estate Investment, founded and led by Jeronimo Hirschfeld …

Dezer, Related to close on $315M construction loan for Armani/Casa

Dezer Development and the Related Group plan to close on a $315 million construction loan for Residences by Armani/Casa in Sunny Isles Beach, and held a groundbreaking ceremony for the project on Wednesday…

Miami Beach approves measures to clean up Ocean Drive

Miami Beach commissioners on Wednesday moved to address long-standing complaints of petty crime, out-of-control noise and sidewalks overcrowded with tables and umbrellas on Ocean Drive.  Commissioners voted unanimously to adopt the recommendations of the Ocean Drive Task Force…

Video: Trump brags about his South Florida assets

Presidential hopeful Donald Trump visited South Florida this week for a golf tournament at his course in Doral, but also to hold a press conference in Jupiter about his recent primary win in Mississippi.
During his speech, the Republican frontrunner was…

Galbut to mostly demolish two Washington Ave sites to build new hotel

Miami Beach developer Russell Galbut is looking to build a seven-story hotel on the site of two retail buildings on 9th Street and Washington Avenue. Late Tuesday, the Miami Beach Preservation Board voted 6-1 to grant permission to Estis LLC, which is manage …