Apr 15, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate Headlines April 15, 2015

Keyes Commercial Real Estate

Keyes Commercial Real Estate

American Dreamin’: The biggest mall in America…

The biggest mall in America is one step closer to being built way out in Miami Lakes. Governor Rick Scott and his cabinet have unanimously approved the sale of 82 acres of state lands to Triple Five, the developer who plans to build the 200 acre American Dream Miami megamall, complete with indoor ski…

Revenge of the megaprojects: The developer of the megaproject around Galleria Mall…

The developer of the megaproject that will surround and connect to Fort Lauderdale’s Galleria Mall is presenting revised and scaled down plans today for the seven tower project which will now have “1,250 residential units, 163 hotel rooms, 105,796 square feet of office space, 51,345 square feet of…

Construction Watch: Rem Koolhaas’ Faena Forum Arts Center Begins to Take Shape

Curbed reader Ramon Garcia sent in these photos of construction at the Faena Forum arts center in Miami Beach, showing the progress that has been made so far on the structure, designed by Rem Koolhaas/the Office for Metropolitan Architecture. The distinctive form of the…

Miami River property rescued from foreclosure by race car driver

A marine industry property on the Miami River avoided foreclosure after it was purchased by a partnership including a professional racecar driver.  Alimar at the River got hit with a foreclosure lawsuit in July 2014 by the Maria Alvarez Trust over a $2.54 million mortgage. It targeted the property at 600 N.W. Seventh Avenue…

Miami Rescue Mission lists part of Wynwood land for sale

The Miami Rescue Mission has decided to sell some of its facilities in Miami’s hot Wynwood district.  The non-profit wants to unload about 80,000 square feet of land with 43,000 square feet of offices and warehousing in the 2200 block of Northwest 1st Avenue. It hired FIP Realty Services as the broker.

Preservation Watch: Exploring the Painstaking Restoration of the Venetian Pool

Coral Gables’ Venetian Pool reopened Saturday March 14th after only the third renovation since its creation in 1923, a restoration and preservation that sought to change as little as possible while giving the venerable pool some tender loving care. Commissioned by…

SunTrust building in downtown Miami completes $15M revamp

Renovations of the SunTrust International Center, a 31-story, 449,000-square-foot office building in downtown Miami are complete, Crocker Partners announced on Monday.  The $15 million of improvements include 20,000 square feet of spec Class A office suites, a 4,000-square-foot Bayview Sky Terrace, a tenant gym and a conference facility, according to a press release.

With Algorithms Buying Homes, What Could Go Wrong?

The Wall Street Journal reports that big players in the real estate industry have started to embrace quantitative data analysis and mathematical modeling, utilizing algorithms to evaluate how homes are scouted and purchased. For instance, Blackstone Group’s…

Development Update: Roman & Williams Hired for Chetrit’s Giant Miami River Project

Miami’s Urban Development Review Board will meet tomorrow to vote on updated designs for the Chetrit Group and JDS Development Group’s massive Miami River development, which is still going by the hyper-generic working title ‘Miami Riverwalk’, or something. The Next Miami took some cellphone snaps…

Why the Strong Dollar May Not Hurt Miami CRE

Anita Funtek, CEO of Miami New Construction Show, has some strong opinions about the area’s condo market. Do you agree with…

Coral Gables Rises on Investor’s Radar Screen

“There is wealth of opportunity for both office and retail tenants looking for a centralized location and access to a strong consumer base in Coral Gables.”

Obama to Remove Cuba from State Sponsor of Terror List

President Barack Obama will remove Cuba from the list of state sponsors of terrorism, the White House announced, a key step in his bid to normalize relations between the two countries.

Attorney Closes 1031 Exchange With Doral Acquisition

Manny Vadillo represented the seller of a Doral office building in a $23.5 million transaction…

Block in Downtown Miami Up for Grabs

A retail parcel spanning an entire block in downtown Miami on Flagler Street, a block west of Biscayne Boulevard, just hit the market.

Here Is Why Rent Will Probably Rise Again This Year

Living in an apartment? Expectrent to go up again.  Here is why…