New York firm proposes twin towers on downtown Miami site
A New York firm has just put forward plans to build two 43-story residential towers on a downtown Miami parking lot owned by Russell Galbut and Andrew Resnick. As first reported by the Next Miami, the proposal includes two residential towers with ground-floor…
200 Building Sold for $33.9M
Brickman Associates acquired the 200 Building at 200 SE 1st St. in Miami, FL from Integra Real Estate LLC for $33.85 million, or about $239 per square foot. The 12-story, 141,687-square-foot office building was building in 1970 and renovated in 1998 in the Downtown Miami submarket. Benjamin…
U.S. Movie Theater Chains Consolidating Almost as Fast as CRE Brokerage Firms
In a bold move to consolidate ownership of U.S. movie theaters, AMC Entertainment announced an agreement to acquire Georgia-based Carmike Cinemas to create the largest movie theater chain in the U.S. controlling more than 600 theaters and 8,380 screens. Under the terms of the agreement, AMC will …
$569 Million Florida Portfolio Sale Underscores Keen Investor Appetite for Seniors Housing
Last year set records for investment and M&A activity in the seniors housing sector, and a large joint venture portfolio acquisition by Welltower Inc. and the Canada Pension Plan Investment Board (CPPIB) suggests that deal activity shows no sign of letting up in 2016.
Leasing Assigned at Four Seasons Tower in Miami
Avison Young has been awarded the office leasing assignment for Four Seasons Tower located at 1441 Brickell Ave. in Miami, FL. The 250,000-square-foot office brings Avison’s office leasing portfolio in the past three years to 25 million square feet in Florida. The Avison Young leasing…
Inside Look at 121 Marina, Ocean Reef’s New Luxury Condo Development
Units will start at $4 million 121 Marina will be the first new luxury residential development at Ocean Reef in nearly two decades after Blue Jay Capital founder Eric Soulavy announced the project will begin construction this spring.
The Key Largo development will have 29 residences, of three-bedroom…
Photos and Video From Miami Worldcenter’s Groundbreaking
One of Miami’s most hyped projects is coming to life The highly anticipated and ever-changing Miami Worldcenter and Paramount Miami Worldcenter officially broke ground yesterday in Downtown Miami amid a swarm of media and high-profile guests like Mayor Carlos Gimenez and Miami Heat forward Udonis Haslem…
Sports Authority Goes Chapter 11, To Close 140 Stores
Englewood, CO-based sporting goods chain Sports Authority has ushered in the first major bankruptcy in the US 2016 retail sector. After news in January of the chain missing a $20 million debt coupon payment on a underlying debt reported at the time at $1 billion, today the company announced…
The week in luxury: A map of Miami-Dade’s priciest condo sales
Miami-Dade County saw a condo market boost at the end of February, with more than $70 million worth of closings recorded last week and a handful of multimillion-dollar sales. The week’s most expensive deal was the $5.5 million purchase of unit 1405 at the newly built Edition Residences in Miami…
Sneak peek: New renderings of Aurora in Sunny Isles Beach
Verzasca has released new renderings of its Sunny Isles Beach condominium, Aurora. Bay Harbor Islands-based Verzasca launched sales for the 61-unit mixed-use tower in the fall and has reached the 30 percent sales…
Blackstone’s Jonathan Gray bearish on CRE
Jonathan Gray, the Blackstone Group’s head of real estate, recently joined the chorus of investors and analysts warning of an impending slowdown in the commercial property market. While the national multifamily market remains strong, global…
Circle S Farm in Southwest Ranches back on the market: $14M
A 48-acre estate once home to Kentucky Derby winner Spendabuck will hit the market soon for $14 million, about $6 million less than its auction price last summer. Circle S Farm, a premier equestrian training and breeding…