Aug 25, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News August 25, 2015

Keyes Commercial Realty

Keyes Commercial Realty

PortMiami Land Once Eyed By Beckham For Soccer Stadium Could Get A Hotel And Convention Center

A company is proposing to develop a project called Miami Yacht Harbor at PortMiami, on land where David Beckham wanted to build a soccer stadium.  MITC-2015 Inc. is the company that is pushing the proposal. Rene LaComb, who was part of an investment group last year that unsuccessfully tried to take over the Miami…

Regions Bank lends $16M for Bridge Development industrial project in Miami-Dade

Bridge Development obtained a $16.4 million construction loan from Regions Bank for its industrial project in Hialeah Gardens.  Bridge HG Two, an affiliate of the Chicago-based developer, was awarded the mortgage to build Bridge Point Crossroads West, a 242,000-square-foot industrial park. It’s on the east side of Northwest 112th…

UM Life Science & Tech Park seeks county funds for $112M expansion

The owner of the University of Miami Life Science and Technology Park has requested county funding to support a $112.1 million expansion with a mixed-use hotel and innovation center.  The project would bring one of the world’s most successful coworking space innovation companies to Miami. The catch is that the commission has…

How Art and Coffee Birthed Miami’s Hippest Neighborhood

 

In front of Panther Coffee, where her work is showing for a second time, muralist Jenny Perez works through mixed emotions, poised beneath the soft, ribbed ferns and vibrant red flowers of a Royal Poinciana. Wynwood, her stomping ground since 2008, became Miami’s cultural gem in whirlwind fashion, dressing an unmistakable…

Century-Old Downtown Miami Business Heads To Hialeah

The resort apparel company signed a long-term lease for 26,000 square feet at 9800 NW 78th Avenue.

5 Office Trends to Watch in Florida by Doug Irmscher

As Florida’s commercial real estate market enters the second half of the year, a lot of excitement and caution abounds in the marketplace. JLL took a look at what’s trending in the office space landscape from down in Palm Beach up to Jacksonville, covering the key markets the firm serves…

Losing Our Religion: Design District’s Extraordinary Wrought Iron Steeple is Now Just a Pile of Junk Metal

The developer who purchased the old Seventh Day Adventist Church in the Design District has just knocked it down, including the church’s extraordinary wrought iron steeple and bell tower. These photos of the carnage were provided by photog and Curbed reader Phillip…

Development Update: Residences by Armani/Casa to Open Sales Center in October, Break Ground This Fall

According to a press release, the Related Group/Dezer collaboration the Residences by Armani/Casa is scheduled to break ground in October, with its $8 million sales center opening sometime in the fall as well. Sales as of August 5th had reached 60 percent…

Infrastructure Watch: Bernard Zyscovich, Public Space Challenge Winner, is Bringing a Big-M-Shaped Bus Stop to Bayside

Zyscovich Architects has won $22,000 in the Miami Foundation’s Public Space Challenge to bring fun, funky bus stations to key locations around Miami, beginning in front of Bayside Marketplace with an initial concept bus shelter shaped like a big M. according to …

Zaha!: One Thousand Museum’s 24 Hour Concrete Pour had a Zaha Hadid Branded Truck Out Front

One Thousand Museum, Zaha Hadid’s Downtown Miami condo tower, began its 24-hour concrete foundation pour with a party Friday night and the pour continuing through Saturday. About 1000 truckloads of concrete were used in the pour, according to the developer…

Comment of the day re Grove Chart House: “Please tell me this doesn’t mean…

 

“Please tell me this doesn’t mean The Chart House will be demolished for this soulless design. There’s enough of this happening in Miami, can we please keep some of the little history we have left? Yes, the Chart House is California designed and built during the 80’s which was a time we’d all love…

National Commercial Real Estate News Roundup For August 24, 2015

On a morning of Wall Street and global equity market correction, sell-side signs in commercial RE mount, yet the secondary and tertiary markets that lagged and logged the least recovery look best from an investment standpoint. It’s all here at the Commercial…

Zyscovich designing bus shelter for Bayside Marketplace

Architect Bernard Zyscovich’s firm is designing a bus shelter at Bayside Marketplace, as part of a winning concept for the 2015 Public Space Challenge.  The challenge, funded through a $22,000 grant from the Miami…

Argentine developers plan office condo project in Ojus

A group of Argentine developers is planning to build an office condo tower in Ojus, just west of Aventura, The Real Deal has learned.  Privé Land…

Off Lease Only auto dealer boosts loan for mixed-use project

Off Lease Only, a used car company based in South Florida, took out an additional $7 million in financing for a planned, mixed-use auto dealership, Palm Beach County records show.  Mark J. Fischer and Eileen C. Fischer of Off Lease Only are the borrower…

Waterfront site in Fort Lauderdale sells for $13.5M

A condominium development site on the Intracoastal Waterway in Fort Lauderdale has traded hands for $13.47 million, or $396 per square foot, according to Broward County records.  Fort Lauderdale-based Atlantic Residents Development…

Where Is the Demand for Office?

The national office vacancy rate remained unchanged from the first to the second quarter, mired at 16.6 percent and moving down just 30 basis points over the past 12 months. Monthly job growth has been choppy as of late, though recent months have been more heartening. And while we still expect an uptick in economic activity over the course…

Some Multifamily Markets May Be in the 7th Inning

Investors looking to avoid institutional competition and obtain better yields may want to take a look at secondary markets like Atlanta, Chicago, Dallas, Houston, Las Vegas and others, Sunroad Enterprises’ Mike Dow tells GlobeSt.com. Dow recently joined the firm as president of its multifamily division. We sat down with him…