Dec 08, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News December 8, 2015

10 Acres In Miami Airport West Sells For $9.1 Million

The property is one of the last ±10-acre assemblages of land in the Miami Airport submarket.

Cushman & Wakefield Recruits Capital Markets Team from CBRE

Cushman & Wakefield has added one of the largest capital markets teams in Florida. Led by Scott O’Donnell, executive director and Dominic Montazemi, senior director, the nine-person team joins from CBRE.  Joining O’Donnell and Montazemi are Jason Hochman, senior director, Miguel…

JLL’s Don Cartwright sheds light on the present and future of Miami’s office market

Miami’s maturity as an international city makes it a very attractive place where companies, particularly with Latin American connections, want to have an office or regional presence. But its emergence as an international gateway also makes it vulnerable to global economic turmoil. With so much…

1 Hotel South Beach Launches Alluring Penthouse Collection

South Florida’s latest “it hotel” in the eco-friendly – and dog friendly – 1 Hotel and Homes South Beach has raked in $200 million in sales after blowing through their standard residential units, now unleashing a portion of their 29-unit penthouse…

MLS Gives Beckham Thumbs Up on Overtown Site

David Beckham’s dream of bringing Major League Soccer to Miami has made massive strides in recent days after sweeping periods of turbulence, with the league’s governing board approving the proposed Overtown stadium site over the weekend. Beckham’s group has about nine acres of…

David Beckham Secures Overtown Site for Stadium

David Beckham looks like he’s taking his talents to Overtown.  The man behind the increasingly challenging mission of bringing a Major League Soccer franchise to Miami announced via statement on Friday the site will be in Overtown, on 650 Northwest 8th Street, seven blocks east…

Brickell City Centre Reveals Largest Retailer Lineup To Date

Swire Properties Inc, cap off Brickell City Centre’s 2015 retail announcements with its largest lineup of luxury and premium retail tenants set to join the open-air shopping center under construction in the heart of Brickell.  The list includes coveted luxury brands, international household…

Latest trends in Downtown Real Estate Market

The latest results from the Miami Downtown Development Authority‘s ongoing residential market research are in and the findings may spell good news for renters.  A new report surveying development in and around Miami’s urban core found that nearly 90 percent of the new residential units…

Commercial Real Estate National News Roundup (Retail Edition) For Dec. 7, 2015

Black Friday and Cyber Monday have come and gone and the season that makes or breaks the retail books is upon us.  What are the must-read retail property stories from the big and the not-so-big markets?  They’re all right here in the Retail Edition of…

Video: How To Buy A 13-Unit Apartment Building

Matt Faircloth of New Jersey’s Derosa Group is a small real estate investor getting bigger, and he took some time to make a good video about how.  Getting investors together for a 13-unit multifamily property represented a big milestone – one that many in the residential space…

Risk & Finance Survey: Grocery Anchors Worth Avg 35 Basis Points

In the commercial property finance ecosystem, the cost of money is tied to widely used benchmarks such as the federal funds rate. Ongoing rumblings from watchers of the Fed are that the cost of money — aka the Fed’s funds rate — are soon…

CREC Closes Unusual Bulk Condo Deal

“This transaction and other recent non-core apartment sales speak to private capital’s strong appetite for cash flow generated from multifamily assets.”…

Can Mixed-Income Multifamily Really Work?

But Keith Poliakoff, who co-chairs Arnstein & Lehr’s Government Relations Practice Group in Fort Lauderdale, shares proof in this interview.

CushWake on Massive Recruiting Roll

CushWake recently hired one of the largest Capital Markets teams in South Florida—and more….

One of the Last 10-Acre Assemblages Sells

“We are in the midst of a demand-driven market in the industrial sector with very few remaining parcels of land for industrial use…”

CREC Completes $17 Million Bulk Condo Sale

With this transaction, Peter Mekras has closed three South Florida multifamily transactions representing 692 units and $70 million in the last ninety days.

CBRE Capital Markets Team Joins C&W

Earlier this month, CBRE’s prominent Broward office leasing team led by Deanna Lobinsky and Travis Herring joined the firm.