Feb 02, 2016 - 0 Comments - Top Stories -

Miami Commercial Real Estate News February 2, 2016: Seminoles Unveil $1.8 Billion Expansion Plan; On Developing Liberty Square; More…

zy01aSeminole tribe unveils $1.8 billion plan for Hollywood hotel

The proposed guitar-shaped hotel that would be built in the Seminole Tribe’s Hollywood entertainment complex
Florida’s Seminole Tribe has unveiled its $1.8 billion expansion plan for entertainment facilities in Florida, though whether that proposal moves forward hinges on a new gaming…

Case-Shiller Miami Housing Index Up More Than 50% from 2011 Trough ~ Drives Land Values

After falling by nearly half from its 2006 peak, the Case-Shiller index has appreciated by more than 50% from its 2011 trough as of November 2015.  This level is now about 26% less than the peak levels of 2011, confounding many…

Controversial Miami 21 Zoning Code Proposed Changes (Again) on the January 28th City Commission Agenda

Page 58 of the January 28, 2016 Miami City Commission Planning & Zoning Meeting Agenda Includes the Controversial Proposed Miami 21 Zoning Changes.  It was being reported that in November Miami commissioners deferred a vote until late January that would modify the Miami 21 zoning code. The…

AK-47 Rifle Manufacturer Moving Factory To Pompano Beach

The company started making the guns in Pennsylvania last year, but is shifting manufacturing to Florida.

$1 Million+ Sale of Gas Station, Mobile Home Park Secured

Eugene Font, Timothy Merriman and Edward Schmidt, CCIM represented the Seller in the transaction.

Solero at Plantation Sold for $122M

Invesco Advisors, Inc. sold the 481-unit Solero at Plantation apartments at 13500 NW 3rd St. in Plantation, FL for $122.7 million, or about $255,000 per unit, to a joint venture between Grand Peaks Properties and AEW Capital Management.  The 54-building, 539,783-square-foot multifamily community…

DFASS Renews 194,000-SF Lease in Miami

DFASS Group, the world’s leading in-flight, duty-free retailer, signed a renewal for 193,558 square feet in the industrial facility located at 555 NE 185th St. in Miami, FL.  The two-story building totaling 232,500 square feet was constructed in 2007 in the North Miami Industrial submarket….

The troubled road to redeveloping Miami’s Liberty Square

Since a Miami-Dade County selection committee ranked its $287-million proposal first among six firms last October, Atlantic Pacific Communities appeared to have the inside track at redeveloping Liberty Square – Miami-Dade’s oldest public-housing…

Jean Nouvel’s Glassy Miami Tower Will Have Private Lagoon

Welcome back to Property Lines, a column by veteran real estate reporter Alexei Barrionuevo. Each week, Barrionuevo will report on housing trends, real estate deals, and major business moves right here on Curbed.  A 14-story Jean Nouvel tower proposed for the West Avenue neighborhood of Miami Beach…

Seminole Hard Rock Plans to Add Guitar-Shaped Hotel Amid $1.8B Expansion

The Seminole Tribe of Florida announced plans for expansion today at their Hard Rock Hotel and Casino in Hollywood, which include a guitar-shaped hotel of 800 rooms, per the Sun Sentinel.  The $1.8-billion expansion is contingent on the state legislature’s…

New Renderings, Details Emerge About Auberge Miami

Auberge Residences will launch sales within a couple weeks, reports the Next Miami. Related Group’s 60-story luxury condominium at 1400 Biscayne Boulevard in Downtown Miami will have 328 units, be designed by Arquitectonica with interiors by Pierro Lisson…

Florida Dominates Ranking of America’s Most Investable Housing Markets in 2016

Forbes ranked the 20 best markets to invest in housing in 2016 and Florida made its presence felt with seven cities gaining recognition. Orlando paved the way at No. 2.  The criteria for the ranking:  Local Market Monitor screened the 100 largest Metropolitan Statistical.

Video: Stephen Ross isn’t worried about federal government’s new LLC disclosure law

From the New York website: Related Companies’ Stephen Ross says he isn’t concerned about the Treasury Department’s newfound interest in secret buyers of luxury real estate in New York City.  “I don’t think that’s really an issue,” he told Bloomberg in a video…

Buyer revealed: Aldo Group scores 635-639 Lincoln Road

Aldo Group, the Montreal-based shoe store company, is the buyer of 635-639 Lincoln Road purchased on Friday, according to a deed recorded in Miami-Dade County.  The retail building traded for $35 million, amid escalating demand for properties along the pedestrian…

Cabo Flats opens Dolphin Mall location, plans rapid expansion

Cabo Flats Cantina & Tequila Bar has opened its latest location at the Dolphin Mall in Sweetwater, and its ownership is planning a rapid expansion throughout Florida.  The Mexican-style eatery held a grand opening…

Miami Dade College downtown proposals set to be evaluated

Miami Dade College will hire a technical consultant and the four groups vying to develop its prime downtown site will answer questions, then make presentations in mid-March before they…

Top real estate lawyers offer advice on moving shady money into US: report

From the New York website: Several top New York real estate lawyers – about a dozen in all – were caught on video providing advice to undercover investigators who posed as representatives of shady foreign officials seeking to move money into the United States…