Jun 09, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News June 9, 2015

Keyes Commercial Realty, 2121 SW 3rd Avenue, Suite 300, Miami, FL 33129

Keyes Commercial Realty

Developer proposes 288 apartments in southern Miami-Dade

Alcazar Development Group filed an application with Miami-Dade County to build a 288-unit apartment complex in the Naranja Lakes area. The Miami-based developer would build the Alcazar Apartments on a 9.9-acre site on the north side of Southwest 284th Street just west of Southwest 152nd Street. It acquired the property…

Paramount Miami Worldcenter Demolition, Groundbreaking & Contracts

Some people are saying that Paramount Miami Worldcenter will break ground within the next few weeks and that is just not completely accurate. I have confirmation that the demolition of Mekka, a former nightclub that will be replaced by the billion dollar mega-project, is scheduled to start within the next few weeks. Groundbreaking…

Google Streetview of Miami’s Skyline Over Time

Anyone that has had the pleasure of driving across the bridge to Key Biscayne, or even better, to walk, bike, or run on it, has to have noticed what a great view one gets of Miami’s rapidly growing skyline. What one loses track of is how much it is changing over time. Check out these Google St…

Weaker foreign currencies put damper on downtown Miami condo market, report says

Condo sales prices and rental rates in downtown Miami are holding steady as opposed to taking off as weaker foreign currencies have diminished demand, according to Miami Downtown Development Authority’s second quarter market review by Integra Realty Resources.

As waterfront land dries up, developers rush to Miami River

The Miami River — once a polluted, industrial backwater known as a favored route for smugglers — is today teeming with developers who want to build on what is practically the city’s last remaining waterfront land. “It’s the new waterfront for Miami,” said Nelson Stabile, a principal at the developer Integra Investments, which invested…

Surf Club Four Seasons hotel and residences reaches highest point of construction

Developers celebrated the topping off of Surf Club Four Seasons this week. The luxury development in Miami-Dade County’s town of Surfside is branded and managed by the Four Seasons, and is expected to open Spring 2016.

Fort Lauderdale Uptown Office Building Finds New Owner

The asset sold for $500,000 more than the offering price.

Construction Watch: Marea Miami Beach, one of…

Marea Miami Beach, one of the Related Group’s two mid-rise residential buildings finally filling the heart of South-of-Fifth’s old asphalt desert, is looking extremely close to completion. Other Related projects about to sound the bugle to its residents are Icon Bay, Baltus House, and Hyde Hollywood…

Warren Henry Auto Group to relocate headquarters to SoLe Mia development

Warren Henry Auto Group will relocate its headquarters to the $4 billion SoLe Mia development in North Miami, which broke ground last week. The Miami-based automotive retailer said Monday it will also open a 100,000-square-foot dealership featuring Land Rover, Infiniti and Jaguar in the development formerly known…

Wynwood property with an artsy past lists for $11M

A Wynwood property that was the site of the Aqua Art Miami show during Art Basel Miami Beach last decade has been listed for $11 million, The Real Deal has learned. The 22,709-square-foot property, at 42 and 50 Northeast 25th Street, is…

Florida East Coast sells Sunrise Corporate Plaza for $19M

Fort Lauderdale-based Stiles acquired an office plaza in Sunrise for $18.9 million, according to Broward County records. An affiliate of Florida East Coast Industries, the overarching company behind All Aboard Florida…

An amenity to appeal to buyers’ artistic sides

South Florida’s luxury condominium developers have been rolling out a host of hot amenities, from soccer fields and Hammam spas to cigar rooms and private theaters. Now comes the latest feature geared to appeal to buyers…

Take an early look at the new Miracle Mile

The New York-based design firm brought on to revitalize Coral Gables’ Miracle Mile has released new renderings of what the four-block stretch will look like when completed. Cooper, Robertson & Partners…

3 Absolute Myths About EB-5

GlobeSt.com’s Jennifer LeClaire caught up with Arnstein & Lehr partner Ronald R. Fieldstone, to wade through the myths and truths about the EB-5 program in part three of this interview…

Recovering CRE market keeping commercial lenders busy

A strong commercial real estate market means busy times for commercial lenders. Developers, investors and owners are all seeking financing today, whether they want to acquire a building, refinance existing debt or nab a construction loan for a new multifamily tower or industrial building. Midwest Real Estate News spoke to Ned Huffman…