Mar 31, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News March 31, 2015

Downtown Miami Skyline Showing Many Commercial Office and Multi-Family BuildingsWhy Miami’s CBD Office Market Delivers

Steady and growing positive net absorption has fueled a rapid recovery of the office market in the last three years. JLL’s Donald Cartwright tells GlobeSt.com’s Jennifer LeClaire what’s attracting tenants…

An Idea To Mitigate Rising Seas In Miami Beach: Lift The Entire City

One way Miami Beach might prepare for the threat of rising sea levels is to elevate the whole city.  “The only tried and true solution to combating rising sea levels is to raise with it,” says Eric Carpenter, public works director for the City of Miami Beach.

Coral Gables: Proposed Development Mediterranean Village and the Mayoral Election

Voters Beware! … in Coral Gables where a 1.2 million square foot “Mediterranean Village” is being proposed that makes the Village of Merrick Park look like a single-family residence. The proposers are the well financed, or better said, the self-financed Agave LLC, an affiliate of…

On the seaman’s market: Boca Chica Key’s Old Submarine Pits Want $21.2 Million

122 acres of the Florida Keys that was a Naval Air Station during the Cuban Missile Crisis, with a vast set of submarine pits, has hit the market for $21.2 million. On Boca Chica Key, the property has more than its fair share of old war stories, “and has a very colorful and distinct history”, no…

Sleeping Around: ‘Resort Fees’ Are an Insufferable Epidemic for Miami Hotels

It’s not exactly news that typical hotel room guest rates in Miami and Miami Beach are sky high. So high, in fact, that the average rate is higher than anywhere else in the U.S., at $249/night, according to a report released by Bloomberg last year. Then there’s the resort fee.  Here’s the real…

Where You Get Your Retail Traffic Numbers Can Be More Important Than What They Say

Keeping an eye on national retail trends is made much easier with a subscription to the excellent RetailCustomerExperience.com, who graces us this morning with an eye-opening piece on the dangers of misinformation lurking in various retail traffic measurement…

Miami Ranks High in Real Estate’s ‘New Dawn’

Savills Research just named Miami among 12 cities that are manifesting the American Dream in the new dawn of real estate…

Developer could redevelop Biscayne Mobile Home Park after $14M purchase

Biscayne Park Acquisition Group, an affiliate of New York-based Madison Realty Capital, sold the 13.86-acre property for $14.25 million to Wealthy Delight, a Coral Gables-based company managed by Leo Wu. The deal covers the mobile home park at 8360 and 8500 Biscayne Blvd., and 8650 N.W. 87th Street, plus,,,

Mayor requests funds to buy back pine rocklands

Mayor of Miami-Dade county Carlos Giménez and Commissioner Dennis Moss asked Gov. Rick Scott for Amendment 1 funding to buy back property containing an endangered pine rockland habitat from RAM Realty Services (RAM). This move would put the land under county control.

Chetrit Preparing Miami River Project For Review By UDRB

Joseph and Meyer Chetrit’s plan to build the Miami River project continues to move through the approval process, and could be ready for review by Miami’s UDRB as soon as next month, according to a city source.

All Aboard Florida closer to getting $1.75 billion in tax exempt bonds

All Aboard Florida is closer to getting the money it needs to finish its Miami-to-Orlando passenger rail after Friday appointments made to a board charged with deciding whether it will receive $1.75 billion in tax exempt bonds.