May 28, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News May 28, 2015

Miami's Brickell Area at NightVerzasca Group to Develop 19-Story Luxury Tower in North Miami Beach

Verzasca Group will break ground next month on a proposed 19-story, 121,600-square-foot luxury residential tower at 17550 Collins Ave. in North Miami Beach, FL.  No stranger to the South Florida development scene, the buyer has two other projects in development in Bay Harbor Islands, including the…

Melo Group completes construction of condo tower in Miami’s Edgewater

Melo Group finished construction of its 38-story Bay House condo tower in Miami’s Edgewater neighborhood and will begin closing units soon.  The Miami-based developer, which is owned by the Melo family from Argentina, said the 165-unit Bay House is 99 percent sold and only two penthouse units – starting at $2 million…

Candlewood Suites project proposed in Miami

Tamiami Plaza Center Inc. has proposed a new Candlewood Suites hotel in Miami.  The application, filed last week with the Miami-Dade County Department of Regulatory and Economic Resources’ Development Services Division, shows a five-story, 103-room hotel that would be built on a 1.82-acre parcel of land at the southwest…

Miami Design District property triples in three years

A property at the edge of the Miami Design District — whose tenants include Michael Schwartz’s Cypress Room — has traded hands at triple its 2012 price, The Real Deal has learned. 3620 Design District LLC — a partnership between Lyle Chariff, Mauricio Zapata and Shawn Chemtov — sold the 5,186-square-foot building…

Stiles Realty Brokers $4.8 Million Sale Of Former Harley Davidson

Broker Associate Kimberly Barbar has been retained by the new owner to lease the property.

Marine Services Company Buys Broward Office Building For $9 Million

Berger Commercial Realty has been retained to lease and manage the building.

Bay House, Melo’s Fanciest Edgewater Building Yet, is Done

Bay House, the Melo Group’s 165 unit, 38 story condo tower in Edgewater and the first building as far as we know that attempted to elevate the developer’s work above mass market monotony in white stucco to somewhat more upscale digs has just received its temporary…

Boom or Bust? Southeast Seeing Some of Both

Atlanta is one of the fastest-growing cities in the Southeast—and the nation. But all Southeast cities aren’t as fortunate. Find how which cities are booming and which are busting in part two of this interview….

These Retail Transactions ‘Increasingly Rare’ in Florida

Grocery-anchored shopping centers are in high demand across Florida, with the demand outstripping the supply. This portfolio sale closed against that backdrop…

After SoBe Launch, Crema Caffeinates Coral Gables

“Coral Gables is the gold standard for urban, walkable, 24-hour neighborhoods in Miami-Dade County.”

What’s Really Driving Miami Retail?

In Miami, there is at least 4 million square feet of retail space in the permitting stages and under construction. What does that say about the Miami’s retail sector?

This Firm Is Pressing Hard Into Industrial

With a limited number of industrial listings in South Florida, the landscape is more competitive than ever. This firm’s Miami office is stepping its game up to meet the intensifying demand…

Miami Retail Investors Can Expect These Terms

“High quality, income-generating properties backed by stable owners are ripe for favorable financing terms in today’s real estate market.”

Amendment 1 Supporters Plan Rallies for Land Buying

Environmentalists plan to hold rallies across Florida this weekend, again calling on lawmakers to boost the amount of money for land acquisition, Everglades restoration and natural-springs protection.

Florida Supreme Court Ruling on Attorneys is Bad News for Condo Associations

Condo association boards hoping to cut legal fees by performing some everyday tasks in-house will need to reconsider after the Florida Supreme Court reaffirmed an earlier opinion that these duties constitute practicing law without a license.  Still reeling from the last housing crash that left some filing for bankruptcy to remain….

FEMA head visits Miami Beach to see how city is dealing with rising seas

As President Obama arrived in the Miami area on Wednesday afternoon, White House officials visited Miami Beach to talk sea-level rise and what the city is doing to prepare.  W. Craig Fugate, head of the Federal Emergency Management Agency (FEMA), and Senior Advisor to the President Brian Deese toured…

Del Junco Joins Cushman & Wakefield

Karina Del Junco has joined the Miami office of Cushman & Wakefield as a property manager with the firm’s investor services group. In her new role, Del Junco will be responsible for a portfolio of 1 million square feet of class A office, retail, and industrial properties within the Miami/Dade…