Moishe Mana buys downtown Miami office penthouse
Investor Moishe Mana paid $1.7 million for the penthouse office condo at a Wells Fargo building in downtown Miami. Mana bought the two-story penthouse at 100 East Flagler Street, a 7,609-square-foot condo with 10 offices on the top floor, three on the second…
Madison Capital buys retail space at South Beach’s Boulan condo-hotel for $57M
In yet another big-ticket commercial property trade on Collins Avenue this year, Madison Capital just bought the retail component of South Beach’s Boulan building from BEB Real Estate for $57.3 million. Madison acquired…
13th Floor, Wexford and Avra Jain sell building near Design District for $13M
Updated, 10:45 a.m., Oct. 21: 13th Floor Investments, Wexford Capital and Avra Jain sold the Clima Outdoor building located at 3650 North Miami Avenue near the Miami Design District for $13.4 million to a New York firm. Records show 3650 Design Plaza LP sold…
Architect Shohei Shigematsu reveals his vision for Miami
From the fall issue: Behind every starchitect is a team of talented architects striving to realize a unique vision. Shohei Shigematsu — a partner in the design firm OMA, led by world-renowned Dutch architect Rem Koolhaas — has a flair for the unexpected.
Is the Next Silicon Valley Somewhere in Florida?
Tech is one of the fastest growing industries in the U.S. Its impact has spilled over into almost every sector, including commercial real estate. As JLL’s latest tech report, the 2016 Tech Outlook, points out: technology remains the leading industry…
5 Trends Changing Florida’s Retail Market
Just days after the International Council of Shopping Centers held its annual Florida conference in Orlando, we caught up with JLL’s retail brokerage team to share some of the latest trends the Florida market is experiencing. JLL’s 2016 Florida Retail Report takes a deeper dive at the fa…
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 names…
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 built…
A New Waterfront Luxury Condominium Will Rise in Brickell
Great news for those who were waiting for a new luxury tower with unobstructed water views in Brickell… A condominium building of 11 floors will be demolished to make way for a 48-story residential tower. Miami Waterfront Ventures LLC, a division of OKO Group, paid just under $48 million for…
Vacant Hialeah Industrial Warehouse Gets Purchased And Leased On Same Day
Sharpe Properties is please to announce the purchase of a 3,600 square foot street-level industrial warehouse property by SP33 Warehouse, LLC (SP33 Warehouse). With the help of Sharpe Properties, the new owner of the vacant warehouse was also able to have it fully leased out to a tenant on the…
Miami Beach’s Famous Lincoln Theatre Site to be Sold
Alas, conforming to the principle of highest and best use of prime real estate – The site of the old Lincoln Road Theatre on Miami Beach’s pedestrian Lincoln Road Mall will be converted to commercial retail use in 2011. A local group of experienced Miami Beach real estate investors…
The State of Miami Beach Commercial Real Estate Market and Latest Jobs Data
The employment report released by the U.S. Department of Labor showed that job losses are slowing down. Only 11,000 jobs were lost in November 2009, 115,000 less than forecast. In contrast, 597,000 jobs were lost in November 2008, and 700,000 at the beginning of the year. In the prior three months…
Miami Beach’s New Retail Center Almost Complete
South Miami Beach’s first large scale and brand new multistory retail center is close to completing contruction as of late June, 2009. The 5th and Alton retail center is located just off the Mac Arthur Causeway, which will include 185,000 sq. ft. of vertical retail space and a 943 car…
Aftermath of a Building Sale
Have you ever been a tenant in an office building that was sold? The aftermath of the sale is a tenuous time. Oftentimes a new property management and leasing team are brought on board, so there is a ramp up time as they get a handle on the building, the accounting and the tenants. This new team has…
Sizing Up a Tenant Rep Broker
Most people don’t realize that a commercial broker specializing in office leasing is a highly specialized expert in a unique niche of commercial real estate. Residential realtors and even many commercial brokers rarely have any expertise in commercial leases. While I would not recommend using…
50 Shades of Gray
The headline caught your eye didn’t it? Actually I’m not talking about the book (or movie) but today’s current design trends – gray, white and lots of it. South Florida Business Journal has a slideshow of the 2016 Coolest Offices in South Florida. As I scrolled through some…
Is Your Office a Pain in Your Neck?
At a recent Toastmaster meeting, my dear friend, Paula Hesch, office interior designer extraordinaire, gave a speech on “Office Ergonomics”, the applied science of people’s efficiency in their working environment. Paula had some great information on how to make your work space more…
Construction Allowance or Turn-Key?
Oftentimes when I am negotiating a lease transaction, the question of tenant improvements (i.e. construction) is a primary focus. Some landlords will only provide an allowance, which caps the amount of money they will spend. Others will agree to a turn-key space once they are comfortable with the co…
Epic Miami Beach Rooftop for Sale
We are currently marketing Skydeck Miami, the hottest Miami Rooftop, for sale! Start by watching this short video. 605 Lincoln Road Rooftop – Miami Beach The most exclusive venue of South Beach is now for sale – we are talking both business and real estate. Located at the for…
All Aboard Florida To Spend $320 Million On CRE Developments
All Aboard Florida plans to spend $320 million on the development of largely commercial real estate as part of its total anticipated expenditure of $2.4 billion for its passenger train service. There will be offices, retail, entertainment venues and residential properties developed along the track. …
South Florida Isn’t In Latin America – But It’s The Best Place For Doing Business There
The business magazine America Economia ranked South Florida first for infrastructure, regional platform for global business, corporate executive safety, corporate executive prestige, green city standards and best in executive salary to cost of living ratio.
College Kills Downtown Miami Museum Project
Amid a declining real estate market and an escalating feud with a local art dealer, a massive downtown cultural center imploded Monday when college trustees chose to cancel the project.
Miami-Dade Considers Mandatory Workforce Housing Ordinance
A controversial proposal to make workforce housing mandatory in most sizable developments will be considered by a Committee of Miami-Dade County commissioners on Oct. 13.
Just In Time: As Hurricane Matthew Approached, An Overtown Supermarket Opened
What the community redevelopment agency called a “milestone,” the first Overtown supermarket in many years opened the morning weather alerts put Miami in Hurricane Matthew’s path.
Developer Planning 200,000 SF, 12-Story Office Building
Plans also include a 500-plus space parking garage on the site.