Jan 07, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News | 01/07/2015

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Do You Agree With These Affordable Housing Predictions?

MIAMI–GlobeSt.com caught up with Matthew Rieger, CEO of statewide developer Housing Trust Group (HTG), to get his predictions about theaffordable housing industry in the months ahead. Do you agree with his takeaways?…

Broward County Court Judge Gisele Pollack Resigns

The state Judicial Qualifications Commission recommended the removal of Pollack, who was caught on the bench intoxicated twice.     …

Stearns Weaver Miller Expands Miami Office To 110,000 Square Feet

Miami’s legal sector is thriving as new investment pours into the market, putting law firms in position to grow their practices while making smart, forward-looking improvements to their offices. CLICK ON THE HEADLINE FOR MORE…

Hillsboro Mile mansion sells for $16.7M, Viceroy Miami completes rooftop renovation…and more

Viceroy Miami’s nightclub
1. Mansion along Hillsboro Mile sells for $16.7 million [Sun-Sentinel]2. Viceroy Miami hotel completes $100,000 renovation of rooftop nightclub [South Florida Business Journal]3. Buyers want new condos not existing ones, so what are developers doing about it…

Coconut Grove’s Engle Building draws prestigious tenants

The Engle Building in Coconut Grove.
As part of the redevelopment of Coconut Grove, the newly renovated Engle Building has lined up a roster of well-known local tenants, with more leases in the works.
Among the signed businesses: Büro Group, Harry’s Pizzeria, Panther Coffee and Clyde…

Investor appetite remains strong despite impact of sea level rise, report says

Flooding on Miami Beach in 2013
Flood-related losses will grow, but commercial real estate investor appetite remains strong in areas like Miami Beach, according to a CBRE report released Tuesday.
The report, titled “Rising Tides, Increasing Risk: How the Insurance Industry’s Respons…

New 17-story condo tower approved for Hollywood Beach

6085 Ocean Condominium rendering and Peter Zalewski
A Miami-Dade county developer has obtained planning board approval to build a new 17-story luxury condo tower on a vacant site at the northern entryway to Hollywood Beach in Broward County.
The new project – dubbed the 6085 Ocean Condomi…

Related’s Paraiso Bay gets $93M construction loan

Related’s Paraiso Bay gets $93M construction loan
SunTrust Bank gave a $92.62 million construction loan to the Paraiso Bay condo tower in Edgewater being developed by the Related Group.
The loan was obtained by PRH NE 31st Street LLC, an affiliate of Related, according to a published repo…

Warehouse in Palm Beach County sells for $16M

700 103rd Avenue North and Exeter Property Group principal Ralph Kittrell
As further evidence that Palm Beach County’s commercial real estate market is heating up, the Millwork Sales warehouse in Royal Palm Beach has sold for $16.15 million.
The buyer was Exeter Property Group o…

Construction begins on 3450 Biscayne project

Rendering of 3450 Biscayne Boulevard and Mayan Properties principal Boaz Ashbel
Construction began recently on a Biscayne Boulevard Hampton Inn & Suites near Midtown Miami.
Miami-based Mayan Properties, 3H Group Hotels and Arti Hersi Inc. are partnering on the 151-room hotel, which is located at…

Broward business park proposed near Sawgrass Expressway

3700 Northwest 126th Avenue, Coral Springs
Coral Springs’ Biggie family is making big moves.
Biggie Investments Sawgrass Place reportedly applied with the city to build a business park on land the family has owned since the 1970s near the Sawgrass Expressway.
The property has been held in the …

Two Offbeat Predictions for South Florida CRE in ’15

MIAMI–CBRE’s Ken Krasnow tells GlobeSt.com’s Jennifer LeClaire two more trends he expects to see hit big in South Florida this year in part two of this EXCLUSIVE interview….

Commercial Real Estate News Roundup for January 7, 2015

When malls die, when NIMBYs endorse commercial development, when law firms get rid of law books, and when Dixieland gets its industrial groove back: it’s all here in the Commercial Real Estate News Roundup for January 7, 2015.
General
A Minneapolis start-up threatens to upend commercial real …