Developer seeks approval for North Miami Beach building
1975 Northeast 167th Street
A Miami developer is seeking approval for a mixed-use building in North Miami Beach.
Shefa Tal LLC will go before the city’s planning and zoning board Jan. 12 for a five-story building, according to published reports.
The Miami Gardens-based company led by Shay Shpo…
River Landing project preconstruction to begin in February
River Landing rendering and Andrew Hellinger
Preconstruction for the River Landing development on the Miami River will begin in February.
When completed, River Landing Shops and Residences will span 8.14 acres with 426,000 square feet of retail and restaurant space, 475 apartments and a riverfr…
Mortgage rates hit lowest mark in 20 months
Mortgage rates have seen a steep drop in the last few months, and in the past few days have declined a full eighth of a point. Rates are a quarter of a point lower than average rates in the second half of December.
What’s more, home loan costs are .375 percent lower than December’s…
Urban Compass hires former Corcoran exec to lead Miami expansion
Gene Martinez, Urban Compass, Miami and Washington, D.C.
Urban Compass is heading south this winter. Gene Martinez, formerly of the New York-based Corcoran Group, will lead the firm’s expansion into Miami, the technology-driven brokerage firm announced Wednesday.
Martinez is joi…
Public Storage buys West Palm property for $11M
5359 South State Road 7
A subsidiary of Public Storage bought a storage complex in South Florida for 11.4 million on Monday.
Wellington Self Storage sold the 4.6-acre property at 5359 South State Road 7 in West Palm Beach to PS Florida One Inc., according to Palm Beach county records.
The parcels, t…
Vacant lot in Plantation sells for $10.9M
8021 Peters Road in Plantation
A vacant lot in Plantation was sold for $10.9 million on Tuesday, more than double what it last sold for six months ago.
Crossroads Residential LLC sold the 174,729-square-foot lot to a company tied to Chicago-based AMLI, a private real estate development, management a…
All Aboard’s downtown Miami station to affect neighboring development
The All Aboard Miami site
Plans for MiamiCentral, downtown Miami’s All Aboard Florida train station, may affect development in the area.
Local experts predict that All Aboard’s plans for a passenger train between Miami and Orlando could prompt a rise in office, retail and residential pro…
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….
Will Rising Sea Levels Dampen Investor Appetite?
MIAMI–A new CBRE report explores how insurers, lenders, and investors are responding to the threat of sea level rise in South Florida, one of the country’s most vulnerable regions….
4th DCA Ejects Award to Gloria and Emilio Estefan’s Hotel Company
Gloria and Emilio Estefan’s company faces a new trial battling an insurance company after a hurricane damage hit their Vero Beach hotel. …
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 …
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?…
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…
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….