Jan 12, 2015 - 0 Comments - Top Stories -

Miami Comm’l Real Estate News | 01/12/2015

ph09Franklin Street closes two bulk condo sales for $12.6M

Windward Lakes Condominiums in Pompano Beach
Franklin Street, a commercial real estate firm with several offices in Florida, including one in Miami, said Monday that it has completed two separate bulk condominium transactions in South Florida involving a total of 178 units for $12.6 million.
Frankli…

Downtown Miami site sells for $8M to Aria Development Group affiliate

501 Northeast First Avenue in downtown Miami
A company affiliated with Aria Development Group bought a building and adjoining parking lots in downtown Miami for $8.25 million last week.
Virginia Cole Investment Corporation sold four parcels near Miami-Dade College’s Wolfson campus to Aria 501 …

Bayside owner hires architecture firm to renovate and expand

Bayside Marketplace
The owner of Bayside hired a Miami-based architecture firm to reportedly “reimagine” the downtown Miami marketplace.
General Growth Properties hired Zyscovich Architects to renovate outdoor common areas and waterfront plazas, expand the two-level parking garage and ad…

Palm Beach makes significant jump in best cities ranking

Palm Beach County aerial view
Palm Beach County moved up to 70 from 164 in the best improved metro areas, according to a recent report.
The 2014 Milken Institute’s annual Best-Performing Cities report considers housing, job growth and wage growth.
The top Florida metro areas were Orl…

FAA suggests shorter high-rises downtown and Brickell

Rendering of Florida East Coast Realty’s One Bayfront Plaza as part of downtown Miami’s skyline
The Federal Aviation Administration wants to limit the height of big projects in downtown Miami and the Brickell area.
Swire Properties, Florida East Coast Realty, MDM Development and Melo Gro…

Distressed Miami office buildings sold to N.Y. investor

Airport Executive Tower 1 at 1150 Northwest 72 Avenue in Miami
Two office buildings near Miami International Airport were sold to a New York-based investor.
Torchlight Debt Opportunity Fund bought the distressed office buildings at 7270 Northwest 12th Street and 1150 Northwest 72nd Avenue.
The prope…