Jan 17, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News | 01/16/2015

ph08Historic Lincoln Road building to be recreated

Historic Lincoln Road renderings
The rather glum-looking storefront of artist Romero Britto, which has graced Lincoln Road for years, is getting a facelift in reverse to look a lot like the facade it had back in 1935.
The original design by Miami architect Russell Pancoast consisting of shiny black …

N.Y. Rubin Museum of Art founders buy $9.6M Continuum unit

Continuum South and Shelley Frost Rubin
The mysterious couple who recently bought a Continuum Miami Beach unit for $9.6 million is Shelley Frost Rubin and Donald Rubin, art collectors and founders of the Rubin Museum of Art in New York City.
Shelley Rubin bought unit 2904 in the Continuum South on D…

Lennar nets $81M more in fourth-quarter earnings

Lennar Corp. development
Miami-based homebuilder Lennar Corp. reportedly increased its fourth-quarter earnings by about 50 percent.
Lennar, the biggest U.S. homebuilder by market value, sold more homes at higher prices, bringing in about $245 million in the fourth quarter from $164 million a year ea…

Palm Beach affordable housing project files Chapter 11

School at 675 Auburn Avenue
The developer of a Delray Beach affordable housing project filed Chapter 11 last week.
Developer Auburn Trace’s largest creditor is Iberiabank, which filed a foreclosure lawsuit in October with a claim of $4.2 million — targeting the 157 affordable h…

Miami Beach to analyze MacArthur traffic for Flagstone project

A rendering of the hotel, retail and mega-yacht marina project proposed by Flagstone Island Gardens
Miami Beach residents spoke out against the controversial Flagstone Island Gardens project — a mix of luxury hotel, upscale shops and a yacht marina on Watson Island — at a …

Where CMBS Fits Into Retail Lending

MIAMI–Aztec Group’s Jason Shapiro tells GlobeSt.com’s Jennifer LeClaire what options retail property owners face as billions in CMBS-backed debt comes due in the years ahead in part two of this EXCLUSIVE interview….

You Just Have to See Kluger Kaplan’s Art Collection, It’s a Feast For the Eyes

Miami law firm Kluger Kaplan plans tours of the renowned Latin American artwork that now adorns its new space at the Miami Center in Downtown.     …