Jan 22, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News | 01/21/2015

ph33Developer seeks approval for $70M Broward high-rise

Rendering of Riva Residences
A 100-unit mixed-use development went before the Fort Lauderdale planning and zoning board this week.
Premier Riva’s $70 million Riva Residences would be built on 15,000 square feet at 1180 North Federal Highway. The project would be a redevelopment of a vacan…

This 100-Acre Industrial Park Demands Attention

MIAMI–Dubbed the Florida Commerce Park, it’s is one of the largest non-residential land developments in recent South Florida history. Get all the details….

New Northside Miami Walmart Opens

MIAMI–The new Walmart at 3200 NW. 79th St in North Miami opened for business after a ribbon-cutting ceremony today…

Adler Group Expands Third-Party Brokerage

MIAMI–Adler Realty Services, a division of the Adler Group, has expanded its third-party brokerage team and looks to more than double its team by the end of this year….

Shocking Accusation: Activists Say Miami Allows Developers to Displace Poor

As the real estate boom makes Miami increasingly unaffordable, activism around affordable housing and gentrification is heating up.     …

Miami Merchandise Mart Heads To Auction With Over $8M In Taxes Owed

Advertised as low as $2,000 per unit, with sizes ranging from a few hundred square feet to 5,000 square feet, the 325 retail units are up for auction on Jan. 21 and 22. CLICK ON THE HEADLINE FOR MORE…

Real Estate Joint Venture Tips

A recent New York Times article described the increased presence of New York developers in the South Florida condominium market. The fact is that Miami real estate market has always been a seductive one for out of state developers, and the upside in the development opportunities in the South Fl…

Sun Life Stadium renovations in high gear, real estate broker sent to prison for fraud…and more

Sun Life Stadium renovations are in high gear
1. Sun Life Stadium renovations in high gear [Sun Sentinel]2. Real estate broker sent to prison for fraud [South Florida Business Journal]3. Baha Mar mega resort in Bahamas to open — finally — in March [Miami Herald]4. Fines piling up against…

Gooal! Next in amenities — a soccer field at Paramount Miami Worldcenter

Paramount Miami Worldcenter
How’s this for a different kind of luxury condominium amenity to appeal to Latin American buyers? An outdoor soccer field.
Daniel Kodsi, developer of Paramount Miami Worldcenter, unveiled plans to The Real Deal for his 60-story project, which will include a soccer f…

All Aboard Florida hires Fort Lauderdale contractor

Rendering of the All Aboard Florida station in West Palm Beach
Fort Lauderdale-based Moss & Associates is all aboard as the general contractor for two South Florida stations of the planned high-speed rail service.
Construction on the West Palm Beach and Fort Lauderdale stations is expected …

Palm Beach Shores condo complex 50 percent sold

Rendering of Ocean Eighteen
Ocean Eighteen, an 18-unit boutique condo development in Palm Beach Shores, is reportedly 50 percent sold.
The three-story project, developed by Prodesa U.S., will have oceanfront units of approximately 1,700 square feet priced between $769,000 and nearly $…

Q&A with Ezra Katz: Notable deals and what lies ahead

Ezra Katz
Ezra Katz has handled multi-million dollar transactions in South Florida, ranging from the Fontainebleau Hotel financing (twice) to portfolios of office buildings in Miami-Dade and Broward counties.
Katz, the founder and CEO of the Aztec Group and Mayan Properties, sat down with …

Investor to auction Miami Merchandise Mart units

Miami Merchandise Mart
Like the saying goes, get ‘em while they’re… saddled with liens?
Miami Merchandise Mart investor Robert Wohlfeld is auctioning off 325 retail units on Wednesday and Thursday. But future buyers might be paying much more than the advertised…

Metrorail bike path redevelopment plan in the works

Rendering of the Underline at the Metrorail University Station and Miami-Dade Mayor Carlos Gimenez, who has backed the proposed redevelopment.
The paved path that runs underneath the Metrorail, from Brickell to Dadeland, might finally be transformed into Miami-Dade’s equivalent of the Hig…

Developer plans Pembroke Pines townhome project

Villas at Antique Row in West Palm Beach and developer Harry Posin
A developer in Pembroke Pines has plans for a townhouse project that mirrors those in West Palm Beach.
Harry Posin, president of Label & Co. Developments Inc., is planning an 89-unit townhome development in eastern Pembroke Falls…

Marina Palms condo project taps Coastal Construction for second tower

Marina Palms Yacht Club & Residences
Marina Palms Yacht Club & Residences, which is nearing completion on its first condominium tower in North Miami Beach, said it is sticking with Coastal Construction to build its second tower. Groundbreaking is expected in mid-February.
Coastal Constructio…

Naples’ Most Dramatic Turnaround Story

MIAMI–13th Floor Investments principal Michael Nunziata tells GlobeSt.com’s Jennifer LeClaire how his firm repositioned this distressed asset for success….

Beware: Construction Costs Rising Rapidly

MIAMI–“We anticipate that today’s robust South Florida construction demand will intensify in private and public sectors throughout 2015,” Miller’s Brian Sudduth tells GlobeSt.com’s Jennifer LeClaire….

3 Land Use Legal Battles Worth Noting

MIAMI–Attorney Manny Farach points to the battle over waterfront rights and two other land-related legal battles that shaped the industry in 2014….

Bankruptcy Court Approves Canyon Ranch Sale

MIAMI– Will the new owner fare better than Lehman?…

Moss & Associates to Build 2 All Aboard South Florida Stations

The general contractor will supervise construction of All Aboard Florida stations in Fort Lauderdale and West Palm Beach.     …