Jan 23, 2015 - 0 Comments - Top Stories -

Miami Commercial RE News | January 23, 2015

4Howard Tullman Of 1871 Talks Office Space, Workforce Mobility

At RE/Journal CRE Forecast Conference this week at Chicago’s Hyatt Regency, the proceedings kicked off with a one-on-one with Howard Tullman, CEO of 1871, the non-profit startup hub located in Chicago’s Merchandise Mart.
1871′s reputation as a hotbed of technology startu…

2015 Economic Outlook. Blue Skies Ahead.

Renowned economist Hugh F. Kelly (PhD, CRE), Clinical Professor in New York University’s Schack Institute of Real Estate and the 2014 national Chairman of The Counselors of Real Estate, led a discussion at a CREW-Miami luncheon regarding issues affecting the commercial real estate market in 20…

Paramount Miami Worldcenter: new soccer field rendering

Paramount Miami Worldcenter’s soccer field rendering
Heading toward its goal of creating a soccer field on Paramount Miami Worldcenter’s ninth floor, the project’s developer just released the first rendering of the amenity, complete with players and spectators.
Daniel Kodsi, develo…

Movers & Shakers

Metro 1 promoted Stacey Glassman Mizener as the company’s first community executive director. Mizener is now responsible for all fundraising and programming for the company’s community outreach br…

South Florida by the numbers: 2015 look ahead edition

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.
The past is prologue, and Miami’s future is so bright, we gotta wear shades. (Especially in this “hot even by Florida standards” winter!) As we …

City of Miami trying to annex 1,600 acres

Miami River
This week, the city of Miami began a lengthy process of trying to annex about 1,600 acres near the Miami River and Miami International Airport — including valuable neighborhoods that are home to about 100 international corporations such as Burger King and Toyota.
The areas aff…

Akoya condo site in Boca Raton sells for $13.5M

Akoya rendering and Siemens CEO Richard Siemens
A Boca Raton developer paid $13.5 million for the site of the Akoya condo project.
An affiliate of the Boca West Country Club sold the 6.8-acre site to a Siemens Group affiliate, the South Florida Business Journal reported.
Akoya, expected to break gro…

Wynwood ranked SoFla’s hottest neighborhood

Wynwood and Redfin chief economist Nela Richardson
Wynwood is the hottest South Florida neighborhood in 2015, according to a Redfin ranking released Thursday.
Coral Terrace, South Golden Glades, Buena Vista and Golden Pines followed. The median sales price in the Wynwood Art District was $373,0…

Massive Edgewater Development Site Sells

MIAMI–This deal marks one of the largest non-waterfront land transactions in the Edgewater area….

Plenty of Capital Options for Wynwood Developers

MIAMI–Just after a Wynwood asset sold at near record price, construction is soon getting underway at 250 Wynwood….

Datura Place Purchased for $6.5 Million

Read on…

Iconic Miami Tower’s Broken Elevators Anger Tenants and Law Firms

Tenants at the iconic 47-floor landmark are irate about broken city-owned elevators serving the office building’s garage. Twenty-minute waits have become commonplace.     …

Panorama Tower to boast views as far as Bimini

Panorama Tower to have views of the Bahamas
The 83-story Panorama Tower in Brickell will feature expansive views from the top floor – reportedly all the way to Bimini.
The $800 million building – the tallest on the East Coast outside New York – is to rise to 830 feet aft…

New York’s Quality Meats opening in South Beach in February

A rendering of Quality Meats in Miami Beach and the restaurant in New York
New York restaurant Quality Meats is launching its first eatery in Miami Beach in the former Bancroft Hotel, now under renovation.
The restaurant, which will open in late February, will represent the second location for Quali…

Miami Beach Art Deco hotel to reopen as The Hall

Guest room at The Hall
A landmark Art Deco hotel in Miami Beach will reopen this summer as The Hall.
Formerly the Haddon Hall hotel, the Commune Hotels & Resorts property and adjacent apartment building will become a 126-room hotel, according to a news release.
The building was designed by famed…

Vanguard Logistics to relocate to Flagler Station

Aerial of Flagler Station
Vanguard Logistics Services has leased 135,000 square feet at Flagler Station in Miami.
Vanguard, a supplier of warehousing, inland distribution and cross-dock services, had been looking for a single site to incorporate all of its operations, which had been housed in two bu…

County recommends turning lot on Miami River into greenspace

Rendering of River Landing’s retail space
Miami-Dade commissioners have reportedly recommended handing over a county parking lot on the Miami River to the River Landing Conservation Foundation so that it can be developed into a public green space.
The foundation, affiliated with…

CREW-Miami Recognizes Local Leaders

MIAMI–The Commercial Real Estate Women recently handed out its top awards, including the Deal of the Year honor which was shared by the $49-million sale of The Atrium office property in Coral Gables and the $18.2-million sale of Distribution Center at NW 33rd Street and NW 91st Avenue in Doral….