Feb 19, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News February 19, 2015

ph33These Office Condos Selling Fast in Miami

If you questioned the demand for office condos in South Florida, consider this sales at this building….

Ian Schrager looks to bring EDITION to Broward, Public to Miami

Hotelier Ian Schrager is looking to launch an EDITION in Broward County, and is scouting sites near the ocean to plant a Public Hotel in Miami.  Meanwhile, developer Richard LeFrak is forging ahead with Biscayne Landing in North Miami, which he calls…

Progression of Brickell City Centre in ten epic photos, Miami Worldcenter’s deal tightened…and more

The progression of Brickell City Centre in ten epic photos.  Miami Worldcenter’s deal tightened. Two big residential projects on Doral agenda.

All Aboard Florida to lose $110M annually: study

All Aboard Florida, the planned Miami to Orlando railway, will reportedly lose $110 million a year due to debt and operating costs, according to a study from an anti-rail group.  The railway would reportedly have to charge $273 for a one-way ticke…

Canvas developer pays Miami-Dade $4.8M, commits to project

NR Investments, developer of the upcoming Canvas condo tower in the Omni district, has committed to the project by writing Miami-Dade County a multi-million dollar check.  The developer reportedly paid the county a $4.8 million impact fee for the expected costs of givi…

SunTrust building buyer tied to major Brazilian construction company

The buyer of the SunTrust Bank building in Brickell is tied to a well known Brazilian construction company, corporate records show.  The building at 777 Brickell sold for $140 million on Feb. 12. Alliance Re Holdings purchas…

Commercial Real Estate 101: Considering the Cap Rate

Often misunderstood or not correctly used, the capitalization rate, commonly referred to as the cap rate, is a fundamental concept in commercial real estate investing. The cap rate is one of the first financial metrics an investor in a commercial property will consider. Within the commercial real estate industry, it is common…