Feb 09, 2015 - 0 Comments - Top Stories -

Miami Commercial Property News | 02/5/2015

Z02Arquitectonica chosen to restore Coconut Grove Playhouse

Coconut Grove Playhouse
Miami-Dade County has chosen Arquitectonica to lead efforts for reopening the historic Coconut Grove Playhouse.
The Miami-based company won a bidding process between nine firms and will make a recommendation to the county on how to proceed with the playhouse, according to a p…

Swire hires new SVP to head Brickell City Centre

Brickell City Centre and Gonzalo Cortabarria of Swire Properties
Swire Properties has hired a new senior vice president to handle its Brickell City Centre project.
Gonzalo Cortabarria, formerly the managing director of Houston-based Hines Interests, will take on responsibility for the $1.05-bil…

Staples, Office Depot Reach $6.3B Merger Deal

FRAMINGHAM, MA–With pro forma annual sales of $39 billion, the combined company will maintain its headquarters in Framingham, Staples said in an investor presentation Wednesday….

Cortabarría to Oversee Brickell City Centre Leasing

MIAMI–Locally-based Swire Properties Inc. reports it has appointed Gonzalo Cortabarría senior vice president. The former Hines Interest executive will oversee leasing and operations for the $1.05-billion Brickell City Centre mixed-use development….

Traci Miller Takes Helm at NAIOP South Florida

FORT LAUDERDALE, FL–Miller Construction Co.’s Traci Miller has taken the mantle of leadership of the South Florida chapter of NAIOP….

Deal Flow Strong in Trendy Wynwood

MIAMI–“Achieving one of the highest recorded prices of land for a parcel this large in Wynwood is a major accomplishment.”…

Two Newly-Constructed Hotels Hit Market

MIAMI–“This exceptional portfolio is ideally situated in one of Miami’s fastest growing submarkets, surrounded by a diverse pool of demand generators.”…

February 2015 Florida Real Estate Case Law Updates

By: Daniel T. Pascale, Esq.
TIL Rescission
Jesinoski v. Countrywide Home Loans, Inc.,135 S.Ct. 790 (2015)
Exactly three years after borrowing money to refinance their home mortgage, the Jesinoskis sent the lender a letter…

NAI Miami Represents Capital Bank In Sale Of Miami Springs Retail/Office Building

The property at 75 North Poinciana Boulevard sold for within 60 days listing. CLICK ON THE HEADLINE FOR MORE…

Commission wants David Beckham to temporarily house MLS team at FIU, Lennar sells Delray Beach apartment development site to ZOM…and more

David Beckham and a rendering of a proposed soccer stadium that was rejected.
1. Commission wants David Beckham to temporarily house MLS team at FIU [Miami Herald]2. Lennar sells Delray Beach apartment development site to ZOM [South Florida Business Journal]3. Char taking Ytech to next level [GlobeS…

Fairchild Partners arranges $7.5M sale on Collins Avenue

1350 Collins Avenue courtyard and Jonathan Lay of Fairchild Partners
The Orchid House, a luxury compound in Miami Beach, was purchased by an undisclosed Italian group.
Jonathan Lay of South Florida-based Fairchild Partners represented the buyers for the $7.5 million deal, announced on Tues…

Developer Henry Torres lists his Coral Gables home for $14M

9405 Old Cutler Lane
Developer Henry Torres has listed his Journey’s End home in Coral Gables for $13.95 million.
Torres is CEO of the Astor Companies, which is currently developing InTown in the Little Havana area of Miami, Merrick Manor in Coral Gables and Nordica in the Roads area of M…

Fort Lauderdale Four Seasons Hotel and Residences announced

Nadim Ashi and Four Seasons Hotel & Private Residences, Fort Lauderdale
A Four Seasons hotel and condo project was announced for Fort Lauderdale.
Fort Partners announced plans Tuesday to build the new Four Seasons Hotel and Private Residences.
Construction of the condo-hotel …

Polo Club Shoppes in Boca sells for $51M

Polo Club Shoppes and its anchoring tenants
A Boca Raton shopping center sold for $50.65 million on Jan.30.
A company affiliated with Jamestown, a real estate investment and management company based in Atlanta, Georgia, bought the 128,000-square-foot shopping center and acquired a nearly $30 million…

L’Atelier Residences in Miami Beach launches sales

A rendering of L’Atelier Miami Beach
L’Atelier Residences, a 20-unit ultra-luxury condo development planned for Collins Avenue and 69th Street in Miami Beach, has officially launched sales.
The 18-story, all-glass tower is offering half-floor units beginning at $3.9 million and…

Eighth new condo tower proposed for North Bay Village

Peter Zalewski
Developers are ramping up plans to build a series of new condo towers in the 7,400-person island community of North Bay Village located between Miami Beach and the Miami mainland in Biscayne Bay.
An eighth new condo project — the proposed Bahia Tower — has b…

Terreno Realty buys industrial property near Miami International Airport

10100 Northwest 25th Street in Miami
Terreno Realty purchased an industrial property in Miami’s Airport West market, according to Cushman & Wakefield, which brokered the sale.
ProCom Properties sold the 107,000-square-foot-warehouse, located at 10100 NW 25th Street. CGI Windows & Doors…

Foundation poured for first tower at Paraiso Bay

A rendering of Paraiso Bay towers
Nearly a month after receiving a $93 million construction loan for its 53-story tower at Paraiso Bay, Related Group poured the foundation for the tower, the first of four in the complex.
The first tower will have 325 units out of the complex’s planned 1,300 un…