Feb 09, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News | 02/7/2015

Z01Miami River spilling over with new development

Renderings of River Landing project
Edge, Sushi Samba, River Oyster Bar and Fox Hole Marketplace and Deli —  are just some of the planned new eateries banking on the Miami River.
New restaurants, retail and increased public access along the Miami River were among the highlights of a devel…

Lawsuit sends Miami Worldcenter back to city commission

A rendering of Miami Worldcenter
For the second time, the Miami City Commission will vote on incentives for the Miami Worldcenter development.
A lawsuit was filed against Miami Worldcenter by one of its tenants after the commission approved the agreement in September. Grand Central Lounge …

N.Y.-based HFZ Capital plans major revamp of the Shore Club

Rendering of the Shore Club and Ziel Feldman
The Shore Club in South Beach is about to undergo a major transformation, as New York-based HFZ Capital Group plans to turn the storied, oceanfront property into a five-star hotel and condominium.
Ziel Feldman, founder and chairman of HFZ, told The Real D…

N.Y. architecture firm to design Coral Gables streetscape

Renderings of Giralda Avenue and Miracle Mile
The city of Coral Gables is moving forward with its nearly $20 million streetscape improvement plan.
New York-based Cooper, Robertson & Partners, an architecture and urban design firm, will design the project, a series of long-discussed streetscape i…

New luxury condo project planned for Hollywood Beach

Rendering of Oceanbleau
Maxwelle Real Estate Group unveiled plans Thursday for a new luxury condominium project on Hollywood Beach.
Oceanbleau, at 6085 North Ocean Drive, is scheduled for completion in December 2016. The tower will house 48 units, starting at $1.6 million. Floor plans range from 3,0…

Watson Island debate over development grows heated

Rendering of Watson Island and Stephen Herbits
Critics of a proposed $700 million hotel and mega-yacht development on Watson Island cited distrust of Miami’s city government and horrendous traffic as reasons for their opposition to the project during a forum held Wednesday night at the Miami C…

Skyrise Miami targets EB-5 investors for funding

A rendering of Skyrise Miami
Developer Jeffrey Berkowitz wants to raise $270 million for his SkyRise Miami tower from foreign investors seeking permanent residency in the United States.
In two weeks, Berkowitz will depart for China to seek out financiers for the project, a 1,000-foot high steel and …

Norwegian Cruise Line Expands Miami Presence

MIAMI–Norwegian Cruise Line has inked what local brokers say is the largest office leasing transaction in South Florida in years. The firm renewed its lease and is expanding its operations at the Airport Corporate Center here….

Commercial Real Estate News Roundup For Feb. 4, 2015

Tucson’s golf-based economy assessed a penalty for slow play, oil prices are in play, and women in CRE need a more level playing field. It’s all in today’s Commercial Real Estate News Roundup (abridged edition) for February 4, 2015.

Obama Budget Would Dramatically Cut U.S. Port Funding

Through Obama’s budget, ports would receive only $915 million for maintenance dredging and other work, roughly $1 billion less than they are set to receive in fiscal 2015, which ends Sept. 30. CLICK ON THE HEADLINE FOR MORE…

P3 Hub South Live Blogging – Join the Conversation

Bilzin Sumberg, in partnership with P3 Bulletin, is proud to host P3 Hub South, a two-day conference bringing together top national and international players in the public sector, including U.S. government agency officials, mayors and local government staff, and leading global public-private partner…

A sexy self storage facility is coming to 633 Alton Road, Riva condo sales strong as construction nears…and more

Rendering of 633 Alton Road
1. A sexy self storage facility is coming to 633 Alton Road [Curbed Miami]2. Riva condo sales strong as construction nears [Sun Sentinel]3. Miami floats plan; waterways to sink gridlock [Miami Today]4. Developers bank on healthy living in Aventura [Miami Herald]
— K…

Law firm leases Boca Raton office for $13M

925 South Federal Highway
South Florida-based Kanner & Pintaluga will move its headquarters after signing a new 45,000-square-foot office lease in Boca Raton.
Jim Knight of commercial real estate agency The Knight Group brokered the 10-year-lease for the firm. Kanner & Pintaluga, a…

Norwegian Cruise Line expands Doral headquarters

Airport Corporate Center
Norwegian Cruise Line renewed and expanded the lease for its corporate headquarters in Doral, CBRE announced Wednesday.
NCL’s offices are located at Airport Corporate Center, a 1-million-square-foot, 11-building office park. It added about 70,000 square feet to its exi…

One-acre site near Brickell City Centre sells for $16M

Lots sold to Millennium Developments of Brickell
Argentine businessman Alfredo Coto bought two lots south of the Miami River, The Real Deal has learned.
CWV Realty brokered the $16 million sale one block away from the future site of Brickell City Centre, the real estate company announced this w…