Developer pays $28M for three Miami Beach hotels
A Miami-based developer purchased three hotels in North Beach this week, Miami-Dade County records show. Megapolis Corp. sold three 7,500-square foot lots on Ocean Terrace, all of which face the ocean, to an affiliate of Claro Development for a total of $28 million.
Ugo Colombo’s firm buys Chelsea site in downtown Miami
Ugo Colombo’s CMC Group paid $10 million for a downtown Miami property that was previously slated for a 52-story mixed-use project, The Real Deal has learned. SC Investment Holdings, which shares a mailing address with CMC, acquired the 1550 Biscayne Boulevard property on Monday, according to Miami…
Developers of the Ritz-Carlton Residences Sunny Isles Beach Edgardo Defortuna, Manuel Grosskopf and their respective companies are being accused by condominium owners at the building next door, the Tropicana, of using “straw buyers to acquire five of the 48 units at the Tropicana and to block…
Miami Design District site sells for $29M
A building in the Miami Design District sold for $29.25 million, nearly 100 times its last sale price, The Real Deal has learned. The 19,436-square-foot building at 1 Northeast 40th Street sold to an affiliate of Brooklyn-based RedSky Capital and London-based JZ Capital Management.
Saturday Editorial: More about the big American (Wet) Dream Mall Miami And Other Topics
Actually I am going to the Miami Herald for material for my Saturday Morning Speak-up. Fabiola Santiago said it better than I ever could:To the county powerbrokers anchored in downtown Miami, the small bedroom communities in Northwest Miami-Dade…
Broward School Board’s budding bid rigging scandal takes a twist
In an about face, Broward School administrators will ask the School Board Tuesday to reject all bids for a controversial multi-million dollar contract to manage $800 million in capital projects. The boar…
Fun with urban planning: Biscayne Boulevard Could be a Grand Downtown Promenade
The Miami Downtown Development Authority and architects Behar-Font & Partners have released a video animation of their plan to completely revamp the Downtown section of Biscayne Boulevard, converting it into a grand pedestrian-focused promenade, like the Malecón in Havana, the Las Rambl…
Sleeping Around: Circa 39 is Straight Out of Old Miami Beach, with Big Revamp
As Mid Beach emerges from years of being a relatively sleepy backwater in the middle of Miami Beach, Circa 39 has just completed its multimillion dollar, two year renovation, reports HotelChatter, and the result is fab. The hotel has redone all 97 guest rooms, the lobby, and its restaurant and ba…
Venezuelan real estate investment at risk in South Florida
Question: A lot is being reported about the economic and political situation in Venezuela. What impact is this having on Venezuelan investment in the South Florida condo market? Venezuela – an oil-rich South American country with a population of nearly 29 million…
Ritz-Carlton developers accused of blocking sale of neighbor to preserve view
The condominium association at the nine-story Tropicana building in Sunny Isles Beach has filed suit against developers Edgardo Defortuna, Manuel Grosskopf and their related companies for allegedly blocking a sale of the Tropicana in order to preserve the…
Panorama concrete pour to break the mold
Construction of the Panorama Tower in Brickell is kicking off with a record-breaking concrete pour. Five construction companies will provide carpenters, iron workers, concrete trucks and management personnel for the foundation pour, which will begin on March 21 and…
ARC Hospitality buys Deerfield Beach Hampton Inn for $11.5M
Will Brickell Ever See Another Office Development?
Land prices are soaring and most developers securing land are building condos. What does that mean for new office space in Downtown Miami?…
LeFrak Shares South Florida CRE Strategy
University of Miami President Donna Shalala has a candid conversation with Richard LeFrak, CEO of LeFrak Organization and one of the most prolific and iconic real estate developers of our day,…
Why Big Retail Brands Flock to Miami
Erich Melsheimer, senior director of Real Estate at The Gap Inc. Melsheimer was bold enough to say what industry watchers are thinking: Los Angeles and Miami are competing for the number two retail trade market after New York….
What’s Next for the Coconut Grove Playhouse?
A large crowd showed up at Thursday’s County Commission meeting to hear the latest on the Coconut Grove Playhouse. One interesting concept brought up was having a second theater on the site.
New co-working space in Little Haiti opening soon, geared to creative types
Imagine after a long day of work, walking down the hall to shoot some pool, grab a beer or take a painting class — all without stepping outside. A new co-working space opening soon in Miami’s Little Haiti, called MADE at the Citadel, plans to offer its members much more than desks and offices…
Bass Museum Submits Plan To Renovate And Expand Their Facility On Collins Avenue