Hollywood to consider tower by Related Group, 13th Floor and Key International

A trio of developers are seeking approval to build the Hyde Beach House hotel and condominium in Hollywood.  The city’s Planning and Development Board will meet on July 9 to consider the proposal by PRH 4000 South Ocean LLC, a joint venture between Miami developers the Related Group, 13th Floor Investments and Key International.

Email points to broader probe of Miami affordable housing developers

A revealing email spotlighted in a recent federal criminal complaint charging a Miami developer with stealing government money for affordable housing makes a strong case that prosecutors are aiming at bigger targets.  The May 2009 email shows how the alleged plot was hatched between two of the most prominent development…

A Sneak Peek at SLS LUX Brickell, Opening in 2017

SLS LUX’s mission is to “indulge the senses,” though “sense the indulgence” also comes to mind. Especially in Miami, with all eyes – certainly ours – on the upcoming SLS LUX Brickell Hotel & Residences.  The dynamic duo of sbe and The Related Group, along with partner The Allen Morris Company, can already boast a sellout crowd…

Miami’s Grove Station Shops bought for $12.1M

The Grove Station Shops in Miami’s Coconut Grove neighborhood was purchased for $12.1 million.  Marlin Family, a Miami-based company managed by Ann D. Bowen, sold the 18,962-square-foot plaza at 2720 S. Dixie Highway to MAC Grove Station LLC, managed by Michael Comras, of Miami Beach-based Comras Co.

Marriott property in Doral trades for $10.4 million

A Residence Inn by Marriott in Doral sold for $10.4 million, according to Mami-Dade County property records.  The 112-key room property at 1212 N.W. 82nd Avenue is no longer under the control of Marriott, according to a representative from the company, meaning the building will likely be rebranded by its new owners.

Palace assisted living center awarded $27M construction loan

The Palace, a high-end assisted living center, obtained a $26.86 million construction loan for its Homestead location.  TD Bank awarded the mortgage to the Palace at Homestead LLC, managed by Jacob Shaham. His company also owns the Palace in Coral Gables. The Homestead facility will replace an existing assisted living center…

Casino at Hialeah Park nabs $30M loan from Wells Fargo amid expansion

The Casino at Hialeah Park obtained a big loan to help it complete its expansion.  Wells Fargo Gaming Capital, an affiliate of the banking giant (NYSE: WFC), provided a $30 million loan to Bal Bay Management, the owner of the casino and quarter horse race track managed by John J. Brunetti Sr. It’s located on 200 acres at 2200 East 4th Ave.

Schools to issue $200 million in bonds

The Miami-Dade County Public Schools plan to issue about $200 million in bonds this month due to cash-flow needs for district-wide upgrade projects.  Up to this point, the school district has been working on smaller projects that were badly needed, but it is rapidly progressing and moving onto larger…

Luxury condos due on water near hospital

A developer hopes to build a new luxury condominium on waterfront property next door to Mercy Hospital in Coconut Grove.  The project will require a land use and zoning change, which has gained preliminary approval from Miami commissioners.  Two ordinances must receive approval on a final reading late…

Yes, this is really a garage!

A garage like no other has advanced in Miami and will add another 800 parking spaces to the growing Design District.  Called Museum Garage, the 7-story building with ground floor retail is planned by Dacra for a stretch of Northeast 41st Street.  The city’s Urban Development Review Board on June…

Port Everglades to receive $1.2M for next phase of dredging project

Port Everglade will receive $1.2 million from the U.S. Army Corps of Engineers for the next phase of its dredging project.  The next step is the pre-construction engineering and design phase, estimated to cost about $5.6 million.  “It has been a long and winding road. But we are much closer to the finish line,” said Port CEO Steven Cernak…

Lester Sola: Spearheading mammoth water and sewer upgrades

Lester Sola always knew he wanted to give back to his community. He worked awhile in banking and construction, but when a professor in his graduate program advised him to apply for county management training in Broward County, Mr. Sola decided to serve Miami-Dade, where he grew up and lived.

County must get Marlins to pay their pittance for stadium

It took less than three years from the time Miami-Dade County approved financing for a baseball stadium for the Miami Marlins to the day it opened in 2012. The Marlins have played 3½ seasons there. Yet it’s still a mystery how much the Marlins are going to pay in the deal.  The Marlins…

Streetscape to revamp Miracle Mile

The Coral Gables Streetscape, a $20 million plan to redesign Miracle Mile and a section of Giralda Avenue, is nearing the end of the design phase and construction is expected to begin in January, says Mayor Jim Cason, after a final city commission vote in August.  The goal is to revitalize downtown…

Art Basel safe in convention center remake

The $500 million renovation of the Miami Beach Convention Center is to begin in December, but there’s no need for Art Basel fanatics to fret – the art show isn’t going anywhere. Construction is to be completed in phases, each circling around the art show’s annual return.

Aventura ParkSquare’s 40,000 SF Medical Wellness Center Unveiled

CREC to lead sales and marketing for the state-of-the-art tower, targeting specialty healthcare tenants.

Video: Emerging From A CRE Funk

So how do you get yourself pumped up and ready to make more deals?

Federal judge tosses out town’s RICO suit against residents seeking public records

Gulf Stream’s legal offensive against residents Martin O’Boyle and Chris O’Hare suffered a huge setback late last month when a federal judge in West Palm Beach threw out the town’s federal racketeering suit against the two men.

Sleeping Around: Beaux Arts Bank-Turned-Hotel The Langford to Open in Sept.

After years of renovation and conversion of an historic bank building, The Langford Hotel will finally be ready this September, and maybe one of the biggest reason yet to venture Downtown after business hours, reports HotelChatter. Built in 1925 and once home to Miami National Bank, the Beaux Arts…

Commercial Real Estate National News Roundup For July 7, 2015

REITs cautious because of possible interest rate hikes, offices surge in some secondary markets, good news and bad news about Atlanta’s CRE, industrial property will be hot for the rest of 2015.  It’s all here at the Commercial Real Estate national…

The Summer 2015 Linneman Letter: ‘The Chirping Continues’

This excerpt covers the shrinking of the U.S. economy in the first quarter of 2015, as well as an in-depth discussion of the GDP, employment and other key economic indicators.

Southeast CRE Sees Strong Push Toward This

There’s a clear movement in the Southeast. Judd Bobilin, CEO of Chance Partners, sees is as plain as day….

Keyes Commercial Realty

Related Group and Shoma land $137M construction loan for CityPlace Doral

CityPlace Doral, the major mixed-use project by the Related Group, Shoma Homes and Prudential, obtained a $136.9 million construction loan from Regions Bank for its next phase.  Located at 8300 Doral Blvd., the project has a mix of retail and residential in the middle of an office-heavy area. The first phase will feature 304 apartments…

Israeli investor Mana expands Wynwood holdings with near $10M deal

Israeli developer Moishe Mana added to his collection of properties in the Miami street art showcase neighborhood of Wynwood with a $9.95 million acquisition.  Jersey Art Holdings, a company headed by Mana, purchased Wynwood Gardens, a 47-unit apartment on a 2.7-acre lot at 2000 N.W. 5th Place – right up against Interstate 95.

Firm Closes Four Transactions In Broward And Palm Beach

The deals total more than 16,000 square feet.

Multi-Tenant Retail Center Sold in Delray Beach

David Donnellan and Patricia Friend of CBRE managed the sale on behalf of Pebb Enterprises.

What Miami Office Tenants Really Want

It may not be what you think. Colliers’ Jonathan Kingsley sounds off in this interview.

Moishe Mana Purchases Wynwood Multifamily Asset

The property provides a gateway for Mana’s Wynwood assemblage.

Where Does Miami Office Go From Here?

It’s getting tougher and tougher to find quality class A office space in the Miami area, with ever-increasing demand for prime locations.

Ytech buys 188 apartments in Miami Beach for $27M

An affiliate of Miami-based developer Ytech International bought a group of 188 apartments in Miami Beach for $27.15 million.  Grand Beach LLC, managed by Roland Faith and Roy Faith, sold the 11 neighboring properties to Ytech-180 Units Miami Beach Investment, headed by Ytech Chairman and CEO Yamal Yidios. The company…

Stiles Realty Brokers Sale Of Largest Marina/Boatyard In The United States

Stiles Realty Broker Associate Julie Fisher Berry represented the sellers in the transaction.

Dania Jai Alai casino scores $40M loan as construction continues

The owners of the Dania Jai Alai casino obtained a $40 million mortgage from BankUnited as its facility undergoes major renovations.  The Miami Lakes-based bank (NYSE: BKU) granted the mortgage to Dania Entertainment Center, managed by Leon Reitnauer, for the 217,172-square-foot complex at 301 E. Dania Beach Blvd.

Cold Storage Warehouse Facilities in Miami

Temperature controlled warehouses (like this one in Holland) are located all over the world.  Cooler warehouses, freezer warehouses and refrigerated warehouses are all commonly used terms to describe a cold storage facility. A cold storage facility is ideal for a wide array of perishable goods such…

Mexico’s biggest hotel operator to debut in Miami

Grupo Posadas, a major player in the Mexican hospitality industry, is joining forces with Las Vegas-based private equity firm Bighorn Capital to bring the GP’s high-end boutique hotel brand, Live Aqua, to Miami.  Per its agreement with Grupo Posadas, Bighorn Capital will invest $450 million to develop Live Aqua properties in Miami…

WSJ: Miami Condos Seek Chinese Buyers

Wealthy buyers from Brazil, Venezuela and Argentina have fueled a real-estate frenzy in Miami in recent years, sending luxury-condo prices soaring. Now, Miami developers and real-estate agents are setting their sights on a more distant part of the world: China.  In April, representatives for several Miami condo buildings made…

Site on Miami River near Brickell trades for $18M

The vacant site along the Miami River on the western edge of the Brickell area sold for $18.3 million, or $1,309 per square foot for the dirt.  In a related deal, a Miami Beach mansion traded for $13 million.  The Edge on Brickell, managed by Rafael Aragones, sold the 13,979-square-foot property at 39 and 55 S.W. Miami Ave.to…

Bay Harbor Islands condo project scores $12M construction loan

City National Bank of Florida awarded a $12.335 million construction loan for the Sereno Bay Harbor Islands condominium project.  The Miami-based bank provided the mortgage to Bay Harbor Holdings, an affiliate of Miami-Based developers 13th Floor Investments and Integra Investments. The 38-unit project broke ground…

Israeli investor Mana’s $32M deal is latest in downtown Miami buying spree

Israeli developer Moishe Mana ramped up his buying spree in downtown Miami with the $32 million purchase of a former Justice Building.  Columbus Properties, a New York-based company managed by John DiMarro, sold the office building at 155 S. Miami Ave. and the parking garage at 26 S.E. 1st Street to Mana’s Park Realty…

Hotel Indigo Trades for $18.6M

The Carlyle Group and Rodblu Investment Fund 1 have sold the Hotel Indigo at 7690 N. Kendall Dr. in Miami, FL to Integrated Capital LLC for $18.63 million, or about $155,000 per room.  The six-story, 55,776-square-foot, upscale hospitality building was constructed in 1975 on 1.5 acres in the Kendall…

China’s Biggest Real Estate Developer Could Be Interested In The Health District

The chief executive of Greenland USA that is actively seeking growth opportunities just visited Miami and was especially interested in the UM medical campus.

Chicago doctor sells 12 South Florida apartment buildings

A Chicago doctor just sold off 12 apartment buildings, totalling 115 units scattered around West Palm Beach and Broward Counties, for $8.5 million.  The portfolio was assembled by Dr. Salomon Dayan from 2003 to 2008. The doctor, who is…

Carlyle drops anchor at Lauderdale Marine Center

Miami Everglades campgrounds sell for nearly $10M

A 34-acre campsite in southwest Miami-Dade sold for $9.84 million, according to Miami-Dade County records.  Miami Everglades Resort, at 20675 Southwest 162nd Avenue, sold to MHC Miami Everglades, a Chicago-based company tied to Equity LifeStyle Properties.  Equity…

Sereno Bay Harbor Islands gets $12.3M construction loan

Sereno Bay Harbor Islands, a boutique condo development currently under construction, just inked $12.3 million in construction financing from City National Bank.  The 38-unit project is located at 10201 East Bay Harbor Drive. Its developers…

Walmart Neighborhood Market headed to Davie, gets $13M loan

A new Walmart Neighborhood market will be developed in Davie, Boca Raton-based Atlantic Commercial Group announced this week.  The Walmart is planned for the site on the southeast corner of Pine Island Road and Stirling Road in Davie. The 11.2-acre land sold this…

7-acre oceanfront RV park in Islamorada sells

Arizona-based Carefree RV Resorts closed on the purchase of Seabreeze RV & Mobile Home Park in Islamorada on Wednesday, Seabreeze Associates owner Joe Weiselberg told The Real Deal.  Located at mile marker 87.4, oceanside, on Plantation Key, Seabreeze has 101 RV…

Design District property sells at premium: $24M

A property at 21 Northeast 39th Street has sold for $24 million — up nearly sixfold in four years — as demand heats up in Miami’s Design District, The Real Deal has learned.  A group of investors led by commercial real estate broker and developer…

Mexican hospitality brand to launch in Miami

Mexico’s largest hotel operator is moving into Miami, joining a handful of Latin American hospitality companies in the market.  Grupo Posadas, which has more than 130 hotels in Mexico, is teaming up with Bighorn Capital and Debut Hotel Group to develop…

Why Foreign Investors are Falling Into This Net

“Foreign investors look at opportunities differently than domestic investors.”

CRE firm sells Miami Design District building for $24M

A company controlled by Miami Beach broker/developer Michael Comras sold a retail building in the Miami Design District for $24 million.  MAD DD LLC, managed by Comras, sold the 8,310-square-foot building at 21 N.E. 39th Street to RS JZ NE 39th LLC, an affiliate of Brooklyn-based RedSky Capital. That equates to an eye-popping…

Brickell City Centre reports strong retail leasing

The majority of the retail space at Brickell City Centre is already spoken for a full year before the massive urban mall is set to open.  Swire Properties’ retail executive Debora Overholt said 450,000 square foot of the 500,000 square feet of retail is in advanced negotiations and they plan to…

IMC Property pays $13M for Kendall office/retail building

IMC Property Management acquired a 45,000-square-foot office/retail building in Miami-Dade County’s Kendall market for $13.08 million.  Galloway Development Group, managed by Agusto Gil and Pedro Camejo in Miami, constructed the building at 7190 S.W. 87th Avenue in 2009. It’s just off State Road 874…

Swire Building Sugar, A Rooftop Lounge On The 40th Floor Of Brickell City Centre

Swire Properties has started the build out of a rooftop bar and lounge at Brickell City Centre, construction filings reveal.  The 40th floor restaurant, to be called Sugar, will be located at the top of the EAST hotel, which was the first tower to top off at the project. It will…

Chateau Group proposes 17-story office in Sunny Isles Beach

An affiliate of the Chateau Group wants to build a 17-story office building in Sunny Isles Beach.  Corner House LLC, led by Chateau Group CEO Manuel Grosskopf, has a pending application before the city to build the office tower at 18590 Collins Ave., on the west side of A1A. It would total 58,551 square feet, should the city approve…

Coral Gables Epicure Market to be replaced by furniture retailer Robb & Stucky

Robb & Stucky, a furniture retailer based in Southwest Florida, announced that it will new area showrooms and is actively seeking more locations in South Florida to expand.  One of the showrooms will open in the former space of the Epicure Gourmet Market & Cafe, which was confirmed closed last weekend, according to the Miami Herald.

Atlantic Commercial Group Reps Walmart For New 39,000 SF Supermarket In Davie

The project, which has been dubbed Pine Island Marketplace, will be anchored by Walmart Neighborhood Grocery, with approximately 39,000 square feet.

Restaurant Signs 10,000 SF, 20-Year Lease On Miami River

The new restaurant will be located near the former East Coast Fisheries.

CRE Rauch, Lupo, Robertson & Co. Leases Port Saint Lucie Medical Space to National Tenants

National tenants Hospital Corporation of America (HCA) and Brookdale Corporation have leased space at the new Lake Whitney Medical and Professional Park in Port Saint Lucie, FL. The medical buildings are located at 573 NW Lake Whitney Pl. and 291 NW Peacock Blvd; both are currently under consturction…

Stilwell Joins Konover South

Erika Stilwell has joined Konover South Development Corp. as a vice president of asset management in the firm’s Deerfield Beach, FL office.  Stilwell will be in charge of optimizing the value of the company’s commercial real estate portfolio.  With more than 18 years of experience, Stilwell was…

Fancy Offices: Office Tower With Sexy Pleated Facade Coming to Sunny Isles

The Grosskopfs have proposed a high-end (isn’t everything, these days?) office tower across Collins Avenue from the Porsche Design Tower in Sunny Isles Beach which will likely be approved by the city commission, reports the Next Miami. Designed by Arquitectonica, the 17-story tower will have a…

Parks and Recreation: The Wall Street Journal loves…

The Wall Street Journal loves all the ‘linear parks’ coming to Miami, focusing on the Biscayne Line section of the Bay Walk and the River Landing and One River Point sections of the Miami River Walk. What’s One River Point? Oh, that’s the new name of the Rafael Viñoly-designed tower in the…

Parks and recreation: River Landing Developing 1.5 Acre Park on County Land

Along with dooming the fate of the historic Bay Harbor Continental, Miami-Dade County Commissioners did something arguably more positive last night. They gave an acre and a half of Miami River-front land valued at over $4 million a nonprofit affiliated with the developers of the River Landing mega…

The Bay Harbor Continental’s Historic Designation Was Junked

In an 8-2 vote, Miami-Dade County Commissioners overwhelmingly stripped the Bay Harbor Continental, the first building in Bay Harbor Islands ever to be historically designated, of that designation. The architecturally powerful Continental…

Is An Investment Slowdown A Good Thing?

With so much capital in the market, a potential tapping of the brakes by investors could be a welcome change in the near future, said speakers at RealShare National Investment & Finance. Panelists on the “Power Panel: Direct From the C-Suite” session recognized the next phase of the…

Postponed: rezoning to allow for Design District expansion

A request to rezone residential land in Buena Vista in order to provide parking for the expanding Miami Design District was postponed indefinitely by Miami’s Planning, Zoning and Appeals Board on Wednesday night.  The reason: Miami Design District…

A Tale of Distressed Miami Retail

Talk about a dramatic distressed commercial estate turnaround. Less than 90 days after buying Royal University Plaza, one joint venture did this…

What’s Next Now That County Commissioners Junk Historic Designation in Bay Harbor Islands?

A developer triumphed in a long-running battle with preservationists after Miami-Dade County stripped a Bay Harbor Islands residential building of its historic designation.

Brickell City Centre Could Pave The Way For Taller Towers In The Downtown Area

Taller towers could be in store for downtown Miami, following the Federal Aviation Administration’s decision to approve Swire Properties’ One Brickell City Centre last week.  A height limit that had restricted towers in the area to 1,010 feet is being lifted to 1,049 feet.  Swire had initially proposed to build a tower that reached…

Related Group nabs $118M condo construction loan for Miami tower

An affiliate of the Related Group obtained a $117.5 million loan to help it finish construction of the ONE Paraiso condo tower in Miami’s Edgewater neighborhood.  The waterfront tower at 600 N.E. 31st Street broke ground in December. In late June, Related Group affiliate Thirty-First Street Property Owne

More funds flow for Tri-Rail downtown link

A link to bring Tri-Rail passenger service to downtown Miami is a “no-brainer,” supporters said as the proposal garnered another promise of cash last week.  Miami city commissioners met as the board of the Omni Redevelopment District Community Redevelopment Agency (CRA) on a proposal to…

1060 Brickell Withdraws Appeal Of Ugo Colombo’s Brickell Flatiron

1060 Brickell’s condo association has dropped an appeal that had challenged approval of the Brickell Flatiron condo project.  In a letter to the Miami’s Planning & Zoning Department, the president of the condo association wrote that the appeal had been withdrawn. Becker & Poliakoff, a law firm that had been hired by the association…

Security Building in downtown Miami sold for $23.5M

The 47 office condo units in the Security Building in downtown Miami were sold for $23.5 million.  Metro 1 Commercial’s Tony Arellano represented seller Capital Loft Miami, managed by Guy Sharon in Aventura. Whitehall Realty’s Devlin Marinoff represented the buyer, a partnership between Daniel Gohari, Rory Greenberg…

Addison House signs for space in Miami’s Design District

Upscale furniture retailer Addison House has secured a long-term lease among the luxury tenants of Miami’s Design District for its third South Florida showroom.  The brand’s newest store is expected to open at the corner of 36th Street and North Miami Avenue in the spring of 2016, said CEO Max Alcalay.

Military Museum takes heavy state fire

The South Florida Military Museum suffered another setback last week when Gov. Rick Scott vetoed $1 million in state funding that would have allowed it to finally open its doors, said Anthony Atwood, a Navy veteran who has led the fight to open the museum since 2007.  Work will continue on equipping…

REIT acquires majority stake in The Ritz-Carlton Fort Lauderdale

Carey Watermark Investors Inc. said Wednesday that it acquired a majority interest in The Ritz-Carlton Fort Lauderdale in a joint venture with RCFL Holdco LLC, an affiliate of owners Gencom.  Carey Watermark said the transaction marks its third joint venture purchase with the Gencom family of companies, following…

Island mega-marina’s fluid situation

The city and county are working together to get water and sewer lines to mega resort and marina Island Gardens, under construction on city-owned Watson Island.  Last week, without fanfare or a word of discussion, Miami commissioners approved an agreement with Miami-Dade County to bring public water…

Firm to monitor Miami Worldcenter hiring

The Southeast Overtown/Park West Community Redevelopment Agency has hired a $430,000-a-year consultant to monitor minority job creation at Miami Worldcenter. The developer will pay the bill, said Clarence Woods III, CRA executive director.  The mammoth mixed-use property in Park West is to get tax…

Looking to define trends in Miami’s shifting condo market

You can’t spot a trend on day one. A deviation becomes a trend only if it lasts awhile. Otherwise, it’s just an anomaly, a blip on history’s radar.  That’s what economists said last week when we tried to assess a jobs record in Miami’s financial sector of 78,500, up…

Staybridge Suites hotel proposed in Miami

A 175-room Staybridge Suites hotel has been proposed for a vacant site in Miami.  Germantown, Tennessee-based DAN Trust submitted plans for the 12-story, 31,000-square-foot project, at 19680 W. Dixie Highway, last week. The plans include 9,000 square feet of meeting space, 8,396 square feet of retail and eight townhouse units.

Jeremy Mikolajczak: Making Miami Dade College’s museum prominent

Having grown up in the Midwest and worked for several museums there, Jeremy Mikolajczak was thrilled to arrive in Miami almost four years ago and become the first executive director and chief curator of the Miami Dade College Museum of Art & Design. It’s wasn’t just escaping the long…

How urgent are urgent care facilities?

Urgent care facilities that offer walk-in care for everything from scraped knees to diagnostic tests are a hit with consumers, but one major hospital system hopes a contrarian move will pay off for the institution and its patients.
With 17 urgent-care facilities and 14 diagnostic centers from…

Bay Harbor condo project to proceed after historic designation lifted

The Miami-Dade County Commission overturned the historical designation of a 57-year-old building in Bay Harbor Islands, which should allow a condominium redevelopment project to advance. P3 Investments wants to demolish the 35-unit Bay Harbor Continental co-op building at 1135 103rd Street and build a seven-story condo with 28 units. Italian design firm Pininfarina is the architect on the proposed $100 million project.

Jackson Health System Purchases Land for New Location

Jackson Health Systems, a Florida-based healthcare provider, acquired 27 acres at 7800 NW 29th St. in Miami, FL from AAAA Universe LLC for $38.5 million.  The buyer plans to construct a new hospital facility at the site, which is currently improved with a 180,000-square-foot…

78,000 SF Retail Center Sold

The property was purchased for $17,600,000.

Miami-Dade commission approves funds to extend Tri-Rail to downtown Miami

The Miami-Dade County Commission unanimously approved on Wednesday night its share of funding to bring Tri-Rail passenger trains directly to the All Aboard Florida station in downtown Miami.  Riders of Tri-Rail in Broward and Palm Beach counties currently need to transfer to Metrorail in Hialeah to reach downtown Miami…

Phillips Point Towers Sold for $245.5M

Colonnade Properties LLC and The Prudential Insurance Company of America have sold the Phillips Point office towers at 777 S. Flagler Dr. in West Palm Beach, FL to AEW Capital Management for $245.5 million, or about $554 per square foot.  The East Tower is 18 stories with 216,787 square feet and…

New York investor spends $33M to buy block on South Beach

A company hled by New York developer Eric Birnbaum spent $32.75 million to assemble a full block of Washington Avenue on South Beach.  Washington Squared Owner, a company led by Birnbaum, executed five deeds over the past week to acquire property from 601 to 683 Washington Avenue – the entire block between Sixth and Seventh…

More controversy as Broward looks to begin $800 million school construction program

The controversy surrounding the Broward School District’s $800-million bond construction program continues with an allegation of another Sunshine Law violation, and a question as to why the same company was ranked first for two offsetting contracts designed…

Preservation Watch: The Miami Beach Women’s Club’s Spectacular Restoration

In late 2012, Curbed Miami published a series of photos from the Wolfsonian Museum of the exterior and interiors of the Miami Beach Women’s Club, a beautiful but forlorn structure covered in dust on 24th Street and Pine Tree Drive. But it was…

Resorts World Watch: Construction cranes are onsite at…

Construction cranes are onsite at the huge and barren Resorts World Miami megaproject property downtown. If these were a sign that the project was finally moving forward it would be huge news but, as The Next Miami notes, they’re probably just there to fix the seawall. Genting filed construction…

Archicritics: Alastair Gordon, architecture critic to…

Alastair Gordon, architecture critic to the Miami Herald, gives his take on the planned renovations of Lincoln Road as envisioned by James Corner Field Operations, in a piece that yes Curbed will admit was more diplomatic than ours. Gordon also touches on the ideas to expand Lincoln’s pedestrian…

Worldcenter To Break Ground In The First Week Of August

In recent days, crews have been installing temporary fencing while removing asphalt from the surface parking lots that will become the project site.

4 More Ways to Wring More Value From CRE

“We have to deal with real-world problems, rather than evaluating management teams from afar as many stock and bond portfolio management teams do.”

Miami to consider density boost near Bird Road, parking garage near Design District

Miami’s planning and zoning board will consider two significant proposals on July 1, a major increase in density near Bird Road and a parking garage on the edge of the Design District.  The city’s staff was the applicant for the proposed doubling of residential density in the 3.8-acre area consisting of 17 parcels with various owners. It is just north…

Five major development plans proposed in Miami-Dade, 859-acre urban center out west

Five major development plans were submitted for Miami-Dade County’s annual batch of amendments to its comprehensive zoning plan, with the largest among them an 859-acre urban project on the western edge of the county.  The comp plan amendments were submitted in early June. County staff will publish…

Miami-Dade Commissioner Calls for County-Wide Donald Trump Ban

In the epic fight between Univision and Donald Trump, county commissioner Daniella Levine Cava wants Miami-Dade to officially take sides. She’s introduced a resolution that would forbid the county to hold any officially sanctioned event at any Trump property in Miami-Dade.  The whole fiasco started with Trump claiming…

The Great Outdoors: Icon Bay Park, First New Edgewater Park in a Long Time, Opens

On Friday the Related Group threw a grand opening party for Icon Bay Park, the first new park to be built in Edgewater in a really, really long time and the only neighborhood park between Margaret Pace Park and those little scraps of green space leftover between the…

Sleeping Around: Hotelier and Studio 54 creator…

Hotelier and Studio 54 creator Ian Schrager is down and determined to find sites for two new South Florida hotels of his creation. He thought he had a Fort Lauderdale locale nailed down to build an Edition Hotel, but negotiations didn’t pan out, so he’s looking for something else. Mr. 54 is also…

Miami Office Space Greener Than Most

Miami doesn’t lead the Southeast for green buildings, but it’s still one of the top markets in the nation for LEED buildings.

ComReal Miami Industrial Real Estate Market Report First Quarter 2015

The new year has started very strong for the Miami industrial real estate market. The average lease rates have already increased to $8.53 per sq. ft. and the average vacancy rate fell to 5.2%. The net absorption for the 1st quarter was an astounding 1.4M square feet. The largest lease so far this year…

Tour of Cargo Warehouses at Miami International Airport

Edison Vasquez from the Miami Warehouse Team at ComReal Miami had the opportunity of participating on the tour at Miami International Airport at its cargo facilities. The tour was guided by Mr. Ernesto Rodriguez, MIA Marketing Division.Did you know that Miami International Airport is the…

Citigroup Inks 125,000 SF Lease at Miami Center

It’s one of largest Downtown Miami office lease deals of 2015. What does it say about the current state of Miami’s office market?

Trump, Gimenez Cleared in Golf Course Ethics Flap

Miami-Dade County’s ethics watchdog declines to sanction county Mayor Carlos Gimenez for discussions with Donald Trump about the future of the Key Biscayne golf course.

Total Wine & More Inks Deal For 25,000 SF

The deal increases occupancy at the retail center from 45% to 70% occupied, less than 90 days after the JV acquired it.

CRE Firm Leases 23,000 SF At Golden Glades Office Park

The brokerage firm closed out the 2nd Quarter with nearly 33,000 square feet In lease deals.