Berger Singerman Steers $37.7M Auction Bid for Plantation’s Fashion Mall

Berger Singerman’s James Berger, Shahram Siddiqui, Barry Lapides, Paul Singerman, Brian Gart and Isaac Marcushamer represented Encore Housing Opportunity Fund in the bankruptcy acution purchase of the Fashion Mall.

Miami River Inn sells for $8.6 million

The Vagabond Group, a company led by developer Avra Jain, has purchased the historic Miami River Inn hotel.  Aztec Group represented Jain’s company and announced the sale of the 58-unit property this week, which sold for $8.6 million — up 105 percent from its previous sale price of $4.2 million in July 2013, according to…

South Beach office building sold for $23M

Whole Foods Market location in downtown Miami sold to EDENS

The space occupied by the recently opened Whole Foods Market in downtown Miami was sold to national shopping center investor EDENS for $19.63 million.  Miami-based P&G Development, managed by Luis A. Pulenta, sold the 41,000 square feet of retail space and 140 underground parking spaces at the Met 3 building, at 299 S.E. Third…

BBX inks $31M in deals for West Palm Beach development sites

BBX Capital Corp. said it recently signed contracts to sell two development sites in West Palm Beach for a combined $31 million to an undisclosed third party.

Bank sells foreclosed Sunrise site at discount

BAC Florida Bank sold a repossessed development site in Sunrise at a discount to its former mortgage.  The Coral Gables-based bank seized the 6.5-acre site at 6500 W. Oakland Park Blvd. in 2013 after foreclosing on Oakland Park Boulevard LLC’s $2.62 million mortgage. It recently sold the commercial-zoned land for $2.5 million…

Historically Sleeping Around: Call her Kaiser, because developer Avra Jain…

Call her Kaiser, because developer and historic preservationist Avra Jain is on a roll. The developer of the FAB-U-LOUS Vagabond Motel has picked up another, even more historic hotel, the Miami River Inn for $8.6 million, from its former owner, fellow preservationist Sallye Jude. Right now, she is…

Development Update: Contentious Alton Road Whole Foods Gets Snazzy Makeover

Developer Crescent Heights has pulled out the third incarnation to date of the Whole Foods Market they are proposing for the corner of Alton Road and 19th Street. This time around architect Chad Oppenheim has been brought in to vamp it up, an the end result is much more attractive.

Building housing Seasons 52 in Boca Raton sells for $10.25 million

A Boca Raton property leased to a Seasons 52 restaurant was sold.  The building at 2300 N.W. Executive Center Drive was listed for $10.62 million in October by Marcus & Millichap’s Miami office and sold for $10.25 million last week to Boca Seasons 2300, LP.

Latin American investors buy downtown Delray Beach condo project

Downtown Delray Beach has attracted the attention of foreign investors as a Colombian-led group purchased a condominium development site.  Jim Knight, of Delray Beach-based Knight Group, represented seller SW Delray One, managed by Joseph E. White and Maya Saxena, in the $9.03 million deal for the 1.12-acre site…

Miami Cooler/Freezer Warehouse Video

ComReal has published this video to promote an industrial property, a cooler/freezer warehouse.

Prologis Buys KTR Capital Portfolio In $5.9 Billion Deal

The portfolio includes 60 million square feet in 322 properties located in South Florida, California, New Jersey, Florida, Chicago, Seattle and Dallas.

Are Fort Laurdale and Miami Condo Buyers Different?

Is there really a difference between Fort Lauderdale and Miami condo buyers? Dev Motwani, president of Merrimac Ventures, thinks so.

Fort Lauderdale Beach is Not What it Used to Be

GlobeSt.com caught up with Dev Motwani, president of Merrimac Ventures, to get his thoughts on how the North Beach Village district is balancing new development with its laid-back vibe in part one of this exclusive interview series in part one of this exclusive interview….

Vagabond Buys Historic Miami River Hotel

“Bringing in a group with a passion for redeveloping historic properties ensures its bright future.”

A Condo-Hotel Revival?

Last year, a Bloomberg article suggested that homebuyers avoiding chores is fueling a condo-hotel revival in the United States. Newgard Development Group and Merrimac Ventures are getting in on the revival.

South Florida Wildlands Association on FPL Turkey Point Nuclear hearings today

A bit ironic – President Obama will be visiting Everglades National Park (on Earth Day) to discuss climate change and Everglades Restoration on the same day that the Nuclear Regulatory Commission begins two days of public hearings on FPL’s plans to build two new nuclear reactors on the shores of Bis…

Curbed Maps: This is a Pathetic Map of Every (?) Bike Lane in Miami

To protest the fragmented and incomplete state of the bicycle lane networks in modern American cities, the Washington Post created a map of every bike lane in Washington D.C. and other American cities (starting with just a few, but then mapping many more). The city that came…

Keyes Commercial Real Estate

Wells Fargo lends $46M for Downtown Doral condo tower

Codina Partners secured a $46.13 million construction loan from Wells Fargo Bank for its second condo tower in its Downtown Doral project.  The bank (NYSE: WFC) provided the mortgage to Parcel C1 Property, an affiliate of the Coral Gables-based developer, to build 5300 Paseo near 8500 N.W. 52nd Street.

Whole Foods is back on the menu for Miami Beach

After facing stiff resistance for its plans to open a new Whole Foods on Alton Road, developer Crescent Heights has reportedly returned with a fresh design by architect Chad…

Big Week For FPL In Miami as Public Hearings for New Nuke Reactors Take Place

Sleeping Around: Miami Beach’s current hotel construction…

Miami Beach’s current hotel construction craze is old news. Another hotel building boom has come to Broward County, where major new projects like the Margaritaville Beach Resort, and the Melia, both in Hollywood, and the Gale, and Four Seasons, in Fort Lauderdale Beach, are underway. According to…

Avra Jain buys Miami River Inn for $8.6M

Historic mixed-used building in downtown West Palm for sale

An historic mixed-use property in the heart of downtown West Palm Beach’s entertainment and nightlife neighborhood has been listed for sale, owner Jason Weisman told The Real Deal.  Clematis@Olive, at 219 to 225 Clematis Street, totals 47,857 square…

Boca Raton office towers trade for nearly $24M, seller takes a loss

A pair of office towers in Boca Raton recently sold for $23.75 million, almost $2 million below what their owner paid for them nine years ago.  The Glades Twin Plaza office complex, at 2300 Glades Road, has two 50,000-square-foot buildings that are…

Investors sue American Realty for alleged “hidden scheme”

From the New York website: Investors in American Realty Capital Properties are accusing ex-chair Nicholas Schorsch of perpetrating a scheme that generated more than $900 million in managers’ fee and bonuses.
In a new class-action lawsuit, these investors say that…

Codina Partners lands $46M loan for Downtown Doral tower

Downtown Doral received a $46 million loan for one of its residential projects, 5300 Paseo, Miami-Dade County records show.  Wells Fargo granted the mortgage to Parcel C1 Property, a company affiliated with Codina Partners, for the site at 5300 Northwest 85th Avenue.  The 219-unit build…

What’s Really Driving Miami’s Multifamily Market?

GlobeSt.com caught up with Jeronimo Hirschfield, CEO of developer One Real Estate, to get his take on Miami multifamily drivers and opportunities in part one of this exclusive interview…

Buyers Have Closed On 44 Units At Nine At Mary Brickell Village In The Past Three Weeks

Closings are now underway at Nine at Mary Brickell Village.  County records show that 44 units have been closed on since March 26, when they began. In total, the project includes 390 units.  The developers of the 35-story project, Lynd and Starwood Capital, had originally planned it as a rental tower called EnV…

Paramount Miami Worldcenter is Already 30% Sold Out

Condo sales at Paramount Miami Worldcenter have not even officially launched, and approximately 140 units have already been reserved out of the 473 standard units in the building (in addition to the 473 standard units, Paramount will also include 12 Balinese-style villas and 28 flat and duplex penthouses to be released…

West Palm Beach marina plans mega-expansion

West Palm Beach soon could get more dock space for mega-yachts.  Palm Harbor Marina plans to build an expansion worth “millions,” the Sun Sentinel reports. The project, led by Leisure Resorts, would add about 1,000 feet of dockage that could hold six yachts 160 feet or longer.

Miami-Dade considers $63M in bonds for 5 affordable housing projects

The Miami-Dade County Commission will consider, at its April 21 meeting, awarding $63.4 million in bonds to build five affordable housing projects.  The bonds would be issued through the Housing Finance Authority of Miami-Dade County and the developers would be responsible for repaying them. These projects would provide…

Royal Palm in Miami Beach to become first Starwood Tribute brand

The Royal Palm South Beach hotel will reportedly become Starwood’s first Tribute hotel.  Starwood Hotels & Resorts Worldwide will spend $20 million to launch the portfolio, the Wall Street Journal reported. The company is aiming to have…

Super-rich flock to Miami, will keep coming back

Jane Wooldridge, David Friedman, Craig Robins, Howard Lorber and Horacio Silva at the panel discussion, and Knight Frank’s list of the top 10 cities for ultra high net-worth individuals in 2015.  Miami has become a hot spot for the wealthy, and will remain among the world’s top 10 cities…

Ocean Bank finances construction of Doral hotel

Ocean Bank granted a $10 million construction loan for the Wingate by Wyndham hotel in Doral.  The Miami-based bank wrote the mortgage to 3755 Property Holdings, a Doral-based company managed by Antonio Pecorelli. The loan matures on Oct. 2, 2016, but it has multiple extension options.

Ferrari Interiors for a Miami Condo

If there was any doubt that the Italian designers known for sculpting the sleek forms of Ferraris, Maseratis and other sports cars — many of them vibrantly red — were responsible for the interiors of a new 42-story condominium tower developed by the Related Group, one glance at the scarlet elevator lobby would lay those doubts to rest.

Apartment project proposed in Doral industrial park

The trend of converting South Florida office park land to residential could continue as Doral considers an apartment proposal by Ram Realty.  Ram Dev, an affiliate of Peter D. Cummings’ Ram Realty in Palm Beach Gardens, wants to build Intercontinental Village, a 332-unit apartment complex in the Transal Business Park.

President Obama to visit Everglades on Wednesday, linking hopes for the River of Grass with climate change adaptation. But will he stir the Big Sugar pot?

You may not be invited to be a guest when President Obama visits the Everglades on Wednesday, but this afternoon if you have time, at 1:30PM, come to the annual meeting of Friends of the Everglades at Pinecrest Gardens to listen to a few people who have spent most of their careers on these issues.

Eye on Miami’s Saturday Editorial Page: Turkey Point Hearings – Special Taxing Districts Op Ed

Eye on Miami has replaced the Saturday Editorial Page of the Miami Herald – They do not have one.  One of the very few chances for the public to be heard on the expansion of FPL Turkey Point and $24 billion of new nuclear reactors at sea level.  Mayors of three important South Florida…

Development Update: With 1100 Millecento Done, Pininfarina Sets Up Shop in Miami

The Italian automobile design firm, Pininfarina, established in 1930 and famous for creating iconic designs for companies like Alfa Romeo, Fiat, Ferrari, and Maserati (you might have heard of them) has recently expanded its repertoire of to skyscrapers, and is setting up shop…

Revenge of the Megaprojects: Construction continues on Island Gardens’…

Construction continues on Island Gardens’ marina which, according to backers and the Next Miami, will be the only super-yacht marina in North America and one of the largest marinas that can handle mega-yachts. It will reportedly even be able to accommodate the largest yacht in the world, which makes…

Comment of the day: “If Miami didn’t demolish all of…

“If Miami didn’t demolish all of its downtown grand hotels along Biscayne Boulevard (the McAllister, Columbus, Everglades, Alcazar, etc.), we would be having a boutique hotel craze which would make this and Miami Beach look petty.”—Top of the Columbus [Miami is the Heart of the Funky ‘Lifestyl…

Miami Gardens Freezer Cooler Warehouse

The ComReal Miami Industrial Team is pleased to introduce you to this 80,000 sq. ft. refrigerated warehouse building. The address is 650 NE 185th Street in Miami Gardens, Florida. The property is centrally located on the Miami-Dade…

Louise Sunshine sues Grand Venetian’s condo association

Underline forums aim at public input

The Underline could kick-start nearby development, according to proponents of the public greenspace, who are hosting a series of public meetings this week unveiling plans to gauge community support.  Lisa Switkin, principal of New York-based James Corner…

Billionaire Jeff Greene wants to build new office tower in West Palm

Billionaire Palm Beach investor Jeff Greene really wants to build a new office tower in downtown West Palm Beach.
This month, he told 300 attendees at the Urban Land Institute’s West Palm Beach forum that he planned to go ahead with construction of a new, 30-story office tower, before he had any pre-leased office tenants locked up.

Related Group To Launch Sales For Gran Paraiso Next Month, With Interior Design By Piero Lissoni

Related Group is preparing to launch sales for the fourth tower at the Paraiso Bay complex.  Details of the project haven’t been released yet, but sales will launch in early May. The developer has approval to build one more 52-story tower on the site, with 345 units.  The newest tower will likely retain the exterior Arquitectonica design…

Thor Equities buying big in Wynwood: nearly a square block for $29M

New York-based Thor Equities has signed a contract to pay $29 million for nearly a square city block in Miami’s hot Wynwood neighborhood, The Real Deal has learned. The property, at 2801 Northwest Third Avenue, includes seven parcels that occupy the majority of the space between Northwest 28th Street and Northwest 29th Street…

El Portal trailer park residents sue to stop wrecking ball

Barbara Falkinburg is suing El Portal and the new owner of the Little Farm Trailer Park to stop the demolition of her mobile home.  Three residents of the Little Farm Trailer Park in El Portal are suing the village, as well as the property’s previous and current owners, to stop the demolition…

Under-the-radar players

Amenities at The Crimson will include a large swimming pool, landscaped sundeck, gym and a business center.
South Florida has a wealth of prominent real estate developers and other industry professionals whose names frequently surface in headlines, and sometimes on buildings. Yet other, lesser-known…

Paramount Miami Worldcenter’s sales gallery to make its debut

Inside Paramount Miami Worldcenter’s new sales gallery, 3-D videos pop on a 36-screen wall, creating a backdrop for a huge scale model that arrived this week from Mexico. Outside, a disco ball…

Espirito Santo Plaza on Brickell for sale

Developer plans live/work lofts and boat storage project on Miami River

A group of developers is preparing a plan for live/work loft units and a boat storage facility with a marina along the Miami River.  Chapman Ducote, the managing member of the development group, said he’s planning two buildings at 600 N.W. Seventh Ave. One would be a dry stack for boat storage attached to a high-end marina.

Will This New Condo Trend Take Off?

Some developers are doing away with studios and one-bedroom floor plans. Is it legal? And who’s buying?…

Starwood Hotels Giving Activists Reason to Check in

Starwood owns high-end hotel chains such as W and Westin, but analysts say it would benefit from some lower-cost hotel brands to keep up with rivals.

Beyond condos: 13th Floor aims for diverse approach to development

Miami-based 13th Floor Investments is mostly known for condo development, but its portfolio reflects diverse projects.  The firm jumped into the high-end condo tower business with 100 Brickell and 400 Sunny Isles, and it also has the smaller-scale Sereno condo in Bay Harbor Islands. It’s building single-family homes in Tamarac…

Mixed-Use Development is Going North of the Design District

Just north of the rapidly densifying Design District, the historic Buena Vista neighborhood, is getting a mid-rise, mixed-use residential development to add to its mix of mostly single family houses on tree-lined streets. Along with SLH Investment Group, Groupe Terrot and UPSIDE Investments, Metro…

Tommy Hilfiger’s Raleigh Hotel Private Club Officially a Go

The City of Miami Beach has officially approved Tommy Hilfiger’s plans to revamp the Raleigh Hotel, which are being designed by Touzet Studio.  The historic main structure will, of course, be preserved, with extensive renovations focused on the hotel’s cocktail bar and a…

Miami City Commissioners discussed a congestion toll…

Miami City Commissioners discussed a congestion toll, which is basically charging cars to enter a city center to alleviate gridlock and encourage mass transit use, at the last city commission meeting. Most of the discussion was centered around the perpetually backed-up US-1 south of Downtown, which…

NAI Miami Represents Landlord In 10-Year Lease At Campbell Plaza Outparcel In Homestead

The deal was negotiated by Spencer Young, Jeremy Larkin and Joseph Gallaher.

Residential market strong in Miami: report

Residential sales in Miami are up significantly, according to Douglas Elliman’s first quarter report released today.
The average sales price increased on a year-to-year basis by nearly 25 percent, to $393,343, and the percentage of closed sales increased by 12.6 percent, to 4,344…

Photos from Fendi Chateau’s Miami Open lounge

A number of tennis players and celebrities stopped in at Chateau Group’s lounge at the Miami Open tennis tournament during its two-week run. The developer was a sponsor of the tournament, and…

Broward retail center sells for $10.5M

The Shoppes of Hillsboro, a 61,165 square-foot retail center in Deerfield Beach, has sold for $10.5 million.
Marcus & Millichap’s Douglas K. Mandel, first vice president of investments, and Barry M. Wolfe, vice president of investments, both with the firm’s Fort…

South Florida by the numbers: Focus on Miami’s Health District

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.  Very quietly, the emergence of the Miami Health District has become one of South Florida’s m…

BB&T sells 14-acre office site in Fort Lauderdale for $21M

Burger & Beer, Sushi Siam among CityPlace Doral restaurants

CityPlace Doral, a massive mixed-use project in the city known for its industrial warehouses and suburban communities, announced its retailers recently.  Pie Bar, Salsa Fiesta, Kings bowling alley, Mixtura, Angelo, Tommy Bahama-Island, Cooper’s Hawk, Burger & Beer…

GE’s $23B deal with Blackstone took just three weeks: Jon Gray

From the New York website: If you think the $23 billion price tag the Blackstone Group paid for most of General Electric’s real estate assets is an impressive figure, try this one on for size: three.  That’s the number of weeks the private equity…

Are Brazilians Still Buying or Not?

Peggy Fucci, CEO of OneWorld Properties and Fernando de Nunez y Lugones, executive vice president of ONE Sotheby’s International Realty’s development division give GlobeSt.com their thoughts in this exclusive story…

FPL’S Nuclear Expansion Plan Could Ruin the Underline

Biking along a tranquil, green path in South Miami sounds pretty enjoyable. Next to a series of massive, ten-story nuclear power transmission lines? Not so much.  That’s a real possibility facing the Underline, a project to transform the underutilized land below Miami’s Metrorail from the Miami River to the Dadeland South Station…

Millennials needed to uplift housing market, and other insights from Fannie Mae’s chief economist

Fannie Mae Senior Chief Economist Doug Duncan told a Fort Lauderdale audience that the millennial generation has been lagging behind in home ownership and their participation is crucial to uplift the housing…

The American “Wet” Dream Mall Miami Project. What do CEO’s in Miami Think?

What do Miami Dade County CEO’s think of the new American Wet Dream Mall proposed for the Miami Dade County/Broward line? A portion of our public land was just approved in the State Legislature to be given to that zany Persian-Canadian family — the Ghermezian — who are going to put submarines in…

Downtown condo rents may have peaked

Brokers say condo rental rates in Brickell and downtown are largely the same as six months ago and expect they will remain so or even trend down a bit as new units come on line.  The market is strong with a high concentration of young professionals ages 30 to 40 renting in this part of the city, said Jonathan Garcia, broker for ONE Sotheby’s International Realty.

Starchitecture Watch: A Slightly Closer Look at Rafael Viñoly’s Miami River Tower(s)

Plans for starchitect Rafael Viñoly’s Miami River tower have been officially submitted to the City of Miami Planning Department by the developer, Kar Properties, reports the Next MIami. The design is basically two rectangular towers placed at ninety degree angles to each other and…

Construction Continues On Island Gardens, The Only Super-Yacht Marina In North America

Despite lawsuits by opponents of the project, construction is proceeding on the Island Gardens super-yacht marina on Watson Island.  In a press release last week, Technomarine USA, a marina construction company, said that it had been awarded a $12 million contract to build the marina. The total construction cost of the marina is estimated…

Latin American buyers pick up West Grove site for 10x last sale price

Sleeping Around: Miami is the Heart of the Funky ‘Lifestyle Motel’ Craze

Two of Miami’s restored mid-century mod motels on Biscayne Boulevard, The Vagabond Motel and The New Yorker Boutique Hotel, are prime examples of the “emerging lifestyle motel segment…for consumers seeking vintage style, indie personality, low rates and close…

Nothin’ but net: The big new Nike Store…

The big new Nike Store planned for Lincoln Road just received anonymous approval by the Miami Beach Historic Preservation Board, rooftop basketball court and all. Designed by Touzet Studio, the front of the facade will be sheathed in a concrete screen – not metallic mesh, like we previously thought…

Construction Watch: Downtown Miami’s 36-story Met 3 Residential Tower Tops Off

Met 3, a.k.a. Monarc at Met 3, a.k.a. that 32-story residential rental tower being built on top of the already-open Whole Foods Market in Downtown Miami, has topped off, according to its general contractor, Suffolk Construction. So, if a Downtown yuppie on her way to buy some fresh kale were to…

Theme park sets sights on Coast Guard land

County officials are studying sites where US Coast Guard operations could move to make way for a theme park in South Miami-Dade.  “We have a lot of work to do to come up with the best strategies for addressing the Coast Guard’s needs,” Senior Advisor to the Mayor Michael Spring said.

11 new downtown hotels will nearly double rooms

If all are built as planned, 11 new hotels going up in Miami’s central business district over the next three years will nearly double the number of hotel rooms – from the current 3,632 to 6,640.  Of these, the largest, and also furthest out from delivery, is the Marriott Marquis adjacent to the Miami Worldcenter complex in the Park West district.

Thor Equities buying big in Wynwood: nearly a square block for $29M

Tiger Woods will move his headquarters to Jupiter

Famous and infamous golf superstar Tiger Woods is reportedly opening his international headquarters in Jupiter this summer.  Woods signed a lease for his company, Tiger Woods Design, at the Harbourside Place entertainment complex, a publication reported.  The company…

Jugofresh to make a splash in Coral Gables

Jugofresh, the local juice, smoothie and vegan foods brand, is opening its Coral Gables store in early May.
The 975-square-foot shop is at 2516 Ponce de Leon Boulevard is the sixth jugofresh, according to a press release.  Other locations include Sunset Harbour, South…

Miami Beach’s Raleigh Hotel set to begin renovations

Homebuilder exec nabs 14-acre site along Okeechobee Boulevard

A company tied to an Ansca Homes executive paid $7.2 million for a 14-acre vacant site in West Palm Beach, The Real Deal has learned.  Ansca’s Charles M. Scardina Jr. acquired the site, which is next door to Land Rover Palm Beach…

State OKs land deal for American Dream mega-mall

Developer Triple Five’s dream of bringing the largest mall in the nation to Miami is one step closer to being reality.
Gov. Rick Scott and the four-member Cabinet voted unanimously on Tuesday to approve the deal, which would allow the developer to purchase…

Miami Beach Nike goes retro Deco

It’s not every day that the Miami Beach Historic Preservation Board endorses the demolition of a building on the city’s pedestrian-only retail juggernaut, Lincoln Road, but Nike is not your average retailer.  Nike’s plans to demolish…

Could Hollywood be the Next South Beach Destination?

In the new wave of condo development, we’re seeing some interesting twists. One developer is looking to push Hollywood to South Beach entertainment status….

Newgard Still Betting on Foreign Condo Buyers

Despite fewer Latin America buyers, Newgard is betting international investors will still take interest in its latest condo project….

Developer proposes 32-story condo in Fort Lauderdale

A developer wants to build a 32-story condo tower near downtown Fort Lauderdale.  Third Avenue Development, an affiliate of Sunny Isles Beach-based Taho Group, proposed constructing 217 condos and 3,200 square feet of restaurant space at 401 N.E. 3rd Ave., which is just north of downtown and west of the Flagler Village area.

CRE Prices Continue Advance Across More Markets and Building Types

Continuing the broad recovery across all property types and throughout most U.S. markets, commercial real estate prices again moved upward in February, reflecting solid occupier demand as well as widening investor interest in smaller properties outside the largest U.S. metros.

Sovereign Wealth Funds Continue to Ramp Up Property Allocations

The proportion of global sovereign wealth funds (SWFs) allocating capital to commercial real estate rose from 54% in 2013 to 59% last year, despite the fall in price of oil, a major capital source for funds in the Middle East, Asia and Europe, according to a new report by London-based Prequin.

Wells Fargo Is King of the Hill in CRE Lending Playground

Wells Fargo & Co. escorted one of its bigger competitors out of the $400 billion U.S. commercial real estate lending market this past week after the San Francisco-based bank and The Blackstone Group teamed up to purchase most of the assets of GE Capital Real Estate in a global transaction valued at $23 billion.

Keyes Commercial Real Estate

American Dreamin’: The biggest mall in America…

The biggest mall in America is one step closer to being built way out in Miami Lakes. Governor Rick Scott and his cabinet have unanimously approved the sale of 82 acres of state lands to Triple Five, the developer who plans to build the 200 acre American Dream Miami megamall, complete with indoor ski…

Revenge of the megaprojects: The developer of the megaproject around Galleria Mall…

The developer of the megaproject that will surround and connect to Fort Lauderdale’s Galleria Mall is presenting revised and scaled down plans today for the seven tower project which will now have “1,250 residential units, 163 hotel rooms, 105,796 square feet of office space, 51,345 square feet of…

Construction Watch: Rem Koolhaas’ Faena Forum Arts Center Begins to Take Shape

Curbed reader Ramon Garcia sent in these photos of construction at the Faena Forum arts center in Miami Beach, showing the progress that has been made so far on the structure, designed by Rem Koolhaas/the Office for Metropolitan Architecture. The distinctive form of the…

Miami River property rescued from foreclosure by race car driver

Miami Rescue Mission lists part of Wynwood land for sale

Preservation Watch: Exploring the Painstaking Restoration of the Venetian Pool

SunTrust building in downtown Miami completes $15M revamp

With Algorithms Buying Homes, What Could Go Wrong?

The Wall Street Journal reports that big players in the real estate industry have started to embrace quantitative data analysis and mathematical modeling, utilizing algorithms to evaluate how homes are scouted and purchased. For instance, Blackstone Group’s…

Development Update: Roman & Williams Hired for Chetrit’s Giant Miami River Project

Miami’s Urban Development Review Board will meet tomorrow to vote on updated designs for the Chetrit Group and JDS Development Group’s massive Miami River development, which is still going by the hyper-generic working title ‘Miami Riverwalk’, or something. The Next Miami took some cellphone snaps…

Why the Strong Dollar May Not Hurt Miami CRE

Anita Funtek, CEO of Miami New Construction Show, has some strong opinions about the area’s condo market. Do you agree with…

Coral Gables Rises on Investor’s Radar Screen

“There is wealth of opportunity for both office and retail tenants looking for a centralized location and access to a strong consumer base in Coral Gables.”

Obama to Remove Cuba from State Sponsor of Terror List

President Barack Obama will remove Cuba from the list of state sponsors of terrorism, the White House announced, a key step in his bid to normalize relations between the two countries.

Attorney Closes 1031 Exchange With Doral Acquisition

Manny Vadillo represented the seller of a Doral office building in a $23.5 million transaction…

Block in Downtown Miami Up for Grabs

A retail parcel spanning an entire block in downtown Miami on Flagler Street, a block west of Biscayne Boulevard, just hit the market.

Here Is Why Rent Will Probably Rise Again This Year

Living in an apartment? Expectrent to go up again.  Here is why…