Downtown Miami at Dusk

American Dream Mall: Urbanists, predictably, aren’t very happy

Urbanists, predictably, aren’t very happy with the announcement that the country’s biggest mall, American Dream Miami, is coming to Miami. However, it has prompted an admission of sorts that shopping malls aren’t actually a dying building typology but are in fact thriving, despite the oft-repeated …

South Florida Office Market Tightens On Limited Construction

Lenders have little appetite for the office sector now that residential projects are selling at a record pace and multifamily units across the region are trading at prices 14 percent to 27 percent above 2012 levels.

Miami commission approves $5.5M for Tri-Rail’s downtown project

Miami’s City Commission on Thursday approved a measure that would commit the city to spend a minimum of $5.5 million to link Tri-Rail commuter trains between North Miami and a new privately financed rail hub in downtown Miami.  The vote came after Miami Mayor…

Mexican investors to open Hallandale Beach bowling alley

A private group of Mexican investors is gearing up to open their first bowling alley in South Florida: Strike 10 in the Village of Gulfstream Park.  The bowling alley will be housed in a newly constructed 15,000-square-foot building and is set to have…

Brilliant App Reveals What Your Exact Location Looked Like in the Past

Many recent multimedia projects have tried to present a “then and now” look at different cities by mashing up current images of buildings and streetscapes with historical visuals like old film footage, 18th-century paintings, or classic album covers. Now, an app called Pivot…

‘Sky’s the limit’ in South Beach

By all accounts, South Beach is teeming with tourists, shoppers and happily-situated condo owners from all over the world, but the robust economy in this part of Miami also brings traffic, crowds and rising prices that don’t suit everyone’s needs.

Are Rising Rents Causing CBD Tenants to Scatter?

JLL’s Donald Cartwright tells GlobeSt.com’s Jennifer LeClaire what he sees companies basing locational decisions on–and what role rising rental rates play….

How Rental Rates Impact Renewals

There are a whole lot of office space renewals going on in South Florida and beyond. JLL’s Donald Cartwright tells GlobeSt.com’s Jennifer LeClaire how rental rates are impacting renewals…

Design District expands north

Miami’s Design District continues to grow its drawing appeal and now its boundaries.  City commissioners recently gave final approval to three zoning matters that green light expansion of the Design District to the north

Who Claims What Property Seized in Cuba? Fact and Figures

Soon after Fidel Castro came to power, his government seized the refineries, hotels and sugar plantations that were the most visible signs of the American hold on the island’s economy.

Mayor Regalado Opposes Miami Grand Central Station’s Tri-Rail Coastal Link

You’ve heard the buzz. All Aboard Florida (AAF) is coming, and along with it – the game-changing MiamiCentral station, destined to revitalize our beloved downtown. However, our esteemed Mayor Tomas Regalado seems intent on throwing a wrench in the plans. One of the most promising aspects…

Miami Downtown Development authority’s ‘Santa list’

Spurred by a report that the City of Miami is in the process of initiating a general obligation bond issue, directors of Miami’s Downtown Development Authority drew up a wish list of projects they would like to see at least partially funded.

Miami Downtown Commercial Buildings at Night

ZOM Developing 391-Unit Met Square As Rental Apartments

Apartment developer ZOM will develop the second phase of downtown Miami’s Met Square as a 391-unit apartment building, TNM has learned.  This would be the third major project for ZOM in the downtown area. In total, ZOM will have 1,291 rental apartments in the pipeline for downtown Miami.

Biscayne Green is a Big Step Toward Miami’s Walkable Future

The Atlantic’s City Lab, which is headed by that part-time Miamian and full-time urbanist Richard Florida, raves about the Miami Downtown Development Authority’s plan to turn the stretch of Biscayne Boulevard from SE 1st Street to NE 5th into a ‘Biscayne Green’, saying it’s a huge…

Construction Watch: Golden Dusk Photography got out…

Golden Dusk Photography got out their drone and did a fly by over the construction at the new Ritz-Carlton Residences Miami Beach. The project is mid-way through its radical conversion of an old hospital into a fabulously opulent Ritz-Carlton. Do have a peek…

Railroading: Will Somebody, Anybody, Please Fund Tri-Rail Downtown

Tri-Rail could come to Downtown Miami (downtown Miami zip code 33132 demographics and economic data), an essential element of Miami and South Florida’s transportation future, if somebody, anybody (come on, we’re desperate here!) ponies up the cash to pay for Tri-Rail’s portion of All Aboard Florida’s Downtown Miami station. Funding has to be secured in less…

CMBS, Shadow Lending: Where The CRE Money Is

Shahram Siddiqui, a partner at Berger Singerman, discusses the benefits and drawbacks of tapping two distinctly separate and different sources of capital.

Game, set, match: Paramount Miami Worldcenter unveils tennis courts

Lobbing on the Miami Open, Paramount Miami Worldcenter on Wednesday unveiled a rendering of its purple planned tennis courts — the same color as at the Crandon Park tournament now underway on Key Biscayne.
The two hard-court…

Photos of Panorama Tower concrete pour

Construction workers broke Florida records on Saturday when they undertook the largest concrete pour in state history. The workers were forming the foundation of Panorama Tower, an upcoming mixed-use project…

Holdout condo owners could get more for their units

Two bills in the Florida House of Representatives and Senate could close a legal loophole that had some condo owners selling their units for under their original purchase price.  The bills targets bulk buyers of condo complexes who seek to convert the buildings into apartments.

Compson Associates releases plans for Boca Raton condos

A Boca Raton-based developer has announced plans to build a 170-unit condominium tower in its hometown.
Tower 155 will be adjacent to Mizner Park in the city’s downtown area. It is being developed by Compson Associates, which also built the mixed-use…

Q&A with Robert Hill of the InterContinental Miami

Developer launches sales for AquaBlu in Fort Lauderdale

Four days after breaking ground on AquaLuna, developer Ocean Land Investments has launched sales at another of its condominium projects in East Las Olas — AquaBlu.  The 17-story building will house 35 units ranging in size from 2,136 square feet to 4,295 square feet and…

West Brickell Reemerging on Multi-Family Scene

Public Art Preservation: Google has added the murals of Wynwood…

Google has added the murals of Wynwood to the Google Art Project’s Street Art Collection. Only a few murals have been added so far, but using their Street View technology, art lovers everywhere will hopefully soon be able to explore a broad catalogue of Wynwood’s preserved visual culture, with audio…

Brickell Office of Keyes Commercial Real Estate

Fun with urban planning: Miami Beach Really Wants to Revamp Washington Avenue

A push to initiate an urban transformation for Washington Avenue is in the works. Interested parties are voicing their concerns to end the widely used avenue’s fall into what many consider to be disrepair and tawdriness, with its tacky tourist t-shirt shops and a…

Sleeping Around: After its mucho mucho renovation,…

After its mucho mucho renovation, and the inevitable delays, the 1 Hotel & Homes South Beach will open for business tomorrow, with some local dignitaries on hand and an ‘unveiling’ of the hotel’s “1” coral stone sculpture (which has been visible for weeks by anyone passing by). The interiors, so…

Railroading: Finally, Tri-Rail Coming to the MIC “In The Coming Weeks”

Well folks, it’s been years, and finally Tri-Rail will be coming to the ‘Miami Central Station’ portion of the Miami Intermodal Center “in the coming weeks” tweets Tri-Rail, marking the completion of the transit hub. This will give Tri-Rail users direct access to Miami…

Wynwood Land Sells For $15M — A Fivefold Increase In Three Years

New stores to open at the Colonnade Outlets at Sawgrass Mills

Several first-in-market outlet stores will soon open at the Colonnade Outlets at Sawgrass Mills, as the Sunrise shopping center continues its expansion.  Sawgrass Mills, which has more than 350 stores and restaurants, said new to market outlet locations to open include Ted Baker…

New York-based investors buy another property in red-hot Wynwood

100 new condo towers now under construction in South Florida

Some four years into this current real estate cycle, developers now have at least 100 new condo towers under construction east of I-95 in the tri-county South Florida region.  The 100 towers categorized as under construction are slated to result in more…

Corcoran sues Compass for “brazenly” raiding its talent pool

From the New York website: The Corcoran Group, which has been hemorrhaging agents to startup brokerage Compass in recent months, slammed the rival brokerage with a lawsuit alleging it “brazenly and intentionally” r…

H&M to open in Boynton Beach Mall

Popular fashion retailer H&M is gearing up to open a store at the Boynton Beach Mall.  The 19,000-square-foot location will open this fall and include subsections for maternity, lingerie, sports apparel and a plus-size line of clothing, a publication reported.  The mall…

LeFrak, Starwood’s 1 Hotel South Beach to open Wednesday

1 Hotel, the 426-room joint venture between Starwood Capital Group’s Barry Sternlicht and developer Richard LeFrak, opens Wednesday.  Developers, Miami Beach Mayor Philip Levine and celebrity restaurateur Tom Colicchio will attend the opening, which will…

Interest rates rising? Better refinance now, developers say

Amid uncertainty about the Federal Reserve’s timetable for raising interest rates, the first three months of 2015 has seen a flurry of refinancing deals involving some signature projects in Miami-Dade County.  In January, Agave…

Sunny Isles Condo Wins $137M Construction Loan

“Many condo projects are in the planning stages in Miami but not all of them will be able to secure construction financing,” attorney Luis Flores tells….

Office Guide 2015

They’re already trophy buildings, but some of South Florida’s Class A office towers are getting mulitimillion-dollar upgrades as investors compete for wealthy tenants. Plus, the South Florida office market is tightening and Brickell construction sets the bar high.     …

Chinese Drywall Found in 25 Condos at 500 Brickell

Mekka Nightclub Cloing: WMC, WorldCenter Construction to Blame

Mekka, the long-standing Park West nightclub, will close its doors after Winter Music Conference 2015. Owner Michael Slyder confirmed the news to New Times this morning via email, saying, “Our landlord, Miami Worldcenter, is set to begin construction in April or May, and our building, along with many others, will be demolished.”

JLL Named to Fortune Magazine’s 2015 Most Admired Companies List

JLL has been named to FORTUNE magazine’s 2015 Most Admired Companies list. FORTUNE and global management consulting firm Hay Group survey top executives, directors and financial analysts each year to compile the list of companies that enjoy the strongest reputations within and across…

Braman Motor Cars seeks approval for Porsche, Bentley dealership in West Palm Beach

Braman Motor Cars has applied to redevelop a 10.58-acre site into a dealership with five buildings and multiple brands including Audi, Porsche, Bentley, Rolls-Royce and Mini.

View on Google

Above is a map of commercial properties – with links to information pages for each – presumed to be sharing zip code 33018 (commercial properties within) one day with American Dream Miami, the proposed mega-mall in northwest Miami-Dade county.

We have assembled a set of articles and resources related to American Dream Miami, the mega mall, theme park, and entertainment complex proposed for Miami Lakes.  Some of these articles go back to early reporting of the story, while others cover the developer’s clearing of its initial hurdle with a vote in favor by the county.

Commutes to Proposed American Dream Miami Mega Mall & Theme Park

Given the ability of a mall and entertainment complex as significant as the proposed American Dream Miami to draw people to it, we thought it might be worthwhile to take a look at how long it takes to get to the proposed location from key locations. The locations highlighted below consist of population centers, tourist destinations…

Dade School Board Cancels Lease, Paving Way For Mega Mall (with video)

With one unanimous vote, Miami-Dade school board members brought the proposed “American Dream Miami” mall closer to reality Wednesday.

American Dream Miami megamall aims to defy fate of others

You can find them by the grim score on the Internet, photos of broken, abandoned shopping malls: trees growing up through cracks in the floor, toppled ceiling panels scattered like shattered teeth, empty and unlit corridors stretching out to nowhere.

American Dream Miami mega mall clears School Board

The Miami-Dade School Board approved the release of a lease hold on about half of a state property that is now in a…

American Dreams Megamall Clears First Hurdle in County Commission

Though many residents remain skeptical, the Miami-Dade County Commission overwhelming welcomed the plan to build North America’s largest mall complex in Northeast Miami-Dade. The commission took its first official vote on a land deal at today’s meeting and approved it in a 10-2 vote.

PDF of Ordinance Approving Purchase & Sale of 82 Acres

Here is the ordinance itself approving purchase and sales of 82 acres, and more…

Commissioners, School Board Approve Land Deal That Would Enable Megamall To Be Built

Dade commissioners approved a deal yesterday to buy 82 acres near Miami Lakes from the state and then sell it to developer Triple Five for $12 million.  Dade’s school board also approved the deal at a meeting today.

Commissioners vote in favor of building country’s largest mall in Miami-Dade (with video)

Plans to build the country’s largest mall and entertainment complex in northwest Miami-Dade County passed the first land vote Tuesday.Miami-Dade County commissioners voted 11-2 to act as broker for 80 acres of state-owned land being purchased by Triple Five, the developer of what will be called the “American Dream” mall.

Largest Mall In America Will Also Include Residential And Hotel Units

American Dream Miami, the mega-mall proposed west of Miami Lakes, will also include a residential and hotel component.  Developer Triple Five, which built the Mall of America in Minnesota, released renderings and plans which show at least two luxury hotel buildings, along with condominiums…

Miami-Dade Mega Mall Proposal Wins Approval For Land Deal (with video)

A developer’s plan to build the nation’s largest mega-mall in west Miami-Dade faced its first hurdle Tuesday.
Miami-Dade Commissioners approved just a small step toward the mammoth mega-mall.

Miami-Dade votes to accelerate $19.6M mega-mall land deal

The Miami-Dade Board of County Commissioners voted 11-2 Tuesday to help speed along a $19.6 million land deal for a proposed mega-mall and theme park in the northwest part of the county.

5 Astounding Things About America’s Biggest Mall Planned in Miami

There will be hundreds of stores and an indoor ski slope. More surprising is the possibility of sea lion shows, submarine rides, and which group will likely be the most important customer base.

South Florida Could Be Home To World’s Largest Mall, Entertainment Complex

South Florida could be hometo the largest mall in America.  CBS4 News partner The Miami Herald reports Triple Five, the company that owns and runs Minnesota’s Mall of America, wants to build a massive, retail theme park in Northwest Miami-Dade.

Proposal submitted for world’s largest mall in Miami

The largest shopping mall in the country currently resides in Minnesota, but developers are looking to South Florida to unseat that mall.

Developer Announces Plan To Build Nation’s Largest Mall And Theme Park In Miami

Developer Triple Five is proposing to build a mall near Miami Lakes that could be the largest in the U.S. In addition to the mall, the project would include a theme park with simulated ski slopes, an ice skating rink, a legoland, submarine rides and sea lions. It would cost as much as $4 billion to build.

Developer of Miami-Dade mega-mall closes land deal

Triple Five Group closed on the purchase of 82 acres in northwest Miami-Dade County as the first piece in its plan to build the largest mall and theme park in North America.  Miami-Dade County sold the land near the southwest corner of Interstate 75 and the Florida Turnpike for $12.3 million to International Atlantic LLC…

Swire Trying To Sell Brickell Condos In Hong Kong, Opens Sales Center

Swire Properties opened a sales center this week in Hong Kong for the 390-unit RISE condo tower at Brickell City Centre.  Since launching sales of REACH in Miami last November, the developers have sold 65 units, or an average of one unit every other day. At the first tower, RISE, 304 of 390 units have been sold…

$136M Construction Loan Approved for Sunny Isles Condo Complex

Arnstein & Lehr works the $136.5 million financing for the 320-unit Parque Towers, which received funding from Wells Fargo…

Reaching for it: Brickell City Centre’s condo tower…

Brickell City Centre’s condo tower number two, called Reach Brickell City Centre (the other one’s called Rise, which is clever) has just topped off. Like its sibling, it is 43 stories and will have 390 units, 80% of which are already sold out…

Bend it like Beckham: MLS Commissioner Don Garber dropped…

MLS Commissioner Don Garber dropped a tantalizing update on the status of David Beckham’s Miami soccer team, saying that things are on track and new developments could come “in a couple weeks”, when he visits Miami. He didn’t say whether this includes a new stadium announcement for Team Beckham, but…

Dead Malls: The new owner of Plantation’s Fashion Mall…

The new owner of Plantation’s shuttered Fashion Mall, Art Falcone (who is also, coincidentally, one of the developers of Miami Worldcenter) plans to knock the place down and redevelop it as a Mary Brickell Village-style ‘outdoor lifestyle center’. The mall, which opened in the late 80s and was…

Why Miami Offers Attractive Opportunities to Chinese Investors

More so than ever, wealthy Chinese investors are actively seeking returns abroad when it comes to real estate investments. China’s 2014 GDP growth of 7.4% was the slowest since 1990 and China’s growth outlook is gloomy due to its impending real estate bubble. Chinese developers…

Duke Building Spec Office in Broward

The spec office building is rising at a time when Marcus & Millichap reports an upswing in office property operations in South Florida….

TD Bank Makes Huge CRE Lending Expansion

“We see the strength and growth potential of Florida’s commercial real estate market, and we’re excited to expand our presence in the region with the addition of these talented individuals,” says Gregg Gerken, head of TD Bank’s Commercial Real Estate business….

Is Multifamily a Better Bet Than Condos?

Condos are going up left and right in Greater Downtown Miami–and in other parts of South Florida. But is multifamily a better bet…

Slideshow of Panorama Tower: The Largest Single Foundation Concrete Pour in Florida History

Pictures of this record setting concrete pour…

You Can’t Build That! Island Gardens Opponent Claims the Watson Island Project is Illegal

A longtime opponent of the Island Gardens project proposed for Miami’s Watson Island claims he has found a “smoking gun” in city records that show the development is illegal…

Dockominium planned in Fort Lauderdale

One of the first “dockominium” projects – a covered boat slip condo – since the end of the recession has been proposed in South Florida.  Alabama-based Battle Plan Capital announced…

Panorama Tower Foundation Pour This Weekend: Up To 30 Hours, 1,500 Loads Of Concrete And 62 Cops

Get ready for heavy traffic around the Panorama Tower project at 1101 Brickell this weekend.  Starting on Friday night at 10 p.m., crews will begin a concrete pour that developers say is the largest in Florida history. Some statistics for the pour…

Fishing Hall of Fame, Museum to bid farewell to Dania Beach

Planned River Village Tower(s) Designed by Raphael Viñoly

The one or two towers (depending on what you think of the bridge linking the tops) planned for the spot on the Miami River between the Ivy, Wind, and Mint towers is (are?) being designed by starchitect Raphael Viñoly, says The Next Miami. The Next Miami also does not appear to be a fan of Viñoly’s work…

Keyes Commercial Realty Offices

The Next Big Nabe: Is the Health District Miami’s…

Is the Health District Miami’s next big neighborhood? It’s getting an influx of money and development, including River Landing, it’s squished between a few other areas primed for a rebound, like Little Havana and the Miami River, and the Health District is a huge job center with…

Growing condo supply worth monitoring in Aventura, Sunny Isles Beach

A luxury condo builder has sold off a “prime” development site in Aventura. How is the Aventura condo market doing at this time?  Aventura is a 20-year-old city with more than 37,000 residents that is best known for a megamall, a golf resort and some…

Falcone plans to knock down Fashion Mall, add resi, office, retail and restaurants

The new owner of the vacant Fashion Mall in Plantation plans to redevelop it as a mixed-use property with residential units, office space, shops and restaurants, The Real Deal has learned.  “Today’s demographics are looking for what we call a li…”

Banker’s Row buildings to head to foreclosure auction

Two office buildings on Banker’s Row in Palm Beach are reportedly set to be auctioned off online. FJK Properties and FJK III Properties lost a nearly $11 million foreclosure judgment, according to a published report, against…

Law firm renews 24K sf lease at Miami Center

Law firm Hughes Hubbard & Reed renewed its lease at Miami Center, Crocker Partners announced Friday.  The 10-year lease renewal includes 24,000 square feet on the entire 25th floor of the tower in downtown Miami.

New York investor buys Pompano Beach shopping center for $46M

Bankruptcy judge approves $37.7M sale of Fashion Mall

Judge John K. Olson today approved a $37.7 million sale of the vacant Fashion Mall in Plantation to an entity affiliated with Encore Housing Opportunity Fund, which made the winning bid in a bankruptcy auction Thursday.
“The trustee is pleased for the…”

Bankruptcy Judge Bashes Duane Morris

Judge John Olson was upset about a draft order submitted by the firm to decide a motion rather than grant a continuance in a long running real estate fight over Plantation’s Fashion Mall…

Three big projects proposed in Palm Beach County

Three significant development projects have been submitted in the unincorporated region of Palm Beach County in recent weeks.  The two residential and one commercial project are being considered by the county’s planning…

WSJ: The Race to the $100 Million Spec House

When Shelly and Avi Osadon set out to build their dream house on a hillside lot in Beverly Hills, Calif., they commissioned a custom chandelier with 25 handblown glass balls for the entryway. They installed $5,000 “hands-free” toilets with heated seats in most of the home’s 10 bathrooms…

Strong Year Ahead for South Florida’s Commercial Real Estate Market

JLL took the pulse of South Florida’s commercial real estate market at its inaugural Pulse360 event this month in Miami, where institutional property owners, lenders, developers and top CRE brokers gathered for a panel discussion to shed light on key trends to watch in the local real estate…neighborhood or budget. Find them this…

More Renderings Appear of Isay Weinfeld’s New Shore Club

Four new renderings of the redesigned Shore Club, including the exterior, the tower, and the rear pool areas, have come out on SFBJ, which announced that ADD Inc. is the architect, complete with self-congratulating quotes all about the firm’s vision that read just like a press release, and making…

Planned River Village Tower(s) Designed by Raphael Viñoly

The one or two towers (depending on what you think of the bridge linking the tops) planned for the spot on the Miami River between the Ivy, Wind, and Mint towers is (are?) being designed by starchitect Raphael Viñoly, says The Next Miami. The Next Miami also does not appear to be a fan of…

Ancient History Lessons,: Another Old-as-Bones Spanish Building Has Come to Miami

The new Design District boutique for Loewe, a Spanish clothing brand that isn’t a hotel, or a movie theater, or a hardware store, or anything else with a variation on that damn name, has something really quite special reconstructed inside it: an authentic 18th granary from Spain. Called a…

Brazilian Billions: In the international arms race…

In the international arms race of ‘Hey let’s see who can blow the most cash on Miami condos’, Brazilians, famed for their waxes, butt lifts, and other things that use the words Brazilian as a prefix, are back on top, baby. Columbians are second, Russians are third, and Venezuelans…

National Commercial Real Estate News Roundup For March 20, 2015

Crowdfunding for RE crosses the multiple billions milestone, the biggest ocean brings the biggest bucks, and e-commerce faces big box problems – it’s all here in the Commercial Real Estate News Roundup for March 20, 2015.

Keeping an Eye on Coconut Grove’s Regatta Park Developments

A city planner, with the City of Miami, has told me to be vigilant about Regatta Park. I wrote a year ago that the park is contaminated, which seems to be the case with every park in the City of Miami. He says that developers have their eyes on the park…

South Beach Building Famous for Scarface Chainsaw Scene Sells for $12.4 Million

SLS Brickell Hotel & Residences Construction Photo Update

Earlier today, I showed a client a number of east-facing units at Infinity at Brickell. This gave me the perfect opportunity to check in on the progress being made to SLS Brickell Hotel & Residences. As of today, construction had reached…

Inland’s Dan Goodwin: 1031 Exchanges Are No Loophole

Namely, that efforts to clean up the federal tax code of unwanted loopholes should leave in place like-kind exchanges as provided under IRS Section 1031 – a favorite topic of our industry…

Considering Retail Property Around Proposed Miami-Dade Mega Mall & Theme Park American Dream Miami

American Dream Miami is a newly proposed mega mall and entertainment complex. If it comes to pass, it will be the largest mall in the United States. Although there are clearly countless regulatory, zoning, environmental and other hurdles it has to clear to be approved, out of the gate this 200 acre retail theme park has nice momentum.

Miami Among Top Global Cities For The Ultra-Wealthy To “Work And Play”

Knight Frank’s annual Wealth Report identified Miami as one of the most important cities in the world for the über-rich…

Site in the Arts and Entertainment District listed for $24M

AquaLuna breaks ground in Broward County

A Fort Lauderdale-based developer has just broken ground on its newest project: the AquaLuna condominiums in East Las Olas.  With four units left from the building’s planned 16 residences, Ocean Land Investments has started construction on its second waterfront condominium…

The Evolution of the Miami River District

The neighborhood’s residential and retail projects are rising. River Landing Development’s CEO tells GlobeSt.com how his project fits into the rising district…

Why Foreign Banks Love Miami

“Since opening its first branch in Miami at 800 Brickell in May 2013, Banco do Brasil Americas has been rapidly expanding,” says Banco do Brasil Americas CEO Cassio Segura….

Is Miami’s Health District Next Big Thing?

Miami’s Health District is seeing an influx of private and public investment for the first time in decades. I turned to one developer to find out why…

Here’s What $2 Billion Buys You in South Florida Hotels

Pennsylvania-based American Realty Capital Properties scoops up a portfolio of South Florida hotels worth over $100 million as part of the $1.93 billion deal with financial giant Goldman Sachs…

Winning Bidder Offers $38M for Plantation’s Fashion Mall

A bankruptcy auction leaves Boca Raton’s Encore Housing Opportunity Fund as the winning bidder–with plans for a life-work-play redevelopment on the 33-acre site…

New York investor buys Wynwood retail complex for $29.5M

A New York-based investment firm has purchased its second property in Wynwood for a whopping $29.5 million.  Located at 2621 Northwest Second Avenue, the building is a retail complex dubbed the Wynwood Block, which — true to its name — takes up a full city block.  It was…

Rumormongering: Genting Seems to be Planning Something for Resorts World

Genting, the Malaysian casino conglomerate that had proposed to build the world’s largest casino, known as Resorts World Miami, on the site of the old Miami Herald Building, seems to have something cooking in regards to the stalled project. A few weeks ago…

Miami Beach meeting focuses on how to cope with sea level rise

Before a sparse audience of property owners huddled in a meeting room at the Miami Beach Golf Club, Miami Beach Planning Director Thomas Mooney said planning for sea level rise is the most difficult task facing the…

Zoning seeks workforce housing near Arsht Center

A new zoning classification is available to developers who want a bit more floor space, in exchange for participation in the City of Miami’s public benefits program, a part of Miami 21, the city’s zoning code.

Half-block in Wynwood up for grabs at $11.9M

Fun with urban Revitalization: The plan to revamp, and…

The plan to revamp, and partially pedestrianize Biscayne Boulevard has achieved one of its first official milestones: the Florida Department of Transportation’s tacit approval to reduce the number of lanes. Now it’s a plan with at least some amount of official regulatory approval, instead of just a…

CRE Prices Climb Higher, Led by Industrial Assets

Higher than any other property type, prices on industrial assets have been spiking up, with the industrial value-weighted price composite rising 4.2 percent for the three-month period ending Jan. 31, and 17.8 percent for the 12-month period ending the same date…

Downtown towers’ values soar

Come early June when 2015 taxable values are completed, Miami-Dade Property Appraiser Pedro Garcia expects that people will be impressed with how well the commercial market is doing in the downtown and Brickell area.

Miami Dade school board gives mega mall its blessing

Developer Triple Five has passed another obstacle in its plan to build the nation’s largest mall in Miami-Dade County.  The county’s school board voted unanimously Wednesday to break its lease on a portion of state-owned land that the developer wants for…

Proposed hotel near Jackson Memorial Hospital uses crowdfunding

To help fund construction for his extended stay boutique hotel project near the Jackson Memorial Hospital campus in Miami, Colombian developer Alfredo Acosta turned to crowdfunding, the practice of finding capital from a large number of people via the Internet…

Oceanbleau in Hollywood launches sales

Oceanbleau, a luxury condominium project in Hollywood Beach that was announced last month, has just launched sales.  Developer Maxwelle Real Estate Group brought on Miami-based BH3 Realty to handle all sales for the project. The brokerage is a sub-division of development…

Two Rare Miami Trophy Retail Assets Trade Hands

“It is rare to find a net-leased trophy asset within the Collins Fashion District.”…

Miami Today: How realistic is the dialogue in the Grove Playhouse drama?

Miami renters increase 25% in 7 years

Miami’s rental population is growing and market watchers are divided as to why, with some saying it’s temporary and others that housing prices are prohibitive for anyone but the super-wealthy.  According to NYU Furman Center’s study titled “Renting in America’s Largest Cities,” nine out of 11 cities…

Ugo Colombo’s CMC Expected To Sign A Deal To Buy Windows For Four Upcoming Projects

Ugo Colombo will soon sign a deal to buy impact-resistant windows for four projects that his CMC Group is planning in Miami, according to Colombian window manufacturer Tecnoglass.  Colombo recently sold Glasswall, a manufacturer of impact-resistant windows and doors, to Tecnoglass. He started Glasswall…