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…

Miami-Dade approves land deal for new mega-mall

Miami-Dade County Commissioners on Tuesday approved a land deal that would help bring the nation’s largest mall to the county. The final tally: 11-2 in favor.  Developer Triple Five, which also built the current largest mall in the country, Mall of America…

American Dream Mall: The future biggest mall in…

The future biggest mall in the country, ‘American Dream Miami’ is one big step beyond being just a dream. Miami Dade County pols have overwhelmingly approved the land deal that will allow the mammouth project to move forward…

Development Update-O-Rama: Developer wants to convert adjacent land into a park…

A developer wants to convert city-owned land adjacent to his proposed 12-story condo tower on the Miami River into a public park, tentatively called Flagler Cove Park, that will connect to the river walk. Few details are available about what the Arquitectonica-desigend residential project itself…

New Times Regarding Miami as Sixth Most Important City to Ultra High Net Worth Individuals

Ultra-high-net-worth individuals aren’t just rich. They’re running the world. They aren’t just the 1 percent; they’re the 0.002 percent. To qualify, a person must have a net worth of at least $30 million in assets.  As it turns out, Miami is not the full-time home base to tons of these individuals when compared to other major world cities…

Arquitectonica Chief Bernardo Fort-Brescia Is Once Again Working On Resorts World Miami

Bernardo Fort-Brescia, the head of Arquitectonica, met with Dade officials yesterday about the Resorts World Miami project, according to a county source.  Still unknown: what exactly is planned for the project.  Arquitectonica was hired in 2011 by Genting, the secretive developer of the project. At the time, Resorts World…

March 2015 Florida Real Estate Law Case Updates

The Whites and the Leamers lived in adjoining luxury waterfront townhomes. The townhomes are subject to a declaration of covenants, conditions, restrictions…

NAI Miami’s Spencer Young Negotiates Five Year Lease For TrueBlue Hospitality

True Blue Hospitality is a leading staffing, recruiting and workforce management company…

Miami International Mall gets three new tenants

Two retail stores and an eatery have signed leases for the Miami International Mall in Doral.  Simon Property Group, an international retail real estate firm that has stakes in malls like Aventura and Dadeland, announced the lease signings on Tuesday.  The new stores include…

Château Group unloads Aventura condo site for substantial profit

In a sign that the outlook for South Florida’s preconstruction condo market may be changing, the Château Group — a luxury developer that has announced plans for at least seven new towers during this cycle…

Reports: Percentage of underwater homes on the decline…and more

More than 27 percent of all mortgaged homes in Miami-Dade were underwater as of the fourth quarter in 2014, CoreLogic reported. That’s 122,963 residential properties…

Homebuilder buys 242 acres in Palm Beach for $17.5M

More than 240 acres in Palm Beach County were sold to a Sunrise-based home builder for what will likely become a housing development.  An affiliate of GL Homes paid $17.5 million for the site, which is currently zoned for agriculture.  The land is…

Historic Park Central Art Deco Hotel Gets Big Makeover Loan

And the Finalists for our Annual Top Dealmakers are…

The Daily Business Review announced the finalists for its annual Top Dealmakers awards. Winners will be announced at a May 8 luncheon …

It’s Getting Ugly in Sunny Isles: Neighbors not Happy With Ritz-Carlton Residences Developers

Neighbors accuse developers Edgardo Defortuna and Manuel Grosskopf of secretly buying up neighboring condos to protect views at their proposed Ritz-Carlton Residences in Sunny Isles Beach…

Grove Guy Editorial: Coconut Grove Having an Architectural nervous breakdown?

The other day, an acquaintance stopped me as I was walking down the street, and he asked me how he could sign up to run for commissioner. It was interesting to see another person who is interested in the job, I don’t remember this many people running for this one particular office before. I asked him why he wanted to run…

Negotiations for a Cuban Exile History Museum on Parcel B are underway

Representatives from the County, the Cuban Exile Museum, the Black History Museum, and HistoryMiami met to discuss a collaborative museum project in December 2014 and February 2015. Earlier in 2014, County representatives met with the Cuban Exile Museum and The Heat Group, and development of a plan…

Miami retail center anchored by CVS and Office Depot sold for $21M

The Shoppes of Coral Way in Miami traded for $21.02 million.  Coral Gables-based 2690 SW 22 Street LLC, managed by Toni Alam and Roberto Isaias, sold the 84,309-square-foot retail center to Rajen Properties, managed by Arnold S. Wax in Aventura. The price works out to $249 per square…

JHM Development is proposing new Mid Beach tower…

JHM Development is proposing to construct a distinctive new tower behind two existing historic buildings in Mid Beach that would require the demolition of a third small building, while adding a one-story addition to the top of another. All in all, the mixture of old and new, designed by Urban…

Construction Watch: Closings Beginning Soon at the Related Group’s Icon Bay

The Related Group expects to begin closings soon at their first Edgewater tower of this cycle, Icon Bay, says Related President Carlos Rosso. The tower is getting closer and closer to finishing, with work progressing on the public Icon Bay Park, which is going underneath it, and the building’s…

Victoria’s Secret on Collins Avenue sells for $25M

Five years on, Kolter Signature Homes lawsuit continues

A judge in Palm Beach County denied a motion on Monday to sanction Kolter Signature Homes for producing a witness who was apparently unable to answer basic questions about construction defects at a Palm Beach Gardens condominium complex that is at the center of a $40 million lawsuit.

Lake Worth bowling alley sells for $3.2M after foreclosure

A 60,000-square-foot bowling alley in Lake Worth recently sold for $3.2 million after its owner went into foreclosure, The Real Deal has learned.  Located at 6591 South Military Trail, the building sits on a 6.4-acre lot next to an upcoming charter school…

Two law firms expand offices at Southeast Financial Center

Two Southeast Financial Center tenants expanded their leases, JLL announced on Monday.  Stroock & Stroock & Lavan LLP will lease 8,426 square feet on the 31st floor after expanding by 3,961 square feet, according to a…

Sunset Harbour retail property up for sale at $6.9M

LeFrak, Turnberry Team on Massive Development

The joint venture project is zoned for 4,390 residential units and over 1 million square feet of retail and commercial space. Get all the details….

Grove Guy Editorial: Our Blue Elephant (Go Home Kevin Spacey)

Thanks Kevin Spacey… but the Coconut Grove Playhouse doesn’t need your celebrity to save it.  It died seven years ago. Too large for the times, financial problems forced it to shut down…

Bond On Brickell Adding A New Floor Every Four Days, Will Top Off This Summer

Construction is moving fast at Rilea Group’s 328-unit Bond On Brickell, with the project set to be delivered on time.  Contractors recently poured the 15th floor of the 44-story building. At the current pace, they are adding one floor every four days, and are one track to top off this summer.

Urban Robot Associates Designs A Modern Tower Next To Historic Building At 29 Indian Creek

Urban Robot Associates, a Miami Beach architectural firm, has prepared a plan to redevelop 2901-2911 Indian Creek Drive.  JMH Development bought the property late last year for $5.65 million. Records show that the majority of the purchasing entity is controlled by hedge fund trader Dhruv Piplani, with a small stake owned by Jason Halpern.

Four Hampton Inns in Palm Beach County change hands for $77 million

Four Hampton Inns in Palm Beach County have a new owner, according to deeds filed Friday.  W2007 Equity Inns of Dallas sold these motels to American Realty Capital Hospitality Trust of New York…

Condo Building Proposed For Narrow Miami River Lot

The owner of a 14,969 square foot property at 27 SW South River Drive on the Miami River wants to build a 12-story residential building.  Representatives of South River Warehouse LLC, controlled by Arturo Ortega, presented plans for the project at a Miami River Commission subcommittee meeting last week…

Developer pays $28M for three Miami Beach hotels

A Miami-based developer purchased three hotels in North Beach this week, Miami-Dade County records show. Megapolis Corp. sold three 7,500-square foot lots on Ocean Terrace, all of which face the ocean, to an affiliate of Claro Development for a total of $28 million.

Ugo Colombo’s firm buys Chelsea site in downtown Miami 

Ugo Colombo’s CMC Group paid $10 million for a downtown Miami property that was previously slated for a 52-story mixed-use project, The Real Deal has learned. SC Investment Holdings, which shares a mailing address with CMC, acquired the 1550 Biscayne Boulevard property on Monday, according to Miami…

Lawsuits: Developers of Nude Beach-Facing Ritz Accused of Going to Desperate Measures to Preserve Said View

Developers of the Ritz-Carlton Residences Sunny Isles Beach Edgardo Defortuna, Manuel Grosskopf and their respective companies are being accused by condominium owners at the building next door, the Tropicana, of using “straw buyers to acquire five of the 48 units at the Tropicana and to block…

Miami Design District site sells for $29M

A building in the Miami Design District sold for $29.25 million, nearly 100 times its last sale price, The Real Deal has learned. The 19,436-square-foot building at 1 Northeast 40th Street sold to an affiliate of Brooklyn-based RedSky Capital and London-based JZ Capital Management.

Saturday Editorial: More about the big American (Wet) Dream Mall Miami And Other Topics

Actually I am going to the Miami Herald for material for my Saturday Morning Speak-up. Fabiola Santiago said it better than I ever could:To the county powerbrokers anchored in downtown Miami, the small bedroom communities in Northwest Miami-Dade…

Broward School Board’s budding bid rigging scandal takes a twist

In an about face, Broward School administrators will ask the School Board Tuesday to reject all bids for a controversial multi-million dollar contract to manage $800 million in capital projects. The boar…

Fun with urban planning: Biscayne Boulevard Could be a Grand Downtown Promenade

The Miami Downtown Development Authority and architects Behar-Font & Partners have released a video animation of their plan to completely revamp the Downtown section of Biscayne Boulevard, converting it into a grand pedestrian-focused promenade, like the Malecón in Havana, the Las Rambl…

Sleeping Around: Circa 39 is Straight Out of Old Miami Beach, with Big Revamp

As Mid Beach emerges from years of being a relatively sleepy backwater in the middle of Miami Beach, Circa 39 has just completed its multimillion dollar, two year renovation, reports HotelChatter, and the result is fab. The hotel has redone all 97 guest rooms, the lobby, and its restaurant and ba…

Venezuelan real estate investment at risk in South Florida

Question: A lot is being reported about the economic and political situation in Venezuela. What impact is this having on Venezuelan investment in the South Florida condo market?  Venezuela – an oil-rich South American country with a population of nearly 29 million…

Ritz-Carlton developers accused of blocking sale of neighbor to preserve view

The condominium association at the nine-story Tropicana building in Sunny Isles Beach has filed suit against developers Edgardo Defortuna, Manuel Grosskopf and their related companies for allegedly blocking a sale of the Tropicana in order to preserve the…

Panorama concrete pour to break the mold

Construction of the Panorama Tower in Brickell is kicking off with a record-breaking concrete pour.  Five construction companies will provide carpenters, iron workers, concrete trucks and management personnel for the foundation pour, which will begin on March 21 and…

ARC Hospitality buys Deerfield Beach Hampton Inn for $11.5M

Will Brickell Ever See Another Office Development?

Land prices are soaring and most developers securing land are building condos. What does that mean for new office space in Downtown Miami?…

LeFrak Shares South Florida CRE Strategy

University of Miami President Donna Shalala has a candid conversation with Richard LeFrak, CEO of LeFrak Organization and one of the most prolific and iconic real estate developers of our day,…

Why Big Retail Brands Flock to Miami

Erich Melsheimer, senior director of Real Estate at The Gap Inc. Melsheimer was bold enough to say what industry watchers are thinking: Los Angeles and Miami are competing for the number two retail trade market after New York….

What’s Next for the Coconut Grove Playhouse?

A large crowd showed up at Thursday’s County Commission meeting to hear the latest on the Coconut Grove Playhouse.  One interesting concept brought up was having a second theater on the site.

New co-working space in Little Haiti opening soon, geared to creative types

Imagine after a long day of work, walking down the hall to shoot some pool, grab a beer or take a painting class — all without stepping outside. A new co-working space opening soon in Miami’s Little Haiti, called MADE at the Citadel, plans to offer its members much more than desks and offices…

Bass Museum Submits Plan To Renovate And Expand Their Facility On Collins Avenue

Lots o’ slots: The Seminole Tribe of Florida…

The Seminole Tribe of Florida has announced they intend to add a 1,000 room guitar-shaped hotel to the Seminole Hard Rock Hotel & Casino in Hollywood if, and only if, their current compact with the state (in which they have exclusive rights to blackjack and other table games) is renewed. We have…

Awards: The Pritzker Prize, Architecture’s Oscars, Comes to Miami

Architect Frei Otto, known for his membranous, lightweight, tensile structures, was announced as the winner of the Pritzker Architecture Prize, the most prestigious award in architecture, a day after the architect’s death. Frei, who died on Monday, was…

Land Ho!: A large Biscayne Bay-fronting tract…

A large Biscayne Bay-fronting tract of land between the Jockey Club and the Cricket Club (both of which were swinging hotspots in their day, but are now just rather crusty condominiums) will hit the auction block with a starting bid of $19.9 million. The land stretches from the bay all the way to…

Zillow and Truila Finally Merge, Form Zillow Group

After a exhaustive seven-month anti-trust review by regulators, the Zillow-Truila merger was finalized on February 17.   Zillow negotiated a $2.5 billion stock/swap merger and formed the Zillow Group that now includes Zillow, Truila, StreetEasy and HotPads. …

NAI Miami Negotiates $6,600,000 Sale Of Operating CVS

NAI Miami’s Edward Schmidt, CCIM and Mandy Bertematti represented the buyer in the sale of the 14,129 square foot building in Lake Worth…

Building in downtown West Palm Beach sells for $10M

New co-working space in Little Haiti opening soon, geared to creative types

Imagine after a long day of work, walking down the hall to shoot some pool, grab a beer or take a painting class — all without stepping outside.  A new co-working space opening soon in Miami’s Little Haiti, called…

Developer pays $28M for three Miami Beach hotels

A Miami-based developer purchased three hotels in North Beach this week, Miami-Dade County records show.
Megapolis Corp. sold three 7,500-square foot lots on Ocean Terrace, all of which face the ocean, to an affiliate of Claro Development for a…

Foreclosure king David J. Stern hit with $2M lawsuit

Florida’s “foreclosure king” David J. Stern has been hit with another lawsuit, this time over $2 million in payments the disbarred attorney allegedly owes to a Miami-based process serving company.
The suit was filed by Gissen & Zawyer Process Service, which partn…

Treasury Department pushed to scrutinize foreign buyers

From the New York website: Seventeen nonprofits are urging the U.S. Treasury Department to require more scrutiny of foreign buyers of real estate by verifying their…

All Aboard Florida taps local builder for Fort Lauderdale event space

All Aboard Florida — the proposed Miami to Orlando railway service — said it has hired a construction company to relocate an event center in Fort Lauderdale.  D. Stephenson Construction, which is based in Fort Lauderdale…

Seminole Tribe announces plans for second Hollywood hotel

The Seminole Tribe of Florida announced plans for its second Hollywood hotel — and at the same time, it is lobbying to renew its existing gambling agreement with the state, which expires soon.  If renewed, the Seminoles will develop a 1,000-room, guitar-shaped…

South Florida by the numbers: Focus on Little Havana edition

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.  For more than 30 years, the Kiwanis Club of Little Havana has hosted the massive Calle Ocho street festival, one of Miami’s signature events. Originally…

NY developer pays $33M for Coconut Creek apartments

Photos: On the scene at Park Grove’s retail roundtable

Ian Schrager Casts Lifestyle Hotels Vision

Miami – “We’re an opportunistic business. There was an opportunity in Miami Beach and we seized the opportunity,” says Ian Schrager…

Miami Retail Booming, Some Investors Head North

“The cost of capital is very competitive and retail rents are on the rise in South Florida creating ideal conditions for trading activity.”…

Flashback Friday Photos: Miami Beach Street Scenes

Old photos from Miami Beach are featured.