Doral Bank Comes Up With $65M From New Investors

New York private equity firms committed to put fresh money into U.S. Century Bank, which faced enforcement action in 2011.

Pottery Barn and Williams-Sonoma closing next month on Lincoln Road, Polo Club of Boca Raton unveils $27M renovation…and more

Pottery Barn, Williams-Sonoma to close next month on Lincoln Road.   Polo Club of Boca Raton unveils $27M renovation.  Major League Soccer site scores.  Dezer is giving Armani a chunk of money to design elements for the…

Jason Halpern’s JMH Development launching new South of Fifth project

JMH Development, the New York firm founded by Jason Halpern, is about to announce its second project in South Florida…

CREC, Lubert Adler buy Coral Springs shopping center for $26M

Another shopping center in Coral Springs sold, property records show.  CPAC Royal University closed on a $26 million purchase of the Royal University Plaza in Coral Springs, at 2556 North University Drive.  The 98,500-square-foot shopping center is 4…

Canyon Ranch behind on paying employees since sale, buyer says

Carillon Hotel & Spa employees still haven’t been paid for their paid time off, according to a letter obtained by The Real Deal.  Z Capital’s Thomas Wicky addressed Carillon employees in the letter, saying, “We are…

PHOTOS: On the scene at Design District’s New World Symphony cocktail party

Craig Robins, president and CEO of Dacra, hosted a cocktail party honoring Paula Crown in Miami’s Design District, which included a performance by New World Symphony fellows, America’s Orche…

Nine thousand residential units planned for Doral

With all the condo development going on east of I-95 in Miami-Dade County, what is happening in Doral?
Doral, a city of 50,200 residents, which was incorporated in 2003, is one of the strongest economic engines — and base for employers…

Tri-Rail wants to run trains into Downtown Miami

Tri-Rail is working on a major project: Bringing its commuter trains to downtown Miami on brand new railways.  The service would connect its lines to a stretch of track that will be used by the Florida East Coast Railway — the same line All Aboard Florida’s upcom…

SoBe’s James Royal Palm Trades for $278M

The deal marks the highest sale price for a hotel since 2012, when The Perry South Beach–formerly known as the Gansevoort and rebranded as 1 Hotel & Homes–which sold for $230 million in 2012….

South Beach Hotel Wins $185M Refi

The new owner, New York-based HFZ Capital Group, is reinventing the 1901 Collins Avenue hotel in Miami Beach…

Edens Closes $736M Acquisition

“This acquisition furthers our strategy of owning and operating a high quality, diversified portfolio of leading urban retail centers with long term value creation potential.”…

This Person Scaled Rise Brickell City Centre Building and Posted Photos on Instagram (Slideshow)

On Instagram he goes by @open.world and for some reason, he likes to scale buildings in downtown Miami and then post about…

Lawmakers Punt on Decision Regarding Sports Stadium Funding

A much-anticipated decision about divvying up sales-tax dollars to sports-stadium projects was handed off to the full Legislature.

Lightstone Is Committing $2B to Hotel Projects

Lightstone has teamed up with Marriott International Inc. to build five Moxy hotels in New York and is eying Miami. The “micro” lodgings, with high-tech features and smaller-than-average rooms, are geared toward younger travelers.

Industry Leaders Talk Miami Real Estate

Speakers at the University of Miami Real Estate Impact Conference all agreed that the city’s cultural transformation and its ability to draw wealth from the U.S. and abroad have made it an attractive target for developers.

Snazzy Whole Foods West Palm to feature beer bar and crêperie, FPL spars with national park over water needs for nuclear plant…and more

Snazzy Whole Foods West Palm to feature beer bar and crêperie.  FPL spars with national park over water needs for nuclear plant.  Cold weather? Not when the market’s hot, hot, hot for real estate.

Edens Investment Trust completes $736M acquisition of AmREIT

South Carolina-based Edens Investment Trust completed its acquisition of AmREIT, a real estate investment trust, for $763 million.  Edens, which has regional headquarters in Miami, as well as New York, Boston, Washington, D.C., Atlanta and other cities, owns, develops and manages community oriented…

Donald Trump suing Doral over noise complaints

If he could, the Donald would probably fire the city of Doral.  Trump is reportedly suing the city over its noise ordinance after his resort received more than 100 violations.  Trump National Doral has been accumulating violations since August and most…

Government contractor buys Miramar warehouse for $14M

A warehouse in Miramar sold for $14 million to a company with ties to the U.S. government, Broward County records show.  The 80,260-square-foot building at 2650 Southwest 145th Avenue was purchased by an affiliate of Easterly Government Properties, a real estate inves…

Marriott sells Miami Beach EDITION hotel to Abu Dhabi for $230M

Marriott International sold the Miami Beach EDITION hotel for $230 million in cash, the company announced today.  Marriott, which is retaining management of the hotel, sold the property to companies owned by the Abu Dhabi Investme…

Meat distributor moves headquarters to 2020 Ponce in Coral Gables

A wholesale meat distributor is herding on over to its new headquarters in Coral Gables.  Natural Premium Brands purchased a 1,163-square-foot suite at 2020 Ponce, a luxury office tower developed by Florida East Coast Realty. The company will lease a temporary…

Coconut Creek shopping center sells for $20M

A Coral Gables-based company bought a shopping center in Coconut Creek for nearly $20 million.  Boca Raton-based Chianti Associates sold the six-acre site at 4690 State Road 7 on Feb. 11, Broward County records show.

These Office Condos Selling Fast in Miami

If you questioned the demand for office condos in South Florida, consider this sales at this building….

Ian Schrager looks to bring EDITION to Broward, Public to Miami

Hotelier Ian Schrager is looking to launch an EDITION in Broward County, and is scouting sites near the ocean to plant a Public Hotel in Miami.  Meanwhile, developer Richard LeFrak is forging ahead with Biscayne Landing in North Miami, which he calls…

Progression of Brickell City Centre in ten epic photos, Miami Worldcenter’s deal tightened…and more

The progression of Brickell City Centre in ten epic photos.  Miami Worldcenter’s deal tightened. Two big residential projects on Doral agenda.

All Aboard Florida to lose $110M annually: study

All Aboard Florida, the planned Miami to Orlando railway, will reportedly lose $110 million a year due to debt and operating costs, according to a study from an anti-rail group.  The railway would reportedly have to charge $273 for a one-way ticke…

Canvas developer pays Miami-Dade $4.8M, commits to project

NR Investments, developer of the upcoming Canvas condo tower in the Omni district, has committed to the project by writing Miami-Dade County a multi-million dollar check.  The developer reportedly paid the county a $4.8 million impact fee for the expected costs of givi…

SunTrust building buyer tied to major Brazilian construction company

Commercial Real Estate 101: Considering the Cap Rate

Often misunderstood or not correctly used, the capitalization rate, commonly referred to as the cap rate, is a fundamental concept in commercial real estate investing. The cap rate is one of the first financial metrics an investor in a commercial property will consider. Within the commercial real estate industry, it is common…

Related Group CEO Jorge Pérez in his own words on Miami’s economy

Miami’s most prolific condo developer, Related Group CEO Jorge Pérez, is understandably optimistic about the local economy’s future, yet he sees several challenges that must be overcome to make the city a more attractive place to live.  “Miami is one of the top cities for liv…

Handling Deal Volume, Rent Increases In Multifamily

How far we’ve come from the days following the market meltdown. For many working multifamily deals, in the post-recession era the conversation has shifted from talking about short sales to talking about how to get credit to now talking about how to handle deal …

South Florida by the numbers: Focus on South Beach edition

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.  Here at SFBTN headquarters, we used to our roll our eyes every time a national broadcaster or journalist used “South Beach” when talking about all of …

Fendi Château Residences hits $70M in sales in January

The Fendi Château Residences in Surfside had $70 million in sales in January alone, developers announced Wednesday.  The upcoming luxury condo project is a collaboration between Fendi and Château Group. Construction of the 12-story tow…

Acqualina developers launch plans for condo towers in Sunny Isles Beach

Developers of the Acqualina Resort & Spa have plans for a new project, the Estates at Acqualina.
The 5.6-acre beachfront project will be targeted toward buyers looking for a second or third home, developer Jules Trump told the Miami Herald. Investors will not be allowed to b…

Elliott Throne: How to Get Multifamily Deals Done

GlobeSt.com caught up with Elliott Throne, managing director of HFF, to get his thoughts on how to get creative to seal the deal in part two of this EXCLUSIVE interview….

Will This Aventura Development See Light of Day?

Privé Developers and BH3 Management just want to build their luxury condo project in Aventura, but despite two lawsuits the project is still stalled. Get the latest details….

The Biggest Challenges Facing Multifamily

MIAMI–HFF’s Elliott Throne tells GlobeSt.com’s Jennifer LeClaire the major drivers–and the biggest challenges–in South Florida’s real estate market….

Check Out These New Renderings of SkyRise Miami

Check out these renderings.  Yowzers.

Institutional Investors See Value In EB-5 Program

It is estimated that there has been at least $1 billion a year in EB-5 funds raised in the last several years, as the program has virtually exploded in popularity.

Developer breaks ground on 320-unit Miami condo, Deck 16 to open at Hyatt Centric South Beach…and more

Developer breaks ground on 320-unit Miami condo.  Deck 16 to open at Hyatt Centric South Beach.  Nonprofits earn $500K from low-income housing fund.  Harbourside lawsuit settled; no more details o…

Downtown Miami office condos 50 percent sold

One Flagler, an office condo tower in downtown Miami, said it has sold half of its space after three months on the market, as demand for work sites continues to rise.  Newgard Development Group and Midgard Management, the building owner, entered into a joint venture to convert the bu…

Hilton buying Casa Marina and Reach Resort in Key West

Hilton Worldwide Holdings has agreed to buy two of Key West’s largest and most upscale resorts: the Casa Marina and the Reach Resort.  Hilton already operates the hotels for the Blackstone Group LP, the current majority owne…

Miami developers courting Chinese investors

South American and Russian investors drove Miami’s recovery through the housing downturn, but now developers are reportedly looking at Chinese buyers to sustain the boost.  While Chinese buyers only make up 3 percent of the market in Miami, they are one of the fastest groups of f…

15K-square-foot warehouse in Sunrise sells at a discount

A medical equipment manufacturer recently purchased a nearly 15,000-square-foot warehouse in Sunrise for $1.65 million.  Brennar Real Estate Group handled the sale of the flex building at Sawgrass International Corporate Park…

Is starchitect era over for SoFla’s preconstruction condo market?

The era of promoting star architects — or starchitects — to sell preconstruction condo units in planned towers could be ending in South Florida, during this current boom that began in 2011.  Early on in South Florida’s current preconstruction condo boom that…

Developer buys two multi-family properties in Coconut Grove

A Coral Gables-based company has purchased two multi-family buildings in Coconut Grove.  West Townhomes, a company managed by G. D8 Development, bought the two adjoining properties from Alan Mobley, a trustee of the Greater Miami Mobley Family Trust Land Agreeme…

Judge decides against expediting Privé and city of Aventura lawsuit

Nearly a month after developers of Privé at Island Estates filed a $200 million lawsuit against the city of Aventura, and after attorneys on both sides agreed to expedite a p…

CBRE Brings in Heavy-Hitting Office Exec

MIAMI–“We are confident that she will help CBRE strengthen even further its already successful office agency practice to better serve our clients in Miami-Dade.”…

Why Was Donald Trump in a Miami Courtroom?

Celebrity developer Donald Trump testifies at a trial in a dispute with a tenant at the Trump National Doral Miami resort.

Upstart 100 List Continues To Solidify Miami as Emerging Tech Startup Platform

Rony Abovitz, CEO of startup Magic Leap, and Susan Amat, founder of Venture Hive, were both recognized on the Upstart 100 list, which includes inventors, backers and entrepreneurs leading the …

South Florida is one of America’s easiest places to live, Realtors react to new drone proposal…and more

South Florida is one of America’s easiest places to live, New York Times study finds.  Realtors react to new drone proposal.  Burt Rapoport plans to open Rappy’s Deli.  Miami banks on future as a financial …

Waterway feeding into Miami River getting $20M cleanup

The Miami River Commission secured enough funding to begin a $20 million clean-up job of a waterway that merges with the river and a request for bids will reportedly go out in March.  An $80 million U.S. Army Corps of Engineers…

Shark tank will greet luxe Florida condo owners, Ross is coming to a prime Lincoln Road location…and more

Shark tank will greet luxe Florida condo owners.  Umm, a Ross is coming to a prime Lincoln Road location.  BridgeInvest files $30M-plus foreclosure over waterfront homesites in Broward and Palm Beach County.

Editor’s Note: Overnight we added a couple of new sources for Miami area commercial real estate related content, and thus have some older posts linked here as we catch up to those new sources’ posts.  In any case, it makes for a good review of the recent past.

Swire Properties to introduce the first “Climate Ribbon” in the world

Topping the $1 billion mixed-use Brickell City Centre, will be a 150,000-square-foot climate ribbon — an enormous overhead trellis made of steel, glass and fabric. It will cover the walkway of the shopping center, where there are open-air shops, escalators, restaurants and terraces.

Capital At Brickell Site Sold To Chinese Investors For $75M and Will Be Redesigned

$ 74.74 million paid the buyer, who is CCC International USA LLC, a subsidiary of multinational China City Construction of Beijing and American Da Tang Group in New York.  The plot of 2.78 acres had been approved for a special use permit to allow the construction of twin towers in 1.3 million square …

Florida: The new third most populated state after California and Texas.

Florida has overtaken New York and has become the third most populous US state.  For its warm climate, Florida is a place where seniors in northern U.S.A and Canada decide to retire or spend the fall / winter seasons and has become not only one of the favorite destinations of South American migrants …

Executive immigration action could benefit Real Estate market

President Barack Obama’s recent executive action, designed to reform the immigration system, could help increase the rate of real estate development in Miami.  One of the initiatives calls for the modernization of programs that aim to promote the inward investment and entrepreneurship, said He…

Met Square including a plaza and gallery to display historic findings.

The developers of the fourth phase of the Metropolitan Miami: Met Square, presented a plan that will include a permanent exhibition of prehistoric circles believed to be foundations for Tequesta dwellings around 2000 years ago in addition to elements of the modern history of Miami like parts of the …

$124 Million funding the construction of Echo Brickell

The luxury mega project that began construction this week got nearly $124 million to finance the rising of the 60-story and 190 unit tower from Canyon Capital Realty Advisors.  Developers of Echo Brickell, Property Markets Group, claim that the purpose of this development is to achieve spectacular ul…

Related Group unveils purchase of 1400 Biscayne Boulevard

One of the most talked-about latest acquisitions in Miami’s Real Estate world is the deal closed between the Spanish firm Espacio and Miami based residential construction giants: The Related Group. The property just traded is located at 1400 Biscayne Boulevard, where i…

In A Unanimous Vote, Commissioners Say Yes To Miami Worldcenter

Miami commissioners voted last night to approve zoning modifications and a development agreement that will allow the Miami Worldcenter project to move forward.  Commissioners spent hours listening to public comment and debating the changes, which revised approvals granted to the developers project in…

Real Estate Trend: Stylish Interior Design Collaborations

The opening earlier this year of Mybrickell, designed by Karim Rashid in collaboration with Arquitectonica, was more significant than most of the party attendees probably realized. Not only because it was one of the first condo towers in Miami to be completed in years, but because it is sign of the …

Analysis of “Biscayne Line”: The future Baywalk of Edgewater

The Related group is campaigning for the creation of a pedestrian baywalk that would include the coast of Biscayne Bay through Edgewater. The Great Hall called Biscayne Line include trees, benches,art, parks and would be a completely public destination that imply a breakthrough in urban development …

Airport Corporate Center Gets New Name, New Look

A $17 million capital improvement program is underway at the premier office park.

Miami-Dade County’s P3 Approach to Courthouse Project

Last week, Bilzin Sumberg hosted a two-day conference of national and international P3 experts, including representatives from various state and county…

Sunny Isles Ritz reveals nude beach-facing floorplans, reservations are being converted to contracts at César Pelli’s Residences by Armani Casa

1. Sunny Isles Ritz reveals nude beach-facing floorplans[Curbed Miami]2. reservations are being converted to contracts at César Pelli’s Residences by Armani Casa [The Next Miami]3. Toll Brothers nearly sold out at Azura home development near Boca Raton…

Hyatt Centric South Beach to open in April

Hyatt Hotels is launching its new Hyatt Centric brand in April, and one of the first two hotels is opening in South Beach.  Hyatt Centric South Beach Miami, at 1600 Collins Avenue, was designed by Kobi Karp and developed by Robert Finvarb Companies.

Grand Venetian condo owner sues management firm

A condo owner of The Grand Venetian in Miami Beach filed a lawsuit on Thursday against the luxury tower’s management company, citing negligence that resulted in a $2.2 million assessment.
Murray Felder’s suit charges that FirstServ…

SunTrust building at 777 Brickell sells for $140M

A private South American investment group purchased the SunTrust Bank building at 777 Brickell Avenue for $140 million, CBRE Capital Markets announced Thursday.
The 13-story office building has 288,485 square feet and is attached by walkway to an adjacent five-story parking …

DDA plans to narrow and beautify Biscayne Boulevard

The Miami Downtown Development Authority is moving forward with a beautification project that aims to narrow a section of Biscayne Boulevard.  The proposed Biscayne Green would remove up to two lanes from a stretch of Biscayne …

Reports: SoFla leads state in cash sales…and more

Florida’s foreclosure inventory on the decline but still leading with the most completed foreclosures in 2014, CoreLogic.  Florida ranked second in declines of year-over-year foreclosure inventory, with a drop of 48.6 percent. Despite the decline, Florid…

County Commission to vote on incentives for Miami River project

Renderings of River Landing project and developer Andy Hellinger
UPDATED 5:30 p.m.: The committee is recommending $7.5 million for the project instead of the requested $12 million because the Economic Development Fund only has $15 million left. River Landing has agreed to split the fund wi…

Neighboring Broward shopping centers sell for $34M

A Fort Lauderdale-based real estate company sold a piece of its Coral Springs and Margate retail portfolio for nearly $34 million this week.  Coral Landings Joint Venture, which is affiliated with the real estate company Stiles, sold two neighboring shopping center…

Miami Beach to change convention center process

After Hunt Construction Company formally withdrew its bid for the $500 million renovation and expansion of the Miami Beach Convention Center last month, Miami Beach is changing its contractor process.
Hunt dropped its bid in January, leaving Miami…

Developers Hit Residents With $225M Lawsuit

After filing a $200 million lawsuit in January against the City of Aventura and gaining support from the local community earlier this month, the developers of Privé are making this battle more personal….

Judge Rules Fashion Mall Must Be Sold at Auction

U.S. Bankruptcy Judge John Olson rejected a plan to convert Fashion Mall’s owner from a Chapter 7 bankruptcy to a Chapter 11 reorganization.

Commercial Real Estate News Roundup For February 11, 2015

A devastating year for retail, a New England match made in multifamily heaven, European markets heat up, and “green industry” takes on a whole new meaning. It’s all here in the Commercial Real Estate News Roundup for February 11, 2015.

S&P Increases Miami Bond Rating To A+ Due To Strong Economy

The ratings increase will reduce the City’s future costs by strengthening the City’s position on potential future financings, other financial contract negotiations, and future public private partnerships. CLICK ON THE HEADLINE FORE MORE…

South Florida’s Vagabond Motel, Mai-Kai Restaurant on National Register of Historic Places… and more

1. South Florida’s Vagabond Motel, Mai-Kai Restaurant on National Register of Historic Places [Miami Herald]2. Hollywood founder’s spectacular mansion is $2.19M [Curbed Miami]3. Miami Beach could get two new hotels plus one hotel expansion…

Will Fashion Mall in Plantation be put up for auction?

The Chapter 7 bankruptcy trustee for debtors of the long-vacant Fashion Mall in Plantation has filed a motion to conduct an auction of the property with an initial, or “stalking horse,” bid of $24 million.
“This property has been …

Coming soon: TRD’s South Florida Market Report & Broward County Showcase

The Real Deal South Florida is following up on the smashing success of its October publication and Miami event with a spring South Florida Market Report and showcase dedicated to the booming Broward County real estate market.

Airport office park gets new name, renovations

The Hines Airport Corporate Center, which was purchased by CBRE Global in October for an undisclosed amount, is getting a new name, along with other renovations.  CBRE Global announced Tuesday that the newly titled The Landing at MIA will receive $17 million in upgrades…

Miami City Commission will discuss proposed changes to historic designation

The Miami City Commission will take up legislation on Thursday that would restrict who can request the historic designation of properties.  Right now, virtually anyone can ask the city to designate a building historic. Anyone owning a home declared historic by the city must…

Colliers International splits from parent company

Colliers International is planning to break free from its Canadian parent company FirstService Corp.  The Seattle-based commercial brokerage is looking to focus on acquisitions and expansion in the commercial property market, Bloomberg…

Prive developers file $225M lawsuit against neighbors

Nearly a month after developers of Privé at Island Estates, a condo project in Aventura, filed a $200 million lawsuit against the city of Aventura, developers filed a se…

Donald Trump wants to manage Key Biscayne golf course

Donald Trump wants a piece of Key Biscayne’s public golf course, according to a published report.
Trump’s organization submitted an unsolicited proposal to Miami-Dade County last fall to take over management of Crandon Park’s golf course and in…

James Royal Palm for sale, but too pricey for Peebles

The James Royal Palm is being marketed, and its sale price could set a new record in South Florida, developer Don Peebles told The Real Deal.  Peebles, who built the Miami Beach hotel and later sold it, told TRD he recen…

Taylor & Mathis Nabs Four TOBY Awards

Real estate firm Taylor & Mathis of Florida reports it has won four “The Office Building of the Year” awards from the Miami-Dade chapter of the Building Owners and Managers Association….

Miami Hasn’t Seen This in 20 Years

The Plaza Group closed a $98 million construction loan for this project in Nov. 2013. Get the latest updates on this significant venture….

Insights from the Americas Lodging Investment Summit conference

Guest blog post written by Max Comess, Director, HFF Hotel Group.
In January, our team attended the Americas Lodging Investment Summit (ALIS) conference, one of the largest hotel investment conferences in the world, at the JW Marriott hotel in downtown Los Angeles. A reported 2,800 people …

Expressionistic Doral church design has been totally nixed, Miami drive-through grocer seeks franchisees to expand nationwide…and more

1. Expressionistic Doral church design has been totally nixed [Curbed Miami]2. Jessy Nite’s art radiates Miami’s subtropical modern flair [South Florida Business Journal]3. This Miami Beach hotel’s concept to attract European retailers is pr…

Paint while you drink wine — studio leases space off of U.S. 1 in Miami

An interactive painting and wine studio has leased space off of U.S. 1 and Southwest 27th Avenue, The Real Deal has learned.  Bottle & Bottega will take over the former Z-Mattress space at 2765 Southwest 27th Avenue in Miami. Maryanne Rodriguez of High Street Retai…

Palm Beach County movie theater sells for $17.5M

Craig Menin, manager of Rosebud Wellington Regal One, and 1003 North State Road 7
A Regal Cinema in Royal Palm Beach has sold for $17.8 million.
The property was purchased by Rosebud Wellington Regal One, whose managing member is Craig Menin of the Palm Beach developer Menin Development, according t…

French investors keep saying “oui” to South Florida

As Louis Vuitton and its parent company LVMH Moet Hennessy continue to make their mark on Miami’s Design District, French investors and families keep bringing their money to Mi…

Miami-based Zyscovich leaves mark on Times Square

A Miami-based architecture firm has left its footprint on Time Square’s Knickerbocker Hotel.
Zyscovich Architects announced Tuesday that it designed new signage for the historic building in New York.
The design is a modern interpretation of signage, enc…

Flanigan’s Enterprises pays $1.5M for Pembroke Pines site

Flanigan’s Enterprises is showing increased interest in the Pembroke Pines restaurant market in southwestern Broward County.  The Fort Lauderdale-based restaurant company paid $1.5 million for a corner location at 7000 Pines Boulevard in Pembroke Pines, which was a former Valero Gas Station, ac…

Fort Lauderdale office tower leases 51K square feet

A Fort Lauderdale office building has leased more than 51,000 square feet of its space over the course of a year, real estate firm Cushman & Wakefield announced Tuesday.  110 Tower, at 110 Southeast Sixth Street, was built in 1988. The 30-story building was purch…

Eight new condo towers planned for Fort Lauderdale’s Las Olas Isles neighborhood

As preconstruction buyers increasingly look north of Miami-Dade County’s rich presale asking prices and mushrooming inventory, at least eight new condo buildings are hoping to attract purchasers for waterfront locations in Fort Lauderdale’s Las Olas Isles neighborhood in B…

Altman Makes $223M Multifamily Trade

MIAMI–Altman is selling its multifamily assets just about as fast as it can develop them. Get the details on four new transactions–and the company’s construction pipeline….

What Happened to the Latin American Cash in South Florida Real Estate?

Economic adviser Tony Villamil said economic volatility in Latin America is stemming the flow of investors who paid cash for 90 percent of their U.S. deals.     …

Broker Arranges Sale of Miami Beach’s Orchid House for a Third Time

Susan Gale helped arrange the sale of South Beach’s Orchid House, a boutique hotel at 1350 Collins Ave. made famous by Justin Bieber.

Shopping center near the Falls sells for $16.7M

A shopping center near the Falls in Kendall was sold for $16.7 million.  Briar Bay Convenience Center, at 13005 Southwest 89th Place was purchased by Real Sub, a Lakeland-based a subsidiary of Publix Super Markets.  A Publix anchors the shopp…

Vhernier opens second U.S. location in Design District

Vhernier, the Italian jewelry brand, has chosen Miami’s Design District to open its second location in the United States.  The new store, at 140 Northeast 39th Street, at the Palm Court, opens Tuesday. Vhernier is leasing its 600-square-foot space from Craig Robin’s Dacra, the de…