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…

Two 60-story towers due on river

Dual 60-story residential towers with a waterfall are proposed for choice riverfront land in the shadow of Miami Avenue Bridge.  During the city’s last building boom, three condo towers rose on a block on the north side of the Miami River in the Central Business District: The Ivy, Wind and Mint.

Retail roster weak as Miami Marlins set to open

The Miami Marlins’ home opener of the 2015 season is Monday, April 6, the start of the fourth season at the 37,000-seat Major League Baseball facility. Meanwhile, the bulk of the Marlins Park garage retail space remains empty.

Florida Apartment Complex Threatens Tenants With $10,000 Fine For Bad Reviews Online

They might be the landlords from hell, but you’re not allowed to complain about them.  A Florida apartment complex is under fire after management forced new tenants to sign a “social media addendum” that threatened a fine of $10,000 if they gave the place a bad review online, Ars Technica reports. The addendum…

Crews Demolish 92-Year-Old Building At 2500 Biscayne To Make Way For Apartment Building

A 92-year-old building on Biscayne Boulevard has been partially demolished to make way for a rental building.  The demolished building was built in two phases. A 1923 building known as the Wolpert Apartments had a historic designation removed in 2004 after the property owners appealed. A 1927…

In Florida, Big Sugar’s Republican proxies stare down the Angry Bees

At the Governing Board of the South Florida Water Management District today, Republican proxies of Big Sugar — that would be the board appointed by Gov. Rick Scott to fulfill his mission — will be facing the Angry Bees: citizens and activists demanding that the State of Florida buy out the propert…

Cap Rates Remain Flat in Q1 2014 – CBRE’s Retail Valuation Group

CBRE’s National Retail Cap Rate Report was recently released for the first quarter of 2014 and according to the report, average retail capitalization rates did not change significantly this quarter after dropping in the final quarter of 2013…

Broward Schools whistleblower alleges bid rigging

A political committee’s mailer asking voters to approve last November’s $800 million bond measure.  Administrators at the Broward County School District “rigged” bidding procedures to ensure that Jacobs Project Management Company wou…

Flashbacks: 27 Old Postcards of Miami & Miami Beach

Whatever the architecture blogs think, Miami did not discover great architecture just in the last ten to twenty years. We may not have always had Rem Koolhaas (although Rem’s been connected to this town longer than you’d think), but we’ve always had beautiful environment…

Here’s Kevin Spacey: The plan to revamp the Coconut Grove Playhouse

Tri-Rail Update: Possible funding sources have advanced…

Possible funding sources have advanced for the Tri-Rail Coastal Link’s portion of the cost of construction of MiamiCentral, which is an essential aspect of expanding mass transit in South Florida. Those funding sources include the voter-approved half cent sales tax increase, which means more of it w…

Development update-o-rama: Two Slim Towers, with Sky Bridge, Coming to Miami River

A developer is proposing two 60-story residential towers with 406 residential units, 30,000 square feet of commercial space, 520 parking spaces, and 20 lodging units (which are?) on an empty Miami River-fronting site where a single tower had been previously planned. The as-yet-unnamed project…

Independent Living Facilities: How They Fit Into The Boom

I was reviewing the various names our industry has used to describe the senior living property sector when I noticed that one appears to be picking up steam: independent living facilities.  The definition of independent living refers to more than facility type — it means…

Real Estate Crowdfunding Seen Topping $2.5 Billion in 2015

As more people become comfortable with the investing model, crowfunding for real estate is likely to jump to two and a half times the total in 2014…

Rising Traffic Concerns Could Provide Cash Flow Stability for Miami’s Transportation P3 Solution

With plans to reduce Biscayne Boulevard to fewer lanes to allow for the creation of a promenade and bicycle lanes in Downtown Miami, some are arguing that the need for public transportation options cannot be clearer.  The drivers in Miami-Dade are in desperate need of public transportation options th…

Market underestimates value of retail by an “enormous number”: Steve Roth

From the New York website: The most undervalued part of Vornado Realty Trust’s portfolio is the firm’s urban retail, according to Vornado chairman and founder Steven Roth.  “This is just one man’s opinion that the market underestimates the value of …

Rents behind AmericanAirlines Arena may rise

Miami-Dade County officials have tentatively approved higher fees for the use of about 4 acres of waterfront land behind AmericanAirlines Arena. Known as Parcel B, the area is owned by the county and generally used for the staging of events held at the arena, whether they be a concert or a circus…

Photos: On the scene at Paramount Miami Worldcenter’s BullFest Ride

Lamborghini drivers took a day-long ride together in South Florida and met up at Paramount Miami Worldcenter’s sales gallery.  More than 30 Lamborghinis celebrated the development and BullFest, alo…

Glenn Rufrano named new CEO of American Realty Capital

From the New York site: Former Cushman & Wakefield executive Glenn Rufrano has been named the new chief executive officer of American Realty Capital Properties.  Rufrano will start his job as CEO on April 1, according to an ARCP statement cited by…

Huge casinos wouldn’t nourish us, just supersize problems

”No man’s life, liberty, or property are safe while the legislature is in session,” the axiom goes – and a supersized 316-page House bill to supersize Florida gambling by adding mega-casinos proves the point.  Florida has shaken off a punishing recession and Miami in particular is booming…

Flagler Station breaks ground on final phase

Construction has started on the last phase of Flagler Station, a massive business park next to Medley in Northwest Miami-Dade County.  Hernandez Construction, an affiliate of Stiles Corp., recently began work on the first two buildings of phase three…

Construction marks progress at new Museum of Science

Open spaces and turnkey venues were among the highlights of a hard-hat tour of the new $300 million Patricia and Phillip Frost Museum of Science on Biscayne Boulevard in Miami.  The four-acre site will…

Prologis sells Broward and Dade business parks for $77.8M

Prologis sold two business parks in Miami-Dade and Broward for a combined $77.8 million, county records show.
The industrial real estate corporation sold its Countyline Business Center in Miramar for $59.5 million to an affiliate…

Acclaimed Brooklyn Pizzeria Paulie Gee’s Coming To Miami

The icing on today’s delicious cake was the news that @JasonWeisberg has signed a lease on this spot that is soon to be Paulie Gee’s Miami.

Kevin Spacey may star in running Grove Playhouse

When Miami-Dade’s Economic Prosperity Committee meets today (3/12) to discuss a deal with GableStage for a home at the Coconut Grove Playhouse, anything can happen.  The plan, recommended by Mayor Carlos Gimenez,

1700 Biscayne, With Approvals For A Three-Tower Project, Is Up For Sale

A prime Biscayne Boulevard development site has been listed for sale.  1700 Biscayne, a 3.04-acre property across from Genting’s Omni, is being marketed by brokers. The asking price is undisclosed.  Fort Lauderdale-based Midgard Group, managed by James Goldstein, began assembling the land…

Developers announce oceanfront condo tower in Pompano Beach

Abu Dhabi-Based Investment Firm Says Miami ‘Most Attractive,’ Looking At Development Opportunity

Abu Dhabi Financial Group, a multi-billion dollar developer and investment firm, is studying a potential residential development project in Miami.  Jassim Alseddiqi, the CEO of the firm, told Bloomberg that he was looking at projects in London, Miami, Los Angeles and New York, but Miami…

Luther Campbell Questions Miami Gardens’ Future

When Miami Gardens incorporated in 2003, it seemed like a great idea. City leaders envisioned a bustling metropolis where African-American professionals could find a home to settle down. That’s how it was in the ’70s and ’80s, when North Dade was known as Carol City — before violence and poverty increased…

Soffer Buys 50% Stake In Biscayne Landing, Plans ‘New Skyline’ With 4,000 Units

Turnberry Associates has purchased a 50% stake in the Biscayne Landing project from Richard LeFrak.  LeFrak sold to Turnberry after buying out Michael Swerdlow and Ezra Katz, who were investors in the project. Terms were not disclosed.  The 183-acre site is located at 15045 Biscayne Boulevar…

Construction Underway At MiamiCentral, Set To Include 800 Residential Units

Construction is now underway at All Aboard Florida’s MiamiCentral, and the company has released more information about the project to the Herald.  The first towers will open in 2017 and include 800 rental apartments in two towers. A 39-story tower will include 450 units, and a 33-story tow…

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…

Moishe Mana Spends Another $7.8 Million On Downtown Property

Moishe Mana continues to accumulate land in the Flagler Street area.  Mana Sets Sights South of Flagler Street.  Israeli Businessman Makes $7,800,000 Purchase.  Israeli businessman Moishe Mana has turned his vision south of Downtown Miami’s Flagler Street…

Ridiculous Amenity Alert : Estates at Acqualina Will Have a FlowRider, Ice Rink, Etc.

As the Acqualina Resort gets closer to the completion of its first big expansion, the tall and slim Mansions at Acqualina tower directly to the south, here comes the second: the Estates at Acqualina, on the property’s north side. Here, two ‘mansions’-sized towers of 50 floors each will contain…

Capture the flag: Billionaire Still Wants to ‘Give Back’ to MIA with Huge Flagpole

Mike Fernandez is back, people, with his plans to erect a massive American Flag in Museum Park out of gratitude for all this country and city have done for him, even though the city didn’t seem to show much gratitude back when he first proposed the idea. The ‘Flag of Gratitude’ would be on a 425…

You Got Schooled: Buy an Abandoned Key West School, for $12.5 Million

Key West’s Jeptha Vinning Harris School was “built as one of the first schools in Florida” in 1905. It was dedicated in 1909, and served as Key West’s elementary school until the last class graduated in 1986 (it also served as a high school until 1915, when another school was built). Then it was …

Sleeping Around: The James Hotel brand has…

The James Hotel brand has officially exited from the James Royal Palm Hotel after only about two and a half years of existence, which means Curbed Miami, which is almost three years old, has officially stuck around longer in Miami than it has. Remember how the James was kind of a big deal when it …

Development update-o-rama: 24 Condo Buildings Proposed for Bay Harbor’s East Island

Developers have proposed the 24th new condominium building for Bay Harbor Islands in this boom, a building called the Bay Harbor Gardens on the 1100 block of 93rd Street. Being built on three vacant lots that total half an acre, the eight story…

on the market: Homestead’s Paradise Farms (and B&B) is For Sale

Paradise Farms, once an abandoned avocado grove that has since been turned into South Florida’s premier organic farm, with its small bed & breakfast and celebrated charity dinner series, is for sale. The listing: unlisted. The price: well, it was $2.4 million, but since only being formally on…

The Game Changers in Transforming Miami

On February 25, 2015, Suzanne Amaducci-Adams moderated the first event in the Greater Miami Chamber of Commerce’s three-part series, Transforming Miami: The Game Chan…

Developer Gets $40M Financing For Mayfair In The Grove

New York-based Natixis Real Estate Capital delivered both proceeds and structure that will allow West Palm Beach-based Whalou Properties an ability to achieve their long term investment goals for its mixed-use development…

Photos: On the scene at Three Hundred Collins launch party

New York-based JMH Development recently launched sales for Three Hundred Collins, which is designed by Thomas Juul-Hansen.  JMH founder Jason Halpern, along with architect Thomas Juul-Hansen, hosted…

Florida leads the U.S. — again — with number of foreclosures…and more

Florida leads the U.S. in number of completed foreclosures.  Nationwide, foreclosures were down on a year-over-year basis — with the number of completed foreclosures in Florida down by nearly 3 percent in January of this year, according to a CoreLogic report…

Hines and partner to break ground on 550-unit apartment complex in Doral

International real estate firm Hines and its partner Diversified Real Estate Capital are set to break ground on a $134 million apartment development in Doral.  The project is a joint venture between the two firms, marking their second apartment development in South Florida…

Panelists announced for TRD’s Broward County Real Estate Forum & Showcase

We’re thrilled to announce some of the panelists for The Real Deal South Florida’s Broward County Forum & Showcase, which will take place April 23 at the Design Center of the Americas in Dania Beach.
Panelists for the first of two panels, What’s next for development i…

ADD Inc. tapped for Shore Club renovation

Architecture and design firm ADD Inc., now with Stantec, is the architect for the Shore Club’s renovation, which will include a five-star hotel brand and luxury condos, the firm announced recently.  HFZ Capital Group paid $175.3 million…

24th new condo building proposed for Bay Harbor Islands

Developers have announced a 24th new condo building for the town of Bay Harbor Islands — a community of nearly 5,900 residents — located in the barrier island area of Northeast Miami-Dade County.  The new project — dubbed the…

Q&A with Dan Lebensohn, co-developer of Privé at Island Estates

Developers of Privé at Island Estates in Aventura have been locked in a battle with homeowners who oppose the development and the installation of sidewalks, and the resulting delay by the city in issuing building permits. After months of litigation, the developers last week…

Are Linear Parks The Answer for Miami?

Miami is known for its enviable quality of life, but some forward-thinkers are working to enhance that quality with a strong focus on maximizing the value of public spaces….

Lennar Makes Land Grab in Hot South Florida Market

Homebuilders are scrambling to meet the rising demand even as land becomes more difficult to find in South Florida. Look what Lennar Homes found….

10-Year Relationship Lets Greenberg Attorney Close on Setai

An unshaven Ralph Bekkevold left his family and the damaged Greenberg Traurig offices after Hurricane Wilma to close a deal for a client that ended up being Nakash Holdings. Since then, Bekkevold says the Nakashes have treated him like family…

NextEra/ FPL: World’s most ethical company? That has to be a joke?

I grabbed the following off NextEra’s website:NextEra Energy recognized as a World’s Most Ethical Company® for eighth timeJUNO BEACH, Fla., March 9, 2015 /PRNewswire/ — NextEra Energy, Inc. (NYSE: NEE) has been named a 2015 World’s Most Ethical Company® by the Ethisphere Institute, an indep…

Here is another example of government failing to do its job and breaking its promises to you, because of the overbearing weight of businesses and their profit at the Port of Miami

The difference — and break with the recent past? That there is one county commissioner willing to call out Mayor Carlos Gimenez for failing to stand up for the laws of the land protecting the irreplaceable treasures of Miami-Dade County. That would be Daniella Levine Cava, District 8 County Commiss…

Old Pics: 1937 newspaper ads for Miami Beach nightclubs and restaurants

From the Miami Daily News, Jan. 9, 1937: Mother Kelly’s; Riptide Club.

Commissioner Dennis Moss and Mayor Carlos Gimenez Request Amendment 1 Money From State to Purchase Rock Pineland. 

Letter from the Mayor and Commissioner Moss asking for money to purchase endangered Rock Pineland Parcel of land: I am told the developer Ram is not willing to sell. Is that a ploy for more…

Greater Downtown Miami faces 11-year supply of new condo units

The Miami Downtown Development Authority — a public taxing agency responsible for promoting economic investment in the area — should be applauded for knowingly releasing at this time of year a new 44-page study with a bearish outlook about the future of the local condo market…

Mana Downtown Mania: Moishe Mana has bought more…

Moishe Mana has bought more Flagler Street property, not that anyone should be surprised in the least. Here’s another piece he recently bought. The man’s private downtown kingdom (not including the big chunk of Wynwood he also owns) now entails nearly 5 acres of land. “From a distance it may seem li…

Construction Watch: Construction at Downtown Miami’s Centro…

Construction at Downtown Miami’s Centro condo tower has passed the halfway point towards toping off, reaching the 21st of 36 floors. GoldenDusk Photography says they’ve reached the halfway point of construction too, but we can’t confirm that. More photos, this way. [Golden Dusk Photography; Centro c…

WSJ Deal of the Week: Move Over, Mall of America; Bigger Extravaganza Planned in Miami

Most shopping-mall operators are shying away from new construction, especially as e-commerce cuts into foot traffic. Apparently a Canadian firm doesn’t have the same concerns: It aims to build not only a new mall, but the biggest mall in the U.S…

LeFrak and Soffers team up to develop Biscayne Landing

Creating a South Florida partnership that unites two real estate dynasties, Richard LeFrak, chairman and CEO of LeFrak and Jeffrey Soffer and Jackie Soffer, principals of Turnberry Associates, said they have entered into a joint venture to develop Biscayne Landing i…

The Biggest Investor Challenges of 2015

Miami — No one can know what to expect–or when. That’s what David Lynn, CEO and co-founder of Everest High Income Property, told GlobeSt.com’s Jennifer LeClaire in part four of this EXCLUSIVE interview. Find out what else he had to say….

Diego Besga: hat Foreign Condo Buyers Really Want

Miami — GlobeSt.com caught up with H3 developer Diego Besga to discuss his approach to development and how he views the affordability gap in this exclusive interview….

Peeking Inside Bacardi Building’s Jewel Box Annex

When the Bacardi Rum Company needed to build an expansion to their Biscayne Boulevard headquarters, originally designed by Enrique Gutierrez in 1963, they hired architect Ignacio Cabrera-Justiz to design an annex building that would be constructed in the plaza behind the original building in 1974…

Le Macaron Opening in the Grove

Add this to the growing list of new food outposts in Coconut Grove — South Florida Business Journal is reporting that macaron chain and bakery Le Macaron is opening in Cocowalk this Fall.  The Sarasota-based French pastry chain signed a five-yea …

Thomas Juul-Hansen, a New York Society Architect and a Socialist, Designed the Luxurious Three Hundred Collins

Thomas Juul-Hansen seemed to be in a good enough mood, but he looked a little bit marooned at sea at the launch party for Three Hundred Collins, claiming to “never go to these things except when it’s my own project and I have to”, his first building in Miami. An architect to New York’s…

American Dream Mall: Raquel Regaldo Responds to Mayor Carlos Gimenez

Raquel Regalado announced she is running for Mayor. This video takes a moment to load but worth the wait. I am happy about her running. No more theme park ideas to deal with. If you watch you will see she will destroy him in debates. His head will be tilted (his tell) so far it might end up in his…

New Terranova buildings geared to expand Lincoln Road district

Terranova Corp. is developing two new three-story buildings near Meridian Avenue in Miami Beach, bringing additional retail stores and a rooftop restaurant to the Lincoln Road area, Chairman Stephen Bittel told…

Worldcenter, Largest Project in Miami History, To Begin Construction ‘In Four Or Five Weeks

Construction on Miami Worldcenter will begin in four or five weeks, a representative of the developer said last week.  The announcement came as Miami commissioners approved a second reading of the Worldcenter development agreement at a February 26 meeting. The vote was necessary due to a lawsuit…

USA Today on Miami’s Downtown Booms

At 6:30 p.m. on a Wednesday, 55 people are locked in a downward dog pose in a downtown pavilion by Biscayne Bay.  It doesn’t matter that it’s uncharacteristically cold and rainy. Instructor Paul Richardson is committed to keeping the yoga class going for the full hour and 15 minutes…

The GOP, the Kremlin Winter and Florida’s Future

The weekend news from Florida went viral: Tristram Korten, for the Florida Center for Investigative Reporting, writes that Florida’s environmental officials “have been ordered not to use the term “climate change” or “global warming” in any official communications, emails or reports.”As the news…

Construction Watch: MiamiCentral Foundation work happening now…

Foundation work is happening now at All Aboard Florida’s MiamiCentral downtown train terminal, Miami’s “grand central station”. Suffolk, the contractor is driving 1,680 piles into the ground, some going 60 feet, and some 115…

Miami-Dade County seeks to block shopping center via land purchase

Miami-Dade County wants to purchase an 88-acre tract of land near ZooMiami to block a proposed mixed-use development.  The project was announced by  Palm Beach County-based developer Ram Realty Services last year and would include…

Which Asset Classes Will Grow in 2015?

Miami — David Lynn, CEO and co-founder of Everest High Income Property, sees plenty of momentum across the commercial real estate board in 2015. But let’s get more specific…

New Terranova buildings geared to expand Lincoln Road district

Terranova Corp. is developing two new three-story buildings near Meridian Avenue in Miami Beach, bringing additional retail stores and a rooftop restaurant to the Lincoln Road area, Chairman Stephen Bittel told The Real Deal. The new sites, at 723 Lincoln Lane and 801 Lincoln Road, are geared to expand…

Walgreens in Broward sells for $8.4M

A Walgreens in Plantation recently traded for $8.4 million.  The single-story, 12,018-square-foot building was purchased by Ronald and Margie Alter, who live in Boca Raton.  The couple purchased it from Evans Drugstore Plantation, which is tied to agricultural land-management…

Westin Fort Lauderdale hotel escapes foreclosure

Traffic can be good, or at least useful

In Aventura 2 fleeing armed robbers didn’t account for Aventura traffic. Stuck in a traffic jam they were quickly apprehended. One for traffic, zero for the bad guys. I would have fled on foot to the mall and tried to blend in. Note to robbers: don’t plan on swimming up in North Dade, Haulover Park …

The Bacardi Building’s Jewel Box Annex is Even More So, Inside

Ridiculous Amenity Alert: In addition to all the…

In addition to all the more common luxe amenities like pools, spa, meditation garden, game room, and screening room, the Ritz-Carlton Residences Miami Beach, formerly known as the Miami Heart Institute, will have an art room, and access to a VanDutch day yacht for residents’ use. We’ve heard of…

Development Update-O-Rama: Meyer Davis Studio, the interior…

Meyer Davis Studio, the interior design firm doing Michael Schwartz’s new restaurant at the Paraiso Beach Club, has released sketches of what that restaurant will look like and floor plans of the entire building, which will occupy Paraiso Bay Park (which was supposed to be a park, right?). There ar…

Underline This: James Corner Field Ops Picked to Masterplan the Underline

Out of 19 submissions and five finalists, James Corner Field Operations, the landscape architecture firm that designed the High Line in New York, was picked to master plan The Underline, the planned linear park underneath the Metrorail. James Corner Field Ops is also doing…

Marrying exotic cars with pricey real estate at Prestige Imports

Prestige Imports, sellers of exotic cars — Lamborghini, Lotus, Pagani and Audi — is getting into the luxury real estate game, The Real Deal has learned.  Recognizing…

Miami-Dade County development site sinks into foreclosure

A stagnating development near ZooMiami is set to be auctioned off after its developer’s $3 million mortgage went into foreclosure.  An affiliate of Texas-based E Capital Partners recently won a $3.1 million foreclosure judgment against developer Eureka Miami Partners…

Waterfront Hillsboro Beach condo project 50 percent sold

1200 The Ocean, a waterfront condo development in Hillsboro Beach, is more than 50 percent sold, developers recently announced.  The 18-unit project ranges from $895,000 to more than $2.35 million. Richard Jones designed the boutique condos, which will include gourmet…

6,700 new rental units to test Greater Downtown Miami market

Question: The recent report from the Miami Downtown Development Authority states that 6,700 new rental units are in the pipeline for the Greater Downtown Miami market. Can Miami absorb that volume of new apartment units without hurting the rental market?  Technological…

The Skinny on Class B, Tertiary Investing

Miami — Everest High Income Property’s David Lynn tells GlobeSt.com’s Jennifer LeClaire how he sees investors responding to class B, class C and secondary and tertiary opportunities in part two of this exclusive interview….

Thorn in Developer’s Side, Couple Says They Were Cut Out of Surf Club Redevelopment Deal

Even as construction proceeds on the luxurious revamp of Surfside’s famed Surf Club, a couple who were members of the landmark is suing the project’s developer…

Beach chamber of commerce denies Baptist membership

The latest high-profile drama in South Florida’s competitive healthcare market is playing out in the halls of the Miami Beach Chamber of Commerce.  Baptist Health wants to open an urgent care center in Miami Beach, the home of Mount Sinai Medical Center. Baptist is proposing the facility, complete with diagnostic offices…

Miami-based 100 Montaditos operator files for bankruptcy

The Miami-based operator of 100 Montaditos’ Florida locations has filed for Chapter 11 bankruptcy.  Francisco Cernuda, the CEO of the Spain-based restaurant’s American locations, filed to reorganize 100 M Operator LLC…

Peeking Inside the Frost Museum of Science

We put on our hard hats and got a first-hand look inside the construction of the new Patricia and Phillip Frost Museum of Science, which opens in 2016. Right now, there’s a lot of concrete and rebar, but we could finally see how the museum is coming together, and it’s impressive…

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 billio…

Worldcenter To Begin Construction ‘In Four Or Five Weeks,’ Largest Project In Miami History

Construction on Miami Worldcenter will begin in four or five weeks, a representative of the developer said last week.  The announcement came as Miami commissioners approved a second reading of the Worldcenter development agreement at a February 26 meeting. The vote was necessary due to a lawsuit by…

Four New Lobbyists Registered Yesterday To Represent Resorts World Miami

Four lawyers registered yesterday (March 4) with Dade County as lobbyists representing Genting’s Resorts World Miami.  Javier F. Aviñó, a Partner in Bilzin Sumberg’s Land Development & Government Relations Group, Albert E. Dotson, Jr., a Bilzin Sumberg partner w…

Miami Moves Up In Ranking Of Most Important Cities For Ultra-Wealthy As Chinese Move In

Miami has moved up in the closely watched Knight-Frank survey of cities that are most important to ultra-high-net-worth individuals.  In the survey, Miami ranks sixth in the world, compared to a seventh place ranking in 2014. In the western hemisphere, only New York ranks higher.  The report…

Revenge of the megaprojects: The Country’s Largest Mall Could Be Coming to Miami

Added to the laundry list of malls under construction, about to go under construction, or in major expansions (Brickell City, Miami Worldcenter, Aventura Mall, the Design District, etc. etc.) is the biggest, most ridiculous one of all. The Miami Herald reports that the owners of the Mall of America…

Lots o’ slots: Oh mama, the Resorts World…

Oh mama, the Resorts World Miami casino battle is back on! A bill that sounds like it’s basically designed just for Genting’s Resorts World and maybe one or two other megacasinos in South Florida has been introduced in the State legislature, and includes extensive provisions, like a $2 billion mini…

Ten Reasons it is Better to Live in Miami than New York

Last week we mentioned the longstanding tradition of Miami-New York migration while complaining about the relatively new interloper in that situation, Los Angeles. But we didn’t want you to get the idea that we approved of life in New York City. Oh, far from it…

Houses of the Holy: Biscayne Boulevard’s Church-Topping Tower is A Go Go

Biscayne Boulevard’s giant church-topping-tower is a go go, having received historic preservation board approval, in only slightly less bad form than before. The parking garage that’s suspended over the church is being set back a little, which makes it look like a little less like it’s about to…

Drones: While some municipalities across the…

While some municipalities across the country are freaking the fuck out over drones, Miami-Dade County wants more, and is establishing a “drone and robotic hub” at the Miami Executive Airport out in Kendall. It’s mostly a marketing push, but it’s meant to encourage airborn innovation to go to a part …

Lifestyles of the Rich and Richer: The Miami River Commission has…

The Miami River Commission has approved an updated plans by architecture firm Bermello Ajamil & Partners for the Miami Mega Yacht Marina, now called SeaVault. The project now contains births for 14 mega yachts instead of 16, with living quarters for captain and crew and secured vehicle parking a…

National Commercial Real Estate News Roundup For March 5, 2015

2014 brought strong SW Florida commercial markets, Chase explores consolidating operations in a new skyscraper in the DFW area, U.S. office investment hits 7 year high: It’s all here in the Commercial Real Estate News Roundup for March 3, 2015

Miami’s Brickell Among Most Expensive Office Markets In Americas

Brickell ranked 10th with average rent of just over $50 per square foot…

Developer wants to build largest mall in U.S. near Miami Lakes

The developer responsible for Mall of America in Minnesota, currently the largest mall in the United States, is planning to outdo itself in Miami.  Dubbed American Dream Miami, the mall would double as a theme park with simulated ski slopes, a Legoland…

New Terranova buildings geared to expand Lincoln Road district

Terranova Corp. is developing two new three-story buildings near Meridian Avenue in Miami Beach, bringing additional retail stores and a rooftop restaurant to the Lincoln Road area, Chairman Stephen Bittel told The Real Deal.  The new sites, at 723…

Peebles sells oceanfront resort in Florida Keys

Peebles Corporation just sold a resort in the Keys to a Maryland-based hotel brand.  Baywood Hotels, which owns four hotels in South Florida, purchased the 80-room Key Colony Bay Resort for an undisclosed amount.  The oceanfront resort, which sold o…

Jeff Greene picks up 29.5 acres of industrial property in Palm Beach County

Billionaire real estate investor Jeff Greene just scooped up 29.5 acres of industrial property in unincorporated Palm Beach County next to Florida’s Turnpike for $7.1 million.  The property is made up of two vacant lots stacked on top of each other at 1501 Meathe…

Allegiance Crane rental company expands to 45K sf in Fort Lauderdale

Allegiance Crane, a crane rental company, has expanded to a second location in Broward County, commercial realtor Sperry Van Ness announced Thursday.  The company will split 45,000 square feet between office building and warehouse at 1700 to 1800…

Developer repositions Boca Raton country club condos

Plans for Florida-based developer Richard Siemens’ high end condos at Boca West Country Club now include more condos — some of which will be less than $1 million.  Construction on Akoya at Boca West will begin this month, the Sun Sentinel reported. The …

Preservation board endorses revised plan to build garage on top of historic church

Miami’s historic preservation board has given its blessing to developer Fifteen Group for its proposed rooftop garage suspended over the Christian Science church on Biscayne Boulevard.  Fifteen Group first approached the board a month ago with its plan…

Flashback Friday: Miami Beach High History in Photos

Miami Beach Senior High began life as Ida M. Fisher High School — named after developer Carl Fisher’s mother — in the heart of South Beach on Drexel Avenue in 1924. It was later renamed Miami Beach High School and was moved to Prairie Avenue. Designed by August Geiger, Miami Beach High is the second-oldest high school…

Related’s $7.4M affordable housing project opens in Miami

Related Group’s affordable housing division celebrated the grand opening of a 7.4 million affordable housing community in Miami’s Shenandoah neighborhood Thursday morning.  Edificio Piñeiro, an affordable elderly rental building developed by…

Strategic Advice for Young CRE Professionals

Miami –“With the commercial real estate market strengthening, the timing is right for younger professionals interested in growing their careers in the real estate field,” JLL’s John Gilbert tells GlobeSt.com’s Jennifer LeClaire in part two of this exclusive interview….

Michael Grunwald on Jeb Bush and the Everglades …

As a first-hand participant and environmentalist during the Jeb Bush terms, it’s my observation that the key point about Jeb Bush gets made by Mike Grunwald but somewhat diluted in his analysis: that Jeb Bush does not tolerate dissent, that his decisions on the environment were based on pre-determin…

1000 Friends of Florida urges citizens to contact legislators on the latest awful ideas from the Great Destroyers

This is an important announcement from 1000 FoF. If you have time today, please call your state legislator.The House of Representatives is expected to vote tomorrow (Thursday, March 5) on House Bill 7003, a massive 94-page water resources bill which has drawn concerns from 1000 Friends and its…

Ecobus: Bringing Urban Agricultural Living to Wynwood

I stand in a lot just off NW 5th Avenue on the outskirts of Wynwood, a low-lying greenery extending from the curbside and wrapping around the block toward residences and billboards.  There’s plenty of grass, Spanish nettle, and piles of mulch dotting the landscape, but the battle against the typical urban refuse…

Perez Makes a Billion More

2014 Was the most profitable year ever for Related Group, helping Jorge Perez to increase his net worth by over 50%, Forbes wrote.  The magazine’s latest survey of billionaires lists Perez’s net worth at $3.1 billion. Just 12 months ago, the magazine estimated his worth at $2 billion. In 2013 he was valued at $1.2 billion…

Embattled SooWoo Miami Beach Now Closed

Well that was quick. Only open for about three months, SooWoo Miami Beach has officially closed according to Miami.com.  Tuesday evening was the restaurant’s last night of service with tables and chairs already removed from the premises by this morning, says the…

A Battle Over Development in Shorecrest

Two dramatically different visions of what constitutes an ideal urban community are at the heart of the latest battle over development along the Upper Eastside…

Comments Regarding University of Florida Water Institute Report on Water Storage to protect Florida taxpayers…

Comment by Richard Grosso, long-time attorney for the public interest: “Those willing to put profits or campaign contributions over restoring south florida’s drinking water, flood protection and ecological needs have been claiming that they will only act on “science”. The day before session begins a…

Help send a message to the state legislature: support the buyout of FECI properties and create Ludlam Trail the way residents want…

If you have time and interest this weekend, check out efforts by citizens, civic activists and land use planners to create a unique linear park in one of the most under-served areas of the county. Their plan depends on cooperation by one of America’s biggest hedge funds, Fortress Capital whose top

The Chinese Interpret The American Dream for Miami and it is a Mega Shopping Center with a Theme Park

Site of the American Dream Project in Red -It was recently put inside the UDB line. I am pretty sure Julio Robaina owns some of this land.Now the Chinese is from the Chairman of Triple 5. It says “You dummies in Miami w…

866-Foot Downtown Tower Called Liquid Lofts In The Planning Stage

Architect Charles Sieger could be planning a residential tower in downtown Miami.  Earlier this month, an application was submitted to the feds to build an 866-foot tower called Liquid Lofts. It would be located at 37 SW 1st Street, on what is currently a parking garage. The applicant could not be de…

Tibor Hollo Gets $340 Million In Financing To Build Miami’s Tallest Tower

Tibor Hollo’s Florida East Coast Realty has obtained a $340 million construction loan to build the 82-story Panorama Tower at 1101 Brickell Avenue.  Panorama is set to become the tallest building in Miami at 82-stories, or 830-feet above sea level, with a possibility of being…

Residence Inn by Marriott breaks ground in Miami’s Flagler Station

Driftwood Hospitality Management will break ground on its first EB-5 funded project Wednesday, the company announced.

After 19 Months Of Demolition, Former Herald Building Is Gone

Andres Viglucci’s tribute to the building…

Preservation Board Approves Plan To Build Residential Tower Above Historic Biscayne Boulevard Church

Fifteen Group won approval to build a 350-unit residential building above the historic Christian Science church on Biscayne Boulevard, but it will be an expensive proposition for the developer.  Andres Viglucci reports that Miami’s historic preservation board voted in favor of…

Brazilian Developer Buys Chicken Lot Across From Mary Brickell Village; 48-Story Ibis Hotel In The Works

The ‘chicken lot’ across from Mary Brickell Village has been sold to a Brazilian developer, and a 48-story project could be coming.  GW Brickell LLC, is the buyer. The company is managed by José Luis Galvêas Loureiro, the founder of Galwan, a developer based…

Forbes: 2014 Was Best Year Ever For Related Group, Jorge Perez Worth A Billion More

2014 Was the most profitable year ever for Related Group, helping Jorge Perez to increase his net worth by over 50%, Forbes wrote.  The magazine’s latest survey of billionaires lists Perez’s net worth at $3.1 billion. Just 12 months ago, the magazine estimated his worth at $2 billion. In …

Aventura homeowners demand condo developer remove sidewalk

A group of homeowners in Aventura asked a judge to make the developer of the Prive at Island Estate condominium remove a sidewalk running through their properties in a dispute that already has led to two arrests…

Republican Releases Bill That Would Allow Casino Resorts In Miami, With High Entry Barrier

A bill that would permit destination resorts was released by House Majority Leader Dana Young yesterday, but the cost will be high for potential casino operators.  Genting, Las Vegas Sands, or other interested operators would be required…

Hangover Observations: This is a Bar Modeled After a City of Miami Trolley

Remember that report from the Downtown Development Authority that came out earlier this week that made major waves through the real estate community basically because it said real estate prices in the Downtown area were leveling off and that the boom had cooled a bit?

Parks & Rec: Brickell Flatiron Model Shows Nearby Park Spaces Preserved

Hey Brickellites, remember when the fight for the future of Brickell Flatiron Park was a big thing? The park has been around for a while now, with the sales center for Brickell Flatiron occupying some of it recently. There is a model of the future condominium tower inside that sales center that…

Eulogies: The Miami Herald Building is Completely Gone

The last girder of that grand, hulking dame, the old Miami Herald Building, formally known as One Herald Plaza, fell yesterday, leaving nothing but blue sky, a mountain of rubble, and the mystery of what might follow in its place. In a long, sent…

Baylink is back: Officials are now talking about…

Officials are now talking about funding sources (yay!) and a three-year study to identify the adverse environmental and social impacts of BayLink, the absolutely vital proposed light rail system that would connect Downtown Miami with Miami Beach. Of course having to wait three more godforsaken yea…

Starchitecture Watch: Renzo Piano’s Plan for Biltmore Terrace Got Approved

The Renzo Piano-designed plan to replace the historic Biltmore Terrace was approved at yesterday’s Design Review Board, reports the Real Deal Miami (Which has a few facts wrong. From what we can recognize, the MDPL officer’s name is Daniel Ciraldo, not Michael, and that’s the wrong rendering bub)…

Lack Of Seaport Terminal In Jacksonville Has Company Opt For Miami Instead

Applying for public incentives to build its $30.1 million headquarters, Exquisite Import/Export Trading Co. is moving its headquarters from South Carolina to the Miami River…

Coconut Grove Playhouse Shady Dealings?

I got a call last week from County Commissioner Xavier Suarez, he said he wanted to personally invite me to the Commission meeting on March 12. It involves an update on the Playhouse. His office was going to send me more information, they have not…

Commercial real estate outlook bright: JLL’s Pulse360 panel

South Florida’s prime office rental rates could rise as much as 15 percent to 25 percent during the next two years, as absorption increases and construction of new wo…

River Landing development gets $7.5M in county funds

The River Landing development in Miami has won approval by the Miami-Dade County Commission for $7.5 million from the Economic Development Fund.  The development had requested $12.5 million in assistance from the county for infrastructure…

Developer of Panorama Tower lands $340M construction loan

Florida East Coast Realty, which is developing the Panorama Tower on Brickell Avenue, has secured a $340 construction loan for the project.  Wells Fargo Bank, acting on behalf of a group of lenders, provided the mortgage to TWJ 1101, an FECR affiliate, a publication reported….

New Miami real estate firm to service Chinese buyers

A new real estate firm is opening in Miami, and it’s focusing on helping Chinese investors buy in South Florida.
American Da Tang Realty, Chinese businessman Dr. Shanjie Li’s latest venture in Miami, will celebrate its grand opening Thursday.  Li is the firm’s…

Cresa parts ways with CEO Jim Leslie

Cresa, one of the largest tenant-focused corporate real estate companies, has reportedly parted ways with its CEO Jim Leslie.  According to an email sent out to Cresa em…

Plaza, DevStar Ink $85M Construction Loan

It’s one of the largest construction loans offered to a South Florida developer this year…

What Concerns Fannie and Freddie

PNC Realty’s Daniel Cunningham moderated a discussion between John Kovacevich, director of Fannie and Richard Martinez, vice president of Production and Sales at Freddie, to get some answers during RealShare Apartments East in Miami last week….

Wynwood Finally Gets a Craft Beer Market

It was only a matter of time that the neighborhood producing the most craft beer in Miami would have a beer market — and that time is now as Boxelder Craft Beer Market has officially opened in Wynwood.  Located right next door to the Ducati shop on 2825 …

Comments Regarding University of Florida Water Institute Report on Water Storage to protect Florida taxpayers

Comment by Richard Grosso, long-time attorney for the public interest: “Those willing to put profits or campaign contributions over restoring south florida’s drinking water, flood protection and ecological needs have been claiming that they will only act on “science”. The day before session begins a…

Former Navarro Discount Pharmacies HQ building sold for $18 Million

The building that formerly served as Navarro Discount Pharmacies’ headquarters in Medley was sold for $17.85 million.  NDC Properties, an affiliate of Miami-based MMG Real Estate led by Marcel L. Navarro, sold the warehouse/office at 9400 N.W. 104th Street to Columbia Florida 104th Industrial, an…

Failed Doral Bank made $20M loan to Wynwood developer in final week

A week before Doral Bank was closed by federal regulators, it made a $20 million loan to a company managed by Israeli investor Moishe Mana for 17 different properties around Miami’s Wynwood neighborhood, according to Miami-Dade…

Museum of Science Construction Update, with Pics

Construction is going just swimmingly at the Frost Museum of Science. As you can see in these construction photos, the giant fishtank, ahem, shark tank known as the Gulf Stream Tank, is in, with that big hole in the bottom that will hold the ginormous oculus. The spherical planetarium is also in, and other…

Old Pics: Miami and Miami Beach Playboy Clubs
Miami Playboy Club, 1961.  Miami Beach Playboy Club bunnies with SammyDavis Jr. in the early 1970s.  Miami Playboy Club bunnies, late 1960s.  Miami News, Jan.15, 1961.  Miami News,  Jan. 17, 1961.

Jim Leslie no longer CEO of Cresa

Longtime Dallas real estate executive Jim Leslie is no longer CEO of Boston-based Cresa LLC, one of the largest tenant-focused corporate real estate companies, according to sources inside the company.  An email was sent out to Cresa employees late Tuesday saying Leslie and Cresa parted ways…

Julian Schnabel Made Brickell Flatiron’s Wonderful, Sort of Weird, Sales Center a Giant Piece of Art

Site prep for the planned Brickell Flatiron tower will be underway before the end of the month when demolition of Baru, a restaurant occupying the corner of the tower’s lot, completes. Although the building itself was designed by Luis Revuelta, the sales center, which…

In December, Prices For Homes In Miami Rose The Fastest Nationwide

Home prices in Miami rose faster than any other major U.S. city in December, according to the S&P/Case-Shiller Home Price released.  Miami home prices rose 0.7% for the month. Nationally, home prices were down 0.1% on average for the month.  For the full year 2014, Miami ranked second nationwide w…

Jeremy Larkin Named Secretary of NAI Global 2014 Members’ Leadership Board

Larkin will also serve on the NAI Global Board’s Coordination Council, comprised of executive committee officers, past chairs, and NAI Global’s executive leaders.

West Palm apartment complex sells for $10M

An apartment complex in West Palm Beach sold for $10 million, according to Broward County records.  Essex House apartments, at 537 South Sequoia Drive, sold to HH Essex House last week. The 3.85-acre site last sold for $3.45 million in 1985.  Bajon Enterprises…

Chatham Lodging Trust moves headquarters to West Palm Beach

A hotel investment company and its independent management firm are moving their headquarters to the Esperanté Tower in West Palm Beach, leasing agency Cushman & Wakefield announced Tuesday
Chatham Lodging Trust and Island Hospitality, which together manage…

Greater Downtown Miami faces 11-year supply of new condo units

The Miami Downtown Development Authority — a public taxing agency responsible for promoting economic investment in the area — should be applauded for knowingly releasing at this time of year a new 44-page study with a bearish outlook about the …

Tri-Rail seeks funding to open downtown Miami station

Tri-Rail wants to bring its commuter rail service to downtown Miami. The catch: It says it needs $69 million in funding to make the project happen.  During a round-table talk on Tuesday, officials discussed ways to get Miami-Dade County and the city of Miami…

Shariah-Compliant Financing Added Twist to Sale

Merrick Plaza Sale Familiar Turf for Sperry’s Lonardo

John C. Lonardo represented the seller in the Jan. 26 sale of the Merrick Plaza Office Building for $14 million.

Miami’s Greater Downtown condo market cooling down: report

The downtown Miami condominium market is cooling, as many foreign investors retreat to the sidelines amid currency devaluations against the U.S. dollar, according to a report released Tuesday by Miami’s Downtown Development Authority.  The presale absorption of units has slowed…

Ross to Open 4 South Florida Stores

More stores means more discounts for Ross Dress for Less lovers: The retailer will open four stores across South Florida…

Parkhaus 1 is Coconut Groves Own Porsche Boutique

If you wander down SW 28th lane, on the other side of the highway, you never know what you’ll find. I usually start out at Shell Lumber and end up down at The Daily Bread. In between there are all sorts…

Pics from 1961: Miami Playboy Club at 7701 Biscayne Blvd.

Miami News, Jan.15, 1961.  Miami News,  Jan. 17, 1961.  Miami News, April 8, 1963.

Rumor and Truth Factory: Miami Dade County

Yes I do report rumors and truth… Codina Partners in February hired a shitload of lobbyists. Now what is he up to?Lennar’s Mega-Development Parkland, (on the wrong side of the Urban Development Boundary) a DRI from 11/2005 — according to the South Florida Regional Planning Council is still alive….

Downtown Miami Formula E Deal in Works

As days wind down to the inaugural Miami ePrix downtown March 14, city commissioners will consider cementing a deal to host the Formula E races for the next five years.

Fine Herald OPED by Dan Gelber …

I would have added something about climate change denial and the awful state of Florida’s Water Wars, the fate of Amendment 1 and Fair Districts, but Dan Gelber makes a clear and convincing argument that Florida could be so much more … The state of the state is strong, but . . .

Florida Water Wars turned to high boil … at stake: Miami-Dade water prices, the estuaries and the Everglades

Where do Miami-Dade state legislators fall, on the boiling Water Wars in Florida? Here, we seem curious immune to either the controversy or the political logjam to fix multi-billion dollar problems. Roughly speaking, that logjam is caused by Big Sugar’s insistence that its profits in the Everglades …

Publix Super Markets to invest in new stores and real estate in 2015

Publix Super Markets released its annual report on Monday, highlighting its profits in 2014 and plans for new stores this year.  The Lakeland-based grocer will invest $1.3 billion in new store construction, remodeling, technology and real estate, according to published reports.  Out of …

Metro 1 launches leasing for East End Capital’s Wynwood Arcade

East End Capital’s plans for a new Wynwood commercial space are now entering the leasing phase, Metro 1 announced.  The Wynwood Arcade, which consists of 20,000 square feet of retail and restaurant space at 74 Northwest 24th Street, breaks down into available spaces…

Downtown Miami Aria condo tower gets FAA approval

Aria on the Bay, an upcoming luxury tower from the Melo Group, was recently approved for construction by the FAA.
The 53-story tower had planned to build up to 535 feet,  but the FAA suggested to downtown Miami developers in January that they should limit the height…

Will Millennials Eventually Buy Instead of Rent?

Miami – The general consensus is that this demographic prefers to rent instead of buy, but could that change? That was one topic of discussion at RealShare Apartments East….

Michael Schwartz to Open Pop-Up Cafe in Design District

Miami.com is reporting that James Beard winning chef Michael Schwartz is adding another concept to his growing roaster of Design District restaurants come April 1. Named after his eldest daughter Ella Schwartz, it’ll be a pop-up breakfast, lunch and cafe just a f…

Baru Will Be Demolished By The End Of This Month To Make Way For Brickell Flatiron

Brickell Flatiron will be a step closer to the start of construction later this month.  Demolition of the former Baru building on the site will be complete by the end of March, according to a source at the developer. Crews are awaiting one final permit approval before beginning work.  With t…

This Is What Michael Schwartz’s Restaurant And Beach Club At Paraiso Bay Will Look Like

Meyer Davis Studio has released early sketches of the restaurant and Beach Club planned at Paraiso Bay.  Plans show a restaurant on the ground floor with indoor and outdoor seating. A lounge and bar occupy the second floor, along with with a pool deck.  This is the second project for New York-based Me…

Paraiso Bay Ownership Structure: Jorge Perez, Stephen Ross And Partners

Ever wondered who owns the massive Paraiso Bay project?  While the majority is controlled by Jorge Perez and Dolphins owner Stepehen Ross, there are significant stakes owned by others.  A breakdown is below:
PRH NE 31 Street , LLC breakdown of ownership: 100% Owner: PRH Investments, LLC.  PRH Inves…

Workplaces keep on shrinking — even for the status driven

It’s not your imagination.  That annoying coworker whos chomps on potato chips at their desk, enjoys kimchi for lunch and talks on their Bluetooth all day is getting closer and closer to you.  The American workplace is shrinking with companies alloting less and less square for cubicle domiciled…

Flashbacks: Fort Lauderdale Magazine looks at Stadium.

Fort Lauderdale Magazine looks at the history of Fort Lauderdale Stadium, once a spring training home for the likes of the NY Yankees and Baltimore Orioles and now empty and forlorn, as the city works on building a Schlitterbahn water park there and making the whole area a walkable urban hub.

Bike-opolis: Sure our bike lane infrastructure…

Sure our bike lane infrastructure is left a little wanting, but bicycle culture is booming in Miami, we have Citi Bike, and Miami-Dade County is showing its support by throwing a month of all-bike, all-the-time events. Highlights of Bike305 Month include bike polo, a weekend ride to Key Largo, and…

Development Update-O-Rama: Plans of One Brickell that…

Plans of One Brickell that the Related Group submitted to the Miami River commission for approval show a megaproject similar in layout to Related’s neighboring Icon Brickell: basically three towers, two residential and one hotel, with a large common pool and amenity deck in the middle, above a park…

The Impact is Being Felt

The University of Miami held its fourth annual Real Estate Impact Conference on February 18th at the JW Marriott Marquis Miami in Downtown Miami. In front of a standing room only crowd of approximately 600 people, both local and national real estate heavyweights spoke on topics such as Retail Evolut…

Coya to open first U.S. restaurant on Brickell Avenue

Trader Joe’s is coming to Davie

Despite rumors of a new Trader Joe’s in Miami, the grocery store chain is opening a store in Davie, the company announced today.  Trader Joe’s signed a lease at The Tower Shops on South University Drive and 23rd Street.  The 9,300-square-foot store is scheduled to open…

The Most Important Multifamily Factor of All?

Miami–What Real Source’s Michael Anderson said at RealShare Apartments East last week could change the way you think about developing multifamily on the East Coast….

Developers Pushing FAA for Sky-High Miami Towers

Just weeks after the Federal Aviation Administration pushed back against plans for high-flying Miami skyscrapers, developers are joining efforts to save their tall proposals.

Why Some Office Users Are Moving North to Broward

Why would multinationals prefer Broward County over Coral Gables or Downtown Miami? Hogan’s Stephen Smith gives GlobeSt.com’s Jennifer LeClaire his take on the topic….

A Rooftop Basketball Court for Nike Flagship on Lincoln Road?

Nike wants to build a basketball court and jogging track atop of a proposed flagship on Lincoln Road. The store would take over the corner…

Vintage photos of Miami Beach’s Lincoln Theatre

Check out these old photos from Miami Daily News on Jan. 15, 1936 of the Lincoln Road Theater opening.

More on Big Sugar’s Big Squeeze, The Estuaries, the Everglades and Florida taxpayers

Recently an anonymous reader commented on land ownership in the Everglades Agricultural Area and the deal to acquire US Sugar lands. The best chance for the taxpayer investment in the Everglades, to save what is left of the rivers and estuaries and billions in property values, is being snuffed out…

Big Sugar, The Big Squeeze, Estuaries and the Everglades

A picture is worth a thousand words. Here is a picture of the Big Squeeze: wealthy farmers — mostly through growing sugarcane — in the Everglades Agricultural Area between Lake Okeechobee in the center of Florida holding hostage the fate of public lands including water conservation areas…

The Rules For Representing Your Local Business On Google Maps

It’s monumentally important for any business open to the public to make sure it appears on Google Maps. It’s such a big deal that property management and commercial leasing professionals are adding consulting and value-added services to help tenants get that critical chore…