One Brickell’s Riverwalk, Rental Units, Parking & Other Details

Arquitectonica has released updated renderings of tweaked plans for One Brickell, the three-tower megaproject planned at 444 Brickell Avenue.  Related Group and GTIS Partners bought the property in 2014 for $104 million, with plans to develop the project in phases.  The developer recently told th…

Investing in NNN Triple Net Leased Commercial Real Estate Properties

Not all real estate investors are created equal. A large number of them simply are looking to place their hard-earned money into a safe haven to avoid the often unpredictable nature of the financia…

Four big developments proposed in Miami Beach…and more

Four big developments proposed in Miami Beach. Panorama Tower, Miami’s tallest tower, is about to go vertical.  More…

South Florida Office Tenants Beware of This Reality

Across South Florida there is very little office space under construction. Some say that translates to a huge demand for office space in three to four years. What should tenants do?…

Panel debates North Beach’s potential for hotel development

Real estate professionals say Miami Beach may need to intensify its efforts to encourage hotel development in the city’s long-overlooked North Beach area.  “There’s no reason North Beach s…

Politicians Are Negotiating Again On Revising Gaming Laws, Including Possibility Of Destination Resorts

Could 2015 be the year that Florida legalizes destination casino resorts?  In an interview with the News Service of Florida, incoming House Speaker Steve Crisafulli signaled that he is open to the idea of destination resorts. In previous years, conservatives in the House have stymied&n…

Toll Brothers Wants To Build Condos In Miami, Scouting For Sites

Toll Brothers, one of the nation’s largest home builders, wants to build condos in Miami, and is looking for development property.  Executives of the Pennsylvania-based company said on a conference call yesterday that they have been searching for land in Miami to expand their urban de…

With 60 Percent Of Units Sold, Developers Prepare To Break Ground On Muse Sunny Isles

Site work is underway at Muse Sunny Isles, with groundbreaking for the 47-story tower expected soon.  Developers say that they have sold 60 percent of the 68 units planned. Buyers have come from New York, Peru, Venezuela and Brazil.  Muse will feature futuristic amenities such as a robo…

Claim: Met Square Archaeological Dig Is ‘Proof’ Of Sea Level Rise

The archaeologist hired by MDM Development to dig at the Met Square site says that he has uncovered evidence that the sea level has risen at least a foot over the past 150 years.  Bob Carr told the Herald that he found bricks from Fort Dallas, dating back to the 1860s, that were submerged a foot belo…

Embattled nonprofit Plaza Health Network sells property, insider pockets millions

The original facility of the Plaza Health Network, the Hebrew Home of South Beach, was sold last year for $13.6 million.  When nonprofit Miami-Dade nursing home operator Plaza Health Network sold a prime slice of Miami Beach real estate for $13.6 million…

Guitar Center: Is It Doomed?

When trends analyst Eric Garland — a musician in his spare time — checked out the financials of the 262-location national musical instrument retailer Guitar Center, he heard a whole lot of noise. The company’s complicated history of involvement with …

Going from bad to worse: the new southbound exit at Ft. Lauderdale/Hollywood airport

The new southbound exit ramp out of the Fort Lauderdale/Hollywood International Airport funnels vehicles to an intersection so congested it is rated near the bottom for traffic flow, according to a study commissioned by state transportation officials.

Town’s class action RICO lawsuit says Florida public records law misused to extort settlements

Town of Gulf Stream in South Palm Beach County has rolled out the heavy artillery in its legal war against residents Martin O’Boyle and Christopher O’Hare, filing a class action RICO lawsuit F…

Miami-Dade commissioners find $30 million to fix iconic courthouse

Jeb Bush’s missing emails detail his lobbying support for Bacardi as contributions flowed

The mass release this week of emails covering presidential aspirant Jeb Bush’s years as governor omitted at least a dozen emails documenting behind-the-scenes lobbying support he gave to liquor giant Bacardi…

Federal highway agency takes a hit over safety report on electronic billboards

Why did the billboard cross the road?  It sounds like the opening line of a corny joke, but it’s actually a question raised by a baffling glitch in a Federal Highway Administration study on the safety of electronic billboards. Billboards that se…

History Lessons: To celebrate Miami Beach’s first…

To celebrate Miami Beach’s first 100 years, Ocean Drive Magazine has a nifty timeline of 47 big moments in the city’s history. From Rosie the Elephant to Gianni Versace, and of course Ocean Drive’s premier issue, there’s a lot of history on this little sandbar. Did you know the Shah of Iran came to …

Bikeshare-a-Palooza: Citi Bike Miami Beach Upgrades Will Finally Start on Monday

After a few delays, Citi Bike will finally start taking out old bike share stations on Miami Beach and installing new ones on Monday, according to an email sent out to members last night. They warn that things may be a bit hectic until the transition is completed, hopefully by March 15th…

Marvels of Zaha!: Construction crews at Zaha Hadid’s…

Construction crews at Zaha Hadid’s One Thousand Museum condo tower drilled down 160 feet for the augercast concrete pile foundations, the deepest augercast piles in Miami-Dade County. They’re needed to hold up the tower’s 62 stories stuffed with multimillion dollar apartments.

Curbed Maps: Ten of Miami’s Greatest Tiny Public Spaces

As Miami grows and urbanizes and the need for public space in the vertical city becomes more and more evident, the large efforts—bay walks, pedestrian streets, and new parks—will grab the most attention, but arguably more impact will be made by the smaller…

Privé-licious: Things are getting weird over…

Things are getting weird over at Privé. Developers Gary Cohen and Dan Lebensohn were able to get the Third District Court of Appeals to vacate a restraining order restricting them from finishing the sidewalk through the neighboring Island Estates that would allow them to build their two lux…

Going Up: Panorama Tower, Miami’s Tallest Tower, is About to Go Vertical

Foundation construction at developer Tibor Hollo’s Panorama Tower in Brickell, the future tallest tower in Miami, has reached ground level, and appears poised to go vertical any moment now. A full photo gallery of construction shots is over at Golden Dusk Photography. Last…

NAI Miami Named NAI Global Member of the Year

The award recognizes NAI Global Member firms for their leadership within the network and commitment to the organization’s strategic vision, as well as performance and growth.

Rick Case Auto Moves to Sunrise, a mega-yacht facility called SeaVault could be coming to the Miami River…and more

A mega-yacht facility called SeaVault could be coming to the Miami River.  Rick Case Auto Group moves headquarters to Sunrise.  Key Biscayne seeks to immediately…

Palm Beach Gardens Azure development sells $40M in units

Azure, a 14-acre residential community in Palm Beach Gardens, has sold $40 million worth of condos, developer Frankel Enterprises announced Thursday.  Contracts have been signed for 30 of the 46 units made available during the first phase of development. These units will…

Panel debates North Beach’s potential for hotel development

Real estate professionals say Miami Beach may need to intensify its efforts to encourage hotel development in the city’s long-overlooked North Beach area.  “There’s no reason North Beach s…

Miramar shopping center sells for $6.1M

Naples Hotel Group to develop new Miami International Airport Hotel

A Naples-based hotel management company signed a contract to develop a new hotel at Miami International Airport, developers announced on Thursday.  Naples Hotel Group, which currently has five projects in progress in Florida, will develop and manage…

Lease roundup: Coral Gables Sawgrass 1 warehouse complex sells out and Miramar Park expands

Sawgrass 1 at Prologis Park completely leased… A nearly 100,000-square-foot Coral Springs industrial complex, Sawgrass 1, is 100-percent leased after a car dealer leased the remaining 31,208 square feet, Cushman & Wakefield announced Thu…

County study recommends raising Miami Heat rent on vacant lot

A recent Miami-Dade County study recommends tripling the rent paid by the Miami Heat on a waterfront lot behind the AmericanAirlines Arena.  The Heat is reportedly pushing back against higher rent, which is estimated to generate an additional $150,000 annually for the coun…

Savvy Developers Moving North of Miami

With land prices escalating in Miami–and fewer parcels of developable land in strategic areas left to buy–savvy developers are moving north….

Coral Springs Shopping Center Bought, to be Repositioned

Executives aspiring to build 13M square feet in Miami dish on projects

The developers of four of Miami’s largest projects shared details on their plans — and their predictions and aspirations for Miami’s future — during a Greater Miami Chamber of Commerce luncheon Wednesday.
The featured speakers …

Why Multifamily Overbuilding Is Not a Big Issue

MIAMI–At RealShare Apartments East, AvalonBay’s Ronald Ladell got perfectly frank and blunt with his comments….

Commercial Real Estate News Roundup for Feb. 25 2015

Moscow’s high rise vacancies, Atlanta’s high job growth, and the high risk of credit for Sears: It’s all here in the Commercial Real Estate News Roundup for February 25, 2015

CRE experts see continued moderate growth in regio…

Will This Lending Strategy Become The Norm?

Financial institutions are focused on selling problem loans to capital companies and other investors, typically in large portfolios. So what does this trend mean for the commercial real estate market?

Miami archaeological dig unearths evidence of sea rise, Chatham Lodging takes loss in Q4 and misses analyst expectations…and more

Miami archaeological dig unearths evidence of sea rise.  Chatham Lodging takes loss in Q4, misses analyst expectations.  Port rail line hauls bonanza.  Street Art Reinvigorates Architectu…

Dania Beach distribution center gets first tenant

The Port 95 Business Center has its first lessee — a Pembroke Pines-based produce distributor.
Premier Produce signed a lease for 37,205 square feet at the newly constructed Dania Beach distribution fac…

Reports: Home prices are up and hotels absorb new inventory

Miami ranked second for rising home prices in 2014, growing 8.4 percent over the last 12 months.
“Movements in home prices show clear regional patterns. The western half of the nation plus Miami and Atlant…

Wynwood warehouse trades at more than double last sale

Beckham brings on lobbyist Naeem Khan to score stadium site

Retired soccer star David Beckham has brought on another Miami-Dade County lobbyist in his search for a stadium site to house his Major League Soccer team.  Rosario Kennedy, who has represented the developers of Wynwood Plaza and designer Naeem Khan, registered as a lobbyist for Miami B…

Wynwood art and concert venue listed for sale at $12.9M

The LMNT complex, a popular multi-use venue in Wynwood, has been listed for sale at $12.9 million.  Metro 1, a Wynwood-based real estate firm, is handling the listing. The firm said LMNT is completely turnkey, with event production permits, liquor licenses and future booking contrac…

Craig Robins wants to expand Miami’s Design District

Craig Robins is far from done with his plans for the Miami Design District. Dacra reportedly wants the city of Miami to expand development allowed in the area.  The city’s planning and zoning board will consider on Thursday the application to inco…

CRE Gurus on Miami’s Big Potential

“Miami is now the third-biggest market after New York and L.A. for luxury retail,” said David Forbes, a partner at the Forbes Company….

Miami Office Market Tightens Amid Slowdown In Construction

Prime office space in downtown Miami is scarce and corporate tenants are looking at alternative properties such as converted warehouses in Wynwood.

Office Depot and Staples store closures are great news for landlords, Embattled nonprofit Plaza Health Network sells property and insider pockets millions…and more

Office Depot and Staples store closures are great news for landlords.  Embattled nonprofit Plaza Health Network sells property, insider pockets millions.  More…

Total Wine & More opening in South Beach

Muse condo tower preps for groundbreaking, 60 percent sold

Muse Sunny Isles, an upcoming luxury condo tower by Property Markets Group and S2 Development, has sold 60 percent of its units and has begun demolition in preparation for groundbreaking.  The 47-story tower at 17141 Collins Avenue will have 68 units ranging from two o…

Miami River development hits sales milestone

A waterfront condo project on the Miami River hit a milestone this week, reaching its 100th sale, the owner announced in a press release.  Unlike most new developments, down payments of at least 15 percent are required for the condos. Most developments during this cyc…

The rise and fall of Nicholas Schorsch

From the New York February issue: A year ago, Nicholas Schorsch was guiding American Realty Properties — part of a complex empire of publicly traded and private REITs — through a spending spree. The REIT was flying high, snapping up companies and property portfolio…

Moishe Mana adds to Flagler Street assemblage

Israeli investor Moishe Mana picked up another Flagler Street property in downtown Miami, Sterling Equity Commercial announced in a press release.  Jersey Art Holdings, linked to Mana, paid $5.1 million for the Thomas Center at…

Zom to begin construction on Pompano Beach apartment complex

Construction of a luxury apartment community in Pompano Beach will begin in March, Orlando-based developer Zom announced Tuesday.  The Residences at Palm Aire will have 404 apartments in 19 three-story buildings.  Zom, a multifamily developer, is building the project as par…

21st new SoFla condo tower completed this cycle

The 21st new condo tower to be developed in this current South Florida real estate cycle, in the area east of I-95, in the tri-county region of Miami-Dade, Broward and Palm Beach, has been completed.  The Related Group’s 1100 Millecento Residences, with 382 units, …

New renderings of Meliá Costa Hollywood Beach condo-hotel in Hollywood

Developers of the Meliá Costa Hollywood Beach Resort in Hollywood have released new renderings of the oceanfront property now under construction.  The 304-unit condo-hotel, developed by Liberty Gr…

Chatham Sees Nearly 7% RevPAR Growth in Fourth Quarter

PALM BEACH, FL–Locally-based hotel REIT Chatham Lodging Trust saw its fourth quarter RevPAR increase 6.5% in the fourth quarter….

How Two Factors Are Changing Capital Markets

MIAMI–Hunt’s Marc Suarez tells GlobeSt.com’s Jennifer LeClaire how the uncertainty over the future of the GSEs and the injection of fresh and alternative sources of capital changing the market in part two of this EXCLUSIVE interview….

When the Capital Markets Go Hybrid

MIAMI–Hunt’s Marc Suarez tells GlobeSt.com’s Jennifer LeClaire how equity providers are beginning differentiate themselves in a crowded market….

Levinson’s Jewelers’ Mark Levinson Commits Suicide

Mark Levinson of Fort Lauderdale’s Levinson Jewelers, who allegedly played a supporting role in disbarred attorney Scott Rothstein’s $1.2 billion Ponzi scheme, died of a self-inflicted gunshot wound.

February 2015 Florida Real Estate Case Law Updates (Part 2)

Title to a residence was vested in a husband and wife. By warranty deed they conveyed the property to themselves as tenants in common. On the same day the husband deeded his one-half interest…

Charm, eateries — and location, location, location — lure companies to Coral Gables, the five tallest buildings in Miami are…and more

Charm, eateries — and location, location, location — lure companies to Coral Gables.  The five tallest buildings in Miami are…  Carlos Rosso talks about Miami, the universe & everything.  AutoNation se…

Le Macaron is coming to Cocowalk

Cocowalk is getting a sweet, new addition: Le Macaron, a fast-growing, French pastry franchise will open in the fall, Terranova Corporation said Monday.  Le Macaron has signed a five-year lease for 1,027 square feet at the open-air shopping, dining and entertainment cen…

PHOTOS: On the scene at Christie’s Art Wynwood event

Christie’s International Real Estate kicked off its sponsorship of Art Wynwood recently at the art fair’s VIP opening night.  Christie’s and EWM hosted a booth at the entrance of Art Wynwood…

Nike to replace Pottery Barn and Williams-Sonoma on Lincoln Road

Nike is reportedly checking off another location with its plans for a high-tech store on Lincoln Road.  The sportswear giant will take the place of Pottery Barn and Williams-Sonoma, both set to close on March 22, according to published reports.

How High Can Multifamily Rental Rates Go?: EXCLUSIVE

MIAMI–South Florida multifamily rental rates just keep rising. The question is, how high can they go?

Due Diligence In A Hot Commercial Market

The character of commercial real estate markets all over the US has changed for the better in the past few quarters. Heightened volume means more deals and more competition, which adds up to extra time pressure on buyers. Particularly in the area of due diligence &nda…

Miami Industrial Real Estate Market Report Year End 2014

Florida has a long history of being a great state for real estate. The old time salesmen have a saying: “pay them in sunshine”. In addition to great weather, Miami in particular has the opportunities, the trade routes and the relationships that other markets simply do not. Miami possess…

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.