Three REITs Starting 2015 With Strong Health Care AcquisItions

REITs aren’t just a channel for equity-style investment in commercial real estate, they’re a kind of barometer to use to keep an eye on trends in specific sectors. When REITs go on a buying spree, it pays the trend-watcher to pick out what’s being acquired as well as the …

White House Proposes New P3 Financing Tool: Qualified Public Infrastructure Bonds (QPIB)

Last month, the Obama administration proposed the creation of a new kind of municipal bond — Qualified Public Infrastructure Bonds (QPIB), as a way to extend the benefits of municipal bonds to public private partnerships.
Presently, the government has in place the Private Activity Bonds progra…

Boca Raton builder planning Tara Cove townhomes in West Palm…and more

Rendering of Tara Cove townhomes
1. Boca Raton builder planning Tara Cove townhomes in West Palm [Sun Sentinel]2. Jessy Nite’s art radiates Miami’s subtropical modern flair [Curbed Miami]3. Mark Cuban’s Yacht calls downtown Miami home [The Next Miami]4. Uber reps: Regulating Uber l…

Newly built Doral warehouse available for lease

8301 to 8303 Northwest 27th Street in Doral
Construction is complete on a warehouse in Doral, the Miller Construction Company announced Monday.
The Transal Logistics Center, a 218,000-square-foot warehouse, has units and bays available for lease. The warehouse is housed in a two-building …

Site in Miami’s Omni district listed for $24M

Omni district and Ryan Shaw of Marcus & Millichap
A 1.57-acre development site in Miami’s Omni district has been listed for $24 million, The Real Deal has learned.
Commercial real estate giant Marcus & Millichap is marketing the bundle of lots, the company anno…

Q&A with Pike Rowley: From the tennis court to expanding Avison Young

Pike Rowley
Pike Rowley, principal and managing director of Avison Young Florida, has been in commercial real estate for more than 30 years. Now, as the head of Florida, he has grown the company rapidly through acquisitions.
Rowley, a Coral Gables native, sat down with The Real Deal to discuss …

Eastern National leases new space in Dadeland

9700 South Dixie Highway, courtesy of Avision Young
Eastern National Bank has leased a 21,000-square-foot space for its new headquarters in Dadeland.
Avision Young, a commercial real estate agency based out of Toronto, Canada, brokered the deal. The firm handles leasing for the property, called Dade…

Eastern National Bank Leases New Corporate HQ

MIAMI–Eastern National Bank has leased 21,492 square feet of space at Dadeland @ 9700 for its corporate headquarters. The bank will relocate operations from Brickell to the 11-story, 67,142 square foot building located within the Miami/Dadeland/Pinecrest submarket….

Cheap Warehouse in Hialeah

Are you looking for a cheap warehouse in Hialeah to but or rent? This is one of the cheapest warehouses in Miami available. Below are the details.

Freestanding Warehouse Available For Sale Or Lease
$1,100,000 to buy or only $6.50 PSF to rent
7390 West 18th Lane, Hialeah, FL 33014 (Info for commercial properties in zip code 33014)
Proper…

Could an old boatyard be the spot for David Beckham’s new soccer stadium? RadioShack may close 40 South Florida stores…and more

David Beckham and a rendering of a proposed soccer stadium that was rejected.
1. Could an old boatyard be the spot for David Beckham’s new soccer stadium? [Miami New Times]2. RadioShack may close 40 South Florida stores [Sun Sentinel]3. “Undercover Boss” sells Palm Beach mansion at…

Pembroke Pines apartment complex sells for $78M

Altis Sheridan Village, courtesy of Altman Companies
Boca Raton-based developer Altman Companies has sold another of its apartment complexes — this time in Pembroke Pines.
Altis Sheridan Village, at 16700 Sheridan Street, was sold to the AVR Realty Company for $78 million, according to a …

Hollywood/Hallandale Beach condo market positioned for growth

Peter Zalewski
Question: What is happening in the Hollywood/Hallandale Beach coastal condo market?
The Hollywood/Hallandale Beach market in Southeast Broward County effectively stands at the crossroads of South Florida’s coastal condo market.
Foreign investors and domestic residents, alike, ha…

Biltmore Parc luxury condos in Coral Gables announced

A rendering of Biltmore Parc
A new luxury condo building is coming to Coral Gables, Coldwell Banker Residential Real Estate announced Thursday.
Coldwell Banker’s Jeanne Nicastri told The Real Deal that Alirio Torrealba and United Developers Miami will develop the proje…

Them’s Fightin’ Words: Llenrock’s Top Five CRE Feuds

View image | gettyimages.com

Sometimes, commercial real estate is a contact sport. Over the last five years, we’ve seen some titanic industry clashes falling under some familiar narrative categories: man vs. man, man vs. reality, and man vs. stockholders. Over at Llenrock blog, a favorite …

Edward Redlich Interview Segment With James Fried

2015 CCIM Commercial Real Estate Outlook Conference In Miami – Edward Redlich, SIOR, CCIM, spoke to Jim Fried of Fried On Business about the 2015 industrial real estate market. LISTEN HERE or visit friedonbusiness.com…

Publix Buys Miami-Dade Retail Center For $329 PSF

Publix is the anchor tenant in the 50,783-square-foot retail plaza. CLICK ON THE HEADLINE FOR MORE…

 Is Trader Joe’s coming to Edgewater? New project triggers speculation, Thompson Miami Beach announces new restaurant coming this summer…and more

New project triggers speculation of a Trader Joe’s in Edgewater
1. Is Trader Joe’s coming to Edgewater? New project triggers speculation [The Next Miami]2. Thompson Miami Beach announces new restaurant coming this summer [South Florida Business Journal]3. Fort Lauderdale redevelopment pr…

Miami River spilling over with new development

Renderings of River Landing project
Edge, Sushi Samba, River Oyster Bar and Fox Hole Marketplace and Deli —  are just some of the planned new eateries banking on the Miami River.
New restaurants, retail and increased public access along the Miami River were among the highlights of a devel…

Lawsuit sends Miami Worldcenter back to city commission

A rendering of Miami Worldcenter
For the second time, the Miami City Commission will vote on incentives for the Miami Worldcenter development.
A lawsuit was filed against Miami Worldcenter by one of its tenants after the commission approved the agreement in September. Grand Central Lounge …

N.Y.-based HFZ Capital plans major revamp of the Shore Club

Rendering of the Shore Club and Ziel Feldman
The Shore Club in South Beach is about to undergo a major transformation, as New York-based HFZ Capital Group plans to turn the storied, oceanfront property into a five-star hotel and condominium.
Ziel Feldman, founder and chairman of HFZ, told The Real D…

N.Y. architecture firm to design Coral Gables streetscape

Renderings of Giralda Avenue and Miracle Mile
The city of Coral Gables is moving forward with its nearly $20 million streetscape improvement plan.
New York-based Cooper, Robertson & Partners, an architecture and urban design firm, will design the project, a series of long-discussed streetscape i…

New luxury condo project planned for Hollywood Beach

Rendering of Oceanbleau
Maxwelle Real Estate Group unveiled plans Thursday for a new luxury condominium project on Hollywood Beach.
Oceanbleau, at 6085 North Ocean Drive, is scheduled for completion in December 2016. The tower will house 48 units, starting at $1.6 million. Floor plans range from 3,0…

Watson Island debate over development grows heated

Rendering of Watson Island and Stephen Herbits
Critics of a proposed $700 million hotel and mega-yacht development on Watson Island cited distrust of Miami’s city government and horrendous traffic as reasons for their opposition to the project during a forum held Wednesday night at the Miami C…

Skyrise Miami targets EB-5 investors for funding

A rendering of Skyrise Miami
Developer Jeffrey Berkowitz wants to raise $270 million for his SkyRise Miami tower from foreign investors seeking permanent residency in the United States.
In two weeks, Berkowitz will depart for China to seek out financiers for the project, a 1,000-foot high steel and …

Norwegian Cruise Line Expands Miami Presence

MIAMI–Norwegian Cruise Line has inked what local brokers say is the largest office leasing transaction in South Florida in years. The firm renewed its lease and is expanding its operations at the Airport Corporate Center here….

Commercial Real Estate News Roundup For Feb. 4, 2015

Tucson’s golf-based economy assessed a penalty for slow play, oil prices are in play, and women in CRE need a more level playing field. It’s all in today’s Commercial Real Estate News Roundup (abridged edition) for February 4, 2015.

Obama Budget Would Dramatically Cut U.S. Port Funding

Through Obama’s budget, ports would receive only $915 million for maintenance dredging and other work, roughly $1 billion less than they are set to receive in fiscal 2015, which ends Sept. 30. CLICK ON THE HEADLINE FOR MORE…

P3 Hub South Live Blogging – Join the Conversation

Bilzin Sumberg, in partnership with P3 Bulletin, is proud to host P3 Hub South, a two-day conference bringing together top national and international players in the public sector, including U.S. government agency officials, mayors and local government staff, and leading global public-private partner…

A sexy self storage facility is coming to 633 Alton Road, Riva condo sales strong as construction nears…and more

Rendering of 633 Alton Road
1. A sexy self storage facility is coming to 633 Alton Road [Curbed Miami]2. Riva condo sales strong as construction nears [Sun Sentinel]3. Miami floats plan; waterways to sink gridlock [Miami Today]4. Developers bank on healthy living in Aventura [Miami Herald]
— K…

Law firm leases Boca Raton office for $13M

925 South Federal Highway
South Florida-based Kanner & Pintaluga will move its headquarters after signing a new 45,000-square-foot office lease in Boca Raton.
Jim Knight of commercial real estate agency The Knight Group brokered the 10-year-lease for the firm. Kanner & Pintaluga, a…

Norwegian Cruise Line expands Doral headquarters

Airport Corporate Center
Norwegian Cruise Line renewed and expanded the lease for its corporate headquarters in Doral, CBRE announced Wednesday.
NCL’s offices are located at Airport Corporate Center, a 1-million-square-foot, 11-building office park. It added about 70,000 square feet to its exi…

One-acre site near Brickell City Centre sells for $16M

Lots sold to Millennium Developments of Brickell
Argentine businessman Alfredo Coto bought two lots south of the Miami River, The Real Deal has learned.
CWV Realty brokered the $16 million sale one block away from the future site of Brickell City Centre, the real estate company announced this w…

Arquitectonica chosen to restore Coconut Grove Playhouse

Coconut Grove Playhouse
Miami-Dade County has chosen Arquitectonica to lead efforts for reopening the historic Coconut Grove Playhouse.
The Miami-based company won a bidding process between nine firms and will make a recommendation to the county on how to proceed with the playhouse, according to a p…

Swire hires new SVP to head Brickell City Centre

Brickell City Centre and Gonzalo Cortabarria of Swire Properties
Swire Properties has hired a new senior vice president to handle its Brickell City Centre project.
Gonzalo Cortabarria, formerly the managing director of Houston-based Hines Interests, will take on responsibility for the $1.05-bil…

Staples, Office Depot Reach $6.3B Merger Deal

FRAMINGHAM, MA–With pro forma annual sales of $39 billion, the combined company will maintain its headquarters in Framingham, Staples said in an investor presentation Wednesday….

Cortabarría to Oversee Brickell City Centre Leasing

MIAMI–Locally-based Swire Properties Inc. reports it has appointed Gonzalo Cortabarría senior vice president. The former Hines Interest executive will oversee leasing and operations for the $1.05-billion Brickell City Centre mixed-use development….

Traci Miller Takes Helm at NAIOP South Florida

FORT LAUDERDALE, FL–Miller Construction Co.’s Traci Miller has taken the mantle of leadership of the South Florida chapter of NAIOP….

Deal Flow Strong in Trendy Wynwood

MIAMI–“Achieving one of the highest recorded prices of land for a parcel this large in Wynwood is a major accomplishment.”…

Two Newly-Constructed Hotels Hit Market

MIAMI–“This exceptional portfolio is ideally situated in one of Miami’s fastest growing submarkets, surrounded by a diverse pool of demand generators.”…

February 2015 Florida Real Estate Case Law Updates

By: Daniel T. Pascale, Esq.
TIL Rescission
Jesinoski v. Countrywide Home Loans, Inc.,135 S.Ct. 790 (2015)
Exactly three years after borrowing money to refinance their home mortgage, the Jesinoskis sent the lender a letter…

NAI Miami Represents Capital Bank In Sale Of Miami Springs Retail/Office Building

The property at 75 North Poinciana Boulevard sold for within 60 days listing. CLICK ON THE HEADLINE FOR MORE…

Commission wants David Beckham to temporarily house MLS team at FIU, Lennar sells Delray Beach apartment development site to ZOM…and more

David Beckham and a rendering of a proposed soccer stadium that was rejected.
1. Commission wants David Beckham to temporarily house MLS team at FIU [Miami Herald]2. Lennar sells Delray Beach apartment development site to ZOM [South Florida Business Journal]3. Char taking Ytech to next level [GlobeS…

Fairchild Partners arranges $7.5M sale on Collins Avenue

1350 Collins Avenue courtyard and Jonathan Lay of Fairchild Partners
The Orchid House, a luxury compound in Miami Beach, was purchased by an undisclosed Italian group.
Jonathan Lay of South Florida-based Fairchild Partners represented the buyers for the $7.5 million deal, announced on Tues…

Developer Henry Torres lists his Coral Gables home for $14M

9405 Old Cutler Lane
Developer Henry Torres has listed his Journey’s End home in Coral Gables for $13.95 million.
Torres is CEO of the Astor Companies, which is currently developing InTown in the Little Havana area of Miami, Merrick Manor in Coral Gables and Nordica in the Roads area of M…

Fort Lauderdale Four Seasons Hotel and Residences announced

Nadim Ashi and Four Seasons Hotel & Private Residences, Fort Lauderdale
A Four Seasons hotel and condo project was announced for Fort Lauderdale.
Fort Partners announced plans Tuesday to build the new Four Seasons Hotel and Private Residences.
Construction of the condo-hotel …

Polo Club Shoppes in Boca sells for $51M

Polo Club Shoppes and its anchoring tenants
A Boca Raton shopping center sold for $50.65 million on Jan.30.
A company affiliated with Jamestown, a real estate investment and management company based in Atlanta, Georgia, bought the 128,000-square-foot shopping center and acquired a nearly $30 million…

L’Atelier Residences in Miami Beach launches sales

A rendering of L’Atelier Miami Beach
L’Atelier Residences, a 20-unit ultra-luxury condo development planned for Collins Avenue and 69th Street in Miami Beach, has officially launched sales.
The 18-story, all-glass tower is offering half-floor units beginning at $3.9 million and…

Eighth new condo tower proposed for North Bay Village

Peter Zalewski
Developers are ramping up plans to build a series of new condo towers in the 7,400-person island community of North Bay Village located between Miami Beach and the Miami mainland in Biscayne Bay.
An eighth new condo project — the proposed Bahia Tower — has b…

Terreno Realty buys industrial property near Miami International Airport

10100 Northwest 25th Street in Miami
Terreno Realty purchased an industrial property in Miami’s Airport West market, according to Cushman & Wakefield, which brokered the sale.
ProCom Properties sold the 107,000-square-foot-warehouse, located at 10100 NW 25th Street. CGI Windows & Doors…

Foundation poured for first tower at Paraiso Bay

A rendering of Paraiso Bay towers
Nearly a month after receiving a $93 million construction loan for its 53-story tower at Paraiso Bay, Related Group poured the foundation for the tower, the first of four in the complex.
The first tower will have 325 units out of the complex’s planned 1,300 un…

Developers see a rebirth for Miami’s Omni area, court win for residents trying to block luxury high-rise might be short lived…and more

Downtown Miami
1. Developers see a rebirth for Miami’s Omni area [Miami Herald]2. Hollow victory? See why court win for residents trying to block luxury high-rise might be short lived [Daily Business Review]3. David Beckham’s new MLS club should play at Sun Life Stadium for now [Miami Ne…

Moishe Mana continues adding to downtown Miami portfolio

Moishe Mana
Israeli developer Moishe Mana picked up another downtown Miami property — this time on North Miami Avenue.
Mana spent $7.75 million on the 15,000-square-foot site at 140 North Miami Avenue. Brown Asset Two sold the two-story building, which was built in 1925.
Mika Mattingly and Sha…

Suniland Shopping Center to add Japanese BBQ eatery

Suniland Shopping Center (credit: David Rappoport Photography)
Terranova Corporation said Monday that it has signed Gyu-Kaku Japanese BBQ to Suniland Shopping Center, in a deal that marks the restaurant chain’s second location in Miami-Dade County.
Gyu-Kaku Japanese BBQ’s 10-year lease i…

NBWW will be architect on three Miami Beach projects

Rendering of The Versailles
Coral Gables-based Nichols Brosch Wurst Wolfe & Associates (NBWW) announced Monday that it will be the lead architect for the historic restoration and renovation of three new Miami Beach projects from South of Fifth to North Collins Avenue.
The projects include Kimpto…

Fort Lauderdale apartment tower sells for $53M

Vu New River Apartments in downtown Fort Lauderdale
A newly completed apartment tower in downtown Fort Lauderdale sold for more than $50 million.
Vu New River Apartments, located at 510 Southeast Fifth Avenue, sold to an affiliate of MetLife Real Estate Investors for about $250,000 per unit, accordi…

Solution for rising sea levels could pollute Biscayne Bay

Kayakers on Biscayne Bay
Scientists are now worried about another side effect of climate change in South Florida. Biscayne Bay might get inundated by water no longer safe for swimming.
According to a study by Florida International University geologist Henry O. Briceno, the pumps installed to keep Mi…

Condos and garage proposed above historic Biscayne Boulevard church, tour the 10 Frank Lloyd Wright buildings nominated as UNESCO World Heritage sites…and more

“Floating” parking garage, 352 residential units, proposed above historic Biscayne Boulevard church
1. “Floating” parking garage, 352 residential units, proposed above historic Biscayne Boulevard church [The Next Miami]2. Tour the 10 Frank Lloyd Wright buildings nominated as …

Construction contracts up by $3.4B in 2014, report shows

Construction in Midtown Miami
Construction contracts in South Florida are up — significantly, according to a report released Thursday.
From 2013 to 2014, there was an overall 52 percent increase in construction contracts awarded in the tri-county area, a difference of about $3.4 billion. That …

PHOTOS: On the scene at ribbon cutting of 55 Miracle Mile

A private equity asset management firm unveiled $1 million-worth of improvements to its 55 Miracle Mile property at a ribbon-cutting ceremony Wednesday.
City of Miami and Coral Gables officials, along with M…

FAA approves Met Square’s lofty height

Met Square rendering
The Federal Aviation Administration has given its final approval to MDM Development’s planned Met Square condo project, saying the tower does not pose a hazard to air navigation.
Met Square in downtown Miami was one of four proposed Miami-Dade County projects that recently…

County to invest $74M in Liberty Square public housing

Liberty Square Housing Projects
Liberty Square, one of Miami’s oldest and most dangerous public housing projects, may be getting a hardcore makeover.
Miami-Dade County is piecing together $74 million in public funds so Liberty Square can be demolished and rebuilt as a $200 million pr…

Edward Redlich Selected As Commercial Realtor Of The Year

The ComReal Companies are proud to announce that Edward Redlich has been selected as the “2015 Commercial Realtor of the Year” by the Realtor Commercial Alliance (RCA) of Miami.
RCA Miami is one of the largest commercial Realtor organizations in the country with approximately 1,700 acti…

South Beach rental transaction volume and rates rise in 2014

Peter Zalewski of CondoVultures
Question: What are the current rental market conditions in the South Beach neighborhood of Miami Beach?
South Beach — known for its hip culture, extensive dining options and legendary nightlife — is traditionally one of the top choices for existing an…

Flagler Station building sells for $11.25M

Flagler Station
A building at Flagler Station, South Florida’s largest business park, has traded hands for the second time in six months.
Vero Beach-based Dunnagall Partners paid $11.25 million for the industrial building at 10325 Northwest 112th Avenue in Northwest Miami-Dade. The seller…

GA Telesis leases warehouse space near Miami International Airport

Airport East Distribution Center
Fort Lauderdale-based aerospace firm GA Telesis is leasing 96,389 square feet at Miami’s Airport East Distribution Center, according to Cushman & Wakefield, which handled the deal.
The Airport East Distribution Center location — GA Telesis’ four…

Community activists push for better wages at Miami Worldcenter site

Community forum at St. John Institutional Baptist Church
A coalition of pastors, labor organizers and community activists vowed on Thursday to push for higher wages and permanent jobs from the developers of the massive $1.06-billion Miami Worldcenter development.
The multi-use project will be built …

Marina Palms tops off first tower in North Miami Beach

Marina Palms Yacht Club & Residences first tower and Plaza Group president Neil Fairman
Marina Palms Yacht Club & Residences in North Miami Beach celebrated the topping off of its first of two luxury condominium towers Friday.
Marina Palms will be the first luxury condo development with a ya…

Old Warehouse Space Still in Demand

MIAMI– Terranova and Blackrock acquired this industrial facility in September 2013 and have seen occupancy rise 31% in the past year….

Iconic Miami Beach Buildings Getting Makeover

MIAMI–“The historic architecture of Miami Beach is what defines the city’s spirit.”…

Coral Gables Office, Garage Goes for $14 Million

Read on…

GrayRobinson Annual Revenue, Profit Per Partner Up 2%

The Florida law firm generates $142 million in revenue, with growth driven by improvement in its real estate and financial services practices.     …

Commercial Real Estate News Roundup For January 29, 2015

Using events to anchor a co-workspace, using Chinese developers to pull towers out of San Fran ground, and using zingy jargon when consulting to convenience retail on how to sell more stuff — it’s all here in today’s Commercial Real Estat…

Donald Trump deemed deserving of a key to Doral, clerical error put BofA on wrong end of foreclosure case…and more

Donald Trump and Trump National Doral
1. Donald Trump deemed deserving of a key to Doral [Miami Herald]2. A clerical error put Bank of America on wrong end of foreclosure case Daily Business Review]3. MIA to get new Colombia and Mexico routes in June [Sun Sentinel]4. This is Renzo Piano’s desi…

Biscayne Fairholme museum and headquarters on hold

Rendering for 2626 Biscayne Boulevard
Plans for the windowless, pyramid-like design of the Fairholme Funds museum and headquarters on Biscayne Boulevard remain exactly that since Fairholme president revealed them in September.
Representatives from Fairholme haven’t been in touch with…

Gale boutique hotel and condos announced for Fort Lauderdale

Rendering of Gale Boutique Hotel & Residences in Fort Lauderdale
Newgard Development Group and Menin Hospitality announced their newest project on Friday —  Gale Boutique Hotel & Residences in Fort Lauderdale.
Both companies, along with Fort Lauderdale investor Dev Motwani&rs…

Developers and investors turning to Little Havana

Frank Rodriguez Melo, CEO of Melo Real Estate
Developers and investors are now reportedly turning to neighboring Little Havana for opportunities.
Melo Real Estate recently negotiated the $5.3 million sale of six multi-family properties in Little Havana, which comes out to $56,000 per …

Biscayne Landing project moves forward with construction approval

Biscayne Landing and Michael Tillman
The North Miami City Council streamlined the construction approval process for Oleta Partners’ Biscayne Landing project at a meeting on Tuesday.
Council members agreed to amend the city’s code and conditional use permit, which will expedite the develo…

Aloft and Element hotels in Doral marketed for sale

Aloft Miami at 3265 Northwest 107th Avenue
Aloft Miami and the nearly completed Element hotel in Doral are being marketed for sale, CBRE Hotels announced Thursday.
The two hotels, located on nearly five acres at 3265 to 3285 Northwest 107th Avenue, are in an area once known for industrial …

Sunbeam TV affiliate buys North Bay Village office building

1400 79 Street Causeway in North Bay Village and Edmund Ansin
A waterfront office building in North Bay Village traded for more than double its last sale in 2012.
Coral Gables-based Cofe Properties sold the 2.7-acre property for $13.8 million to Sunbeam Properties. Miami Beach-based Sunbeam Pro…

Miami-Dade to review plans for two residential developments

Manuel Grosskopf
The Miami-Dade County Commission will reportedly review requests for changes to two developers’ residential plans.
OROT Flagler, managed by Château Group principal Manuel Grosskopf, wants to build up to 240 multi-family units on the corner of Southwest Fourth Street…

Freedom Tower becomes “Media Hub of the Americas”

Freedom Tower and Miami Dade College President Eduardo Padron
Once the headquarters of the Miami News, Miami’s iconic Freedom Tower has long been a symbol of freedom for Cuban refugees and has been dubbed the “Ellis Island of the South.”
It even made an appearance in the 1983 …

Downtown Coral Gables office building sells for $14M

2199 Ponce de Leon Boulevard in Coral Gables and Pablo Cejas
A Coral Gables office building and nearby parking garage traded hands for $14 million last week.
P&C 2199 Ponce, a company headed by insurance executive Pablo Cejas, bought the two parcels at 2199 Ponce de Leon Boulevard and financed t…

Attorneys Point to 4 CRE Trends to Watch

MIAMI–I reached out to Holland & Knight to get a sense of what its attorneys see coming down the pike in 2015. Do you agree with these predictions?…

Power Lunch: At Epic’s Area 31, It’s All About the View

On the terrace, “the stellar view by itself makes it unique,” says Mika Mattingly, a commercial real estate broker who likes to power-lunch with out-of-town clients at Area 31.     …

How Many Homes Can Pulte Build on $48 Million Acreage it Purchased?

The 260-acre purchase off Interstate 95 in Palm Beach County is approved for 275 homes.     …

Seminole Hard Rock Gets Foot in NJ Door

New Jersey casino regulators approve a big by the Hollywood-based casino operator to open in Atlantic City or at the Meadowlands.     …

Royal Caribbean Revenue Drops as Outlook Disappoints

Revenue dropped to $1.82 billion from $1.85 billion at Miami-based Royal Caribbean. Analysts expected higher revenue of $1.87 billion.     …

Home Ownership at Lowest in Two Decades

The share of Americans who own their homes was 64 percent in the fourth quarter, down from 64.4 percent in the previous three months.     …

Are Real Estate Crowdfunding Firms Delivering the Goods?

Crowdfunding is still a relatively new phenomenon in the real estate arena with most firms having less than a year or two under their belts. The question is whether or not they are also delivering results on targeted returns. CLICK ON THE HEADLINE FOR MORE…

Judge orders Lennar to execute $114M land purchase, company to appeal, Marlins and county to arbitrate ballpark costs…and more

A Lennar development and the company’s president and CEO Stuart Miller
1. Judge orders Lennar to execute $114M land purchase, company to appeal [South Florida Business Journal]2. Marlins, county to arbitrate ballpark costs [Miami Today]3. Lawsuit: Harbourside’s Mastroianni illegally usin…

N.Y. developers add to Wynwood portfolio, buy entire block for $11M

Dan Arev, Chaim Cahane and Jon Krasner of Yellow Side Ventures
A joint venture between two New York investment firms just bought an entire block on the west side of North Miami Avenue, between 24th Street and 25th Street, in Miami’s white-hot Wynwood neighborhood.
The partnership, between Yell…

Second Miami Beach Whole Foods awaits Planning Board decision

Rendering of the the new Whole Foods on Alton Road
Crescent Heights real estate developers want to construct a second Whole Foods Market in Miami Beach, and the city’s planning board is expected to review the developer’s proposal today.
The 55,351-square-foot site at 1901 Alton Road is o…

Atlas Capital submits plans for resi tower on Biscayne Boulevard

1900 Biscayne Boulevard
Another day, another high-rise proposal submitted.
A New York developer submitted plans for a 36-story condo tower at 1900 Biscayne Boulevard in Miami. Plans include 429 units, 27 of which would be studio apartments, 248 one-bedroom units, 149 two-bedroom units and five penth…

Board recommends approval for mixed-use Wynwood site

Site for planned hotel in Wynwood
Last week, Miami’s Urban Development Review Board recommended approval of mixed-use plans for 2110 North Miami Avenue.
New York developer Sonny Bazbaz is planning to build a hotel in Wynwood, which is expected to feature 163 studio and one-bedroom apartments, …

Developers eyeing Doral, as land elsewhere scarce

Downtown Doral and Armando Codina
Known mostly for industrial warehouses and suburban gated communities, Doral in Northwest Miami-Dade is undergoing an urban transformation fueled by a strong office market, as well as massive mixed-use projects like Downtown Doral and CityPlace Doral.
“The gro…

When Simple Deals Get Complex

MIAMI–Sometimes deals seem straightforward until you are faced with obstacles in the middle of the process. Such is the case with the sale of an office building in Spectrum Office Park in Fort Lauderdale, FL….

Cheers! Beer Warehouses in Doral and Homestead Sell for $44 Million

An Illinois food service company acquires two South Florida facilities from Gold Coast Beverage Distributors.     …

Amazon.com Warehouse in Miami Florida

Amazon.com Warehouse at 1900 NW 132nd Place in Miami, FloridaIn the Summer of 2014, Amazon.com leased their Miami warehouse located at 1900 NW 132nd Place aka the Miami International Distribution Center located within the Pan American West Business Park in Miami. The free-standing, class A building …

NAI Miami Negotiates Five-Year Lease For Pure Barre

Brandon Weiss and Josh Rodstein have completed over 5 transactions for Pure Barre throughout the state of Florida in the last year. CLICK ON THE HEADLINE FOR MORE…

Mooyah to enter Florida with Miami location…and more

Case-Shiller index shows more softening of home prices in South Florida
1. Case-Shiller index shows more softening of home prices [Sun Sentinel]2. Mooyah to enter Florida’s “better-burger” fray with Miami location [South Florida Business Journal]3. Scott pledges support for Evergla…

JLL closes 324K-sqft industrial lease in Miramar

Countyline Business Center
In the largest industrial lease signed in South Florida so far this year, JLL said it has just completed a 324,000-square-foot lease in Miramar with an existing tenant, Floor and Decor Outlets of America.
The property, Countyline Business Center in Miramar, is owned by Ind…

FPL sells vacant downtown Miami lot for $21M

Vacant lot at 201 Southwest Second Avenue in Miami
Florida Power & Light sold a vacant lot in downtown Miami for $21 million last week.
FPL sold the 2.2-acre site to Miami Bridge Lot Ventures, a partnership between Ytech International and Miami investor Carlos Mattos, according to a news re…

Miami Beach mayor fights to ban gaming in proposed convention center hotel

Miami Beach Convention Center rendering
Miami Beach Mayor Philip Levine made it known on Monday that he does not want the hotel developer or operator for a proposed Miami Beach Convention Center hotel to be involved with any gaming operations now — or ever.
“The city of Miami Beach …

Landmark Fort Lauderdale tower receives $58M loan

Las Olas City Centre at 401 East Las Olas Boulevard in Fort Lauderdale
JPMorgan received a $58 million mortgage for its prime downtown Fort Lauderdale office tower.
Teachers Insurance and Annuity Association of America is the lender on the mortgage for Las Olas City Centre, a 15-story Class A office…

O Residences prepares Bay Harbor site for waterfront condo project

Rendering of O Residences, Claudio Stivelman and Marc Schmulian
S2 Development and its joint venture partners BH-LK Investment Group said Tuesday they have begun demolition for their 41-unit waterfront condo project in Bay Harbor.
Aventura-based S2 developers Claudio Stivelman and Marc Schmulian tol…

Fort Lauderdale office building sells for $8.5M

1801 West Spectrum Boulevard
A Dallas-based real estate company sold a Fort Lauderdale office building for $8.5 million last week.
Flotrix Inc. sold the nearly 6-acre property through RM Realty Group to a Georgia limited liability company. CBRE represented the seller.
Citrix Systems, …

South Florida condo market braces as Russia’s credit rating downgraded

Sunny Isles Beach (inset: Peter Zalewski)
Condo developers who are relying on foreign buyers to purchase a significant number of the more than 41,000 new units proposed for South Florida during this cycle were stung with more bad news on Monday.
Less than two weeks after central bank monetary maneuv…

Coconut Creek apartment complex sells for $62M

Community pool at 5401 Wiles Road in Coconut Creek
A Boca Raton-based developer sold an apartment complex for $61.8 million in Coconut Creek.
Altman Companies, a developer that specializes in apartment complexes, sold its 270-unit community to an affiliate of Farmers Insurance company on Jan. 16, Br…

Slew of Little Havana Multifamily Units Sell

MIAMI–With so much activity in Downtown Miami, some developers and investors are turning to nearby Little Havana for opportunities….

Two-Part, $11 Million Deal Creates New Home for Towing Company

Using a 1031 exchange transaction to save on taxes, Miami’s Downtown Towing is expanding its operations and moving to larger quarters.     …

$27.5M Settlement Reached in Fontainebleau Las Vegas Bankruptcy

U.S. Bankruptcy Judge A. Jay Cristol signed a settlement that ends litigation brought by the trustee against Jeffrey Soffer and his family’s Turnberry companies.     …

Acre in Miami’s Wynwood Sells for $7 Million

A New York investor extends its substantial Wynwood holdings at $138 per square foot.     …

Shops at Bottom of Continuum Sell for $18.2 Million

Read on…

International Companies Drawn to This Office Complex

MIAMI–Waterford at Blue Lagoon is seeing massive leasing traction, and one 88,000-square-foot building is about to be completely vacant. Find out how Taylor & Mathis is maneuvering the office landscape….

Three Walls: You’ll Never Think About The Cubicle The Same Way Again

As a researcher in commercial real estate, it’s not often I find a documentary film director turning their camera to an everyday interior feature of our industry to tell a compelling story, but that’s exactly what Three Walls delivers. It’s a Canadian filmmaker’s look at the…

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International Companies Drawn to This Office Complex

MIAMI–Waterford at Blue Lagoon is seeing massive leasing traction, and one 88,000-square-foot building is about to be completely vacant. Find out how Taylor & Mathis is maneuvering the office landscape….

Timing is everything for Related Group with Brickell Heights, more…

Related Group’s Brickell Heights project
1. Timing is everything for Related Group with Brickell Heights [South Florida Business Journal]2. Snow cancellations hit South Florida flights, airports [Miami Herald]3. Strip clubs linked to crime, but ban them? The law’s on their side [Palm Bea…

Sun Life Stadium among four seeking funds for 2015

Sun Life Stadium in Miami Gardens
The Florida Department of Economic Opportunity announced Friday that lawmakers could possibly approve four professional sports facilities that are seeking state tax dollars to help pay for construction projects.
Seven million dollars has been set aside this year for…

Q&A with Carol Brooks: From yoga to reviving Downtown Dadeland

Carol Brooks, co-founder and president of CREC
On the heels of representing the largest office deal of 2014, Carol Brooks, co-founder of Continental Real Estate Companies, sat down with The Real Deal to discuss her passion for health and wellness, how she incorporates that into her business and what…

Related’s 1100 Millecento in Brickell completed

Related’s Carlos Rosso and 1100 Millecento
More than two years after it broke ground, a pre-housing crash condo tower in the Brickell neighborhood is finally complete.
The high-rise, which broke ground in September 2012 — 1100 Millecento — will feature an infinity pool, spa and a c…

Terra Group begins demolition of MiMo-style North Beach hotel

Former Howard Johnson hotel at 8701 Collins Avenue and a former rendering of the site
Community members are up in arms over Terra Group’s demolition of a North Beach hotel.
Terra applied for a demolition permit back in November and reportedly started the process of tearing down the Morris…

South Beach retail site sells for $18M

500 South Pointe Drive in Miami Beach
A prime piece of South Beach retail space sold recently to a Montreal-based company for $18 million.
An affiliate of the Development Group of South Florida sold a retail building just north of South Pointe Park and west of the Continuum South Beach on Jan. 15, M…

Developers are tapping art curators at luxury projects

A sculpture on display at Abington House and 400 Park Avenue South in New York where Emily Santangelo was tapped to curate artwork
From the New York site: Developers have long been using art to draw the wealthy to their latest luxury building — particularly in South Florida, where co…

Luxury Condo Developer Putting Soccer Field on Roof

MIAMI–Developers are working hard to differentiate their Downtown Miami condos, but the market hasn’t seen anything quite like this yet….

Latin America Full of CRE Investment Opportunities, Says Hospitality CEO

PHILADELPHIA, PA–With the US government’s recent moves to relax tensions with Cuba, the entire Caribbean region is getting new attention as investment opportunities for commercial real estate development expand, particularly in the hospitality sector, according to Alejandro (Alex) Zozaya, chief exe…

Farmers Insurance Pays $62 Million for Broward Apartments

The gated 79-unit Altis at Coconut Creek complex sells for $782,000 per unit.     …

Who Gets to Keep Court Registry Fee? Miccosukee Tribe Does in This Case

A state appeals court rules the tribe should get back its $72,000 fee spent successfully appealing a $4 million judgment.     ….

DR Horton Profit Beats Estimates as Home Sales Jumped

D.R. Horton Inc., the largest U.S. homebuilder by revenue, reported fiscal first-quarter earnings that beat estimates as sales jumped. The shares rose as much as 6.1 percent.     …

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