Search Results for: Codina

Miami Commercial Real Estate News April 28, 2021: 452-Unit MF Trades for 96.6M; Governor Signs Bill Reducing CRE Lease Sales Tax; Office Market Heating Up; More…

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MG3 Group sells Florida charter school portfolio including Everglades Prep in Homestead for $242M An Aventura-based charter school developer sold two South Florida campuses for $78.1 million, as part of a $242 million portfolio deal for eight schools throughout the state. MG3 Group, led by Marcelo Saiegh, Hernan Leonoff and Gustavo Bogomolni, sold the schools […]

Miami Commercial Real Estate News April 7, 2021: Hialeah Industrial Properties Sell for $50 Mil, Acre at Worldcenter for $20 Million; Inflation Expectations Rising; More…

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Codina Partners’ plan for Coral Gables rental tower advances with three-way property swap Codina Partners’ plan for a high-end rental tower in Coral Gables is a step closer… As part of the three-way trade, Codina Partners bought a 1.3-acre development site… bought Coral Gables’ former police building at 2801 Salzedo Street from the city for […]

Miami Commercial Real Estate News March 17, 2021: Coconut Grove Residence Inn Sells; Kushner Breaks Ground on Wynwood Project; More…

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Kushner starts construction on first South Florida development, scores $80M loan Laurent Morali and Charles Kushner with a rendering of their Wynwood project Kushner Companies started construction on its first South Florida development with partner Block Capital Group. The developers are financing construction of their Wynwood project with a roughly $80 million loan from Axos […]

Miami Commercial Real Estate News August 5, 2020: Oligarch’s Offices Raided; Dunkin Closing 800 Locations; We Troubles; Employment Steady; More…

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Federal agents raid Cleveland and Miami offices of company tied to Ukrainian oligarch Agents with the FBI and the Internal Revenue Service on Tuesday raided two offices belonging to Optima Management Group, a company with ties to a Ukrainian oligarch, federal law enforcement sources tell CBS News. The federal agents conducted the raid of Optima […]

Miami Commercial Real Estate News June 10, 2020: Closed CRE Sales & Sales to List Price Charts; Medley Warehouses Trade for $27 Million; Retail Woes Continue; More…

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Brookfield pays $27 million for Medley warehouses Brookfield Property Partners is increasing its presence in South Florida’s booming industrial market. The real estate arm of the Toronto-based asset manager purchased two industrial warehouses at 10800 Northwest 92nd Terrace in Medley for $26.9 million, records show. Oviedo, Florida-based A. Duda & Sons sold the warehouses. The […]

Miami Commercial Real Estate News February 26, 2020: Mana Seeks to Nix Wynwood BID; Miami-Dade Industrial Sales Top $1 Billion; More…

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Moishe Mana Wants Wynwood BID Dismantled; Both Sides Call Emergency Meetings This week, Moishe Mana, one of Miami’s largest landholders, has been circulating an online petition imploring people to “Save Wynwood,” warning that some stakeholders want to stop nightlife in the district at 11 p.m. At press time, it had over 22,000 signatures. He has […]

Miami Commercial Real Estate News February 19, 2020: Fountainebleu Reveals Proposed Addition; Jewelry District’s Metro Mall Renovation Begins; More…

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Fontainebleau Miami Beach reveals proposed addition Jeffrey Soffer wants to build a new garage at Fontainebleau Miami Beach, with top-floor ballrooms. The proposed garage will be strictly for employees, which means hotel guests will continue to valet at the entrance of the storied resort. Miami Beach’s land use committee on Thursday recommended the project after […]

Miami Commercial Real Estate News September 18, 2019: Fed Cuts 0.25%; Urbanica Developing Hotel on Miami Beach; Tariff Effects on CRE; More…

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Regency Miami near Beckham’s planned soccer complex trades for $26M A company tied to Miami investor Orlando Padron has acquired a 3.8-acre hotel property near Miami International Airport and David Beckham’s planned soccer and retail complex. OPB Capital Group Fund 1 LLC paid $25.8 million for the Regency Miami Hotel at 1000 Northwest 42nd Avenue. […]

Miami Commercial Real Estate News September 4, 2019: Miami Office Construction Hits Record; Impact on CRE of Dorian’s Near Miss; More…

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Hurricane Dorian spared South Florida but will still cost developers and contractors Most general contractors are back to work in South Florida, after securing and shutting down their job sites last week in anticipation of Hurricane Dorian’s arrival. While South Florida escaped the storm’s wrath, developers and contractors saw their costs rise as the days […]

Miami Commercial Real Estate News April 10, 2019: ZOM Buys to Develop at Miami Worldcenter; Considering Climate Risk; Developer Faces New Charges; More…

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ZOM Living, Moinian Group Purchase Land to Develop 43-Story Apartment Tower in Miami Worldcenter ZOM Living and The Moinian Group have partnered to purchase the land necessary to develop Luma, a 43-story, 434-unit apartment community within downtown Miami’s Miami Worldcenter project. The joint venture plans to break ground in the coming weeks. Luma will offer […]

Miami Commercial Real Estate News November 14, 2018: Amazon HQ2 Selection Made; Adler’s Miami River Project; More…

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Here’s what’s next for Adler Group’s Miami River project On Tuesday, Miami residents voted to approve a referendum allowing the Adler Group to lease city-owned land along the Miami River, placing the developer one step closer to breaking ground on its multi-tower project. But before that, the city has to decide where it will move its […]

Miami Commercial Real Estate News September 12, 2018: Commissioner, Little Havana Developer at Odds; Miami Skyscraper Facts & Figures; More…

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Commissioner ‘Crazy Joe’ Carollo takes on Little Havana developer Go back in journalistic history to the year 2000 and there’s a little gem in The Economist about Joe Carollo, who is currently a city of Miami commissioner. “When the mayor of Miami, Joe Carollo, was a budding city commissioner in the mid-1980s, he earned the nickname […]

Miami Commercial Real Estate News July 18, 2018: Beckham’s Melreese Proposal Fiercely Debated; Metamorphosis in Coconut Grove; More…

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Five Unanswered Questions About the New Beckham Stadium Proposal Soccer star and professional attractive person David Beckham spent a small portion of Thursday’s carnival-esqe city commission meeting complaining that anonymous Miamians haven’t been smiling at him as often lately. Only one woman publicly flashed him on Thursday! Poor Becks. Many Miami residents are, rightfully, skeptical about […]

View of downtown Miami from Key Biscayne Bridge

Miami Commercial Real Estate News April 18, 2018: $380 Million Development on Riverfront; Bayside Evicting; More…

Apr 18, 2018 - Top Stories - 0 Comments - Standard

$380 Million Development Bringing Rentals, Retail to Miami Riverfront The banks along the Miami River are mostly closed off to the public. Developer Andrew Hellinger is determined to fix that. “It’s not as inviting as it ought to be,” Hellinger told CoStar News. “What we’re trying to do is open up the river and invite the […]

Miami Commercial Real Estate News April 4, 2018: YotelPad Construction to Begin; Grand Station Apartments Moving Ahead; Opa-Locka Brownfield to be Developed; More…

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Grand Station moves forward with 30-story apartment tower in downtown Miami Grand Station Partners is moving forward with its plans for a public-private partnership with the Miami Parking Authority to develop a high-rise rental tower on a site in downtown Miami. The developer, led by Rovr Development principals Oscar Rodriguez and Ricardo Vadia, submitted a building […]

Miami Commercial Real Estate News March 14, 2018: New Tallest Tower to Begin Work; Miami Beach Macy’s Site Under Contract; More…

Mar 14, 2018 - Top Stories - 0 Comments - Standard

Macy’s site on Miami Beach under sale contract Sale of the Macy’s department store site on Miami Beach is currently in process. The site is under contract, with Marcus & Millichap commercial brokerage managing the sale. The Macy’s building itself at 1675 Meridian Ave. is a two-story square building that sits on 50,000 square feet, but […]