Genting wants over $1B for waterfront Miami site Malaysian gambling operator Genting Group is looking to cash in on its bet on Miami — while holding onto some of its chips. Genting is seeking more than $1 billion for its 15.5-acre waterfront assemblage, Bloomberg reported and sources confirmed to The Real Deal. The land at […]
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. […]
Melo Group reveals plans for massive 60-story towers in Edgewater Melo Group has finally unveiled its plans to build two 60-story waterfront residential towers in Edgewater. The Miami-based developer is planning to build 782 units and 9,000 square feet of ground floor retail and commercial space at the property at 700 Northeast 24th Street. The […]
Joint Venture Expands Beachfront Footprint with Acquisition of Two Hotels in Miami Beach for $139.9M A joint venture between SHVO, Bilgili Group and Deutsche Finance Group (DFG) has acquired the Richmond Hotel at 1757 James Avenue, Richmond Apartments, and South Seas Hotel at 1751 Collins Avenue for a total of $139.9 million. The companies purchased South […]
Hilton Hotel Replaces Spanish Brand at Downtown Miami Tower Along With $57M Refi The ME by Meliá hotel in downtown Miami at 1100 Biscayne Boulevard has been replaced by the Hilton-branded Gabriel with help from a $57 million bridge loan. “We wanted to move toward a more competitive U.S. brand, and the biggest in the world […]
Amazon Plans New Facility In Miami Airport West Miami-Dade County missed out on Amazon.com’s HQ2, but it could gain a new delivery station for the e-commerce giant. Prologis filed a pre-application with county officials on March 20 to modify its warehouse at 6703 NW Seventh Street in a plan titled “Amazon Delivery Station.” Developers file […]
Developers propose mixed-use projects in Allapattah, Edgewater and Overtown Developer Robert Wennett, Mill Creek Residential, and Estate Investments Group are taking their projects to the city of Miami’s Urban Development Review Board on Wednesday. Modera Biscayne Bay: Mill Creek Residential plans to acquire the properties at 412 Northeast 22nd Street and 436 Northeast 22nd Street in Edgewater […]
This video is cued up to the point where CCIM Institute Senior Economist KC Conway makes a bold prediction about Amazon HQ2: My new wild forecast is – get my red shoes out again – is that Amazon’s HQ2 is not going to be in one city. I think that between now and the end of the year they’re […]
Triple Five’s $4 Billion American Dream Miami Project Wins Final Approval from County Officials American Dream Miami will be a massive mall and entertainment center in northwestern Miami-Dade County. The first phase is expected to open in 2023. Make way for American Dream Miami. The Miami-Dade County Commission did just that Thursday, granting a series of approvals […]
Malibu firm picks up mobile home parks near Coral Gables for $50M A Malibu-based real estate firm paid $50 million to acquire two mobile home parks on Southwest Eighth Street… 1989 Sunny Court LLC, an affiliate of Marquis Property Company, bought the Silver Court park at 3200 Southwest Eighth Street and the Sunnyside/West Haven mobile […]
