Venezuelan investors complete Calle Ocho assemblage
A group of Venezuelan investors has closed on the final portion of a land assemblage in Little Havana, bringing its total to nearly $9 million. Auyantepuy Investments LLC in late December paid $3.35 million for the properties at 901 and 925 Southwest Eighth Street in Miami. The company, controlled by Adriana Josefina Pena Borges, Maria Gabriela Davila, Juan Fernando Soto and others, purchased 939, 955 and 965 Southwest Eighth Street and 922 Southwest Seventh Street…
Miami’s Biggest Retail Property Deals in 2016 with Google Streetviews
The Palms at Town & Country, Kendall: $285 Million. The $285 million sale of the Palms at Town & Country last July comfortably tops the list of top Miami area retail property trades in 2016. The 70-acre open-air shopping center was purchased by Houston, Texas based Weingarten Realty Investors.
Miami River Commission approves Sushi Samba, Duck & Waffle complex
Construction of a restaurant complex on the Miami River that will house Sushi Samba and Duck & Waffle will soon resume. Architect Arturo Griego tweaked the four-story building’s design in order to allow for a wider portion of a public riverwalk, satisfying concerns raised by the Miami River Commission five months ago. On Monday, the commission’s board of directors unanimously approved the project, which had faced delays since September when the public agency balked…
Vote Set for Megadevelopment as Activist Warns It “Will Change Little Haiti Forever”
As a young immigrant to Miami, Haitian activist Marleine Bastien said she used to walk past the Sabal Apartments on NE Second Avenue in Little Haiti — and the apartments were home to many Haitian people. In the years since, the project has switched owners, and names, and is now called Design Place. But if the city approves a highly controversial development proposal, the longstanding structure might vanish — replaced by an outsize, multimillion-dollar condo block.
As Miami’s condo market plummets, commercial real estate soars
The foreign presence in Miami’s real estate market has long preferred residential investments over commercial ones – evidence of a desire to make quick or protect money rather than plant long-term roots. However, as Alex Zylberglait, a real estate investment expert, noted in a recent interview with Mansion Global, that dynamic seems to be shifting. “For decades, foreign buyers came to the U.S. to buy condos. But a strong dollar and skyrocketing condo prices has been shifting…
Frieght Forwarder Signs On For 55,000 SF In Doral
The Beacon Centre building lease in Doral is another example of a strong demand for quality warehouse space in the Miami Airport West submarket.
Everything You Need To Know About Florida Deficiency Judgments – Part I
A mortgage judgment in Florida does two things – it sets the amount owed to the lender, and it orders the sale of the mortgaged property and applies the proceeds to pay down the debt. Where the sale proceeds are insufficient to fully pay off the debt, the lender can get a money judgment against…
Check out new renderings of Paraiso Bayhomes in Edgewater
Two of the eight residences remain The under-construction Paraiso District, designed by Arquitectonica and developed by The Related Group, is going to transform Edgewater as we know it, injecting four towers, townhomes, and a beach club into an 11-acre area just north of Miami’s core. Renderings…
After financial setback, $305M Miami science museum rises
A new $305 million science museum in Miami that officials say will be one of the nation’s most sophisticated is on target to open in the spring, after surviving a financial setback that had threatened to derail the project. Adjacent to the city’s spiffy new art museum along the Biscayne Bay waterfront, the Frost Science Museum features a 500,000-gallon aquarium that will house sharks, barracuda, tuna and sea turtles; an Everglades exhibit; a state-of-the-art planetarium…
Kasowitz, Benson, Torres & Friedman LLP announced today that Manuel A. Fernandez and Albert J. Delgado, both leading Florida-based real estate transactional lawyers, have joined Kasowitz’s Miami office as partners in the firm’s real estate group. They were both previously partners of Akerman LLP. Prior to joining Akerman in 2011, Mr. Fernandez was at Stroock & Strook & Lavan LLP for seventeen years, including eight years as the managing partner of the firm’s Miami office.
Tour the new ABAE Hotel in South Beach
With Joe & The Juice opening on the ground floor The ABAE Hotel has quietly opened in South Beach, bringing 45 modern one-bedroom suites and penthouse suites to the quiet corner of 12th Street and West Avenue. On the ground floor of the building will be a Joe & The Juice, Curbed has learned.
Closing half of boulevard’s lanes to cars is a hell of an idea
For a 20-day trial, Biscayne Boulevard downtown has become either – you choose – an urban heaven or urban hell. If you’re there to walk your dog or take yoga lessons or play on the streets you’ll probably say that downtown has become heavenly. But if you’re trying to drive from north to south…
Stuart Meyers: Developing multi-family, mixed-use real estate projects
Stuart Meyers began his professional life as a CPA/auditor with Price Waterhouse in the Northeast but had fallen in love with Miami when he started visiting at age 10.
So after a 12-year career in corporate mergers and acquisitions with such major companies as ITT Corp., RCA, Kraft Inc. and United…
Miami Beach gives another thumbs down to height increase for mixed-use Sunset Harbour project
Rendering of proposed project and Bradley Colmer. Miami Beach commissioners on Wednesday rejected a proposed height increase for a mixed-use project tentatively called Sunset Harbour Residences at 1733-1769 Purdy Avenue, in the city’s fast changing Sunset Harbour neighborhood. Commissioners Ricky Arriola, Joy Malakoff and John Elizabeth Alemán voted in favor of the ordinance on a first reading, with commissioners Kristen Rosen-Gonzalez, Mickey Steinberg and Michael Grieco…
Atkins NA Leases 26,000 SF at 800 Waterford
Design, engineering and project management consultant Atkins North America is the first tenant to lease space in 800 Waterford Way, the spec 10-story, 246,085-square-foot class A office building under construction in the Miami Airport submarket. Atkins NA took the entire seventh floor, signing…
Entercom Miami Leases 23,000 SF at the Citadel
Entercom Miami signed a 22,500-square-foot lease at the Citadel office building at 8300-8380 NE 2nd Ave. in Miami, FL. The two-story, 61,000-square-foot building was built in 1951 in the Miami submarket. The asset is currently under renovation.
Missed payments lead to commercial real estate litigation
When entering into an agreement in the real estate market in Florida, whether it is for commercial or residential purposes, there is always a chance that the situation will take a turn for the worse. In the high-end world of commercial real estate, a great number of issues can result in the need for…
