South Florida’s biggest hotel trades of 2016

From South Beach to Fort Lauderdale, hotel properties were hot tickets in South Florida’s commercial real estate market this year, often fetching top dollar from investors looking to grow their foothold in the region. Even with news of a possible oversupply in some cities and the Zika virus hurting…

Massive 28-Story Apartment Complex Proposed In Little Haiti

The development battle has edged northward into Little Haiti with one of the largest proposals in the neighborhood’s history and certain to upset anti-gentrification activists.

Hialeah Plans To Develop Two Transit-Oriented Districts

Aimed at promoting compact, mixed-use projects within walking distance of high-capacity rapid transit, the districts will be developed around the city’s Transfer Station and Market Station.

Miami Beach is the most expensive New Year’s Eve destination in the US, again

Topping out at over $1,700 a night! With fears of Zika in the rearview and temperatures lowering to more comfortable levels as the northeast freezes over, Miami again has become a premier travel destination across the globe. This is especially the case on New Year Eve as Miami Beach again paces the…

Real estate industry freaked out by Republican tax reform plan

Some real estate insiders are worried a Republican overhaul of the tax system could damage the industry. In June, Republican federal lawmakers proposed a tax reform, and lobbyists told the Wall Street Journal that it…

Miami market settling into slowdown in 2017: real estate players

Downtown Miami (Credit: Azeez Bakare Studios). Inset: Jay Parker, Mika Mattingly, Arnaud Karsenti, Ezra Katz and Taylor Collins. Miami’s real estate market experienced the first wave of a slowdown in condo sales at the start of 2016, with some experts warning it could lead to a recession by the end…

5 Steps to Find Your Next Commercial Real Estate Investment

Develop your selection criteria and invest with profit in mind. When it comes to finding the perfect commercial real estate investment, there are a lot of factors to account for, including your financial goals, your budget, your location, your risk tolerance, and a variety of other considerations.

Sunny Isles Beach landlord puts the squeeze on Miami Juice owners: litigation

An entity controlled by Barry Shelomovitz, a Sunny Isles Beach real estate investor who is co-developing the Residence Inn by Marriott, is being sued by his largest mom-and-pop tenant, the Miami Juice restaurant, at another shopping plaza nearby. Miami Juice’s owners allege Shelomovitz’s investment firm wants to squeeze them out of their long-term lease and evict them, based on a growing list of legal technicalities and allegedly petty complaints. It’s a legal move that they say appears…

Miami-Dade Wants To Make It Harder For Land Owners To Fight Assessment Hikes, Critics Claim

Miami-Dade property owners will find it much more difficult to contest their annual property assessments under a new guideline being considered by the Value Adjustment Board, a semi-governmental agency that mediates disputes between landowners and Property Appraiser Pedro Garcia, critics of the…

Dealing with commercial real estate litigation in Miami

Commercial real estate is a big part of the economy in Miami. Given that the city is so attractive as a place to live and visit, building and commercial real estate transactions are unavoidable. With some of these, there are disputes between developers, construction companies and others involved in…

Buying Landmarks: South Florida’s Biggest 2016 Office Deals

While glitzy new condo projects often steal the limelight, the five biggest office deals struck in South Florida during 2016 are showcased as well as the players who made them happen.

Why Are The World’s Top Real Estate Investors Risking Billions On Miami’s Riverfront Renaissance?

The Miami riverfront has long been the last remaining stretch of undeveloped waterfront property in a city where waterfront property is real estate gold—at least until recently.

Video: A New State of Mind in Downtown Miami

In this video published by the Miami Downtown Development Authority (Miami DDA) and produced by Reel City Films, living and working in downtown Miami is discussed.  A number of downtown Miami advocates are featured in this video, including: Leslie Pollack, an attorney with Kluger Kaplan; John…

PortMiami Approves Miami’s 79th Street Corridor As Foreign Trade Zone

The next step in the designation is the development of a business plan by the Foreign Trade Zone and the development of warehouse facilities.

Codina Partners Pays $28M For 55 Acres In Hialeah, Plans Warehouse Development

Returning to his roots in the industrial market, Armando Codina’s Beacon Logistics Park project plans building 1 million square feet of Class A distribution warehouses.

Doral’s First Mayor Is Back; Expected To Shift City Landscape

Newly elected to the office he held for nine years, Mayor Juan Carlos “JC” Bermudez hopes he’ll be able to reverse at least a few decisions Doral’s city government made about growth and development.

South Florida’s Biggest 2016 Office Deals

While glitzy new condo projects often steal the limelight, the five biggest office deals struck in South Florida during 2016 are showcased as well as the players who made them happen.

Massive Transformation Proposed In Part Of Miami’s Little Haiti With 28-Story Towers

On Dec. 21, the city’s Urban Design Review Committee will consider the site plan with a maximum development potential of 2,798 apartments, 418 hotel rooms, 283,798 square feet of commercial/retail space, and 97,103 square feet of office space.

Rents For Office Space In Florida Up Almost 10 Percent

Cushman & Wakefield said in a report released last week that the average square foot of office space statewide was renting for $32.26 – a 9.5 percent increase over last year.

Don’t lock out your tenant, even if the lease says so

A Florida landlord recently learned that “self-help” is not allowed for evicting a tenant, even if the parties’ lease says it is. In Palm Beach Florida Hotel and Office Building Limited Partnership v. Nantucket Enterprises, Inc., the parties’ lease supposedly allowed self-help…

Redesigned One Bayfront Plaza planned for downtown Miami

Miami’s skyline will look much different over the next decade Redesigned plans were filed by Florida East Coast Realty for One Bayfront Plaza, per South Florida Business Journal, bringing 902 apartments, 200 hotel rooms, 532,000 square feet of office space, 103,959 square feet of retail, and over…

LA-based Drybar inks first deal on South Beach

Southern California-based Drybar is opening its first Miami area location on South Beach. Drybar has leased 1,600 square feet at 1600 Collins Avenue #2, at the ground floor of the new Hyatt Centric South Beach Miami, next to Berkley…

South Florida homes are still growing more expensive at a steady clip

South Florida home buyers waiting for a price dip, don’t hold your breath. According to the latest report from the S&P CoreLogic Case-Shiller Indices, home prices in the region continued their years-long upward climb in October. The index, which tracks home sales…

Nightingale pays $80M for Miami Beach’s Lincoln Place office building

In yet another high-profile investment deal at the end of the year, the Nightingale Group just bought Miami Beach’s Lincoln Place office building for $80 million.
The purchase works out to roughly $571 per square foot for the seller, Cousins Properties, an Atlanta real estate…

These Leading Crowdfunding Platforms Are Changing The Real Estate Investment Game

Crowdfunding is on track to raise more than $30B this year, and while most platforms have something unique to offer, these five are leading the industry.

The Pritzker Prize, Architecture’s Elite.

The Pritzker Prize, only the crème de la crème of architects qualify for this honor. The Nobel Prize for architects shows homage to an architect whose work has portrayed dedication, out of the box thinking and talent. Miami for years, has become a personal favorite of the Pritzker family, which…

Miami’s Largest Office Building officially off the market.

Amancio Ortega -the world’s second-richest man according to Forbes. Founder of over 7000 ‘Zara’ stores in the world wide since 1975. With over $10 Billion worth of properties in his portfolio one might start to wonder how to spend it. What do you even buy for the man that has it…

Florida East Coast Realty Submits New Plan For Florida’s Tallest Tower

FECR’s re-submitted plans for One Bayfront Plaza will rise 92 stories soaring 1,049 feet tall.

Massive 28-Story Apartment Complex Proposed in Little Haiti

Land developers are all but salivating to sink their teeth into the rich, fatty, unblemished flesh that is Little Haiti real estate. The Wynwood gentrification fight is over — the only people who can afford land there now are the sort who maintain Cayman Islands bank accounts, and scores of tall luxury apartments are headed to that neighborhood. So the development battle has edged ever northward, into the historically black and historically poor Little Haiti. And now one of the largest…

Mandatory workforce housing act rejected by Miami-Dade commission

A controversial plan to mandate workforce housing in all new Miami-Dade County residential projects fell apart at the county commission’s Tuesday meeting.
With mounting pressure from the development industry and her fellow commissioners, Barbara Jordan reportedly…

MasTec Signs 65,000-SF Renewal in Coral Gables

MasTec, an infrastructure engineering and construction company, renewed its lease for a total of 65,000 square feet at 800 and 806 S. Douglas Rd. in Coral Gables, FL. MasTec occupies space in two buildings within the Douglas Entrance business park, including the 12-story, 138,839-square-foot

Video: A Few Mistakes to Avoid in Single Tenant Net Lease Contracts

Nancy Miller, SVP at National Net Lease Investment Group, and Tim Kinney, VP Capital Markets at a commercial brokerage firm, discuss with host Michael Bull, a few mistakes that it is best to avoid when reviewing your single tenant net lease contracts…

Explosion leads to lawsuit against developer and contractor

There is a significant amount of ongoing construction in Miami to create developments to attract renters, purchasers and visitors. An unfortunate corollary with the amount of construction that is always taking place throughout the city is the inevitable disputes over a construction project. The…

An Overlooked Aspect of a Limited Liability Company

Limited liability companies appear to be the flavor of the day for entrepreneurs setting up their own businesses. The establishment of a business enterprise is often thought to shield the owner from personal liability to creditors. It is true that owners of an enterprise do not have personal liability…

Firm Proposes 22-Acre, Mixed-Use Special Area Plan (SAP) In Miami’s Little Haiti

The Miami board will review the application on Dec. 21.

Cannabis Industry Leaders Vying For Land & Asset Acquisitions For Grow Operations

Located in a county designated to legally cultivate, process and dispense cannabis, Arcturus Growthstar Technologies just announced that it signed a contract to acquire a 15-acre parcel of land.