Focus on developing downtown Miami intensifies: ULI event

Downtown Miami, traffic-clogged by day and deserted at night, could soon be transformed into a pedestrian-friendly urban dining and entertainment hub, say planners, brokers and local business owners. Sandwiched between Northeast Sixth Street to the north, Biscayne Bay to the east, and the Miami River to the south and west, downtown Miami has lagged as development has boomed in nearby Brickell, Wynwood and Edgewater. But participants at a seminar last week…

Mexican financier’s $13.4M in South Florida property could be seized

Rafael A. Olvera Amezcua is tied to at least 17 properties valued at $13.44 million in South Florida, either as an owner, through a shell company or through affiliates. For a wealthy investor, millions of dollars in South Florida real estate isn’t unusual. But Amezcua isn’t just a wealthy investor. He is a Mexican financier who allegedly orchestrated a massive fraud against thousands of Mexicans.

What Shippers Need To Know About New US Port Bill

US shippers using the ports of Charleston and Everglades in the coming years should be able to ship their goods via larger ships and avoid navigational hurdles after Congress passed a major port bill late last week. More broadly, US ports seeking to deepen their channels to handle larger ships could…

Filling Station Lofts ditches condo conversion plan, goes back to rentals

Filling Station Lofts, which planned to convert its apartments to condos, has bagged that idea and is back to rentals amid the market slowdown. In June, developer Ron Gottesmann, co-founder and principal of NR Investments, told The Real Deal that the 10-story, 81-unit apartment building in Miami’s Arts & Entertainment District was converting to condos. Even though condo sales had already stalled in the South Florida market, Gottesmann said the switch was being spurred…

With Promises For Infrastructure, Regulations, Trump Sets Bar High For Shippers

In a year of disruption that has ranged from container shipping consolidation to radical changes wrought by e-commerce, few shippers and transportation providers planned for billionaire businessman, reality television star, and Republican nominee Donald Trump winning the US presidential election.

Miami-Dade County Eases Location Restrictions for Breweries, Wineries, and Distilleries

This past December 6, the Board of County Commissioners reduced the minimum amount of space required to have such places next to schools to 1,000 feet (provided they’re not used for agricultural use). The decision was unanimous. Before, the law required a minimum distance of 2,500 feet — roughly a half-mile — from schools and churches and 1,500 from any other establishment that sells alcohol. This new ruling affects Spanish Marie Brewing Company, a 2,500-square-foot…

Builders Risk Insurance: 8 Things You Need To Know

Coverage for insureds with construction exposures beyond the limited parameters of a standard commercial property form is accomplished through the use of the simplified language builders risk form and endorsements. The policy may be used to cover the interest of the building owner, the contractor…

Once Run-Down District Gets Bold New Start In Miami Beach

The launch of an amibitious new arts centre marks a key stage in the rebirth of the Faena District.

Entrepreneurs Take Control Of Brickell Property, Plan Mixed-Use Project

With an entire side of a block to work with along Southwest First Avenue, two dot-com entrepreneurs are now exploring an adaptive reuse project that would modernize their existing buildings.

County Seeks Inland Site For Seaport Cargo Operations

An inland port would be geographically central to private warehouses, allowing PortMiami to store containers and trucks until a shipping customer needs them.

Port Of Miami Terminals Seek Alliance To Negotiate With Container Lines

This is the first time two marine terminals have sought the Federal Maritime Commission’s blessing to create their own alliance.

Kendall Synagogue Sale Negotiated for $5.35 Million

Juan Carlos Mas, former CEO for one of the nation’s largest equipment rental companies, purchased the property, which he’s eyeing for possible redevelopment.

Condo Building On Washington Avenue Hits The Market: $14M

The building is being marketed as a hotel redevelopment with 42 luxury suites.

As Developers Go On Shopping Spree, Miami Retail Has Never Been Hotter

The timing may seem odd, given the obstacles, but experts say the Miami market’s fundamentals are strong and there’s room to grow despite fears of oversaturation when new projects open up. C

Terra Group Cancels $35 Million Offer For West Grove Assemblage

Environmental concerns killed the deal for the offer of 40 properties.

Spanish Billionaire Pays $500 Million For Iconic Downtown Miami Office Tower

The sale of the 55-story Southeast Financial Center is the largest single-building transaction in the history of Miami.

Xceligent Launches Its CRE Platform In South Florida

The company’s flagship research product provides access to building data and market analytics for a total of more than 1.9 billion square feet of commercial space in Miami-Dade, Palm Beach, and Broward Counties.

Not fielding best team will cost city more in riverfront deal

The City of Miami, fielding real estate’s version of a good college team, is about to enter a realty Super Bowl. We know before the game starts that the other team’s top-level pros are going to kick the stuffing out of our side. Maybe that’s why Commissioner Frank Carollo said the…

How the election may affect the commercial real estate industry

The presidential election has the country riveted and divided on several fronts. When it comes to the real estate front, the upcoming election is likely to affect the commercial  real estate and residential real estate industry. The economy is still in one of the slowest recovery periods of the…

More Miami Luxury Real Estate: Aston Martin and The WorldCenter

Miami has long been known as a prime market for luxury real estate. Despite the most recent turmoil in the city’s luxury market, the general trend is an increase in Miami real estate valuations. This is by in large due to the market’s adapatation to a new wave of buyers. Two new additions…

Miami Real Estate: December

Home prices rise across the nation, but not in Miami. Throughout the Fall, the nation saw a rise in home prices. The Standard&Poor’s/Case-Shiller 20-city home price index rose 5.5 perecent between October 2014 and October 2015. Home values rose about 5%…

Miami: A Billionaire’s Market

Miami is a hot market. Whether it’s the trendy Design District or the bustling Ocean Drive, real estate is one of the most attractive elements of the Floridian city. The city’s glamor is quantified in its subsequent real estate trades: everyone wants to own a part of Miami. Last month…

The Current State of Miami Real Estate

Local real estate industry leaders recently gathered in Miami to discuss the real estate market in South Florida. Interest in South Florida real estate from both the United States and abroad has made the real estate market attractive for developers. Due to the increased interest in real estate development…

Challenging Buyer? How To Manage Buyer’s Repair Request When Selling Your South Florida Property

One of the most anticipated moments for any residential or commercial South Florida real estate seller is the inspection process.  This is when a professional inspector looks over most every aspect of your property’s appearance and condition, such as plumbing, electrical, heating, air…

Buying A Renovated Home Or Commercial Property? Check Building Permits!

It’s a scenario that happens all too often for professional residential and building inspectors: buyers discover building permits were not issued on their home when the sellers did remodeling. For the new owner, this can be a serious financial and safety issue if they did not confirm that…

Commercial Real Estate Prices Still on the Rise

Commercial Real Estate Prices Still on the Rise, Will the Bubble Burst? The post Commercial Real Estate Prices Still on the Rise appeared…

Five things to consider when deciding whether to include an arbitration clause in a real estate contract

Many types of contracts require the parties to submit their disputes to arbitration. For example, arbitration clauses are common in consumer agreements, such as car leases and gym memberships. While a consumer can negotiate certain terms, like price, most of the provisions are not negotiable. While…

If I get a judgment against my commercial tenant, will I be able to collect?

At times, the easiest part of litigation can be getting a judgment, while collecting on the judgment can be time consuming and expensive. Unfortunately, it is difficult to determine whether you will able to collect on a judgment before filing a lawsuit. In the landlord/tenant context, before pu…

Top 10 provisions your litigator wants in your commercial lease

Your lease could be missing some critical provision that would help you in a potential dispute. It’s bad enough having to call your real estate litigator. But it’s worse when he or she tells you that your lease is missing some critical provision that would help you in your current dispute…

Two types of liens commercial real estate sales brokers should know about

Real estate brokerage is a business. No point in finding a willing buyer for your client’s property unless you get paid for your efforts, right? A lien can be a powerful tool to make sure this happens, but not without risk. There are two types of liens for commercial real estate sales brokers…

How to prevent a tenant from removing valuable equipment before they flee

A landlord may prevent a tenant from taking equipment from the premises by filing a distress writ. Before a landlord files suit for eviction, it should first consider whether there is any equipment on the premises that could help attract a new tenant. Frequently, landlords provide money in the lease…

Miami Beach pauses light rail project to wait for Miami-Dade’s commitment

Mayor Levine wants the people to decide on pursuing a connection between Miami Beach and downtown Miami Not long after Miami Beach residents showed displeasure over moving forward with a $244 million light rail on its island, the City Commission has unanimously decided to press pause on fast-tracking…

Construction defects at the center of Miami lawsuit

Construction is big business in Miami and this is especially true with the luxury market. When there is a property set to be developed, it is necessary for there to be several invaluable pieces in place to ensure that the process goes smoothly. This extends from financing to building to making certain…

Cyber Fraud and Real Estate Transactions

Today’s topic focuses on cyber fraud and real estate transactions while focusing on the ever present threat of cyber fraud and the implication is has for your real estate transaction. Like most businesses where money is involved, we are seeing an alarming trend in cyber fraud in the real estate…

Stemming the Tide of Shopping Center Foreclosures

“A tenant that has another store nearby with better sales may elect to let the less productive store go dark.”

$517M Office Deal Sets Record for Florida Real Estate

CBRE’s Tim Gifford advised the Spanish buyer on the state’s largest commercial real estate transaction of the year.

Iconic Hotel Trades for $165M

“It is the right project in the right market in an industry segment we love.”

South Florida’s foreclosure rate dives again in November: report

A June 2011 photo of the downtown Miami skyline (Credit: Marc Averette) and a foreclosure sign. Cooling residential market or not, South Florida is riding a now years-long trend of falling foreclosures rates. A newly released report shows that November marked yet another month of evaporating foreclosures…

South Florida moving toward real estate bubble: Anderson & Carr’s Banting

South Florida is headed toward a real estate bubble, but we’re not there yet, said Robert Banting, president of appraising firm Anderson & Carr in West Palm Beach.
“But it’s just a matter of time before the next [real estate] recession…

Watch Miami grow with this time-lapse satellite view

This video, showing a time-lapse satellite view of the Miami area for the past 30 years, was created with Google’s Timelapse, a global, zoomable video that allows users to see how the Earth has changed in some selected area over the past 32 years. It is made out of 33 cloud-free annual mosaic…

Video: Office Market Update from REIS

Barbara Denham from REIS discusses recent office market trends, including demand growth, vacancy rates, and cap rates, with Michael Bull, the host of this show.
The post Video: Office Market Update from REIS appeared first on HawkinsCRE….

Plans Revealed For Mixed-Use Project In North Miami Beach, Replacing Dean’s Gold

Assembling parcels for nearly $50M over the past two years, CK Prive Group plans for Uptown 163 calls for 160 hotel rooms, 198 apartments, 130,000 square feet of office space, and 200,0000 square feet of retail space.

Miami Worldcenter developers sell condo site to Dan Kodsi-led company for $26M

Aerial of the Paramount Miami Worldcenter construction site in October and Dan Kodsi. An affiliate of Miami Worldcenter Associates has sold the land for Paramount Miami Worldcenter to its partner, Dan Kodsi, for $26.275 million.  Records show Miami A/I Parcel 2 Subsidiary LLC sold the 2.25-acre…

Ella Fontanals-Cisneros plans to develop Miami property aimed at design tenants

Art collector Ella Fontanals-Cisneros plans to redevelop a building for design-related tenants, as showrooms continue to be priced out of Miami’s Design District.
Fontanals-Cisneros is gut renovating and expanding a building at 301 Northwest 36th Street, which she bought…

Video: Interview of Miami Developer Andrew Frey

In this video Miami Today interviews Andrew Frey, now the founder fo Tecela but at the time of this video with CC Residential.  A real estate development professional with more than a decade of experience, Andrew refers to himself as a developer, zoning lawyer, educator, and advocate.

Amaducci-Adams Talks About Miami Market, Gender Equality in Miami Herald’s ‘Business Monday’ Section

Suzanne Amaducci-Adams, leader of the Real Estate Practice Group at Bilzin Sumberg, frequently catches people by surprise when they hear that her group has closed on more than $2 billion in commercial real estate loans so far in 2016 despite what many describe as a Miami market that’s cooling…

CK Prive unveils plans for mixed-use project in North Miami Beach, replacing strip club

CK Prive Group has revealed plans for Uptown 163, a mixed-use project it plans to develop on 5.1 acres in North Miami Beach. The project, which would replace Dean’s Gold strip club and the surrounding property on the northeast corner of Northeast 163rd Street and Biscayne Boulevard, calls for 160 hotel rooms, 198 apartments, 130,000 square feet of leasable office space, 200,0000 square feet of retail space and about 1,400 parking spaces, according to the South Florida Business Journal.

When Florida lenders act wrongly, hold them accountable

Developers and owners of commercial real estate in Florida have a number of challenges they must overcome in order to find success. Market conditions and competitors can present numerous challenges, and these are in addition to the challenges facing the developer or owner individually. For instance…

Miami-Dade To Seek Developer For Mixed-Use, Transit Village Along Busway

The busway is a dedicated lane that runs along U.S. 1 from Florida City north to the Dadeland South Metrorail Station with the county exploring options for building light rail as well.

Amancio Ortega is on a mission to own the world’s priciest addresses

What do you buy for the man who has everything? For Amancio Ortega, the world’s second-richest person by a long shot, the question is instead “How do I hold onto what I already have?” The news leaked late Friday…

Video: A Sit Down with Miami Beach Based Hotel Developer Diego Lowenstein

In this videe, Diego Lowenstein is interviewed by Miami Today reporter Susan Danseyar.  Mr. Lowenstein heads a third-generation family business, started by his grandfather, as the CEO of Miami Beach based Lionstone Development.  Lionstone is primarily involved in hotels including…

Preservationists Call B.S. on County Plan to Restore Coconut Grove Playhouse

The Coconut Grove Playhouse was once among the nation’s leading theaters, premiering new works by Tennessee Williams and Samuel Becket and hosting acclaimed actors such as Carol Channing, Liza Minnelli, Bea Arthur, and George C. Scott. In its heyday, Miami’s first live theater debuted Urban Cowboy and Fame: The Musical and was the setting for David Letterman’s last remote broadcast. More than a decade after the historically designated theater closed its doors because of mounting…

South-of-Fifth revamped apartment building lists for $22M

A 27-unit apartment building in Miami Beach’s South-of-Fifth neighborhood that can be used as short-term rentals — or converted to condos — just hit the market for $22 million. The mid-century modern, three-story building at 250 Collins Avenue was built in 1959 and was recently fully renovated, Gary Hennes, broker at Gary Hennes Realtors, told The Real Deal. Hennes is listing the building with agent Matthew Scroggins. The three-story building, designed by architect Gene Baylis…

Rendering revealed: Karl Lagerfeld-designed lobby at Estates at Acqualina

Aiming to fashion a lobby into haute couture, Karl Lagerfeld’s design for Estates at Acqualina melds a silver floor, cerelean blue mosaic rugs and a fountain created to look like a wedding cake. The Trump Group…

5 Things to Include in a Good CRE Lease

What to look out for as you negotiate a commercial real estate lease. The process of negotiating a commercial lease can be extensive and exhausting, with several hazards to avoid. But a prospective tenant who has a basic understanding of the agreement and what they want in their lease has a great…

Congress To Vote On Extending The EB-5 Program

Congress is to vote Friday on extending the EB-5 Program, which grants foreign investors permanent residence for the right price. In the minds of local experts and developers who rely on it, an extension is all but guaranteed – securing the continued development in industries from…

Florida Partition Law (December 2016 Update)

Within the State of Florida especially, it is common to encounter real properties encumbered to more than one party– be it by inheritance, speculative investment, marriage, or some other such instance of shared ownership or tenancy in real estate. When these…

Blackstone sells Pier 66 hotel, marina and land in Fort Lauderdale for $163M

The Blackstone Group has sold the Hyatt Regency Pier 66 hotel and marina to Tavistock Development Company for $163.27 million, in one of the biggest commercial deals in Broward County this year. Records show 2301 SE 17TH St LLC sold the 22.7-acre property 2300…

Autozone Does $3 Million Lease Deal

Negotiated by the NAI Miami team of Joseph Gallaher and Jeremy Larkin, the AutoZone Mega Hub store will not only serve as a retail superstore but also a distribution center for the South Florida market.

Amancio Ortega buys Miami’s iconic Southeast Financial Center for $500M

Buying a whole block on Miami Beach’s Lincoln Road simply wasn’t enough for Spanish billionaire Amancio Ortega. The Zara owner has yet again smashed a Miami record with the $500 million purchase of downtown’s Southeast Financial Center, an iconic office building that seller JPMorgan Asset Management began shopping around earlier this year. In a single deal, Ortega has closed on the largest commercial purchase in Miami this year, blowing past the previous high set…

8 fast facts about South Florida’s billionaire condo king

You might call billionaire developer and art collector Jorge M. Pérez “Mr. Miami.” Not only does his Related Group of Florida create some of the city’s most noteworthy buildings, this son of Cuban émigrés is also a vice chairman of the Dolphins NFL team, and his name is on the institution once known as the Miami Art Museum and now called the Pérez Art Museum Miami (PAMM). We caught up with Pérez, 67, to get a sense of the grand accounting of his life.

Brokers and developers capitalize on artsy set during Art Basel

Lavish luncheons and dinners, helicopter tours, rooftop parties and art-studded soirees. During Art Basel, brokers and developers are taking advantage of the well-heeled crowd descending on Miami to boost the visibility of their luxury properties. Brokers are launching new multimillion dollar listings in time to catch art-lovers’ eyes. And a plethora of prospective buyers are squeezing viewings in between art fairs and fetes. Aiming to pull out all the stops, Oren Alexander…

Sea-level rise at center of heated debate over future of North Beach’s historic designation

North Beach (Credit: Marc Averette). Inset: Commissioners Kristen Rosen Gonzalez and Ricky Arriola, and architect Reinaldo Borges
Property owners and business advocates used sea-level rise as an argument against designating North Beach neighborhoods historic during a contentious special Miami Beach…

Marine stadium’s fate must rest on a business plan, not faith

Now that Miami commissioners have voted to borrow $45 million to restore Miami Marine Stadium, where does faith in the stadium’s ability to fund its own future end and guaranteed cash start? Faith is indeed an asset, but money in the bank is golden. Assessing the fate of the decayed stadium on…

Office Space Bargains Aren’t Easy to Find Anymore

Consumer psychology is surprisingly universal. It doesn’t shift dramatically whether the consumer is buying a Canali suit or leasing a corporate office. Everyone wants a perfect fit and a great deal. And to get a deal, one need only to comparative shop, negotiate hard and…

25 photos showcasing Art Basel 2016

The best of Miami Art Week on Instagram Another year of Art Basel is in the books as Miami Art Week wrapped up this weekend. The great part about 2016 is even if you weren’t able to make it to Miami’s signature annual art event or if you were out of town like myself, you can still get…

Miami considers negotiations to sell riverfront land, acquire new HQ

Miami commissioners are expected Thursday to entertain negotiations to lease the site of their riverside administrative headquarters to a private developer and pay for a custom-made office building elsewhere in the city. The tradeoff, which would give Adler Group the land needed to build more than a million square feet of shops, apartments and hotel rooms on the north bank of the Miami River, is up for a vote Thursday in which commissioners can give Miami’s administration…

Diego Lowenstein: Pushing a global growth plan for Virgin Hotels team

Diego Lowenstein heads a third-generation family business, started by his grandfather, who escaped Frankfurt in Nazi Germany and made a new life for himself and loved ones in Argentina during World War II. He started with nothing, his grandson said, but with perseverance won the fortune to place his…

Canadian investors buy MiMo building with plans for micro condos

5201 Biscayne Boulevard, Ness Ohayon on left, Mitash Kripalani on right. Micro condos may be headed to Biscayne Boulevard, close to the MiMo district. Canadian investors just paid $3.725 million for a 23-unit apartment building — plus air rights — at 5201 Biscayne Boulevard, with plans to…

Prodesa, Fortune launch sales for Naranza at Edgewater tower

Renderings of Naranza at Edgewater. Inset: Edgardo Defortuna. Fortune International Group launched sales for Naranza at Edgewater, a 137-unit, 19-story condo tower now planned for the Miami neighborhood. Prodesa, a real estate firm with offices in Colombia and Miami, is the developer behind Naranza…

Video: Multifamily Market Trends and Forecasts: Market Growth, Supply, and Lending

Panel discusses trends and forecasts related to market growth, supply of units, and lending conditions with regard to multifamily properties are discussed.  Participating in the panel are Benno Rotschild (Hartman Simons), Jamie Teabo (a board member of the Atlanta Apartment Association and Exe…

Bilzin Sumberg Partner Calms Fears of Trump Hurting Miami Real Estate Market

Attorney James W. Shindell, Real Estate chair at Bilzin Sumberg, has a message for those who believe Donald Trump’s presidential election will hurt Miami’s real estate market: The sky is not falling. Shindell addressed concerns of a Trump presidency impacting the South Florida market in…

What are the typical steps involved with venture capital?

As discussed last week in this blog, there is a concern about a slowdown in the commercial real estate market in the coming year. The potential slowdown facing Florida businesses is due to many factors, including potential financial issues. Accordingly, many business owners may be addressing financing…

Sticker Shock

Increasingly over the past 18 months, the Miami office market has decisively shifted to the landlord’s favor. Absorption of office space and rental rates have increased, there is little to no free rent and even though construction costs have risen, allowances have shrunk. It’s tough to…

Miami Neighborhood Gets A High-Tech Makeover

In a faded Miami manufacturing neighborhood, a pair of private developers are looking to build a Magic City–a $1 billion mixed-use technology and cultural hub for innovators and entrepreneurs.

Retailers Should Fear Amazon’s Grocery Ambitions: Gadfly

As if traditional retailers didn’t already live in constant fear of rival Amazon.com Inc., now the e-commerce giant is invading their home turf. Amazon on Monday announced plans to open an 1,800-square-foot convenience store early next year, likely sending shudders through Wal-Mart Stores Inc. and Target Corp., which are already scrambling to keep up with Amazon on e-commerce.

Suzanne Amaducci on big deals, Miami real estate and how the law has changed

Suzanne Amaducci works on the kind of complex land deals that give even other attorneys major headaches. The Bilzin Sumberg partner leads the Brickell-based firm’s real estate group, overseeing 33 attorneys. Her team has worked on transactions including the $1.4 billion development of Miami’s Design District; more than $200 million worth of construction loans for Florida East Coast Industries on its Brightline passenger train that will provide All Aboard Florida service…

Plans unveiled for $1B “Innovation District” in Little Haiti called Magic City

Sitting on 15 acres in Little Haiti Private developers have plans for a 15-acre “Innovation District” called Magic City in Little Haiti, a collaboration between investment firm Dragon Global and commercial real estate brokerage/developer Metro 1, per the Wall Street Journal.  The goal is…

Expansion of Cruise Terminal F breaks ground today at PortMiami

The $37.5M project is expected to boost revenue by $3.5M A $37.5 million expansion of PortMiami’s Cruise Terminal F breaks ground today with Munilla Construction Management holding a kick-off ceremony later this morning. The project’s initial phase features the reconfiguration and renovation…

Ubran Land Institute Panel: Miami developers predict luxury market slowdown to continue in 2017

From left: Jorge Perez, Ziel Feldman, Eliot Spitzer, Moishe Mana and Inigo Ardid. Two weeks after the glitzy opening for his company’s latest high-end project, the SLS Brickell Hotel & Residences, Miami condo king Jorge Perez signaled a shift away from building luxury towers locally during…

A Speculative Analysis of the Purchase of Plaza 8 Shopping Center at 9600 SW 8th Street

NOI Speculation: Costar reports that The Plaza 8 shopping center, located at 9600 SW 8th Street, Miami, FL, 33174, sold for $$11,186,604.  Our data, sourced from Miami-Dade, shows this property as 56,493 adjusted square feet on a 106,350 square feet lot, while Costar indicates…

Why Are Developers Still Pouring Billions Into Waterlogged Miami?

On Sunday, an ebullient procession of artists, performers, and city residents filled Collins Avenue between Miami Beach’s 32nd and 36th streets to inaugurate the Faena Forum, a 43,000–square-foot, $150 million, performing- and visual-arts space that’s the cultural centerpiece of the Faena District, a $1 billion development comprising luxury hotels, restaurants, and real estate. The complex is the brainchild of Alan Faena, an Argentinian fashion…

3 Chefs and a Chicken inks $16 million lease, to replace Wendy’s in Coral Gables

Miami-based 3 Chefs and a Chicken is growing, and will replace a Wendy’s in Coral Gables in a deal valued at more than $16 million.  The restaurant closed on the 20-year ground lease for the roughly 4,000-square-foot building at 6601 Southwest 57th Avenue earlier this month. A group of investors led by Sergio Delgado and Ramon Mendez paid $9 million for the 38,205-square-foot site…

Porsche tower begins closing units as Dezer eyes another car-elevator project

Gil Dezer’s Porsche Design Tower has finally begun turning over its units to buyers after more than three years of construction, with its current tally of sales resting at $760 million. But Dezer, who as recently as October said Dezer Development wasn’t planning on launching a new project in the near future, is already eyeing his next car-branded condo tower. He told The Real Deal that within the next six months, he plans on announcing plans for another luxury tower with a car elevator…

Video: Multifamily Market Trends and Forecast ~ Rent Increases and Property Management

Steven DeFrancis with Courtland Partners, a multifamily apartment property investor, Benno Rotschild with Hartman Simons, Jamie Teabo, a board member of the Atlanta Apartment Association and Post Properties’ (a company with multifamily properties in Florida, Georgia, Texas, and the District…

Eliot Spitzer, Jorge Perez, Moishe Mana, Ugo Columbo Participate in ELI Panel

As everybody tries to read the tea leaves about the Miami condo and investment market, the lineup at a November 30 Urban Land Institute panel should be able to give some answers. A lot of the speakers are familiar to those following trends in South Florida, starting with Jorge Perez, founder, chairman and CEO of Related Group, who was on the cover of the first issue of SFBW two years ago, and Moishe Mana, president of The Mana Group, who has been gobbling up property…

Industrial Lease Negotiated for Kintetsu World Express USA, Inc. In Doral

A member of the large Japanese conglomerate, the Kintetsu group, KWE USA has been a key player in the global transportation and freight forwarding industry since 1948.

Brickell City Centre construction manager accuses swimming pools installer of shoddy job

With the first phase of Brickell City Centre nearly complete, trouble is brewing among some of the firms involved in the project’s construction. Americaribe-Moriarty Joint Venture, which oversaw the first phase, sued Fort Myers-based Certified Pool Mechanics late last month in Miami-Dade County Circuit for breach of contract and filing a fraudulent lien. Americacaribe-Moriarty is seeking roughly $1.7 million in damages. Richard Chaves, a partner with Ciklin Lubitz & O’Connell…

Video: Multifamily Market Trends and Forecasts: Interest Rates and Foreign Investors

Steven DeFrancis of Courtland Partners, an investor in multifamily apartment properties, Benno Rotschild, a lawyer with Hartman Simons who works with multifamily commercial property investors, Jamie Teabo, a board member of the Atlanta Apartment Association and Executive VP of Post Properties…

ROKK3R Labs Moving to Wynwood

Miami Beach will lose a bit of its startup buzz while the booming Wynwood area will add to its cachet as Rokk3r Labs moves from the beach to the mainland. Rokk3r is one of the most prominent cobuilding platforms in South Florida – a place that entrepreneurs can go and get help getting their businesses off the ground. I’ve previously visited its headquarters just off Lincoln Road, which was a selling point for new recruits and interns. Presumably, the hip nature of Wynwood…