This building, which sold a few months ago for $14 million, is located off 5th street (area demographics) in Miami Beach. The building, which is just over 43,000 square feeet and located at 429 Lenox Avenue, was apparently tied up in litigation for a while due to a lender filed a lawsuit against managing members […]
Cofe Properties sells Pinecrest shopping center for $32M A shopping plaza in Pinecrest that houses local offices for brokerages Coldwell Banker and EWM Realty was just sold for $32 million. The Pinecrest Town Center, at 12651 South Dixie Highway, is a 96,075-square-foot shopping plaza that sits on a 5.2-acre lot. It houses mostly… Q&A with […]
This new video shows what Paramount Miami Worldcenter will look like at night. Very cool. Paramount Miami Worldcenter will transform Downtown Miami (view area demographic trends). It will not only offer residents ultra-luxury condos, it will also offer a luxury lifestyle, day and night. The scale of it has already changed, and is bound to continue […]
TotalBank lends $34M to build hotels in west Miami-Dade TotalBank granted a $34.27 million mortgage to affiliate of Boca Raton-based Procacci Development to build a pair of hotels near the Dolphin Mall in Sweetwater. The Miami-based bank made the mortgage to Procacci Dolphin and Procacci Sweetwater. They started construction in late 2014 on a Hilton […]
Ted C. Jones PhD, Chief Economist and Senior Vice President at Stewart Title Guaranty Company, makes some interesting points about commercial and residential real estate in Miami. It is worth taking the time to watch it, particularly for anyone currently invested or considering investing in Miami area commercial real estate, or anyone involved in the industry, particularly Commercial […]
Codina Breaks Ground On 2020 Salzedo, A 213-Unit Rental Project In Coral Gables In Coral Gables, developer Armando Codina has commenced construction on 2020 Salzedo. The project will include: 213 apartment units in a 16-story tower; 53,452 square feet office space in a six story building; 4,334 square foot retail space; 566 parking spaces in a seven story garage. […]
Faena Miami Beach lands $80M construction loan Alan Faena’s Miami Beach development received an $80 million construction loan, The Real Deal has learned. HSBC granted the mortgage to 3420 Collins Avenue LLC, a company tied to Faena and his Saxony Hotel, according to Miami-Dade County records. Faena Miami Beach spans from 32nd Street to 36th […]
At the time of its occurrence in August 1992 the costliest hurricane in United States history, Hurricane Andrew was the fourth tropical cyclone and the first hurricane of the Atlantic hurricane season in 1992. It originated from a tropical wave over the central Atlantic. Initially, strong wind shear prevented it from developing too much intensity. However, […]
Developer Submits Plan For 649-Foot Tower On City Hall Site In Edgewater The Federal Aviation Administration is now reviewing a developer’s plan to build what could become the tallest building in Edgewater. If approved, the tower would rise to a height of 643-feet above ground, or 649-feet above sea level. It would be built on […]
