Florida was the site of an enormous real estate bubble in the 1920s. Fueled by easy credit and advertisers that promoted a lifestyle of sunshine and leisure, contemporaneous accounts describe an overall “herd mentality” madness among Florida investors. Astonishingly, some lots in the city of Miami were bought and sold as many as ten times in […]
The total number of active commercial/ business/ agricultural/ industrial land listings in MLS for Miami-Dade County inched up 2.5% June to 822. Although recovering from a slight dip in the prior month, this increase represents the fifth increase in six months, as the total number of new listings has steadily marched upwards from 770 to 822, […]
Miami Beach grants first approval to create 800-room convention hotel Miami Beach’s city commission approved the first reading of a lease that would create a 800-room convention center hotel. The city has been seeking to build a hotel to complement the Miami Beach Convention Center for decades. The region’s largest convention center is undergoing $500 […]
As a young boy, I once noticed that our family dog would lie in the seemingly exact geometric center of the people in the house. Upon noticing this, I tested it by gathering the family together, then watching what he would do as people moved around the room. Even if someone moved just a couple […]
Equity One buys out interest in three Miami retail centers, profits up Equity One announced several shopping center transactions that involved South Florida as it released its second quarter earnings on Wednesday afternoon. The North Miami Beach- and New York-based retail REIT (NYSE: EQY) posted recurring funds from operation of $47.3 million, or 34 cents […]
In the seven days to July 27, 2015, MLS counts 18 new listings for commercial/business/agricultural land, coincidentally exactly the same as the prior week ending July 21st, which also had 18 new listings of this type. Notable among the new listings is a warehouse on nearly 20 acres on NE 215th Street with an asking price of […]
The Edge on Brickell is over: site trades for $18M The developer of the proposed Edge on Brickell has sold the Miami Riverfront site for $18 million to a Brazilian businessman, who plans to spend $200 million to build a 60-story condo-hotel, The Real Deal has learned. Leo Macedo, owner of the Brick Group, bought […]
Who knew nail salons were on such a roll? In the accompanying chart from FRED (Federal Reserve Economic Data) the aggregate revenue of a rather eclectic group of business types are plotted. These include nail salons, oil change and lubrication shops, bowling centers, and barber shops. Since 1998, both bowling centers and barber shop […]
Miami Beach considers plans for Baptist Health, hotel parking garage The Miami Beach Planning Board will take up two significant items on July 28 – a medical building that would be occupied by Baptist Health South Florida and a parking garage with some retail that would serve a hotel. Plans for the Baptist Health outpatient […]
In the seven days to July 27, 2015, MLS counts 61 new listings for improved commercial/industrial properties within Miami-Dade County, down a touch from 66 new listings in the week ending July 21st. Notable among the listings are a property on NE 209th Street in Aventura for nealry $9 million and an industrial property on NW River Drive […]
TriStar buys Atlas Plaza in Miami Design District for $65M Atlas Plaza, the Miami Design District property that’s home to the popular Michael’s Genuine Food & Drink, was sold for $65 million to an affiliate of TriStar Capital and RFR Holdings. Buena Vista Design Plaza, Buena Vista Design Plaza II, and Magnolia Court LLC, […]
As much as it feels like Miami’s population growth has exploded in recent years, this FRED (Federal Reserve Economic Data) chart of population growth in Miami-Dade County since 1970 tells a different story. In fact, population growth in the county has been fairly steady, as evidenced by the straightness of the plotted population line. What’s […]
Wynwood revitalization plan gets OK from Miami commission The city of Miami commission granted the first approval for the rezoning of the emerging Wynwood neighborhood as tens of millions of dollars of developer dollars have poured into the area. Having gained international fame for its street art, Wynwood is in the midst of a transformation […]
In the seven days to July 21, 2015, MLS counts 18 new listings for commercial/business/agricultural land, down from the prior week ending July 13th, which saw 28 new listings of this type. Notable among the new listings is a property in Edgewater with premium development potential and an asking price of $5.3 million. Other indicators during […]
Large industrial building planned on newly acquired Miami-Dade site Ridge Development plans to build a 182,057-square-foot industrial distribution facility on a site it recently acquired in Medley. Langer Holdings Corp. sold the 9.75-acre site for $5.3 million to Ridge Medley Partners, an affiliate of Ridge Development, the industrial property arm of Transwestern Development Co. Transwestern […]
Brickell City Centre is bound to change commercial real estate and the flow of commerce in the CBD and surrounding areas. Whether you’re interested in the project or are instead ever fascinated by big construction projects, this short video is worth watching.
