After cashing out in Design District, developer buys Midtown Miami building for $10M Giampiero Di Persia’s Tirrenia Developments came away with a $20 million profit after selling a building it constructed in the Miami Design District earlier this year and now it’s invested some of those proceeds in a property in Midtown. New Midtown Studios […]
In the seven days to July 21, 2015, MLS counts 66 new listings for improved commercial/industrial properties within Miami-Dade County, down nearly a third from 95 new listings in the week ending July 13th. Notable among the listings is a fully equipped restaurant and bar on North Miami Avenue for $10.5 million. Other indicators during this […]
The National Association of Realtors® has released its Like-Kind Exchange Survey for 2015. For a significant portion of real estate market participants, like-kind exchanges, commonly referred to as 1031 exchanges, provide an important vehicle to dispose and acquire property. Sixty-three percent of REALTORS® participated in a like-kind exchange transaction during 2011-14. Like-kind exchanges accounted for […]
Lululemon, Cole Haan, 2 more retailers announce space at Brickell City Centre Brickell City Centre on Tuesday announced five more brands that have claimed storefronts at the massive mixed-use development. They include fitness apparel chain Lululemon Athletica, Italian casualwear brand Harmont & Blaine, American lifestyle retailer Cole Haan, handmade Italian sunglasses retailer Illesteva and Colombian… […]
This technology is very cool, and is changing the possibilities for commercial development. This video, a promo from the company itself, significantly highlights Brickell House in Miami and the additional square footage of development this technology allowed.
All Aboard Florida’s MiamiCentral Scale Model Includes Supertower That Could Reach 1,000 Feet Somewhere in All Aboard Florida’s headquarters is a scale model of their under-construction MiamiCentral project. We now have evidence that the model exists, and that it includes a so-called “Supertower”, thanks to Local10 cameras which captured video of it earlier this week. […]
Moishe Mana’s Wynwood assemblage expands west of I-95 Moishe Mana bought a site on the west side of Interstate 95, across from his large holdings in Miami’s trendy Wynwood neighborhood. Paradise Dairy Acquisitions, an affiliate of affordable housing developer Pinnacle Housing Group, sold the 5.32-acre site, at 2451 N.W. Seventh Ave., for $8.5 million to […]
Get out your wallet. Property Appraiser Pedro J. Garcia has announced the July 1 Preliminary Certification of Taxable Values to Miami-Dade County area taxing authorities . “For the first time since 2007, every municipality in Miami-Dade County has seen a value increase. This growth has been steady with the coastal communities leading the way,” said […]
Scott Robins’ new building off Lincoln Road for sale: $30M A newly constructed building off Lincoln Road, developed by Scott Robins and Miami Beach Mayor Philip Levine, has just been up for sale for $30 million, The Real Deal has learned. The 18,000-square-foot, glass-enclosed building at 1000 17th Street in Miami Beach is the new […]
Chair Janet L. Yellen Semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. July 15, 2015 Chairman Hensarling, Ranking Member Waters, and members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Report to the Congress. In my remarks today, […]
In the seven days to July 13, 2015, MLS counts 28 new listings for commercial/business/agricultural land, up rather significantly from from the prior week ending July 6th, which saw 15 new listings of this type. Other indicators during this period that commercial real estate investors may wish to review are trends in commercial real estate prices and […]
Moishe Mana boosts loan to $75M Developer Moishe Mana took down $54 million on a $75 million facility for a handful of properties he owns in Wynwood and downtown Miami, according to a mortgage recorded in Miami-Dade County records on Friday. Mana’s companies, 48-76 East Flagler… Shore Club project demolition approved for Cromwell Hotel After […]
New Miami-Dade County commercial property listings on MLS reached one of the highest levels in the past 5 years. The 423 new listings level has only been surpassed a half dozen times in the last 5 1/2 years, and even then by a small margin. Additionally, this level, in the upper end of a […]
Mixed-use rental building tops off in Coral Gables A rental and retail tower along Coral Way in the Gables has just topped off. The Mile is a planned 13-story building with 120 apartments and ground-floor retail space. It is being developed by Greystone, based in New York, and Alta Developers, based in Miami. The two […]
In the seven days to July 13, 2015, MLS counts 95 new listings for improved commercial/industrial properties within Miami-Dade County, exactly the same, rather coincidentally, as in the prior week ending July 6th. Other indicators during this period that commercial real estate investors may wish to review are trends in commercial real estate prices and availability. These […]
