Above is a color coded chart of vacant land sales per acre (view per acre here) in Miami-Dade for the 2 years ending October 31, 2015. This was prepared using data from Costar, and only includes sales over $1 million. Click the full screen icon in the upper right to open this is a […]
In this video, Mitch Rochelle and Andy Warren of PwC (PriceWaterhouse Coopers) join host Michael Bull to discuss the highlights of the much anticipated PWC report “Emerging Trends in Real Estate 2016”.
New York Investors Acquire Miami’s Courthouse Tower Brickman Associates, a New York-based real estate private equity firm, purchased the Courthouse Tower office building at 44 W. Flagler St. in Miami, FL from an entity controlled by the Donovan family. The Courthouse Tower is located directly in the middle of downtown Miami. Totaling 26 stories… CoastalTishman […]
The accompanying image, which lists existing retail inventory in greater downtown Miami, is from the January 2016 Greater Downtown Miami Study of Retail Market Conditions Report.
Former Miami Heat sharpshooter Ray Allen is back in the spotlight. This time, the two-time NBA champion, with his wife Shannon Allen, is reportedly opening Grown, an organic fast food restaurant, at 8211 South Dixie Highway, Miami, FL, 33133. It is set to open in March of 2016. Shannon Allen noted that the idea for Grown goes back six […]
For commercial property of all types in Miami’s zip code 33144 the top buyers in the past year as listed by Costar on February 18, 2016, were: Estate Investments Group; Eunice Singer De Russoniello; Steve Halegua, P.A.; Living Care Solutions; Rodolfo Dumenigo; Mario A. Lamar, P.A.; CGI Companies, Inc.; Orion Real Estate Group; Brandon Partners; […]
New York firm proposes twin towers on downtown Miami site A New York firm has just put forward plans to build two 43-story residential towers on a downtown Miami parking lot owned by Russell Galbut and Andrew Resnick. As first reported by the Next Miami, the proposal includes two residential towers with ground-floor… 200 Building […]
For commercial property of all types in Miami’s zip code 33126 the top buyers in the past year as listed by Costar on March 2, 2016, were: Hines; NorthStar Realty Finance Corp; CBRE Global Investors; Ashford Hospitality Trust, Inc.; Brookfield Asset Management, Inc.; Franklin Street Properties Corporation; Carter USA; DRA Advisors, LLC; Noble Investment Group; The Summit […]
PWC, also known as PriceWaterhouseCoopers, has published is 2016 Emerging Trends in Real Estate® report, covering commercial real estate of all types in the United States and Canada. Miami is mentioned throughout the report in many of the tables and charts as well as in the text of the report. Below are some excepts specific to Miami […]
Beckham and Miami-Dade at odds over parking at stadium David Beckham’s plans to build a soccer stadium in Miami have reportedly hit yet another roadblock: parking. The soccer star and his development group Miami Beckham United missed their February deadline to close on the purchase of Miami-Dade County… Seminole’s $1.8B expansion plan in jeopardy after […]
The capitalization rate (cap rate) for mid-market office properties in Miami-Dade County (5,000 to 10,000 square feet) drifted to just under 6% in the most recent period reported by Costar. As can be seen in the attached chart, cap rates have gyrated around 6% to 7% midpoint, and of late have been in decline since their 2013 […]
The National Association of Realtors® (NAR) Commercial Real Estate Outlook for the first quarter of 2016 focuses on market performance large and small commercial property sectors. The report provides an overall view of economic indicators, investment sales of commercial real estate, and commercial property leasing fundamentals. Some highlights of this quarters reports include: Rising employment levels […]
Miami Beach to Consider Chinese Developer’s Proposal for 18-Story Condo Tower The Miami Beach Historic Preservation Board (HPB) next week will consider a proposal by a Chinese developer to build an 18-story waterfront condominium project on land it purchased last fall from The Peeples Corp. The project on a vacant lot at 6747-6757 Collins Ave. […]
For office properties in Miami-Dade County from 5,000 to 10,000 square feet, sales volume in 2015, approaching $70 million, hit a 10-year high. This is about 40% higher than the prior year and 80% higher than 2014. Related Miami-Dade Countr (Miami area): Office property trends Office property listings This was compiled using data from the CoStar […]
