Keyes Commercial
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 per square, which beat the consensus…
Developer to build GotRoom self-storage facility near Aventura
American’s Capital Partners plans to build a 120,000-square-foot self storage facility near Aventura.
The Got Room facility should break ground in late fall 2015. It would have 975 climate-controlled storage units and two loading docks. It acquired the 36,600-square-foot site at 2645 N.E. 186th Terrace for $2 million…
Broward County Goes Bananas
After 10 years of courting Chiquita Brands International, Broward County has secured the company, which will relocate its main headquarters to a 14,432-square-foot space at the Design Center of the Americas (DCOTA) building at 1855 Griffin Rd. in Dania, FL. Located in the Dania Beach Complex, the…
SW Miami Avenue Land Sold for $18.3M
A subsidiary of Brickway Investment Corp. purchased the vacant land located at 39 – 55 SW Miami Ave., on the Miami River, from a local owner for $18.3 million. The buyer plans to develop a 340-room hotel on the 0.3-acre site. As of now, permits are not in place and development isn’t…
EB-5 a good solution for Miami’s affordable housing woes, experts say
Legal experts in the EB-5 program said Miami’s regional center to lure foreign investments in exchange for green cards could help relieve the city’s affordable housing shortage, but it’s certainly not a panacea. The EB-5 program is a hot-button issue in Congress, as it’s set to expire on Sept. 30. The attorneys and Miami city officials…
Bridge Development acquires property to expand Miami-Dade industrial park
Bridge Development Partners acquired a 20-acre site in Hialeah Gardens that will allow its industrial park project in the area to exceed 920,000 square feet. Cushman & Wakefield’s Wayne Ramoski and Gian Rodriguez represented Bridge HG South, an affiliate of the Chicago-based developer, in the $7.05 million purchase of the property…
Johannsen Joins NAI / Merin Hunter Codman
Christian Johannsen, CCIM is relocating from NAI Miami to NAI / Merin Hunter Codman, Inc. as a managing director. In his new role, Johannsen will focus on capital advisory services for institutional-quality assets including debt and equity placement, bridge and mezzanine financings, structured…
BRG Pays $20.2M for Heron Bay Corp Ctr
Benedict Realty Group (BRG) acquired the two-building Heron Bay Corporate Center at 11555 – 11575 Heron Bay Blvd. in Coral Springs, FL from Ivy Realty Services LLC for $20.2 million, or about $227 per square foot. The Heron Bay Corporate Center totals 89,114 square feet of office space on six acres…
Hollywood neighbors beset by traffic fear further expansion by Ben Gamla school
Representatives of a traffic-congested Hollywood neighborhood are expressing new fears regarding the Ben Gamla middle-high public charter school complex, now under construction, after discovering that ex-congressman Peter Deutsch, a top school official, is linked…
On the water: This is How SoLe Mia Will Have Giant, Clear, Swimmable Lakes
SoLe Mia, the 183 acre, $4 billion megaproject that the Soffer and LeFrak families are building in North Miami will have two artificial turquoise lagoons that are ten acres each and are completely clear and completely swimmable, with beaches. Circled by residential high-rises, the lakes will also…
Railroading: Metrorail Line to Doral Would Cost Only $102 Million to Build
Miami-Dade Commissioner Esteban “Steve” Bovo, head of the commission’s transportation committee, is in discussions with CSX, a railroad company, to use their existing east-west freight line for passenger rail out to western Miami-Dade, either as Metrorail or Tri-Rail. Bovo told…
Abandonment Issues: Nike Missile Site Built to Stop Cuba is Being Demolished Now
Abandoned Florida, an urban exploration website helmed by the anonymously named Bullet (being an urban explorer, one often has to be anonymous) reports that they have heard that the Nike Missile IFC Site HM-95, D Battery, just off Krome Avenue, is set to…
Retail Comeback In Suburban Sprawl?
While retail’s national economic health picture remains mixed with the commercial real estate recovery applied unevenly across the land, recovery stories are appearing that demonstrate what could yet be for the national retail property market as a whole. In…
Pipeline Taking Coworking Model to Doral
“Doral’s growth and international population makes it an ideal community to serve as a complement to our other South Florida locations…”