Keyes Commercial
Miami Worldcenter’s mixed-use tower, trio of Related Group towers among new projects in Miami
Miami officials are set to consider the design of a host of projects on Wednesday, including a mixed-use tower at Miami Worldcenter, a trio of residential towers by the Related Group and a residential building in Edgewater. The proposals will go before the Urban Development Review Board this afternoon for feedback on their designs.
Expedia Leases 23,000 SF at 701 Brickell
Online travel booking site Expedia.com leased 23,179 sqaure feet in the office building at 701 Brickell Ave. in Miami, FL. The 677,667-square-foot office building was constructed in 1986 in the Brickell submarket. TIAA-CREF acquired the asset in 2002 for $172 million, according to CoStar data.
Atlanta’s Jamestown buys historic South Beach building for $12M
Atlanta-based Jamestown L.P. bought the historic London Arms building on South Beach, giving it a third property on Collins Avenue. Aria Development Group affiliate 727 Collins Acquisition sold the 21,120-square-foot, mixed-use building – built in 1930 – for $12.3 million to Jamestown Premier 727 Collins Avenue. It’s pat of commercial…
Terreno Realty Corp Pays $17.3 Million for Miami Industrial Ctr
Terreno Realty Corporation acquired the four-building Miami Industrial Trade Center at 8315-8485 NW 74th St. in Miami, FL from TA Realty for $17.3 million, or about $112 per square foot. Totaling 154,560 square feet of warehouse space, the four buildings are located west of Miami International Airport…
Starwood Acquires Huntington, Miramar Centre Portfolio for $82M
Starwood Capital Group has acquired the Huntington Centre I and II at 2801 – 2901 SW 149th Ave. and the Miramar Centre I and III at 3401 and 3601 SW 160th Ave. in Miramar, FL from MetLife Real Estate Investments for $82 million, or about $219 per square foot. The portfolio totals 373,902 square…
Jefferson Monterra Apts Sold for $55.7M
Jefferson Apartment Group and Starwood Capital Group sold the 252-unit Jefferson Monterra multifamily complex at 2940 Solano Ave. in Cooper City, FL to Morguard Corporation for $55.7 million, or approximately $220,000 per unit. The 268,620-square-foot apartment community consists of one-, two-, and…
Sleeping Around: Lord Balfour Hotel Building New Wing on Ocean Drive
The Lord Balfour Hotel, which was just renovated in 1013, is building a new expansion in the empty lot next door, to its south. Designed by EoA Architects, and being built by Amicon Construction, the contemporary structure with sort of a sailing ship-like wooden facade will contrast with the art…
Possibly Coming Attractions: Even More Lake-Sized Pools Could be Coming to Miami
The two massive ten-acre, environmentally friendly swimming pools/ lakes/ lagoons coming to the SoLe Mia Miami megaproject could be just the beginning of more to come. Uri Man, CEO of Crystal Lagoons, the company designing and building the lake-sized pools…
Preservation Watch: Vizcaya Planning for the Future of Its Historic Farm Grounds
With the closing of the Miami Science Museum, the neighboring Vizcaya Museum and Gardens has begun even more seriously planning for their eventual accession of the science museum’s grounds, which were originally a portion of Vizcaya’s historic farm…
Reform on the horizon for the popular EB-5 Program
The 2016 political season has kicked into high gear, sparking lively discussions about major issues affecting the country. Two of the most significant issues being debated among the candidates are the economy and immigration. Typically, these topics are analyzed independently; however, the conversation…
Are EB-5s the Answer to Affordable Housing?
EB-5s have plenty of critics, but do the benefits on the affordable housing front drown them out?
Get on the Underline with Meg Daly
Miami is the fourth most dangerous place for pedestrians in the U.S. and Florida is the most dangerous state for cyclists. Meg Daly has an idea to help fix that, and it begins with building the infrastructure to support increased biking and walking throughout the city’s urban core. Inspired by The High Line in New York and The 606…
Glen at Lauderhill Sold for $44.8M
Turner Multifamily Impact Fund LP acquired the 405-unit The Glen at Lauderhill at 2360 NW 56th Ave. in Lauderhill, FL from Priderock Capital Partners LLC for $44.75 million, or about $110,000 per unit. The multifamily property features a business center, car wash, club house, and pool. In 2009…