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Owner of Lincoln building in South Beach looks to cash out
The German firm that owns the Lincoln building on South Beach – just steps from the Lincoln Road Mall – has put it up for sale. The retail/office building at 1691 Michigan Ave. was recently listed for sale by Colliers International South Florida’s Stephen Rutchik and Jonathan Kingsley – the longtime leasing agents – and CBRE’s Christian…
Chinese developers American da Tang Group and China City Construction are planning to bring an “iconic” new building to the former Capital Brickell Place property in Brickell, according to Shanjie Li, the CEO of American Da Tang Group. Curbed Miami once affectionately dubbed…
Developer proposes 94-unit condo in Miami’s Edgewater
Condo developer Spider wasted no time in filing plans for its latest Miami project after buying land in the Edgewater neighborhood. On Aug. 19, the company led by Andres Goldenberg paid $4.4 million for the 27,000-square-foot site at 113 and 123 N.E. 25th Street. The land currently has small residential buildings.
Generator Hostels plans to convert Atlantic Princess Condo in Miami Beach
London-based Generator Hostels has acquired nearly all of the units in the Atlantic Princess Condominium in Miami Beach and plans to convert it into one of its first high-end hostels in the United States. From April 29 to Sept. 2, 102 units in the building at 3120 Collins Ave. were sold to G 3120 Collins LLC. The LLC was managed by Miami…
Wynwood developer scores $10M in loans to redevelop warehouses for retail/restaurants
J Cube Development obtained $9.75 million in loans from City National Bank of Florida to redevelop and retrofit two vacant warehouses in Miami’s Wynwood Arts District for retail and restaurants. Aztec Group’s Charles Penan and Howard Taft represented the developer in the transactions covering 201 N.W. 21st Street and 2217 N.W. Miami…
Firm Tapped To Market 77,000 SF Office Asset
Elizabeth Santos, Senior Vice President with Sime Realty, will be spearheading the leasing efforts.
Can You Spot These Architectural Details Around South Beach?
To the world Miami Beach equals Art Deco (well, except for the Fontainebleau, which is just as famous. No, actually the world probably thinks the Fontainebleau is deco too) and Art Deco… well, except for the Chrysler Building and maybe something in Paris, equals Miami …
Comment of the day: “I agree that Moishe Mana’s plan…
“I agree that Moishe Mana’s plan is ambitious and applaud his efforts. Hopefully he decides to just renovate the properties instead of tearing them down. Having historic status does really help save these buildings.”—Kevin Spores
Rep. Frankel’s opposition still blocking Palm Beach port expansion
Port of Palm Beach seeks $88.6 million to expand. Federal funding for a proposed plan to dredge and expand the Port of Palm Beach remains unavailable more than a year after U.S. Representative Lois Frankel told U.S. Army to withhold the money. Tim Murphy, deputy district engineer of the…
Home builders Lennar, Toll Brothers target renters
Toll Brothers is taking its regional rental business nationwide. Lennar Corp. and Toll Brothers Inc., two of the nation’s biggest home builders, are making a push into apartment construction despite doubts about the sustainability of the multifamily development boom. Lennar said…
Bay Harbor condo groundbreaking expected in 2016
Juan Carlos Gomez, a Colombian developer, intends to break ground for a seven-story, 41-unit condominium in Bay Harbor Islands early next year. Unit sizes at the Bijou Bay Harbor condominium would be 900 square feet to 2,000 square feet, and the prices start at $530 per…
Office complex in West Palm Beach for sale
The owner of the Forum office complex in West Palm Beach has listed the 280,000-square-foot property for sale.
The owner is an affiliate of Miami-based Panther Capital Management, which bought the Forum for $13.7 million in 2010. The Forum is a cluster of…
What the Fed’s Move Means for CRE
“The combination of no current interest rate hike and uncertainty about future tax policy should be a short-term catalyst for…”