Ten Year Lease Negotiated for Massage Envy Spa
To date, Josh Rodstein and Brandon Weiss have completed more than 50 transactions for Massage Envy throughout the state of Florida.
The railcar contractor for Miami-Dade County is slated to manufacture and assemble 136 new Metrorail cars at the facility.
New York Life Pays $114.8M for Weston Pointe Business Park
A group led by New York Life Insurance Management LLC acquired the Weston Pointe business park at 2100-2400 N. Commerce Pky in Weston, FL from Gramercy Property Trust, Inc. and Duke Realty Corporation for $114.79 million, or about $296 per square foot. The four-building campus totals 388,112 square…
$91.2M Construction Financing Signals Start of Eighty Seven Park Development in Miami Beach
Terra Group, Bizzi & Partners and New Valley have secured $91.18 million in construction financing for their proposed Eighty Seven Park multifamily development at 8701 Collins Ave. in Miami Beach, FL. United Overseas Bank provided the funding, the receipt of which facilitated the start…
Commercial Property Prices Continue to Rise in One of the Best Years Ever for CRE Market
U.S. commercial real estate continued to enjoy a banner year in November as 2015, with market fundamentals reflecting healthy levels of absorption and continued rental gains during the month supported broad price gains, even as construction levels for office, retail and warehouse space have begun to…
Miami Redevelopment Site Sells for $22M
Palms on the Bay LLC sold the 32-unit multifamily building at 700 NE 23rd St. in Miami, FL to Two Roads Development for $22 million. The buyer plans to redevelop the property into a 57-story, 400,000-square-foot residential tower with 100 luxury condominiums. Known as Elysee Residences Miami…
Miami Industrial Real Estate Market Report for the Year End 2015
2015 was a record breaking year for Miami’s industrial real estate market. Lease rates now average $9.01 per sq. ft. and sales prices average $95.94 per sq. ft. Neither stat has ever been higher. Positive absorption was a very impressive 3.9M sq. ft. bringing our overall occupancy up to over …
Negotiations Underway For Purchase Of Ludlam Trail Railway
The purchase of a sliver of an old railway that would be converted into a linear park is potentially part of a larger, more ambitious city park expansion in West Flagler.