Mid-Market Miami-Dade Retail Properties: Top Buyers, Sellers for the Year
For retail properties in Miami-Dade County from 3,000 to 12,000 square feet, the top buyers in the past year as listed by Costar on February 4, 2016…
New 250,000 SF Class-A Office Tower Breaks Ground At Waterford At Blue Lagoon
“Building a property ‘on spec’ indicates the strength of the park and overall local market.”
NBCUniversal Telemundo Signs Massive 560,000-SF BTS Lease in Miami
In what will surely be one of the most valuable commercial leases in Florida’s history, NBCUniversal Telemundo Enterprises has signed a build-to-suit lease totaling 560,000 square feet in two buildings located at Prologis’ Beacon Lakes development within the Miami Airport West Industrial submarket…
Miami Beach’s ‘Clean AF’ Campaign is… Different
Has anyone noticed anything a bit peculiar while commuting east along 36th street by Midtown Miami? No, not drivers testing your brake pads with sudden u-turns from the right lane or naked people popping up through the sun roof – these things are ingrained in Miami’s culture. I’m referring to the…
Mark Cuban’s 288-Foot ‘Fountainhead’ Docks by Epic Hotel
The 288-foot superyacht belonging to Dallas Mavericks owner Mark Cuban is currently docked outside the Epic Hotel in Downtown Miami. Built in 2011, the ‘Fountainhead’ is no stranger to the Epic, having been spotted there in the past in addition to the large slip…
Prodesa Condo Proposed in Edgewater
A 20-story condo tower named Prodesa has been proposed for 444 Northeast 31st Street in Edgewater, on the west side of the four-building Paraiso Bay project, reports The Next Miami. The Arquitectonica-designed tower would have 137 units and limited office…
Lutnick bullish on US real estate, says NGKF outpacing rivals
From the New York website: BGC Partners chair and CEO Howard Lutnick said the U.S. economy’s current “low interest rate environment is good for real estate,” and added that Newmark Grubb Knight Frank’s domestic focus and low exposure to volatile global markets…
Frost family cans museum board, issues loan to save project
Miami’s troubled Museum of Science project has been bailed out by its namesake family: Phillip and Patricia Frost.
The Frosts gave the $305 million project a bridge loan to keep construction work moving while Miami-Dade County official…
700-unit multifamily portfolio in South Florida hits the market
A portfolio of three apartment complexes in South Florida is being listed for sale for an undisclosed price. The 701-unit portfolio includes the Palm Gardens, a 174-unit market-rate complex in…
Fed may revise outlook on multiple interest rate hikes
From the New York website: Federal Reserve chair Janet Yellen said that while the U.S. central bank still plans to gradually raise interest rates over the course of this year, global economic uncertainty could derail the multiple rate hikes previously forecast for 2016. In remarks…
Former Auction.com partners with CCIM Institute
Ten-X, formerly called Auction.com, has formed a partnership with the CCIM Institute aimed at bridging the gap between technology and real estate while boosting the online firm’s presence in the commercial property market, including…