Brickell condo development may slow
Riding a five-year trend of high absorption levels, developers planned another robust year of new construction in Brickell’s hot condo market. But early signs suggest 2016 might be different. The market took delivery of well over 1,000 units in 2015, and about three times that many sit on the…
High-profile site may add riverwalk
A high-profile site near the mouth of the Miami River downtown may finally be opened to the public as part of an extended riverwalk. The additional riverwalk would be temporary, for perhaps one year, while the property’s new owner lines up permits and other approvals needed to build a luxury…
Enforceability of Electronically Signed Documents
On April 20, 2016, the District Court of Appeal for the Fourth District of Florida held that a copy of an electronic promissory note (e-note) was sufficient to prove the identity of the e-note’s owner and to provide a…
New Florida Building Laws Effective July 1, 2016
Florida bills effective July 1 revise some rules in Fla.’s building code, regulate private-residence elevators and authorize officials to create fumigation rules. SB 1602 creates rules for new elevators…
Steelbridge Wraps Up SunTrust Center Acquisition in Largest South Florida Office Trade Year to Date
Steelbridge Capital, a privately held real estate investment firm with offices in Chicago and Miami, wrapped up its acquisition of SunTrust Center, a pair of office buildings at 501 and 515 East Las Olas Boulevard in Ft. Lauderdale, FL. Spanning a city block and totaling 278,635 square feet…
County flyspecks lease for big film studio
“There’s no news, which is probably good news,” on negotiations for a mammoth studio complex comprising 11 sound stages and 4 million cubic feet of water in 10 giant tanks, said Rodolfo Paiz, a principal of Miami Ocean Studios LLC. His company is in lease negotiations for 160 acres…
This Mall Will Be So ‘Ginormous’ That It Will Come With Its Own Suburb
Graham Cos. is pursuing a shopping complex just south of the American Dream Miami site, with commercial space for retailers looking for spillover from the mega-mall and about 2,000 apartments for people who will work there.
Industrial Lease Negotiated For Leading Transport And Logistics Co.
NAI Miami’s Lucia Custer and Gabriel Garcia-Menocal, SIOR negotiated the five year, 13,516-square-foot lease.
Walmart’s Construction Permit In Midtown Miami ‘Revoked’ By Building Department
The permit had been locked due to a lack of unity of title on the property.
South Florida Orangetheory Fitness Chain Inks Deal With N.Y. Yankees Baseball Franchise
Orangetheory will receive LED signage at Yankee Stadium as the Palm Beach-based chain works to expand throughout the U.S. and overseas.
Downtown, Wynwood And Coral Gables Developers Reveal Obstacles In Boutique Market
According to a panel of small scale project builders, investors developing boutique properties must be prepared to finance most of the construction and fight for rezoning and land use changes.
Miami Commissioner Demands Prioritized Funding for SMART Rail
Preach In light of MDX’s increased revenues from tolls in the form of $90 million over the last three years, Miami-Dade Commissioner Xavier L. Suarez is pleading for $40-50 million of it to be mandated to the funding of the city’s SMART plan, which would build six new mass transit l…
Atton Brickell Miami Hotel Opens Friday
Brickell’s newest hotel Atton Hotels will open its first hotel in the United States when the 275-room Atton Brickell Miami opens on July 1. The hotel is 12 stories and located at 1500 Southwest 1st Avenue. It offers the Uva bar in the lobby, Peruvian-inspired restaurant Lima, 4,000 square feet…
Here’s What Royal Caribbean’s New Cruise Terminal at PortMiami Could Look Like
Sleek and vibrant Broadway Malyan beat out four other firms (Aedas, Bjarke Ingels, Zaha Hadid, Asymptote) in a design competition for designing the new Royal Caribbean cruise terminal at PortMiami, via The Next Miami. Royal Caribbean VP John Tercek tells Travel Weekly why the cruise giant took a di…
Video: Commercial Economic and Regulatory Update
NAR’s Director of Quantitative and Commercial Research George Raitu and Stephanie Spear of NAR Government Affairs have turned in a clear and concise clip outlining the state of regulatory update in the commercial property sector, including thoughts on potential adjustments by the Fed to …
Brexit Vote: Commercial Real Estate Implications
With Britain’s vote yesterday to leave the European Union, what are the implications for the “Brexit” in the commercial real estate markets? A quick collection of viewpoints — from before and after the vote — is below. Traders Bet Billions on Brexit Result…
Tour the Newly Renovated Marlin Hotel on South Beach, Asking $22M
The new and improve Marlin Hotel The newly updated Marlin Hotel in South Beach has hit the market asking $21.9 million. After adding 19 rooms, the boutique hotel now offers 33 keys and was once the home to South Beach Studios, which housed the recording of top musicians like Bob Marley, Jay Z, Aerosmith…