Keyes Commercial Real Estate
1st Quarter 2014 Industrial Market Report for Miami-Dade County CRE
Total Industrial inventory in the Miami-Dade County market area amounted to 229,374,658 square feet in 8,790 buildings as of the end of the second quarter 2014. The Flex sector consisted of 16,908,307 square feet in 600 projects. The Warehouse sector consisted of…
Sixth new condo tower of this cycle completed in Greater Downtown Miami
The sixth new condo tower of this current South Florida real estate cycle that began in 2011 has been completed in Greater Downtown Miami. Construction of the new 35-story Nine at Mary Brickell Village (area demographics & economic data, commercial property listings) with…
Raising Money through Real Estate Syndications – Recent Law Changes to the Rule 506 Exemption
The Jumpstart Our Business Startups Act, known as the Jobs Act, has changed the way to raise money from groups of investors to purchase commercial and investment real estate properties. Many forget that raising money from multiple investors is often viewed as…
Stuck in Traffic: Miami-Dade County Public Transit is…
Miami-Dade County Public Transit is becoming, in the eyes of many, the most obvious solution to Miami’s really bad traffic, but—surprise of the century!—existing transit fares come nowhere close to paying for operation, the half cent sales tax increase that was supposed to save it all…
Investing in NNN Triple Net Leased Commercial Real Estate Properties
Not all real estate investors are created equal. A large number of them simply are looking to place their hard-earned money into a safe haven to avoid the often unpredictable nature of the…
Commercial Real Estate – Terms & Definitions
Commercial Real Estate – Terms & Definitions: Availability Rate: The ratio of available space to total rentable space, calculated by dividing the total available square feet by the total rentable square feet. Available Space: The total amount of space that is…
Partition of Florida Real Estate
Joint property ownership is a partnership at its core. Partnerships are great tools to save money, promote economies of scale, and better utilize resources. However, in situations where more than one party owns property, decision-making may become cumbersome, partners may…
Office Space, Hotel Rooms, And Residential Units Planned At Miami International Centre
Across from the Miami Intermodal Center, investors are eyeing the former Bertram Yacht Facility as the potential site for a megaproject. Alecta, a Swedish pension fund, bought the 22-acre property in 2011 for $17 million. Soon after, Bertram moved out.
Understanding Florida’s Commercial Real Estate Sales Commission Lien Act
Pursuant to Florida’s Commercial Real Estate Sales Commission Lien Act, a commercial broker has a lien upon the owner’s net proceeds from the sale of commercial real estate for any commission earned by the broker under a written broker’s agreement.
In suburban Doral, developers bank on an urban future
Life in Doral is getting a major update: Prominent local developers are building mixed-use projects they say will help turn this industrial, traffic-clogged suburb in west Miami-Dade into a walkable, shop-able city.
Are You Entitled to Receive a Real Estate Commission?
As the amount of South Florida real estate transactions continue to reach new records, real estate brokers and agents find themselves in more and more commission disagreements. As such, we thought it would be a good idea to post a new article on the doctrine of proc…
Thor Equities Pays $16M To Complete Miami Design District Assemblage
The New York-based developer acquired a key piece for its upscale retail project in the Miami Design District in a long-delayed deal.
Miami’s Green Spaces Are Prime Assets for Public-Private Partnerships
On March 29, 2015, the Transportation and Infrastructure Committee of the Greater Miami Chamber of Commerce, of which Bilzin Sumberg is a member, hosted an event that discussed infrastructure plans that would increase Miami’s walkability and bikeability. In addition to increasing modes of…
Miami Ranks High in Real Estate’s ‘New Dawn’
Miami was just named among the 12 cities investing and occupying world city real estate by Savills World Research. At a glance, the report calls out Miami for tourism, construction, and Latin American regional headquarters.
Verzasca Group to launch tower on Denny’s site in Sunny Isles Beach
Former Sunglass Hut exec sells Brickell home to Miami developer
A former Sunglass Hut owner sold his Brickell mansion — after it spent more than 1,200 days on the market — to Terra Group’s David Martin and his wife Christina. Dean and Jania Ziff sold the 2-acre estate at 2999 Brickell Avenue for $14 million…
Atlanta firm picks up West Palm Beach community for $112M
An Altanta-based real estate company just purchased the Resort at Laguna Lakes — an 812-unit multifamily community in West Palm Beach — for a total of $112 million. The development is split into two phases: Arium Laguna Lakes, which was built in…
Photos of 10 brilliant ideas for the skyscraper of tomorrow
A design by Shi Yuqing, Hu Yifei, Zhang Juntong, Sheng Zifeng, He Yanan, China (Credit: eVolo Magazine)
From the New York website: The sky is the limit. Literally. The winners of the 2015…
Office building near Fort Lauderdale airport sells at $4M loss
Privé developers receive building permit from city of Aventura
Privé at Island Estates, a 160-unit luxury development, can begin construction now that developers received their building permit from the city of Aventura. The twin, 16-story tower development is expected to be completed during the second quarter of 2017….
Miami among top cities with highest gains in home prices: S&P Case-Shiller
Miami reported one of the highest gains in home prices, according to S&P Case-Schiller’s Home Prices Indices for January 2015. The city reported the second highest year-over-year gains of 8.3 percent over the last 12 months. Denver led the country with 8.4 percent…
Plantation offices fetch $52M in sale
A Plantation office complex recently sold for $52 million to a New York-based trust. The two-building complex, at 1600 and 1601 Southwest 80th Street, was reportedly sold to the Gramercy Property Trust in New York, which specializes in buying and leasing out…
What Tere Blanca Sees in Miami’s Office Market
“All of this spells opportunity for businesses looking to enter the Miami market and expand here.”
Kelley/Uustal to Get New $10M High-Tech Fort Lauderdale Law Office
The Fort Lauderdale plaintiffs firm will move into a $10 million downtown office with a state-of-the-art mock courtroom.
Brickell Condo Project Bucs Norm of Putting 50% Down
A condo in Brickell City Centre can be bought for 20 percent down at the purchase contract, with an additional 15 percent due 120 days after signing.
Students Criticize Arquitectonica’s Design For New School Of Architecture Building: ‘Looks Like A Bunker’
Arquitectonica’s plan for a new 20,000-square-foot design studio building at the University of Miami’s School of Architecture is drawing criticism from students there. An article in The Miami Hurricane quotes several students who are dissatisfied with Arquitectonica’s design.
Florida Crystals lands $38M loan to build Kendall apartments
The residential development arm of sugar producer Florida Crystals secured a $37.75 million construction loan for an apartment project in western Kendall.
Palm Beach Gardens condo project to break ground
The Azure condominium project along the Intracoastal Waterway in Palm Beach Gardens has gotten the green light to break ground.
Office Markets in Tech-Heavy Cities Lead 2015 Pack
The U.S. office market continued its slow-and-steady recovery in the first quarter, with technology-heavy markets leading an overall modest growth of rents and occupancies. U.S. employers added 6.4 million square feet of space in the first quarter, causing the vacancy rate to tick down to 16.6% from 16.7%…