China City Construction In Talks To Buy Worldcenter Development Site
China City Construction Holding Group Company is looking to add a second development site in downtown Miami. They could be buying a piece of the Miami Worldcenter project. China City has held talks with the owners of Worldcenter, and negotiations are said to be ongoing. Worldcenter’s Nitin Motwani recently met…
Cushman & Wakefield Set To Merge with DTZ
DTZ has confirmed it will buy rival Cushman & Wakefield from Exor, the investment company of Italy’s billionaire Agnelli family, in a deal which will create one of the world’s largest global real estate services companies. DTZ owners, TPG Capital, PAG Asia Capital and the Ontario…
Indigo Hotel To Be Built In Brickell With 230 Rooms
HES Group and Sunview Companies are in the final stages of permitting for a new Indigo Hotel in Brickell. The hotel will include 230 rooms, according to an application filed this month (that is an increase from the 130-room, 24-story tower that the developers said they were building last year.) It is to be located at 145 SW 11th St.
Miami-Dade could sell land for FedEx distribution center
Miami-Dade County could sell land near the Homestead Air Reserve Base to the developer of a FedEx distribution center. The county commission’s Economic Prosperity Committee will consider a deal on May 14 to sell 48.9 acres to SunCap Property Group for $4.45 million. The Charlotte, N.C.-based company plans to build…
Retailer picks up Brickell building for $5.45M
Independence Realty Agrees To Acquire Trade Street Residential
Independence Realty Trust Inc. and Trade Street Residential Inc. signed a definitive merger agreement under which IRT will acquire all of the outstanding common stock of Trade Street for a mix of cash and stock, creating a leading, regional market focused, multifamily REIT.
The Wolfsonian Museum’s New Director Wants to ‘Expand the Physical Museum’
The Wolfsonian-FIU Museum has appointed a new director who promises to expand access to the museum both digitally and physically, including building an expansion to the physical museum, according to a press release. Dr. Timothy Rodgers is coming from the Scottsdale Museum…
Towering Ambitions: This Blobby Image Could be Miami’s Next Tallest Building
Anonymous real estate news website The Next Miami has just released this fuzzy (but probably authentic) rendering of a project on the Capital at Brickell/Capital Brickell Place site; a project which they claim could be the tallest building in Miami, despite Federal Aviation Administration…
Preservation Watch: The Shore Club Will be the Next Big Preservation Showdown
Historic preservationists, as well as neighbors to the north in the Setai, are up in arms against the latest proposed alterations to the Shore Club. The old plans, by architect Isay Weinfeld and architects of record ADD Inc. (renderings above and below), were deferred at last month’s preservation…
Apartment building in Wynwood trades for 2.5x last sale price
BBX gains traction as a real estate developer
Fort Lauderdale-based BBX Capital, the rebirth of the former bank holding company known as BankAtlantic, has graduated from a caretaker to an active developer of South Florida properties that the former bank repossessed.
A broad recovery in…
Global Investors Wanted This Kendall Retail Asset
As the retail market in Miami continues tightening, investors are finding it more difficult to find prime acquisitions in hot submarkets. There was plenty of competition for this Kendall shopping center…
Warning: Energy Codes About to Get Tougher
Al LaPera is working to spread the word and offers some exclusive insights for GlobeSt.com readers in part one of this interview.
Groovy Slideshow: South Florida Communal Office Space Attracting Techies
The new wave of Miami-area shared office space operators create value for their clients by providing connections in their networks and valuable services to their tenant communities.
Wynwood V. Design District: Different Strategies for Thor
It looks like New York’s Thor Equities LLC won’t be bringing bulldozers into Miami’s Wynwood neighborhood, where it has acquired whole blocks the past two years.