Foreclosure Roundup: 3 big South Florida commercial properties head to auction
Headway Office Park in Lauderdale Lakes is headed to auction after its owner lost a $12.9 million foreclosure judgment. Wells Fargo Bank, representing a commercial mortgage-backed securities (CMBS) trust, won the judgment against SRA/Sunrise Development over a $10.8 million mortgage, plus interest and fees.
Lincoln Road property owners to vote on business improvement district
Lincoln Road property owners will vote this summer to create a business improvement district for the bustling pedestrian promenade. The Miami Beach City Commission this week agreed to allow a vote of property owners to create the special assessment district. The vote…
Developers propose two big hotel projects in Miami
Plans for two Miami hotel projects with hundreds of rooms between them have been submitted for review.
Norwich Dade Hotel Group LLC, a company affiliated with New Hampshire-based company Norwich Partners, submitted plans for a 20-story Marriott hotel in downtown Kendall.The 19-page application proposes.
Hotel occupancy rises across South Florida in April
Hotel occupancy rates were slightly higher across Miami-Dade, Broward and Palm Beach counties in April than they were during the same time last year, according to recent data from STR, Inc. Broward County led the region with an occupancy rate of 87.24 percent in April, up 2.1 percent year-over-year. Broward’s average daily rate…
Beckham MLS team narrows choices for Miami stadium, sources say
A David Beckham-led group that wants to create a Major League Soccer stadium in Miami has narrowed its choices, with the site of the former Orange Bowl appearing to have the fewest obstacles, according to a source with knowledge of the situation.Beckham and partner Simon Fuller met with Miami-Dade County Mayor Carlos Gimenez on Friday to discuss possible stadium locations and how the county could assist the proposed .
JLL Tapped To Lease 240,000 SF Office In Boca
JLL’s Alice Lucia and Brady Titcomb will oversee the leasing on behalf of the building’s ownership.
Curbed Asks You: How Should CocoWalk’s New Owners Remake that Odd Mall?
Coconut Grove is one of South Florida’s best loved neighborhoods, but CocoWalk, that odd mall at the center of the Coconut Grove whirl, has stagnated since its early successes after opening in 1990. The somewhat generic mall, with its Cheesecake Factory and new high-end movie theater was purchased…
Development Update: The City of Sunny Isles…
The City of Sunny Isles Beach is conflicted over a tower proposed by the Verzasca Group to be constructed on the west side of Collins Avenue. The 19-story, 71 unit building, with ground floor restaurant represents a “tipping point” as high rises move beyond the oceanfront to the mostly-low-rise west…
CRE sales between $1M and $10M this week
Harbor Place in Fort Lauderdale gets $8.9M. Harbor Place, a 36,000-square-foot office building in Fort Lauderdale, just fetched $8.9 million last week. Located at 1600 Southeast 17th Street Causeway, the building was 100-percent occupied…
Prologis picks up Hollywood warehouses for $20M
Three warehouses in Hollywood recently sold for a combined $20 million, according to Broward County records.
The Kelsey Group, which develops, owns and manages industrial properties, sold three of four buildings in its Port 95 Commerce Park to Prologis…
Monty’s in Coconut Grove reels in new owner
Monty’s Raw Bar, the Coconut Grove waterfront stalwart, has traded hands in a deal that transfers the rights to the lease on land owned by the city of Miami. Aligned Bayshore Raw Bar LLC and Aligned Bayshore Marina LLC, linked to real estate investor Jose…
Hot off the grill: new Paramount Miami Worldcenter renderings
Just in time for Memorial Day, Paramount Miami Worldcenter has served up some fresh renderings of its outdoor barbecue park, The Real Deal has learned. A side shot of PWC’s grill park. The park will feature seating area…
CVS launches store brand aimed to attract more Hispanic shoppers
CVS is aiming to lure more Hispanic shoppers into its newly rebranded CVS pharmacy y más stores with a bit of cafecito and conversación. The 12 stores feature fully bilingual employees, more than 1,500 popular Hispanic products, and yes — cafecito served at the pharmacy between 10 a.m. and 3 p.m. daily.