Newgard Development proposes tower at Miami Worldcenter
Newgard Development Group has joined the team of builders at Miami Worldcenter, with plans for a mixed-use tower. Located on 27 acres on the north side of downtown Miami, the $1.7 billion Miami Worldcenter is already slated for a 765,000-square-foot mall, the 512-unit Paramount condominium, a 429-unit apartment building…
Forbes: Commercial Real Estate Forecast After The Fed Tightens
Investment real estate has been generally appreciating in this environment of expanding economic activity and low interest rates, but what will happen when the Fed tightens? Commercial investors should be fine for the first and second year of Fed tightening. After that, look for sluggish returns.
Five Commercial Real Estate Market Trends You Can Bank On
The inevitable end of the bull market: With this bull market in commercial real estate now five years old (six for public real estate securities), isn’t it time to be cautious? The bull market’s duration does not, by itself, indicate how long it may last. Only a huge unexpected economic downturn or dramatically rising interest rates could derail…
Medical device firm’s sale of Wynwood facility canceled
The sale of ERBA Diagnostics’ medical device facility in Miami’s emerging Wynwood neighborhood has fallen through. The Miami-based company (NYSE: ERBA) announced in March that its Diamedix Corp. subsidiary signed a deal with an unnamed developer to sell its 52,000-square-foot property for $23 million. The in vitro diagnostics…
Retail Sector Nationally Has a Tough First Quarter, Faces Longer-Term Obstacles
The first quarter was marked by weak economic activity, largely attributable to a confluence of temporary factors, such as port labor disputes on the West Coast, inclement weather, a rising dollar crimping exports and low energy prices resulting in depressed business investment. Against this…
Governor Scott signs law making condo terminations more difficult
Investors and developers looking for distressed condominiums to convert into apartment buildings will have a harder time doing so in Florida. On Tuesday, Gov. Rick Scott signed a new law that grants a slate of new protections for property owners who don’t want to sell their units, but are being forced to sell. The number of optional…
Sale Of Fort Lauderdale Industrial Asset Arranged
CBRE Broward County-based industrial brokers Larry Genet, Tom O’Loughlin, SIOR, and Harry Tangalakis represented the seller in the transaction.
Curbed Inside: Inside the Awe Inspiring Brickell City Centre Construction Site
Whatever you think of Brickell City Centre, the mammoth mixed-use construction project is nothing if not awe inspiring. One of the biggest physical signs of Miami’s growth and prosperity, it’s easy to look at the renderings by architecture firm Arquitectonica and think it’s too huge…
Vroom Vroom: Norman Braman, the billionaire auto…
Norman Braman, the billionaire auto dealer, political activist, fighter of Miami political corruption, Marco Rubio backer, and old man about town (he’s 82) has just opened the gigantic new dealership he’s been building on the prime Biscayne Boulevard/Edgewater site of his old dealership. The new…
Storefronting: Rooftop Men’s Clothing Store Moving a Block Above Lincoln Rd.
For years city planners, developers, urbanists, and commercial Realtors have talked about spreading the urban Lincoln Road retail and restaurant environment beyond the famous and heavily trafficked street. Lincoln Lane North, the alley, is slowly becoming more commercial. Even the…
Lincoln Road Watch: Miami Beach officials and landscape…
Miami Beach officials and landscape design firm James Corner Field Operations will reveal an early draft of the proposed renovations to Lincoln Road this Wednesday, June 24th at 6 PM at the Miami Beach Golf Club, for public input. Or, if you want to see the whole thing beforehand, check out Curbed…
Continental Flowers Constructing Warehouse in Doral
Continental Flowers in Miami is constructing their new warehouse at 8101 NW 21st Street in Doral within Miami International Commerce Center (MICC). The warehouse will be 60,000 sq. ft. in size.
Miami’s 86-year-old drawbridge to be replaced
An aging Miami bridge is finally set for replacement after residents expressed concern about the structure’s ability to handle vehicular and pedestrian traffic. The Florida State Department, in conjunction with…
Amendments to Condominium Termination Law Impede Ability to Terminate
Responding to perceived abuses in condominium terminations, the 2015 Florida Legislature passed Chapter 2015-175, amending the termination provisions of the Condominium Act. This statute clears up certain problems experienced in prior terminations while imposing a number of impediments to future…
Rare South Beach Retail Building Trades
“We see this transaction as a value-add opportunity to acquire, re-tenant and reposition a quality asset in a premier market.”
Unusual Downtown Office Trade Spells Value
Without much office construction in the urban core, investors are looking for good buys to hold. This Flagler property was a nice choice.
Tough Foreclosure Court: Attorney Handcuffed, Jailed
A video shot in court shows a lawyer tussling with bailiffs and being forcibly removed in handcuffs from a foreclosure hearing.