Moishe Mana boosts loan to $75M
Developer Moishe Mana took down $54 million on a $75 million facility for a handful of properties he owns in Wynwood and downtown Miami, according to a mortgage recorded in Miami-Dade County records on Friday. Mana’s companies, 48-76 East Flagler…
Shore Club project demolition approved for Cromwell Hotel
After four hearings before the Miami Beach Historic Preservation Board, New York-based HFZ Capital Group received approval to carry out the “near total demolition” of the Cromwell Hotel, a structure that will be…
Related Group completes its fourth new condo tower of 2015
It has been a remarkably busy year for South Florida’s most prolific vertical residential developer. For the fourth time in 2015, the Related Group has completed a new condo tower east of I-95 in the tri-county South Florida region of Miami-Dade, Broward…
Valentino and Chopard bringing flair to Brickell City Centre
Valentino and Chopard will be among the upscale boutiques at Brickell City Centre, the project’s developer Swire Properties and retail co-developers Whitman Family Development and Simon Property Group announced on Tuesday. The Italian fashion house and Swiss watch…
Vine Vault coming to Miami’s Arts & Entertainment District
Wine collectors will soon have a new storage facility for their finest Cabernets and Chardonnays, The Real Deal has learned. Vine Vault has leased a 6,300-square-foot facility at 1601 North Miami Avenue, with plans to open by November or December, CEO Elton…
LNR trades Fort Lauderdale offices for $6M
A six-story office building in Fort Lauderdale was sold for $6 million just six weeks after it was listed.
The Cypress Creek Tower, a 61,917-square-foot building at 800 West Cypress Creek Road, was put up for sale by its owner LNR roughly two months ago.
Brazil still top country searching for SoFla real estate
For the 12th consecutive month, Brazil was the No. 1 foreign country searching for South Florida real estate online in May, according to the Miami Association of Realtors. Over the past year and a half, Brazil has dominated the list for all but three…
A final completion date for the Cuban Museum’s new building has been set for late August, finally solidifying what has been a fluid timeline for the center’s completion. Part of the team spearheading the project met Friday to track its progress, said Raul Rodriguez, who heads Rodriguez…
All Aboard Florida rail team on track
All Aboard Florida is busy lining up its corporate partners in its quest to establish a new passenger rail service, and creating new jobs in its wake. All Aboard Florida recently selected Siemens Corp. as the full maintenance provider for its passenger rail trains connecting Orlando and Miami…
County hands developer river land for park
The public will be the beneficiary of a new riverfront park, thanks to an agreement between Miami-Dade government and the developer of mixed-use River Landing Shops and Residences. County commissioners declared surplus county-owned land at 1280 NW 11th St. and authorized its conveyance to River Land…
Warehouse feeding frenzy continues
Vacancy rates in the Miami industrial sector remain low, dropping from about 4% in the first quarter of the year to 3.8% now, CBRE reported. Seagis Property Group, a Pennsylvania-based company that owns 5 million square feet of industrial property in South Florida, will continue to expand its base…
When it comes to Doral’s office market, the maxim “If you build it, they will come” is frequently cited as a rationale for its success. “Doral has been exploding in the past few years,” said Jon Chassen, partner in the law firm Bilzin Sumberg’s real estate and…
Businesses may define Marine Stadium use
City leaders are moving to define Miami Marine Stadium’s future. After accepting an $80,000 grant to investigate the concrete stadium’s underwater supports July 9, commissioners debated the purpose and use of the idled stadium after it is restored. Then they unanimously directed City Manager…
County should take another step to play fair on bond issues
A vital step to build fiscal sanity and voter awareness passed in a Miami-Dade committee last week. The measure would require calls for general obligation bonds to state the cost to operate and maintain projects the bonds would finance and spell out sources to pay that cost. That’s pretty…
Christine Barney: Seeks chamber of commerce dashboard of success
Christine Barney often jokes that she was “dragged” to Miami for family reasons. She missed her beloved New York City but, after six months, had the opportunity to return and decided to stay. Ms. Barney had already fallen in love what she calls the sense of energy in Miami, its welcoming…
Miami Wilds LLC remains enthusiastic about its proposed theme park to be built in the ZooMiami area and is evaluating the feasibility of a phased approach to expedite plans for the multi-million-dollar entertainment complex.
According to George Navarrete, deputy director of parks for Miami-Dade County…
Miami Firm Represents Progresssive Insurance In 76,000 SF Industrial Facility Sale
NAI Miami’s Timothy Merriman represented Progressive in the deal.
Six Weeks Brings A Buyer For Cypress Creek Tower
The quick-to-close sale transaction within Broward County’s second largest office submarket is a good representation of heightened investor confidence and demand.
Greystone, Alta Developers Top Off Coral Gables Luxury Apt. Project
New York-based Greystone and Miami-based ALTA Developers have topped off construction of The Mile along Coral Way, a 13-story luxury rental property near Miami’s Miracle Mile. The 120-unit mixed-use property designed by architectural firm Behar Font & Partners, with street-level retail is a…
Cool Map Things: The Most & Least Expensive Neighborhoods to Rent in Miami
Real estate listings website Zumper has released a map of the most and least expensive neighborhoods to rent in Miami, showing the average price of a one-bedroom apartment in every neighborhood from Miami Shores ($1,245/month) to the southern tip of Coral Gables. (rent $1,480/month) Prices are…
Floorplan Porn: Paramount Miami Worldcenter Selling Thirty Two Penthouses
Paramount Miami Worldcenter’s penthouses haven’t officially launched sales yet, but of course that doesn’t mean you can’t buy one. According to Realtor Michael Light, who is involved with the project, two of them have already been reserved, and if you want one of the other thirty, well he’s your…
Cute Little Tropical Retail Building Coming to Sunset Harbour
In the last few years Sunset Harbour has blossomed, with many describing it as a new ‘Lincoln Road-like’ area for locals who feel displaced by the overwhelming commercialization and tourist hoards on Lincoln Road itself. A flurry of new developments were announced…
EB-5 Funding Is Turning Miami China-Centric
China accounts for about 85 percent of EB-5 capital investment in the US making this funding especially viable for any project attempting to raise more than $20 million through the EB-5 program.
Miami-Dade County Proposed Budget Confirms Dedication To P3s
Last week Miami-Dade County Mayor Carlos Gimenez introduced the County’s FY 2015-16 Proposed Budget and Multi-Year Capital Plan. A review of the budget’s line items confirms the County’s dedication to the use of public-private partnerships (“P3s”) in executing its…
One of the Most In-Demand Office Submarkets
Talk about a fast sale. An office building in this hot Broward County submarket sold in less than six weeks of listing.
Luxury brands Valentino, Chopard to open at Brickell City Centre
Italian fashion house Valentino and Swiss watch and jewelry designer Chopard are among the first to confirm their openings at Brickell City Centre, which is expected to be completed by fall 2016. Representatives of the 5.4 million square-foot project are already reporting strong leasing a year before its expected opening. At least 450,000…
Why One Miami CRE Firm is Heading to NC
Miami’s multifamily market is booming, so why is this company opening an office in Raleigh, NC?
Israeli developer Mana boosts mortgage on Miami properties to $75M
Israeli developer Moishe Mana got a huge boost in a mortgage covering some of his properties in downtown Miami and Wynwood as he crafts plans for both areas. Mana has been buying older commercial buildings in both neighborhoods while crafting big plans behind the scenes to develop those properties. The Miami 21…
Carter CEO Uses “M” Word in Trend Talk
Bob Petersen’s firm has invested $875 million in the last 10 years. Find out what he’s expecting in the Southeast in this interview.