After cashing out in Design District, developer buys Midtown Miami building for $10M
Giampiero Di Persia’s Tirrenia Developments came away with a $20 million profit after selling a building it constructed in the Miami Design District earlier this year and now it’s invested some of those proceeds in a property in Midtown. New Midtown Studios 55 LLC, a Miami-based company managed by Gino Tozzi, sold the property…
Board Defers Decision On Liquid Lofts And One Brickell Until October
Miami’s Planning, Zoning and Appeals Board deferred decisions on two major projects at a meeting last week: One Brickell (444 Brickell) – the association of neighboring condo tower 500 Brickell had appealed the city’s decision to approve the project, saying that it was too big and intense. Liquid Lofts – architect Charles Sieger…
South Florida home and condo sales post solid gains in June
Homebuyers ramped up their activity in South Florida this summer as both sales volume and prices grew in June, according to the Florida Realtors. There were 5,017 sales of existing single-family homes in the tri-county region, up 15.6 percent from June 2014. The median sales price climbed 7.3 percent to $295,000. The statewide…
Transit team told ‘Think small’
While many grand plans – and ways to pay for them – were discussed at Monday’s Fiscal Priorities Committee meeting of Miami-Dade’s Metropolitan Planning Organization (MPO), one member asked the committee to think small. “Let’s look at our mistakes,” said…
State may pay to narrow boulevard
Miami’s Downtown Development Authority has requested $1 million from the Florida Department of Transportation to kick-start Biscayne Green, its ambitious project to narrow a stretch of Biscayne Boulevard from Northeast Eighth Street south to Biscayne Boulevard Way. Biscayne Green aims to reduce…
Dredging up funds to clean pollution
The clean-up of a contaminated tributary of the Miami River is one step closer after action by Miami city commissioners. In January, commissioners approved the Wagner Creek/Seybold Canal Dredging Restoration.
On July 9, they wrapped up paperwork to get a nearly $23 million loan from the state to…
SAFE PASSAGE: County crews last week began five months of road resurfacing and bike lane-widening along Crandon Boulevard between Bear Cut Bridge and the Village of Key Biscayne. The new bike lanes, to be painted bright green, will be separated from auto traffic by a 2-foot-wide striped buffer zone…
Just because there’s money, you don’t have to spend it all
Miami-Dade aims to spend every cent of a tax windfall while patting itself on the back for not raising taxes.
Instead, the county is hailing all the good things that everything it’s adding to spending next year will do – including erasing some past budget cuts. That’s all possible…
$23 Million Sale Of Hialeah Shopping Center Brokered
The shopping center was 99% occupied with a strong roster of both national and local tenants at the time of the sale.
Chiquita Brands Relocates Banana Division HQ To 19,000 SF Office In Dania Beach
Proximity to shipping lanes through Port Everglades was a driver in the move.
Uber, South Florida Business Journal Sign Leases at Brickell City Tower in Downtown Miami
Uber Technologies Inc. and the South Florida Business Journal have leased office space at Brickell City Tower, a 33-story office building located at 80 S.W. 8th St. in downtown Miami. The 287,000-square-foot tower is one of the premier office assets in Miami’s Brickell Financial District. Transportation tech firm Uber has leased 9,333…
Big Wynwood Rezone Up for Big Vote, Woonerfs and All
The Miami City Commission is scheduled to vote on the implementation of the Wynwood Neighborhood Revitalization District, a.k.a. the masterplan to guide Wynwood’s urban development, this week. The plan is intended to preserve everything good about the neighborhood, including Wynwood’s famous mural…
An Incredibly Gorgeous Video about the Design of PAMM
The Perez Art Museum Miami is the rare, special breed of building that everybody loves. Since the day it opened, not that long ago really, Miamians have been obsessed with the architectural triumph that is the city’s flagship art museum, designed by Herzog & de Meuron. On…
Industrial Lease Negotiated For U.S. Customs Brokerage Firm
Lucia Custer and Gabriel Garcia-Menocal, SIOR represented Clear Freight, Inc. in a 5-year, 14,489 square foot lease at 11350 Northwest 25th Street in Miami.
TRD to host South Florida real estate showcase on Oct. 15
The countdown’s begun until The Real Deal’s 2nd Annual South Florida Real Estate Forum & Showcase, taking place on Oct. 15 at the Moore Building in Miami’s Design District. Last year’s showcase was the industry event of the year. More than 3,000 real estate professionals…
Williams-Sonoma, Pottery Barn returning to Lincoln Road
Williams-Sonoma and Pottery Barn, which shuttered their shops on Lincoln Road in March, are returning to the district — in Lucky Strike’s former space, The Real Deal has learned. Several real estate sources told TRD that the stores, both part of Williams-Sonoma…
Trial pits down-zoned land owner against Hollywood
The owner of down-zoned land on Hollywood Beach is seeking up to $36 million in damages from the city of Hollywood in a jury trial scheduled to start Aug. 6. “There’s no doubt it’s going to trial,” Scott Marder told…
Larkin Community Hospital closes on Hollywood nursing home
South Miami-based Larkin Community Hospital closed on the sale of a Hollywood nursing home for $16.1 million, Broward County records show. High Ridge Management Corp. transferred ownership of the 58,189-square-foot hospital and rehab facility at 1200 North 35th…
Group P6 taps Dick Building Co. for SoFla projects
A rendering of the Opal unit in 327 Royal Palm, a 3,177-square-foot unit.Venezuelan developer Group P6 hired a general contractor for its residential projects in Boca Raton and Deerfield Beach, The Real Deal has learned.
Jefferson Hills, Pennsylvania-based Dick Building Company will lead const…
Second new Fort Lauderdale condo project completed
A second new condo project has been completed in the booming Downtown Fort Lauderdale and Beach market since this current South Florida real estate cycle began in 2011. Transactions in the newly completed five-story Cymbrinas Cay project…
Boca Raton country club begins $50M renovation
The Boca West Country Club is embarking on a $50 million renovation project, starting with the demolition of its clubhouse, the property announced. The 1,400-acre country club, at 20583 Boca West Drive, is home to about 3,400 families. It was…
Uber Picks Brickell for Miami Offices
Brickell City Tower, a 33-story office building in the heart of Downtown Miami’s Brickell Financial District, is adding some high-profile tenants to its roster….
Lincoln Submarket Trophy Hits Market
M&M’s Drew Kristol calls this a “rare opportunity” for an investor. Get all the details.