Investment Management Firm Expands Lease in Miami Beach, Breaking Florida’s Rental Rate Record Per Square Foot J. Goldman & Co. LLP, an independent investment management firm, has signed an eight-year lease for 3,318 square feet of office space and a 700-square-foot covered terrace at The Yukon Miami at 119 Washington Avenue in Miami Beach. J. […]
Michael Shvo’s proposed Miami Beach tower gets haircut and approval The Miami Beach Historic Preservation Board approved developer Michael Shvo’s plans to add a residential tower behind the landmark Raleigh Hotel. But that tower won’t be 200 feet tall, as Shvo had proposed. Instead, following community outcry and a passionate plea from board chairman Jack […]
Redwood JV Lands Financing for Opa-Locka 112-Unit Townhome Project A gated lakefront townhome project that will offer affordable homes received a $19 million construction loan. Redwood National Properties, an affiliate of BAS Holdings Investments LLC, alongside its joint venture partner Winston Capital Partners LLC, received the financing from City National Bank of Florida. DWNTWN Realty […]
Despite mounting opposition, Miami Beach board endorses taller Aman tower Developers Vlad Doronin and Len Blavatnik can now go to the Miami Beach City Commission with proposed legislation that would allow them to build a 250-foot tall tower on the site of the Versailles building in the Faena District. The billionaire developers face mounting opposition […]
Related Urban Kicks Off $106M Allapattah Redevelopment Related Group and Miami-Dade County have broken ground on Three Round Towers B&C/Brisas del Este, a $106 million affordable housing redevelopment project in the Allapattah neighborhood. The 383-unit Opportunity Zone project will draw on federal, state and county funds for the rehabilitation of two existing towers and the […]
Carson, Rubio To Celebrate Groundbreaking Of Biggest OZ Project In Miami-Dade Housing and Urban Development Secretary Ben Carson, Sen. Marco Rubio and others are expected to be on-site in Allapattah Thursday to celebrate a groundbreaking at Three Round Towers, a low-income housing complex that is undergoing a renovation. The $106M redevelopment project is the largest […]
Federal agents raid Cleveland and Miami offices of company tied to Ukrainian oligarch Agents with the FBI and the Internal Revenue Service on Tuesday raided two offices belonging to Optima Management Group, a company with ties to a Ukrainian oligarch, federal law enforcement sources tell CBS News. The federal agents conducted the raid of Optima […]
SoFla industrial market’s Q2 is strongest quarter in three years South Florida’s industrial real estate market’s second quarter proved to be its strongest period in three years, according to a recently released report from Newmark Knight Frank. In the second quarter, South Florida’s industrial market saw a 51 percent uptick in net absorption, representing the […]
Parkway, KKR Complete $10M Renovation of Brickell Miami Office Tower, Sign Three Retail Tenants Parkway Real Estate Services LLC and joint venture partner KKR have completed their $10 million renovation of Sabadell Financial Center, a 30-story, 524,000-square-foot office tower at 1111 Brickell Avenue. The waterfront property overlooks Biscayne Bay. Parkway Real Estate and KKR acquired […]
Bridge Development, PGIM to Develop 312,103 SF Cold Storage Facility Near Miami Bridge Development Partners and PGIM Real Estate will develop Bridge Point Cold Logistics Center, a 312,103-square-foot cold storage facility in Hialeah. The joint venture expects to deliver the speculative property in fourth-quarter 2021. The 20.1-acre site is situated at the intersection of NW […]
Ivy Realty snags industrial freezer in Miami for $13M Ivy Realty snagged an 80,000-square-foot industrial freezer facility in north Miami-Dade County for $13.25 million. Montvale, New Jersey-based Ivy Realty bought the property at 650 Northeast 185th Street in Miami for $165 per square foot, according to a press release. The seller, Best Freezer Holdings LLC, […]
East End Capital scores approval for co-living project in Wynwood Foyer Wynwood and Jonathon Yormak East End Capital secured approval for a co-living development in Wynwood. The Miami Urban Development Review Board this week approved Foyer Wynwood, a 12-story, 236-unit project on North Miami Avenue, between 24th and 25th streets, according to a press release. […]
Video: CCIM Chief Economist K.C. Conway on What to Expect Moving Forward for the Economy, Commercial Real Estate In this two part video series, CCIM Chief Economist K.C. Conway, CCIM, MAI, CRE, joins the host of America’s Commercial Real Estate Show to discuss what to expect move forward. Among the discussions expectations for jobs, property […]
Triple Five “inching closer” to construction on American Dream Miami Triple Five Group is still planning to move forward with its American Dream mega mall in Miami-Dade, even as the Canadian development group is staring down billions of dollars of debt payments for its other malls. Triple Five, led by the Ghermezian family, completed a […]
Brookfield pays $27 million for Medley warehouses Brookfield Property Partners is increasing its presence in South Florida’s booming industrial market. The real estate arm of the Toronto-based asset manager purchased two industrial warehouses at 10800 Northwest 92nd Terrace in Medley for $26.9 million, records show. Oviedo, Florida-based A. Duda & Sons sold the warehouses. The […]
Easton Group to Develop 266,000 SF Warehouse In Hialeah Gardens Easton Group will develop a 266,000-square-foot warehouse in Hialeah Gardens near Miami. An affiliate of Easton acquired an 8.5-acre site for $8.2 million. In September, a different Easton affiliate bought an adjacent 8.5-acre site for $5.6 million. Easton will develop the 266,000-square-foot property across the […]
