Category: Top Stories

Miami Commercial Real Estate News November 13, 2024: Medley Cold Storage Sells for $60M; Miami to Aventura Train Plans Delayed; More…

Nov 13, 2024 - Top Stories - 0 Comments - Standard

Stabilized purchase: BentallGreenOak pays $60M for Medley warehouse with locked-in tenant BentallGreenOak paid $60 million for a Medley warehouse with a tenant locked in for the next two decades. An affiliate of BentallGreenOak, a New York-based real estate investment firm led by co-CEOs Sonny Kalsi and John Carrafiell, bought a cold storage facility at 7600 Northwest […]

Miami Commercial Real Estate News November 6, 2024: Voters Approve Watson Island Land Sale for $2B Development; “Citadel Effect” on Brickell; More…

Nov 06, 2024 - Top Stories - 0 Comments - Standard

Watson Island Referendums Pass, Allowing Four New Towers Miami voters voted yes on two separate items on the ballot yesterday relating to Watson Island, paving the way for new development. The two separate ballot questions were: Charter Amendment: Partial Conveyance for Revised Development at 1111 Parrot Jungle Trail on Watson Island Shall Miami’s Charter be […]

Miami Commercial Real Estate News October 31, 2024: W South Beach Sells for $400M+; Amazon Seeks 80k sf in Wynwood; $2B Project Planned for Fort Lauderdale; More…

Oct 31, 2024 - Top Stories - 0 Comments - Standard

Amazon Reportedly In Talks To Lease Large Office Space In Wywnood Amazon could become the latest tech giant to move to Wynwood. The company is reportedly in talks to lease between 60,000 and 80,000 square feet at the under-construction Wynwood Plaza, according to Commercial Observer. At the time of writing, the talks were for about […]

Miami Commercial Real Estate News October 23, 2024: 505K sf Hialeah Industrial Trades; Record High Miami Industrial Deliveries; Overtown MXU Delivers Retail; More…

Oct 23, 2024 - Top Stories - 0 Comments - Standard

Target Opens 50,000 SF Store at Sawyer’s Walk in Miami’s Overtown Neighborhood Target has opened a new 50,000-square-foot store at Sawyer’s Walk, a 1.5 million-square-foot mixed-use development underway in Miami’s Overtown neighborhood. SG Holdings, a partnership between Swerdlow Group, SJM Partners and Alben Duffie, is the master developer. Construction on the 3.4-acre development began in […]

Miami Commercial Real Estate News October 16, 2024: Miami Lakes Industrial Sold for $147M; Hamilton Tower Multifamily to Sell for $190M; More…

Oct 16, 2024 - Top Stories - 0 Comments - Standard

Ares cements top ranking for pricey purchases in South Florida, paying $147M for Miami Lakes industrial complex Ares Management paid $147 million for a recently completed Miami Lakes warehouse complex, notching the biggest industrial purchase so far this year. It’s also the third time in less than a year that Los Angeles-based Ares dropped nine […]

Miami Commercial Real Estate News October 9, 2024: Brickell Office Tower Trades for $443M, Miami Lakes Industrial for $147M; Pre App Filed for Another Miami Supertall; More…

Oct 09, 2024 - Top Stories - 0 Comments - Standard

$443M Sale of 701 Brickell Office Tower in Downtown Miami Arranged JLL Capital Markets has arranged the $443 million sale of 701 Brickell, a trophy office building totaling 685,279 square feet in the heart of downtown Miami’s Brickell financial district. The sale marks the second-largest office transaction in Florida history, according to JLL. Morning Calm […]

Miami Commercial Real Estate News October 2, 2024: Shops at Midtown Miami Sells for $84M, Pair of Doral Office Buildings for $71M; Miami Top Destination for Those with $100M+; More…

Oct 02, 2024 - Top Stories - 0 Comments - Standard

Shops at Midtown Miami Sold, Has Over 3.4 million Annual Visitors Benderson Development has completed the purchase of the Shops at Midtown Miami. JLL Capital Markets said it worked on behalf of the seller to complete the transaction. The property has a leasing rate of 98.3%, and attracts 3.4 million annual visitors. It opened in 2006. […]

Miami Commercial Real Estate News September 25, 2024: 7,500-Unit Little River MXU with New Tri-Rail Station Plans Advancing; South Miami City Hall to be Redeveloped with 670 Apartments; More…

Sep 25, 2024 - Top Stories - 0 Comments - Standard

Developer Moves Forward with Plans for 7,500-Unit Mixed-Use Development and New Tri-Rail Station in Miami’s Little River District Swerdlow Group, led by veteran developer Michael Swerdlow, is moving forward with plans to transform the Little River District in Miami’s Little Haiti neighborhood. The proposed development, spanning approximately 63 acres, will include 7,500 residential units, combining […]

Miami Commercial Real Estate News September 18, 2024: 124-Key Hotel Approved for Doral as 832-Key Hotel is Proposed for Brickell; $172M Financing Scored for Edgewater Tower; More…

Sep 18, 2024 - Top Stories - 0 Comments - Standard

House Of Wellness Hotel Proposed In Brickell, With 832 Lodging Units A pre-application has been filed with Miami-Dade reviewers for a hotel tower in Brickell called House of Wellness. House of Wellness is proposed to rise 43 stories, and include: 832 lodging units 347 parking spaces A rooftop pool deck is planned on level 43. […]

Miami Commercial Real Estate News September 11, 2024: Sunset Shoppes Redevelopment Plans Filed; 220-Unit Multifamily Planned for Miami Lakes; More…

Sep 11, 2024 - Top Stories - 0 Comments - Standard

Whale & Star Wynwood to Develop Eight-Story Cloud One Hotel, Residences in Miami A joint venture doing business as Whale & Star Wynwood Owner LLC has announced plans for a new, eight-story mixed-use project in the Wynwood neighborhood of Miami. Spanning half a city block at 2215 N.W. 1st Place, the development will feature a […]

Miami Commercial Real Estate News September 4, 2024: Redevelopment of Standard Miami Beach Proposed; Andreessen Horowitz Closes Miami Office; More…

Sep 04, 2024 - Top Stories - 0 Comments - Standard

Developer Proposes Multifamily Development in RTZ at 1136 NW 8th Ave in Miami On Saturday, Florida YIMBY reported on San Sebastian Luxury Homes, a venture seeking to double its density because of new Rapid Transit Zone (RTZ) rules. Now, we’ve learned of another transit-oriented development in Miami-Dade County. The South Florida Business Journal reports that […]

Miami Commercial Real Estate News August 28, 2024: Citadel Unveils 1,032′ Supertall Conceptual Plan; 1,049′ Dolce&Gabbana Tower Submitted for Review; Condo Buyouts Stall; More…

Aug 28, 2024 - Top Stories - 0 Comments - Standard

Foundation Completed for One Park Tower at SoLé Mia in North Miami Turnberry has completed the foundation pour for ONE Park Tower by Turnberry, a 33-story ultra-luxury condominium tower within the 184-acre master-planned community of SoLé Mia in North Miami. The tower, located at 2411 Laguna Circle, will feature 292 residences overlooking a seven-acre Crystal […]

Miami Commercial Real Estate News August 21, 2024: Miami International Mall Value Cut by Half; 561-Unit MF Proposed Near North Miami; 641 Foot Edgewater Tower Gets FAA Nod; More…

Aug 21, 2024 - Top Stories - 0 Comments - Standard

Ben-Josef family proposes 561-unit rental project near North Miami, amid record South Florida multifamily construction pipeline The Ben-Josef family, owners of the Sagamore Hotel South Beach, propose a 561-unit apartment building near North Miami. Their plan comes as South Florida is experiencing a multifamily construction boom, putting the tri-county region in line for a record number […]

Miami Commercial Real Estate News August 15, 2024: Downtown Hotel Lost in UCC Auction; Trump National Doral seeks OK for 1,500 Condos; 316-Unit Public Housing Planned Near West Little River; More…

Aug 15, 2024 - Top Stories - 0 Comments - Standard

Mill Creek cuts back Ojus multifamily project, as South Florida sees record apartment construction pipeline Mill Creek Residential scaled back the second phase of its Modera Aventura multifamily project, nearly halving the building plans. The Boca Raton-based firm now proposes an eight-story, 251-unit project, down from its previous plan for 15 stories and 420 units, according […]

Miami Commercial Real Estate News August 7, 2024: Lincoln Road Building Trades at Discount; South Florida MF Construction Pipeline Hits Record; More…

Aug 07, 2024 - Top Stories - 0 Comments - Standard

Brickell City Centre Retail Remains 100% Leased At End Of Q2, Swire Says Brickell City Centre’s shopping mall continues to be 100% occupied, according to a quarterly release by owner Swire Properties. Swire’s second quarter earnings report was released to investors on August 2. It shows that the space was 100% occupied as of Jun […]

Miami Commercial Real Estate News August 1, 2024: Miami High-Rise Construction 2X State of California; Brickell Lease Record, Manhattan Levels; Duffy’s Site Trades; More…

Aug 01, 2024 - Top Stories - 0 Comments - Standard

Brickell Office Lease Hits Record High, Matching Manhattan Prices Miami office space rents have broken a new record, according to the FT and Bloomberg. The reports say that Brazil’s Banco Master leased 26,000 square feet of space at 830 Brickell for around $190 per square foot. That’s a record price for Florida, and “on par […]

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