3600 Biscayne Gets FAA, UDRB Approval A proposal to build a multi-family tower at 3600 Biscayne Boulevard has received approval from the UDRB and FAA. According to an FAA letter sent to developer Pacific Star Capital on January 30, the tower is permitted to rise 231 feet above ground, or 242 feet above sea level. […]
Nightingale’s $82M Miami Beach Office Sale Collapses In Flurry Of Lawsuits The planned $82M sale of a Miami Beach office building owned by Nightingale Properties has failed to close, sparking a court battle between the embattled developer and the planned buyers. The dispute rose to the surface just as CEO Elie Schwartz began repaying $53M in […]
Bal Harbour Shops Owner Files First Major Lawsuit Testing Reach Of Live Local Act The owner of the Bal Harbour Shops is stepping up its fight with local politicians to add four residential towers to the luxury shopping center. Whitman Family Development, which owns the shops, filed a lawsuit Tuesday asking a judge to compel […]
Coastal Construction Tops Off Event Campus At The Concours Club Within Miami-Opa Locka Executive Airport Coastal Construction Group, one of the largest general contractors in the Southeast, has announced the topping-out of the highly anticipated Event Campus at The Concours Club, the exclusive, members-only motorsport and luxury lifestyle resort. The Concours Club is located at […]
Whitman Family Development Unveils Plans for Mixed-Use Development Within Bal Harbour Shops Property Whitman Family Development, the family-owned company behind the creation of Bal Harbour Shops, has submitted plans for a new mixed-use development in the Village of Bal Harbour, Florida. Aimed at enhancing the 18-acre property, this project proposes the addition of attainable and […]
Mormon church’s real estate arm drops $174M for Beacon industrial park in Hialeah The Church of Jesus Christ of Latter-day Saints’ commercial real estate arm dropped $174.3 million for the Beacon Logistics Park in Hialeah. Property Reserve, which invests the LDS church’s reserve funds, bought the majority of the 1.3 million-square-foot industrial campus on the northeast […]
Here are South Florida’s priciest industrial sales of 2023 Institutional buyers seeking massive warehouse portfolios dominated the top five largest industrial deals in South Florida in 2023. National industrial players primarily gobbled up complexes and business parks in Miami-Dade and Broward counties, which are much larger industrial submarkets than Palm Beach County. Overall, 2023’s top five industrial […]
Amancio Ortega’s Pontegadea pays $113M for Hialeah cold storage Spanish billionaire Amancio Ortega’s real estate family office is expanding its cold storage business, acquiring its second Hialeah freezer facility in seven months. An affiliate of Ortega’s Pontegadea paid a cool $113 million for Bridge Point Cold Logistics Center, a 312,000-square-foot warehouse at 3995 West 108th Street, […]
Gindi family’s ASG sells Miami Design District retail building for $22M The Gindi Family’s ASG Equities sold a retail building in the Miami Design District for $22 million. Alo Yoga, the property’s current tenant, acquired the nearly 5,000-square-foot single-story store at 101 Northeast 40th Street, according to records and Vizzda. The seller, an ASG affiliate, paid […]
New Renderings Reveal Changes To Facade For HUB Miami At 525 NW 2nd Avenue In Downtown Miami Updated renderings have been revealed for HUB Miami, a 41-story mixed-use building at 525 Northwest 2nd Avenue in Downtown Miami. Designed by ODP Architecture & Design with interiors by One Line Design Studio, and developed by a joint […]
Brookfield’s oceanfront Ritz-Carlton Key Biscayne marketed for sale Brookfield Properties is looking to sell the waterfront Ritz-Carlton resort at 455 Grand Avenue in Key Biscayne, sources told The Real Deal. Brookfield is working with JLL to market the 302-room, 275,000-square-foot property at 455 Grand Bay Drive, sources said. Brookfield acquired Watermark’s two-thirds stake in the […]
Holidays Network pays $27M for Miami Beach hotel development site Holidays Network Group paid $27 million for a Miami Beach redevelopment site that has approvals for a 107-room hotel. An affiliate of Winter Park, Florida-based Holidays Network acquired an 88-unit apartment complex at 2618 Collins Avenue, records and Vizzda show. The firm obtained a $35.3 million […]
Residences at NoMi to Offer 175 Homes for Seniors at 950 NE 124th Street in North Miami Developer Horizon at NoMi LLC has secured a $48 million construction loan for the Residences at NoMi, an affordable housing development for seniors in North Miami. Our sources indicate that the three-building complex will require 375,000 square feet […]
Miami board approves Edgewater and Midtown office projects, Wynwood resi building A Miami board approved office projects in Edgewater and Midtown, as well as a residential building in Wynwood, but was not impressed with proposed apartments near the Miami River. The Miami Urban Development Review Board on Wednesday greenlit three proposals, but took issue with a […]
Key International Reveals Plans For A New 50-Story Office Tower At 848 Brickell Avenue In Miami’s Financial District Key International, led by Inigo and Diego Ardid, has proposed concepts to redevelop the firm’s 848 Brickell office building into “Miami’s most iconic class-A office tower.” As the long-time owners of the existing building, Miami-based Key International […]
Monarch Alternative Capital Buys 412,000 SF 801 Brickell Office Building in Miami Monarch Alternative Capital, an investment firm with offices in New York City, London and South Florida, has purchased 801 Brickell, a 412,000-square-foot office building in Miami. The 28-story high rise is located just a block from Biscayne Bay in downtown Miami’s Brickell neighborhood, […]
