Category: Top Stories

Miami Commercial Real Estate News April 20, 2023: 310-Unit Tower Planned for Brickell as 430-Unit One Planned for Park West; Developers Take Over Lease for Watson Island Development; More…

Apr 20, 2023 - Top Stories - 0 Comments - Standard

‘Meticulously Designed’ 24-Story Tower With Micro Units Proposed In Brickell Plans have been filed for a 24-story residential tower in Brickell. According to a letter sent to City of Miami planners, the developer is proposing an urban infill, mixed- use project, in a structure that is “meticulously designed.” The project is proposed to include: 240 […]

Miami Commercial Real Estate News April 12, 2023: Wynwood Dev Site Sells for $26M; Citadel, Sterling Bay Part Ways on Planned $1B Tower; More…

Apr 12, 2023 - Top Stories - 0 Comments - Standard

Neology Tops Off $100M Luxury Tower in Miami’s Allapattah Neighborhood Development Group Neology Life Development Group has topped off The Julia, a 323-unit luxury multifamily tower in Miami. Designs were provided by Behar Font Architects, and JAXI Builders serves as general contractor. Completion is scheduled for February 2024. Lissette Calderon led Neology broke ground on […]

Miami Commercial Real Estate News April 5, 2023: North Miami Office Property Sells for $39M; Former Herald Site May Fetch $1.5B; Micro Housing Planned Near Metrorail; More…

Apr 05, 2023 - Top Stories - 0 Comments - Standard

Attainable Housing Community Opens in Miami Douglas Enclave, a 199-unit attainable housing community in Miami, has opened its doors to residents. The Astor Cos. received the development’s temporary certificate of occupancy from the City, expecting a final one in the next 60 days. Douglas Enclave comprises a mix of workforce and affordable units, as well […]

Miami Commercial Real Estate News March 22, 2023: Fed Raises Rate; 512-Unit MF Proposed for Princeton; Three Rental, Condo Projects Approved; $500M Offered for Aging Waterfront Condo; More…

Mar 22, 2023 - Top Stories - 0 Comments - Standard

Federal Reserve raises interest rates by a quarter point, keeping inflation in crosshairs The Federal Reserve is raising its key interest rate by 0.25%, continuing on its crusade against inflation while warning that recent instability in the banking sector could weigh on the economy. In announcing their ninth consecutive rate hike — which increases the benchmark […]

Miami Commercial Real Estate News March 15, 2023: Brownsville Industrial Site Trades for $17M; Sports Bar Wins $6M Judgement Against Former Landlord; 328-Unit Project Breaks Ground in North Miami; More…

Mar 15, 2023 - Top Stories - 0 Comments - Standard

Ruger proposes 76-room hotel near Miami Beach Convention Center Ruger Holdings KG plans to convert an apartment building near the Miami Beach Convention Center into a hotel, The Real Deal has learned. On Monday, the Miami Beach Preservation Board will consider Cologne, Germany-based Ruger’s proposal to renovate and partially demolish Riviera Plaza, a Mediterranean Revival building […]

Miami Commercial Real Estate News March 9, 2023: Ryder Sells HQ for $42M; 1M SF Wynwood MXU Breaks Ground; 247-Unit MF Proposed at Metrorail Station; More…

Mar 09, 2023 - Top Stories - 0 Comments - Standard

Developer Announces Plans For 111-Unit Visions At Brickell Station Plans for a new condo-hotel have just been revealed in Brickell. Urban Network Capital Group said in a press release yesterday that it had acquired three parcels located at 1120, 1130 and 1136 SW 3rd Avenue in Miami for a combined $8.5M. The developer plans an […]

Miami Commercial Real Estate News March 1, 2023: Aventura Office Development Acre Trades for $10M; Self-Storage Breaking Ground in Allapattah; More…

Mar 01, 2023 - Top Stories - 0 Comments - Standard

24M-Square-Foot Downtown Miami Metrocenter Moves To RFQ Phase The massive Metrocenter project in downtown Miami has moved to the Request For Qualification phase, according to the SFBJ. RFQ packages were issued February 10, the report said. After development teams are selected in the RFQ, a Request For Proposals will be issued to get detailed development […]

Miami Commercial Real Estate News February 23, 2023: 784 Unit Brickell Tower Proposed; $491M Industrial Expansion Planned at Countyline Corporate Park; More…

Feb 23, 2023 - Top Stories - 0 Comments - Standard

Terreno To Develop $491M Industrial Project At Countyline Corporate Park In Hialeah Terreno Realty Corp. intends to further expand at Countyline Corporate Park, a 620-acre master-planned industrial campus developed by Florida East Coast Industries in Hialeah. According to a Securities and Exchange Commission Filing from February 9, Terreno plans to pay $173.6 million for a […]

Miami Commercial Real Estate News February 15, 2023: 43-Story Building with Robotic Garage Proposed for Edgewater; Luxury Resort May be Coming to Magic City Casino Property; More…

Feb 15, 2023 - Top Stories - 0 Comments - Standard

Revealed: 44-Story West Eleventh Residences Planned In Park West PMG, Michael Simkins’ Lion Development Group, and Marc Roberts Companies have just announced plans for a Park West tower called West Eleventh Residences, to be developed in collaboration with Airbnb. West Eleventh Residences will rise 44 stories, with architecture by Sieger Suarez Architects. The ground floor […]

Miami Commercial Real Estate News February 8, 2023: Hilton MIA Blue Lagoon Hilton Trades for $118M; Chicago Developer Led JV Snags Miami Station TOD Dev Site; More…

Feb 08, 2023 - Top Stories - 0 Comments - Standard

John Buck JV Acquires Miami Site for TOD Project Miami Station. Image courtesy of Berkadia The John Buck Co., in a joint venture with Florida Value Partners, BH Group and PEBB Enterprises, has acquired a 1-acre site in downtown Miami for $39.5 million. The Chicago-based developer intends to build a mixed-use tower, dubbed Miami Station. […]

Miami Commercial Real Estate News February 1, 2023: Edgewater Project Doubles to 1,300 Units; Miami Top Coworking Market in USA; More…

Feb 01, 2023 - Top Stories - 0 Comments - Standard

Edgewater project more than doubles units to 1,300 in 42-story towers A major mixed-use residential project already in progress has expanded and will bring another 800-plus residential units to Miami’s Edgewater neighborhood. Developer-owner 1900 Biscayne Property Owner LLC and 2000 Biscayne Fee Owner LLC recently presented their latest project to the city’s Urban Development Review […]

Miami Commercial Real Estate News January 25, 2023: Million SF Wynwood MXU Gets $215M Financing, to Break Ground; Rents Up for All South Florida CRE Asset Classes; More…

Jan 25, 2023 - Top Stories - 0 Comments - Standard

L&L Holding, Oak Row Equities Obtain $215M Construction Financing for Mixed-Use Development in Miami L&L Holding Co. and Oak Row Equities, with project partner Shorenstein Properties and co-investor Claure Group, have obtained $215 million in financing for the construction of The Wynwood Plaza, a mixed-use project in Miami. Construction will begin on the 1 million-square-feet […]

Miami Commercial Real Estate News January 18, 2023: Beige Book Brings Positive Signs on Inflation; Airport West Warehouse Trades for $20M, Sale Leaseback; More…

Jan 18, 2023 - Top Stories - 0 Comments - Standard

Fed’s Beige Book Brings Some Positive Signs on Inflation From mid-November through December last year, the gap between labor supply and demand appeared to narrow, and nonlabor cost increases slowed, according to the Federal Reserve Bank of Atlanta’s new Beige Book report of economic conditions in the Southeast. Broadly, economic activity grew gradually as retailers reported […]

Miami Commercial Real Estate News January 11, 2023: Supertall Planned for Brickell Key; Hialeah Industrial Dev Site Trades for $111M, West Miami-Dade Data Center Dev Site for $14M; More…

Jan 11, 2023 - Top Stories - 0 Comments - Standard

Metronomic loses Coconut Grove project in foreclosure sale Developer Metronomic lost its completed Coconut Grove apartment project in a foreclosure sale, adding to its financial woes of recent years. Wilmington Trust, the largest creditor on GroveHaus, sold the 10-unit building at 3265 Bird Avenue for $8.1 million in a foreclosure sale to Bolonki LLC, an […]

Miami Commercial Real Estate News January 4, 2023: Last Miami Area Sears Eyed for 800 Resi Units; Miami Gardens Multifamily Trades for $113M; More…

Jan 04, 2023 - Top Stories - 0 Comments - Standard

B Group bids $102M for 20 acres in Miami’s Upper Eastside B Group Capital Management submitted a $102 million stalking horse bid for nearly 20 acres in Miami’s Upper Eastside and El Portal that are tied to a lawsuit alleging EB-5 fraud. The Miami-based… seeks to acquire the former U.S. immigration building site spanning 3.5 acres […]

Miami Commercial Real Estate News December 28, 2022: Pinecrest Retail Trades for $71M, Little Havana Multifamily for $31M, Trio of Walgreen’s for $34M; More…

Dec 28, 2022 - Top Stories - 0 Comments - Standard

MetLife sells Pinecrest shopping center to Miami JV for $71M After keeping it on its books for nearly 30 years, Metropolitan Life Insurance has sold a Pinecrest shopping center to a Miami-based joint venture for $70.5 million. An affiliate of Ibrahim Al-Rashid’s Limestone Asset Management and Joseph Sanz’ Orion Real Estate Group picked up the […]

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