Former Navarro Discount Pharmacies HQ building sold for $18 Million
The building that formerly served as Navarro Discount Pharmacies’ headquarters in Medley was sold for $17.85 million. NDC Properties, an affiliate of Miami-based MMG Real Estate led by Marcel L. Navarro, sold the warehouse/office at 9400 N.W. 104th Street to Columbia Florida 104th Industrial, an…
Failed Doral Bank made $20M loan to Wynwood developer in final week
A week before Doral Bank was closed by federal regulators, it made a $20 million loan to a company managed by Israeli investor Moishe Mana for 17 different properties around Miami’s Wynwood neighborhood, according to Miami-Dade…
Museum of Science Construction Update, with Pics
Construction is going just swimmingly at the Frost Museum of Science. As you can see in these construction photos, the giant fishtank, ahem, shark tank known as the Gulf Stream Tank, is in, with that big hole in the bottom that will hold the ginormous oculus. The spherical planetarium is also in, and other…
Old Pics: Miami and Miami Beach Playboy Clubs
Miami Playboy Club, 1961. Miami Beach Playboy Club bunnies with SammyDavis Jr. in the early 1970s. Miami Playboy Club bunnies, late 1960s. Miami News, Jan.15, 1961. Miami News, Jan. 17, 1961.
Jim Leslie no longer CEO of Cresa
Longtime Dallas real estate executive Jim Leslie is no longer CEO of Boston-based Cresa LLC, one of the largest tenant-focused corporate real estate companies, according to sources inside the company. An email was sent out to Cresa employees late Tuesday saying Leslie and Cresa parted ways…
Julian Schnabel Made Brickell Flatiron’s Wonderful, Sort of Weird, Sales Center a Giant Piece of Art
Site prep for the planned Brickell Flatiron tower will be underway before the end of the month when demolition of Baru, a restaurant occupying the corner of the tower’s lot, completes. Although the building itself was designed by Luis Revuelta, the sales center, which…
In December, Prices For Homes In Miami Rose The Fastest Nationwide
Home prices in Miami rose faster than any other major U.S. city in December, according to the S&P/Case-Shiller Home Price released. Miami home prices rose 0.7% for the month. Nationally, home prices were down 0.1% on average for the month. For the full year 2014, Miami ranked second nationwide w…
Jeremy Larkin Named Secretary of NAI Global 2014 Members’ Leadership Board
Larkin will also serve on the NAI Global Board’s Coordination Council, comprised of executive committee officers, past chairs, and NAI Global’s executive leaders.
West Palm apartment complex sells for $10M
An apartment complex in West Palm Beach sold for $10 million, according to Broward County records. Essex House apartments, at 537 South Sequoia Drive, sold to HH Essex House last week. The 3.85-acre site last sold for $3.45 million in 1985. Bajon Enterprises…
Chatham Lodging Trust moves headquarters to West Palm Beach
A hotel investment company and its independent management firm are moving their headquarters to the Esperanté Tower in West Palm Beach, leasing agency Cushman & Wakefield announced Tuesday
Chatham Lodging Trust and Island Hospitality, which together manage…
Greater Downtown Miami faces 11-year supply of new condo units
The Miami Downtown Development Authority — a public taxing agency responsible for promoting economic investment in the area — should be applauded for knowingly releasing at this time of year a new 44-page study with a bearish outlook about the …
Tri-Rail seeks funding to open downtown Miami station
Tri-Rail wants to bring its commuter rail service to downtown Miami. The catch: It says it needs $69 million in funding to make the project happen. During a round-table talk on Tuesday, officials discussed ways to get Miami-Dade County and the city of Miami…
Shariah-Compliant Financing Added Twist to Sale
Merrick Plaza Sale Familiar Turf for Sperry’s Lonardo
John C. Lonardo represented the seller in the Jan. 26 sale of the Merrick Plaza Office Building for $14 million.