Keyes Commercial Realty
Vast Mediterranean Village moving ahead
Mediterranean Village at Ponce Circle is proceeding on schedule, say its developers, who plan to submit construction drawings currently being prepared to the City of Coral Gables by year’s end. At the same time, engineers are devising proposed construction techniques for excavating and sealing the two-story underground garage that will house…
Brazilian hotel brand to replace Morgans at Shore Club
Brazilian hospitality firm Fasano will operate the Shore Club in Miami Beach, replacing Morgans Hotel Group, developers confirmed to The Real Deal. New York-based HFZ Capital Group, which acquired the Shore Club for $175.3 million in December 2013, will reopen the hotel as a Fasano at the end of 2017. Brazilian architect Isay…
River mega-yacht marina slip sales begin
The plan to build a secure marina for mega-yachts on the Miami River is moving forward at a steady speed, with sales for the unique project kicking off a couple of weeks ago. SeaVault is designed as a temporary home for 14 mega-yachts with living quarters for captain and crew. The plan includes a clubhouse, tennis court, swimming…
Miami’s CBRE, Colliers Play Musical Chairs
Kenneth Krasnow has switched allegiances and others have been promoted. Get all the details….
FIU Students Push Plan to Bring Maglev Trains to Miami Beach
During rush hour, the 18-mile commute from FIU to Miami Beach can easily take 45 minutes by car. On public transportation, that same trip now requires at least three buses and some two hours to complete. But a group of FIU students has a plan to make the trip far easier — in the form of a Maglev-style train connecting the university…
Sitel Leases 114,000 SF at Pompano Business Center
Sitel Operating Corporation has signed a 114,000-square-foot office lease at 2500 NW 19th St. in Pompano Beach, FL. The Nashville, Tenn.-based global customer care provider will open a new inbound financial services call center next month, immediately adding 350 new employees with plans…
CoFe Properties Acquires Por North Miami Business Park
TA Realty sold four industrial and flex buildings located in The North Miami Business Park for $21 million, or approximately $100 per square foot, to CoFe Properties LLC. The North Miami Business Park is located at 1922-1998 NE 147th Ter, 1924-1996 NW 148th St, 1922-1998 NE 49th St., and 14855…
Walsh Joins CRE Rauch Lupo Robertson
CRE Rauch Lupo Robertson, a CRE Florida Partners Company, has hired David Walsh to join the firm as a multifamily specialist and senior investment associate based in the company’s Boca Raton office. In his new role, Walsh will lead and build the firm’s multifamily businesses…
Invesco Sells Addison Place Apts
Invesco Advisors, Inc. sold the Addison Place Apartments, the villa and townhome-style apartment community located at 21925 Mizner Way in Boca Raton, FL to JRK Property Holdings for $34 million, or about $205,000 per unit. At the time of sale, the 166-unit multifamily complex was approximately…
KBS Closes on $46.8M Acquisition of Weston Corp Ctr I & II
SE Commerce, Inc., an affiliate of New York-based BlackRock Realty, sold the Weston Corporate Centre I & II office buildings located at 2700 S. Commerce Pky and 2500 Weston Rd., respectively. KBS Realty Advisors paid $46.75 million, or about $313 per square foot, for the pair. Totaling…
To be inside the glass-walled penthouse pool atop the almost-complete Mansions at Acqualina in Sunny Isles Beach is at first scary in a way that leaves a person gasping for air just a little bit. Then the adrenaline kicks in and you feel like a master of the universe…
Back in the swinging 70s, North Miami’s Jockey Club was one of a few private clubs/condo developments (along with the Palm Bay Club, the Cricket Club, etc.) that were the places to party in Miami. Now Horst Schulze, a former CEO of Ritz-Carlton, is planning a new 40 story condo/hotel tower…
An architecturally significant midcentury modern office building at 4141 North Miami Avenue, on the edge of the Design District and Buena Vista neighborhoods is being fully gutted and transformed into a neoclassical retail building with two levels of retail, a covered colon…
Miami tops nation with foreclosures in July
Miami had the nation’s highest rate of residential foreclosures during the month of July, according to a new report from RealtyTrac. The report shows that one in every 339 homes in the Miami metropolitan…
The Latest Investment Sales Trend
There’s a new trend on the investment sales scene—and David Duckworth, vice president with Avison Young, has his finger on its pulse….