Will Miami, Broward seaports converge?
Two former rivals recently joined forces in an alliance to stave off competition from neighboring West Coast ports. The Ports of Seattle and Tacoma created the Northwest Seaport Alliance in August aiming to regain market share in what has become an increasingly competitive seaport industry. Port Everglades…
Miami officials are moving ahead with contracts to begin a major rebuilding of the Coconut Grove waterfront that will add a parking garage hugged by retail shops. City commissioners took three steps Nov. 19 to advance the Grove Bay project. They approved an agreement between the city and the Miami…
Decades of plans become surgery hub
For years physicians at Nicklaus Children’s Hospital, formerly Miami Children’s, pondered the idea of creating a freestanding pediatric surgery center devoted solely to South Florida’s young population in need of quick outpatient surgery services. The concept came to fruition this…
Key tennis stadium goes to court
A three-judge Third District Court of Appeal panel is to hear oral arguments Dec. 9 concerning control of Key Biscayne’s Crandon Park, where the Miami Open tennis tournament has been played since 1987. At issue next week in this ongoing litigation is tournament organizer International Players…
Residential construction in slowdown
The last three months of the year are pointing to weaker construction activity, specifically within the residential realm, as fewer major projects are predicted to break ground within the next month compared to last year, when a number of mega-projects began development in November and December.
Class A Coral Gables Office Portfolio Trades
Deutsche Asset & Wealth Management has acquired the two-building, 326,415-square-foot portfolio.
20,000 SF Office Lease Negotiated
Berger Commercial Realty represented the landlord in the purchase of the office building as part of a portfolio acquisition last year. Since then, Byrnes and Dabrowski have grown its occupancy by 25 percent.
Uruguayan Investor Buys Nearly An Entire Block North Of Downtown Miami
In 2005, the Urbana condo tower was proposed for the site.
Oakland Park Property Sold To Flanigan’s For Nearly $1 Million
Berger Commercial’s St. George Guardabassi and Keith Graves negotiated the sale of former Ike’s Carter Pool Company building.
235,000 SF Office/Flex Portfolio Acquired For $18 Million
The buildings present considerable upside potential, with an available 111,296 of space ready to be leased.
Deutsche Asset & Wealth Management Acquires The Alhambra
On behalf of an overseas institutional investor, Deutsche Asset & Wealth Management (Deutsche AWM) has acquired The Alhambra office campus in Coral Gables, FL through its Alternatives and Real Assets (ARA) business platform. The two-building, 326,415-square-foot portfolio is comprised of the…
Quirch Foods Leases 30,000 SF in Coral Gables
Quirch Foods, a regional and international food distribution company, signed a lease for 30,000 square feet of office space in the Bacardi Building at 2701 S. Le Jeune Rd. in Coral Gables, FL. The 15-story, 4-Star office building totals 251,464 square feet and was built in 2009 on two-thirds…
City of North Miami Sells 55 Acres for $21.9M
Turnberry Associates and LeFrak acquired 55 acres at 1501 Biscayne Blvd. in North Miami, FL for $21.88 million, or approximately $398,000 per acre, from the City of North Miami. 15051 Biscayne Blvd. is approved for 4,390 multifamily units. Development plans include more than 1 million square feet…
Frontgate Opening in South Miami
Frontgate, a retailer of high-end home furnishings, leased 23,000 square feet in The Shops at Sunset Place located at 5701 Sunset Dr. in South Miami, FL. The three-story, 408,000-square-foot shopping center was constructed in 1999 on 8.2 acres in the Kendall submarket. Frontgate will be occupying…
Fort Lauderdale is Booming – $1.5 Billion in Development
You can’t drive through South Beach, Downtown Miami or Brickell anymore without the sea of cranes and construction impeding your view. Head north along I-95 and you’ll see firsthand Fort Lauderdale is amid a dynamic transformation…
Art and real estate converge as Art Basel kicks off
Amid the launch of Art Basel Miami Beach on Wednesday, Related Group’s Jorge Perez had already scooped up a painting and photography collage for his collection. Dacra’s Craig Robins also made purchase…
RK Centers pays $28M for Coral Springs shopping plaza
RK Centers, a South Florida company known for its retail holdings, just inked a $28.15 million deal for the Coral Palm Plaza in Coral Springs. The retail strip was built in 1986 and is located at 2015-2153 University Drive. It…
Worker killed at Edgewater condo project
UPDATED 12/2/2015 6:40 p.m. A construction worker was reportedly killed Wednesday in an accident at the site of Biscayne Beach, an upcoming condo tower in Miami’s Edgewater neighborhood. The worker was hit by a pi…
Miami Art Week: Thor leases Wynwood space for murals, beer garden
Thor Equities is leasing space in Wynwood to Smashed Canvas, a pop-up, open-air art installation, beer garden and event venue during Miami Art Week. The New York-based company, led by Joseph Sitt, told The Real Deal it has leased 2801 Northwest Third Avenue to Minimax…
Billionaire developer pays $44M for West Palm apartments
A company tied to billionaire developer Igor Olenicoff just sealed a $44 million deal to purchase a West Palm Beach apartment community. The deal includes Ibis Reserve, an apartment complex with 234 units at 8300 Ibis Reserve Circle. AMLI Residential…
Wynwood gets a fresh coat of paint during Miami Art Week
The streets of Wynwood were packed on Tuesday evening with artists and visitors at the launch of Miami Art Week.
Wynwood Properties held a VIP opening event for Walls of Change, the debut of new murals at the Wynwood…
Artists chosen for revamped Miami Beach Convention Center
Sculptures, glass panels, a tile installation and a mural will adorn a revamped Miami Beach Convention Center when it completes its two-year expansion project. Six international artists have been selected to create site-specific works of…
New renderings of Fasano Hotel + Residences at Shore Club
New renderings of the planned Fasano Hotel + Residences at Shore Club have been released this week. Brazilian architect Isay Weinfeld is leading the redevelopment of the Shore Club, which will reopen as a Fasano…
Brickell City Centre puts spotlight on the Climate Ribbon
The developers of Brickell City Centre kicked off Art Basel celebrations by hosting a champagne bash Tuesday night to showcase the newly finished Climate Ribbon. Hundreds of real estate professionals gathered in…
‘Once-in-a-Lifetime’ Miami Beach Land Auction
“We look at this like a blank canvas with the opportunity to create something different, high-end, stylish and in vogue.”
AKREA Reenters South Florida With a Bang
The deal marks AKREA’s second acquisition in Fund III, which launched earlier this year and has raised $53 million in new capital.
Creating CRE Opportunities Where They Don’t Exist
“Many times I find myself driving down a street and seeing an incredible vacant parcel, or underutilized property…”
SunTrust Exec Cites ‘Huge Appetite’ in This Sector
“Both investors and tenants are also attracted to these developments…”
These (Flood) Losses Could Average $1B by 2050
MIAMI—It’s almost mind-boggling….