Miami Beach considers plans for Baptist Health, hotel parking garage
The Miami Beach Planning Board will take up two significant items on July 28 – a medical building that would be occupied by Baptist Health South Florida and a parking garage with some retail that would serve a hotel. Plans for the Baptist Health outpatient offices have proven contentious, as Miami Beach-based Mount Sinai Medical…
Property owners approve Lincoln Road tax district
Eligible property owners voted in favor of creating a special tax district on Lincoln Road to fund improvements to the popular shopping, dining and entertainment area in Miami Beach. The office of the city clerk reported that more than 95 percent of the ballots cast were “yes” votes favoring creation of a self-taxing Lincoln Road Business…
Condo development scarce outside Miami, New York
Residential condominium development is robust in such cities as Miami and New York, but in the rest of the country, new condos are scarce. Condo construction comprised 5.5 percent of total U.S. multifamily construction in the first quarter. It was the smallest such percentage since the Commerce Department started…
Levy Realty Advisors Negotiates More Than 60,000 SF In Lease Deals
One of the deals includes a 3-year, 14,000-square-foot lease deal for distribution/warehouse space at Lakeview Center in Dania Beach negotiated by Levy’s Matthew Jones.
Brenner Closes 98,000 SF Lease For Corporate HQ
Brenner Real Estate Group negotiated an additional 35,331-square-feet in lease deals.
Uber is tough, really, really tough. It’s the hardened General Patton of app-based ride sharing services, while Lyft is… General MacArthur? Both companies are fighting the taxi medallion-owning establishment, cabbies protesting in France, a backlash from New York’s Mayor DeBlasio, and now half…
Commercial Real Estate National News Roundup For July 27, 2015
Seniors, minorities and millenials push multifamily growth, industrial markets looking very healthy, more companies are moving their headquarters to urban centers, Class B housing on the rise for working class families and more. It’s all here at the…
Developer proposes 347-unit apartment building in Fort Lauderdale
The apartment craze in Fort Lauderdale’s Flagler Village neighborhood could get a new player. The city’s Development Review Committee will consider plans for the Morgan on 3rd Avenue on July 28. The $75 million project would have 357 apartments, 4,292 square feet ground floor retail, and 506 parking spaces. Flagler…
Sony Music Inks Big Deal in Coconut Grove
Miami has long been known as the Gateway to Latin America, and deals like this just reconfirm that status.
Sony Music expands Latin American HQ, plans hiring in Coconut Grove
Sony Music has expanded its Latin American headquarters in Coconut Grove (demographics, commercial listings) and plans to boost its headcount there. Savillis Studley’s Robert Orban and Tyler Wyant represented the music company in the extension of its lease by 8 years and the addition of 6,500 square feet to its current 20,800 sf…
New trolley service to start in Coconut Grove Village West
The Coral Gables trolley will be running in Village West, making five stops, starting on Monday, July 27. This is great for Village West. Along with the opening of the new visitor’s center recently at the KROMA Gallery this is excellent news for the neighborhood. “The Grand Avenue Route” will come from the Douglas Metrorail station…
What Shorecrest Financing Really Means
Although the deal isn’t large, it speaks volumes about the state of multifamily financing in Miami.
Robotic Condos: Wave of the Future?
For all the wild amenities in Miami condos these days, this one deserves a place on the list….
Kendall Sees $47M Multifamily Rise
After starting construction in two luxury multifamily communities in Central Florida, the company has turned its attention to Miami.
Are Chinese Buyers Overtaking LatAm Investors?
GobeSt.com caught up with Tim Lobanov, managing director of Verasca Group, to get his thoughts on the foreign investment coming into the market in this interview.
Coral Gables to plant 3,000 trees
Tree Succession project will plant over 3,000 trees and palms in residential areas throughout the City. The project started in May of 2015 and will take 10-12 months to complete the planting portion of the project. The contractor is SFM Services, Inc., and they will be responsible for the planting of the trees and palms as well as…