Jackson to complete $38.5M, 27-acre Doral buy
The Jackson Health System expects to close on Friday on its $38.5 million purchase of 27 acres of land in Doral to build a future healthcare facility. Jackson Health System CEO Carlos Migoya announced the imminent purchase during a report to the Miami-Dade County Commission’s Economic…
Codina lands $53M loan for Coral Gables apartments
An affiliate of Codina Partners obtained two big loans from Regions Bank to build its 2020 Salzedo mixed-use project in Coral Gables. The bank (NYSE: RF) made a $53.54 million mortgage to Codina CG for the residential portion and a $15.35 million loan to Salzedo Office for the office portion. The site covers 1.6 acres at 2020 Salzedo…
New York firm buys Little Havana apartment complex for $11M
An affiliate of Brooklyn-based Burke Leighton Holdings acquired the Miramar Apartments in Miami’s Little Havana (area CRE listings, demographics/economic data/projections) for $10.7 million. Miramar Apartments, a Coral Gables-based company managed by Luis Felipe Martinez, built the 44-unit complex with 120 units…
Moishe Mana wins county nod for Wynwood land swap
Miami-Dade’s Economic Development Committee on Thursday unanimously backed a pending land swap-construction deal between the county and Wynwood developer Moishe Mana. The deal, which Miami-Dade County Commissioner Audrey Edmonson described as a “win-win,” will come before the full…
Doral Holiday Inn Express in Miami sells for $15.9 million
The Holiday Inn Express Miami Airport Doral sold for $15.92 million, according to Miami-Dade County property records. The hotel, at 8436 Northwest 36th Street in Miami, sold for a 148 percent premium over its previous sale price of $6.4 million in December 2008. The seller, Sunshine Hospitality LLC, is affiliated…
Chariff inks in pink in Miami’s MiMo
Two pink houses, two new deals. Lyle Chariff and Mauricio Zapata, partners in Chariff Realty Group, just bought a mid-century revival property in Miami’s MiMo district, which they plan to renovate and turn into their corporate offices, The Real Deal has learned. The partners paid $1 million for…
County ranks 13th Floor/Adler Group plan for Metrorail station ahead of Related
The Adler Group and 13th Floor Investments will get the first crack at negotiating an agreement with Miami-Dade County to build a major project at the Douglas Road Metrorail Station after its proposal earned the highest grade by county staff. Both Adler/13th Floor and the Related Group responded to a request for proposals to construct…
Miami DDA Q2 2015 Residential Real Estate Market Study Released
The Q2 2015 update of the Residential Real Estate Market Study of the Miami Downtown Development Authority has been released . This is a a continuation of their Q1 2015 (Annual) market research report. Some of their findings in this most recent report include…
NAI Miami’s Johannsen Negotiates $24 Million Sale Of Marina Property
The 7.53 acre property is located at 2385 PGA Boulevard in Palm Beach Gardens.
Construction Watch: Brickell City Centre’s Climate Ribbon is Super Sexy in Reality
Construction at Brickell City Centre is moving fast toward completion, with the third of Phase I’s three principal towers getting topped off back in March. Since then, walls, glass, and everything else that will fill the place up has been doing so at a rapid clip, including the much ballyhooed…
Monochromes: Miami City Hall Was Originally Pan Am’s Stylish Seaplane Base
How many cities have city halls that were formerly seaplane airports? Probably just Miami, where in 1954 the former Pan American Airways Seaplane Base at Dinner Key was preserved and turned in to a very fashionable city hall. Before that, seaplanes would land and take off on the glittering waters…
South Florida Architects re-imagine the retail landscape with bold designs
The vast majority of retail centers in South Florida are sprawling enclosed malls surrounded by lakes of asphalt, or strip centers set back far from the street. But many of the region’s new shopping projects have bold architecture that aims to energize people at the street level.
It isn’t easy being green: All Aboard Florida Wants to Expand into Little Triangle Park
All Aboard Florida wants to expand its Downtown Miami station project into a 7,000 square foot triangular county-owned “green space” with trees, grass, and park benches at the southern tip of their property, which First Avenue currently veers around. The Miami Herald declines to…
Miami CRE Firm Negotiates $23,870,000 Investment Sale in Palm Beach Gardens, Florida
The 7.53 acre property is located at 2385 PGA Boulevard.
ZOM breaks ground on Brickell apartments
ZOM, an Orlando-based multifamily developer, just broke ground on its new apartment tower across the street from Brickell City Centre. The 50-story tower, dubbed Solitair Brickell, will house 438 rental units when completed. Zom purchased…
Battle Rages Over Miami Public Waterfront Land
Would developing the public waterfront land to year-round commercial event space, which would include the Boat Show, harmful to Key Biscayne or not?
International shipping company expanding in Miami-Dade
Overseas Cargo Inc. plans to more than double its space in Miami-Dade County with a new warehouse for international shipping. The third-party logistics company, also known as ShipOCI, currently has an 80,000-square-foot warehouse at 650 N.E. 185th Street. It is in negotiations to open a 150,000-square-foot warehouse in Medley…
Boat Show turning into bullies?
The City of Key Biscayne is at war with the Miami International Boat Show. As you know, the city does not believe the move to the Miami Marine Stadium site is a good idea, mostly due to a lot of traffic overtaking the fragile islands of Key Biscayne and Virginia Key.The National Marine Manufacturers…
Institute of Contemporary Art clears another hurdle
Earlier today, the Institute of Contemporary Art won a key preliminary nod from the city of Miami Commission in its quest to build a new home. By a 3 to 1 vote on first reading, city commissioners authorized zoning and land designation changes on four properties in the Design District and the…