FAA Approves One Brickell City Centre, Will Become One Of The Tallest In The U.S.
Federal officials granted the authority for developer Swire Properties to build up to a height of 1,040 feet above ground level, or 1,049 feet above sea level. After studying the proposal for 20 months, the agency decided that it wouldn’t pose a threat to air traffic. The project is envisioned as the Brickell Avenue gateway to the…
Brickell City Centre reports strong retail leasing
The majority of the retail space at Brickell City Centre is already spoken for a full two years before the massive urban mall is set to open. While giving a tour of the under construction project for the National Association of Real Estate Editors, Swire Properties’ retail executive Debora Overholt said 450,000 square foot of the 500,000 square feet…
Doral Commons retail plaza is nearly complete, says Terra Group
Construction is nearly complete on the 140,000-square-foot Doral Commons retail plaza, development firm Terra Group announced. The plaza is 90 percent leased and is expected to open in the fourth quarter of this year. Rod Castan, president of leasing and management for the Courtelis Company in Miami, is overseeing leasing;..
Coral Gables’ Douglas Entrance Launches Multi Million Dollar Reno
Miami-based Banyan Street Capital, along with capital partner Oaktree Capital Management of Los Angeles, are undertaking the modernization project to restore the property’s iconic status.
Feds OK 80-Story Height For Brickell Tower
The fate of the tower’s height now lies in the hands of Miami-Dade County’s Aviation Department.
Miami Ranks #9 On CBRE’s Annual Green Building Adoption Index
41.6% of Miami office space is considered green.
Preservation Watch: Miami Women’s Club to be Restored with Restaurant, Retail
A part of the Miami skyline since its construction in 1925, the Miami Women’s Club has signed an agreement to lease out its home for 90 years, an agreement that comes with a much-needed restoration for the historic building, reports the Miami Herald. The Heafey Group…
Mindboggling Reveals: Lincoln Road’s Astroturf Oval Could Become a Big Fountain
James Corner of James Corner Field Operations presented his plans for Lincoln Road last night to about 100 beach residents and stakeholders. There was a mixture of criticism and complements, reports the Miami Herald, and the world finally found out what Corner wants to do with the astroturf oval…
Two Ten-Year Leases Negotiated For Massage Envy Spa
To date, Brandon Weiss and Josh Rodstein have completed over 50 transactions for Massage Envy throughout the state of Florida.
Miami’s Woman’s Club opens doors to real estate suitor
The Miami Woman’s Club said it has agreed to lease space in its historic building at 1737 North Bayshore Drive to the Heafey Group, a real estate investment firm that will upgrade the property. Heafey, based in…
Don Peebles: Miami market is leveling off
Developer Don Peebles sees the Miami market as leveling off, and predicts an end to the 50 percent deposit requirement on pre-construction condos. “This market is in for a leveling off, where it will get quiet,” said Peebles, founder, chairman and CEO…
Q&A with Dev Motwani of Merrimac Ventures
Dev Motwani is excited about downtown Fort Lauderdale. The Fort Lauderdale resident and president of Merrimac Ventures grew up in the neighborhood, where his family owned and operated a motel. Now, Motwani, a supporter of a new master plan for…
The week in real estate reports
Inside the construction site of Brickell City Centre, where two new office buildings are under construction. Miami construction sees slight decline. Miami’s construction industry saw a slight decrease during May, largely due to shortened spending on residential contracts. The month had…
Fidelity, other investors pump $400M into WeWork
From the New York website: Fidelity Management & Research Co. and existing investors pumped $400 million into WeWork in a new fundraising round that values the shared office startup at $10 billion – twice its December valuation. Following this latest round of funding, only…
Apex Marine relocates from Fort Lauderdale to the Miami River
Apex Marine is taking over the former Allied Marine site along the Miami River, and leaving its Fort Lauderdale location next week. The major yacht servicing facility, with locations in Pompano and Stuart, signed a lease on the south bank of the…
CVS-anchored plaza in Miami sells at markup
A recently built shopping center in the West Kendall area just sold for $6.45 million — a $2 million premium. The shopping strip, named CVS Plaza, has 18,214 square feet of retail space and is fully leased. Tenants range from a preschool to a medical…
Trophy Multifamily Asset Up for Grabs
This multifamily community is also positioned to benefit from economic expansion in the immediate area, including the recent $39 million transformation of Broward Mall and other surrounding projects.
This Retail Investment Was a No-Brainer
“This sale is a testament to the strength of the 1031 exchange market which is one of the main factors driving the high velocity for retail properties in Miami.”
What’s Driving Retail Growth in Doral?
If you’ve had your eye on Doral, FL over the past year, it’s time to take another look….
Two Big Concerns About Multifamily Market
Multifamily developers are expected to deliver about 400,000 new apartment homes in 2015. This raises two concerns, according to Ella Shaw Neyland, president of Steadfast Apartment REIT.
How Will This Move Impact Iconic Office Building?
Coral Gables’ famed Douglas Entrance fetched $100.75 million when it traded just over a year ago. Now, its owners are doing something big.
Developer, Contractors Charged in Kickback Scheme
A Coral Gables affordable housing developer is facing up to 45 years in federal prison in a $10 million tax credit kickback scheme.
Developer’s buy of Grove garage almost done
Ground floor retail will remain a fixture at the municipal parking garage on Oak Avenue in Coconut Grove after developer Terra takes ownership this summer. In fact, Terra says the move will attract new retailers and amenities to the Grove. The Oak Grove Garage, a public parking facility, is being so…
Go-slow governments create frustrating economic hurdles
Frustration with governments’ snail’s pace has reached the point that critics now sit within government halls. New bathrooms were due in Coconut Grove’s Kennedy Park two years ago but work hasn’t begun, Miami Commissioner Marc Sarnoff lamented this month, and…
Excellent Infographic About How Technology is Affecting Office Space
This infographic above illustrates how office space is changing in the United States and around the world. The post Excellent Infographic About How Technology is Affecting Office Space appeared first…
Developer Don Peebles sees trouble in Miami condo market, and other thoughts on real estate
National developer R. Donahue Peebles discussed his views on the real estate market on Thursday at the National Association of Real Estate Editors conference in Miami, a city where he believes the condo boom could encounter problems. The chairman of CEO of the Peebles Corp. said the 50 percent deposit requirement…