Hines lands $88M construction loan for Doral mixed-use project
An affiliate of real estate developer Hines signed an $88 million construction loan for a Doral (area trends: industrial; multifamily; retail; office) project that will feature residential, hotel rooms, retail and offices. BMO Harris Bank, as an administrative agent for multiple lenders, granted the four-year mortgage to 8800 Doral LLC, an affiliate of Houston-based Hines. It covers…
Equinox fitness chain is taking the over the industry and will be part of Brickell Heights
The chain of luxury gyms will have nearly 80 clubs by the end of 2015 and has announced plans to launch a chain of upscale hotels with focus on physical health in Los Angeles and New York. “Our client has a lifestyle of high performance,” said the head of marketing for Equinox Carlos…
Great interest of Latinamerican investors in Hollywood and Hallandale Beach
Just 10 minutes north of Miami, by the beach, there are the cities of Hollywood and Hallandale Beach, which have become one of the most prosperous areas of South Florida not only for its proximity to the Atlantic Ocean but because of its everyday dynamic and family friendly environment. Characterized…
Developer completes final new Key Biscayne condo project
Unless a new development is suddenly proposed, developers have completed the last new preconstruction condo project for the wealthy island enclave of Key Biscayne (area demographics, listings) during this current South Florida real estate cycle that began in 2011. Deeds for the newly completed 101 Key Biscayne project — officially known as the 101 Condominium…
Donald Trump sues Stillman over troubled Fort Lauderdale hotel project
A lawsuit filed by billionaire Donald J. Trump claims that the developer of a Fort Lauderdale condo hotel soiled his reputation and cost him millions of dollars when he failed to complete the project. The condo hotel at 551 North Fort Lauderdale Beach Blvd. was originally called the Trump International Hotel & Tower Fort Lauderdale.
In December, Prices For Homes In Miami Rose The Fastest Nationwide
Home prices in Miami rose faster than any other major U.S. city in December, according to the S&P/Case-Shiller Home Price released. Miami home prices rose 0.7% for the month. Nationally, home prices were down 0.1% on average for the month. For the full year 2014, Miami ranked second nationwide…
Related Group CEO Jorge Pérez in his own words on Miami’s economy
Miami’s most prolific condo developer, Related Group CEO Jorge Pérez, is understandably optimistic about the local economy’s future, yet he sees several challenges that must be overcome to make the city a more attractive place to live. “Miami is one of the top cities for…”
Fifth Third Bank funds construction of 175 apartments in Miami-Dade County
Johnson Development Associates launched its first apartment project in South Florida as it obtained a $31.1 million construction loan for a project in the Fontainebleau area of Miami-Dade County. Fifth Third Bank provided the mortgage to the Residences at Fountain Square, an affiliate of the Spartanburg, S.C.-based developer. In April…
Swire Properties to introduce the first “Climate Ribbon” in the world
Topping the $1 billion mixed-use Brickell City Centre, will be a 150,000-square-foot climate ribbon — an enormous overhead trellis made of steel, glass and fabric. It will cover the walkway of the shopping center, where there are open-air shops, escalators, restaurants and terraces. It will…
Capital At Brickell Site Sold To Chinese Investors For $75M and Will Be Redesigned
$ 74.74 million paid the buyer, who is CCC International USA LLC, a subsidiary of multinational China City Construction of Beijing and American Da Tang Group in New York. The plot of 2.78 acres had been approved for a special use permit to allow the construction of twin towers in 1.3 million square…
Florida: The new third most populated state after California and Texas.
Florida has overtaken New York and has become the third most populous US state. For its warm climate, Florida is a place where seniors in northern U.S.A and Canada decide to retire or spend the fall / winter seasons and has become not only one of the favorite destinations of South American migrants…
Executive immigration action could benefit Real Estate market
President Barack Obama’s recent executive action, designed to reform the immigration system, could help increase the rate of real estate development in Miami. One of the iniciatives calls for the modernization of programs that aim to promote the inward investment and entrepreneurship, said…
Met Square including a plaza and gallery to display historic findings.
The developers of the fourth phase of the Metropolitan Miami: Met Square, presented a plan that will include a permanent exhibition of prehistoric circles believed to be foundations for Tequesta dwellings around 2000 years ago in addition to elements of the modern history of Miami like parts of the …
$124 Million funding the construction of Echo Brickell
The luxury mega project that began construction this week got nearly $124 million to finance the rising of the 60-story and 190 unit tower from Canyon Capital Realty Advisors. Developers of Echo Brickell, Property Markets Group, claim that the purpose of this development is to achieve spectacular…
PortMiami Cargo Hits Decade Record
Demand Is Rising For CRE Loans
How much competition is there for loans? National Real Estate Investor turned to Walker & Dunlop, a national firm specializing in providing customized financing solutions to owners and operators of U.S. commercial real estate properties to find out.
Zimmerman offices in Fort Lauderdale sell at loss
Pompano Rising
As a sales and marketing professional for high-end South Florida real estate, she observes key changes in places. So when a Whole Foods Market opened in Pompano Beach, it didn’t pass by unremarked.