Financing set to bring Tri-Rail trains into MiamiCentral Station
The last piece of the financing puzzle to bring Tri-Rail trains into MiamiCentral Station next year fell into place Oct. 31 when directors of the Southeast Overtown/Park West Community Redevelopment Agency agreed to fund $17.5 million of the project. The agency had previously pledged that amount…
Public CRE markets welcome Trump win – with some exceptions
From the New York website: And then, global stock and bond markets proved all who predicted a Trump victory would lead to immediate financial turmoil wrong. The S&P 500 stock index and 10-year treasury yields both rose over the course of Wednesday, indicating that markets weren’t too spooked…
Trump’s handpicked EPA transition team leader is bad news for Miami—and the planet
Whether you voted for Donald Trump or not, there’s one element that’s now all but a certainty: His presidency does not bode well in the planet’s war against Climate Change, especially in Miami, where we’re already seeing debilitating effects from rising sea levels. Trump’s choice to lead his EPA transition team is Myron Ebell, noted Scientific American in September. This is not good, especially…
Galbut clears one hurdle in quest for revised project at South Shore Hospital site
The site at 500 Alton Road and Russell Galbut: Over the objections of one of their colleagues, the Miami Beach City Commission voted 5-1 to allow developer Russell Galbut to seek approval from the city’s land use boards for revised development plans for the former South Shore Hospital site on Alton…
Paraiso Bay Has Topped Off In Edgewater (Photos)
The Related Group’s Paraiso Bay has topped off. Work on a parking podium is also underway, as can be seen in one picture on this page. In one photo, Paraiso Bay views are in the foreground.
Miami real estate players welcome Trump presidency
Dan Kodsi, Shahab Karmely, Don Peebles and Jules Trump are pictured with Donald Trump in the background. As South Florida dealt with the stunning results of the presidential election, Miami’s real estate industry looked toward the future, mostly with optimism. For developers and brokers, a Donald Trump presidency…
Cornerstone Group Proposes Platform 3750 On US-1 In Coconut Grove
Platform 3750 LLC, an affiliate of Cornerstone Group of Hollywood, is proposing an eight-story project called Platform 3750. The proposal calls for: 192 apartments; 30,070 square feet of office; 20,200 square feet of retail; 403 parking spaces. The project site is 3750 South Dixie Highway. Kobi Karp is the architect. Miami’s UDRB is scheduled to review the plans on November 16.
Q&A with Hank Klein: Miami CRE exec turns to photography following devastating stroke
Hank Klein is shown with photos from his book. Hank Klein, vice chairman of Blanca Commercial Real Estate in Miami and a leading figure in South Florida’s commercial real estate sector for more than three decades, recently published a book entitled “Miami, Real and Imagined,” a collection of…
The Top Commercial Real Estate Due Diligence Mistakes
Avoid these due diligence don’ts while navigating commercial real estate investment. When it comes to securing a commercial real estate deal, the due diligence process sometimes takes a backseat to seemingly more important factors, such as raising money and negotiating the deal. Because of the…
Maturing Loans On Shaky Ground
The clock is ticking for a cluster of troubled pre-financial crisis loans imperiled by shaky shopping centers and half-empty office parks. The post Maturing Loans On Shaky Ground appeared first on SVN South Commercial Real Estate Advisors.
Trump’s election not a shakeup for South Florida’s real estate market, experts say
Donald J. Trump’s election as the next president of the United States could shakeup much of the political establishment, as the Republican as promised to “drain the swamp” in Washington, but it’s not expected to cause a shakeup in South Florida’s real estate market, experts say. Some experts believe the billionaire real estate developer could be a positive for the local real estate economy over the long term.