Historic Office Building in Downtown Miami Trades
New ownership plans to breathe new life into the historic gem.
Food Distributor Moves Corporate HQ Into 30,000 SF Coral Gables Space
Miami’s Blanca Commercial Real Estate represented the multinational food enterprise in the new-to-market lease.
Miami Holiday Inn Sells For $65 Million
The developers behind the deal plan to tear down the 10-story hotel and build a 77-story mixed-use tower in its place.
Jeremy S. Larkin and Joseph Gallaher negotiated the sale.
High-End Furniture Retailer Inks 23,000 SF Lease Deal
The deal marks the first lease announced for The Shops at Sunset Place under new ownership.
NDC Sells Center Court Apts for $25.5M
National Development Corporation sold the 588-unit Center Court Apartments at 14795 NE 18th Ave. in North Miami, FL to private investors for $25.5 million, or approximately $43,000 per unit. The 456,755-square-foot multifamily community consists of studios, one-, two-, and three- bedroom units …
USPS Sells Pembroke Pines Facility
The City of Pembroke Pines purchased the industrial facility at 16000 Pines Blvd. in Pembroke Pines, FL from The Unites States Postal Service (USPS) for $17.88 million, or about $52 per square foot. The 345,377-square-foot building was built in 1994, and will continue to be occupied by the USPS…
FOH Warehouse Renews Lease at Gratigny Central Industrial Park
FOH Warehouse, Inc. renewed industrial lease at 3121-3151 NW 125th St. in Miami, FL. Built in 1986, the 172,389-square-foot industrial building is located in the North Miami Beach Industrial submarket, within the Gratigny Central Industrial Park, near Opa Locka Airport and off Gratigny Parkway.
TIAA-CREF Sells 49% Interest in Miami’s Waterford at Blue Lagoon
TIAA-CREF and Allianz Real Estate of America has formed a joint venture for the Miami office complex Waterford at Blue Lagoon. TIAA-CREF is retaining 51% interest and sold 49% interest to its new partner. Six class-A office buildings (1000 Waterford, 5200 Waterford, 5201 Waterford, 5301 Waterford…
Cruising from PortMiami is only getting better
A record in cruise passengers – nearly 4.9 million – sailed through the Port, more than any other cruise port in the world. Many of PortMiami’s current cruise partners are also expanding their cruise business at PortMiami.
PortMiami reports strongest container traffic in ten years
In the 2015 fiscal year, containerized cargo movements increased by 15 percent with a total of 1,007,800 TEUs (twenty-foot equivalent units) moving through the Port during the 12 month period ending September 30, 2015.
Big ships welcome now at PortMiami
PortMiami is ready for the big ship era! It is the only major logistics hub south of Virginia capable of handling fully laden post-Panamax vessels. More than $1 billion of capital infrastructure projects are now complete.
The Deep Dredge completion countdown begins
PortMiami will be big ship ready as of Sept. 18, becoming a viable option for trade and commerce from the Southeastern United States to reach markets worldwide. The Port will be the only major global logistics hub south of Virginia capable of handling bigger post-Panamax vessels.
Third phase of Miami Avenue Bridge project underway
The next phase of work includes the installation of bicycle-friendly grating and other related work focused on the northbound lanes of the bridge. Detours are still in place. The project is anticipated to be completed in December.
Former Tallest Building in Downtown Miami Sells For $9.2M
What was once the tallest building in Downtown Miami standing just seven stories high is about to receive a complete makeover after the 90-year-old Dade-Commonwealth property sold for $9.2 million. Located at 139 N.E. 1st Street just a few blocks from Bayfront Park, the 43,265-square…
Another Look at the MDC Latin American Art Museum Proposal
2015 is a year of competition, from Republican primary debates to real estate development projects. Related Group and Arquitectonica are preparing to bid for Miami Dade College’s mixed-use project, to compete with the unsolicited bid for a Latin…
Triptych Ticks Closer to Becoming a Towering Tall Reality
Developer Aventura Hotel Properties is bringing a new building into the world, which will have 297 hotel rooms, 50,512 s.f. of office space, 3,062 s.f. full service restaurant, 3,048 s.f. cocktail lounge, and 37,181 s.f. of retail space. HES Group bought…
Commercial Real Estate National News Roundup for Nov. 23, 2015
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REITs rejected, CBRE crunches numbers, and Utah’s tech boom – it’s all here in the Commercial Real Estate News Roundup for November 23, 2015. And a Happy Thanksgiving to everybody! Retail. CBRE Acquires Retail Analytics Firm – REJournals.
Coral Gables Wins Another Corporate Headquarters
Blanca Commercial Real Estate’s Tere Blanca explains the significance for the company and the city.
This is the Highest MF Per-Unit Prices Miami Submarket
“Submarkets such as this one in Miami present a great investment opportunity as rental rates continue to rise.”