Oct 08, 2015 - 0 Comments - Top Stories -

Miami Commercial Property News October 8, 2015

Three major projects proposed in North Miami Beach, including three-tower development

North Miami Beach officials will consider three major projects that have been proposed in an area of the city that was recently rezoned to increase its density.  The applications for two mixed-use projects and a hotel will go before the city’s planning and zoning board on Oct. 19.

FAA approves height of tallest condo in Miami’s Edgewater

The plans for Elysee Residences, which would be the tallest condo tower in Miami’s Edgewater neighborhood, are set for takeoff after the FAA approved its height.  Two Roads Development plans to build the 57-story project with 100 units at 700 N.E. 23rd St. along Biscayne Bay. In August, the FAA filed a preliminary…

McCraney Bolsters Property Management Team To Oversee 2.5 MSF Of Industrial Product, 1.1 MSF In Pipeline

He brings more than 20 years of experience in all facets of commercial real estate including financing, leasing, title work, and full service facility management.

Miami Is a Rising Star in the Global Elite Real Estate Market

Miami has found a comfortable place among the leading cities of the world: London, New York, Hong Kong, Sydney, Singapore, LA, and Dubai. While London has taken the top spot as the place for the wealthy to park their wealth in urban real estate, Miami…

Developers Want Approval for Medical Hotel in Little Havana

The medical tourism sector will get a boost if Omega Grid Development Group’s project gets the green light. If so, there will be a 44-room hotel, Med Inn Suites & Residences, that exists specifically for recovering hospital patients.  If the…

New shared office space firm opens in South Miami

TamboWorks has joined the co-working space scene in South Florida, The Real Deal has learned.  Founders Adolfo Taylhardat, Maria Alejandra Marquez and Hector Figallo.  The shared office space company opened its doors Sept. 1, co-founder Maria Alejandra Marquez told TRD.

TSG Paragon tops off Cassa Brickell project

TSG Paragon Development has topped off its 80-unit Cassa Brickell condominium, the developer announced on Wednesday.  The building will include units with one to three bedrooms, penthouses and townhomes. Condos now start at $415,000 and 760 square feet. Units will feature Italian…

Kit and Ace aims at cool Miami spots for new store openings

Kit and Ace, the luxury apparel, accessories and lifestyle brand for men and women — linked to the founders of lululemon — will open its first Florida stores in Coconut Grove and Wynwood by mid-November, as it targets hip areas for expansion…

German firm sells Fort Lauderdale office for $8M

The affiliate of a German investment firm just sold an office building in Fort Lauderdale for $7.8 million.  The sale covers a four-story office building at 910 Southeast 17th Street, which sits near large commercial developments…

Wynwood assemblage hits the market for $28M

201 Northwest 21st Street, 210 Northwest 22nd Street, and Andy Charry and Jon Gerszberg.  A development site in Wynwood hit the market for $28 million, The Real Deal has learned.  Marcus & Millichap’s Andy Charry, along with his business partner Jon Gerszberg, are the listing agents fo …

McCraney Brings on Reinforcements

“Our largest challenge and the greatest demand from tenants is not driven by space or place but by ‘face-to-face.’”

‘Recession-Resistant’ Property Opens Doors

The facility is expected to open its doors in the Spring of 2016 and is part of a broader, booming trend….

Four Big Net Lease Challenges by 2050

“Throughout the last 20 years or so, cap rates haven’t changed much for net lease assets when compared to other commercial real estate investments.”