Keyes Commercial
Codina and Gadinsky sell new Doral shopping center
A partnership between local developers Codina Partners and Gadinsky Real Estate sold the recently completed Doral Signature Shops for $9.1 million. Marcus & Millichap’s Scott C. Sandelin and Edward Romo were the brokers for seller CC Lakeside OP, managed by Armando Codina, Seth Gadinsky, Daniel Hotte, Justin Schultz…
Fannie and Freddie Hit the Brakes on Multifamily Lending
Fannie Mae and Freddie Mac are trying to reign in robust multifamily lending that has them racing toward their annual production caps very early in the year. Fannie and Freddie have introduced rate hikes over the past few weeks and tightened underwriting as a means to slow lending activity. The rate increases have amounted…
Foreign Money Is Pouring Into U.S. Real Estate, and It’s Not Just Houses
Blockbuster real estate deals are back and breaking records as cash from around the globe pours into U.S. office buildings, apartment complexes and other investment properties. Commercial real estate transactions jumped 45 percent by dollar volume in the first quarter, an increase driven by sales of multiple buildings…
Simon Property’s share of Brickell City Centre valued at $100M
Simon Property Group disclosed the value of its investment in the retail portion of Brickell City Centre as $100 million. The mall giant (NYSE: SPG) announced in April that it joined the team of master developer Swire Properties and Family Development, the owner of the Bal Harbour Shops, as a partner in the 500,000 square feet…
Details of the Design District’s Palm Court
Miami’s Design District has been transformed in the last five years from an industrial center with a few furniture, textile, and design storefronts and to a mega retail center where the shiniest and the most luxurious are setting up shop to sell their wares from Prada to Hublot to Cartier and more. The Design District of today…
Second phase of Miami Avenue Bridge set to finish in December
Renovations: The Bass Museum of Art Will Close This Sunday for a Year
The Bass Museum of Art will close this Sunday for a year, to undergo the museum’s planned renovation and expansion. The plan, which eliminates the monumental interior ramp and adds 47 percent more programmable space, is by architect David Gauld, who worked closely with Arata Isozaki, the architect…
Miami: A Blank Canvas For Design
Miami is no stranger to the global spotlight. Flashy hotels and nightclubs, celebrity sightings and some of the world’s greatest beaches have long been part of our international brand. But when it comes to winning acclaim for superior architecture, we have long lagged behind design hotspots like Chicago, New York, London and Hong Kong.
CushWake Beats Out Competition for Massive Assignment
“The opportunities are endless in terms of what we can offer to prospective occupiers.”…
TRD insider interview: David Martin talks development in Broward
David Martin, president and founder of Terra Group, sat down with The Real Deal’s Managing Editor Ina Cordle to talk about his company’s upcoming projects in Broward County. Terra is currently working on a 120-acre development in Weston, Martin said, where the group will build estate homes priced…
Can JaxPort Compete With South Florida?
South Florida banking experts speak on the difficulties of vetting foreign funds
Foreign investment is everywhere in South Florida, but in an increasingly strict regulatory environment, banks are having to ramp up Bank Secrecy Act and anti-money laundering departments. Bank Secrecy Act and anti-money laundering experts broke down the key points of working with foreign investors in South Florida, dealing…