New York Investor Pays $360 PSF For Entire Floor At One Flagler
A Hialeah-based entity purchased the 10th floor of the office condo property. The post New York Investor Pays $360 PSF For Entire Floor At One Flagler appeared…
H&M Leases 15,000 SF in Miami Beach
Clothier H&M leased 15,000 square feet at 763 Collins Ave. in Miami Beach, FL. When it opens this summer, this will be the retailer’s second store on Miami Beach. The 15,000-square-foot storefront building was completed in 1995. Greg Masin, Frank Begrowicz and Andrea Vigil of Cushman & Wakefield…
Ridge Development Breaks Ground on Speculative Distribution Facility
Ridge Development broke ground on Airport North Logistics Center, a 182,000-square-foot distribution facility being constructed on-spec in Medley, FL. The new logistics center will feature a 60-foot speed bay, 46 dock-high doors, two street dock ramps and 72 trailer spaces with additional vehicle…
AKREA Purchases 18 Building Portfolio in South Florida
Adler Kawa Real Estate Advisors (AKREA) purchased an 18-building portfolio made up of light industrial and office space in Delray Park of Commerce in Delray Beach, FL; The Park at Broken Sound in Boca Raton, and Prospect Park I & II in Fort Lauderdale, for $38 million. Delray Park…
Commercial Property Sales, Prices Continue Slowdown as Investors Pull Back
Commercial real estate prices and investment volume declined for the second consecutive month in February, despite robust leasing that bolstered net absorption and CRE fundamentals in the first quarter of 2016, according to the new release of CoStar Commercial Repeat-Sale Indices (CCRSI) data.
A plan takes shape to fix Miami-Dade’s CRAs
Miami-Dade commissioners would take greater control of community redevelopment agencies under a proposal that would tighten oversight and reduce funding, yet also require many CRAs to set aside dollars for much-needed affordable housing they have yet to provide.
New whistleblowers sue Plaza Health Network saying insiders milked nursing home chain
For the second time in four years, Miami Beach builder Russell Galbut and a nursing-home chain his family cofounded have been accused of illegal misconduct by a whistleblowing former executive. The post New whistleblowers sue Plaza Health Network saying inside…
Wynwood Arcade’s Stellar Murals by Tristan Eaton are Complete
Construction plows ahead at the new retail and restaurant space The development of Wynwood Arcade is coming along nicely, with Los Angeles-based artist Tristan Eaton finishing a vibrant Wynwoody mural featured prominently at the upcoming retail and restaurant space. “We are very excited about our…”
First Look at Missoni Baia in Edgewater
Check out the 56-story luxury tower’s first official rendering Missoni Baia, a 56-story residential tower in development in Edgewater developed by Vladislav Doronin’s OKO Group, just released its first official rendering, revealing a sleek and glassy 649-foot condo towering over Biscayne…
Getting In Front Of Lease Accounting Rules Changes
The recently announced Financial Accounting Standards Board changes to lease accounting won’t be in effect for three to four more years, but their potential impact on commercial real estate portfolios could be significant. New business could be the result — moving multi-year leases…
Free Live Webinar: FIRPTA, PATH Acts Compliance
The recent changes to the Foreign Investment in Real Property Tax Act (FIRPTA) that came with the 2015 Omnibus Spending Bill are making waves in commercial real estate investment circles. Stay on top of what the changes mean to private equity, real estate and…
EB-5 Funded Office Condo In Doral Opens At 92 Percent Sold
Nineteen foreign investors bought into the LEED-certified Riviera Point Business Center Doral, a $9.5 million, 41,000-square-foot, 44-unit project at 1500 Northwest 89th Court.
CenterState Bank To Close Six Miami-Dade Branches Following Acquisitions
As customers migrate to online banking, banks have been cutting back on physical locations.
Urban Burbs Are Sweeping South Florida
Read or Listen to WLRN’s interview with the executive director of the Margate Community Redevelopment Agency, Diane Colonna, about that city’s plans.
Miami-Dade County Takes P3 Reform Further After Florida Passes New P3 Legislation
After months in several Florida House and Senate committees, the State Legislature finally passed two related bills that were both signed by the Governor at the end of April. Importantly, the first bill, SB 124, establishes uniform processes for public entities to enter into P3 agreements. The second…