Clarion pays $109M for commercial building lease off Lincoln Road
Clarion Partners paid $109.25 million in cash for the ground lease of the Lincoln, a mixed-use office and retail building off of Lincoln Road in Miami Beach, records show. The owners, a public/private partnership between the city of Miami Beach and New York-based Real Estate Capital Partners, listed the property, sans asking price…
Chinese developer gets approval for 18-story condo in Miami Beach
The first major project by a Chinese developer on Miami Beach got a vote of approval on Tuesday from the Miami Beach Historic Preservation Board, which unanimously approved two variances allowing the project to proceed. China City Construction (CCCC Miami Beach LLC) plans to build an 18-story tower with 42 residences…
Biscayne 27 Inks Utilities Deal For 330 Apartment Units
The developer behind the proposed Biscayne 27 project signed an agreement with Dade’s Water and Sewer Department. According to the documents, 330 apartment units will be connected at 2710 Biscayne Boulevard, replacing the previous plan to build the Ion condo project there. Barbara Salk (formerly of Ion) signed…
CushWake acquires Miami-based property management firm Gibson Realty
The commercial real estate giant acquired Gibson Realty Group, a Miami-based property management firm with more than 4.1 million square feet in its portfolio. The acquisition elevates Cushman & Wakefield to handle more than 30 million…
Lawsuits allege developers performed shoddy construction work on Trump Towers in Sunny Isles Beach
There’s major trouble brewing over dozens of alleged construction defects at the Trump Towers I, II, and III in Sunny Isles Beach. In three separate lawsuits filed in Miami-Dade Circuit Court last week, the master condo association for the three buildings alleges that garages, facades and pool decks need extensive…
C&W Acquires CRE Management Firm, Portfolio Of More Than 4.1 Million SF
The acquisition places Cushman & Wakefield as the No. 3 property management firm in Florida.
Miami Beach Seeks to End ‘Floatopia’
Mayor: “The disruption… will NOT be tolerated” The thousands of rafts flooding Miami Beach for Floatopia this past weekend might’ve seen their last ride. The disruption to our beaches, residents and visitors caused by Floatopia will NOT be tolerated,” Miami Beach Mayor Phillip Levine wrote on his…
Report: Downtown Miami Among Fastest-Growing Neighborhoods in U.S.
Coming in at No. 4 Miami was recognized in a Realtor report naming the Top 10 Boom Towns Across America, with Downtown Miami coming in at No. 4 with a projected five-year household growth of about 14.9 percent. “Sure, Miami is hot: Hot weather, hot nightlife, hot housing. But compared with South Beach…
Miller: Miami’s High-End Buyers Showing More Discretion
High-end buyers are pausing Miller Samuel President Jonathan Miller (@JonathanMiller) unleashed the latest Elliman Report, covering the first quarter of 2016 in wake of late 2015’s inevitable downshift in Miami’s housing market. Let’s take an abbreviated look at the numbers and analysis of Miami Beach…
Mapping the 10 Hottest Hotels in Miami Beach
With another lovely South Florida winter in the rearview, let’s take a look at the movers and shakers in the Miami Beach hotel scene. We mapped the city’s top ten hotels, according to Trip Advisor reviews. Are you surprised by some?
6080 Collins Avenue Beach House to Break Ground Next Week
With 65 percent under contract 6080 Collins Avenue Beach House will break ground this Monday with 65 percent under contract. The 70 units at the six-story boutique condo-hotel development in Mid-Beach are comprised of large studios and one-bedroom suites, with units starting at $267,000.
Urban Land Institute Report: Active Transportation And Real Estate
The most recent report from the Urban Land Institute (ULI) does a great job exploring the dependencies and interconnections between the growth of real estate value and the provision of active transportation options, e.g. walking and bicycling. A collection of case…
Fed Beige Book: General Increase In CRE Activity
Yesterday, the latest edition of the eight-times-annually published Federal Reserve Beige Book arrived (or, as the kids say, dropped). What lies within its muted brown pages and cream-tone cover*? Good news for the state of the commercial real estate industry.
FIU, Miami Dade Youth Fair Continues Battle Over Land
Sixty-four acres of Miami-Dade’s Tamiami Park, the planned site of a new engineering center, is at the heart of a dispute between the University and the Miami-Dade Youth Fair.
eMerge Welcomes Guests with Iconic Opening Reception
Last night was a buzz at the opening reception for the 3rd annual eMerge conference located at the iconic 1111 Lincoln Road garage. The attendees enjoyed food, drinks and music, but the real discussion centered on the provocative content scheduled over the next two days. Some examples include…
Asian real estate group to hold luxury summit in Miami
In another sign of South Florida’s strengthening ties to China, the Asian Real Estate Association of America has selected Miami as the host city for its 2017 Global Luxury Summit next April…
Lawsuits allege developers performed shoddy construction work on Trump Towers in Sunny Isles Beach
There’s major trouble brewing over dozens of alleged construction defects at the Trump Towers I, II, and III in Sunny Isles Beach. In three separate lawsuits filed in Miami-Dade Circuit Court last week, the master condo association for the three buildings alleges…
Mexican congressman spent millions on luxury condos in South Florida
On the heels of the “Panama Papers” investigation, a new report shows an official of Mexico’s teachers’ union and his relatives went on a condo spending spree starting in 2004, dropping $6.3 million on 11 condos at the former Espirito Santo Plaza in the Brickell…