New York developer buys building in Miami’s Edgewater for $19M
A partnership between Terra Group and Avra Jain sold an office building in Miami’s Edgewater neighborhood for $18.75 million to a New York developer. Terra Skylar 3550 Investments, a joint venture between Miami-based Terra Group and hotel owner Jain, sold it to MREG 3550 Biscayne Owner, an affiliate of Mack Real Estate Group…
New shopping center bulking up with a gym in North Miami-Dade
UFC Gym will open its first location in Miami-Dade County at La Fontana Shops, a new shopping center under construction on Biscayne Boulevard in Miami, The Real Deal has learned. The fitness center, which operates locations in 28 states…
Developer of Miami-Dade mega-mall closes land deal
Triple Five Group closed on the purchase of 82 acres in northwest Miami-Dade County as the first piece in its plan to build the largest mall and theme park in North America. Miami-Dade County sold the land near the southwest corner of Interstate 75 and the Florida Turnpike for $12.3 million to International Atlantic LLC, an affiliate…
NY investors pick up Miami Gardens shops for 3x last sale price
AMLI buys second Miami-Dade apartment project for over $100M
From Russia, etc., with less love; an infographic of reduced foreign money
As the U.S. dollar continues to gain strength in a growing economy, the buying power of the primary foreign investors helping to fuel South Florida’s current boom cycle is sputtering. Currency devaluations along with other destabilizing economic and political factors in Latin America, Europe and Russia are making it harder…
Eleven In The Roads, A Brickell-Area Residential Project, Set To Break Ground Next Week
Construction is about to begin on Eleven In The Roads, a residential project in the Brickell area. Just 24 units are being built at Eleven, in two separate three-story buildings designed by architect Kobi Karp. The 24-unit project is being marketed as a luxury project with high-end appliances and finishes, at prices averaging $425 per square foot.
Miller Road Publix opens in Miami after rebuild, expansion
Lifestyles of the rich and richer: Miami Has 3 of the 15 Most Expensive Streets in the Country
According to data crunched by Zillow of “streets with at least ten homes”, three of the fifteen most expensive residential streets in the country are in Greater Miami, including the top spot, Indian Creek Island Road, the only street in the rarified enclave of Indian Creek…
Here’s Tommy: Tommy Hilfiger is Building a Party Pavilion at the Raleigh
The City of Miami Beach approved Tommy Hilfiger’s plans to restore and upgrade South Beach’s super-duper iconic Raleigh Hotel last week. The highlight of his plans, which are being designed by Touzet Studio, is a new structure behind the pool which is designed to reflect the…
Billboard Wars: Gird Your Loins, the Giant Digital Billboard Wars Are Back
The giant digital billboard wars are back, people, and this time it’s for a site in Overtown just outside Miami Worldcenter where the city has supposedly considered building a media tower since 2009. Now developer Michael Simkins wants to build a 633 foot media tower with five huge digital signs…
Buzzkills: Miami Beach proposal to close clubs by 2 AM…
Miami Beach proposal to close South Beach clubs by 2 A.M. is just the latest in a long history of silly fun-killing laws the city has enacted, or come close to. Sunscreen, rubber food, bathing suits, and ‘boogie-woogie’ music were all considered menaces to society at one point or another.
NAI Miami Negotiates Sale Of Fort Lauderdale Industrial/Flex Building
Edward Schmidt, CCIM and Timothy Merriman represented the seller in the sale of the 16,413-square-foot building located at 1341 Southwest 21st Terrace.
Broward becomes its own destination: TRD panel
Broward County has grown to rival its bigger brother Miami-Dade as a destination for living, investing and developing, according to panelists at The Real Deal’s Broward Real Estate Forum & Showcase. The county was stagnating a decade ago…
Panel: SoFla can still count on foreign buyers — just not as much
South Florida is more of a “think tank” and less of a “drink tank” these days, a contributing factor to increased domestic and foreign investment to the region, according to developer David Martin, a panel…
Whole Foods Market-anchored center in Wellington sold to Weingarten for $54M
Weingarten Realty Investors acquired a Wellington shopping center anchored by Whole Foods Market and three out-parcel buildings for $53.55 million. The property is just south of the Mall at Wellington Green along U.S. 441/State Road 7. The transaction was recorded in two deeds.
Photos on the scene at Related Group, Books & Books series
The Related Group and Books & Books recently held book signings and talks at two South Florida Related projects.
Juan Carlos Botero signed copies of his book, The Art of Fernando Botero, at both events…
New Lincoln Road Apple Store to open Saturday
The new Apple Store on Lincoln Road will open this Saturday at 10 a.m., when it will host “a grand re-opening celebration.” Apple will close its current longtime store, at 738 Lincoln Road, two hours earlier than usual, at 9 p.m. on Friday, to…
Fortress affiliate buys Palm Beach County retirement home for $24M
Holiday Retirement, a portfolio company of Fortress Investment Group (NYSE: FIG), acquired the Windward Palms independent living facility near Boynton Beach. Boynton Beach Retirement Residence, an affiliate of Seattle-based Hawthorn Management Services, sold the senior center at 8440 S. Military Trail for $24.08 million…
President Obama, South Miami Mayor Philip Stoddard, and FPL Nuclear
In great environmental battles — like the one to determine whether FPL will be the first utility in decades with the permit to build two new nuclear reactors — there is always a turning point. That turning point may have occurred the other day when a camera caught South Miami Philip Stoddard…
The Stage Miami closes in May, seeks space to relocate
The Stage Miami, a live music venue in Miami’s Design District, will close its doors early next month because of what it says are “dramatic changes in the area.” The building and land where The Stage is located will be sold, and the venue’s lease will not be renewed, the company announced on its Facebook page on April 15.