Apr 03, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News April 3, 2015

Keyes Commercial Realty Offices

Keyes Commercial

Phase one of Southgate Towers’ $40M renovation complete

Southgate Towers, a 1960s apartment building in Miami Beach, completed the first phase of its $40 million renovation, ADD Inc. announced recently.  The completed North Tower includes a new facade, 242 redesigned units, a lobby, fitness center with yoga…

Cruise lines seek more Miami berths

More cruise ships aim to come to PortMiami, a Miami-Dade County official revealed.  A number of companies are in talks with the county about bringing their ships to PortMiami, Deputy Mayor Jack Osterholt told Miami Today on Monday.

Torrid housing pace catches up to ’04

Despite four record-breaking years, residential prices are only now regaining their 2004 highs, according to Teresa King Kinney, CEO of the Miami Association of Realtors.  During an address at the Greater Miami Chamber of Commerce South Florida Real Estate Summit last week on Jungle Island, Ms. Kinney shared…

Sabadell Demos Strong CBD Office Demand

Demand for premium office space in Miami’s urban core is rising. The latest sign comes from Sabadell Financial Center…

Getting Inside the Head of Foreign Investors

Foreign investment may be changing because of the strengthening US dollar, but it’s still a strong force in Miami and beyond. What are the smaller investors buying…

North Beach on comeback trail

There’s more to Miami Beach than the epic pool parties of SoBe.  The bundle of barrier islands with a penchant for pastel colors and swaying palms has another neighborhood that doesn’t mind its slower pace and more family-oriented character.

Hialeah Rail Yards Taps Intermodal Trend

Square Mile Capital just invested big in the rail yard and intermodal center. Find out why….

Big Sugar Pays Tea Party Protesters To Stop Everglades Rescue

“Big Sugar supporters hiring actors to pretend to protest is pathetic,” said Progress Florida Executive Director Mark Ferrulo. “Someone should ask who is paying for artificial sweetener to make polluting the Everglades and our drinking water easier to swallow.” Please se…

L’Atelier Residences Launches $33 Million Penthouse

The days of its drama-attracting affiliation with the property across the street formerly known as Canyon Ranch are long gone. The condo tower now being planned for the ‘Golden Sands’ site, called L’Atelier, will have a $33 million penthouse with 8,000 square feet of living space over two levels, …

Terra/Related’s Park Grove Groundbreaking Happening Soon

Ground is being prepped for Park Grove, the joint luxury residential project by Terra Group and the Related Group that was designed by Rem Koolhaas/OMA, with groundbreaking happening soon. The rear portion of the project, including a new building for the Coconut Grove Bank, will be constructed fir…

Hialeah Rail Yards Taps Intermodal Trend

The 228-acre rail yard and intermodal center next to MIA will provide an important link to the Miami seaport to support future shipping growth.

You Won’t Believe How Much This Buyer Spent on Kendall Apartments

Modera Dadeland, two midrise buildings with 350 units, goes for $104.5 million. That’s close to $300,000 a unit…

Religious retirement community approved for construction in Broward

The Casa Sant’Angelo, a Catholic retirement community, received state approval to begin construction in Miramar.

Clocks ticks on Mediterranean Village plan

Developers of the proposed Mediterranean Village on the former Old Spanish Village site asked the Coral Gables Commission not to be afraid of sharing city founder George Merrick’s vision of growth with them and cautioned that time can run out as it did for the developer of City Beautiful.

What a difference in optimism three years have produced

Economic optimism that was squelched by the recession has come roaring back among Miami Today readers, and with good reason: their financial positions have improved markedly.  The average reader’s mean household income has jumped from $219,000 to more than $259,000 since 2012, data from Miami Today’…