HCA proposes 100-bed hospital in Miami-Dade County
HCA Holdings filed plans to build a 100-bed acute-care hospital in Miami-Dade County. East Florida – DMC, an affiliate of the hospital giant (NYSE: HCA), filed a letter of intent for the hospital with the Florida Agency for Health Care Administration on Aug. 3. The one-page letter doesn’t contain any details about the proposed hospital…
Ugo Colombo Interview Part 1: Make Waves This Condo Cycle
GlobeSt.com caught up with the 52-year-old Colombo to find out more about what he’s working on in part one of this exclusive interview.
Ugo Colombo Interview Part 2: Sounds Off on Changing Landscape
GlobeSt.com caught up with Ugo Colombo to discuss how he’s elevated his brand, how his older projects compete with newer properties, and his impressions of the changing buyer landscape in part two of this exclusive interview.
Doral office building owners file Chapter 11 to stay foreclosure
The majority owners of the Doral Court office building filed Chapter 11 to stay a looming foreclosure judgment. Twenty 29 entities called NNN Doral Court, as tenant-in-common owners of 92 percent of the property, filed for reorganization in Miami Bankruptcy Court on Aug. 6. Randy George is the manager member of the debtors.
Surge in Commercial Real-Estate Prices Stirs Bubble Worries
Investors are pushing commercial real-estate prices to record levels in cities around the world, fueling concerns that the global property market is overheating. The valuations of office buildings sold in London, Hong Kong, Osaka and Chicago hit record highs in the second quarter of this year, on a price per square foot basis, and reached…
Hollywood Office Park Finds New Owner
The three buildings within the park total approximately 253,000 rentable square feet.
Fabio Faerman Closes Bulk Sale Of Miami Condo Units For $6.7 Million
A total of 21 units were included in the all cash transaction.
Pipeline Workspaces Opening Fifth Location in Doral
Pipeline Workspaces, a high-design shared office concept provider, will be opening its fifth area location following a 12,733-square-foot lease at Doral Concourse Bldg I, located at 8400 NW 36th St. in Miami, FL. Doral Concourse is located in the heart of the business district, adjacent to CityPlace…
Dolphin Mall gives a sneak peek of soon-to-open restaurant plaza
In the heat of the day Wednesday, dozens of construction workers hammered away at Dolphin Mall’s soon-to-open restaurant plaza while media got a sneak peek of what will open there. Set to debut Sept. 15 after 18 months of construction, the expansion will bring a new 1,300-space parking garage and five new eateries to the Sweetwater…
PMG Partners with S2 Development, Canyon Provides $134M Construction Loan
Real estate investment management firm Canyon Partners has provided a $134 million construction loan to Property Markets Group (PMG) in a joint-venture partnership with S2 Development. The senior construction loan is for the Muse Residences project planned to rise at 17141 Collins Ave. in Sunny Isles…
Bridge Point Marina Mile Bldg Sold for $22.4M
Bridge Development Partners LLC sold the Bridge Point Marina Mile industrial building at 3400 SW 30th Ave. in Fort Lauderdale, FL for almost $22.38 million, or $118 per square foot, to an Aventura, FL-based investor. At the time of escrow the property was under construction, and was completed by…
Apollo Grp Purchased 6950 Bldg for $15M
The Apollo Group acquired the industrial building at 6950 NW 77th Ct. in Miami, FL from Continental Electric LLC for $15 million, or about $70 per square foot. The single-story, 213,131-square-foot warehouse was built in 1998. Luis Nunez of Realty Professionals #1, Inc. represented the buyer.
Atlas Plaza Sells for $65M
Tristar Capital acquired the Atlas Plaza shopping center at 114-130 NE 40th St. in Miami, FL from Atlas Associates Realty, Inc. for $65 million, or about $3,250 per square foot. The class A retail center totals 19,997 square feet. Atlas Plaza features a unique courtyard, assigned parking…
Big Tall Things: Are Top-Heavy Condos Becoming a Thing in Miami?
Elysee, the latest condo tower to be announced in Edgewater, is tall, skinny, and following a more extreme version of a mold set by Muse in Sunny Isles Beach, bigger on the top than on the bottom. Designed with a three-tiered plan, floor plates which contain two 3,412 square foot units…
Historic Mayflower Hotel on Alton Road to Become ‘Boutique Hospitality Concept’
The historic Mediterranean Revival building on Alton Road and 17th Street with the Vespa dealership on the corner, which was originally known as the Mayflower Hotel and is now called the Variety Building and has been a studio apartment building since the ’90s, is being “lightly renovated” and…
Railroading: French Company Bids for Beach ‘Link’ of BayLink, Hoping to Get the Rest Too
Alstom, a major French light rail company, has submitted a proposal to develop one third of the entire BayLink light rail connection from Miami to Miami Beach—the third that would run through the city of Miami Beach—with the hopes that this will make it a lot more likely to get…
Inside CocoWalk’s Retail Turnaround
Three months after grabbing CocoWalk, a 198,000-square-foot lifestyle center in Miami’s Coconut Grove neighborhood, the ownership team is making strides.
What’s the Big Deal About Doral?
Commercial real estate developers are flocking to Doral in droves. What’s going on? Why is this Miami suburb seeing so much activity? There are plenty of reasons and Codina Group sees them clearly.