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International Money Is Stretching Out the Recovery Cycle
Remember the phrase “follow the money”—meaning that understanding a complex deal requires examines where funds are heading? Today, an appreciation of our elongated recovery might actually mean looking in the opposite direction, at the burgeoning source of real estate investment capital.
35 new foreign trade zone hubs likely
Port officials estimate Prologis, one of the world’s largest industrial property owners, should receive permission in the near future to create a foreign trade zone magnet hub in Northwest Miami-Dade County, adding to the growing number of sites PortMiami oversees since winning approval to…
Action put off on Gables US 1 project
The Coral Gables Planning and Zoning Board last week deferred making a decision on recommendations by city staff that Paseo de la Riviera, a mixed-use project at 1350 S Dixie Hwy., go forward, subject to conditions. About 250 neighbors and others turned out for the Aug. 12 meeting, but by the time…
Tennis tournament seeks more stadiums
The Miami Open will take place March 21-April 3, 2016, and almost certainly in the same location for a few more seasons, despite ongoing litigation concerning control over Key Biscayne’s Crandon Park, where the tennis tournament has been held every year since 1987. However, officials for tournament…
Industry Exec Parts Ways With CBRE, Named Colliers South Florida Executive Managing Director
Former CBRE Managing Director Ken Krasnow will lead Colliers’ South Florida business, focusing on strategic growth in the region.
Aventura ParkSquare’s Signature Office Tower Sold Out
The record sales achievement was reached after just a few short months on the market.
Denholtz Associates Acquires Industrial-Flex Property From KTR
The small-bay warehouse center is currently 75 percent leased.
Inside Hyde Beach Club, Related’s First Freestanding ‘Beach Club,’ Which Just Had Its Soft Opening
Sort of a new concept that the Related Group has started adding to its particularly large megaprojects, Hyde Beach Club, the first of Related’s two new ‘beach clubs,’ has had its soft opening according to Carlos Rosso of Related. The multilevel building…
Development Update: The Bond on Brickell Tops Off, Will Finish by Early 2016, British Themed and All
The Rilea Group’s The Bond on Brickell has just topped off at 44 stories according to the developer, and will be the first new condo tower completed on Brickell Avenue since the crash when it finishes in 2016. Although the main block of The Bond on Brickell is actually on…
NAI Miami’s Timothy Merriman Negotiates Investment Sale
The buyer was an Israeli developer currently purchasing several parcels in the area.
Stefano Ricci opening first SE boutique in Design District
Stefano Ricci will open a boutique in Miami’s Design District, in space leased from Thor Equities, The Real Deal has learned. The Italian luxury menswear brand will be located at 20 Northeast 39th Street, Thor told TRD. The 5,700-square-foot retail…
Mansions at Acqualina marks 37th new SoFla condo tower completed
Transactions are underway at the 37th new condo tower to be completed in coastal South Florida since this current real estate cycle began in 2011. Deeds started to be recorded on Aug. 10 for units in the newly constructed Mansions at Acqualina oceanfront…
Abacoa Corporate Center in Jupiter sells for $7M
The Abacoa Corporate Center in Jupiter has sold for $6.95 million, or $272 per square foot, Marcus & Millichap announced on Monday. Cove Neck Properties LLC, a Melville, New York-based company tied to Northville Industries, sold the 25,566-square-foot building…
REIT completes $33.5M deal for Fort Lauderdale hotel
The Chatham Lodging Trust, which had announced in July that it was paying $55 million to pick up two Residence Inn hotels in the United States, just closed its South Florida portion of the deal. The REIT paid $33.5 million for the Residence…
Q&A with Tony Cho: on revitalizing Miami’s urban core, expanding to Broward
Tony Cho, founder and CEO of Metro 1, ended July with a company record: $80 million in transactions. It was a milestone for Cho, who started his real estate career in 2000 with plans to be a “Realtor to the…
Coastal tops off the Bond on Brickell high-rise
The Bond on Brickell, a 44-story condominium tower in the Brickell area, topped off on Monday. The project, developed by Rilea Group and MDR Toledo, is 97 percent under contract. Nichols Brosch Wurst Wolfe…
Foreign Investment in U.S. Real Estate Assets to Hit Record High
The wave of foreign capital flowing into U.S. real estate is poised for a record-setting year. “We have strong inbound capital that we believe will see the U.S. exceed the previous peak of 2007 by year-end,” says Lucy Fletcher, vice president of international capital group and capital markets with real estate services firm JLL. As of mid-year…