Developer of American Dream Miami mega-mall struggles to finish one in NJ
The developer of the massive American Dream Miami shopping mall missed a target date to raise construction financing to finish building another mall development in New Jersey. Developer Don Ghermezian expected in December to raise $2.7 billion to finish construction of the half-built American Dream shopping mall on a 90-acre site in the Meadowlands area of northeastern New Jersey. But construction work at the mall site has been suspended. A spokesman for Triple Five last week told WNYC News…
12 Tenants Fill 82,000 SF At Miami International Commerce Center
Miami International Commerce Center’s overall leasing portfolio now stands at 99% occupancy, the highest leasing occupancy level at the park in recent years.
Forcing developers to build workforce and affordable housing is a bad idea, panelists say
When it comes to addressing the affordable housing crisis in Miami-Dade County, community land trusts, increasing surtax funding for workforce units, rent-to-own programs and expanding the density of multifamily properties are good ways to start tackling the problem. But forcing developers to set aside a small percentage of their projects to be sold or rented at affordable rates is a terrible idea, according to a trio of real estate professionals at a Greater Miami Chamber of Commerce panel discussion on Thursday.
Miami Beach is getting a Trader Joe’s in 2018
Miami’s second Trader Joe’s The Miami Beach grocery shopping scene is about to get very crowded. A Trader Joe’s is coming to South Beach in the latter half of 2018, according to The Real Deal, giving Miami-Dade County its second store. The first opened in Pinecrest a few years ago and, judging…
Commercial Real Estate Indicators Signal Robust 2017 Across South Florida
Commercial real estate experts are saying that the year-end surges in the office, industrial and retail sectors foreshadow future economic growth.
Reduction In Business Rent Tax Part Of Gov. Scott’s 2017 Tax Cut Plan
If enacted, the proposal would reduce a business’ rent tax by 25 percent in 2018.
Miami Marine Stadium May Tap Into Foreign Investments Cash
The city’s EB-5 regional center has decided that the stadium restoration deserves a preliminary designation as an eligible EB-5 project.
Steven Marks, Managing Director of Fitch Ratings, discuss the current state of multifamily real estate investment trusts (REITs) on the Commercial Real Estate Show.