Brickell Flatiron: 24-hour pour moves 50 million pounds of concrete
General contractor Moss & Associates completed a 24-hour continuous concrete pour for the foundation of Brickell Flatiron, paving the way for vertical construction of the 64-story condominium in Miami’s Brickell financial district. Moss & Associates orchestrated the 24-hour pour with nearly 150 mixing trucks that carried more than 50 million pounds of concrete to am excavated hole at the project site, 1001 South Miami Avenue. The pour, which ended around 10 p.m. Saturday…
A Complete List of Miami Coworking Spaces with Interactive Map
Below is a list of Miami, Florida (Miami-Dade county) coworking spaces. The locations of these are displayed on the accompanying interactive map above. Click through any map link to the side of its address below to access a Google map specifically for that address from which you…
Interest Rates 2016: Although Still Low, U.S. Treasury Yields Notably Spike at Year End
U.S. Treasury Yield Curve December 30, 2016 vs. December 31, 2015. Although interest rates still seem on the low side by all but the youngest players in the market, interest rates nonetheless have made a sharp upturn in recent months. Consider that 10-year yields are near a 5 year high and more than…
Brickell City Centre Reveals Largest Retailer Lineup To Date
Swire Properties Inc, cap off Brickell City Centre’s 2015 retail announcements with its largest lineup of luxury and premium retail tenants set to join the open-air shopping center under construction in the heart of Brickell. The list includes coveted luxury brands, international household names…
CAR parks are rarely well-designed. Even more rarely do they amount to “design”: something to enjoy on a purely aesthetic level. However, in Miami Beach, Florida, the car park has become not just a building type that is visually pleasing, but something else entirely: a set piece that offers architects the chance to show off. Perhaps because the city has expanded rapidly as a travel destination, its new hotels are invariably disappointing dumb citadels of glass and steel that dominate…
Condo Terminations Expected To Rise As Developers Look To Older Buildings
With little to no prime undeveloped land remaining, aging oceanfront buildings are ripe for glitzy redevelopment as developers scour the South Florida coast for opportunities.
Group Selected To Manage 200-Acre South Florida Logistics Center
CBRE was appointed by institutional investors to manage the South Florida Logistics Center, a 1,091,217-square-foot multi-building industrial project adjacent to MIA.
Little Haiti Will Be South Florida’s Hottest Neighborhood In 2017, Report Says
A report just released by real estate website Zillow predicts home values in the gentrifying area north of downtown Miami will rise 4.6 percent this year.
The first nine months of 2016 witnessed broad softening in global economic conditions. The annual rate of gross domestic product (GDP) for most developed economies was well below 2.0 percent. In response, central banks continued policies of monetary easing, some pushing short-term interest rates into negative territory. Even the United States (U.S.) Federal Reserve Bank moderated its outlook and held steady on its funds target rate.
State of the Markets
Panels give insight into South Florida, Caribbean and Latin American markets. Just in time for the turn of the year, real estate services company NAI Global held its Florida Forum at Jungle Island. One panel talked about the South Florida market, where the Miami condominium market is cooling, while…
Miami River Commission undecided about two new waterfront eateries
Plans for two new waterfront restaurants on the Miami River met resistance on Monday from the public agency overseeing development along the waterway. The Miami River Commission delayed its vote on both proposals until January 23. The first involves the River…
The most expensive condo to close last week was at the recently completed Chateau Bea…
Office Lease Up (January 9) Wells Fargo Bank Consolidating Miami Operations in Wells Fargo Center
Wells Fargo Bank has decided to consolidate its Miami operations into the 47-story Wells Fargo Center located at 333 Avenue of the Americas. In a year-end lease that qualifies as one the largest signed in Miami in 2016, the bank signed a long-term renewal for the 96,656 square feet of office space…
In this video, Lisa Pendergast, Executive Director of the CRE Finance Council, discusses the topic of the potential effects rising interest rates on commercial real estate. She notes that 10 year rates have increased in recent weeks by 50 basis points, then goes on to make estimates for mortgage…
Miami’s Largest Office Building officially off the market.
Amancio Ortega -the world’s second-richest man according to Forbes. Founder of over 7000 ‘Zara’ stores in the world wide since 1975. With over $10 Billion worth of properties in his portfolio one might start to wonder how to spend it. What do you even buy for the man that has it all?
Latest trends in Downtown Real Estate Market
The latest results from the Miami Downtown Development Authority‘s ongoing residential market research are in and the findings may spell good news for renters. A new report surveying development in and around Miami’s urban core found that nearly 90 percent of the new residential units built this…
A New Waterfront Luxury Condominium Will Rise in Brickell
Great news for those who were waiting for a new luxury tower with unobstructed water views in Brickell… A condominium building of 11 floors will be demolished to make way for a 48-story residential tower. Miami Waterfront Ventures LLC, a division of OKO Group, paid just under $48 million for the…