New Player Enters Downtown Miami Monopoly Board Game
A Flagler Street retail asset has traded for more than $550 per square foot.
Firm Tapped To Market Iconic Miami Hotel Property
The property is proximate to some of Miami’s most recognizable attractions, including Bayside, American Airlines Arena, Miami Tower, Port of Miami and Mary Brickell Village.
Citigroup Renews 125,000-SF Lease at Miami Center
Global banking and financial services corporation Citibank signed a 15-year lease for 123,263 square feet in the Miami Center office building at 201 S. Biscayne Blvd. in Miami, FL. The 34-story building totals 786,267 square feet of 4-Star office space on 5.4 acres in the Downtown Miami submarket…
IMC Purchases The Shoppes of Tamiami East for $15.9M
Gemini Real Estate Advisors LLC sold The Shoppes of Tamiami shopping center located at 14138-14150 SW 8th St. for $15.9 million, or approximately $283 per square foot, to IMC Property Management & Maintenance. Delivered in 2004, the 56,204- square feet shopping center is located in western Miami…
Doral Hotel Sells for $15.9M
Baywood Hotels sold the Las Palmas Hotel & Suites at 8436 NW 36th St. in Doral, FL for $15.9 million, or about $154,000 per room, to Schulte Hospitality Group. The 45,158-square-foot, 103-room hotel was built in 1990 and renovated in 2006. The four-story property features a swimming pool…
Palm Square Sold for $17.6M
Bar Invest Group acquired the Palm Square shopping center at 9801- 9965 Pines Blvd. in Pembroke Pines, FL from Pebb Enterprises for $17.6 million, or about $214 per square foot. The center totals 82,063 square feet in southwest Broward County. The asset was 94 percent leased at the time of sale…
Sleeping Around: Downtown Miami Getting a Yotel, Possibly with a Luggage Robot
A Kuwaiti real estate company called AQARAT and Miami’s Aria Development Group have submitted plans for a 45 story combo hotel and residential tower smack dab in the middle of Downtown. The hotel will be a Yotel Hotel, a funky chain known for its small but high-tech rooms…
Mana Downtown Mania: Moishe Mana’s Early Downtown Miami Plans Are Lookin’ Good
Downtown Miami
In its mysterious, totally non-transparent way The Next Miami has scored an early video with renderings “produced by associates of Mana” of developer Moishe Mana’s plans for his many properties in Downtown Miami focused around Flagler Street. What’s revealed is obviously not a full look at the…
The Top Ten Issues Affecting Real Estate Right Now
The impact of retiring Baby Boomers and the rise of the Millennial generation – will likely have the most significant impact on real estate near- and long-term.
Developer of big residential and commercial project in North Miami Beach seeks partner
The owner of the largest development-ready site in North Miami Beach is looking for a partner as it prepares plans for up to 2,300 residential units and 2.5 million square feet of commercial space. Moore 77 LLC, managed by Jacob Elharar, paid $17 million in June 2014 for the former TECO Gas site at 15780 West Dixie Highway. Along with…
Miami Worldcenter Developers Adding 10,000
Miami Worldcenter is already making a measurable economic impact. Find out what happened in Overtown this week.
Related Closes $137M Loan for Doral Project
“This will be a game changer for Doral,” says Steve Patterson, president of Related Development.