New York investors buy Aventura Corporate Center for $105M
The Aventura Corporate Center has sold to a New York-based group of investors for $105.28 million, or $417 per square foot. ACC/GP Development LLC and ACC/GP Investment LLC sold the property, which includes three Class A office buildings and three parking garages on…
Build it big and they will come
Next year, Triple Five is aiming to wrap up its American Dream Meadowlands in New Jersey. From the National Retail Market Report: The era of the traditional shopping mall may be coming to an end, but that doesn’t mean developers are giving up on large-scale retail developments.
Central Florida Real Estate Firm Expands, Opens Miami Office
The firm is in an enviable position to strategically market and lease available space, as well as new planned shopping destinations. The post Central Florida Real Estate Firm Expands, Opens Miami Office appeared first on CRE-sources | South Florida Commercial Real…
Urban Land Institute To Host Fifth Annual Florida Summit June 9-10 In Miami
Internationally acclaimed urban theorist Richard Florida will open this year’s two-day conference with the keynote address on Thursday, June 9.
RWNK & Co.’s Scarpino Negotiates Sale Of Cypress Creek Office Building
William Kahn, an office leasing specialist with NAI Rauch Weaver Norfleet Kurtz & Co., will be responsible for the leasing of the property for the new owner.
Whelchel Partners Announces 10-Year Medical Lease Deal
Jay Whelchel and Kristy Hartofilis with Whelchel Partners Real Estate Services represented the landlord in the lease deal.
HFF Closes Sale Of 300,000-SF Mixed-Use Center For $86 Million
AEW Capital Management, L.P. purchased the asset.
SBE Entertainment to Acquire Boutique Hotel Owner Operator Morgans Hotel Group
Morgans Hotel Group, the owner of the trendy Delano Hotel in South Beach, the Hudson Hotel in New York City and the Clift Hotel in San Francisco which has put itself or its hotels up for sale multiple times in the past five years, has found a buyer in Sam Nazarian’s SBE Entertainment. SBE agreed…
Lenders Tighten CRE Borrowing Standards
Bank and CMBS loan originators tightened their lending standards for all types of commercial real estate loans during the first quarter, a marked reversal from the previous few years. A significant number of U.S. banks reported tightening standards for construction and land development loans and…
Stadium Renovations for Miami Dolphins ‘Currently on Schedule’
Will the stadium be ready on August 25? Eyes surely started to roll when news trickled out a few weeks ago of the Miami Dolphins being behind schedule with stadium renovations, potentially forcing preseason games and the start of the Miami Hurricanes’ football season to be hosted elsewhere.
Billionaire Lists Faena House Unit for $18.5M
Leon Black purchased the unit for $16.5 million Billionaire businessman Leon Black is looking to flip his five-bedroom residence at Faena House for $18.5 million, reports Bloomberg: The company that runs Black’s family office bought the unit for $16.5 million in September, according…
Report: David Beckham’s MLS Miami Dream Hits Another ‘Snag’
Hurdle after hurdle If David Beckham’s plan for an MLS franchise in Miami ever comes to fruition the stadium should forever be dubbed Snag Stadium, because they’ve hit another one. Beckham “balked at some of the terms Miami-Dade wants in exchange for a county-owned parcel,” reports the Miami Herald…
Hibiscus Island Stunner Featuring Hot Tub With Fire Pit Asks $100K in Rent
Loaded with luxury features A magnificent 6,700-square-foot contemporary on Hibiscus Island just listed for rent asking $100,000 a month. Located on the northwestern tip of the island, the six-bedroom home offers the typical…
Betsy-South Beach Expansion Underway, Includes New Rooftop Pool
The Betsy-South Beach recently announced a plan for renovation on their website, describing it as “a careful expansion of The Betsy, preserving our commitment to a high level of intimate, personalized service while adding facilities that will meaningfully…
Bernard Zyscovich’s New Plan Z 2.0 for Rickenbacker Causeway is Visionary
Beautiful Architect Bernard Zyscovich initially unveiled a plan to convert the Rickenbacker Causeway into a “scenic road through a park” a couple of summers ago, but it included dropping the number of driving lanes from three to two. As the Miami New Times shows, Zyscovich’s Plan Z 2.0 is far more…
Secondary Market Multifamily Opportunities: The New Normal
Watching the commercial property markets at the national level is tough: trends in one corner of a region need to be placed into context with trends in others in order to form a coherent national picture. National players such as Fannie and Freddie (the GSEs) have…
What Do All These Metrics and Opinions Mean To South Florida Real Estate? Are We Fearful?
What happens next? Things are going to change, and the appropriate measure to take advantage of that change is to be prepared.
Dezer, Perez, Galbut and their next gen on Miami real estate: panel
Michael Dezer, Gil Dezer, Russell Galbut, Keith Menin, Jorge Pérez, Jon Paul Pérez, Jessica Goldman and Seth BrowarnikFor Jon Paul Pérez, a typical Saturday growing up was touring rental properties with his dad, Related Group Chairman and CEO Jorge Pérez. “I never t…”
Urban Land Institute To Host Fifth Annual Florida Summit June 9-10 In Miami
Internationally acclaimed urban theorist Richard Florida will open this year’s two-day conference with the keynote address on Thursday, June 9.
Whelchel Partners Announces 10-Year Medical Lease Deal
Jay Whelchel and Kristy Hartofilis with Whelchel Partners Real Estate Services represented the landlord in the lease deal.
Aventura Corproate Center Sold for $105.3M
Renaissance Aventura LLC acquired the Aventura Corporate Center at 20801-20807 Biscayne Blvd. in Aventura, FL from ACC/GP Development LLC and ACC/GP Investment LLC. The corporate park consists of one six-story and two five-story office buildings totaling 252,244 square feet of 4-Star office space…