Downtown Miami
Rumormongering: Is Brickell’s Biggest Hole Getting Miami’s Tallest Building?
The Chinese consortium that bought the former Capital Brickell Place site, which has been sitting empty for years and as of right now is the biggest open hole in the ground in Brickell, is claiming on its website that they are building the tallest building in Miami there, according to The Next Miami…
300-foot-tall convention center hotel proposed for Miami Beach
Portman Holdings unveiled its plans on Thursday to build a 300-foot tall, 800-room convention center hotel on top of the Fillmore Miami Beach’s parking lot by November 2018 — if, that is, it’s approved…
Florida’s Recovering Banking and Financial Services Industry
As the banking and finance sector continues recovering from the Great Recession, there’s been a shift in recent leasing activity with banks and financial services seeking reductions in their office and retail footprints, according to a new JLL report. JLL’s 2015 North American Banking…
PortMiami and Port Everglades rank in Top 15 for shipping by CBRE
CBRE considers PortMiami and Port Everglades among the Top 15 ports in North America for cargo logistics. In its first annual “North America Ports Logistics Annual Report”, the brokerage firm evaluated the ports based on their infrastructure and the surrounding real estate market. All but two ports in the Top 15 are in the United States.
Retail space in downtown Miami condo sold for $27M
Market Reports: Miami is the 8th Most Expensive Metro to Rent, Unsurprisngly
According to real estate rental listing site Zumper, Miami is the eighth most expensive metro area in the United States to rent, with median rents at $1,800 a month. This figure includes all the listings that Zumper tracks, which admittedly is only a slice of the picture and might not…
Owner of commercial buildings in Fort Lauderdale files Chapter 11
A Chapter 11 filing by the owners of two commercial buildings in Fort Lauderdale has stalled a foreclosure auction with taxpayer dollars at stake. Davie-based Regent Bank previously won foreclosure judgments of $2.1 million and $304,250 against MJ Investment Holdings, Sixth Street Plaza and managing member Maria J. Freeman.
Buena Vista Homeowners Object to Replacing These Three Blah Houses With a Sculpture Garden
Some Buena Vista East homeowners aren’t too happy about the encroachment of the new Institute of Contemporary Art on their neighborhood, a symbol of the perceived expansion of the Design District into the historic residential area. At yesterday’s Planning, Zoning, and Appeals…
North Miami Beach apartments sold for $21.5M
Wynwood Art District Photos: From industrial center to hipster haven
When visitors come to Miami’s Wynwood neighborhood, they may come for the shops, they may come for the coffee or the bread or the beer. But before the shops and food, there was the graffiti, acres of it lining the walls of the neighborhood.
Pinecrest Shopping Center Trades For $32 Million
The 96,075-square-foot shopping plaza that sits on a 5.2-acre lot last sold in 2005 for $21.5 million.
Ram, Pinnacle announce plans for former Hollywood mobile home park
Ram Realty Services and Pinnacle Housing Group announced plans to build a luxury rental community and a 6-acre public park in Broward. The development will replace an existing mobile home park that sits on 21 acres in Hollywood. Sheridan Station will be the first large…
Nakash family takes out $17M mortgage for Setai units
The Nakash family, which purchased the Setai Hotel for $90 million in December, has just taken out a $17 million mortgage on nine units from the building’s condo portion. Nakash Holdings, Joseph Nakash, Ralph Nakash and several LLCs obtained a mortgage from…
D.R. Horton picks up 12.5 acres in Broward for $6M
41National homebuilder D.R. Horton bought 12.5 acres in Oakland Park, Broward County records show. Eastside Village Lofts sold two vacant lots along North Dixie Highway for $5.9 million, according to a deed recorded Thursday. Scott Brenner…
North Miami Beach apartment portfolio sells for $28M
Three apartment complexes in North Miami Beach sold for $28 million, according to Miami-Dade County records.
The acquisition was carved out of a portfolio of nearly 700 rental units, listing agent Roy Faith of FIP Realty told The Real Deal…
Downtown Miami condo supply can weather looming bear market, experts say
Two months after Miami’s Downtown Development Authority released a report signaling a slowdown in the downtown condo market, its author told The Real Deal that there’s enough buyer demand to keep up with the current inventory of units until the latter part of 2016.
Institute of Contemporary Art, Miami faces criticism
Rendering of the Institute of Contemporary Art Miami, designed by Madrid-based Aranguren & Gallegos Arquitectos
The Institute of Contemporary Art, Miami’s plans for a new 37,500 square-foot-home and 15,000 square-foot adjoining sculpture garden in the Design District is being met with stiff…
The X Factor for Distressed Condo Investors
Will it be business as usual for distressed bulk condo investors in the face of these factors or will it deter savvy players from entering the market?
Bills Spell Bad News for Bulk Condo Investors
Pending legislation before Florida lawmakers could dissuade bulk condo investors from betting on distressed assets. Find out what you need to know…
Chief Executive Magazine Lists Florida as 2nd Best State for Business
Check out this list. Chief Executive magazine (published since 1977) is the definitive source that CEOs turn to for insight and ideas that help increase their effectiveness and grow their business. Chief Executive Group also produces e-newsletters and online content at chiefexecutive.net and manages…