Oct 09, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News October 9, 2015

Moishe Mana Passes Go, Collects Three More Flagler Street Properties

The NY/Israeli businessman drops another $8,191,500.

North Miami Beach Strip Club to be Redeveloped into Mixed-Use Project

CK Holding Group and Prive Land Banking have partnered to purchase the retail building at 2355 NE Sunny Isles Blvd. in North Miami Beach, FL from ADR Partners, Inc. for $23.5 million, or about $2,100 per square foot.  Located on the northeast corner of U.S. 1 and Biscayne Blvd., facing 163rd Street…

JLL Assigned to Lease New 1.6M-SF Turnpike 1 Business Park

A new industrial and business park is planned for Homestead, FL comprising 1.6 million square feet.  GBX Capital, a real estate and development group out of Sao Paulo, Brazil, has retained JLL to exclusively lease the new development, named Turnpike 1 Business Park.  The Miami-based JLL team…

Franklin Street Financial Hires Jesmer

Lisa Jesmer has joined Miami, FL-based Franklin Street Financial Partners as vice president of management services with the firm’s expanding office and industrial services division. In her new role, Jesmer will be responsible for securing new management contracts and developing client relationships…

The Elysee Has Official Federal Aviation Administration Approval

When a building’s so high, you need the Federal Aviation Administration (FAA) to approve your plan, you know it’s exciting. FAA officials have given the green light to Elysee Residences, a 649-foot,57-story luxury condo being developed by Two Roads Development in East…

Filling A Personal Hunger: Historic Church to Become Grocery

Architect August Geiger’s 1926 neoclassical First Church of Christ Scientist could find salvation as a supermarket. Owner of the property, Fifteen 1836 Biscayne LLC, has obtained city review board approval to reuse the church as a commercial property.  While the church…

WeWork Inks Lease For Entire Security Building In Downtown Miami

In conjunction with the improvements on Flagler, the 15-year, 96,575-square-foot lease is another indicator and positive step in the right direction for downtown Miami.

Developer nabs $19M loan for Pompano community

The development site at 400 Northeast 33rd Street in Pompano Beach.  A Georgia-based developer just scored $19 million in construction financing for a new affordable housing community in Pompano Beach, records show.  Work began Friday on the Residences at Crystal Lake, a planned 92-unit townhome commun…

Swire’s residential plans for Brickell Key pass first reading

 

Miami city commissioners have endorsed a new ordinance that will allow Swire Properties to develop the last vacant parcel on Brickell Key as a residential property with up to 668 units.  The ordinance, which got its first reading at a commission hearing late…

Nautilus hotel to reopen in Miami Beach after two years of renovations

 

After more than two years of top-to-bottom renovations, meticulous restorations and a management change, Nautilus South Beach reopens to guests on Oct. 15.  Sixty Hotels owner Jason Pomeranc, whose company manages the hotel at 1825 Collins Ave., told the Business Journal that the multimillion-dollar improvements have…