The Miami Beach Convention Center isn’t living up to its potential, says Jack Portman, vice chairman of the company developing the property’s headquarters hotel. Its frequent events clog up roadways during the day, and to the disappointment of the city’s hoteliers, thousands of convention goers typically get back on the road to drive…
Terreno Realty buys Miami Industrial Trade Center for $17M
An affiliate of national industrial property investor Terreno Realty Corp. bought Miami Industrial Trade Center in Medley for $17.25 million. The Realty Associates Fund VII, managed by Boston-based TA Realty, sold the 154,560-square-foot warehouse at 8455 N.W. 74th St. to Terreno MITC, an affiliate of San Francisco-based Terreno…
Miami site could be rezoned for 232 units and commercial space
A site on the north side of Miami could be rezoned into a mixed-use project with apartments and commercial space. Five groups own a collective 2.27 acres at 460-540 N.E. 82nd Terrance and 421-505 N.E. 82nd St., which is just west of Biscayne Boulevard. It currently has small-scale apartment buildings and duplexes.
ADD Inc. And Lender Take Action Against River Landing Developer Over Unpaid Bills
River Landing is in foreclosure, and the developer owes millions to lenders and architects. Architect ADD Inc. filed a lien late last month claiming that $1.1 million worth of architectural work remains unpaid, out of a total of about $3 million billed. ADD’s Jon Cardello signed the lien. Last week, lender Eastwatch Holdings filed a foreclosure…
Skyrise Miami is close to a deal for a county grant
The Skyrise Miami development advanced as Miami-Dade County Mayor Carlos Gimenez disclosed that little negotiation is needed to reach agreement on the terms of a $9 million county grant for the mixed-use development, which would feature a 1,000-foot observation tower.
Miami poised to create transportation trust
It’s been talked about for months, and today (9/10) Miami city commissioners are to consider the first of two votes to create a transportation trust fund. Sponsored by Commissioner Francis Suarez, the trust is proposed to help fund public transit and other transportation-related projects, with…
Related to pre-sell 3 Brickell towers as year begins
The Related Group aims to start pre-sales on One Brickell, its three-tower megaproject in the heart of Brickell, at the beginning of next year. Despite a recent “notice of presumed hazard” sent to the development group by the Federal Aviation Administration regarding the project’s…
More Than 19,000 SF In Leases Closed At Merrill Industrial Center
Berger Commercial’s Judy Dolan negotiated the deals on behalf of the landlord.
Inside the Frost Museum of Science’s Living Core, on Video
Now that the museum’s Coconut Grove home has closed, the Frost Museum of Science can focus its efforts on finishing the new Museum Park location, which at least a few Curbed commenters have pointed out the seemingly endless construction of. At least one of the…
Beach Convention Center Redo Breaking Ground in October
The massive renovations of the Miami Beach Convention Center, a project which was originally awarded to Mr. The King of Architecture Rem Koolhaas but then ripped out of his cold, cerebral Dutch hands and given to the same firm that did it last time, Arquitectonica, in 1989, will break ground in October…
National Commercial Real Estate News Roundup For Sept. 8, 2015
Big mergers, global buyers desire one-stop-shopping, industrial pricing may be at its peak, Wal-Mart shrinking, Apple’s fresh look, booming multi-family market — and more. It’s all here at the Commercial Real Estate National News Roundup for September…
First new Faena condo tower completed in Miami Beach
The first of four planned oceanfront condo towers in the much-anticipated Faena ultra-luxury project stretching from 3200 to 3500 Collins Avenue in Miami Beach has been completed since this South Florida real estate cycle began in 2011.
Wynwood Ops Lure Ex-Related Exec
Marc Coleman previously held senior management positions at Crescent Heights and Related Group of Florida. Find out why he moved to a new firm and is focusing on a new neighborhood.