Feb 02, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate Related News for January 29, 2015

ph33Amazon.com Warehouse in Miami Florida

Amazon.com Warehouse at 1900 NW 132nd Place in Miami, FloridaIn the Summer of 2014, Amazon.com leased their Miami warehouse located at 1900 NW 132nd Place aka the Miami International Distribution Center located within the Pan American West Business Park in Miami. The free-standing, class A building …

NAI Miami Negotiates Five-Year Lease For Pure Barre

Brandon Weiss and Josh Rodstein have completed over 5 transactions for Pure Barre throughout the state of Florida in the last year. CLICK ON THE HEADLINE FOR MORE…

Mooyah to enter Florida with Miami location…and more

Case-Shiller index shows more softening of home prices in South Florida
1. Case-Shiller index shows more softening of home prices [Sun Sentinel]2. Mooyah to enter Florida’s “better-burger” fray with Miami location [South Florida Business Journal]3. Scott pledges support for Evergla…

JLL closes 324K-sqft industrial lease in Miramar

Countyline Business Center
In the largest industrial lease signed in South Florida so far this year, JLL said it has just completed a 324,000-square-foot lease in Miramar with an existing tenant, Floor and Decor Outlets of America.
The property, Countyline Business Center in Miramar, is owned by Ind…

FPL sells vacant downtown Miami lot for $21M

Vacant lot at 201 Southwest Second Avenue in Miami
Florida Power & Light sold a vacant lot in downtown Miami for $21 million last week.
FPL sold the 2.2-acre site to Miami Bridge Lot Ventures, a partnership between Ytech International and Miami investor Carlos Mattos, according to a news re…

Miami Beach mayor fights to ban gaming in proposed convention center hotel

Miami Beach Convention Center rendering
Miami Beach Mayor Philip Levine made it known on Monday that he does not want the hotel developer or operator for a proposed Miami Beach Convention Center hotel to be involved with any gaming operations now — or ever.
“The city of Miami Beach …

Landmark Fort Lauderdale tower receives $58M loan

Las Olas City Centre at 401 East Las Olas Boulevard in Fort Lauderdale
JPMorgan received a $58 million mortgage for its prime downtown Fort Lauderdale office tower.
Teachers Insurance and Annuity Association of America is the lender on the mortgage for Las Olas City Centre, a 15-story Class A office…

O Residences prepares Bay Harbor site for waterfront condo project

Rendering of O Residences, Claudio Stivelman and Marc Schmulian
S2 Development and its joint venture partners BH-LK Investment Group said Tuesday they have begun demolition for their 41-unit waterfront condo project in Bay Harbor.
Aventura-based S2 developers Claudio Stivelman and Marc Schmulian tol…

Fort Lauderdale office building sells for $8.5M

1801 West Spectrum Boulevard
A Dallas-based real estate company sold a Fort Lauderdale office building for $8.5 million last week.
Flotrix Inc. sold the nearly 6-acre property through RM Realty Group to a Georgia limited liability company. CBRE represented the seller.
Citrix Systems, …

South Florida condo market braces as Russia’s credit rating downgraded

Sunny Isles Beach (inset: Peter Zalewski)
Condo developers who are relying on foreign buyers to purchase a significant number of the more than 41,000 new units proposed for South Florida during this cycle were stung with more bad news on Monday.
Less than two weeks after central bank monetary maneuv…

Coconut Creek apartment complex sells for $62M

Community pool at 5401 Wiles Road in Coconut Creek
A Boca Raton-based developer sold an apartment complex for $61.8 million in Coconut Creek.
Altman Companies, a developer that specializes in apartment complexes, sold its 270-unit community to an affiliate of Farmers Insurance company on Jan. 16, Br…

Slew of Little Havana Multifamily Units Sell

MIAMI–With so much activity in Downtown Miami, some developers and investors are turning to nearby Little Havana for opportunities….

Two-Part, $11 Million Deal Creates New Home for Towing Company

Using a 1031 exchange transaction to save on taxes, Miami’s Downtown Towing is expanding its operations and moving to larger quarters.     …

$27.5M Settlement Reached in Fontainebleau Las Vegas Bankruptcy

U.S. Bankruptcy Judge A. Jay Cristol signed a settlement that ends litigation brought by the trustee against Jeffrey Soffer and his family’s Turnberry companies.     …

Acre in Miami’s Wynwood Sells for $7 Million

A New York investor extends its substantial Wynwood holdings at $138 per square foot.     …

Shops at Bottom of Continuum Sell for $18.2 Million

Read on…

International Companies Drawn to This Office Complex

MIAMI–Waterford at Blue Lagoon is seeing massive leasing traction, and one 88,000-square-foot building is about to be completely vacant. Find out how Taylor & Mathis is maneuvering the office landscape….