Feb 02, 2015 - 0 Comments - Top Stories -

February 2, 2015 Miami Commerical Property Related Headlines

ph05Condos and garage proposed above historic Biscayne Boulevard church, tour the 10 Frank Lloyd Wright buildings nominated as UNESCO World Heritage sites…and more

“Floating” parking garage, 352 residential units, proposed above historic Biscayne Boulevard church
1. “Floating” parking garage, 352 residential units, proposed above historic Biscayne Boulevard church [The Next Miami]2. Tour the 10 Frank Lloyd Wright buildings nominated as …

Construction contracts up by $3.4B in 2014, report shows

Construction in Midtown Miami
Construction contracts in South Florida are up — significantly, according to a report released Thursday.
From 2013 to 2014, there was an overall 52 percent increase in construction contracts awarded in the tri-county area, a difference of about $3.4 billion. That …

PHOTOS: On the scene at ribbon cutting of 55 Miracle Mile

A private equity asset management firm unveiled $1 million-worth of improvements to its 55 Miracle Mile property at a ribbon-cutting ceremony Wednesday.
City of Miami and Coral Gables officials, along with M…

FAA approves Met Square’s lofty height

Met Square rendering
The Federal Aviation Administration has given its final approval to MDM Development’s planned Met Square condo project, saying the tower does not pose a hazard to air navigation.
Met Square in downtown Miami was one of four proposed Miami-Dade County projects that recently…

County to invest $74M in Liberty Square public housing

Liberty Square Housing Projects
Liberty Square, one of Miami’s oldest and most dangerous public housing projects, may be getting a hardcore makeover.
Miami-Dade County is piecing together $74 million in public funds so Liberty Square can be demolished and rebuilt as a $200 million pr…

Edward Redlich Selected As Commercial Realtor Of The Year

The ComReal Companies are proud to announce that Edward Redlich has been selected as the “2015 Commercial Realtor of the Year” by the Realtor Commercial Alliance (RCA) of Miami.
RCA Miami is one of the largest commercial Realtor organizations in the country with approximately 1,700 acti…

South Beach rental transaction volume and rates rise in 2014

Peter Zalewski of CondoVultures
Question: What are the current rental market conditions in the South Beach neighborhood of Miami Beach?
South Beach — known for its hip culture, extensive dining options and legendary nightlife — is traditionally one of the top choices for existing an…

Flagler Station building sells for $11.25M

Flagler Station
A building at Flagler Station, South Florida’s largest business park, has traded hands for the second time in six months.
Vero Beach-based Dunnagall Partners paid $11.25 million for the industrial building at 10325 Northwest 112th Avenue in Northwest Miami-Dade. The seller…

GA Telesis leases warehouse space near Miami International Airport

Airport East Distribution Center
Fort Lauderdale-based aerospace firm GA Telesis is leasing 96,389 square feet at Miami’s Airport East Distribution Center, according to Cushman & Wakefield, which handled the deal.
The Airport East Distribution Center location — GA Telesis’ four…

Community activists push for better wages at Miami Worldcenter site

Community forum at St. John Institutional Baptist Church
A coalition of pastors, labor organizers and community activists vowed on Thursday to push for higher wages and permanent jobs from the developers of the massive $1.06-billion Miami Worldcenter development.
The multi-use project will be built …

Marina Palms tops off first tower in North Miami Beach

Marina Palms Yacht Club & Residences first tower and Plaza Group president Neil Fairman
Marina Palms Yacht Club & Residences in North Miami Beach celebrated the topping off of its first of two luxury condominium towers Friday.
Marina Palms will be the first luxury condo development with a ya…

Old Warehouse Space Still in Demand

MIAMI– Terranova and Blackrock acquired this industrial facility in September 2013 and have seen occupancy rise 31% in the past year….

Iconic Miami Beach Buildings Getting Makeover

MIAMI–“The historic architecture of Miami Beach is what defines the city’s spirit.”…

Coral Gables Office, Garage Goes for $14 Million

Read on…

GrayRobinson Annual Revenue, Profit Per Partner Up 2%

The Florida law firm generates $142 million in revenue, with growth driven by improvement in its real estate and financial services practices.     …

Commercial Real Estate News Roundup For January 29, 2015

Using events to anchor a co-workspace, using Chinese developers to pull towers out of San Fran ground, and using zingy jargon when consulting to convenience retail on how to sell more stuff — it’s all here in today’s Commercial Real Estat…

Donald Trump deemed deserving of a key to Doral, clerical error put BofA on wrong end of foreclosure case…and more

Donald Trump and Trump National Doral
1. Donald Trump deemed deserving of a key to Doral [Miami Herald]2. A clerical error put Bank of America on wrong end of foreclosure case Daily Business Review]3. MIA to get new Colombia and Mexico routes in June [Sun Sentinel]4. This is Renzo Piano’s desi…

Biscayne Fairholme museum and headquarters on hold

Rendering for 2626 Biscayne Boulevard
Plans for the windowless, pyramid-like design of the Fairholme Funds museum and headquarters on Biscayne Boulevard remain exactly that since Fairholme president revealed them in September.
Representatives from Fairholme haven’t been in touch with…

Gale boutique hotel and condos announced for Fort Lauderdale

Rendering of Gale Boutique Hotel & Residences in Fort Lauderdale
Newgard Development Group and Menin Hospitality announced their newest project on Friday —  Gale Boutique Hotel & Residences in Fort Lauderdale.
Both companies, along with Fort Lauderdale investor Dev Motwani&rs…

Developers and investors turning to Little Havana

Frank Rodriguez Melo, CEO of Melo Real Estate
Developers and investors are now reportedly turning to neighboring Little Havana for opportunities.
Melo Real Estate recently negotiated the $5.3 million sale of six multi-family properties in Little Havana, which comes out to $56,000 per …

Biscayne Landing project moves forward with construction approval

Biscayne Landing and Michael Tillman
The North Miami City Council streamlined the construction approval process for Oleta Partners’ Biscayne Landing project at a meeting on Tuesday.
Council members agreed to amend the city’s code and conditional use permit, which will expedite the develo…

Aloft and Element hotels in Doral marketed for sale

Aloft Miami at 3265 Northwest 107th Avenue
Aloft Miami and the nearly completed Element hotel in Doral are being marketed for sale, CBRE Hotels announced Thursday.
The two hotels, located on nearly five acres at 3265 to 3285 Northwest 107th Avenue, are in an area once known for industrial …

Sunbeam TV affiliate buys North Bay Village office building

1400 79 Street Causeway in North Bay Village and Edmund Ansin
A waterfront office building in North Bay Village traded for more than double its last sale in 2012.
Coral Gables-based Cofe Properties sold the 2.7-acre property for $13.8 million to Sunbeam Properties. Miami Beach-based Sunbeam Pro…