Commercial Real Estate News Roundup For February 11, 2015
A devastating year for retail, a New England match made in multifamily heaven, European markets heat up, and “green industry” takes on a whole new meaning. It’s all here in the Commercial Real Estate News Roundup for February 11, 2015.
S&P Increases Miami Bond Rating To A+ Due To Strong Economy
The ratings increase will reduce the City’s future costs by strengthening the City’s position on potential future financings, other financial contract negotiations, and future public private partnerships. CLICK ON THE HEADLINE FORE MORE…
South Florida’s Vagabond Motel, Mai-Kai Restaurant on National Register of Historic Places… and more
1. South Florida’s Vagabond Motel, Mai-Kai Restaurant on National Register of Historic Places [Miami Herald]2. Hollywood founder’s spectacular mansion is $2.19M [Curbed Miami]3. Miami Beach could get two new hotels plus one hotel expansion…
Will Fashion Mall in Plantation be put up for auction?
The Chapter 7 bankruptcy trustee for debtors of the long-vacant Fashion Mall in Plantation has filed a motion to conduct an auction of the property with an initial, or “stalking horse,” bid of $24 million.
“This property has been …
Coming soon: TRD’s South Florida Market Report & Broward County Showcase
The Real Deal South Florida is following up on the smashing success of its October publication and Miami event with a spring South Florida Market Report and showcase dedicated to the booming Broward County real estate market.
Airport office park gets new name, renovations
The Hines Airport Corporate Center, which was purchased by CBRE Global in October for an undisclosed amount, is getting a new name, along with other renovations. CBRE Global announced Tuesday that the newly titled The Landing at MIA will receive $17 million in upgrades…
Miami City Commission will discuss proposed changes to historic designation
The Miami City Commission will take up legislation on Thursday that would restrict who can request the historic designation of properties. Right now, virtually anyone can ask the city to designate a building historic. Anyone owning a home declared historic by the city must…
Colliers International splits from parent company
Colliers International is planning to break free from its Canadian parent company FirstService Corp. The Seattle-based commercial brokerage is looking to focus on acquisitions and expansion in the commercial property market, Bloomberg…
Prive developers file $225M lawsuit against neighbors
Nearly a month after developers of Privé at Island Estates, a condo project in Aventura, filed a $200 million lawsuit against the city of Aventura, developers filed a se…
Donald Trump wants to manage Key Biscayne golf course
Donald Trump wants a piece of Key Biscayne’s public golf course, according to a published report.
Trump’s organization submitted an unsolicited proposal to Miami-Dade County last fall to take over management of Crandon Park’s golf course and in…
James Royal Palm for sale, but too pricey for Peebles
The James Royal Palm is being marketed, and its sale price could set a new record in South Florida, developer Don Peebles told The Real Deal. Peebles, who built the Miami Beach hotel and later sold it, told TRD he recen…
Taylor & Mathis Nabs Four TOBY Awards
Real estate firm Taylor & Mathis of Florida reports it has won four “The Office Building of the Year” awards from the Miami-Dade chapter of the Building Owners and Managers Association….
Miami Hasn’t Seen This in 20 Years
The Plaza Group closed a $98 million construction loan for this project in Nov. 2013. Get the latest updates on this significant venture….