Editor’s Note: Overnight we added a couple of new sources for Miami area commercial real estate related content, and thus have some older posts linked here as we catch up to those new sources’ posts. In any case, it makes for a good review of the recent past.
Swire Properties to introduce the first “Climate Ribbon” in the world
Topping the $1 billion mixed-use Brickell City Centre, will be a 150,000-square-foot climate ribbon — an enormous overhead trellis made of steel, glass and fabric. It will cover the walkway of the shopping center, where there are open-air shops, escalators, restaurants and terraces.
Capital At Brickell Site Sold To Chinese Investors For $75M and Will Be Redesigned
$ 74.74 million paid the buyer, who is CCC International USA LLC, a subsidiary of multinational China City Construction of Beijing and American Da Tang Group in New York. The plot of 2.78 acres had been approved for a special use permit to allow the construction of twin towers in 1.3 million square …
Florida: The new third most populated state after California and Texas.
Florida has overtaken New York and has become the third most populous US state. For its warm climate, Florida is a place where seniors in northern U.S.A and Canada decide to retire or spend the fall / winter seasons and has become not only one of the favorite destinations of South American migrants …
Executive immigration action could benefit Real Estate market
President Barack Obama’s recent executive action, designed to reform the immigration system, could help increase the rate of real estate development in Miami. One of the initiatives calls for the modernization of programs that aim to promote the inward investment and entrepreneurship, said He…
Met Square including a plaza and gallery to display historic findings.
The developers of the fourth phase of the Metropolitan Miami: Met Square, presented a plan that will include a permanent exhibition of prehistoric circles believed to be foundations for Tequesta dwellings around 2000 years ago in addition to elements of the modern history of Miami like parts of the …
$124 Million funding the construction of Echo Brickell
The luxury mega project that began construction this week got nearly $124 million to finance the rising of the 60-story and 190 unit tower from Canyon Capital Realty Advisors. Developers of Echo Brickell, Property Markets Group, claim that the purpose of this development is to achieve spectacular ul…
Related Group unveils purchase of 1400 Biscayne Boulevard
One of the most talked-about latest acquisitions in Miami’s Real Estate world is the deal closed between the Spanish firm Espacio and Miami based residential construction giants: The Related Group. The property just traded is located at 1400 Biscayne Boulevard, where i…
In A Unanimous Vote, Commissioners Say Yes To Miami Worldcenter
Miami commissioners voted last night to approve zoning modifications and a development agreement that will allow the Miami Worldcenter project to move forward. Commissioners spent hours listening to public comment and debating the changes, which revised approvals granted to the developers project in…
Real Estate Trend: Stylish Interior Design Collaborations
The opening earlier this year of Mybrickell, designed by Karim Rashid in collaboration with Arquitectonica, was more significant than most of the party attendees probably realized. Not only because it was one of the first condo towers in Miami to be completed in years, but because it is sign of the …
Analysis of “Biscayne Line”: The future Baywalk of Edgewater
The Related group is campaigning for the creation of a pedestrian baywalk that would include the coast of Biscayne Bay through Edgewater. The Great Hall called Biscayne Line include trees, benches,art, parks and would be a completely public destination that imply a breakthrough in urban development …
Airport Corporate Center Gets New Name, New Look
A $17 million capital improvement program is underway at the premier office park.
Miami-Dade County’s P3 Approach to Courthouse Project
Last week, Bilzin Sumberg hosted a two-day conference of national and international P3 experts, including representatives from various state and county…
Sunny Isles Ritz reveals nude beach-facing floorplans, reservations are being converted to contracts at César Pelli’s Residences by Armani Casa
1. Sunny Isles Ritz reveals nude beach-facing floorplans[Curbed Miami]2. reservations are being converted to contracts at César Pelli’s Residences by Armani Casa [The Next Miami]3. Toll Brothers nearly sold out at Azura home development near Boca Raton…
Hyatt Centric South Beach to open in April
Hyatt Hotels is launching its new Hyatt Centric brand in April, and one of the first two hotels is opening in South Beach. Hyatt Centric South Beach Miami, at 1600 Collins Avenue, was designed by Kobi Karp and developed by Robert Finvarb Companies.
Grand Venetian condo owner sues management firm
A condo owner of The Grand Venetian in Miami Beach filed a lawsuit on Thursday against the luxury tower’s management company, citing negligence that resulted in a $2.2 million assessment.
Murray Felder’s suit charges that FirstServ…
SunTrust building at 777 Brickell sells for $140M
A private South American investment group purchased the SunTrust Bank building at 777 Brickell Avenue for $140 million, CBRE Capital Markets announced Thursday.
The 13-story office building has 288,485 square feet and is attached by walkway to an adjacent five-story parking …
DDA plans to narrow and beautify Biscayne Boulevard
The Miami Downtown Development Authority is moving forward with a beautification project that aims to narrow a section of Biscayne Boulevard. The proposed Biscayne Green would remove up to two lanes from a stretch of Biscayne …
Reports: SoFla leads state in cash sales…and more
Florida’s foreclosure inventory on the decline but still leading with the most completed foreclosures in 2014, CoreLogic. Florida ranked second in declines of year-over-year foreclosure inventory, with a drop of 48.6 percent. Despite the decline, Florid…
County Commission to vote on incentives for Miami River project
Renderings of River Landing project and developer Andy Hellinger
UPDATED 5:30 p.m.: The committee is recommending $7.5 million for the project instead of the requested $12 million because the Economic Development Fund only has $15 million left. River Landing has agreed to split the fund wi…
Neighboring Broward shopping centers sell for $34M
A Fort Lauderdale-based real estate company sold a piece of its Coral Springs and Margate retail portfolio for nearly $34 million this week. Coral Landings Joint Venture, which is affiliated with the real estate company Stiles, sold two neighboring shopping center…
Miami Beach to change convention center process
After Hunt Construction Company formally withdrew its bid for the $500 million renovation and expansion of the Miami Beach Convention Center last month, Miami Beach is changing its contractor process.
Hunt dropped its bid in January, leaving Miami…
Developers Hit Residents With $225M Lawsuit
After filing a $200 million lawsuit in January against the City of Aventura and gaining support from the local community earlier this month, the developers of Privé are making this battle more personal….
Judge Rules Fashion Mall Must Be Sold at Auction
U.S. Bankruptcy Judge John Olson rejected a plan to convert Fashion Mall’s owner from a Chapter 7 bankruptcy to a Chapter 11 reorganization.