New York investors buy Aventura Corporate Center for $105M

The Aventura Corporate Center has sold to a New York-based group of investors for $105.28 million, or $417 per square foot.  ACC/GP Development LLC and ACC/GP Investment LLC sold the property, which includes three Class A office buildings and three parking garages on…

Build it big and they will come

Next year, Triple Five is aiming to wrap up its American Dream Meadowlands in New Jersey.  From the National Retail Market Report: The era of the traditional shopping mall may be coming to an end, but that doesn’t mean developers are giving up on large-scale retail developments.

Central Florida Real Estate Firm Expands, Opens Miami Office

The firm is in an enviable position to strategically market and lease available space, as well as new planned shopping destinations. The post Central Florida Real Estate Firm Expands, Opens Miami Office appeared first on CRE-sources | South Florida Commercial Real…

Urban Land Institute To Host Fifth Annual Florida Summit June 9-10 In Miami

Internationally acclaimed urban theorist Richard Florida will open this year’s two-day conference with the keynote address on Thursday, June 9.

RWNK & Co.’s Scarpino Negotiates Sale Of Cypress Creek Office Building

William Kahn, an office leasing specialist with NAI Rauch Weaver Norfleet Kurtz & Co., will be responsible for the leasing of the property for the new owner.

Whelchel Partners Announces 10-Year Medical Lease Deal

Jay Whelchel and Kristy Hartofilis with Whelchel Partners Real Estate Services represented the landlord in the lease deal.

HFF Closes Sale Of 300,000-SF Mixed-Use Center For $86 Million

AEW Capital Management, L.P. purchased the asset.

SBE Entertainment to Acquire Boutique Hotel Owner Operator Morgans Hotel Group

Morgans Hotel Group, the owner of the trendy Delano Hotel in South Beach, the Hudson Hotel in New York City and the Clift Hotel in San Francisco which has put itself or its hotels up for sale multiple times in the past five years, has found a buyer in Sam Nazarian’s SBE Entertainment.  SBE agreed…

Lenders Tighten CRE Borrowing Standards

Bank and CMBS loan originators tightened their lending standards for all types of commercial real estate loans during the first quarter, a marked reversal from the previous few years.  A significant number of U.S. banks reported tightening standards for construction and land development loans and…

Stadium Renovations for Miami Dolphins ‘Currently on Schedule’

Will the stadium be ready on August 25? Eyes surely started to roll when news trickled out a few weeks ago of the Miami Dolphins being behind schedule with stadium renovations, potentially forcing preseason games and the start of the Miami Hurricanes’ football season to be hosted elsewhere.

Billionaire Lists Faena House Unit for $18.5M

Leon Black purchased the unit for $16.5 million Billionaire businessman Leon Black is looking to flip his five-bedroom residence at Faena House for $18.5 million, reports Bloomberg:  The company that runs Black’s family office bought the unit for $16.5 million in September, according…

Report: David Beckham’s MLS Miami Dream Hits Another ‘Snag’

Hurdle after hurdle If David Beckham’s plan for an MLS franchise in Miami ever comes to fruition the stadium should forever be dubbed Snag Stadium, because they’ve hit another one.  Beckham “balked at some of the terms Miami-Dade wants in exchange for a county-owned parcel,” reports the Miami Herald…

Hibiscus Island Stunner Featuring Hot Tub With Fire Pit Asks $100K in Rent

Loaded with luxury features A magnificent 6,700-square-foot contemporary on Hibiscus Island just listed for rent asking $100,000 a month.  Located on the northwestern tip of the island, the six-bedroom home offers the typical…

Betsy-South Beach Expansion Underway, Includes New Rooftop Pool

The Betsy-South Beach recently announced a plan for renovation on their website, describing it as “a careful expansion of The Betsy, preserving our commitment to a high level of intimate, personalized service while adding facilities that will meaningfully…

Bernard Zyscovich’s New Plan Z 2.0 for Rickenbacker Causeway is Visionary

Beautiful Architect Bernard Zyscovich initially unveiled a plan to convert the Rickenbacker Causeway into a “scenic road through a park” a couple of summers ago, but it included dropping the number of driving lanes from three to two.  As the Miami New Times shows, Zyscovich’s Plan Z 2.0 is far more…

Secondary Market Multifamily Opportunities: The New Normal

Watching the commercial property markets at the national level is tough: trends in one corner of a region need to be placed into context with trends in others in order to form a coherent national picture. National players such as Fannie and Freddie (the GSEs) have…

What Do All These Metrics and Opinions Mean To South Florida Real Estate? Are We Fearful?

What happens next? Things are going to change, and the appropriate measure to take advantage of that change is to be prepared.

Dezer, Perez, Galbut and their next gen on Miami real estate: panel

Michael Dezer, Gil Dezer, Russell Galbut, Keith Menin, Jorge Pérez, Jon Paul Pérez, Jessica Goldman and Seth BrowarnikFor Jon Paul Pérez, a typical Saturday growing up was touring rental properties with his dad, Related Group Chairman and CEO Jorge Pérez.  “I never t…”

Urban Land Institute To Host Fifth Annual Florida Summit June 9-10 In Miami

Internationally acclaimed urban theorist Richard Florida will open this year’s two-day conference with the keynote address on Thursday, June 9.

Whelchel Partners Announces 10-Year Medical Lease Deal

Jay Whelchel and Kristy Hartofilis with Whelchel Partners Real Estate Services represented the landlord in the lease deal.

Aventura Corproate Center Sold for $105.3M

Renaissance Aventura LLC acquired the Aventura Corporate Center at 20801-20807 Biscayne Blvd. in Aventura, FL from ACC/GP Development LLC and ACC/GP Investment LLC.  The corporate park consists of one six-story and two five-story office buildings totaling 252,244 square feet of 4-Star office space…

Joint Venture Secures $60M Refinancing for Brickell City Tower

A joint venture that includes Crock Partners, LLC, Independencia Asset Management and Banyan Street Capital secured a $60.8 million refinancing for its Brickell City Tower office building at 80 SW 8th Street in Miami.
Square Mile Capital Management LLC originated the entire loan for the office building…

Sagamore Hotel In Miami Beach Sells For $63 Million

A joint venture of Fort Lauderdale-based InSite Group and New York-based EL Group purchased the 93-room Sagamore Hotel at 1671 Collins Ave. in Miami Beach from Sagamore Partners, LTD for $63 million, or about $677,419 per room.  The five-story hotel at Collins Avenue and 16th street acquired by the…

Leasing Assignment Awarded for Doral Office Property

The new owners of a 210,000-square-foot office complex formerly known as Doral Court have named Cushman & Wakefield the exclusive leasing agent.  Cushman announced that Director Gordon Messinger was awarded the leasing assignment for the two-building office complex located at 8600 NW 36th St…

Clarion Partners Acquires Miami Beach Ground Lease for $109 Million

HQ Capital Real Estate and the City of Miami Beach sold a 1.76-acre ground lease at 1691 Michigan Ave. for $109.25 million, occupied by an office and specialty building.  A Class A seven-story building called The Lincoln occupies the site, consisting of five stories of office space, street-level…

Attend the Transportation Trust Meetings on May 12

The meeting agendas include an presentations on the recently-adopted SMART (Strategic Miami Area Rapid Transit) plan that proposes to advance six rapid transit corridors, along with a network system of bus express rapid transit (BERT) service, in order to implement mass transit projects in Miami-Dade…

Miami’s Bayfront Park: Then and Now

It’s amazing to look at how much the Downtown Miami park has evolved over the years and also absorb the explosive transformation along its neighbor street of Biscayne Boulevard over the last decade — it’s staggering, as you’ll notice in…

Survey: CRE Lending Trends

The NAR Commercial annual report Commercial Real Estate Lending Trends 2016 is now available for free download. The 31-page overview of the national commercial property markets includes a great many leading and trailing indicators that situate the commercial property markets in the wider economy.

May 2016 Florida Real Estate Case Law Updates

By: Daniel T. Pascale, Managing Partner Jordan Pascale, P.L.  Hayes v. Norman Harris Services, Inc., 41 Fla. L. Weekly D293.  Trial Court Must Hear Homestead Arguments to Stay Execution of Judgment.  Background: Mortgagors filed motion to vacate consent judgment and motion to stay writ of execution and vacate sheriff’s levy…

Miami’s 10 Largest Rental Developments Completed In 2015, Revealed

To keep up with the higher housing demand, developers are putting all efforts into designing and building fabulous rental projects – fit for a seemingly fabulous city.

Mater Academy pays $8.5M for failed youth-offender building in Cutler Bay

The Mater Academy Foundation just paid $8.5 million for a compound that housed Cutler Bay’s Bay Point Schools youth-offender program, which was shuttered seven years ago amid reports of violent incidents and escapees.
County records show the deals include a six-building

Business Park Near MIA Trades For $16.6 Million

The deal includes four industrial buildings totaling roughly 178,521 square feet.

CIASF Panelists: CRE Is Heating Up In Miami’s Urban Core

Miami’s urban core markets generated $1.2 billion in retail property sales last year, according to a recent CIASF commercial real estate report.

25,230 SF Doral Industrial Lease Deal Brokered

The deal brings Prologis Beacon Centre Building 17, a 224,527 square foot building within the Class “A” industrial business park, to 100% occupied.

Foreign Capital Continues to Drive Biggest U.S. CRE Investments

Far from losing steam, foreign investors in the last few weeks seem to have stepped up their U.S. real estate investment game in the wake of several new mega-deals, while others have announced they intend to do so after a sluggish start to the year.  The breaking news this week is that Saudi Arabia…

Study: Brickell is Miami’s ‘Hottest Street’

Miami is becoming a buyer’s market Here are a bunch of informative charts by OpenHouse illustrating a few things exclusive to Miami, such as how fast homes have been selling, whether they’ve been going over or under ask, and generally how Miami is becoming a buyer’s market.  They also concluded that…

Miami Industrial Real Estate Market Report First Quarter 2016

2016 commences with strong activity in Miami’s industrial real estate market. The average lease rate has increased to $9.24 per sq. ft. and the average vacancy rate has decreased to 4.5%. The largest lease transaction of the 1st quarter was Amazon.com’s deal for the entire Building #5…

Yield Curve Quarterly Snapshot – 2016 Q1

At the end of the 1st quarter of 2016, U.S. Treasury yields, on a nominal basis, were essentially unchanged for maturities of one year or less, but around 30 basis points or so lower for virtually all maturities in excess of this. On a real basis, yields were around 30 to 60 basis points lower for all maturities from 5 years…

Lennar and Codina pay $96 million for White Course in Doral

Stuart Miller’s Lennar Corp. and Armando Codina’s CC Homes have closed on the purchase of the White Course in Doral, paying a total of about $96 million to acquire the golf course with plans for redevelopment. The two developers…

TIAA Purchases The Edge at Flagler Village for $114.4M

Houston, TX-based multifamily builder The Morgan Group, Inc. sold The Edge at Flagler Village apartment complex at 475 N. Federal Hwy in Fort Lauderdale, FL to TIAA for almost $114.4 million, or approximately $346,000 per unit.  The 332-unit, 388,144-square-foot mulitfamily community delivered in…

Report: Genting ‘Considering’ Sale of Former Miami Herald Site

Rendering of “Resorts World Miami” After repetitive unsuccessful attempts at bringing a casino to the waterfront site that once housed the Miami Herald, Malaysian conglomerate Genting Group is “at the very least considering a sale,” reports the Miami Herald.  An anonymous source told the paper…

Law Firm Relocates, Takes 11,300 Square Feet In Coral Gables

The intellectual property and patent law firm will be relocating from 355 Alhambra Circle. The post Law Firm Relocates, Takes 11,300 Square Feet In Coral Gables…

Leasing Team Head Chosen For Doral Court Redevelopment

Banyan Street Capital and DRA Advisors LLC intend to reposition the site as a mixed-use development.

Firm Tapped To Market Doral Office Building

The offering includes a two-story, 79,271-square-foot office building situated on a 1.73-acre lot and an additional 1.84-acre site/surface parking lot directly across the street.

Jacaranda Plaza Sold for $29.3M

Epic Real Estate Partners LLC acquired the Jacaranda Plaza shopping center at 8101-8151 W. Sunrise Blvd. in Plantation, FL from Ram Realty Services for $29.3 million, or about $169 per square foot.  The 173,024-square-foot, Publix-anchored retail center was built in 1974 on 16.2 acres in Broward County…

Berkshire Lauderdale by the Sea Sold for $78M

The Berkshire Group, a Boston-based investment management firm, purchased the Berkshire Lauderdale by the Sea apartments at 2400 NE 65th St. in Fort Lauderdale, FL from The Related Group of Florida for $78.5 million, or approximately $297,000 per unit.  The 264-unit, 401,925-square-foot rental…

Tour the 3 Superyachts at Fisher Island: Double Down, Cocktails, and Petrus II

Superyachting A trio of superyachts are currently docked at the marina on Fisher Island.  Let’s take a quick tour of Double Down, Cocktails, and Petrus II, three luxurious vessels chilling at Miami Beach’s most exclusive island.

Three Hundred Collins Receives Loan, Unveils New Penthouse Rendering

Update on the luxurious South of Fifth boutique condo JMH Development announced the receipt of a $26-million construction loan from StonegateBank to finance Three Hundred Collins, which broke ground in South Beach in late February.  The 19-unit boutique condo designed by the acclaimed Thomas…

Genting Looking To Sell Former Miami Herald Property According To Prospective Buyer

The Malaysian casino giant bought the 14-acre property in 2011 for $236 million with plans of building a casino resort.

Interest Rates: Yield Curve Quarterly Snapshot

At the end of the 1st quarter of 2016, U.S. Treasury yields, on a nominal basis, were essentially unchanged for maturities of one year or less, but around 30 basis points or so lower for virtually all maturities in excess of this. On a real basis, yields were around 30 to 60 basis points lower for all maturities from 5 years to 40.

A Color Coded Map of Vacant Land Sales PSF in Miami-Dade

Above is a color coded chart of vacant land sales per square foot (view per acre here) in Miami-Dade for the 2 years ending October 31, 2015. This was prepared using data from Costar, and only includes sales over $1 million. Click the full screen icon in the upper right to open this is a new window complete with a legend showing the dollar…

Has the Apartment Market Hit the Inflection Point?

For the last few years, the multifamily asset class has been the top performer of all property types, delivering a per-unit revenue (market rent x occupancy) growth rate of 4.8 percent in 2015. Some markets clearly outperformed others. These included Portland, Ore., San Francisco, Oakland, Calif. and Sacramento, Calif., all of which…

Land Sales PSF by Miami 21 Zoning Code

What land is worth, or more frequently, what the land under an existing structure is worth, is a common topic that comes up in the discussion of commercial real estate. Each parcel is, of course, unique. One variable that can be considered, however, is zoning.

Company Tapped To Market Doral Office Building

The offering includes a two-story, 79,271-square-foot office building situated on a 1.73-acre lot and an additional 1.84-acre site/surface parking lot directly across the street.

PS Business Parks Signs Aviation Company To 21,000 Square Feet

Rich Guertin, Regional Manager and Juan Mazuera, Associate Leasing Director represented the Landlord in the deal.

Stiles Signals Leadership Changes

Fort Lauderdale, FL-based developer Stiles announced several changes in its top ranks as part of the firm’s executive leadership succession plan.  The company has appointed Ken Stiles to serve as co-CEO, working alongside his father, Chairman and CEO Terry Stiles. The younger Stiles joined the…

Stress In The Retail Sector Appears As Bankruptcies Grow

This month’s statistics from the American Bankruptcy Institute show a significant climb in commercial bankruptcy filings. 9,208 businesses are reported to have filed for bankruptcy protection in the first three months of 2016, up from 7,483 such filings 1Q 2015, making a year-over-year…

National Refinance Roundup

Quarter to quarter, week to week, day to day, the price of capital fluctuates. The changing cost of money has a lot of say in what’s possible for any given commercial real estate development, so getting indebtedness exactly right is an essential, foundational job.

Homestead Park of Commerce Welcomes Dunham Bush

Ed Redlich and Chris Spear with ComReal Miami have successfully sold 14.7 acres in the Homestead Park of Commerce in Homestead, Florida. The seller was Homestead Park, LLC represented by ComReal and the new owner is Dunham-Bush USA, LLC who was represented by Grove Properties.

Brickell City Centre sells nearly $500M in condos

Swire Properties, developer of the Brickell City Centre mega-project, just announced condo sales at the project have reached nearly half a billion dollars.  The announcement is a major milestone for the $1.05 billion project, which broke ground in 2012 and is aiming to finish its…

Giralda Place in Coral Gables scores $25M construction loan

The developers of a mixed-use project in downtown Coral Gables closed on a $25 million construction loan, records show.  Giralda Place, a 33-unit development at 2222 Ponce de Leon Boulevard, broke ground earlier this month. The developer, Giralda PB LLC…

Downtown Miami Expected To Be America’s Fourth Fastest-Growing Neighborhood Over Next Five Years

A new report from Realtor.com looked at projections of job creation, household formation, new construction and expected growth nationwide.

Stiles Takes Major Steps in Executive Leadership Succession Plan

Ken Stiles and Scott MacLaren Appointed Co-CEO and President, Respectively; Doug Eagon Transitions to Vice Chairman.

Forman Capital, Trez Capital Launch New Lending Group

Forman Capital LLC, a Boynton Beach, Florida-based direct lender to middle-market commercial real estate clients, and Trez Capital Group LP, one of Canada’s largest private, short-term bridge loan lenders, have together launched Trez Forman Capital Group LP.  Trez Forman will focus on expanding a…

Somehow Miami Ranked 11th Nationally in Transit

Most Miami residents have “public transit” among their biggest complaints.  Yet, according to research by AllTransit, the Magic City ranks 11th in the nation in transit among cities with a population of over 250,000, receiving a “Performance Score” of 8.6 (out of 10).

Blackstone now owns more than $100B in real estate

The Blackstone Group’s real estate division passed the $100 billion mark in assets under management in the first quarter, while its earnings recovered slightly from a dip at the end of 2015.  The fund manager earned $457.2 million in…

Going long on the human economy

From the April issue: What keeps that permanent smile on the face of Ryan Shear? Some might say it’s his low-key upbringing in Miami’s Coconut Grove. But it could also be the collection of humble beginnings and a focused awareness of current trends that has helped him become…

An inside look at Wynwood’s boom: report

Wynwood is arguably one of the fastest changing Miami neighborhoods in recent years, and a new Florida International University report shows how the historically working class and industrial area has become an arts district dominated by the middle class.  From 2000 to

Spider reveals “25” condo tower in Edgewater

Edgewater is getting another condo tower.  Spider expects to break ground on “25,” a 93-unit condo tower on Northeast 25th Street, by the end of 2016, a spokesperson confirmed to The Real Deal.  Spider Principal Andres Goldenberg “25” will sit on…

13,000 SF Found for Sign Supply Company

Timothy Merriman, Jr. negotiated the five-year deal on behalf of the tenant.

First Tenant Landed at Airport North Logistics Park, Inks 106,000-SF Lease Deal

Wayne Ramoski and Gian Rodriguez with Cushman & Wakefield, along with Juan Ruiz with Blanca Commercial Real Estate negotiated the deal.

Florida CCIM Chapter Honors New Miami-Dade/Monroe County CCIM Designees

Carlos A. Diez and Dessiree Kane were among 149 industry professionals who recently earned the CCIM designation.

Triarch Capital Acquires Doral Costa Office Park

TA Realty sold the three-building Doral Costa Office Park at 9800-9850 NW 41st St.and 4090 NW 97th Ave. in Miami, FL to Triarch Capital Group LLC for $73.75 million, or approximately $259 per square foot.  Delivered in 2001, the class A office buildings total 291,140 square feet on 17.8 acres in …

Neutralogistics Leases 106,000 SF in Medley

Neutralogistics Distribution LLC, a full-service logistics company specializing in freight management, imports, exports, trucking, warehousing distribution and brokerage, negotiated a five-year lease for 105,920 square feet in the industrial facility at 8502 NW 80th St. in Medley, FL.

Inside Look: The Surf Club’s Joseph Dirand-Designed Cabanas

The Four Seasons Surf Club Hotel and Residences is undergoing a makeover. The development will feature new hotel rooms and residences in addition to a tropical oceanfront cabana collection designed by Joseph Dirand, pictured down below, via Wallpaper…

Increased Costs Shifting South Florida Apartment Construction

At the Miami Finance Forum’s recent panel discussion regarding the current status of South Florida commercial real estate, panelist commercial developers stated they are responding to strong tenant demand across all sectors. While all agree that the South Florida commercial real estate market…

Clarion pays $109M for commercial building lease off Lincoln Road

Clarion Partners paid $109.25 million in cash for the ground lease of the Lincoln, a mixed-use office and retail building off of Lincoln Road in Miami Beach, records show. The owners, a public/private partnership between the city of Miami Beach and New York-based Real Estate Capital Partners, listed the property, sans asking price…

Chinese developer gets approval for 18-story condo in Miami Beach

The first major project by a Chinese developer on Miami Beach got a vote of approval on Tuesday from the Miami Beach Historic Preservation Board, which unanimously approved two variances allowing the project to proceed. China City Construction (CCCC Miami Beach LLC) plans to build an 18-story tower with 42 residences…

Biscayne 27 Inks Utilities Deal For 330 Apartment Units

The developer behind the proposed Biscayne 27 project signed an agreement with Dade’s Water and Sewer Department.  According to the documents, 330 apartment units will be connected at 2710 Biscayne Boulevard, replacing the previous plan to build the Ion condo project there.  Barbara Salk (formerly of Ion) signed…

CushWake acquires Miami-based property management firm Gibson Realty

The commercial real estate giant acquired Gibson Realty Group, a Miami-based property management firm with more than 4.1 million square feet in its portfolio. The acquisition elevates Cushman & Wakefield to handle more than 30 million…

Lawsuits allege developers performed shoddy construction work on Trump Towers in Sunny Isles Beach

There’s major trouble brewing over dozens of alleged construction defects at the Trump Towers I, II, and III in Sunny Isles Beach.  In three separate lawsuits filed in Miami-Dade Circuit Court last week, the master condo association for the three buildings alleges that garages, facades and pool decks need extensive…

C&W Acquires CRE Management Firm, Portfolio Of More Than 4.1 Million SF

The acquisition places Cushman & Wakefield as the No. 3 property management firm in Florida.

Miami Beach Seeks to End ‘Floatopia’

Mayor: “The disruption… will NOT be tolerated” The thousands of rafts flooding Miami Beach for Floatopia this past weekend might’ve seen their last ride.  The disruption to our beaches, residents and visitors caused by Floatopia will NOT be tolerated,” Miami Beach Mayor Phillip Levine wrote on his…

Report: Downtown Miami Among Fastest-Growing Neighborhoods in U.S.

Coming in at No. 4 Miami was recognized in a Realtor report naming the Top 10 Boom Towns Across America, with Downtown Miami coming in at No. 4 with a projected five-year household growth of about 14.9 percent.  “Sure, Miami is hot: Hot weather, hot nightlife, hot housing. But compared with South Beach…

Miller: Miami’s High-End Buyers Showing More Discretion

High-end buyers are pausing Miller Samuel President Jonathan Miller (@JonathanMiller) unleashed the latest Elliman Report, covering the first quarter of 2016 in wake of late 2015’s inevitable downshift in Miami’s housing market.  Let’s take an abbreviated look at the numbers and analysis of Miami Beach…

Mapping the 10 Hottest Hotels in Miami Beach

With another lovely South Florida winter in the rearview, let’s take a look at the movers and shakers in the Miami Beach hotel scene.  We mapped the city’s top ten hotels, according to Trip Advisor reviews. Are you surprised by some?

6080 Collins Avenue Beach House to Break Ground Next Week

With 65 percent under contract 6080 Collins Avenue Beach House will break ground this Monday with 65 percent under contract.  The 70 units at the six-story boutique condo-hotel development in Mid-Beach are comprised of large studios and one-bedroom suites, with units starting at $267,000.

Urban Land Institute Report: Active Transportation And Real Estate

The most recent report from the Urban Land Institute (ULI) does a great job exploring the dependencies and interconnections between the growth of real estate value and the provision of active transportation options, e.g. walking and bicycling.  A collection of case…

Fed Beige Book: General Increase In CRE Activity

Yesterday, the latest edition of the eight-times-annually published Federal Reserve Beige Book arrived (or, as the kids say, dropped). What lies within its muted brown pages and cream-tone cover*?  Good news for the state of the commercial real estate industry.

FIU, Miami Dade Youth Fair Continues Battle Over Land

Sixty-four acres of Miami-Dade’s Tamiami Park, the planned site of a new engineering center, is at the heart of a dispute between the University and the Miami-Dade Youth Fair.

eMerge Welcomes Guests with Iconic Opening Reception

Last night was a buzz at the opening reception for the 3rd annual eMerge conference located at the iconic 1111 Lincoln Road garage. The attendees enjoyed food, drinks and music, but the real discussion centered on the provocative content scheduled over the next two days. Some examples include…

Asian real estate group to hold luxury summit in Miami

In another sign of South Florida’s strengthening ties to China, the Asian Real Estate Association of America has selected Miami as the host city for its 2017 Global Luxury Summit next April…

Lawsuits allege developers performed shoddy construction work on Trump Towers in Sunny Isles Beach

There’s major trouble brewing over dozens of alleged construction defects at the Trump Towers I, II, and III in Sunny Isles Beach.  In three separate lawsuits filed in Miami-Dade Circuit Court last week, the master condo association for the three buildings alleges…

Mexican congressman spent millions on luxury condos in South Florida

On the heels of the “Panama Papers” investigation, a new report shows an official of Mexico’s teachers’ union and his relatives went on a condo spending spree starting in 2004, dropping $6.3 million on 11 condos at the former Espirito Santo Plaza in the Brickell…

Mixed-Use Square Station Planned for Downtown Miami

Months after Melody Tower topped off Months after Melody Tower topped off in Downtown Miami and Melo Group has announced another large mixed-use project nearby called Square Station.  It will include 34-story twin towers comprised of 710 residential units, over 900 parking spaces, and 15,000 square foot…

JV Refinances Brickell City Tower

The Brickell City Tower ownership group of Banyan Street Capital, Crocker Partners LLC and Independencia Asset Management LLC have secured a $60.8 million whole loan to refinance its Miami office tower at 80 SW 8th St. in the Brickell submarket.  Square Mile Capital Management LLC originated the…

Firm Tapped To Lease Coral Gables Office Tower

The 108,858-square-foot office tower has 20,579 square feet available for lease.  The post C&W’s Gordon Messinger Tapped To Lease Coral Gables Office Tower…

Office Building Planned Near Aventura

The site currently has an auto repair shop. The post Office Building Planned Near Aventura appeared first…

Kimco Parts Ways With $299 Million To Buy Out South Florida Shopping Centers JV Partner

Kimco has relieved its joint-venture partner of the remaining 45-percent ownership interest in two South Florida shopping centers.

Easton & Associates Recapitalizes South Florida Industrial Portfolio

Invesco Advisors, Inc. acquired a 90-percent interest in a portfolio of seven industrial properties with Easton & Associates for $98 million, or approximately $145 per square foot.  The sale consisted of four buildings within the Miami’s Lakes Corporate Park, one at the Beacon Centre, one in…

FAA Rulemaking Update On Drones

In order to continue to influence the discussion in Washington, DC about the real estate industry’s use of drones for photography and survey of property, the National Association of REALTORS® recently participated in the Federal Aviation Administration…

The Sky is the Limit

Miami’s ever-changing skyline is set for its biggest upgrade yet. With the Federal Aviation Administration’s recent decision to allow buildings in Miami to reach a height of 1,049 feet above sea level, One Brickell City Centre is expected to surpass the Four Seasons Hotel and Tower to be…