Industry News

South Beach’s Clevelander To Be Transformed Into Affordable Housing Development

The new development will transform the legendary Clevelander from its current use as a hotel and bar with outdoor entertainment until 5 a.m. into a residential development with hotel services and a high-end restaurant on its ground floor.

Flexible Office Provider Mindspace Leases 30,000 SF In Wynwood

The tenant will open the Wynwood outpost on Sept. 12.

Redrawn Boundaries May Add Affordable Housing In Allapattah

The proposed affordable housing project planned for the 18-acre city-owned lot in Allapattah could benefit from tax increment financing since its inclusion in the recently expanded Omni redevelopment agency boundaries.

Developer Proposes Workforce Housing In Miami Beach

Totaling 28,074 square feet in four stories, the project would feature 40 apartments and 24 parking spaces on the ground level underneath the building. 

Oldest Public Building In Miami Beach Gets New Life

The clubhouse, opened originally in 1916, and the annex, opened in 1937, have been restored as a single entity and now host a restaurant and meeting space.

Iconic New York Pizzeria To Open Its First Florida Location In Miami Beach

The restaurant was once hailed as “one of the more extraordinary restaurants in the country” by The New York Times.

3-Story Food Hall Planned For Aventura

The food hall, dubbed L’Isola, will include select restaurants and vendors with a varied selection of international cuisine, as well as a rooftop restaurant and cocktail lounge.

Construction Permit In Process For 289-Unit Wynwood Urby, Contractor Named

The project was first reviewed by the Wynwood Design Review Committee in April 2022.

Eco Stone Plans $35M Multifamily Project In Allapattah

The firm’s first ground-up project, Eco Landing, nabbed a $23M construction loan from Popular Bank.

Total Demolition Permit Submitted For 2000 Wynwood

A new construction permit to build a multifamily rental building was submitted in December 2022 and is still in process.

Ritz Carlton Owner Proposes 15-Story Tower, Lincoln Road Rebuild

The Historic Preservation Board is set to review the proposal on September 12.

Tricera Capital And LNDMRK Development Secure Several Exciting Tenants At Society Wynwood

The leases total nearly 14,000 square feet.

Wynwood Used To Look Like That? See Early Photos Of What Became A Hip Miami Hangout

Wynwood was a working-class neighborhood, dotted with warehouses and other industrial businesses.

Fewer CRE Loans Being Refinanced, But Lenders Find Other Ways To Work With Borrowers

The haves and have nots have emerged as commercial loans mature. For some loans on the cusp of maturing, the ability to refinance may require more cash from the borrower, especially as lending standards have tightened.

Miami Retail Leads Nation In Rent Growth As Brands, Chefs Follow The Money

Miami retail vacancy is at 3.7%, 50 basis points below the national average of 4.2%, and the city leads all major U.S. markets in rent growth, rising 11.6% year-over-year to $42.40 per SF.

Two Mixed-Use Projects Proposed In Wynwood, With Green & Wood Exteriors

Kushner and Block Capital are shown on the submittal package as the developers.

Residential Building Boom Hits Aventura

Aventura is witnessing a wave of building and infrastructure improvements as well.

Longtime Wynwood Developer Proposes New Office Project

The Doris would total 20,419 square feet, with 1,218 square feet of commercial space on the ground floor and 19,201 square feet of office space on the seven floors above it.

New Mixed-Use Project Coming To Allapattah

Groundbreaking on the project will begin in the third quarter of 2024, with a scheduled completion date at the end of 2025.

W3 Proposed In Wynwood, Painted In Red

A hearing before the Wynwood Design Review Committee is scheduled for July 18.

Fontainebleau Scores $73M Construction Loan For New Convention Center

The five-story, 50,000-square-foot facility is being erected on a 1-acre lot at 4360 Collins Avenue, just south of Fontainebleau’s condo component.

Miami-Dade County Most Competitive Rental Market In U.S.

“Developers in Florida have been busy completing new apartments. However, this is still not enough to keep up with pent-up demand, which is why Florida markets are claiming the first spots on our list,” the RentCafe report stated.

Fisher Brothers Bag $118M Loan For Wynwood Project

The 1.5-acre development site is the former Miami Rescue Mission headquarters.

The Gateway At Wynwood Lands 10K-SF Indoor Climbing Gym

The lease deal brings the retail component of The Gateway at Wynwood, which spans 25,000 square feet, to full occupancy.

13th Floor Assembles Oceanfront Miami Beach Site With $73M Buy

Combined, 13th Floor Investments’ assemblages span 1.18 acres, and is a likely target for condo development.

Eight New Tenants Set To Open On Miami Beach’s Lincoln Road Promenade

Lincoln Road also recently extended its partnership with Smorgasburg for another year. The open-air food market featuring dozens of local vendors takes place every Friday from 5:30-10:30 p.m. on Lincoln Road’s 1100 block and has become a local favorite hot spot.

Fisher Brothers Looking To Crowdfund $29M For Wynhouse Miami Development

Construction is set to be fast-tracked for a January 2025 completion date.

Wynwood Seeks New Life For Its Economic Growth Engine

Pending approval by a majority of business owners within the area, the BID is set to officially be renewed for another 10 years on Nov. 6.

Mixed-Use Building To Rise Where Wynwood And Edgewater Meet

Along with the residential uses, the building is to include 25,653 square feet of retail and 18,713 square feet of amenities.

Miami Heat Star Partners With Developer On Wynwood Project

The affordable housing project will consist of 48 studio apartments, 66 one-bedroom units and eight two-bedroom units with rents ranging from $512 to $1,756 per month.

Miami A&E District Fitness Center Slated For Redevelopment

The preliminary plans are for 430 apartments and 15,000 to 20,000 square feet of commercial space on the ground level in about 48 stories.

Is Retail The New Darling Of The CRE Industry?

There are a lot of reasons to think that it is.

New Design Submitted For 2000 Wynwood

The WDRC hearing is scheduled for June 20.

Retail Landlords Urged To Embrace Flexibility In The Face Of Bankruptcies

Rrecent bankruptcy filings from prominent big-box retailers and smaller chains, such as Bed Bath & Beyond, Buy Buy BABY, David’s Bridal, and Tuesday Morning, have sent shockwaves through the industry.

Developers Plan Apartments On Allapattah Auto Dealership Site

Development in Allapattah, a working-class neighborhood west of Wynwood, is booming in response to Miami’s increasing real estate prices over the previous three years.

Newmark Arranges $91 Million Financing Of Kushner Companies, Block Capital Group’s Wynwood 27 & 28

The Newmark team was led by Jordan Roeschlaub and Dustin Stolly, Co-Presidents of Debt & Structured Finance, along with Executive Managing Directors Christopher Kramer and Nick Scribani, as well as Senior Managing Director Danny Matz from the Miami office.

Steven Oved Buys Boutique South Beach Hotel For $15M

The hotel was built in 1939 in classic Art Deco style, and its facade was restored while it was owned by Marcelo Tenenbaum of Blue Road Development, which purchased the hotel for $1.1 million back in 2010.

Wynwood Dev Site Goes On The Block For $30M

Potential buyers can redevelop the properties into an eight-story to 12-story mixed-use project with either 108 residential units or  216 hotel rooms.

‘Skyline Of Miami Gardens.’ Formula One Museum, Hotels, Apartments Planned Near Hard Rock

Immocorp joined with The Faith Group and Azur Equities to spearhead the development.

Miami Beach South Of Fifth Projects Could Score More Density

Legislation aims to incentivize property owners to convert hotels into residential buildings.

Rishi Kapoor’s Co-Living, Micro-Unit Project In Miami Beach Scores Approval

Kapoor’s Location Ventures had planned to have three-month leases, but commissioners imposed a six-month minimum term.

ABH Developer Group Completes Development Site Assemblage In Wynwood Norte, Becomes Largest Stakeholder In The District

The firm has 13 projects ranging from 24 to 150 units in various stages of development just within the Wynwood Norte boundaries.

Multifamily May Outperform Expectations in Q2

The news is according to CoStar Group, which is basing this premise on April’s rental numbers that are showing every sign that the sector is beginning to stabilize. 

Real Estate Lending Firm To Open 8,000-SF Wynwood Office

The company opted to stay in Wynwood because the location “symbolizes the trends and growth potential of the Miami market as the neighborhood has emerged as a marquee hub for young creatives — not unlike Brooklyn and Arts District Los Angeles,” the company stated.

Moishe Mana Plans $20M+ Redevelopment Of RC Cola Plant In Wynwood

The project will include nine indoor food and beverage tenants, food trucks and 10K square feet of parks.

JV Proposes 10-Story, 115-Key Hotel In Wynwood

The proposed 10-story hotel will cost an estimated $20 million to build.

Spanish Sports Retailer Pādel Nuestro Signs Wynwood Lease

The new store is less than two miles from Wynwood Padel Club, which has eight courts, and Real Padel Miami. It will feature a demo area where enthusiasts can test gear.

Kushner, Faith Group And Immocorp Capital JV Plan Mixed-Use Apartment Project In Wynwood

A joint venture of Kushner Companies, Faith Group, and Immocorp Capital plan 325 apartments with about 20,000-25,000 square feet of retail.

Miami Beach Imposes Regulations For Fractional Ownership Homes

The fractional ownership ordinance largely targets Pacaso, a San Francisco-based tech company that allows investors to purchase as little as a one-eighth interest in second homes.

Apartment Rents Forecast To Grow 0.8% Next Year

In contrast, rents grew a relatively robust 4% this year.

Recertification Voting Continues For Miami’s Wynwood Business Improvement District

Currently, there is 600,000 square feet of commercial retail space under construction as Wynwood continues to evolve.

Kayak Miami Beach Hotel Targeted In $14M Foreclosure

The hotel includes the Layla restaurant, the Parasol snack bar and a rooftop pool.

The First Hotel In Miami’s White-Hot Wynwood Is A Temple Of Great Food, Fun Drinks And Cool Design

Reflective of its community, Arlo Wynwood will moonlight as a living canvas for a curated group of artists that spark curiosity from art connoisseurs and novices alike. Arlo Wynwood’s interiors will display more than 250 works of art from a range of artists.

Electrical Union Looks To Rezone Its Allapattah HQ For New Mixed-Use Development

The union wants to change the zoning from “T6-8-O” and “high-density residential” to “T6-12-O” and “restricted commercial.” The density would be 150 units per acre, which would equate to 275 units on a site of this size.

Multifamily Series: How Affordable Housing Is Changing

The shortage of affordable multifamily housing continues nationwide. The good news is that developers and architects are bringing solutions to the multifamily market. It’s no secret that affordable housing is in short supply. Both the single-family and multifamily market struggle to meet the need. According to the National Low Income Housing Coalition, not a single one […]

The Dorsey Mixed-Use Project Gets $165M Refi

Berkadia Managing Directors Scott Wadler, Brad Williamson, and Matt Robbins, Senior Managing Director Mitch Sinberg, and Vice President Michael Basinski of Berkadia South Florida arranged the loan on behalf of the Miami-based sponsors.

Foreclosed Wynwood Site Fetches $26M

The approved plans included 180 residential units, 70 hotel rooms and 9,508 square feet of ground-floor retail.

After Years-Long Saga, County Will Take Over Hundreds Of Miami Beach Affordable Units

Under a deal approved by the Miami-Dade Board of County Commissioners last week, the Miami Beach Community Development Corporation will transfer ownership of its 16 buildings, totaling 357 income-restricted units, to the county, which manages thousands of affordable units countywide.

Wynwood-Edgewater Mixed-Use Midrise Wins Backing

Wynwood 21 is to be home to 97 dwellings, about 3,550 square feet of restaurant, and 2,538 square feet of retail.

The Canvas Multi-Brand Platform Expands Into 5000-Square-Feet Miami Wynwood Residence

Canvas is taking over the ground floor space previously occupied by Solana Spaces.

Developers Looking To Buy Commercial Sites Due To New Legislation

The Live Local Act, which Gov. Ron DeSantis signed aims to help fill financing gaps, making more developments economically feasible. What is still crucial, attorneys and developers said, is combining that with incentives on the local level.

Commercial Real Estate Miami Beach Apartment Building Auctioned In Bankruptcy

The 29-unit apartment hotel was set up for short-term rentals.

Developer Exploring Second Co-Living Project On Miami Beach

City commissioners granted preliminary approval for zoning changes that would benefit the developer’s plans.

Sale Leaseback Cap Rates Continue To Attract Investors

This year there has been a growing return of confidence for the market.

To Ease Rent Crisis, Miami City Commission May Change Zoning Code To Allow For Communal Living Developments In Wynwood

After gaining notoriety as the center of the housing crisis in the US, Miami is looking to co-living developments to calm soaring rent prices.

Are Multifamily Prices Coming Down Soon?

Both buyers and sellers have their brakes on because many buyers can’t figure out what a property is really worth today.

Wynwood Development Gets Boost With $67 Million Construction Loan

The project has been approved for 210 apartments and 11,500 square feet of retail space.

Terra Offers $500M For Oceanfront Miami Beach Condo Building

The price averages out to $877,192 per unit.

Centner Academy Owners Assemble Land In Wynwood

The seller paid just $275,000 for the lots in 2011, marking a 16-fold price increase in 12 years. 

Mast Capital, Rockpoint Underway On Nine-Story Multifamily Project In Miami Beach

Mast Capital and Rockpoint broke ground on the development in February 2023 and plan to open the community by fall 2024.

Former Red Sox Star’s Omni New York Proposes Wynwood Apartments

Omni 21 would have 97 apartments, 5,865 square feet of retail space, 130 parking spaces, including 25 spaces for electric car charging, and 166,960 square feet of space across 11 levels.

Clearline Real Estate Reveals Plans For Apartment Project In Wynwood

Totaling 435,286 square feet in 11 stories, the building would feature 310 apartments, 9,909 square feet of commercial space and 311 parking spaces.

South Beach Hotel Could Be Seized In $7.4M Foreclosure

It’s currently called the Onu Hotel, although it’s also been known as the SoBe Hostel.

L&L, Oak Row Land New Tenants, Start Construction On 1M SF Wynwood Plaza

When it opens, which is expected to be in 2025, the Gensler-designed Wynwood Plaza will feature a 509-unit apartment building, 32K SF of retail, 6,600 SF of outdoor dining and a half-acre public plaza.

Intervest Seeks to Convert Historic Miami Beach Rental into Hotel

The Miami Beach Historic Preservation Board will hear the bid March 14.

Wynwood Business Improvement District Marks Decade Of Success

In partnership with area businesses, owners, developers and residents, working with the City of Miami, the Wynwood BID has been a significant catalyst in the neighborhood’s growth, improving quality of life, and in ongoing synergies between new investors, and existing businesses and cultural venues.

Related Group’s Nick Perez On Wynwood’s Transformation And The Future Of Development In This Burgeoning Neighborhood

Related is betting big on the future of Wynwood’s luxury residential market with NoMad Residences Wynwood, the first hospitality-infused condominium from the iconic brand, NoMad Hotels.

One-Acre Office Building Dev Site In Aventura Trades For $10 Million

The seller paid $781,800 for the land and other lots in 2019.

Tricera Capital, Related Group Announce Schonfeld Strategic Advisors Lease Expansion At Wynwood’s The Dorsey

The lease expansion brings the Dorsey’s office component to 100-percent occupancy.

Julia Tuttle Causeway May Be In Line For An Overhead Expressway

Issues to be studied include the lack of bicycle and pedestrian connectivity between Miami and Miami Beach – which could create a connection between existing bicycle lanes in Miami Beach.

AT&T Could Sell Miami Beach Site To Developer

The site plan calls for a 10-story building totaling 134,573 square feet with 96 condos, 2,192 square feet of retail and 90 parking spaces.

Gateway At Wynwood Gets $113 Million Refi

The property is leased to a diverse tenant roster including BoConcept, OpenStore and Veru.

Employment Seekers From Around US Attracted To Florida Jobs

Along with these white-collar jobs, is the demand for workers to fill blue-collar jobs.

South Beach Hotels Sell For $335 Per Room

The hotels last traded for $12.25 million in 2009, more than doubling in value. 

Rilea Pays $6M For 13K SF Warehouse Property In Wynwood, Plans More Mohawk At Wynwood Loft Apartments

In an off-market deal, Rilea bought the property from interior designer Michael Wolk, whose studio is based in one of the warehouses.

Huge Flight Of Talent & Capital To Miami Continues, Investor Says

“I like to think of Miami as a viral product with very high retention,” Abraham said, noting that his friends who had tried Miami had stayed. “I don’t know anyone who’s gone back to Silicon Valley or New York.” 

South Florida’s Allure In 2022 Made Miami-Dade’s Business Opening Among Best In U.S.

South Florida added thousands of new businesses in 2022, putting the region in the top three metropolitan areas nationwide for openings of everything from retailers to law offices.

Florida Bill Turns To Developers To Tackle Affordable Housing

A Senate proposal would provide tax breaks and eliminate rent control.

Mixed-Use Project Proposed To Replace Parking Lot In South Beach

The city’s Finance and Economic Resiliency Committee is scheduled to discuss the proposal at a January 27 meeting.

9-Story Apartment Tower Proposed Near Aventura

In order to build this project, BH Group wants the county to rezone the site from Ojus Urban Area District-Edge to Ojus Urban Area District-Center.

RFR, Tricap File Dueling Lawsuits For Control Of W South Beach

The New York real estate firms partnership has hit its breaking point over a maturing loan.

Wynwood Plaza Project Scores $215M Construction Loan

The project includes a 12-story, 266,000-square-foot office building, a 509-unit luxury rental building, 32,000 square feet of indoor and outdoor retail space, and a 26,000-square-foot public plaza.

Hotel Development At Miami Beach Convention Center To Move Forward

Vertical construction of the Grand Hyatt Miami Beach Convention Center Hotel is expected to begin later this year and completion is expected in 2025.

AIRC Buys Miami Beach Apartment Complex For $250M

Totaling 554,694 square feet, Southgate Towers was built on the 4-acre site along Biscayne Bay in 1958.

Developer Obtains $277M Construction Loan For Hotel And Condo In Miami Beach

The hotel tower will feature 56 rooms and 22 condos, while the stand-alone condo will have 41 units.

Fabel Rooftop Restaurant Opens At Robert Rivani’s Wynwood Jungle

The 254-seat venue is set across 10,000 square feet of a secured open-air, covered rooftop.

New Apartment Demand ‘All But Evaporated’

There is weak demand for all types of housing despite robust job growth and sizable wage gains.

NY Firm Sells Miami Beach Mixed-Use Building At 40% Loss

Although the deal comes as distressed sales are expected amid rising interest rates, the Collins Avenue building didn’t trade at a discount because of debt issues.

Record New Business Applications Can Fuel Miami’s Economy

Small businesses can get an SBA helping hand ranging from microloans that average $13,000 and max out at $50,000 for startups to $5 million for other types.

Chetrit Group To Transform Miami River Waterfront With 4MSF Of Residence, Office, Retail, Hospitality

When fully completed in 2026, the River District will comprise four million square feet of new development, including 1,600 residences, Class A office space, 30,000 square feet of retail, a boat marina that can accommodate 60-foot vessels, 2,000 covered parking spots and restaurants and nightlife venues.

Four Projects Coming Soon To Wynwood

The evolution of the Wynwood Arts District in Miami continues with new condos, hotels, office, and retail buildings replacing the old graffiti-decorated warehouses that once served as artist workshops, galleries, and factories.

Craig Robins’ Dacra Buys Miami Design District Portfolio For New Mixed-Use Dev

Robins’ firm Dacra, together with several partners, bought a 15-building portfolio along NE 39th Street for nearly $200 million in a deal that closed December 22, according to people familiar with the transaction. 

Turnberry Turns To Wynwood, Plans Mixed-Use Hotel Project

Aventura-based Turnberry, led by Jackie Soffer, paid $13.1 million for the properties at 127 and 135 Northwest 24th Street and 128 and 138 Northwest 25th Street.

Wynwood Norte Development Site Sells For $9 Million

The developer recently announced plans for Evolve Wynwood, a 141-unit apartment building that will offer market-rate rentals in the Wynwood neighborhood.

Wall Street Influx Continues With Miami Beach Lease of 12K SF

Tech and finance firms have been flocking to Miami Beach.

Hotels Partner To Upgrade Lincoln Road

A beautification project to improve unkempt areas on the east end of Lincoln Road between the commercial district and the beach walk is advancing with the help of the owners of the Ritz-Carlton and the Sagamore South Beach hotels, who are investing millions of dollars.

Cube Wynwd Trades For $62 Million

The sale to Brick & Timber Collective closed on Dec. 13. As part of the transaction, Tricera and LNDMRK retained an undisclosed ownership stake in Cube Wynwd.

Mixed-Use Allapattah Project Gets A City Green Light

Called Legacy 20th Street, the multi-family development will be home to 289 residential units, 3,750 square feet of retail, and 368 parking spaces, at 1400 NW 20th St.

Developer Aims To Boost Density Of Project Near Aventura Brightline Station

The project will total 318,652 square feet.

Moishe Mana Nabs $275M Credit Line For Wynwood Assemblage

The portfolio spans 17 low-rise properties in the southwest section of Wynwood, a Miami neighborhood known for its colorful murals that’s welcomed a slew of tech companies in the past two years. 

Wynwood Streetscape Plan Under City’s Microscope

The streetscape plan’s main aspects are to strengthen a sense of place, neighborhood identity through new green space and artsy aesthetics and improve the public landscaping experience.

Developers, Brokers Pursue Wealthy Art Buyers During Miami Art Week

Major real estate players, who happen to be art enthusiasts, are also hosting events that aren’t real estate related.

Bazbaz Buys Wynwood Development Site For Mixed-Use Project

The NY-based developer plans to build 229 apartments, 79 hotel rooms, plus office and retail.

Commuter Rail From Downtown Miami To Aventura Getting $103M From FDOT

The service is expected to run 5 AM to midnight, with 60 minute headways. During peak morning and afternoon weekday rush hour times, headways would be 30 minutes.

Plans Submitted For Mixed-Use 1920 Alton, Designed By Gensler

A hearing before the Miami Beach Design Review Board is scheduled December 6.

Tech, Finance And Dining Fuel Wynwood Realty

Over the past three to four years, Wynwood has been transformed thanks to vertical development.

Miami Beach Seeks Development Partner For Art Deco Apartment Building

The City would consider proposals for an office or multifamily project with workforce housing.

Brightline Says Aventura Train Service Will Begin Within Weeks, Take 17 Minutes To Downtown

New details of operations in Aventura were released

Lincoln Road Poised For Retail Revival

With 16 new-to-market retail and restaurant tenants, 12 under-development stores, and a greater foot traffic than other Miami-Dade County destinations, Lincoln Road continues to be successful and is poised to have its retail revival going.

Miami Beach Votes Down Big Real Estate Projects

Miami voters meanwhile greenlighted a major development.

Budding Urban Arts Hub Allapattah Getting Discounted Homes

Single renters would qualify if they earn $47,810 per year — 70% of Miami-Dade’s median income of $68,300 — or less.

Wynwood Site Seized In $30M Foreclosure Judgment

Gamma FL Wynwood LLC, in care of New York-based Gamma Real Estate, won the foreclosure auction in September against New York-based Wynwood Gateway II LLC based on a $23 million mortgage, plus interest and fees.

Shvo Wants To Redevelop Aging Lincoln Clock Tower Building

The tower would mark Shvo’s third office project in the city.

Aventura Condo Project Moves Forward

The plot is situated just off Biscayne Boulevard, at 2785 NE 183rd St.

School Of Whales Crowdfunding Project Will Turn Miami’s Historic Post Office Into Food Hall

While the property is currently in the final stages of planning, a number of tenant selections have already been secured and two floors fully renovated.

Three Lots Slated For Brickell Megaproject

A developer is planning three residential towers and marina on Miami River near Brickell City Centre.

The Fontainebleau Miami Beach To Add 50K SF Events Center

Plans call for two ballrooms, 10 breakout rooms and a 9,000-square-foot rooftop deck. An indoor sky bridge will connect the events center with the hotel’s Tresor Tower. 

Texas Restaurant Group Inks First Deal In Wynwood

The restaurant will lease the entire space, nearly 14,000 square feet.

Rilea Group Plans Short-Term Rental In Wynwood

The project would total 237,823 square feet in 12 stories, with 130 apartment/hotel units, 6,439 square feet of retail and 146 parking spaces.

Salvation Army Sells Wynwood Site For $526 PSF

According to an analysis of the development potential of the site by Miami-based Deepblocks, the property could be developed with 118 residential units in up to 12 stories.

Trio Of Boutique Miami Beach Hotels Sell For Combined $100M

Miami’s hospitality industry is recovering well post COVID-19. More than 24,000 tourists came to Miami-Dade County in 2021, about the same as pre-pandemic levels in 2019, according to data from the county’s tourism board. The number of Miami hotel rooms booked this summer was more or less on par with the busy winter months.

Busch Family Partners With Assouline Capital To Buy Red South Beach Hotel

Longtime owner Simon Nemni sold the 110-key hotel for $33 million, equating to $300,000 per key.

Miami Beach Looks To Expand Perks To Lure Developers To Build Cheaper Homes

The Miami Beach commission voted unanimously this week to waive a slew of fees that developers wouldn’t have to pay, if they build lower priced homes for local workers.

Miami Beach OKs Apartment Building Conversion To Boutique Hotel

The Henry Hohauser-designed building was constructed in 1939 as a 50-key hotel.

Another Wynwood Dev Site Hits The Market Asking Above $30M

Investor Joseph Cohen is looking to sell a 1-acre assemblage for $35M, weeks after Thor Equities put up a smaller site for $32M.

Michael Shvo Plans Second Miami Beach Office Project

A New York developer has proposed a development on Washington Avenue in South Beach.

The State Of Multifamily Investing In South Florida

South Florida’s apartment buildings traded at record highs in the first half of 2022.

Activists Demand Affordable Housing On Allapattah Land

Community leaders in Allapattah will call on Miami officials Thursday to incorporate affordable housing, green space and community services into a nearly 19-acre site poised for development.

South Beach Retail Property Trades For $39 Million

An investor vacant Alton Road property months after selling nearby strip to Michael Shvo

Evolve Acquires Wynwood Property, Housing Development Planned

The development sits within the northwest corner of Wynwood just off Interstate 95, near where the Design District, Model City and Allapattah meet.

Swiss Real Estate Firm Acquires Rare Development Site West Of Brickell

Empira plans to start construction of CoralGrove Brickell in the second half of 2023.

Macy’s Building On South Beach Sells For $15.5M

The building was developed on the 1.15-acre lot in 1953.

Neology Secures Construction Loan For Third Apartment Community In Miami’s Allapattah

Fourteen Allapattah Residences will consist of a 14-story building with 180 apartment units connected via a pool deck to a five-story building with 57 apartments including ground floor walk ups.

Miami Area Expected To Add 19,000 Apartments In 2022

Just two other metro areas are expected to build more apartments than Miami this year.

Miami Beach Voters Pass Referendums Approving More Density For Some, Less For Others

A ballot measure that would force developers who are building in vacated city alleyways and side streets to get voter approval to increase their projects’ floor-area ratio also passed,

Thor Equities Lists Wynwood Dev Site For $32M

The site includes five lots approved for an eight-story building with 211 rooms and nearly 32K square feet of commercial space.

Longpoint Buys Shuttered Trailer Park In Allapattah

Industrial developer acquired a nearly 6-acre site near Miami International Airport.

With Pricey Rents In Miami Beach, Developer Plans Cheaper Apartments For Local Workers

Alan Waserstein, owner of Miami Lakes investment and development firm LeaseFlorida, plans to build a four-story development called Mia, containing the 400-square-foot studio apartments and retail space on the ground floor, at 1960 Normandy Drive, according to plans filed to the city of Miami Beach’s Design Review Board.

Miami Beach Parking Lot Sells For $20M

The price equates to $769 a square foot.

Construction Permits Filed At High-Tech Lynq Wynwood Office Campus

The developers have previously said the project would be the most high-tech office campus in Miami.

Miami-Dade Seeks Partners For Allapattah Redevelopment

The July decision to issue an RFP for that site came after Miami-based NR Investments made an unsolicited proposal to develop a mixed-use complex there with a hotel, offices, retail and multifamily, with some workforce housing. 

Studies Completed For Miami Beach Rapid Transit, People Mover To Design District

Current plans are for a monorail system to Miami Beach, and a Metromover-type system to the Design District.

Wynwood Plaza Submitted To FAA, With Construction Permit Getting Closer

According to the July 26 submission to the FAA, the tallest height of the project is planned to reach 212 feet above ground, or 225 feet above sea level.

Brick & Timber To Buy Cube Wynwd Office Building For $60M

The eight-story, roughly 100,000-square-foot building was completed in 2019 and is almost fully leased.

Here’s A Look At Wynwood’s First Hotel, Opening This Fall

Arlo Wynwood is set to be a nine-story, 217-room property boasting a rooftop pool with private cabanas, a bar, a café and a yoga deck.

Former Low-Income South Beach Apartments Hit Market As Possible Hotel Conversion

The 25-unit property operated as a low-income, housing tax-credit apartment building until April when the restrictions expired, the listing states.

NR Investments Files Proposal To Build Mixed-Use Complex In Allapattah

NR Investments wants to build 2,500 apartments; 300 hotel keys; 200,000 square feet of office space; and 100,000 square feet of retail, the plans show.

Starwood Cancels Purchase Of Miami Beach Office Building

Starwood will likely lose the $2.5 million deposit it made when the property went under contract. If Starwood had pulled out of the deal only a week earlier, it could have recovered that money, according to the source.

Billionaire Stephen Ross’ Deauville Resort Redevelopment Plan Could Soon Be Up For A Vote

Ross, the chairman of New York-based Related Cos., and New York-based architect Frank Gehry presented the Commission with preliminary plans for a 175-room hotel tower and a 150-unit condo tower.

8-Story Building Proposed In Allapattah

The building would total 103,819 square feet, with 2,138 square feet of ground-floor retail and the rest of the space for self-storage.

Miami’s CBD Is Getting Mind-Boggling Office Rent Increases

Brickell is dominating the market — its 42% year-over-year rent increase surpassed Manhattan and Los Angeles, according to a report. 

300-Unit Apartment Complex Proposed In Miami’s Wynwood

The FB Wynwood building would total 359,694 square feet in eight stories, with 308 apartments, 21,724 square feet of retail and 122 parking spaces.

Office Project Could Replace Gas Station In Miami Beach

With an estimated cost of $11 million, the project would total 67,641 square feet in five stories. It would consist of 3,300-square-foot of ground-level retail, 36 parking spaces on the second level, 17,113 square feet of office space on the third and fourth floors, and a fifth floor containing an 8,000-square-foot live/work unit.

Recently Built Condo In Miami’s Wynwood Hit With Foreclosure Lawsuit

The five-story building was completed a few weeks ago. None of its units have sold, according to county records.

Continuing Interest In Miami Beach Leads To New Wave Of Luxury Hotels

Miami Beach’s continued upscaling has helped spur a flurry of additional renovation projects, said Steve Adkins, chairman of the Miami Beach Visitor and Convention Authority. 

“It’s On Fire.”: Miami Mayor Touts South Florida Economy

Miami Mayor Francis Suarez made an appearance on Fox Business where he discussed Miami’s booming economy, referring to it as “on fire,” as the city posts repeated increases in real estate sales, an influx of new jobs, and the welcoming of tech businesses from states like California and North Carolina.

New Office Tenants And New Development Balance Out Vacancy In Miami

While the economy has had a turbulent few years — with a global pandemic, record inflation and political drama — the vacancy rate in Miami’s office market has remained fairly static, as the horde of new-to-market tenants was balanced by new development, according to second-quarter research from Colliers. 

Plans Submitted To FAA For Massive Redevelopment At Miami Arena Site

The project is slated for 2,351 residential units anbd 540,000 square feet of office space.

Housing Trust Group Plans Apartments Near Aventura

Totaling 104,344 square feet, the eight-story Oasis at Aventura would have 95 apartments and 65 parking spaces. Amenities would include a gym, a club room and an outdoor terrace.

Well-Known Challenges Could Impede Miami’s Tech Growth

Two new studies substantiating Miami’s tech hype also reveal how much we must do to make that growth path pivotal to our economy. The jury is out about whether we can meet that challenge. 

The Gateway At Wynwood Welcomes Three New-to-Market Tenants

The new leases total nearly 14,000 square feet. 

County May Seek Bids In July To Redevelop 20 Acres Of Downtown Miami

It would include affordable and workforce housing, market-rate housing, open spaces such as parks, office space, a new library, a new historical museum, and a downtown intermodal terminal to provide bus bays for all buses terminating in the Government Center area.

Wynwood Buildings More Than Quadruple In Value

The buildings were constructed in 1971 and 1925, respectively. The site covers 33,320 square feet.

Goldman Properties, JV Of Scott Robins And Philip Levine Propose Wynwood Projects

If the Wynwood Design Review Board approves the proposals, construction of both is expected to be completed in the second half of 2024.

Miami Beach Hotel Sells For $684,000 Per Key

The company will invest approximately $60 million to reposition the hotel into a premiere beachfront resort under Hyatt’s luxury, lifestyle Andaz brand.

Miami-Dade County Taxable Property Value Posts First Double-Digit Growth Since 2007

The taxable value of properties rose by $34 billion to a total of $372 billion, or a whopping 10.2% jump, between 2020 and 2021.

AMAC, ROVR Score $67M Construction Loan For Aventura Park Multifamily Project

Construction is expected to be completed in early 2024.

Miami Worldcenter Tower Project To Total 160,000 Square Feet After Land Purchase

Miami-based Royal Palm Cos., led by Daniel Kodsi, paid $4.45 million for the 7,500-square-foot property at 61 N.E. Ninth St.

Dolphins Owner Stephen Ross To Buy Deauville Hotel, Plans Luxury Complex In Miami Beach

The MiMo-style hotel has remained vacant following an electrical fire in 2017. The property fell into such disrepair that a Miami Beach official issued a demolition order in January, deeming the building structurally unsafe.

Bakehouse Art Complex In Wynwood Gets City Grant For Building Upgrade

Bakehouse opened in 1985 to provide a permanent and affordable working home to artists of merit with financial need.

Tucandela Buys Wynwood Building To Open Latin-Themed Nightclub

The Wynwood club is slated to open the first quarter of next year.

Wynwood Development Site Targeted In $23M Foreclosure

According to the complaint, Gamma issued the $23 million mortgage to Wynwood Gateway II in 2019. The loan matured June 30, 2021, without being repaid, and the borrower owes the full amount of principal, plus interest.

Boutique South Beach Hotels Trade Amid Heightened Demand

“These types of properties that have zoning for short-term rental are very difficult to find. I have a list of people who want to buy them. They’ll buy as many as I have,” Gale said. “It’s a coveted type of property, and it has to have the right kind of zoning.”

Big Changes In Little Haiti: Redevelopment Rises In Emerging Neighborhood

Industry insiders say there are plenty of opportunities for more stakeholders to build projects there.

Hyatt Proposes Massive Mixed-Use Project In Downtown Miami

The James L. Knight Center would be demolished under the plan.

South Beach Retail Building Sells For $12M

The property is located between Alton Road and Washington Avenue within South of Fifth, also known as SoFi, a dense restaurant corridor that has become a hotspot for luxury residential and hospitality and one of the premier restaurant destinations in the world.

Moishe Mana Pays $16M For Commercial Assemblage In Allapattah

The developer acquired 10 properties just west of I-95 and Wynwood.

Leasing Activity Heats Up At The Gateway at Wynwood

As Miami continues to experience a post-pandemic boom, The Gateway of Wynwood – the newest office building in the Wynwood area – announces tech start-up OpenStore’s expansion and the growth of its impressive roster of tenants with the addition of two new leases. 

City Review Narrowly Recommends Major Wynwood Project

Two buildings are proposed, with a total floor area of 922,466 square feet, on property between Northwest 24th and 25th streets.

Firm Tied To Moishe Mana Buys Retail Properties In Miami’s Allapattah For $16M

The deal covers 35,639 square feet of commercial properties and a 1,120-square-foot single-family home.

RFR Buys Third Building On Miami Block For $451 PSF

RFR appears to be positioning itself for a major real estate investment in a prime site opposite Bayfront Park.

Lender Takes Control Of The Collective’s Wynwood Dev Site Through Foreclosure Auction

The Collective was placed into administration — the equivalent of Chapter 11 bankruptcy protection — in the U.K. last year.

Aging Beachfront Condo Towers Are Hot Properties In Miami Beach

Developers are targeting hundreds of apartment buildings nearing a 40-year limit on structural certifications.

Miami Beach Apartment Complex Could Be Redeveloped Into Hotel

The property currently has three apartment buildings of two stories each with a combined 20 units. It was built in 1946.

Truck Sales Lot With Potential For 400 Rental Units Sold In Allapattah Neighborhood

The property last traded in 2016, when it was seized following a foreclosure lawsuit. It operated as a truck and heavy equipment dealership.

Strong Demand For Office Space At Wynwood Plaza, Utilities Deal Inked

Active negotiations for 75,000 square feet of office space at the project are now underway.

South Beach Office Building Sells For $52M

The 137,579-square-foot property offers 243 parking spots, 46,000 square feet for offices and 22,000 square feet of street-level retail, most of which is leased to CVS.

Art By God Building In Wynwood Could Be Redeveloped

The Wynwood Design Review Committee will consider plans for Wynwood Urby on April 12.

Former Kushner Exec Buys Miami Development Site In Wynwood

Jenny Bernell, former executive vice president of development at Kushner Companies, paid $19.1 million for the assemblage. The seller paid $5.6 million for the properties between 2003 and 2007, records show.

‘A Gift To The City.’: This $4 Billion Development Is Creating An Outdoor Museum In Miami

The program was spearheaded by prolific curator and art dealer Jeffrey Deitch and the team at Primary, a Miami-based curatorial collective that focuses on public art.

Rubells Expand Allapattah Art Space With $11M Industrial Building Purchase

The property was the former headquarters of the family-owned and operated Rex Discount.

Miami Beach Leaders Want Office-Housing Towers Off Lincoln Road. Will Locals Approve?

The city-approved plans are part of a larger effort to diversify the community’s economy amid South Florida’s migration of professionals working largely for tech and financial services companies.

8-Story Sister Wynwood Office Buildings Get OK

The two buildings are proposing together nearly 250,000 square feet of offices.

800-Plus Apartments Could Break Ground Near Aventura Mall, Future Brightline Station

Modera Aventura would have 840 apartments, 15,245 square feet of retail facing West Dixie Highway and 1,096 parking spaces.

The Numbers Behind South Florida’s Multifamily Boom

With investors and renters continuing to flock to South Florida, the region has proven itself to be a promising real estate market and the multifamily sector has been strong.

Wynwood Office, Retail And Parking Portfolio Hits Market For $28M

The listing includes a three-story office and retail building, a one-story retail building, and a parking lot.

Industrious To Open 40,000-Square Foot Coworking Space In South Beach

It will occupy the space previously filled by WeWork from November 2014 until August 2018, when the company was forced to scale back its operations.

New-To-Market Tenants Spur Wynwood Office Demand

Wynwood is becoming Miami’s busiest office submarket as demand for space is far surpassing current supply due to its attractive live-work-play environment, with more than 80% of its recently leased office tenants being new-to-market and a million square feet of office space in the pipeline.

Miami Beach To Seek Development Proposals For 41st Street Surface Parking Lots

Miami Beach Mayor Dan Gelber said seeking letters of intent is a preliminary step, geared to finding out what developers think can be built on the parking lots.

Miami Beach Mayor Announces List Of New Projects – New Cancer Center, 3-Acre Public Park And Push To Renovate Lincoln Road

The new projects are slated to come online this year.

Turnberry Proposes Office/Retail Project Near Aventura Mall

The project, called Two Turnberry, would have 240,000 square feet of offices and 20,000 square feet of retail.

Core Wynwood Development Site Sells For $11.5 Million

The two fully occupied building are currently leased as creative office space spanning 10,939 square feet.

Miami-Dade Plans Massive Redevelopment In Downtown Miami

The purpose of the 10- to 15-year redevelopment is to better use county-owned lands and meet community needs.

Wynwood Annex Sells To New-To-Market Buyer For $44 Million

This transaction underscores a paradigm shift in rates and market fundamentals and sets a new bar for the Miami office market. To Open 22,000 SF Miami HQ In Wynwood

The lease deal brings the building to full occupancy.

Cheesecake Factory Inks Lease On Miami Beach’s Lincoln Road

The national restaurant chain is taking Sushi Samba’s former 7K sf space.

Mixed-Use Project With High Street Retail Planned As ‘Alternative To Aventura Mall’

The site was rezoned in June for apartments, a hotel, offices, retail and an assisted living center

Crescent Heights Scores School Board Approval To Buy Downtown Miami Land For Mixed-Use Project

Construction is expected to begin immediately after obtaining entitlements, and the project would take about 38 months to complete from groundbreaking.

Miami Beach Readies Four City-Owned Sites For Sale

Funds from the sales of these properties were considered to fund capital projects such as the 72nd Street Community Complex project in North Miami Beach, a project that includes a 7,500-square-foot library, a 50-meter competition pool and a 25-meter multi-purpose pool, among other amenities, and which had a budget shortfall of $16.1 million, according to the latest estimate.

Multifamily Developments In Pipeline Could Take Years To Finish

In the past year, Miami delivered 7,400 units and had a net absorption of 13,900 units.

Goldman Properties Proposes Office Building In Wynwood As Big Companies Descend On The Arts District

The developer aims to break ground on the project in late 2022 and complete the building by 2024.

Related Group, W5 Group Break Ground On Quarters Wynwood Co-Living Development

The building, which will be located at 33 NW 28th St., will feature shared living spaces and residents will rent bedrooms in shared apartments.

$100 Per Square Foot? Rent For Prime Office Space Puts Miami On Par With New York

Overall, the average listed rental price for office space in Greater Miami now stands at $46.19 per square foot.

New Downtown Miami High-Rise Project Seeks To Bring More Affordable Urban Living

Three towers, between 39 stories and 48 stories, would sit on top of a new public parking garage with 1,350 spaces and retail on the ground floor.

3.4M-Square-Foot Tower Could Rise At Former Miami Arena Site

The project would have three 57-story towers connected by a podium at the base, comprised of 2,195 residential units, 540,000 square feet of offices, 49,999 square feet of retail and 2,457 parking spaces.

Tristar Proposes Pair Of Office Buildings In Wynwood

Both buildings would rise eight stories with a pedestrian paseo between them and have active roof decks.

Incentives Bring New Life To Film Industry In Miami-Dade

After a few starts and stops over the past two years, Miami-Dade’s film industry is coming back to life and reclaiming its reputation of being one of the most desirable shooting destinations in the world.

Offices On The Beach: Billionaires Bankroll Class A Office Space Near Their Homes

It’s a burgeoning trend that could help change the perception of Miami Beach as a place just for fun and sun.

Migration From North Triggering Continuous Economic Growth In Miami

The increasing migration of Northern high-income executives is accelerating the real estate markets and the overall economy in South Florida, while banks are reporting substantial profit gains and are eager to welcome their businesses.

Ex-Google CEO Owns Major Interest In South Beach Class A Office Project In The Works

The building “as presented by the applicant” will be 41,377 square feet in size and include 38,252 square feet of office, 3,2125 square feet of retail, and mechanical parking.

Looking To Lease Office Space In South Florida? Here’s What You Can Expect To Pay

South Florida’s office market showed signs of a full rebound as asking rental rates surpassed pre-pandemic levels.

Cryptocurrency Starts To Make A Splash In Luxury Housing. Will It Trickel To Larger Residential And Commercial Markets?

So far, much of the buzz around cryptocurrency in real estate has been the luxury segment of the for-sale housing market. But a few early adopters in commercial real estate have begun to accept crypto in transactions.

AMAC Acquires 1800 Alton For $32.5M, Showcases Strength In Miami Retail

1800 Alton is ideally positioned in Sunset Harbour, the vibrant neighborhood at the gateway into South Beach, with many high-end residential buildings, retail spaces, and the Sunset Harbour Marina.

Transit-Oriented Wynwood Parcel Sells For $19.5 Million

Still in the planning stages, Fifield looks to develop a mixed-use apartment community on their newly acquired site.

Former Miami Rescue Mission Building Trades In Off-Market Deal, Creating One Of The Largest Contiguous Sites In Wynwood

The building is located adjacent to Soho Studios, a 45,000-square-foot creative event space, on a 68,000-square-foot lot located at 2136 NW 1st Ave, which is also owned by The Faith Group.

CRE’s Growth Forecast For 2022

According to the National Association of Realtors, commercial real estate is expected to strengthen in 2022, especially in industrial and multifamily. Bottom line: CRE’s underlying demand fundamentals should more than mitigate the impact of the slightly higher interest rates in the new year.

Wynwood Plaza Development Set After $50 Million Sale Of Former Rubell Art Museum Site

Designed by architectural firm Gensler, The Wynwood Plaza would bring 12- and 8-story buildings with 509 apartments to the neighborhood, 266,000 square feet of offices, 32,000 square feet of commercial-retail uses, and parking for about 668 vehicles.

CRE Values, Yields Forecasted To Increase Next Year

Values are expected to increase 11%, while yields will average 6%.

Miami Tech And Financial Sectors Spark Economic Gain

The first quarter of 2021 brought Florida a 7% increase in GDP, ranking 15th in the nation in GDP.

What Secondary Asset Classes Will Be Popular With Investors In 2022?

Here are some of the non-mainstream asset classes seeing renewed interest from capital sources, in 2021 and heading into next year.

Black Lion’s South Florida Retail Shopping Spree Continues With $19M South Beach Deal

Black Lion, led by Robert Rivani, paid roughly $995 a square foot for 19,100 square feet of retail.

Miami Positioned As Blockchain City Of The World

Miami is very well positioned to be the blockchain city of the world, experts are saying, as an influx of talented people in the blockchain technology industry are choosing the city to develop their businesses and create a crypto-enthusiastic community.

Recently Renovated Miami Beach Office Building Sells For $26.5M

The developers acquired the building for $10.1 million in 2019.

Looming Tax Break Deadline Is Spurring Last-Minute South Florida Real Estate Deals

Besides the temporary deferral, other advantages include the exclusion of taxable income on new gains on investments held for 10 years or more, and a 10% increase in the investment if the qualified opportunity fund is retained for five years and a 15% increase if the investment is held for seven years. 

Sellers Will Take Cryptocurrency For Miami Beach Properties

Cryptocurrencies, including Bitcoin, tend to swing widely in value. But Jared Robins said FTX’s ability to instantly exchange crypto into cash “really de-risks that whole aspect of it.”

THesis Miami Raises $33M From Retail Investors With Plan to Tokenize

Pending approval, retail investors will be able to trade shares in the property, backed by a cryptocurrency issued by NRI after a six-month lockup period.

Miami Board Denies Wynwood Station Mixed-Use Project

The board voted unanimously Nov. 17 to deny the project, after voicing numerous concerns including the massing of the building, location of a trash chute, location of elevators, design of the parking levels and ramps, the width of a covered walkway, the size of a courtyard and more.

Beacon Council Targeted Jobs Initiative Paid Big Dividends

rom 2012 to 2019 Miami-Dade added 202,970 overall jobs. In 2018 and 2019, jobs added in all sectors totaled 33,243, including 6,556 in the targeted industries.

Five Class A Office Projects In The Development Pipeline For Miami Beach

Intent on diversifying its economy beyond tourism and nightlife, officials have heavily incentivized the construction of Class A office buildings in Miami Beach.

Miami’s Art Basel Returns With Real Estate Fanfare

For real estate executives, Art Basel is as much about play as it is about work.

Commercial Real Estate Trends And The Call For Creativity

The ripple effect of the pandemic’s impact on the commercial real estate market is going to have a lasting effect on several market sectors.

A Skatepark Is The Centerpiece To This Miami Developer’s New Mixed-Use Concept

The concept, dubbed SkateBird, will serve as a skating arena, shopping hub, event center and food hall. 

Renter Churn: Which Cities Are Seeing The Most?

Of renters looking to move, an average of 40 percent were looking to move out of the metro where they resided in the third quarter of 2021, according to a report from Apartment List, based on searches on their platform.

‘Lowest Vacancies In Years’ Drive Up Prices For Multifamily Investors

But it isn’t just Class C apartment buildings — classified as multifamily structures more than 30 years old and in fair-to-poor condition — that are rising in value.

Wynwood Just Got A Little More Vibrant

The long-awaited exterior garage cladding, which depicts a vibrant mural, has been fully installed just in time for Art Basel next month.

The Pandemic Has Made Healthcare Real Estate More Desirable

Investors are now looking at assets that are both resilient during a recession and during a pandemic, and healthcare properties have become the perfect hedge against both.

Large Mixed-Use Project Makes Big Changes To Win OK In Wynwood

The development team behind one of the largest mixed-use residential and office projects to rise in Wynwood continues to work with the City of Miami Planning Department staff and is confident of final approval.

Retail Space Is Hard To Find In South Florida Thanks To Migrating Restaurants

The scarcity of space has had an effect in Miami-Dade, where the asking leasing rates increased 12.5% to $38.98 per square foot this third quarter, from $35.54 a square foot year-over-year.

Deco Capital Breaks Ground On Mixed-Use Project In Miami Beach

The project calls for 40,000 square feet of offices, 17,000 square feet of commercial space and a massive 15,000-square-foot penthouse in five stories. The penthouse will also have 15,000 square feet of outdoor space.

Real Estate Experts Predict Rent To Keep Rising In South Florida

Experts project rent to continue to rise by 8.9 percent through the end of the year.

Madison Realty Capital Originates $310M Loan For Miami River Towers

The site will be developed in five phases spanning 2.5 city blocks and deliver 1,928 multifamily units with top-of-the-line amenities, including boat slips.

Real Estate Wins in Miami’s Mayoral Elections

In Miami Beach, Mayor Dan Gelber handily won reelection, capturing 62 percent of votes for this third term. The Democrat had tied his campaign to a controversial referendum to curb partying in South Beach. The referendum proposed rolling back the last-call time to serve alcohol at establishments along famed Ocean Drive, to 2 a.m. from 5 a.m. 

CRE Has Biggest-Ever Sales Quarter

More than $193 billion in commercial real estate traded hands in Q3.

New Lease On Life: Apartment Projects Popping Up At Distressed South Florida Shopping Centers

Multifamily developers want sites in walkable places, and struggling shopping centers need to fill vacant spaces.

New York Developers Unveil Plan For South Beach Office Project

The developers are planning a five-story building with 56,177 square feet at 944 5th Street and 411 Michigan Avenue in the city’s South of Fifth neighborhood.

Miami Board Rejects Design For Massive Wynwood Mixed-Use Project

The ruling is technically advice for Miami Planning Director Cesar Garcia-Pons, who has the ultimate say on approving the project’s design. However, UDRB member Dean Lewis told The Real Deal that the board’s recommendations are taken very seriously by planning staff.

‘Enough Buildings’: Brickell Residents Oppose Church Plan For Development

Owning what is one of the last waterfront properties in Brickell, the church is looking to sell the parking lot and the Key Point Christian Academy building at 609 Brickell Ave. to a real estate firm for the development of a soaring residential high-rise.

Rilea, Promanas Buy Wynwood Dev Site, Plan Short-Term Rentals

Plans call for a 12-story project with 8,500 square feet of ground-floor retail, a rooftop restaurant and a pool bar, according to the release. Construction is expected to start in 2023.

Car-Free Lifestyles Create Commericlal Development Niches

A car-free lifestyle and commercial real estate development opportunities are closely intertwined, a Miami Association of Realtors commercial conference panel exploring Transit Oriented Development agreed.

Miami’s Tallest Tower Due In 2022

In its 890 feet of height, the Okan Tower is still planned to include three pools, one outside on the 70th floor, a spa, an outdoor lounge, a fitness center, a gastro kitchen, a children’s play center, a wine cellar, a rooftop restaurant, a movie theater and a cigar room. 

Psychedelic Therapy Clinic To Open First Florida Site In Wynwood

The eight-story, 65,000-square-foot building was completed more than three years ago and is now fully leased.

Julia Apartments Break Ground In Allapattah

Construction on the 12-story building at 1625 N.W. 20th St. is expected to be completed by mid-2023.

First Miami Presbyterian Looks To Sell Prime Real Estate For Development In Brickell

Plans are for a high-rise condominium with retail and restaurant space on the ground floor.

Miami Worldcenter Locks Up 90,000 SF Of Retail Space In 90 Days

The $4 billion, 27-acre mixed-use development is underway in downtown Miami.

Moishe Mana Adds To His Allapattah Holdings, Plans E-Commerce Logistics Center

An eight-story building with signage fronting I-95 can be built on the industrial site.

CRE Companies Put Old Hotels To New Uses

The hospitality industry may be hurting, but that doesn’t mean hotel real estate has to.

Four-Building Office Complex Trades In Off-Market Deal

The deal represents a sale-leaseback with additional office tenants. The acquisition also represents a value-add with future redevelopment opportunities.

David Edelstein, Related And Partners Plan Resi Project On Former RedSky Property In Wynwood

TriStar and its partners plan to build “well over” 300 residential units on the site and the project may break ground in about 10 months.

Five-Property Assemblage Near Miami Beach’s Iconic Lincoln Road Hits The Market

Totaling 1.38 acres on the block running up to the iconic Lincoln Road, the portfolio includes 1.21 acres or 52,500 square feet of contiguous developable lots with an existing 55,516-square-foot mixed-use/retail structure along Alton Road and an additional 0.17-acre or 7,500-square-foot parking lot on the West Avenue side.

Aventura Office Park Could Be Rezoned For Mixed-Use Project

The City Commission and its Local Planning Agency on Sept. 23 will consider a zoning change for the 10.5-acre site.

South Florida Has Third Fatest-Growing Rental Market In U.S.

Average rent in Miami-Fort Lauderdale-West Palm Beach market is $2,432.

Real Estate Primed for Further Growth in Greater Miami’s Evolving Neighborhoods

Currently, metropolitan Miami has the third tallest skyline in the country, and nearly every commercial neighborhood has construction of some kind occurring.

South Florida Commercial Real Estate is ‘Off the Charts’

Big businesses are breathing life into South Florida’s office market, with major companies creating a ripple effect and influencing others to come to the capital of capital.

Global Consulting Frim To Expand In Miami’s Wynwood, Hire Hundreds

The company signed an 8,000-square-foot lease in the 545wyn office tower.

City Of Miami Beach Board Approves Redevelopment Plan Along Prime North Beach Beachfront

The Historic Preservation Board gave final approval for the 5-acre public greenspace, 75-unit residential, and 127-room hotel project along Collins Avenue and 74th & 75th Streets

Former Miami Beach Hotel To Be Renovated Into Offices After $47M Sale

The five-story building totals 100,000 square feet of indoor and outdoor space.

Iconic New York Eatery Joe’s Pizza To Open First Miami Location In Wynwood

The 1,758-square-foot eatery is scheduled to debut in spring 2022.

Miami Ranks Among Top 5 Markets For Multifamily Development

Miami is one of the top markets for absorption, too, posting a 180-basis-point occupancy increase in stabilized properties in the 12 months ending in July, to 96.4 percent.

South Beach Office Building By Lincoln Road Trades For Nearly $50M

The property is 81.4% leased, offering significant leasing and development upside.

Wynwood Building Sold To New York Company For $689 PSF

It last sold for $10.8 million in 2015.

With Discounted Lease, Art Basel Return Targets Safety

The art exhibition that started in Switzerland in 1970 and has spread around the world, becoming one of Miami Beach’s most important yearly events, is coming back to the city with “robust measures to create a safe fair environment.”

Miami Beach Bans New Apartment Hotels In Parts Of South-Of-Fifth – For Now

Residents claim apartment hotels attract uncouth short-term rental guests who are destroying neighborhood.

Brickell-Area Office Building Slated For Bankruptcy Auction

The area is zoned for up to 24 stories.

New Yorkers Trade Miami Beach Portfolio In $31M Deal

The buildings total 84,000 square feet and sold for $220,000 per unit.

Developers Of Society Wynwood Mixed-Use Project Score $142M Construction Loan

The 10-story development calls for 318 apartments and 50,000 square feet of commercial space.

Opportunity Zone Site In Miami’s Arts & Entertainment District Hits Market — Again — For $21M

The Kluger Family Trust had listed the site for the same asking price in March 2020 with a different brokerage.

Infrastructure Bill A Once-In-A-Lifetime Chance To Make Miami More Climate Resilient

As more frequent and more intense storms bring destruction, they also present us with a chance to modernize.

Brooklyn Developer Buys Wynwood Properties For $39 Million

The deals give LivWrk Sol Wynwood LLC ownership of 2.45 acres.

Foreign Investment Roaring Back To Miami

Foreign investment in the U.S. may have slowed down during the coronavirus pandemic, but it didn’t disappear, and it’s been growing since international travel picked up, Miami real estate experts say.

Developer Proposes 12-Story Building Near Future Brightline Station In Aventura

The site plan shows 67 apartments, 2,800 squre feet of retail and 70 parking spaces.

TriStar Affiliate Buys Wynwood Property To Start Major Development

The property has a 20,239-square-foot building that was constructed in 1963 and recently housed clothing and jewelry retailers.

Development Site In Downtown Miami Sells For $10 Million

The development site will be home to The M Tower, an approved 53-story, 440-unit apartment tower.

Bankruptcy Could Lead To Redevelopment Of Downtown Miami Holiday Inn

With its close proximity to PortMiami, Bayside Marketplace and the planned Waldorf Astoria Miami luxury tower, the hotel owner’s attorney Linda Worton Jackson said the 10-story building at 340 Biscayne Boulevard is attracting interest from potential investors.

Former Pork Processing Facility In Allapattah Could Be Given New Life

Jason and Mera Rubell of the art collector family paid $5.4 million for the former Hightop Products warehouse.

Trio Of Residential High Rises Will Transform This Vacant Spot In Brickell

Behind the SLS Brickell at 1300 S. Miami Ave., two 56-story towers and one 74-story tower are slated to transform 1420 S. Miami Ave., according to plans submitted to the city of Miami’s Planning Department and Office of Zoning.

Wynwood Apartment Building Converts To Short-Term Rentals

The building will operate under the new-to-market Sentral brand, which is backed by Iconiq Capital with an investment of more than $500 million.

Aventura Office Buildings Sell For $140 Million

The buildings total 252,244 square feet.

Development Site Near Wynwood, Edgewater, Overtown Sells For $23M

The property last traded for $16 million in 2015.

Miami Beach Asks Office Developers To Bid On Sites Near Lincoln Road

Bids are due by Nov. 15.

Wynwood OKs Unique Public-Private Deal To Bring An Apartment Building Devoted To Affordable Rental Units

The 120-unit housing program includes 48 studios (445-plus square feet), 66 one-bedroom apartments and six two-bedroom apartments. The residential component starts on the sixth story, accompanied by a gym, business center and community room.

Aventura Mall And The Design District In Miami Are Flourishing Post-Pandemic

Malls such as Aventura, and shopping neighborhoods like the Miami Design District continued to evolve with new store construction and expansions, which got a boost from Miami’s economy and new transplants who relocated there at the height of the pandemic.

Developers Propose Nearly 1M-Square-Foot Project In Miami’s Wynwood

The building would feature 523 apartments, 200,618 square feet of offices, 26,372 square feet of retail and 668 parking spaces.

Mana Buys In Downtown Miami Again With Plans To Expand Flagler District Project And Tech Hub

Though many of his storefronts are now empty, Mana has announced plans to build offices, retail and housing.

Miami Beach Now Leads South Florida Office Rent Growth

Asking rents for Class A office space in Miami Beach have rebounded to $56.66 per square foot, up 10.2% year-over-year, according to a new report from Colliers.

Largest Development Site Available In Downtown Miami Sells For $46 Million

The 92,972-square-foot development site, which is located at 16 SE 2nd St in downtown Miami, is currently home to a parking lot.

Rilea Group Closes On Development Site In Wynwood For $22 Million As Location For 225-Unit Rental Community

Construction of MOHAWK at Wynwood is expected to begin in 2023.

Cardone Capital Taps Crowdfunding For $91M Office Buy In Aventura

Aventura Harbour Centre last traded in 2014, when it was purchased out of bankruptcy court for $16 million in cash and the assumption of $45 million in debt.

Miami Apartment Building Evicting All 200 Tenants In 60 Days

The residents are claiming Aimco pulled a bait-and-switch when they signed new leases with the owner, who they say enticed them to renew their leases early by offering 18-month agreements instead of the usual 12.

Micro-Mobility Infrastructure Plan Targets Downtown Miami, Including Coconut Grove, Brickell, Midtown, Morningside, Edgewater And Part of Wynwood

The green-patterned pavement lanes, which would come with concrete barriers separating them from traffic, would run from South First Street to Northeast 11th Terrace along North Miami Avenue and Northeast First Avenue, and from Northeast Second Avenue to I-95 on North Fifth and Sixth streets.

Developers Move Fast To Meet Miami’s Growth Needs

As Miami continues to rebound from the pandemic, developers are making their mark by building new towers and infrastructure to meet the current and future needs of the city.

LIVWRK In Contract To Buy Wynwood Assemblage From East End Capital

Abehsera said his company is interviewing architects from around the world to “do something that’s more elevated from a design perspective” than what has been built in Wynwood so far.

Downtown Miami Dev Site Zoned For 80-Story Tower Hits Market

The 1-acre assemblage hit the market unpriced.

Fintech Startup Nirvana Technology Signs Lease In Wynwood

“Millennials value the mix-use — where you have office spaces, good restaurants, good entertainment at night, and good housing. That’s all coming together in Wynwood,” said Rammos. These amenities help lure future tech employees, he added. 

Allapattah’s ‘Authentic Bario’ Feel Makes Way For Increased Development

It’s all quickly snowballing to turn Allapattah into Miami’s newest “it” spot.

Foreclosure On Wynwood Building Resolved With $9.5 Million Deal

Elizon DB Transfer Agent LLC filed a foreclosure complaint in October 2020 against 2900 NW 1st Ave BSD LLC and loan guarantor Baruch Singer over an $8 million mortgage. The loan allegedly matured on Sept. 1, 2020, without being repaid.

First Mixed-Use Class A Office Space To Break Ground In Miami Beach

The development will include a 15,000-square-foot penthouse where an executive can live and work under the same roof.

Force Majeure Ruling in Miami Retail Suit Could Change How Contracts Are Written

“This seems to be a case of the first impression in South Florida that will likely be relied upon by other jurists as litigation regarding force majeure provisions move through the court system,” said an attorney for the landlord in this case.

Miami Beach May Sell Six City Properties

Commissioners and administrators held preliminary discussions about the properties at the most recent Finance and Economic Resiliency Committee meeting, where Director of Property Management Adrian Morales explained that the six properties were narrowed down from a total of 136 assets that officials and consultants CBRE identified as showing “potential for disposition.”

Prime Development Site In Downtown Miami Hits The Market

The site is located blocks away from the Perez Art Museum, the Frost Museum of Science, Biscayne Bay, Miami Worldcenter, Miami Dade College and several residential and office buildings.

Investors Team Up With Pastry Chef And Chocolatier For Planned Wynwood Market

Ananda Market, led by partners Antonio Ortega and Piero Pini, signed a 10-year lease for nearly 12,500 square feet at 310 Northwest 25th Street.

Miami Beach To Prohibit Hotels In Sunset Harbour?

Proposed regulations would prohibit hotels and only allow office buildings in the neighborhood.

Miami Is A Hotspot For Retail Development

Nearly 1.5 million square feet of retail space will deliver in the market this year, the highest level since 2017.

Boardwalk Properties Sells Off South Beach Multifamily Portfolio For $96.5 Million

Sentinel Corp., an independently owned real estate investment management firm which currently has $7.4 billion of institutional quality real estate assets under management on behalf of 105 domestic and international clients, acquired the properties.

Lissette Calderon Delivers First Multifamily Project In Allapattah

Rents start at about $1,200 a month for a studio apartment.

Banking Experts Forecasting A Strong Miami-Dade Recovery In 2021

Business has already picked up significantly in the first quarter, boosted by a still “booming” real estate ecosystem and resilient small- to medium-sized commercial and industrial businesses in the area.

Ironstate Pays $16M For Wynwood Site, Marking First Property In Miami

The previous buyer, Miami Beach-based Lucky Shepherd, assigned the contract to Ironstate, which acquired the property on Wednesday

The Collective Unveils Plans For ‘Co-Living’ Building In Wynwood

The building would total 351,443 square feet, with 12 stories along 29th Street and eight stories on 28th Street.

Brickell Dev Site Hits Market, Broker Expects To Fetch More Than $25M

The assemblage’s zoning allows for two 48-story towers.

Rilea Group Taps Crowdfunding Platform RealtyMogul For Project In Wynwood

The developer has 1.5 acres at 56 N.E. 29th St. under contract.

Which Retail Tenants Are Still Struggling to Pay Rent?

February brought some welcome relief for the country’s retail landlords, as multiple tenants managed to pay all of their rent for the month and the number of those able to pay less than half of what they owed dropped.

Two Venture Capital Funds And StartUp Ink Leases in Miami’s Wynwood

The leases total 22,000 square feet.

Miami Residential Rents Up 20% Year-Over-Year

Angelique Brunner, EB5 Capital founder and CEO, joins Yahoo Finance’s Alexis Christoforous to discuss the impact of the pandemic on commercial real estate.

One Of The Oldest Churches In Miami-Dade County Sells

The buyer plans to adapt the property into restaurant, retail and office space.

Miami Approves New Zoning For Neighborhood Near Wynwood

The new zoning would allow up to eight stories of mixed-use development, or five stories for purely residential.

Mixed-Use Buildings On Miami Avenue In Wynwood Win Urban Development Review Board’s OK

The project is to include 317 residential units, 60,400 square feet of offices, 22,701 square feet of commercial-retail uses, and a garage for up to 534 vehicles.

Love Life Café To Open At 545WYN In Wynwood

The plant-based dining concept, will be relocating its existing Wynwood location at 2616 NW 5 Ave.

Sleepy No Longer, Downtown Miami Evolves Into Urban Hub

From the $4 billion Miami Worldcenter to the sky-high Waldorf Astoria, downtown is developing its 24-7 draw.

Blackstone Doubles Down On Miami With $230 Million Purchase Of 2 Office Buildings

The buildings total 320,000 square feet.

Report: Miami Multifamily Holds Steady

After a summer dip, rates in the metro went back to pre-pandemic levels of growth.

Biscayne Boulevard Dev Site Hits Market For $11M

The Biscayne Boulevard site has two different zonings, as 2.17 acres is designated for 10 to 21 multifamily units per acre, and the remaining 1.06 acres is designated for a commercial use such as retail, according to a press release.

Medical Office Buildings Continue To Gain Investor Interest

Investment sales volume on the asset class in 2020 remained robust compared to other property types.

East End Capital Sells Wynwood Building For $12M, Resolves Foreclosure

The buyers assumed the seller’s $11 million mortgage with FS Rialto 2019-FL1 Holder LLC, an affiliate of Rialto Capital Management.

Miami 21’s Special Area Plans Have Created Special Problems

In theory, this process involves the city agreeing to allow more density and height in exchange for the developer making available to residents certain benefits, such as affordable housing, workforce preferences and living wages. But the “community benefits” are only as good as the negotiating process, and it is often the case that the neighborhood doesn’t get what it deserves in a process controlled by connected people in “special deals for special people” handed out by compromised politicians who don’t have the public interest at heart.

CRE Price Growth Expands in January

In January, US commercial real estate price growth hit levels not seen since before COVID-19.

Downtown Miami Revitalization Takes Flight

New York developer Time Century Holdings has secured a $23.6 million construction loan to redevelop the Metro Mall into a luxury jewelry center.

Miami Beach Adds 17th Street Garage To Class A Office Request For Proposal

Adding the aging garage structure to an RFP would allow the City to “have someone else pay for the rebuilding of that garage,” said Commissioner Ricky Arriola who raised the idea after Miami Beach Planning Director Tom Mooney suggested it.

City Gives Easy Online Access To Miami Comprehensive Neighborhood Plan

The MCNP is a key zoning document that creates the policy framework that guides all future public and private development decisions in the City of Miami to ensure the City meets the needs of existing and future residents, visitors and businesses, while preserving the character and quality of its communities.

Related Group, Block Capital Sell Wynwood Building For $77M

The five-story building, at 51 N.W. 26th St., was sold to ICONIQ Capital.

Miami Board Approves Design District Height Increase, Paving Way For Dacra’s Mixed-Use Tower

Dacra is planning a mixed-use project with a 36-story building on a 1.8-acre Biscayne Boulevard site.

Elon Musk Has A (Tunnel) Vision For Miami

While a tunnel underneath the Miami River being proposed by the world’s richest man, business magnate Elon Musk, wouldn’t be nearly as long or elaborate as the 31.5-mile Channel Tunnel, the rewards for a city now infamous for having some of the worst traffic in the nation would be immense.

Largest Development Site In Wynwood Hits Market

The property comprises four conjoined lots being sold together, which are all zoned T6-8-O NRD-1, allowing up to 8 stories by right and 12 stories with bonuses of mixed-use infill development. Under this zoning, the property can be developed into up to 207 units (310 with bonuses) or licensed for up to 414 hotel keys.

Miami Beach Gets Strong Response From Developers Looking To Build Office Space

Seventeen developers have expressed interest.

Ghost Structure From 2006 May Yield New Miami Station

The project’s plans call for 41 stories or 458 feet, with 309 residential units, 256,223 square feet of office space, 9,647 square feet of commercial-retail, and parking for about 525 vehicles.

Coworking Company Leases Half Of Related Group’s New Wynwood Office Space

The company signed a prelease for about 41,000 square feet.

New Mixed-Income Project On Brickell Gives Teachers Top Priority

One quarter of the apartments at the 500-unit Gallery at West Brickell will be reserved for households earning 50% of the county’s $59,000 median income — in other words, around $29,500. The rest will go to households earning up to 140% of the median — around $82,000.

Here’s What Some Tenants Are Paying In The Miami Design District

In 2019, the properties generated more than $231 million in sales, or more than $1,000 per square foot, among tenants reporting sales.

County Drafts Downtown Miami Transit-Oriented Revamp

Commissioner Eileen Higgins and Mayor Daniella Levine Cava met in early January “to look at the vision for what we think we can do for the county with that redesign, to build a transit-oriented neighborhood that also brings a lot of public good and is another place for affordable housing.”

New Wynwood Residences In Assemblage Of Cubes Win OK

The project is 528,075 square feet, including 48,288 square feet of commercial-retail space and 8,603 square feet of open space.

New Brickell District Mixed-Use Development To Span Full City Block

The project will feature a 64-story apartment tower comprising 1,175 units, as well as 190,000 square feet of office space, a 200-room hotel, 10,000 square feet of retail space and 1,400 parking spaces.

Retail Building In Miami Design District Faces $5M Foreclosure

According to the Bloomberg CMBS data, the property was appraised at $7 million in October 2020.

Downtown Miami Office Building Targeted In Foreclosure

WeWork is the anchor tenant at the property.

Car-Free Life Comes With A Quandary. Fortunately, Milam’s Markets Has Some Answers

The new Milam’s Market grocery will cover the ground floor at the 36-story apartment building Cascade at Link at Douglas, which is under construction next to the Douglas Road Metrorail Station just west of Coconut Grove.

Tax Relief May Be Coming To Miami-Dade Commercial Property Owners

Miami-Dade County’s Office of the Property Appraiser announced on Thursday that it will consider landlords’ financial losses when assessing 2021 fair market values.

Related Scores $88M Construction Loan For Dorsey Project In Wynwood

The project will include 306 apartments, retail and office space.

Wynwood Votes Down 12-Story Mixed-Use Project

Along with the new office space, the 12-story project is to include 317 residential units, 22,700 square feet of commercial-retail uses, and a garage for up to 534 vehicles.

Dozens Of New Stores And Restaurants Are Coming, Despite COVID-19

From West Palm Beach to the commercial enclaves of Miami, shoppers are cautiously easing back into the fold, but with a preference for open spaces, familiar brands, things to do besides shopping and, of course, safety precautions against the coronavirus.

Sterling Bay Completes Wynwood’s Largest Office Building

Chicago-based Sterling Bay completed the 10-story building as a modern office space with a host of amenities and shared spaces, with plenty of art.

Miami Beach Goes All Out To Woo Class A Office Space

Multiple ordinances and resolutions are working their way through the Beach’s commission and committees regarding zoning changes and incentives aimed at increasing class A space in strategic areas including parts of Terminal Island, Alton Road, Sunset Harbor and Lincoln Road.

Wynwood Mixed-Use Project Gets Design Backing

AMLI Wynwood is designed to bring 316 residential units and 30,596 square feet of commercial-retail uses to 70 NW 25th St.

Overtown Covets Status As Food And Entertainment District

After being honored with the Redevelopment Association Awards’ Outstanding Rehabilitation, Reuse Project award for rehabilitating and transforming the former Clyde Killens Pool Hall building into a Red Rooster restaurant at 920 NW Second Ave., the agency is using this milestone as the first step to attract tourists and locals to visit Overtown for its entertainment and vibrant nightlife, said Cornelius Shiver, the community redevelopment agency’s executive director.

Here’s What Industry Leaders Predict In 2021

From the condo and rental recovery to what will happen with inventory, here are some predictions on what the market holds for 2021.

Why Some Retailers Are Thriving, Not Dying, During COVID-19

While the pandemic has had widely divergent effects across the different retail sub-sectors, overall retailers that have continued to adapt and innovate are proving most resilient.

With JPMorgan And Goldman Sachs, Miami Could Become ‘Wall Street South’

Miami is also becoming a hub for Black startup entrepreneurs.

Mango’s Owner Lists South Beach Assemblage

Property owner David Wallack declined to give a desired price for the assemblage, saying that he is open to various ideas for the property, even if they don’t include Mango’s or result in a new concept for the cafe.

Royal Palm Cos. To Develop 50-Story Mixed-Use Tower In Downtown Miami

The property is part of Miami Worldcenter, a $4 billion, 27-acre mixed-use development.

Resilient Multifamily Sector Holding Strong During Pandemic

The multifamily sector has long held strong against uncertainty and economic swings, and the Covid-19 pandemic has proven to be no exception. While investors may shift toward new product classes during the current downturn, multifamily as a whole continues to offer an attractive option for both private investors and institutions seeking protection from economic storms.

The Pandemic’s Impact On Health Care Design: Smaller, Flexible Spaces With Great Adaptability

Real change will come three to four years from now, when the impact of new designs implemented on existing and new healthcare facilities are deployed based on what architects and physicians have learned over the past nine months.

Related Group Proposes Apartments, Retail, Office In Wynwood

The project would total 860,880 square feet with two buildings of 12 stories each. They would combine for 317 apartments, 22,700 square feet of retail, 60,400 square feet of offices and 534 parking spaces.

Medical Office Building Developers See Opportunities And Expect Project Growth In 2021

Although some professionals have expressed concern that there could be a slowdown in the development of MOB facilities, others recently expressed that they are remaining as busy as ever, and should be for at least the next year or longer.

Miami Beach May Create Incentives For Affordable Housing Developers

The city is considering passing legislation that fast tracks permitting for affordable housing projects and waives developer fees.

Wynwood Is Getting An Eco-Friendly Hotel At The Site Of The Art By God Store

The property, which was sold off-market, has been under contract since November 2019.

Multiple National Franchise Brands Plan Florida Expansion

Pandemic aside, executives with four franchised-based companies looking for Florida locations, in recent interviews, all point to the state’s growing population trends as the core reason for coming to town. And not only more people, but people with thicker wallets.

Don’t Count Out Commercial Real Estate, Especially Near The Urban Core

It’s the right time to invest, despite the pandemic causing some retailers and restaurants to close.

Developer Proposes Apartment, Office Buildings Near Aventura

The property is in the Ojus Urban Area, an area west of Aventura that the county rezoned to allow mixed-use development and more density. This has attracted a flurry of development.

The Gateway At Wynwood Office Building Tops Off

The building, located on the border of the iconic Wynwood and Midtown neighborhoods, will offer about 195,000 square feet of leasable Class A office space and nearly 25,900 square feet of prime street-level retail space.

A Government-Owned Lot Near Wynwood Is Up For Grabs. These Five Developers Want it.

The deal comes with a 50-year lease and the potential for two 20-year renewals.

Miami’s Design District Is Expanding West

The Market at Miami Design District will take 16 existing commercial properties spanning nearly a full city block and convert them into an open-air marketplace, with paseos and corridors carved out of the existing structures and storefronts on multiple sides of the buildings to give the area the feel of a village. CLICK ON THE HEADLINE FOR MORE

Miami Beach Seeks To End Tourism Economic Dependence

Business recruitment, he said, would also be vital and will be bolstered by Miami Beach’s efforts to incentivize Class A office space.

Construction Progresses On Miami’s Deepest, Most Expensive Underground Parking Garage

Reaching nearly 50 feet and three stories below sea level, the 100,000-square-foot, 236-car garage for Miami’s Una Residences condominium will cost the developers $25 million to build.

$58M Affordable Housing Development For Seniors Underway In Trendy Allapattah

The 13-story, 290,000-square-foot building will have 271 units, 92 studios and 179 one-bedroom, one-bath units.

Developer Proposes Five Apartment Buildings Near Aventura

The West Aventura Lofts would combine for 172 units.

Medical Offices Remain Attractive Amid Pandemic

The coronavirus pandemic has been a boon for industrial real estate as increased online shopping drives up demand for logistics space, but the medical office sector has also fared well in 2020, and experts expect continued strength in that area during and after the pandemic.

Miami’s Biggest Condo Developer Is Focusing On Apartment Rentals Now. Here’s Why

The Related Group is best-known for its luxury and market-rate condo towers, with an estimated 80,000 condos built, the bulk of them in Miami-Dade. But with a glut of unsold condos dragging down that market, the company is shifting gears and invested $2.3 billion for a wave of apartment rental buildings — both affordable and market-rate — in Miami-Dade and cities such as Tampa, Orlando, and Fort Myers.

DoorDash Launches Program To Revive Closed Restaurants Using Ghost Kitchens

Krazy Hog, a full service restaurant that has been temporarily closed since the onset of the pandemic, will be the first brand to take advantage of the program.

Growing Number Of Landlords Are Offering Restaurants Percentage-Only Rent

Percentage-only rents are especially helpful in an industry with notoriously thin profit margins of around 3 percent to 6 percent and, now, with slumping sales.

Covid Pummeled Shopping Centers, But Their Parking Lots Are Thriving

Garages and parking lots have been repurposed for Covid testing, polling stations and more.

Co-Sharing Medical Spaces Gain In Popularity During The Pandemic

The spaces operate on a platform similar to co-working, with month-to-month membership agreements instead of leases.

‘There’s A Lot Of Money To Be Made’: IRS Target Foreign Real Estate Investors

In the past month, the Internal Revenue Service has announced two new audit campaigns targeting overseas investors who own or hold interests in U.S. property.

Is CRE’s Rebound Gaining Traction?

When COVID-19 hit the US, it triggered an unprecedented lockdown, unabated mixed-to-grim forecasts, and delayed many commercial real estate projects. Those concerns may be easing, according to SIOR’s monthly Snapshot Sentiment Survey.

Two Fast Casual Restaurants Ink Lease Deals For New Locations In Miami, Both Seek To Open Additional South Florida Locations

Both lease deals were negotiated by Brandee Goldstein, Tenant/Landlord Representative with FIP Commercial Realty.

Retail Rent Collection Has Nearly Returned To Pre-Pandemic Levels

While national chains still face financial woes, there are some signs of recovery within the retail sector — particularly in categories such as gyms and clothing stores.

FIP Commercial’s Roy Faith Reps ShareMD In Purchase Of Three-Building Medical Office Campus In Miami

“This completion of this deal shows the strength of the medical sector,” added Faith. “Even during a pandemic, we managed to successfully close in a timely and efficient manner. Both the Buyer and Seller understood the current climate and managed to close before the expected closing date, which really is a credit to all involved. The healthcare sector continues to be a very sought-after type of asset class especially given where we are today. We have been seeing a lot of interest in MOBs –  not just recently, but for a number of years.”

JDS Development Unveils Plan For 2.5M-Square-Foot Project In Miami’s Brickell

Under its new plans, JDS Development would build 1,175 multifamily units in about 1 million square feet, a 110,000-square-foot hotel with 200 rooms and 6,000 square feet of meeting space, 200,000 square feet of offices, 100,000 square feet of health and wellness, 11,000 square feet of restaurants, and about 1,000 parking spaces.

What’s Next For Renters, Landlords After State Eviction Moratorium Expires

Some housing advocates fear families will be placed in a tough position with the eviction moratorium expiring at the same time utility companies are resuming shutoffs.

Landlords Eye Taking Cut Of Retailers’ Online Sales As Rent

As shopping habits shift towards the digital, some property owners think demanding a portion of online sales is not only fair but might be necessary.

What Trends Should Florida Investors Keep Tabs On?

Currently, locals are increasingly looking for residential options in suburbs and rural areas—and shying away from high-density metros—but this trend is likely to reverse once the crisis recedes.

Shopping Center Owners, Retailers In Florida Seize Opportunities In Effort To Outlast COVID-19 Pandemic

The outbreak of COVID-19 has redefined the consumer experience for retail the past several months, but even though it looks and feels different, owners and property managers have reasons for optimism. G

Florida Precision Oncology To Open 15,000-SF Cancer Care Services Facility From New Location At Recently Completed Aventura Medical Tower

FIP Commercial President/Broker Roy Faith and VP of Leasing Julian Huzenman represented the landlord in the lease deal. Jay Whelchel of Whelchel Partners represented 21st Century Oncology.

EIG Aims To Convert Shuttered Ramada Inn In Hialeah To Apartments

The developer is seeking a special use permit to convert the hotel building into apartments through adaptive reuse. It would have 251 apartments, with 90% studios ranging from 340 to 599 square feet, and the other 10% one-bedroom units starting at 600 square feet.

Shopping Centers Stay Strong In South Florida. Miami-Dade County Has A 92.9 Occupancy

Some new restaurants and retailers moving into recently vacant storefronts may help counteract the anticipated closings.

Luxury Miami Condo Association Sues Airbnb

Transient renters have led to problems including a shootout in an elevator and increased costs for security, maintenance and insurance, the condo association alleges.

How The Pandemic Has Changed Apartment Building Amenities

While slow to embrace major changes — some developers say they’re hopeful that pandemics will not be a concern when their projects finally open in 2023 — developers are making tweaks in the face of the COVID era.

Is The Pandemic Priming Neighborhoods For A New Wave Of Gentrification?

Evictions, foreclosures, and city dwellers seeking greener pastures may exacerbate an already precarious housing market.

How Covid-19 Is Changing Leasing Agreements For Businesses

New leases are being written with substantial changes, particularly in regard to provisions that provide relief for tenants that are unable to fulfill their contract obligations because of circumstances out of their control, such as a natural disaster or pandemic. 

14 Big Factors Driving CRE Trends This Year And Beyond

The current climate and circumstances created by the Covid-19 pandemic will continue to impact real estate trends in the months and years to come, and if you’re in the industry, it’s important to be prepared for what’s ahead.

To Fill Vacant Stores, Lincoln Road Seeks Pop-Up Businesses

Terranova’s founder and Chairman Stephen Bittel told Miami Today that the corporation plans to target local and regional retailers and is already communicating with two possible short-term tenants: a plant store and a vintage boutique.

How One South Florida Landlord Made Forbearance Decisions

By making forbearance decisions in March and April, this owner mitigated the immediate need for rent relief.

Robot Used To Kill Coronavirus In Hospitals Now Being Tested In Residential Buildings

According to the study, LightStrike is 99.99% effective at deactivating SARS-CoV-2, the virus that causes Covid-19.

There IS A Doctor In The House: Amenities Get Medical In The COVID-19 Era

In this peri-pandemic era when home confinement is the prescription for avoiding infection and transmission of COVID-19, the appeal of having medical care come to you is undeniable.

Wary Of Another Shutdown, Retail Landlords Sweeten Pot For Tenants

Many insurance policies did not cover pandemic-related losses, leading landlords to find new ways to keep struggling tenants in place.

Prices Rise For Apartments With This Must-Have Feature

Even in a market partially paralyzed by the pandemic, places with this amenity are getting more looks than those without. Searches for New York City rentals with it are up 270% since before the pandemic started, according to real estate website StreetEasy.

Restaurants Can Reopen Dining Rooms In Miami-Dade Starting Next Week

Indoor occupancy will be limited to 50%, with a maximum of six people per table.

Miami Beach Approves Co-Working, Co-Living Project

URBIN Miami Beach Partners’ project was approved for 62,000 square feet of development, including four floors of coworking with 139 desks, 49 co-living units, 56 hotel rooms, and a 4,000-square-foot wellness center at 1234 and 1260 Washington Ave.

August Brings No Sign Of Rent Apocalypse

Industry groups are concerned that renters will not make payments as government money dries up.

Retail Center In Miami Health District Fetches $349 PSF

The two-story building was built on the 1.8-acre site in 2015. This is the first time it has sold.

Medical Office Building Sales Fell Nearly 50 Percent In Q2, But The Sector’s Outlook Is Strong

Despite lost revenue earlier in the pandemic, the medical office sector is bouncing back and will continue to be a stable and reliable asset class.

Investors Searching For Hotels In Distress

Hotels, especially older ones, that catered primarily to the airports or ports are more likely be bought for redevelopment. Those in areas with a growing renters population, including Hialeah, may have particular appeal.

Miami Beach’s Lincoln Road Finds 3 New Uses For Vacant Space Due To Pandemic

Refusing to sit idle, the Lincoln Road Business Improvement District (BID) and the brokerage community in Miami Beach have created alternate uses for vacant retail space, empty parking garages, and the open-air pedestrian promenade – through arts, culture, and fitness activations – to safely attract consumers and drive traffic to stores and restaurants in the open-air dining and shopping district.

South Florida Medical Office Buildings Trade For $313 Per Square Foot

The property consists of two newly renovated buildings located adjacent to one another totalling just over 14,000 square feet.

Miami Worldcenter Developer Sells Site For $24M

The property is next to Akara Partners planned mixed-use project.

Credit Unions Making Bigger Play For CRE Loans

Credit unions that have been working to grow market share in the commercial real estate lending space in recent years are taking advantage of open runway as other capital sources have pulled back in recent months. In fact, these institutions are willing to offer competitive terms and creative solutions.

The Hidden Dangers In Medical Lease Concessions

Allison Nelson, co-deputy chair of Akerman’s real estate group, says laws specific to the healthcare sector could open landlords up to compliance issues.

Webinar: South Florida Retail Outlook: What is the Impact of COVID-19 on South Florida’s Retail Sector?

Listen as a panel of retail experts discusses their gameplans: how they are working with tenants and their employees as the industry seeks to adapt. Hear about attitudes towards loans, rent reductions, property value, next steps and more.

Swire Sells Brickell City Centre Office Buildings

The buildings sold for a combined $163 million.

The CARES Act Is Positioning Healthcare Real Estate For A Bright Future

As the impact of the stay-at-home orders dissipates, there will likely be greater levels of health care that is being provided. And with support from The CARES Act, in addition to the resilience of the sector, there is a lot of optimism about the future.

Pair Of Mixed-Use Towers Planned For Wynwood

The vast development tops out at 375,383 square feet.

How Retail Leases Will Change In A Post-COVID World

GlobeSt. talked to a Cox, Castle & Nicholson partner about the retail lease provisions that will change as a result of the coronavirus pandemic.

Miami-Dade Property Appraiser Getting Sued Over Tax Bills

More suits are expected as real estate values take a hit due to coronavirus.

Will The Pandemic Kill Demand For Micro Units?

As demand for housing has boomed, especially in rent-burdened cities like New York and San Francisco, developers gambled that tenants would tolerate tiny units — some as small as 220 SF — for the chance to access cool neighborhoods at affordable rents. Now, though, some real estate experts wonder whether the coronavirus will kill, or at least cripple, the concept.

These Miami Neighborhoods Saw More Retailers Open Than Leave Amid Pandemic

These three markets defied the nationwide retail spiral, increasing total retail inventory by more than 10,000 square feet each.

Vulture Investors Circling In Search Of Dying Businesses And Available Space

Faced with heightened restrictions due to a surge in Covid-19 cases, coupled with a desire to keep employees safe, some Miami restaurants are calling it quits.

Survey: Patients Strongly Prefer Off-Campus Healthcare Experiences

In an effort to uncover critical insights into patient behavior and serve as thought leaders within the healthcare real estate industry, Physicians Realty Trust commissioned an independent survey in five of the Company’s largest markets to better understand consumer perceptions of healthcare facility safety within the context of the COVID-19 pandemic.

Multifamily Remains Strong Amid Health And Economic Uncertainty

Multifamily real estate has a long history of weathering economic storms.

There’s A New COVID-19 Store In Miami & It’s The First Of Its Kind

COVID-19 Essentials sells any-and-everything novel coronavirus related, but with a dash of Miami flare added to the mix.

Developers Plan Mixed-Use Project At Former Museum In Wynwood

The developers have three acres at the northeast corner of Northwest 29th Street and Northwest First Avenue under contract. The property to be redeveloped would include the former Rubell Family art museum building at 95 N.W. 29th St.

A Medical Complex Is Coming To Miami Worldcenter

The 100,000-square-foot Center for Health + Performance, or CH+P, will sit on the ground floor of the Legacy Hotel & Residences.

Pandemic Transportation Changes In Miami Could Become Permanent

Miami-Dade’s transportation picture has been in flux since the onset of the coronavirus pandemic, and many changes – including new safety strictures, increased telecommuting and a rise in non-motorized mobility – could prove permanent, experts say.

COVID-19 Will Accelerate Property Repurposing

In many ways, COVID-19 is accelerating transitions that had already been occurring in the commercial real estate world.

Moishe Mana Unveils First Phase Of Downtown Miami Development

Moishe Mana could use the 50 buildings he owns to develop a mass of towers in the core of downtown Miami, but he’s moving forward with a different vision.

More Tech Firms Eye Miami As COVID Carries On

South Florida could benefit from the pandemic, as companies look to take advantage of tax benefits, weather and more affordable housing costs.

How COVID-19 Could Inform The Future Of Medical Office Design

The next time you go to the doctor, the experience is likely to be quite different. As a result of COVID-19, how medical office space—and office space in general—is used is going to change.

Apartments With Ground Floor Retail Take A Hit On Rent Collections

However, despite losing some income from ground-floor tenants, relatively strong collections from core residential tenants have softened the financial blow for multifamily owners.

These Big Retailers Stiffed Their Landlords In May

About 40 percent of national retail chains once again skimped on their rent in May, according to the latest monthly report on collection rates.

New Children’s Hospitals In Texas Signal Pickup In U.S. Medical Building Demand

National healthcare construction may reach highest growth rate in past five years.