Miami
Coldwell Banker Commercial Alliance Opens New Miami Office
Coldwell Banker Commercial Alliance has opened a new brokerage and advisory services operation in Miami, with commercial real estate brokerage veteran and former Miami-Dade municipal mayor Jim McCoy at its helm.
Four Seasons to Brand Fort Capital’s Luxury Oceanfront Mixed-Use Project
Fort Capital, has entered an agreement with Four Seasons to brand and manage The Surf Club, a luxury mixed-use property currently under construction on 9-acres of surfside land that Fort Capital acquired in 2012. Development started on the buildings in fall 2013 with Coastal Construction serving as general contractor. The project is on schedule to be completed in early 2016.
ARTIC Acquires St. Regis Bal Harbour Resort for $213M
Al Rayyan Tourism Investment Company (ARTIC) along with Starwood Hotels & Resorts Worldwide Inc. recently announced that ARTIC has purchased the St. Regis Bal Harbour Resort in Miami. The transaction was worth $213 million.
Wood Partners Announces Changes to Board of Directors, Executive Team, Investment Committee
One of the nation’s top multi-family developers, Wood Partners is planning more than $1 billion in construction this year, but will do it with some leadership changes, including a new chairman of the board and president.
First Miami International Tradeport Warehouse Completed
Liberty Property Trust’s Miami International Tradeport initiative reached an important milestone as the commercial real estate leader started the New Year by celebrating the completion of the industrial park’s first warehouse.
Miami Beach’s Southgate Towers Undergo a $40M Renovation
The bayfront apartment buildings at 900 and 910 West Avenue will soon get a fresh look inside and out as ADD Inc. undertook a $40 million recovery of the community. Henrico, Va.-based Gumenick Properties owns and manages the complex. The improvements include 495 newly designed residential units, public areas, the addition of pool cabanas, retail spaces, a restaurant and a whole new facade.
Greystone Lines Up Its First Multifamily Project in Miami Market, Near Miracle Mile
A new company is set to try the water in Miami as Greystone has lined up its first multifamily project for the area’s market. The financial services and private investment group has acquired a development site in one of the most sought after areas of Miami, Miracle Mile. Greystone is part of a joint venture that also includes local company Alta Developers and Strategic Properties.
Centro Breaks Ground in Downtown Miami
Construction has officially begun on Centro, a $90 million, 37-story, 352-unit residential condominium tower in Miami’s central business district.
Development Starts on New Hyatt Place Near MIA
Construction is beginning on a new Hyatt Place property near Miami International Airport. Located at 3549 Le Jeune Road near the intersection of State Road 112, the 135-room Hyatt Place Miami Airport will be the first newly built Hyatt Place in Miami. The development is a joint venture between Mayan Properties, Concord Hospitality and Travelers Hotel Group.
CWCapital Sells 300 KSF Miami Office Property to Related for $104M
Four years after taking on the role of special servicer for a loan secured by the 302,300-square-foot office property at 444 Brickell in Miami, CWCapital Asset Management has sold the asset to Related Group for $104 million.