Miami
Art Deco Berkeley Shore Hotel Sold After Nine Months On the Market
Two Argentina-based investors, Jorge Savloff and Marcelo Tenenbaum acquired the Art Deco Berkeley Shore Hotel in South Beach. The asking price, proclaimed in December 2012, was $13.78 million whilst the sale price was not yet published, only described as “very close” to the above figures.
Stan Johnson Opens Office in Miami Area
Brian Buffone and Barry Wolfe have been named lead brokers in Stan Johnson Co.’s new Miami-area regional office in Fort Lauderdale.
OMA NY Wins Major Design Competitions in Miami Beach, Santa Monica
The city of Miami Beach has awarded its $1 billion redevelopment of the Miami Beach Convention Center to South Beach ACE, a team including OMA, Tishman Realty and UIA Management.
Development on Patricia and Phillip Frost Museum of Science Moves at Fast Pace
Construction on the Patricia and Phillip Frost Museum of Science has reached another milestone, with more than 75 percent of the plaza deck poured, supports for the first level of the Gulfstream aquarium installed, and the lower half of the planetarium structure complete.
JLL Closes Miami’s Largest Industrial Lease of the Year
Ozburn-Hessey Logistics will soon be occupying the entire Pan American North Distribution Center in Medley, Florida, after signing what is said to be the largest new lease signed in Miami’s industrial market this year.
Coral Gables, Miami Beach Add Prime Retail and Restaurant Space
Agave Holdings, LLC—the developer of 396 Alhambra—is looking to tap into the growing commercial, residential and tourism activity in the Coral Gables area, having added 17,800 square feet of prime street-level retail and restaurant space to its mixed-use development.
One Publix-Anchored Shopping Center Trades Hands
While Gold Krown LLC has just sold its 147,417-square-foot Publix-anchored shopping center in Vero Beach, developer Stiles has broken ground on a $35 million Publix grocery store-anchored retail shopping center in Hollywood, Fla.
Redbury Hotel to Bring Hollywood Glamour to South Beach
A unique partnership between Sam Nazarian’s SBE, Levy Restaurants founder and chairman Larry Levy and developer Bob Heyat will soon bring the award-winning Redbury hotel concept to South Beach.
Miami Beach, Aimco Open New Baywalk Section to Public
As part of Miami Beach City’s efforts of creating a public promenade, a new section of the Baywalk—along the Western waterfront from 5th Street to Lincoln Road—is now open to the public.
Miami Beach Convention Center Competitors Line Up Their Pros, Cons
In the latest round of the high-stakes competition to masterplan and redevelop the 52-acre Miami Beach Convention Center, the South Beach ACE team yesterday laid out the key points of both proposals and contended not only that its plan is better but that the Portman-CMC plan is shifting to resemble its own.