Miami
Portman-CMC Reveals Cost-Effective Master Plan for Miami Beach Convention Center
After last month’s buzz over the stunning South Beach ACE proposal for the Miami Beach Convention Center, it is now time for the contending development team to take the spotlight. Portman-CMC, also currently bidding to re-develop the 52-acre Miami Beach Convention Center, has focused on the potential financial benefits of the development.
Parkway to Pay $66M for Fully Leased Miami Property
In a move to expand its presence in South Florida, Parkway Properties, Inc. will be buying the 140,000-square-foot Lincoln Place for $66 million in debt and stock, the South Florida Business Journal reports.
Three-Building Industrial Portfolio in Sunrise Trades for Nearly $40M
CBRE has recently assisted Irving, TX.-based Cobalt Capital Partners in finding a buyer for a three-building, Class A industrial portfolio located within the prestigious Sawgrass International Corporate Park in Sunrise, Florida. Industrial Income Trust of Denver, Colorado, paid $39,350,000 for the Sunrise Distribution Center, located at 900 International Parkway, 14599 NW 8th Street, and 13801 NW 4th Street.
PREI Enters Brickell District with $185M Office Tower Purchase
The 30-story, Class A Sabadell Financial Center located in the upscale Brickell Financial District of Miami has recently traded owners. The buyer, Prudential Real Estate Investors—acting on behalf of institutional investors in its flagship core open-end commingled fund—paid $185 million for the high-profile property also known as 1111 Brickell.
Iconic Miami Tower Wraps Up First Sky Lobby Modernization
Looking to retain its spot as a premier business address, Miami Tower has just completed a major renovation and modernization of its Sky Lobby.
Walmart Supercenter Opens in Davie, Adds 300 Jobs
A grand opening ceremony was held on April 10 for the new 154,400-square-foot Walmart Supercenter, where residents gathered to celebrate both the new retail options and the addition of 300 new jobs to the town of Davie, Fla.
South Beach ACE Unveils Breathtaking Proposal for Miami Beach Convention Center
With the competition for the spot to assist the City of Miami Beach in the redevelopment of the Miami Beach Convention Center being down to the last two contenders, South Beach ACE has now unveiled its master plan.
Chetrit Buys Historic Miami Beach Hotel for $117M
MBR Waterview has purchased the 18-story, 424-room Miami Beach Resort and Spa for $117 million. The seller was Blackstone Group, on whose behalf Jones Lang LaSalle Hotels & Hospitality Group arranged the sale.
Formerly Distressed Harvard House Re-opens after Major Renovation
A formerly distressed North Miami Beach apartment complex has recently reopened after undergoing an $8 million redevelopment process led by nonprofit affordable housing developers Carrfour Supportive Housing and the National Housing Trust.
SBE, Related Group Join Forces on $300M Condo Hotel
The Wall Street Journal reports that Miami’s ‘condo king’ Jorge Perez and Los Angeles nightclub entrepreneur Sam Nazarian will be working together on a $300 million condo hotel project planned for downtown Miami.