Veteran developer Terra Group bought a public parking garage in Miami’s Coconut Grove neighborhood. The Miami Parking Authority, a quasi government agency that owns parking facilities throughout the city, sold the garage at 2850 Oak Ave. to Terra 2850 Mary Venture Partnership, which won a public bidding process after making an unsolicited offer. The four-story…
The Village at Gulfstream Park could get the second Cimemex dine-in movie theater in South Florida. The Hallandale Beach City Commission will consider an amendment to Gulfstream’s development agreement on Wednesday evening. It would allow a movie theater to be built behind Frankey’s Sports Bar, said Mike Fucheck, general council for Gulfstream Park owner Stronach…
CircleBack Lending could hire dozens of employees after expanding its headquarters in Boca Raton. Stiles Realty’s Matthew Schwartz represented the online lending firm in a seven-year, 42,000-square-foot lease at Boca Colonnade I. It previously leased 15,000 square feet in the same building. Liberty Property Trust, the landlord of the building at 777 Yamato Road, was…
Part of the Sears department store at the Pembroke Lakes Mall could be torn down to make way for a movie theater. General Growth Properties (NYSE: GGP) filed the application for the project at 12055 Pines Blvd. The Pembroke Pines Planning and Zoning Board was scheduled to consider it on Jan. 28, but city officials…
An aerial view of the Venetian Islands (Credit: Marc Averette) The South Florida residential market is battling global economic headwinds, but that isn’t stopping housing prices in the region from steadily appreciating. South Florida home prices grew by 8.1 percent year-over-year in November, according to a new report from S&P/Case-Shiller. That means the tri-county area…
A speculative 250,000-square-foot office building is set to break ground in the Waterford at Blue Lagoon business park in Miami. The groundbreaking ceremony will take place on Jan. 27 at 11:30 a.m. at 800 Waterford Way. The 10-story, “Class A” building is being developed by the Hogan Group, which manages the business park for co-owners…
Clockwise from left: A rendering of Manor at Flagler Village, the industrial building at 3375 Southwest 24th Street, Miramar Centre III and the building at 2800 North Andrews Avenue While Broward County might not have the same glitz and glamour of its southern cousin Miami-Dade, the county had plenty of big-ticket commercial deals last year that…
RADISE International, a wireless embedded data collector and consulting firm, will more than double its workforce in Riviera Beach with a $2 million expansion. The Business Development Board of Palm Beach County, Enterprise Florida and the Florida Department of Economic Opportunity worked with the company as it decided to create 60 jobs here. Founded in…
1555 Washington Avenue Popular eateries Yuca and Ceviche 105 are teaming up to open a new restaurant on Washington Avenue in Miami Beach: Cubiche 105. The city of Miami Beach has agreed to lease 7,130 square feet at 1555 Washington Avenue to an entity called Cubiche 105 LLC. The 10-year lease is priced at $56…
New York Stock Exchange From the New York website: Publicly traded real estate investment trusts could benefit from a decision by major stock indices to break out real estate securities into their own, separate sector. While real estate companies are currently lumped in with major financial companies likes banks and insurers, the S&P Dow Jones…