Investor doubles assembly across from MiamiCentral site

The acre of land purchased by investors in downtown Miami and the MiamiCentral development site A pair of investors recently doubled their property holdings in downtown Miami with the $6.3 million purchase of three parcels. The properties are directly across the street from All Aboard Florida’s MiamiCentral station — a massive mixed-use development that promises…

Repossessed office complex sold for $23.5 million

The repossessed Commercial Place office complex in Oakland Park sold for $23.5 million, a moderate discount to its foreclosed mortgage. American General Life Insurance Co., part of AIG, sold the property at 3230 to 3250 W. Commercial Blvd. to Brookwood CP Investors and Brookwood CP II, both affiliates of Brookwood Financial Partners in Beverly, Massachusetts.…

Virginia Key committee created amid boat show dispute

Miami Marine Stadium on Virginia Key Five years after approving a master plan for of Virginia Key, the city of Miami took the first step in creating an advisory board that will oversee development of the historic small island. Late Thursday, city commissioners unanimously granted preliminary approval to the establishment of the Virginia Key Steering…

CRE cycle heading for an end in 2016: report

Green Street Advisors’ Commercial Property Price Index and Forecast From the New York website: There’s been a lot of buzz lately about when, exactly, this current commercial real estate cycle will come to an end – when property values have truly peaked and the game winds down in a manner either gradual or, as seen in…

Wawa would be part of Sunrise shopping center

Konover South wants to build a 31,460-square-foot shopping center in Sunrise that would include a Wawa. The Deerfield Beach-based developer has the 9.8-acre site at the southwest corner of Commercial Boulevard and Northwest 94th Avenue under contract from Capital Bank. The Wawa service station and food store would occupy 6,199 square feet. Mixed uses at…