E-commerce fuels industrial REIT growth Demand for industrial space rises as more and more people online shop June 15, 2016 06:00PM A Walmart.com fulfillment center (Wal-Mart) From the Los Angeles website: Online shopping addiction seems to have an upside for industrial real estate investment trusts. Thanks to the rapid growth of e-commerce, industrial REITs have been…
2012 photo of the Miami skyline There are few public issues in Miami more visible and divisive than parking. On a broad scale, the city is studded with parking garages of all shapes and sizes, vast surface lots and now even self-parking robots, all meant to serve the nearly 2 million registered vehicles in Miami-Dade…
A home in Salinas, California (credit: Wikipedia Commons) From the Los Angeles website: Maybe it’s time to love your home less? After all, it is possible, for the emotional attachment of of your house to eclipse more practical matters — your overall finances. For instance, homeowners tend to always expect that their homes will increase…
2310 Northwest Second Avenue Scotch & Soda, the trendy Amsterdam-based retail chain, will open its first store in Wynwood, as the neighborhood continues to attract high-end shops, The Real Deal has learned. The store has signed a lease for 2,300 square feet at 2310 Northwest Second Avenue, and will relocate its shop from Miami’s Design…
Stefano Ricci store at 120 Northeast 39th Street in Miami About two years after Thor Equities bought the former NEST building in Miami’s Design District, the New York-based firm is looking to flip the property, now leased to Stefano Ricci. HFF is marketing the fully leased building at 120 Northeast 39th Street without a price, broker Luis…
200 East Flagler Street in downtown Miami As downtown Miami’s Flagler Street continues to evolve, a historic building is now up for grabs. Built in 1936, the historic Walgreens building is currently home to La Epoca Department Store. Habitat Development Corp., led by the Alonso family, owns the property at 200 East Flagler Street. Its TDRs, also known…
Boutique fitness studio franchise Orangetheory Fitness has relocated its headquarters. The exercise empire, originally based in Fort Lauderdale, will move to 6000 Broken Sound Parkway in Boca Raton, COO David Carney said. Carney said the move to the new 36,000-square-foot headquarters is a result of the company’s growth. It launched its first studio at 1835…
250 Wynwood and the Langford Hotel When it comes to developing boutique properties, investors must be prepared to finance most of the construction and fight for rezoning and land use changes for projects to get off the ground, according to a panel of small scale project builders who spoke at last week’s Urban Land Institute…
A piece of historical Art Deco property in downtown Miami is up for grabs. Once a Walgreens with a 60-seat soda fountain, the five-story building on the corner of Flagler Street and SE Second Ave. hit the market Monday. No price has been listed, said Colliers International brokers tapped to sell the property. The 49,847-square-foot…
A Miami-based real estate duo has snapped up the Lakeshore at University Park apartment complex in Miramar for $46.8 million, according to Broward County records. The buyer was Miami-based Lake Vista Apartments LLC, a collaboration between CFH Group’s Tom Cabrerizo and real estate developer Sheldon Lowe. The seller was California-based Fairfield Pier Club LLC. The…