The Wrap: Russell Galbut wants to revise his plans for 1212 Lincoln Road, bill would tighten regulations on EB-5 visas…and more

Rendering of 1212 Lincoln Road and Russell Galbut 1. Russell Galbut wants to revise his plans for 1212 Lincoln Road [SFBJ]3. Bill would tighten regulations on EB-5 visas [Daily Business Review]3. Wood Tavern’s owner to open Allapattah’s first permanent marketplace [Miami New Times]4. Good news for three key Miami commercial real estate markets [GlobeSt] — Sean…

Government study recommends $190 million federal courthouse project in South Florida

A new General Services Administration study examined the possibilities for replacing the U.S. Court in downtown Fort Lauderdale, and concluded that constructing a new facility is likely the best solution. The current courthouse and federal building suffers from “significant space functionality” issues that impact security for judges and judicial staff and has infrastructure problems, including…

Red Lobster owner sells 3 Florida locations

The owner of Red Lobster sold three Florida properties occupied by its restaurants to a firm in Miami-Dade County’s Bay Harbour Islands for a combined $17.7 million. GGC Real Estate Investments, an affiliate of San Francisco-baed Golden Gate Private Equity, sold the restaurant buildings in Orlando, Fort Lauderdale and Kissimmee to JCS RedLob III, managed…

Retail real estate’s big week out

A popular time for private receptions is Monday night, when firms book dozens of venues that draw crowds that range from the hundreds to the thousands. From the National Market Report: What happens in Vegas may stay in Vegas. But what happens at RECon, the International Council of Shopping Centers’ annual retail real estate convention in…

150-room hotel proposed near international airport

Developer Allied Capital & Development of South Florida LLC may gain clearance to develop a 150-room hotel near the entrance of the Palm Beach International Airport once officials recommend the company for the job. PBIA’s operator plans to recommend the Jupiter-based developer to Palm Beach County’s Board of Commissioners for approval if a lease agreement…

Moishe Mana’s revised Wynwood project advances

Rendering of Moishe Mana’s proposed project in Wynwood and a photo of the developer (inset). Moishe Mana’s revised plan for a massive mixed-use development in Miami’s Wynwood area won approval from a city-chartered agency representing land owners in the area. The Miami City Commission on Thursday will consider preliminary approval of the proposed development. The Wynwood…