Florida International University plans to double the size of its Wellness & Recreation Center at the university’s Modesto A. Maidique Campus in west Miami-Dade. The project is expected to be completed by fall 2017. “Recreation centers are essential in helping us to provide wellness services to our students,” said Larry Lunsford, vice president for FIU’s…
Florida International University plans to double the size of its Wellness & Recreation Center at the university’s Modesto A. Maidique Campus in west Miami-Dade. The project is expected to be completed by fall 2017. “Recreation centers are essential in helping us to provide wellness services to our students,” said Larry Lunsford, vice president for FIU’s…
A Holiday Inn near Doral Central Park sold at a loss this week, Miami-Dade County property records show. The hotel, at 3255 N.W. 87th Ave. in Doral, traded for $15.77 million, a 7.8 percent decrease compared to its previous sale price of $17 million from November 2012. The seller was 87 Avenue Hospitality LLC, a…
Prologis sold a three-property retail portfolio in southwest Broward County to a a joint venture between DDR Corp. and Blackstone for $56.5 million. In the biggest of the simultaneously recorded deals, Morris Miramar Associates, part of Prologis (NYSE: PLD), sold the Fountains of Miramar at 3001 S.W. 160th Ave. (Dykes Road) for $35.79 million to…
Advance Tower, the South Miami office building where Interval International has its headquarters, was sold for $40 million. JW Advance LLC, a Boca Raton-based company managed by Jeffrey J. Weiss, sold the nine-story office building at 6262 Sunset Drive to US RV VI Sunset Drive LLC, an affiliate of USAA Real Estate Co. Cadence Bank…
The Aventura View office building sold for $38 million, an 85 percent gain over its price from three years ago. Steelbridge Concorde, a partnership between Steelbridge Capital and Apollo Global Real Estate, sold the 10-story office building at 2999 N.E. 191st Ave. to COFE CIX Aventura. The buyer, a Miami-based company managed by Mario A.…
Miami skyline (Credit: Wyn Van Devanter), from left: Carlos Melo, Ugo Colombo, Gil Dezer, David Polinsky and Jack McCabe Despite high confidence among prominent Miami developers that the real estate market is not due for a significant downturn in 2016, some experts are cautioning that sales will continue to dip, which could possibly ignite a…
Janet Yellen From the New York website: Could the Federal Reserve’s interest rate hike this month prove the end of an era? The Fed’s first interest rate increase in nine years may very well signal the end of a cycle that has seen 33 straight months of price growth of at least 10 percent in…
A developer wants to build a mixed-use project in Miami-Dade County’s Model City neighborhood with a supermarket on the ground floor and apartments above. Par Family Enterprises, owned by Pedro Omar Rodriguez and Ana V. Rodriguez in Miami Beach, filed an application with county officials on Dec. 22 for the project at the southwest corner…