The Boymelgreen family from Brooklyn plans to redevelop an entire block in Surfside into a townhouse project. The Jewish Orthodox family was a major player in Miami during the previous development boom, before exiting the market during the recession. They’ve now returned to the market, as this is their second proposal, following a recent application…
The Midora at Woodmont Apartments in Tamarac sold for $27.2 million, a 55 percent gain from its previous trade four years ago. Fairfield Woodmont Park, an affiliate of national multifamily investor Fairfield Residential, sold the 199-unit garden-style apartment community at 7790 N.W. 78th Ave. to We Midora Owner and Selwyn Midora Owner, with interests of…
SBA Communications Corp. will go before the Boca Raton Planning and Zoning Board on Thursday evening for permission to expand its headquarters. The wireless communications tower company (Nasdaq: SBAC) currently occupies a four-story, 167,304-square-foot building at 8051 Congress Ave. It wants to build a three-story, 63,359-square-foot building to house more of its operations. The parking…
2012 photo of the Miami skyline Miami renters beware: the city has held its title as eighth-most expensive rental market in the country this summer, and prices are still rising. According to a newly released report from listing service Zumper, median rents in many of Miami’s already unaffordable neighborhoods are growing at a moderate pace.…
Staybridge Suites broke ground near Miami International Airport after the developer obtained a big construction loan. Grapeland Hospitality Development, managed by Marianela Hernandez in Coral Gables, received an $18.54 million mortgage from Banesco USA. Coral Springs-based Bluewater Builders recently commenced construction on the 153-room hotel at 3683 N.W. 25th Street. The six-story building will include…
A developer filed plans for a commercial/retail center and a private school in Miami-Dade County’s Kendall/Tamiami neighborhood. Tamiami Square would be on a seven-acre site at the southwest corner of Southwest 136th Street and Southwest 157th Avenue. It’s near Lennar Homes’ new Crestview community. Under a site plan and rezoning application filed on July 14…
A California developer wants to build a 204,135-square-foot self-storage facility near Palm Springs and Greenacres. The Palm Beach County Commission will vote on the rezoning and site plan for Matthews Mini Storage on July 28. The application for the 3.94-acre vacant site at 2911 and 2927 S. Military Trail was filed by Trico Capital Investments,…
The River Landing mixed-used project in Miami has 65 percent of its retail space pre-leased as it has announced new tenants. Meanwhile, the foreclosure litigation over the property could be resolved relatively soon. Located along the Miami River at 1400, 1420 and 1500 N.W. North River Drive, the project was approved for 537,000 square feet…
Foreign investment in South Florida commercial real estate soared to a nine-year high in 2015, according to CBRE Group. The commercial brokerage highlighted international investment in the state in a report called “Florida: A Destination for Global Capital.” Not surprisingly, South Florida accounted for the majority of the foreign investment activity in the state. Foreign…