Renderings of the Wynwood Arcade, Miami Arts School and the Tree House building As developments like the Wynwood Arcade and Miami Arts Charter School get ready to open later this year, investors are still cashing in on properties away from Wynwood’s core. A group of New York buyers paid $3.9 million for a building at 2210…
Renovation work at the Miami Dolphins’ stadium in Miami Gardens (Credit: Allen Eyestone / The Palm Beach Post) The Miami Dolphins denied a report that the team’s $500 million stadium renovation might continue until November and said the team still expects to play its final preseason game there September 1. South Florida sports broadcaster Hank Goldberg…
Mary Jo Eaton has accepted a new position at CBRE, meaning the largest commercial real estate brokerage in Florida needs a new leader. CBRE named Eaton president of Florida and Latin America operations in September 2015. She was previously executive managing director for CBRE in Florida. Eaton is now listed on CBRE’s website as global…
The Pembroke Pointe 800 office building, which Duke Realty built on speculation in late 2015, landed GMMI Inc. and Elizabeth Arden as its first two tenants. Currently with its U.S. operations based in Sunrise, GMMI will move into about 36,000 square feet at the office build at 880 S.W. 145th Ave. in Pembroke Pines. The…
Clockwise from left: Chef Niven Patel, Tap 42, the former Apeiro space and Crumb on Parchment The Weekly Dish is a TRD recurring feature that showcases the latest in South Florida’s restaurant openings, leases and sales. The space last occupied by Apeiro Miami, open for less than a year, was leased to Tap 42, a craft restaurant and…
Bridge Development broke ground on a two-building speculative industrial project just off Interstate 95 in Fort Lauderdale. JPMorgan Chase Bank (NYSE: JPM) awarded a $22.62 million construction loan to Bridge FTL, an affiliate of the Chicago-based developer, for the 17.5-acre site at 2200 West Sunrise Blvd. The former concrete pipe manufacturing plant was acquired for…
The Armani/Casa brand is known for luxury and eye-popping dollar figures, so it’s no surprise that the construction loan for its first branded condo in the United States would be larger than the assets of many community banks as a whole. Wells Fargo Bank, as lead administrator for a group of lenders, awarded a $305…
After three years of repossession, the Renaissance Commons office building in Boynton Beach was sold for $13.9 million to IMC Equity Group. The bank seized the office, retail and self-storage space in Renaissance Commons in 2013 after foreclosing on the $47.2 million mortgage of Boynton Development Associates II. In November 2015, Wells Fargo sold the…
Codina Partners has launched sales of 5350 Park, the third condo tower at its Downtown Doral mixed-use project. Downtown Doral has a mix of residential, open-air retail and restaurants, office space and a charter school. The first condo 5252 Paseo is completed and sold out and the second condo, 5300 Paseo, should be finished this…
Rendering of Wynwood 25 East End Capital is looking to fill a void of new rentals in Wynwood with its latest project: a 289-unit apartment tower called Wynwood 25. Wynwood 25 As planned, the 400,000-square-foot project will include 31,000 square feet of ground floor retail and 340 parking spaces – the result of a massive…