Miami are Fort Lauderdale are the No. 1 and No. 2 retail markets in the U.S. for prospective investors, according to a report by online real estate marketplace Ten-X. The outlook report says employment growth positions the cities as great places to buy up retail assets in the next three years. But good luck getting…
The Ofizzina 1200 office condo project in Coral Gables secured a $10.5 million construction loan from an offshore entity. Funding Rock Investments, a British Virgin Islands company managed by Greenspoon Marder attorney Manuel L. Crespo, provided the mortgage to Ofizzina 1200 LLC, an affiliate of Miami-based the Solution Group headed by Camilo A. Lopez. The…
Miami’s Design District has become a magnet for ultra-high-end retail (Credit: Robin Hill) A stable economy and growing rental rates have pushed Miami and Fort Lauderdale to the top in the newest retail market outlook study. The Ten-X report included the top “buy” and “sell” markets for retail real estate properties, including those two South Florida cities.…
The Two MiamiCentral office building under construction in downtown Miami signed leases with Cisneros ad Moss & Associates to push pre-leasing to 60 percent. Cisneros, a media, entertainment and real estate firm, will occupy 30,000 square feet on the top two floors of the office building after relocating from Coral Gables. The 10-story building will…
Ivy Realty acquired a five-build office portfolio in Miami’s Waterford at Blue Lagoon business park for $68.25 million, or $191 per square foot. The property near Miami International Airport was sold by fund manager DRA Advisors, which was represented by Cushman & Wakefield’s Mike Davis, Scott O’Donnell, Michael Lerner, Rick Brugge, Dominic Montazemi and Miguel…
From left, Christoper Coleman and Angel Sanchez and 7521 Biscayne Boulevard Venezuelan fashion designer Angel Sanchez, known for his evening gowns and bridal collection, is launching his first showroom and studio in Miami’s MiMo District, The Real Deal has learned. The studio, which will be a collaboration with interior designer Christopher Coleman, marks the latest…
The second phase of the 595 Park of Commerce in Davie has broken ground after the developer obtained a construction loan. FM Capital’s Daniel Kaweblum arranged the $4.45 million loan from Ocean Bank to Brick O Development. The 50,200-square-foot flex-industrial complex is under construction at 10368 W. State Road 84. The 595 Park of Commerce…
An aviation component and sales company is seeking incentives to create 15 jobs at its expanded regional headquarters in Miramar. The city commission will consider two incentive deals for the company, identified only as “Project Birdie” at its meeting Wednesday evening. The company could receive $45,000 from the Qualified Target Industry tax rebate program, with…
The owners of six contiguous parcels in the Miami Design District have decided to market them together as the potential development site, asking $37.5 million. Metro 1 Commercial was hired to market the properties at 4000 and 4030 North Miami Avenue, 20 and 24 N.W. 41st Street and 15 N.W. 40th Street. The 43,756-square-foot site…
Rendering of Two MiamiCentral All Aboard Florida just brought on another pair of office tenants for its MiamiCentral mixed-use development in downtown Miami, and the company also announced it’s hired H3 Hospitality to lease out the project’s retail spaces. Global media company Cisneros and general contractor Moss & Associates both reserved spaces at Two MiamiCentral,…