A developer acquired its 10th property in Miami Beach, this time paying $12.25 million for a retail center at an intersection where it’s focused most of its purchasing buyer. The Plaza 1600 Partnership, managed by John M. Forte and Burt E. Connelly in Miami Beach, sold the 6,043-square-foot retail center at 1600 Alton Road to…
Richman Group of Florida acquired an apartment development site in Miami’s Edgewater neighborhood for $30 million. Boca Raton-based Encore Housing Opportunity Fund affiliates Edgewater Miami East Parcel, Biscayne Assemblage, Biscuit Properties Edgewater, Biscayne Miami 28th Street and Shoreline Edgewater sold 2.2 acres in multiple transactions to Biscayne Apartments LLC, an affiliate of West Palm Beach-based…
1600 Alton Road Forte Properties just sold its retail building on Alton Road for $12.25 million, and the new owner is already eyeing redevelopment plans. The deal was announced by listing brokerage Marcus & Millichap, which was hired to represent the seller of 1600 Alton Road in April 2015. Tenants at the building include Lyon…
David Beckham and a proposed rendering of the stadium So close and yet so far. The development team led by soccer star David Beckham has reportedly hit a roadblock while negotiating a land deal with Miami-Dade County for the planned Miami Soccer Stadium in Overtown. An email exchange between a county lawyer and a Beckham…
The Winn-Dixie-anchored Palm Aire Marketplace and four out-parcels in Pompano Beach sold for $28.25 million. NG Palm Aire Marketplace, an affiliate of New York-based Nightingale Properties led by Elie Schwartz, sold the property at the southwest corner of South Powerline Road/Pompano Parkway and West Atlantic Boulevard to Pompano Realty USA, an affiliate of Miami-based G…
1840 South Bayshore Lane in Coconut Grove A Venetian-style bayfront estate in Coconut Grove is heading to the auction block on May 18. The 9,947-square-foot mansion, with 30-foot vaulted ceilings, stained glass windows and Jerusalem stone floors with Palladian designs will be open to live bidders for a minimum bid price of $5.6 million after…
A warehouse complex in Palm Beach Gardens could be redeveloped into an office building and self-storage center. Nuvo Development LLC, an affiliate of Winter Park-based Nuvo Co., filed an application for the project on the 3.4-acre site at 10384 Riverside Drive. The project is scheduled to go before the city’s Development Review Committee on May…
Remember when the Internet’s biggest proponents began to make bold assertions that brick-and-mortar stores and print magazines would become a thing of the past? In 2016, we beg to differ. In fact, with the International Council of Shopping Centers’ annual RECon convention expected to bring 36,000 attendees to Las Vegas in the next few weeks,…
2008 photo of Miami’s skyline (Credit: Wyn Van Devanter) It’s been a busy first quarter for South Florida’s ever-tightening office markets, according to a newly released report from brokerage CBRE, with hundreds of thousands of square feet being leased out across all three counties. The numbers bode well for a region that’s increasingly marketing itself…