3900 Alton From the April issue: Miami-Dade is an international hotspot. About 55 percent of the county’s population is foreign-born and it was foreign investors who reenergized Miami’s real estate market following the fall of Lehman Brothers and the ensuing financial crisis. Yet despite the area’s global appeal, most developers have been content until recently with…
The new Turnpike Park industrial facility in Medley sold for $18.15 million. CH Realty VI-LPC I Miami Turnpike Park, an affiliate of Dallas-based Crow Holdings Capital Real Estate, sold the property at 11500 N.W. 123rd Street to LIT Industrial. The buyer is a Dallas-based private company that owns industrial properties nationwide. The 133,745-square-foot warehouse was…
The developer wants to build a pair of warehouses in Doral for a combined 92,732 square feet. Flightway Ten LLC received a recommendation of approval from the city’s planning and zoning department in March. It has yet to be scheduled for a hearing before the city commission. The project would be on the 5-acre site…
The owner of a Pompano Beach warehouse filed Chapter 11 reorganization in U.S. Bankruptcy Court to halt a foreclosure action. The 42,678-square-foot warehouse at 2303 West McNab Road got targeted with a foreclosure lawsuit by EverBank in 2012. Two years later, the bank sold the mortgage to Pine Portfolio, an affiliate of Newport Beach, California-based…
Kimco Realty Corp. acquired the remaining 45 percent ownership in two major South Florida properties in a $299.2 million deal. The New Hyde Park, New York-based retail developer (NYSE: KIM) said its acquisition of full control of the Oakwood Plaza shopping center in Hollywood and the Dania Pointe mixed-used project just to the south in…
A massive development proposed west of The Acreage has gained initial approval from the Palm Beach County Commission on Tuesday. Commissioners voted 6-1 in favor of a plan that would allow commercial development in the area and the construction of eight times as many housing units allowed under the current rules, according to the Palm…
The Sagamore Hotel in Miami Beach was sold for $63 million, nearly one month after longtime owner Marty Taplin passed away. Taplin fell to his death from a Bal Harbor condo tower in March at age 77. Police were investigating it as a suicide. He was in legal battle with the hotel’s lenders since 2009…
Terranova Corp. has started its construction and renovation project on South Beach’s trendy Lincoln Road retail strip. Miller Construction Co. is the general contractor for the $11.8 million project at 801 Lincoln Road. About half of the building was demolished and a new, three-story shop will be built on the corner of Meridian Avenue. The…
The Gale Residences Fort Lauderdale Beach started construction on April 6, Newgard Development Group said. The Miami-based developer is building the 129-unit project at 2900 Riomar St., across the street from the Intracoastal Waterway and a block west of the beach. It’s across the street from the W Fort Lauderdale. The condo will rise next…
The Gale Residences Fort Lauderdale Beach started construction on April 6, Newgard Development Group said. The Miami-based developer is building the 129-unit project at 2900 Riomar St., across the street from the Intracoastal Waterway and a block west of the beach. It’s across the street from the W Fort Lauderdale. The condo will rise next…