Amazon.com signed a lease for its second distribution and fulfillment center in Miami-Dade County, according to county records. Flagler Global Logistics subsidiary SFLC Building 5 signed a lease with the Seattle-based web retailer (NASDAQ: AMNZ) for a facility that will be constructed in the South Florida Logistics Center at 3200 N.W. 67th Ave. It’s located…
A GEO Group subsidiary acquired a vacant site in Boca Raton for $9.9 million and plans to build its headquarters there. The prison and corrections facility owner and operator (NYSE: GEO) currently has its headquarters a few blocks away from the site it purchased at 4955 Technology Way. Its acquisition includes 1.1 acres of land…
Design Architecture Senior High A bidding process for Design Architecture Senior High School in the Miami Design District produced no offers for the property despite its location in the tony, retail-rich area. Appraisals of the school at 4001 Northeast Second Avenue for the Miami-Dade County public school system indicate the 40,600-square-foot site is worth $55…
Ultra Music Festival (Credit: Vinch)
1. South Florida’s millennial population continues to shrink [Miami New Times]
2. Miami faces worsening affordable rental crisis [SFBJ]
3. Newly built Gables manse cuts asking price to $9M [Curbed Miami]
4. Appeals court shrinks award after developers split over 3 projects [Daily Business Review]
— Sean Stewart-Muniz
Zillow CEO Spencer Rascoff From the New York website: If you’re looking to sell your home, is there an optimal window of time during the year — say a two-week period — when your listing is likely to sell faster and at a higher price than any other time? Put another way, could the ideal time…
Greystone paid $8.8 million for a shovel-ready apartment development site on the west side of Miami. The New York-based developer acquired the 34,690-square-foot vacant site at 1501 S.W. 37th Avenue – on the edge of Coral Gables – from Gables EB5 Ventures, managed by Ivan Rodriguez. The property last traded for $6.5 million in late…
Fontainebleau Miami Beach Turnberry Associates has closed on a $260 million boost to its existing mortgage for the Fontainebleau Hotel in Miami Beach. Miami-Dade County records show Turnberry affiliates took the loan out on Wednesday for the 1,594-room resort at 4441 Collins Avenue. The $260 million in financing boosts the mortgage to $795 million. Goldman Sachs…
The ground lease that runs with a new Walmart Supercenter in Fort Lauderdale was sold for $26.06 million. Gatlin Development, led by Frank C. Gatlin III in Fort Lauderdale, built the 189,543-square-foot Walmart at 2500 W. Broward Blvd. as part of the 36-acre Riverbend Marketplace just west of Interstate 95. Marcus & Millichap’s Lori Schneider…
The Fontainebleau Miami Beach hotel amended its mortgage with a $260 million increase. The hotel, owned by Aventura-based Turnberry Associates and the Soffer family, signed a $795 million loan, up from $535 million in late 2013. Goldman Sachs Bank provided $397.5 million of the note, while the other $397.5 million came from the Bank of…
A condo association lawsuit aims to halt the Apeiron condominium and hotel project at the Jockey Club near North Miami. On March 9, the two associations for the Jockey Club Condominiums I and II filed a lawsuit against Apeiron Miami and the association of the third condo building on the property. The complaint claims that…