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BrickellHouse Leads Miami’s Next Wave of Condo Development

BrickellHouse Leads Miami’s Next Wave of Condo Development

By Georgiana Mihaila, Associate Editor Less than four months since launching, BrickellHouse has managed to sell 50 percent of its future 374 units of condo space near downtown Miami. The fast-paced sales activity is being driven by international, cash-heavy buyers from [...]…

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Miami Heart Institute Trades Owners, Awaits Resolution

Miami Heart Institute Trades Owners, Awaits Resolution

By Georgiana Mihaila, Associate Editor Holliday Fenoglio Fowler recently announced the successful sale of the Miami Heart Institute to Lionheart Capital after years of scouting for a potential buyer. No financial details have been disclosed, but seller Mount Sinai Medical Center [...]…

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Miami Herald Signs Lease for New 158,000-square-foot Headquarters

Miami Herald Signs Lease for New 158,000-square-foot Headquarters

By Georgiana Mihaila, Associate Editor The Miami Herald Media Company has found a new place to call home: the former U.S. Southern Command headquarters in the heart of Doral. The Herald has signed a lease for the entire 158,265-square-foot building while [...]…

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Miramar Park of Commerce Lands 1M Sq Ft Worth of Leases in 2011

Miramar Park of Commerce Lands 1M Sq Ft Worth of Leases in 2011

By Georgiana Mihaila, Associate Editor Miramar Park of Commerce prides itself on over one million square feet of space leased in 2011 with 60 percent of new tenants coming from healthcare related companies. The healthcare and biotech company surge in the Park [...]…

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396 Alhambra Lands HBO Latin America as Major Tenant

396 Alhambra Lands HBO Latin America as Major Tenant

By Georgiana Mihaila, Associate Editor HBO Latin America Group has signed what is said to be the largest 2011 lease in Coral Gables for 66,000 square feet at 396 Alhambra. Starting with the third quarter of 2012, HBO Latin America will [...]…

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Banah Moves HQs to Hialeah, Signs Top Lease

Banah Moves HQs to Hialeah, Signs Top Lease

By Georgiana Mihaila, Associate Editor Terreno Realty Corp. landed what is considered to be one of 2011’s biggest leases by signing a deal with sugar producer Banah International for 300,000 square feet of space. The South Florida Business Journal reports that [...]…

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Loan Modification for CityPlace, Refinancing Arranged for Gateway Centre

Loan Modification for CityPlace, Refinancing Arranged for Gateway Centre

By Georgiana Mihaila, Associate Editor The CityPlace mixed-use center managed to dodge foreclosure as Stephen Ross—owner of the Miami Dolphins—agreed to a modified mortgage. According to the South Florida Business Journal, back in September, a commercial mortgage-backed securities trust with Miami [...]…

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Construction Starts on Margulies’ Newest Condo Tower

Construction Starts on Margulies’ Newest Condo Tower

By Georgiana Mihaila, Associate Editor As part of the recent streak of new condo developments in the South Florida area, the last William Islands residential site is about to be occupied by a new high-end condo project. Developer Martin Z. Margulies [...]…

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Cervera Real Estate Tapped to Sell BrickellHouse Luxury Units

Cervera Real Estate Tapped to Sell BrickellHouse Luxury Units

By Georgiana Mihaila, Associate Editor Newgard Development Group has chosen Cervera Real Estate to serve as the exclusive sales and marketing agent for its newest luxury condo tower, BrickellHouse. The $170 million project, slated to break ground in the third quarter [...]…

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1450 Brickell Lands Three New Leases, UMLSTP Gets Four

1450 Brickell Lands Three New Leases, UMLSTP Gets Four

By Georgiana Mihaila, Associate Editor The Class A 1450 Brickell office tower in Miami’s Brickell Financial District recently announced plans to add 23,300 square feet worth of finalized leases; the 35-story tower has landed Gentrust Wealth Management and M&A advisory firm [...]…

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Porsche Design Teams Up with Dezer for $650M Condo Tower

Porsche Design Teams Up with Dezer for $650M Condo Tower

By Georgiana Mihaila, Associate Editor Porsche Design plans on making a grand entrance into the South Florida multifamily market by partnering with Dezer Properties for its $650 million Sunny Isles Beach condo tower. The major project, named Porsche Design Tower, has [...]…

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Hersha Signs Deal to Buy Cortyard Miami Beach Oceanfront for $95M

Hersha Signs Deal to Buy Cortyard Miami Beach Oceanfront for $95M

By Georgiana Mihaila, Associate Editor Hersha Hospitality Trust is preparing to enter the Miami market by signing a purchase contract to acquire the Courtyard Miami Beach Oceanfront. Hersha has agreed to pay $95 million, or $361,217 per key, for the 263-room hotel [...]…

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