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Flagler Station Sold to AEW Capital for $340M

Flagler Station Sold to AEW Capital for $340M

By Georgiana Mihaila, Associate Editor Less than three months ago, TPG Capital’s intent of buying Flagler Development’s 12 million-square-foot portfolio of developed assets for over $1 billion was one of South Florida’s biggest commercial real estate news stories. Yet last month, [...]…

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Newgard Hires JMAF as General Contractor for BrickellHouse

Newgard Hires JMAF as General Contractor for BrickellHouse

By Georgiana Mihaila, Associate Editor John Moriarty & Associates of Florida has been selected by Newgard Development Group to serve as general contractor for the developer’s 374-unit luxury condominium tower—BrickellHouse. “JMAF’s industry expertise will ensure that we meet our 2014 completion [...]…

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New Cambria Suites Hotel Breaks Ground in Miami

New Cambria Suites Hotel Breaks Ground in Miami

By Georgiana Mihaila, Associate Editor Miami is one step closer to getting a brand new Cambria Suites hotel. SunflowerHospitality, Delant Construction and Choice Hotels International celebrated the official groundbreaking of the new Miami hotel on March 28 during an on-site ceremony [...]…

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Downtown Miami Defies National Trend with Residential Occupancy Up to 93 Percent

Downtown Miami Defies National Trend with Residential Occupancy Up to 93 Percent

By Georgiana Mihaila, Associate Editor Less than three years ago, tens of thousands of condo units built during the 2002-2008 boom sat empty in downtown Miami. Yet what was arguably the worst real estate market in the country following the crash [...]…

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Swire Properties Moves Forward with Large Brickell CitiCentre Project

Swire Properties Moves Forward with Large Brickell CitiCentre Project

By Georgiana Mihaila, Associate Editor Developer Swire Properties is currently testing and preparing the site where its mega-project Brickell CitiCentre will soon begin to rise. The South Florida Business Journal reports the developer has received a $140 million credit by HSBC [...]…

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Premier South Florida Oceanfront Site Slated for Development

Premier South Florida Oceanfront Site Slated for Development

 By Georgiana Mihaila, Associate Editor Aventura-based Shefaor Development is scouting the market for potential buyers or joint-venture partners to aid in the development of a 1.6-acre site between Bal Harbour and Fort Lauderdale. Marketed as one of the last premier oceanfront [...]…

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Related Buys 33-acre Site for New Multifamily Community

Related Buys 33-acre Site for New Multifamily Community

By Georgiana Mihaila, Associate Editor Related Development is one step closer to building its newest rental community in West Miami-Dade, as the residential developer recently purchased a 33-acre site for $20.5 million. The property, located at the junction of Northwest 97th Avenue [...]…

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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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