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Fund Snags BofA Plaza on Las Olas for $164M

Fund Snags BofA Plaza on Las Olas for $164M

By Georgiana Mihaila, Associate Editor The 23-story Bank of America Plaza at Las Olas City Centre in Fort Lauderdale is now part of a fund operated by JPMorgan Investment Management, 401 East Las Olas LLC. The trophy office building, currently 95 [...]…

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South Florida’s Central Station Kicks Off

South Florida’s Central Station Kicks Off

By Georgiana Mihaila, Associate Editor Tuesday, September 27 marked the construction start for the first complete transportation hub in South Florida—work began on the Miami Central Station. Florida Department of Transportation Secretary Ananth Prasad joined local officials and representatives of Amtrak, [...]…

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JV Acquires Continental Bayside Hotel for $13.5M, Plans Full Renovation

JV Acquires Continental Bayside Hotel for $13.5M, Plans Full Renovation

by Georgiana Mihaila, Associate Editor The Continental Bayside Hotel is heading toward a full renovation after its recent change of owners; Weston, Fla.-based InSite Group and an affiliate of the Washington, D.C.-based Carlyle Group formed a joint venture for the purchase [...]…

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$3B Resorts World Miami Master Plan Unveiled

$3B Resorts World Miami Master Plan Unveiled

By Georgiana Mihaila, Associate Editor The Genting Group recently unveiled the awaited master plan for the $3 billion Resorts World Miami. The mega resort project caused quite a stir with its curvaceous multi-tower design with an LED-lit exterior and its size [...]…

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1450 Brickell Leading Commercial Market Recovery

1450 Brickell Leading Commercial Market Recovery

By Georgiana Mihaila, Associate Editor According to a recent report by CB Richard Ellis, Florida’s commercial property market will continue to recover at a slow and steady pace, with Miami-Dade County leading the way in new activity. The report shows that [...]…

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Carrfour to Deliver First 56 Affordable Units with NSP2 Funds

Carrfour to Deliver First 56 Affordable Units with NSP2 Funds

By Georgiana Mihaila, Associate Editor Carrfour Supportive Housing is putting federal stimulus dollars to work with the purchase of a formerly distressed apartment complex, Harvard House Apartments. The Miami-based developer purchased the property through funds from the U.S. Department of Housing [...]…

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AON Group Renews Brickell Lease; 2525 Ponce Signs Quest Workspaces

AON Group Renews Brickell Lease; 2525 Ponce Signs Quest Workspaces

By Georgiana Mihaila, Associate Editor Insurance giant AON Group has renewed its lease at Brickell Bay Office Tower in what marks the largest office lease transaction completed this year in Miami’s Brickell office market. Currently 91 percent occupied, the Class A [...]…

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A ‘Greener’ South Florida with New Hampton Inn and FAU Building

A ‘Greener’ South Florida with New Hampton Inn and FAU Building

By Georgiana Mihaila, Associate Editor South Florida is about to get much greener, as Hampton Inn & Suites Miami Brickell-Downtown, slated for opening next month, set its sights on becoming Miami’s first LEED Certified hotel and the third LEED Certified Hampton [...]…

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Las Olas City Centre to Sell for $160M; 396 Alhambra Opens South Tower

Las Olas City Centre to Sell for $160M; 396 Alhambra Opens South Tower

By Georgiana Mihaila, Associate Editor Las Olas City Centre, the prominent Fort Lauderdale office tower, is being purchased by a fund related to JP Morgan Investment Management for $160 million, or $400 per square foot. According to South Florida Business Journal, [...]…

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Vertical Development Starts on $200M New Miami Art Museum

Vertical Development Starts on $200M New Miami Art Museum

By Georgiana Mihaila, Associate Editor With its structural foundation now complete, the new Miami Art Museum at Museum Park will soon begin vertical development. The $200 million project, designed by Herzog & de Meuron, has reached an important milestone—passing on to [...]…

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Opening Nears for New Hampton Inn & Suites

Opening Nears for New Hampton Inn & Suites

By Georgiana Mihaila, Associate Editor With the opening date set for September 2011, Hampton Inn & Suites Miami Brickell-Downtown has begun wrapping up the final details by appointing two new members to the hotel’s senior staff. Eduardo Chapoval, appointed general manager, [...]…

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Aventura Optima Plaza Seeking Tenants; Construction Starts for The Building

Aventura Optima Plaza Seeking Tenants; Construction Starts for The Building

By Georgiana Mihaila, Associate Editor The Aventura Optima Plaza, the first local project for Mexican developer Ariel Bromberg, is seeking tenants one year before completion; Colliers International South Florida has been hired as the exclusive agent, with Executive Vice President and [...]…

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