Miami
Sentai Penthouse $27M Sale Sets New Record for South Florida
One of the coveted penthouse residences atop Miami Beach’s famed Setai Resort has just set a new record for the most expensive condominium ever sold in South Florida. An anonymous buyer paid $27 million for the 7,100-square-foot residence. Jeff Miller of Zilbert International Realty was the broker involved in the…
Continue reading →Blanca Commercial Tapped to Lease Courthouse Tower, 8200 Doral
Miami-based brokerage and advisory firm Blanca Commercial Real Estate has recently expanded its leasing portfolio to 2.5 million square feet by adding Miami’s Courthouse Tower and 8200 Doral. “We are delighted to expand our agency leasing portfolio with the addition of Courthouse Tower and 8200 Doral,” said Tere Blanca, President…
Continue reading →Walmart Gets Final Approval for NW Miami-Dade Supercenter
Adding to the list of nearly 20 new or expanded stores planned in the next couple of years across South Florida, the Miami-Dade County Community Zoning Appeals Board green-lighted Walmart’s plans of building a Supercenter in Northwest Miami-Dade. Set at NW 32 Ave and 79 Street, the new retail center…
Continue reading →Terranova/Acadia Pay Record $139M for Lincoln Road Retail Portfolio
In what seems to be Florida’s largest retail acquisition of 2012, Terranova Corporation and Acadia Realty Trust paid $139 million for a three-building portfolio on Lincoln Road in Miami Beach. This addition of 801, 826, and 719 Lincoln Road to the Terranova/Acadia portfolio makes them the largest pure retail owner…
Continue reading →South Florida Hospitality Sector in Spotlight as Two Luxury Hotels Trade
As a diverse mix of leisure and business travel demand generators is driving strong hotel performance in the Southeast, investors seem to be more and more eager to enter the South Florida hospitality market.…
Continue reading →RLJ Lodging Agrees to Pay $71.6M for New Hilton in Miami Beach
The yet-to-be-completed 231-room Hilton Cabana Miami Beach will soon have new owners, as RLJ Lodging Trust has recently announced that it has entered into a purchase and sale agreement to acquire the property upon completion for $71.6 million.…
Continue reading →Related Group Buys $18.5M Mixed-Use Development Site
Another Related Group apartment development could rise at the intersection of Coral Way and South Miami Avenue, as the company recently closed on the $18.5 million purchase of a 1.29-acre mixed-use development site. The site is approved for the development of a 556-unit residential tower plus 15,049 square feet of…
Continue reading →Blanca CRE Tapped to Lease Office Component of Shops at Sunset Place
Simon Property Group has selected Miami-based Blanca Commercial Real Estate as the exclusive agent for 100,000 square feet of space that will be re-purposed for office, medical and related uses at the Shops at Sunset Place.…
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