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Miami Entertainment Complex Prepares for Key Scene

Miami Entertainment Complex Prepares for Key Scene

Miami Entertainment Complex will be developed and operated by EUE/Screen Gems as on Nov. 20 the Miami Omni Community Redevelopment Agency’s board of directors voted unanimously to begin negotiations with the proposer. The Miami Omni CRA has been seeking proposals from qualified bidders to design, build, operate and manage a…

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Developers Join Forces to Revive Overtown

Developers Join Forces to Revive Overtown

Overtown’s fortunes are on the rise regarding the hundreds of construction jobs and long-term jobs a twin-project next to Lyric Theater is expected to bring.…

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CGI Acquires 55 Miracle Mile with $22 Million Loan

CGI Acquires 55 Miracle Mile with $22 Million Loan

CGI Merchant Group LLC recently acquired 55 Miracle Mile, a mixed-used project for $26.75 million. The 65,000-square-foot property located in Coral Gables was previously owned by CF Miracle Mile, LLC. The transaction was partially backed by a loan.…

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New Luxury Apartments Come to Bird Road in Coral Gables

New Luxury Apartments Come to Bird Road in Coral Gables

Mill Creek will develop 262 Class A luxury apartment units in Miami. The complex, standing in with Mill’s Modera brand name and indicating its location on Bird Road – an important traffic corridor of the area – is to be called Modera Bird. Central location of the luxury homes in…

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Parkland Senior Living Community Sold Under Pre-Recession Price

Parkland Senior Living Community Sold Under Pre-Recession Price

The Aston Gardens at Parkland Commons has been sold for $62.8 million. Boca Raton-based AG Parkland Senior Housing I, a branch of Kayne Anderson Real Estate Advisors bought the Class A facility from Discovery SAG Parkland Commons, affiliated with of Discovery Communities in Bonita Springs.…

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Holiday Inn Greenlit Despite Protests

Holiday Inn Greenlit Despite Protests

Developer Hardial Sibia’s plan to build a four-story, 93-guest room Holiday Inn Express in Boynton Beach has been approved Tuesday after six years of opposition of senior citizens who reside at the nearby Palm Beach Leisureville, within a few blocks from the site.…

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Morgan Group, Invesco JV to Develop Multifamily Community in Dadeland Golden Triangle

Morgan Group, Invesco JV to Develop Multifamily Community in Dadeland Golden Triangle

Multifamily developer The Morgan Group and a client of Invesco Real Estate formed a joint venture to buy and develop a 3.1-acre site located at the heart of the Dadeland Golden Triangle near the nexus of U.S. 1, Kendall Drive, the Palmetto Expressway and Metrorail.…

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Art Deco Berkeley Shore Hotel Sold After Nine Months On the Market

Art Deco Berkeley Shore Hotel Sold After Nine Months On the Market

Two Argentina-based investors, Jorge Savloff and Marcelo Tenenbaum acquired the Art Deco Berkeley Shore Hotel in South Beach. The asking price, proclaimed in December 2012, was $13.78 million whilst the sale price was not yet published, only described as “very close” to the above figures.…

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Development on Patricia and Phillip Frost Museum of Science Moves at Fast Pace

Development on Patricia and Phillip Frost Museum of Science Moves at Fast Pace

Construction on the Patricia and Phillip Frost Museum of Science has reached another milestone, with more than 75 percent of the plaza deck poured, supports for the first level of the Gulfstream aquarium installed, and the lower half of the planetarium structure complete.…

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JLL Closes Miami’s Largest Industrial Lease of the Year

JLL Closes Miami’s Largest Industrial Lease of the Year

Ozburn-Hessey Logistics will soon be occupying the entire Pan American North Distribution Center in Medley, Florida, after signing what is said to be the largest new lease signed in Miami’s industrial market this year.…

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Coral Gables, Miami Beach Add Prime Retail and Restaurant Space

Coral Gables, Miami Beach Add Prime Retail and Restaurant Space

Agave Holdings, LLC—the developer of 396 Alhambra—is looking to tap into the growing commercial, residential and tourism activity in the Coral Gables area, having added 17,800 square feet of prime street-level retail and restaurant space to its mixed-use development.…

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Miami Still King to International Homebuyers

Miami Still King to International Homebuyers

Although foreign buyers seem to be slightly less interested in Miami properties compared to the year before, Miami retains its spot as the most sought-after destination by international home buyers.…

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