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International Developer Gets Approval for $412M Downtown Mixed-Use Project

International Developer Gets Approval for $412M Downtown Mixed-Use Project

Espacio USA will soon move forward with its first major US investment, as the company’s latest mixed-use project—planned for Downtown Miami’s Omni area—recently received city approval.…

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Miami Welcomes First LEED-certified Hotel

Miami Welcomes First LEED-certified Hotel

The 221-room Hampton Inn & Suites Miami Brickell-Downtown was recently awarded LEED Silver certification by the U.S. Green Building Council, becoming the first LEED-certified hotel within the city of Miami.…

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Related Group Breaks Ground on Italian Luxury Condo

Related Group Breaks Ground on Italian Luxury Condo

On Wednesday, The Related Group celebrated the groundbreaking of its latest Miami project—the 382-unit 1100 Millecento Residences. This is second Related Group project for the Brickell area, following its famous MyBrickell.…

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Miami Tower Adds Dramatic LED Lighting to Skyline

Miami Tower Adds Dramatic LED Lighting to Skyline

Miami Tower is set to establish itself as an iconic symbol of the city by adding an LED Exterior Lighting system meant to both considerably reduce energy use and add a dramatic new look. The advanced system will reduce related lighting energy usage by 92 percent, save tenants and the…

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Perez Trading Signs One of 2012′s Largest Industrial Leases in Miami

Perez Trading Signs One of 2012′s Largest Industrial Leases in Miami

Paper and packaging company Perez Trading recently signed for 280,601 square feet at Prologis Gratigny Industrial Park in what seems to be one of South Florida’s largest industrial leases of the year.…

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Opening Nears for NSU’s New $50M Research Facility

Opening Nears for NSU’s New $50M Research Facility

According to an official announcement made by Nova Southeastern University, its Center of Excellence for Coral Reef Ecosystems Research—the largest coral research center in the country—will have its grand opening on September 27.…

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Miami’s 1450 Brickell Wins ‘Project of the Year’ Distinction

Miami’s 1450 Brickell Wins ‘Project of the Year’ Distinction

Based on its mixed-use/pedestrian-friendly character, coupled with focus on sustainable design and construction, Rilea Group’s 1450 Brickell office tower was named ‘Project of the Year’ by Urban Land Institute’s SE Florida/Caribbean District Council.…

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$58M Financing in Place for Boca Raton Mixed-Use Project

$58M Financing in Place for Boca Raton Mixed-Use Project

According to an official announcement, HC Real Estate Capital has arranged $58 million in financing for Boca Raton’s Royal Palm Place and Plaza. Financing was arranged through a Life Company relationship, and the seven-year loan is interest-only at a competitive fixed interest rate. The project will replace a maturing facility…

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Developers Announce New Pompano Beach Distribution Center

Developers Announce New Pompano Beach Distribution Center

By Georgiana Mihaila, Associate Editor Pompano Beach will soon house a new distribution center, as Weeks Robinson Properties and Jeremy Shapiro of Miami-based Mainstream Investment Realty have unveiled their Class A speculative industrial project at 3901 NE 12th Ave. To be set in the heart of Broward County’s Pompano Beach…

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Benihana to Sell 13 Restaurants for $47M; BMI Refinances Town Center One

Benihana to Sell 13 Restaurants for $47M; BMI Refinances Town Center One

Miami-based Japanese restaurant chain Benihana held the headlines this week after signing a deal with Cole Real Estate Investments to sell 13 of its locations for $47.4 million. Benihana, which plans on leasing back the properties, made the announcement in its public filling earlier this week but has yet to…

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Brookdale Affiliate Buys Four-Building Office Portfolio in Sunrise

Brookdale Affiliate Buys Four-Building Office Portfolio in Sunrise

An affiliate of the sixth investment fund of The Brookdale Group recently purchased an office portfolio consisting of four Class A buildings totaling 344,260 square feet in Sunrise, Fla.…

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Miami Center Trades Owners; Crocker Pays $262M for Trophy Tower

Miami Center Trades Owners; Crocker Pays $262M for Trophy Tower

Miami’s best-known office address, 201 South Biscayne Drive—where the Miami Center stands—has just traded for $262.5 million in what the Wall Street Journal calls the deal of the week. Boca Raton-based Crocker Partners purchased the 35-story building from Sumitomo Corp. of America, a unit of the Japanese global trading firm…

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