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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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With 90 Percent of Units Sold, BrickellHouse Goes Vertical

With 90 Percent of Units Sold, BrickellHouse Goes Vertical

July 18th marked the construction start for one of Downtown Miami/Brickell’s first luxury residential developments since the 2008-09 economic downturn—the 48-story BrickellHouse condominium development.…

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Miami Beach Lincoln Center Sells for a Surprising $132M

Miami Beach Lincoln Center Sells for a Surprising $132M

The 127,000-square-foot Lincoln Center can pride itself with new owners, as VCP Lincoln Road—an affiliate of New York-based REIT Vornado—recently purchased the property for a reported $132 million.…

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Groundbreaking Ceremony Held for Swire’s Brickell CitiCentre

Groundbreaking Ceremony Held for Swire’s Brickell CitiCentre

The long-awaited, large-scale, mixed-use Brickell CitiCentre development is finally underway, as developer Swire Properties broke ground on the project on June 28—with the company's chief executive Martin Cubbon hosting the ceremony.…

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Dizengoff Sells Bulk Portfolio for $25.4M; Breakers Capital Buys West Palm Beach Building

Dizengoff Sells Bulk Portfolio for $25.4M; Breakers Capital Buys West Palm Beach Building

The real estate arm of Dizengoff-Trading Group has sold its South Florida bulk portfolio for $25.4 million, reports CoStar. The portfolio, comprised of two properties—Portofino at Jensen Beach and Courtney Park in Lake Worth, consists of 283 condo units overall.…

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Trump Studio City May Rise in South Miami-Dade

Trump Studio City May Rise in South Miami-Dade

South Miami-Dade could be home to a major film production studio, built by Donald Trump, if the plan pitched to the county commission last Tuesday gets approval.…

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‘Magic’ Johnson, Canyon Partners Return to Miami with Plans for New Walmart-Anchored Center

‘Magic’ Johnson, Canyon Partners Return to Miami with Plans for New Walmart-Anchored Center

Miami’s Flagler Corridor will soon have a new Walmart-anchored shopping center, as Canyon-Johnson Urban Funds has recently purchased a 32-acre parcel in this respect in an all-cash transaction.…

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Florida Crystals and IDI Form Strategic Alliance for South Florida Intermodal Logistics Center

Florida Crystals and IDI Form Strategic Alliance for South Florida Intermodal Logistics Center

Florida Crystals Corporation and IDI—one of the largest privately held logistics real estate companies in North America—have entered into a strategic alliance for the planning and marketing of the South Florida Intermodal Logistics Center in western Palm Beach County.…

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Adler, ECI to Deliver Two Luxury Apartment Towers Overlooking Biscayne Bay

Adler, ECI to Deliver Two Luxury Apartment Towers Overlooking Biscayne Bay

The fast-growing demand for quality apartments in South Florida has drawn Adler Group to return to its multifamily roots. The company is now involved with plans to two luxury 20-story apartment towers just north of Downtown Miami.…

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Swire Reveals Shortlist of Contractors for Brickell CitiCentre Foundation

Swire Reveals Shortlist of Contractors for Brickell CitiCentre Foundation

Brickell CitiCentre, likely the single-largest project currently under development in Miami, is now one step closer to fruition as developer Swire Properties recently announced the shortlist of contractors for the project’s foundation and underground parking garage.…

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