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Three-Building Industrial Portfolio in Sunrise Trades for Nearly $40M

Three-Building Industrial Portfolio in Sunrise Trades for Nearly $40M

CBRE has recently assisted Irving, TX.-based Cobalt Capital Partners in finding a buyer for a three-building, Class A industrial portfolio located within the prestigious Sawgrass International Corporate Park in Sunrise, Florida. Industrial Income Trust of Denver, Colorado, paid $39,350,000 for the Sunrise Distribution Center, located at 900 International Parkway, 14599…

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PREI Enters Brickell District with $185M Office Tower Purchase

PREI Enters Brickell District with $185M Office Tower Purchase

The 30-story, Class A Sabadell Financial Center located in the upscale Brickell Financial District of Miami has recently traded owners. The buyer, Prudential Real Estate Investors—acting on behalf of institutional investors in its flagship core open-end commingled fund—paid $185 million for the high-profile property also known as 1111 Brickell.…

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Iconic Miami Tower Wraps Up First Sky Lobby Modernization

Iconic Miami Tower Wraps Up First Sky Lobby Modernization

Looking to retain its spot as a premier business address, Miami Tower has just completed a major renovation and modernization of its Sky Lobby.…

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Walmart Supercenter Opens in Davie, Adds 300 Jobs

Walmart Supercenter Opens in Davie, Adds 300 Jobs

A grand opening ceremony was held on April 10 for the new 154,400-square-foot Walmart Supercenter, where residents gathered to celebrate both the new retail options and the addition of 300 new jobs to the town of Davie, Fla.…

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South Beach ACE Unveils Breathtaking Proposal for Miami Beach Convention Center

South Beach ACE Unveils Breathtaking Proposal for Miami Beach Convention Center

With the competition for the spot to assist the City of Miami Beach in the redevelopment of the Miami Beach Convention Center being down to the last two contenders, South Beach ACE has now unveiled its master plan.…

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Formerly Distressed Harvard House Re-opens after Major Renovation

Formerly Distressed Harvard House Re-opens after Major Renovation

A formerly distressed North Miami Beach apartment complex has recently reopened after undergoing an $8 million redevelopment process led by nonprofit affordable housing developers Carrfour Supportive Housing and the National Housing Trust.…

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SBE, Related Group Join Forces on $300M Condo Hotel

SBE, Related Group Join Forces on $300M Condo Hotel

The Wall Street Journal reports that Miami’s ‘condo king’ Jorge Perez and Los Angeles nightclub entrepreneur Sam Nazarian will be working together on a $300 million condo hotel project planned for downtown Miami.…

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Upscale $400M Marina Palms Condo Project Opens Extravagant Sales Center

Upscale $400M Marina Palms Condo Project Opens Extravagant Sales Center

By Georgiana Mihaila, Associate Editor Developers Plaza Group and DevStar Group recently opened a state-of-the-art sales center for their $400 million Marina Palms Yacht Club & Residences project—the first upscale condominium and marina destination to open in Miami-Dade County in 20 years. The 10,000-square-foot sales center was specially designed to…

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IKEA Sets Summer 2014 Opening Date for Miami-Dade Store

IKEA Sets Summer 2014 Opening Date for Miami-Dade Store

With a building permit pending for its future Miami-Dade store in Sweetwater, IKEA has already hired Balfour Beatty Construction to oversee the 417,000 square-foot project. With groundbreaking set for some time within the next couple of months, the Swedish retailer plans to open the store in summer 2014.…

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Foram Group’s 600 Brickell Tower Goes Platinum

Foram Group’s 600 Brickell Tower Goes Platinum

By Georgiana Mihaila, Associate Editor The 40-story 600 Brickell building can now pride itself with a rare designation that makes it unique in the Florida market—placing it among only a handful of its class and size in the world—after being certified LEED Platinum by the U.S. Green Building Council. The…

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Developers Ross and Perez Show Interest in Stalled Island Gardens Project

Developers Ross and Perez Show Interest in Stalled Island Gardens Project

According to the South Florida Business Journal, the company headed by Dolphins owner Stephen Ross—Related Cos.—as well as fellow developer Jorge Perez’s The Related Group will assist Flagstone Properties in developing the long-stalled Watson Island project.…

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Starwood to Bring New Eco-Conscious Brand to Miami Beach

Starwood to Bring New Eco-Conscious Brand to Miami Beach

As the result of a combined effort between Starwood Capital Group, Invesco and the LeFrak Organization, South Beach will soon experience a new concept in beachfront luxury hotel living. The developers have unveiled plans for The 1 Hotel & Residences South Beach, a bold project that will combine a residential…

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