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Walmart Gets Final Approval for NW Miami-Dade Supercenter

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…

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Terranova/Acadia Pay Record $139M for Lincoln Road Retail Portfolio

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…

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South Florida Hospitality Sector in Spotlight as Two Luxury Hotels Trade

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.…

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RLJ Lodging Agrees to Pay $71.6M for New Hilton in Miami Beach

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.…

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Related Group Buys $18.5M Mixed-Use Development Site

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…

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Blanca CRE Tapped to Lease Office Component of Shops at Sunset Place

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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South Florida Multifamily Properties Trade for Combined Price of $100M

South Florida Multifamily Properties Trade for Combined Price of $100M

Behringer Harvard’s 560-unit Parrot’s Landing recently changed ownership, as a Toronto-based real estate investment recently paid $56.3 million for the North Lauderdale property. The Boca Raton office of ARA brokered the sale of Parrot's Landing, which was managed by a team including Avery Klann, Marc deBaptiste and Hampton Beebe.…

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$12M Parkview Gardens Affordable Community Opens in Liberty City

$12M Parkview Gardens Affordable Community Opens in Liberty City

Over 200 low-income residents will now benefit from affordable housing, as a brand new affordable housing complex recently opened its doors in Miami’s Liberty City neighborhood.…

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Millicom International Leaves Fort Lauderdale Digs for Coral Gables’ 396 Alhambra

Millicom International Leaves Fort Lauderdale Digs for Coral Gables’ 396 Alhambra

Global telecommunications company Millicom International will soon be relocating its Fort Lauderdale office to 396 Alhambra—Agave Holdings’ new mixed-use development in Coral Gables. Millicom International Services LLC, the Florida arm of Swedish-listed cellular provider Millicom International Cellular, has signed a lease for 22,280 square feet of Class A office space…

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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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