The Real Deal Miami

  • Miami
    Museum Park rendering

    Walmart has received approval for a demolition permit at its proposed Midtown Miami location. A new study shows that the ocean could claim several major cities in South Florida. And the Ritz-Carlton Fort Lauderdale is getting a new restaurant as part of its $8 million renovation program. Read these stories and more after the jump. [more]

  • Miami International Mall scores new stores, restaurants

    Justice and Color Me Mine will also relocate within the shopping center
    October 13, 2015 05:15PM
    Miami International Mall Food Court Entrance (1)

    Miami International Mall Food Court entrance

    Miami International Mall is adding several new restaurants and shops, including eateries Café Latino and Pizzeria Rise Pies, and retailers Allegra, Tea Gallery and Vans, the Doral shopping center announced on Tuesday. [more]

  • MCM lands $128M Fort Lauderdale airport contract

    Project to include expansion of Concourse G, a new concourse, demolition of Concourse H
    October 13, 2015 04:30PM
    Renderings of the Fort Lauderdale Hollywood International Airport

    Renderings of the Fort Lauderdale-Hollywood International Airport expansion

    MCM will lead the $128 million expansion of the Fort Lauderdale-Hollywood International Airport, the construction company announced on Tuesday.  [more]

  • Palm Beach Gardens hotel lost to foreclosure

    Three-building, 8-acre property includes 279 guest rooms and conference center
    October 13, 2015 03:45PM By Sean Stewart-Muniz
    The DoubleTree hotel in Palm Beach Gardens

    The DoubleTree hotel in Palm Beach Gardens

    A Hilton-branded hotel complex in Palm Beach Gardens was just sold for $31.4 million to satisfy a foreclosure lawsuit. [more]

  • Inside

  • $22M Wagner Creek project in Miami closes on financing

    Mixed-income project will set aside 60 units to tenants earning at or below 60% AMI
    October 13, 2015 03:00PM
    Rendering of Wagner Creek Apartments and Matt Rieger of the Housing Trust Group

    Rendering of Wagner Creek Apartments and Matt Rieger of the Housing Trust Group

    Housing Trust Group has closed on financing for Wagner Creek Apartments, a 73-unit affordable housing project in Miami, The Real Deal has learned.  [more]

  • GE to sell CRE business to Wells Fargo

    The sale will include $32B in assets at 3,000 employees
    October 13, 2015 02:15PM
    Jeffrey Immelt John Stumpf

    From left: Wells Fargo’s John Stumpf and GE’s Jeffrey Immelt

    From the New York websiteGeneral Electric is selling off its commercial lending and leasing businesses to Wells Fargo, part of GE’s push to shed its financial service operations.

    The deal, which will include $32 billion in assets and 3,000 employees, will close in the first half of next year.

    The business lines being sold are GE Capital’s global commercial distribution finance, North American vendor finance and corporation finance platform. [more]

  • PHOTOS: On the scene at Artefacto Design House

    Eleven designers were included at the event, which showcased Bacchi's first solo collection
    October 13, 2015 01:30PM
    Dani Guardini and Adriano Stancati

    Brazilian furnishings company Artefacto hosted its fifth annual Design House last week. [more]

  • Walgreens space on Lincoln Road looking for anchor tenant

    15,895 sf space can be leased to a national retailer or divided into smaller spaces
    October 13, 2015 12:45PM By Katherine Kallergis
    100 lincoln road and zach winkler

    100 Lincoln Road and Zach Winkler

    A prime retail spot on Miami Beach’s Lincoln Road is up for lease, CBRE announced on Monday.  [more]

  • First new Wynwood condo project completed this cycle

    Two units at 250 Wynwood have sold for an average price of $535 psf
    October 13, 2015 12:00PM By Peter Zalewski
    250wynwood plus peter

    Rendering of 250 Wynwood and Peter Zalewski

    The first of what boosters envision will ultimately be a series of new condo towers in the rapidly emerging Wynwood Arts District neighborhood of Greater Downtown Miami has been completed since this South Florida real estate cycle began in 2011. [more]

  • Wynwood redevelopment site listed for $22.5M

    Properties are within a mile of Midtown Miami
    October 13, 2015 11:15AM By Sean Stewart-Muniz
    The two properties for sale at 2916 and 2994 North Miami Avenue

    The two properties for sale at 2916 and 2994 North Miami Avenue

    A pair of industrial properties directly across from the proposed Walmart in Miami’s Wynwood have been put up for sale at $22.5 million. [more]