The Real Deal Miami

Posts Tagged ‘little havana’

  • PHOTOS: On the scene at the Little Havana real estate bus tour

    Tour met with local developers, business owners and investors
    April 22, 2015 04:45PM
    partyRealtors with the Astor Companies, one of the event’s sponsors, converse with the crowd.

    Realtors explored Little Havana recently as part of a real estate bus tour hosted by Fausto Commercial Realty. [more]

  • Preservationists score protection in Little Havana, Coconut Grove

    Some say historic designations block progress
    April 08, 2015 11:45AM
    Little Havana skyline

    Little Havana skyline

    Miami preservationists scored two victories on Tuesday: legal protection for a Mediterranean Villa in Coconut Grove that could have been demolished and a section of east Little Havana that was facing redevelopment.

    The city’s historic preservation board, which is tasked with protecting buildings and homes from demolition, reportedly awarded the historic designations after preservationists fought to keep the properties from being upzoned and redeveloped. [more]

  • Little Havana and Master Brokers Forum“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.

    For more than 30 years, the Kiwanis Club of Little Havana has hosted the massive Calle Ocho street festival, one of Miami’s signature events. Originally conceived as “The World’s Largest Block Party” and as a way to bring the community closer together, it has since evolved into a sprawling, day-long celebration with multiple entertainment venues, drawing [more]

  • Historic district in Little Havana a possibility

    Proposed district is in East Little Havana
    February 05, 2015 09:45AM
    Little Havana skyline

    Little Havana skyline

    A portion of Little Havana might become a designated historic district soon.

    The city of Miami is considering protecting part of the community due to concerns that new development will destroy the area’s character. The proposed Riverside Historic district would span two blocks and include 94 buildings built between 1920 and 1960, according to a published report. [more]

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  • Developers and investors turning to Little Havana

    Melo Real Estate negotiated sale of multi-family properties in Little Havana
    January 29, 2015 03:30PM
    Frank Rodriguez Melo, CEO of Melo Real Estate

    Frank Rodriguez Melo, CEO of Melo Real Estate

    Developers and investors are now reportedly turning to neighboring Little Havana for opportunities.

    Melo Real Estate recently negotiated the $5.3 million sale of six multi-family properties in Little Havana, which comes out to $56,000 per residence. [more]

  • Barlington Group refinances Little Havana properties with $12.2M loan

    Loan covers 6 fully leased properties including Brickell Station
    December 15, 2014 04:30PM
    Barlington Group portfolio, courtesy HHF.

    Barlington Group portfolio

    The Barlington Group has secured $12.2 million refinancing for a six retail properties in Little Havana and Brickell. The loan was arranged by HFF, a Pittsburgh-based real estate capital intermediary.

    The note is a 10-year fixed-rate CMBS loan through UBS Investment Bank. It covers six fully-leased that Barlington has acquired in [more]

  • Sam Herzberg makes Little Havana acquisition

    Investor picks up nine-property CVS site in Miami neighborhood for $14.5M
    August 28, 2014 09:45AM
    Future CVS at 2713 Southwest 8th Street (inset: Sam Herzberg)

    Future CVS at 2713 Southwest 8th Street (inset: Sam Herzberg)

    Sam Herzberg just made a big investment in Miami’s Little Havana neighborhood, The Real Deal has learned.

    A company managed by Herzberg paid $14.5 million for a nine-property portfolio on Southwest 8th Street and 27th Avenue in a transaction recorded on Wednesday, according to Miami-Dade County records. The 1.8-acre site includes a 15,000 square foot CVS store that is under construction. Herzberg’s company obtained a $10.63 million loan from Wells Fargo Bank for the acquisition. [more]

  • Developer hopes to expand boom to Little Havana

    Astor plans InTown condo project in Miami neighborhood
    January 27, 2014 01:30PM
    Peter Torres and rendering of InTown in Little Havana

    Peter Torres and rendering of InTown in Little Havana

    The Astor Cos. is hoping to lure young professionals priced out of trendier locales to Little Havana, a Miami neighborhood where other developers could not gain traction during the real estate bust. [more]

  • Auction set for Miami affordable housing portfolio

    Bids due Jan. 31 for 431 Little Havana units
    January 09, 2014 01:30PM
    138 Northwest 15th Street in Miami's Little Havana neighborhood

    138 Northwest 15th Street

    A 22-building affordable housing portfolio in Miami’s Little Havana neighborhood is set to be sold during a private auction.

    Aaron and Daniel Stauber, the owners of 431 affordable units in the neighborhood, have hired Sperry Van Ness to run the auction, South Florida Business Journal reported. Potential buyers have until Jan. 31 to submit bids and put down a $100,000 refundable deposit. Finalists would be selected shortly after the deadline, with final offers expected in early March. [more]

  • Winn-Dixie sells Miami shopping center for $12.4M

    New York REIT Kimco Realty buys property in sale-leaseback
    December 09, 2013 09:45AM
    Winn-Dixie at 1155 Northwest 11th Street

    Winn-Dixie at 1155 Northwest 11th Street

    Winn-Dixie has sold its shopping center near Marlins Park in Little Havana for $12.4 million, The Real Deal has learned.

    The Jacksonville supermarket chain unloaded the 1155 Northwest 11th Street center in a sale-leaseback transaction last Tuesday, according to Miami-Dade County records. The county recorded the $175 per square foot sale on Friday. [more]