The Real Deal Miami

Posts Tagged ‘Miami’

  • Related to pay Miami $15M for extra density at One Brickell

    Project to include three towers with condos, rentals and hotel
    December 04, 2014 05:00PM
    Rendering of One Brickell

    Rendering of One Brickell

    The Related Group is paying the city of Miami $15.5 million for extra density in its One Brickell project.

    The developer is purchasing an extra 868,399 square feet of development rights. Various projects have recently made use of a city program that allows for the transfer of development rights from historically designated properties.  [more]

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  • Venture capital fund opening office in Miami

    Peter Kellner has offices in Silicon Valley and New York
    December 04, 2014 02:08PM
    Peter Kellner

    Peter Kellner

    Venture capital investor Peter Kellner plans to set up shop in Miami.

    Kellner’s fund, Richmond Global Ventures, already has offices in New York and Silicon Valley. Richmond is raising an $80 to $125 million venture fund that is focused on early-stage companies, both domestically and internationally.

    Richmond invests heavily in technology-focused companies seeking Series A and B funding. [more]

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  • City planners eye area near Miami River for redevelopment

    Area requires land use and zoning changes
    December 03, 2014 01:30PM

    Zoning changes could allow up to 150 dwellings per acre

    Miami city planners are looking at rezoning several blocks of Northwest 20th Street north of the Miami River to promote redevelopment along the street. [more]

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  • New York’s Surf Lodge to launch Miami pop-up cafe

    Temporary cafe will run alongside Art Basel
    December 02, 2014 11:15AM
    Jayma Cardoso

    Jayma Cardoso

    The Surf Lodge, a popular summer destination in Montauk, N.Y., is bringing a pop-up cafe to Miami to run during Art Basel Miami Beach.

    Surf Lodge owner Jayma Cardoso is opening the cafe, which will operate from Wednesday to Sunday at the New Art Dealers Alliance fair, according to a news article.

    [more]

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  • Big profit for seller of former church building in Miami

    Miami Beach company gets $14.3M for site after paying $6.3M 16 months ago
    November 18, 2014 11:15AM
    1836 Biscayne Boulevard

    1836 Biscayne Boulevard

    A company tied to Miami Beach-based QueensFort Capital made a substantial profit on the sale of the former First Church of Christ Scientist home just north of downtown Miami. [more]

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  • Gables Prado complex to break ground

    Joint venture to develop 194 units in West Miami
    November 12, 2014 05:15PM
    Gables Pardo

    Gables Pardo

    The Gables Prado apartment complex is about to break ground in West Miami.

    The project, a joint venture between Estate Investments Group, Mattoni Group and Fortune Capital Partners, will include 194 units, according to the South Florida Business Journal. [more]

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  • Biscayne Island home sells for $13.2M

    Sellers paid $3.8 million for waterfront property in March 2002
    October 29, 2014 11:15AM
    943 North Venetian Drive

    943 North Venetian Drive

    A Biscayne Island home traded for $13.2 million, The Real Deal has learned.

    Carlos Sanchez and Gloriamalia Freire Sanchez sold the 943 North Venetian Drive property in a transaction recorded on Friday, according to Miami-Dade County records. The couple paid $3.8 million for the six-bedroom, 9,200-square-foot house in March 2002. The waterfront home has seven bathrooms. [more]

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  • Miami retail property trades for $23M

    Partnership acquires Sears-occupied building on South Dixie Highway
    October 29, 2014 10:30AM
    The Sears showroom in Miami

    The Sears showroom in Miami

    A Miami retail building changed hands for more than $23 million, The Real Deal has learned.

    The 40,600-square-foot building on 2.6 acres at 6605 South Dixie Highway was acquired by four companies in a transaction recorded on Friday, according to Miami-Dade County records. South Florida Residential LLC has an 89 percent stake in the purchase. Broker and investor Simon Karam is president of South Florida Residential. [more]

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  • Miami investor spends $81M on apartment portfolio

    Tzadik Management acquires 2,199 units in five Florida markets
    October 24, 2014 12:00PM
    Tzadik founder Adam Hendry

    Tzadik founder Adam Hendry

    Miami-based Tzadik Management acquired 2,199 apartments across Florida for a combined purchase price of $81 million.

    Tzadik obtained financing and bought 13 multi-family communities in Jacksonville, Lakeland, Orlando, Sarasota and Tampa, according to the firm’s written statement released on Friday. Since launching in 2007, the company has amassed an ownership and management portfolio of more than $300 million worth of apartment complexes and luxury condo developments. [more]

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  • Miami brokers anticipate Chinese buying surge

    Journalists from China to visit city next week, while industry group plans trade mission
    September 22, 2014 12:00PM
    Mark Zilbert and David Landau

    Mark Zilbert and David Landau

    Until recently, Chinese investors lagged far behind the South Americans and Europeans who dominate the most active foreign buyers of Miami real estate rankings.

    But brokers are bracing for a surge in Chinese buying that could get a big boost this fall.

    Next week, a Miami brokerage is hosting a group of 10 Chinese journalists on a tour of Miami residential offerings, The Real Deal has learned. Later in October, the Miami Association of Realtors is co-sponsoring a trade mission from Miami to Shanghai and Beijing. [more]

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