The Real Deal Miami

Posts Tagged ‘commercial real estate’

  • Hyatt may rebuild Miami hotel and convention center

    The Hyatt Regency and the James L. Knight Center share of 4.5-acre site on the Miami River
    April 23, 2017 11:15AM

    Hyatt Regency Miami and the city-run James L. Knight Convention Center (Credit: Carl Juste / Miami Herald)

    Hyatt Hotels Corp. and the Miami city government are discussing a deal to redevelop the company’s Hyatt Regency hotel in downtown Miami and the adjacent James L. Knight Center convention complex. The  hotel and convention center opened on the north bank of the Miami River in 1982. [more]

  • Alta acquires assemblage near Dadeland Mall for $14.4M

    The development firm plans to build a mixed-use project with more than 400 apartments
    April 22, 2017 12:00PM

    Henry Pino

    Miami-based Alta Developers this month paid $14.4 million for an assemblage of land on South Dixie Highway near Dadeland Mall for a mixed-use development with 400-plus apartments.

    Alta, led by principal Henry Pino, paid $11 million for a 1.45-acre industrial site at 9600 South Dixie Highway. The seller was WLPW2 LLC, managed by Wendy L. Whitmire. [more]

  • Dallas firm pays over $50 million for five marinas in Palm Beach County

    The buyer acquired marinas in Lantana, the Jupiter area, Palm Beach Gardens and Riviera Beach
    April 22, 2017 11:00AM

    The Loggerhead marina in Riviera Beach

    Dallas-based Suntex Marina Investors paid more than $50 million to acquire five Loggerhead-branded marinas in Palm Beach County from Jupiter-based Seven King Holdings. Altogether, Seven King sold 11 of its 12 Loggerhead marinas in Florida to Suntex, retaining only its marina in Stuart.

    Suntex bought two marinas in Lantana and one each in Riviera Beach, Palm Beach Gardens and the Jupiter area. The Dallas-based company paid Seven King $25.8 million for its marina in Riviera Beach, $12.8 million for one of its two marinas in Lantana, $9.95 million for its marina near Jupiter, and $8.3 million for its Frenchman’s Marina Resort in Palm Beach Gardens. No deed has been recorded yet for the sale of Seven King’s  marina at the Moorings community in south Lantana. [Palm Beach Post]Mike Seemuth

  • TRD zeroes in on South Florida market at 3rd annual Broward Showcase & Forum

    Shahab Karmely to brokers: "look at the product, look at the financial stack of a developer and if it had a lot of debt I'd probably run away from it"
    April 21, 2017 03:45PM

    The Real Deal’s 3rd annual Broward Showcase & Forum

    South Florida’s real estate industry flocked to The Real Deal‘s third annual Broward Showcase & Forum on Thursday, as developers, brokers and other professionals hobnobbed among the exhibits and gleaned insight from panels.

    About 2,000 attendees descended on the Design Center of the Americas in Dania Beach, where 25 exhibitors set up shop and three panels of experts explored the latest trends in development, the Broward residential market and new technology. [more]

  • Movers & Shakers: Palm Beach luxury team leaves Corcoran for Douglas Elliman…and more

    Hires at FirstBank, BHS, Fuse Funding, Brodson Construction and Golden Sands
    April 21, 2017 11:15AM

    Randy Ely and Nicholas Malinosky

    Top Palm Beach County luxury agents Randy Ely and Nicholas Malinosky left the Corcoran Group and joined Douglas Elliman. [more]

  • Fort Lauderdale approves Related, PMG developments along New River

    Commissioners vow to keep an eye on affordable housing in future
    April 20, 2017 02:00PM

    Las Olas Riverfront renderings (Credit: ArX Solutions) Inset: Ryan Shear

    The Fort Lauderdale City Commission on Wednesday approved a total of 745 new units to be developed by the Related Group and Property Markets Group along the Tarpon River. [more]

  • $250M master plan for downtown Boynton Beach moves forward

    Private/public partnership could cost city about $65M, official says
    April 20, 2017 01:00PM

    Rendering of the downtown development

    The city of Boynton Beach tapped a private developer to partner on its master plan to develop a downtown, a project that could cost roughly $250 million and include residential, hotel, park, assisted living and parking components. [more]

  • Terra pre-leases 70% of retail space at Pines City Center

    Publix will anchor the initial phase of the mixed-use development in Pembroke Pines
    April 20, 2017 12:00PM

    Terra Group President David Martin and a rendering of the firm’s Pines City Center project

    Miami-based Terra Group has pre-leased 70 percent of the retail space in the first phase of Pines City Center, a 47-acre mixed-use development in Pembroke Pines.

    So far, the development’s tenant roster includes Publix Super Markets, Carl’s Patio, Cooper’s Hawk, BurgerFi, Smoothie King, PizzaRev, Bento Café and The Halal Guys. [more]

  • Robbins Electra buying an apartment complex in
    the Hammocks

    Firm expects to acquire more SoFla assets as it adds $1B of rental properties to its portfolio
    April 20, 2017 10:30AM

    Ashley Lake Apartments and Joseph Lubeck

    Multifamily real estate company Robbins Electra expects to spend about $1 billion this year on acquisitions of apartment properties, including one in the Hammocks community in southwest Miami-Dade County. [more]

  • Owner of Fort Lauderdale building allegedly refuses to pay broker’s six-figure commission

    Capital Commercial Real Estate alleges that Inland Towers agreed to pay a 2% fee
    April 20, 2017 09:45AM

    2855-2915 Stirling Road properties

    Hallandale Beach-based Capital Commercial Real Estate Group is accusing a former client of welching on a $480,000 commission fee when the proposed sale of a Fort Lauderdale Walgreens and adjacent shopping center fell apart. [more]