Miami and Miami Beach, once a refuge for retirees and those looking for fun and sun is on the rise as a great economic powerhouse, according to a new report from Florida International University and the Creative Class Group, “Miami’s Great Inflection: Toward Shared Prosperity as a Creative and Inclusive Global City.” For the report, a first step in a multi-year...

South Florida Business Journal The Sunrise mall announced Tuesday it will complete the major upgrades by year-end. Renovations include changing up 130,000 square feet of common spaces into a new streetscape design with more gathering spaces and seating options, a decorative water feature with choreographed sequences, multiple canopy structures for shade,...

Want to put solar panels on your roof — owning them outright rather than having to lease from some third-party company? There’s a new home mortgage program that’s just hit the market and could help make that happen. And since it’s long-term mortgage money, the interest rates are similar to those on a regular home loan — currently in the mid to upper 3 percent...

Looking to increase its revenue base, the Wynwood Business Improvement District, or BID, took the initial step needed to expand its boundaries on Thursday. At its regular monthly meeting, the BID’s board voted to begin the process of drafting legislation that would redraw the district’s map to include several dozen commercial properties that are currently not...

 – CRE-sources | South Florida Commercial Real Estate News In the largest commercial real estate transaction to take place in Coral Gables this year, a joint venture between Greenstreet Partners and principals of CREC have sold the 2121 Ponce office building to a member company of Zurich North America (“Zurich”) for $57.5 million. Zurich was advised by...

It’s all about leverage for partners RedSky Capital and JZ Capital Partners. The two investment firms just borrowed an additional $34 million against their assemblage in Miami’s Design District, boosting their total loan principal to a whopping $220 million. County records show the companies took out their new financing for 11 parcels at the corner of North...