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The deal includes two acres of land. City National Bank of Florida sold its Miami Beach branch and office building to a commercial real estate firm for $24.59 million. The Miami-based bank, a subsidiary of BCI in Chile, sold a three-story and a six-story office building to Oliveira Plaza Associates LLC, an affiliate of Pacific Star Capital, which is based in...
Finally, the Frost Museum of Science has opening date. The $305 million museum will open to the public for the first time on May 8 after years of planning and construction. The highlights of the museum include a three-level aquarium, and a cutting-edge planetarium. According to the Herald, 700,000 visitors are expected annually. Annual memberships will cost $65...
From the New York website: The number of ultra-high net worth individuals — those with assets of $30 million or more who’ve got the funds to purchase the world’s most desirable properties — jumped 42 percent over the past decade to 193,000 worldwide, according to a new Wealth Report from Knight Frank. New York City is home to more than 6,500 of these...
The owner of the Bal Harbour Shops has modified its $400 million expansion plans to provide benefits for the village of Bal Harbour, including the construction of public buildings and donated land. Whitman Family Development said its proposed development agreement would provide more than $100 million in benefits to the village. In exchange, it wants approval to...
Most major cities have Chinatowns – Chicago, Los Angeles, New York. So why not Miami? The City had the same thought last year in February when it passed a resolution designating the stretch of Northwest Seventh Avenue that runs between 119th and 135th Street as the “Chinatown Cultural Arts and Innovation District.” The City is still working on a masterplan for...
The company behind Miami-to-Orlando passenger train Brightline has a new milestone under its belt, with the second of five trains arriving in South Florida this week ahead of the project’s local debut this summer. Trainset “BrightPink” embarked on its 3,000-mile journey from Siemens’ Sacramento, California facility to Brightline’s railroad operations center in...
