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Wynwood Business Improvement District expanding its boundaries
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 contributing to an annual pot of tax money used for neighborhood improvements in Wynwood. The addition of the properties will generate about $300,000 more a year for additional security...
read moreCoral Gables Office Building Trades For $57.5 Million
– 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 Zurich Alternative Asset Management LLC (“ZAAM”), its alternative investment adviser. Brokered by CREC and CBRE, the sale of the 164,848 square-foot building marks the latest sign of...
read morePartners boost loan to $220 million in Miami Design District
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 Miami Avenue and Northeast 39th Street, mostly consisting of mid-century retail buildings no larger than 11,000 square feet a piece — save for the much larger 1980s-era building at 3995...
read moreMiami’s changing. Where do you fit in?
Is Miami your city? Pick a city that optimizes your life Richard Florida, who’s made a career of thinking and writing about how to make cities more awesome, spends a lot of time thinking about Miami. The globetrotter has chosen Toronto and Miami as his home bases, and in his latest study he drops knowledge about how Miami can be more creative and inclusive (read: not segregated by income or race) and how that boosts our economy. (Which, despite all the glitzy condos, is struggling.) Click Full Article for more details. Full Article Save...
read moreState of Miami Real Estate Investments : Is the time now?
The mention of Miami brings to mind images of white sandy beaches, a vibrant nightlife, and unforgettable vacations. Located in Southern Florida, Miami is a modern and bustling city that offers a lot more than fun. It is a financial and commercial powerhouse. The city is ranked number 7 in the United States in business, arts and culture. Visitors expect to have a time of their lives, and they end up getting just that. Click Full Article for more details. Full Article Save Article Article Feedback Share...
read moreChetrit’s 1 Billion dollar Miami River project to launch this summer
UPDATED June 21, 2016 5:15 p.m. Chetrit Group’s massive Miami River mixed-use project will launch condo sales later this summer, and is planning to bring on a major hotel flag, The Real Deal has learned. Melissa Tapanes Llahues, an attorney who represents Chetrit Group in its development, toldTRD that she is now working on condo documents and permitting. She said the developers have hired Fortune International Group to handle sales, which will begin “in a couple of months.” She also said the project will soon announce a “very cool” hotel...
read moreMiami Beach Fire on the Fourth Festival
Miami News, Food, Culture and Events | Miami New Times Miami Beach Fire on the Fourth Festival Coca-Cola Presents the Miami Beach Fire on the Fourth Festival! Take in the Funky sounds of THE FAMILY STONE and legendary rockers GRAND FUNK RAILROAD Enjoy Food trucks, a kid’s zone, yoga and watch South Florida’s premier fireworks celebration on Monday, July 4th from 9am – 9pm at the North Shore Park Bandshell, Collins Avenue and 73rd Street Event Schedule: 9 a.m.: Click Full Article for more details. Full Article Save Article Article Feedback...
read moreSix international hotel brands opening first U.S. sites in Miami
Miami Herald To the eyes of hoteliers around the world, Miami has grown up to be the attractive, well-positioned global city they hoped it would be. With all the factors now aligned, they are packing their bags for South Florida. Click Full Article for more details. Full Article Save Article Article Feedback Share Article
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