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Now available for sale the Iconic Trophy Downtown building $500,000,000
Downtown Miami’s tallest office tower, reportedly valued at nearly $500 million, is on the market. J.P. Morgan Asset Management – Global Real Assets is listing the Southeast Financial Center, a 55-story, 1.3 million-square-foot tower at 200 South Biscayne Boulevard, according to published reports. The iconic building, second in height only to the Four Seasons Miami, was developed in 1984 by Hines and designed by Skidmore, Owings & Merrill. Commercial Real Estate Direct first reported that the property was up for sale in May, with...
read more10 Steps to making South Florida’s economy stronger
Unveiled at the Greater Miami Chamber of Commerce’s annual Goals Conference, the study examined Miami’s economic landscape and identified both its strong points and disadvantages. At the conference, urban studies theorist and Creative Class Group founder Richard Florida broke down the 34-page report into 10 key areas of opportunity for building a greater South Florida economy: • Synchronicity between South Florida counties and its northern neighbors, Orlando and Tampa “We’ve been a fragmented community,” Florida said. “But if we’re gonna...
read moreWallethub: This South Florida city ranks No. 2 for staycations
South Florida Business Journal Three Florida cities topped WalletHub’s 2016 Best and Worst Cities for “Staycations,” or vacations spent at home or nearby, with Fort Lauderdale coming in at No. 2. The personal finance website compared 150 of the biggest U.S. cities using dozens of metrics, such as movie costs, number of restaurants per capita and number of public beaches. Fort Lauderdale ranked strongly for its number of spas and wellness centers per capita and its number of shopping centers per capita. Click Full...
read moreMiami is a city on the rise, says new 2016 latest report and why
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 study, researchers examined Miami’s economic progress and studied the divides and challenges it faces. “Miami has a window of opportunity to capitalize on its economic strengths,...
read moreThe Oasis at Sawgrass Mills revamp to debut by year end
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, convenience charging stations, a new valet drop-off area and an updated directory and way-finding system. After Sawgrass Mills debuts its latest improvements, three new restaurants will also...
read morePatricia Delinois and her best selling team explore Miami
Miami is quickly growing into a global city. Let Delinois and her team guide you in all your real estate investments. Century 21 Premier Elite Realty Miami’s leading International Real Estate firm.
read moreNew HomeStyle Energy Mortgage for your next property?
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 range if you’ve got good credit. Equally important, you end up pocketing the generous 30 percent federal investment tax credit that’s available for owners who install solar panels,...
read moreWynwood 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...
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