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Category Archives: Location

Will Miami Beach make a deal with Russell Galbut?

Crescent Heights is offering Miami Beach land so it can build a taller building at Fifth and Alton Russell Galbut is offering the city of Miami Beach up to 4 acres of land in exchange for the ability to build a taller tower on a nearby site. The properties in question are part of the Wave mixed-use development, and include the three blocks between …

Terra And Related Boost Construction Loan For Park Gro...

Financing totals $112.1M for the 20-story, 71-unit building One Park Grove is the third and final tower of the Park Grove Project that includes Two Park Grove and the Club Residences. One Park Grove, a 20-story, 71-unit building at 2701 Bayshore Drive, is about 50 percent presold, according to the South Florida Business Journal, which first reported the financing. Units will range from about 3,700 square …

Meet The Woman Tasked With Leasing Up Brickell City Ce...

The 120 doors at Brickell City Centre are 90% leased already. Overholt is hoping to lure quality purveyors of linens, kitchen and bath items, and children’s goods. On a prior Italy trip, Overholt found the inspiration for what would become La Centrale, the center’s 40K SF food hall, which opened this year. Swire Properties Inc. had negotiated with the city to make Brickell City Centre part …

Feds Hike Threshold For Appraisals Tied To Commercial ...

Deals below $500k won’t require certified appraisal, instead of previous $250k limit An inter-agency group of regulators decided on Monday to raise the threshold for commercial real estate deals that need approval from a state-certified appraiser from $250,000 to $500,000. Raising the threshold “will materially reduce regulatory burden” Regulators originally proposed raising the limit to $400,000 to keep it in line with inflation.   …

Location: How Important Is It?

Location is a top qualification when buying real estate. It can affect the building space a company can find, its business performance, and the employees it attracts. While many companies have decided to make Miami home to their business, where in the Miami area is a more complex question that is often best answered by what type of business they are. Industrial and manufacturing …

Strong Activity in Downtown Miami Echos County Trends

In Downtown Miami, condo and retail space has seen record activity, but a new independent study commissioned by the Miami Downtown Development Authority (DDA) reports that office towers are the hottest asset class in the area. Nearly 450,000 square feet of office space has been absorbed in the past two years. Multinational companies have used Miami as their base to enter the US market …

Market Spotlight: North Beach Miami Development

North Beach Miami is a largely undeveloped area which stretches from 63rd Street to 87th Street, and westward from the ocean to the bay. The buildings feature flat roofs, acute angles and curved walls, reflecting the Miami Modernism style, or MiMo. They are charming buildings, although worn and in need of repair. Keith Darby, president of Rise Realty, describes the area as “full of …