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Category Archives: Buying Properties

Related Group and Block Capital Break Ground On Micro Apartments In Wynwood

The five-story project at 51 N.W. 26th Street highlights two trends. A redevelopment wave in Wynwood thanks to new zoning, so more apartments and offices are coming to the district known for its street art and restaurants. Wynwood’s popularity has driven up land prices, so many developers have responded by introducing micro units. The Bradley will have 175 apartments, about 32,000 square feet of …

Crocker And Rialto Acquire 1.8M-Square-Foot Office Campus In Boca Raton

Rialto is the commercial real estate management arm of Miami-based Lennar Corp. Crocker Partners, Rialto Capital and Siguler Guff formed a joint venture that acquired the Boca Raton Innovation Campus, a 1.8 million-SF office campus known as where IBM created the personal computer. The managing members of Boca T-Rex Borrower, the entity that owns the property, were recently changed to executives with Rialto when …

Terra And Related Boost Construction Loan For Park Grove

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 …

Feds Hike Threshold For Appraisals Tied To Commercial Real Estate Loans

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 …