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Miami Real Estate News

13th Floor launches third single-family home development in Tamarac

Posted:Sun, 30 Apr 2017 17:00:53 +0000

The home-building division of 13th Floor Investments began sales and construction of Hidden Trails, the company’s third development of single-family homes in Tamarac. 13th Floor Homes has more than 30 pre-construction reservations for homes at Hidden Trails. Mike Nunziata, president of 13th Floor Homes, told the South Florida Business Journal that the 30-plus reservations reflect “pent-up demand for attainably priced new-construction homes.” Hidden Trails is a 214-home development at 4893 Northwest 55 Place in Tamarac, near ... [more]

Local firm starts building WPB self-storage facility

Posted:Sun, 30 Apr 2017 16:10:36 +0000

A locally based company began construction of a self-storage facility near the Palm Beach Outlets shopping center on Palm Beach Lakes Boulevard in West Palm Beach. The three-story building will have 830 air-conditioned storage units.  West Palm Beach-based SROA Capital expects to open 100,000-square-foot building at 1620 North Congress Avenue early next year. SROA bought the two-acre development site last year for $1.3 million. SROA runs 59 self-storage buildings in Delaware, Florida, Kentucky, Ohio and ... [more]

CBRE showcases new office design in Miami

Posted:Sun, 30 Apr 2017 15:00:32 +0000

Commercial real estate brokerage CBRE opened a new office on Brickell Avenue in Miami with paperless operations,  no assigned desks and a high-tech theater, part of a company-wide initiative to upgrade CBRE’s workplaces. The 18,921-square-foot office on the 11th floor of 777 Brickell Avenue is part of CBRE’s global Workplace360 initiative to promote flexibility, mobility and productivity through office design. The new office features both collaborative and private spaces for CBRE employees and a Liquid Galaxy ... [more]

Arden community in PB County holds grand opening

Posted:Sun, 30 Apr 2017 14:00:06 +0000

The master-planned Arden residential development in west-central Palm Beach County held a grand opening Saturday to unveil model homes and landscaping. Virginia-based Ryan Homes expects to build about 200 homes in the first phase of the development, located just west of Lion Country Safari. Ryan has 24 reservations for homes with prices starting in the $300,000s. Arden is expected to grow to 2,000 homes over 10 years. Freehold Communities, the developer of Arden, designed the ... [more]

GL sells 60 homes in 6 weeks at Dakota in Delray

Posted:Sun, 30 Apr 2017 13:10:38 +0000

Sunrise-based home builder GL Homes sold 60 single-family homes in six weeks at its Dakota residential development in west Delray Beach. Marcie DePlaza, chief operating officer of GL, told the Sun-Sentinel the pace of pre-construction sales at the 387-home development “exceptional.” Strong demand for Dakota homes has led GL to raise prices by $15,000 since the company launched pre-construction sales March 11. Prices start at $449,900 and range as high as $579,900. DePlaza also told ... [more]

Boca Raton office building hits market without an asking price

Posted:Sat, 29 Apr 2017 21:00:29 +0000

A 206,946-square-foot office building in Boca Raton has been listed for sale without an asking price. Institutional Property Advisors (IPA), a division of commercial real estate brokerage Marcus & Millichap, is the exclusive adviser for the sale of the office building, called 301 Yamato. The building, which has a  92 percent occupancy rate, is located east of Interstate 95 and just west of U.S. Highway 1 in Boca Raton, within one mile of the city’s Tri-Rail ... [more]

Fort Lauderdale industrial park sells for $14.8M

Posted:Sat, 29 Apr 2017 20:00:57 +0000

East Port Center, a fully occupied industrial park in Fort Lauderdale, sold for $14.8 million, or $136 per square foot. Two senior vice presidents of Berger Commercial Realty/CORFAC International, St. George Guardabassi and Judy Dolan, represented the seller, EJP East Port, LLC. The buyer, East Port Center, LLC, retained Berger Commercial Realty as the exclusive leasing agent and property manager for the industrial park following the April 26 closing of the transaction. “We look forward ... [more]

Another ex-Miami Heat player lists a Pinecrest home

Posted:Sat, 29 Apr 2017 19:00:25 +0000

Another former Miami Heat basketball  player has listed a house for sale in the exclusive Pinecrest suburb of Miami. Former Miami Heat center Chris “Birdman” Andersen listed his 7,629-square-foot residence at 5826 Southwest 107 Street in Pinecrest with a reduced asking price of $3.94 million. Andersen initially listed the home for sale for $4.55 million on April 7 before reducing his asking price. He bought the Pinecrest property in 2013 for $1.89 million, according to property records. ... [more]

Magic City owner wants to put a casino in Edgewater

Posted:Sat, 29 Apr 2017 17:35:13 +0000

The owner of the Magic City Casino in Miami has applied for a license to open a new casino in the city’s Edgewater neighborhood at 3000 Biscayne Boulevard. West Flagler Associates, Ltd., had applied in 2015 to open a new poker room in downtown Miami. The state Division of Pari-Mutuel Wagering rejected the application, but a state appeals court overruled the division’s action this month. West Flagler filed an amended application April 20 with the ... [more]

Developer lands $43M loan to build retail center with Miami-Dade’s 1st Wawa

Posted:Sat, 29 Apr 2017 16:20:40 +0000

Miami-based Ocean Bank made a $43 million loan to finance construction of a shopping center in Miami Gardens with a group of tenants including Miami-Dade County’s first Wawa convenience store. North Miami-based IMC Equity Group secured the loan through an affiliate to finance is construction of Gardens Promenade, expected to open in August 2018. IMC will build the 251,489-square-foot shopping center on a 32.8-acre site at 18000 Northwest 27 Avenue. The project’s cost is $60 ... [more]

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