Miami Commercial Real Estate News

Banesco USA has moved its Miami headquarters to a new facility purchased for $12 million and located at 3155 NW 77th Avenue in Miami’s East Doral neighborhood.

Banesco USA HQ Relos to Renovated, $12M Property in Miami’s East Doral

By Lisa McDuffie | February 07, 2023 Banesco USA, an independent FL state-chartered bank with upwards of $2.78 billion in assets, has mo...Read more

Park Hotels & Resorts, Inc., has sold the 508-room Hilton Miami Airport Blue Lagoon located in Miami, FL to MCR for $118.3 million.

MCR Pays $118M for Hilton Miami Airport Blue Lagoon

By Lisa McDuffie | February 06, 2023 Hotel owner-operator MCR has acquired the Hilton Miami Airport Blue Lagoon, a 14-story hotel with 5...Read more

Starwood Capital Group has initiated Starwood Impact Investors for investing in real estate opportunities controlled by women and diverse owners and operators.

Starwood Capital Group Launches Platform for Investing in CRE Controlled by Women, Diverse Owners

By Lisa McDuffie | February 02, 2023 Miami Beach, FL-based Starwood Capital Group, a global private investment firm with a primary focus...Read more

The largest undeveloped waterfront property in Miami still for sale for $1.225 billion

Safe & Green Holdings Lured from Jacksonville to Miami by “Substantial Consolidation of Real Estate Development Capital”

By Lisa McDuffie | February 01, 2023 Safe & Green Holdings Corp., a developer, designer, and fabricator of modular structures, has s...Read more

Gencom and Corten Real Estate have closed a strategic venture with Provenance Hotels and taken partial ownership of eight boutique hotels throughout the US.

Gencom, Corten Real Estate Affiliates Close on Strategic Venture with Provenance Hotels

By Lisa McDuffie | January 30, 2023 Affiliates of Miami, FL-based Gencom, an international owner and developer of hospitality and resid...Read more

Waterford Business District has received municipal approval to offer a build-to-suit opportunity in its additional 29 acres of land.

Waterford Business District DRI Modification Opens the Door for Development Opps in Miami

By Lisa McDuffie | January 26, 2023 Nuveen Real Estate, Allianz Real Estate, Blanca Commercial Real Estate, Cushman & Wakefield and...Read more

L&L Holding Company and Oak Row Equities have closed on $215 million in construction financing for one-million-square-foot The Wynwood Plaza in Miami’s Wynwood Arts District.

Partners Secure $215M in Construction Financing for The Wynwood Plaza in Miami

By Lisa McDuffie | January 23, 2023 L&L Holding Company and Oak Row Equities have closed on $215 million in construction financing ...Read more

Andrew Dickey has been selected to lead JLL’s Hotels & Hospitality Group investment sales efforts across the Southeast US, Caribbean and Central America.

JLL’s Hotels & Hospitality Group Taps Andrew Dickey to Lead Investment Sales in Southeast, Caribbean, Central America

By Lisa McDuffie | January 23, 2023 JLL’s Hotels & Hospitality Group has appointed managing director Andrew Dickey to lead hotel ...Read more

The Citigroup Center office tower in Downtown Miami has absorbed nearly 28,000 square feet new leases of spec office suites to eight tenants.

Miami’s Citigroup Center Leasing Activity Reveals a Hankering for Spec Suites

By Lisa McDuffie | January 20, 2023 Citigroup Center, a 34-story tower in Downtown Miami and the second-largest Class A office building...Read more

Stockbridge has purchased a warehouse at 4343 NW 77th Avenue in Miami from Dobbs Equipment in a $20-million sale-leaseback deal.

Stockbridge Buys $20M Warehouse in Miami Airport West Sale-Leaseback Deal

By Lisa McDuffie | January 18, 2023 CA-based real estate investment management firm Stockbridge has completed its $20-million purchase ...Read more

Pretium has leased 11,591 square feet in Deco Capital Group’s Eighteen Sunset office building under construction in Miami Beach, FL.

$5B Investment Firm Inks 12K-SF Lease at Deco Capital Group’s Eighteen Sunset

By Lisa McDuffie | January 17, 2023 Specialized investment management firm Pretium has leased 11,591 square feet on the fourth floor of...Read more

SRS Real Estate Partners has completed the $14.4-million sale of a single-tenant retail property occupied by Walgreens located at 3595 Coral Way in Miami, FL.

SRS Real Estate Partners Closes $14M Sale-Leaseback for Miami Walgreens

By Lisa McDuffie | January 11, 2023 SRS Real Estate Partners has completed the $14.4-million sale of a 16,285-square-foot single-tenant...Read more

Limestone Asset Management and JV partner Orion Real Estate Group have acquired the Colonial Palms Plaza retail center in Miami, FL for $70.5 million.

Limestone Asset Management, Orion Real Estate Spend $71M on Second Pinecrest Retail Center

By Lisa McDuffie | January 10, 2023 Miami, FL-based Limestone Asset Management, via a joint venture with Orion Real Estate Group, has p...Read more

Northmarq has added Jaspaul Kapoor, SVP, Garrett Stasand, VP and David Henney, VP to its debt and equity platform in Miami, FL.

Northmarq Opens Debt/Equity Office in Brickell with Trio of New Hires

By Lisa McDuffie | January 05, 2023 Commercial real estate services firm Northmarq has expanded its debt and equity platform in South F...Read more

International law firm Kirkland & Ellis has signed a six-floor, 115,000 square-foot lease at 830 Brickell in Miami, FL.

Kirkland & Ellis Takes Six Floors in Miami’s 830 Brickell Office Tower

By Lisa McDuffie | January 04, 2023 International law firm Kirkland & Ellis has signed a six-floor, 115,000 square-foot lease at 83...Read more

Chetrit Group has begun construction on four million square feet of new development on six acres along the Miami River waterfront in Miami, FL.

Chetrit Group to Transform Miami River Waterfront with 4M-SF of Residence, Office, Retail, Hospitality

By Lisa McDuffie | December 21, 2022 New York, NY-based developer Chetrit Group, a privately held real estate development company, has b...Read more

Brick & Timber and Argosy Capital Partners have acquired of the Cube WYNWD office building in the Miami, FL neighborhood of Wynwood for $62 million.

Brick & Timber, Argosy Capital Partners Drop $62M on Class A Office in Miami

By Lisa McDuffie | December 16, 2022 A joint venture between Brick & Timber, a developer and real estate asset manager, and Argosy C...Read more

Melo Group has secured $48 million in debt financing for the One Plaza mixed-use development in Miami, FL through Aztec Financing.

Melo Group Secures $48M Debt Financing from Aztec Group for Miami Mixed-Use

By Lisa McDuffie | December 09, 2022 Developer-owner Melo Group has secured $48 million in debt financing for One Plaza, a mixed-use dev...Read more

Square Mile Capital Management, LLC has closed a $185-million loan to refinance Bezel Miami, a Class A multifamily located within the Miami Worldcenter in Miami, FL.

Square Mile Capital Originates $185M Loan to Refinance Bezel Miami

By Lisa McDuffie | December 07, 2022 Institutional real estate and investment management firm Square Mile Capital Management, LLC has cl...Read more

Neology Development has begun construction on its $70-million Fourteen Allapattah Residences multifamily community with 5,000 square feet of retail in Miami, FL.

Neology Development Starts $70M Community in Miami’s Allapattah Neighborhood

By Lisa McDuffie | December 05, 2022 Neology Development has begun construction on its $70-million Fourteen Allapattah Residences, a 237...Read more

STAY INFORMED

Miami