Featured Properties

View more properties
News
$342MILLION SALE OF SIX PROPERTIES ON MIAMI BEACH'S LINCOLN ROAD CLOSES
08/20/2014
General

Terranova Corp. and its investment partner Acadia sold their six-building portfolio at a record price for South Florida retail properties. Terranova becomes managing member of the new partnership with Morgan Stanley Real Estate Investing.

Read More...
Reports
Urban Retail Report 2013
12/01/2013
Market research

Occupancy and asking rents have kept an upward trend in South Florida’s retail streets, with Lincoln Road continuing to exceed in rental levels. New energy is apparent in all South Florida retail streets, from posh Worth Avenue in Palm Beach to gritty Flagler Street in downtown Miami, two streets newly included in this annual report, and which illustrate the challenges and conquests at the two extremes of the urban street experience.

Read More...
Press Releases
TERRANOVA CLOSES RECORD $342 MILLION LINCOLN ROAD SALE
08/19/2014
Leasing

MIAMI BEACH, FLORIDA –August 19, 2014 –In one of the largest deals in South Florida history, Miami Beach based Terranova Corporation announced the sale of its 6 building portfolio of Lincoln Road area assets for $342 million. The properties were assembled over the past three and one half years at a cost of $191 million. The buyer is Morgan Stanley Real Estate Investing, along with affiliates of Terranova.

Read More...

Find a commercial property in florida

Start property search

COMMERCIAL REAL ESTATE NEWS

Bidding War Starts for Family Dollar

Richard W. Dreiling, chairman and CEO of Dollar General, is looking to go out with a bang. Before he retires from the firm next May, Dreiling has now made it his goal to acquire his largest rival. With more than 11,500 stores in 40 states, Dollar General has more retail locations than any retailer in America. This morning, the company launched a bidding war for Family Dollar Stores Inc., operator of nearly 8,200 stores. Dollar offered $9.7 billion...

More news...

COMMERCIAL REAL ESTATE NEWS

Investors Acquire 79 Condominium Units for $8.025 Mil.

A private investment group going by the name Heron Pond Holdings LLC acquired 79 condominium units at Heron Pond at 8400 SW 1st St. in Pembroke Pines, FL, from Heron Pond Investments LLC for $8.025 million, or $101,585 per unit or $106 per square foot. The 2 story, 75,000 square-feet, of 79 units average 960 square feet. Of the 79 units, 19 are 1BD/1BA, four are 2BD/1BA, 38 are 2BD/2BA, nine are 2BD/2.5BA, and nine are 3BD/2BA. The Class C building...

More news...

COMMERCIAL REAL ESTATE NEWS

Many Visitors but Few Tenants

Governors Island attracts many seasonal visitors but also faces many stumbling blocks in luring year-round tenants to the 172-acre off the southern tip of Manhattan.

More news...

COMMERCIAL REAL ESTATE NEWS

Key CoStar Composite CRE Price Index Flirting With Prerecession High

CoStar’s value-weighted U.S. Composite Index, driven by the impact of larger, core property sales, increased 2.3% in the second quarter of 2014 and was up 9.7% for the 12-month period through June 2014. Although it dipped slightly in June, the index is approaching its prerecession highs in 2007. The value-weighted index, along with the equal-weighted U.S. Composite Index, which weights each sale equally and therefore is more influenced by the more...

More news...

COMMERCIAL REAL ESTATE NEWS

Downtown Dadeland's Retail Space Sells for $39 Mil.

The Archon Group sold a portfolio of six retail properties at 7205-7285 and 7270-7290 N. Kendall Drive in Miami to a joint venture between Duncan Hillsley Capital LLC and Pebb Enterprises for $38.9 million. The six properties were purchased for $306 per square foot at a capitalization rate of 5.75%. The mixed-use property was constructed from 2006-2009 and sits on 7.5 acres in downtown Miami. The property includes tenants such as West Elm, HCA...

More news...

COMMERCIAL REAL ESTATE NEWS

Unions, Activists Align on Affordable Housing

A group of New York City construction unions have forged a coalition with affordable housing activists to ratchet up pressure on Mayor Bill de Blasio to require organized labor in the building of 80,000 lower-cost apartment units over the next decade.

More news...

COMMERCIAL REAL ESTATE NEWS

New Lee & Associates CEO Jeff Rinkov Putting Firm's New Strategic Plan Into Play

Jeffrey M. Rinkov has been with Lee & Associates since 1995 and served in executive roles for nearly a decade, a period in which it has expanded from largely a Southern California-focused brokerage to a full-service real estate provider with an increasingly national reach. As Lee & Associates announces its 50th office today, entering the Ohio market in Cleveland, one of the Buckeye State's largest metro areas, Rinkov has assumed the Los Angeles...

More news...

COMMERCIAL REAL ESTATE NEWS

Casinos Chase New York City Proximity

With three failing Atlantic City casinos slated to close their doors within the next month, officials near New York City are pushing shiny new gaming facilities harder than ever.

More news...

COMMERCIAL REAL ESTATE NEWS

CoStar's People of Note (Aug. 10 - 16)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Dallas / Ft. Worth, Chicago, New York City, Minneapolis, San Antonio, and San Francisco. DALLAS / FT. WORTH Mohr Partners Appoints President, Promotes Three By Bryce Meyers Global corporate real estate advisor M

More news...

COMMERCIAL REAL ESTATE NEWS

U.S. Home Size Levels Off, for Now at Least

The two-year trend of big houses getting even bigger appears to have peaked—at least for now—as more buyers seeking modest homes enter the market.

More news...

COMMERCIAL REAL ESTATE NEWS

Key CoStar Composite CRE Price Index Flirting With Prerecession High

CoStar’s value-weighted U.S. Composite Index, driven by the impact of larger, core property sales, increased 2.3% in the second quarter of 2014 and was up 9.7% for the 12-month period through June 2014. Although it dipped slightly in June, the index is approaching its prerecession highs in 2007. The value-weighted index, along with the equal-weighted U.S. Composite Index, which weights each sale equally and therefore is more influenced by the more...

More news...

COMMERCIAL REAL ESTATE NEWS

Marilyn Drank Here: Dive Bar Fights for Life

The owners of the Subway Inn, a dive bar on East 60th Street which, legend has it, quenched the thirst of Marilyn Monroe, wants a show of community support to help them avoid being evicted by a real estate development firm.

More news...

COMMERCIAL REAL ESTATE NEWS

Market Trend: South Florida Industrial Deliveries, Construction and Inventory

During the second quarter 2014, four industrial buildings totaling 657,005 square feet were completed in the South Florida market area. This compares to 13 buildings totaling 830,235 square feet that were completed in the first quarter 2014. There was 2,367,468 square feet of Industrial space under construction at the end of the second quarter 2014. Some of the notable 2014 deliveries include: Miramar Centre Business Park - Bldg B, a 304,000...

More news...

COMMERCIAL REAL ESTATE NEWS

Hyatt Leads New Luxury Wave

A sign that luxury travel is back: a flurry of new $900-a-night hotels. A flagship for the Park Hyatt brand in New York set to open next week is leading the charge.

More news...

COMMERCIAL REAL ESTATE NEWS

Global Fund Investments Sells Sunshine Plaza

Avi Cohen of Katz Properties Real Estate Investments acquired the Sunshine Plaza shopping center at 4001-5031 W. Commercial Blvd. in Tamarac, FL from Global Fund Investments for $28.5 million, or about $122 per square foot. The single-story, 234,000-square-foot retail property was built in 2001 on 21 acres in the Cypress Creek submarket of Broward County. It is anchored by Old Time Pottery, Publix, Marshalls, and Dollar Tree. Dennis Carson...

More news...

COMMERCIAL REAL ESTATE NEWS

Warming to Rentals in China

The glut of vacant homes across China owned by small investors has fueled a cottage industry: companies that help owners rent their homes for short-term stays.

More news...

COMMERCIAL REAL ESTATE NEWS

Ross Signs 30,000-SF BTS Lease at Miller Square

Discount retailer Ross Stores has signed a 30,000-square-foot lease for a to-be-built store at Miller Square Shopping Center in Miami. To make room for the ground-up development, owner Principal Real Estate Investors and manager Schiff Properties will demolish an underutilized section of the shopping center. CREC has been working with ownership to reposition the asset, with leasing and marketing efforts led by Steven Henenfeld, co-director of...

More news...

COMMERCIAL REAL ESTATE NEWS

In Phoenix, a Realty Check as Market Moderates

Phoenix stands as a prime example of how some of the country's hottest housing markets are struggling to pass the baton from bargain-hunting investors to traditional buyers.

More news...

COMMERCIAL REAL ESTATE NEWS

Market Trend: South Florida Office Deliveries, Construction and Inventory

During the second quarter 2014, two office buildings totaling 87,500 square feet were completed in the South Florida market area. This compares to four buildings totaling 71,390 square feet that were completed in the first quarter 2014. There was 1,284,637 square feet of office space under construction at the end of the second quarter 2014. Some of the notable 2014 deliveries include: 3905 NW 107th Ave, an 80,000-square-foot facility that delivered...

More news...

COMMERCIAL REAL ESTATE NEWS

Harlem Home With 'Feel and Character' Intact

Actress Tamara Tunie and singer Gregory Generet have put their five-story brick townhouse on tree-lined Hamilton Terrace on the market for for $3.75 million.

More news...

COMMERCIAL REAL ESTATE NEWS

Franklin Street Brings on Goldberg

Franklin Street has hired Cammi Goldberg as director of leasing and landlord representation in the firm's Plantation, FL office. Goldberg has more than 15 years of experience in the shopping center industry, specializing in leasing space for property owners. Prior to joining Franklin Street, Goldberg was the commercial leasing manager for RAM Realty Services. While there, she specialized in shopping center leasing for landlord-owned, ground-up...

More news...

COMMERCIAL REAL ESTATE NEWS

Cranberry Giant Adds Real Estate to the Mix

A.D. Makepeace, the world's largest cranberry grower is looking to the real-estate market to juice up the 160-year-old family business.

More news...