Strong demand boosts South Florida real estate prices
FOX NEWS VIDEO-Aug. 21, 2014 - 2:26 - Phil Keating reports from Miami Beach
Urban Retail Report 2013
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.
TERRANOVA CLOSES RECORD $342 MILLION LINCOLN ROAD SALE
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.