Featured Properties

View more properties
News
STEPHEN H. BITTEL, CHAIRMAN OF TERRANOVA CORP.: 'I WANT TO DO MORE'
10/12/2014
General

BY INA PAIVA CORDLEICORDLE@MIAMIHERALD.COM. Stephen H. Bittel, chairman of Terranova Corp., has reached new heights in the realm of commercial real estate since his firm’s $342million sale of a portfolio of six buildings on Lincoln Road in Miami Beach — one of the largest property deals in South Florida history. Terranova remains an owner and managing member of the properties, in a new partnership with Morgan Stanley Real Estate Investing. In total, Terranova Corp., which Bittel founded in 1980, owns and operates more than $1 billion of real estate in Florida, mostly in South Florida.

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
BLOW DRY BAR HEATS UP MIRACLE MILE
03/20/2015
Leasing

MIAMI BEACH, FL – March 20, 2015 – The Blow Bar, a phrase unknown to the male demographic, but certainly one that the women of America are well versed in as a ‘quick-stop’ hair regiment, has a new player in South Florida, Cherry Blow Dry Bar.

Read More...

Find a commercial property in florida

Start property search

COMMERCIAL REAL ESTATE NEWS

Fresh & Easy Closing 50 Stores In 3 Western States

The Fresh & Easy grocery chain, after struggling through bankruptcy and emerging under new ownership in 2013, has announced plans to close about 50 stores in California, Arizona and Nevada by April 3. The company will try to sell the stores and use the proceeds to develop new concepts, including 3,000 to 5,000-square-foot "fresh-food convenience stores" under a project with Apple store designer ADMI, according to CEO Jim Keys and company spokesman...

More news...

COMMERCIAL REAL ESTATE NEWS

CoStar's People of Note (Mar. 22 - 28)

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: Washington DC, Dallas / Fort Worth, St. Louis, New York City, South Florida, Philadelphia, and Northern New Jersey. WASHINGTON DC DTZ Hires Liss to Lead East Coast Offices By Adam Kosna DTZ has hired Roberta Liss to serv

More news...

COMMERCIAL REAL ESTATE NEWS

Forced Sellers Could Get More in Florida

Florida lawmakers are considering closing a legal loophole that allowed real-estate investors to force some condominium owners to sell their units for less than they paid for them.

More news...

COMMERCIAL REAL ESTATE NEWS

Century 21 Department Store Inks 72,000-SF Lease in Valley Stream

Premier off-price retailer Century 21 Department Store has signed a long-term lease for 72,266 square feet at Green Acres Mall in Valley Stream, NY. Expected to open in fall 2015, the two-story store will serve as the new department store anchor for the mall, located at 2034 West Circle Dr. in the Southern Nassau submarket of Long Island. Macerich acquired the property from Vornado in January 2013 for $500 million, according to CoStar data. See...

More news...

COMMERCIAL REAL ESTATE NEWS

Transwestern Promotes Two to Senior Managing Directors

Transwestern has promoted Ben Eisenberg and Walter Byrd to senior managing directors within the firm's Miami office. With aggregate transactional volume over the past seven years topping $1 billion, the duo oversees Transwetern's operations in Florida. "Ben and Walter have helped develop and grow our Miami presence and are respected leaders in the commercial real estate community," said Transwestern's Southeast President Bruce Ford. "They...

More news...

COMMERCIAL REAL ESTATE NEWS

Bahamas Resort's Delay Hurts China's Construction Plans

The opening of a $3.5 billion Bahamas resort was delayed again as a state-owned Chinese construction company and the local developer feuded over who is to blame for mismanaging the project.

More news...

COMMERCIAL REAL ESTATE NEWS

Rouse Promotes Brian Harper to Head Acquisitions

Rouse Properties, Inc. (NYSE: RSE) has promoted Brian Harper to oversee acquisitions for the shopping mall owner. Harper, whose official title is now executive vice president of leasing and acquisitions, has been overseeing the leasing team at Rouse, which has leased 6.6 million square feet and increased portfolio occupancy by 410 basis points since Rouse's 2012 formation. Harper's leadership, network of industry relationships and track record...

More news...

COMMERCIAL REAL ESTATE NEWS

The Kolter Group Sells Palm Beach Gardens Development for $22.8M

North American Development Group and Brock Development have acquired 28.3 acres in Palm Beach Gardens, FL, where they plan to construct a new retail development, Alton Town Center. The Kolter Group sold the vacant land for $22.75 million, or about $804,000 per acre. The parcel is on Donald Ross Rd., directly off of I-95 in Palm Beach County. Both the buyer and seller used in house representation. Construction is scheduled to begin in early...

More news...

COMMERCIAL REAL ESTATE NEWS

Companies Split Off Real-Estate Assets

Rising real-estate values are driving more retail companies to consider splitting off their real-estate assets to generate cash.

More news...

COMMERCIAL REAL ESTATE NEWS

Radioshack Hires DJM Real Estate To Sell U.S. Distribution Ctrs.

RadioShack Corp. has hired retail repositioning specialist DJM Real Estate to manage the disposition of seven of the retaile's owned industrial properties. The warehouse facilities, which are located in Texas, California, Iowa and North Carolina, are available for immediate sale, according to DJM, and will be sold individually or in any combination, subject to US Bankruptcy Court approval. All properties will be delivered vacant. "We have...

More news...

COMMERCIAL REAL ESTATE NEWS

Fairfield Residential Sells Landings at Coconut Creek for $33.2M

Fairfield Residential sold the 268-unit The Landings at Coconut Creek multifamily property at 4854 Fisherman's Dr. in Coconut Creek, FL to Abacus Capital Group for $33.2 million, or approximately $124,000 per unit. The 300,966-square-foot apartment community consists of one- and two-bedroom units across 19 buildings. It was constructed in 1985 in the Outer Coral Springs multifamily submarket, and was 96 percent occupied at the time of sale. Avery...

More news...

COMMERCIAL REAL ESTATE NEWS

New York's Latest Medical Facilities May Simplify Seeing the Doctor

New projects aim to put more of the specialists patients need to see under one roof.

More news...

COMMERCIAL REAL ESTATE NEWS

Tanger Outlet Center To Open in Georgia Next Month

Tanger Factory Outlet Centers, Inc. and Atlanta-based developer Ben Carter Enterprises announced the new Tanger Outlets Savannah will open next month. The 176-acre retail center is located in Pooler, GA, just off I-95 north of Savannah, representing an investment of approximately $106.9 million in the mall project together with an additional $80 million in peripheral development around the mall. Retailers committed to the center include Coach...

More news...

COMMERCIAL REAL ESTATE NEWS

DTZ Hires Liss to Lead East Coast Offices

DTZ has hired leasing and marketing veteran Roberta Liss away from BECO Management to become president of its east region, which includes the firm's operations in Boston, New York, New Jersey, Philadelphia, Pittsburgh, Washington, DC, Baltimore, Raleigh, Charlotte, Nashville, Atlanta and Florida. Based in the Washington, D.C. office, where she will serve as managing principal for DTZ's operations in that market, Liss will also be responsible for...

More news...

COMMERCIAL REAL ESTATE NEWS

When It Makes Sense to Outsource Leasing

In New York, RFR’s hiring of JLL shows the tradeoff between market reach and commissions.

More news...

COMMERCIAL REAL ESTATE NEWS

Macerich Board Rejects Rival's Hostile Takeover Bid

The Macerich Co. (NYSE: MAC) on Tuesday rejected the unsolicited $16 billion takeover proposal from Simon Property Group (NYSE: SPG) claiming it significantly undervalues the shopping center REIT. The Santa Monica, CA-based mall REIT also took several steps intended to fend off a takeover from its rival. In a statement, Macerich said the $16 billion takeover proposal by its rival is not in the best interests of shareholders, mainly because...

More news...

COMMERCIAL REAL ESTATE NEWS

Alvista Pembroke Landings Sold for $52.7M

AvalonBeay Communities Inc. and Equity Residential sold the 300-unit Alvista Pembroke Landings multifamily community at 10101 SW 14th St. in Pembroke Pines, FL to Phoenix Realty Group LLC for $52.7 million, or approximately $176,000 per unit. The 400,320-square-foot apartment community consists of two- and three-bedroom units. The complex was built in 1997 in the Pembroke Lakes South submarket of Broward County. At the time of sale, the asset was...

More news...

COMMERCIAL REAL ESTATE NEWS

Montana Rules Tim Blixseth Owes $56 Million

A Montana tax board said real-estate developer Tim Blixseth, embattled founder of the ultra-luxurious Yellowstone Club ski and golf resort, owed the state $56 million in back taxes.

More news...

COMMERCIAL REAL ESTATE NEWS

Conn's Takes 50,000 SF in Augusta

Conn’s Inc., a Texas-based appliances retailer, will open its first location in Georgia after leasing 50,000 square feet at the Village Plaza 594-596 Bobby Jones Expy. in Augusta, GA. The 208,000-square-foot shopping center was constructed in 1988 at 594-596 Bobby Jones Expy. in the North Richmond County submarket. Conn’s is planning on moving into its new location in June. Cindy Hicks and Debbie Sosa, both of US Properties Group, handled the...

More news...

COMMERCIAL REAL ESTATE NEWS

Ragonese Joins Berger Commercial Realty

Berger Commercial Realty boosted its property management division with new hire Joseph Ragonese, who joins the firm as a senior property manager. The company will benefit from his strong knowledge of building operations as they expand their presence in the Palm Beach County area. In his new role, Ragonese will be responsible for overseeing the firm's property management assignments including a 280,000-square-foot portfolio awarded in September...

More news...

COMMERCIAL REAL ESTATE NEWS

China Firms on Hunt for Trophy Assets

A thirst for natural resources among Chinese companies is being replaced by a rising hunger among businesses and wealthy individuals to acquire trophy assets and find homes for their cash overseas.

More news...

COMMERCIAL REAL ESTATE NEWS

Miami Retail Trades for $28M

RedSky Capital, along with joint-venture partner, London-based JZ Capital Management, has acquired the retail building at 35 NE 40th St. in Miami, FL from Urbana Development for $28 million, or about $1,600 per square foot. Situated in-line on the north side of NE 40th St., between North Miami Ave. and NE 1st Ave., the asset is currently occupied by Oak Tavern, a 140-seat bar and restaurant with outdoor patio. It was built in 1969 on a quarter...

More news...

COMMERCIAL REAL ESTATE NEWS

What's the Deal: News Digest

A roundup of real-estate news in the Greater New York area

More news...

COMMERCIAL REAL ESTATE NEWS

TD Bank Angling for Bigger Piece of CRE Lending Action in Florida

TD Bank promoted two new loan managers and hired a slew of loan officers to serve commercial real estate clients as it seeks to expand its lending to owners and developers of multi-family, office, retail, and industrial properties in major Florida markets. The bank appointed Donald R. Mincey and Carlos R. Perez as senior managers to lead its growing CRE lending team in Florida, which now includes several new loan officers and credit analysts, including...

More news...

COMMERCIAL REAL ESTATE NEWS

Generali Real Estate Planning Asian Push

The real estate arm of Italian insurer Assicurazioni Generali is planning a big push into Asia as part of a group-wide expansion away from its European roots.

More news...

COMMERCIAL REAL ESTATE NEWS

Southeast Financial Ctr Secures Two Office Deals with Existing Tenants

Two national law firms have renewed their lease deals in the Southeast Financial Center at 200 S. Biscayne Blvd. in Miami, FL totaling 30,026 square feet. Southeast Financial Center is Florida's tallest and largest office tower totaling 1.23 million square feet and towering 55 stories above the Downtown skyline. Stroock & Stroock & Lavan LLP has occupied the property for the past three decades. The tenant recently expanded by 3,961 square...

More news...

COMMERCIAL REAL ESTATE NEWS

Experts: Murder Case Spares the Durst Name

The case against Robert Durst wasn’t expected to affect the future of one of New York’s most influential private real-estate businesses, said marketing consultants and real-estate experts.

More news...