commercial real estate

Aging Miami Beach rentals command $240,000 per unit

2150 Park Avenue in Miami Beach (Source: Google) A 20-unit apartment building in Miami Beach sold for $4.8 million, or $240,000 per apartment, despite the building’s limited cash flow and substantial maintenance needs. The 60-year-old rental property at 2150 Park… Continue Reading →

Harry’s Pizzeria inks lease in Miami Beach, just off Lincoln Road

1680 Meridian Avenue and Michael Schwartz Michael Schwartz is grabbing a slice of Meridian Center. The chef’s popular Harry’s Pizzeria just signed a lease to open a new eatery at the building, just off Lincoln Road in Miami Beach, The… Continue Reading →

Rosinella owner lists Allapattah development site for $21M

Renderings and photos of the warehouse and broker Carlos Fausto Miranda The owner of a popular Miami Beach restaurant is looking to sell a development site in Allapattah for $21 million. A company led by Tonino Doino, who owns Rosinella… Continue Reading →

The historic Berkeley Hotel in Miami Beach reopens after expansion

1610 Collins Avenue Blue Road, a Miami development company led by principals Jorge Savloff and Marcelo Tenenbaum, just announced the re-opening of the historic Berkeley Hotel in Miami Beach. The Argentine investors spent a total of about $43 million on… Continue Reading →

Miami Beach sues Plaza Construction over faulty A/C system and leaks in new elderly assistance building

7251 Collins Avenue, Miami Beach After winning a $3 million contract to build a new home for a non-profit senior center in Miami Beach, Plaza Construction Group Florida’s predecessor company installed a defective air conditioning and heating ventilation system that… Continue Reading →

Mayor Regalado to push for a special commission vote on Virginia Key marina proposal

Rendering of Biscayne Marine Parnters’ planned development Miami voters may still get the chance to decide on a major redevelopment plan for two public marinas on Virginia Key. Over the weekend, Miami Mayor Tomas Regalado told the Miami Herald he… Continue Reading →

Ocean Drive hotels and cafés sue city of Miami Beach over liquor sales

Ocean Drive in Miami Beach Ocean Drive hotels and cafés are fighting back against a Miami Beach referendum that could potentially prevent outdoor venues on the touristy strip from selling alcohol after 2 a.m. Mango’s Tropical Cafe and 13 other… Continue Reading →

Flooding, failing pumps lead Miami Beach businesses to close

VIDEO: Earlier #flooding along 47th st. in #MiamiBeach. pic.twitter.com/JIa9wx0G5e — Miami Beach Alerts (@BeachNewsAlerts) August 2, 2017 The tail end of Tropical Depression Emily brought severe flooding to Miami and Miami Beach on Tuesday, filling streets, shutting down businesses and… Continue Reading →

Downtown North Miami development site hits market for $5.9M

545 Northeast 125th Street A development site at 545 Northeast 125th Street in downtown North Miami, which can be redeveloped as apartments, just hit the market for $5.9 million. Zoning for nearly 67,000-square-foot property allows 160,000 square feet of apartments, or… Continue Reading →

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