Tag: 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 Avenue, which includes a 7,500-square-foot lot, is located across from

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 Italian Trattoria on Lincoln Road, is listing the 80,000-square-foot property

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 major renovations, construction and land purchases, according to a release.

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 even forcing the Miami-Dade County Courthouse Center to

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 about 154 units, according to a release from Douglas Elliman.