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South Florida
Commercial Real Estate News
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All Those New Apartments in South Florida Still Aren't Enough, Report Says
It may seem that an apartment complex is going up on every street corner in South Florida, but a new report shows that builders actually have some catching-up to do. Renters moved into 9,155 units across the tri-county region in the first half of 2018...

Miami Voters to Decide Fate of David Beckham Soccer Stadium
Soccer icon David Beckham wasn’t in the house Wednesday, but business partner Jorge Mas finally persuaded Miami city commissioners to let voters decide whether Beckham can build a 25,000-seat stadium and entertainment complex on a city-owned golf course...

4-Star Plantation Office Building Fetches $18.5M
The Southpointe office building at 7901 SW 6th Ct. in Plantation is anchored by Balfour Beatty Construction.Credit: Avison Young.The Green Companies paid $18.5 million for Southpointe, a 4-Star office building in the emerging Broward County submarket...

Florida Site for Sale Opposite Gulfstream Park in Hallandale
A rendering of a potential development on the site for sale across from Gulfstream Park in Hallandale Beach, FL. Credit: SMIR 3001 LLC. A private investment group has listed for sale a site with development rights located across from Gulfstream Park...

South Florida Office Developer Integra Investments Willing to Build on Spec at New Dania Pointe Development
Rendering of Dania Pointe, courtesy of Kimco Realty Corp. Like any developer, Integra Investments LLC hopes to generate leasing momentum ahead of a planned office project, but the Miami-based firm insists that’s not necessarily a requirement. Integra...

Miami City Leaders Postpone Decision on David Beckham Soccer Stadium
Rendering of the privately funded $1 billion development called Miami Freedom Park proposed by David Beckham and Jorge Mas at Melreese Country Club near Miami International Airport. English soccer star David Beckham will have to wait six more days to...

South Florida Office Investors Pick Up Sales Pace in Second Quarter
PGIM Inc.’s $248.5 million sale of the Sabadell Financial Center at 1111 Brickell Ave. in Miami to a joint venture of Kohlberg Kravis Roberts & Co. and Parkway Property Investments was the biggest office sale of the second quarter. Credit: CBRE. South...

Repeat Institutional Borrowers Heating up Commercial Mortgage Bond Market
One Liberty Corporate Center in Edina, Minnesota, is Workspace Property Trust's largest office building. The commercial mortgage backed securities (CMBS) market has heated up since summer kicked off, with 39 new deals emerging since June 1. In a recent...

Miami is Going Small with Micro Units and Co-Living
Set to be completed by the end of this year, X Miami will, upon delivery, offer rent-by-bedroom apartments and extended common areas for socializing. Micro-sized apartments and co-living spaces are on their way to Miami, filling a desperate need for...

Will the Recovery Go Extra Innings? Are We In for a Hard or Soft Landing? Real Estate Never Met a Cliché It Didn't Love
Going into extra innings. Credit KellyK By: Paul Owers, South Florida Market Reporter and Randyl Drummer, Senior News Editor The economy is in the middle innings. Or possibly the late innings. Unless it’s extra innings. The market may be getting...

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