A joint venture led by an entity tied to Fortress Investment Group has sold 259 Worth Avenue in Palm Beach, anchored by luxury jeweler Tiffany & Co., for $26.4 million to Motcomb Estates, a London-based real estate investment firm.
Read More
Blackstone Group Signs Long-Term Lease At MiamiCentral For South Florida Expansion
Blackstone Group has signed a long-term lease at 2 MiamiCentral in Downtown Miami as the investment group moves forward with their South Florida expansion which was announced in October 2020. Blackstone will occupy 41,000 square feet over two floors in the recently completed 2 MiamiCentral where the group plans to have over 200 employees who will be focused on tech.
Read More
The Shops At Sunset Place In South Miami Sells For $65.5 Million To Alex Vadia's Midtown Equities
Midtown Equities, led by Alex Vadia, has acquired The Shops At Sunset Place for $65.5 million from FRIT Shops at Sunset Place, a joint venture between Federal Realty Investment Trust (NYSE: FRT), Grass River Property and The Comras Company.
Read More
Tom Brady And Gisele Bündchen Buy Miami House For $17 Million
Tom Brady and Gisele Bündchen recently bought a house for $17 million on Indian Creek Island in Miami. This private island with high-security is also known as “billionaire’s bunker.” The exclusive island offers residents a private country club, golf course and police force.
Read More
Kushner Companies Gearing Up To Break Ground On First Miami Projects
Kushner Companies is gearing up to break ground on their first two Miami projects located in Wynwood and Edgewater. The Wynwood project, known as Wynwood 27, will break ground first in Q1 2021 at 127 NW 27th St. and 129 NW 26th St. Wynwood 27 will feature 152-units, 50,000 SF of office space and 34,000 SF of retail space.
Read More
JP Morgan Chase Bank Office Building In Weston Sells For $8.9 Million
The JP Morgan Chase Bank office building in Weston, FL, has sold for $8.9 million. The 26,782-rentable-square-foot office building, anchored by JP Morgan Chase Bank, is located at 1040 Weston Road in the high-barrier-to-entry submarket that generates significant buyer interest. HRE/SEFIRA Weston Office, LLC, was the seller, and Shaked 21, LLC, was the buyer in the transaction which was overseen by Avison Young’s Florida Capital Markets Group.
Read More
Kreps DeMaria PR Repositions Into Two Companies
Kreps DeMaria Public Relations & Marketing is reengineering itself into two different companies. Kreps DeMaria is consistently ranked among the top three PR firms in South Florida for the last thirty years. The firm currently represent some of Miami’s best hotels, banks, law firms and real estate developments. The two new companies will be Cultivate PR, a Sissy DeMaria + Campbell + Acker Agency, and Israel Kreps PR led by Israel Kreps.
Read More
Mondrian South Beach Celebrates Reopening Revealing $20 Million Renovation And Baia Beach Club
The Mondrian South Beach has reopened, revealing its $20 million renovation and Baia Beach Club. The 220-room hotel, which is located at 1100 West Ave. in Miami Beach, recently completed a complete renovation including lobby, pool area, gym, spa, restaurant, event space, common areas and guest rooms. The renovation was designed by Peter Oleck and Danny Cubes of OS Design Group.
Read More
Stephen Marley Son of Reggae Legend Bob Marley Buys Miami Estate
Eight-time Grammy award winning musician Stephen Marley just bought a Miami manor for $3.4 million that spans 5.6-acres. The sale included 2 properties featuring a main house along with 2 guest houses. Across the three houses totals 7-bedrooms and 8.5-bathrooms. The manor features a media room, pool, summer kitchen, tennis court, volleyball, basketball half court, arena, gym and 4-car garage.
Read More
Miami Worldcenter Gears Up To Break Ground On Two-Story Mixed-Use Building
Miami Worldcenter Associates are gearing up to break ground on a two story mixed-use building around a pedestrian promenade in Miami Worldcenter after city records show that the developers filed for a construction permit on December 1st. Miami Worldcenter plans to have one level of retail on the ground floor and one level of office space on the second floor, totaling 41,164 sq.ft. between the two stories.
Read More