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Downtown Miami Holiday Inn hit with M UCC foreclosure, as debt woes pop up in South Florida
Business

Downtown Miami Holiday Inn hit with $70M UCC foreclosure, as debt woes pop up in South Florida

December 11, 2024December 11, 2024

The Holiday Inn Port of Miami-Downtown is headed to a foreclosure auction.  Lender Cirrus Real Estate Partners filed a Uniform Commercial Code foreclosure against the

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Lease roundup: Citigroup Center scores five new tenants, soccer apparel store plans first US outpost in Miami Beach
Business

Lease roundup: Citigroup Center scores five new tenants, soccer apparel store plans first US outpost in Miami Beach

November 25, 2024November 25, 2024

Boreal Capital Management, JAB Holding Company, more | downtown Miami  Citigroup Center in downtown Miami scored five new tenants.  Wealth management firm Boreal Capital Management

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Miami board shoots down Oak Row’s and Asi Cymbal’s projects
Business

Miami board shoots down Oak Row’s and Asi Cymbal’s projects

November 22, 2024November 22, 2024

A Miami review board approved four projects, but shot down two others at its meeting this week.  The Miami Urban Development Review Board didn’t take

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Big plans, little construction: Mapping South Florida's long-delayed megaprojects
Business

Big plans, little construction: Mapping South Florida's long-delayed megaprojects

November 5, 2024November 5, 2024

Nearly a decade ago, the Ghermezian family unveiled plans for an ambitious project: American Dream Miami.  The Ghermezians’ Triple Five Group, owners of American Dream

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Lease roundup: Italian restaurant Rosemary’s coming to Wynwood, Miami Worldcenter lands tenants
Business

Lease roundup: Italian restaurant Rosemary’s coming to Wynwood, Miami Worldcenter lands tenants

September 30, 2024September 30, 2024

Rosemary’s | Wynwood | Miami New York Italian restaurant Rosemary’s will open in Miami’s Wynwood neighborhood.  New York-based hospitality firm Casa Nela leased 7,000 square

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Triple Double, Stonerock Capital could lose downtown Miami office buildings to foreclosure
Business

Triple Double, Stonerock Capital could lose downtown Miami office buildings to foreclosure

September 10, 2024September 10, 2024

Two years after buying a pair of downtown Miami office buildings, Triple Double Real Estate and Stonerock Capital Partners could lose the properties to foreclosure.

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The builders: Ranking Miami’s construction firms
Business

The builders: Ranking Miami’s construction firms

September 3, 2024September 3, 2024

At a busy intersection in North Miami, construction of the 382-unit Manor Biscayne apartment project is underway. So far, the eight-story building is a gray

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Galbut family pays off 3M construction loan for downtown Miami tower, amid unit closings
Business

Galbut family pays off $213M construction loan for downtown Miami tower, amid unit closings

August 20, 2024August 20, 2024

An affiliate of Galbut Family Office paid off the $213.4 million construction for the Gale Hotel & Residences project in downtown Miami.  Bank OZK provided

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Lease roundup: Latin Securities opens in downtown Miami, Spanish restaurant picks A&E District for first US outpost
Business

Lease roundup: Latin Securities opens in downtown Miami, Spanish restaurant picks A&E District for first US outpost

August 19, 2024August 19, 2024

Latin Securities | downtown Miami  Financial services firm Latin Securities opened an office in downtown Miami.  Buenos Aires, Argentina-based Latin Securities, which offers wealth management,

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Naftali scores M loan for planned Miami Worldcenter high-rise
Business

Naftali scores $35M loan for planned Miami Worldcenter high-rise

August 14, 2024August 14, 2024

Naftali Group secured a $35 million pre-development loan for its mixed-use condo and rental tower at Miami Worldcenter.  The New York-based developer obtained the financing

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