The Biscayne Corridor, never a thriving office market, continues to struggle to find its niche.
Indiana developer Mark Siffin’s plan to move ahead with the $230 million purchase of 10 acres near the Miami Herald headquarters sounds like a project from 2006-when downtown Miami land sold at top dollar and banks handed out loans like promotional pens.
MIAMI-South Florida commercial real estate investors are tired of sitting around waiting for sellers and bankers to get in gear.
South Florida commercial real estate investors are tires of sitting around waiting for sellers and buyers to get in gear.
Investors remain on the sidelines waiting for the gap between bids and asking prices on commercial properties to narrow.
MAITLAND–The for-sale sign is up at the Maitland Colonnades but local real estate experts don’t expect it to stay up for long.
New York-based Tishman Speyer bought the Courvoisier Centre office complex on Miami’s Brickell Key for about $130 million in its first Florida investment, sources said on condition of anonymity.
While the residential real estate market suffered in 2006, commercial property surged in comparison.
The only office complex on Miami’s Brickell Key has been put up for sale for the first time.