A potential development site in Miami’s Wynwood Arts District sold for $54 million. Ultimate Equity, managed by David Sedaghati of Miami-based Ultimate Shoes, sold the 1.92-acre property at 2401 N.W. Sixth Ave., plus 520 to 590 N.W. 26th St. to GK Real Estate 5 LLC, managed by Gary Krat in Highland Beach. Property data firm Vizzda confirmed the parties in the deal. It currently has 64,629 square feet of commercial buildings that were constructed in the 1950s. It was assembled[...]
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November 2, 2023 - Bercow Radell Fernandez Larkin & Tapanes PLLC has once again been recognized in the 2024 edition of Best Law Firms®, ranked by Best Lawyers®. The firm has successfully ranked in the top tier in Miami for Land Use & Zoning Law as well as in Real Estate Law as well as in the second tier nationally in Land Use & Zoning law. For the first time ever, the firm has also been ranked in Miami for[...]
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Miami Beach will buy a house in Altos Del Mar after tossing out a controversial requested zoning change. The current owners, Rudy and Betsy Pérez, who bought the house at 7605 Collins Avenue in 2001 for $510,000, had sought a zoning change for their nearly 0.2-acre property. The Collins Avenue house is surrounded on all sides by the oceanfront Altos Del Mar park, which includes a library, a large public parking lot and a playground. Amid heated opposition to the[...]
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CGI Merchant scored four office leases for nearly 13,000 square feet in Miami’s Coconut Grove neighborhood. Wrap Technologies, a global public safety tech and services firm based in Tempe, Arizona, took 4,500 square feet at 3480 Main Highway, according to a news release from the landlord’s broker. The other newly signed tenants were not disclosed and identified as two hedge funds and a private equity firm. Stephen Rutchik and Tyler de la Peña of Colliers represented CGI. Led by Raoul Thomas, CGI is[...]
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A Miami board approved a 40-key boutique hotel project in Brickell, despite raising concerns over the dearth of on-site parking, as well as the tiny valet pickup and dropoff area. The Miami Planning, Zoning and Appeals Board signed off on a proposal by Habitus Capital to build an eight-story hotel on a 0.1-acre site at 1511 Southwest Second Avenue. The board unanimously approved the project last Wednesday. A Miami board approved a 40-key boutique hotel project in Brickell, despite raising[...]
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Clara Homes wants to develop a 152-unit apartment building on the site of the Austin Burke menswear store in Wynwood. The Miami-based firm is under contract to purchase the 0.4-acre property at 2601 Northwest Sixth Avenue in Miami for $7.7 million, according to a Clara news release. In the sale-leaseback deal, the Austin Burke store could stay open for a year and a half after the deal closes. Records show the Austin Burke store’s owners, including Kenneth Sager, Barry Burke,[...]
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