Proposed changes are under consideration that would smooth out ambiguities in the law that have been used to push back on proposals as well as tighten rules around project heights and the types of sites that qualify under its provisions.
Here are the most popular news headlines this past week on CRE-sources.
Will Falero, President with Pro Industrial LLC, represented both the buyer and seller in the transaction, which closed January 10.
Kirk Nelson, Robert Smith, and Jeff Kelly with CBRE represented the tenant in lease negotiations.
The City intends to optimize existing City owned parcels and replace aging structures by developing a mix of residential, commercial, and retail space.
The property makes up the office component of a newly delivered mixed-use project with more than 150,000 square feet of high-end retail space located at the main intersection of Miami’s rapidly transforming City of Doral.
Over the past decade, he has built his career as a market-leading brokerage professional specializing in industrial landlord and tenant representation and has completed industrial sale and lease transactions valued at more than $2 billion.
The firm now occupies more than 10,000 square feet.
Grove Central, located at the intersection of US-1 and SW 27th Avenue, includes a 23-story residential tower with 402 multifamily, workforce and co-living units, a new 1,250-space public parking garage, and approximately 170,000 square feet of neighborhood retail.
The property sold for $7,700,000.