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Biscayne Bay Brewing to open at historic post office in downtown Miami

The Real Deal Miami -- May 22, 2018 2:30:08 PM

Biscayne Bay Brewing is opening a second location in a historic building in downtown Miami. The brewery, based in Doral at 8000 Northwest 25th Street, is opening a 6,200-square-foot brewery and taproom at the Old United States Post Office and Courthouse building, at 100 Northeast First Avenue. It’s slated to open this winter, according to a spokesperson. Stambul USA, led by Daniel Peña, paid $11 million for the building in 2014. Barrett Wolf of Wolf ... [more]
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Manchester United and Tampa Bay Buccaneers owner sued by contractor in Palm Beach

The Real Deal Miami -- May 22, 2018 1:58:07 PM

The owner of one of the world’s most famous soccer clubs is being accused of foul play. Benitz Building LLC filed a lawsuit in Palm Beach County Circuit Court against Avram “Avie” and Jill Glazer earlier this month. The company said that it was hired to make improvements to the Glazers’ house at 195 Via Marina Avenue in Palm Beach in July 2014 and had substantially completed the project in May 2017. Benitz alleges that ... [more]
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Beachfront development site owner in Miami-Dade files Chapter 11

South Florida Business Journal -- May 22, 2018 1:32:05 PM

The bankruptcy filing stayed a $6 million foreclosure lawsuit.
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Faena District secures $140M loan

South Florida Business Journal -- May 22, 2018 1:17:08 PM

The loan covers over 1 million square feet of development.
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SoFla lease roundup: TSF Sportswear takes 173k sf at spec industrial park in Pompano & more

The Real Deal Miami -- May 22, 2018 12:35:02 PM

TSF Sportswear leases warehouse at spec Pompano Beach industrial park Florida-based wholesale apparel distributor TSF Sportswear just inked a 173,000-square-foot lease for a warehouse at Bridge Development Partners’ Bridge Point Powerline Road in Pompano Beach. The company has more than 30 brands, including American Apparel, Dickies and Next Level Apparel. TSF Sportswear is the first to lease space at the speculative industrial park that is under construction at 1951 North Powerline Road. Bridge plans to ... [more]
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Condo values increased most in these South Florida neighborhoods in Q1

South Florida Business Journal -- May 22, 2018 11:37:58 AM

Meanwhile, seven local neighborhoods saw condo sales values decline over 5 percent.
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Cadre seeks at least $100M from SoftBank

The Real Deal Miami -- May 22, 2018 11:30:35 AM

Real estate crowdfunding platform Cadre is seeking at least $100 million from a fund started by the SoftBank Group. Representatives for the SoftBank Vision Fund met with a top executive from Cadre recently, Bloomberg reported. The fund gets nearly half of its $100 billion from the Saudi Arabian government and at least $15 billion from the United Arab Emirates. According to Cadre representatives, co-founder Jared Kushner doesn’t have an active role at the company, but ... [more]
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Brewery to open in historic downtown Miami building

South Florida Business Journal -- May 22, 2018 11:07:59 AM

Biscayne Bay Brewing Co. will open in the historic Old U.S. Post Office and Courthouse building in downtown Miami. The 6,200-square-foot brewery and taproom will be on the third floor of the building at 100 N.E. First Ave. Built in 1912 by Oscar Wenderoth, it was the city’s first brick-and-mortar post office. Biscayne Bay Brewing said it will serve small batches of artisanal and experimental beers from its microbrewery there. It should open this winter. The space was leased from Post Office…
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The week in luxury: A map of Miami-Dade’s priciest condo sales

The Real Deal Miami -- May 22, 2018 10:30:35 AM

Condo sales volume bumped up in Miami-Dade last week. The county recorded 174 closings for a total of $68 million, a slight increase from the previous week’s $65.5 million sales volume for 122 units.  Condos last week sold for an average price of about $537,000 or $343 per square foot. The most expensive closing was at the St. Regis in Bal Harbour. Unit 705 in the north tower traded hands for $2.55 million, or about ... [more]
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Mi Casa assisted living facility breaks ground in Broward

South Florida Business Journal -- May 22, 2018 9:55:59 AM

The project is near a busy intersection.
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