News

The Wrap: Mayors ask for help as governor visits Miami Beach to talk Zika, developer wants nine high-end homes on former Wellington golf course…and more
August 26th, 2016 10:15 PM
from The Real Deal

Mosquito 1. Mayors ask for help as governor visits Miami Beach to talk Zika [Miami Herald]2. Developer wants nine high-end homes on former Wellington golf course [Palm Beach Post]3. This is why your favorite Miami restaurants are closing [Miami Herald]4. Appeals court ruling raises red flags for foreclosure attorneys [Daily Business Review] — Sean Stewart-Muniz

WeWork to lease roughly 65,000 sf at Brickell City Centre
August 26th, 2016 10:00 PM
from The Real Deal

A rendering of Two Brickell City Centre and WeWork’s Miguel McKelvey and Adam Neumann Coworking giant WeWork has signed a deal to lease nearly 65,000 square feet of uncompleted office space at Swire Properties’ Brickell City Centre project, sources told The Real Deal. A source with knowledge of the lease told The Real Deal that WeWork will occupy space at Two Brickell City Centre, the second of two Class A mid-rise office buildings at the project. The lease includes “nearly half” of the 132,280-square-foot building’s total space, though an exact size was not given. According to data from the CoStar Group, asking rents at the building average $53 per square foot, annually. That means the lease is likely worth millions of dollars. Swire Properties has yet to complete the building, […]

Unit owners at Chateau Beach sue developer, contractor for delays due to explosion
August 26th, 2016 09:15 PM
from The Real Deal

Rendering of Chateau Beach, Dan Whiteman and Manuel Grosskopf Two unit owners at Chateau Beach Residences have sued the developer and contractor over delays linked to an explosion at the Sunny Isles Beach luxury condominium tower last year. The lawsuit was filed earlier this month in Miami Dade Circuit Court by 1103 Chateau Beach LLC and 1003 Chateau Beach LLC (owners of units 1103, 1003) “and all similarly situated unit owners” against Chateau Beach LLC and Coastal Construction of South Florida. The suit seeks unspecified compensation for alleged loss of use of their million dollar-plus condos. Chateau Beach Residences, a 34-story beachfront condo tower at 17475 Collins Avenue, received its certificate of occupancy in August 2015, according to the suit. In September 2015, the condo units were conveyed to the […]

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