Regions Southeast | Miami
50,000SF Mixed-Use Building in Miami Beach Trades Hands
May 20, 2008

Ownership of the 50,000-square-foot Lincoln Building in Miami Beach, Fla., has changed hands. Radhey Sham Inc. took the property off the hands of a partnership involving local investors Jeff Cohen and Joseph Comras. Located at 350 Lincoln Rd., the 62-year-old structure contains 40,000 square feet of office space and 10,000 square feet of retail space. The new owner plans to renovate and re-tenant the property--talks are already in the works to bring a national retailer to the retail segment--to create premium space in a hungry market. The vacancy rate in Miami Beach at the close of last year was 6.7 percent.

 
Recent Miami Headlines
Whole Foods Retail Sells for $31M in Coral Gables
July 02, 2008
The Whole Foods condo, situated in Plaza San Remo in Coral Gables, Fla. sold for $31 million.
Arquitectonica Reshapes Miami Skyline with Completion of Marquis
June 27, 2008
The second-tallest building in Miami’s metropolitan skyline has recently been completed.  The 700-foot 67-story tower was designed by Miami-based Arquitectonica and developed by Leviev-Boymelgreen Marquis Developers.
Deka Immobilien Buys Florida Office Building for $83M
June 25, 2008
Deka Immobilien has acquired the BAC Colonnade office building in Coral Gables, Fla. for approximately $83 million. Deka Immobilien was advised by ING Clarion Partners L.L.C.
Miami International Freight Solutions Leases 75,000 SF in Florida
June 25, 2008
Miami International Freight Solutions, a warehousing, transportation, and logistical support company, has signed lease agreement at Higgins Development Partners’ Centergate at Gratigny, a 1.6 million-square-foot business park in Miami’s Airport North submarket.
Jones Lang LaSalle Selected as Leasing Agent for Miami Retail Center
June 23, 2008
TIAA CREF has retained Jones Lang LaSalle as leasing agent for Kendall Town & Country Center, a 643,692-square-foot, open-air retail development at 8505 Mills Drive in Miami, Fla.