Monday, November 23, 2015
Wednesday, November 11, 2015
At Least 30 Retailers Have Now Signed Deals To Open At Brickell City Centre!
Brickell City Centre remains on track to open at the end of 2015, and announced a dozen new retailers for the mall:
The list includes coveted luxury brands, international household names, local favorites and first-time Miami flagships.
- Acqua di Parma – A niche Italian perfume company that also sells skincare, leather goods and a home collection. It will be opening its first brick-and-mortar Miami store at Brickell City Centre.
- IRO – A French fashion label with a cult following among the fashion elite and celebrities, the sleek street-style apparel store is opening its first flagship in Miami. It currently has locations in New York andCalifornia.
- Stuart Weitzman – A leader in luxury designer footwear, the U.S. label is a regular on the red carpet and is currently sold in more than 70 countries.
- Coach – The New York-based handbag titan, which recently added women’s ready-to-wear apparel, will open its fifth Miamilocation.
- Porsche Design – Porsche’s high-end lifestyle label, which sells ready-to-wear pieces for women and men, handbags and accessories, is opening its third store in Miami.
- Michele Lopriore – A bespoke Italian women’s shoe designer whose store at Brickell City Centre will be its first U.S. outpost after decades of success in Europe and abroad.
- Mirto – The leading Spanish tailor made famous for its quality men’s shirts with menswear and womenswear sold in 25 countries around the world. This will be Miami’s first Mirto.
- Adolfo Dominguez – An elegant Spanish apparel brand for men and women that first opened its doors in Madrid and has since expanded to major fashion capitals around the world.
- Capritouch – An Italian footwear company where shoppers meet with cobblers to design custom sandals, including an option to add Swarovski crystal embellishments. The one-of-a-kind sandals are crafted by skilled artisans from the original shop, which is located on the Island of Capri.
- Santa Maria Novella – The oldest surviving pharmacy in the world,Florence-based Santa Maria Novella sells hand-made skincare, body care and fragrance products that trace back to its original medicinal roots inItaly.
- Diptyque – A Parisian retailer selling luxe home and body fragrances. This will be its first stand-alone store in Florida.
- Nest Casa – A Miami-based showroom by proprietor and former modelSara Colombo, which sells a curated collection of luxury home décor and accessories.
Luxury brands will be located throughout the street-accessible first floor of Brickell City Centre’s retail component. Others will open on the second and third floors, emphasizing premium and contemporary retailers along with a mix of beauty, home decor, jewelry, apparel and other stores.Brickell City Centre will offer a unique vertical shopping experience, a successful shopping model common in international cities and well-recognized by global travelers.“Brickell City Centre provides a unique retail offering to an underserved international destination that caters to the part-time resident, visitor market and growing business community,” said Debora Overholt, senior retail director at Swire Properties. “There’s no denying the need for shopping, dining and entertainment options in one of Miami’s densest areas.”“This curated mix of tenants meets the diverse demand of our visiting, local and daytime business customers and will secure Brickell’s new role as a world-class flagship destination for successful global luxury brands,” said Courtney Lord, vice president of leasing for Whitman Family Development.“We are proud to be bringing onboard these new international brands, many of which have experienced overwhelming success abroad and see Miami as the perfect entry city for their North American debut,” said Sharon Polonia, executive vice president of leasing at Simon.The shopping center will seamlessly connect with Miami’s key transportation nodes. Swire Properties is incorporating a Miami Metromover stop that exits directly into the shopping center’s third floor to allow easy and convenient access. The shopping center will ease vehicle movement with an expansive two-story underground carpark that traverses streets in the lower level.The newly revealed brands are fifth in a series of retail announcements for the$1.05 billion mixed-use project. Luxury brands Valentino and Chopard were announced earlier this summer followed by contemporary brands Lululemon, Harmont & Blaine,Cole Haan, Illesteva and OndadeMar, and eateriesPubbelly Sushi, Pasion del Cielo, Quinto La Huella and Sugar. In August, Swire revealed Ted Baker, Agent Provocateur,100% Capri, Addict,Vilebrequin and APM Monaco. Most recently announced was Giuseppe Zanotti, La Perla, Bally and Kiton.Leading luxury retailer Saks Fifth Avenue has signed as Brickell City Centre’s anchor tenant and will occupy three floors of the shopping center with street-level access. Brickell City Centre’s two condominium towers, two Class A office buildings, including one almost entirely leased by international law firm,Akerman, and its EAST, MiamiHotel, will also act as anchors for the shopping center, along with a luxury dine-in theater Cinemex.The condominium, office, and hotel component at Brickell City Centre are set for completion beginning end of 2015.(http://bit.ly/1MKOH3C) #BrickellCityCentre
Thursday, October 22, 2015
Miami a Top 10 Global Destination for Commercial Real Estate Investment Capital
Miami a Top 10 Global Destination for Commercial Real Estate Investment Capital
On the heels of a very strong 7-year run of foreign capital buying Miami condos and homes, Miami has something new to be cheerful about -- the growth of foreign real estate investment capital now pouring money into Miami's commercial real estate sector.
On the heels of a very strong 7-year run of foreign capital buying Miami condos and homes, Miami has something new to be cheerful about -- the growth of foreign real estate investment capital now pouring money into Miami's commercial real estate sector.
According to the latest research from global property advisor CBRE Group, worldwide commercial real estate investment activity reached $407 billion in the first half of 2015, the strongest first half (H1) to a year since 2007, and up 14 per cent year over year.
The Miami metro area ranked 7th among the world's leading global capital destinations, just ahead of Tokyo and just behind Washington D.C., with a total of $7.7 billion of foreign and domestic investment during the first half of 2015. This is the first time since the global financial crisis that the Miami metro area was among the top 10 global real estate investment destinations.
Though rapid growth has been maintained for several years, the rate of growth slowed in H1 2015 and was vastly different at a regional and country level. The Americas experienced growth of 31 per cent year-over-year, while a strong dollar impacted activity in EMEA (Europe, Middle East & Africa) and Asia Pacific (APAC). In dollar terms, EMEA was up just 5 per cent from H1 2014, with APAC down 19 per cent year-over-year. When measured in local currency EMEA grew by 25%, while a decline in APAC was more muted at 9% year-on-year.
Last year, the Miami metro area ranked 12th globally, with a year-end total US $13.1 billion invested from foreign and domestic sources. The Miami metro area also continues to be a particularly attractive destination for international capital, rising from 49th place in 2013 to 19th place in H1 2015, with a total of $913 million invested from international sources so far this year.
The U.S., U.K. and Germany remain, by far, the largest CRE investment markets globally. A combined total of $301 billion was transacted in these three countries in H1 2015--representing an unusually high (74 per cent) share of the global market and 10 per cent above the long-term average of 64 per cent.
"Capital flows into real estate are well supported. Even ignoring rental value growth, real estate offers a 'spread' over bond rates of between 200 to 300 bps across global markets and capital will continue to be attracted to the sector," said Iryna Pylypchuk, Director, Global Research, CBRE. "The influx of new sources of capital targeting real estate as part of long-term liability-matching allocation strategies is helping to extend the investment cycle. At the same time, this pushes the 'old capital' into niche sectors, prompting expansion of the investment universe."
The recent economic slowdown in Asia has led to China, Singapore and South Korea dropping down in the top 20 market rankings during H1 2015. Canada was the only non-Asian market to experience a notable fall in the rankings, with its western regions relying heavily on oil for economic activity, weaker occupier fundamentals slowed investment activity. Rapid uplifts in investment in Europe's recovery markets Italy, Ireland and Spain meant significantly improved positions in the rankings.
Cross-border investors have grown in influence to become an important driver of CRE investment globally, particularly in the last 24 months, and are changing the shape of the market. The world's leading destinations, in terms of global capital flows, is a balanced mix of cities across all main regions--London was the most targeted city by cross-border investors in H1 2015, followed by New York and Paris. This contrasts with the top destinations for overall investment where the bias is strongly on the U.S.--New York was the leading city overall, followed by London and Los Angeles.
At a regional level, the influence of global investors varies from as little as 10 per cent in the Americas, to almost 50 per cent of the market in EMEA. The largest contributor to these flows during H1 2015 was the U.S., accounting for a stand-out $25.4 billion of investment outside its home market. The next three largest sources were Canada ($8.5 billion), Germany ($7.1 billion) and China ($6.6 billion), with their combined volume still considerably less than the U.S.
"The influence of global capital is growing to the point that these investors are becoming the "market-maker" in setting the price in the most desired and liquid markets across the globe. Within this growing wave of cross-border capital, there are elements of old and new," said Chris Ludeman, Global President, Capital Markets, CBRE.
"A recurrent wave of U.S. equity funds continues to explore global opportunities in search of higher returns off the back of strong buying power of the U.S. dollar. German capital is searching for steady investments outside their home market--a notable shift in strategy post-GFC. Despite low oil prices, Middle Eastern buyers remain active, with the investor base growing and strategies targeted at greater geographic and sector diversification.
"There are numerous new sources of capital that have emerged only recently. With its commodity driven economy slowing, Canadian investors have sought opportunities abroad. The lower oil price has triggered and accelerated global deployment of capital from the Middle East's non-institutional investors, particularly private high net worth. However, of all the new sources, Asia has been the most captivating due to the size, speed and potential long-term impact brought by the recent regulatory changes; this has allowed many of the local pensions funds and insurance companies to invest globally for the first time," Mr. Ludeman added.
The Miami metro area ranked 7th among the world's leading global capital destinations, just ahead of Tokyo and just behind Washington D.C., with a total of $7.7 billion of foreign and domestic investment during the first half of 2015. This is the first time since the global financial crisis that the Miami metro area was among the top 10 global real estate investment destinations.
Though rapid growth has been maintained for several years, the rate of growth slowed in H1 2015 and was vastly different at a regional and country level. The Americas experienced growth of 31 per cent year-over-year, while a strong dollar impacted activity in EMEA (Europe, Middle East & Africa) and Asia Pacific (APAC). In dollar terms, EMEA was up just 5 per cent from H1 2014, with APAC down 19 per cent year-over-year. When measured in local currency EMEA grew by 25%, while a decline in APAC was more muted at 9% year-on-year.
Last year, the Miami metro area ranked 12th globally, with a year-end total US $13.1 billion invested from foreign and domestic sources. The Miami metro area also continues to be a particularly attractive destination for international capital, rising from 49th place in 2013 to 19th place in H1 2015, with a total of $913 million invested from international sources so far this year.
The U.S., U.K. and Germany remain, by far, the largest CRE investment markets globally. A combined total of $301 billion was transacted in these three countries in H1 2015--representing an unusually high (74 per cent) share of the global market and 10 per cent above the long-term average of 64 per cent.
"Capital flows into real estate are well supported. Even ignoring rental value growth, real estate offers a 'spread' over bond rates of between 200 to 300 bps across global markets and capital will continue to be attracted to the sector," said Iryna Pylypchuk, Director, Global Research, CBRE. "The influx of new sources of capital targeting real estate as part of long-term liability-matching allocation strategies is helping to extend the investment cycle. At the same time, this pushes the 'old capital' into niche sectors, prompting expansion of the investment universe."
The recent economic slowdown in Asia has led to China, Singapore and South Korea dropping down in the top 20 market rankings during H1 2015. Canada was the only non-Asian market to experience a notable fall in the rankings, with its western regions relying heavily on oil for economic activity, weaker occupier fundamentals slowed investment activity. Rapid uplifts in investment in Europe's recovery markets Italy, Ireland and Spain meant significantly improved positions in the rankings.
Cross-border investors have grown in influence to become an important driver of CRE investment globally, particularly in the last 24 months, and are changing the shape of the market. The world's leading destinations, in terms of global capital flows, is a balanced mix of cities across all main regions--London was the most targeted city by cross-border investors in H1 2015, followed by New York and Paris. This contrasts with the top destinations for overall investment where the bias is strongly on the U.S.--New York was the leading city overall, followed by London and Los Angeles.
At a regional level, the influence of global investors varies from as little as 10 per cent in the Americas, to almost 50 per cent of the market in EMEA. The largest contributor to these flows during H1 2015 was the U.S., accounting for a stand-out $25.4 billion of investment outside its home market. The next three largest sources were Canada ($8.5 billion), Germany ($7.1 billion) and China ($6.6 billion), with their combined volume still considerably less than the U.S.
"The influence of global capital is growing to the point that these investors are becoming the "market-maker" in setting the price in the most desired and liquid markets across the globe. Within this growing wave of cross-border capital, there are elements of old and new," said Chris Ludeman, Global President, Capital Markets, CBRE.
"A recurrent wave of U.S. equity funds continues to explore global opportunities in search of higher returns off the back of strong buying power of the U.S. dollar. German capital is searching for steady investments outside their home market--a notable shift in strategy post-GFC. Despite low oil prices, Middle Eastern buyers remain active, with the investor base growing and strategies targeted at greater geographic and sector diversification.
"There are numerous new sources of capital that have emerged only recently. With its commodity driven economy slowing, Canadian investors have sought opportunities abroad. The lower oil price has triggered and accelerated global deployment of capital from the Middle East's non-institutional investors, particularly private high net worth. However, of all the new sources, Asia has been the most captivating due to the size, speed and potential long-term impact brought by the recent regulatory changes; this has allowed many of the local pensions funds and insurance companies to invest globally for the first time," Mr. Ludeman added.
Sunday, October 11, 2015
Record Setting Sale
I found this on Miami New Times http://www.miaminewtimes.com/riptide/archives/2015/10/07/man-who-bought-most-expensive-condo-in-miami-ever-also-recently-set-real-estate-records-in-chicago-and-new-york
Tuesday, October 6, 2015
New Developer Showcase!
Lazaro Lopez - Real Estate Buyer's Agent
1390 Brickell Ave Suite 104 Miami, FL. 33133
Buying, Selling, Investing? Let my Professional Expertise work for you!
About me:
I am a Buyer's Agent, specializing in Pre-Construction, Waterfront Luxury Homes and Luxury Condominiums in South Florida.
Specialties
- New Construction
- Luxury Waterfront Homes
- Luxury Waterfront Condominiums.
Friday, September 18, 2015
4 torres frente al río de 58 a 60 historias probable!
Otra novedad mil millones de dólares está a punto de cambiar de Miami en una gran forma y ha obtenido la aprobación preliminar de comisionados de la ciudad.
Llamado simplemente Río Miami, el proyecto de uso mixto traería habitaciones de hotel, apartamentos, tiendas, restaurantes y oficinas de la orilla sur del río que serpentea a través del corazón de la ciudad.
Los desarrolladores prometen un paseo del río pública grande y hermoso y un parque de la ciudad mejorado, y dicen que el proyecto se conectará en auge Brickell con histórico de la Pequeña Habana.
Comisionados de la ciudad el 10 de septiembre otorgaron por unanimidad la aprobación preliminar a tres ordenanzas que buscan los desarrolladores del río Miami, CG Miami River LLC.
Las ordenanzas haría:
• Modificar las políticas de la "Interpretación del 2020 Uso Futuro de Tierras Mapa" y "El 2020 Uso Futuro de Tierras Mapa Series" del plan general de la ciudad para establecer el Miami River Residencial aumentar la densidad de la zona lo permite hasta 400 viviendas por acre.
• Deje que el área a ser maestro previsto para una mayor integración de mejoras públicas e infraestructuras y una mayor flexibilidad en el marco del Plan de Zona de Especial Río Miami (SAP).
• Autorizar al administrador de la ciudad para entrar en un acuerdo de desarrollo para el SAP río Miami.
El departamento de planificación y zonificación recomendó la aprobación de todos los artículos, lo que permite río Miami para seguir adelante.
El proyecto promete traer nueva vida a la tierra en su mayoría desocupados justo al este de la I-95. El desarrollo está previsto para una zona que limita al norte con el río, al sur con la calle Séptima suroeste, en el oeste por Southwest Tercera Avenida, y al este por Southwest Segunda Avenida.
Junto con su tamaño - cuatro torres de 58 y 60 pisos de altura en 6.2 acres - este proyecto destaca por la ciudad de Miami es un socio.
Como parte del Plan de Zona de Especial propuesto bajo el código de zonificación Miami 21, el Parque José Martí se convertiría en una parte del río Miami.
Eso se traduciría en una extensión del oeste paseo del río y debajo de la I-95, y mejoras en el parque de la ciudad. Un acuerdo alcanzado con CG Miami River LLC también asegura a orillas del río pública se extenderá al este en el marco del Segundo Puente Avenue y pasado la vecina torre de condominios latitud en el río.
El SAP propuesto consiste en un proyecto en fase dividida en cinco partes que incluyen 4,181,087 pies cuadrados de desarrollo que consta de 1.678 unidades residenciales, 330 unidades de alojamiento, 66,541 pies cuadrados de espacio de oficinas, 176,350 pies cuadrados de usos comerciales, 2.376 plazas de aparcamiento, 17 muelles , al menos 35,964 pies cuadrados de espacio cívico y al menos 15.175 pies cuadrados de espacio abierto.
Junta de Revisión de Desarrollo Urbano de la ciudad y de la Comisión del Río Miami recomiendan la aprobación del proyecto de gran uso mixto, con conditions.A votación final puede llegar a finales de octubre.
(Ref.http://www.miamitodaynews.com/2015/09/15/4-riverfront-towers-of-58-to-60-stories-likely/)
Llamado simplemente Río Miami, el proyecto de uso mixto traería habitaciones de hotel, apartamentos, tiendas, restaurantes y oficinas de la orilla sur del río que serpentea a través del corazón de la ciudad.
Los desarrolladores prometen un paseo del río pública grande y hermoso y un parque de la ciudad mejorado, y dicen que el proyecto se conectará en auge Brickell con histórico de la Pequeña Habana.
Comisionados de la ciudad el 10 de septiembre otorgaron por unanimidad la aprobación preliminar a tres ordenanzas que buscan los desarrolladores del río Miami, CG Miami River LLC.
Las ordenanzas haría:
• Modificar las políticas de la "Interpretación del 2020 Uso Futuro de Tierras Mapa" y "El 2020 Uso Futuro de Tierras Mapa Series" del plan general de la ciudad para establecer el Miami River Residencial aumentar la densidad de la zona lo permite hasta 400 viviendas por acre.
• Deje que el área a ser maestro previsto para una mayor integración de mejoras públicas e infraestructuras y una mayor flexibilidad en el marco del Plan de Zona de Especial Río Miami (SAP).
• Autorizar al administrador de la ciudad para entrar en un acuerdo de desarrollo para el SAP río Miami.
El departamento de planificación y zonificación recomendó la aprobación de todos los artículos, lo que permite río Miami para seguir adelante.
El proyecto promete traer nueva vida a la tierra en su mayoría desocupados justo al este de la I-95. El desarrollo está previsto para una zona que limita al norte con el río, al sur con la calle Séptima suroeste, en el oeste por Southwest Tercera Avenida, y al este por Southwest Segunda Avenida.
Junto con su tamaño - cuatro torres de 58 y 60 pisos de altura en 6.2 acres - este proyecto destaca por la ciudad de Miami es un socio.
Como parte del Plan de Zona de Especial propuesto bajo el código de zonificación Miami 21, el Parque José Martí se convertiría en una parte del río Miami.
Eso se traduciría en una extensión del oeste paseo del río y debajo de la I-95, y mejoras en el parque de la ciudad. Un acuerdo alcanzado con CG Miami River LLC también asegura a orillas del río pública se extenderá al este en el marco del Segundo Puente Avenue y pasado la vecina torre de condominios latitud en el río.
El SAP propuesto consiste en un proyecto en fase dividida en cinco partes que incluyen 4,181,087 pies cuadrados de desarrollo que consta de 1.678 unidades residenciales, 330 unidades de alojamiento, 66,541 pies cuadrados de espacio de oficinas, 176,350 pies cuadrados de usos comerciales, 2.376 plazas de aparcamiento, 17 muelles , al menos 35,964 pies cuadrados de espacio cívico y al menos 15.175 pies cuadrados de espacio abierto.
Junta de Revisión de Desarrollo Urbano de la ciudad y de la Comisión del Río Miami recomiendan la aprobación del proyecto de gran uso mixto, con conditions.A votación final puede llegar a finales de octubre.
(Ref.http://www.miamitodaynews.com/2015/09/15/4-riverfront-towers-of-58-to-60-stories-likely/)
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