Downtown Miami seemed to be heading towards an overdevelopment zone a few months back but suddenly there has been a turnaround with many new projects being started in the area. The latest mega development project has been announced by the Genting group after acquiring the 14-acre prime Miami Herald property along Biscayne Bay. The Malaysian…
The Viceroy Hotel, situated in downtown Miami, has finally been purchased by a Maryland company for a price of $36.5 million. This 148-unit property which is housed in the famous ICON Brickell complex was a landmark structure of this area The Pebblebrook Hotel Trust acquired this property from the Related Group which had developed this…
In spite of the higher sales in the first quarter of this year, there are still more than 700 condo units available for sale in the Downtown West Palm Beach market. The South Florida property boom resulted in the condo unit development project creating more than 3,400 units since March, 2003. The report released by…
Genting Malaysia Berhad, which is the third largest casino in Asia, closed a landmark deal for a staggering $236 million with the McClatchy Co, for the prime 13.9 acres of Miami Herald waterfront land in downtown Miami. The all-cash deal was closed this Friday and would mark the entry of this Malaysian conglomerate into Miami’s…
