The JB Team News

July 21, 2017

Fort Lauderdale commissioners provided unanimous approval to FATCity, one of the more uniquely named projects to pop up in South Florida. FATCity (Flager Arts and Technology City) will reside in FATVillage, encompassing 1.35 million square feet of retail, office, hospitality and residential space. The developer is Traina Cos and the architect is Adache Group Architects. The project, which would be close to Brightline’s Fort Lauderdale station, ent...[more]

Guten tag, Bayerische Versorgungskammer! The name of the institutional investor that acquired 1111 Lincoln last week for $283 million may not be familiar on the Miami real estate scene — yet — but it is an active buyer of trophy properties in the United States. Across the country, Bayerische Versorgungskammer, known as BVK, owns retail and office properties worth at least $1.6 billion in cities like New York, Chicago and Los Angeles, according...[more]

June 12, 2017

Colombia was back on top as the No. 1 country searching for Miami real estate in March, according to Miami Association of Realtors’ latest report. Colombia dethroned Brazil, which led the ranking in February. Web users from Colombia registered the most property searches on the association’s website, MiamiRealtors.com, in March, followed by Venezuela and Brazil. Latin American countries typically lead the monthly list, although Russia and Ca...[more]

David Beckham can jump into the next phase of his soccer franchise dream now that he has the land to build a stadium in Miami’s urban core. On Tuesday, the Miami-Dade County Commission voted 9-4 to sell nearly 3 acres in Overtown to Miami Beckham United to complete an assemblage that also includes 6 privately owned acres the group paid $19 million for last year. “Now is the time for MLS to move forward in helping us deliver the soccer clu...[more]

Real estate experts in the EB-5 visa field strongly believe new legislation governing the controversial immigration program that rewards foreign investors with permanent U.S. residency will pass by the end of September. “Either Congress will pass a new EB-5 law, which will be the best news,” said H. Ronald Klasko. “Or the U.S. Citizenship and Immigration Service will pass regulation that will have a significant impact on the EB-5 program.” ...[more]

May 31, 2017

Plans for North Miami’s proposed Chinatown are moving forward, and property values are expected to rise in the area, city officials said last week. The latest version of the proposed Chinatown will feature two gateways to the district, on the north and south, that will have a Chinese design, though the elements are still considered conceptual, said Ben Benmoshe, urban designer with Keith and Schnars, an engineering consulting firm that is worki...[more]

A judge ruled that the owner of 14 acres at the 22-acre Jockey Club condo complex in North Miami can proceed with plans to build residences and hotel rooms there. Miami-Dade Circuit Court Judge John W. Thornton ruled Friday in favor of Apeiron Miami, LLC, and against the condo owner associations of two existing Jockey Club condominium buildings, which had opposed Apeiron’s development plan at the condo complex at 11111 Biscayne Boulevard. Apei...[more]

April 10, 2017

A stunning contemporary spec mansion in Miami Beach with 100 feet of frontage along Biscayne Bay sold for $20 million, making it one of the highest sales within the last year and the biggest on Bay Road in the same timeframe. The 12,000-square-foot waterfront residence is near the homes of former Miami Heat stars Chris Bosh and Dwyane Wade. Asking $25 million, the estate was developed by Bart Reines and Brett Palos, and features a rooftop terrace, ...[more]