“Flagler Street shall reclaim its proud and distinctive heritage as the City of Miami’s iconic main street…A vibrant, walkable and historic shopping district.”

‐Vision of Flagler Street Task Force

Flagler Street beatification project started on November 2015, new investments and developments continue to fill this historic street. One Flagler stands right in the heart of Downtown Miami as Icon, a MiMo masterpiece, a key piece on the undergoing downtown’s renaissance.

Flagler-Street

Here the facts of Flagler Streetscape. For more details on Flagler’s project you can click here

  • Project boundary ‐ SW 1st Ave (County Courthouse)‐Biscayne Blvd
  • Construction will completed in 13 phases Construction
  • Start/finish location ‐ West to East
  • Start date for Construction –Monday ‐ November 30th
  • Total construction time frame –2 years + (Nov. 2015‐ 2017)
  • Total reconstruction of right‐of‐way –wider sidewalks + upgraded utilities + paver blocks + railroad rail (entire length of Project)
  • Pedestrian access will be provided to all businesses during each individual business “open hours”
  • Construction days/hours –Mon. –Fri: 7:00 AM to 12:00AM (Midnight) + Sat. 8:00AM‐6:00PM

Contact us today, time is running out! and get your One Flagler’s deal today.

Own a piece of an Icon!

Email: commercial@fir.com

Flagler-Beautification

 

Hollywood-Land

Fabio Faerman of FA Commercial/Fortune International Realty (FIR) has brokered the sale of 16,676 SF residential lands located in Elm Street & N Surf Rd in Hollywood, FL at a price of $3,300,000 million. The fields, which are only separated by a street from the ocean, sold in an all-cash deal. Fabio Faerman represented the seller, who hold the property for more than 40 years.

These land lots are located in the Hollywood Beach Area of Broward County, Florida; in a mostly reserved land except for a few lots; the lots are surrounded by green, protected areas and are located in the corner across Hollywood Beach. “Since the lots are in a reserved area and only a few are available for sale and constructions, these properties represented a unique and exclusive deal for both, the buyer and the seller” Faerman said. The 16,676 SF are raw lots. The buyer plans to develop the property for future residential townhouses. In the same seller portfolio there are still available for sale 2 oceanfront lots of 6,400 SF. Lots are strategically located in N Surf Rd.

Hollywood, a classic Florida beachtown that’s enchanted visitors since the 1920s. Hollywood Beach features a one-of-a-kind oceanfront along the Atlantic Ocean. The easy ocean access and village-like feel make this a great destination for locals and turist. Numerous highly-rated restaurants, small inns and hotels right on the Broadwalk add a yesteryear charm. Hollywood Beach is among the first in Florida to be designated Blue Wave Beaches, a distinction that places them among the nations cleanest, safest and most user-friendly beaches.

Fabio Faerman and his team at FA Commercial are thrilled to contribute to the progress of Hollywood and the entire South Florida’s commercial real estate market with deals like this. Recently, Mr. Faerman proudly assisted on the closing of 4322 Hollywood Blvd., a former Blockbuster property. Currently, we have 2 new vacant commercial land listed for sale in Van Buren – Hollywood, FL. Additionally, Mr. Faerman and his team have worked on bring international business to South Florida such as Cipriani, a luxury restaurant owned by the sons of famed restaurateur Giuseppe Cipriani. Coya Restaurant already renowned in London and Dubai, Coya is an authentic yet modern Peruvian restaurant. La Cantina # 20 refined Mexican fare in a glitzy space with outdoor patio & authentic curios at the heart of Brickell. Mizzen Plaza a strip mall strategically located in between Coconut Grove and US1, the strip mall is next to Coconut grove metrorail station.

About FA Commercial Advisors
FA Commercial Advisors provides a complete range of commercial real estate brokerage services – including owner and tenant leasing, acquisition and sales, marketing and consulting – to owners, investors and lessees of all property types. With an extensive international network of real estate professionals throughout the world, we offer local market knowledge on a global level.
About Fortune International Realty Commercial Division
The Commercial Division was created to offer specific advice and service to sophisticated clients, searching for a deep understanding of real estate businesses. This division has the purpose of coordinating and providing services to Fortune International Realty clients as well as residential and commercial associates interested in pursuing commercial real estate transactions.

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Heater

Fabio Faerman represented the landlord in the signing of a Multi-Year lease for ‘Eat Greek’ new location in Brickell Avenue.

Fabio Faerman of Fortune International Realty / FA Commercial represented the landlord in this lease transaction.  

The space area is located next to La Provence in 1060 Brickell Avenue. This deal was signed for a 10 years lease plus 1/5 year option. Mr. Faerman led this second generation lease transaction from conception to execution, representing a total value of $2 Million.

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Eat Greek is an authentic, affordable Greek restaurant. This casual restaurant opened its first spot in South Beach then an expansive sibling in Edgewater, and now in the heart of Brickell Avenue. Decked out with murals of ancient gods, a vertical herb garden and a real Greek atmosphere gracious, friendly and hospitable. The varied menu hits all of the Hellenic highlights, from hummus, baba ghanoush, souvlaki and gyros to lamb chops and branzino.

Brickell, a premiere Live, Work, Play destination in south of Florida it’s a rapidly-growing area just south of downtown that is central to the city’s banking culture—and, increasingly, Miami’s culture at large. Brickell personifies the new Miami: it is rich, multicultural, and intensive, having become an “overnight neighborhood” of gleaming skyscrapers whose designs and coloration reflect the coral blue waters of Biscayne Bay.

Fabio Faerman and his team at FA Commercial are thrilled to contribute to the progress of Brickell and the entire South Florida’s commercial real estate market with deals like this. Recently, Mr. Faerman proudly assisted on the closing of many deals such as Cipriani, a luxury restaurant owned by the sons of famed restaurateur Giuseppe Cipriani. Coya Restaurant already renowned in London and Dubai, Coya is an authentic yet modern Peruvian restaurant. La Cantina # 20 refined Mexican fare in a glitzy space with outdoor patio & authentic curios at the heart of Brickell. Mizzen Plaza a strip mall strategically located in between Coconut Grove and US1, the strip mall is next to Coconut grove metrorail station.

***

About FA Commercial Advisors
FA Commercial Advisors provides a complete range of commercial real estate brokerage services – including owner and tenant leasing, acquisition and sales, marketing and consulting – to owners, investors and lessees of all property types. With an extensiveinternational network of real estate professionals throughout the world, we offer local market knowledge on a global level.
About Fortune International Realty Commercial Division
The Commercial Division was created to offer specific advice and service to sophisticated clients, searching for a deep understanding of real estate businesses. This division has the purpose of coordinating and providing services to Fortune International Realty clients as well as residential and commercial associates interested in pursuing commercial real estate transactions.

Contact Information:
Fabio Faerman • CCIM • MBA • Broker Assoc.
Cell/WhatsApp +1.786.262.9966 • Office 305.400.6395
commercial@fir.com • www.facommercial.com

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ISG World announces partnership with top Chinese real estate brokerage – The Miami Herald

China’s Millionaires Are Leaving China – Yahoo News

SoFla ranks seventh for global investment – The Real Deal

Studnicky Makes Key Developer Predictions – GlobeSt

TRD insider interview: Ryan Serhant on why he loves Miami VIDEO – The Real Deal

Inside Faena’s Hotel And Arts Center, Opening Soon In Miami Beach (Photos) – The Next Miami

Top 5 biggest condo projects approved in Miami this past year – The Real Deal

Gary Nader’s Plan For Condo, Hotel Towers And Museum On Biscayne Boulevard – The Next Miami

Miami Beach moves ahead with convention center renovation – The Real Deal

Chetrit’s Miami River Project Gets FAA Approval – The Next Miami

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20 Million And counting

By the end of 2013, Florida had passed New York as the third most populous state. By the middle of 2014, according to the U.S. Census, Florida’s population reached 19.9 million. The University of Florida’s Bureau of Economic and Business Research’s estimate is slightly lower – BEBR figures the population reached 19.81 million this April.

By either reckoning, Florida will have more than 20 million residents by the end of the year. Start with births, subtract deaths, add new arrivals from the U.S. and abroad, and Florida is gaining about 781 people per day – the equivalent of adding a city bigger than Orlando every year. In a quarter-century, the state’s population will hit 26.1 million, UF projects.

Some context: Florida is still growing, but not quite like used to. Recent decades saw the state add 3 million people per decade. Nor is Florida’s growth on par with growth in Texas, which is adding nearly 1,200 people a day.

Every Year, 285,000 New Floridians

Each year for the next five, Florida is expected to add about 285,000 people to its population. That increase will be spread across the state, of course, but seen collectively it amounts to adding a city bigger than Orlando each year.

20-M

Orlando City Soccer Club behaves like a real business

Mark R. Howard | 8/27/2015

With all due respect to the U.S. women’s World Cup soccer team and its world championship run, my favorite sports story this summer was a soccer story from Florida.

The Orlando City Soccer Club is the creation of Phil Rawlins, a businessman from the U.K. who settled in Orlando, and a Brazilian businessman, Flavio Augusto da Silva. Beginning in 2010, they operated the team successfully in the (lower level) North American Soccer League while seeking a Major League Soccer franchise, which they got in 2013. Orlando City signed a well-known Brazilian midfielder named Kaká to provide some start power and began MLS play in March, using the Citrus Bowl as its temporary home field.

Fans have been raucously enthusiastic. Orlando City sold out its entire offering of season tickets for 2015, and more than 60,000 attended the first MLS game. The team has been at or near the top in average attendance among MLS teams since then. Orlando City has marketed itself and Orlando vigorously as the “soccer capital of the South.”

Good for Orlando City. Good for Orlando.NewStadium

And now the part of the story that made it my favorite.

For better or worse, the owners of sports franchises in America have been able to leverage their teams’ visibility into claims on the public purse. By one accounting, professional football, baseball, basketball and hockey teams around the U.S. have received some $20 billion in subsidies for new facilities since 1990 – despite decades’ worth of studies and consensus among economist that the economic impact of sports stadiums is minimal and a bad deal for taxpayers. Eight Florida pro teams receive various kinds of state subsidies.

The ownership of Orlando City wasn’t shy about seeking public assistance for a permanent home field. It put together a deal with the city of Orlando and Orange County for a $115-million facility with about 20,000 seats. The city and county together went in for about $35 million to purchase and prepare a site.  Meanwhile, the team went begging to the state for $30 million, lining up with the Jacksonville Jaguars, Miami Dolphins and International Speedway Corp. (NASCAR’s owner), which all want taxpayer funds to expand or upgrade their venues.

A funny thing happened on the way to the public trough. The legislature got so caught up in trying to keep poor people from getting federal Medicaid money that it didn’t get around to the law that doled out to the wealthy team owners.

Orlando City could have done what the Jags, the Dolphins and NASCAR will likely do – double down on lobbyists and go back to Tallahassee next year. But it didn’t. The team had already begun to believe the market could support a stadium with 5,000 more seats than it had planned. And rather than wait on state funding, Orlando City decided that it would just build the stadium on its own, without taxpayers’ money.

The team is buying the stadium site and paying the city and county back what they spent for the land and improvements. It will finance its $130-million facility, own it and control all the associated revenue streams – concessions, fees for hosting other events, naming rights, etc. Like a real business.

Orlando City made it clear in announcing its decision that it didn’t have anything against public money and wasn’t trying to be the poster team for a new approach to stadium funding. Its decision was driven by its own needs, it said.

But in behaving like a real business, the team highlights what’s always been true – sports teams can operate with a lot less help from the government than they deserve. Incentives for firms creating jobs that pay well and broaden a community’s economic base are one thing, but why should taxpayers subsidize wealthy owners for whom the teams are basically toys? Some business groups, quick to complain about government “over-reach” and fiscal irresponsibility in some contexts, are silent when it comes to giving taxpayers’’ money to billionaires.

Those who make the argument that a city isn’t somehow validated until it has a professional sports franchise might consider Austin. The fastest-growing big city in America, Austin has focused state and local incentives on the tech industry and now has a tech sector any city in the country would kill for. The lack of a professional sports team doesn’t seem to have hurt either its development or sel-image.

Consider, also Jacksonville, which won’t be a great city until it develops its downtown, regardless how Jaguars perform. Or St. Petersburg, where the presence of the Tampa Bay Rays has been a non-factor in the emergence of a world-class-downtown. And where the city is beginning to realize that the 80 acres where Tropicana Field sits could generate a bigger economic bang as a tech hub than as a baseball field.

Meanwhile, Orlando City isn’t the only soccer franchise that has decided to pay its own way. The Los Angeles Football Club, an MLS expansion team slated to begin play in 2018, also has announced plans for a stadium – 22,000- seats, $250-million – that will be privately financed.

It may be that we’re entering an era in which communities have different notions of quality of life than before – a football or baseball team is a nice asset, but so is an arts community, good schools and a thriving entrepreneurial community. Doesn’t a team need a great city as much as a city needs a team? What does it say about a place if it has to bride a billionaire into staying put?

Orlando City’s decision to invest its own money in a stadium is about the best vote of confidence that the city of Orlando could get. The team may not establish a new template for all-private stadium financing, but they’ve shown that it’s possible. And the fans who come to the new stadium can enjoy the games secure in the knowledge that Orlando City didn’t have to squeeze other taxpayers to put their team on the field.

Originally published on

Florida Trend - The website for Florida business

Starting in 2008, commercial real estate took a nosedive with values dropping by 10.6 percent during the fourth quarter alone. That decline was the biggest recorded in 24 years. While this was devastating to some, experienced investors know that when prices are low, genuine investment opportunities are often revealed.

As an example, of the 1,129 commercial property investors, 51 percent expected to increase allocations for commercial real estate during the credit crisis of 2008, according to a survey conducted by Marcus & Millichap Real Estate Investment Services.

Therefore, even when there was a major drop in plans for acquisitions starting in 2005 at the peak of commercial real estate, more than half of the investors planned to increase holdings. In comparison, for 2009 portfolios, only 11 percent planned a reduction. There are many benefits associated with commercial real estate investment, including cash flow, nice playing field, economies of scale, bigger payoff, and affordable managers.

However, to be successful in commercial real estate, you need to know how to separate yourself from the competition and the right way to evaluate the best properties. The following seven steps will help in determining whether a deal is really good or not.

IDENTIFYING A GREAT DEAL

  1. Insider Information – To be a big-time investor in commercial real estate, it is essential to learn what insiders know. As an example, commercial and residential real estate are valued differently; income is based on usable square footage for the commercial market. As such, cash flow is much bigger. In addition, leases for commercial property are longer, which also equates to greater cash flow.
  1. Plan of Action – Another top priority involves setting parameters. You must know how much can be afforded, the amount that can be made on each deal, who all of the primary players are, the number of current tenants and what they pay for rent, available space for lease, and so on.
  1. Spotting a Great Deal – You need to spot great deals, as well as those that should be passed over. To accomplish this, you need to assess the risks, identify any needed repairs, and carefully calculate the property’s potential.
  1. Learn Key Metrics – When assessing commercial real estate, there are primary metrics to learn, such as Net Operating Income, Cash on Cash, and Cap Rate.
  1. Finding Sellers Who are Motivated – In real estate, customers are what drive business. Therefore, you need to find motivated sellers who are willing to sell below market value. Often, finding a deal comes with a motivated seller.
  1. Neighborhood Farming – To evaluate commercial real estate, the neighborhood should be studied. This can be done by talking to owners of other properties, attending open houses, and watching for vacant buildings.
  1. Adaptable Approach – When looking for great deals, be adaptable. Classified advertisements, the Internet, and hired property searchers are great examples of locating fantastic investment leads.

Originally posted on:xlogo.png.pagespeed.ic.AYiDJtJmsb

Fabio Faerman Closes Bulk Sale Of Miami Condo Units For $6.7 Million

Aug 12, 2015
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FA Commercial’s Fabio Faerman closed a $6.7 million bulk deal for a total of 21 units at Mint Condominium, located at 92 SW 3rd Street in Miami.

Faerman was the broker of record in the all cash transaction.

The deal represented an opportunity for the buyer to acquire a large number of units in the prime downtown building, strategically located in the epicenter of Miami’s flourishing cultural arts scene.

Situated on the eastern side of downtown Miami, Mint at Riverfront was built in 2010, designed by the renowned Revuelta Vega Leon  Architects and developed by Key International.

Mint – Press Release

The future of office space, though, is much more creative and much less hierarchical. Multiple trends in both business and society are converging in how office spaces will be built out. As society gets flatter, more collaborative, more connected and more individualized, the future of office space is to mirror those trends in design and configuration. The underlying motivation is really about the people, to create a better place for the tenants.

Vibrant Location

Modern, productive, enjoyable work environment. Natural light, which enhances employee health, satisfaction and productivity, will be an amenity shared by all thanks to open work spaces, window-facing common areas, and glass walls that transmit — instead of block — light.

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One Flagler is located in the heart of vibrant downtown Miami. Visit: http://www.OneFlaglerMiami.com

 

Collaboration & Flexible space

Flexible spaces, small and mid-size team and conference rooms and general purpose areas designed to facilitate casual communication and collaboration as well, also giving tenants the ability to make their space whatever they can dream up.

Part of what enables the collaborative working environment that will become de rigueur in the future is a highly connected workplace.

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Modern and distinguished boutique offices varying from 800 to almost 5,000 SF that can be personalized: tenants can make their space whatever they dream up. http://www.OneFlaglerMiami.com

A Dash of Retro

A wise saying: “If you want to be prepared for the future, start studying the past”.

Finally, offices will be inspired for vintage office design, combining open-enclose spaces. Formal private offices mixed in perfect harmony with casual locations for meetings that do not require privacy.

Interior 4

The One Flagler building has graced Miami’s Business District since its creation in 1952.