business news: small business; big business; real estate
In this image, reminiscent of D-Day, cruise ships can be seen parked just off the coast of Miami Beach. One can surmise that all the docks are occupied with other ships. Also, one can just make out to the right,behind the cargo ship stacked with maroon colored containers, the new Virgin Voyages ship. Having postponed its maiden voyage due to the coronavirus crisis, it sits parked in a cargo ship loading area not normally occupied by cruise ships.
These are most unusual times.
Just opened the new 4 terrabyte hard drive I bought for $149. In the year I graduated from college, that amount of storage would have cost more than $4 billion. https://t.co/fNqC2RanQL pic.twitter.com/AS69SujJeq
— David Frum (@davidfrum) February 13, 2020
New York State Senator Julia Salazar is interviewed in Albany by The Real Deal reporters Georgia Kromrei and Kathryn Brenzel the night before the rent laws were signed into law.
A 7,372 square feet retail building on a 19,333 square feet lot located at 1098 North Miami Beach Boulevard in North Miami Beach has been secure as a Goodyear Tire location. The property, owned by Aventura, Florida based Athenas Commercial LLC, was previously the location for another business that also operated a retail tire business there. Representing the tenant on the transaction was James Hawkins, Broker Associate of The Keyes Company Commercial Office in downtown Miami.
The property, located within the city limits of North Miami Beach, is zoned B-2 General Business District. The city’s stated purpose and intent of this district is to provide suitable sites for the development of retail and service commercial uses of a general nature which serve the diverse consumer needs of the entire community and in areas consistent with the City’s Comprehensive Plan Land Use Element. Property taxes for this property in 2018 were $18,713.09 on an assessd value of $842,700.
The Miami-Dade County Property Appraiser shows a land use for this location of “2719 AUTOMOTIVE OR MARINE : AUTOMOTIVE OR MARINE,” while that noted as for other government agencies, presumably in this case the City of North Miami Beach, is “110 – SALES AND SERVICES (WHOLESALE FACILITIES, SPOT COMMERCIAL, STRIP COMMERCIAL, NEIGHBORHOOD SHOPPING CENTERS/PLAZAS), EXCLUDES OFFICE FACILITIES.”
Editor’s Note: James Hawkins is with Hawkins Commercial Realty as of May 2020.
A 40,000 square feet industrial lot at 16555 NW 13th Avenue in Miami Gardens, Florida, has sold for $1,000,000, $25.00 per square foot of land. The seller, William C Webb Jr Foundation Inc, had acquired the property a couple of years prior in a transaction with affiliated parties. Property taxes in 2019 were $18,062.39 on an assessed value of $704,200. A single story office building with 5,110 square feet and built in 1961 is located on the property.
Located within the city limits of Miami Gardens, Florida, the folio is zoned I-1. The land use shown by the Miami-Dade Property Appraiser is “1713 OFFICE BUILDING – ONE STORY : OFFICE BUILDING,” while that noted as for other government agencies, presumably in this case the City of Miami Gardens, is “342 – INDUSTRIAL INTENSIVE, OFFICE TYPE OF USE.”
The buyer was Miami based One Fish LLC. The commercial brokers on the transaction were James Hawkins, a top producing Broker Associate of The Keyes Company Commercial Office located in downtown Miami, and William Webb of Webb Commercial Realty.
Editor’s Note: James Hawkins is with Hawkins Commercial Realty as of May 2020.
The Keyes Company, one of the largest independent real estate brokers in the United States, awarded its Commercial real estate broker associate James Hawkins with its prestigious Chairman’s Circle Award. This award was presented to him by the CEO and CFO of The Keyes Company, Mike Pappas and Timothy Pappas, respectively, at The Keyes Company’s annual Award Ceremony held in Hollywood, Florida. The Chairman’s Circle award is issued to the company’s top performers.
The Keyes Company is a dominant fixture in Miami area commercial real estate sales and leasing. The company has closed on more commercial properties in Miami-Dade, per the Miami Realtor’s Association MLS, than any other broker in MLS for more than ten years straight. In 2018, in fact, the company closed on more commercial properties per MLS than the next three brokers combined.
Editor’s Note: James Hawkins is with Hawkins Commercial Realty as of May 2020.
The iconic Bloom & Kinnear office building at 2486 SW 27th Terrace has sold. Listed for sale with James Hawkins of Keyes Commercial, the property was under contract for more than a year before closing on May 4, 2018 at a sales price of $2 million.
Consisting of 3,045 square feet of premium office property, at sale the handicap accessible building possessed six private offices, a conference room, and a reception area surrounding a generous open secretarial area. It had generally open construction, allowing for easier-than-average reconfiguration for any number of uses, including law offices, medical offices, and more.
The property had been under contract with another buyer. When that (first) buyer asked for an extension of due diligence with no consideration offered, Hawkins suggested that making a portion of a deposit on a (second) backup contract immediately non-refundable upon it becoming the active contract might incent the seller to not provide an extension of due diligence to the first buyer. The second buyer indeed presented a backup offer with this provision. When the due diligence extension was not granted to the first buyer, the first buyer cancelled his contract, at which point the second buyer’s contract became effective. That second buyer closed on the purchase of the property thereafter.
Although the address is on 27th Terrace, the property clearly fronts US 1, with some of the most prominent visibility available on this key strip of road just out of downtown Miami and at the crossroads of desirable areas such as Coconut Grove, Coral Gables, and South Miami. An estimated 110,000 cars pass this location daily, 40 million per year. The location is approximately 1,000 feet from the Coconut Grove Metrorail Station and near the primary entrance to Coconut Grove off of US 1. The property sits on a 10,000 square foot lot zoned T4-O and has 11 parking spaces. Its location benefits from the 27th Terrace angular exit from US 1 for northbound drivers, and from a dedicated exit land for the same for southbound drivers, making the property unusually accessible for the street.
The property was occupied by its now former owner, which vacated upon sale. The buyer intends to renovate the property for his use.
Editor’s Note: James Hawkins is with Hawkins Commercial Realty as of May 2020.
An approximately 1,087 square feet retail space has been secured in the Miami, Florida suburb of Coral Gables for a new College Nannies Sitters and Tutors location. The space sits within Gables Ponce, an 84K sf retail and residential property on 2.32 acres just off US Highway 1 and Le Jeune Road. The College Nannies Sitters and Tutors location at 4583 Ponce de Leon Boulevard is just to the northeast of the Robb & Stucky store in the same building.
Representing the tenant on the transaction was James Hawkins of The Keyes Company Commercial Office in downtown Miami, Florida.
Editor’s Note: James Hawkins is with Hawkins Commercial Realty as of May 2020.
