While overall office vacancy in Downtown Miami and Brickell remained relatively flat, activity is increasing in the local real estate market. 84% of residential units built during the Brickell boom have now been sold, spurring support for more development. Current momentum is fueled by speculation around new projects like Genting Group's scaled back Resorts World Miami and Swire Properties' funding of its Brickell CitiCentre project. The owner of 201 S Biscayne Blvd may soon sell the building, as it was last sold in 2008 for $260 million.
Studley 25 Miami Index November December 2011CALovell
The Studley 25 Miami Index is a bi-monthly comparison of the top twenty-fi ve Class A and Class B buildings that constitute the competitive market in the Downtown Miami & Brickell Financial District.
Studley 25 Miami Index January February 2011CALovell
This document summarizes leasing activity and market trends in the Downtown Miami and Brickell areas for January/February 2011. Key points include:
- Total occupancy increased from 77.2% to 78.1%, while average asking rents dipped slightly to $39.91 per square foot.
- Notable leases included DLA Piper taking 22,567 square feet in 200 S Biscayne Blvd and Optima Ventures expanding in the same building.
- The former Brickell Financial Centre was renamed Brickell World Plaza and received $130 million in construction financing to be completed this year.
R. Douglas Hamilton is an architect and urban designer based in Brooklyn, NY. Over his career he has worked on a wide range of project types including mixed-use developments, urban waterfront revitalizations, hospitality and entertainment facilities, corporate interiors, and residential buildings. Some of his notable projects include MetroTech in Brooklyn, Lighthouse Landing in Sleepy Hollow, and the Mohegan Sun casino expansions in Connecticut.
The Colorado BioScience Association (CBSA) will honor outstanding bioscience companies and individuals throughout the state at its Annual Awards Dinner, November 6, at the Denver Marriott City Center. This year’s event will feature keynote speaker Davis Phinney, Olympic medalist and cycling great who is successfully living with early-onset Parkinson’s disease and in 2004 founded the Colorado-based Davis Phinney Foundation.
This document discusses social welfare programs and customer service support for assistance projects managed by the Ministry of Social Security. It appears to provide information on maintenance and support activities for certain government social programs and services.
Studley 25 Miami Index November December 2011CALovell
The Studley 25 Miami Index is a bi-monthly comparison of the top twenty-fi ve Class A and Class B buildings that constitute the competitive market in the Downtown Miami & Brickell Financial District.
Studley 25 Miami Index January February 2011CALovell
This document summarizes leasing activity and market trends in the Downtown Miami and Brickell areas for January/February 2011. Key points include:
- Total occupancy increased from 77.2% to 78.1%, while average asking rents dipped slightly to $39.91 per square foot.
- Notable leases included DLA Piper taking 22,567 square feet in 200 S Biscayne Blvd and Optima Ventures expanding in the same building.
- The former Brickell Financial Centre was renamed Brickell World Plaza and received $130 million in construction financing to be completed this year.
R. Douglas Hamilton is an architect and urban designer based in Brooklyn, NY. Over his career he has worked on a wide range of project types including mixed-use developments, urban waterfront revitalizations, hospitality and entertainment facilities, corporate interiors, and residential buildings. Some of his notable projects include MetroTech in Brooklyn, Lighthouse Landing in Sleepy Hollow, and the Mohegan Sun casino expansions in Connecticut.
The Colorado BioScience Association (CBSA) will honor outstanding bioscience companies and individuals throughout the state at its Annual Awards Dinner, November 6, at the Denver Marriott City Center. This year’s event will feature keynote speaker Davis Phinney, Olympic medalist and cycling great who is successfully living with early-onset Parkinson’s disease and in 2004 founded the Colorado-based Davis Phinney Foundation.
This document discusses social welfare programs and customer service support for assistance projects managed by the Ministry of Social Security. It appears to provide information on maintenance and support activities for certain government social programs and services.
Este documento presenta los resultados de una evaluación de 44 estudiantes de quinto grado de nivel secundario. Incluye el nombre, apellido, institución educativa y puntaje de cada estudiante, así como el lugar y hora en que se tomó la evaluación. El estudiante con el puntaje más alto fue Alexander David León Cordova de Pitágoras Cerro de Pasco con 156 puntos, mientras que el puntaje más bajo fue de Milagros Ayda Olaso Lo con 2 puntos. La mayoría de los estudiantes pertenecían a instituciones educativas de
La homología se refiere a la relación entre órganos orgánicos diferentes en especies distintas que derivan de un órgano común en un antepasado. Los ejemplos incluyen cómo los arcos branquiales de los peces evolucionaron para formar la mandíbula de los peces mandibulados, y cómo partes de los arcos branquiales en anfibios, reptiles y pájaros formaron huesos en la mandíbula.
Windows Movie Maker es un editor de video gratuito que viene preinstalado con Windows XP Service Pack 2, lo que lo hace una herramienta asequible para editar y crear videos de manera sencilla.
educa a tus hijos con un poco de hambre y un poco de fríovamidica2002
El documento argumenta que los padres deben educar a sus hijos con un poco de hambre y frío para prepararlos para la realidad, en lugar de darles todo y aislarlos del mundo real. Cita el ejemplo triste de Pelé, cuyo hijo se involucró con narcotraficantes a pesar de haber tenido una vida acomodada, porque Pelé estaba demasiado ocupado y no se dio cuenta de lo que pasaba. Recomienda que los padres pasen más tiempo con sus hijos y les enseñen valores en lugar de compensar su ause
Early african civilization chapter 16 study guidemasenhimerd
Early African civilizations developed advanced societies based on trade of natural resources. Trans-Saharan and Indian Ocean trade routes connected West Africa with northern Africa and Asia, exchanging gold, salt, and other goods. Powerful empires like Ghana rose along these trade networks and organized societies with castes, slaves, and oral traditions that communicated their histories and cultures.
educa a tus hijos con un poco de hambre y un poco de frío - (4)djmayelmejor
El documento argumenta que los padres deben educar a sus hijos con un poco de hambre y frío para prepararlos para la realidad, en lugar de darles todo y aislarlos del sufrimiento. Usa el ejemplo de Pelé, cuyo hijo se involucró con narcotraficantes a pesar de tener una vida acomodada, para ilustrar cómo los padres que están demasiado ocupados pueden fallar en educar a sus hijos correctamente. Recomienda que los padres enfrenten las dificultades de la vida con sus hijos en lugar de tr
The document outlines several types of thrillers including action thrillers which feature violence, explosions and obvious villains, crime thrillers which involve committing crimes like robbery and kidnapping, erotic thrillers which combine erotica and thriller genres and became popular in the 1980s, horror thrillers which include fear, suspense and villains with power, techno-thrillers which involve the military and detailed technology, and psychological thrillers which emphasize the mental and emotional states of characters.
Este documento presenta los resultados de una evaluación de 44 estudiantes de quinto grado de nivel secundario. Incluye el nombre, apellido, institución educativa y puntaje de cada estudiante, así como el lugar y hora en que se tomó la evaluación. El estudiante con el puntaje más alto fue Alexander David León Cordova de Pitágoras Cerro de Pasco con 156 puntos, mientras que el puntaje más bajo fue de Milagros Ayda Olaso Lo con 2 puntos. La mayoría de los estudiantes pertenecían a instituciones educativas de
La homología se refiere a la relación entre órganos orgánicos diferentes en especies distintas que derivan de un órgano común en un antepasado. Los ejemplos incluyen cómo los arcos branquiales de los peces evolucionaron para formar la mandíbula de los peces mandibulados, y cómo partes de los arcos branquiales en anfibios, reptiles y pájaros formaron huesos en la mandíbula.
Windows Movie Maker es un editor de video gratuito que viene preinstalado con Windows XP Service Pack 2, lo que lo hace una herramienta asequible para editar y crear videos de manera sencilla.
educa a tus hijos con un poco de hambre y un poco de fríovamidica2002
El documento argumenta que los padres deben educar a sus hijos con un poco de hambre y frío para prepararlos para la realidad, en lugar de darles todo y aislarlos del mundo real. Cita el ejemplo triste de Pelé, cuyo hijo se involucró con narcotraficantes a pesar de haber tenido una vida acomodada, porque Pelé estaba demasiado ocupado y no se dio cuenta de lo que pasaba. Recomienda que los padres pasen más tiempo con sus hijos y les enseñen valores en lugar de compensar su ause
Early african civilization chapter 16 study guidemasenhimerd
Early African civilizations developed advanced societies based on trade of natural resources. Trans-Saharan and Indian Ocean trade routes connected West Africa with northern Africa and Asia, exchanging gold, salt, and other goods. Powerful empires like Ghana rose along these trade networks and organized societies with castes, slaves, and oral traditions that communicated their histories and cultures.
educa a tus hijos con un poco de hambre y un poco de frío - (4)djmayelmejor
El documento argumenta que los padres deben educar a sus hijos con un poco de hambre y frío para prepararlos para la realidad, en lugar de darles todo y aislarlos del sufrimiento. Usa el ejemplo de Pelé, cuyo hijo se involucró con narcotraficantes a pesar de tener una vida acomodada, para ilustrar cómo los padres que están demasiado ocupados pueden fallar en educar a sus hijos correctamente. Recomienda que los padres enfrenten las dificultades de la vida con sus hijos en lugar de tr
The document outlines several types of thrillers including action thrillers which feature violence, explosions and obvious villains, crime thrillers which involve committing crimes like robbery and kidnapping, erotic thrillers which combine erotica and thriller genres and became popular in the 1980s, horror thrillers which include fear, suspense and villains with power, techno-thrillers which involve the military and detailed technology, and psychological thrillers which emphasize the mental and emotional states of characters.
1. Studley 25
Miami Index
Downtown Miami &
Brickell
Downtown Miami Market Highlights
Largest Although office vacancy in the Downtown and Brickell Financial
Building Year Building Contiguous Vacancy Center remained relatively flat during the March/April reporting
Building Address Class Built Size SF Available(1)
Rate(2)
period, with overall vacancy decreasing two basis points to 22.9%
333 Avenue of the A 2010 752,488 SF 389,928 SF 56.9% in all Index buildings, a sense of increased momentum and activity
Americas is driving today’s real estate markets.
100 SE 2nd St A 1987 600,959 SF 22,386 SF 11.6%
GlobeSt.com cited a 1Q2012 condo study which indicated that 84%
150 W. Flagler St A 1983 243,166 SF 14,087 SF 12.2% of the residential units built during the Brickell Avenue development
200 S. Biscayne Blvd A 1984 1,225,000 SF 131,274 SF 16.5% boom have been sold, prompting support for more development.
The article does not touch on the deeply discounted bulk sales and
201 S. Biscayne Blvd A 1982 786,267 SF 33,514 SF 16.8%
the even greater losses that occurred when buildings, including
1 SE 3rd Ave B 1973 420,080 SF 28,324 SF 18.3% the Icon Brickell, were returned to lenders. Nevertheless, this
2 S. Biscayne Blvd B 1974 691,783 SF 25,476 SF 12.7% type of excitement crosses over to the commercial market and the
prospect of more office development is imminent.
Brickell Current momentum is also fueled by the continued speculation of
Largest Genting Group’s mid-town and Biscayne Bay promenade, Resorts
Building Year Building Contiguous Vacancy World Miami, which is continuing with a new scaled back design
Building Address Class Built Size SF Available(1) Rate(2)
by Miami’s Arquitectonica despite the State’s denial of gambling
600 Brickell Ave A 2011 614,905 SF 486,962 SF 85.4% approvals earlier this year.
701 Brickell Ave A 1986 677,667 SF 30,995 SF 7.7% Also leading the way is Swire Properties funding announcement
801 Brickell Ave A 1985 415,150 SF 10,488 SF 14.0% this year for its major Brickell CitiCentre project. Swire received
initial operations and developing funding of a $140 million credit
1111 Brickell Ave A 2000 522,892 SF 23,918 SF 15.6%
facility through HSBC Bank USA. Brickell CitiCentre will include
1221 Brickell Ave A 1986 407,246 SF 68,102 SF 39.3% three office towers with two 110,000 square feet towers to be
1395 Brickell Ave A 2004 260,000 SF 6,000 SF 3.2% completed in 2015, and a final office tower of 750,000 square feet
planned for phase two of the project.
1441 Brickell Ave A 2003 254,648 SF 0 SF 0.0%
1450 Brickell Ave A 2010 582,817 SF 41,125 SF 8.8% The current market excitement may soon turn into cash-in-hand
for 201 S Biscayne Boulevard owner Sumitomo Corporation of
1001 Brickell Bay Dr A 1985 280,500 SF 10,780 SF 10.1% America. Miami Today recently published an article speculating
501 Brickell Key Dr A 1986 120,531 SF 9,029 SF 11.5% on the sale of that building to Boca Raton based Crocker Partners
601 Brickell Key Dr A 1989 207,489 SF 13,431 SF 23.3% which previously purchased the 420,080 square foot SunTrust
International Center at 1 SE 3rd Avenue for $82,500,000 with
444 Brickell Ave B 1973 200,000 SF 20,666 SF 41.0% substantial long-term financing through CitiGroup Global Markets
777 Brickell Ave B 1980 288,457 SF 11,783 SF 12.5% Realty Corp. Citibank maintains its regional operations at 201
800 Brickell Ave B 1981 208,325 SF 5,987 SF 23.1% S Biscayne where it leases just over 150,000 square feet. The
building was last sold in 2008 at $260 million, or about $330 per
1101 Brickell Ave (N/S) B 85/64 251,829 SF 10,708 SF 42.4% square foot, although there is some speculation that a current sale
1200 Brickell Ave B 1986 231,501 SF 14,727 SF 16.1% may well exceed $400 per square foot.
1401 Brickell Ave B 1974 188,138 SF 6,180 SF 24.3% 30.0%
80 SW 8th St B 1986 285,959 SF 16,201 SF 14.9% 28.0%
26.0%
Total
Percent Leased Rate
Existing RBA: 10,717,797 SF 24.0%
Vacant: 2,451,339 SF 22.9% 22.0%
Occupied: 8,266,458 SF 77.1%
20.0%
Average Asking Rent: $39.09 SF
(1)
Includes future availabilities currently being marketed. (2)
Vacancy Rate includes only space currently indicated as vacant. 18.0%
For additional information please contact: 16.0%
Chris Lovell at 305.423.1925 or clovell@studley.com
The Studley 25 Miami Index is a bi-monthly comparison of the top twenty-five
Class A and Class B buildings that constitute the competitive market
in the Downtown Miami & Brickell Financial District. Vacancy
March/April 2012