The Coral Gables submarket continues to strengthen with office vacancy reaching historical lows and all time high sales prices being set. Most notably the Ponce de Leon Blvd corridor has experienced tremendous growth in multifamily, retail and office.Properties benefit from the acquisition and planned redevelopment of Douglas entrance. Among the relevant factors that contribute to the strength of the Coral Gables office market are: The institutional quality, amenities, easy access/egress, and proximity to the Miami International Airport. Companies are looking to consolidate their headquarters in the gables area. For instance HBO Latin America just consolidated its headquarters by leasing 70,000 square feet at 396 Alhambra Circle. Definitively Miami is the hub for Latin America, and the ... 10/09/2015

Sunday, February 17, 2008 11:30 am (ish) Chili’s Outlines Plans for New Venue in Gables Remove restless torso from Stearns & Foster. Wash face. Wipe cold out of eyes. Back to Stearns & Foster. Chili’s Outlines Plans for New Venue in Gables Miami Herald headline remains unchanged. The development of the U.S. Interstate Highway System (Dwight D. Eisenhower’s baby) in the 1950’s facilitated many things. It allowed businesses to ship goods and services across the country, families to utilize the vehicle to vacation in far-away destinations, and facilitated the birth of the franchise chain. Motels, diners, gas stations, and fast food chain restaurants soon sprouted next to every highway, in every town, every city, and (later) every suburb throughout America. While Coral Gables has never bee... 06/26/2008

It’s spring again. The last of the snowbirds head back home, April showers dampen our hot and humid afternoons, flowers bloom, the grass gets greener, and if history serves as a precursor, the South Florida real estate market heats up. The spring and summer months are traditionally the busiest months of the year for residential real estate. Buyers come out of winter hibernation and eat away at the housing supply. We hope they bring a healthy appetite in 2008. Let’s take a look at what The Big Three – Ten Aragon, The Minorca, Andalusia (the three condominium projects that spearheaded Coral Gables’s urban renaissance in 2005) – are serving this season. TEN ARAGON Active listings = 31 • One (1) Bedroom Units: $269,900 - $369,999 • Two (2) Bedroom Units: $403,900 - $750,000 • Three (3) Bedr... 04/13/2008

A 2 bedroom/2 bath bank-owned unit with southern exposure on the 14th floor of Ten Aragon is listed for sale at $481,900 ($408.73/SF). The MLS property history shows that it was originally listed at $496,000 on January 3, 2008, reduced to $488,900 23 days later on January 25, 2008 and reduced again to its current list price on February 22, 2008. It has been on the market for 71 days. Update: The unit was reduced, yet again, earlier this afternoon (3/14/08) to $460,900. The MLS listing states that the unit is sold with 2 parking spaces (most 2-bedroom units in Ten Aragon include just one parking space). It also reflects that the monthly condo association dues for the unit are $479.00. At $0.41/SF, I can assure you that that figure is off the mark. I did not verify with the listing agent... 03/18/2008