Florida State Government and Public Real Estate News

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CBRE arranged the sale of Bird 107 Plaza, a 40,101-square-foot, multi-tenant retail center located at 10591-10695 SW 40th Street (Bird Road) in unincorporated Miami-Dade County, Florida. Equity One Acquisition Corp. purchased the property from Bird 107 Partners, Ltd., LLLP which hired CBRE to market the asset for sale and negotiate the transaction. The purchase price was not disclosed
CBRE is pleased to welcome Scott Correale as Florida Sales Director. In this newly created position, Mr. Correale will oversee CBRE’s sales management strategy for its Occupier/Tenant Representation line of business, helping sales professionals in their strategic business development and client engagement efforts.
New development and incredible real estate has made Sunny Isles real estate the most sought after luxury real estate in Florida! The Michelle T. Sterling Luxury Real Estate team is a Miami pre-construction buyer’s agent that can help you find a pre-construction condominium to fit your needs as well as the price point, location and lifestyle that is right for you. They know the developments in each neighborhood and can match the neighborhood with your needs.
The Miami real estate market continued its historic summer by registering its second-highest single-family home sales month in history in July, according to a new report by the 38,000-member MIAMI Association of REALTORS® (MIAMI) and Multiple Listing Service (MLS) system. Miami-Dade County had 1,354 single-family home sales in July 2015, nearly eclipsing its record of 1,390 transactions established last month
Kristopher G. Wagner, P.A., Director, Commercial Sales with The Keyes Company-Commercial Real Estate Division, negotiated the sale of a retail center located at 26610 S. Dixie Highway in Homestead, Florida.
Northbound and southbound lanes of North 22nd Street will be closed between East Henry and East Hanna avenues beginning at 9 a.m. tomorrow while the Tampa Water Department repairs a water main break. Barricades and signs will be located in the area to assist with traffic flow. Please use caution when traveling in the area.
CBRE returns to the annual International Council of Shopping Centers (ICSC) Florida Conference this year with a new booth and a fresh perspective on Florida retail. CBRE’s innovative “Retail Science” market strategy features industry-leading research and a global team of retail experts analyzing both current and future trends. The 2015 ICSC Florida Conference & Deal Making takes place on August 30th-September 1st at the Orlando Convention Center in Orlando, FL. Conference attendees can discover new market opportunities and connect with CBRE retail professionals from around the state by visiting CBRE’s booth – #2343, located in the South Concourse, Level 1
Two southbound travel lanes on Tampa Street between Laurel and Fortune streets are closed while the Tampa Water Department repairs a service line break. One southbound lane remains open for traffic. Barricades and signs will be located in the area to assist with traffic flow. Please use caution when traveling in the area.
CBRE is pleased to announce that Shelton Granade has been promoted to Vice Chairman, which is the highest title for producers within CBRE. Granade, who joined CBRE in 2003, is a member of CBRE’s Capital Markets, Investment Properties team based in Orlando. He has finished as one of the firm’s Top Five Multifamily Producers in the country in each of the last five years.
CBRE is pleased to announce that Phil Weber has been promoted to First Vice President. Weber is a member of CBRE’s Office Services team based in Tampa. He focuses on representing landlords and tenants in office leasing negotiations throughout the Greater Tampa Bay area.
CBRE arranged a long-term lease for a century-old business that is leaving the urban core to make way for the Miami WorldCenter development. The Cromer Company, a wholesaler specializing in resort apparel like t-shirts, beach towels, flip flops, and cover ups, signed a long-term lease for 26,000 square feet at 9800 NW 78th Avenue in Hialeah Gardens, FL. CBRE’s Mike Silver arranged the lease on behalf of the tenant.
CBRE Capital Markets’ Debt & Structured Finance originated $5.5 million in refinancing for Gardens Industrial, a 111,100-square-foot asset located on 5.2 acres at 18227-18255 & 18331-18389 NE 4th Court in North Miami Beach, Florida.
CapasGroup Realty Advisors, an investment sales organization specializing in the marketing and disposition of investment properties, is pleased to announce the hiring of Elias “Eli” Polsky as Financial and Marketing Associate. The expansion of the team is a direct result of increased business volume, and comes on the heels of several transactions completed by the firm in the past six months, including several land sales in West Palm Beach’s Curry Park Corridor.
The Lake County Solid Waste Division is encouraging Lake County residents to dispose of toxic materials in a safe and environmentally sensitive way at an upcoming Household Hazardous Waste Collection event
Year-over-year market statistics for July 2015 reported accelerated demand for single family homes in Palm Beach County. Closed sales rose 19.5 percent from 1,515 to 1,810 transactions, and median sale price rose 3.3 percent from $280,000 to $289,250. Meanwhile, median days on market dropped a significant 30.9 percent from 55 to 38 days. As for inventory levels, they continued to decline, down 6.7 percent from 7,246 to 6,761 active listings and down 21.6 percent from 5.7 to 4.5 months’ supply.
“Martin County Single Family Home sales continued to outpace last year’s sales figures. The number of Closed Sales were up 13.7%, Supply went down 31.2%, and the Average Sale Price rose 11.7%. The sustained high demand for homes and the diminished supply continued to push prices up to where the Median Sale Price now comfortably sits at $306,500. Buyers must be aware that we are firmly in a Seller’s market with 4.5 months’ supply of inventory. Realtors®’ services, now more than ever, are in demand to find folks homes on the Treasure Coast.
Florida’s housing market reported more closed sales, higher median prices, more pending sales and tightening inventory in July, according to the latest housing data released by Florida Realtors®. Closed sales of existing single-family homes statewide totaled 26,916 last month, up 21.8 percent over July 2014
Kristopher G. Wagner, P.A., Director, Commercial Sales with Keyes Commercial Real Estate Company, negotiated the sale of Kona Kai Resort, Gallery & Botanical Gardens, located at 97802 Overseas Highway in Key Largo, Florida
Chief Financial Officer Jeff Atwater today announced that a $15.5 million settlement has been secured as a result of a contract investigation involving U.S. Foods, Inc. The investigation conducted by the Department of Financial Services’ Office of Fiscal Integrity concluded that U.S. Foods falsely inflated its prices for supply food services to the Florida Department of Corrections (DOC) between 2008 and 2014. Through this deceitful billing practice, U.S. Foods wrongly collected millions in state dollars.
Jacque Huttoe and James “Chip” Black of The Huttoe Group at Berkshire Hathaway Florida Realty Commercial, announce the sale of 283 Catalonia Avenue in Coral Gables, Florida. The 1955-built, signature 2-story building, which totals 22,209 square feet, is situated on a 12,000-square-foot lot and adjacent to three 4,000-square-foot lots, which serve as on-site surface parking for the property.
Attorney General Pam Bondi Announces New Procedures Banks Must Follow to Help Distressed Homeowners Seeking Relief Under National Mortgage Settlement

~The Banks Are Implementing New Procedures to Reduce Loan Modification Delays, Improve Communication with Borrowers, and Avoid Multiple Requests for Documents~

TALLAHASSEE, FL – October 2, 2013 – (RealEstateRama) — Attorney General Pam Bondi, along with her colleagues on the National Mortgage Settlement Monitoring Committee, today announced that Bank of America and Wells Fargo have agreed to implement new procedures designed to address possible violations of the national mortgage servicing settlement. These improvements come in response to concerns expressed by Attorney General Pam Bondi earlier this year, which were based upon complaints from distressed borrowers, housing counselors, legal aid groups, and foreclosure defense lawyers that the banks were falling short of meeting the servicing standard requirements set forth in the National Mortgage Servicing Settlement. Traffic School for Florida more »

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