Florida State Government and Public Real Estate News

CBRE arranged the purchase of a 30,039-square-foot single tenant property leased to Concorde Career Institute at 4202 and 4210 Spruce Street in Tampa, Florida. RL Concorde LLC acquired the two-building property for $6 million.
Congratulations to CLSMF Pro Bono Attorney Jimmy Allen Davis, the recipient of the United Way of Volusia-Flagler Counties and Brighthouse Networks Adult Volunteer of the Year award. Jimmy was presented with his award at the annual volunteers’ luncheon at the Shores Resort in Daytona Beach Shores on April 23.
The Median Sale Price of single-family homes has continued to climb compared to March of this last year. It has increased 18.9% year over year for the month of March to $219,938
Representative Gwen Graham spoke at the North Florida Homeless Veterans Stand Down event today, and announced the Department of Veterans Affairs is expanding eligibility for the Veterans Choice Program, effective immediately.
The Miami real estate market, one of the most popular in the nation with international and domestic buyers, continued to gain momentum in March, as single-family home transactions registered double-digit growth year-over-year and existing condominium sales rose despite an increase in new condo construction
CBRE arranged the sale of Glades Twin Plaza, a 98,312-square-foot boutique office property located in Palm Beach County’s prestigious Boca Raton submarket. L&B Realty Advisors of Dallas, Texas, acquired the asset at 2300 Glades Road in Boca Raton for $23,750,000, or $242 per square foot, from a fund managed by BlackRock. CBRE represented the seller
Half of all real estate investors in North America intend to increase their property acquisitions in 2015, with San Francisco the number one target for the second year in a row, according to the CBRE North America 2015 Investor Intentions Survey. For the first time ever, Miami ranked among the top ten U.S. cities that North American investors are targeting for investment.
CBRE today announced that one of the buildings managed by the company was honored with The Outstanding Building of the Year® (TOBY®) Award at the 2015 Building Owners and Managers Association (BOMA) Southern Region Conference annual awards ceremony held in Charlotte, North Carolina. The TOBY Awards are the most prestigious and comprehensive programs in the commercial real estate industry, recognizing outstanding performance and rewarding excellence in building management. CBRE’s asset services team won the award for the second consecutive year
Tech talent clustering is a growing driver of demand for office space in both large and small markets across the U.S., according to a new CBRE Research report, “Scoring Tech Talent” which ranks 50 U.S. markets according to their ability to attract and grow tech talent. Tampa ranks No. 36 on the overall tech talent list, making it the top-ranked Florida city, followed by Orlando (No. 47), Fort Lauderdale (No. 48) and Miami (No. 50).
Tech talent clustering is a growing driver of demand for office space in both large and small markets across the U.S., according to a new CBRE Research report, “Scoring Tech Talent” which ranks 50 U.S. markets according to their ability to attract and grow tech talent. Tampa ranks No. 36 on the overall tech talent list, and among the top fifteen small markets – those with a tech labor pool of less than 50,000
The Miami real estate market remains a top destination for foreign buyers despite economic slowdowns in Latin America and Western Europe, according to the 2014 Miami International Buyer Survey conducted by the National Association of Realtors (NAR) for the 35,000-member MIAMI Association of REALTORS® (MIAMI), the nation’s largest local Realtor association. The survey ranks buyers by countries and highlights key characteristics of foreign buyers. A preview of the survey was featured recently at the R.E.A.L Awards and Real Estate Summit hosted by the Greater Miami Chamber of Commerce
The Florida Department of Financial Services’ Division of Insurance Fraud on Thursday arrested three subjects on charges related to personal injury protection (PIP) fraud. Shortly after being taken into custody, one subject suffered a medical emergency unrelated to the arrest.
“On any given night, nearly 50,000 veterans sleep in homeless shelters or on the streets. Furthermore, approximately 260,000 veterans use homeless shelters or other services during the course of a year. These courageous men and women have stood up in defense of our freedom, and we owe them more than our gratitude – we owe them our firm commitment to ensure that they receive the care and benefits they earned through their service.
“Transportation programs are too critical to our economy to be delayed any longer. Indisputably, getting a Surface Transportation Reauthorization bill done on time and with a substantive funding source will boost our economy, and contribute to fixing our aging bridges, roads, highways, and the operation of our transit systems.
April is Fair Housing Month, and to commemorate the 1968 passage of the federal Fair Housing Act—which prohibits discrimination in housing—civil rights, nonprofit and government agencies, will come together to sponsor the Florida Fair Housing Summit in Orlando on Friday, April 24, 2015. The event is open to the public and will be held at the Orlando World Center Marriott, 8701 World Center Drive, Orlando 32821
CBRE Hotels has been engaged to market the DoubleTree by Hilton, a 742-guestroom hotel located in Orlando, Florida – the number one tourist destination in the United States. The well-established property, at 5780 Major Boulevard, is located directly at the entrance of the Universal Orlando Resort. The Hotel is being offered unencumbered by management and, with the current franchise agreement expiring in May 2016, the Hotel is effectively unencumbered by brand
Participants are required to attend all three classes, which will address frequently asked questions and problems in the home landscape. The series is being offered to give participants both classroom and hands-on training on how to calibrate a fertilizer spreader, install a micro-irrigation system, and select plant materials. Participants will receive micro-irrigation supplies and a Plant Selection and Landscape Design Guide.
CBRE has been engaged by Kimco as the exclusive leasing agent for two neighborhood retail centers in Broward County, Florida. CBRE retail professionals Lisa Ferrazza and Nicole Fontaine will represent Cypress Creek Station at 6201-6531 N. Andrews Ave. in Fort Lauderdale and Maplewood Plaza at 1146-1200 N. University Drive in Coral Springs
The Lake County Solid Waste Division, in partnership with the Leesburg Police Department, is encouraging Lake County residents to dispose of unwanted household hazardous materials and medications in a safe and environmentally conscious way at an upcoming collection event
CBRE Capital Markets arranged the sale of the Central Florida Portfolio, four apartment properties totaling 1,075 units. The portfolio includes Heritage on Millenia, Summit at Metrowest, Legends at ChampionsGate, in Orlando; and Vinings at Hunter's Green, in Tampa. The portfolio was acquired by affiliates of Dallas and New York-based The Milestone Group, LLC and Milestone Apartments Real Estate Investment Trust and represents the largest apartment transaction in Central Florida in 2015 thus far
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. ALLRMC.COM more »

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