RealEstateRama Authors Posts by CBRE
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.
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
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.
CBRE Hotels has been engaged to exclusively represent the owner of the iconic Conrad Miami. The hotel is ideally situated on the most prestigious street in the heart of Mimi’s business and financial district. The 203-room luxury hotel at 1395 Brickell Avenue is situated within the landmark Espirito Santo Plaza, widely recognized as Miami’s most architecturally stunning structure, with its concave figural arch beautifully representing the gateway to Latin America
CBRE arranged the sale of a freestanding, 29,770-square-foot industrial property prominently located at the corner of Ravenswood and Stirling Roads in Dania Beach, Florida. The Ravenswood Industrial asset, which sits on a 2.1-acre property at 5950 Ravenswood Road, was acquired from Trust Number BM-1 by Flooring King for $2.5 million. The Flooring King is currently located at 59 S.W. 12th Ave Suite 106, in Dania Beach, FL 33004 in 5,000 square feet and is expanding into the full 29,770 square feet available at Ravenswood Industrial
CBRE Capital Markets arranged the sale of Village Green, a 164-unit, 140,000-square-foot apartment community in the Altamonte Springs area of Orlando. Located at 112 Essex Avenue, the asset was acquired from Harbor Group International, LLC by Insula Companies for $12.6 million. CBRE’s Shelton Granade, Luke Wickham, and Justin Basquill provided exclusive representation to the seller in the transaction.
CBRE arranged the sale of Delray Commons, a 68,292-square-foot, multi-tenant retail center located at 5020-5080 Atlantic Avenue in Delray Beach, Florida. Mall 5020 LLC purchased the property for $10,750,000. The seller was Delray Commons, LLC, affiliated with Boca Raton-based Pebb Enterprises, which hired CBRE to market the asset for sale and negotiate the transaction.
With over a third of its office space considered “green,” Tampa Bay ranked 17th out of 30 markets on the 2015 Green Building Adoption Index, a joint project of CBRE Group, Inc. and Maastricht University. The Tampa Bay market made the largest leap in the survey this year, moving into 17th position, up from 22nd.
For the purposes of this report, “green” office space is defined as holding either an EPA ENERGY STAR label, U.S. Green Building Council (USGBC) full-building LEED certification or both. Using square feet as a measure, 41.6% of Miami’s office market is “green” – well above the national average of 38.7%. Moreover, Miami ranked particularly well in terms of number of buildings considered green – over 17%. By square feet, 21.84% of Miami’s office market has a LEED certification, and over a third of the office market is ENERGY STAR rated.
CBRE has been retained as exclusive broker for the sale of St. Tropez, a value-add apartment property located in the highly desirable Midtown Business District of Plantation, Florida. The gated community at 8000 Cleary Boulevard includes 376 townhome-style units situated in 29 two-and three-story buildings spanning approximately 38 acres
CBRE has been retained as the exclusive advisors for a 1,400-acre development site named “Lakeside Station,” located on the southeast corner of Park Road and US-92 in Plant City, Florida, approximately 15 minutes outside of Tampa. The business park is currently home to significant users. The landowners are looking to re-introduce the rest of the property to current users in the market.
CBRE has been selected as the exclusive listing agent for a 49.7-acre hotel/timeshare site located on the south side of I-4, directly across from the new $200+ million Disney Springs redevelopment of Downtown Disney in Orlando, Florida – the number one tourist destination in the world.
CBRE arranged the sale of the 103,316-square-foot, 4.6-acre Gateway Industrial Center in Fort Lauderdale, Florida. The asset at 2030 West McNab Road was acquired from 2030 Asset Ventures LLC by Donovan Marine, Inc., for $5.3 million.
CBRE Group, Inc. (NYSE:CBG) today unveiled Blueprint, an online magazine dedicated to telling timely and insightful stories about the transformational role real estate plays in the world
CBRE Capital Markets arranged the sale of Barrington Place Apartments, a 233-unit apartment community in the Oviedo area of Orlando for an undisclosed amount. Located at 2785 Chaddsford Circle, the complex was completed in 1998 and has a current occupancy of 95%.
CBRE Capital Markets arranged the sale of Lakeshore Apartment Homes, a 224-unit rental community in the Altamonte Springs area of Orlando. Located at 210 Altamonte Bay Circle, the lakeside property was acquired from a private equity group based in Denver by a Canadian investment firm for $23.65 million. CBRE’s Shelton Granade, Luke Wickham and Justin Basquill exclusively represented the seller in the transaction