CBRE
CBRE CAPITAL MARKETS ARRANGES $12.75 MILLION SALE OF ORLANDO APARTMENT COMMUNITY
CBRE Capital Markets arranged the sale of Marbella Lakes, a 200-unit apartment community in Orlando, Florida. The gated community, located at 1980 Lake Fountain Drive, was acquired from IMT Residential by Blue Rock Partners for $12.75 million. CBRE’s Shelton Granade, Luke Wickham and Justin Basquill exclusively represented the seller in the transaction.
CBRE CLOSES $4.6M SALE OF EXECUTIVE AIRPORT BUSINESS CENTER
June 15, 2015 – CBRE arranged the sale of the 73,216-square-foot Executive Airport Business Center in Fort Lauderdale, Florida. The 6.09-acre site with two single-story office/service buildings at 5101 NW 21st Avenue was acquired for $4.6 million by TPCH Broward, LLC, a joint venture between Triton Capital, LLC and CP Highlands Fund LP, both Chicago-based investment firms. CBRE represented the seller
CBRE TAPPED TO LEASE DCT COMMERCE CENTER II DEVELOPMENT
CBRE has been selected by DCT Industrial (NYSE:DCT) as exclusive leasing agent for the newest Class A warehouse development in Miami’s Airport West submarket. DCT Commerce Center II will be developed as three free-standing buildings totaling ±430,000 square feet. The project shall be located between NW 129th and 130th Avenue and NW 12th and 17th Streets, directly across the street from DCT Commerce Center I, a two-building, 334,000-square foot project built in 2012.
CBRE ARRANGES LEASE OF PRIME INDUSTRIAL SPACE AT FORT LAUDERDALE COMMERCE CENTER
CBRE has arranged a 10-year lease for a printing company at the Fort Lauderdale Commerce Center. MOR Printing signed a lease for 24,490 square feet at 3585 NW 54 Street in Fort Lauderdale, Florida. CBRE represented the landlord, Industrial Income Trust, in the transaction.
CBRE ARRANGES SALE OF TOWN CENTER I PROPERTY
CBRE arranged the sale of Town Center I in Opa-locka, Florida. The 80,000-square-foot mixed use asset was acquired from JWV Florida Properties LLC by the City of Opa-Locka for $7.9 million. CBRE represented the seller in the sale
CBRE RETAINED AS STRATEGIC ADVISORS FOR TAMPA’S AUSTIN CENTER
A mixed-use team of capital markets professionals from CBRE’s Tampa and Atlanta offices has been retained as the exclusive advisors for Redstone Investments, the new owners of Tampa, Florida’s Austin Center. The CBRE team includes Jay O’Meara, Dale Peterson, Dave Conn and Sean Williams – a combination of capital markets experts focused on office, retail and multifamily
CBRE URBAN PHOTOGRAPHER OF THE YEAR COMPETITION OPENS FOR ENTRIES
CBRE launched its global Urban Photographer of the Year competition with the theme, “Cities at Work.” Now in its ninth year, the competition continues to attract photographers from around the world. This year the contest challenges photographers to capture what urban means to them in an ever-changing global landscape. The competition is free to enter and open to both professional and amateur photographers.
CBRE SELLS 26,340-SF, MULTI-TENANT SHOPPING CENTER
CBRE arranged the sale of Lantana West Plaza, a 26,340-square-foot, multi-tenant retail center located at 5891 S. Military Trail in Lake Worth, Florida. Woodmont Properties II, LLC purchased the property for $4,080,000. The seller was IR-Lantana West Plaza, LLC, which hired CBRE to market the asset for sale and negotiate the transaction
E-RETAILERS GIVE CENTRAL FLORIDA INDUSTRIAL MARKET BIG BOOST, ACCORDING TO CBRE REPORT
Central Florida real estate occupied by e-commerce retailers, parcel delivery firms, and transportation/logistics companies hit an all-time high in 2014, according to a new report by CBRE Group, Inc., and demand from those users is projected to surge over the next three years
CBRE ARRANGES $3.5 MILLION REFINANCING FOR NEW DELRAY BEACH WALGREENS
CBRE Capital Markets’ Debt & Structured Finance team originated a $3.5 million loan to re-finance a ground lease of a future Walgreens location on Atlantic Avenue in Delray Beach, Florida.
CBRE CLOSES $29 MILLION SALE OF ORLANDO APARTMENT COMMUNITY
CBRE Capital Markets arranged the sale of Laguna Oaks, a 360-unit gated community in Orlando, Florida. Located at 3211 S. Semoran Blvd., the lakeside property was acquired from Ram Realty Services by Avesta Communities for $29.15 million. CBRE’s Shelton Granade, Luke Wickham and Justin Basquill exclusively represented the seller in the transaction.
PRIME CIGAR & WHISKEY BAR SIGNS LEASE IN BRICKELL
CBRE has arranged a lease for Prime Cigar & Whiskey Bar at 1100 Millecento, the recently completed, 42-story residential tower at 1100 South Miami Avenue in Miami. The Boca Raton-based Prime, which describes itself as a “gathering place, a destination and a sanctuary…for premium cigars, fine spirits, and friends” will occupy approximately 4,800 square feet in the mezzanine level of the building; there are approximately 17,500 square feet of retail space in total on the ground and mezzanine levels
DOWNTOWN MIAMI RETAIL BUILDING TRADES FOR $27.2 MILLION
CBRE arranged the $27.2 million sale of Vizcayne Retail - 55,000-square-foot of ground floor retail plus 126 dedicated parking spaces located at the base of two 49-story condominium towers at the intersection of Biscayne Boulevard and N.E. 2nd Street in Downtown Miami. The property was acquired by an affiliate of Stoltz Real Estate Partners, based in Bala Cynwyd, PA. CBRE’s National Retail Investment Group
EAST COAST PORTS GAINING GROUND, ACCORDING TO CBRE’S “NORTH AMERICA PORTS LOGISTICS ANNUAL REPORT”
East Coast ports are growing at a faster rate than their West Coast counterparts, according to the inaugural edition of CBRE Group, Inc.’s “North America Ports Logistics Annual Report.” But even as the East Coast ports are gaining ground, the ports of Los Angeles and Long Beach still topped the report’s first-ever “Ports and Logistics Index,” thanks to infrastructure that is well-suited to handle the largest cargo container ships, their proximity to Asian export markets, a strong local economy and a deep industrial real estate market.
CBRE CAPITAL MARKETS ARRANGES $54 MILLION SALE OF MULTIFAMILY COMMUNITY IN CENTRAL FLORIDA
CBRE Capital Markets arranged the sale of The Park at Laurel Oaks, a 552-unit apartment community in Winter Springs, Florida, about 15 minutes outside of Orlando. The gated community, located at 1 Laurel Oaks Drive, was acquired from Laurel Oaks, LLV by an affiliate of New York-based White Eagle Property Group for $54 million. CBRE’s Shelton Granade, Luke Wickham and Justin Basquill exclusively represented the seller in the transaction
CBRE PARTNERS WITH REBUILDING TOGETHER TAMPA BAY TO HELP FAMILY IN NEED
On April 25, 2015, dozens of CBRE volunteers partnered with Rebuilding Together Tampa Bay (RTTB) to assist a local family in need as part of National Rebuild Day. The selected homeowners Michael and Dorene Franklin have been living in their Sulphur Springs residence for the last eight years. Volunteers contributed to make the home safer with the installation of legibly-numbered mailboxes, new levered door locks/deadbolts, peep holes and more. Volunteers also completed exterior painting and yard cleanup. The Franklin family is thankful to RTTB and CBRE for providing home improvements as they find it difficult to afford the home repairs and upkeep
CBRE ARRANGES SALE OF LUXURY MULTIFAMILY COMMUNITY IN EAST ORLANDO
CBRE Capital Markets arranged the sale of Century Waterford Lakes, located at 12101 Fountainbrook Blvd., Orlando, FL. The 400-unit apartment community was completed in 2000 and has a current occupancy of 92%. CBRE exclusively represented the seller in the transaction, Centennial Holding Company. The property was acquired by an undisclosed buyer.
CBRE REPS BUYER OF SINGLE TENANT WESTSHORE PROPERTY IN TAMPA, FL
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.
CBRE BROKERS $23,750,000 MILLION BOCA RATON TRANSACTION
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 INVESTORS IN NORTH AMERICA TO INCREASE REAL ESTATE ACQUISITIONS IN 2015
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.