RealEstateRama Authors Posts by CBRE
Jacksonville, FL - March 18, 2013 - (RealEstateRama) -- CBRE announced today that it has closed the $130 million sale of an eight-building, 1,018,218 square foot portfolio in Jacksonville, Florida.
Orlando, FL - March 12, 2013 - (RealEstateRama) -- CBRE announced today that it has arranged $28 million in financing for 408-unit multi-family community in Orlando, Florida. CBRE worked on behalf of Advenir@Broadwater, LLC to secure acquisition financing through Freddie Mac. The 10-year loan is partial interest only and represents an 80% loan-to-value ratio. Proceeds were used to acquire the property.
Orlando, FL - March 6, 2013 - (RealEstateRama) -- CBRE is pleased to announce that Rick Wilson has been retained as Project Manager, Florida and will lead the advancement of the company's portfolio of projects focusing on institutional services, occupier services and third-party owners represented related assignments
Orlando - February 28, 2013 - (RealEstateRama) -- February 28, 2013 – CBRE is pleased to announce the sale of Palisades Condominiums located at 14200 Avalon Road in Winter Garden, Florida. The 60-unit community sold for $4.8 million. Shelton Granade, Luke Wickham, and Justin Basquill of CBRE’s Orlando office exclusively represented the seller in the transaction. The buyer was a private equity firm from Beijing, China
Orlando, FL - February 11, 2013 - (RealEstateRama) -- CBRE has been selected by IndCor Properties, Inc. (IndCor), to provide leasing services for the recently purchased Crossroads Distribution Center, an industrial portfolio in South Orlando. This recent acquisition adds to the existing Orlando portfolio making IndCor part of the top three largest industrial owners in Central Florida and one of the fastest growing industrial owners in the country.
Palm Beach, FL - February 8, 2013 - (RealEstateRama) -- As more private equity firms and hedge funds housed in Wall Street explore South Florida for its abundance of high-net worth individuals, the owners of 218 Royal Palm Way are gearing up to offer a unique office location on the prestigious ‘Bankers Row’
Ft Lauderdale, FL - February 6, 2013 - (RealEstateRama) -- The CBRE Multi-Housing Private Capital Group is pleased to announce the sale of 31 apartment units located at 7609-7617 Carlyle Avenue (16-units); 7635 Dickens Avenue (8-units); and 531 76 Street (7-units) in Miami Beach, Florida. The 31-units sold for $3,308,000 or $106,710 per unit or $161 per square foot. CBRE represented the seller, Carlyle Dickens LLC, a local private capital group. The buyer was a private capital group, GWPV One, LLC.
Miami, FL - January 15, 2012 - (RealEstateRama) -- Butters Construction & Development is starting the new year with another announcement for the largest new industrial development in Miami-Dade County. Butters has partnered with L&B Realty Advisors to develop a 918,000-square-foot, Class A bulk distribution industrial park on a 44.5-acre site at NW 87th Avenue and NW 80th Street in Medley, Florida. Butters retained CBRE to procure a well-capitalized and institutional equity partner to acquire the site and develop the park. CBRE identified L&B Realty Advisors, and their client, the State of Florida, as the equity partner for the deal.<
Bal Harbour (Miami Beach), FL - January 14, 2012 - (RealEstateRama) -- The SunTrust bank building located at 9600 Collins Avenue in Miami Beach’s Bal Harbour village was acquired for $13.5 million by an affiliate of the owner of Bal Harbour Shops. The seller, a wholly owned subsidiary of Inland American Real Estate Trust, Inc., hired CBRE to market the asset for sale.
Orlando, FL - June 28, 2012 - (RealEstateRama) -- CBRE Capital Markets arranged the sale of Saxon Crossings Shopping Center, a 119,590-square-foot community shopping center located in Orange City for $20,730,000. CBRE Senior Vice President Cliff Taylor of the Jacksonville office and First Vice President Daniel Baker of the firm’s Orlando office marketed the asset for sale and negotiated the transaction on behalf of the seller, Saxon Crossing Partners. The buyer, Inland Real Estate, is a Chicago-based REIT focused on the acquisition of shopping centers
Margate, FL - June 28, 2012 - (RealEstateRama) -- CBRE announced today the sale of Lakewood Shopping Center, a 236,679-square-foot shopping center located on West Atlantic Boulevard in Margate, Florida. The property was acquired by an affiliate of Toronto/Florida-based North American Development Group (NADG) for $31.5 million from a wholly owned subsidiary of Inland American Real Estate Trust, Inc. CBRE’s National Retail Investment Group in Florida provided exclusive representation to the seller in the transaction.
Miami Lakes, FL - June 27, 2012 - (RealEstateRama) -- CBRE announced today the sale of Miami Lakes Research & Industrial Park, an eight-building R&D manufacturing campus located at 14400–14560 NW 60th Avenue. The 290,529-square-foot campus was purchased by the original developer of the asset, The Graham Companies, for $14.3 million, or $49 per square foot. CBRE represented the seller, MCP EWE LLC (a joint venture between The Easton Group & Marcus Partners), in the transaction.
Fort Lauderdale, FL – June 20, 2012 – CBRE has announced the addition of Gerard Yetming as Senior Vice President with the Investment Properties Multi-Housing Group in South Florida. Mr. Yetming is a former executive with The Federated Companies and previously worked at CBRE from 2002 to 2009. He brings an abundance of real estate experience as both a broker and a principal with a total career transaction volume of more than $6 billion.
Sunrise, FL – June 15, 2012 – Local private investment group, Waterstone Capital LLC, purchased Springtree Center, a 46,760-square-foot retail center in Sunrise, Florida, for $3,475,000 or $74.36 per square foot. CBRE Vice President William Strauss marketed the asset for sale and negotiated the transaction on behalf of the seller, Springtree LLC.
Miami, FL - June 14, 2012 - (RealEstateRama) -- In Miami’s booming recovery of industrial markets, Hialeah has been slow to join the movement. A new lease at 5959 NW 35th Avenue for 50,000 square feet absorbs a long-standing vacancy in the market. The transaction also supports the swift growth of freight forwarding and logistics users in Dade County
Miami, FL - June 14, 2012 - (RealEstateRama) -- CBRE Cares hosted “Bowling for Teachers,” an evening bowling event, that raised more than $30,000 to support first and second year teachers participating in the charitable Teach For America program. CBRE Cares, the philanthropic arm of CBRE, matched the donations of over 100 CBRE professionals, corporate sponsors and special invited guest in order to raise the funds. Teach For America recruits, trains and develops a diverse group of leaders to teach and expand educational opportunities in underserved classrooms throughout Miami-Dade County and across the United States. Funds raised at “Bowling for Teachers” will specifically support Teach For America group members in the Homestead, FL area.
West Palm Beach, FL - June 11, 2012 - (RealEstateRama) -- CBRE announced the addition of two new tenants to Esperanté Corporate Center in West Palm Beach. Merlin Law Group, a Tampa-based law group focused on property insurance law, will expand from an executive suite space at a neighboring property to take 3,500 square feet, nearly tripling their footprint in the market. GenNx360 Management Company is new to the market, taking 1,334 square feet at Esperanté Corporate Center. The firm is the management arm of New York-based private equity firm GenNx360 Capital Partners.
West Palm Beach, FL - June 11, 2012 - (RealEstateRama) -- CBRE arranged the sale of 1700 Palm Beach Lakes, a 113,953-square-foot office building for $18,462,500. CBRE market the asset for sale on behalf of DRA Advisors, and also secured $13,725,000 acquisition financing on behalf of the purchaser, Breaker’s Capital Partners LLC. The new owner has retained CBRE as exclusive leasing advisor as well.
Delray Beach, FL - June 8, 2012 - (RealEstateRama) -- CBRE Capital Markets in South Florida secured permanent financing on the Bank United Building in Delray Beach, Florida for $6,050,000 on behalf of the borrower, Yomtob Office Holdings, LLC.
West Palm Beach, FL - June 8, 2012 - (RealEstateRama) -- CBRE has been awarded the leasing and property management assignment for 1700 Palm Beach Lakes Boulevard in West Palm Beach by Breakers Capital.