CBRE
CBRE TO LEASE REGIONS FINANCIAL TOWER
West Palm Beach, FL - June 8, 2012 - (RealEstateRama) -- Ecclestone Organization has appointed CBRE to lease Regions Financial Tower, a 180,000-square-foot Class A office tower in the West Palm Beach submarket. CBRE Vice President Anthony Librizzi and Associate Joshua Nolan have been appointed as exclusive leasing representation for the office tower. Ecclestone had previously been handling leasing in-house.
CBRE APPOINTED TO LEASE HIGHLAND OAKS PROPERTY
Tampa, FL - June 5, 2012 - (RealEstateRama) -- Equity Office Properties, an affiliate of The Blackstone Group, appointed CBRE to lease the Highland Oaks master-planned office park in the East Tampa submarket. Located at Martin Luther King Jr. Boulevard and Falkenburg Road, the entire portfolio comprises five Class A office buildings with more than 575,000 rentable square feet total.
POMPANO BEACH OFFICE BUILDING SOLD FOR $1.33 MILLION
Pompano Beach, FL - May 24, 2012 - (RealEstateRama) -- The sale of the Arbour Building at 440 East Sample Road in Pompano Beach demonstrates a changing trend in the asset category of actively trading properties. During the past 24 months, sales have been almost entirely comprised of core Class A product or distressed assets. The Arbour Building, a stabilized Class B office building, lies between these two opposite ends of the spectrum for investment sales.
CBRE BROKERS SALE OF INDUSTRIAL/FLEX BUILDING FOR $1.5 MILLION
Ft. Lauderdale, FL - May 21, 2012 - (RealEstateRama) -- CBRE arranged the sale of a 23,911-square-foot industrial flex building for $1,525,000, or $63.77 per square foot. The transaction was a short sale on behalf of the owner and occupant, Frenzel Enterprises, Inc. The building was purchased by Powerline Road, LLC for use by a marble and granite sales and distribution company.
CBRE CAPITAL MARKETS ARRANGES $64.8 MILLION IN FINANCING THROUGH FREDDIE MAC
Miami, FL - May 18, 2012 - (RealEstateRama) -- CBRE Capital Markets in South Florida secured financing for two acquisition loans through Freddie Mac for a total of $64,750,000 million. In Castle Rock, Colorado, CBRE secured $40,560,000 on behalf of the local-based investment group, Advenir, for the acquisition of the Lodge at Castle Pines, a 356-unit multifamily community. On behalf of another local investment group, Momentum Real Estate Partners, CBRE secured $24,200,000 for the acquisition of a 246-unit multifamily community, Legacy Point in Arlington, Texas
CHECKERS RENEWS TAMPA HEADQUARTERS LEASE FOR 11-YEAR TERM
Tampa, FL - May 17, 2012 - (RealEstateRama) -- Tampa, Fla.-based Checkers Drive-In Restaurants Inc. has renewed their lease agreement at Colonial Place II in the Westshore market for an 11-year term. CBRE arranged the transaction on behalf of the landlord, DRA/CLP CP Tampa LLC. The 26,000-square-foot office in Tampa is headquarters to the Checkers & Rally’s franchise
ATRIUM WEST SOLD FOR $4.8 MILLION
Sunrise, FL - May 16, 2012 - (RealEstateRama) -- CBRE arranged the sale of Atrium West, a suburban office building at 7771 West Oakland Park Boulevard, for $4.8 million, or $51.79 per square foot. The bank-owned asset was sold to Atrium 93, LLC, a local private equity group. CBRE represented the seller, ATC Realty One, a limited liability company.
CBRE WINS AT GREATER MIAMI CHAMBER OF COMMERCE R.E.A.L. AWARDS
Miami, FL - May 14, 2012 - (RealEstateRama) -- CBRE is proud to announce Charles Foschini, Vice Chairman with the Capital Markets Institutional Group, took the win in the category of Real Estate Finance at today’s R.E.A.L. (Real Estate Achievers & Leaders) Awards held by the Greater Miami Chamber of Commerce. CBRE Vice Chairman Christian Lee, Senior Vice President David Albert and Vice President Devin White were also recognized today, as finalists in the Commercial Real Estate – Industrial category
INTERNATIONAL CORPORATE PARK SOLD FOR $46.6 MILLION
Miami, FL - May 10, 2012 - (RealEstateRama) -- CBRE Capital Markets brokered the sale of International Corporate Park, a three-building, 340,143-square-foot industrial asset,...
CBRE GROUP, INC. NAMED TO THE FORTUNE 500 FOR 5th STRAIGHT YEAR
Miami, FL - May 10, 2012 - (RealEstateRama) -- CBRE Group Inc. (NYSE:CBG) has been named to the FORTUNE 500 list of the largest U.S.-based companies for the fifth straight year. CBRE remains the only commercial real estate services firm ever included in the FORTUNE 500.
DCT INDUSTRIAL BREAKS GROUND ON DCT COMMERCE CENTER AT PAN AMERICAN WEST INDUSTRIAL PARK
Miami, FL - May 1, 2012 - (RealEstateRama) -- DCT Industrial Trust, a leading industrial real estate company, held a recent groundbreaking ceremony on the first of two buildings located in the DCT Commerce Center at Pan American West Industrial Park in Miami, Florida. CBRE is the exclusive leasing advisor for the development located in Miami’s top-performing submarket, Airport/Doral.
CBRE RELOCATES TO BANK OF AMERICA PLAZA
Tampa, FL - April 25, 2012 - (RealEstateRama) -- CBRE signed a long-term lease at Tampa’s largest downtown high-rise, the 42-story Bank of America Plaza. The move will bring together 90 employees from three separate downtown locations. CBRE will occupy the entire 15th floor and a portion of the 14th floor for approximately 25,000 contiguous square feet
CBRE ARRANGES SALE OF REGIONS BANK BUILDING FOR $2.7 MILLION
Delray Beach, FL - April 24, 2012 - (RealEstateRama) -- CBRE arranged the sale of 650 N Congress Avenue, a two-story building with a Regions Bank on the first floor and regional Regions Bank employee training on the second. The property was purchased by Sungate Partners LLC for $2,675,000. CBRE Vice President William Strauss represented the seller, Four Partners Group LP in the transaction.
CBRE APPOINTED AS LEASING AND MANAGEMENT TEAM FOR ONE BOCA PLACE
Boca Raton, FL - April 17, 2012 - (RealEstateRama) -- Invesco has named CBRE as the new leasing and property management team for One Boca Place, a 277,390-square-foot, Class A office complex located at the intersection of Glades Road and Executive Center Drive. One Boca Place offers tenants an attractive office environment with abundant amenities, in a prime location near I-95.
CBRE CAPITAL MARKETS ARRANGES $35.4 MILLION LOAN FOR CORAL SPRINGS APARTMENT COMMUNITY
Coral Springs, FL - April 6, 2012 - (RealEstateRama) -- The strong momentum behind the Florida multihousing market recovery is evident as capital groups continue to aggressively seek quality assets to expand their footprint within the state. In Florida’s Broward County market, CBRE First Vice President Dennis Jiménez arranged a $35.4 million acquisition loan on behalf of Sherwood Forest at Coral Springs LP for the purchase of Sherwood Forest at Coral Springs Apartments from seller, AEW Capital. Terms of the seven-year loan, which closed on March 20, include three years of interest-only financing followed by a 30-year amortization.
PALMETTO PROMENADE DEVELOPMENT SOLD FOR $20.1 MILLION
Boca Raton, FL - April 4, 2012 - (RealEstateRama) -- CBRE arranged the sale of the 5.78-acre site known as Palmetto Promenade to Archstone New Development Holdings for $20,125,000. The land, currently zoned as DDRI (Downtown District of Regional Impact and R1D/DDRI (Residential Downtown District of Regional Impact), was a bank-owned property.
CBRE CAPITAL MARKETS ARRANGES $30,279,000 LOAN FOR 480-UNIT FT. LAUDERDALE APARTMENT COMMUNITY
Ft. Lauderdale, FL - April 4, 2012 - (RealEstateRama) -- CBRE Capital Markets closed on a $30,279,000 loan for the acquisition of San Tropez Apartments in Pembroke Pines, Florida, on behalf of the borrower, Advenir@San Tropez, LLC. Terms of the loan include a 10-year term with three years interest-only financing and a 75 percent loan-to-value ratio. The deal closed Friday, March 30.
WALK AT HIGHWOODS PRESERVE II SELLS TO B & L INVESTMENTS
Tampa, FL - April 3, 2012 - (RealEstateRama) -- CBRE arranged the sale of Walk at Highwoods Preserve II, a 28,452-square-foot retail center in Tampa, Florida, to B & L Investments, a Tampa-based private investment group. The seller, a joint venture whose majority partner is an affiliate of TIAA-CREF, was represented exclusively by Senior Vice President Mark Shellabarger of CBRE’s Private Capital Group in Tampa, Florida.
CORAL GABLES MULTI-HOUSING PROPERTY PURCHASED FOR $4.5 MILLION FOR FUTURE DEVELOPMENT POTENTIAL
Coral Gables, FL - March 30, 2012 - (RealEstateRama) -- CBRE arranged the sale of a 34-unit multi-housing property located at 501–525 Valencia Avenue. The Coral Gables property was purchased by Miami-based TM Real Estate Group for $4.5 million. CBRE marketed the property and negotiated the transaction on behalf of the seller, H&V Partners, LLC.
CBRE PRIVATE CAPITAL GROUP REPRESENTS BANK IN REO SALE TO FOREIGN BUYER
Homestead, FL - March 27, 2012 - (RealEstateRama) -- CBRE arranged the sale of a Card Sound, a 105-unit bank-owned property in Homestead, FL. The property at 27707 South Dixie Highway was acquired for $4.55 million ($94 per square foot or $43,336 per unit) from Community Bank of Florida by a foreign investment group known as 105 Units Homestead Investment, LLC.