CBRE
CBRE ARRANGES SALE OF ORLANDO COLD STORAGE FACILITY
Orlando, FL - March 26, 2012 - (RealEstateRama) -- CBRE arranged the sale of a 117,280-square-foot cold storage facility optimally situated in Orlando, FL. The property at 2540 Shader Road was acquired for $1.35 million from United States Cold Storage of Voorhees, NJ, by Excel Property Holding LLC.
CBRE WINS LEASING ASSIGNMENTS FOR OVER 1.2 MSF IN MIAMI MARKET
Miami, FL - March 19, 2012 - (RealEstateRama) -- In prompt response to the recent growth strategy at CBRE in the South Florida market, the firm has been appointed as exclusive leasing advisor to over 1.2 million square feet of Class A office space in Miami-Dade County. Included are Columbus Center and Datran Center, both owned by affiliates of USAA Real Estate Company (“USAA”), as well as Sabadell Financial Center, owned by Testa Immuebles (“Testa”). Two of CBRE’s latest additions, Maggie Guajardo Kurtz and Diana Parker, both Senior Vice Presidents with the firm’s Miami office, are leading these landlord representation assignments.
CBRE BROKERS SALE OF WEST MARINE MEGA FLAGSHIP STORE
Fort Lauderdale, FL - March 16, 2012 - (RealEstateRama) -- Known as the ‘yachting capital of the world’ to enthusiasts, Fort Lauderdale is home to Cole Capital’s newly acquired West Marine mega flagship store. The 50,000-square-foot building was completed in 2011 for West Marine as a relocation for the chain’s top-performing store. CBRE marketed the trophy asset for sale and negotiated the transaction on behalf of the seller and developer, Stiles Corporation. Cole Capital purchased the property for $12.75 million.
CBRE BROKERS SWEEP CENTRAL FLORIDA NAIOP AWARDS
Orlando, FL - March 12, 2012 - (RealEstateRama) -- The CBRE Orlando office had a big night at the recent Central Florida NAIOP Best of the Best Gala. CBRE brokers received three of the six awards for individual broker recognition. Nan McCormick, David Murphy and Shelton Granade were honored as Office, Industrial and Investment Broker of The Year, respectively.
FOUNTAINS AT CAMINO SOLD FOR $16 MILLION
Boca Raton, FL - March 12, 2012 - (RealEstateRama) -- CBRE represented Capmark Bank for the sale of Fountains at Camino, a mixed use, Class B office and retail property, recently acquired by the bank via foreclosure. The seven-building property was purchased for $16 million by Boca Medical Plaza, LLC.
PRIME 96-ACRE LAND PARCEL PURCHASED FOR $9.75 MILLION
St. Petersburg, FL - March 9, 2012 - (RealEstateRama) -- CBRE brokered the purchase of a 96-acre vacant land parcel just north of Gandy Boulevard along I-275 by Great Bay Distributors for $9.75 million. CBRE Senior Associate Jarib Rodriguez and Senior Vice President John Jenkins marketed the site for sale and negotiated the transaction on behalf of the seller, BB&T Bank. BB&T acquired the asset through foreclosure in early 2011.
CBRE GROUP, INC. NAMED TOP COMMERCIAL REAL ESTATE BRAND FOR THE 11TH STRAIGHT YEAR
Statewide, FL - March 9, 2012 - (RealEstateRama) -- CBRE Group Inc. (CBRE) today announced that the Company has been named the top global brand in commercial real estate, according to a survey of industry professionals worldwide by The Lipsey Company. CBRE has been named the industry’s number-one brand by Lipsey for 11 consecutive years.
RUSSELL BORNSTEIN JOINS CBRE IN BOCA RATON
Boca Raton, FL - March 7, 2012 - (RealEstateRama) -- CBRE announced today the addition of Russell Bornstein as Senior Vice President, to serve retail clients in South Florida. Bornstein will focus on providing landlord and tenant representation services, based in the firm’s Boca Raton office.
CBRE ARRANGES SALE OF VERO BEACH RETAIL CENTERCBRE Facilitates ***
Vero Beach, FL - March 2, 2012 - (RealEstateRama) -- CBRE arranged the sale of Vero Beach Corners, a strategically located retail center, exceptionally well positioned in the Indian River Mall submarket for long-term growth and success. Situated at the “main and main” intersection of State Road 60 and Kings Highway, the center was acquired for $1.35 million from ORIX Capital Markets, based in Dallas, by Vero Beach Corners Retail Center, LLC.
CBRE BROKERS HONORED FOR SIGNIFICANT CONTRIBUTIONS TO COMMERCIAL REAL ESTATE COMMUNITY IN JACKSONVILLE
Jacksonville, FL - March 2, 2012 - (RealEstateRama) -- CBRE Senior Vice President Oliver Barakat and Senior Associate Joseph Ayers were honored at the 2012 NAIOP Awards Celebration held by the Northeast Florida Chapter of the commercial real estate development association on February 29th.
REEF PLAZA SOLD FOR $11.2 MILLION
Fort Lauderdale, FL - February 28, 2012 - (RealEstateRama) -- CBRE announced today the sale of Reef Plaza, a 112,500-square-foot shopping center, to Dacar Management, LLC for $11.2 million. CBRE represented Kimco Realty Corp., a real estate investment trust (REIT) that owns and operates North America’s largest portfolio of neighborhood and community shopping centers, in the sale of Reef Plaza. David Donnellan and Todd Weintraub of CBRE’s Private Capital Group partnered with Dennis Carson of the National Retail Investment Group to provide exclusive representation to Kimco in the transaction.
CBRE HONORED FOR OUTSTANDING REAL ESTATE ACHIEVEMENTS
Miami, FL - February 21, 2012 - (RealEstateRama) -- Three CBRE real estate transactions have been recognized as outstanding achievements by the South Florida chapter of NAIOP Commercial Real Estate Development Association. CBRE’s lease transaction for KTR Cold Storage, the sale of the Weston Business Center and the proposed Miami International Tradeport development were honored during the 30th anniversary of the NAIOP South Florida Awards of Excellence on February 16.
CBRE CAPITAL MARKETS ARRANGES $36.6 MILLION IN FINANCING FOR TWO MIAMI APARTMENT COMMUNITIES
Miami, FL - February 13, 2012 - (RealEstateRama) -- CBRE Capital Markets in Miami arranged a $36,590,000 refinance loan for Fairway View and Palmetto Place in Miami, Florida. CBRE Vice Chairman Charles Foschini in Miami was joined by Vice President Christopher Apone and Vice Chairman Christian Lee in representing the borrower, Fairway View Associates LTD and Palmetto Place Associates LLC.
FLORIDA COMMERCIAL REAL ESTATE MARKET ON TRACK FOR RECOVERY
Miami, FL - February 10, 2012 - (RealEstateRama) -- The industry’s leading commercial real estate professionals believe it is safe to say that as we head into 2012, the worst of the economic turmoil is behind us and Florida’s commercial markets are positioned well to move toward true recovery throughout this year and the years ahead, according to the 2011–2012 Florida Market Perspective, a comprehensive assessment and outlook on commercial real estate throughout the state, released by CBRE.
LAKEFRONT I AND II OFFICE PARK SOLD TO BROOKWOOD
Orlando, FL - February 2, 2012 - (RealEstateRama) -- Brookwood Lakefront Investors, LLC acquired Lakefront I and II, a four-building, ±192,654-square-foot suburban office/warehouse property located within Orlando Central Park. CBRE Executive Vice President Ron Rogg marketed the asset for sale and represented a private seller in the disposition.
CBRE TAPS FOUR INDUSTRY VETERANS TO FURTHER EXPAND OFFICE LEASING PLATFORM IN SOUTH FLORIDA
Miami/Boca Raton, FL - January 27, 2012 - (RealEstateRama) -- CBRE announced this week the addition of four new leasing professionals to the firm’s South Florida operations. Maggie Guajardo Kurtz and Diana Parker join CBRE to provide office landlord and tenant representation services in Miami-Dade County. Michael Wilson and Owen Sagar, based in the Boca Raton office, will focus on servicing office property owners and occupiers in the Palm Beach County market.
FLORIDA COMMERCIAL REAL ESTATE TRENDS FOR RECOVERY
January 26, 2012 - (RealEstateRama) -- CBRE released today the State of Florida MarketViews for fourth quarter 2011. The CBRE MarketView reports cover office, industrial and retail properties in Florida's Jacksonville, Orlando, Tampa Bay, and South Florida markets. Below are key findings
AMERICA’S GATEWAY INDUSTRIAL PORTFOLIO SOLD FOR $19 MILLION
Miami, FL - January 25, 2012 - (RealEstateRama) -- TA Associates acquired the America’s Gateway portfolio, a four-building distribution warehouse portfolio in Miami, for just over $19 million. CBRE Capital Markets professionals Chris Riley, Christian Lee and Brian Budnick, with the help of Industrial leasing professionals Devin White and David Albert, marketed the portfolio and negotiated the transaction on behalf of the seller, Clarion Partners.
CBRE CAPITAL MARKETS ARRANGES $8 MILLION REFINANCE FOR STUDENT HOUSING PORTFOLIO
Tallahassee, FL - January 24, 2012 - (RealEstateRama) -- CBRE Capital Markets arranged an $8-million bridge loan refinance on behalf of TREO Partners LLC for a two-property student housing portfolio in Tallahassee, Florida. Terms of the loan include an 18-month loan term with interest-only financing, a 75% loan-to-value ratio with minimum DCR of 1.25 and a floating interest rate over the 30-day Libor.
SHOPPES AT SOUTHERN PALMS PURCHASED FOR $31.4 MILLION
Wellington, FL - January 20, 2012 - (RealEstateRama) -- CBRE announced today the sale of Shoppes at Southern Palms, a 200,889-square-foot shopping center located on Southern Boulevard in Palm Beach County, Florida to New York-based Garrison Investment Group. Garrison acquired the property for $31.4 million from a joint venture between Panattoni Development Company and a client advised by Invesco Real Estate. CBRE’s National Retail Investment Group in Florida provided exclusive representation to the seller in the transaction.