CBRE
WINN-DIXIE ANCHORED SHOPPING CENTER IN ST. PETERSBURG, FL SELLS
St. Petersburg, FL - January 19, 2012 - (RealEstateRama) -- Bay View Plaza, a 78,781-square-foot shopping center anchored by a Winn-Dixie grocery store, was recently purchased by Hachem Investments, Inc of Tampa, FL. CBRE marketed the property for sale on behalf of the seller, Springfield Crossing, LLC.
CBRE FORT LAUDERDALE OFFICE PROMOTES TWO PROFESSIONALS
Fort Lauderdale, FL - January 18, 2012 - (RealEstateRama) -- Deanna Lobinsky and Travis Herring of CBRE in Fort Lauderdale office have earned the titles of Senior Vice President and First Vice President, respectively. Broker titles at CBRE reflect quantifiable performance results within their service specialties.
CBRE’S TRACI JENKS NAMED PRESIDENT-ELECT FOR NAIOP NORTHEAST FLORIDA
Jacksonville, FL - January 6, 2012 - (RealEstateRama) -- CBRE is pleased to announce Traci Jenks, Senior Associate with the Jacksonville office, has been named president-elect to the NAIOP Commercial Real Estate Development Association with the Northeast Florida chapter (NAIOP-NEFL) in Jacksonville. Jenks first joined NAIOP in 2000 while working in Economic Development with the Jacksonville Regional Chamber of Commerce. She has been on the Board for five years and chaired various committees such as Public Relations, Government Affairs, Membership, and the Annual Awards Celebration.
NEW TEAM TO PROVIDE INNOVATIVE SERVICE TO SOUTH FLORIDA RETAIL
Miami, FL - January 3, 2012 - (RealEstateRama) -- CBRE announced today the addition of retail brokerage professionals, Patxi Diaz and Danny Diaz. The two are joining as Associates to partner with Senior Vice President Paco Diaz, an established top producer for CBRE in the retail specialty. The team will focus on providing brokerage services to retail property owners, landlords and tenants throughout South Florida.
CBRE CAPITAL MARKETS ARRANGES $5 MILLION IN FIXED FINANCING FOR THE GREEN COMPANIES
Hialeah, FL - December 21, 2011 - (RealEstateRama) -- CBRE Capital Markets in Miami secured $5 million in fixed financing on behalf of The Green Companies, a family-owned real estate development firm based in Miami. The terms of the loan, for the Green Vista Apartments in Hialeah, include a 30-year amortization schedule, a maximum 75% loan-to-value and minimum DSCR of 1.25x. The proceeds were used to acquire 100% interest in the property from their partner who developed the building with The Green Companies in 1997.
NEW $135 MILLION INDUSTRIAL PARK PLANNED IN MIAMI-DADE COUNTY
Miami, FL - December 21, 2011 - (RealEstateRama) -- In one of the largest industrial land transactions in Miami-Dade County since before the recession, Liberty Property Trust (NYSE:LRY) has acquired 126 acres for the development of Miami International Tradeport. With an anticipated 1.6 million square feet of new institutional-grade warehouse and distribution space planned, Miami International Tradeport (MIT) is expected to add $135 million in value to Miami-Dade County’s tax base and create 4,000 new construction jobs with 2,000 full-time jobs upon completion.
CBRE AWARDED “BROKER DEAL OF THE YEAR” FOR INDUSTRIAL AT NAIOP BEST OF THE...
Tampa, FL - December 16, 2011 - (RealEstateRama) -- By overcoming the challenges of the current market conditions and positively impacting today’s greatest economic indicator, job growth, NAIOP Tampa Bay awarded CBRE ‘Broker Deal of the Year’ in the Industrial category for the two-time disposition of the former Pinellas Expo Center during 2011, executed by CBRE First Vice President Brian Rettig, SIOR and First Vice President Gary Bauler, LEED AP.
CBRE CAPITAL MARKETS ARRANGES FINANCING FOR CARRIAGE HILLS APARTMENTS IN PENSACOLA
Pensacola, FL - December 14, 2011 - (RealEstateRama) -- CBRE Capital Markets recently arranged $6.75 million in proceeds for the purpose of refinancing the debt on Carriage Hills Apartments, a 260-unit garden style apartment complex in Pensacola, Florida. Financing terms of the loan include a 10-year fixed-rate term, 30-year amortization schedule and loan-to-value of 75%. The transaction was completed on behalf of Hills Apartment Communities, LLC and the lender was Miami Beach-based Archetype Mortgage Capital.
EXECUTIVE AIRPORT BUSINESS CENTER PURCHASED FOR $3.4 MILLION
Fort Lauderdale, FL - December 12, 2011 - (RealEstateRama) -- Sale transactions involving commercial real estate assets at significantly reduced prices continue to flood the investment properties market. Supporting this trend was KAS Airport, LLC’s $3.4 million acquisition of Executive Airport Business Center in a short-sale transaction with special servicer, Berkadia.
244,247-SF OFFICE PARK TRADES IN DELRAY BEACH
Delray Beach, FL - December 8, 2011 - (RealEstateRama) -- CBRE announced today the sale of The Arbors Office Park at 1615, 1625 & 1690 South Congress Avenue in Delray Beach to RexxHall Realty. LLC. The three-building office park totals 244,247 rentable square feet and is 45% occupied.
THE ISLES OF GATEWAY APARTMENT COMMUNITY SOLD FOR $16.82 MILLION
St. Petersburg, FL - December 8, 2011 - (RealEstateRama) -- CBRE announced today the sale of The Isles of Gateway, a 212-unit apartment community located in St. Petersburg’s Gateway submarket. Located at 10600 Fourth Street North, The Isles of Gateway was acquired by Robbins Property Associates for $16.82 million, or $79,340 per unit. CBRE’s Multi-Housing Group in Tampa marketed the property for sale and negotiated the transaction on behalf of the seller, CAPREIT.
HILLDRUP UNITED VAN LINES TAKES 60,000 SF IN ORLANDO’S CYPRESS PARK EAST
Orlando, FL - November 29, 2011 - (RealEstateRama) -- November 29, 2011 – CBRE announced today the 60,000-square-foot new lease acquisition by Hilldrup United Van Lines at Cypress Park East, Building 5 in Orlando. The established moving and storage company followed suit of many tenants in today’s market of a flight-to-quality trend by taking advantage of favorable rates in high-quality industrial product.
RETAIL BUILDING AND MCDONALDS GROUND LEASE PURCHASED FOR $2.6M
West Palm Beach, FL - November 21, 2011 - (RealEstateRama) -- CBRE is pleased to have facilitated the $2.6 million acquisition of 9835-9847 Okeechobee Boulevard on behalf of the buyer, Okeechobee 9847 LLC. The purchase includes a long-term ground lease with a free-standing McDonalds and a vacant 3,750-square-foot retail building.
CBRE CAPITAL MARKETS ARRANGES $52.57 MILLION IN PERMANENT FINANCING FOR MULTIFAMILY PROPERTIES
Orlando, FL - November 21, 2011 - (RealEstateRama) -- Financing of multifamily properties through Freddie Mac’s Capital Markets Execution (CME) loan program remains strong throughout the U.S. as reflected by the recent transactions from CBRE’s Orlando, Florida office. In less than two months, CBRE Senior Vice President Glenn Housman, MAI, secured a total of $52.57 million in permanent financing for four separate properties, on behalf of three different investment groups. All loans originated through Freddie Mac.
FREIGHT FORWARDING FIRM EXPANDS IN DORAL
Doral, FL - November 10, 2011 - (RealEstateRama) -- Codotrans, Inc. is relocating and expanding to Beacon Centre with new lease agreement for 41,990 square feet. The cargo logistics firm is increasing their footprint in Doral by approximately 17,000 square feet. Less than two miles from their existing location, the move also represents a flight to quality as they upgrade to Class A space.
CBRE ARRANGES $250 MILLION ACQUISITION FINANCING FOR H&R REIT
Long Island City, NY - November 7, 2011 - (RealEstateRama) -- The CBRE Capital Markets team in Tampa arranged the acquisition financing on Two Gotham Center, a 670,000-square-foot, state-of-the-art, LEED Certified 22-story office building, on behalf of the borrower, H&R REIT. Financing terms of the $250 million loan include a 10-year term and a 4.25% interest rate.
WASHINGTON SHORES PLAZA PURCHASED FOR $1.8 MILLION
Orlando, FL - November 4, 2011 - (RealEstateRama) -- Washington Shores Plaza, a neighborhood shopping center with 45,370 rentable square feet, was purchased by CRP II – Washington Shores LLC for $1.8 million. CBRE marketed the REO asset for sale on behalf of Berkadia, the special servicer to the underlying bondholders.
BOCA RATON RETAIL TEAM JOINS CBRE IN SOUTH FLORIDA
Boca Raton, FL - November 1, 2011 - (RealEstateRama) -- CBRE announced today the addition of two notable retail brokerage professionals, Roxanne Register and Lynette Green. The team will focus on providing landlord and tenant representation to retail property owners, clients and landlords throughout South Florida. They will be based in CBRE’s Boca Raton office.
LAW FIRM TAKES FULL FLOOR AT SARASOTA’S M&I BANK BUILDING
Sarasota, FL - October 31, 2011 - (RealEstateRama) -- The Sarasota-based law firm of Kirk-Pinkerton, P.A. signed a new lease at the M&I Bank Building in Sarasota for 10,104 square feet, comprising the full sixth floor. CBRE Associate Kimberly Rogers and Senior Associate Michael Fisher represented the landlord and building owner, iStar Financial in the new lease transaction. Ian Black of Ian Black Realty provided representation to Kirk-Pinkerton.
HILLMOOR VILLAGE APARTMENTS SOLD FOR $10.5 MILLION
Port St. Lucie,, FL – October 28, 2011 – Torchlight Investors sold Hillmoor Village Apartments to Finbay Pacific for $10.5 million. Torchlight acquired the property in December 2010 through a lender foreclosure. At that time, the property was 60% occupied. CBRE was engaged in early 2011 for strategic advice on marketing the asset. Per the recommendation of CBRE, Torchlight invested additional capital into the property and increased occupancy to 90%.