CBRE
COLONIAL PLACE SEES 28,000 SF IN NEW LEASE ACTIVITY
Tampa, FL - October 28, 2011 - (RealEstateRama) -- Westshore continues to hold the position of Tampa Bay’s strongest submarket, with a 20 basis point improvement in vacancy rates during the third quarter and three sustained quarters of positive absorption. Contributing to the positive activity in this submarket was more than 28,000 SF in new leases signed at Colonial Place, located at 4350 West Cypress Street, just off I-275.
CBRE AND REBUILDING TOGETHER TEAM UP TO SUPPORT SOUTH FLORIDA HOMEOWNER IN NEED
Plantation, FL - October 26, 2011 - (RealEstateRama) -- CBRE Group, Inc. (CBRE) successfully partnered with Rebuilding Together of Broward County—an organization working to preserve affordable homeownership and revitalize neighborhoods—to a homeowner in need as part of CBRE’s “Get Out and Give Back” BuildMonth. During BuildMonth, more than 900 CBRE professionals from nearly 20 offices across the U.S. joined Rebuilding Together to assist with housing construction projects for the underprivileged and homeless.
TOWN PLAZA PURCHASED FOR $2.9 MILLION
St. Petersburg, FL - October 25, 2011 - (RealEstateRama) -- CBRE announced today the sale of Town Plaza, a 67,050-square-foot shopping center, to a locally based private investor for $2.9 million. The new ownership has plans to revive the neighborhood shopping center that had been neglected over the past several years
FLORIDA COMMERCIAL REAL ESTATE OUTLOOK REMAINS POSITIVE
- October 24, 2011 - (RealEstateRama) -- After suggestions of a ‘double-dip’ recession have subsided, third quarter statistics show Florida is still moving toward recovery, despite inconsistent trends. As reported in the State of Florida MarketView released by CBRE, the end of third quarter 2011 shows the following key findings
FLORIDA COMMERCIAL REAL ESTATE OUTLOOK REMAINS POSITIVE
Florida - October 21, 2011 - (RealEstateRama) -- After suggestions of a ‘double-dip’ recession have subsided, third quarter statistics show Florida is still moving toward recovery, despite inconsistent trends. As reported in the State of Florida MarketView released by CBRE, the end of third quarter 2011 shows the following key findings:
SPRING FOOTWEAR PURCHASES FORMER FURNITURE SHOWROOM FOR HEADQUARTERS EXPANSION AND RELOCATION
Pompano Beach, FL - October 17, 2011 - (RealEstateRama) -- Leveraging the conditions of the market favoring both tenants and buyers, Spring Holdings Realty, LLC recently purchased a 58,811-square-foot showroom to serve as the new headquarters for Spring Footwear. Visible from Interstate 95, the facility at 1001 West McNab Road was formerly occupied by City Furniture. The freestanding building was purchased for an undisclosed price in an all-cash transaction.
HNTB RENEWS AT FLAGLER WEST CORPORATE PARK
Miami, FL - October 13, 2011 - (RealEstateRama) -- CBRE announced today the office lease renewal transaction by HNTB at Flagler West Corporate Park in Miami. HNTB consolidated their previous locations within the building to a single 18,904-square-foot space on the fourth floor. CBRE brokers Noël Steinfeld and Christopher Dekker negotiated the transaction on behalf of the owner, Robertson Property Group. HTNB was jointly represented by Sven Sykes of Colliers International out of Chicago and Stephen Rutchik from Jones Lang LaSalle in Miami.
OFF-SHORE CAPITAL PURCHASES PRESCHOOL BUILDING FOR OVER $3 MILLION
Coconut Creek, FL - October 4, 2011 - (RealEstateRama) -- CBRE brokers Scott O’Donnell, Dominic Montazemi, Marty Busekrus and Miguel Alcivar arranged the sale disposition of a 28,039-square-foot preschool facility to an off-shore investment group operating as MG3 Pre School LLC, on behalf of seller, Bount Warehouse LC.
CBRE SELECTED TO LEASE CORPORATE PARK AT INVERRARY
Lauderhill, FL - September 28, 2011 - (RealEstateRama) -- CDM Property Investments (CDM) has appointed CB Richard Ellis (CBRE) as exclusive leasing advisor for Corporate Park at Inverrary, a 122,000-square-foot office property. Deborah Fink, a Vice President with CBRE in Boca Raton, is providing representation on behalf of CDM
VF IMAGEWEAR GROWS OPERATIONS IN TAMPA BAY
Tampa, FL – September 22, 2011 – VF Imagewear continues growing in Tampa Bay. The industry apparel company inked a new lease at Oak Creek I, taking the full 222,000-square-foot building. CB Richard Ellis brokers, Rick Narkiewicz and John Jenkins were the sole brokers in the transaction
CARROLLWOOD APARTMENT COMMUNITY SOLD FOR OVER $12,000,000
Tampa, FL - September 22, 2011 - (RealEstateRama) -- CB Richard Ellis announced today the sale of Swan Lake Apartments, a 244-unit rental community located in Tampa, to Toulon Capital Partners. CBRE brokers, John Selby and Jim Bobbitt provided representation to the seller
ST. PETERSBURG APARTMENT COMMUNITY PURCHASED FOR $640,000
St. Petersburg, FL - September 22, 2011 - (RealEstateRama) -- The CBRE Multi-Housing Group in Tampa announced today the sale of the 18-unit Queen Anne Apartments in St. Petersburg to Queen Anne I LLC for $640,000. CBRE Associate, Matthew Baldwin provided seller representation for sale of the bank-owned asset.
WAVERLY SHOPPING CENTER TRADES FOR $1.6 MILLION
Pompano Beach, FL - September 21, 2011 - (RealEstateRama) -- In an all-cash transaction, JR Enterprises LLC sold Waverly Shopping Center for $1.6 million to Waverly Pompano Center LLC. The 20,521-square-foot retail center is located at 437 East Atlantic Boulevard in Pompano Beach. CBRE brokers, David Donnellan and Todd Weintraub negotiated the transaction on behalf of the seller. Gene Snyder Company represented the buyer
CBRE ORLANDO OFFICE PROMOTES TWO PROFESSIONALS
Orlando, FL - September 19, 2011 - (RealEstateRama) -- Christopher Sproles and James Mitchell recently achieved new titles at CB Richard Ellis (CBRE), reflecting quantifiable performance results within their service specialties. Sproles is a member of the Global Corporate Services team, focused on serving office occupiers and buyers. He has earned the title of Senior Vice President (formerly First Vice President) as a result of sustained high performance measures.
NEWLY AVAILABLE OFFICE SPACE INTRODUCED WITH NEW BUILDING NAME
Jacksonville, FL - September 14, 2011 - (RealEstateRama) -- Over 69,000 square feet of Class A space is newly available to the Jacksonville/St. Augustine area. Named for the sole tenant, Tree of Life, the building is being reintroduced as Golfway Place. The former tenant, who occupied the space as a headquarters location for their specialty foods distribution business, will be vacating the building in December as a result of an acquisition. CB Richard Ellis (CBRE) is the exclusive listing advisor for the newly renamed Golfway Place.
PALMS PLAZA PURCHASED FOR $18.5 MILLION
Boca Raton, FL - September 13, 2011 - (RealEstateRama) -- CB Richard Ellis (CBRE) announced today the sale of Palms Plaza, a 68,976-square-foot shopping center located in the heart of Boca Raton, to North American Development Group (NADG). Toronto/Florida-based NADG acquired the property for $18.5 million from Bell Partners Inc, a real estate firm based in Greensboro, NC. CBRE’s National Retail Investment Group in Florida provided exclusive representation to Bell Partners in the transaction.
COSTEX CORPORATION PURCHASES 180,000-SF BUILDING IN MIAMI TO SUPPORT GROWING BUSINESS
Miami, FL – September 8, 2011 – Costex Corporation (“Costex”), a worldwide quality supplier of new replacement parts for the heavy equipment industry, is expanding its business in South Florida. To accommodate their growth, Costex recently purchased the 180,000-square-foot industrial property at 7901–8187 NW 71st Street in Miami for $10.3 million from building owner Seagis Property Group, an industrial investment firm based in West Conshohocken, Pennsylvania
CB RICHARD ELLIS ARRANGES THE SALE OF TWO NEIGHBORHOOD SHOPPING CENTERS IN RIVIERA BEACH...
Miami, FL - September 2, 2011 - (RealEstateRama) -- CB Richard Ellis (CBRE) facilitated the sale disposition of two neighborhood shopping centers; Riviera Square in Riviera Beach and Sample Plaza in Pompano Beach, on behalf of Kimco Realty Corporation affiliates. Both properties were acquired on August 19, 2011 by MYA Properties LLC for an undisclosed price.
CBRE ARRANGES $10 MILLION REFINANCE FOR BLACKSTONE APARTMENT COMMUNITY
Miami, FL - August 31, 2011 - (RealEstateRama) -- CBRE arranged $10 million in proceeds for the purpose of refinancing the debt on The Blackstone Apartments in Miami Beach, Florida. Financing terms of the loan include a 7-year fixed rate term, 2-years interest only, and a 70% loan-to-value ratio.
FOREIGN INVESTOR PURCHASES SOUTH BEACH APARTMENTS FOR $2.7 MILLION
Miami, FL - August 26, 2011 - (RealEstateRama) -- Supporting increased confidence in the market, Domus Group, a Latin American investor purchased 1818 Meridian Avenue in Miami Beach, Florida. Calum Weaver who co-chairs the CB Richard Ellis (CBRE) Multi-Housing Private Capital Group in South Florida negotiated the $2.7 million sale transaction on behalf of the seller.