Commercial

CBRE Hotels has been engaged to exclusively represent the owner of the iconic Conrad Miami. The hotel is ideally situated on the most prestigious street in the heart of Mimi’s business and financial district. The 203-room luxury hotel at 1395 Brickell Avenue is situated within the landmark Espirito Santo Plaza, widely recognized as Miami’s most architecturally stunning structure, with its concave figural arch beautifully representing the gateway to Latin America

CBRE arranged the sale of a freestanding, 29,770-square-foot industrial property prominently located at the corner of Ravenswood and Stirling Roads in Dania Beach, Florida. The Ravenswood Industrial asset, which sits on a 2.1-acre property at 5950 Ravenswood Road, was acquired from Trust Number BM-1 by Flooring King for $2.5 million. The Flooring King is currently located at 59 S.W. 12th Ave Suite 106, in Dania Beach, FL 33004 in 5,000 square feet and is expanding into the full 29,770 square feet available at Ravenswood Industrial

CBRE Capital Markets arranged the sale of Village Green, a 164-unit, 140,000-square-foot apartment community in the Altamonte Springs area of Orlando. Located at 112 Essex Avenue, the asset was acquired from Harbor Group International, LLC by Insula Companies for $12.6 million. CBRE’s Shelton Granade, Luke Wickham, and Justin Basquill provided exclusive representation to the seller in the transaction.

Demand in South Florida’s commercial real estate market is producing low vacancy rates and a number of major developments in an array of sectors, according to local experts at the third annual Miami Association of REALTORS® Commercial Alliance Midyear Update that took place recently in Coral Gables. Five of South Florida’s top real estate professionals discussed Miami’s booming retail market as well as local developments in the multifamily, capital markets, industrial, and office sectors in an event presented by the MIAMI Association of REALTORS, the nation’s largest Realtor group with 36,000 members.

CBRE arranged the sale of Delray Commons, a 68,292-square-foot, multi-tenant retail center located at 5020-5080 Atlantic Avenue in Delray Beach, Florida. Mall 5020 LLC purchased the property for $10,750,000. The seller was Delray Commons, LLC, affiliated with Boca Raton-based Pebb Enterprises, which hired CBRE to market the asset for sale and negotiate the transaction.

With over a third of its office space considered “green,” Tampa Bay ranked 17th out of 30 markets on the 2015 Green Building Adoption Index, a joint project of CBRE Group, Inc. and Maastricht University. The Tampa Bay market made the largest leap in the survey this year, moving into 17th position, up from 22nd.

For the purposes of this report, “green” office space is defined as holding either an EPA ENERGY STAR label, U.S. Green Building Council (USGBC) full-building LEED certification or both. Using square feet as a measure, 41.6% of Miami’s office market is “green” – well above the national average of 38.7%. Moreover, Miami ranked particularly well in terms of number of buildings considered green – over 17%. By square feet, 21.84% of Miami’s office market has a LEED certification, and over a third of the office market is ENERGY STAR rated.

“May’s inventory of single family homes in Martin County has dropped 35% from last year to an unprecedented 4.8 months. Although the median sale price remained virtually unchanged, the average sale price moved up 13% to $416,314 compared to last year. All great news to hear if you are a Seller, but a Buyer will have fewer opportunities to find those “deals”.

CBRE has been retained as exclusive broker for the sale of St. Tropez, a value-add apartment property located in the highly desirable Midtown Business District of Plantation, Florida. The gated community at 8000 Cleary Boulevard includes 376 townhome-style units situated in 29 two-and three-story buildings spanning approximately 38 acres

CBRE has been selected as the exclusive listing agent for a 49.7-acre hotel/timeshare site located on the south side of I-4, directly across from the new $200+ million Disney Springs redevelopment of Downtown Disney in Orlando, Florida – the number one tourist destination in the world.

CBRE arranged the sale of the 103,316-square-foot, 4.6-acre Gateway Industrial Center in Fort Lauderdale, Florida. The asset at 2030 West McNab Road was acquired from 2030 Asset Ventures LLC by Donovan Marine, Inc., for $5.3 million.

WASHINGTON, D.C. - June 16, 2015 - (RealEstateRama) -- McCraney Property Company, a leading developer of modern industrial properties, announced that DEX Imaging...

Nashville, Tennessee-based Hospital Corporation of America (HCA)(NYSE: HCA), a for-profit operator of health care facilities and largest such operator in the world, announced that it has leased a new, state-of-the-art, medical buildings at Lake Whitney Medical and Professional Park, located at 291 NW Peacock Blvd. in Port St. Lucie West, within Lake Whitney Medical and Professional Campus. The Campus is situated on over 15 lake-front acres in the heart of St. Lucie West’s retail, restaurant and entertainment district.

CBRE Group, Inc. (NYSE:CBG) today unveiled Blueprint, an online magazine dedicated to telling timely and insightful stories about the transformational role real estate plays in the world

CBRE Capital Markets arranged the sale of Barrington Place Apartments, a 233-unit apartment community in the Oviedo area of Orlando for an undisclosed amount. Located at 2785 Chaddsford Circle, the complex was completed in 1998 and has a current occupancy of 95%.

CBRE Capital Markets arranged the sale of Lakeshore Apartment Homes, a 224-unit rental community in the Altamonte Springs area of Orlando. Located at 210 Altamonte Bay Circle, the lakeside property was acquired from a private equity group based in Denver by a Canadian investment firm for $23.65 million. CBRE’s Shelton Granade, Luke Wickham and Justin Basquill exclusively represented the seller in the transaction

CBRE Capital Markets arranged the sale of Marbella Lakes, a 200-unit apartment community in Orlando, Florida. The gated community, located at 1980 Lake Fountain Drive, was acquired from IMT Residential by Blue Rock Partners for $12.75 million. CBRE’s Shelton Granade, Luke Wickham and Justin Basquill exclusively represented the seller in the transaction.

June 15, 2015 – CBRE arranged the sale of the 73,216-square-foot Executive Airport Business Center in Fort Lauderdale, Florida. The 6.09-acre site with two single-story office/service buildings at 5101 NW 21st Avenue was acquired for $4.6 million by TPCH Broward, LLC, a joint venture between Triton Capital, LLC and CP Highlands Fund LP, both Chicago-based investment firms. CBRE represented the seller

CBRE has been selected by DCT Industrial (NYSE:DCT) as exclusive leasing agent for the newest Class A warehouse development in Miami’s Airport West submarket. DCT Commerce Center II will be developed as three free-standing buildings totaling ±430,000 square feet. The project shall be located between NW 129th and 130th Avenue and NW 12th and 17th Streets, directly across the street from DCT Commerce Center I, a two-building, 334,000-square foot project built in 2012.

Fort Lauderdale-based Stiles announced today it has closed on Sunrise Corporate Plaza, a three-story Class A suburban office property located in Sawgrass International Corporate Park in Sunrise, FL, one of South Florida’s largest and most successful business parks. Developed in 1999, this institutional quality asset is currently 100% leased and encompasses 106,648 rentable square feet on nearly eight acres