CBRE has arranged a 10-year lease for a printing company at the Fort Lauderdale Commerce Center. MOR Printing signed a lease for 24,490 square feet at 3585 NW 54 Street in Fort Lauderdale, Florida. CBRE represented the landlord, Industrial Income Trust, in the transaction.
Douglas Elliman Commercial Division Associate and CCIM Miami District Director Mitash Kripalani, CCIM negotiated the sale of a 27-unit multifamily asset for $4.25 million, or approximately $157,400 per unit
CBRE arranged the sale of Town Center I in Opa-locka, Florida. The 80,000-square-foot mixed use asset was acquired from JWV Florida Properties LLC by the City of Opa-Locka for $7.9 million. CBRE represented the seller in the sale
A mixed-use team of capital markets professionals from CBRE’s Tampa and Atlanta offices has been retained as the exclusive advisors for Redstone Investments, the new owners of Tampa, Florida’s Austin Center. The CBRE team includes Jay O’Meara, Dale Peterson, Dave Conn and Sean Williams – a combination of capital markets experts focused on office, retail and multifamily
CBRE launched its global Urban Photographer of the Year competition with the theme, “Cities at Work.” Now in its ninth year, the competition continues to attract photographers from around the world. This year the contest challenges photographers to capture what urban means to them in an ever-changing global landscape. The competition is free to enter and open to both professional and amateur photographers.
CBRE arranged the sale of Lantana West Plaza, a 26,340-square-foot, multi-tenant retail center located at 5891 S. Military Trail in Lake Worth, Florida. Woodmont Properties II, LLC purchased the property for $4,080,000. The seller was IR-Lantana West Plaza, LLC, which hired CBRE to market the asset for sale and negotiate the transaction
Central Florida real estate occupied by e-commerce retailers, parcel delivery firms, and transportation/logistics companies hit an all-time high in 2014, according to a new report by CBRE Group, Inc., and demand from those users is projected to surge over the next three years
CBRE Capital Markets’ Debt & Structured Finance team originated a $3.5 million loan to re-finance a ground lease of a future Walgreens location on Atlantic Avenue in Delray Beach, Florida.
Cushman & Wakefield today released its April 2015 transaction report highlighting more than 3.1 million square feet of commercial real estate transactions valued at more than $166 million. The details of these transactions can be found below.
CBRE Capital Markets arranged the sale of Laguna Oaks, a 360-unit gated community in Orlando, Florida. Located at 3211 S. Semoran Blvd., the lakeside property was acquired from Ram Realty Services by Avesta Communities for $29.15 million. CBRE’s Shelton Granade, Luke Wickham and Justin Basquill exclusively represented the seller in the transaction.
A renovation and modernization project began this weekend at Tampa’s Fifth Third Center, a boutique office property located at 201 East Kennedy Boulevard in Tampa, FL. Property owners Fairlead Commercial Real Estate and Bridge Investment Group Partners have committed $1.5 million toward capital improvements aimed at refreshing the building’s exterior and interior areas, enhancing tenant amenities and delivering new speculative office suites.
CBRE has arranged a lease for Prime Cigar & Whiskey Bar at 1100 Millecento, the recently completed, 42-story residential tower at 1100 South Miami Avenue in Miami. The Boca Raton-based Prime, which describes itself as a “gathering place, a destination and a sanctuary…for premium cigars, fine spirits, and friends” will occupy approximately 4,800 square feet in the mezzanine level of the building; there are approximately 17,500 square feet of retail space in total on the ground and mezzanine levels
CBRE arranged the $27.2 million sale of Vizcayne Retail - 55,000-square-foot of ground floor retail plus 126 dedicated parking spaces located at the base of two 49-story condominium towers at the intersection of Biscayne Boulevard and N.E. 2nd Street in Downtown Miami. The property was acquired by an affiliate of Stoltz Real Estate Partners, based in Bala Cynwyd, PA. CBRE’s National Retail Investment Group
The property was purchased by RREEF Property Trust, a real estate investment management business of Deutsche Bank, for $111.6 million or $533 per square foot. According to Stiles, the sale represents the highest price per square foot in the Brickell submarket.
East Coast ports are growing at a faster rate than their West Coast counterparts, according to the inaugural edition of CBRE Group, Inc.’s “North America Ports Logistics Annual Report.” But even as the East Coast ports are gaining ground, the ports of Los Angeles and Long Beach still topped the report’s first-ever “Ports and Logistics Index,” thanks to infrastructure that is well-suited to handle the largest cargo container ships, their proximity to Asian export markets, a strong local economy and a deep industrial real estate market.
CBRE Capital Markets arranged the sale of The Park at Laurel Oaks, a 552-unit apartment community in Winter Springs, Florida, about 15 minutes outside of Orlando. The gated community, located at 1 Laurel Oaks Drive, was acquired from Laurel Oaks, LLV by an affiliate of New York-based White Eagle Property Group for $54 million. CBRE’s Shelton Granade, Luke Wickham and Justin Basquill exclusively represented the seller in the transaction
On April 25, 2015, dozens of CBRE volunteers partnered with Rebuilding Together Tampa Bay (RTTB) to assist a local family in need as part of National Rebuild Day. The selected homeowners Michael and Dorene Franklin have been living in their Sulphur Springs residence for the last eight years. Volunteers contributed to make the home safer with the installation of legibly-numbered mailboxes, new levered door locks/deadbolts, peep holes and more. Volunteers also completed exterior painting and yard cleanup. The Franklin family is thankful to RTTB and CBRE for providing home improvements as they find it difficult to afford the home repairs and upkeep
CBRE Capital Markets arranged the sale of Century Waterford Lakes, located at 12101 Fountainbrook Blvd., Orlando, FL. The 400-unit apartment community was completed in 2000 and has a current occupancy of 92%. CBRE exclusively represented the seller in the transaction, Centennial Holding Company. The property was acquired by an undisclosed buyer.
CBRE arranged the purchase of a 30,039-square-foot single tenant property leased to Concorde Career Institute at 4202 and 4210 Spruce Street in Tampa, Florida. RL Concorde LLC acquired the two-building property for $6 million.