CBRE arranged the sale of Glades Twin Plaza, a 98,312-square-foot boutique office property located in Palm Beach County’s prestigious Boca Raton submarket. L&B Realty Advisors of Dallas, Texas, acquired the asset at 2300 Glades Road in Boca Raton for $23,750,000, or $242 per square foot, from a fund managed by BlackRock. CBRE represented the seller
Half of all real estate investors in North America intend to increase their property acquisitions in 2015, with San Francisco the number one target for the second year in a row, according to the CBRE North America 2015 Investor Intentions Survey. For the first time ever, Miami ranked among the top ten U.S. cities that North American investors are targeting for investment.
CBRE today announced that one of the buildings managed by the company was honored with The Outstanding Building of the Year® (TOBY®) Award at the 2015 Building Owners and Managers Association (BOMA) Southern Region Conference annual awards ceremony held in Charlotte, North Carolina. The TOBY Awards are the most prestigious and comprehensive programs in the commercial real estate industry, recognizing outstanding performance and rewarding excellence in building management. CBRE’s asset services team won the award for the second consecutive year
Tech talent clustering is a growing driver of demand for office space in both large and small markets across the U.S., according to a new CBRE Research report, “Scoring Tech Talent” which ranks 50 U.S. markets according to their ability to attract and grow tech talent. Tampa ranks No. 36 on the overall tech talent list, making it the top-ranked Florida city, followed by Orlando (No. 47), Fort Lauderdale (No. 48) and Miami (No. 50).
Tech talent clustering is a growing driver of demand for office space in both large and small markets across the U.S., according to a new CBRE Research report, “Scoring Tech Talent” which ranks 50 U.S. markets according to their ability to attract and grow tech talent. Tampa ranks No. 36 on the overall tech talent list, and among the top fifteen small markets – those with a tech labor pool of less than 50,000
CBRE Hotels has been engaged to market the DoubleTree by Hilton, a 742-guestroom hotel located in Orlando, Florida – the number one tourist destination in the United States. The well-established property, at 5780 Major Boulevard, is located directly at the entrance of the Universal Orlando Resort. The Hotel is being offered unencumbered by management and, with the current franchise agreement expiring in May 2016, the Hotel is effectively unencumbered by brand
CBRE has been engaged by Kimco as the exclusive leasing agent for two neighborhood retail centers in Broward County, Florida. CBRE retail professionals Lisa Ferrazza and Nicole Fontaine will represent Cypress Creek Station at 6201-6531 N. Andrews Ave. in Fort Lauderdale and Maplewood Plaza at 1146-1200 N. University Drive in Coral Springs
CBRE Capital Markets arranged the sale of the Central Florida Portfolio, four apartment properties totaling 1,075 units. The portfolio includes Heritage on Millenia, Summit at Metrowest, Legends at ChampionsGate, in Orlando; and Vinings at Hunter's Green, in Tampa. The portfolio was acquired by affiliates of Dallas and New York-based The Milestone Group, LLC and Milestone Apartments Real Estate Investment Trust and represents the largest apartment transaction in Central Florida in 2015 thus far
CBRE has arranged a long-term lease between Clarion Partners and Gold Coast Freightways for a 230,600-square-foot, Class A distribution building in Weston, FL. Gold Coast Freightways, a less-than-truck-load carrier with corporate offices in Miami, FL, and six terminals, leased the facility. CBRE represented the owner, Clarion Partners, in the lease.
CBRE Group, Inc. announced that Michael Williams has joined CBRE’s Asset Services group as Director, serving the Greater Tampa Bay market. In this role, Mr. Williams, most recently at Saylor Place Consulting, LLC, will lead CBRE’s asset services and technical services employees, reporting to Patricia Nooney, Senior Managing Director, CBRE Florida Investor Services.
Stiles Realty, a division of Fort Lauderdale-based full-service real estate firm Stiles, announced international brewery Anheuser-Busch has signed a 63-month lease at 800 Brickell office tower for 3,218 square feet on the second floor. The premium suite is equipped with a 2,000-square foot balcony, a rare feature in this submarket, according to Stiles Realty Associate Jennifer Doering
CBRE Capital Markets arranged the sale of Whitepalm Apartment Homes, a new 306-unit luxury apartment community in Port Orange, Florida, about 45 minutes outside of Orlando. The Class A property, located at 5400 S. Williamson Boulevard, was acquired from Birmingham, Alabama-based LIV Development by Carter-Haston Holdings from Nashville for $40,289,500. CBRE’s Shelton Granade, Luke Wickham and Justin Basquill represented the seller in the transaction
The Greater Miami Chamber of Commerce honored CBRE South Florida’s Multifamily team with the “Commercial Real Estate Broker Team” Award at its annual Real Estate Leaders and Achievers (R.E.A.L) Awards ceremony and Real Estate Summit, held on Friday, March 27, 2015 in Miami, FL. The award recognized Vice Chairman Robert Given of CBRE Capital Markets, Multifamily and his team for its outstanding 2014 track record of over 30 sale transactions valued in excess of $1.6 billion.
CBRE Hotels has arranged the sale of the 259-room Howard Johnson Plaza Hotel at Miami International Airport. The property, located at 7707 NW 103rd Street in Hialeah Gardens and set on more than four acres of land adjacent to the Palmetto Expressway, one of South Florida’s most highly traveled thoroughfares, was acquired by LCP Hialeah Gardens Hospitality, LLC for an undisclosed price. CBRE Hotels represented the seller, GW Hialeah Hotel, LLC. The property was offered unencumbered by both brand and management.
COMMERCIAL INDUSTRIAL ASSOCIATION OF SOUTH FLORIDA HONORS CBRE SOUTH FLORIDA WITH THREE INDUSTRY AWARDS
The Commercial Industrial Association of South Florida (CIASF) honored CBRE with three awards at its first-ever awards program, held at Douglas Entrance in Coral Gables on March 19, 2015. The non-profit trade group honored several of South Florida’s top performers with awards, including
Feldman Equities LLC/Tower Realty Partners Reacquire Equity Position in Wells Fargo Center, Downtown Tampa
Feldman Equities LLC and Tower Realty Partners announced today that they have reacquired an equity position in Wells Fargo Center a 22-story, 390,000 square foot office tower located in downtown Tampa. The groups’ ownership interest is a joint venture partnership with an institutional investor that purchased the building late last year
CBRE Senior Associate Larry Genet was named “Rookie of the Year” at the 2015 NAIOP South Florida Awards of Excellence ceremony, held in Fort Lauderdale on March 12, 2015. NAIOP South Florida is the premier commercial real estate development organization in the South Florida area
CBRE Capital Markets’ Debt & Structured Finance team originated $19 million in financing for the acquisition of Monterrey Apartments, a 243-unit garden-style apartment community situated on more than 23 acres at 1001 Center Road in Venice, Florida
The ComReal Companies are proud to announce that Edward Redlich is now serving as President for 2014-2015 of the Society of Industrial and Office Realtors® (SIOR) Florida Chapter which is comprised of nearly 200 members. Redlich has had a leadership role with the Chapter for the past several years and was elected as President at their Fall meeting
CBRE arranges $26.5 million sale of single-tenant property occupied by kaplan university in Orlando,...
CBRE arranged the sale of a 124,500-square-foot single-tenant office property leased to Kaplan University at at 12650 Ingenuity Drive, Orlando, FL. US-based City Office REIT, Inc. (NYSE: CIO),acquired the two-story building at Central Florida Research Park from RT Ingenuity, LLC for $26.5 million. CBRE represented the seller