Yearly Archives: 2015

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.

David Olalde of Easton represented the buyer, 7640 Carlyle Associates, LLC, who paid $3,470,000 for the property.The buyer is a private investor from New York City that owns about 250 residential units in the metropolitan area

Representing Florida’s Realtors and the interests of the state’s real estate industry, Florida Realtors® President Andrew Barbar and CEO Bill Martin are back from a recent trade mission in France with Gov. Rick Scott and key business leaders. The group met with French companies and individuals to emphasize the affordability and opportunities for real estate investment in Florida and to show “Florida is a great place to do business.”

“For the 9th consecutive month, St. Lucie County has seen a double digit increase in median sale price of single family homes. Both buyers and sellers are benefiting from this significant boost in our market indicators. Sellers are motivated by the steady equity increase being recuperated, and buyers gain the advantage of our reasonably priced homes compared to surrounding areas. St. Lucie County is poised for major growth and re-development.” ─ Kathy J. Slusser, Northern Vice President of the Realtors® Association of the Palm Beaches (RAPB).

The Palm Beach County market has accelerated, according to year-over-year statistics for May. For single family homes, median days on market dropped a whopping 25.0 percent (56 to 42 days), and closed sales bumped up 6.0 percent (1,640 to 1,739 transactions). Median sale price rose 4.8 percent from $281,900 to $295,000, falling just below the $300,000 mark we broke the previous month

“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”.

Florida Chief Financial Officer Jeff Atwater today announced the arrest Thomas Harry Penquite and Maria Lourdes Gutierrez, both of West Palm Beach, after an Office of Fiscal Integrity investigation discovered that the two allegedly concocted an elaborate scheme designed to steal more than $730,000 from the state of Florida’s unclaimed property program

Mayor Bob Buckhorn released the following statement today following Governor Scott’s signing of the 2015 state budget. This year’s budget included funding critical to the relocation of the University of South Florida (USF) Morsani College of Medicine to downtown Tampa.

Tightening inventory continued to impact Florida’s housing market in May, according to the latest housing data released by Florida Realtors®. Realtors across the state reported rising median prices and fewer days on market for both existing single-family homes and for townhouse-condo properties. Closed sales of existing single-family homes statewide totaled 24,789 last month, up 7.7 percent over May 2014

Israeli businessman Moishe Mana has purchased a 6,000-square-foot Flagler Street retail property, located close to the corner of East Flagler and NE 1st Avenue. The building, 110 East Flagler, situated on a 6,194-square-foot parcel, was fully occupied at the time of purchase, including tenants 7-11 and Optimy Stik Eyewear.

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 retained as the exclusive advisors for a 1,400-acre development site named “Lakeside Station,” located on the southeast corner of Park Road and US-92 in Plant City, Florida, approximately 15 minutes outside of Tampa. The business park is currently home to significant users. The landowners are looking to re-introduce the rest of the property to current users in the market.

McCraney Property Company, a leading developer of modern high-finish industrial properties, secured a new lease for 99,214 square feet 60 days prior to Certificate of Occupancy (CO) at Bent Oak Industrial Park, Building 200, in Orlando, Fla. The transaction with Shepard Exposition Services, an Atlanta-headquartered national event service enterprise focusing on trade shows and experiential marketing, represents a relocation and expansion within the Central Florida market

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.

As part of the City of Tampa’s Downtown Utility Capital Improvement Projects (UCAP), the intersection of W. Fortune St. and N. Macinnes Place will be closed beginning June 23, 2015. Flagmen will be present to guide motorists through the construction work. The intersection will re-open Tuesday, June 30, 2015.

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.

Gulf Coast International Properties is pleased to announce the sale of 2916 Indigobush Way in Grey Oaks for $2,976,500. Mary Yon represented the seller. This Old Florida style home with more than 6,100 sq. ft. of A/C living space on one level in Grey Oaks is a rare find. Every room is generously proportioned with a huge open kitchen/family room concept which has a lake view and opens directly onto the lanai, full outdoor kitchen, pool and spa.

To engage residents in community life and create incentives for talented people to live and stay in Miami, the John S. and James L. Knight Foundation today announced $250,000 to support the development of a master plan for The Underline, a proposed 10-mile linear park and urban trail beneath the Miami-Dade County Metrorail. Friends of the Underline, a nonprofit group leading the initiative to transform the underutilized land, will further use the support to engage the public in the design and implementation of the project.

The Lake County Solid Waste Division is encouraging Lake County residents to dispose of toxic materials in a safe and environmentally sensitive way at an upcoming Household Hazardous Waste Collection event. The County’s Household Hazardous Waste Mobile Unit will be on site from 9 a.m. – noon on Thursday, June 25 at the Walmart parking lot, located at 17030 U.S. Highway 441 in Mount Dora

Orlando’s housing market is riding its traditional summertime wave of home sales — fueled in part by both low interest rates and more inventory — and posted positive numbers for the month of May. Sales of existing homes increased 10 percent while the median price also increased 10 percent when compared to May of 2014, reports the Orlando Regional REALTOR® Association.