Press Releases

CBRE Capital Markets’ Debt & Structured Finance originated $5.5 million in refinancing for Gardens Industrial, a 111,100-square-foot asset located on 5.2 acres at 18227-18255 & 18331-18389 NE 4th Court in North Miami Beach, Florida.

CapasGroup Realty Advisors, an investment sales organization specializing in the marketing and disposition of investment properties, is pleased to announce the hiring of Elias “Eli” Polsky as Financial and Marketing Associate. The expansion of the team is a direct result of increased business volume, and comes on the heels of several transactions completed by the firm in the past six months, including several land sales in West Palm Beach’s Curry Park Corridor.

Year-over-year market statistics for July 2015 reported accelerated demand for single family homes in Palm Beach County. Closed sales rose 19.5 percent from 1,515 to 1,810 transactions, and median sale price rose 3.3 percent from $280,000 to $289,250. Meanwhile, median days on market dropped a significant 30.9 percent from 55 to 38 days. As for inventory levels, they continued to decline, down 6.7 percent from 7,246 to 6,761 active listings and down 21.6 percent from 5.7 to 4.5 months’ supply.

Kristopher G. Wagner, P.A., Director, Commercial Sales with Keyes Commercial Real Estate Company, negotiated the sale of Kona Kai Resort, Gallery & Botanical Gardens, located at 97802 Overseas Highway in Key Largo, Florida

Jacque Huttoe and James “Chip” Black of The Huttoe Group at Berkshire Hathaway Florida Realty Commercial, announce the sale of 283 Catalonia Avenue in Coral Gables, Florida. The 1955-built, signature 2-story building, which totals 22,209 square feet, is situated on a 12,000-square-foot lot and adjacent to three 4,000-square-foot lots, which serve as on-site surface parking for the property.

MetWest International is adding Thai Prime to its already impressive line-up of restaurants at its retail center across from International Plaza and Tampa International Airport. Thai Prime is a local restaurant known for its authentic Thai cuisine and is slated to open in the fall. It will offer 176 seats, a full liquor bar and outside seating

Dave Donnellan has been named Senior Vice President. A Fort Lauderdale-based senior member of CBRE’s Investment Properties group, Mr. Donnellan focuses on the sale of shopping centers and single-tenant net-leased investments in southeast Florida. He has successfully represented many of the region's high-profile developers and private investor groups in the acquisition and disposition of their retail property assets.

CBRE arranged the sale of a prime downtown development site at 100 E. Las Olas Blvd. in the heart of the main business corridor of Fort Lauderdale, Florida. The 0.88-acre property was acquired from SVP Las Olas Limited Partnership by Kolter Acquisitions, LLC for $17.25 million.

Cushman & Wakefield announced today that it has brokered the sale of Westshore Center, a 216,410-square-foot, Class A office building in Tampa, Florida. Executive Director Mike Davis, Senior Director Rick Brugge, and Senior Director Michael Lerner represented an institutional owner in the transaction. The buyer was Roseview-PMRG Fund I, LLC, a joint venture between The Roseview Group and PM Realty Group (PMRG)

Inc. has announced that RE/MAX Dynamic-The Duncan Duo & Associates has earned the position of 561st on the 2015 Inc. 5000 list of fastest-growing private companies in America. They were one of only 159 real estate firms in the nation to appear on the Inc. 5000 and the fastest growing residential real estate sales firm in Tampa Bay. Past companies to make the prestigious list include Microsoft, Oracle and Zappos. This is the second consecutive year RE/MAX Dynamic has made the list, jumping nearly 500 places from the 2014 list in the No. 1,052 spot

Banker Lopez Gassler P.A. is relocating its downtown St. Petersburg office to First Central Tower later this year. The law firm has leased a full floor, 15,296 square feet, at the building. The long term lease was brokered by Mia Jarrell of Colliers International.

CBRE Capital Markets arranged the sale of Hidden River Grande Apartments, a 212-unit waterfront rental community in Tampa, Florida to San Diego-based The Focus Group for $8.3 million. The complex is located at 8024 Hidden River Drive on the Hillsborough River. CBRE represented the seller, NR Investments, in the transaction.

CBRE arranged the sale of Venture Corporate Center, a three-building office community located at 3440 Hollywood Blvd. and 200-300 S. Park Road in Hollywood, Florida. The property, which is improved with three office buildings totaling approximately 253,000 rentable square feet, was acquired from MetLife Real Estate Investors by Dividend Capital Trust

Cushman & Wakefield announced today that it has brokered the sale of Forum Corporate Park II, a 60,777-square-foot Class A office building in Fort Myers, Florida. Senior Director Rick Brugge, Executive Director Mike Davis, Senior Director Michael Lerner, and Songy Highroads Regional Director Robert Brooks represented ownership in the transaction. Holden Properties was the buyer.

CRE Rauch Lupo Robertson, a CRE Florida Partners Company, is pleased to announce the addition of David Walsh to its South Florida team. Walsh has joined CRE as a Multifamily Specialist in our Boca Raton office as Senior Investment Associate. In his new role, Walsh will lead and build the firm’s multi-family businesses in South Florida

CBRE is pleased to announce that José Lobón has been promoted to Vice President. Lobón, who joined CBRE in 2011, is a member of CBRE’s Capital Markets, Institutional Properties team based in Miami. He helps advise many of the largest U.S. real estate investors on their investment, disposition and capitalization strategies.

CBRE has arranged the sale and financing of Rivergate Tower, a Class A, 515,965-square-foot iconic office building located at 400 North Ashley Drive in Tampa, Florida, for an undisclosed price. The sale of Rivergate Tower is the third recent Tampa CBD office tower sale that CBRE has brokered in the last year, following Wells Fargo Plaza and Fifth Third Center.

Cushman & Wakefield announced today that it has assisted Bridge Development Partners in its efforts to acquire and develop more land for Bridge Point Crossroads (BPC), the Chicago-based developer’s latest industrial project in Hialeah Gardens, Florida.

Cushman & Wakefield announced today that Director John K. Criddle has brokered ±30,000 square feet of new office leases at Cypress Executive Center, a six-story, 140,635-square-foot office building located at 1901 West Cypress Road.

CBRE arranged the sale of University Commons, a 79,998-square-foot, multi-tenant retail center located at 6702-6852 N. University Drive in Tamarac, Florida. Bar Invest Group, Inc. purchased the property for $10,700,000. The seller was University Commons, LLC, affiliated with Boca Raton-based Pebb Enterprises, which hired CBRE to market the asset for sale and negotiate the transaction