Archives

CBRE Capital Markets’ Debt & Structured Finance originated $13.75 million in financing for PointOne Holdings’ $17.8 million acquisition of Southwinds Stockbridge, a 240-unit multifamily residential community in the greater Atlanta, Georgia, metropolitan area. PointOne Holdings will rebrand the community as Southwinds Point

Franklin Street announces the sale of Wildwood Villa Apartments located at 600 Wildwood Way in Clearwater, Florida for $810,000. This sales price represents $45,000 per unit. Zachary Ames, Darron Kattan, Kevin Kelleher, and Robert Goldfinger of Franklin Street, represented both the seller, a private partnership based out of Tampa Bay and the buyer, a Canadian-based investor, during the transaction.

Executive Director Christopher Metzger, Executive Director Richard Etner, Jr., and Senior Director Christopher Thomson represented Saul Galinski’s MSG Dania Beach, LLC in the purchase of Bridge Development’s building. The transaction was valued at more than $22 million, or $118 per square foot.

Robert Goldfinger, Darron Kattan, Kevin Kelleher and Zachary Ames of Franklin Street represented both the seller, a private partnership based out of Tampa, and the buyer, South Tampa Apartments, LLC, an institutional real estate firm based out of Michigan, in the transaction

The six-story, 600-space garage, located at 37 South Hogan Street, opened on July 1, 2015. The garage is adjacent to the SunTrust Tower, a building acquired for $31 million in April 2015 by a joint venture between Mainstreet Capital Partners and CarVal Investors. Mainstreet Capital Partners is a Fort Lauderdale-based real estate investment and management firm and CarVal Investors is a leading global alternative investment manager

Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided four Freddie Mac small loans that total $6.5 million to refinance four separate multifamily properties located in Tampa, Florida.

Cushman & Wakefield today announced Todd Barfield and Melissa Moore have joined the firm's Central Florida operations. Mr. Barfield and Ms. Moore join Cushman & Wakefield from Barfield & Associates and will be operating out of Ocala, Florida.

Avison Young today announced the completion of the sale of Cypress Creek Tower, a 61,917 square-foot five-story office building at 800 West Cypress Creek Road in Ft. Lauderdale, Fla, which sold within just six weeks of being listed. Avison Young’s Michael T. Fay, Principal and Managing Director, Miami, and John K. Crotty, CCIM, Principal also with Avison Young, represented the seller, LNR, during the $6,037,500 disposition to COLE International Investments, LLC.

Avison Young unveiled the newly renovated Sunforest I, a 107,000 square-foot, three-story suburban office building located at 5130 Eisenhower Boulevard in Tampa’s Sunforest Business Park, which recently underwent a $5 million capital improvement initiative bringing the property to the highest standards of modernization.

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

McCraney Property Company, a leading developer of modern high-finish industrial properties, announced plans for a 1,125,330-square-foot development project, Bent Oak Phase II, to complete its Bent Oak Industrial Park. The success of its 703,920 square foot Bent Oak Phase I, comprised of two class A industrial buildings on 39 acres, prompted the company to purchase the directly adjacent 66 acres – the largest remaining parcel of land at the intersection of Taft Vineland Road and the Florida Turnpike in Orange County – for the construction of the new development

East Flagler Holdings LLC has purchased a 2-story Miami retail property, dubbed Rick’s Building, located at 226 E. Flagler Street in Downtown Miami. The buyer, Danny Lavy, a saavy Canadian entrepreneur and real estate investor, recently purchased the Flagler Building across the street from Rick’s Building at 219 East Flagler Street.

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.

Wynwood Gardens, a 50-unit property at 2000 NW 5th Place and an 115,000-square-foot lot, which carves a gateway access from Mana’s Wynwood assemblage to 20th street and the Hospital District.

CapasGroup Realty Advisors, an investment sales organization specializing in the marketing and disposition of investment properties, announced today the $2.95 million sale of a 34,812 square foot, 100 percent leased office-flex building located at 1700 NW 65th Avenue within the Plantation Technology Park in Plantation, Fla. Brad Capas, President of CapasGroup, represented the seller, Recom Plantation, LLC, a Miami-based private investment entity, during the sale to Beachway Apartments, Inc

Matilde Sorensen of Dale Sorensen Real Estate, Inc. was named one of America’s top real estate professionals by REAL Trends, as advertised in The Wall Street Journal. She is now a member of The Thousand Top Real Estate Professionals, a prestigious national awards ranking sponsored annually by the two respected publications. Sorensen is now ranked in the top one half of 1 percent of the more than 1,100,000 REALTORS® nationwide. The Thousand real estate professionals was announced on June 26, 2015, with four separate categories honoring the top 250 residential agents and agent teams for excellence in

Buying Miami pre-construction condos has a number of perks. More people and investors are learning that they can purchase new construction projects and at lower prices by investing in the early phases of the plan, otherwise known as off-plan. Sterling Luxury Real Estate is collaborating with top-tier developers of Miami pre-construction condos that offer the finest in luxury amenities and waterfront developments from sunny Miami Florida to the tropical getaway of Sunny Isles

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.

Cushman & Wakefield announced today that it has opened its eighth location in the state of Florida. The office, which will house seven Valuation & Advisory professionals and two support staff, is located in the Royal Palm I building at 819 South Federal Highway in Stuart, Florida