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Wyndham Vacation Ownership Hosts “Dream Destinations” Sweepstakes
Wyndham Vacation Ownership (WVO), the world’s largest vacation ownership company and a member of the Wyndham Worldwide family of companies (NYSE: WYN), is inviting travelers to vote for their favorite “dream destination” of 2015 during the Dream Destinations Sweepstakes now through June 24, 2015 for the chance to win a five-night vacation package with a retail value of up to $3,000.
CBRE SELLS 26,340-SF, MULTI-TENANT SHOPPING CENTER
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
E-RETAILERS GIVE CENTRAL FLORIDA INDUSTRIAL MARKET BIG BOOST, ACCORDING TO CBRE REPORT
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
Lake County’s Housing Services to relocate to new office in Tavares on June 8
Beginning Monday, June 8, Lake County’s Housing Services will be permanently relocated to a new office in the Citrus Rail Plaza, located at 2008 Classique Lane, Tavares. All services formerly offered at the previous office on Sinclair Avenue will be moved to the new location. This includes Section 8, home ownership and repair assistance, CDBG and SHIP assistance.
CBRE ARRANGES $3.5 MILLION REFINANCING FOR NEW DELRAY BEACH WALGREENS
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.
Coup Joins C&W’s Agency Leasing Team in Tampa
Coup joins the existing team of Senior Director Mercedes Angell, Senior Director Paula Buffa, Senior Director James Moler, Director Jeff Lanning, Director Barry Oaks, and Associate Brian Breeding – all operating under the auspices of Managing Director of Investor Services Tim Rivers.
C&W Announces $166 Million in April Transactions
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 CLOSES $29 MILLION SALE OF ORLANDO APARTMENT COMMUNITY
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.
MODERNIZATION UNDERWAY AT BOUTIQUE TAMPA OFFICE TOWER
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.
PRIME CIGAR & WHISKEY BAR SIGNS LEASE IN BRICKELL
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
DOWNTOWN MIAMI RETAIL BUILDING TRADES FOR $27.2 MILLION
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
Stiles Sells Landmark Office Asset on Brickell Avenue for Record Price in Miami, FL
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.
Pinnacle Awarded Management of Pure Living Heathrow
Pinnacle, one of the nation’s leading multifamily management firms, announced today it has been awarded the management of Pure Living Heathrow, a 252-unit luxury community in Heathrow, Fla., a northern suburb of Orlando. The property’s premier location at 740 Savory Place offers resort style living with desirable access to entertainment, restaurants, shopping, and major employment centers in one of central Florida’s most exclusive areas.
The Duncan Duo Named the Official Real Estate Agents for the Tampa Bay Lightning
The award-winning team, which is the number one RE/MAX team in Florida and the number eight RE/MAX team in the nation for sales production, has been personally endorsed by real estate mogul and Shark Tank regular Barbara Corcoran. They’ve also been endorsed on radio by other local and national celebrities – Jack Harris, Ron Diaz, Dave McKay and Glenn Beck to name a few.
EAST COAST PORTS GAINING GROUND, ACCORDING TO CBRE’S “NORTH AMERICA PORTS LOGISTICS ANNUAL REPORT”
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 ARRANGES $54 MILLION SALE OF MULTIFAMILY COMMUNITY IN CENTRAL FLORIDA
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
CBRE PARTNERS WITH REBUILDING TOGETHER TAMPA BAY TO HELP FAMILY IN NEED
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
Ameriprise Financial Announces Agreement to Acquire Retail Assets of JHS Capital Advisors
Ameriprise Financial (NYSE: AMP) today announced it has signed a definitive agreement to acquire the retail assets of JHS Capital Advisors (“JHS”), an independent broker-dealer and investment advisor based in Tampa, Fla.
CBRE ARRANGES SALE OF LUXURY MULTIFAMILY COMMUNITY IN EAST ORLANDO
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.