Property, Rentals, Transactions

CBRE has been selected by DCT Industrial (NYSE:DCT) as exclusive leasing agent for the newest Class A warehouse development in Miami’s Airport West submarket. DCT Commerce Center II will be developed as three free-standing buildings totaling ±430,000 square feet. The project shall be located between NW 129th and 130th Avenue and NW 12th and 17th Streets, directly across the street from DCT Commerce Center I, a two-building, 334,000-square foot project built in 2012.

Fort Lauderdale-based Stiles announced today it has closed on Sunrise Corporate Plaza, a three-story Class A suburban office property located in Sawgrass International Corporate Park in Sunrise, FL, one of South Florida’s largest and most successful business parks. Developed in 1999, this institutional quality asset is currently 100% leased and encompasses 106,648 rentable square feet on nearly eight acres

CBRE has arranged a 10-year lease for a printing company at the Fort Lauderdale Commerce Center. MOR Printing signed a lease for 24,490 square feet at 3585 NW 54 Street in Fort Lauderdale, Florida. CBRE represented the landlord, Industrial Income Trust, in the transaction.

Gulf Coast International Properties is pleased to announce the sale of 1340 Gulf Shore Blvd. S. in Olde Naples for $8,400,000. Andrew Arreola and Tim Savage represented the buyer. This rarely available, private beachfront lot (100 x 230 x 100 x 237) in the heart of Olde Naples offers a secluded location in the middle of the block with a 20’ x 167' access driveway from Gulf Shore Blvd. S. A survey along with architectural renderings and floor plans for a custom contemporary residence are available.

Douglas Elliman Commercial Division Associate and CCIM Miami District Director Mitash Kripalani, CCIM negotiated the sale of a 27-unit multifamily asset for $4.25 million, or approximately $157,400 per unit

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 11 at the Rural King parking lot, located at 1715 Citrus Blvd., Leesburg.

Beginning Monday, June 22, the Lake County Public Works Department will relocate from the office at 437 Ardice Ave. in Eustis to the downtown Tavares government campus.

Cushman & Wakefield announced today that the brokerage team of Director Julia Rettig, Director Jeff Lamm, Associate Director Jared Bonshire, Senior Associate David Perez, and Executive Director Mike Davis has been selected by a joint venture of Ridge Development and AEW Capital Management to market the 490,000-square-foot Lakeland Logistics Center in Lakeland, Florida.

U.S. Rep. Ileana Ros-Lehtinen (R-FL), Chairman of the Subcommittee on the Middle East and North Africa, made the following statement regarding the defeat of the Lee Amendment to the Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, which would have repealed language that prohibits any new regularly scheduled flights or cruises to Cuba if they use illegally confiscated American property. The Lee Amendment was defeated by a margin of 247 – 176

Association Law Group (ALG), one of Florida’s leading HOA and condominium law firms with offices in Miami and Ft. Lauderdale, has recovered close to $125,000,000 for its clients in past due maintenance fees and other liabilities since the recession first began. During the peak of the financial crisis, many HOAs and condominiums found themselves in desperate times as delinquencies skyrocketed and owners stopped paying their maintenance fees, in many cases abandoning bad investments they made, while leaving the rest of the homeowners in such properties holding the bag

CBRE arranged the sale of Town Center I in Opa-locka, Florida. The 80,000-square-foot mixed use asset was acquired from JWV Florida Properties LLC by the City of Opa-Locka for $7.9 million. CBRE represented the seller in the sale

South America’s largest nation continues to be the top foreign country searching for South Florida real estate on the MIAMI Association of REALTORS® (MIAMI) website, according to new statistics from the nation’s largest local Realtor group. For the 11th consecutive month, Brazil led all global consumers using MIAMI’s search portal, Miamire.com, in April 2015.

Hunt Mortgage Group, a commercial real estate lender, announced today that that it has opened an office in Fort Lauderdale, Florida, located at 110 SE 6th Street on the 17th Floor.

A mixed-use team of capital markets professionals from CBRE’s Tampa and Atlanta offices has been retained as the exclusive advisors for Redstone Investments, the new owners of Tampa, Florida’s Austin Center. The CBRE team includes Jay O’Meara, Dale Peterson, Dave Conn and Sean Williams – a combination of capital markets experts focused on office, retail and multifamily

CBRE launched its global Urban Photographer of the Year competition with the theme, “Cities at Work.” Now in its ninth year, the competition continues to attract photographers from around the world. This year the contest challenges photographers to capture what urban means to them in an ever-changing global landscape. The competition is free to enter and open to both professional and amateur photographers.

The MIAMI Association of REALTORS® (MIAMI), the nation’s largest local Realtor association with 35,000 members, promoted South Florida real estate to Asian luxury buyers at China’s leading property showcase last month. MIAMI participated in the ninth annual Luxury Property Show Beijing show from April 24-26 at the prestigious Legendale Hotel Beijing

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 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

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

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.