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Miami Association of Realtors, The Nation’s Largest Local Realtor Association Hires Ana Maria Rodriguez...
The MIAMI Association of REALTORS® (MIAMI), the nation’s largest local Realtor association with 35,000 members, is pleased to announce its latest staff addition, Ana Maria Rodriguez as Vice President of Government Affairs
Miami Single-Family Home Sales and Prices Rise in April
Miami’s single-family home market registered its most robust sales month since December, and median sales prices for all housing types rose in April, according to a new report by the 35,000-member MIAMI Association of REALTORS® (MIAMI) and the local Multiple Listing Service (MLS) system.
Castros Must Settle U.S. Claims for Seized Private Property Before Normalizing Relations
“Insisting that the Castros pay back Americans for property they stole should be non-negotiable in any talks to normalize relations with Cuba,” Rooney said. “It’s bad enough that, if the President gets his way, American trade and travel dollars will be used to prop up the Castro regime and repress the Cuban people. The least we can do is make sure those profits aren’t earned on property stolen from American citizens and businesses and never settled.
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.
CFO Atwater Delivers $27,000 Unclaimed Property Check to Palm Beach County Resident
This morning, Chief Financial Officer Jeff Atwater hand-delivered an unclaimed property check for more than $27,000 to West Palm Beach resident Michael Weber. This check delivery occurred in concert with the Department of Financial Services’ Bureau of Unclaimed Property returning $1 billion under the leadership of CFO Atwater
IN CASE YOU MISSED IT…WPTV: “Florida’s unclaimed property program returns $2.5 billion to rightful...
"Florida's unclaimed property program returns $2.5 billion to rightful owners since 1961". The state is working to reunite Florida residents with their unclaimed property, and that includes, cold, hard cash!
Florida Unclaimed Property Program Nearing $1 Billion in Returns Under CFO Atwater’s Leadership
The Department of Financial Services’ Bureau of Unclaimed Property will soon cross a record-breaking threshold of $1 billion in funds returned under the leadership of Chief Financial Officer Jeff Atwater. This remarkable program milestone is due to extensive proactive outreach efforts aimed at reconnecting lost valuables and unclaimed funds held in dormant accounts with their rightful owner. This $1 billion in returns during CFO Atwater’s tenure represent nearly 40% of all funds returned during the program’s 50-year history
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.