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CBRE Sells 22.7-Acre Industrial Service Facility ISF Megasite For $59 Million

CBRE’s Larry Genet, Tom O’Loughlin, and Noah Ohayon negotiated the sale.
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CRE-sources’ Top 5 Most Popular Stories This Week

Here are the most popular news headlines this past week on CRE-sources.
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CRE-sources’ Top 5 Most Popular Stories This Week

Here are the most popular news headlines this past week on CRE-sources.
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Redfearn Capital Acquires Two Florida Industrial Assets For $23 Million

“These two industrial assets offer an exceptional value-add opportunity in both of these booming industrial markets,” commented Alex Redfearn, Principal and Founder of Redfearn Capital. “Our team was able to secure both properties off market and execute in a challenging economic environment.”
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Bridge Industrial Acquires Two Miami Gardens Industrial Facilities Totaling ±124,000 SF

Bridge plans a multi-million dollar reinvestment to upgrade the facilities and rename them Bridge Point Palmetto Lakes.
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Other Industry News

Fintech Company Relocating From Las Vegas

The move will result in the creation of 100 new job opportunities within the next three years.

Meyers Accesso Secures $46.2 Million Construction Loan For 200-Unit Upscale Multifamily Community

Pre-leasing at the project is slated to launch in spring 2025, with construction expected to be completed shortly thereafter.

Procacci Sells Development Site Near Dolphin Mall for $38M

Procacci has owned the land since at least 2013.

International Freight Forwarder Expands Footprint In South Florida

Cresa Miami's Jeff Hartsook and Adam Talbot represented OnBoard Logistics USA in the transaction. Vivo Real Estate's Raul Estrada, Carlos Velasquez, Raydel Enriquez represented the landlord, SFLC Industrial Owner.

Transwestern Promotes Carlos Gaviria To SVP Of Industrial Services In Miami

His recent transactions include representing Terreno Realty Corporation in the off-market purchase of a 6.72-acre industrial site in Medley for $20 million and subsequently negotiating a 10-year lease for the full facility with a national credit tenant on behalf of Terreno.

Tricera Capital, LNDMRK Land 3 New Tenants To Occupy Nearly 14,000 SF At Society Wynwood

In partnership with Society Wynwood developers PMG and Greybrook Realty Partners, Tricera and LNDMRK are forward-purchasing over 32,000 square feet of ground floor retail at the project.

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