Featured News

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Media Realty Closes Off-Market Sale Of 10-Building Mid-Core Apartment Portfolio

The sale price equates to $136,750 price per unit; $200 per square foot; and a 4.8% capitalization rate.
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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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Franklin B. Morrison Negotiates Sale Of Five-Building Small Bay Warehouse Portfolio To Investor

The sale was a classic value-add opportunity with rents at 10-20% below market for small bay warehouses.

Bridge Industrial Further Expands Its South Florida Asset Services Team With Two New Hires

Bridge’s growing South Florida asset management portfolio currently spans 5 MSF+ of Class-A industrial space.
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Other Industry News

Global Coworking Operator Signs 30,000 SF Lease For Entire Floor At The Gateway at Wynwood

The Gateway at Wynwood was represented by Colliers’ Executive Managing Director Stephen Rutchik, Managing Director Tom Farmer and Director Tyler de la Pena in the office lease transaction.

Cushman & Wakefield Arranges $29.7M Refinancing Loan For Delray Central Office Portfolio

Jason Hochman and Ron Granite of Cushman & Wakefield’s Equity, Debt & Structured Finance team secured the loan through Ameris Bank.

Sunbeam Proposes 7.3 MSF Project

Under the proposed special area plan, Sunbeam Properties would build 1,936 residential units, including 117 units of workforce housing, 870,000 square feet of office/retail space, a 112,500-square-foot hotel with about 300 rooms, and about 5,000 parking spaces.

Franklin Street Arranges $15.5M Sale Of 1.24-Acre Development Site In Hollywood Beach

Franklin Street’s South Florida Investment Sales Team of Greg Matus, Adam J. Tiktin and Alex Lazo represented the seller, GSK Hollywood Development Group, LLC.

Blanca Commercial Real Estate Lists Austin Burke Building For $9.1M

This 11,423 square foot building has unparalleled exposure from I-95 as well as convenient access from I-95, and is zoned “D-1”, allowing the future owner to capitalize on benefits designated under the Neighborhood Revitalization district which permits development of up to a ten-story building.

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