CRE-sources’ Top 5 Most Popular Stories This Week
Here are the most popular news headlines this past week on CRE-sources.
Here are the most popular news headlines this past week on CRE-sources.
A long-standing 44,000-square-foot tenant at the 515,000-square-foot Lauderdale Lakes Industrial Park, which is managed and leased by Levy Realty Advisors, purchased the building.
CBRE Executive Vice President Robert Smith, Senior Vice President Kirk Nelson and Executive Vice President Jeff Kelly have been named exclusive leasing agents for the project.
Bank of America purchased the asset on behalf of a client, and JLL will lease the property for the new owner.
The deal marks a 12,000-square-foot expansion.
Here are the most popular news headlines this past week on CRE-sources.
The tenant will occupy the space at 6750 NW 79th Avenue in Miami.
“The industrial leasing activity remains solid as we enter 2021,” said Waite. “Now that we’ve rolled out a COVID vaccine in South Florida, I suspect business and consumer confidence will only get stronger providing lots of new opportunity in the commercial real estate market.”
Miami-Dade County’s Office of the Property Appraiser announced on Thursday that it will consider landlords’ financial losses when assessing 2021 fair market values.
The acquisition increases the company’s South Florida portfolio to 101 buildings totaling over 5.2 million square feet.