CRE-sources’ Top 5 Most Popular Stories This Week
Read on for the most popular news headlines this past week on CRE-sources.
Bridge Signs Second Tenant At Bridge Point Doral As Phase I Nears Completion
A Miami-based importer and distributor of Latin American snack products will consolidate its two existing South Florida operations in Building 1 at Bridge Point Doral, signing a 32,478-square-foot, long-term lease.
ComReal Announces Marketing Of 40-AC Site Fully Entitled For Truck Terminal Logistics’ Hub and Inland Port With Potential Rail Service
Positioned directly off the Dolphin Expressway (SR 836) near NW 137th Avenue, the site is fully entitled for both an inland port operation and up to 90,000 square feet of truck terminal build out— an opportunity that doesn’t exist anywhere else in the Tri-County area at this scale.
Institutional Property Advisors Facilitates Sale Of Class A Office Building In Boca Raton
“The building was 84% leased at the time of sale, and with approximately 40% of the rentable square footage set to roll over in the next four years, new ownership has a compelling opportunity to drive significant net-operating income growth over the next decade,” said Douglas Mandel, IPA executive managing director investments.
Hersh Equity Group Acquires 118,500 SF Industrial Portfolio In Miami, Port St. Lucie
The properties are currently 90% occupied with short-term leases and rents that lag the market by 60%–80%.
Olympus Property Expands Florida Portfolio With Miami Health District Apartment Acquisition
The acquisition marks Olympus’ first asset in Miami and reflects the firm’s expansion into one of South Florida’s leading employment districts.
MMG Equity Partners Secures $38 MIllion Refi For Four South Florida Retail Centers
The four properties total 127,826 square feet and were purchased between 2018 and 2020 for a combined total of $28,900,000.
Developer Scores Final Approval For South Florida’s Biggest Live Local Act Project
Spanning 509,447 square feet on approximately 12 acres, The HueHub will feature seven striking 35-story towers comprised of 4,032 thoughtfully designed and furnished residential units.
CRE-sources’ Top 5 Most Popular Stories This Week
Read on for the most popular news headlines this past week on CRE-sources.
Berger Commercial Realty Represents Buyer In $34 Million Off-Market Acquisition Of Miramar Parkway Plaza
Lawrence Oxenberg, Vice President at Berger Commercial Realty, represented the buyer in the transaction. Berger has been retained by the new ownership to lease the property.