Redfearn Capital Acquires Delray Beach IOS Facility
The facility totals 13,790 square feet with almost 2 acres of outdoor storage.
CRE-sources’ Top 5 Most Popular Stories This Week
Here are the most popular news headlines this past week on CRE-sources.
Retail Space At Coral Gables Luxury Condo Sells For $1,000 PSF
ONE Sotheby’s International Realty Global Commercial Director Manny Chamizo III, the exclusive sales representative for Merrick Manor’s 20,000 square feet of prime ground-floor commercial space, brokered the sale.
Brothers Gain 700% On Hollywood Property In 5 Months, Net $42 Million
Memorial Healthcare System paid $49 million for the property with plans to redevelop the property into “a wellness hub.”
Sale Of Brickell Development Site Opens Door For New Housing Options
This is the firm’s second development site acquisition in greater downtown Miami within a period of eight months.
Morning Calm Forms $500M JV To Finance Office Properties
An estimated $566 billion of debt maturities are coming due across the sector over the next five years.
Universal Chilling Systems Inks Deal For 11,200 SF
Jordan Todd of United Realty Group represented Universal Chillers. Michael Waite and James Armstrong IV of The Easton Group represented the landlord, Seagis Property Group. Ronald Marrero of Seagis also worked on the deal.
Marcus & Millichap Arranges Sale Of Medical Office Building For $4.5 Million
The property consists of 1.61 acres of land and a 13,986-square-foot medical office that will be Blue Cloud Pediatric Surgery Center’s newest Florida location.
GummyWorks Inks Deal For 95,000 SF At Airport Logistics Park In West Palm
Colliers Executive Vice Presidents Michael Falk and Scott Weprin, Senior Associates Jason Weprin, Robert Dabrowski, and Associate Jonathan Temple represented the landlord, McCraney Property Company, in the deal. Managing Director and Partner David Kendall of SVN Safe Haven Advisors represented the tenant, GummyWorks, in the lease negotiations.
Sperry Commercial Global Affiliates | RJ Realty’s Ron Osborne Closes Two Property Sales Totaling $7.55 Million
“The market is a shifting from a Seller’s market to a market-in-equilibrium and depending on future interest rate increases, it could shift to a Buyer’s market,” commented Osborne. “Demand is high for all asset classes and certain property types that are harder to locate and in demand and are trading quickly at top values like the 1771 S State Road 7 property.”