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.”
CRE-sources’ Top 5 Most Popular Stories This Week
Here are the most popular news headlines this past week on CRE-sources.
Berkadia Arranges $165M Construction Loan Takeout Refinancing For South Florida’s Multifamily Development Of The Year
Berkadia Managing Directors Scott Wadler, Brad Williamson, and Matt Robbins, Senior Managing Director Mitch Sinberg, and Vice President Michael Basinski of Berkadia South Florida arranged the loan on behalf of the Miami-based sponsors.
Foreclosed Wynwood Site Sells For $26M
The approved plans included 180 residential units, 70 hotel rooms and 9,508 square feet of ground-floor retail.
Logistics Company Opens Fort Lauderdale Office, Plans To Hire 40 In 2023
CBRE’s Brian McDonnell, Bill Sheehy, and Thomas Haughton represented TransLoop in the transaction. CBRE’s John Criddle, Joe Freitas and Allie Lancashire represent the landlord, Ivy Realty.
Flagler Global Logistics’ Chris Sutton , Vivo Real Estate Group’s Carlos Velasquez Join Forces, Launch Brokerage
VSRE has also been contracted to develop apartment buildings, retail, and offices.