CRE-sources’ Top 5 Most Popular Stories This Week
Here are the most popular news headlines this past week on CRE-sources.
Class AA Office Tower Trades Hands In Broward’s Second $200M+ Transaction In Two Days
Lone Star Funds announced that an affiliate of Lone Star Real Estate Fund VII, L.P., along with an affiliate of Highline Real Estate Capital LLC and Square2 Capital LLC, acquired the asset, marking the most significant office acquisition in Broward County in the past decade.
Las Olas Centre Trades For $442 PSF
The deal marks the first time in nearly a decade that a Fort Lauderdale office building has sold for over $200 million.
Terra Breaks Ground On $1 Billion Mixed-Use Development In West Miami-Dade
The 47-acre transit-oriented community marks the largest public-private partnership in Miami-Dade County history.
BH Group, PEBB Enterprises, Related Group Obtain Final Site Plan Approval For 6600 N Military Trail
The approved site plan encompasses over 405,000 square feet of office space in two buildings, four new retail and restaurant outparcel buildings totaling nearly 43,000 square feet, a nearly 37,000-square-foot luxury fitness facility and 500 multifamily units.
San Francisco-Based Software Company Secures 30,000 SF In Coral Gables
The office is set to open on March 5.
Housing Trust Group Breaks Ground On $185M Mixed-Use Development In Miami
Spanning more than 698,000 total square feet, Rainbow Village will include 310 affordable housing units, almost 12,000 square feet of retail, more than 50,000 square feet of amenity space, and 442 parking spaces.
CBRE’s South Florida Healthcare Team Gains Traction, Tapped To Lease Another Medical Office Building In Broward County
Christopher Dubberly and Jacob Sanchez with CBRE’s South Florida Healthcare team in Fort Lauderdale are leasing the property on behalf of the owner and manager, CoreGro.
Pharmaceutical Provider Relocates Corporate HQ From New Jersey To Broward County
The lease deal marks an increase of 122,794 square feet for the the company and its subsidiary. Combined, they now occupy a combined total of 166,794 square feet across three locations within the Park.
EML Realty Partners Acquires Six-Property Florida Industrial Portfolio
The portfolio is strategically located across key industrial hubs, totaling 40,606 square feet of RBA and sitting on 6.3 acres.