And The Winner In The Bid For Miami Tower Is…
Looks like Miami Tower will have a new owner by the end of the year, with a winning bid of about $120 million.
Tibor Hollo Poised To Start New Project
Tibor Hollo is close to beginning construction on the first post-downturn mixed-use development.
Broward's Largest Blocks-November 2010
With the average deal in South Florida hovering around 3,000-4,000 square feet, there’s not much affecting Broward’s largest blocks of contiguous space. November’s list features a great mix of properties – all classes, new and old, CBD and suburb. CHECK THEM OUT
Inventory Update-November 2010
Plenty of activity in the lower two-thirds of our tri-county market, but Palm Beach County didn’t make an appearance in the top 10 Inventory Reductions list. FULL REPORT
Procacci Achieves Zurich Certification
Procacci Development Corporation, a full service real estate developer based in Boca Raton, has achieved Zurich Insurance HPR (Highly Protected Risk) certification. Procacci earned this certification by exceeding standards created to allow both structures and businesses the ability to weather significant storm events and sustain stability.
Norm Adams/Liz Glaria Sign 21,000 sf Expansion
Stiles Realty announced today that Guarantee Insurance has signed a five-year lease expansion for 21,000 square feet of office space at the 408,079-SF Las Olas City Centre in downtown Ft. Lauderdale.
Benson Closes 34,000sf Deal
Lance A. Benson, Vice President, Grubb & Ellis Tenant Advisory Group, represented Independent Living Systems, a healthcare management services company, in a long-term lease of 34,080sf at 5201 Blue Lagoon Drive in Waterford at Blue Lagoon.
Michael Rauch Opens Boutique Firm
Commercial real estate broker, property manager and investor, Michael W. Rauch, has opened a new boutique brokerage, investment and property management firm, Rauch, Hartman, Sherer & Co., Chartered Commercial Real Estate Advisors, located in Boca Raton.
Marcus & Millichap Keeping Busy
Marcus & Millichap has announced the sale of three properties in South Florida, including two office buildings, a shopping center and a multifamily property, totalling just over $15 million.
Commercial Florida Leases 30,000 SF at Hillsboro Center-Office Tower
Dart Container Sales Company expanded and extended its lease for a total of 23,191 square feet and Your Home Advantage expanded its lease at the complex by 4,003 square feet to 6,483 square feet. With these two recent transactions Hillsboro Center–Office Tower is now 89 percent leased.