Miami Vacancy Hits 2-Year Low While Coral Gables Expects Increase

The vacancy rate for the Miami-Dade office market fell to its lowest level since the second quarter of 2009, when vacancy measured 16.1 percent, while the Coral Gables office market vacancy is expected to reach 25%measured 14.0 percent during the same time period. CLICK ON THE HEADLINE FOR MORE ON THIS STORY

US Postal Service Building Sells For $6 Million

Kristopher Wagner and John K. Crotty of Colliers International South Florida represented seller TIC Properties in the transaction. CLICK ON THE HEADLINE FOR MORE ON THIS STORY

Coral Springs Office Building Sells At 12% Cap Rate

The building was traded in an off-market transaction. At the time of closing, occupancy was at 91%. CLICK ON THE HEADLINE FOR MORE ON THIS STORY

Penn-Florida Signs 25,215 SF In Boca

The transactions leave the Boca Raton office building 90% occupied. CLICK ON THE HEADLINE FOR MORE ON THIS STORY

Another New Restaurant Comes To South Florida

Beacon Hill Property Group was pleased to represent the restaurant with their first South Florida location in a 10-year deal. CLICK ON THE HEADLINE FOR MORE ON THIS STORY

Inventory Update – June 2011

Miami-Dade reports over 200.000 square feet in Inventory Reductions. CLICK ON THE HEADLINE FOR THE TOP 10 INVENTORY REDUCTIONS AND ADDITIONS

A Trifecta For Brickell Foodies

With the signing of three new restaurant leases, the 1450 Brickell/One Broadway block will have a total of eleven restaurants. CLICK ON THE HEADLINE FOR MORE ON THIS STORY

Tenant Takes Half Of Las Olas Office Building

The ten-year deal more than doubles the space they currently lease. CLICK ON THE HEADLINE FOR MORE ON THIS STORY

Konover Closes 8 Retail Leases

In addition to its ownership of 11 Florida shopping centers, Konover South’s third-party management and leasing division now stands at nearly 1.5 msf. CLICK ON THE HEADLINE FOR MORE ON THIS STORY

Forever 21 Takes 25,600SF In Miami

Senior Commercial Associate Kristopher Wagner with Colliers and Michael Comras with Comras Companies represented the tenant in the transaction. CLICK ON THE HEADLINE FOR MORE ON THIS STORY