RIVANI Acquires Historic Lincoln Theatre Building In Miami Beach For $37 Million
The Art Deco retail property spans 35,240-square feet and is currently 98% leased to a premier tenant roster, including H&M, which anchors the property.
Orion Real Estate Group Sells The Shoppes At Jupiter For $52.75 Million In Off-Market Transaction
Orion acquired the property in 2015 for $27.8 million.
Blueteck Secures Loan For New Industrial Project In Miami-Dade
Plans call for 75,080 square feet across two buildings.
Marcus & Millichap Arranges $6.85 Million Sale Of Retail Strip In Broward County
Marcus & Millichap’s Drew Kristol and Kirk Olson represented the seller, a local South Florida investor, in the transaction.
Lee & Associates South Florida Principal C. Todd Everett, SIOR Brokers Industrial Property Sale In Port St. Lucie
“This was a quick listing and closing cycle, which demonstrates the strong demand for this type of high-barrier-to-entry product,” said Everett. “We were able to generate significant buyer interest and close the deal in two months, which reflects the continued strength of the South Florida industrial market.”
CRE-sources’ Top 5 Most Popular Stories This Week
Read on for the most popular news headlines this past week on CRE-sources.
Minto Communities USA Relocates Headquarters, Inks 15,500 SF Deal
Approximately 75 employees report to the South Florida headquarters.
PEBB Enterprises, Banyan Development Bring Lowe’s To New Retail Project In Port St. Lucie’s Tradition
Construction of the 134,000-square-foot store is underway, with a projected opening in 2026.
Berger Commercial Realty Secures 10-Year Lease With Wells Fargo On Fort Lauderdale’s Prime 17th Street Corridor
The lease was expertly orchestrated by Jake Michels, Sales Associate, and Joseph P. Byrnes, Senior Vice President at Berger Commercial Realty, who represented the landlord.
Marcus & Millichap Closes $15 Million Sale Of 120-Room Residence Inn By Marriott In Boca Raton
The buyer plans to remove the Marriott franchise and convert the property to student housing supporting Florida Atlantic University.