South Florida Office Trades For Record-Setting Price
A private investor purchased the Class B property for more than $230 per square foot.
Boca Raton-Based CRE Investor Closes $95M Fund Raise, Targets $900M In New Acquisitions
Seventy percent of funds will be allocated to industrial properties in Florida, the Carolinas, Tennessee and Georgia, and the remainder will be divided equally between Florida office and medical office buildings.
Coworking Operator Signs 29K SF Lease For Office Space In Boca Raton Amidst Leasing Surge
Colliers’ Executive Vice President Derek Baker represented the tenant in negotiating the deal. CBRE’s Joe Freitas, John Criddle and Max Pawk represented the landlord, Grover Corlew, in the lease negotiations.
Scott Robins, Former Miami Beach Mayor Philip Levine, & Ben Mandell’s Tricera Capital Close On Lincoln Road Retail Asset For $13.6 Million
A significant investment of approximately $12 million—contributed equally by the State, the City, and the Ritz-Carlton South Beach—is being dedicated to enhancing infrastructure, implementing art and landscaping, creating pedestrian-friendly streets to harmonize with the rest of Lincoln Road.
Bridge Industrial Begins Major Redevelopment Of Ryder Office HQ Into 330,000 SF Logistics Hub
This Class-A industrial complex will feature two LEED-certified buildings totaling 326,448 square feet. The project will be developed on a speculative basis, with vertical construction slated to begin later this year and delivery expected in the third quarter of 2025.
CBRE Arranges $69.4M In Construction Financing For Grocery-Anchored Shopping Center In Doral
Richard Henry, Mike Ryan, Brian Linnihan, and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance represented the borrower, SJC Ventures.
Marcus & Millichap Brokers Sale Of Industrial Property In Medley
M&M’s Michael Alaoui had the exclusive listing to market the property on behalf of the seller and procured the buyer.
Torose Equities Acquires Prime Retail Property On Miami Beach’s Iconic Lincoln Road
The Miami Beach retail market continues to demonstrate strong fundamentals, with average submarket occupancy currently at 95%.
Cushman & Wakefield Arranges New 10-Year, 78,000-SF Lease At Beacon Industrial Park
Wayne Ramoski and Ivanna Leitner Perez of Cushman & Wakefield represented GTS in the lease negotiations. George Pino, president of State Street Realty represented Prologis, the landlord.
CRE-sources’ Top 5 Most Popular Stories This Week
Here are the most popular news headlines this past week on CRE-sources.