Another Premier Coral Gables Office Building Trades
The acquisition of this Class A building represents a significant milestone for the buyer as they expand their portfolio and acquire their first South Florida asset.
PEBB Enterprises Adds Two New Vice Presidents
Adam Starr is PEBB’s new Vice President of Leasing, Senior Director while Florence Motavali joins as Vice President, Operations Controller.
CRE-sources’ Top 5 Most Popular Stories This Week
Here are the most popular news headlines this past week on CRE-sources.
The Estate Companies Obtains Site Plan Approval For Mixed-Use Project Along Hollywood Circle
The 23-story building will comprise 378 luxury rental apartments, 6,919 square feet of retail space and 1,706 square feet of offices.
Berkadia Arranges $14.3M Sale Of Approved Development Site In Downtown Coral Gables
The site is expected to complete and obtain master permitting within four months.
BBX Logistics Properties Announces JV To Develop Over 600,000-SF Logistics Park
The joint venture currently expects to obtain debt financing and commence site development and construction of the initial phase of the project in the first quarter of 2024.
Lee & Associates’ Greg Milopoulos Completes Sale Of Downtown Fort Lauderale Property
The property, includes a 3,941-square-foot retail/industrial building and vacant lot encompassing a total of .73 acres, sold for above the initial asking price.
Stiles, McHugh Top Off 39-Story NEMA Apartment Tower In Downtown Miami
Crescent Heights is developing the project, which will comprise 588 apartments in studio, one-, two-and three-bedroom layouts, as well as ground-floor retail space, including a 42,030-square-foot Whole Foods Market store.
Multifamily Developer Pinnacle Expands Footprint Throughout Florida With Addition Of Seasoned VP Of Development
He brings significant development management experience, having previously worked for top firms like Stiles Residential Group and The Morgan Group.
EML Realty Partners Announces Acquisition Of Two New Industrial Assets
“Both of these properties are a classic value add where current rents are below market, purchase price way below replacement cost, short-term leases and some capital improvements to maximize the increase in value,” added Levitt. “It is very hard to find value add industrial properties in Florida and we are looking forward to rolling up our sleeves to make this a great long-term investment.”