Duane Morris LLP; Houck Anderson; Atlas Wealth Management; Porsche Latin America; David M. Garvin, P.A./Julie C. Ferguson, P.A.; and Development Specialists, Inc. and all signed long-term renewal leases with additional expansions at Wachovia Financial Center.
27-year commercial real estate veteran Randy Olen leaves Holly Sime Realty.
Oceania Cruises signs a 23,000sf renewal and a new 54,500sf lease to expand its corporate headquarters, which brings the Miami Airport West office property to 100% occupied.
Miami Tower, the iconic 600,000sf Class A downtown Miami office building that’s famous for its three-tiered design and changing exterior lighting schemes, becomes the Miami market’s largest office building sale of 2010.
Miami Lakes-based LeaseFlorida had the winning bid to purchase a downtown Miami office building located at 28 W. Flagler Street.
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 is close to beginning construction on the first post-downturn mixed-use development.
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.
Steven J. Medwin will head the Jones Lang LaSalle’s brokerage business for South Florida. His responsibilities will include managing the landlord and tenant representation teams for both office and industrial real estate.
Office leasing has increased each quarter this year, with banks and law firms making moves. This is a boost for Miami-Dade’s office market, which was slow in 2009. But new office buildings, coupled with fewer tenants coming into the market, are adding to vacancies, as existing tenants are signing most of the deals.