And The Winner In The Bid For Miami Tower Is…
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 Poised To Start New Project
Tibor Hollo is close to beginning construction on the first post-downturn mixed-use development.
Procacci Achieves Zurich Certification
Procacci Development Corporation, a full service real estate developer based in Boca Raton, has achieved Zurich Insurance HPR (Highly Protected Risk) certification. Procacci earned this certification by exceeding standards created to allow both structures and businesses the ability to weather significant storm events and sustain stability.
Got Your QR Code Reader?
The 3Q10 print edition of CRE-sources is out, featuring QR Code Technology! As you turn the pages, you’ll notice some funky-looking squares (similar to the one at the left) in certain property listings and ads. Those funky-looking squares contain URLs. Scan them with your smartphone and open the associated web page right in your phone’s browser! How cool is that?
Norm Adams/Liz Glaria Sign 21,000 sf Expansion
Stiles Realty announced today that Guarantee Insurance has signed a five-year lease expansion for 21,000 square feet of office space at the 408,079-SF Las Olas City Centre in downtown Ft. Lauderdale.
Benson Closes 34,000sf Deal
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.
Michael Rauch Opens Boutique Firm
Commercial real estate broker, property manager and investor, Michael W. Rauch, has opened a new boutique brokerage, investment and property management firm, Rauch, Hartman, Sherer & Co., Chartered Commercial Real Estate Advisors, located in Boca Raton.
Marcus & Millichap Keeping Busy
Marcus & Millichap has announced the sale of three properties in South Florida, including two office buildings, a shopping center and a multifamily property, totalling just over $15 million.
Commercial Florida Leases 30,000 SF at Hillsboro Center-Office Tower
Dart Container Sales Company expanded and extended its lease for a total of 23,191 square feet and Your Home Advantage expanded its lease at the complex by 4,003 square feet to 6,483 square feet. With these two recent transactions Hillsboro Center–Office Tower is now 89 percent leased.
Brother and Sister Team Form New CRE Company
Jay Whelchel and Kristy Whelchel Hartofilis have joined forces to open Whelchel Partners Real Estate Services, Inc., specializing in leasing, property management, sales and other custom real estate services for the office, medical, retail, industrial and mixed-use sectors.