CRE-sources’ Top 5 Most Popular Stories This Week
Read on for the most popular news headlines this past week on CRE-sources.
Read on for the most popular news headlines this past week on CRE-sources.
Scheduled to open in August, the 10,000-square-foot space will serve as the company’s operational and creative hub as the company continues to expand. Close to 20 employees have relocated from Baltimore to support the company’s next phase of growth. The company also plans to hire between 30-60 additional full-time Miami-based employees over the next year.
Read on for the most popular news headlines this past week on CRE-sources.
Vision Marine Technologies expects three pending Florida property sales to generate about $13.1 million in gross proceeds as the company consolidates operations around its Dania Beach and Fort Lauderdale waterfront platform.
The building, which dropped to a low of 62% leased during the pandemic, now stands at 97% occupied with a diversified tenant roster comprising 43 tenants in 15 distinct industries.
The partnership plans to invest more than $30 million to upgrade and renovate the portfolio with completion expected in 2027.
The project will include more than 120,000 square feet of Class A office space, along with over 11,000 square feet of ground-floor retail.
The property is currently improved with the Aventura Offices and Medical Center, a two-story office and medical office building totaling about 37,000 square feet.
Eric Cantor of Cushman & Wakefield represented the landlord in the transaction. Dean Katz, Adam Bernstein and Greg Katz of Stream Realty Partners represented Travelpro.
Read on for the most popular news headlines this past week on CRE-sources.
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