Florida Commercial Property In For Big Insurance Hikes This Year
A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
Coastal Commercial Group’s Ingrid Kennemer, CCIM represented TRX with its multi-year lease to move into a state-of-the-art, 12,000-square-foot property. Drew Schaul, Paul Grossman, and Alex Cesar of CBRE represented the landlord.
Jon Blunk, Laurel Oswald, Constance Thomas and Cristina Glaria of TCRE are leading the office leasing efforts at the four-story office building.
Each location will consist of a newly built 10,000-square-foot center and up to a 5,000-square-foot outdoor playground.
CBRE’s Kevin Probel and Kevin McCarthy continue to represent Mint Eco in pursuing additional expansion opportunities across South Florida.
The deals with Aldi and numerous other newly signed tenants bring the 71,000-square-foot project to more than 50% pre-leased.
Seasoned real estate veteran Scott Sherman has officially launched Torose Equities, a Miami-based real estate investment firm with a value-add urban retail, office and mixed-use strategy targeting the Southeastern United States.
The sale does not include other components of the mixed-use development, such as its 158-unit Congregate Living Facility and numerous outparcels.
Tricera is scheduled to deliver possession to its tenants by Q4 2022.
Scott O’Donnell, Mike Ciadella, Greg Miller, Dominic Montazemi, Miguel Alcivar, Jason Hochman, and Ron Granite of Cushman & Wakefield represented the seller in the transaction.
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