Archives

Plantation, FL - December 17, 2014 - (RealEstateRama) -- CBRE arranged the sale of 74 out of 150 luxury condominium units at Paragon Plantation at 741-791 N. Pine Island Road in Plantation, Florida. The assets were acquired from Falcon Carlyle, LLC, by Paragon Plantation Holdings, LLC, for $9.35 million, or $126, 351 per unit

Tampa, FL - December 16, 2014 - (RealEstateRama) -- CBRE arranged the sale of the former G. Pierce Wood Mental Health Facility near Arcadia in DeSoto County for $2.5 million. The Power Auto Corporation acquired the property from the Florida Department of Environmental Protection's (DEP) Division of State Lands. CBRE represented the DEP

Deerfield Beach, FL December 16, 2014 - (RealEstateRama) -- CBRE arranged the sale and financing of Quorum Business Center, a best-in-class 408,000-square-foot distribution and office portfolio located just south of Boca Raton in the Deerfield Beach submarket of Fort Lauderdale. Quorum Business Center, which is strategically located at the intersection of SW 10th Street and Military Trail and just west of Interstate 95, was acquired for $51 million, by Ivy Realty of Greenwich, Connecticut, from KTR Capital Partners of New York, New York. Quorum was 87% occupied at the time of acquisition

NORTH HOLLYWOOD, CA - December 16, 2014 - (RealEstateRama) -- Christopher Arvizu, Vice President with NAI Capital’s Orange County office represented the seller, SOCAL MACAPITAL, LLC, in the sale of a 12-unit multifamily property located at 6648-6650 Lemp Avenue in North Hollywood, CA to the buyer, Duck and Cover Productions

WEST COVINA, CALIF. - December 15, 2014 - (RealEstateRama) -- CBRE Senior Vice President Philip D. Voorhees announced today that he and the National Retail Investment Group – West (NRIG-West) team completed the sale of South Hills Plaza, a 120,589-square-foot community shopping center in the city of West Covina, CA. South Hills Plaza is anchored by Marukai Market and 24 Hour Fitness, along with national brand names and regional favorites including Taco Bell, Subway, USPS, and Charter Communication. The sale price was $20,695,000, representing a 6.8% cap rate

Los Angeles - December 10, 2014 - (RealEstateRama) -- CBRE Group, Inc., the world’s largest commercial real estate services and investment firm, today announced the launch of its new global brand positioning – transforming real estate into real advantage – along with a platform to express the positioning inside and outside the company, Build on Advantage

WASHINGTON, D.C. - December 9, 2014 - (RealEstateRama) -- Introduction to the types of commercial properties, the terminology used for each type of property and how each property is classified. This program includes an introduction to the basics of office, retail and shopping centers, industrial and warehouse, senior living, special purpose, hotels and hospitality property, multifamily development, farm and ranch and others

BOSTON - December 8, 2014 - (RealEstateRama) -- On behalf of The Davis Companies and Principal Real Estate Investors, CBRE/New England announces that two leases totaling 27,868 square feet have been executed at The Center at Corporate Drive in Burlington, Massachusetts. Ryan, an award-winning global tax services firm, renewed its 10,691 square foot lease at 25 Corporate Drive. Endurance International, a leading provider of cloud-based platform solutions for small- and medium-sized business owners, renewed and expanded for 17,177 square foot at 10 Corporate Drive.

SAN DIEGO, California, - December 8, 2014 - (RealEstateRama) -- SR Commercial, a privately held, full-service commercial real estate investment company, has completed a full-cycle repositioning project in Vista, California with the $13.55 million sale of a 128,531 square-foot, Class A industrial property. SR Commercial acquired the property in February 2013 for $79 per-square-foot and was able to sell the building for $105.50 per-square-foot after implementing its strategic rehab and repositioning plan, according to CJ Stos, a Principal at SR Commercial

Tampa, FL - December 8, 2014 - (RealEstateRama) -- CBRE completed a lease for one of the single-story Class B office buildings located in the Tampa International Business Center at 5301 Idlewild Avenue in Tampa, FL. WellCare Health Plans, Inc., a provider of health care insurance solutions, will expand into the 76,120-square-foot building owned by TerraCap Management, LLC.

FORT LAUDERDALE - December 4, 2014 - (RealEstateRama) -- Stiles is proud to announce that its owned and managed office buildings, the historic Plaza at Las Olas and The AutoNation Building in downtown Fort Lauderdale, were honored with The Outstanding Building of the Year (TOBY) awards from the Fort Lauderdale/Palm Beach Building Owners and Managers Association (BOMA). Overall, Stiles received six distinguished TOBY awards for quality office and retail projects as well as its management personnel. The TOBY Awards were held at the Harbor Beach Marriott Resort and Spa in Fort Lauderdale, Fla., on Nov. 7, 2014.

WASHINGTON, D.C. - December 3, 2014 - (RealEstateRama) -- Montgomery County’s Department of Permitting Services (DPS) has recently expanded its business and environmentally friendly online permitting system and now offers electronic plan submission for commercial building permits. Additionally, DPS recently added fire alarm and fire protection to its ePermits and ePlans

Oakland Park, FL - December 3, 2014 - (RealEstateRama) -- CBRE arranged the sale of Oakland Park Industrial Center, an industrial portfolio consisting of seven multi-bay warehouses totaling 145,260 square feet, located in Oakland Park, FL. OPIC, LLC, acquired the portfolio from GMACK, LLC, for $7,777,040. CBRE represented the seller in the transaction

WASHINGTON, D.C. - November 26, 2014 - (RealEstateRama) -- Commercial real estate is looking at the GOP’s majority in the House and Senate, and the 2016 presidential election, as signs that legislation on energy, tax code and infrastructure will make their way into law during the next two years. NAIOP President and CEO Thomas Bisacquino was interviewed for a piece, “Dawn of a New Age?” in the December 2014 issue of Commercial Property Executive

SAN GABRIEL VALLEY, CA - November 25, 2014 - (RealEstateRama) -- Ryan Campbell with NAI Capital’s San Gabriel Valley East office sold and leased four properties in the San Gabriel Valley totaling over 49,000 sq. ft. and $4.8 Million dollars, all within a recent thirty day period. Rick Sheckter of Newmark Grubb Knight Frank’s City of Industry office co-brokered the three sales transactions.

Miami, FL - November 25, 2014 - (RealEstateRama) -- CBRE arranged the purchase of an 85,000-square-foot industrial building in Miami, FL, on behalf of Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets. The asset at 11205 NW 131st Street was acquired for $8.9 million from Canaan Trading Company, a premier food and food supplies distributor. The property was 100% occupied by three tenants at the time of sale. CBRE represented Terreno in the transaction

Miami, FL - November 24, 2014 - (RealEstateRama) -- Two new tenants have signed leases at The Alhambra, a 14-story, Class A office tower interconnected with the Hyatt Hotel and located in the heart of Coral Gables. Private trust and investment firm Fiduciary Trust International of the South, a division of Franklin Templeton Investments, has signed a lease for 12,500 square feet at 2 Alhambra Plaza. In an effort to accommodate its continued growth, the firm will relocate from its current location at 200 Biscayne Boulevard in Miami’s Central Business District in mid-2015. Pipeline Workspaces, a national high-design shared office space concept, has also signed a lease for 14,000 square feet at 95 Merrick Way, part of The Alhambra property. With the addition of these two tenants, occupancy at The Alhambra now stands at 85%, up from 52% only 18 months ago.

WASHINGTON - November 24, 2014 - (RealEstateRama) -- Despite a slowing global economy, forward economic momentum in the U.S. should keep commercial real estate activity on firmer footing, according to the National Association of Realtor

WASHINGTON, D.C. - November 24, 2014 - (RealEstateRama) -- A new single international measurement system for the commercial market has today been launched to bring transparency and consistency to the global commercial property sector.

Tampa, FL - November 24, 2014 - (RealEstateRama) -- CBRE is pleased to announce that it received two (TOBY®) The Outstanding Building of the Year® Awards at the 2014 Building Owners and Managers Association (BOMA) Greater Tampa Bay’s annual awards ceremony held in Tampa, FL on November 13th. One award was for a building CBRE manages; the second award was directed to an individual CBRE employee. The TOBY Awards are one of the most prestigious and comprehensive programs in the commercial real estate industry, recognizing outstanding performance and rewarding excellence in building management