Archives

Miami, FL - September 26, 2014 - (RealEstateRama) -- CBRE Hotels arranged the sale of The Fairmont Royal Pavilion beachfront resort in Barbados, a world-renowned, year-round tourism destination with a reputation for friendliness. London & Regional acquired the property from Ivanhoe Cambridge. CBRE represented the seller.

Miami, FL - September 25, 2014 - (RealEstateRama) -- The Coral Gables office submarket is leading the way in terms of office market absorption, according to preliminary statistics by CBRE. Tenants took down approximately 180,000 square feet of office space in Coral Gables during the first three quarters of 2014, more than any other submarket by a wide margin. Airport/Doral, the next busiest submarket, saw approximately 140,000 square feet of space absorbed. The Brickell submarket experienced year-to-date absorption of approximately 126,000 square feet. As a result, vacancy in Coral Gables dropped to 13.3% during Q3 2014, its lowest point since 2010, according to preliminary statistics from CBRE

GLENDALE, CA - September 24, 2014 - (RealEstateRama) - Shari Baner with NAI Capital’s Encino office represented the Seller, Osborn Family Trust, in the sale of an 8,762 sq. ft. Osborn Office Building located at 320 East Harvard Street in Glendale, CA to the Buyer, 320 Harvard LLC. The outside brokerage was represented by the Prospect Group and the value of the sales transaction was $4.1 Million

West Palm Beach, FL - September 23, 2014 - (RealEstateRama) -- CBRE has been engaged to market a 202-unit apartment community with resort-style amenities in West Palm Beach, FL. Spanning 11.6 acres at 2111 Brandywine Road, Village Place offers an opportunity to acquire a top-performing, fully stabilized asset with value-add potential

LIVINGSTON, N.J.- September 22, 2014 - (RealEstateRama) -- Predictions that multi-family investment sales would continue to soar in the second half of 2014 are holding true based on early returns. Disproving the axiom that the summer months are “slow” for business, Gebroe-Hammer Associates completed 13 multi-family investment sales in July and August, totaling 2,180 units valued at $117.2 million.

WASHINGTON, D.C. - September 18, 2014 - (RealEstateRama) -- The following criteria were considered for the “Recent Transactions”: FOR SALE: Purchase price of $500,000 and above. FOR LEASE: Lease value of $250,000 and above.

VALENCIA, CA - September 17, 2014 - (RealEstateRama) -- Grace Bartsch with the Westlake Village office represented the Tenant, Salon Studios lll, and John Cserkuti with the Santa Clarita office, represented the Landlord, JH Real Estate Partners, Inc., in the lease of a 3,360 sq. ft. retail property located at 28309 Newhall Ranch Road, Ste. 2C & 2D in Valencia, CA. The value of the lease transaction was approximately $1.2 Million

WASHINGTON, D.C. - September 17, 2014 - (RealEstateRama) -- In one of the largest office leases in the Inland Empire region for 2014, The Way World Outreach International Ministries signed a 120,486-square-foot lease for the entire building at 4680 Hallmark Pky. in San Bernardino, CA. The deal is valued at $3.6 million.

Pembroke Pines, FL - September 9, 2014 - (RealEstateRama) -- CBRE has been engaged as exclusive marketing representatives for Altis at Sheridan Village, a new Class AAA residential community in Pembroke Pines, FL. The premier South Broward investment asset at 16700 Sheridan Street features 300 units, averaging 1,093 square feet, each with individual private entries, and luxury amenities. Residents began moving in March 2014 and the property is now nearing stabilized occupancy.

Miami, FL - September 2, 2014 - (RealEstateRama) -- CBRE has been exclusively engaged to market the Courtyard Miami Downtown, a 233-room Marriott property located on a prime 1.07-acre site in the heart of downtown Miami, one of the most sought-after real estate markets in the country. Located at 200 SE 2nd Avenue, the property holds the potential for redevelopment into as many as 1,070 condominium units under the current Miami 21 zoning code. CBRE is marketing the property on behalf of owner AVR Realty

West Palm Beach, FL - September 2, 2014 - (RealEstateRama) -- CBRE arranged the sale of a single-tenant retail property leased to Family Dollar. The buyer, Kingyard Assets II, LLC, purchased the property at 4700 Broadway/US Highway 1 in West Palm Beach for $1,499,300 from Bonita Crown Pharmacy, LLC, a Florida-based private investor who hired CBRE to market the asset for sale and negotiate the transaction

Ft. Lauderdale, FL - August 28, 2014 - (RealEstateRama) -- CBRE arranged the sale of The Stephan Company headquarters, a 30,000-square-foot manufacturing facility at 1850 West McNab Road in Fort Lauderdale, for $1.9 million. CBRE represented the seller, The Stephan Company, a premier manufacturer and distributor of hair care, skincare and personal care items, which is relocating to Tampa. Ren Kent of Coldwell Banker Commercial NRT represented the buyer, APC Packaging

WASHINGTON, D.C. - August 27, 2014 - (RealEstateRama) -- Colliers International Northeast Florida announces the addition of Scott Rogers to the Jacksonville Investment Team as Vice President of Investment Sales. Since the start of his commercial real estate career in 1983, Rogers has worked for a number of national firms specializing in real estate appraisals and investment sales. Rogers will continue to focus on investment-grade sales, servicing sellers of multi- and single-tenant retail, office, and warehouse properties in Northeast Florida and its surrounding areas.

WASHINGTON, D.C. - August 26, 2014 - (RealEstateRama) -- The strong rebound in economic growth during the second quarter and ongoing job creation are gradually improving the outlook for all of the major commercial real estate sectors, according to the National Association of Realtors® quarterly commercial real estate forecast.

Jacksonville, FL - August 26, 2014 - (RealEstateRama) -- CBRE’s Debt & Structured Finance group has secured a $27.38 million loan for the acquisition of The Waterford at Mandarin Apartments, a 232-unit property at 11247 San Jose Boulevard in the Mandarin submarket of Jacksonville, FL. CBRE arranged the loan on behalf of Harbor Group International of Norfolk, VA. Freddie Mac provided the seven-year loan with interest-only payments for two years, at an aggressive floating interest rate and 75% loan-to-value ratio

SANA ANA, CA - August 26, 2014 - (RealEstateRama) -- Tom Nguyen, EVP with Orange County office and founding member of NAI Capital’s Asia Pacific Group, represented the Seller, Civic Center Professional Building Inc., in the sale of 105,199 SF office property located at 901 Civic Center Drive in Santa Ana, CA to the Buyer, BW America Development, LLC. The value of the sales transaction was $12,018,000 Million dollars

Fort Lauderdale, FL - August 19, 2014 - (RealEstateRama) -- CBRE arranged the purchase of the former Fort Lauderdale headquarters for GoodRoads, a 68,500-square-foot, Class A, free-standing manufacturing and distribution facility at 3600 NW 54th Street in Fort Lauderdale. KTR Capital Partners (KTR) acquired the property at a price that remains confidential. CBRE represented KTR in the transaction. KTR plans major renovations to the facility and has hired CBRE to rebrand and market the facility for lease.

Jensen Beach, FL - August 19, 2014 - (RealEstateRama) -- CBRE arranged the sale of Marketplace Square, a 173,292-square-foot retail center at 3255 NW Federal Highway in Jensen Beach, Florida. Leon Capital Group acquired the property from Kimco Realty Corp. for $17.3 million. CBRE represented the seller in the transaction.

Tampa, FL - August 19, 2014 - (RealEstateRama) -- CBRE has been selected by the Ryan Companies as the exclusive leasing agent for Southern Oaks at Telecom Park, a two-building Class A office complex with a total of 230,000 rentable square feet, located at 7810-7860 East Telecom Parkway in Temple Terrace, Florida. This pre-lease/build-to-suit property is registered for LEED certification and offers large, collaborative floor plates of 28,750 rentable square feet

Miami, FL - August 18, 2014 - (RealEstateRama) -- Federal regulations proposed to strengthen student outcomes at for-profit schools could have an impact on space absorption and vacancy rates in certain Florida commercial real estate markets, according to research conducted by CBRE. This month’s CBRE Florida Viewpoint finds at least three major institutions have reduced their office footprint since the new school performance mandates were proposed in 2011.