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CBRE ARRANGES 33,000-SF LEASE FOR O.C. COMMUNICATIONS AT MIAMI CARGO EAST

Hialeah, FL - August 13, 2014 - (RealEstateRama) -- CBRE has arranged a five-year lease of 32,666 square feet of industrial space at Miami Cargo East, located at 725 SE 9th Court in in Hialeah, Florida, to O.C. Communications, a full-service contracting firm specializing in the installation, project management, and maintenance of communication systems, and a contractor for Comcast. Allen Lindow, CCIM, Senior Associate with the CBRE Occupier Services Group in Fort Lauderdale, in conjunction with David Planting, Senior Associate with CBRE in Sacramento, CA, represented O.C. Communications in the transaction. Americas Industrial Realty represented owner Keating Resources

CBRE ARRANGES $13M BRIDGE LOAN FOR ACQUISITION OF CHARLOTTE, NC, BUSINESS PARK...

Miami, FL - August 12, 2014 - (RealEstateRama) -- CBRE’s Debt & Structured Finance Group has secured a $13.35 million bridge loan on behalf of Adler Kawa Real Estate Advisors to acquire four buildings in the Oak Hill Business Park, encompassing 248,487 square feet in the I-77 corridor of Charlotte, NC. Wells Fargo originated the loan, which is floating over Libor, at aggressive rates and terms

“MEGAPOLITANS” AND SUPPLY CHAIN EFFICIENCY TO DRIVE U.S. INDUSTRIAL MARKET

Miami, FL and Los Angeles, CA - August 12, 2014 - (RealEstateRama) -- The ever-evolving global supply chain is prompting distribution companies that process freight shipments between the U.S. and Asia to optimize their U.S. industrial real estate portfolios to increase efficiencies and cost savings. These companies are heavily scrutinizing transportation costs in East Coast and West Coast seaports—and inland cities with strong transportation links—locating facilities in markets best able to serve

NAI Capital Represents Buyer and Seller in Sale of 14 Unit Apartment Building in...

ENCINO, CA - August 8, 2014 - (RealEstateRama) -- West L.A.’s Kevin Kawaoka, CCIM & Mario Gandara with NAI Capital’s Bluechip Investment Group represented the Seller, Likan LLC, and the Buyer, Fordcraw LLC, in the sale and purchase of a 14 unit multifamily property located at 3249-3253 Marine Ave in Gardena, CA. The value of the sales transaction was $2 million dollars

CBRE ARRANGES 20,000 SF LEASE IN DANIA BEACH’S LAKEVIEW CENTER

Dania Beach, FL - August 7, 2014 - (RealEstateRama) -- CBRE arranged a lease at Lakeview Center, a Class A industrial park owned by an affiliate of Industrial Income Trust Inc. (IIT), in Dania Beach, FL. The relocation of the premium resort-wear brand Lagaci, Inc. brings the 210,350-square-foot property to 90% occupancy and further tightens the availability of Class A industrial space in Southeast Broward County. CBRE represented the landlord

CBRE ARRANGES LEASE RENEWAL FOR PRIME DEFENSE CONTRACTOR

Tampa, FL - August 6, 2014 - (RealEstateRama) -- CBRE arranged the retention of an aerospace and national security contractor as a major tenant at the Kennedy Center in Tampa. Under the agreement, L-3 Communications will continue to lease 23,122 square feet from Realty Equity Partner, Inc., at 5100 West Kennedy Blvd., while retaining prominent building signage rights in Tampa’s Westshore business district

NAI Capital Represents Landlords & Tenants in the Leasing of Seven Medical Offices in...

ENCINO, CA - August 6, 2014 - (RealEstateRama) -- Jeremy Barbakow, SVP with the Encino office who specializes in medical office leasing in the San Fernando Valley, represented landlords and tenants in the leasing of seven medical offices in Encino, six of which were on Ventura Boulevard. Noteworthy transactions include a secondary location for the Kagan Eye Institute, a start-up surgical center, a new pediatric dental office, and a consolidation of offices for Cardiovascular Consultants Medical Group. The total lease transaction value was approximately was $5.8 million

CBRE SELLS THREE APARTMENT COMMUNITIES IN CENTRAL FLORIDA FOR $62 MILLION

Orlando, FL - August 6, 2014 - (RealEstateRama) -- CBRE arranged the sale of the Villages Portfolio, three apartment properties totaling 710 units in Central Florida. The portfolio includes Village at East Lake, in Clermont; Village at Lake Ned, in Winter Haven; and Village at Park Road, in Plant City. Philadelphia-based Equus Holdings acquired the properties from a partnership between Alex. Brown Realty of Baltimore, MD, and Oculus Development of Chicago for $62 million. CBRE exclusively represented the seller in the transaction, and also provided the financing for the buyer through Fannie Mae

CITY OF FORT LAUDERDALE HIRES CBRE AS REAL ESTATE ADVISOR

Fort Lauderdale, FL - August 4, 2014 - (RealEstateRama) -- CBRE is officially the City of Fort Lauderdale’s new real estate advisor. On June 23, 2014, following a competitive procurement process, the City Commission approved a contract to hire CBRE as the City’s real estate services and transaction provider for one year with three possible one-year extensions commencing July 2014. The firm’s mandate is to reduce the City’s operating real estate expenses, align real estate operations with the services provided to citizens, monetize underutilized real estate assets and dispose of surplus assets.

NAI Capital Orange County Office Expands, Again

IRVINE, CA - August 4, 2014 - (RealEstateRama) -- NAI Capital Orange County has expanded their ground floor offices at Main Plaza located at 1920 Main Street in Irvine, CA 92614. The expansion is due to the addition of Chris Arvizu and the Multi-Family Services Group as well as the dramatic growth of their NAI Capital Property Management Services operation.

Realtors® President Joins Housing Experts at White House for FHA’s 80th Anniversary Celebration

WASHINGTON, D.C. - July 23, 2014 - (RealEstateRama) -- The Federal Housing Administration celebrated its 80th anniversary today at the White House with two panel discussions highlighting the past, present, and future of the agency and its impact on homeownership. National Association of Realtors® President Steve Brown joined distinguished speakers on the second panel to emphasize the significance of FHA-backed loans to the real estate market and housing recovery.

Yokohama Tire Corporation Chooses County of San Bernardino For 658,000-SF Western Region Distribution Center

COUNTY OF SAN BERNARDINO, CALIF. - July 23, 2014 - (RealEstateRama) -- Yokohama Tire Corporation (YTC) has chosen the County of San Bernardino for expansion into a larger Western Region Distribution Center. The company has leased a newly-constructed, 658,000-square-foot facility located at 16388 Fern Ave., Building 2 in the city of Chino, which it plans to occupy late this year. Yokohama will distribute its products, including passenger car/truck, commercial truck and OTR (Off-the-Road) tires from the facility. The company is relocating its warehouse operations from its current 380,000-square-foot facility in the city of Fullerton

PCCP, LLC Provides $25.1 Million Senior Loan to PDC Memphis Oaks 3, LLC, a...

New York, NY - July 23, 2014 - (RealEstateRama) -- PCCP, LLC announced today it has provided a $25.1 million senior loan to PDC Memphis Oaks 3 Holdings, LLC, a Class A distribution property totaling 1,025,000 square feet in Memphis, TN managed and sponsored by affiliates of Panattoni Development Company. The loan will recapitalize the existing financing, and will allow Panattoni to focus on leasing efforts on existing and future vacant space

CBRE’s Philip D. Voorhees and NRIG-West Team Complete Orange County Strip Center Sale

GARDEN GROVE, CALIF. - July 23, 2014 - (RealEstateRama) -- CBRE Senior Vice President Philip D. Voorhees announced today that he, Brad Rable and their National Retail Investment Group – West (NRIG-West) team completed the sale of Garden Grove Festival Square, a 35,515-square-foot strip center in the City of Garden Grove, Calif., leased to a synergistic mix of regional and local tenants including Popular Community Bank, Woori American Bank and United Dental Group. The sale price was $11.9 million, representing a 5.59% cap rate.

CBRE’s Philip D. Voorhees and NRIG-West Team Complete Maywood Convenience Strip Center Sale

MAYWOOD, CALIF. - July 21, 2014 – (RealEstateRama) — CBRE Senior Vice President Philip D. Voorhees announced today that he, Jimmy Slusher and the National Retail Investment Group – West (NRIG-West) team, along with CBRE’s Managing Director, Richard Rizika, completed the sale of Maywood Village Square, a 48,324-square-foot convenience strip center. The property, located at 4401-4487 Slauson Avenue in the city of Maywood, Calif., is anchored by O’Reilly Auto Parts, Subway, US Bank, Yoshinoya, Western Dental Services and a new Fitness 19 health club, which will occupy nearly 9,000 square feet of the property. The sale price was $11.53 million. The property was approximately 94% occupied at the time of sale.

Eastern Union Funding Doubles Production Year-Over-Year

NEW YORK, - July 1, 2014 - (RealEstateRama) -- Eastern Union Funding, one of the largest national private mortgage brokerage companies, has posted over $1.5 billion in sales volume for the first half of the year – which is double that of 2013 – and is on target to break $3 billion in sales volume by year-end

NAREE’s 64th Annual Real Estate Journalism Award Winners Announced

HOUSTON - June 17, 2014 - (RealEstateRama) -- The National Association of Real Estate Editors (NAREE) today announced the winners of its 64th Annual Journalism Awards, recognizing excellence in reporting, writing and editing stories about residential and commercial real estate

Realtors® Back HUD and OMB Nominees Julian Castro and Shaun Donovan

WASHINGTON, D.C. - May 28, 2014 - (RealEstateRama) -- The following is a statement by National Association of Realtors® President Steve Brown:

Avison Young completes $5.57-million lease renewal with Catalina Bar & Grill in Hollywood, CA

Los Angeles, CA - May 27, 2014 - (RealEstateRama) -- Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has completed a 15-year lease with Catalina Bar & Grill, a dining and entertainment venue in the heart of Hollywood featuring some of the area’s most talented Jazz musicians. Valued at $5.57 million, the lease totaled just under 9,000 square feet (sf)

Led By Multifamily, Improvement Seen in All Commercial Real Estate Sectors

WASHINGTON, D.C. - May 27, 2014 - (RealEstateRama) -- The outlook for all of the major commercial real estate sectors is slightly improving despite disappointing economic growth during the first quarter of 2014, according to the National Association of Realtors

Business Real Estate Press Releases

Kitchen Cabinets - Other Colors - Restb.ai Study

How Have Kitchens Changed Over the Past Six Years? Restb.ai uses...

Kitchens have long been considered the heart of a home, but what are homebuyers looking for in kitchens today? Over the past six years, evolving buyer preferences have reshaped layouts

Recent Gov & Nonprofit Real Estate Press Releases

Home in Bozeman, Montana

Brian Heck’s Key Factors for Choosing a Home in Bozeman, Montana

Bozeman, Montana, has captured the attention of those seeking a balance between outdoor adventure, energy, and a high quality of life. Nestled in the heart of the Rocky Mountains, this growing city