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Commercial

CBRE closes $8.6m sale of lake worth medical office campus

CBRE arranged the sale of Concept 2 Towers, two six-story medical office towers encompassing 101,136 square feet at 2290 and 2328 10th Avenue North in Lake Worth, Florida. Concept 2 Towers was acquired by KAS Datura LLC for $8.6 million. CBRE represented the seller, CD Parking, Inc

CBRE ARRANGES $2.5M SALE OF 10+ INFILL ACRES IN LAUDERHILL

CBRE arranged the sale of a 10.35-acre development opportunity at the northwest corner of Sunrise Blvd. and US 441/SR 7 in Lauderhill, Florida, across from the newly developed Lauderhill Performing Arts Center & Library and the Central Broward Regional Park. The Amera 441 parcel was acquired for $2.5 million from Eagle FL I SPE, LLC by Cricket Club Lauderhill, LLC, whose principals are Alan Benenson and Michael Sher. The purchaser has plans to redevelop the infill asset into a 160-unit townhome community

CBRE ARRANGES SALE OF CENTRAL FLORIDA INDUSTRIAL PROPERTY

CBRE arranged the sale of a 706,560-square-foot distribution building located at 19925 Independence Boulevard in Groveland, FL. Louisville, Colorado-based Real Capital Solutions acquired the building from Magnolia Partners LTD. CBRE represented the seller in the transaction.

Portman-Shaheen Energy Efficiency Bill Includes Bennet’s SAVE Act, Better Buildings Act

A bipartisan energy bill introduced in the Senate today includes two bipartisan measures authored by Colorado U.S. Senator Michael Bennet designed to promote energy efficiency in homes and commercial buildings

How E-Commerce Is Making CRE Adapt

Three hundred leaders in industrial and e-commerce real estate gathered at NAIOP’s E.CON: The E-commerce conference, held last week in Atlanta. With a keynote by the vice president of the supply chain for Walmart and SamsClub.com, plus action-packed panels discussing trends and opportunities, attendees agree that e-commerce strategies are constantly evolving and there are some apparent trends for the coming years.

Legislative Proposals to Protect Online Privacy and Security

Our growing reliance on computer networks and electronic devices in almost every aspect of our lives has been accompanied by an increasing threat from individuals, organized criminal networks, and nation states who victimize American citizens and businesses.  Hackers can steal or hold for ransom our most valuable and personal information

CBRE ARRANGES $95M IN FINANCING FOR ACQUISITION OF 1.6 MILLION-SQUARE-FOOT OFFICE PORTFOLIO

CBRE Capital Markets’ Debt & Structured Finance team originated $95 million in financing for the acquisition of a portfolio of five single-tenant office properties, totaling 1.6 million square feet, located in Georgia, North Carolina, South Carolina and Virginia.

CBRE ARRANGES $3.122M SALE OF LONGWOOD SHOPPING CENTER

CBRE arranged the sale of a 61,200-square-foot retail center located at 851 East State Road 434 in Longwood, FL. Time Square Plaza, anchored by national chains such as Sherwin-Williams and O’Reilly Auto Parts, was acquired from Beverly Hills, Calif.-based Latitude Management Real Estate Investors by an affiliate of Harvest Holdings for $3,122,500. CBRE represented the seller in the transaction

CBRE HOTELS CLOSES SALE OF 8TH HOTEL IN THE FLORIDA KEYS SINCE 2013

CBRE Hotels arranged the sale of the 80-room Key Colony Bay Resort, a property located on four acres in Marathon, Florida. Baywood Hotels acquired the asset from The Peebles Corporation. This represents the eighth Florida Keys hotel sale in two years to be arranged by the Miami-based CBRE Hotels team. CBRE Hotels’ Robert Taylor and Ron Danko represented the seller

Commercial/Multifamily Delinquencies Continue Decline

Delinquency rates for commercial and multifamily mortgage loans continued to decline in the fourth quarter of 2014, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.

GEORGE SMITH PARTNERS SECURES $21 MILLION IN CONSTRUCTION FINANCING FOR NEW LOS ANGELES MULTIFAMILY...

LOS ANGELES, Calif. - March 2, 2015 - (RealEstateRama) -- Commercial real estate investment banking firm George Smith Partners has successfully arranged $21 million in financing for its client, Elite Real Estate, LLC, for the ground-up construction of a 49-unit apartment community in the Brentwood neighborhood of Los Angeles, California

NAREE Extends Journalism Contest Deadline to March 6

BOCA RATON, Fla. - February 27, 2015 - (RealEstateRama) -- NAREE has extended the deadline to enter the 65th Annual Real Estate Journalism Competition to March 6.  "We received many calls from writers and editors asking for an extension since the original March 1 deadline falls on a Sunday this year," said Mary Doyle-Kimball, NAREE's executive director

Realtors® Demand Congressional Action to Strengthen Patent Laws, Protect Small Businesses

WASHINGTON, D.C. - February 26, 2015 - (RealEstateRama) -- Without meaningful patent litigation reform, Realtors® and other small and midsize business owners will remain targets of extortion by unscrupulous entities that demand licensing fees or threaten frivolous lawsuits under the guise of patent infringement.

Novus Equities, LLC, Named Paterson Historic Preservation Commission’s Stewardship Award Honoree for Historic Commercial...

PATERSON, N.J., - February 23, 2015 - (RealEstateRama) -- Novus Equities, LLC, was recently named the recipient of the Historic Commercial Building Stewardship Award, awarded annually by the Paterson Historic Preservation Commission. The Jersey City, N.J.-based company, which has been active throughout city for more than 15 years, was acknowledged for restoring a turn-of-the-century building located at 38-40 Park Ave., in the city’s Sandy Hill neighborhood.

Keller Williams Now World’s Largest Real Estate Franchise by Agent Count

ORLANDO, FL - February 9, 2015 – (RealEstateRama) — After another record-setting year of growth, productivity and profitability gains, Keller Williams announced it has...

Deadline Approaches for NAREE Journalism Contest

BOCA RATON, Fla. - February 18, 2015 - (RealEstateRama) -- Journalists can now enter the National Association of Real Estate Editors' (NAREE) 65th Annual Journalism Competition via an online portal. Submit entries online or by mail by March 1, 2015

In New Survey, Commercial Real Estate Insiders Express Strong Outlook for Industry But Worry...

WASHINGTON, D.C. - February 18, 2015 - (RealEstateRama) - According to a new survey of commercial real estate insiders who attended a leadership conference hosted by NAIOP, the Commercial Real Estate Development Association, the outlook for the commercial real estate industry remains strong despite growing concerns over sluggish job creation and higher taxes. The poll was conducted during NAIOP’s 2015 Chapter Leadership and Legislative Retreat and surveyed over 100 commercial real estate insiders

Levin Arranges Retro Fitness Lease at Twin City Shopping Center in Jersey City

JERSEY CITY, N.J., - February 17, 2015 - (RealEstateRama) -- Affordable gym chain Retro Fitness – known for its low-cost, high-value fitness concept – has leased 16,000 square feet at Twin City Shopping Center in Jersey City. The announcement was made by retail real estate services firm Levin Management, exclusive managing and leasing agent for the 98,000-square-foot shopping center.

SVN-MILLER 2015 COMMERCIAL REAL ESTATE FORUM DRAWS LARGE CROWD

SALISBURY, MD - February 11, 2015 - (RealEstateRama) -- Sperry Van Ness – Miller Commercial Real Estate with offices in Salisbury, MD, Annapolis, MD, Bethesda, MD, Seaford, DE, Lewes, DE, and Wilmington, DE recently held their 2015 Commercial Real Estate Forum at the Perdue School of Business in Salisbury, MD. The event was focused on providing relevant information to real estate investors regarding economics, community development and market statistics

Redevelopment Draws National Tenants to Coralwood Center; HomeGoods and Ulta Join as Anchors

Cape Coral and Fort Lauderdale, Fla. - February 10, 2015 - (RealEstateRama) -- Stiles Realty, a division of Fort Lauderdale-based full-service real estate firm Stiles, announced 57,829 square feet of leasing activity at Coralwood Center, one of the largest power centers in Cape Coral, Florida. National retailers HomeGoods and Ulta signed new leases totaling 33,819 square feet in Q4 2014. At the same time, anchor tenant Bealls Outlet has signed a lease to expand into a new 24,010-square-foot store, increasing the center’s occupancy by 20 percent to 81%.

Latest CBRE Press Releases

Temecula_BelVillaggioIII_2

CBRE’s Kirk Brummer, Sean Heitzler and NRP-West Team Complete Sale of...

CBRE’s Kirk Brummer announced today the National Retail Partners-West (NRP-West) has completed the sale of Bel Villaggio I-II & Bel Villaggio III in Temecula, California, adjacent retail