Archives

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

BOSTON - November 17, 2014 - (RealEstateRama) -- CBRE/New England’s Capital Markets team announces the sale of Windsor at Brentwood, a 240-unit, garden-style apartment community located in North Providence, Rhode Island, for $25.8 million. CBRE/NE’s multifamily experts Simon Butler, Executive Vice President/Partner, and Biria St. John, Executive Vice President/ Partner, exclusively represented the seller, Bower Hill Associates, an affiliate of GID Investment Advisers LLC, and procured the buyer, Brentwood Apartments Limited Partnership, an affiliate of SMC Management LLC

ORANGE COUNTY, CA - November 14, 2014 - (RealEstateRama) -- R.C. Hobbs Company has selected Roger Niez to represent their Orange County Land Acquisition Program. This is a significant move for Niez because they will be purchasing new parcels of land throughout the county for development.

Miami Beach, FL - November 11, 2014 - (RealEstateRama) -- CBRE, in collaboration with Nancy Cibrano of N Cibrano Realty, arranged a 40,000-square-foot lease for WeWork, the platform for creators, at 350 Lincoln Road in Miami Beach, FL. WeWork, which provides entrepreneurs, freelancers and small businesses with the space, community and services they need to grow their businesses, will occupy the majority of the space at the 50,000-square-foot, Art Deco-style office property in the heart of South Beach during the first quarter of 2015. CBRE and N. Cibrano Realty represented property owner The Wings Group in the transaction

Bulk distribution facility in Gratigny Industrial Park sold for $10.1 million Miami, FL - November 10, 2014 - (RealEstateRama) -- CBRE arranged the sale...

SAN DIEGO, CA - November 6, 2014 - (RealEstateRama) -- Kevin Kawaoka, CCIM & Mario Gandara with NAI Capital’s Bluechip Investment Group represented a private investor in the purchase of a 13 unit multifamily property located at 2329 C Street in the Golden Hill area of San Diego, CA. The value of the sales transaction was $2.6 million dollars. The property traded at a 4.6% cap rate and $224 per square foot.

Orlando, FL - November 5, 2014 - (RealEstateRama) -- CBRE arranged the sale of a 250-unit rental community in Altamonte Springs, FL, across from the multi-million dollar homes in the gated neighborhood of Spring Valley. Ashley at Spring Valley, located at 693 Wymore Road, was acquired from RW Ashley, LLC of New York and Strategic Properties of North America by Robbins Property Associates for $18.3 million.

Doral, FL - November 4, 2014 - (RealEstateRama) -- CBRE arranged the sale of a single-tenant retail property leased to Doral Ale House. The buyer, Biscayne Ale, LLC, purchased the property at 3271 NW 87th Avenue in Doral, Florida, for $5,870,000 from DAH Property, LLC, a Florida-based private investor. CBRE’s Todd Weintraub represented the seller and the buyer in the transaction.

Los Angeles - November 3, 2014 - (RealEstateRama) -- Age is less of a factor than widely thought when it comes to workplace preferences in the U.S., according to a new workplace strategy report by CBRE Group, Inc., Designing the office of the future? Don’t plan it around (what you think you know about) U.S. millennials. The study, based on aggregated CBRE Workplace Strategy surveys from more than 5,500 office workers across numerous industries, found that while current assumptions about millennials are driving the design of many workplaces today, there is actually little difference in workplace preferences between millennials, Generation Xers and baby boomers.

MIami, FL and Irving, TX - November 3, 2014 - (RealEstateRama) -- CBRE Debt & Structured Finance originated a $51 million bridge loan on behalf of Brookwood Financial Partners to finance the acquisition of two office properties at 125 E. John Carpenter Freeway and 5100 N. O’Connor Blvd. in Irving, TX. Blackstone of New York provided the interest-only, two-year bridge loan, at a 73.5% loan-to-cost ratio

BOSTON - October 28, 2014 - (RealEstateRama) -- CBRE/New England, a strategic joint venture between Whittier Partners Group, LLC, and CBRE, Inc., the world’s largest commercial real estate services company, is pleased to announce that the following individuals have been selected by the Partners of the firm to join the Partnership effective January 1, 2015: Adam Brinch, Peter Conlin, Nat Heald and Kyle Juszczyszyn