Archives

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

SALISBURY, MD - October 28, 2014 - (RealEstateRama) -- Brent Miller, CCIM, CPM, Managing Director of Sperry Van Ness – Miller Commercial Real Estate is proud to announce that Bill Lucks, Managing Broker of the SVN-Miller Lewes office has been invited to serve on the National Association of Realtors (NAR) 2015 Commercial Legislation and Regulatory Advisory Board. “At this point in the commercial real estate business we must carefully examine the rules and regulations to ensure we have the tools necessary to move forward,” said Lucks.

Tampa, FL - October 21, 2014 - (RealEstateRama) -- CBRE Debt & Structured Finance originated a $39.5 million loan on behalf of IP Capital Partners of Boca Raton, FL and Fir Tree Partners of New York, to finance the acquisition of the Sabal Park Portfolio, a 518,338-square-foot complex of nine office buildings located in Tampa’s I-75 corridor. BankUnited of Tampa provided the five-year loan, which is fixed with partial interest only, at a 65 percent loan-to-value ratio.

Miami, FL v CBRE arranged the sale of a 54,985-square-foot, three-story corporate headquarters in Miami’s Airport West submarket. Kingsway Amigo Insurance Company’s former South Florida headquarters at 3155 NW 77th Avenue was acquired for $4.7 million by local user. CBRE represented the seller in the transaction. Robert Eckstein from NAI Miami represented the buyer

LOS ANGELES - October 16, 2014 - (RealEstateRama) -- A fund sponsored by CBRE Global Investors has acquired Airport Corporate Center, a 45-acre, 11-building office park adjacent to the Miami Airport. The property, which is 78.6 percent leased, includes over one million square feet of rentable space

Orlando, FL - October 15, 2014 - (RealEstateRama) -- CBRE arranged the sale of a 596-unit luxury apartment community in Winter Park, FL that represents one of the largest apartment complex sales in Greater Orlando thus far in 2014. Sun Key Apartment Homes at 7502 Sun Key Boulevard was acquired by BC Property Investments for $57.7 million.

WASHINGTON, D.C. - October 10, 2014 - (RealEstateRama) -- CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com

Miami, FL - October 7, 2014 - (RealEstateRama) -- CBRE arranged the sale of a 144,399 square-foot retail center directly opposite the Melbourne Square Mall in West Melbourne, FL. The Shoppes at West Melbourne, anchored by national retailers such as Jo-Ann Fabrics, Bed Bath & Beyond, Party City, and Office Depot, was acquired from a private equity firm by American Realty Capital – Retail Centers of America, Inc

TAMPA, FL - October 6, 2014 - (RealEstateRama) -- Tune in to Shark Tank on ABC and CNBC this season to see Andrew and Angela Duncan of The Duncan Duo with RE/MAX Dynamic, side-by-side with real estate magnate Barbara Corcoran. The endorsement commercial will air during Shark Tank and other TV shows starting next week.

Tampa, FL - October 6, 2014 - (RealEstateRama) -- CBRE is pleased to announce the addition of Paul Rutledge, First Vice President, to CBRE’s retail brokerage group in Tampa. In this role, Mr. Rutledge, most recently at Casto Southeast Realty Services, will specialize in representing institutional quality owners, occupiers of retail real estate, as well as developments.

Miami, FL - October 1, 2014 - (RealEstateRama) -- CBRE arranged the sale of a 32,000-square-foot new construction warehouse at 2132 NW 114th Ave. in Doral, FL. The free-standing property located in Dolphin Commerce Center, was acquired by EdgeConneX, a new-to-market firm, from a private developer, PFR Investments LLC .

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.