Archives

Northbrook, IL - January 14, 2015 - (RealEstateRama) -- Kathie Tratebas has joined Coldwell Banker Commercial NRT as a commercial associate. She will reside in the Porter County office at 2110 N. Calumet Avenue in Valparaiso, IN

Miami, FL - January 14, 2015 - (RealEstateRama) -- CBRE Senior Vice President Diana Parker was recently honored by Commercial Real Estate Women (CREW) Miami, a chapter of the national organization focusing on the advancement of men and women in commercial real estate, with an “Outstanding Leader” Award

LOS ANGELES, CA - January 12, 2014 - (RealEstateRama) -- Tom Nguyen with the Orange County office represented the buyer, DCGG Park Plaza, LLC (also known as the owners of the Hollywood Roosevelt Hotel) in a joint venture agreement with the current owners, Wilshire Park Plaza LLC, to redevelop the Legendary Park Plaza Hotel located at 607 S. Park View Street, Los Angeles, CA

Orlando, FL - January 09, 2014 - (RealEstateRama) -- CBRE arranged the sale and financing of two fully-leased, single-story office buildings totaling 82,175 square feet in the East Orlando office submarket. ORC Quadrangle, LLC acquired the property, located at 3500 and 3626 Quadrangle Boulevard, from Atlanta-based Wells Real Estate Fund X III, L.P., for an undisclosed amount. CBRE represented the seller

THOUSAND OAKS, CA - January 08, 2014 - (RealEstateRama) -- NAI Capital’s Dan Spell, Timothy P. Foutz, and Mickey Belt represented the seller, DMC Investment Group, in the sale of Townsgate Business Center located at 2637-2649 Townsgate Road in Thousand Oaks, CA to the buyer, Townsgate Business Park LLC. The outside brokerage representation was by Delphi Business Properties and the value of the sales transaction was $13 Million

LOS ANGELES, Calif. - January 07, 2014 - (RealEstateRama) - Commercial real estate investment banking firm George Smith Partners has successfully arranged a $36 million bridge-to-perm loan for client Far West Management for the renovation of its property, Villa Del Mar Apartment Homes, a Marina Del Rey-waterfront, 196-unit, four-building multifamily complex with 209 boat slips, located on a leasehold, according to George Smith Principal and Managing Director Steve Bram and Senior Vice President David Pascale.

Orlando, FL - January 06, 2014 - (RealEstateRama) - CBRE arranged the sale of Madison Carrington Place, located at 129 E. Villa Capri Circle, DeLand, FL, for $14.3 million. The 224-unit apartment community was completed in 1987 and has a current occupancy of 97%. CBRE exclusively represented the seller in the transaction, Equus Capital Partners, LTD

Orange County, California - January 06, 2014 - (RealEstateRama) - Nominations are now open for the fourth annual SPIRE Awards, Orange County’s only commercial real estate industry awards program, which recognizes the achievements of men and women throughout Orange County. Nomination forms for the awards, which are due by Tuesday, January 20,

SAN RAMON, CALIF. - January 06, 2014 - (RealEstateRama) - Meridian Property Company, a full service real estate developer and owner of medical real estate, recently closed escrow on the sale of its last two remaining units at Meridian Professional Center in Bakersfield, Calif., a 63,776-square-foot, 11-building medical/office complex situated in Kern County developed and owned by Meridian. Colliers International of Bakersfield represented both the buyer and seller

Miami, FL - December 25, 2014 - (RealEstateRama) -- CBRE arranged the sale and financing of a 126,004-square-foot, bank-anchored office building, 9,249-square-foot retail strip center and standalone CVS drug store located on an 8.71-acre site at the intersection of West Flagler Street and SW 87th Avenue in Miami, Florida. Flagler West Corporate Park | The Centre at the Waterways, located at 8700-8750 W. Flagler Street, was acquired from Nationwide Theatres West Flagler, LLC, for $25 million by Flagler West Corporate Center, LLC. CBRE represented the seller in the transaction. For the buyer, CBRE Debt and Structured Finance originated an $18.75 million CMBS loan and a $2 million mezzanine loan. The loans are non-recourse, have 10-year terms and several years of interest-only payments

Fort Lauderdale, FL - December 22, 2014 - (RealEstateRama) -- CBRE arranged the sale of a 300-unit garden-style apartment community in Hollywood, Florida. Emerald Place, located on a 16.28-acre site at 3910 N. 56th Avenue, was acquired from Emerald Place, LLC, by Emerald Place Apartments, LLC. The CBRE South Florida Multifamily team lead by Calum Weaver and Robert Given represented the seller in the transaction

West Palm Beach, FL - December 22, 2014 - (RealEstateRama) -- CBRE arranged the sale and financing of an office portfolio consisting of six single-story medical and professional buildings on 10.61 acres in West Palm Beach, Florida. Metrocentre Corporate Park at 2500-2581 and 2440-2478 Metrocentre Boulevard was acquired from General Electric Credit Equities, Inc. for $8.825 million by Grover & Corlew, LLC. CBRE marketed the property on behalf of the seller. For the buyer, CBRE arranged a non-recourse bridge loan in the amount of $7 million from a mortgage REIT in excess of 75% of cost at an attractive

Miami, FL - December 22, 2014 - (RealEstateRama) -- CBRE arranged the sale of the Boca-Glades portfolio, a 330,438-square-foot opportunistic office portfolio comprising two Class A buildings and excess development potential, located in Palm Beach County’s prestigious Boca Raton submarket. The portfolio includes two of Boca Raton’s tallest, and most recognizable, office buildings: The Plaza, at 5455 Town Center Road, and One Town Center, at 1 Town Center Road. The portfolio was acquired, by Crocker Partners of Boca Raton, FL, from MetLife Real Estate Investors of Atlanta, GA.

WASHINGTON, D.C. - December 18, 2014 - (RealEstateRama) -- The American Institute of Architects (AIA) today praised the Senate’s vote to extend the 179D energy efficient commercial building tax deduction just prior to adjourning for the year

Coral Gables, FL - December 18, 2014 - (RealEstateRama) -- CBRE arranged the sale of two apartment properties totaling 36 units in Coral Gables, Florida. 1206 Douglas Road totals 20 units and 3-15 Santillane & 910 Douglas Road total 16 units. The properties were acquired from Sidonia, LLC/Truenorth Santillane, LLC by Fipro Holdings, LLC for $6 million or $166,667 per unit or $232 per square foot. CBRE represented the seller in the transaction

IRVINE, Calif. - December 18, 2014 - (RealEstateRama) -- Award-winning national architecture and planning firm KTGY Group, Inc. and JTS, a Baton Rouge-based developer, announce the development of Rouzan Village, the commercial and retail center of Rouzan, a 120-acre master plan residential community in the historic Southdowns neighborhood of Baton Rouge, Louisiana. The first phase of the new mixed-use community, designed by KTGY, is located near the intersection of Perkins Road and Glasgow Avenue and will feature approximately 80,000 square feet of retail anchored by Alamo Drafthouse Cinema, and up to 220 residential rental units including live/work studios

New York, NY - December 18, 2014 - (RealEstateRama) -- CRE // Tech Intersect has released its inaugural “CRE // Tech State of the Market Report 2014”. This resource guide includes one-page profiles on over 50 of today's emerging and established commercial real estate (CRE) oriented technology companies along with information on recent fundraising activity and commonly used acronyms

Plantation, FL - December 17, 2014 - (RealEstateRama) -- CBRE arranged the sale of 74 out of 150 luxury condominium units at Paragon Plantation at 741-791 N. Pine Island Road in Plantation, Florida. The assets were acquired from Falcon Carlyle, LLC, by Paragon Plantation Holdings, LLC, for $9.35 million, or $126, 351 per unit

Tampa, FL - December 16, 2014 - (RealEstateRama) -- CBRE arranged the sale of the former G. Pierce Wood Mental Health Facility near Arcadia in DeSoto County for $2.5 million. The Power Auto Corporation acquired the property from the Florida Department of Environmental Protection's (DEP) Division of State Lands. CBRE represented the DEP

Deerfield Beach, FL December 16, 2014 - (RealEstateRama) -- CBRE arranged the sale and financing of Quorum Business Center, a best-in-class 408,000-square-foot distribution and office portfolio located just south of Boca Raton in the Deerfield Beach submarket of Fort Lauderdale. Quorum Business Center, which is strategically located at the intersection of SW 10th Street and Military Trail and just west of Interstate 95, was acquired for $51 million, by Ivy Realty of Greenwich, Connecticut, from KTR Capital Partners of New York, New York. Quorum was 87% occupied at the time of acquisition