Archives

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

NORTH HOLLYWOOD, CA - December 16, 2014 - (RealEstateRama) -- Christopher Arvizu, Vice President with NAI Capital’s Orange County office represented the seller, SOCAL MACAPITAL, LLC, in the sale of a 12-unit multifamily property located at 6648-6650 Lemp Avenue in North Hollywood, CA to the buyer, Duck and Cover Productions

WEST COVINA, CALIF. - December 15, 2014 - (RealEstateRama) -- CBRE Senior Vice President Philip D. Voorhees announced today that he and the National Retail Investment Group – West (NRIG-West) team completed the sale of South Hills Plaza, a 120,589-square-foot community shopping center in the city of West Covina, CA. South Hills Plaza is anchored by Marukai Market and 24 Hour Fitness, along with national brand names and regional favorites including Taco Bell, Subway, USPS, and Charter Communication. The sale price was $20,695,000, representing a 6.8% cap rate

Los Angeles - December 10, 2014 - (RealEstateRama) -- CBRE Group, Inc., the world’s largest commercial real estate services and investment firm, today announced the launch of its new global brand positioning – transforming real estate into real advantage – along with a platform to express the positioning inside and outside the company, Build on Advantage

WASHINGTON, D.C. - December 9, 2014 - (RealEstateRama) -- Introduction to the types of commercial properties, the terminology used for each type of property and how each property is classified. This program includes an introduction to the basics of office, retail and shopping centers, industrial and warehouse, senior living, special purpose, hotels and hospitality property, multifamily development, farm and ranch and others

BOSTON - December 8, 2014 - (RealEstateRama) -- On behalf of The Davis Companies and Principal Real Estate Investors, CBRE/New England announces that two leases totaling 27,868 square feet have been executed at The Center at Corporate Drive in Burlington, Massachusetts. Ryan, an award-winning global tax services firm, renewed its 10,691 square foot lease at 25 Corporate Drive. Endurance International, a leading provider of cloud-based platform solutions for small- and medium-sized business owners, renewed and expanded for 17,177 square foot at 10 Corporate Drive.

SAN DIEGO, California, - December 8, 2014 - (RealEstateRama) -- SR Commercial, a privately held, full-service commercial real estate investment company, has completed a full-cycle repositioning project in Vista, California with the $13.55 million sale of a 128,531 square-foot, Class A industrial property. SR Commercial acquired the property in February 2013 for $79 per-square-foot and was able to sell the building for $105.50 per-square-foot after implementing its strategic rehab and repositioning plan, according to CJ Stos, a Principal at SR Commercial

Tampa, FL - December 8, 2014 - (RealEstateRama) -- CBRE completed a lease for one of the single-story Class B office buildings located in the Tampa International Business Center at 5301 Idlewild Avenue in Tampa, FL. WellCare Health Plans, Inc., a provider of health care insurance solutions, will expand into the 76,120-square-foot building owned by TerraCap Management, LLC.

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