Tag: Commercial
C&W Announces $166 Million in April Transactions
Cushman & Wakefield today released its April 2015 transaction report highlighting more than 3.1 million square feet of commercial real estate transactions valued at more than $166 million. The details of these transactions can be found below.
NAI Capital Represents Buyer and Seller in 81,975 SF Office Sale in Riverside
NAI Capital was instrumental in representing both the buyer and seller of Mission Lakes in Riverside, Calif. An undisclosed investor based out of New York, which specializes in purchasing underperforming real estate loans, had only owned Mission Lakes ...
NAI Capital Arranges $4.6 million sale at Valencia Industrial Center
NAI Capital arranged the sale of a large 44,548 square foot warehouse in Valencia, Calif., on behalf of the seller Mr. Harry E. Acker. Mr. Acker, purchased the warehouse in 1988 as the corporate headquarters for his electronics parts distributorship bu...
CBRE CLOSES $29 MILLION SALE OF ORLANDO APARTMENT COMMUNITY
CBRE Capital Markets arranged the sale of Laguna Oaks, a 360-unit gated community in Orlando, Florida. Located at 3211 S. Semoran Blvd., the lakeside property was acquired from Ram Realty Services by Avesta Communities for $29.15 million. CBRE’s She...
MODERNIZATION UNDERWAY AT BOUTIQUE TAMPA OFFICE TOWER
A renovation and modernization project began this weekend at Tampa’s Fifth Third Center, a boutique office property located at 201 East Kennedy Boulevard in Tampa, FL. Property owners Fairlead Commercial Real Estate and Bridge Investment Group Partn...
PRIME CIGAR & WHISKEY BAR SIGNS LEASE IN BRICKELL
CBRE has arranged a lease for Prime Cigar & Whiskey Bar at 1100 Millecento, the recently completed, 42-story residential tower at 1100 South Miami Avenue in Miami. The Boca Raton-based Prime, which describes itself as a “gathering place, a desti...
PERDUE FARMS RETAINS SVN ADVISORS FOR WORCESTER COUNTY ASSIGNMENT
John McClellan, CCIM and Ben Alder, both Senior Advisors with Sperry Van Ness - Miller Commercial Real Estate have been retained by Perdue Farms to represent them in the sale of the former Showell Poultry Complex. The property was acquired as part of P...
Lee & Associates of Illinois Announces Growth of the Retail Services Group with Four...
It is an exciting time for the Chicago office of Lee & Associates as we have been able to strengthen our retail bench with the addition of four exceptional retail brokers since the beginning of 2015. These brokers bring a combined 128 years of exp...
DOWNTOWN MIAMI RETAIL BUILDING TRADES FOR $27.2 MILLION
CBRE arranged the $27.2 million sale of Vizcayne Retail - 55,000-square-foot of ground floor retail plus 126 dedicated parking spaces located at the base of two 49-story condominium towers at the intersection of Biscayne Boulevard and N.E. 2nd Street i...
Lee & Associates – North San Diego County Negotiates $1.35 Million Industrial Sale
Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $1,350,000 sales transaction for an approximate 9,971 square-foot industrial building located at 344 North Vinewood Street in Escon...
Stiles Sells Landmark Office Asset on Brickell Avenue for Record Price in Miami, FL
The property was purchased by RREEF Property Trust, a real estate investment management business of Deutsche Bank, for $111.6 million or $533 per square foot. According to Stiles, the sale represents the highest price per square foot in the Brickell su...
1400 Block of Hudson Street to be Closed for Construction Work Beginning May 11,...
Construction activities will commence on May 11, 2015 on Hudson Street between 14th Street and 15th Street. During construction, which is expected to last four to six months, the 1400 block of Hudson Street will be closed to all vehicular and pedestri...
Graymark Buys Carlsbad Lionshead Building for $12.2 Million
DTZ, a global leader in commercial real estate services, announced today the $12.2 million sale of 3209 Lionshead Avenue, a 74,000 square foot, single-tenant corporate headquarters building strategically located in Carlsbad, CA
NAI Capital Announces Sale of 18-unit Live-Work Condominium Loft Complex in Ventura County
NAI Capital announced the $2.9 million sale of Oxnard Art Lofts, a live / work complex located in Oxnard, Calif. Zoned for industrial manufacturing and professional office space uses, Oxnard Art Lofts was designed to have the professional and industria...
IEC: Un-Loved Deals Do Exist In Great Locations
In a market where value-add commercial real estate is increasingly difficult for investors to find, Interstate Equities Corporation (IEC) has proven that “un-loved” deals are still out there. The firm has just acquired an off-market, 34-unit multif...
Lee Oakland represents Wang Brothers Investments in a Sale Transaction in Richmond, CA
The Parkway Business Center in Richmond California has sold. This property is comprised of three flex/office/industrial buildings totaling 87,785 square feet on 9.8 acres with 3 acres of developable land. The buyer, Wang Brothers Investments, was able ...
EAST COAST PORTS GAINING GROUND, ACCORDING TO CBRE’S “NORTH AMERICA PORTS LOGISTICS ANNUAL REPORT”
East Coast ports are growing at a faster rate than their West Coast counterparts, according to the inaugural edition of CBRE Group, Inc.’s “North America Ports Logistics Annual Report.” But even as the East Coast ports are gaining ground, the po...
Lee & Associates – North San Diego County Completes $25.4 Million Sale of Sam’s...
Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed the $25,400,000 investment sale of two retail buildings located in the Big Bend Crossing shopping center of Crestwood, Missouri, a S...
CBRE CAPITAL MARKETS ARRANGES $54 MILLION SALE OF MULTIFAMILY COMMUNITY IN CENTRAL FLORIDA
CBRE Capital Markets arranged the sale of The Park at Laurel Oaks, a 552-unit apartment community in Winter Springs, Florida, about 15 minutes outside of Orlando. The gated community, located at 1 Laurel Oaks Drive, was acquired from Laurel Oaks, LLV b...
GEORGE SMITH PARTNERS SECURES $22 MILLION IN FINANCING FOR THE ACQUISITION OF A...
Commercial real estate investment banking firm George Smith Partners has successfully arranged $22 million in financing for its client, Optimus Properties, LLC and Infinity Redevelopment, LLC, for the acquisition of Juanita Tate Marketplace, a 77,000 s...
Office and Medical Leasing is Heating up in the San Fernando Valley
NAI Capital Senior Vice President Jeremy Barbakow, with the Encino office, who specializes in office and medical leasing in the San Fernando Valley, represented landlords and tenants in nine office leases in Sherman Oaks, Encino and Tarzana, eight of w...
CBRE PARTNERS WITH REBUILDING TOGETHER TAMPA BAY TO HELP FAMILY IN NEED
On April 25, 2015, dozens of CBRE volunteers partnered with Rebuilding Together Tampa Bay (RTTB) to assist a local family in need as part of National Rebuild Day. The selected homeowners Michael and Dorene Franklin have been living in their Sulphur Spr...
GoPro to Anchor Cruzan’s “MAKE” Coastal Redevelopment
DTZ, a global leader in commercial real estate services, announced today that it has represented developer Cruzan in its 45,000 square foot lease with GoPro (NASDAQ: GPRO), enabler of some of today’s most engaging content, at Cruzan’s “MAKE” co...
NEW JERSEY LT. GOVERNOR KIM GUADAGNO ATTENDS SIEMENS HEALTHCARE DIAGNOSTICS BUILDING DEDICATION AND RIBBON...
Siemens Healthcare Diagnostics, in conjunction with Siemens Real Estate (SRE) will unveil an expanded state-of-the-art production facility and reconfigured workspace at a special building dedication and ribbon-cutting event. The site expansion and ren...
CBRE ARRANGES SALE OF LUXURY MULTIFAMILY COMMUNITY IN EAST ORLANDO
CBRE Capital Markets arranged the sale of Century Waterford Lakes, located at 12101 Fountainbrook Blvd., Orlando, FL. The 400-unit apartment community was completed in 2000 and has a current occupancy of 92%. CBRE exclusively represented the seller in ...
Smart & Final Extra! Leases 42,000 SF at Lemon Grove Plaza in Oxnard
Smart & Final Extra!, a new concept store by Smart & Final that expands the space and services of the company’s brand, has signed a long-term, $13.9 million lease for 42,200 square feet in the Lemon Grove Plaza, located at 2021 N. Oxnard Blvd...
CBRE ARRANGES $13.1M SALE OF FORT LAUDERDALE OFFICE CAMPUS
CBRE arranged the sale of Merrill Lynch Plaza, a 77,878-square-foot premier office campus situated on approximately 1.72 acres in eastern Fort Lauderdale, Florida. The property at 2601-2611 East Oakland Park Boulevard was acquired from BE ML FLL LLC f...
Colliers International Announces Recent Transactions
Colliers International, a leading global real estate services and investment firm, today announced the following transactions. Sales (April 19, 2015) Morrill & Janes Bank and Trust Company sold 14 acres of commercial land located at 15310 S Mahaff...
CBRE REPS BUYER OF SINGLE TENANT WESTSHORE PROPERTY IN TAMPA, FL
CBRE arranged the purchase of a 30,039-square-foot single tenant property leased to Concorde Career Institute at 4202 and 4210 Spruce Street in Tampa, Florida. RL Concorde LLC acquired the two-building property for $6 million.
Lerner Announces Capital One To Open 136,000 Square Foot Office In 1750 Tysons Boulevard...
Lerner Enterprises, one of Washington, D.C.'s largest private real estate developers based in Rockville, Maryland, is pleased to announce that Capital One has signed a lease for 136,000 square feet at 1750 Tysons Boulevard in The Corporate Office Centr...
