Commercial Real Estate News and Press Releases

Miami, FL – November 11, 2013 – CBRE has been selected by VITAS Innovative Hospice Care® to provide tenant representation services in all of its locations. Headquartered in Miami, Florida, VITAS operates 52 hospice programs in 18 states, or approximately 900,000 square feet of healthcare facilities. CBRE has provided tenant representation for VITAS since 2007. more »

SAN BERNARDINO, CA – November 8, 2013 – (RealEstateRama) — Marc Piron, Senior Vice President with NAI Capital’s Riverside office and Lidia Talavera, Vice President with the Ontario office, represented the Seller, Jara Holdings Second, LLC, in the sale of a 35,640 sq. ft. office property located at 1094 South E Street in San Bernardino, CA to the Buyer, MTK SoCal Investments, LLC. The value of the sales transaction was $4.6 million. more »

Jacksonville, FL – November 8, 2013 – (RealEstateRama) — CBRE’s Capital Markets Group arranged the sale of Plantation Commons, a 121,402-square-foot Class A retail center located at 4495 Commons Drive West, Destin, Florida. Continental Realty Corporation of Baltimore, MD acquired the property for $13.325 million, or $109.76 per square foot. The property was 70.2% occupied at the time of sale. CBRE Senior Vice President Casey Rosen and Senior Vice President Cliff Taylor represented the seller. more »

Leading commercial real estate publication celebrates top professionals from across the country

ATLANTA – November 7, 2013 – (RealEstateRama) — Carter, one of the country’s leading real estate investment, development and advisory firms, is pleased to announce that Scott Cloud, senior vice president, has been named one of Real Estate Forum Magazine’s “45 Under 40.” more »

Fort Lauderdale, FL – November 7, 2013 – (RealEstateRama) — CBRE has been selected by property owner NTS Realty Holdings as the exclusive leasing agent for Lakeshore Business Center, a four-building, 239,540-square-foot Class B office/flex campus located within the Fort Lauderdale Commerce Center in Fort Lauderdale, Florida. The property is currently 73% occupied. Tenants include ECI Telecommunications, Embry Riddle Aeronautical University, Evolis, Inc., John Kirlin, Inc., and Reynolds, Smith & Hills. more »

Tampa, FL – November 6, 2013 – (RealEstateRama) — CBRE Tampa is pleased to announce the addition of three new professionals to the firm’s Industrial Services team: Rian Smith, First Vice President; Kostas Stoilas, Senior Associate; and Kris Courier, Associate. Previously with Cushman and Wakefield in Tampa, these professionals collectively bring over three decades of industrial sales and leasing experience to CBRE. more »

LOS ANGELES, CA – November 6, 2013 – (RealEstateRama) — Mario Gandara and Kevin Kawaoka with NAI Capital’s West L.A. office completed another successful Westside apartment transaction. They represented the Buyer, Ena1LLC, in the purchase of a 21 unit apartment building located at 1212 10th Street in Santa Monica, CA from the Seller, Abouaf Family Trust. The value of the sales transaction was $3.4 million. more »

Miami, FL – November 5, 2013 – (RealEstateRama) — CBRE arranged the sale of a 211,000-square-foot distribution facility in the Sunshine State Industrial Park. Denver-based DCT Industrial Trust purchased the bulk distribution facility at 1400 NW 159th Street, Miami Gardens, Florida from a subsidiary of Aventura-based Groupe Pacific for $11.8 million, or $56 per square foot. The property was 100% occupied at the time of sale. CBRE represented the buyer and Infinity Commercial represented the seller. more »

NAI Global Economic Briefing Highlights Bright Spots in Commercial Real Estate

Deferred renovation projects in all sectors driving growth

NEW YORK, NY – November 4, 2013 – (RealEstateRama) — Despite continuing economic and political uncertainty, US commercial real estate markets are reacting favorably, although predictably, with some sectors – notably multifamily and industrial – demonstrating improvement and growth potential, according to Dr. Peter Linneman, Chief Economist of NAI Global. Linneman presented an economic outlook during a recent webcast for NAI Global Members and clients that was led by Jay Olshonsky, President of NAI Global. more »

Orlando, FL – November 4, 2013 – (RealEstateRama) — CBRE’s Debt & Equity Finance Group has secured $25 million in construction financing on behalf of Emerson International, based in Altamonte Springs, for Sanctuary at Eagle Creek Apartments, a 268-unit, Class A multi-housing development near Orlando Airport. American Momentum Bank originated the interest-only construction loan at an aggressive rate. more »