Bridge Office Secures 115K-SF Office Lease in Miami
Bridge Office Fund Manager has secured a 115,358-square-foot office lease for tenant Cano Health at Flagler Station in Miami. Cameron Tallon of JLL represented Bridge in the transaction. Cano Health previously occupied 29,834 square feet at the park and is one of the country’s largest senior health providers. Cano Health operates its headquarters at Flagler […]
JLL Taps Melissa Quinn and Lee Weaver to Co-Lead Capital Markets in Florida
JLL Capital Markets has tapped Melissa Marcolini Quinn and Lee Weaver as Senior Managing Directors to oversee their respective office’s debt and equity platform. In their new roles, Quinn will co-lead the Orlando capital markets office alongside Senior Managing Director Brad Peterson, and Weaver will join Senior Managing Director Matt Mitchell as the Tampa capital […]
CIM Group Disposes Mixed-Use Development Spanning Miami City Block
CIM Group has sold Strata Wynwood, a recently completed mixed-use development with 257 apartment residences, 60,300 square feet of creative office space, 27,040 square feet of retail and 474 parking spaces in the Wynwood Arts District of Miami, FL. The company co-developed Strata Wynwood with One Real Estate Investment. Spanning a full city block along […]
Avanti Way Secures Hoffner Commerce Center in Orlando for $22M
Miami, FL-based Avanti Way Capital has acquired Hoffner Commerce Center, a 94,000-square-foot multi-tenant office building in Orlando, FL for $22 million. The 10.5-acre site is located at 5442 Semoran Boulevard in Orlando, FL. Marcus & Millichap represented the seller, a private investor under the entity Hoffner Center, LLC; Avanti Way Realty represented Avanti Way Capital […]
CRE Career Move Roundup – Florida
Connect CRE traditionally receives a tsunami of new-hire announcements at the beginning of each new year, and Florida is certainly a big source of that swell! Here’s a collection of recent commercial real estate career moves that have taken place throughout the Sunshine State. Matthew Brown has joined NAI/Merin Hunter Codman in West Palm Beach […]
DeSantis Signs $711M Affordable Housing Package into Law
Florida Gov. Ron DeSantis on Wednesday signed Senate Bill (SB) 102, the Live Local Act, representing the largest investment for housing efforts in state history. The bill will invest $711 million through the Florida Housing and Finance Corporation (FHFC) into multiple programs to expand the availability of housing, down payment assistance and focused support for […]
Marcus & Millichap Closes Five-Property Vehicle Storage Portfolio Sale
Marcus & Millichap has announced the sale of a 1,499-unit, five-property Cuzin’s Vehicle Storage portfolio located in Bonita Springs, Fort Myers, Largo, and Sarasota, FL. Perlmuter and Marcus & Millichap’s Nathan Coe, Gabriel Coe and Brett Hatcher represented the seller, and procured the buyer, Macritchie Inc. Ryan Nee, senior vice president and division manager, is […]
THE REAL DEAL: Shopping center in Oakland Park sells for $11M
An 11.5-acre shopping center in Oakland Park sold for $10.7 million. Records show Country Wide Mortgage Funding LLC sold two buildings at 2899-2901 West Oakland Park Boulevard that make up The Shoppes of Oakland Forest. The buyer is ACS 2901 LLC. Country Wide Mortgage Funding LLC is managed by Scott Daiagi of Scozak Realty Trust. ACS […]
How Millennials are Shaping the South Florida Real Estate Market
The best way to figure out where South Florida’s real estate markets are headed is by examining the preferences of the millennial generation. Whether it comes to going out to eat or buying clothes, they prefer to do it online. A trip to the mall is usually taken for entertainment rather than a shopping spree. […]
The Impact of COVID-19 On South Florida Real Estate
The coronavirus pandemic that is sweeping the globe has had a massive impact on financial markets and the economy in general. In South Florida, many commercial and residential property owners are naturally concerned about the price points of real estate. However, the good news is that amidst the COVID-19 crisis, South Florida’s real estate market […]