Archive for Industry News

Financing Fuels New Miami Retail Sales

Nov 30, 2010 No Comments

In Miami-Dade, low interest rates and expanding financing capacity ensure single-tenant properties will receive considerable attention when brought to market, according to Marcus & Millichap.

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Las Olas City Centre Wins TOBY

Nov 23, 2010 No Comments

Stiles Property Management announced today that Las Olas City Centre has received The Outstanding Building of the Year (TOBY) Office Award from the local Fort Lauderdale/Palm Beaches Building Owners and Managers Association (BOMA).

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And The Winner In The Bid For Miami Tower Is…

Nov 22, 2010 No Comments

Looks like Miami Tower will have a new owner by the end of the year, with a winning bid of about $120 million.

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Tibor Hollo Poised To Start New Project

Nov 19, 2010 No Comments

Tibor Hollo is close to beginning construction on the first post-downturn mixed-use development.

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Procacci Achieves Zurich Certification

Nov 12, 2010 No Comments

Procacci Development Corporation, a full service real estate developer based in Boca Raton, has achieved Zurich Insurance HPR (Highly Protected Risk) certification. Procacci earned this certification by exceeding standards created to allow both structures and businesses the ability to weather significant storm events and sustain stability.

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Norm Adams/Liz Glaria Sign 21,000 sf Expansion

Nov 10, 2010 No Comments

Stiles Realty announced today that Guarantee Insurance has signed a five-year lease expansion for 21,000 square feet of office space at the 408,079-SF Las Olas City Centre in downtown Ft. Lauderdale.

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Benson Closes 34,000sf Deal

Nov 03, 2010 No Comments

Lance A. Benson, Vice President, Grubb & Ellis Tenant Advisory Group, represented Independent Living Systems, a healthcare management services company, in a long-term lease of 34,080sf at 5201 Blue Lagoon Drive in Waterford at Blue Lagoon.

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Michael Rauch Opens Boutique Firm

Nov 03, 2010 No Comments

Commercial real estate broker, property manager and investor, Michael W. Rauch, has opened a new boutique brokerage, investment and property management firm, Rauch, Hartman, Sherer & Co., Chartered Commercial Real Estate Advisors, located in Boca Raton.

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Marcus & Millichap Keeping Busy

Nov 03, 2010 No Comments

Marcus & Millichap has announced the sale of three properties in South Florida, including two office buildings, a shopping center and a multifamily property, totalling just over $15 million.

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Commercial Florida Leases 30,000 SF at Hillsboro Center-Office Tower

Oct 28, 2010 No Comments

Dart Container Sales Company expanded and extended its lease for a total of 23,191 square feet and Your Home Advantage expanded its lease at the complex by 4,003 square feet to 6,483 square feet. With these two recent transactions Hillsboro Center–Office Tower is now 89 percent leased.

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Brother and Sister Team Form New CRE Company

Oct 27, 2010 No Comments

Jay Whelchel and Kristy Whelchel Hartofilis have joined forces to open Whelchel Partners Real Estate Services, Inc., specializing in leasing, property management, sales and other custom real estate services for the office, medical, retail, industrial and mixed-use sectors.

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West Palm’s Transit Village Plan Is A Go

Oct 22, 2010 No Comments

On Tuesday, the Palm Beach County Commission approved Transit Village LLC, a company managed by Boca Raton businessman Michael Masanoff, as the developer for the 5.7-acre site known as “the wedge.” The project calls for 600,000 to 950,000 square feet of office, educational and retail space, plus hotel and housing units.

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