Three bank branch buildings in Broward County changed hands as part of a national portfolio sale between Gramercy Property Trust and Pontus Capital. The three transactions in Broward County between First States Investors 6000D, an affiliate of New York-based Gramercy Property Trust (NYSE: GPT), and Pontus Vault Portfolio, an affiliate of Pontus Capital in La…
A Chicago-based real estate firm acquired a retail building in the heart of Miami’s Coconut Grove for $23 million. RKF Managing Director Benjamin Mandell said he represented L3 Capital in the acquisition of the 28,731-square-foot retail building at 3034 Grand Ave. from Grove Corner LLC, managed by Peter Gardner. The deal equates to $801 per…
A Pembroke Pines office center ranked first on the South Florida Business Journal’s list of executive office suite centers. The office center earned the top spot based on its 96,996 total rentable square footage. To see who else topped the list, click through the photo gallery included with this post. The complete executive office suite…
Rank Center / Prior (*Not ranked in 2015) / URL Total rentable sq. ft. No. of suites Suite size range sq. ft. Monthly rental range Building type Leasing company 1 Pembroke Pines Professional Suites, 9050 Pines Blvd., Pembroke Pines, FL 33024, 954-613-4204, pppc.adlergroup.com 96996 45 57 – 518 285 – 1380 A Adler Realty Services…
When Florida East Coast Industries announced a few years ago that it would build two office buildings as part of its passenger rail station in downtown Miami, the prospects for landing tenants were uncertain because the office market was just bouncing back. But about a year before Two MiamiCentral is slated to open, the project…
Six centers are new to this year’s list of executive office suite centers. One of them, Pembroke Pines Professional Suites, came out on top. The 25 listed centers have a total of 697,346 rentable square feet distrubuted among 1,742 suites. Monthly rents range from $249 to $14,000. The majority of the centers listed offer flexible…
• South American concept Quinto La Huella will open May 23 at EAST, Miami, within Brickell City Centre. The restaurant will feature wood-fire ovens, a sushi counter highlighting Florida’s coastline, and outdoor dining. (305) 712-7000 or www.quintolahuella.com. • Latino Envios, at 5321 N. State Road 7 in Tamarac, has signed on with U-Haul to offer…
Midtown Miami
1. Midtown Miami’s newest residential project is going through approvals [The Next Miami]
3. Miami Dade College grabs grand, unused old Miami U.S. courthouse [Miami Herald]
3. Miami shouldn’t give up in face of sea-level rise [Miami New Times]
4. New real estate component in S&P Index could leave financial stocks adrift [WSJ]
— Katherine Kallergis
South Florida Distillers will move its rum production facility to a new 4,600-square-foot space in Fort Lauderdale next month, the South Florida Business Journal has learned. The company expects to relocate to 2608 South Federal Highway, in a space attached to a 6,000-square-foot bar venue available for rent. The larger facility allows South Florida Distillers…
Two big development applications were filed in Doral in recent months: an extended-stay hotel and a building that would have both mini storage and office space. Both items are being reviewed by city staff and have yet to be scheduled for a city council hearing. The Hawthorn Suites by Wyndham would be an 82-room hotel…