Univision wants to sell an office building it formerly occupied in Doral. The 79,271-square-foot building at 1900 N.W. 89th Place was vacated by the New York-based Spanish language media giant after it expanded into nearby offices in 2015. Avison Young’s John K. Crotty and Michael T. Fay are representing Univision as it’s asking $12.75 million…
The Commodity Futures Trading Commission’s poor real estate decisions could cost taxpayers up to $74 million. That’s according to a new Government Accountability Office report that found the financial regulatory agency occupies only 78 percent of the 435,000 square feet of space it rents in Washington, D.C., New York City, Chicago and Kansas City. These…
1900 Northwest 89th Place Spanish media giant Univision has placed its Telefutura program’s former Doral offices on the market with an asking price of $12.75 million. The listing, announced by brokerage Avison Young, covers Univision’s old two-story building at 1900 Northwest 89th Place, from which the media company recently moved. With 79,271 square feet of…
In one of the largest industrial leases in Miami-Dade County this year, Neutralogics will expand into Medley with a 105,920-square-foot lease. Cushman & Wakefield’s Wayne Ramoski and Gian Rodriguez represented landlord L&B Realty Advisors in the deal while Blanca Commercial Real Estate’s Juan Ruiz represented the tenant, a logistics firm. It is the first tenant…
Downtown Miami skyline Technology firms have doubled their South Florida footprint from 2013 to 2015, according to a new report released by CBRE. Via CBRE The tech sector accounted for nearly 848,500 square feet in new office leases in 2015, an increase of more than 83 percent from 2014 and more than double the space…
An office building in South Miami was acquired for $9.86 million and should soon undergo renovations. ISM Properties, formerly known as Market Properties, managed by Arie Market in Israel, sold the 60,928-square-foot office building to 7800 Red Road LLC. The buyer, an affiliate of South Miami-based Market Street Real Estate led by Allan Serviansky, obtained…
Cypress Financial Center in Fort Lauderdale As vacancies continue to drop in South Florida’s real estate markets, landlords are inking noteworthy deals seemingly every week. Check out a roundup of some of the region’s biggest leases after the jump. Airport North Logistics Park Phase One Neutralogistics Neutralogistics, a rapidly growing freight management company, is the…
Miami Beach officials will consider two significant development proposals, a mixed-use building by Turnberry Associates and a new hotel. Both items will go before the city’s Planning Board on April 19. Aventura-based Turnberry Associates, the developer of the Aventura Mall headed by the Soffer family, had its affiliate 1681 Ventures LLC submit an application to…
Business groups ranging from the Alabama Restaurant & Hospitality Alliance to the Western Suppliers Association have sent a letter to Congress urging it to block the Department of Labor’s proposed rule expanding overtime pay. In all, 240 organizations signed the letter in support of the Protecting Workplace Advancement and Opportunity Act. The bill would force…
Former Cushman & Wakefield commercial brokers Jon Blunk, Laurel Oswald and Cristina Glaria have left the firm to form their own company. Miami-based Tower Commercial Real Estate already manages a 3 million-square-foot portfolio of Class A office space. In the past year, this team closed 71 transactions, including 560,000 square feet of leases with a…