Physician staffing firm All Star Recruiting plans to more than double the size of its headquarters as it relocates to Deerfield Beach and creates dozens of jobs. Gary Broidis, principal of Atlantic Commercial Group, represented the company in signing a 30,000-square-foot office lease at 800 Fairway Drive. The company plans to relocate from its 12,000-square-foot…
A retail building in West Kendall leased to BJ’s Wholesale Club traded for $28.75 million. Cole BJ Kendall FL DST, managed by Equity Fund Advisors in Phoenix, sold the 133,969-square-foot building at 16200 S.W. 88th Street (Kendall Drive) to TCG Kendall LLC, an affiliate of West Palm Beach-based shopping center investor the Goodman Co. The…
A repossessed retail building in Plantation anchored by CVS pharmacy was sold for $6.2 million. In 2014, an affiliate of a commercial mortgage-backed securities (CMBS) trust called JPMCC 2004-CIBC10 Plantation Complex seized six buildings in Plantation Crossroads after foreclosing on Mercede Realty Associates’ $11.16 million mortgage. The lender, with LNR Partners acting as special servicer,…
North Miami-based IMC Equity Group now owns more than $1 billion in real estate after its $18 million acquisition of West Sunset Square in West Kendall. RREF WSS Acquisitions, an affiliate of Lennar Corp. (NYSE: LEN) subsidiary Rialto, sold the retail center at 15785 S.W. 72nd Street with about 65,000 square feet of leasable space…
The Palm Beach County commission approved the rezoning of a 37.4-acre site west of Boca Raton for commercial development. The property at 9905 to 9845 Clint Moore Road, on the corner of U.S. 441, has been owned by the Thomas family for decades and is the home of its Thomas Produce vegetable packing plant. The…
Florida regulators approved Plaza Health Network’s plan for a 134-bed nursing home in Miami-Dade County. The Florida Agency for Health Care Administration (AHCA) approved the application by Plaza Health at Red Red, an affiliate of the Miami Beach-based non-profit, on Aug. 19. It plans to build the $28.7 million project on the corner of Northwest…
A Miami-based company ranked first on the South Florida Business Journal’s list of commercial property management firms. The company earned the top spot based on its 18.42 million rentable square feet managed in South Florida as of July 2016. To see who topped the list, click through the photo gallery included with this post. Newcomers…
Rank Company / Prior (*Not ranked in 2015) / URL Sq. ft. managed, July 2016 Percent office Percent retail Percent industrial 1 JLL, 601 Brickell Key Drive, Suite 1000, Miami, FL 33131, 305-375-8000, us.jll.com 18416126 28.3999999999999986 46.2000000000000028 25.3999999999999986 2 CBRE, 777 Brickell Ave., Suite 900, Miami, FL 33131, 305-374-1000, cbre.com/florida 18044235 45 5.0 45 3…
Another group of Miami developers is looking to cash in on Miami’s luxury car collectors. Louis Birdman and Jay Massirman are leading the development of AutoHouse, a seven-story, 45-unit car storage with a “Collectors Club,” a spokesperson for the developer told The Real Deal. The project is in Miami’s Overtown neighborhood at 375 Northwest Seventh Street.…