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Commercial Real Estate News
South Florida
Commercial Real Estate News
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Transit-Oriented Developments in the Pipeline Across South Florida
Link at Douglas is expected to break ground later this year as a $464 million, game-changing development in South Miami. The project, a joint venture between 13th Floor Investments and the Adler Group, will have 1,375 units of residential, 280,000...

Atlanta Investor Acquires Large Portfolio from Piedmont Office Realty Trust
Pictured: Piedmont Pointe I in Bethesda, MD.An Atlanta-based subsidiary of Utah's Bridge Investment Group is making a major statement with the acquisition of more than a dozen office properties in eight markets across the United States. Bridge Office...

Starwood Property Trust Snaps Up Another Florida Affordable Housing Portfolio for $600M
Starwood Property Trust Inc. (NYSE: STWD) has agreed to buy 28 properties with a combined 6,185 affordable housing units in Orlando, Tampa and other major Florida markets for $600 million. Starwood, the nation's largest commercial mortgage REIT, announced...

Macy's Adds Seven More Stores to Closure List to Bring Total in Latest Round to 11
Macy's on Thursday announced 11 more store closings including seven that weren't previously disclosed. They include one in downtown Miami as well as Macy's stores in Gainesville, FL; Novato, CA; Terre Haute, IN; Fort Gratiot Township, MI; Cincinnati...

Miami Worldcenter Gets $43M in Financing
Miami Worldcenter Rendering Miami Worldcenter developers said they have secured a $43 million construction loan, bringing financing for the massive mixed-used project in downtown Miami to about $500 million. Fifth Third Bank provided the new loan...

Tax Changes Seen as Boon for South Florida Commercial Real Estate, Pros Say
Some real estate professionals insist the Tax Cuts and Jobs Act hurts homeowners, but the impact on commercial real estate is largely seen as positive. The National Association of Realtors (NAR) says it's concerned that the bill reduces tax benefits...

Bridge Direct Leases 25,000 SF in Boca Raton
The Bridge Direct, Inc. expanded into 24,860 square feet on the fourth floor of the FNBCC Plaza @ 301 Yamato office building in Boca Raton, FL. Previously the toy company occupied smaller offices in the building. This will be the company's third...

CRC Pays $21.3M for Ridge Plaza Shopping Ctr
Continental Realty Corporation acquired the Ridge Plaza shopping center in Davie, FLK for $21.3 million, or about $137 per square foot, from Regency Centers Corporation. The center delivered in 1985 at 9000 - 9200 W. SR-84, in the Plantation submarket...

CenterPoint Properties Pays $17.5M for Miami Industrial Facility
CenterPoint Properties acquired the industrial property at 3355 NW 114th St. in Miami, FL from Cape Florida Investments (USA) LC for $17.5 million, or about $135 per square foot. The 130,000-square-foot building delivered in 2008, located next to...

YMCA Renews 22,000-SF Lease in Fort Lauderdale
The YMCA Association has renewed its lease of 21,533 square feet in the Bank United Building at 900 SE 3rd Ave. in Fort Lauderdale, FL. The three-story office building totals 46,695 square feet and was built in 2000. The YMCA’s lease includes the...

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