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11/17/2017
CoStar's People of Note (Nov. 17) - Levy Lands at Crow, DePizzol Departs for NKF, Burdette Joins JLL...
The following companies announced personnel moves this week: Crow Holdings, Newmark Knight Frank, JLL, Avison Young, Kidder Matthews, Transwestern, JAG and Cushman & Wakefield | Thalhimer.img.pon{display: block; padding: 5px; width: 25%; max-width:180px...

11/08/2017
Older Shopping Centers Targeting Non-Traditional Tenants
Broker Bill Reichel, president and owner of Reichel Realty & Investments, Inc. of Palm Beach Gardens, FL, could see the writing on the wall. The leasing manager for Nassau Square shopping center, at 75677-7781 Lake Worth Rd. in suburban Lake Worth...

10/30/2017
CoStar Market Insights: Sales Activity of Existing Multifamily Properties Across Florida Focusing on Value Add Renovations to Increase Rents While New Product Continues Flying Off Shelves in South Florida
By: Danielle Grimelli and Evan Snow, CoStar Market Analytics.Looking across the Sunshine State, the Daytona Beach metro has enjoyed strong rent growth and a historically low vacancy rate that surpassed the national level starting in 2014. Strong job growth...

10/24/2017
Airbnb, Miami Developer to Offer Home-Sharing Apartments
Airbnb and Newgard Development Group of Miami are partnering to offer home sharing in new apartment buildings to be built the Southeast, with the first project planned for Kissimmee, FL, near Orlando. The 324-unit building will be called Niido Powered...

10/17/2017
Bascom Group, Milestone Real Estate Form Joint Venture
The Bascom Group in Irvine, CA and Century City’s Milestone Real Estate Partners have formed a joint venture partnership called Bascom Milestone Ventures. Milestone plans to invest more than $50 million of sponsor capital over the next three years...

10/04/2017
Duke Realty Buying 12-Property Logistics Portfolio in CA, FL, NJ
Duke Realty Corp. (NYSE: DRE) has agreed to acquire a 10-building, 3.4 million-square-foot industrial portfolio plus two development parcels in Southern California, Northern New Jersey and Florida from Chicago-based Bridge Development Partners, LLC. The...

09/25/2017
Beacon Communities Acquires 59-Property Apt. Portfolio for $250 Million
Boston-based private multifamily firm Beacon Communities has acquired a Pittsburgh-based design-build company and its portfolio of apartment properties totaling 5,300 units in Florida, Louisiana, Kentucky, West Virginia, Ohio and Washington, D.C. in a...

09/20/2017
Retail Condo Trades for $508 PSF in Sale Leaseback
Maloomian Properties acquired an office condo at 1770 San Marco Rd. in Marco Island, FL from Mutual of Omaha Bank for $3.1 million, or about $508 per square foot, in a sale-leaseback deal. The 6,105-square-foot retail condominium was built in 2004...

09/20/2017
Posh Plum Renews Lease in Naples
Posh Plum Furniture Consignment signed a five-year lease renewal for 12,000 square feet at 2840 Tamiami Trail N in Naples, FL. The 12,000-square-foot building sits on Ninth St. at the intersection of Harbour Dr. in the North Naples submarket. It was...

09/20/2017
Teen Challenge Renews Lease in Fort Myers
Teen Challenge signed an 11,680-square-foot renewal at 15631-15681 San Carlos Blvd. in Fort Myers, FL. The 11,680-square-foot retail building was built in 2002 in the S. Ft Myers / San Carlos submarket. Nicholas Paulus of Invest Realty LLC represented...

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