<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[South Florida Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[Retail Por of Sony Music Bldg Trades for $22.5M]]></title><link><![CDATA[http://www.costar.com/News/Article/Retail-Por-of-Sony-Music-Bldg-Trades-for-$225M/148728?ref=/News/Article/Retail-Por-of-Sony-Music-Bldg-Trades-for-$225M/148728&src=rss]]></link><description><![CDATA[New York-based real estate company Omnispective Management Corporation sold the 8,550-square-foot retail portion of the 71,846-square-foot Sony Music Building at 605 Lincoln Rd. in the heart of the Miami Beach Art Deco District.

Thor Equities LLC and ASB Capital Management LLC purchased the high-street retail for $22.5 million, or about $2,600 per square foot.  At the time of sale, the <a href="http://www.showcase.com/retail-space" target="_blank">retail space</a> was fully occupied by three tenants: Starbucks...]]></description><author><![CDATA[Esmeralda McKie <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 07:10:57 GMT]]></pubDate></item><item><title><![CDATA[Shoreline Aviation Leases 55,000 SF at Airside]]></title><link><![CDATA[http://www.costar.com/News/Article/Shoreline-Aviation-Leases-55000-SF-at-Airside/148717?ref=/News/Article/Shoreline-Aviation-Leases-55000-SF-at-Airside/148717&src=rss]]></link><description><![CDATA[Shoreline Aviation has leased 54,500 square feet in the Airside building at 1800 SW 34th St. in Fort Lauderdale, FL.

The 59,200-square-foot airplane hangar was built in 1972 and completely redone in 1999. The cross-dock industrial facility is located on 11 acres nearby the Fort Lauderdale-Hollywood International Airport.

Harry Tangalakis, Larry Genet and Tom O'Loughlin of CBRE represented the landlord, Airside Fort Lauderdale LLC in negotiations...]]></description><author><![CDATA[Brandon Norris <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 02:38:12 GMT]]></pubDate></item><item><title><![CDATA[Oswald Joins Cushman & Wakefield]]></title><link><![CDATA[http://www.costar.com/News/Article/Oswald-Joins-Cushman-Wakefield/148715?ref=/News/Article/Oswald-Joins-Cushman-Wakefield/148715&src=rss]]></link><description><![CDATA[Laurel Oswald has joined the Miami, FL office of Cushman & Wakefield, Inc. as a director.  In her new role she will utilize her agency leasing experience to drive agency leasing efforts in the South Florida market.

Oswald brings more than 10 years of experience dealing with everything from suburban mid-rise product to downtown high-rise buildings. She most recently served as senior vice president at Transwestern, where she has been since 2005....]]></description><author><![CDATA[Brandon Norris <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 02:17:10 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 12 - 18)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
 
DETROIT
Farbman Group Promotes Gutman, Kalil 
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of ]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 09:02:42 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  South Florida's Industrial Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-South-Floridas-Industrial-Deliveries-Construction-and-Inventory/148617?ref=/News/Article/Market-Trend-South-Floridas-Industrial-Deliveries-Construction-and-Inventory/148617&src=rss]]></link><description><![CDATA[During the first quarter 2013, eight buildings totaling 1,043,901 square feet were completed in the South Florida Industrial market area. 

This compares to two buildings totaling 58,655 square feet that were completed in the fourth quarter 2012, one building totaling 189,906 square feet completed in the third quarter 2012, and 146,155 square feet in five buildings completed in the second quarter 2012.

There were 875,406 square feet of Industrial...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 16 May 2013 07:03:17 GMT]]></pubDate></item><item><title><![CDATA[DDR Buying 30 Shopping Centers from Blackstone JV]]></title><link><![CDATA[http://www.costar.com/News/Article/DDR-Buying-30-Shopping-Centers-from-Blackstone-JV/148602?ref=/News/Article/DDR-Buying-30-Shopping-Centers-from-Blackstone-JV/148602&src=rss]]></link><description><![CDATA[Blackstone Group LP will sell its interest in a portfolio of power centers across the country to joint-venture partner DDR Corp. (NYSE: DDR) for $1.46 billion.

Beachwood, OH-based DDR and Blackstone acquired the large-format power centers totaling 11.8 million square feet through a joint venture deal that closed nearly a year ago. The latest acquisition, expected to close in the fourth quarter, will generate significant cash flow for DDR in top...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 11:24:05 GMT]]></pubDate></item><item><title><![CDATA[PSR Corner Sells Retail Bank Site for $4.6M]]></title><link><![CDATA[http://www.costar.com/News/Article/PSR-Corner-Sells-Retail-Bank-Site-for-$46M/148514?ref=/News/Article/PSR-Corner-Sells-Retail-Bank-Site-for-$46M/148514&src=rss]]></link><description><![CDATA[FL Property LLC purchased the half-acre parcel located at 400 N. Federal Hwy. in Fort Lauderdale, FL from PSR Corner Holdings LLC for $4.61 million, at a price tag of roughly $10 million per acre. The parcel is subject to a new 20- year, triple-net ground lease to PNC Bank. 

The 20,066-square-foot land parcel will be developed this year, resulting in a 3,502-square-foot PNC Bank with drive-thru lanes. The site is a part of a three-parcel retail...]]></description><author><![CDATA[Greg Charlton <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 09:05:53 GMT]]></pubDate></item><item><title><![CDATA[Calkain Promotes Nutt]]></title><link><![CDATA[http://www.costar.com/News/Article/Calkain-Promotes-Nutt/148513?ref=/News/Article/Calkain-Promotes-Nutt/148513&src=rss]]></link><description><![CDATA[Patrick Nutt has been named managing partner for Calkain Companies and will lead the net-lease investment firm's South Florida office, based in Davie, FL, and will continue to direct the outreach efforts and procedures to maximize value for both investors and owners of net lease real estate.

In 2008 and 2011, Nutt was promoted to top advisor after starting as a research analyst for Calkain. He was also named to the Top 30 under 30 - Real Estate...]]></description><author><![CDATA[Esmeralda McKie <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 08:29:22 GMT]]></pubDate></item><item><title><![CDATA[32,000 SF in Lease Deals Completed at Yamato Office Center]]></title><link><![CDATA[http://www.costar.com/News/Article/32000-SF-in-Lease-Deals-Completed-at-Yamato-Office-Center/148415?ref=/News/Article/32000-SF-in-Lease-Deals-Completed-at-Yamato-Office-Center/148415&src=rss]]></link><description><![CDATA[Five separate tenants leased a total of 31,693 square feet in the Yamato Office Center at 999-1001 Yamato Rd. in Boca Raton, FL, in the Boca Raton North submarket, since the beginning of May.

Building I at 1001 Yamato Rd. totals 89,126 square feet and was constructed in 1986.  BCN Telecom renewed for 7,833 square feet, while Applied Innovations leased 2,769 square feet and Oceanic Resources International took 1,077 square feet.

Building II is...]]></description><author><![CDATA[Lauren Hale <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 02:50:01 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 5 - 11)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-5-11/148478?ref=/News/Article/CoStars-People-of-Note-May-5-11/148478&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis.
 
LOS ANGELES
Diaz Returns to Cushman & Wakefield 
By Allison Smith

Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 08:11:27 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  South Florida's Retail Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-South-Floridas-Retail-Deliveries-Construction-and-Inventory/148436?ref=/News/Article/Market-Trend-South-Floridas-Retail-Deliveries-Construction-and-Inventory/148436&src=rss]]></link><description><![CDATA[During the first quarter 2013, 31 buildings totaling 677,362 square feet were completed in the South Florida retail market. 

Over the past four quarters, a total of 1,224,604 square feet of <a href="http://www.showcase.com/retail-space" target="_blank">retail space</a> has been built in South Florida.  In addition to the current quarter, 28 buildings with 305,755 square feet were completed in fourth quarter 2012, 10 buildings totaling 96,628 square feet completed in third quarter 2012, and 144,859 square feet...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 03:30:36 GMT]]></pubDate></item></channel></rss>