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Condo boom heads north
therealdeal.com

Peter Zalewski From the South Florida Market Report: As the tri-county region enters the fourth year of this current real estate cycle, the preconstruction condo boom that began in Miami-Dade in 2011 with a focus on international buyers has spread to …

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Equity One, Duke Realty, Franklin Street Properties report mixed Q1 earnings
therealdeal.com

Real estate investment trusts Equity One, Duke Realty Corp. and Franklin Street Properties reported a range of first quarter earnings this week. Each of the REITs has significant interests in South Florida. Equity One reported $8 million or 6 cents per …

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Elite Florida Real Estate Agency Dazzled Creme de la Creme at Top Marques in …
www.military-technologies.net

FORT LAUDERDALE, Fla., April 30, 2015 /MILITARY-TECHNOLOGIES.NET/ — Prestige Estate Properties – the luxury arm of MMD Realty – made history as the first and only US-based Real Estate Company to premier at Top Marques – an elite international …

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Market Trend:  Orlando Industrial Vacancy Decreases to 7.9%
www.costar.com

The Orlando Industrial market ended the first quarter 2015 with a vacancy rate of 7.9%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 944,426 square feet in the first quarter. That compares to positive 1,699,207 square feet in the fourth quarter 2014. Vacant sublease space decreased in the quarter, […]

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Market Trend:  Southwest Florida Industrial Vacancy Decreases to 6.6%
www.costar.com

The Southwest Florida Industrial market ended the first quarter 2015 with a vacancy rate of 6.6%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 35,367 square feet in the first quarter. That compares to positive 69,028 square feet in the fourth quarter 2014. Vacant sublease space decreased in the […]

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BankAtlantic Corporate Ctr Sold for $21M
www.costar.com

Branch Banking & Trust Company (BB&T) sold the BankAtlantic Corporate Center office building at 2100 W. Cypress Creek Rd. in Fort Lauderdale, FL to Miami-based developer Integra Real Estate LLC for $21 million, or about $114 per square foot. Built in 1969 and renovated in 2006, the building totals 185,000 square feet on a 14-acre […]

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Pegaso Corp Acquires Miami International Corporate Bldg for $23.5M
www.costar.com

Pegaso Corp. acquired the Miami International Corporate building at 2001 NW 107th Ave. in Miami, FL from Greenebaum & Rose Associates for $23.5 million, or approximately $250 per square foot. The 93,971-square-foot building sits in the Miami Airport submarket and was delivered in 1982. At the time of sale, the four-story property was fully leased […]

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Hialeah HoJo Trades for $21.9M
www.costar.com

LinChris Hotel Corporation purchased the Howard Johnson Hotel at 7707 NW 103rd St. in HIaleah, FL for $21.9 million, or approximately $85,000 per room, from Biscayne Atlantic Services LLC. Built in 1983, the 240,206-square-foot hotel contains 259 rooms and amenities include a pool and restaurant. It is located along the Palmetto Expressway. Paul Weimer, Christian […]

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Cope Joins Avison Young
www.costar.com

Justin Cope joined Avison Young in Ft. Lauderdale following the firm being awarded the leasing assignment for a 940,319-square-foot portfolio situated throughout Broward County. Cope specializes in landlord representation for class A office properties in Plantation, Sunrise and Pompano Beach. He began his career in real estate in South Florida in 2006. Prior to joining […]

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Market Trend:  South Florida Industrial Vacancy Decreases to 5.8%
www.costar.com

The South Florida Industrial market ended the first quarter 2015 with a vacancy rate of 5.8%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 2,137,539 square feet in the first quarter. That compares to positive 1,654,923 square feet in the fourth quarter 2014. Vacant sublease space increased in the […]

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