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Miami Developer Buying Land for Large Office Project in Dania Beach
www.costar.com

Miami-based Integra Investments LLC is finalizing a deal to buy land for up to 500,000 square feet of Class A office space at the $800 million Dania Pointe mixed-use development in Dania Beach, FL, CoStar News has learned. Integra says it is acquiring the five-acre site from Kimco Realty Corp., the master developer of the […]

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Orchid Medical Picks Up 36,000-SF Thornton Park Office Bldg. in Downtown Orlando
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Orchid Medical, a locally-based medical equipment company, purchased a 36,426 square-foot office building at 622 E. Washington St. for $7.9 million, or about $46 per square foot, from Ustler Development. The medical equipment provider plans to occupy half of the six-story office building for its new headquarters, relocating from the 57,860-square-foot Lucerne Plaza. Originally built […]

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City Mattress Center Trades in Bonita Springs
www.costar.com

The City Mattress Shopping Center at 24611 Production Cir. in Bonita Springs, FL has traded hands. U.S. Bank has sold the center to local investor Menachem Greenberg for almost $2.04 million, or approximately $131 per square foot. The 15,500-square-foot strip center is 100 percent leased to multiple tenants, including City Mattress, Shiny Nails and Go […]

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Jupiter MOB Sells for $14.1M
www.costar.com

Summit Management acquired the medical office building at 1094 N. Military Trl. in Jupiter, FL from Barcelona MOB LLC, an affiliate of The Medical Group of South Florida, for $14.1 million, or about $454 per square foot. The 31,030-square-foot building delivered in 2016 and is located in the Jupiter submarket of Palm Beach County. Danny […]

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Goodwill Renews in Miami Shopping Center
www.costar.com

Goodwill, a gently-used and new clothing and household goods retailer, signed a lease renewal for 15,000 square feet in the Kendall Value Center at 7101 SW 117th Ave. in Miami, FL. The shopping center totals 199,471 square feet at the corner of SW 117th Ave. and SW 72nd St., directly off the Florida Turnpike. The […]

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Two Prominent Office Properties Hit the Market in South Florida
www.costar.com

CBRE is marketing two signature office properties in South Florida that brokers expect will fetch substantially more than their previous sale prices. The Landing at MIA, a 50-acre business park adjacent to Miami International Airport, could command close to $250 million – nearly twice what it last sold for, sources say. Los Angeles-based CBRE Global […]

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Miami Developer Looks to Cash Out of 4-Star Apartments
www.costar.com

Miami-based AHS Development Group, eager to capitalize on continued strong demand for multifamily properties, is putting The Place at Dania Beach on the market. The firm hired Cushman & Wakefield to find a buyer for the 4-Star multifamily community at 180 E. Dania Beach Blvd. in Dania Beach, FL, south of Fort Lauderdale. There is […]

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La Colonia Leases Retail Space in Tamarac
www.costar.com

La Colonia Medical Center signed a lease for 17,749 square feet at The Shoppes on University shopping center located at 7457 – 7515 NW 57th St. in Tamarac, FL. The 84,083-square-foot retail center was built in 1976 on 10 acres in the NW Broward / Coral Springs submarket. Other tenants include Planet Fitness, Denny’s and […]

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South Florida's Downtown Miami, Southwest Broward Submarkets Leading the Way for New Retail Development
www.costar.com

Source: CoStar Market Analytics. South Florida developers aren’t buying the “retail is dying” mantra. Three major shopping centers are in development across downtown Miami and Southwest Broward, ranking those areas as the leading submarkets for retail construction in the tri-county region, according to CoStar data. Miami Worldcenter and MiamiCentral, both 5-Star projects, account for more […]

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Hiring Bribes
www.selectleaders.com

Should you add a sign-on bonus to your job postings outside of major cities? The “New Economy,” which the WSJ defines as “one marked by a shortage of workers rather than jobs,” has prompted “a novel experiment.” Instead of offering incentive packages to companies, like Amazon to bring in 50,000 jobs, towns across America, with […]

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