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2,910sf

Shadowwood Square

Retail for lease Boca Raton, FL More details
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Lincoln Road Portfolio

Retail for lease Miami Beach More details
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Gateway Town Center

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News
SWEET TOOTHS REJOICE: DYLAN'S CANDY BAR OPENS TODAY
02/07/2013
Grand Opening

801 Lincoln Road

Phone: no phone number yet

Web: Dylan's Candy Bar Miami Beach

Status: Opens Today

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Reports
Broward County Retail Report 2012
03/25/2013
Market research

Broward County’s shopping centers reversed a three-year trend of downward rents, showing an increase of 3.1% in countywide average asking rent between 2011 and 2012. But the recovery is spotty as vacancy remains a noticeable challenge in several of the county’s submarkets.

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Press Releases
TERRANOVA SIGNS LEASE WITH LE MACARON FOR MIRACLE MILE
04/04/2013
Leasing

MIAMI BEACH, FLORIDA – April 3, 2013 – Terranova Corporation is pleased to announce it has signed a deal with sweets shop Le Macaron French Pastries, which will sell its signature almond-meringue based confections out of a new location on Coral Gables’ Miracle Mile.

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COMMERCIAL REAL ESTATE NEWS

Behind Florida's Largest Retail Deal of 2012

MIAMI-Why did South Beach Tristar decide to exit Lincoln Road now? David Edelsten, president of the company, explains the firm's history on the famed retail strip and why now was the right time to sell.

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COMMERCIAL REAL ESTATE NEWS

Dollar Stores Add Up To Big Bucks for Net Leased Investors

Dollar stores continue to expand aggressively throughout the U.S. And the popular stores are single-handedly changing the net lease investment market, which has traditionally been dominated by drug store, fast food and automotive retail concepts, according to the latest net leased retail research. “They have always proven to be popular with investors because of the minimal property management involved, (triple net leases typically pass all expenses...

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COMMERCIAL REAL ESTATE NEWS

Terranova Corp, Acadia Pay $139M for South Beach Retail Portfolio

A joint venture of Terranova Corporation and Acadia Realty Trust acquired a retail portfolio on Lincoln Road in Miami Beach, FL from South Beach Tristar Capital for $139 million, or more than $2,600 per square foot. The portfolio totals 53,260 square feet and spans 719 - 838 Lincoln Rd. in the heart of Miami's famed South Beach retail corridor. The center is fully leased to credit tenants including Aldo, Solstice, Tiramesu, Fossil, Kiehl's, SOBE...

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COMMERCIAL REAL ESTATE NEWS

Demand for Architects Builds Momentum

There are few professionals more hopeful for a bright future this holiday season than architects, who are finally starting to see business conditions improve.

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COMMERCIAL REAL ESTATE NEWS

Rauch, Robertson, Lupo Launch CRE Florida Partners

PALM BEACH, FL-The firm is off to an aggressive start, with offices in six counties: Broward, Palm Beach, Martin, St. Lucie, Indian River, and Brevard. Find out what the principals feel sets their brand apart from the competition.

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COMMERCIAL REAL ESTATE NEWS

Couche-Tard ‘Circles’ in on Illinois, Missouri and Oklahoma

Alimentation Couche-Tard Inc. agreed to acquire 29 gas station/convenience stores from Mac’s Convenience Stores LLC, 25 of which are located in Illinois, three in Missouri and one in Oklahoma. The transaction is anticipated to close this month. A price was not disclosed. Share this story with your followers Tweet The stores would eventually be rebranded under the Circle K brand and continue to offer motor fuel under Phillips 66. Couche-Tard...

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COMMERCIAL REAL ESTATE NEWS

Watermarke at Biscayne Trades for $42.5M

New York-based Real Estate Capital Partners sold the 402-unit Watermarke at Biscayne multifamily complex at 1550 NE 123rd St. in North Miami, FL to Chicago-based Waterton Residential for $42.5 million, or approximately $106,000 per unit. Formerly known as the Greenwich Park Apartments, the 338,200-square-foot apartment community consists of one- and two- bedroom units in six buildings stationed on nearly 11 acres. It was built in 1989 and renovated...

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COMMERCIAL REAL ESTATE NEWS

Sticking With Stern

Arthur and William Lie Zeckendorf—the developers of one of Manhattan's most-successful condominium projects in recent memory—are hoping to repeat their success partly by using the same architect.

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COMMERCIAL REAL ESTATE NEWS

DSS Office Buy Changes Dynamics of North Palm Beach Office Market

PALM BEACH, FL-KRES Commercial's Tom Burst tells GlobeSt.com's Jennifer LeClaire why this deal made such a major impact on the North Palm Beach County office market--and what to expect next.

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COMMERCIAL REAL ESTATE NEWS

In The Pipeline: CoStar Development & Construction News for Dec. 16 - 22

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail. Atlantic Yards' B2 Residential Tower Breaks Ground B2, slated...

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COMMERCIAL REAL ESTATE NEWS

Facility Closures & Downsizings (Dec 19)

Share this story with your followers Tweet Sheet1 More news...

COMMERCIAL REAL ESTATE NEWS

U.K. Home Builders Still Struggle

Constructions starts fell 9% in the 12 months to Sept. 30, in contrast to the U.S., where builders are putting up homes at the fastest pace in more than four years. Prices in the U.K. also are expected to fall.

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COMMERCIAL REAL ESTATE NEWS

Miami Business Leaders Cautiously Optimistic About City's Economic Future

MIAMI-A new survey dives in to the ins and outs of what's driving Miami's economic growth--and what's holding it back. See if you agree with the Bilzin survey.

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COMMERCIAL REAL ESTATE NEWS

December 2012 CCRSI Pricing Analysis Now Available

CoStar Group released the latest findings of the CoStar Commercial Repeat-Sale Indices (CCRSI), providing the market's first look at commercial real estate pricing trends based on property sales that closed through October 2012, and offering the broadest measure of commercial real estate repeat sales activity. CoStar developed the CCRSI to provide a comprehensive set of benchmarks that investors and other market participants can use to better...

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COMMERCIAL REAL ESTATE NEWS

BOOKED: Prison Operator Sets Date To Become a REIT

The board of Boca Raton-based GEO Group Inc. unanimously authorized the correctional facilities company to take all necessary steps, including the divestiture of certain health care assets, in order to faciliate the company to operate as a REIT beginning Jan. 1, 2013. "Based on our extensive work over the past few months, our board and our management team strongly believe that positioning GEO for a REIT conversion will maximize our company’s ability...

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COMMERCIAL REAL ESTATE NEWS

Deal Puts Record Value On Apartment Tower

One of the largest pension fund managers in the U.S. has agreed to buy a stake in a 76-story apartment building that values the lower Manhattan tower at a record $1 billion.

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COMMERCIAL REAL ESTATE NEWS

Related Acquires Last Prime Waterfront Site in Palm Beach for $121M

PALM BEACH, FL-According to Arden M. Karson, who oversees Related's acquisitions, distressed debt, and strategic operations, the Promenade transaction demonstrates the renewed availability of bank financing and market confidence.

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COMMERCIAL REAL ESTATE NEWS

CoStar's People of Note (Dec. 9-15)

This week's People of Note includes the following markets: Boston, Chicago, Los Angeles, New York City, Northern New Jersey, South Bay and Washington, DC. WASHINGTON, DC Cassidy Turley Retains Investment Sales 'Dream Team' By Tim Trainor Cassidy Turley retained the services of one of the most successful and respected investment sales teams in the country, fending off the reported overtures of at least one major competitor.

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COMMERCIAL REAL ESTATE NEWS

CBRE's Kozy Joins New Department

Nikolas Kozy, first vice president at CBRE has joined the private capital group (PCG) South Florida retail investment team in Miami, FL. The elite team focuses on the sale of multi-tenant and single-tenant retail investment properties across the South Florida region. Kozy was formerly a member of the CBRE national retail investment group for Florida between 2007 and 2012, and will now be focused on Miami-Dade County and expanding the team’s reach...

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COMMERCIAL REAL ESTATE NEWS

Home Builders Seen Tapping Public Market

Plans by home builder Taylor Morrison to sell stock in an initial public offering could be the first in a wave of private builders going public, a trend that could alter the ranks of the nation's top builders.

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COMMERCIAL REAL ESTATE NEWS

Publix-Anchored Granada Plaza Trades for $11M

TAMPA, FL-Granada Plaza sits on a 6.92-acre site in a Tampa submarket. Find out who snapped up this strategic asset.

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COMMERCIAL REAL ESTATE NEWS

Vintage RE to Reposition Oregon Mall

Vintage Real Estate has acquired the 406,500-square-foot Heritage Mall at 1801-2215 14th Ave. SE in Albany, OR from a consortium of lenders including Steadfast Heritage LLC and Wells Fargo Bank NA. The transaction, which sold for an undisclosed price, did remove $38 million in existing debt from the property. According to CoStar data, the property transferred back to the lenders in 2011, following a $34.5 million acquisition by Steadfast Commercial...

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COMMERCIAL REAL ESTATE NEWS

In The Pipeline: CoStar Development & Construction News for Dec. 16 - 22

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail. Atlantic Yards' B2 Residential Tower Breaks Ground B2, slated...

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COMMERCIAL REAL ESTATE NEWS

Tide Changes for Manufactured Housing

Shares of manufactured-housing companies were the big-ticket stocks for real-estate investors in recent years, faithfully posting double-digit annual returns. But now, some investors have soured on the sector.

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COMMERCIAL REAL ESTATE NEWS

Inland American Snaps Up Student Housing Duo for $95M

TALLAHASSEE, FL-Inland American's Travis Roberts tells GlobeSt.com's Jennifer LeClaire what's so hot about student housing in Tallahassee, FL and Raleigh, N.C.

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COMMERCIAL REAL ESTATE NEWS

Change In Ownership for $3.1 Billion Net Leased Portfolio?

Cole Credit Property Trust II Inc. temporarily suspended both its distribution reinvestment plan and its share redemption program - a move that may herald a potential “liquidity event,” the non-traded REIT reported in a regulatory filing. As used in such filings, the term “liquidity event” typically refers to a purchase of a corporation or all of its assets or an initial public offering. As of Sept. 30, 2012, Cole Credit Property Trust II owned...

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COMMERCIAL REAL ESTATE NEWS

Stiles Acquires Ormond Beach Mall

South Florida-based Stiles Realty acquired the Ormond Beach Mall from an entity affiliated with Odyssey Diversified Properties, Inc. in a transaction that transferred the asset free and clear of existing debt. Ormond Beach Mall is a 102,000-square-foot, Publix-anchored shopping center located on 10.7 acres at 1200-1294 Ocean Shore Blvd. at the corner of Lynnhurst Dr. in Ormond Beach, FL, approximately seven miles north of Daytona Beach. The property...

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COMMERCIAL REAL ESTATE NEWS

Stamford Sale Stalled

Private-equity firm Five Mile Capital Partners snared two office complexes in Stamford, Conn., on the cheap by foreclosing on them in 2010. Now, Five Mile and a partner are trying to keep another lender from doing the same to them.

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COMMERCIAL REAL ESTATE NEWS

Stiles Snaps Up Ormond Publix-Anchored Shopping Center

DAYTONA BEACH, FL-The opportunity to acquire a recently redeveloped center with a long-term Publix lease on a barrier island is rare in Florida and made Ormond Beach Mall a highly sought after opportunity.

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COMMERCIAL REAL ESTATE NEWS

The Rising Cost of Prescription Real Estate

Drugstores continue to be an elixir for many single-tenant net lease investors in search of income with recent sales surpassing previous eye-popping prices and setting new price highs. Last month, Marcus & Millichap Real Estate Investment Services arranged the sale of a 22,857-square foot Walgreens drugstore on Collins Avenue in Miami Beach. The whopping $30 million sales price equated to $1,312 per square foot Sean Shahar Ziv, an associate...

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COMMERCIAL REAL ESTATE NEWS

December 2012 CCRSI Pricing Analysis Now Available

CoStar Group released the latest findings of the CoStar Commercial Repeat-Sale Indices (CCRSI), providing the market's first look at commercial real estate pricing trends based on property sales that closed through October 2012, and offering the broadest measure of commercial real estate repeat sales activity. CoStar developed the CCRSI to provide a comprehensive set of benchmarks that investors and other market participants can use to better...

More news...

COMMERCIAL REAL ESTATE NEWS

Nokia Sells Home, Gets Landlord

Nokia signed a deal to sell and lease back its headquarters in Finland, in a bid by the handset maker to raise much-needed cash.

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COMMERCIAL REAL ESTATE NEWS

BankUnited Refinances $145M in Loans for MF Developer

MIAMI-Pinnacle Housing's David O. Deutsch tells GlobeSt.com's Jennifer LeClaire why affordable housing refis are so attractive.

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COMMERCIAL REAL ESTATE NEWS

With Tesco, SuperValu Reviewing Strategic Options, Big Changes Coming to Grocery Ownership

The grocery store segment of the retail real estate industry is facing a substantial amount of dislocation going into 2013. Two major chains last week confirmed what analysts had been suspecting for much of the year, that they were reviewing their strategic alternatives after posting disappointing financial numbers. Admitting that its bid to crack the U.S. grocery store market has failed, Tesco plc., the largest retailer in the U.K. and one of...

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COMMERCIAL REAL ESTATE NEWS

CoStar's People of Note (Dec. 9-15)

This week's People of Note includes the following markets: Boston, Chicago, Los Angeles, New York City, Northern New Jersey, South Bay and Washington, DC. WASHINGTON, DC Cassidy Turley Retains Investment Sales 'Dream Team' By Tim Trainor Cassidy Turley retained the services of one of the most successful and respected investment sales teams in the country, fending off the reported overtures of at least one major competitor.

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COMMERCIAL REAL ESTATE NEWS

New York Trips Up Ocwen's Plans

New York's top financial regulator hasn't signed off on a pair of deals that would create the biggest processor of subprime mortgages.

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COMMERCIAL REAL ESTATE NEWS

What's Next for Lincoln Road Retail?

MIAMI-South Beach retailers are seeing 25,000 beachgoers that pass through the Collins Avenue District daily.

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COMMERCIAL REAL ESTATE NEWS

The Rising Cost of Prescription Real Estate

Drugstores continue to be an elixir for many single-tenant net lease investors in search of income with recent sales surpassing previous eye-popping prices and setting new price highs. Last month, Marcus & Millichap Real Estate Investment Services arranged the sale of a 22,857-square foot Walgreens drugstore on Collins Avenue in Miami Beach. The whopping $30 million sales price equated to $1,312 per square foot Sean Shahar Ziv, an associate...

More news...

COMMERCIAL REAL ESTATE NEWS

Toll Brothers' Profit Surges

Toll Brothers' quarterly profit surged as the luxury-home builder was buoyed by a large tax benefit, while revenue rose across all regions.

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