Featured Properties

View more properties
News
TRENDS MAGAZINE- Palm Beach Suburban Shopping Center Report 2013-14
04/12/2014
Market research

Welcome to the first issue of Terranova Trends – a real estate magazine produced by Terranova Corporation, South Florida’s leading full service commercial real estate advisory firm.

Read More...
Reports
Urban Retail Report 2013
12/01/2013
Market research

Occupancy and asking rents have kept an upward trend in South Florida’s retail streets, with Lincoln Road continuing to exceed in rental levels. New energy is apparent in all South Florida retail streets, from posh Worth Avenue in Palm Beach to gritty Flagler Street in downtown Miami, two streets newly included in this annual report, and which illustrate the challenges and conquests at the two extremes of the urban street experience.

Read More...
Press Releases
TERRANOVA SIGNS GBS THE BEAUTY STORE EXPANSION IN SUNILAND SHOPPING CENTER
06/29/2014
Leasing

MIAMI BEACH, FLORIDA – June 30, 2014 – Terranova Corporation is pleased to announce it has signed GBS The Beauty Store in Suniland Shopping Center, an 82,000 square foot property in Pinecrest, Fla.

Read More...

Find a commercial property in florida

Start property search

COMMERCIAL REAL ESTATE NEWS

Dollar Tree to Acquire Family Dollar

Dollar Tree Inc. entered into a definitive merger agreement to acquire Family Dollar Stores Inc. for about $8.5 billion in a cash and stock. The transaction, which has been unanimously approved by the boards of both companies, is expected to close by early 2015. Calling it a transformational opportunity, Bob Sasser, Dollar Tree’s CEO, said following the acquisition of Family Dollar Stores, Dollar Tree will become a leading discount retailer...

More news...

COMMERCIAL REAL ESTATE NEWS

CoStar's People of Note (July 20 - 26)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, San Francisco, Sacramento, South Bay, Atlanta, Northern New Jersey, Phoenix, South Florida, San Diego, Denver, and Dallas / Ft. Worth. NEW YORK CITY Brookfield Promotes Schulman to President, COO of Office Operations By Justin Sumner More news...

COMMERCIAL REAL ESTATE NEWS

Condo Builders Fuel Land Rush in Miami

Cash-paying buyers from abroad are moving to snap up what remains of the city's dwindling supply of prime unbuilt sites, driving values of undeveloped plots to record levels.

More news...

COMMERCIAL REAL ESTATE NEWS

Simon Expanding Chicago Premium Outlets

Simon Property Group (NYSE: SPG) has broken ground on a 50-store, $110 million expansion of its Chicago Premium Outlets property in Aurora, IL, which will increase the size of one of the firm's most successful outlet centers by more than two-thirds to than 170 stores. Among the new retailers slated to open in late spring 2015 following the nearly 300,000-square-foot expansion will be Saks Fifth Avenue Off 5th. Simon also announced openings during...

More news...

COMMERCIAL REAL ESTATE NEWS

Market Trend: South Florida Industrial Vacancy Down to 6.3%

The South Florida Industrial market ended the second quarter 2014 with a vacancy rate of 6.3%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 2,286,328 square feet in the second quarter. That compares to positive 1,108,371 square feet in the first quarter 2014. Vacant sublease space increased in the quarter, ending the quarter at 538,324 square feet. Some of the notable move-in’s for 2014 include...

More news...

COMMERCIAL REAL ESTATE NEWS

Maine Hotel Raises the Bar

From the 15th floor of the new Westin hotel in Portland, Maine, the highest point in the city, the view looks pretty good for a pair of hotel investors who completely remade the nearly century-old property.

More news...

COMMERCIAL REAL ESTATE NEWS

FedEx Distribution Ctr in Downtown Miami Sells for $19M

Brown Development Group LLC sold the industrial property located at 200 S. Miami Ave. in Miami, FL for $19 million, or about $221 per square foot, to Fifteen Group. The 85,907-square-foot distribution center is currently leased to FedEx, with five years remaining on the master term. The property has the potential for re-development though, with zoning that could allow more than 1,000 multifamily units to be built there. CBRE’s Gerard Yetming...

More news...

COMMERCIAL REAL ESTATE NEWS

Builder Warms Up to History

A funny thing happened to Toll Brothers as the development firm prepared to market its new luxury condominiums on Park Avenue: It discovered the virtues of New York City's historic districts.

More news...

COMMERCIAL REAL ESTATE NEWS

Flagler Village Land Trust Buys Federal Hwy Lot

Flagler Village Land Trust purchased 20 parcels of land totaling 3.75 acres between NE 7th St. and NE 8th St. on the west side of North Federal Hwy in Fort Lauderdale, FL from Portugal-based Fort Lauderdale US 1 LLC for $9.01 million, or about $2.4 million per acre. The potential use for the property may include a 120-room hotel including 25,000 square feet of retail space and two buildings with 300 total residential units. Paul Lepine of James...

More news...

COMMERCIAL REAL ESTATE NEWS

A Power Surge in the Rust Belt

General Electric cut a deal with county and city officials to move a number of operations—including human resources and finance—to a new $90 million facility in downtown Cincinnati on the banks of the Ohio River.

More news...

COMMERCIAL REAL ESTATE NEWS

Duke Joins Illustrated Properties in Palm Beach Gardens

Ken Duke has joined Illustrated Properties Real Estate, Inc. as the managing director of its commercial division. Illustrated Properties has been the leader in Northern and Central Palm Beach Counties in South Florida for the past 13 years. In his new role, Duke will help Illustrated Properties in a variety of capacities to include CRE property management, sales and leasing, mortgage brokerage, and acquisition management. Duke previously served...

More news...

COMMERCIAL REAL ESTATE NEWS

New Lenders Enter Property Market and Think Small

As the economy improves, lenders see loans for smaller properties as less risky. And with less competition, interest rates and potential profit can be higher.

More news...

COMMERCIAL REAL ESTATE NEWS

BAR Investment Realty Pays $5.2M for Miami Beach Apts

Bay Harbor Holdings LLC sold the 32-unit multifamily property at 9800-9850 E. Bay Harbor Ter. in Miami Beach, FL to BAR Investment Realty LLC for $5.18 million, or approximately $162,000 per unit. The 28,750-square-foot apartment community consists of a unit mix that includes one studio, 22 one-bedroom, 7 two-bedroom, a three-bedroom and a four-bedroom. The complex was built in 1950 in the Bay Harbor Islands submarket, and was 95 percent occupied...

More news...

COMMERCIAL REAL ESTATE NEWS

Plots & Ploys

Money from China has been a top driver of some housing markets, especially in coastal cities such as San Francisco and Los Angeles. But that spigot may soon tighten.

More news...

COMMERCIAL REAL ESTATE NEWS

Market Trend: South Florida Office Vacancy Down to 12.9%

The South Florida Office market ended the second quarter 2014 with a vacancy rate of 12.9%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 1,206,216 square feet in the second quarter. That compares to positive 276,886 square feet in the first quarter 2014. Vacant sublease space decreased in the quarter, ending the quarter at 511,523 square feet. Some of the notable move-ins of 2014 include: SBA...

More news...

COMMERCIAL REAL ESTATE NEWS

Queens Project Stirs Worry That Residents Will Be Priced Out

New York City Mayor Bill de Blasio's affordable-housing ambitions are being tested by the first major project he has shaped from its early stages, a 2.2-million-square-foot development on the Queens waterfront that is raising fears of Brooklyn-style skyrocketing rents.

More news...

COMMERCIAL REAL ESTATE NEWS

College Square Sells for $5.8M

A private investor purchased the College Square multifamily property at 6600-6650 SW 39th St. in Davie, FL from C.F. Enterprises LLC for $5.75 million, or about $90,000 per unit. The 54,200-square-foot apartment complex consists of six, two-story buildings totaling 64 units. The complex was constructed in 1980 in Broward County. Still Hunter and Evan Kristol with Marcus & Millichap represented both parties in the sale. Please see CoStar...

More news...

COMMERCIAL REAL ESTATE NEWS

Property Investors Unfazed in Puerto Rico

Puerto Rico's deepening economic troubles have punished investors and made life hard for many locals. But one group has been encouraged by the opportunities it sees: real-estate investors.

More news...

COMMERCIAL REAL ESTATE NEWS

Point Blank Solutions Leases 131,000 SF in Pompano Beach

Point Blank Solutions (PBSI) signed a renewal lease for 104,162 at 2102 SW 2nd St. Building 6B, and a new 26,886-square-foot expansion at 1901 SW 2nd St. Building 5B in The Atlantic Business Center in Pompano Beach, FL. Bldg 6B is a 104,162-square-foot warehouse built in 2003 on 5.3 acres in the Pompano Beach Industrial submarket of Broward County. It features 29 loading docks and 24-foot clear heights. Bldg 5B is a 102,362-square-foot warehouse...

More news...

COMMERCIAL REAL ESTATE NEWS

A Tech Hub Treads in a Sea of Bureaucrats

Vornado Realty Trust is embarking on an experiment to create a cluster of technology companies amid its 7.3 million square feet of offices in Crystal City, Va., home of defense agencies and government contractors.

More news...

COMMERCIAL REAL ESTATE NEWS

Sale-Leasebacks Ease Italy's Real-Estate Jam

Deals have begun to flow out of two funds that were set up by the Italian government in 2004 to do sale-leasebacks of government-owned property.

More news...