MIAMI—This week in Florida saw a new commercial real estate firm launched and a local industry veteran win a prestigious honor. Meanwhile, the deal flow is still strong across the state on all fronts.

BY THE NUMBERS

Despite the month-over-month cool down, these markets showed considerable y-o-y increases due to strong demand. The same goes for Jacksonville, Pompano Beach and Hialeah where rents have been growing steadily over the year. (Source: Rentcafe.com)

With a 3.3% year-over-year increase, Tampa takes the 10th spot in the Top 10 Cities with the Fastest Growing Rents in November. (Source: Rentcafe.com)

NEWS & NOTABLES

FORT LAUDERDALE, FL—South Florida commercial real estate brokers Patrick Conness and Mike Crissy launched a new company, Conness Crissy Real Estate Advisors, a boutique brokerage and advisory firm in Fort Lauderdale. With over 30 years of combined industry expertise, the duo has established a track record of representing local business owners as well as Fortune 500 companies, including City Furniture, Sunbelt Rentals, West Marine, GE Aviation, Atlantic Southern Paving, and Delta Apparel. The duo's partnership began in 2013 at Stiles Realty. They have individually worked for several firms previously, including Massey Knakal Realty, Jones Lang LaSalle, Berger Commercial Realty and The Staubach Company.

MIAMI—Michael T. Fay, principal and managing director of Avison Young's Miami operations, has been invited to join the Florida Council of 100. Founded in 1961, the Florida Council of 100 is a private, nonprofit, nonpartisan organization of business, civic, and academic leaders, created for the purpose of improving the quality of life and economic well-being of all Florida residents through the relentless pursuit of better, business-driven public policy.

DEAL TRACKER

JACKSONVILLE, FL—The Shopping Center Group brokered the sale of Regency Court, east of Downtown Jacksonville. The Shopping Center Group's investment sales team, led by its directors Anthony Blanco and Lynn De Marco, represented a special servicer in this transaction that was finalized last month. The team utilized RealINSIGHT Marketplace, an auction platform for commercial real estate transactions. An entity affiliated with Virginia-based Mishorim USA acquired the 220,000-square foot retail center for $5 million.

BRADENTON, FL—Hunt Mortgage Group provided a conventional Fannie Mae DUS loan in the amount of $24 million to refinance a multifamily property located in Bradenton. The Royal Palm Terrace Apartments is located approximately 45 miles south of Tampa and 13 miles north of Sarasota. The loan term is 12-years, with full amortization based on a 30-year schedule. Yield maintenance will apply during the first 11.5 years. The borrower is DAZLBeT Partners, LLC.

SARASOTA, FL—Marcus & Millichap brokered the sale of Airport Commerce Center, a 183,227-square foot industrial property located in Sarasota. The asset sold for $10.4 million. Douglas K. Mandel, senior managing director investments in Marcus & Millichap's Fort Lauderdale office, and Nicholas Hanson, associate, in Marcus & Millichap's Orlando office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by L.J. Tsunis, associate, and Krone Weidler, first vice president investments, both in Marcus & Millichap's Tampa office.

MIAMI—Transwestern's South Florida industrial team closed a long-term lease renewal for approximately 100,000 square feet with global logistics provider DHL at Beacon Centre, a class A business park located at Northwest 25th Street and Northwest 84th Avenue in Doral. Transwestern's Thomas Kresse, Ben Eisenberg and Carlos Gaviria facilitated the transaction on behalf of the landlord, RREEF, which owns a four-building, 425,000-square-foot portfolio within Beacon Centre. This renewal maintains 100% occupancy at the 180,000-square-foot building.

FORT LAUDERDALE, FL—Berger Commercial Realty/CORFAC International senior vice presidents Keith Graves and St. George Guardabassi represented AMC Resorts III, Inc. in the $3 million sale of a 30,656-square-foot office and warehouse building in Tamarac to SLK Invest, LLC. Located at 3705 West Commercial Boulevard, the building is the fourth property the brokers have sold in a six-property portfolio. The exclusive sales listing for the portfolio was awarded to Berger Commercial Realty by AMC Furniture Liquidators, which plans to consolidate operations and relocate within the South Florida market.

HOLLYWOOD, FL—CBRE senior vice president Tom O'Loughlin and Larry Genet arranged a lease for Sunair, an electronic parts supplier, to occupy a 32,000-square-foot end cap space at 3101-3199 Southwest 42 Street in Hollywood. O'Loughlin and Genet represented Prologis, the landlord, in the lease transaction and were the sole brokers in the transaction. The lease deal brings the Port 95 Prologis buildings, which total 1.3 million square feet, to 100% occupied.

WINTER PARK, FL—NAI Realvest negotiated a new long-term office lease agreement for two suites totaling 3,583 rentable square feet at Louisiana Office Park in Winter Park. FleetZoo LLC leased suites 210 and 214 at 1133 Louisiana Avenue. Mary Frances West, negotiated the transaction representing the tenant, who is relocating to Winter Park from the Quadrangle off University Boulevard. Emerson International of Altamonte Springs is the developer and landlord of Louisiana Office Park, and was represented in the transaction by Zac Starkey.

BUILDING BLOCKS

FORT LAUDERDALE, FL—Ceiba Groupe launched the pre-leasing of ID Flagler Village, the only luxury rental gated townhouse communities in Downtown Fort Lauderdale. Flagler Village is experiencing an urban renaissance and is home to the artsy FAT Village. ID Flagler Village, a planned green development, is an urban development that takes advantage of mass transit and walkability.

Instant Insights /

Middle Market Digest: This Week in Florida

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