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The move aims to boost real estate management operations.
The move comes weeks after it was reported it would seek another office conversion in the city for 600 apartment units.
In 2024, KKR has acquired almost eight million square feet of new industrial space.
This marks Cresa's seventh M&A deal in the past couple of years.
The move for RXR will serve as a recapitalization.
Avison took a look at Fort Lauderdale and West Palm Beach as well.
Demand doesn't seem to be an issue.
Brazilians view the region as a "second home."
The company is extending its lease to include another 70,076 square feet.
But the asset class might not still be ideal.