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MIAMI-This year's rate of 15.2% is expected to stay the same next year but then drop the next two years, according to a recently released Miami office market report by Jones Lang LaSalle. The report also forecasts that average gross rental rates in the Miami area office market will drop to $22.76 per sf.
WESTON-Principal Global Investors, which bought the 96,342-sf shopping center for $13.2 million in December 1997, has sold it for $23.12 million. The buyer of the 7-year-old property was a West Coast-based pension fund.
MIAMI-The company has signed a 32,212-sf, class A office lease at The Plaza in Boca Raton. Sources say it's a 10-year deal. The 145,000-sf, 11-story office building is about 85% occupied.
MIAMI-The retailer's new locale is in a former Jacobson's department store building at Oakbrook Square shopping center in Palm Beach Gardens, FL. The center is owned and managed by Equity One of North Miami Beach.
MIAMI-Two South Florida deals totaling 200,000 sf have been completed with tenants Smith Terminal Warehouse Co. and DWD Warehousing, and a third for 50,000 sf in Medley, FL, should be completed shortly.
PEMBROKE PINES-Ravini USA has signed a lease for 15,601 sf of warehouse/distribution space here at Seneca Industrial Park. The five-year lease is valued at $526,959.
MIRAMAR, FL-The company bought the 100,000-sf, Publix-anchored River Run Center here from P. OB Montgomery of Dallas for $10.5 million, then sold it to Inland Real Estate for a higher price. Woolbright Development is responsible for some building adjustments.
MIAMI-The four new positions are the result of the company's increased volume of work, says John Geisen, president of real estate services for Codina Group. The brokers will specialize in office sales and leasing in Broward and Miami-Dade counties.
MIAMI-The oil spill clean-up cooperative leased 18,660 sf of warehouse space in Dania, FL. The renewal is worth approximately $325,000. The tenant has been located at Lakeview Center Warehouses for about eight years.
FORT LAUDERDALE-Robert Fernandez and Ken Miggins both have the title of senior preconstruction manager for the company based here. They will manage, coach and mentor workers in the Preconstruction Group while continuing to have hands-on involvement.
From Placer.ai
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Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
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Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
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Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
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Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource