Globest Sectors

The sale of 9700 W. Gulf Bank is somewhat rare, given oil prices have been suppressed since late 2014 and activity on similar properties has been limited, but it was last year's third-largest manufacturing sale by square footage.

"Change is the only constant," Bonnie Lowenthal of the Board of Harbor Commissioners said at the annual State of the Port event.

Complex regulatory nuances require guidance from Certified Access Specialists.

Northland is the second largest multifamily owner and operator in Florida.

The entire industrial market throughout Central Florida remains very active.

The single-story building is located at 132 54th St. Jones Lang LaSalle has been selected to manage the leasing effort.

"We saw strong interest in this site, as the planned four-season experiential, boutique hotel is positioned perfectly to capitalize on the growing health and wellness trend," Michael Gembecki of Cushman & Wakefield tells GlobeSt.com.

The buyer plans to redevelop the shopping center site and the nearby Hollywood Bread Building, which it has under contract.