MIAMI—Fortune International Realty announced the appointment of top seller Jessika Gomez as sales director for CANVAS, a new 37-story, art-inspired condominium tower already underway in the heart of Miami's Arts + Entertainment District. In her new role, Gomez, who has worked with Fortune for three years and has been CANVAS' top seller, will oversee all sales efforts for CANVAS, as well as manage its sales team, recruiting and training efforts. Already a proven leader, Jessika's efforts have led to more than 120 contracts at CANVAS.

DEAL TRACKER

CLEARWATER, FL—Marcus & Millichap brokered the sale of New Towne at Glen Oaks, a 46-unit apartment community in Clearwater. The asset sold for $3.58 million. “This was a best-in-class asset in a submarket that has seen tremendous growth in the last five years,” says Shawn Rupp, associate in Marcus & Millichap's Tampa office. “The seller made first class interior and exterior improvements to the property a year prior leading up to the sale, which helped enable our team to attract a high net worth California buyer to purchase the asset with a strong current income day one.” Rupp, along with Luis Baez, Casey Babb had the exclusive listing to market the property on behalf of the seller and procured the buyer. New Towne at Glen Oaks, a 46-unit garden apartment community, is located at 311 South Betty Lane.

WINTER HAVEN, FL—A Montreal based company, IS-CAN CFBP LP, purchased the Central Florida Business Park for $14.9 million in one of the largest industrial sales to date in Central Florida this year. The property consists of nine buildings totaling 775,864 square feet on 52 acres at 5300 Recker Highway in Winter Haven. The buildings range in size from 2,400 up to 297,000 square feet. The buildings were 86% occupied (by seven tenants) at the time of the sale. Fred Beasley represented the seller, Legacy Capital Partners, a private equity investor out of Boulder, Colorado. George Pjevach of Beasley Real Estate Services brought the buyer to the table.

CORAL GABLES, FL—The Allen Morris Company has been selected as the exclusive leasing agent for 8200 DORAL, a 101,0000-square-foot class A office building in the heart of Doral. The Allen Morris Company's Natalia East, associate of brokerage services and Thad Adams, senior vice president, are the leasing agents. Located at 8200 Northwest 41st Street, the four-story building offers some of the most competitive rates in the area for class A space with approximately 13,529 rentable square feet of office space available for lease.

TAMPA, FL—Marcus & Millichap brokered sale of Davis Islands Portfolio, a 30-unit apartment property located in Tampa. The asset sold for $3,950,000, which was 107% of the list price. Shawn Rupp, Luis Baez and Casey Babb all in Marcus & Millichap's Tampa office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Davis Islands Portfolio, a 30-unit garden apartment portfolio, is located at 64 Davis Boulevard in the highly desirable Davis Islands submarket of South Tampa. This portfolio consists of five separate properties all with great walkability to nearby amenities and efficient layouts. The unit mix is comprised of 19 one-bedroom/one-bathroom units and 11 two-bedroom/one-bathroom units.

BUILDING BLOCKS

MIAMI—Hilton's Hampton by Hilton brand opened its newest property in Miami. The Hampton Inn & Suites Miami Midtown offers was co-developed by 3H Group and Mayan Group an affiliate of Aztec Group. The hotel is owned by Midtown Lodging LLC and operated by 3H Group. Since its inception in 2000, 3H Group has become a prominent name in the hospitality industry, having effectively managed and developed numerous branded hotels. Founded in 1994, Mayan Group has successfully invested in a variety of real estate transactions, constituting a diverse portfolio that includes strong, branded hotels.

Early this week in Florida, the center of the state saw plenty of deal flow. Winter Haven saw one of the largest industrial deals in the area this year, demonstrating the strength of its location. And Hilton opened a new hotel in Midtown Miami.

BY THE NUMBERS

As they struggle to increase operating margins, professional/business services companies, as well as law firms and banks have maintained a strict regimen of space efficiency in the last few years. Either as they renew, or relocate to new properties, many law firms and banks have shed 15% to 20% of their space. Some firms will pay top dollar for premium space, but ultimately recapture some of the higher base rent costs via much more efficient space allocation. (Source: Savills Studley)

NEWS & NOTABLES

MIAMI—Fortune International Realty announced the appointment of top seller Jessika Gomez as sales director for CANVAS, a new 37-story, art-inspired condominium tower already underway in the heart of Miami's Arts + Entertainment District. In her new role, Gomez, who has worked with Fortune for three years and has been CANVAS' top seller, will oversee all sales efforts for CANVAS, as well as manage its sales team, recruiting and training efforts. Already a proven leader, Jessika's efforts have led to more than 120 contracts at CANVAS.

DEAL TRACKER

CLEARWATER, FL—Marcus & Millichap brokered the sale of New Towne at Glen Oaks, a 46-unit apartment community in Clearwater. The asset sold for $3.58 million. “This was a best-in-class asset in a submarket that has seen tremendous growth in the last five years,” says Shawn Rupp, associate in Marcus & Millichap's Tampa office. “The seller made first class interior and exterior improvements to the property a year prior leading up to the sale, which helped enable our team to attract a high net worth California buyer to purchase the asset with a strong current income day one.” Rupp, along with Luis Baez, Casey Babb had the exclusive listing to market the property on behalf of the seller and procured the buyer. New Towne at Glen Oaks, a 46-unit garden apartment community, is located at 311 South Betty Lane.

WINTER HAVEN, FL—A Montreal based company, IS-CAN CFBP LP, purchased the Central Florida Business Park for $14.9 million in one of the largest industrial sales to date in Central Florida this year. The property consists of nine buildings totaling 775,864 square feet on 52 acres at 5300 Recker Highway in Winter Haven. The buildings range in size from 2,400 up to 297,000 square feet. The buildings were 86% occupied (by seven tenants) at the time of the sale. Fred Beasley represented the seller, Legacy Capital Partners, a private equity investor out of Boulder, Colorado. George Pjevach of Beasley Real Estate Services brought the buyer to the table.

CORAL GABLES, FL—The Allen Morris Company has been selected as the exclusive leasing agent for 8200 DORAL, a 101,0000-square-foot class A office building in the heart of Doral. The Allen Morris Company's Natalia East, associate of brokerage services and Thad Adams, senior vice president, are the leasing agents. Located at 8200 Northwest 41st Street, the four-story building offers some of the most competitive rates in the area for class A space with approximately 13,529 rentable square feet of office space available for lease.

TAMPA, FL—Marcus & Millichap brokered sale of Davis Islands Portfolio, a 30-unit apartment property located in Tampa. The asset sold for $3,950,000, which was 107% of the list price. Shawn Rupp, Luis Baez and Casey Babb all in Marcus & Millichap's Tampa office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Davis Islands Portfolio, a 30-unit garden apartment portfolio, is located at 64 Davis Boulevard in the highly desirable Davis Islands submarket of South Tampa. This portfolio consists of five separate properties all with great walkability to nearby amenities and efficient layouts. The unit mix is comprised of 19 one-bedroom/one-bathroom units and 11 two-bedroom/one-bathroom units.

BUILDING BLOCKS

MIAMI—Hilton's Hampton by Hilton brand opened its newest property in Miami. The Hampton Inn & Suites Miami Midtown offers was co-developed by 3H Group and Mayan Group an affiliate of Aztec Group. The hotel is owned by Midtown Lodging LLC and operated by 3H Group. Since its inception in 2000, 3H Group has become a prominent name in the hospitality industry, having effectively managed and developed numerous branded hotels. Founded in 1994, Mayan Group has successfully invested in a variety of real estate transactions, constituting a diverse portfolio that includes strong, branded hotels.