ORLANDO—Author and lecturer John Crossman, president of commercial real estate firm Crossman & Company, shares his expertise and insight based from his most requested speech, The Top 5 Ways to Get Fired and The Top 5 Ways to Keep from Being Fired. In his new book, “Career Killer/Career Builders” he brings the depth of his personal and professional experience, that transcends professions and lifestyles, to the surface. As president of one of the largest retail leasing, management and investment sales firms in the Southeast, Crossman's guidance and insight comes from leadership in one of the most people oriented industries—commercial real estate. “From my personal experience, there is a need for additional training resources for the millennials on the core aspects of being a professional,” says Crossman. “Our goal is to help them lead a healthy and successful life.”

DEAL TRACKER

MIAMI—Tricera Capital and LNDMRK Development closed on a prime development site at 4112 Northeast 1st Avenue in Miami. The team purchased the asset for $2.8 million, which equates to $609 per square foot on land. BridgeInvest financed the acquisition through Charles Penan of Aztec Group. Chariff Realty Group represented the seller. Tricera and LNDMRK will build a new luxury three-story building, located in the Design District.

NAPLES, FL—Vanderbilt Naples Holdings, an affiliate of Stock Development, purchased a 3.55-acre waterfront property in Naples for $19.7 million from Vanderbilt Real Estate Holdings, Ltd. The buyer purchased the property, which consists of vacant land, a marina, apartments, condos, and commercial real estate property, with plans to develop a proposed 300-unit, 18-story luxury condo project. Jim Garinger, Fred Kolb, and Andrew Green, brokered the transaction. “The amount of offers we received was significant, so providing a detailed comparison analysis was crucial for our seller's decision-making process,” says Green.

BRADENTON, FL—Institutional Property Advisors, a division of Marcus & Millichap, has been awarded the exclusive listing for Vista at Palma Sola, a 340-unit multifamily asset in Bradenton. The property is being offered for sale unpriced and free and clear of existing debt. “Vista at Palma Sola has a strong advantage over the competitive set in the submarket, which is surrounded by high barriers to entry,” says Frank Carriera, senior managing director. “Of the few similar properties nearby, Vista at Palma Sola is the closest to Bradenton Beach and Anna Maria Island.”

MIAMI—Commercial 1 Realty brokered a 29,056-square-foot lease industrial lease for Worldwide Freight Logistics at Dolphin Commerce Center, 11200 Northwest 25 Street. This lease is valued at $1.4 million. Jesus Cortes of Commercial 1 represented the tenant, Worldwide Freight Logistics. Devin White of CBRE represented the landlord, Dolphin Commerce Center.

BUILDING BLOCKS

BOCA RATON, FL—Key International and Integra Investments, in partnership with affiliates of Wexford Capital, acquired one of the last developable waterfront parcels of land in east Boca Raton, totaling more than three acres for an undisclosed price. The site is approved for the development of a low-rise, luxury residential condominium project. The land can be found in a highly desirable area of Boca Raton, which ranks as one of the wealthiest cities in the US, having been named as one of “America's Millionaire Capitals.” Located just steps from the beach at 725 South Ocean Boulevard, the waterfront property fronts the quiet Lake Boca Raton and is located a short walk from the acclaimed Boca Beach Club.

MIAMI—Early this week in Florida saw strong traction in secondary markets. There's also a new book out that could help equip young commercial real estate professionals.

BY THE NUMBERS

Palm Beach County has 418 shopping centers that are over 20,000 square feet. (Source: Avison Young).

NEWS & NOTABLES

ORLANDO—Author and lecturer John Crossman, president of commercial real estate firm Crossman & Company, shares his expertise and insight based from his most requested speech, The Top 5 Ways to Get Fired and The Top 5 Ways to Keep from Being Fired. In his new book, “Career Killer/Career Builders” he brings the depth of his personal and professional experience, that transcends professions and lifestyles, to the surface. As president of one of the largest retail leasing, management and investment sales firms in the Southeast, Crossman's guidance and insight comes from leadership in one of the most people oriented industries—commercial real estate. “From my personal experience, there is a need for additional training resources for the millennials on the core aspects of being a professional,” says Crossman. “Our goal is to help them lead a healthy and successful life.”

DEAL TRACKER

MIAMI—Tricera Capital and LNDMRK Development closed on a prime development site at 4112 Northeast 1st Avenue in Miami. The team purchased the asset for $2.8 million, which equates to $609 per square foot on land. BridgeInvest financed the acquisition through Charles Penan of Aztec Group. Chariff Realty Group represented the seller. Tricera and LNDMRK will build a new luxury three-story building, located in the Design District.

NAPLES, FL—Vanderbilt Naples Holdings, an affiliate of Stock Development, purchased a 3.55-acre waterfront property in Naples for $19.7 million from Vanderbilt Real Estate Holdings, Ltd. The buyer purchased the property, which consists of vacant land, a marina, apartments, condos, and commercial real estate property, with plans to develop a proposed 300-unit, 18-story luxury condo project. Jim Garinger, Fred Kolb, and Andrew Green, brokered the transaction. “The amount of offers we received was significant, so providing a detailed comparison analysis was crucial for our seller's decision-making process,” says Green.

BRADENTON, FL—Institutional Property Advisors, a division of Marcus & Millichap, has been awarded the exclusive listing for Vista at Palma Sola, a 340-unit multifamily asset in Bradenton. The property is being offered for sale unpriced and free and clear of existing debt. “Vista at Palma Sola has a strong advantage over the competitive set in the submarket, which is surrounded by high barriers to entry,” says Frank Carriera, senior managing director. “Of the few similar properties nearby, Vista at Palma Sola is the closest to Bradenton Beach and Anna Maria Island.”

MIAMI—Commercial 1 Realty brokered a 29,056-square-foot lease industrial lease for Worldwide Freight Logistics at Dolphin Commerce Center, 11200 Northwest 25 Street. This lease is valued at $1.4 million. Jesus Cortes of Commercial 1 represented the tenant, Worldwide Freight Logistics. Devin White of CBRE represented the landlord, Dolphin Commerce Center.

BUILDING BLOCKS

BOCA RATON, FL—Key International and Integra Investments, in partnership with affiliates of Wexford Capital, acquired one of the last developable waterfront parcels of land in east Boca Raton, totaling more than three acres for an undisclosed price. The site is approved for the development of a low-rise, luxury residential condominium project. The land can be found in a highly desirable area of Boca Raton, which ranks as one of the wealthiest cities in the US, having been named as one of “America's Millionaire Capitals.” Located just steps from the beach at 725 South Ocean Boulevard, the waterfront property fronts the quiet Lake Boca Raton and is located a short walk from the acclaimed Boca Beach Club.