MIAMI---With telecom and info tech space-users powering much of South Florida's economic growth, office vacancy rates are down and construction activity is up.
MIAMI LAKES, FL-The Graham Cos.' newest $8.5 million building at Miami Lakes Town Center is adding VoiceStream Wireless as a 4,884-sf tenant in a $23.55 psf, five-year lease valued at $575,000.
BOCA RATON-The 65,000-sf Millennium Building is 100% leased, thanks to a five to 10-year transaction by the optical data transport system manufacturer for 28,500 sf at an estimated value of $3.5 million.
MIAMI-The real estate services firm is giving four seasoned veterans new responsibilities as the South Florida office continues its ongoing growth with new services, clients and volume.
NORTH MIAMI BEACH, FL-MyShopping Center.com, a local startup, aims to wire supermarket-anchored shopping centers in South Florida and beyond for Internet and broadband services.
MIAMI-In the largest transaction of its kind to date, Exodus Communications Inc. is leasing 370,000 sf of telecom space for at least 10-years in LightSpeed Center at Beacon Tradeport. The park is in Miami's Airport West section near International Airport.
MIAMI-Codina Group is paying $40 million or $851,064 per acre ($19.54 psf) for the 30-year-old Free Trade Zone facility and land near International Airport. The developer plans a 950,000-sf high-tech park on the site.
MIAMI-Taubman Centers is ringing the calender on anticipated opening dates for four Florida retail ventures totaling 5.16 million sf with an estimated hard-cost construction value of $50 million.