BOCA RATON, FL-David Lipp spent the past 12 years as a senior vice president with Grubb & Ellis in South Florida. He has more than 20 years' experience in the industry and will serve such clients as Wal-Mart, Marriott, McDonald's.
COCONUT CREEK, FL-West Creek Commons totals 58,549 sf and cost about $10 million to build. The center, which is 96% leased, is anchored by a Publix supermarket.
HOLLYWOOD, FL-The previous lease was bought out, and the airline caterer, forced to find a new location quickly because of eminent domain issues, inked a deal for the 55,000-sf space. The deal is estimated to worth at least $2.39 million.
MIAMI-The market experienced a decrease in its overall vacancy rate, significant leasing deals, a slowing down of new construction and a positive absorption of 75,915 sf in the second quarter, according to a Cushman & Wakefield quarterly report.
PALM BEACH GARDENS, FL-Locally based Correctional Properties Trust gave underwriters the option to purchase an extra 450,000 shares of common stock to cover any over-allotments.
HOLLYWOOD, FL-The North Miami Beach-based REIT pays $75.3 million, or about $166.74 per sf, for Sheridan Plaza, located on 46 acres here. The 98% leased property was built in 1973 and redeveloped in 1991.
MIAMI-Before joining the commercial real estate advisory firm, where he has served as an associate, Goodman was a senior financial analyst for WorldStar Resorts and provided consulting and due diligence for major corporate clients for KPMG.
MIAMI-Healthy employment gains are expected to fuel improvements in the market, according to a recent South Florida Office Market Research Report by Marcus & Millichap.
