Miami

The luxury development firm's CEO and chairman Michael Shvo says the new hires will help the company stay ahead of the curve.

The Cleveland-based privately-held real estate investment management firm, is the new owner of the 417,513-square-foot complex that is currently 87% leased to nine tenants with a weighted average lease term of five to seven years.

Harbor, which is headquartered in Norfolk, VA and has offices in New York City, Baltimore and Israel, closed on the sale on the 100,700-square-foot three story office building on July 25, according to commercial brokerage firm CBRE.

The hotel investment and management firm has acquired and will operate the 127-room Courtyard by Marriott Madison East, the 130-room Fairfield Inn & Suites Madison East and the 115-room Hampton Inn Madison East Towne Mall Area.

KBS of Newport Beach, CA, acquired the 10-story 188,950-square-foot office property in 2015 in a joint venture with a sovereign partner.

What are some of the highlights that are moving many investors off the sidelines? GlobeSt.com takes a closer look.

The bank has signed a long-term lease for 63,000 square feet and will shift its corporate headquarters operations from 169 Miracle Mile to The Plaza at Coral Gables South Tower at 3011 Ponce de Leon Blvd. in 2022.

This is the first venture in South Florida by Gatsby Enterprises, and more purchases are planned in the region's urban cores.