Miami

BTI also reports it has obtained a $12-million loan secured by the 100-acre property from Florida Community Bank. A spokesman for BTI tells Globest.com that while the 100-acre parcel is on the market for sale, BTI still could possibly be involved in the development of the property.

The non-profit signed a 17,465-square-foot lease for its new headquarters at 5901 Broken Sound Parkway Northwest.

Club Med Sales renewed its 13,005-square-foot lease at Waterford Atrium and expanded by an additional 2,680 square feet. The company now occupies 15,685 square feet at 6505 Waterford, where it houses its sales operations.

The Irvine, CA-based Club Pilates says the firm has seen what it terms as “exponential growth” in Miami-Dade, Broward and Palm Beach counties.

Dr. Jerry Parrish, Florida Chamber Foundation chief economist, who forecasted earlier this year that Florida would reach the new $1-trillion economy threshold sometime in 2018, says the milestone was achieved last week. He notes that Florida is adding $2.74 billion each day to the state's GDP.

The Winter Park, FL project named Watercrest Winter Park will be developed by Vero Beach, FL-based Watercrest Senior Living and Titan Development Real Estate Fund 1.

The sale transaction for the 93.3%-leased shopping center was announced by brokerage firm HFF, which marketed the property on behalf of the seller, Retail Value Inc, which earlier this month spun off of Beechwood, OH-based DDR Corp.

Tony Cho, CEO of Metro 1, says his firm is seeking a hospitality partner to co-develop the one-acre site located at the intersection of Northwest 2nd Avenue and 29th Street. The conceptual plan calls for the development of hospitality, office, retail and possibly residential space.