Miami

Avison Young identified Florida for the service line expansion in response to the Capital Market Group's rapid transaction volume growth and growing client demand for valuation portfolio management, development consulting, partnerships and resolution and litigation support, company officials state.

While there will be some softness and “over reaction” by some as the retail sector continues its transition, Bell notes, “We are not going to see a situation where there is a 'retail apocalypse.'”

Once the expansion is complete, the Gulf Coast Medical Center's bed capacity will increase from 356 to 624.

Industrial demand is surging across the country and there is strong activity across most real estate sectors, says Akerman's Eric Rapkin, who <b>EXCLUSIVELY</b> chatted with GlobeSt.com about big-picture trends and issues impacting different commercial real estate sectors.

While retail analysts continue to postulate the impact of the Winn-Dixie bankruptcy and its store closings, as well as Amazon's acquisition of Whole Foods', the fact remains that Publix is the “gorilla” in the grocery market, Avison Young states in the report.

The firm intends to construct three buildings: Building 100 – 104,950 square feet, Building 200 – 145,164 square feet and Building 300 – 402,582 square feet. Groundbreaking on the project is expected later this month.

Miami-based Apollo Bank provided Riviera Point Development Group $10.7 million in construction financing for the project.

Foncière des Régions also reports it has selected InterContinential Hotels Group, based in Denham, Buckinghamshire, to rebrand and operate 13 of the newly acquired hotels via long-term, triple-net lease deals.