Navarro Lowrey Properties, Inc. recently announced that Nowlen, Holt & Miner, P.A. has leased 5,700 square feet of the 17th floor of Northbridge Centre.
Northbridge Centre is located at 515 North Flagler Drive in West Palm Beach.
The firm will be moving from its current offices at 215 Fifth Street in West Palm Beach to its new offices at Northbridge Centre upon completion of its tenant improvements expected the first quarter of 2012.
Mark C. “ Bo” Paty, Vice President of Navarro Lowrey Properties, represented the tenant and Kirk Fetter represented the owner in the transaction.
Formally organized in 1961, Nowlen, Holt & Miner, P.A. has become one of the larger Certified Public Accounting firms in Palm Beach County, Florida.
https://sfoba.com/wp-content/uploads/2011/12/northbridge-centre.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2011-12-14 02:15:012011-12-14 02:15:01Bo Paty Inks Northbridge Centre Lease
And with the new owner comes new leasing representation…at least that’s the word on the street. Rumor has it that Deborah Fink and Jeff Kelly of CBRE have been awarded the leasing assignment. The office park was being represented by Molly McDonough and Greg Martin of Flagler Real Estate Services.
The three buildings that make up the office park, located at 1615, 1625 at 1690 S. Congress Ave., were built in 1981 and total 244,247 rentable square feet. It is 45 percent occupied.
https://sfoba.com/wp-content/uploads/2011/12/The-Arbors-Office-Park.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2011-12-07 18:24:532011-12-07 18:24:53Big Changes At The Arbors Office Park
Stephen A. Heim, CCIM and Franklin B. Morrison, P.A. of NAI Rauch Weaver Norfleet Kurtz & Co. represented the Tenant, Southern Financial Title, Inc. and Law Offices of Bakalar & Topouzis, P.A., in a recent 4,600 SF lease transaction at the Stirling Square Office Center office building located at 2901 Stirling Road, Fort Lauderdale, FL 33312.
The 4,600 SF of office space will be used as a law office.
Las Vegas Sands has concluded that Broward County offers the right infrastructure to serve a casino and convention destination resort. The casino and convention center operator is equally interested in finding a site in Broward as much as it is looking in Miami-Dade County, according to Las Vegas Sands lobbyist Nick Iarossi.
Las Vegas Sands would need about 50 acres with easy access to main roads and highways and not necessarily on the waterfront, Iarossi said. He is a government consultant with Capital City Consulting in Tallahassee.
The Fort Lauderdale-Hollywood International and Palm Beach International airports could easily serve out-of-state visitors who would attend large conventions at a future Las Vegas Sands resort destination. Iarossi made the remarks before members of the Fort Lauderdale Chamber of Commerce, which hosted a casino forum today.
For either county, he said Las Vegas Sands envisions a resort that would include hotel rooms, a convention center, a performance hall, restaurants and retail space.
But he said the resort would not have enough rooms to serve a proposed convention center that would range in space between 500,000 square feet and 1 million square feet. Therefore, existing local hotels would benefit from an overflow of business from a Las Vegas Sands resort.
Iarossi said his client has yet to come up with a design for a casino destination. For now, Las Vegas Sands is waiting to see what happens with a bill to legalize casino gaming in Florida. The state Legislature plans to vote on the bill during its 2012 session starting in January.
The Florida Department of Revenue has decided to suspend its consideration of a sales tax on tenant improvements to commercial property.
For now, at least.
“We are not proceeding with the rule at this time,” DOR spokeswoman Renee Watters said Tuesday.
Commercial real estate brokers and development industry leaders opposed the tax, suggesting it had the potential to have a significant negative impact on the state’s economic comeback.
The Florida Gulfcoast Association of Realtors hosted a meeting of industry leaders and DOR officials in Tampa earlier this month.
Tenant improvements are any type of added or changed development to a real estate structure made to help a lessee conduct business. Industry officials were concerned that a tax would dampen tenants’ willingness to improve and expand their businesses, a key to Florida’s recovery.
Could the proposal return in the future? “That’s what ‘at this time’ generally means,” Watters said.
The state is facing a $2 billion budget shortfall in 2012.
The long-awaited $790 million runway expansion at Fort Lauderdale-Hollywood International Airport will have the Broward County Aviation Department departing its home on airport grounds.
The department recently signed a five-year lease with Boston-based Cabot Properties for 32,812 square feet at 2200 SW 45th Street in Dania Beach. The agency’s current office is in the path of the new runway, which will soar over U.S. 1.
The agency is expected to move into its new office, a former administrative office for Robb & Stucky, in the first quarter of next year.
Tom Viscount of Butters Realty & Management, John Halliday and J.C. Halliday of the Halliday Group and John Dohm of Infinity Commercial Real Estate brokered the transaction.
“The three brokerage firms worked together to get this lease completed, with each playing an integral role to help the Aviation Department meet its tight financial budget, which was good for the county, while delivering a top-notch government tenant to Cabot,” Viscount said. “It was a time-consuming and challenging transaction and could not have been done without the efforts and cooperation of everybody. Cabot was really willing to go the extra mile for the Aviation Department.”
Bo Paty Inks Northbridge Centre Lease
/in Done Deals, News/by SFOBA STAFFNavarro Lowrey Properties, Inc. recently announced that Nowlen, Holt & Miner, P.A. has leased 5,700 square feet of the 17th floor of Northbridge Centre.
Northbridge Centre is located at 515 North Flagler Drive in West Palm Beach.
The firm will be moving from its current offices at 215 Fifth Street in West Palm Beach to its new offices at Northbridge Centre upon completion of its tenant improvements expected the first quarter of 2012.
Mark C. “ Bo” Paty, Vice President of Navarro Lowrey Properties, represented the tenant and Kirk Fetter represented the owner in the transaction.
Formally organized in 1961, Nowlen, Holt & Miner, P.A. has become one of the larger Certified Public Accounting firms in Palm Beach County, Florida.
Big Changes At The Arbors Office Park
/in Rumors/by SFOBA STAFFCommercial investor RexxHall Realty has expanded its South Florida holdings beyond apartments to include office space with the $12.75 million purchase of the The Arbors Office Park in Delray Beach.
And with the new owner comes new leasing representation…at least that’s the word on the street. Rumor has it that Deborah Fink and Jeff Kelly of CBRE have been awarded the leasing assignment. The office park was being represented by Molly McDonough and Greg Martin of Flagler Real Estate Services.
The three buildings that make up the office park, located at 1615, 1625 at 1690 S. Congress Ave., were built in 1981 and total 244,247 rentable square feet. It is 45 percent occupied.
RWNK’s Heim & Morrison Ink Stirling Square Deal
/in Done Deals/by SFOBA STAFFStephen A. Heim, CCIM and Franklin B. Morrison, P.A. of NAI Rauch Weaver Norfleet Kurtz & Co. represented the Tenant, Southern Financial Title, Inc. and Law Offices of Bakalar & Topouzis, P.A., in a recent 4,600 SF lease transaction at the Stirling Square Office Center office building located at 2901 Stirling Road, Fort Lauderdale, FL 33312.
The 4,600 SF of office space will be used as a law office.
Las Vegas Sands Eyes Broward To Develop Casino Gambling Resort
/in News/by SFOBA STAFFLas Vegas Sands has concluded that Broward County offers the right infrastructure to serve a casino and convention destination resort. The casino and convention center operator is equally interested in finding a site in Broward as much as it is looking in Miami-Dade County, according to Las Vegas Sands lobbyist Nick Iarossi.
Las Vegas Sands would need about 50 acres with easy access to main roads and highways and not necessarily on the waterfront, Iarossi said. He is a government consultant with Capital City Consulting in Tallahassee.
The Fort Lauderdale-Hollywood International and Palm Beach International airports could easily serve out-of-state visitors who would attend large conventions at a future Las Vegas Sands resort destination. Iarossi made the remarks before members of the Fort Lauderdale Chamber of Commerce, which hosted a casino forum today.
For either county, he said Las Vegas Sands envisions a resort that would include hotel rooms, a convention center, a performance hall, restaurants and retail space.
But he said the resort would not have enough rooms to serve a proposed convention center that would range in space between 500,000 square feet and 1 million square feet. Therefore, existing local hotels would benefit from an overflow of business from a Las Vegas Sands resort.
Iarossi said his client has yet to come up with a design for a casino destination. For now, Las Vegas Sands is waiting to see what happens with a bill to legalize casino gaming in Florida. The state Legislature plans to vote on the bill during its 2012 session starting in January.
Source: DBR
Department of Revenue Pulls Tenant Improvement Tax
/in News/by SFOBA STAFFThe Florida Department of Revenue has decided to suspend its consideration of a sales tax on tenant improvements to commercial property.
For now, at least.
“We are not proceeding with the rule at this time,” DOR spokeswoman Renee Watters said Tuesday.
Commercial real estate brokers and development industry leaders opposed the tax, suggesting it had the potential to have a significant negative impact on the state’s economic comeback.
The Florida Gulfcoast Association of Realtors hosted a meeting of industry leaders and DOR officials in Tampa earlier this month.
Tenant improvements are any type of added or changed development to a real estate structure made to help a lessee conduct business. Industry officials were concerned that a tax would dampen tenants’ willingness to improve and expand their businesses, a key to Florida’s recovery.
Could the proposal return in the future? “That’s what ‘at this time’ generally means,” Watters said.
The state is facing a $2 billion budget shortfall in 2012.
Source: TBBJ
3 Firms Join Forces In 33K Broward Aviation Lease
/in Done Deals/by SFOBA STAFFThe long-awaited $790 million runway expansion at Fort Lauderdale-Hollywood International Airport will have the Broward County Aviation Department departing its home on airport grounds.
The department recently signed a five-year lease with Boston-based Cabot Properties for 32,812 square feet at 2200 SW 45th Street in Dania Beach. The agency’s current office is in the path of the new runway, which will soar over U.S. 1.
The agency is expected to move into its new office, a former administrative office for Robb & Stucky, in the first quarter of next year.
Tom Viscount of Butters Realty & Management, John Halliday and J.C. Halliday of the Halliday Group and John Dohm of Infinity Commercial Real Estate brokered the transaction.
“The three brokerage firms worked together to get this lease completed, with each playing an integral role to help the Aviation Department meet its tight financial budget, which was good for the county, while delivering a top-notch government tenant to Cabot,” Viscount said. “It was a time-consuming and challenging transaction and could not have been done without the efforts and cooperation of everybody. Cabot was really willing to go the extra mile for the Aviation Department.”