Ari Pearl’s PPG Development has submitted plans for a 25-story office tower in Hallandale Beach, positioned opposite its Shell Bay development. Shell Bay features an upscale country club with a golf course, luxury residences, a hotel, and premium condos still being built. PPG Development intends to relocate its headquarters to this new tower from its current spot within Shell Bay.
Pearl describes the project as a unique Class A office building, unmatched in South Florida for its extensive amenities. Located at 1800 E. Hallandale Beach Blvd. on a 14-acre plot, the tower will offer 235,664 square feet of office space, 10,862 square feet of retail, and 885 parking spaces. Its indoor perks will span 18,851 square feet and include a pool, spa, cold plunge, gym, sauna, steam room, massage area, sports lounge, lockers, collaborative workspaces, and a playroom for kids. Outside, tenants can enjoy padel ball, pickleball, a jogging path, and a lounge area.
This mix of residential-style features sets it apart from most South Florida office towers, which typically lack such offerings unless paired with condos or hotels. Pearl notes that companies expanding in the region increasingly seek top-tier offices with extras that go beyond standard Class A designs, catering to a lifestyle where convenience is key.
Designed by Miami’s Kobi Karp Architecture, the tower’s floor sizes will range from 19,120 to 20,125 square feet. Pearl has enlisted Cushman & Wakefield to promote the office space, with marketing set to begin within 30 to 60 days, aiming for a groundbreaking in six months. This would mark Broward County’s only significant office project outside downtown Fort Lauderdale currently underway.
Pearl praises the site’s prime location, nestled between two major airports, near Aventura’s Brightline station, off I-95, and close to hotspots like Gulfstream Park, Aventura Mall, and Bal Harbour Shops. He points to the growing number of affluent residents in nearby areas like Sunny Isles Beach and Bal Harbour, where Class A office space is scarce. With global firms—think private equity, banks, and tech—flocking to South Florida, Pearl is confident the right tenants will fill the building, though he’s keeping rental rates under wraps for now.
The project, valued at $140 million per the city’s development list, awaits a city hearing. PPG Development, via PPG 1800 HBB Owner LLC, bought the land for $13.95 million in 2023.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-03-02 11:34:082025-03-02 11:34:08PPG Development Hopes To Bring Class A Office Building To Broward
A new office building featuring small suites is being planned along Interstate 95 in Hollywood.
BSD 23 Development LLC, led by Avihu Nahari from Aventura, has submitted an application for a 41,000-square-foot property at 2910 Polk Street. The proposal was scheduled to be reviewed by the city’s Technical Advisory Committee on February 18. The developer purchased the empty lot for $2.5 million in 2023.
The proposed structure would span 61,492 square feet across four floors and include a separate five-story parking garage with 220 spaces. The office levels would consist of individual suites, varying from 232 to 1,500 square feet, equipped with shared restrooms on each floor. A cafeteria would also be available on the ground level.
This development targets South Florida’s many smaller businesses, which often seek compact office spaces. The project’s design comes from Itamar Goldenholz of Goldenholz & Associates in Sunrise.
Situated on the east side of I-95, just north of the Hollywood Boulevard exit, the site is in an area with few nearby office buildings.
A recent Colliers report for the fourth quarter shows Hollywood’s office market with an 8% vacancy rate and an average rental price of $36.39 per square foot. The market saw a positive uptake of 9,713 square feet in the same period, with no ongoing office construction in Hollywood. Notably, the only significant office development in Broward County is currently happening in downtown Fort Lauderdale.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-02-23 16:33:282025-02-23 16:33:28New Office Building Planned In Hollywood
On Friday, Lone Star Funds announced that an affiliate of Lone Star Real Estate Fund VII, L.P., along with an affiliate of Highline Real Estate Capital LLC and Square2 Capital LLC, has acquired 401 East Las Olas Boulevard, marking the most significant office acquisition in Broward County in the past decade.
CBRE’s Institutional Office Group, led by Vice Chairman Christian Lee and Vice President Sean Kelly, represented the seller, a global investment manager. CBRE’s Debt & Structured Finance Group, led by Vice Chairmen Tom Traynor and Tom Rugg, Senior Vice President Amy Julian, and First Vice President Andrew Chilgren, represented the buyer in sourcing acquisition financing. The CBRE team also included Director Adam Spengler, Senior Associate Tom Rappa, Associate Henry Fenmore, and Financial Analyst Matthew Lee.
“Office properties in Fort Lauderdale’s CBD have thrived in the 2020’s, with strong absorption, sharp rent growth and declining vacancies. This is particularly true for top tier assets, which have outperformed because of an escalating flight to quality,” said Lee.
“With soaring construction costs and a dearth of remaining development sites in the Las Olas corridor, future supply will be tightly constrained and will result in continued strong rent growth for the area,” added Kelly.
The transaction closed February 13. While the terms were not disclosed, sources close to the deal reported the sale price to be in the neighborhood of $220 million, equating to more than $535 per square foot.
The 23-story, 410,561-square-foot Class AA office and retail tower—also known as Bank of America Plaza at Las Olas City Centre—sits on a full city block in the heart of Fort Lauderdale’s Las Olas Financial District. The property is home to a premier tenant roster, including Bank of America, Greenberg Traurig, Boies Schiller Flexner, Motorola Solutions, and UBS.
“We see a unique opportunity to invest in high-quality office assets that are among the best in their competitive set,” said Jérôme Foulon, Global Head of Commercial Real Estate at Lone Star. “The South Florida office market has strong underlying fundamentals, driven in part by in-migration trends and return-to-work mandates. At the same time, since new developments have all but stopped in recent years, some markets are experiencing shortages of office space in quality assets.”
“This acquisition represents our confidence in high-quality, well-located office assets that continue to demonstrate strong leasing fundamentals,” said David Moret, President of Highline Real Estate Capital. “401 has maintained an average occupancy of 94 percent since its inception and is positioned to continue to benefit from the evolving office market.”
Jay Caplin, Principal at Square2 Capital, added “with our previous repositioning success at 501 & 515 Las Olas Boulevard, we are confident we can amplify 401’s position as one of the most sought-after office towers in the state. Planned improvements will build upon 401’s status as the most amenitized office property in downtown Fort Lauderdale, featuring six on-site restaurants, a fitness center, and full-service banking.” Square2 Capital will manage the property for the new owner under the direction of Principal Mike Manno.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-02-16 18:17:152025-02-16 18:17:15Class AA Office Tower Trades Hands In Broward’s Second $200M+ Transaction In Two Days
Boca Raton-based CP Group has been awarded significant financial recoveries due to unpaid rent from tenants.
The latest case involves a default judgment of nearly $3.9 million against SuttonPark Capital LLC and Singer Asset Finance Company LLC, stemming from overdue rent, legal fees, late charges, and accelerated rent payments. It highlights a broader trend of aggressive legal action by CP Group when tenants fall behind on rent payments, as seen in the previous case with tenants at Miami Tower.
The default judgment is based on a substantial lease agreement for office space at One Boca Place, where the tenants failed to pay rent between June and October 2024, despite receiving a formal default notice. With the default judgment, CP Group has secured payment for both the past-due amounts and the remaining lease balance. Given the large figures involved and the history of litigation for unpaid rent at CP Group’s properties, this case underscores the importance of tenants adhering to lease terms, as failing to do so can result in hefty penalties beyond just unpaid rent.
The legal victories CP Group has experienced could further incentivize landlords in similar situations to pursue legal recourse for unpaid rents.
CBRE has been selected as the exclusive leasing agent for Coral Springs Medical Center, a 50,000-square-foot Class A medical office building in Coral Springs.
Christopher Dubberly and Jacob Sanchez with CBRE’s South Florida Healthcare team in Fort Lauderdale are leasing the property on behalf of the owner, Chicago-based Remedy Medical Properties.
Located at 1725 North University Drive, the four-story building offers three medical office spaces: a 14,500-square-foot, fully built-out surgical center with operating rooms and clinical space; a 5,583-square-foot medical suite featuring 12 exam rooms; and a 2,340-square-foot administrative office space. The property includes a 4.50:1000 parking ratio, covered patient drop-off, and prominent building signage opportunities.
“We’re excited to offer these premier medical spaces in the heart of Coral Springs,” said Dubberly, a First Vice President at CBRE. “The combination of move-in ready medical suites, established surgical infrastructure, and prime location makes this an ideal opportunity for healthcare providers looking to establish or expand their presence in South Florida.”
“The property’s institutional ownership through Remedy Medical Properties ensures a high-quality environment for medical tenants and their patients,” he added.
Situated 1.5 miles from Broward Health Coral Springs, the property is easily accessible via major roadways that support greater South Florida and serves an affluent demographic with average household incomes exceeding $101,000. It’s also three miles from HCA Florida Woodmont Hospital and one mile from The Walk at University and Coral Square.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-02-05 13:05:032025-02-05 13:05:03CBRE Engaged To Lease Class A Medical Office Building In Coral Springs
Blanca Commercial Real Estate announced key leadership appointments to support its rapidly-expanding Broward County presence.
Both South Florida natives and Broward residents, Christina Stine Jolley has been promoted to Senior Vice President & Broward Market Leader and Andrew “Andy” Ackerman joins as Senior Vice President.
“Christina has been integral to our success serving our clients in Broward County, and Andy’s deep expertise in office leasing and landlord representation will further contribute to the value we provide to our clients,” said Tere Blanca, Founder, Chairman, and CEO of Blanca Commercial Real Estate. “With the office market across South Florida and in Broward County outperforming the performance of other major metro regions, their combined expertise will be instrumental in advancing our commitment to continue to deliver unique insight and expertise to our clients and leadership in the market,” she added.
Andy Ackerman brings more than 20 years of experience to his role as Senior Vice President. Previously co-leading the leasing of a 3-million-square-foot office portfolio at Comreal and closing over $300 million in sales transactions with CBRE’s Private Client Group in Fort Lauderdale, Ackerman will lead the leasing of approximately 400,000 square feet of Broward County office properties.
“I am both excited and honored to join Blanca Commercial Real Estate, especially at a time when we are seeing and experiencing impressive growth and success in Broward County,” said Andrew Ackerman. “Broward County presents terrific opportunities for existing companies and new entrants to the market as well as for investors and developers. I’m looking forward to bringing my deep experience in commercial real estate to Blanca CRE and working alongside this talented team to deliver innovative and thoughtful solutions to clients that continue to set Blanca CRE apart.”
Christina Stine Jolley, with Blanca CRE since 2021, steps into her expanded role of Senior Vice President & Broward Market Leader as the firm anchors itself to capitalize on Broward’s evolving market dynamics. Her previous experience includes serving as Senior Associate at Cushman & Wakefield’s top office tenant advisory team in Broward.
“It’s an honor and a privilege to take on this new leadership role as we continue to grow with our clients in Broward County, a market where smart investments are made by the public and private sector which has proven to appeal to a broad demographic talent base,” said Christina Jolley. “Our team is energized and ready to meet the rising demand for exceptional commercial real estate services in the region.”
Ackerman and Jolley are based in Blanca CRE’s Downtown Ft. Lauderdale Office.
PPG Development Hopes To Bring Class A Office Building To Broward
/in News/by SFOBA STAFFAri Pearl’s PPG Development has submitted plans for a 25-story office tower in Hallandale Beach, positioned opposite its Shell Bay development. Shell Bay features an upscale country club with a golf course, luxury residences, a hotel, and premium condos still being built. PPG Development intends to relocate its headquarters to this new tower from its current spot within Shell Bay.
Pearl describes the project as a unique Class A office building, unmatched in South Florida for its extensive amenities. Located at 1800 E. Hallandale Beach Blvd. on a 14-acre plot, the tower will offer 235,664 square feet of office space, 10,862 square feet of retail, and 885 parking spaces. Its indoor perks will span 18,851 square feet and include a pool, spa, cold plunge, gym, sauna, steam room, massage area, sports lounge, lockers, collaborative workspaces, and a playroom for kids. Outside, tenants can enjoy padel ball, pickleball, a jogging path, and a lounge area.
This mix of residential-style features sets it apart from most South Florida office towers, which typically lack such offerings unless paired with condos or hotels. Pearl notes that companies expanding in the region increasingly seek top-tier offices with extras that go beyond standard Class A designs, catering to a lifestyle where convenience is key.
Designed by Miami’s Kobi Karp Architecture, the tower’s floor sizes will range from 19,120 to 20,125 square feet. Pearl has enlisted Cushman & Wakefield to promote the office space, with marketing set to begin within 30 to 60 days, aiming for a groundbreaking in six months. This would mark Broward County’s only significant office project outside downtown Fort Lauderdale currently underway.
Pearl praises the site’s prime location, nestled between two major airports, near Aventura’s Brightline station, off I-95, and close to hotspots like Gulfstream Park, Aventura Mall, and Bal Harbour Shops. He points to the growing number of affluent residents in nearby areas like Sunny Isles Beach and Bal Harbour, where Class A office space is scarce. With global firms—think private equity, banks, and tech—flocking to South Florida, Pearl is confident the right tenants will fill the building, though he’s keeping rental rates under wraps for now.
The project, valued at $140 million per the city’s development list, awaits a city hearing. PPG Development, via PPG 1800 HBB Owner LLC, bought the land for $13.95 million in 2023.
Source: SFBJ
New Office Building Planned In Hollywood
/in News/by SFOBA STAFFA new office building featuring small suites is being planned along Interstate 95 in Hollywood.
BSD 23 Development LLC, led by Avihu Nahari from Aventura, has submitted an application for a 41,000-square-foot property at 2910 Polk Street. The proposal was scheduled to be reviewed by the city’s Technical Advisory Committee on February 18. The developer purchased the empty lot for $2.5 million in 2023.
The proposed structure would span 61,492 square feet across four floors and include a separate five-story parking garage with 220 spaces. The office levels would consist of individual suites, varying from 232 to 1,500 square feet, equipped with shared restrooms on each floor. A cafeteria would also be available on the ground level.
This development targets South Florida’s many smaller businesses, which often seek compact office spaces. The project’s design comes from Itamar Goldenholz of Goldenholz & Associates in Sunrise.
Situated on the east side of I-95, just north of the Hollywood Boulevard exit, the site is in an area with few nearby office buildings.
A recent Colliers report for the fourth quarter shows Hollywood’s office market with an 8% vacancy rate and an average rental price of $36.39 per square foot. The market saw a positive uptake of 9,713 square feet in the same period, with no ongoing office construction in Hollywood. Notably, the only significant office development in Broward County is currently happening in downtown Fort Lauderdale.
Class AA Office Tower Trades Hands In Broward’s Second $200M+ Transaction In Two Days
/in Done Deals, News/by SFOBA STAFFOn Thursday, CRE-sources reported the $208 million trade of 350/450 East Las Olas, the largest transaction in a decade… until Friday.
On Friday, Lone Star Funds announced that an affiliate of Lone Star Real Estate Fund VII, L.P., along with an affiliate of Highline Real Estate Capital LLC and Square2 Capital LLC, has acquired 401 East Las Olas Boulevard, marking the most significant office acquisition in Broward County in the past decade.
CBRE’s Institutional Office Group, led by Vice Chairman Christian Lee and Vice President Sean Kelly, represented the seller, a global investment manager. CBRE’s Debt & Structured Finance Group, led by Vice Chairmen Tom Traynor and Tom Rugg, Senior Vice President Amy Julian, and First Vice President Andrew Chilgren, represented the buyer in sourcing acquisition financing. The CBRE team also included Director Adam Spengler, Senior Associate Tom Rappa, Associate Henry Fenmore, and Financial Analyst Matthew Lee.
The transaction closed February 13. While the terms were not disclosed, sources close to the deal reported the sale price to be in the neighborhood of $220 million, equating to more than $535 per square foot.
The 23-story, 410,561-square-foot Class AA office and retail tower—also known as Bank of America Plaza at Las Olas City Centre—sits on a full city block in the heart of Fort Lauderdale’s Las Olas Financial District. The property is home to a premier tenant roster, including Bank of America, Greenberg Traurig, Boies Schiller Flexner, Motorola Solutions, and UBS.
Boca Raton Office Owner Wins Multimillion-Dollar Lawsuit Against Tenant
/in News/by SFOBA STAFFBoca Raton-based CP Group has been awarded significant financial recoveries due to unpaid rent from tenants.
The latest case involves a default judgment of nearly $3.9 million against SuttonPark Capital LLC and Singer Asset Finance Company LLC, stemming from overdue rent, legal fees, late charges, and accelerated rent payments. It highlights a broader trend of aggressive legal action by CP Group when tenants fall behind on rent payments, as seen in the previous case with tenants at Miami Tower.
The default judgment is based on a substantial lease agreement for office space at One Boca Place, where the tenants failed to pay rent between June and October 2024, despite receiving a formal default notice. With the default judgment, CP Group has secured payment for both the past-due amounts and the remaining lease balance. Given the large figures involved and the history of litigation for unpaid rent at CP Group’s properties, this case underscores the importance of tenants adhering to lease terms, as failing to do so can result in hefty penalties beyond just unpaid rent.
The legal victories CP Group has experienced could further incentivize landlords in similar situations to pursue legal recourse for unpaid rents.
Source: SFBJ
CBRE Engaged To Lease Class A Medical Office Building In Coral Springs
/in Done Deals, News/by SFOBA STAFFCBRE has been selected as the exclusive leasing agent for Coral Springs Medical Center, a 50,000-square-foot Class A medical office building in Coral Springs.
Christopher Dubberly and Jacob Sanchez with CBRE’s South Florida Healthcare team in Fort Lauderdale are leasing the property on behalf of the owner, Chicago-based Remedy Medical Properties.
Located at 1725 North University Drive, the four-story building offers three medical office spaces: a 14,500-square-foot, fully built-out surgical center with operating rooms and clinical space; a 5,583-square-foot medical suite featuring 12 exam rooms; and a 2,340-square-foot administrative office space. The property includes a 4.50:1000 parking ratio, covered patient drop-off, and prominent building signage opportunities.
Situated 1.5 miles from Broward Health Coral Springs, the property is easily accessible via major roadways that support greater South Florida and serves an affluent demographic with average household incomes exceeding $101,000. It’s also three miles from HCA Florida Woodmont Hospital and one mile from The Walk at University and Coral Square.
Blanca CRE Expands Broward Leadership
/in News/by SFOBA STAFFBlanca Commercial Real Estate announced key leadership appointments to support its rapidly-expanding Broward County presence.
Both South Florida natives and Broward residents, Christina Stine Jolley has been promoted to Senior Vice President & Broward Market Leader and Andrew “Andy” Ackerman joins as Senior Vice President.
Andy Ackerman brings more than 20 years of experience to his role as Senior Vice President. Previously co-leading the leasing of a 3-million-square-foot office portfolio at Comreal and closing over $300 million in sales transactions with CBRE’s Private Client Group in Fort Lauderdale, Ackerman will lead the leasing of approximately 400,000 square feet of Broward County office properties.
Christina Stine Jolley, with Blanca CRE since 2021, steps into her expanded role of Senior Vice President & Broward Market Leader as the firm anchors itself to capitalize on Broward’s evolving market dynamics. Her previous experience includes serving as Senior Associate at Cushman & Wakefield’s top office tenant advisory team in Broward.
Ackerman and Jolley are based in Blanca CRE’s Downtown Ft. Lauderdale Office.