According to Grubb & Ellis’ recently issued South FloridaOffice Trends Report for First Quarter 2012, Broward County’s “up and down pace of net absorption” continued while “tempered improvement” was seen during the First Quarter in Palm Beach County.
You can view Grubb & Ellis’ complete Office Trends Report for each county by clicking on the links below:
Thank you to Eric Messer, Research Services Manager, Grubb & Ellis.
https://sfoba.com/wp-content/uploads/2012/04/South-Florida-Office-Trends.png270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-04-26 00:55:122012-04-26 00:55:12Broward Has It’s Ups And Downs, Palm Beach Sees Tempered Improvement
Invesco has named CBRE as the new leasing and property management team for One Boca Place, a 277,390-square-foot, Class A office complex located at the intersection of Glades Road and Executive Center Drive, at 2255 Glades Road in Boca Raton.
CBRE Senior Vice President Michael Wilson and will be joined by Vice President Deborah Fink to manage the leasing assignment for One Boca Place.
With the property management assignment, CBRE will welcome four new professionals from the on-site management team—Real Estate Manager Millie Munoz, Assistant Real Estate Manager Patricia Lehmbeck, Real Estate Services Administrator Debora Herman, and Chief Operating Engineer Dominick Gallo will come under the leadership of Director Lisa Jesmer, Associate Director Brandi Tyler and Senior Chief Engineer Mark Lawson. Project Manager Hollis Lillard will lead project management.
The property was previously represented by Grubb & Ellis.
https://sfoba.com/wp-content/uploads/2012/04/one-boca-place.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-04-18 19:25:542012-04-18 19:25:54CBRE Tapped To Lease, Manage One Boca Place
BGC is rapidly integrating Newmark Knight Frank, which it acquired in October 2011, with Grubb & Ellis, forming Newmark Grubb Knight Frank, its new full-service commercial real estate platform.
In addition to the Grubb & Ellis professionals now joining the combined firm, Newmark Knight Frank has added more than 50 brokers in offices across the country in the last several months.
Michael Lehrman, global head of real estate at BGC, says in a prepared statement that “With more than 100 offices in North America, 250 million square feet in Property and Facilities Management, and an outstanding national Appraisal business, the creation of Newmark Grubb Knight Frank is a game-changing moment in the real estate industry. Newmark Knight Frank and Grubb & Ellis each have consistently ranked among the leading companies in the real estate industry, and now these two great brands have come together as an even more impressive competitive presence in the real estate marketplace.”
Barry Gosin, CEO of the combined Newmark Grubb Knight Frank, commented, “Our value proposition embraces a portfolio of management services, capital markets, corporate services, investment sales, leasing, tenant and landlord representation, property and facilities management, industrial engineering, appraisal and valuation services. In short, it’s a fresh and comprehensive way of identifying creative, fully integrated solutions to meet clients’ complex real estate objectives by applying BGC’s capital, management, and technology as we enlarge the scale of our real estate services platform and expand into new markets.”
Lehrman adds “Our integrated real estate business brings together an extraordinary team of best-in-class brokers, property management, facilities management and appraisal executives and their staff. This transaction is a testament to the dedication and shared client focus of literally hundreds of individuals at BGC, Newmark Knight Frank, Grubb & Ellis and their respective affiliates.”
According to Jimmy Kuhn, president of the combined Newmark Grubb Knight Frank, said, “With our teams working together, we have already won significant new mandates. Clients are telling us that with the proven strengths of Newmark Knight Frank, Grubb & Ellis’s investment sales capabilities and expertise across multiple practice groups, and BGC’s expertise in global capital markets, Newmark Grubb Knight Frank represents one of the most powerful solutions in the real estate industry.”
https://sfoba.com/wp-content/uploads/2012/04/JimmyKuhn.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-04-18 02:14:022012-04-18 02:14:02BGC Forms Newmark Grubb Knight Frank
Looking for 30,000 – 50,000 square foot free standing office building in the Boca Raton submarket.
User requiring 30,000 square feet, occupancy late 2013.
Please email information to: Jim Cahlin, Senior Vice President, Jones Lang LaSalle.
You can also reach Jim at:
954.653.3229 Direct
954.560.1005 Cell
https://sfoba.com/wp-content/uploads/2012/04/purchase-requirement.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-04-11 15:13:322012-04-11 15:13:32Looking For 30,000-50,000 SF To Purchase
Rossmeyer’s former Harley Davidson dealership, located at 2900 Center Port Circle in Pompano was purchased by 9006-4940 U.S., Inc. for $2.75 million, or about $162 per square foot.
The 17,000-square-foot building was built in 2002 on 2.9 acres.
Kimberly Barbar of Stiles Realty represented the seller. Jay Meitchik of The Fitzgerald Group represented the buyer.
Riviera Point Holdings LLC will break ground March 29 on a $17 million business complex in Miramar that brings international investment and a location for hundreds of new jobs to the area.
The first new office construction in that market since 2009, The Professional Center at Riviera Point, located on a four-acre site at University Drive and the Florida Turnpike, will have 70,000 square feet of office space in two four-story buildings. The initial building is projected for completion in February 2013.
“By attracting job-creating international investment, we expect our Miramar center will help stimulate the regional economy,” said Riviera Point CEO Rodrigo Azpurua, CCIM. “The first building is funded by $7.5 million from investors from Venezuela, Argentina and Spain who recognize the advantages of owning assets in the United States and qualifying for permanent U.S. residency through the EB-5 program.”
According to an economic impact study by Wright Johnson LLC of Palm Beach, The Riviera Point development will result in the creation of 441 jobs from the construction and operation of the center once fully tenanted. Corrales Architectural Group of Boca Raton designed the professional center and Cushman Wakefield is the leasing agent. According to Jon Blunk of Cushman Wakefield, the complex offers easy access to area expressways and is flexible enough to accommodate multiple professional firms or a single corporate user in each building. He noted that the development is well-timed to meet the demand for new generation space in a market where vacancy rates have been steadily declining.
The Professional Center at Riviera Point qualified as an EB-5 investment opportunity under the U.S. Citizenship and Immigration Services (USCIS) program, and is part of the Florida Regional Center EB-5 Investment, LLC. EB-5 allows a foreign national interested in obtaining permanent U.S residency to qualify by investing in a commercial enterprise that generates at least 10 jobs for U.S. workers for two years. At that point, the conditional EB-5 Visa becomes permanent. The qualifying investment for a project such as Riviera Point, which is located in a Targeted Employment Area, is $500,000.
Principals of the Riviera Point management team have managed development of nearly 1 million square feet in office properties in South Florida and the Americas. Florida projects include the Coral Springs Professional Campus, and the Lake Mary Professional Campus in Orlando. Azpurua emigrated from Venezuela, where he practiced law, in 2001. Partner Luis Pardo, who came in 2003, is a third-generation Venezuelan developer.
Azpurua said they’ve used their experience to plan a project that meets the stringent criteria fundamental to a successful real estate project and the legal framework of EB-5. “That approach smooths the way for investors to qualify. As a result, our project is underway while others remain on the drawing boards,” he said. “We know first-hand, having emigrated from Venezuela ourselves, what a life-changing and important step it is, and we are grateful for the opportunity. We are accountable now to see that our investors succeed, by keeping this project on track and meeting the job creation requirements.”
Riviera Point Holdings enters the Southwest Broward County market at an ideal time, according to Azpurua. “Miramar has set the stage for a thriving economic future,” he said. “We are excited to have a role in the vision that’s taking shape with projects such as Miramar Town Center and Rockefeller Group Corporate Center.”
https://sfoba.com/wp-content/uploads/2012/04/RivieraPointProfessionalCenter-Rendering.jpg6111533SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-04-05 01:54:212012-04-05 01:54:21Business Complex Breaks Ground In Miramar
Broward Has It’s Ups And Downs, Palm Beach Sees Tempered Improvement
/in Trends/by SFOBA STAFFAccording to Grubb & Ellis’ recently issued South Florida Office Trends Report for First Quarter 2012, Broward County’s “up and down pace of net absorption” continued while “tempered improvement” was seen during the First Quarter in Palm Beach County.
You can view Grubb & Ellis’ complete Office Trends Report for each county by clicking on the links below:
Office Trends Report—First Quarter 2012 Broward County
Office Trends Report—First Quarter 2012 Palm Beach County
Office Trends Report—First Quarter 2012 Miami-Dade County
Thank you to Eric Messer, Research Services Manager, Grubb & Ellis.
CBRE Tapped To Lease, Manage One Boca Place
/in News/by SFOBA STAFFInvesco has named CBRE as the new leasing and property management team for One Boca Place, a 277,390-square-foot, Class A office complex located at the intersection of Glades Road and Executive Center Drive, at 2255 Glades Road in Boca Raton.
CBRE Senior Vice President Michael Wilson and will be joined by Vice President Deborah Fink to manage the leasing assignment for One Boca Place.
With the property management assignment, CBRE will welcome four new professionals from the on-site management team—Real Estate Manager Millie Munoz, Assistant Real Estate Manager Patricia Lehmbeck, Real Estate Services Administrator Debora Herman, and Chief Operating Engineer Dominick Gallo will come under the leadership of Director Lisa Jesmer, Associate Director Brandi Tyler and Senior Chief Engineer Mark Lawson. Project Manager Hollis Lillard will lead project management.
The property was previously represented by Grubb & Ellis.
BGC Forms Newmark Grubb Knight Frank
/in News/by SFOBA STAFFBGC is rapidly integrating Newmark Knight Frank, which it acquired in October 2011, with Grubb & Ellis, forming Newmark Grubb Knight Frank, its new full-service commercial real estate platform.
In addition to the Grubb & Ellis professionals now joining the combined firm, Newmark Knight Frank has added more than 50 brokers in offices across the country in the last several months.
Michael Lehrman, global head of real estate at BGC, says in a prepared statement that “With more than 100 offices in North America, 250 million square feet in Property and Facilities Management, and an outstanding national Appraisal business, the creation of Newmark Grubb Knight Frank is a game-changing moment in the real estate industry. Newmark Knight Frank and Grubb & Ellis each have consistently ranked among the leading companies in the real estate industry, and now these two great brands have come together as an even more impressive competitive presence in the real estate marketplace.”
Barry Gosin, CEO of the combined Newmark Grubb Knight Frank, commented, “Our value proposition embraces a portfolio of management services, capital markets, corporate services, investment sales, leasing, tenant and landlord representation, property and facilities management, industrial engineering, appraisal and valuation services. In short, it’s a fresh and comprehensive way of identifying creative, fully integrated solutions to meet clients’ complex real estate objectives by applying BGC’s capital, management, and technology as we enlarge the scale of our real estate services platform and expand into new markets.”
Lehrman adds “Our integrated real estate business brings together an extraordinary team of best-in-class brokers, property management, facilities management and appraisal executives and their staff. This transaction is a testament to the dedication and shared client focus of literally hundreds of individuals at BGC, Newmark Knight Frank, Grubb & Ellis and their respective affiliates.”
According to Jimmy Kuhn, president of the combined Newmark Grubb Knight Frank, said, “With our teams working together, we have already won significant new mandates. Clients are telling us that with the proven strengths of Newmark Knight Frank, Grubb & Ellis’s investment sales capabilities and expertise across multiple practice groups, and BGC’s expertise in global capital markets, Newmark Grubb Knight Frank represents one of the most powerful solutions in the real estate industry.”
Looking For 30,000-50,000 SF To Purchase
/in News/by SFOBA STAFFLooking for 30,000 – 50,000 square foot free standing office building in the Boca Raton submarket.
User requiring 30,000 square feet, occupancy late 2013.
Please email information to: Jim Cahlin, Senior Vice President, Jones Lang LaSalle.
You can also reach Jim at:
954.653.3229 Direct
954.560.1005 Cell
Harley Davidson’s Pompano Showroom Sells
/in Done Deals/by SFOBA STAFFRossmeyer’s former Harley Davidson dealership, located at 2900 Center Port Circle in Pompano was purchased by 9006-4940 U.S., Inc. for $2.75 million, or about $162 per square foot.
The 17,000-square-foot building was built in 2002 on 2.9 acres.
Kimberly Barbar of Stiles Realty represented the seller. Jay Meitchik of The Fitzgerald Group represented the buyer.
Source: CoStar
Business Complex Breaks Ground In Miramar
/in News/by SFOBA STAFFRiviera Point Holdings LLC will break ground March 29 on a $17 million business complex in Miramar that brings international investment and a location for hundreds of new jobs to the area.
The first new office construction in that market since 2009, The Professional Center at Riviera Point, located on a four-acre site at University Drive and the Florida Turnpike, will have 70,000 square feet of office space in two four-story buildings. The initial building is projected for completion in February 2013.
“By attracting job-creating international investment, we expect our Miramar center will help stimulate the regional economy,” said Riviera Point CEO Rodrigo Azpurua, CCIM. “The first building is funded by $7.5 million from investors from Venezuela, Argentina and Spain who recognize the advantages of owning assets in the United States and qualifying for permanent U.S. residency through the EB-5 program.”
According to an economic impact study by Wright Johnson LLC of Palm Beach, The Riviera Point development will result in the creation of 441 jobs from the construction and operation of the center once fully tenanted. Corrales Architectural Group of Boca Raton designed the professional center and Cushman Wakefield is the leasing agent. According to Jon Blunk of Cushman Wakefield, the complex offers easy access to area expressways and is flexible enough to accommodate multiple professional firms or a single corporate user in each building. He noted that the development is well-timed to meet the demand for new generation space in a market where vacancy rates have been steadily declining.
The Professional Center at Riviera Point qualified as an EB-5 investment opportunity under the U.S. Citizenship and Immigration Services (USCIS) program, and is part of the Florida Regional Center EB-5 Investment, LLC. EB-5 allows a foreign national interested in obtaining permanent U.S residency to qualify by investing in a commercial enterprise that generates at least 10 jobs for U.S. workers for two years. At that point, the conditional EB-5 Visa becomes permanent. The qualifying investment for a project such as Riviera Point, which is located in a Targeted Employment Area, is $500,000.
Principals of the Riviera Point management team have managed development of nearly 1 million square feet in office properties in South Florida and the Americas. Florida projects include the Coral Springs Professional Campus, and the Lake Mary Professional Campus in Orlando. Azpurua emigrated from Venezuela, where he practiced law, in 2001. Partner Luis Pardo, who came in 2003, is a third-generation Venezuelan developer.
Azpurua said they’ve used their experience to plan a project that meets the stringent criteria fundamental to a successful real estate project and the legal framework of EB-5. “That approach smooths the way for investors to qualify. As a result, our project is underway while others remain on the drawing boards,” he said. “We know first-hand, having emigrated from Venezuela ourselves, what a life-changing and important step it is, and we are grateful for the opportunity. We are accountable now to see that our investors succeed, by keeping this project on track and meeting the job creation requirements.”
Riviera Point Holdings enters the Southwest Broward County market at an ideal time, according to Azpurua. “Miramar has set the stage for a thriving economic future,” he said. “We are excited to have a role in the vision that’s taking shape with projects such as Miramar Town Center and Rockefeller Group Corporate Center.”