110 Tower, the 30-story, 391,473 square-foot ‘class-A’ office building located in Downtown Fort Lauderdale’s Central Business District, is pleased to announce that Mayor Jack Seiler and the City Commission of Fort Lauderdale have designated September 7, 2011 as “110 Tower Day” in the City of Fort Lauderdale.
The Proclamation, presented by Commissioner Romney Rogers during the City Commission meeting on September 7, was issued in recognition of 110 Tower earning the prestigious LEED Gold certification from the U.S. Green Building Council (USGBC), and comes merely two weeks after 110 Tower also won the GalaVerde award in the LEED for Existing Buildings category presented by USGBC’s South Florida Chapter.
110 Tower is currently the only option for tenants seeking a LEED Gold certified building within a multi-tenant high-rise office tower in Downtown Fort Lauderdale. Less than 300 buildings worldwide have received 110 Tower’s high-level distinction. In addition, 110 Tower achieved an ENERGY STAR® rating from the Environmental Protection Agency (EPA), the only building in the Central Business District to earn this recognition.
David Castilla, president, GenCap Partners, representing the owner of 110 Tower, accepted the proclamation on the team’s behalf, thanking the City of Fort Lauderdale for their unwavering support and reinforcing the team’s commitment to strong sustainability policies in order to afford tenants and surrounding neighbors the long-term benefits their investment provides.
110 Tower is in the midst of a comprehensive $15 million renovation program that includes upgrades to the ground floor lobby, new interior and exterior retail spaces, upgraded upper-floor common areas, restroom and other interior spaces, replacement and improvement of all building primary mechanical systems, and a unique exterior lighting system. Since coming on board as the building’s property management and commercial leasing team in 2009, Transwestern has leased more than 200,000 square feet of office space of which 90,000 are new tenants. 110 Tower’s onsite property management team utilized the expertise of Transwestern Sustainability Services, a LEED consulting firm based in Milwaukee, to achieve their goals for 110 Tower. The team included AECOM, City Construction, Coastal Building Maintenance, ECO and DebonAir Mechanical.
In order to achieve the heightened standards of LEED Gold from USGBC, GenCap Partners and Transwestern incorporated a number of enhanced eco-friendly strategies, resulting in an even greater environmental impact. These features included:
Energy Efficiency: The Tower’s Energy Star score was 86, placing it in the top 14% of similar buildings nationwide. The building emits 33% less greenhouse gas emissions than an average building, and is saving more than $198,000 on utility bills annually.
Sustainable Site: A highly reflective roof surface and an 8,798 square-foot vegetated roof area reduces the urban heat island effect, and minimizes the impacts of microclimates on humans and wildlife.
Water System Efficiency: The implementation of a water efficiency program, including plumbing fixture retrofits, accomplished a 35% reduction of water use in all fixtures.
Green Cleaning: The Tower utilizes products and equipment that are toxin-free to preserve air quality in the building.
Recycling: Implementation of a waste stream audit and occupant education programs to increase the amount of recycling and waste diversion in the building.
Purchasing: The Tower uses a green office supply purchasing program to minimize the environmental impacts related to energy use, resource depletion, and waste.
If you haven’t heard about it, “projection mapping” is defined by Mashable as “a relatively new technology that animates stationary objects with 3D video.” While researching this “new technology”, it appears to be the latest and greatest. Still, it seemed to me an awful lot like projecting a video on a really big surface, which is hardly “new technology.”
Then I took a few minutes and actually watched some video examples. Wow! Absolutely incredible! When done well, projection mapping creates the powerful illusion of a building actually coming to life. Take a look for yourself. Below is a video of an Architectural Projection Mapping production in London:
Architectural Projection Mapping is a fancy term for playing a light show on a building. The designer plans out the show for each buildings architectural features. Think in terms of marketing building renovations!
Evan Grant of Seeper, an Arts and Technology firm based in East London that specializes in projection mapping productions, explains the technology this way, “In simple terms, we take the architectural plans of a building — or if they don’t exist, we create them. Using these plans, we recreate the building as a 3-D model using computer software. Using super-bright projectors and our custom software, we project the model onto the building, aligning it to the architectural details.”
Introducing South Florida’s newest electronic database – FloridaCIE.
ePropertyData has introduced FloridaCIE, a new commercial real estate information exchange specifically for the Miami Dade, Broward and Palm Beach Counties, providing members with access to professional marketing tools, plus organized, analytical data for research and sales. For just $65 monthy, (yep, you got that right…only $65!) members have access to:
TENANT LISTS
CUSTOM MARKET AREAS
POLYGON SEARCHES
AUTOMATIC NOTIFICATIONS
COMPARABLE SALES
MARKETPLACE ANALYTICS
BROADCAST EMAILS
FloridaCIE is “property-centric,” meaning that the database that underlies the CIE system is structured and patterned upon an inventory of all the commercial parcels and buildings in the tri-county market. A property -entric system produces more accurate data! The system allows for historical sale and lease transaction tracking in addition to current data. Sale and lease listing systems cannot compare.
Search commercial real estate for sale and for lease. Search commercial land and multi-family listings. Access listing information for Office, Industrial and Retail product.
Members also have access to tenant information, iPad Mobile App, fastFlyer, National Haves and Wants Database and Investit Lite software – all FREE with their paid subscription!
Come see for yourself! CRE-sources will be co-hosting a demo of FloridaCIE along with Liberty Property Trust on Wednesday, September 14th at Sunset Plaza, located at 13621 NW 12th Street in Sunrise. A light breakfast will be served.
https://sfoba.com/wp-content/uploads/2011/09/fort-lauderdale-skyline-night.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2011-09-08 03:17:182011-09-08 03:17:18New Commercial Information Exchange Launches In South Florida
Talk of the sale of Grubb & Ellis to Colony Capital LLC, a Los Angeles-based hedge fund manager, circled on Friday.
Grubb & Ellis Co. (NYSE:GBE) announced in March that is it had hired San Francisco-based investment banking firm JMP Securities to explore strategic alternatives for the company, including a potential sale or merger, provides the latest sign of changes rippling through the CRE brokerage services market.
Grubb then struck a potentially lifesaving $18 million financing deal in late March with Colony Capital LLC, a Los Angeles-based hedge fund manager.
That deal gave Colony—led by billionaire real estate investor Tom Barrack—a 60-day exclusivity period to consider a larger strategic transaction with Grubb, whose stock has been battered by the commercial real estate downturn as well as an ill-fated combination with Santa Ana-based NNN Realty Advisors in 2007.
The exclusivity period ended in May. As a result, Grubb actively engaged in discussions with additional parties, while continuing discussions with Colony.
Effective September 1, 2011, Ron Sneidman has decided to go out on his own, focusing on Investment Sales as well as Buyer and Tenant Representation as a Sole Proprietor.
Ron began his commercial real estate career in 1982 and has worked for a variety of respected organizations including Marcus & Millichap, Grubb & Ellis, Colliers International, and Citigroup. He spent the last 13 years with Penn-Florida.
Ron has also served as tenant and buyer representative for many national accounts including Citigroup, Primerica, Kemper Insurance, and Dunkin’ Donuts. He has also represented numerous office buildings including South City Plaza, One City Centre, 101 Renaissance Centre, One Ocean Plaza, and Reynolds Plaza.
As of mid-year 2011, the Florida commercial real estate market reveals a marked turning point that began late 2010, according to the Florida Market Perspective Mid-Year 2011, a comprehensive assessment and outlook on commercial real estate throughout the state, released by CB Richard Ellis (CBRE).
“Our outlook for Florida is a slow and steady recovery over the next five years,” says Mary Jo Eaton, Senior Managing Director for CBRE in Florida. “During the remainder of 2011 we anticipate seeing more leasing and sales activity—largely in prime submarkets.”
Key Findings:
Select industries are beginning to re-establish their confidence in the market through expansions and long-term lease commitments.
Multihousing properties are highly targeted by investors in Florida. In core markets, international investors continue to show strong interest in commercial real estate assets.
Distressed assets continue to be a concern, but Florida’s lengthy foreclosure process slows the delivery of distressed assets available for acquisition.
Comparatively, Miami is leading the state in new activity. While lease renewals dominate markets outside the core regions, such as Jacksonville and Southwest Florida, market indicators including rental rates and occupancy are showing signs of stabilization. North and Central Florida markets have yet to experience a surge in activity, but CBRE Florida leadership agree that stabilized market indicators and strengthened fundamentals put Florida in a good position for recovery.
What’s your take? Share your perspective by leaving a comment below.
CBRE’s Florida Market Perspective reports on seven major markets in Florida, covering office, industrial, retail, and multifamily properties. For the complete look at commercial real estate in Florida, go to www.cbre.com/fmp.
September 7th Designated “110 Tower Day”
/in News/by SFOBA STAFF110 Tower, the 30-story, 391,473 square-foot ‘class-A’ office building located in Downtown Fort Lauderdale’s Central Business District, is pleased to announce that Mayor Jack Seiler and the City Commission of Fort Lauderdale have designated September 7, 2011 as “110 Tower Day” in the City of Fort Lauderdale.
The Proclamation, presented by Commissioner Romney Rogers during the City Commission meeting on September 7, was issued in recognition of 110 Tower earning the prestigious LEED Gold certification from the U.S. Green Building Council (USGBC), and comes merely two weeks after 110 Tower also won the GalaVerde award in the LEED for Existing Buildings category presented by USGBC’s South Florida Chapter.
110 Tower is currently the only option for tenants seeking a LEED Gold certified building within a multi-tenant high-rise office tower in Downtown Fort Lauderdale. Less than 300 buildings worldwide have received 110 Tower’s high-level distinction. In addition, 110 Tower achieved an ENERGY STAR® rating from the Environmental Protection Agency (EPA), the only building in the Central Business District to earn this recognition.
David Castilla, president, GenCap Partners, representing the owner of 110 Tower, accepted the proclamation on the team’s behalf, thanking the City of Fort Lauderdale for their unwavering support and reinforcing the team’s commitment to strong sustainability policies in order to afford tenants and surrounding neighbors the long-term benefits their investment provides.
110 Tower is in the midst of a comprehensive $15 million renovation program that includes upgrades to the ground floor lobby, new interior and exterior retail spaces, upgraded upper-floor common areas, restroom and other interior spaces, replacement and improvement of all building primary mechanical systems, and a unique exterior lighting system. Since coming on board as the building’s property management and commercial leasing team in 2009, Transwestern has leased more than 200,000 square feet of office space of which 90,000 are new tenants. 110 Tower’s onsite property management team utilized the expertise of Transwestern Sustainability Services, a LEED consulting firm based in Milwaukee, to achieve their goals for 110 Tower. The team included AECOM, City Construction, Coastal Building Maintenance, ECO and DebonAir Mechanical.
In order to achieve the heightened standards of LEED Gold from USGBC, GenCap Partners and Transwestern incorporated a number of enhanced eco-friendly strategies, resulting in an even greater environmental impact. These features included:
New Trend For 2011: Architectural Projection Mapping
/in Trends/by SFOBA STAFFIf you haven’t heard about it, “projection mapping” is defined by Mashable as “a relatively new technology that animates stationary objects with 3D video.” While researching this “new technology”, it appears to be the latest and greatest. Still, it seemed to me an awful lot like projecting a video on a really big surface, which is hardly “new technology.”
Then I took a few minutes and actually watched some video examples. Wow! Absolutely incredible! When done well, projection mapping creates the powerful illusion of a building actually coming to life. Take a look for yourself. Below is a video of an Architectural Projection Mapping production in London:
Architectural Projection Mapping is a fancy term for playing a light show on a building. The designer plans out the show for each buildings architectural features. Think in terms of marketing building renovations!
Evan Grant of Seeper, an Arts and Technology firm based in East London that specializes in projection mapping productions, explains the technology this way, “In simple terms, we take the architectural plans of a building — or if they don’t exist, we create them. Using these plans, we recreate the building as a 3-D model using computer software. Using super-bright projectors and our custom software, we project the model onto the building, aligning it to the architectural details.”
New Commercial Information Exchange Launches In South Florida
/in News/by SFOBA STAFFIntroducing South Florida’s newest electronic database – FloridaCIE.
ePropertyData has introduced FloridaCIE, a new commercial real estate information exchange specifically for the Miami Dade, Broward and Palm Beach Counties, providing members with access to professional marketing tools, plus organized, analytical data for research and sales. For just $65 monthy, (yep, you got that right…only $65!) members have access to:
FloridaCIE is “property-centric,” meaning that the database that underlies the CIE system is structured and patterned upon an inventory of all the commercial parcels and buildings in the tri-county market. A property -entric system produces more accurate data! The system allows for historical sale and lease transaction tracking in addition to current data. Sale and lease listing systems cannot compare.
Search commercial real estate for sale and for lease. Search commercial land and multi-family listings. Access listing information for Office, Industrial and Retail product.
Members also have access to tenant information, iPad Mobile App, fastFlyer, National Haves and Wants Database and Investit Lite software – all FREE with their paid subscription!
Come see for yourself! CRE-sources will be co-hosting a demo of FloridaCIE along with Liberty Property Trust on Wednesday, September 14th at Sunset Plaza, located at 13621 NW 12th Street in Sunrise. A light breakfast will be served.
All attendees will receive an exclusive 30-day free trial! CLICK HERE TO REGISTER
Grubb & Ellis Sold?
/in Rumors/by SFOBA STAFFTalk of the sale of Grubb & Ellis to Colony Capital LLC, a Los Angeles-based hedge fund manager, circled on Friday.
Grubb & Ellis Co. (NYSE:GBE) announced in March that is it had hired San Francisco-based investment banking firm JMP Securities to explore strategic alternatives for the company, including a potential sale or merger, provides the latest sign of changes rippling through the CRE brokerage services market.
Grubb then struck a potentially lifesaving $18 million financing deal in late March with Colony Capital LLC, a Los Angeles-based hedge fund manager.
That deal gave Colony—led by billionaire real estate investor Tom Barrack—a 60-day exclusivity period to consider a larger strategic transaction with Grubb, whose stock has been battered by the commercial real estate downturn as well as an ill-fated combination with Santa Ana-based NNN Realty Advisors in 2007.
The exclusivity period ended in May. As a result, Grubb actively engaged in discussions with additional parties, while continuing discussions with Colony.
Ron Sneidman Goes Single Shingle
/in News/by SFOBA STAFFEffective September 1, 2011, Ron Sneidman has decided to go out on his own, focusing on Investment Sales as well as Buyer and Tenant Representation as a Sole Proprietor.
Ron began his commercial real estate career in 1982 and has worked for a variety of respected organizations including Marcus & Millichap, Grubb & Ellis, Colliers International, and Citigroup. He spent the last 13 years with Penn-Florida.
Ron has also served as tenant and buyer representative for many national accounts including Citigroup, Primerica, Kemper Insurance, and Dunkin’ Donuts. He has also represented numerous office buildings including South City Plaza, One City Centre, 101 Renaissance Centre, One Ocean Plaza, and Reynolds Plaza.
You can reach Ron at rsneidman@gmail.com or at 954.240.8575.
Florida CRE Market Heading Toward Recovery?
/in News, Trends/by SFOBA STAFFAs of mid-year 2011, the Florida commercial real estate market reveals a marked turning point that began late 2010, according to the Florida Market Perspective Mid-Year 2011, a comprehensive assessment and outlook on commercial real estate throughout the state, released by CB Richard Ellis (CBRE).
“Our outlook for Florida is a slow and steady recovery over the next five years,” says Mary Jo Eaton, Senior Managing Director for CBRE in Florida. “During the remainder of 2011 we anticipate seeing more leasing and sales activity—largely in prime submarkets.”
Key Findings:
Comparatively, Miami is leading the state in new activity. While lease renewals dominate markets outside the core regions, such as Jacksonville and Southwest Florida, market indicators including rental rates and occupancy are showing signs of stabilization. North and Central Florida markets have yet to experience a surge in activity, but CBRE Florida leadership agree that stabilized market indicators and strengthened fundamentals put Florida in a good position for recovery.
What’s your take? Share your perspective by leaving a comment below.
CBRE’s Florida Market Perspective reports on seven major markets in Florida, covering office, industrial, retail, and multifamily properties. For the complete look at commercial real estate in Florida, go to www.cbre.com/fmp.