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.
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2025-02-23 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.
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2025-02-16 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.
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2025-02-05 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.
Accesso, a fully integrated investment manager and operator of multi-tenant office, mixed-use and multifamily assets, announced that it has acquired Sawgrass Lake Center, a Class A, 240,000-square-foot office property located at 13450 W. Sunrise Blvd. in Sunrise.
Sawgrass Lake Center sits in the heart of the Sawgrass Park submarket in Broward County and offers strong connectivity to municipalities throughout South Florida, including Fort Lauderdale and Miami.
“As more companies determine their long-term space needs and the recovery of the office sector continues to take shape, we’ve found opportunities to invest in strategically located assets with high-quality amenities and growth potential,” said John Rivard, Chief Investment Officer for Accesso. “Sawgrass Lake Center is a prime example. It is the dominant office property in a submarket with a fundamentally strong business climate, and offers direct proximity to a variety of retail and restaurant offerings and accessibility to main thoroughfares. We expect to continue to capitalize on the general uncertainly in the office market by opportunistically acquiring assets that meet our investment criteria while applying our proven operating platform skills to add value for tenants and partners alike.”
Sawgrass Lake Center is among the tallest office buildings in Sunrise and is the only property in the submarket with garage parking, adjacent hospitality and walkable retail, including a Hilton DoubleTree hotel and Sawgrass Mills Center, the 2.3 million-square-foot, internationally renowned shopping and dining destination located directly across Sunrise Boulevard. The property resides in one of the most accessible locations in South Florida, sitting near the intersection of the Sawgrass Expressway and Interstates 595 and 75.
The property features a market-leading parking ratio of 5.4 per 1,000 square feet through its five-story structured parking garage and adjacent surface lot. On-site amenities include a grab-and-go café, fitness center, yoga studio, tenant lounge and conference center and outdoor seating area, as well as 50-plus dining options within a 10-minute walk. Sawgrass Lake Center has seen 136,000 square feet of leasing activity over the past two years. Select tenants include AT&T Inc., GoVine Insurance, Watches of Switzerland and StevenDouglas.
An abundance of prominent developments representing the ongoing densification and urbanization of Sunrise are located within a one-mile radius of the property, including: Radius Sunrise, a 32-acre mixed-use development; Metropica, a 65-acre site featuring an existing 263-unit condo building and proposed additional residential units, hotel rooms and retail; Sunrise 18, an 18-acre development surrounding the American Express Regional Headquarters, with proposed residential units and retail space; and the Amerant Bank Campus, a 140-acre planned project with proposed residential units, hotel rooms, a casino, an indoor water park and retail venues surrounding the Amerant Bank Arena, which is the home of the 2023-24 Stanley Cup Champion Florida Panthers of the National Hockey League (NHL).
Representing the seller in the transaction were Christian Lee, Sean Kelly, Tom Rappa and Matthew Lee of CBRE.
Christian Lee, Vice Chairman with CBRE, said, “The Sunrise office submarket has historically been highly attractive to tenants looking to pull potential employees from South Florida’s entire population base. The key to this is the tremendous access resulting from the intersection of I-75, I-595 and the Sawgrass Expressway, which provides favorable commute times to nearly all of our workforce. While there is some softness today, we are confident that a bright future is in the cards for this property and this submarket.”
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2025-01-19 14:53:072025-01-19 14:53:07Accesso Completes Acquisition Of South Florida Class A Office Asset
New Office Building Planned In Hollywood
/in News/by adminA 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 adminOn 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 adminBoca 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 adminCBRE 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 adminBlanca 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.
Accesso Completes Acquisition Of South Florida Class A Office Asset
/in Done Deals, News/by adminAccesso, a fully integrated investment manager and operator of multi-tenant office, mixed-use and multifamily assets, announced that it has acquired Sawgrass Lake Center, a Class A, 240,000-square-foot office property located at 13450 W. Sunrise Blvd. in Sunrise.
Sawgrass Lake Center sits in the heart of the Sawgrass Park submarket in Broward County and offers strong connectivity to municipalities throughout South Florida, including Fort Lauderdale and Miami.
Sawgrass Lake Center is among the tallest office buildings in Sunrise and is the only property in the submarket with garage parking, adjacent hospitality and walkable retail, including a Hilton DoubleTree hotel and Sawgrass Mills Center, the 2.3 million-square-foot, internationally renowned shopping and dining destination located directly across Sunrise Boulevard. The property resides in one of the most accessible locations in South Florida, sitting near the intersection of the Sawgrass Expressway and Interstates 595 and 75.
The property features a market-leading parking ratio of 5.4 per 1,000 square feet through its five-story structured parking garage and adjacent surface lot. On-site amenities include a grab-and-go café, fitness center, yoga studio, tenant lounge and conference center and outdoor seating area, as well as 50-plus dining options within a 10-minute walk. Sawgrass Lake Center has seen 136,000 square feet of leasing activity over the past two years. Select tenants include AT&T Inc., GoVine Insurance, Watches of Switzerland and StevenDouglas.
An abundance of prominent developments representing the ongoing densification and urbanization of Sunrise are located within a one-mile radius of the property, including: Radius Sunrise, a 32-acre mixed-use development; Metropica, a 65-acre site featuring an existing 263-unit condo building and proposed additional residential units, hotel rooms and retail; Sunrise 18, an 18-acre development surrounding the American Express Regional Headquarters, with proposed residential units and retail space; and the Amerant Bank Campus, a 140-acre planned project with proposed residential units, hotel rooms, a casino, an indoor water park and retail venues surrounding the Amerant Bank Arena, which is the home of the 2023-24 Stanley Cup Champion Florida Panthers of the National Hockey League (NHL).
Representing the seller in the transaction were Christian Lee, Sean Kelly, Tom Rappa and Matthew Lee of CBRE.