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Debra Kremblas Movin’ On Up… North

September 18, 2014/in News/by SFOBA STAFF

Effective Friday, September 26th, Debra Kremblas, Executive Vice President with Procacci Development Corporation, will be relocating back to her home town of Buffalo, New York. CLICK ON THE HEADLINE FOR MORE

Professional Center At Riviera Point Drawing Small-Space Users

September 16, 2014/in News/by SFOBA STAFF

The newly completed, four-story building offers a total of 46 suites of 850 to 1600 square feet. CLICK ON THE HEADLINE FOR MORE

Debra Kremblas Movin’ On Up… North

September 18, 2014/in News/by SFOBA STAFF

Professional Center At Riviera Point Drawing Small-Space Users

September 16, 2014/in News/by SFOBA STAFF

The newly completed, four-story building offers a total of 46 suites of 850 to 1600 square feet. CLICK ON THE HEADLINE FOR MORE

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Debra Kremblas Movin’ On Up… North

September 18, 2014/in News/by SFOBA STAFF

Effective Friday, September 26th, Debra Kremblas, Executive Vice President with Procacci Development Corporation, will be relocating back to her home town of Buffalo, New York.

Debra will continue her Commercial Real Estate career as Director of Leasing for a regional commercial development firm, Iskalo Development Corporation in Williamsville, NY. Iskalo currently has a portfolio of approximately 1.1 million square feet and are looking to grow it.

At Procacci, Debra was responsible for the marketing, leasing and asset management of the Company’s office, industrial and retail portfolio consisting of more than 1.8 million square feet, including its largest Class A office campus, Crossroads at Dolphin Commerce Center in Miami.

With more than twenty-eight years of commercial real estate experience, Kremblas previously handled leasing and marketing for eleven office properties of more than 810,000 square feet in South Florida at Parthenon Realty, LLC and was an Asset Manager for Crocker Realty Trust. In Pittsburgh, Pennsylvania, she worked with Heitman Properties Ltd. for twelve years as the Asset Manager for Foster Plaza, a 987,000 square foot, ten-building suburban office complex.

Quite active in industry and civic organizations, Kremblas served as the 2009 and 2011 President and as Director of CREW Fort Lauderdale/Palm Beach. She also served as 2010 and 2011 Programs Chair, and is currently a Member of the Executive Committee and Board of Directors of NAIOP‘s South Florida Chapter, Board Member of the Beacon Tradeport Industrial Park Association, the Board of Directors for the American Red Cross of South Florida and is a current member of a variety of organizations including:

South Florida Office Brokers Association-Fort Lauderdale and Miami Chapters
The Greater Miami Chamber of Commerce
Business Development Board of Palm Beach County
The Beacon Council
U.S. Green Building Council
Building Owners and Managers Association (BOMA)
International Council of Shopping Centers
and CoreNet Global

Debra was recognized for outstanding industry achievement and production, as one of Real Estate Florida’s 2008 Women of Influence.

As a women and children’s advocate, Kremblas was also actively involved with the Make-A-Wish Foundation, The American Cancer Society, the American Lung Association, Taylor’s Closet, Paps Corps, Coast-to-Coast Legal Aid of South Florida, Jack & Jill and Aid to Victims of Domestic Abuse.

Debra will certainly leave a void here in the South Florida market. Please take a moment to join us in wishing Debra the best of luck in her new position. Until next Friday, you’ll be able to contact Debra by email at dkremblas@procacci.us.

Professional Center At Riviera Point Drawing Small-Space Users

September 16, 2014/in News/by SFOBA STAFF

Riviera Point Development Group has completed the first multi-tenant office building in Broward County fully funded by job-creating international EB-5 investment.

At the recent opening ceremony for the Professional Center at Riviera Point’s first 32,000-square-foot lakefront building, Rivera Point Development Group CEO Rodrigo Azpurua, CCIM, said that designing the space to meet small-space users’ needs has already drawn a diverse tenant roster. Built “green oriented” to achieve Leadership in Energy and Environmental Design standards from the U.S. Green Building Council, the four-story structure has leasing commitments from more than 20 professional and entrepreneurial firms, he said.

Broward County Mayor Barbara Sharief helped with ribbon-cutting honors at the opening event.

“While many have talked about the potential for EB-5 foreign investment to create commercial spaces that attract new jobs in our communities, the Riviera Point team’s expertise and determination made that vision a reality,” she noted. “We applaud their progress and the fresh momentum this center’s tenants will add to the local economy.”

“Bringing the Miramar market its first new Class A office development since 2009 has proved a powerful draw,” Azpurua said, noting that a total of $17 million in EB-5 funding is in place for the two-building Professional Center at Riviera Point office complex.

The newly completed, four-story building offers a total of 46 suites of 850 to 1600 square feet.

“Start-ups and growing firms in insurance, accounting law, marketing and advertising are responding to the upscale work environment, easy access to area expressways — and to having their choice of suites sized to their needs,” said Noel Epelboim, Riviera Point Development Group COO.

To successfully bring the area’s first EB-5 funded office building to market just as the economy is on the upswing, Azpurua’s team had to purchase and develop the four-acre property in the heart of the recession. They have delivered the building on budget and on schedule, working with Corrales Group Architects and general contractor Itasca Construction Associates.

Under the U.S. Citizenship and Immigration Services (USCIS) program, the EB-5 program allows a foreign national interested in obtaining permanent U.S. residency to do so by investing in a commercial enterprise that generates at least 10 jobs for U.S. workers for two years. The EB-5 Visa then becomes permanent. The qualifying investment for a project such as Riviera Point’s Miramar office center, located within a Targeted Employment Area (TEA), is $500,000.

Riviera Point Development Group has purchased properties for additional planned EB-5-funded developments within Targeted Employment Areas in Miramar and Doral, Azpurua said. A prominent EB-5 expert, he is a frequent presenter at EB-5 conferences in the U.S. and abroad. His development background includes over 1 million square feet of office space in Florida projects, and he authored a book, EB-5 Visas & Real Estate Development, to guide developers through the complex EB-5 process. Epelboim’s development track record is also well established. He was a founding member of Constructora Arquinpro C.A. (Caracas, Venezuela) with 50 completed projects to his credit in Venezuela, including over 2 million square feet of high-end condominiums, plus commercial and office buildings. His South Florida portfolio includes a 65,000-square-foot commercial center in Parkland, a 40-unit condominium in Hallandale and a 25-unit condominium in Bay Harbor Islands, among others.

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Debra Kremblas Movin’ On Up… North

Professional Center At Riviera Point Drawing Small-Space Users

Debra Kremblas Movin’ On Up… North

Professional Center At Riviera Point Drawing Small-Space Users

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Debra Kremblas Movin’ On Up… North

Professional Center At Riviera Point Drawing Small-Space Users

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