Tag Archive for: sunrise

… and the Horse You Rode in on

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Smart idea by the guys at Berger Commercial Realty to have the editor of the SFOBA blog as one of the finalists in their Triple Crown challenge.

Actually it just worked out that way as my prognostication skills and horse sense allowed me to pick the favorite, American Pharaoh, to win both the Kentucky Derby and Preakness stakes.

It is all part of the second annual Triple Crown challenge presented by Berger on behalf of the Atrium West office building. In addition to the cash drawing at the April 23 event  won by  Clint Casey, Elias Porras and Steve Einhorn (pictured below),  brokers who attended the event at Atrium West were eligible for a contest to pick the winners of the Triple Crown races. A $1,000 prize pool is still up for grabs. The contest also serves to keep the building fresh in the minds of the brokerage community for the duration of the Triple Crown season.

I’m one of six brokers who picked the winner of the first 2 races. Can American Pharaoh be the first Triple Crown winner since 1978?

And will any of the six remaining contestants have the guts to pick against him? We’ll know this Saturday June 6. Stay tuned for the answer.

And don’t miss our next SFOBA meeting Thursday June 11 at One Town Center in Boca.

Casey, Porras, Einhorn

 

Cornerstone Buys Sunrise Office Building For $32M

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The Lake Shore Plaza II office building in Sunrise has traded for $32 million.

A company managed by Fort Lauderdale-based Stiles sold the 1300 Concord Terrace building to TR Lake Shore Plaza on Dec. 17, according to Broward County records. The county recorded the transaction on Thursday.

TR Lake Shore is managed by Connecticut firm Cornerstone Real Estate Advisers, which has had a busy month.

Cornerstone partnered with Boca Raton-based Crocker Partners on the $71 million acquisition of downtown West Palm Beach office building Esperante Corporate Center. That purchase closed on Nov. 26.

No financing was recorded for the Lake Shore purchase.

The 128,000-square-foot building was completed in 2008 on nearly nine acres. Tenants include Global Medical Management and Travel Insurance Center.

Another Stiles-managed company sold the Gateway at Sawgrass retail center in Sunrise for $16 million earlier this month.

 

Source:  The Real Deal