‘DOGE federal property purge may create redevelopment plays in South Florida’ A few government-owned sites are prime for new projects, but cutting nearly 100 leases is much trickier, experts say By Lidia Dinkova and Francisco Alvarado Research by Matthew Elo and Adam Farence March 6, 2025 Elon Musk’s purge of nationwide federal properties owned and leased by the U.S. government is causing ripples in South Florida’s commercial real estate market. Already,…
Prolific Lee & Associates South Florida Duo Brokers New Investment Sales Transaction in Fort Lauderdale
FORT LAUDERDALE, FL (February 24, 2025) – Lee & Associates South Florida Principal Greg Milopoulos and Senior Vice President Christian Baena continue their impressive run of dealmaking with a new off-market investment sales transaction in Fort Lauderdale. The duo represented the buyer and seller in a $7.595 million industrial deal that closed on Feb. 11. Bridge Logistics Properties acquired the 1320 NW 65th Place property from Blue Floor LLC. The 1.74-acre property is home to…
Lee & Associates South Florida Obtains Premier Miami Development Assemblage Investment Sales Listing
MIAMI, FL (February 21, 2025) – Lee & Associates South Florida Principal Michael Hinton, CCIM, secured the exclusive investment sales listing for a high-density development assemblage located on Miami’s Biscayne Boulevard. The six-parcel site is being marketed with a $32 million asking price. The 36,998-square-foot assemblage at 3350 Biscayne Blvd. has existing zoning approvals for a 172-unit high-rise development. Its seller is in the process of applying for a significant density increase under the Live…
Office Industry Experts See Mixed Uses as Key in City’s Core
‘Office industry experts see mixed uses as key in city’s core’ By Abrahan Galvan – Miami Today February 20th, 2025 Focusing on mixed-use projects that combine office space with residential, hotel, and other components is the trend to secure financing in the Brickell area, according to local office space developers. The key considerations for developers when deciding between mixed-use and office-only projects in the current market are that mixed-use projects that include residential components do…
Lee & Associates South Florida Closes Sale of Mixed-Use Coral Way Property in Miami
MIAMI, FL (February 12, 2025) – Lee & Associates South Florida Principal Todd Cohen successfully represented the seller, H Atreides LLC, in the $1.85 million sale of a prime mixed-use office and multifamily property at 2464 Coral Way, Miami, FL 33145 to buyer 2464 Coral Way LLC. Despite prevailing market challenges, this sale represents nearly $470 per square foot exceeding market trends and expectations. Cohen effectively positioned the property to attract the most strategic buyer,…
Lee & Associates South Florida Closes Industrial Property Sale in Miami’s Cutler Bay Submarket
MIAMI, FL (February 4, 2025) – Lee & Associates South Florida announces the successful sale of a 5,000-square-foot industrial warehouse in Miami’s Cutler Bay submarket. The transaction was brokered by firm President Matthew Rotolante, SIOR, CCIM, and Senior Vice President Conner Milford, who represented both the seller, Staninec & Epic Stoneworks, and buyer, RBF Components, Inc. in the deal. Situated on a 25,337-square-foot industrial outdoor storage (IOS) yard at 10605 SW 186th St., this butler-style…
Lee & Associates South Florida Q4 Market Report: Local Retail, Office Sectors Maintain Strength
Lee & Associates South Florida Q4 Report: Local Retail, Office Sectors Maintain Strength Region’s multifamily and industrial sectors continue softening trend in fourth quarter of 2024 MIAMI, FL (January 27, 2025) – South Florida’s retail and office markets kept shining – especially in comparison to the rest of the nation – during the fourth quarter of 2024. On the flip side, the region’s multifamily and industrial sectors continued a softening trend from the…
Prolific Lee & Associates South Florida Duo Closes New Investment Sales Transactions in Florida and New Jersey
POMPANO BEACH, FL and EGG HARBOR TOWNSHIP, NJ (January 2, 2025) – Lee & Associates South Florida Principal Greg Milopoulos and Senior Vice President Christian Baena helped two existing clients close commercial real estate sale transactions in South Florida and New Jersey. The New Jersey deal underscores both the duo’s strong relationships and the unmatched cross-market opportunities created by Lee & Associates’ national network. In Pompano Beach, Florida, Milopoulos and Baena brokered another transaction on…
Tight Coconut Grove office market keeps rents rising
‘Tighter Beach Office Market Seeing Record-Breaking Rates’ By Janetssy Lugo – Miami Today December 30th, 2024 Office space in Coconut Grove remains in high demand as low vacancy rates reflect the limited amount of space available. Bert Checa, a principal at Lee and Associates South Florida, says the vacancy rate in Coconut Grove is 2.75% and the average rental rate for Class A and Class B office spaces combined is $70 per square foot. Impacting…