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Banyan Street Capital Buys Weston Office Complex for $52M


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Banyan Street Capital buys Weston office complex for $52M
Seller renovated property after buying it in 2015 for $25M
Miami /
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Banyan Street Capital CEO Rudy Prio Touzet and KBS CEO Charles Schreiber Jr. with Weston Corporate Center (KBS)
UPDATED: MAY 12, 9 a.m.: Banyan Street Capital bought the renovated Weston Corporate Center for $52.25 million.
Office investor Banyan Street Capital in a joint venture with Independencia Asset Management, both based in Miami, bought the two-building complex at 2500 Weston Road and 2700 South Commerce Parkway from Newport Beach, California-based KBS, according to a news release. ....

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Top 5 Office Transactions in Florida


Top 5 Office Transactions in Florida
Top 5 Office Transactions in Florida
Office deals in the first quarter of 2021 amounted to $985 million, accounting for 67 percent of the state’s total transaction volume, based on CommercialEdge data.
May032021
Following the pandemic’s impact, Florida’s office sector is seeing a surge in office investment. In the first quarter, sales activity was concentrated in South Florida, where companies recognized the distinct opportunities arising from the shifting commercial real estate landscape.
According to data provided by CommercialEdge, office investment sales in the first quarter of the year amounted to $985 million and totaled some 4.3 million square feet. This translates into a 24 percent increase from the $794 million recorded in the first quarter of 2020. ....

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Vision Properties pays Steelbridge $44M for Fort Lauderdale offices


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