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South Florida Retail Market Picks Up in Q2 therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Javascript is disabled in your web browser. For full functionality of this site it is necessary to enable JavaScript. Please Allow Javascript and reload this page. Banyan Street Capital buys Weston office complex for $52M Seller renovated property after buying it in 2015 for $25M Miami / Share via Shortlink 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. ....
21046 Commercial Trail, Boca Raton (Google Maps, iStock) Even with a newly inked 62,000-square-foot bowling alley lease, South Florida’s retail market saw mostly gutter balls in the fourth quarter. Across the tri-county area, vacancy rates rose and square footage returned to the market, according to a newly released report from Colliers International. And yet in some parts of the region, average asking rents rose, and landlords landed some large leases and buyers. With relatively limited construction in the works, retailers may take advantage of market weakness and growing population centers, giving retail some long-term health, according to the report. Here’s a breakdown: ....