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The investment bank announced a new West Palm Beach office, calling the city a major nexus for finance. The press release does not give the building or square footage.
Downtown · Source: Houlihan Lokey via Business Wire (Nasdaq)
Thor Equities bought 5355 Town Center Road, 153,213 SF of office about 90% leased plus a garage, from CP Group. The Real Deal also reported the price as $63M.
Town Center / Glades Rd · Source: CRE-sources · Verified: Palm Beach County Property Appraiser · PCN 06424723400000010 · OR 36807/00670
The commission adopted a notice of intent 5-0 on Aug. 18 to convey the city-owned 400 NW 7th Ave. site to the CRA. A public hearing is set for Oct. 6; the resolution does not specify a housing use.
Northwest / Sistrunk · Source: Hawkins Commercial Realty · Verified: City of Fort Lauderdale (Legistar/Granicus)
Mana acquired the 31-story, roughly 440,000 SF One Downtown tower at 1 SE Third Ave from PCCP and CP Group, about $244/SF.
Downtown / Flagler District · Source: Hoodline · Verified: Miami-Dade County Property Appraiser · folio 0101120003001 · OR Book 35197 Page 4867
Ares, Monarch and HPS lent $772M, called the largest construction loan recorded in Florida, for two office towers totaling 960,000 SF. ServiceNow and Cleveland Clinic are anchor tenants, with delivery expected in 2027.
Downtown / CityPlace-Okeechobee · Source: Bisnow · Verified: Related Ross (borrower)
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