Located at the crossroads of the Central Business District and the mile-long stretch of commerce along Las Olas Boulevard, SunTrust Center is a rare asset to come to market.
Steelbridge Capital, a value focused real estate investor, completed the acquisition of SunTrust Center, an institutional quality two-building Class A office complex spanning 270,000 square feet at 501 and 515 East Las Olas Boulevard in Ft. Lauderdale, for $90 million.
The Aventura View office building sold for $38 million, an 85 percent gain over its price from three years ago.
NAPLES, FLA – Steelbridge Capital has acquired Pelican Bay Executive Center, a three-building, 190,000-square-foot office complex in Naples.
ORLANDO-In its second acquisition in less than a week, Steelbridge Capital has acquired 20 North Avenue, a 16-story, 267,262-square-foot class B office building in the heart of Orlando’s Central Business District (CBD).
Swire Properties won the heated bidding for the 700 Brickell site in Miami for $65 million, according to sources who asked not to be named.
Defaults of South Florida properties covered by commercial mortgage-backed securities (CMBS) accelerated in the fourth quarter as aggressive loans made during the boom years went sour.
DeVry University and Royal Caribbean Cruises have a new landlord after a New Jersey investor paid $43 million for two buildings in Miramar.
While the residential real estate market suffered in 2006, commercial property surged in comparison.
The only office complex on Miami’s Brickell Key has been put up for sale for the first time.