Equity Office Sells Park Place for $22M
Steelbridge, Apollo JV Acquires 169,000 SF in Clearwater
Steelbridge, Apollo JV Acquires 169,000 SF in Clearwater
An affiliate of Steelbridge Capital has acquired Park Place Office & Promenade, one of the most well-known office parks in Pinellas County.
The Biscayne Corridor, never a thriving office market, continues to struggle to find its niche.
Indiana developer Mark Siffin’s plan to move ahead with the $230 million purchase of 10 acres near the Miami Herald headquarters sounds like a project from 2006-when downtown Miami land sold at top dollar and banks handed out loans like promotional pens.
With a new 27,000 square-foot lease in hand, the Omni Offices is more than half full.
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.