03 Jan 2013
Aventura Tower Sold
Ten-Story building Concorde Centre II has been sold for an unspecified amount and is being renamed Aventura View.
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Steelbridge Capital
02 Jan 2013
Steelbridge Capital, Apollo Global RE Acquires Concorde Centre II
Investor Sells 106,000-SF Office Tower
27 Dec 2012
Concorde Centre office building purchased in Aventura
A joint venture has acquired the Concorde Centre II office building in Aventura for an undisclosed amount.
Steelbridge Capital, Apollo Global JV Buys Miami Office Tower
In a JV, Steelbridge Capital and a real estate investment fund managed and advised by affiliates of Apollo Global Real Estate Management have acquired Concorde Centre II, the largest office purchase in Aventura, Fla. this year.
JV Snaps Up Rare Aventura Office Deal
MIAMI-Concorde Centre II, a 10-story, 106,500-square foot office building in Aventura, has traded.
26 Dec 2012
Steelbridge, Apollo score big office buy in Aventura
A Steelbridge Capital joint venture has purchased the 106,500-square-foot Concorde Centre II office building in Aventura.
Aventura Office Building Trades
Steelbridge Capital, a value focused real estate investor based in Miami, and a real estate investment fund managed and advised by affiliates of Apollo Global Real Estate Management, L.P., today announced the joint venture, off-market acquisition of Concorde Centre II, a ten-story, 106,500 square foot office building in Aventura.
15 Jun 2010
Downtown Miami building sells for $31.52 million
In South Florida’s most expensive office sale of 2010, a downtown Miami building that houses the Adrienne Arsht Center for the Performing Arts Foundation and trust has been sold for $31.52 million.
11 Jun 2010
Shops at Sunset Place in search of a new lender
Shops at Sunset Place in South Miami appears to have everything going for it: It’s 90 percent leased, it easily covers the debt service on its $76.6 million mortgage and its last appraisal valued it significantly above its loan.
10 Jun 2010
Great divide separates would-be office tower buyers, sellers
Weak fundamentals and a gap between buyer and seller expectations are among the factors that are likely to keep Miami’s office towers off the market for the foreseeable future.
23 May 2010
Sleepy Biscayne Corridor office market struggles to find niche
The Biscayne Corridor, never a thriving office market, continues to struggle to find its niche.
06 May 2010
Second State Department lease gets Omni to 50% occupied
With a new 27,000 square-foot lease in hand, the Omni Offices is more than half full.
03 May 2010
Indoor ski slope envisioned on defunct Biscayne Landing site
North Miami’s defunct Biscayne Landing commercial project could be reborn soon as a winter-themed recreation center inside a manmade mountain and a tennis facility.
09 Apr 2010
Las Olas City Centre in mezzanine auction
Wells Fargo Bank is auctioning off the mezzanine loan of the entity that owns the Landmark Las Olas Centre office complex in downtown Fort Lauderdale.
26 Mar 2010
Nonperforming notes sell for $124M at online commercial loan auction
More special services will bring loans to auction after Jones Lang LaSalle and Real Estate Disposition Corp. recently sold 35 small-balance commercial loans that way.
19 Mar 2010
LNR plans $1 billion CMBS offering
LNR Property Corp. plans to offer $1 billion in small-balance commercial mortgage-based securities (CMBS) loans, and Miami-based commercial investment house Steelbridge Capital is among the interested buyers.
15 Mar 2010
Office built for FAA sells for $24 million
A Miramar office building that houses a division of the Federal Aviation Administration has been sold for more than $24 million.
25 Feb 2010
Capital to return to commercial by year’s end
The notion of costly deleveraging and growing numbers of distressed properties make for a grim outlook for access to capital for South Florida commercial deals in 2010.
23 Feb 2010
One Park Doral sits nearly empty
The bleak outlook for Miami’s commercial real estate market is not confined to the downtown core. Even in the formerly robust Airport West submarket, marquee projects like One Park Doral are flagging.
11 Feb 2010
Miami may sell land to deal with budget crisis
Facing a $45 million budget shortfall, the city of Miami is considering selling off real estate in a market that heavily favors bargain-hunting buyers.
15 Jan 2010
CMBS loan defaults spike in the 4th quarter
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.
12 Jan 2010
Experts agree Herald land deal a long shot
A developer and a media giant are caught in a waiting game. Who’ll be declared a winner-if there is to be one-will depend on how quickly the real estate market rebounds.
04 Jan 2010
HOPEFUL BUYERS WAIT WITH FISTFULS OF CASH
Casting aside an unexpected wave of initial public offerings and new real estate funds, watch pension fund advisors U.S. Realty Advisors, Urdang & Associates Real Estate Advisors, United Trust Fund and Sentinel Real Estate Corp. to jump into acquisitions mode.
18 Dec 2009
Flagler gets $460M CMBS mortgage
If real estate watchers think Flagler’s recent $460 million deal signals an immediate resurrection of the commercial mortgage-backed securities (CMBS) market, they will likely be disappointed, experts say.
14 Dec 2009
Spanish entrepreneur buys Coral Gables building
Shortly after Bacardi U.S.A. moved its headquarters into a Coral Gables office tower, one of the world’s richest men picked up the building for more than $120 million.
30 Nov 2009
STEELBRIDGE PLANS HALF BILLION DOLLAR FUND
Steelbridge Capital is planning a $250-500 million opportunity separate account venture to target acquisitions in Florida.
24 Nov 2009
THE CHANGING LOAN LANDSCAPE
Did you ever play kick the can when you were a kid? If you didn’t, don’t worry; real estate bankers and commercial real estate owners have a chance to play it again.
26 Oct 2009
Smaller funds see opening as big players exit, prices drop
When Gustaf Arnoldsson began courting potential investors to form a real estate investment fund , he felt like a high school student worried about arriving late to the dance.
03 Sep 2009
Lack of market “normalcy” makes valuation of space difficult
With very few sales of any class commercial real estate consummated this year, brokers say it’s tough to get a fix on current values.
26 Aug 2009
Private Investors Ready to Go
MIAMI-South Florida commercial real estate investors are tired of sitting around waiting for sellers and bankers to get in gear.
25 Aug 2009
Private investors ready to buy bargain properties
South Florida commercial real estate investors are tires of sitting around waiting for sellers and buyers to get in gear.
24 Aug 2009
Lender files action against Las Olas Centre
The commercial lending crisis has caught up with Las Olas Centre, one of downtown Fort Lauderdale’s marquis office properties-which set a record at the height of the real estate boom as the priciest in South Florida.
23 Jul 2009
Positive signs spring up, but market not yet in recovery
Office brokers experienced in the South Florida scene say there are some signs the market is nearing the bottom, but that should not be confused with recovery.
12 Apr 2007
New York buyer pays near record price for Courvoisier Centre
New York-based Tishman Speyer bought the Courvoisier Centre office complex on Miami’s Brickell Key for about $130 million in its first Florida investment, sources said on condition of anonymity.