Multifamily

Cushman & Wakefield Marketing 78 Homestead Condominiums

Executive Managing Director Calum Weaver Will Represent BC Caribbean LLC in the Disposition of 78 Units at Caribbean Isle Villas HOMESTEAD, FLORIDA — Cushman & Wakefield announced today that it has been named exclusive marketing advisor for 78 condominium units at Caribbean Isle Villas in Homestead, FL. Executive Managing Director Calum Weaver was selected by Miami-based investor BC Caribbean LLC to manage the disposition process. Weaver is marketing 78 of the 252 total units in the condominium community. Caribbean Isle Villas was built in 2007 and remains extremely well-maintained with a fully funded and ably managed homeowners’ association. The property features one of South Florida’s largest lagoon-style pools. The available units comprise 52 two-bedroom/two-bathroom units, averaging 1,048 square feet, and 26 three bedroom/two-bathroom units, averaging almost 1,200 square feet. The for-sale units total 85,575 square feet, averaging a spacious 1,100 square feet per unit, and are 100 percent occupied. Caribbean Isle [...]

2018-04-23T18:43:32+00:00 October 6th, 2016|Capital Markets, In the News, Multifamily, Press Release|

Luxury Boutique Apartment Rental Comes to Market in Heart of South Beach

Executive Managing Director Calum Weaver will Market the Fully Renovated 17-Unit Art Deco Multifamily Community for Miami-Based Investor MIAMI, FLORIDA — Cushman & Wakefield announced today that it has been named exclusive listing agent for Alexandria SOBE, a 17-unit luxury multifamily community in the heart of South Beach. Executive Managing Director Calum Weaver has been selected to market the upscale asset for Miami-based investor Euclide MB Investments Corp. The list price for Alexandria SOBE is $9.75 million ($500 per square foot). Alexandria SOBE is a three-story boutique apartment community housed in an historic Art Deco building originally constructed in 1937. Ownership has invested $5 million in renovations at the property, repositioning the asset as AAA product in one the world’s most desirable markets. Alexandria SOBE features five unit types, ranging from studios to three-bedroom suites. Apartments feature elegant finishes such as high-quality floor coverings with polished natural stone inserts, Murano and [...]

2018-04-23T18:43:32+00:00 October 4th, 2016|Capital Markets, In the News, Multifamily, Press Release|

Cushman & Wakefield Lists 136-Unit Broward County Single-Family Portfolio

Executive Managing Director Calum Weaver Brings the Second-Largest Single-Family Housing Portfolio in Broward County History to Market FORT LAUDERDALE, FLORIDA — Cushman & Wakefield announced today that it has been named exclusive marketing advisor for a 136-unit single-family housing portfolio in Broward County, Florida. Executive Managing Director Calum Weaver manage the disposition process for a group of private investors. The list price for the portfolio is $26 million. The portfolio comprises 194,245 square feet of single-family housing (1,428 square feet per home) located throughout Broward County. The homes are currently 98 percent occupied. The portfolio produces nearly $2.7 million in annual gross income with rents averaging approximately $1,639 per month ($1.15 per square foot). Ownership has invested $5.8 million ($43,000 per home) in capital improvements throughout the portfolio to date. Management of the portfolio can either be assumed or offered free and clear. “Acquiring an income-producing, single-family housing portfolio is [...]

2018-04-23T18:43:32+00:00 September 30th, 2016|Capital Markets, In the News, Multifamily, Press Release|

Cushman & Wakefield Brings Valencia at Doral to Market

Executive Managing Director Calum Weaver is Listing 170 of the 310 Units at the Luxury Doral Condominium Community DORAL, FLORIDA — Cushman & Wakefield announced today that it has been named exclusive marketing advisor for Valencia at Doral, a 170-unit bulk condominium offering in Doral, FL. Executive Managing Director Calum Weaver was selected by Aventura, FL-based investor TIF Valencia LLC to manage the disposition process. Weaver is co-marketing the asset with Colliers International Executive Vice President Gerard Yetming. Valencia at Doral is a 15-building, three-story luxury condominium community developed in 1992 on an 11.8-acre site at 10000 Northwest 45th Terrace. The offering provides investors with the opportunity to acquire 170 of the 310 units at Valencia at Doral as well as the community clubhouse. The for-sale units total 186,592 square feet and are currently 97.1 percent leased. Valencia at Doral offers five distinct floor plans with an average unit size [...]

2018-04-23T18:43:32+00:00 September 28th, 2016|Capital Markets, In the News, Multifamily, Press Release|

Troy Ballard Joins Cushman & Wakefield’s Rapidly-Expanding South Florida Multifamily Group

Senior Managing Director Troy Ballard Will Team with Vice Chairman Robert Given's Institutional Multifamily Investment Sales Group, Which Recently Joined Cushman & Wakefield from CBRE. BOCA RATON, FLORIDA – Cushman & Wakefield announced today that Troy Ballard has joined the firm’s South Florida Multifamily Capital Investments team as Senior Managing Director. Ballard will partner with Vice Chairman Robert Given’s multifamily institutional investment sales team, which joined Cushman & Wakefield from CBRE last week. He brings nearly two decades of multifamily development, operations, and brokerage experience to the team. Prior to joining Cushman & Wakefield, Ballard served as Senior Managing Director in ARA Newmark’s Boca Raton office, where he founded the firm’s South Florida Land Division. At ARA Newmark, Ballard was lead broker on land transactions representing nearly 4,000 units with an expected development value of over $1 billion. Previously, Ballard was a founding partner and President of TM Real Estate [...]

2018-04-23T18:43:35+00:00 July 21st, 2016|Capital Markets, In the News, Multifamily, Press Release|

South Florida Multifamily Investment Sales Leaders Join Cushman & Wakefield

Robert Given has Closed More Than $20B in Multifamily Sales, Development Land and Equity Financing MIAMI, FLORIDA  – Cushman & Wakefield announced today that a group of multifamily institutional investment sales professionals led by Robert Given  has joined the firm from CBRE. Mr. Given and his colleagues focus exclusively on representing institutional and private owners in the sale of multifamily properties, developable land and structured equity finance in Miami, Fort Lauderdale, Palm Beach, Naples and throughout the state of Florida. Over the past 13 years, they have closed more than $20 billion in multifamily investment sales and consistently lead South Florida capital markets rankings. Mr. Given will serve as Vice Chairman and is joined by Executive Managing Directors Zachary Sackley and Calum Weaver, Director Neal Victor, Senior Financial Analysts Periklis Synanidis , James Quinn , Financial Analyst Aaron Mandel  and Client Services professionals Brant Long  and Elizabeth Rogerio. Mr. Given will [...]

2018-04-23T18:43:35+00:00 July 13th, 2016|Capital Markets, In the News, Multifamily, Press Release|

Cushman & Wakefield Brokers Sale of Coveted Dadeland Residential Mixed-Use Site

Rosendo Caveiro Brokered the Deal for a 2.14-Acre Infill Site Capable of Housing a 25-Story Multifamily Tower with up to 40,000 Square Feet of Ground Floor Retail MIAMI, Fla., Jan. 14 – Cushman & Wakefield announced today that it has brokered the sale of the Flagler Dadeland site, a coveted mixed-use infill development opportunity in Miami’s East Kendall suburb. The 2.14-acre vacant tract of land is located at the southeast corner of SW 85th Street and SW 72nd Avenue near the intersection of US–1/South Dixie Highway and North Kendall Drive. Senior Director Rosendo Caveiro represented the owner, an affiliate of Florida East Coast Industries, LLC. The property was sold at an undisclosed price. The prized site is zoned within Miami-Dade County’s Downtown Kendall Urban Center (DKUC) district, created in 1998 by the Miami-Dade Board of County Commissioners to establish a metropolitan urban center in Dadeland. The site’s zoning and location within the district [...]

2018-04-23T18:43:49+00:00 January 14th, 2016|In the News, Multifamily, Press Release|

Cushman & Wakefield Lists Rare Ocean Drive Redevelopment Site on Miami Beach

Cushman & Wakefield and Fisher Auction Company have listed a rare Miami Beach redevelopment opportunity at 1446 Ocean Drive for a minimum bid of $26 million. MIAMI, Dec. 2, 2015 – Cushman & Wakefield and Fisher Auction Company announced today that they have been retained as exclusive advisor for the sealed bid auction of 1446 Ocean Drive, a prime redevelopment site in Miami Beach. Senior Director Rosendo Caveiro and Fisher’s Francis D. Santos, representing the existing cooperative association, are offering the site for sale at a minimum bid of $26 million. The ±0.321-acre site currently houses a 45-unit, ±22,000-square-foot residential cooperative and commercial space built in 1960. The property offers approximately 96 feet of frontage on world-famous Ocean Drive and unobstructed views of Lummus Park on South Beach, the beach itself and the Atlantic Ocean. The property is within walking distance of Lincoln Road, Miami Beach Convention Center, Collins Avenue [...]

2018-04-23T18:43:50+00:00 December 2nd, 2015|Capital Markets, In the News, Multifamily, Press Release|

C&W Selected to Market Miami River Walk Site

MIAMI, FLORIDA – Cushman & Wakefield announced today that Senior Director Rosendo Caveiro of the Multifamily Advisory Group, has been named exclusive marketing advisor for the sale of the Miami River Walk development site, a 6.31-acre vacant tract of land with over 1,000 feet of frontage along the Miami River. The site is one of the largest, privately-owned, undeveloped, vacant tracts of land remaining on the Miami River. The Miami River Walk development site, located at 1001 NW 7th Street, is approximately one mile west of downtown Miami, offering easy access to State Road 836, Interstate 395, and the Civic Center Metrorail Station. The site is situated within walking distance of Miami’s Health District, which boasts the nation’s second-largest concentration of medical and research facilities behind only Houston. The district is home to approximately 40,000 workers, most employed in the health services sector. “With the Downtown/Brickell business and residential district [...]

2018-04-23T18:43:54+00:00 May 18th, 2015|In the News, Multifamily, Press Release|

Miami River project seeks millions in public incentives and land

Miami River Entrance The River Landing project, which aims to transform the area between the Miami River and the Health District with big box retail and residences, wants millions of dollars in assistance from the county. River Landing Development, led by Andy Hellinger, applied for an Economic Development Fund bond from the county to cover a portion of the $38.5 million in infrastructure and utility work that the project would require. The exact amount the county would cover hasn't been ...more Quoted in article: Mark Gilbert, Executive Vice President for Cushman & Wakefield Capital Markets - Retail Investment Advisors 

2018-04-23T18:44:05+00:00 January 9th, 2015|In the News, Multifamily, Retail|