Multifamily

Cushman & Wakefield Brings Naples 701 to Market

Preston Giuliano Capital Partners Selected Cushman & Wakefield’s South Florida Institutional Multifamily Team to Sell its Value-Add, 188-Unit Multifamily Garden Asset NAPLES, FLORIDA — Cushman & Wakefield announced today that it has been named exclusive advisor in the disposition of Naples 701, a 188-unit garden product in Naples, FL. Cushman & Wakefield’s South Florida Institutional Multifamily Team of Vice Chairman Robert Given, Executive Managing Director Zachary Sackley, Senior Managing Director Troy Ballard, Director Neal Victor and Financial Analyst Aaron Mandel have been chosen to market the asset for Preston Giuliano Capital Partners. The asset will go to market unpriced. Naples 701 is a two-story, 188-unit multifamily garden product developed on an 11.81-acre site at 3531 Plantation Way. The property was previously planned as a condominium conversion before Preston Giuliano re-assembled the units and reverted it back to an apartment community and collapsed the HOA in March 2016. The property is currently 97 percent occupied and is achieving an average market rent [...]

2018-04-23T18:43:27+00:00 January 13th, 2017|Capital Markets, In the News, Multifamily, Press Release|

Cushman & Wakefield Brings Amaray Las Olas to Market

A Joint Venture of The Rockefeller Group and Stiles Corporation has Selected Cushman & Wakefield’s South Florida Institutional Multifamily Team to Sell the 254-Unit Luxury Residential Tower FORT LAUDERDALE, FLORIDA — Cushman & Wakefield announced today that it has been named exclusive advisor in the disposition of Amaray Las Olas, a new luxury residential tower in Downtown Fort Lauderdale. Cushman & Wakefield’s South Florida Institutional Multifamily Team of Vice Chairman Robert Given, Executive Managing Director Zachary Sackley, Senior Managing Director Troy Ballard and Director Neal Victor has been chosen to market the tower for a joint venture of the New York-based Rockefeller Group and the Fort Lauderdale-based Stiles Corporation. The asset will go to market unpriced. Amaray Las Olas is a 30-story, 254-unit multifamily tower developed on a 1.25-acre site at 215 SE 8th Street. The average unit in the 285,329-square-foot building is 1,123 square feet with a market rent of $3,488, or $3.11 per square foot. The first [...]

2018-04-23T18:43:27+00:00 January 10th, 2017|In the News, Multifamily, Press Release|

Cushman & Wakefield Negotiates Sale of ±916,000-SF Palm Beach County Industrial Portfolio

The Cushman & Wakefield Capital Markets Team of Scott O’Donnell, Greg Miller, Dominic Montazemi and Mike Davis Represented a Private Trust in the Disposition of the 38-Building Industrial Portfolio FORT LAUDERDALE, FLORIDA — Cushman & Wakefield announced today that it has negotiated the sale of a +915,887-square-foot industrial portfolio located on 16 sites throughout northern Palm Beach County. Executive Director Scott O’Donnell, Senior Associate Greg Miller, Director Dominic Montazemi and Executive Director Mike Davis represented a private trust in the disposition. SL Florida Small Bay Portfolio, LLC and SL Florida Small Bay Portfolio II, LLC acquired the portfolio for $50,070,000 ($55 per square foot). Cushman & Wakefield’s Capital Markets Team co-marketed the property with CBRE Executive Vice President Robert Smith. The portfolio is 100 percent occupied and comprises 38 buildings on 16 sites totaling nearly 54 acres in West Palm Beach, Riviera Beach, Magnonia Park and Lake Park. The assets [...]

2018-04-23T18:43:30+00:00 November 3rd, 2016|Capital Markets, Distriubution, Industrial, Multifamily|

Cushman & Wakefield Releases 3Q 2016 South Florida Multifamily Market Update

A Record $2.4 Billion in South Florida Multifamily Sales was Recorded in the First Nine Months of 2016 MIAMI, FLORIDA — Cushman & Wakefield announced today that it has released its 3Q 2016 South Florida Multifamily Market Update. The in-depth report, authored by Executive Managing Director Calum Weaver of Cushman & Wakefield’s South Florida Institutional Multifamily Team, details the state of the multifamily market in the three counties comprising South Florida — Miami-Dade, Broward and Palm Beach. The report finds an incredibly active multifamily sales market in South Florida with heightened investor activity driven by strong market fundamentals. Important highlights of the report can be found below: There have been 202 recorded transactions in South Florida valued at more than $2.4 billion through the first nine months of 2016. The annual record of $3.3 billion in sales was established in 2015. Demand for multifamily housing in South Florida continues to increase [...]

2018-04-23T18:43:31+00:00 October 21st, 2016|Capital Markets, In the News, Multifamily, Press Release|

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|