The Real Deal Miami

Posts Tagged ‘continental real estate companies’

  • waterway-II

    From left: 2300 Weston Road in Weston, and CREC’s Warren Weiser

    Commercial real estate services firm Continental Real Estate Companies, the exclusive leasing agent for several South Florida shopping centers, has taken on the distressed mortgage of the Waterway Shoppes II in Weston.

    The 33,600-square-foot retail center at 2300 Weston Road, which sits on a 4.6-acre lot, was hit with an $11.6 million foreclosure lawsuit in April. Wells Fargo Bank represented a commercial mortgage-backed securities trust when filing the suit. [more]

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  • Miami-based Continental Real Estate Companies has hired Chris Barney as a senior leasing associate in the firm’s retail team. Barney has previously served as a leasing associate at Woolbright Development and as director of tenant representation at High Street Retai USA. He will work with CREC’s Alan Esquinazi and Sabrina Meerbott. CREC’s existing retail clients include Target, Kohl’s, OfficeMax and Sports Authority. — Alexander Britell 

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  • Kendall tract sells for $7 million

    September 07, 2012 09:00AM

    The Tamiami plot

    A 17.1-acre tract of land in the Kendall/Tamiami submarket has been sold for $6.9 million, according to Continental Real Estate Companies, which brokered the transaction on behalf of the seller. The property, which is located at 14350 SW 137th Avenue in southwestern Miami-Dade County, is zoned for the development of as much as 195 rental townhome units. The price represented an average of $35.385 per potential unit. “A lack of sites available for garden-style rentals drove the demand for this entitled development site in the Kendall/Tamiami area,” said Peter Mekras, a senior vice president at CREC who handled the deal along with senior associate Liran Friedman. — Alexander Britell

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  • The 314-unit Star Creek Apartments in North Miami Beach has been sold for an undisclosed amount, according to Continental Real Estate Companies, which brokered the deal on behalf of the property’s Miami-based owner. Star Creek, which is located at 361 Northeast 191st Street in North Miami Beach, is the fifth multi-family sale handled by CREC in the first five months of 2012. [more]

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  • International Festival in Orlando

    Coral Gables-based Continental Real Estate Companies has completed 10 new retail leases in Central Florida for a combined 57,200 square feet. The largest is a 20,000-square-foot lease by Action Paintball of Orlando at International Festival. The next-biggest lease was by eatery Bismillah Restaurant and Market, which signed a deal for 9,700 square feet. [more]

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  • CREC adds two to retail team

    February 15, 2012 09:00AM

    The Trails shopping center

    Coral Gables-based Continental Real Estate Companies has added Josh Busby and Lisa Schummer to its retail team. The two will help manage the company’s 2.5 million square feet in Central Florida, including several in the Orlando area. “CREC has maintained a strong presence in the Central Florida region for more than a decade through our extensive platform of third-party services, so we know this market and believe there is tremendous upside here,” said CREC President and Co-Founder Carol Brooks. [more]

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  • Brickell Bayview Centre

    Marketing firm Max Borges Agency has signed a full-floor lease for 16,200 square feet at downtown Miami’s Brickell Bayview Centre.

    The company, which specializes in electronics marketing, is bringing more than 60 employees to the 285,959-square-foot tower from its former downtown Miami location at 3050 Biscayne Boulevard. [more]

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  • Above: downtown Brickell and 1450 Brickell office tower
    This year could mean an improvement for Miami’s commercial market, which has already seen gains in areas like retail and industrial, according to Miami Today. “It’s a very vibrant market right now, with a tremendous amount of capital looking for deals,” said Warren Weiser, co-founder of Continental Real Estate Companies. “The money side is fairly disciplined given what we’ve gone through before.” The industrial market has seen strength as a number of companies position themselves for the expansion of the Panama Canal, which is slated for completion in 2015 and will mean a slew of new large ships with access to the Port of Miami. On the retail side, Miami-Dade’s vacancy is the lowest in Florida, according to Howard Taft, managing director of Aztec Group. [Miami Today]

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  • CREC tapped to lease Metrocentre in WPB

    August 04, 2011 11:19AM

    Metrocentre Corporate Park and Darla Hall

    Continental Real Estate Companies has been named as the exclusive leasing and managing agent for Metrocentre Corporate Park, a 105,000-square-foot office complex in West Palm Beach. The project, which is undergoing major capital improvements, is owned by GE Capital. Continental has also hired a new leasing specialist, Darla Hall, to work with broker Steven Hurwitz on the property. “More and more, we’re seeing office tenants locating at properties that are held by established, well-capitalized owners,” Hurwitz said. — Alexander Britell
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  • What about Class B office space?

    April 08, 2011 05:07PM

    1101 Brickell

    A group of hurricane-proof, environmentally friendly, technologically advanced office towers have cast an imposing shadow over downtown Miami. But it’s not just Brickell Avenue that’s caught in the shade — it’s the Class B office market. While Class A gets most of the attention, and has added the most space to the downtown central business district, Class B is struggling to compete as tenants look for bargains in price brackets that wouldn’t have typically been viable in a stable real estate market. “I think in any soft market, there’s what many would refer to as a ‘flight to quality,’” said Steve Hurwitz, a vice president at Continental Real Estate Companies. “There are several new construction Class A buildings available in downtown Brickell, and you see tenants that have the opportunity to price themselves into higher-quality properties than they’re in today.”
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