Royal Palm Hotel

An archaeological dig at the site of the future Met Square entertainment complex has unearthed several stages in Miami’s history of development dating from 500 BC, the Miami Herald reported. [more]

A team of 30 real estate executives and brokers from Flagler Real Estate Services has signed with Avison Young, the South Florida Business Journal reported. The departing Flagler team is headlined by Pike Rowley, the former president of FRES. Jack Lowell, senior managing director at Flagler, is staying on board with the company, however. Avison, which is based in Canada, is new to the South Florida market. [SFBJ]

Pizzarium, a Roman-style pizzeria, has opened its location on East Flagler Street in downtown Miami, according to the Miami New Times. the eatery is helmed by co-owners Fernando Rendina and Massimiliano Saieva. The latter is a former member of the Italy’s national union for pizza-makers. Pizzarium is located at 69 East Flagler Street. [Miami New Times] — Alexander Britell

Blanca Commercial Real Estate has hired Alison Pages to serve as the brokerage’s executive vice president, the firm announced today. Pages has closed office transactions totaling approximately 1.5 million square feet and $250 million in her 20-year career. Pages was previously a senior vice president at Colliers International South Florida, where she specialized in office and medical leasing. She has also worked for Flagler and CBRE. — Alexander Britell

A property at Flagler Station

Flagler has sold its Flagler Station industrial portfolio, which comprises 33 assets, to AEW, the two sides announced Thursday. “Given the performance of Miami’s industrial market over the last 12 months, we were certain that a Class-A portfolio with such critical mass would garner serious interest from institutional investors,” said Vincent Signorello, president of Flagler. [more]

From left: Flagler Station in Miami, Beacon Court in Boca Raton and the Doral Concourse

TPG Capital is in contract to purchase Flager Development’s entire 12 million-square-foot portfolio of developed assets, the South Florida Business Journal reported.

The portfolio includes industrial and office space throughout Florida, especially in the Northeast, and is expected to be worth more than $1 billion. While the sale has yet to be finalized, TPG has already tapped CBRE Group to market Flagler Station in Miami. [more]

Flagler has named Manuel Fernandez the firm’s executive vice president of logistics operations. Fernandez will spearhead the development of the firm’s South Florida Logistics Center, a 400-acre logistics complex adjacent to the Miami International Airport at the Hialeah Rail Yard Site. Fernandez has previously been an executive at several logistics companies, including DHL Express and CSX, most recently serving as senior vice president with International Container Terminal Services, where he was based in Dubai. Flagler owns approximately 6 million square feet of Class A industrial space. — Alexander Britell [more]

Flagler has reported a strong first half of the year, according to the Florida Real Estate Journal, with approximately 1.1 million square feet leased at its Flagler Station property. Stuart Gordon, Flagler’s senior director of leasing, told the Journal that almost 60 percent of this year’s activity at the business park has been for new lease signings, two of which were the largest leases signed in the region, including a 125,482-square-foot industrial lease with cosmetics firm Betty Dain Creations, and a 123,448-square-foot industrial lease with logistics provider Crowley. The Class A office park is currently home to Brightstar, Ryder System, State Farm, Progressive, Gainsco and FedEx. [FREJ]

Florida real estate company Flagler has hired longtime political hand Adam Hollingsworth to head its growing right-of-way division, which recently began offering third-party services to help state and local transportation departments and independent railroad industry clients realize greater value from underutilized real estate holdings, the company announced today.
“Adam is unique in that he has an intimate knowledge of the railroad industry, and also understands the fiscal challenges of states and municipalities throughout the country,” said Flagler President Vincent Signorello. — Katherine Clarke [more]

The Real Deal  checked out new office tower 1450 Brickell, the site of the Commercial Industrial Association of South Florida’s Office Market Report presentation last Friday (see photos by Amy Ramirez above). Guests included Richard Schuchts of Jones Lang LaSalle and Tom Dixon of Dixon Commercial Real Estate. Alan Ojeda, developer of 1450 Brickell, and Tere Blanca, president of Blanca Commercial Real Estate were on a panel with Elizabeth Santos of CB Richard Ellis and Jack Lowell, senior managing director at Flagler Real Estate Services. – Alexander Britell
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