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News & Articles

Lighthouse Realty Represents Buyer on Purchase of Boca Raton Properties

Blair Lee of Lighthouse Realty Services represented Redsteel Properties in their purchase of the net lease Starbucks and Mattress Firm properties located at 1830 N. Federal Highway in Boca Raton.

Lighthouse Realty Services Welcomes New Associate

Gretchen Krise joined Lighthouse Realty Services as a commercial real estate sales associate. She brings a strong research background, extensive network and relationships, and real estate transaction experience.

Lighthouse Realty Assists in Buyer Representation of Marine Max Waterfront Facility

Blair Lee of Lighthouse Realty Services assisted Jason Block of JD Block Services in representing the buyer in the July 2015 purchase of the Marine Max waterfront facility located at 139 Shore Court, North Palm Beach, Florida.

5 Predictions about the South Florida economy

South Florida is catching a tailwind from a stronger U.S. economy, according to PNC Financial Services Group's third quarter Southeast Market Outlook. The report offered an optimistic forecast of the region's progress into 2016, predicting lowered unemployment rates, less foreclosed properties and more tourism.

Pieology and Wok Box to enter Florida market

Franchises from California to Canada are seeking space to expand in the tri-county area. Pieology, based in Rancho Santo Margarita, California, will open its first store in Florida at a retail and dining project in Pembroke Pines, and founder Carl Chang said there will be more units of his build-your-pizza restaurant coming to South Florida. Wok Box, based in Surrey, British Columbia, Canada, opens its first Florida location at 2528 University Drive in Coral Springs in August. From there, the brand expects to open 44 stores across the state, with 24 in South Florida.

Coconut Creek retail center sold for $10M to national REIT

An affiliate of a national real estate investment trust bought West Creek Plaza in Coconut Creek for $10.225 million.

City National Bank provides $13M for Wal-Mart-anchored center in Broward

An affiliate of Gaitlin Development Co. obtained a $13.265 million construction loan for a Davie retail center that will be anchored by Wal-Mart Neighborhood Market.

Commercial Real Estate Investment Market Poised for Growth in 2014

CCIM Institute's Quarterly Trends Report Shows Increased Deal Flow in 4Q13.
The last quarter of 2013 for the commercial real estate investment market set the pace and tone for 2014. Nearly 60 percent of CCIM Institute's national membership indicated they experienced more transactions in 4Q13 than the same period the prior year, according to the organization's 4Q13 Quarterly…

Office Vacancies Decline, Rents Increase

Most major U.S. markets saw office vacancy rates decline throughout the fourth quarter 2013, commercial real estate services firm CBRE Group reported Jan. 9, MBA NewsLink reported.

Of the 13 largest U.S. markets, nine had lower office vacancy and 11 had higher rental rates.

"The steady recovery of the U.S. office market continues," Brook Scott, CBRE interim head of research, Americas,…

Local Chiropractor signs lease

Blair Lee of Lighthouse Realty Services, Inc announces the following lease:

Hamed Kian Family chiropractic signs a 1,000 sf lease in December 2013 for five years within Jupiter Reserve located at 901 West Indiantown Road in Jupiter, Florida.

Blair Lee represented the tenant in the transaction.

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