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News & Articles

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.



America's Best Inn Sold

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

America's Best Inn located at 8797 20th Street in Vero Beach, Florida is 118 room hotel with 63,850 square feet on 6.17 acres.

The property sold for $2,105,000 in September 2013 to Vero Beach Inn, LLC. Lighthouse Realty Services represented the buyer in the transaction. The new owner plans to renovate, rebrand…



Brooklyn Water Bagel coming to Boca Raton

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

Brooklyn Water Bagel signs a 2,670 sf lease in August 2013 for five years within 5th Avenue Shops located at 2250 North Federal Highway in Boca Raton, Florida.

Blair Lee represented the tenant in the transaction.



REO Apartment in Lake Worth Sold

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

Small apartment/motel project located at 701 and 711 South Federal Highway in Lake Worth, Florida is 20 units that contains with 9,277 square feet on 0.62 acres. It was bank owned and essentially vacant at time of sale and in need of repairs.

The property sold for $575,000 in May 2013 to Eamon James Apartments,…



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