PAY IT FORWARD: “BE ACTIVE IN THE MOMENT BUT PATIENT WITH THE RESULTS”

MEDIA CONTACT:

Daniella Aragon-Andre
Levy Public Relations

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MIAMI – March 31, 2022 –What has been the biggest challenge in your particular role and how have you overcome those obstacles? My passion has always been to create and support the implementation of winning strategies for our clients. To accomplish this, my focus has been to build a team of top industry professionals that share my values, that care and are passionate about achieving success for our clients. Early on after launching the firm the operations of the business required more of my time than I enjoyed. I therefore had to focus on building a C-Suite of top talent in their respective areas of expertise Most recently, we have expanded our C-suite, brokerage team, and in-house marketing and research teams with top talent. We have also invested in the latest technologies that allow us to provide strategic insight to our clients, streamlined our operations, and set new standards in the market. These initiatives have allowed me to focus on client relationships and service, strategies to drive value for our clients, our overall company vision and lastly but not least, supporting negotiations and successful execution of deals.

What about your current role/position at the company are you most happy with? I am most happy working closely with our clients and our team creating and helping implement strategies that result in terrific outcomes for our clients. I also enjoy and feel grateful for having the privilege of helping unlock the full potential of my colleagues.

What is the best piece of advice you have received that has helped you succeed in your industry? It is all about how you show up, not only for your team and your clients but also for yourself. Being present, doing things with integrity and having good intentions goes a long way regardless of the industry you are in. A friend recently shared a post about the difference between passive and active patience. I encourage future leaders to embrace active patience which demands action and intention, even while waiting for results. Take time to build the skills you need to put yourself in the best position to succeed. There is almost always an action you can take to improve the odds. Be active in the moment but patient with the results. Think about this as you accelerate in your career, whether you are part of a team or building one.

How would you advise someone to succeed in the industry? It is an exciting time to be in the CRE industry, specifically in South Florida. I encourage young professionals to actively learn about all aspects of CRE. Having the flexibility to collaborate with different team members on a diverse array of projects will allow you to learn different perspectives and help you align yourself with areas you feel you can excel in. Build relationships with mentors in and out of the CRE industry. Put in the work and stay focused. Be curious, ask questions, set goals, hold yourself accountable, be proactive to participate and contribute. When you start succeeding, give back, pay it forward and know and stay true to your priorities.

Please share an initiative that you are working on that you are most proud of. I am very proud and passionate about the track record of success we have built since launching the firm in 2009. Today, I am excited about our investment in technology and unique platforms that will change how we capture data, provide real-time insight, and provide our clients unique foresight on market dynamics and opportunities.

In your opinion, what takeaways did we learn from the COVID-19 crisis? Communication is key. There is no such thing as over-communicating with your team, your clients, or your counterparts. Being flexible and nimble will set you apart especially in times of crisis and your ability to adapt and find solutions to unique situations will be valued. Embracing technology and new systems is a must.

What three terms would you use to describe your work mindset? Be present, mindful, and curious. Show up with enthusiasm and lead by example. A “no” will only get you closer to a “YES”. Stay focused, persistent and you will make it happen.

Where would you say commercial real estate needs to improve for women? We need to continue to cultivate the next generation of CRE women leaders by investing time in mentoring, supporting, networking, and expanding your team with young women who are eager to succeed within the industry.

How can women better position themselves for success both in general and in your specific area of focus? Focus on education and building relationships with mentors and sponsors from whom you can learn and who can guide you to the right opportunities. Put in the work and always expand your knowledge within your field. Lastly, know your worth and value what you bring to the table: Ask for the business, take on more responsibility, ask for the raise.

What, in particular, can women bring to the table as the industry continues to grapple and come out of the COVID-19 crisis? Their ability to lead with a commitment to building collaborative teams and executing on strategies that successfully create inclusiveness and diversity. Today, showing you value and genuinely care about your team and clients is a differentiator.

 

About Blanca Commercial Real Estate

Blanca Commercial Real Estate, the leading independently owned commercial real estate brokerage firm in Florida, provides a complete range of brokerage and advisory services to owners and users of commercial real estate. Established in 2009, the firm is noted for delivering distinct client value through a personalized approach, unique methodology, data-driven insight, vast network and deep community engagement. Practice areas include landlord representation, property management, development consulting, tenant representation, tenant community services, build-to-suit advisory services, and land/investment property acquisition and disposition. For more information, visit www.blancacre.com.

MORE THAN HALF OF WORKERS BACK TO THE OFFICE IN DOWNTOWN FORT LAUDERDALE: REPORT

MEDIA CONTACT:

Lidia Dinkova
The Real Deal

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MIAMI – January 21, 2022 – Downtown Fort Lauderdale’s return to the office is outpacing that of major markets such as New York, San Francisco and Austin, as well as the national average, a new report shows.

From 50 percent to 55 percent of workers were back to working in the office in February in downtown Fort Lauderdale, a 10 percentage point increase compared with summer 2021, according to the report from the Fort Lauderdale Downtown Development Authority.

“I think what we are seeing is employees are eager to break the routine from the past two years from the pandemic,” said Matthew Schnur, research and innovation manager at the DDA.

The strong return to the office is partly rooted in the population influx to downtown, a “critical mass” that has fueled more retail and restaurant openings, he said. Dining and shopping options are vital to creating a vibrant downtown to draw workers, and office amenities such as gyms and rooftop bars are pivotal in prompting a return of employees, Schnur said.

The DDA study is based on estimates provided by office property managers and traffic in the garages, and compares to findings by nationwide Class A office building security provider Kastle Systems, whose “Back to Work Barometer” tracks occupancy in 10 U.S. metro areas.

Kastle Systems, which uses card swipe data for its estimates, does not track the Miami-Fort Lauderdale metro area. But it shows that almost 31 percent of New York workers were back to the office as of February, almost 25 percent in San Francisco, 50 percent in Houston and almost 52 percent in Austin. The national average of return to the office was 36.4 percent, according to Kastle Systems.

The DDA study focused exclusively on Class A office buildings from East Broward Boulevard south to the New River, and from South Federal Highway east roughly to Andrews Avenue, Schnur said.

Included in this area is the 25-story office tower that is part of The Main Las Olas, completed in 2020. It is part of the larger, 1.4 million-square-foot mixed-use development that spans a full city block and includes the Novo Las Olas apartment tower and retail. A partnership of Stiles and Shorenstein Properties developed the complex.

The Main office tower is 93 percent leased, with tenants including Synovus bank, which took 19,985 square feet, and audit and tax consulting firm RSM, which took 16,570 square feet, according to a news release.

Danet Linares of Blanca Commercial Real Estate is the leasing agent for the office building’s landlord.

The amenities at the tower, at 201 East Las Olas Boulevard, such as the gym, conference center and tenant lounge are playing a role in tenant demand, said Christina Stine Jolley, also of Blanca Commercial.

The tech company influx to South Florida largely has concentrated on Miami’s Wynwood, although the demand from these companies could start creeping north to downtown Fort Lauderdale. 

“Historically the downtown Fort Lauderdale office market has been driven by financial and legal service firms,” Stine Jolley said. “We have seen an influx of new-to-market firms in the last year or so, and that has included some tech [firms] and it also has included some real estate, legal, financial services, insurance” companies.

The direct vacancy rate across downtown Fort Lauderdale decreased to 18.7 percent in the fourth quarter of 2021, down by roughly 5 percent from the third quarter, said Stine Jolley, citing Blanca Commercial data.

“I think it speaks to the continued urbanization of downtown Fort Lauderdale. Just since the pandemic alone, we have seen over 275-plus residential move-ins every month,” she said. “People, they want to live and work here.… It’s something we are projecting is only going to increase and have greater velocity, frankly, over the next few years. “

About Blanca Commercial Real Estate

Blanca Commercial Real Estate, the leading independently owned commercial real estate brokerage firm in Florida, provides a complete range of brokerage and advisory services to owners and users of commercial real estate. Established in 2009, the firm is noted for delivering distinct client value through a personalized approach, unique methodology, data-driven insight, vast network and deep community engagement. Practice areas include landlord representation, property management, development consulting, tenant representation, tenant community services, build-to-suit advisory services, and land/investment property acquisition and disposition. For more information, visit www.blancacre.com.

VENDEN CENTRO COMERCIAL HIDDEN LAKE POR $26M

MEDIA CONTACT:

Leonardo Morales
lmorales@diariolasamericas.com

Full Article

 

MIAMI – January 25, 2022 – Shoppes at Hidden Lake cuenta con espacios comerciales y para oficinas en dos plantas en la 127th Avenida del suroeste y la 128th St, en Kendall

“Esta oferta presentó a los inversores la oportunidad de adquirir un centro comercial recién construido y estable, con potencial de crecimiento”, dijo Cary Cohen, vicepresidente ejecutivo de Blanca Commercial Real Estate, la firma que gestionó la venta.

“El interés mundial por los activos inmobiliarios comerciales del sur de Florida siempre ha sido importante. Sin embargo, esta época de pandemia ha traído una cantidad sin precedentes de interés de los compradores nacionales que buscan colocar el capital en toda la región del sur de la Florida”, argumentó Cohen.

Blanca CRE es una de las principales empresas de servicios inmobiliarios comerciales de propiedad independiente en el sur de Florida y servicios de asesoramiento a los propietarios y usuarios de bienes raíces comerciales. Para más información, puede visitar www.blancacre.com.

Shoppes at Hidden Lake cuenta con espacios comerciales y para oficinas en la segunda planta, se encuentra rentado en un 96% de su capacidad y abarca un área de 62.744 pies cuadrados distribuidos en dos edificios. La propiedad se encuentra ubicada en la esquina de la 127th Avenida del suroeste y la 128th St, Kendall.

La propiedad también ofrece una gran proximidad a las zonas residenciales, incluyendo Country Walk, los cruces, Deerwood y los Hammocks, y está a pocos minutos del Aeropuerto Ejecutivo de Miami, con accesibilidad a los principales sistemas de transporte.

Desde su creación en 2009, Blanca CRE sigue destacándose por ofrecer un valor distintivo al cliente a través de un enfoque personalizado, una metodología única, una visión basada en estadísticas, amplia red y un profundo compromiso con la comunidad.

Las áreas de práctica incluyen la representación de los propietarios, la gestión de la propiedad, la consultoría de desarrollo, la representación de los inquilinos, los servicios de la comunidad de inquilinos, asesoramiento de construcción y la adquisición y disponibilidad de la propiedad de la tierra e inversiones.

Los informes trimestrales de mercado de Blanca son considerados como la referencia para muchos profesionales del sector inmobiliario. El esperado informe de mercado del cuarto trimestre del 2021 se publicará a finales de enero de 2022. Para más información, visite www.blancacre.com.

About Blanca Commercial Real Estate

Blanca Commercial Real Estate, the leading independently owned commercial real estate brokerage firm in Florida, provides a complete range of brokerage and advisory services to owners and users of commercial real estate. Established in 2009, the firm is noted for delivering distinct client value through a personalized approach, unique methodology, data-driven insight, vast network and deep community engagement. Practice areas include landlord representation, property management, development consulting, tenant representation, tenant community services, build-to-suit advisory services, and land/investment property acquisition and disposition. For more information, visit www.blancacre.com.

ADRIAN BUILDERS SELLS MIAMI-DADE RETAIL CENTER FOR $26M

MEDIA CONTACT:

Brian Bandell

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MIAMI – January 21, 2022 – An affiliate of Miami-based Adrian Builders sold a retail center in the Tamiami neighborhood of southern Miami-Dade County for $26 million. The Shoppes at Hidden Lake LLLP, managed by Alvaro L. Adrian of Adrian Builders, sold the 81,680-square-foot property at 12700 and 12750 S.W. 128th St. The buyers were Palms Petroleum LLC, Palmetto Eastar Energy Petroleum LLC, Westar SC Holdings LLC, Palmetto Westar Energy Petroleum LLC, Southpoint Petroleum LLC and 27-141 Petroleum LLC, all managed by Tomas Pequeno in Miami. Cary Cohen of Blanca Commercial Real Estate represented the seller in the deal. The six LLCs each sold separate gas stations in Miami-Dade two weeks ago to Wilmington Delaware-based Trinity Petro. It appears they reinvested the proceeds of those sales into this retail center.

The price for this deal equated to $318 a square foot, showing there is still demand for retail property in Miami-Dade, as it holds up relatively well against competition from e-commerce. The shopping center’s tenants are mostly local businesses, including a barber shop, coffee bar, tobacco shop, sports bar and medical center. Cohen said the property is 96% leased. “This offering presented investors the rare opportunity to acquire an immaculate, newly constructed stabilized shopping center with upside potential,” Cohen said. “Assets like Hidden Lakes are highly sought after. We were able to close within 45 days of listing it.” The two-story project was built on the 4.26-acre site in 2018 and 2020.

About Blanca Commercial Real Estate

Blanca Commercial Real Estate, the leading independently owned commercial real estate brokerage firm in Florida, provides a complete range of brokerage and advisory services to owners and users of commercial real estate. Established in 2009, the firm is noted for delivering distinct client value through a personalized approach, unique methodology, data-driven insight, vast network and deep community engagement. Practice areas include landlord representation, property management, development consulting, tenant representation, tenant community services, build-to-suit advisory services, and land/investment property acquisition and disposition. For more information, visit www.blancacre.com.

FILL’ER UP ON RETAIL: GAS STATION INVESTOR BUYS KENDALL SHOPPING PLAZA FOR $26M

MEDIA CONTACT:

Francisco Alvarado

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MIAMI – January 19, 2022 – A gas station investor is now fueling up on retail by acquiring a two-building shopping plaza in Kendall for $26 million.

Miami-based Westar Oil Company bought Shoppes At Hidden Lake at 12700 Southwest 128th Street in Miami-Dade County, according to Margot Chamot, a broker who was involved in the sale.

Adrian Builders, a Kendall-based commercial real estate firm founded by principal Alvaro Adrian, sold the 66,000-square-foot retail center. In 2017, Adrian Builders bought the 4.5-acre property for $3.3 million and completed the two two-story buildings a year later, according to records.

Chomat, of County Line Realty, told The Real Deal that Shoppes At Hidden Lake is 99 percent leased, with only two vacant retail spaces. Tenants include Ultimate Medical Center & Spa, Magic City Perks coffee shop, Rinconcito Miami #5 restaurant, U Beauty Bar and Backdoor Miami consignment shop.

“The buyer was looking for mom-and-pop shopping centers,” Chomat said. “We drove by some properties and came across this one. I called Alvaro Adrian. We negotiated right then and there, and two days later, we were under contract.”

Cary Cohen of Blanca Commercial Real Estate represented the seller.

Westar Oil Company is owned by Thomas Pequeno, according to state corporate records. Chomat said Westar owns several Westar gas stations in South Florida.

Open-air shopping centers are becoming hot real estate assets in South Florida. Earlier this month, Dallas-based Spectrum Properties bought a Doral shopping center anchored by an Aldi for $22.1 million, and Wharton Realty Group dropped $82 million for a fully leased shopping center in Homestead.

Last month, MMG Equity Partners paid $17 million for Plantation Community Plaza, a shopping center in Plantation; AEW Capital Management bought the fully leased Shops at Beacon Lakes near Dolphin Mall for $108 million; and Germany’s Union Investment picked up a Publix-anchored, fully leased shopping center in Boynton Beach for $79.5 million.

About Blanca Commercial Real Estate

Blanca Commercial Real Estate, the leading independently owned commercial real estate brokerage firm in Florida, provides a complete range of brokerage and advisory services to owners and users of commercial real estate. Established in 2009, the firm is noted for delivering distinct client value through a personalized approach, unique methodology, data-driven insight, vast network and deep community engagement. Practice areas include landlord representation, property management, development consulting, tenant representation, tenant community services, build-to-suit advisory services, and land/investment property acquisition and disposition. For more information, visit www.blancacre.com.

CRE PROJECTS GETTING TRIPPED UP BY SUPPLY CHAIN WOES

MEDIA CONTACT:

Erik Sherman

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MIAMI – January 21, 2022 – Dwight D. Dunton III, founder and CEO of Bonaventure Holdings, drove up to one of his company’s construction sites in the fall. “The buildings all looked like giant checker boards: some siding here and some siding there,” he tells GlobeSt.com. The subcontractor was installing siding as the supplier could deliver it.

While the Wall Street Journal recently wrote about how supply chain issues are affecting new homes, the problem stretches across commercial real estate projects.

A renovation of a bank space into a furniture showroom by interior design and architecture firm, Leslie Saul & Associates has seen a big delay because linear diffuser boxes weren’t available. “They finally arrived last week, but almost two months after the original due date,” Saul tells GlobeSt.com. “The store was supposed to open by Christmas, and instead it may be the end of February.”

Nareit senior economist Calvin Schnure sees two problems supply chains have imposed on CRE building. “One is the cost that might make a developer think this might be a project that isn’t doing,” he says. The other thing is lack of availability in needed quantities. “We are seeing delays and real difficulty in getting requirements at every step in the chain.” That includes raw materials, finished products, transportation, and labor.

“Commercial real estate is impacted like the rest of the world, with logistic delays prolonging lead times on the construction front, in addition to delays on the architectural and engineering front as well,” Randy Carballo, executive vice president of Blanca Commercial Real Estate, tells GlobeSt.com. Office space needs under 10,000 square feet used to take six months. Now it’s eight to ten.

Firms try to manage. “We are ordering materials far in advance,” says Pete Tuffo, president for the south region of Suffolk Construction. “However, since the majority of projects do not have sufficient laydown area to store materials, Suffolk works with clients to rent nearby warehouse space.”

“In my area of New Jersey and Pennsylvania, there seems to be very little non-medical commercial new construction,” offers real estate attorney Bonnie Galam. “It’s largely repurposing existing commercial structures. This alleviates the need for some building materials like lumber, but commercial developers are still facing the increase in prices on items like windows and drywall.”

“Our latest building products survey showed that the supply chain remains quite stretched, with no indication that conditions are improving,” says Ivy Zelman, CEO of Zelman & Associates, with 88% of respondents seeing lead times that were “modestly or well above normal.”

The impacts lead to tensions and legal strife. “Owners-landlords and development and construction experts are trying to avoid deadline clauses, even as tenants are pushing for them,” Andy Gutman, president of full-service commercial real estate firm Farbman Group, tells GlobeSt.com. “In response, some developers are starting to insert clauses into their contracts to say they aren’t responsible for any delays or disruptions because of the current supply chain issues.”

For those who hoped that the new year would bring a quick end to the pain, there’s disappointment.

“It may be into next year to see the ability to do non-residential construction unhindered,” adds Nareit’s Schnure.

About Blanca Commercial Real Estate

Blanca Commercial Real Estate, the leading independently owned commercial real estate brokerage firm in Florida, provides a complete range of brokerage and advisory services to owners and users of commercial real estate. Established in 2009, the firm is noted for delivering distinct client value through a personalized approach, unique methodology, data-driven insight, vast network and deep community engagement. Practice areas include landlord representation, property management, development consulting, tenant representation, tenant community services, build-to-suit advisory services, and land/investment property acquisition and disposition. For more information, visit www.blancacre.com.

WHAT BUILDING FEATURES DO OWNERS NEED TO ATTRACT TODAY’S TENANTS

MEDIA CONTACT:

Elizabeth Reyn

elizabeth.reyn@bisnow.com

Full Article

 

MIAMI – December 14, 2021 – The South Florida office market has not only been showing signs of resilience since the early days of the pandemic, but investments have climbed to an all-time high. Since the beginning of the year, transactions for office space in the Miami area have totaled $1.3B, its highest amount within the last five years.

The demand for offices in Miami is expected to remain strong as more people return to the office. The question for South Florida building owners is: How can I attract these tenants and create a space that helps them welcome their employees back?

One way to do this is to deploy a style of architecture that encompasses personality and individual expression in the development of spaces. Another way is to bring in amenities that enhance comfort and productivity while on the job.

Jorge Bromberg, developer and managing partner at Inmobiliaria Brom, believes that both aspects are necessary to help create an ideal office environment.

Bromberg’s company has developed Optima Towers in Aventura, Florida. This new office development consists of three Platinum LEED-certified towers — The Red, White and Onyx Towers — that have been designed with a state-of-the-art style to meet the needs of today’s tenants.

Bisnow spoke with Bromberg to gain insight on how building owners can think outside the box to create visually appealing and functional office spaces that can help attract modern tenants.

Bisnow: What can Optima Towers offer its clients that an older building can’t? 

Bromberg: Our building includes aspects of architecture, construction and design that can meet tenants’ current needs and, as an added bonus, allow them to feel excited to walk into an office building that looks sleek and has a creative feel. We wanted to develop an office that could be sustainable, both in its structure and in incorporating energy-efficient technology such as solar panels that manage electricity and a sprinkler system that takes in and continually releases rainwater.

Additionally, because the South Florida weather can be unpredictable, especially with hurricanes that have the potential to cause power outages, the building has to be strong enough to hold up regardless of the circumstances — this is something we can design for with a modern building, while older buildings may not be prepared. Some of these features include large, sturdy, missile-proof glass windows throughout, a glazing that can withstand the strong winds of a hurricane while utilizing less power to keep the office at a mild temperature and a generator that is regularly inspected.

Bisnow: What was the objective of the Optima Towers project?

Bromberg: With this project, the goal was to rise above the standard of what an office space should look and feel like and create a unique experience for a diverse population of tenants.

We wanted to combine both art and design features and elements of health and wellness, incorporating the aspects of the office experience tenants find most important. Ideally, tenants who rent in Optima Towers would be looking to sign long-term leases and stay in the area.

Bisnow: What amenities are you offering?

Bromberg: Each of the buildings features a rooftop that contains a track for walking or jogging, a pool and greenery, and scenic ocean views. The campus also has places to park that total 1K SF. The campus will soon feature a café on the bottom floor of the Onyx Tower, so that tenants will be able to enjoy a premier dining experience.

To ensure a safe working environment, the campus also features design elements that are environmentally sustainable and can accommodate a post-pandemic era. These include MERV 13 filters powered by UV lighting that are dispersed into the air and contactless sink faucets and dispensers in the bathrooms. For the things that people touch on a daily basis that can’t be contactless, such as elevator buttons and door handles, we have added antimicrobial properties.

Bisnow: Can you tell us a little bit about your partners?

Bromberg: The developers did an amazing job of executing the vision of what businesses need to have an elite office experience, always keeping in mind what amenities are needed to attract tenants into the right spaces.

The towers are just a short distance by shuttle from the Brightline Aventura Train Station, offering an accessible proximity to the downtown areas of Fort Lauderdale, Miami and West Palm Beach as well as the shopping and dining facilities of the Aventura Mall. The Red and White Optima towers have also been recognized for their creative design.

We encourage any prospective tenant who is interested in learning more about leasing opportunities to reach out to Tere Blanca, Juan Ruiz or Randy Carballo at Blanca Commercial Real Estate.

 

About Blanca Commercial Real Estate

Blanca Commercial Real Estate, the leading independently owned commercial real estate brokerage firm in Florida, provides a complete range of brokerage and advisory services to owners and users of commercial real estate. Established in 2009, the firm is noted for delivering distinct client value through a personalized approach, unique methodology, data-driven insight, vast network and deep community engagement. Practice areas include landlord representation, property management, development consulting, tenant representation, tenant community services, build-to-suit advisory services, and land/investment property acquisition and disposition. For more information, visit www.blancacre.com.

WATERFORD BUSINESS DISTRICT NUVEEN REAL ESTATE/ALLIANZ REAL ESTATE OFFICE PORTFOLIO IN MIAMI AWARDED WIREDSCORE CERTIFICATIONS FOR HIGHEST CALIBER OF CONNECTIVITY

MEDIA CONTACT:

Rhonda Price

rprice@newstarmedia.com
561-371-9407

 

MIAMI – March 31, 2021 – Blanca Commercial Real Estate, Florida’s leading independently owned commercial real estate brokerage firm, today announced that the seven buildings in the portfolio owned by the JV between Nuveen Real Estate and Allianz Real Estate at Waterford Business District have been awarded Wired Certified Silver and Wired Certified Gold designations. WiredScore is the internationally recognized, digital connectivity rating system for real estate. The 1.65-million square-foot “Class A” office portfolio adjacent to Miami International Airport now joins an exclusive network of Wired Certified buildings worldwide that offer the highest caliber of connectivity.

Specifically, the 5200, 5201 and 1000 Waterford buildings received WiredScore Gold status, while 701, 703, 800 and 5301 Waterford achieved WiredScore Silver certification.

WiredScore is an assessment of a building’s resilience, future readiness, mobile connectivity, availability of providers and overall user experience. According to a WiredScore report, “Achieving WiredScore certification establishes the office buildings as being at the cutting edge of technology, showing that it is an office campus that’s forward-thinking in terms of connectivity, and completely digitally tailored to handle the needs of any modern business. In achieving both Gold and Silver throughout, The Waterford Business District has truly excelled in all the above criteria, proving just how future-forward its Class A office product is.”

“Investing in technology focused enhancements and infrastructure is part of our commitment to deliver a cutting-edge, connected office campus providing the highest-quality amenities and tenant experiences,” said Charles Russo, Nuveen’s Office Sector SE Regional Head and Senior Director. “We will continue to stay at the leading edge of trends as we further enhance the experience for all our tenants, from Fortune 500s and multinationals to local startup businesses.”

““ESG, innovation and digitalization are core to our investment strategy at Allianz Real Estate. We have been focusing on these aspects since 2019 when we initiated our path towards decarbonization which we plan to reach by 2050. As such, we constantly look to add value to the assets in our portfolio by fostering the implementation of user-centric features that increase tenant well-being and benefit the community where the asset is located,” said Peggy DaSilva, Head of Asset Management, Allianz Real Estate, United States.

The WiredScore certification is the latest announcement surrounding Waterford Business District. The District is recognized as Florida’s premier corporate and professional hub addressing the evolving needs of innovative companies in Miami and those relocating to and expanding in the region. The seven office properties owned by the JV are surrounded by lush landscapes, expansive lake frontage, water features and outdoor collaboration areas. The District features a broad array of on-site amenities including seven hotels, a 30,000 square-foot retail center offering varied food options, state-of-the-art conference facilities, cafes, and fitness centers as well as outdoor yoga classes, bike share, shuttle and Tesla transportation services –  which may be accessed via the WBD Tenant App; exclusive to the tenants in the Nuveen Real Estate and Allianz Real Estate portfolio.

“The WiredScore certification further evidences the ownership group’s close pulse on what today’s tenants demand from office space, and the importance of delivering best-in-class technological capabilities that ensure business continuity and connectivity,” said Tere Blanca, CEO of Blanca Commercial Real Estate, the exclusive leasing agent for the JV’s portfolio at Waterford Business District. “Based on its unique offerings, central location in Miami, proximity to Miami International Airport and the region’s major expressways, we expect to see a continued growing interest from local and out-of-state companies for existing Class A office space and for further development of build-to-suit corporate headquarters across the 30 acres of fully entitled, available land at Waterford.”

The Blanca Commercial Real Estate team for the JV’s portfolio at Waterford Business District includes Tere Blanca, Juan Ruiz and Andres del Corral. More information and lease opportunities at Waterford Business District are available by contacting the Blanca Commercial Real Estate team at info@blancacre.com or (305) 577-8850.  Waterford Business District is managed by JLL led by Amarjit Bains and Edgar Hidalgo.

 

About Nuveen Real Estate

Nuveen Real Estate is one of the largest investment managers in the world with $133 billion of assets under management. Managing a suite of funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing. With over 80 years of real estate investing experience and more than 600 employees* located across over 25 cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise. For further information, please visit us at: nuveen.com/realestate.

 

About Allianz Real Estate

Allianz Real Estate is a PIMCO Company, comprising Allianz Real Estate GmbH and Allianz Real Estate of America and their subsidiaries and affiliates. It is the dedicated real estate investment manager within the Allianz Group and has grown to become one of the world’s largest investors in real estate. Allianz Real Estate develops and executes worldwide tailored portfolio and investment strategies on behalf of a range of global liability driven investors, creating long-term value for clients through direct as well as indirect investments and real estate financing.

The operational management of investments and assets is performed out of 19 offices in key gateway cities across 4 regions (West Europe, North & Central Europe, USA and Asia Pacific). As at 31 December 2020, Allianz Real Estate held $87.3 billion assets under management. For more information, please visit: http://www.allianz-realestate.com

 

About Blanca Commercial Real Estate

Blanca Commercial Real Estate, the leading independently owned commercial real estate brokerage firm in Florida, provides a complete range of brokerage and advisory services to owners and users of commercial real estate. Established in 2009, the firm is noted for delivering distinct client value through a personalized approach, unique methodology, data-driven insight, vast network and deep community engagement. Practice areas include landlord representation, property management, development consulting, tenant representation, tenant community services, build-to-suit advisory services, and land/investment property acquisition and disposition. For more information, visit www.blancacre.com.

BLANCA COMMERCIAL REAL ESTATE AND WEWORK ANNOUNCE AN EXCLUSIVE BROKERAGE PARTNERSHIP IN MIAMI

Blanca Commercial Real Estate to Lease 480,000 square feet in seven WeWork Locations

 

Miami, FL, March 5, 2021 – Today, Blanca Commercial Real Estate announced it has been selected as the exclusive broker for WeWork, a global leader in flexible space solutions, in seven locations throughout Miami.

Ranging from individual suites, to private floors, to entire buildings, the greater Miami area WeWork portfolio includes:

  • Brickell City Center in Brickell – 79,000 SF
  • Southeast Financial Center in Downtown – 89,000 SF
  • Wynwood Garage in Wynwood – 30,000 SF
  • Giralda Place in Coral Gables – 57,000 SF
  • 2222 Ponce de Leon in Coral Gables – 35,000 SF
  • 429 Lenox Avenue in Miami Beach – 44,000 SF
  • 830 Brickell Plaza in Brickell – 147,000 SF (opening ~2023)

In today’s dynamic workplace environment, flexibility is the top priority for many companies looking for workspace. WeWork offers flexible lease terms and move-in ready space complete with meeting rooms, on-site staff, unique common areas, phone booths, stocked kitchens and business-class office amenities including printers and wireless connection. Additionally, tenants have access to the amenities that are unique to each building, such as fitness centers, bike rooms and on-site parking.

Over the past year, WeWork has invested in updating their entire portfolio of over 700 buildings to adjust for social distancing protocol and enhanced safety features. Because of these efforts, WeWork’s health and safety measures, response plans and space modifications have been independently audited and endorsed by Bureau Veritas, and the company has been awarded a certificate of conformity.

“We are thrilled to launch a collaborative effort with WeWork to meet the office space requirements of anyone looking to establish or expand operations in South Florida. WeWork’s exceptional inventory of office space is an ideal choice for companies and entrepreneurs who can benefit from deploying the fully stocked and furnished, ready-for-occupancy workspace and complete array of concierge style office services and community networking that WeWork can provide on an immediate basis.” said Tere Blanca, Chairman & CEO of Blanca Commercial Real Estate.

The Blanca Commercial Real Estate leasing team for the Miami WeWork locations is led by Executive Vice President David M. Valdez and Associate Alex Marquez with strategic support by Chief Executive Officer Tere Blanca. For more information about office leasing, please contact david.valdez@blancacre.com or alex.marquez@blancacre.com.

 

About WeWork:

WeWork is a global leader in flexible space, providing businesses of all sizes with the space, community, and services they need to run and grow their business. With 859 locations, in 151 cities in 38 countries across the world, WeWork delivers flexible space solutions to its 542,000 members worldwide.

 

About Blanca Commercial Real Estate

Blanca Commercial Real Estate, the leading independently owned commercial real estate brokerage firm in Florida, provides a complete range of brokerage and advisory services to owners and users of commercial real estate. Established in 2009, the firm is noted for delivering distinct client value through a personalized approach, unique methodology, data-driven insight, vast network and deep community engagement. Practice areas include landlord representation, property management, development consulting, tenant representation, tenant community services, build-to-suit advisory services, and land/investment property acquisition and disposition. For more information, visit www.blancacre.com.

STYLISH ON MAIN

A new downtown development offers more urban living, some of the city’s most modern office space – and a new grocery store.

 

FORT LAUDERDALE MAGAZINE,– January 4, 2021

Potential central Fort Lauderdale residents want Flagler Village-style options south of Broward Boulevard, in the heart of downtown. Potential office tenants want state-of-the-art amenities and facilities that give employees the options they want. The increasing number of people living downtown want a supermarket right where they live.

Broadly, these were the ideas that led the Stiles Corporation to a new downtown development that could be said to be ambitious, even by their standards. The Main Las Olas, a 1.4-million-square-foot mixed-use development on East Las Olas Boulevard near SE Second Avenue, includes a 27-story tower, 341 residential units at a mixture of price points, and retail including a GreenWise Market.

The first residents began moving into Novo Las Olas, the development’s residential side, in late November. As this story was being written, GreenWise was aiming for a late December opening, and Stiles was considering retail tenants for the Las Olas side of the development.

People at Stiles have been thinking about a project like this for some time – and believe that now is the right time to make it happen.

“The vision of this project started 8 to 10 years ago,” Stiles CEO and board director Ken Stiles says. “We’ve put a lot of thought into it. We looked into the downtown market. We felt like it was the right time…for a new building to be built.”

Though just one of a number of tenants, the GreenWise Market is a key part of the development. Owned by Publix, GreenWise locations tend to be smaller – like this one, often on the ground floor of buildings rather than standalone Publix supermarkets.

“With the GreenWise concept, it’s not your traditional Publix,” Stiles says. “It will have your regular groceries, but for a lot of it, it will be prepared foods” like a Whole Foods or a Fresh Market.

Photography: Stiles.

“Our relationship with Publix has been great over the years,” Stiles says. “I think we’ve developed 41 Publixes throughout the Southeast. In the last six years, they really wanted a location around downtown.”

Stiles looked around Flagler Village, but with so much multistory residential being built there, it was never going to work financially to find a spot for a standalone Publix, Stiles says. A GreenWise sounded like the better option for central Fort Lauderdale. When Publix looked at the area’s demographics – the increasing number of people living downtown, within walking distance to work and entertainment – they liked what they saw.

“If we’d suggested this 10 years ago, I don’t think they would have agreed,” he says. “They felt they had the walkability to move forward for it.”

Photography: Stiles.

A supermarket in the building is also a great offer for attracting tenants. “We felt that it’s going to be the biggest amenity, and also the hype,” Stiles says. He thinks residents will also be attracted by what goes in on the Las Olas side, although they’re still looking at exactly what that is going to be.

“On the Las Olas side, we’ve got a lot of interest,” he says. “We’re just kicking around what we’re going to do there – whether it’s going to be more restaurant related, social, or a bank, which we’ve considered as well.”

The apartments themselves have a number of different price points, with the least expensive coming in at less than $1,800 a month.

Photography: Stiles.

“This was really the (question) from the beginning – how do we build a downtown building for the resident who lives in Flagler Village? Give somebody south of Broward something with a grocery store, something walkable,” Stiles says. “That’s how the design really came about.”

It feels different from other Stiles projects. “It’s got a more edgy feeling, I would say,” Stiles says. “It’s a lot more exposed concrete; we’ve got graffiti artists going in to add art to it.” That said, it’s also got amenities like a pool deck and grilling/socializing spaces. Social spaces are also a big part of the development’s other component, its office space.

There have been hardly any new office buildings built in downtown Fort Lauderdale in the last couple decades, Stiles notes, and when they were thinking about this one, he and several others flew around the country looking at other new office developments.

“The glass is a perfect example,” he says. “We wanted a different look than we’ve done in the past.” The only place that the non-glassy, transparent glazing system they wanted had been used was in one building in Denver, which they looked at.“That was one of the first differences we did on the aesthetic side of it.”

Meanwhile the 14-foot slab for a floor meant 12-foot glass in the offices. “And it has been a wow factor when tenants have toured the space,” he says.

Photography: Stiles.

They also took some of what they’d learned about residential developments and incorporated it into the office side. That means a residential-style lounge or amenity area, outdoor bar and firepit, patio and breakout spaces with a living room feel.

There’s also a gym, showers and a bike storage system. They felt it was important for the gym to have shower facilities for those who want to cycle to work, have a jog at lunch or work out before going to work.

It’s all part of an ongoing activation of the downtown portion of Las Olas. Twenty years ago, Stiles notes, the part of Las Olas that anyone not working there wanted to visit ended at the tunnel. Eventually restaurants spread out – but then Third Avenue became the kind-of cutoff. Now downtown is becoming one uninterrupted space.

“It’s not just our project but all the projects there,” Stiles says, “that are really activating that part of Las Olas.”