Professional Property Management | Miami | Fort Lauderdale | The Palm Beaches

CBRE Global Picks Up Mellon Bank Center in L.A.

CBRE Global Investors purchased the Mellon Bank Center, a 701,535-square-foot office building at 400 S. Hope St. in downtown Los Angeles, from an investment entity listed as 400 S. Hope Street Associates. The price was not disclosed. Tishman Speyer acquired the asset for $ 245 million
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CRE Loan Shares Continue To Be a Concern for Bank Regulators

There are few concerns more central to the soundness of the nation’s banks and thrifts than commercial real estate credit, Thomas J. Curry, Comptroller of the Currency, told attendees at last week’s CRE Finance Council conference in Washington, DC. You can see the reason f
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Private Equity Group Buys Sunrise Office Bldg. from Bank

A local private equity group acquired Atrium West, a two-story office building at 7771 W Oakland Park Blvd in Sunrise, FL, from Wells Fargo for $ 4.8 million or about $ 51.79 per square foot. Constructed in 1983, the 92,689 square-foot suburban office building occupies the northeast c
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Wall Street Week Ahead: Stocks face choppy seas of bank woes, uncertainty

NEW YORK (Reuters) – More volatility could be in store for stocks next week as investors grapple with less certainty about the economic outlook and a new blow to the financial sector after JPMorgan Chase’s trading loss. Europe is expected to keep investors jumpy as well, w
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Zucker Organization Pays $4.1M for Bank Branch

The Zucker Organization purchased the retail outparcel bank branch building located at 8901 W. Atlantic Blvd. in Coral Springs, FL for $ 4.1 million, or about $ 528 per square foot. The 7,771-square-foot retail building is fully leased to PNC Bank and is a part of the Plaza at Coral S
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Bank Of America Sells Two Palm Beach Buildings for $6M

Kenneth Slater acquired an office at 220 Sunrise Ave. and the retail building at 138-140 N. County Rd., both in Palm Beach, FL, from Bank of America for $ 6,027,500, averaging about $ 222 per square foot. The two-story office building totals 20,846 square feet and was built in 1986 on
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Ralcorp Leases 175,000SF at St. Louis Bank of America Plaza

National Real Estate Investor
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C&W Arranges HQ Lease Renewal for Spencer Savings Bank

National Real Estate Investor
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Central bank liquidity tap to stay open (Reuters)

Reuters – rallies that caught many in the market by surprise – investors will be paying keen attention to the world’s central banks in the coming week for signs of continued easy money. Yahoo! News: Business News
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Will Mobile Wallets Kill Bank Branches?

The convenience of the “mobile wallet” for making payments and accessing bank accounts from anywhere, at any time, could change the definition of “banking hours” — and the need for bank branches. In a recent Deloitte LLC video presentation, Brian Johnston
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