LOCAL DEK:
All Star Recruiting Locums, Cinch Home Services, more | Boca Raton
Boca Raton Innovation Campus, or BRiC, inked more than 260,000 square feet worth of leases, including new deals and renewals.
In the new deals, All Star Recruiting Locums, a health care staffing firm, leased 42,700 square feet; and home warranty provider Cinch Home Services leased 32,900 square feet, according to a press release. All Star Recruiting, which state records show is affiliated with All Star Healthcare Solutions, will move from its Deerfield Beach office at 800 Fairway Drive.
Also, tech firm EchoTwin AI, which provides AI spatial intelligence for cities to manage services and infrastructure, leased 2,700 square feet, marking its first office. Its founder Chris Carson is moving to South Florida from San Francisco.
The tenants that opted to stay at BRiC are health care tech firm Modernizing Medicine, which renewed its 127,800-square-foot lease; private school Everglades University renewed its 52,600-square-foot lease and publicly traded financial services firm NewtekOne renewed its 7,800-square-foot lease, according to the release.
Ryan Nunes and Alan Kleber of Cushman & Wakefield represented All Star Recruiting, Cinch Home Services and Modernizing Medicine. JJL’s Zach Wendelin and Adam Bernstein represented Everglades University. Bernstein has since joined Stream Realty. Jeff Kelly of CBRE represented the landlord, Boca Raton-based CP Group.
CP Group, led by Angelo Bianco and Chris Eachus, and New York-based DRA Advisors, led by David Luski, own the 1.7 million-square-foot BRiC. In 2021, DRA paid $320.2 million for a stake in the campus at 5000 T-Rex Avenue in Boca Raton.
Originally developed in the 1960s by IBM for its research and development, BRiC is undergoing a $100 million renovation that includes the addition of spec suites part of CP Group’s worCPlaces flexible office portfolio, a Boca Raton Regional Hospital-managed wellness center, an autonomous grand-and-go store, two coffee shops, two gyms and indoor/outdoor event space, the release says.
CP Group and DRA Advisors are expected to redevelop BRiC into a mixed-use complex with multifamily, retail, dining, entertainment and a grocery store. Boca Raton officials approved BRiC’s rezoning in 2023.
Ripco Real Estate | Miami
Commercial real estate brokerage Ripco Real Estate moved its Miami office from Brickell to Wynwood.
Ripco, which has 15 staff members in South Florida, leased 5,200 square feet at the Gateway at Wynwood building at 2916 North Miami Avenue, according to Tony Pavli, Ripco Florida managing partner. The space is larger than Ripco’s previous 3,900-square-foot office at 1221 Brickell Avenue.
The new office will accommodate future employee growth and is more central to Ripco’s markets, Pavli said.
New York-based Ripco first opened a Miami office in 2021, seizing on the influx of New Yorkers and other out-of-staters to South Florida. The in-migration fueled a market boom fueled by an office leasing frenzy and rent growth.
Ripco’s business lines include landlord and tenant representation for retail leasing, investment sales across asset classes, and debt and equity advisory service. Last year, Ripco acquired Miami-based retail brokerage Acre, which has four brokers.
San Diego-based Cire Equity, led by Joshua Volen and Trevor Smith, owns the 12-story Gateway at Wynwood and adjacent one-story bank building at 2830 North Miami Avenue. In August, Cire acquired the $89.6 million credit bid for the property from A10 Capital, as special servicer for the property’s loan.
Gateway’s developer, R&B Realty, completed the project in 2021 and then faced foreclosure over an allegedly $112.9 million delinquent mortgage. After the lender won a summary judgment in state court, R&B filed for Chapter 11 reorganization. Though R&B was given a final chance to refinance the loan, it failed to reach a deal and lost the property to Cire in bankruptcy court.
Given Gateway’s recent financial woes, rents at the building likely are lower than in Brickell.
Morgan Motor Company | Aventura
British automaker Morgan Motor Company opened its first U.S. showroom at Aventura Mall.
Morgan Fort Lauderdale, the British automaker’s Fort Lauderdale dealership, in partnership with Morgan Motor Company, leased 1,000 square feet at the mall, according to the tenant’s news release. The show room is called TxtCharlie.
Turnberry, led by Jackie Soffer, and Simon Property Group, led by David Simon, own Aventura Mall at 19501 Biscayne Boulevard in Aventura.
Club Studio | Miami
Gym Club Studio opened at the 27-acre Miami Worldcenter mixed-use complex.
Club Studio opened in a 38,000-square-foot space at 850 Northeast Second Avenue, where it will offer HIIT-style training, boxing, cycling, hot yoga and reformer-based Pilates, according to a Miami Worldcenter news release.
Miami Worldcenter Associates, led by Art Falcone and Nitin Motwani, in partnership with Los Angeles-based CIM Group are the master developers of the $6 billion Miami Worldcenter, which is at the intersection of downtown Miami and the city’s Park West neighborhood.
Reforming Pilates | Miami
Reforming Pilates will open at Mary Brickell Village retail center in Miami’s Brickell.
The Pilates studio leased 1,500 square feet at 58 Southwest 10th Street, where it will open in January, according to a press release.
Genevieve and Daniel Ross founded Reforming Pilates in 2022 in Bay Harbor Islands, expanding it to Miami Beach, Fort Lauderdale and Boca Raton.
Kimco Realty, the Jericho, New York-based REIT, owns the 200,000-square-foot Mary Brickell Village that’s on a 5.2-acre site at 900 and 901 South Miami Avenue and 911 Southwest First Avenue. Kimco assumed ownership of the complex last year after acquiring New York-based real estate investment trust RPT Realty in a $2 billion deal. RPT had paid $216 million for Mary Brickell Village.
Cava, Miniso, Yoga Joint | Kendall
Kimco Realty scored three tenants at its Palms at Town and Country shopping center in Kendall.
In the first quarter, Mediterranean restaurant Cava will open in a 2,700-square-foot space; and home goods, toys and accessories retailer Miniso will open a 7,000-square-foot store, according to Kimco’s news release. Yoga Joint leased 5,400 square feet at the shopping center, where it will open in the second quarter.
The 80-acre Palms at Town and Country on the northeast corner of Southwest 88th Street and the Florida Turnpike in unincorporated Miami-Dade County. Recently, it also signed Starbucks and Barnes & Noble.
Kimco, a Jericho, New York-based real estate investment trust, is led by Conor Flynn.
Nason Yeager Gerson Harris & Fumero | Palm Beach Gardens
Nason Yeager Gerson Harris & Fumero is staying put at the Seacoast Banking Center, opting to increase its office space.
The law firm renewed its existing 18,400-square-foot lease and added another 5,400 square feet of contiguous office space at 3001 PGA Boulevard in Palm Beach Gardens, according to a news release from the tenant’s broker. The firm, founded in 1960, has corporate, real estate, environmental and litigation practices.
Lawrence Epstein and Michael Wernick of Savills represented Nason Yeager. Chris Smith of CBRE represented the landlord.
Last year, Owens Realty Capital and Galium Capital sold the Seacoast Banking Center for $30.3 million. An Owens news release issued at the time identified the buyer as Andiamo Capital, which is different from blockchain venture fund with the same name but declined to provide additional details. Records show the purchasing entity ties to Toronto, Canada-based Roadmap Capital.
Play Sporting Lounge | Doral
A dining and sports entertainment center will open at CityPlace Doral.
Play Sporting Lounge leased 12,000 square feet and an expansive outdoor patio at 3450 Northwest 83rd Avenue in Doral, where it will open in December, according to the tenant’s news release. The venue will include two indoor/outdoor bars, a patio with games such as bocce and corn hole, seven live sports simulator suites, three digital dart lanes, 60 TVs and a stage for live entertainment.
Baltimore-based Continental Realty Group bought the retail portion of the mixed-use CityPlace Doral in June for $87.5 million from PGIM Real Estate. Related Group and Shoma Group completed development of the roughly 18-acre CityPlace Doral in 2017.
Rimadesio | Miami
An Italian furniture and architectural systems brand opened a showroom in Miami’s Edgewater neighborhood.
Rimadesio leased 3,000 square feet at 2601 Biscayne Boulevard for its flagship Miami outpost, according to the tenant’s news release. The showroom will host its grand opening on Nov. 12.
Davide Malberti is Rimadeio’s Italy CEO and Andrea Romano is the brand’s U.S. CEO.
Records show an entity managed by Leandro Payro owns the Edgewater building.
Florida Room | Fort Lauderdale
Husband-and-wife chefs Jeff McInnis and Janine Booth opened a new Southern comfort food restaurant in Fort Lauderdale.
Florida Room opened in a 4,000-square-foot space that includes an indoor and outdoor bar at 891 Southwest 34th Street within The Fort recreational center, according to the tenant’s news release. The city-owned Fort includes pickleball courts.
McInnis and Booth’s other culinary ventures include Root & Bone. Root & Bone’s closed its South Florida outpost in South Miami last year. All Star Recruiting Locums, Cinch Home Services, more | Boca Raton
Boca Raton Innovation Campus, or BRiC, inked more than 260,000 square feet worth of leases, including new deals and renewals.
In the new deals, All Star Recruiting Locums, a health care staffing firm, leased 42,700 square feet; and home warranty provider Cinch Home Services leased 32,900 square feet, according to a press release. All Star Recruiting, which state records show is affiliated with All Star Healthcare Solutions, will move from its Deerfield Beach office at 800 Fairway Drive.
Also, tech firm EchoTwin AI, which provides AI spatial intelligence for cities to manage services and infrastructure, leased 2,700 square feet, marking its first office. Its founder Chris Carson is moving to South Florida from San Francisco.
The tenants that opted to stay at BRiC are health care tech firm Modernizing Medicine, which renewed its 127,800-square-foot lease; private school Everglades University renewed its 52,600-square-foot lease and publicly traded financial services firm NewtekOne renewed its 7,800-square-foot lease, according to the release.
Ryan Nunes and Alan Kleber of Cushman & Wakefield represented All Star Recruiting, Cinch Home Services and Modernizing Medicine. JJL’s Zach Wendelin and Adam Bernstein represented Everglades University. Bernstein has since joined Stream Realty. Jeff Kelly of CBRE represented the landlord, Boca Raton-based CP Group.
CP Group, led by Angelo Bianco and Chris Eachus, and New York-based DRA Advisors, led by David Luski, own the 1.7 million-square-foot BRiC. In 2021, DRA paid $320.2 million for a stake in the campus at 5000 T-Rex Avenue in Boca Raton.
Originally developed in the 1960s by IBM for its research and development, BRiC is undergoing a $100 million renovation that includes the addition of spec suites part of CP Group’s worCPlaces flexible office portfolio, a Boca Raton Regional Hospital-managed wellness center, an autonomous grand-and-go store, two coffee shops, two gyms and indoor/outdoor event space, the release says.
CP Group and DRA Advisors are expected to redevelop BRiC into a mixed-use complex with multifamily, retail, dining, entertainment and a grocery store. Boca Raton officials approved BRiC’s rezoning in 2023.
Ripco Real Estate | Miami
Commercial real estate brokerage Ripco Real Estate moved its Miami office from Brickell to Wynwood.
Ripco, which has 15 staff members in South Florida, leased 5,200 square feet at the Gateway at Wynwood building at 2916 North Miami Avenue, according to Tony Pavli, Ripco Florida managing partner. The space is larger than Ripco’s previous 3,900-square-foot office at 1221 Brickell Avenue.
The new office will accommodate future employee growth and is more central to Ripco’s markets, Pavli said.
New York-based Ripco first opened a Miami office in 2021, seizing on the influx of New Yorkers and other out-of-staters to South Florida. The in-migration fueled a market boom fueled by an office leasing frenzy and rent growth.
Ripco’s business lines include landlord and tenant representation for retail leasing, investment sales across asset classes, and debt and equity advisory service. Last year, Ripco acquired Miami-based retail brokerage Acre, which has four brokers.
San Diego-based Cire Equity, led by Joshua Volen and Trevor Smith, owns the 12-story Gateway at Wynwood and adjacent one-story bank building at 2830 North Miami Avenue. In August, Cire acquired the $89.6 million credit bid for the property from A10 Capital, as special servicer for the property’s loan.
Gateway’s developer, R&B Realty, completed the project in 2021 and then faced foreclosure over an allegedly $112.9 million delinquent mortgage. After the lender won a summary judgment in state court, R&B filed for Chapter 11 reorganization. Though R&B was given a final chance to refinance the loan, it failed to reach a deal and lost the property to Cire in bankruptcy court.
Given Gateway’s recent financial woes, rents at the building likely are lower than in Brickell.
Morgan Motor Company | Aventura
British automaker Morgan Motor Company opened its first U.S. showroom at Aventura Mall.
Morgan Fort Lauderdale, the British automaker’s Fort Lauderdale dealership, in partnership with Morgan Motor Company, leased 1,000 square feet at the mall, according to the tenant’s news release. The show room is called TxtCharlie.
Turnberry, led by Jackie Soffer, and Simon Property Group, led by David Simon, own Aventura Mall at 19501 Biscayne Boulevard in Aventura.
Club Studio | Miami
Gym Club Studio opened at the 27-acre Miami Worldcenter mixed-use complex.
Club Studio opened in a 38,000-square-foot space at 850 Northeast Second Avenue, where it will offer HIIT-style training, boxing, cycling, hot yoga and reformer-based Pilates, according to a Miami Worldcenter news release.
Miami Worldcenter Associates, led by Art Falcone and Nitin Motwani, in partnership with Los Angeles-based CIM Group are the master developers of the $6 billion Miami Worldcenter, which is at the intersection of downtown Miami and the city’s Park West neighborhood.
Reforming Pilates | Miami
Reforming Pilates will open at Mary Brickell Village retail center in Miami’s Brickell.
The Pilates studio leased 1,500 square feet at 58 Southwest 10th Street, where it will open in January, according to a press release.
Genevieve and Daniel Ross founded Reforming Pilates in 2022 in Bay Harbor Islands, expanding it to Miami Beach, Fort Lauderdale and Boca Raton.
Kimco Realty, the Jericho, New York-based REIT, owns the 200,000-square-foot Mary Brickell Village that’s on a 5.2-acre site at 900 and 901 South Miami Avenue and 911 Southwest First Avenue. Kimco assumed ownership of the complex last year after acquiring New York-based real estate investment trust RPT Realty in a $2 billion deal. RPT had paid $216 million for Mary Brickell Village.
Cava, Miniso, Yoga Joint | Kendall
Kimco Realty scored three tenants at its Palms at Town and Country shopping center in Kendall.
In the first quarter, Mediterranean restaurant Cava will open in a 2,700-square-foot space; and home goods, toys and accessories retailer Miniso will open a 7,000-square-foot store, according to Kimco’s news release. Yoga Joint leased 5,400 square feet at the shopping center, where it will open in the second quarter.
The 80-acre Palms at Town and Country on the northeast corner of Southwest 88th Street and the Florida Turnpike in unincorporated Miami-Dade County. Recently, it also signed Starbucks and Barnes & Noble.
Kimco, a Jericho, New York-based real estate investment trust, is led by Conor Flynn.
Nason Yeager Gerson Harris & Fumero | Palm Beach Gardens
Nason Yeager Gerson Harris & Fumero is staying put at the Seacoast Banking Center, opting to increase its office space.
The law firm renewed its existing 18,400-square-foot lease and added another 5,400 square feet of contiguous office space at 3001 PGA Boulevard in Palm Beach Gardens, according to a news release from the tenant’s broker. The firm, founded in 1960, has corporate, real estate, environmental and litigation practices.
Lawrence Epstein and Michael Wernick of Savills represented Nason Yeager. Chris Smith of CBRE represented the landlord.
Last year, Owens Realty Capital and Galium Capital sold the Seacoast Banking Center for $30.3 million. An Owens news release issued at the time identified the buyer as Andiamo Capital, which is different from blockchain venture fund with the same name but declined to provide additional details. Records show the purchasing entity ties to Toronto, Canada-based Roadmap Capital.
Play Sporting Lounge | Doral
A dining and sports entertainment center will open at CityPlace Doral.
Play Sporting Lounge leased 12,000 square feet and an expansive outdoor patio at 3450 Northwest 83rd Avenue in Doral, where it will open in December, according to the tenant’s news release. The venue will include two indoor/outdoor bars, a patio with games such as bocce and corn hole, seven live sports simulator suites, three digital dart lanes, 60 TVs and a stage for live entertainment.
Baltimore-based Continental Realty Group bought the retail portion of the mixed-use CityPlace Doral in June for $87.5 million from PGIM Real Estate. Related Group and Shoma Group completed development of the roughly 18-acre CityPlace Doral in 2017.
Rimadesio | Miami
An Italian furniture and architectural systems brand opened a showroom in Miami’s Edgewater neighborhood.
Rimadesio leased 3,000 square feet at 2601 Biscayne Boulevard for its flagship Miami outpost, according to the tenant’s news release. The showroom will host its grand opening on Nov. 12.
Davide Malberti is Rimadeio’s Italy CEO and Andrea Romano is the brand’s U.S. CEO.
Records show an entity managed by Leandro Payro owns the Edgewater building.
Florida Room | Fort Lauderdale
Husband-and-wife chefs Jeff McInnis and Janine Booth opened a new Southern comfort food restaurant in Fort Lauderdale.
Florida Room opened in a 4,000-square-foot space that includes an indoor and outdoor bar at 891 Southwest 34th Street within The Fort recreational center, according to the tenant’s news release. The city-owned Fort includes pickleball courts.
McInnis and Booth’s other culinary ventures include Root & Bone. Root & Bone’s closed its South Florida outpost in South Miami last year.
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