NEWS

PORT ST. LUCIE, FL (August 22, 2025) – Lee & Associates South Florida Principal C. Todd Everett, SIOR, brokered the $3.8 million sale of a single-tenant industrial property in Port St. Lucie, Florida. Everett represented seller 8300 LTC Parkway, LLC in the transaction. The buyer, 83 Hundred LTC, LLC, acquired the property as part of a 1031 Exchange. The transaction closed on Aug. 19, just over 60 days after the property was first listed. Located…

‘Tenants Get Break From Soaring South Florida Costs With Rent Tax Repeal’ By Chloe Gallivan –  BisNow August 20th, 2025   Companies leasing office, retail and industrial space in South Florida have endured some of the fastest-rising commercial rents in the nation, but starting in October, their real estate costs will actually go down. The state passed a law this summer that repeals its 2% annual tax on commercial rents, which takes effect Oct. 1. In…

FORT MYERS, FL (August 15, 2025) – Lee & Associates South Florida Principal Greg Milopoulos and Senior Vice President Christian Baena represented both sides in the $6 million off-market sale of an industrial property in Fort Myers. Milopoulos and Baena worked with Lee & Associates counterparts in the Fort Myers market to ensure a favorable outcome for both parties in the transaction. The duo, along with Adam Bornhorst and Derrick Bornhorst of Lee & Associates…

Greg Milopoulos & Christian Baena Team Honored as 2025 GlobeSt Influencers in Industrial Real Estate. GlobeSt names their top picks for Industrial Influencer across US markets that serve the industry by navigating new trends in Industrial real estate.   August 14, 2025   Lee & Associates South Florida’s Milopoulos & Baena Team The honored Lee & Associates South Florida team, led by Principal Greg Milopoulos and SVP Christian Baena, has made a significant impact on…

FORT LAUDERDALE, FL (July 31, 2025) – Lee & Associates South Florida Principal Greg Milopoulos and Senior Vice President Christian Baena again demonstrated what distinguishes the duo from other commercial real estate brokers in the South Florida market. Milopoulos and Baena concurrently brokered a sale and lease at the same industrial property in Pompano Beach, Florida. The 45,000-square-foot industrial building at 1290 SW 30th Ave. was sold for $8.65 million to Alliance HP Investments, LLC….

MIAMI, FL (July 24, 2025) – Tulip Developments Group is proud to announce that its Edgewater development site has received approval from the City of Miami for a transformative 47-story residential tower under Florida’s Live Local Act. The project, located at 3350 Biscayne Boulevard and 234-264 NE 34th Street, will deliver 499 luxury and workforce housing rental units, reinforcing the city’s commitment to inclusive urban growth. Originally envisioned as a mixed-use high-rise, the development has…

‘Commercial real estate welcomes new users, vacancies low’ By Janetsy Lugo –  Miami Today July 24th, 2025   Doral’s commercial real estate remains strong as the city welcomes new users seeking its prime location. Doral’s commercial real estate has remained steady, said Carlos Villanueva, district sales manager for the Coral Gables and Coconut Grove office at the Keyes Company. Demand in the city remains strong due to its geography, access to roadways and agglomeration. “You look…

Lee & Associates South Florida Q2 Report: Industrial Vacancies Jump Significantly Year-Over-Year   Region’s office, multifamily and retail sectors maintain strength in second quarter of 2025   MIAMI, FL (July 22, 2025) – South Florida’s industrial market experienced a surge in vacancies during the second quarter of 2025, according to Lee & Associates South Florida’s Q2 2025 market report. The region’s office, multifamily and retail sectors largely mirrored year-over-year trends from the previous quarter, however.

Big News for Commercial Property Owners: New Legislation Supercharges Cost Segregation Benefits   July 10, 2025 A major legislative win for property owners includes provisions that significantly amplifies the benefits of Cost Segregation for commercial real estate owners. On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, marking a significant shift in U.S. tax policy. Among its many provisions, the law permanently reinstates 100% bonus depreciation for qualified…