Hires and promotions at Franklin Street, Avatar, Colliers, Blanca and more

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May 26, 2016

Cary Cohen joined Blanca Commercial Real Estate as executive vice president. Cohen will oversee the company’s investment sales practice group. He previously led the Florida operations for Flagler Real Estate Services’ asset solutions group.

Habitat For Humanity Of Greater Miami To Host Inaugural ‘HARD Hats And High Heels’ Cocktail Reception And Fundraiser 6/2/16

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May 16, 2016

Habitat For Humanity Of Greater Miami To Host Inaugural ‘HARD Hats And High Heels’ Cocktail Reception And Fundraiser Thursday, 06/02/2016 – 06/02/2016 05:30pm – 08:00 pm 2025946East Hotel at Brickell City Centre 788 Brickell Plaza, Miami, Florida 33131 RSVP / Register Cost: $50 before May 31, including complimentary valet parking; $75 after May 31

As part of its celebration of its 1,000th home built and 25 years of service to the Miami community, Habitat for Humanity of Greater Miami will serve as host to a cross-section of Miami’s professional, social and philanthropic leaders at the inaugural “Hard Hats and High Heels” cocktail reception and fundraiser. The event is being organized by Blanca Commercial Real Estate Vice Chairman Danet Linares and Habitat Miami’s Women’s Leadership Council; its goal is to raise funds for the organization’s efforts to build affordable housing for low-income Miami-Dade families, and recruit a new demographic and generation of volunteers.

Tenants falling into place at Two MiamiCentral

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May 13, 2016

When Florida East Coast Industries announced a few years ago that it would build two office buildings as part of its passenger rail station in downtown Miami, the prospects for landing tenants were uncertain because the office market was just bouncing back. But about a year before Two MiamiCentral is slated to open, the project is off to a good start. Blanca Commercial Real Estate CEO Tere Blanca said it’s more than 50 percent preleased. Accounting and consulting firm Ernst & Young will occupy 23,000 square feet after relocating from Miami Center, Regus leased 20,000 square feet for a business center, and FECI will move its headquarters, currently in Coral Gables, into 20,000 square feet in the new building.

Blanca said she plans to announce additional leases soon, including some for companies new to the market.

“For a corporation, a top priority is to attract and retain top talent,” she said. “And by being in a location with connectivity to South Florida, and eventually to Orlando in three hours, you open your ability to connect to an entire region.”

By 2017, the Brightline passenger rail should connect the station at MiamiCentral to Fort Lauderdale in a half-hour and West Palm Beach in an hour. Blanca noted the office building will also have easy access to Interstate 95 via Eighth Street, with few intersections in between. The other amenities in the project, such as the 180,000 square feet of restaurants and retail, also makes it more appealing to tenants who want to stay on-site for their daily needs, she said.

FECI also plans to build 90,000 square feet of office space at Three MiamiCentral. Blanca declined to say how much that building is preleased.

“There is tremendous activity in the Miami downtown market,” Blanca said. “We are seeing a continuous flow of new companies entering the market. They are moving from out of state or opening new regional locations.”

560: Net increase in new condos sold in Q1, up from 302 in Q4

4,354: Inventory of new condos on the market

76%: Percentage of new condo units started in 2011 or later that sold

18: Condo projects with less than 50 percent of units presold.