Year in Review: Top South Florida Office Sales in 2021
Two players that dominate the list are New York-based Related Companies, headed by Stephen Ross, which is the biggest office landlord in West Palm Beach by a long shot, and Boca Raton-based CP Group, which made a number of trades this year in both directions.
Air Filters and Outdoor Spaces: Office Costs Rise as Workers Return
Maintaining those spaces will mean additional costs, like heat or cooling, but Angelo Bianco, CP Group’s managing partner, said his company was adding outdoor lounge space “to every building we own.” Some new designs focus on flexible indoor-outdoor spaces, like an airy lobby coffee shop with indoor seating and garage-door type walls that can be opened to patio space.
CP Group has new partner at BRiC
The new partner in the joint venture is DRA Advisors, a New York-based real estate investment company with $11.2 billion in assets under management. Though news reports said DRA had bought the 123-acre, 1.7 million-square-foot complex where IBM developed the personal computer, CP Group Managing Partner Angelo Bianco called the transaction a “recapitalization,” not a sale.
This Boca Raton property, poised for 1,000 new residences, just received a ‘staggering’ $320 million deal
South Florida just saw its biggest office deal of the year with a huge investment into an office campus in Boca Raton — a gem of land that could be transformed into a destination with 1,000 new residences, as well as stores, restaurants and a hotel.
The Story Behind Florida’s Largest Office Complex
In an interview with Commercial Property Executive, Angelo Bianco, managing partner at CP Group, and Michael Perrette, the campus’ general manager, share their vision for Boca Raton Innovation Campus and reveal why Industry City was a challenge on a similar scale.
Boca Raton: Property owner readies tech-friendly ideas for Innovation Campus
Nearly four years after the City Council effectively killed Crocker Partners’ ambitious plan to create a Midtown office, retail and residential development, the company has a new, equally ambitious plan to revitalize the former IBM campus.
CP Group Secures Long-term Lease Agreement Months After Purchasing One Overton Park
CP Group announced that CBIZ – a leading provider of financial, insurance, and advisory services – has signed a long-term lease extension for approximately 20,000 square feet of office space at One Overton Park in Atlanta’s Cumberland submarket.
CP Group Signs Four New Leases at One Boca Place Within 60 Days
CP Group sees boost in leasing at iconic Boca office building shortly after completing comprehensive renovation program
CP Group Commits to Reduce Carbon Emissions to Net Zero By 2050
The goal by national office owner-operator is part of a ULI Greenprint initiative and marks the latest in a series of ESG-focused projects launched in 2021
CP Group Hires Ryan Zader As Senior Vice President to Oversee Denver and Phoenix Markets
The appointment of the experienced CRE executive comes weeks after the national office landlord purchased a prominent downtown Denver office tower
