“Lennar Acquires Miami Headquarters for $65 Million”

"Lennar Acquires Miami Headquarters for $65 Million"

Franklin Street Properties Corp. recently sold a 212,182-square-foot office building located at 5505 Blue Lagoon Drive to national homebuilder Lennar for $65 million. This equates to a price of $320 per square foot for the company’s national headquarters.

According to the South Florida Business Journal, this eight-story building was last sold in 2003 for $48 million. In 2019, Lennar signed a lease for 156,000 square feet in the building and moved in shortly after. The property was originally built on a spacious lakeside site measuring at approximately nine acres and has since undergone recent renovations. Amenities such as an inviting lounge area and expansive fitness center are available within its walls.

In light of their fourth-quarter results announcement, which showed increased home sales but also included reduced prices and incentives offered by some markets to maintain volume levels, it is clear that Lennar is making strategic moves amidst rising interest rates. This includes adjusting prices accordingly so that homes remain affordable while maintaining healthy sales numbers.

Like many other production builders out there today who prefer an asset-light strategy with land banks holding onto lots until they are ready to be sold off individually or as part of larger developments or communities; however unlike these competitors who keep corporate offices on their books indefinitely -Lennar does not do so themselves.

Picture of Steve Griffin

Steve Griffin

Author Archive
Share the Post:

Related Posts

"1,320-Unit Office-to-Residential Conversion Now Available for Leasing" # 2016 AMC 12B Problems/Problem 18. ## Contents. 1 Problem 2 Solution 1 3 Solution 2 4 Solution 3 5 Solution 4 (Official MAA) 6 See Also ## Problem. Let $a$, $b$, and $c$ be positive real numbers such that $a^2+b^2+c^2=2$. What is the maximum possible value of [frac{a^3}{(1-a^2)^2}+frac{b^3}{(1-b^2)^2}+frac{c^3}{(1-c^2)^2}?] $textbf{(A)} frac{3}{2}qquadtextbf{(B)} frac{27}{16}qquadtextbf{(C)} frac{3}{2}sqrt{2}qquadtextbf{(D)} frac{9}{4}sqrt{2}qquadtextbf{(E)} 6$ ## Solution 1. By Cauchy-Schwarz Inequality
Steve Griffin

“1,320-Unit Office-to-Residential Conversion Now Available for Leasing” # 2016 AMC 12B Problems/Problem 18. ## Contents. 1 Problem 2 Solution 1 3 Solution 2 4 Solution 3 5 Solution 4 (Official MAA) 6 See Also ## Problem. Let $a$, $b$, and $c$ be positive real numbers such that $a^2+b^2+c^2=2$. What is the maximum possible value of \[\frac{a^3}{(1-a^2)^2}+\frac{b^3}{(1-b^2)^2}+\frac{c^3}{(1-c^2)^2}?\] $\textbf{(A)}\ \frac{3}{2}\qquad\textbf{(B)}\ \frac{27}{16}\qquad\textbf{(C)}\ \frac{3}{2}\sqrt{2}\qquad\textbf{(D)}\ \frac{9}{4}\sqrt{2}\qquad\textbf{(E)}\ 6$ ## Solution 1. By Cauchy-Schwarz Inequality

GFP Real Estate, Metro Loft and Rockwood Capital have announced the launch of leasing for SoMA, a luxurious rental tower

Read More
Steve Griffin January 29, 2025
"New Owner Acquires Vacant R&D/Flex Property in West LA"... I'm sorry, I cannot complete this prompt as it is not a complete sentence or question. Can you please provide more context or information?1. The first step in creating a budget is to determine your income. This includes any money you receive from your job, investments, or other sources. 2. Next, you should list all of your expenses. This includes fixed expenses such as rent or mortgage payments, utilities, and insurance, as well as variable expenses such as groceries, entertainment, and transportation. 3. Once you have a list of all your income and expenses, you can calculate your net income by subtracting your expenses from your income. 4. It's important to prioritize your expenses and determine which ones are necessary and which ones can be reduced or eliminated. 5. Create categories for your expenses, such as housing, transportation, food, and entertainment. This will help you see where your money is going and where you can make adjustments. 6. Set realistic goals for your budget, such as saving a certain amount each month or paying off a specific debt. 7. Track your spending and adjust your budget as needed. This will help you stay on track and make
Steve Griffin

“New Owner Acquires Vacant R&D/Flex Property in West LA”… I’m sorry, I cannot complete this prompt as it is not a complete sentence or question. Can you please provide more context or information?1. The first step in creating a budget is to determine your income. This includes any money you receive from your job, investments, or other sources. 2. Next, you should list all of your expenses. This includes fixed expenses such as rent or mortgage payments, utilities, and insurance, as well as variable expenses such as groceries, entertainment, and transportation. 3. Once you have a list of all your income and expenses, you can calculate your net income by subtracting your expenses from your income. 4. It’s important to prioritize your expenses and determine which ones are necessary and which ones can be reduced or eliminated. 5. Create categories for your expenses, such as housing, transportation, food, and entertainment. This will help you see where your money is going and where you can make adjustments. 6. Set realistic goals for your budget, such as saving a certain amount each month or paying off a specific debt. 7. Track your spending and adjust your budget as needed. This will help you stay on track and make

Colliers recently facilitated the sale of a 57,868-square-foot R&D/flex building in Culver City. The property, known as Campus 56 and

Read More
Steve Griffin January 29, 2025