{"id":1004051891,"date":"2011-09-09T06:38:57","date_gmt":"2011-09-09T14:38:57","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=16548"},"modified":"2022-12-08T09:53:36","modified_gmt":"2022-12-08T17:53:36","slug":"1450-brickell-leading-commercial-market-recovery","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/1450-brickell-leading-commercial-market-recovery\/","title":{"rendered":"1450 Brickell Leading Commercial Market Recovery"},"content":{"rendered":"<p>By Georgiana Mihaila, Associate Editor<\/p>\n<p>According to a recent report by CB Richard Ellis, Florida\u2019s commercial property market will continue to recover at a slow and steady pace, with Miami-Dade County leading the way in new activity. The report shows that the area\u2019s vacancy rates are still in the double-digit range\u2014around 20 percent\u2014yet the real estate experts at CB Richard Ellis are confident that the remainder of 2011 will bring more leasing and sales activity, paving the way for a steady recovery over the next five years.<\/p>\n<p>However, the attention is directed mainly toward two large office towers that have emerged in downtown Miami\u20141450 Brickell and the Wells Fargo Financial Center\u2014with the office market being shadowed by the two new towers, leading to an increasingly<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/09\/1450-Brickell.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-16549\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/09\/1450-Brickell.jpg\" alt=\"\" width=\"187\" height=\"300\" \/><\/a> fragmented market. Both 1450 Brickell and the Wells Fargo Financial Center had a strong start in 2010, taking in a large wave of tenants in their very first months on the market.<\/p>\n<p>1450 Brickell, a 582,817-square-foot Class A office tower in Miami\u2019s Brickell Financial District, will now serve as regional headquarters for global insurance broker Willis of Florida Inc., who plans on relocating its Latin American operations to the 35-story tower.\u00a0With Willis as its newest multinational corporate tenant\u2014signing a long-term lease for 18,875 square feet\u20141450 Brickell is now 70 percent occupied; other blue-chip tenants of the first LEED Gold certified Class A office building in Miami\u2019s Downtown\/Brickell district include JP Morgan Chase, BNY\/Mellon, American Express, law firm Bilzin Sumberg, commercial real estate services firm Holliday Fenoglio Fowler LP, law firm Berger Singerman, Spanish financial institution Bancaja, City National Bank, executive search firm Korn\/Ferry International and private investment firm H.I.G. Capital.<\/p>\n<p>According to Tere Blanca, president and CEO of Blanca Commercial Real Estate\u2014which represented landlord 1450 Brickell LLC and Rilea Group in the transaction, assisted by Danet Linares\u2014this recent lease firmly establishes \u201cthe building&#8217;s standing as the market&#8217;s premier Class A office tower.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Georgiana Mihaila, Associate Editor<br \/>\nAccording to a recent report by CB Richard Ellis, Florida\u2019s commercial property market will continue to recover at a slow and steady pace, with Miami-Dade County leading the way in new activity. The report shows that [&#8230;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1492,21742],"tags":[],"class_list":["post-1004051891","post","type-post","status-publish","format-standard","hentry","category-miami","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>1450 Brickell Leading Commercial Market Recovery - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/1450-brickell-leading-commercial-market-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"1450 Brickell Leading Commercial Market Recovery\" \/>\n<meta property=\"og:description\" content=\"By Georgiana Mihaila, Associate Editor According to a recent report by CB Richard Ellis, Florida\u2019s commercial property market will continue to recover at a slow and steady pace, with Miami-Dade County leading the way in new activity. The report shows that [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/1450-brickell-leading-commercial-market-recovery\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-09-09T14:38:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T17:53:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/09\/1450-Brickell.jpg\" \/>\n<meta name=\"author\" content=\"Amalia Otet\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/1450-brickell-leading-commercial-market-recovery\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/1450-brickell-leading-commercial-market-recovery\/\",\"name\":\"1450 Brickell Leading Commercial Market Recovery - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/1450-brickell-leading-commercial-market-recovery\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/1450-brickell-leading-commercial-market-recovery\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/09\/1450-Brickell.jpg\",\"datePublished\":\"2011-09-09T14:38:57+00:00\",\"dateModified\":\"2022-12-08T17:53:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9f6a1043b1429cf8ff129c75614caa73\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/1450-brickell-leading-commercial-market-recovery\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/1450-brickell-leading-commercial-market-recovery\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/1450-brickell-leading-commercial-market-recovery\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/09\/1450-Brickell.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/09\/1450-Brickell.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/1450-brickell-leading-commercial-market-recovery\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"1450 Brickell Leading Commercial Market Recovery\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9f6a1043b1429cf8ff129c75614caa73\",\"name\":\"Amalia Otet\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g\",\"caption\":\"Amalia Otet\"},\"description\":\"Amalia Otet leads publishing and content for Yardi products, where she turns real estate data and market trends into stories that inform and inspire. 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