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Stiles Closes on $4.3MM Purchase of 12-Acre Parcel at Cainhoy In Charleston, S.C.
June 7, 2018
About Stiles Established in 1951, Stiles is a full-service real estate development firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. The company is responsible for more than 43 million square feet of office, residential, industrial, retail and mixed-use projects throughout the southeastern United States. Headquartered in Fort Lauderdale, Stiles maintains regional offices in Miami, West Palm Beach, Naples/Fort Myers, and Orlando, Florida, as well as a development office in Charlotte, North Carolina. Learn more about Stiles at stiles.com. About Cainhoy The 9,000-acre Cainhoy property is being planned and developed as a new master-planned, mixed-use community located within the City of Charleston and Berkeley County. Cainhoy was annexed into the City of Charleston over 20 years ago as an integral part of the city’s growth plan and serves as a key connection between Mount Pleasant and Charleston. An estimated $250 million in infrastructure funding (schools, roads, bridges, sewer, water) by the city, county, state and federal governments is in place. Many of these improvements are underway or completed to support growth on the peninsula and surrounding areas. Bordered by both the Wando and Cooper rivers, development plans call for the creation of a new “town” where innovative trails will connect people to rivers, creeks, parks, and marshlands, as well as neighborhoods, schools and a vibrant village. Conservation-minded planning principles will incorporate and enhance the land’s distinctive natural and cultural resources and over 50% of the property will remain undeveloped natural areas. With approved zoning for residential neighborhoods, schools, retail and commercial, Cainhoy will become a significant submarket within Charleston…the city’s last “borough.” The property is fully entitled for as many as 18,000 homes, although approximately half that number is anticipated to be built. The community’s first public school, Philip Simmons Elementary and Middle School opened to Cainhoy area students August 2016 and the Philip Simmons High School opened August 2017. The Guggenheim family and family interests continue their ownership of this land of which they have been stewards for decades. They have engaged the development team responsible for Daniel Island to lead the vision and development of their property as a vibrant new residential community and a place of recreation and retreat for greater Charleston. About Publix Publix is privately owned and operated by its 188,000 employees, with 2016 sales of $34 billion. Currently Publix has 1,155 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia. The company has been named one of Fortune’s “100 Best Companies to Work For in America” for 20 consecutive years. In addition, Publix’s dedication to superior quality and customer service is recognized among the top in the grocery business. For more information, visit the company’s website, corporate.publix.com. ###
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Stiles to Develop 430,000-SF Retail Center Shops at Beacon Lakes
May 25, 2018
Stiles announced today the company has completed the $44 million acquisition of a 45-acre site where it plans to build The Shops at Beacon Lakes.
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Stiles Unveils Transformed 200 East Las Olas Class A Office Tower
May 14, 2018
Stiles announced today that it has completed a $2 million renovation and rebranding of 200 East Las Olas, a 21-story, mixed-use office tower in downtown Fort Lauderdale. Stiles, which owns, manages and leases the property along with a global real estate investment manager, recently completed a 10-month makeover modernizing the building’s interior common areas and exterior façade. Along with its new look, the tower has been renamed 200 East Las Olas, taking inspiration from the renowned street it fronts.
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CDB Aviation Enlists Stiles Realty
April 27, 2018
Stiles announced today that CDB Aviation Lease Finance DAC (“CDB Aviation”), a wholly owned subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), has enlisted Stiles Realty to lease its first U.S. headquarters to accommodate its regional business platform, CDB Aviation Americas LLC. The group, which specializes in the lease and finance of commercial aircraft, has leased an office at 515 East Las Olas Boulevard, also known as Las Olas Square.
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Stiles Wins Big at BOMA Southern Region TOBY Awards
April 12, 2018
Stiles Property Management announced today they won three regional TOBY® (The Outstanding Building of the Year) awards at the BOMA Southern Region Conference held on April 7th at the Margaritaville Hollywood Beach Resort in Hollywood, Fl. Stiles Property Management, a division of full-service real estate firm Stiles, is a leading provider of third-party commercial and facility management services throughout Florida.
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BBX Capital Real Estate and Stiles Joint Venture Complete the Sale of a Building at PGA Station in Palm Beach Gardens, FL
April 2, 2018
This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements and include, but not limited to, words or phrases such as "plans," "believes," "will," "expects," "anticipates," "intends," "estimates," "our view," "we see," "would" and words and phrases of similar import. We can give no assurance that such expectations will prove to be correct. Future results could differ materially as a result of a variety of risks and uncertainties, many of which are outside of the control of management. These risks and uncertainties include, but are not limited to the impact of economic, competitive and other factors affecting the Company; risks relating to the Company's ability to successfully implement its currently anticipated business plans, which may not be realized as anticipated, if at all; that the Company's investments in real estate developments, either directly or through joint ventures, will increase exposure to downturns in the real estate and housing markets and expose it to risks associated with real estate development activities and the risk that its joint venture partners may not fulfill their obligations; that required regulatory entitlements to develop the property will not be obtained timely or at all; that the property will not be developed as currently planned and that the Company's investment in this or future real estate joint ventures may not achieve the returns anticipated or be profitable. In addition to the risks and factors identified above, reference is also made to other risks and factors impacting BBX Capital detailed in the Annual Report on Form 10-K, including Item 1A. Risk Factors, which is available to view on the SEC's website, www.sec.gov, or on BBX Capital's website, www.BBXCapital.com. The Company cautions that the foregoing factors are not exclusive.
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Mike Jackson Announces AutoNation’s Long-term Commitment to Fort Lauderdale
March 8, 2018
On Thursday, March 8, AutoNation Chairman, CEO & President Mike Jackson announced a long-term commitment for the company’s headquarters to continue to grow in downtown Fort Lauderdale. Jackson made the announcement at the Riverwalk Trust, Inc.’s tribute event, where he was honored for his contributions to the community.
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Stiles Construction Wins AGC Build Florida Awards for Pembroke Pines City Center Project
March 7, 2018
South Florida-based Stiles Construction announced today that they have been honored with a 2017 Build Florida Award by The Associated General Contractors of America, Inc., Florida East Coast Chapter (AGC FEC) for Excellence in Innovation on the Charles F. Dodge City Center Pembroke Pines.
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Miami Intermodal Center Wins Building of the Year
February 27, 2018
Stiles Property Management was recently honored by the Building Owners and Managers Association with a TOBY® (The Outstanding Building of the Year) award for the Miami Intermodal Center (MIC), a 19.3-acre transportation facility owned by the Florida Department of Transportation (FDOT).
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Miami Intermodal Center Wins Building of the Year; Spotlights Quality Management at Nation’s
February 27, 2018
Stiles Property Management was recently honored by the Building Owners and Managers Association with a TOBY® (The Outstanding Building of the Year) award for the Miami Intermodal Center (MIC), a 19.3-acre transportation facility owned by the Florida Department of Transportation (FDOT).
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110 East Broward in Downtown Fort Lauderdale Enlists Stiles for Capital Enhancement Program
February 12, 2018
Stiles Tenant Project Management has been named the exclusive construction management firm for 110 East Broward, a 343,296-square-foot office tower and retail complex in the heart of downtown Fort Lauderdale.
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Stiles|Hensler Mixed-Use Development Peabody Union Moves Forward
January 30, 2018
Nashville, TN-based Hensler Development Group and South Florida-based Stiles announced today that they will co-develop Peabody Union, a mixed-use, luxury commercial and residential project in Nashville, TN. Peabody Union will establish a new Design District on approximately five acres along the Cumberland River on the northern bluff of Rolling Mill Hill.
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