MIAMI - Jones Lang LaSalle has been hired to lease landmark Miami office building Courthouse Tower. The firm’s Jorge Morales and Jeff Sharmat will lead leasing efforts on behalf of the building’s owner, private equity group Courthouse Tower LLC.

The 161,000sf Courthouse Tower stands 26 stories and is on prestigious West Flager Street in downtown Miami. It is located across from the courthouse and government buildings and is close to key mass transit systems.

FORT LAUDERDALE - Wachovia Tower at One East Broward, a landmark 19-story office tower commanding the western gateway to downtown Fort Lauderdale, is set for a series of key improvements as much anticipated work begins on a dramatic renovation of the building’s lobby and entry profile.

The property’s ownership structure and finance arrangements have been successfully reorganized by Kennedy Wilson Properties, a division of international real estate investment and services company Kennedy Wilson.

MIAMI - 2009 was a year of transition for the Miami office market. After the sudden downturn of the real estate market in late 2007 and the subsequent credit crunch in 2008, 2009 was a year marked with additional space coming to the market and landlords attempting to remain competitive in pricing.

WEST PALM BEACH - The Palm Beach County office market has felt the effects of the current economic downturn. Palm Beach County continues to experience modest leasing activity well below the frenetic pace of deals during the period of the peak 2006-2007 time frame.

New construction of office product has come to a halt, and many of the planned projects that were anticipated to start in 2009 have been placed on hold for the foreseeable future.