Blanca’s New Firm Gets Off to Fast Start with 1450 Brickell Assignment

Miami commercial property veteran Tere Blanca’s new services firm looks to be coming out of the gate quickly, despite the industry’s current slump. Just weeks after she launched Blanca Commercial Real Estate, the company landed the exclusive leasing duties for 1450 Brickell, a Class A office tower currently under construction in Miami’s Brickell financial district.Being developed by Rilea Group, the 586,000-square-foot 1450 Brickell is set for completion in the first quarter of 2010, and will become the first Miami office to be LEED Gold-certified for sustainability. For Rilea, tapping Blanca Commercial to oversee leasing was motivated by the past history and success in the Miami market of president & CEO Tere Blanca and executive vice president Danet Linares, both of whom are regarded as among the top industry professionals in South Florida. “Blanca Commercial Real Estate’s market expertise, coupled with the business relationships that Ms. Blanca and Ms. Linares have developed during their careers, were important factors in our decision to select the firm as the leasing and marketing agent for 1450 Brickell,” noted Rilea CEO Alan Ojeda. Prior to striking out on her own, Blanca headed up the Florida branch of services firm Cushman & Wakefield, where she grew the leasing and property management operations from 3.5 million to 10 million square feet. Linares, who joined Blanca Commercial upon its launch in early April, was formerly senior vice president & director of real estate services with Foram Group, the Miami firm that is building Brickell Financial Center, another office tower that is part of the Brickell submarket’s recent building boom. The area is now among the most popular in the country for international financial and banking institution offices. And though 1450 Brickell has yet to land any tenants and is being built at a time when a number of projects are being stalled by financing difficulties, Rilea’s Ojeda was confident that the development would avoid major problems. He cited a “diverse group” of banks having already issued long-term financing for the project.