FLORIDA’S TOP LEASING BROKERS ...CONTINUED
Company Area Leaders Total SF of Leases Closed Number Completed Total Dollar Value
6. Transwestern Walter Byrd 2,022,240
117
$151.62 Million
7. The Shopping Center John Dottore 2,020,000
Group LLC
201
$207 Million
8. CLW Real Estate Doug Rothschild, 1,997,035
Services Group Lou Varsames
189
$154.6 Million
9. CresaPartners Barbara 1,430,000
Liberatore Black
103
$322 Million
10. UGL Services – Todd Brandon 1,413,782
Equis Operations
185
$81.85 Million
1
CB Richard Ellis
AREA LEADER
MARY JO EATON, Senior Managing Director
Total Dollar Volume of Sales Closed: $1,840,851,114
CBRE was behind one of the largest trades of a garden apartment
complex in South Florida last year and the highest per-unit sale in
three years: the sale of the 481-unit Alexan Solero in Plantation, FL.
While the terms were guarded, GlobeSt.com reported a sales price of
$104 million, or about $217,000 per unit. What’s more, according to
Robert Given, who negotiated the deal with his CBRE team, the ROI
for buyer Invesco Real Estate couldn’t be more promising, with a 5%
average rental growth expected for the area over the next few years.
Record breakers weren’t confined to multifamily. CBRE’s National
Retail Investment Group boasted some bell ringers of their own,
including the sale to RREEF of the 299,100-square-foot London
Square in Kendall, FL. The $95.3-million price tag reportedly made
it the largest open-air shopping center sale since 2008.
Marcus & Millichap Real Estate
Investment Services
2
AREA LEADER
GENE A. BERMAN, Senior Vice President and Managing Director
Total Dollar Volume of Sales Closed: $1,700,000,000
The Florida team of Marcus & Millichap was busy last year, taking
down 347 transactions totaling just over 14. 1 million square feet. The
largest deal they orchestrated was the $43.5-million Yacht Club at
Heritage Harbour, in Bradenton. That 28-acre, 20-building multifamily community, which was built in 2007, sold for $110,969 per unit.
The group’s multifamily team, called JBN of Marcus & Millichap,
worked on the deal for the seller, Bainbridge Communities. It was led
by Jamie May, a senior director, and Matt Mitchell, both part of the
firm’s Institutional Property Advisors group. New York City-based
TGM Associates acquired the asset.
www.reforum.com
SALES
TOP-PRODUCING SALES BROKERS
ROBERT GIVEN
Executive VP, Miami
SHELTON GRANADE
Senior VP, Orlando
CHRISTIAN LEE
Vice Chairman, Miami
For all of 2010, CBRE’s Florida offices closed 101 property trades,
accounting for an aggregate 23. 4 million square feet of real estate. As
is true in so many regions around the country, senior managing
director Mary Jo Eaton remembers last year as the start of recovery in
the Sunshine State. “Although market dynamics have begun to
improve slowly,” she states, “the road to recovery is projected to be a
steady climb. After several years of cost cutting in all sectors of businesses, companies are feeling more confident, with many even
announcing plans for hiring in 2011.”
TOP-PRODUCING SALES BROKERS
STILL HUNTER III
SVP, Investments
Fort Lauderdale
EVAN P. KRISTOL
SVP, Investments
Fort Lauderdale
JAMIE B. MAY
Sr Dir., Institutional
Property Advisors, Tampa
There could be more transactions like this for the firm on the
horizon. “An improving economy and jobs picture has sparked
demand in Florida,” says Gene Berman, SVP and managing director.
He expects improvements in vacancy and rents in this year in Miami-Dade’s multifamily sector. A tourism uptick is helping the Orlando
area, which will continue its recovery into 2012.
APRIL 2011 REAL ESTATE FORUM 25
