Las Vegas Sands has concluded that Broward County offers the right infrastructure to serve a casino and convention destination resort. The casino and convention center operator is equally interested in finding a site in Broward as much as it is looking in Miami-Dade County, according to Las Vegas Sands lobbyist Nick Iarossi.
Las Vegas Sands would need about 50 acres with easy access to main roads and highways and not necessarily on the waterfront, Iarossi said. He is a government consultant with Capital City Consulting in Tallahassee.
The Fort Lauderdale-Hollywood International and Palm Beach International airports could easily serve out-of-state visitors who would attend large conventions at a future Las Vegas Sands resort destination. Iarossi made the remarks before members of the Fort Lauderdale Chamber of Commerce, which hosted a casino forum today.
For either county, he said Las Vegas Sands envisions a resort that would include hotel rooms, a convention center, a performance hall, restaurants and retail space.
But he said the resort would not have enough rooms to serve a proposed convention center that would range in space between 500,000 square feet and 1 million square feet. Therefore, existing local hotels would benefit from an overflow of business from a Las Vegas Sands resort.
Iarossi said his client has yet to come up with a design for a casino destination. For now, Las Vegas Sands is waiting to see what happens with a bill to legalize casino gaming in Florida. The state Legislature plans to vote on the bill during its 2012 session starting in January.
The Florida Department of Revenue has decided to suspend its consideration of a sales tax on tenant improvements to commercial property.
For now, at least.
“We are not proceeding with the rule at this time,” DOR spokeswoman Renee Watters said Tuesday.
Commercial real estate brokers and development industry leaders opposed the tax, suggesting it had the potential to have a significant negative impact on the state’s economic comeback.
The Florida Gulfcoast Association of Realtors hosted a meeting of industry leaders and DOR officials in Tampa earlier this month.
Tenant improvements are any type of added or changed development to a real estate structure made to help a lessee conduct business. Industry officials were concerned that a tax would dampen tenants’ willingness to improve and expand their businesses, a key to Florida’s recovery.
Could the proposal return in the future? “That’s what ‘at this time’ generally means,” Watters said.
The state is facing a $2 billion budget shortfall in 2012.
The long-awaited $790 million runway expansion at Fort Lauderdale-Hollywood International Airport will have the Broward County Aviation Department departing its home on airport grounds.
The department recently signed a five-year lease with Boston-based Cabot Properties for 32,812 square feet at 2200 SW 45th Street in Dania Beach. The agency’s current office is in the path of the new runway, which will soar over U.S. 1.
The agency is expected to move into its new office, a former administrative office for Robb & Stucky, in the first quarter of next year.
Tom Viscount of Butters Realty & Management, John Halliday and J.C. Halliday of the Halliday Group and John Dohm of Infinity Commercial Real Estate brokered the transaction.
“The three brokerage firms worked together to get this lease completed, with each playing an integral role to help the Aviation Department meet its tight financial budget, which was good for the county, while delivering a top-notch government tenant to Cabot,” Viscount said. “It was a time-consuming and challenging transaction and could not have been done without the efforts and cooperation of everybody. Cabot was really willing to go the extra mile for the Aviation Department.”
Randy Johnson, Regional Director with Keystone Property Group, is now representing the leasing for 1200 Corporate Place, located at 1200 North Federal Highway in Boca Raton.
The building’s leasing efforts were being led by Robert Listokin and Peyton Moore of Colliers.
The four-story, 137,021-square-foot office building is 90% occupied, according to CRE-sources.
After a tenure of just over ten years with Liberty Property Trust, Randy Johnson joined Keystone as Regional Director back in July. He is responsible for the Southeast Region.
https://sfoba.com/wp-content/uploads/2011/11/randy-johnson.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2011-11-15 17:15:552011-11-15 17:15:55Randy Johnson Takes Over Leasing At 1200 Corporate Place
Jones Lang LaSalle recently announced that, effective November 1st, it has added top office broker, Noël Steinfeld, to its South Florida brokerage team.
Ms. Steinfeld will serve as Senior Vice President to the growing team and be based in Miami and join fellow Senior Vice President Glenn Gregory in the marketing and leasing of the firm’s newest Miami listing, 600,000-square-foot Brickell World Plaza, located at 600 Brickell Avenue.
Steinfeld brings 13 years of office landlord leasing experience to her new role at Jones Lang LaSalle. For the last six years, she served as First Vice President of Brokerage Services at CBRE, where in the last year alone she closed 30 transactions totalling nearly 300,000 square feet.
In addition to leasing Brickell World Plaza, Steinfeld will pursue additional landlord representation.
ComReal Fort Lauderdale also announced that it has brought Zach Wendelin on board as an Associate in its brokerage team.
Wendelin will be focused on landlord agency representation and tenant representation for clients in Broward County and Palm Beach County. He brings six years of market intelligence and experience in Broward and Palm Beach Counties.
Zach Wendelin joins ComReal after working at Jones Lang LaSalle, Cushman and Wakefield and Marcus & Millichap. Additionally, he was a Search and Rescue Swimmer in the U.S. Navy, serving overseas in Yokosuka , Japan .
He was awarded the 2008 “Rookie of the Year” and 2009 “Top Ten Broker” for Cushman & Wakefield in South Florida and has over one million square feet of leasing and sales experience.
https://sfoba.com/wp-content/uploads/2012/04/014.jpg6501000SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2011-11-09 19:42:422011-11-09 19:42:42On The Move: Noel Steinfeld & Zach Wendelin Make Changes
Michael Rauch leased 10,000 square feet of distribution and headquarters office space to Mark V Concepts, Inc., a New York-based company and major supplier to QVC. The property is located in Broward County in the Pompano Beach Gateway Industrial Park. Michael Rauch, senior partner of Rauch Hartman Scherer & Company, represented the landlord and tenant in the transaction.
Peter D. Reed, Principal of Commercial Florida Realty Services, closed a lease transaction with ITT Technical Institute, a leading private college focused on technology-oriented programs of study, for 20,000 SF at Hillsboro Center, located at 700 W. Hillsboro Blvd. in Deerfield Beach. Reed represented Parkway Properties, Inc. (NYSE symbol: PKY), the landlord of Hillsboro Center.
PEBB Enterprises of Boca Raton purchased the Sabadell United Bank Building, located at 1645 Palm Beach Lakes Blvd., and the Horizons Building, located at 1401 Forum Way. The combined purchase price was $14,250,000 for the two buildings, which total over 180,000sf.
And, in one of the top office transactions in Palm Beach County in recent years, a partnership led by Butters Group, has sold the Class A office building Boca Village Corporate Center, for $32.85 million to BVCC Corp. of Miami.
Las Vegas Sands Eyes Broward To Develop Casino Gambling Resort
/in News/by SFOBA STAFFLas Vegas Sands has concluded that Broward County offers the right infrastructure to serve a casino and convention destination resort. The casino and convention center operator is equally interested in finding a site in Broward as much as it is looking in Miami-Dade County, according to Las Vegas Sands lobbyist Nick Iarossi.
Las Vegas Sands would need about 50 acres with easy access to main roads and highways and not necessarily on the waterfront, Iarossi said. He is a government consultant with Capital City Consulting in Tallahassee.
The Fort Lauderdale-Hollywood International and Palm Beach International airports could easily serve out-of-state visitors who would attend large conventions at a future Las Vegas Sands resort destination. Iarossi made the remarks before members of the Fort Lauderdale Chamber of Commerce, which hosted a casino forum today.
For either county, he said Las Vegas Sands envisions a resort that would include hotel rooms, a convention center, a performance hall, restaurants and retail space.
But he said the resort would not have enough rooms to serve a proposed convention center that would range in space between 500,000 square feet and 1 million square feet. Therefore, existing local hotels would benefit from an overflow of business from a Las Vegas Sands resort.
Iarossi said his client has yet to come up with a design for a casino destination. For now, Las Vegas Sands is waiting to see what happens with a bill to legalize casino gaming in Florida. The state Legislature plans to vote on the bill during its 2012 session starting in January.
Source: DBR
Department of Revenue Pulls Tenant Improvement Tax
/in News/by SFOBA STAFFThe Florida Department of Revenue has decided to suspend its consideration of a sales tax on tenant improvements to commercial property.
For now, at least.
“We are not proceeding with the rule at this time,” DOR spokeswoman Renee Watters said Tuesday.
Commercial real estate brokers and development industry leaders opposed the tax, suggesting it had the potential to have a significant negative impact on the state’s economic comeback.
The Florida Gulfcoast Association of Realtors hosted a meeting of industry leaders and DOR officials in Tampa earlier this month.
Tenant improvements are any type of added or changed development to a real estate structure made to help a lessee conduct business. Industry officials were concerned that a tax would dampen tenants’ willingness to improve and expand their businesses, a key to Florida’s recovery.
Could the proposal return in the future? “That’s what ‘at this time’ generally means,” Watters said.
The state is facing a $2 billion budget shortfall in 2012.
Source: TBBJ
3 Firms Join Forces In 33K Broward Aviation Lease
/in Done Deals/by SFOBA STAFFThe long-awaited $790 million runway expansion at Fort Lauderdale-Hollywood International Airport will have the Broward County Aviation Department departing its home on airport grounds.
The department recently signed a five-year lease with Boston-based Cabot Properties for 32,812 square feet at 2200 SW 45th Street in Dania Beach. The agency’s current office is in the path of the new runway, which will soar over U.S. 1.
The agency is expected to move into its new office, a former administrative office for Robb & Stucky, in the first quarter of next year.
Tom Viscount of Butters Realty & Management, John Halliday and J.C. Halliday of the Halliday Group and John Dohm of Infinity Commercial Real Estate brokered the transaction.
“The three brokerage firms worked together to get this lease completed, with each playing an integral role to help the Aviation Department meet its tight financial budget, which was good for the county, while delivering a top-notch government tenant to Cabot,” Viscount said. “It was a time-consuming and challenging transaction and could not have been done without the efforts and cooperation of everybody. Cabot was really willing to go the extra mile for the Aviation Department.”
Randy Johnson Takes Over Leasing At 1200 Corporate Place
/in Done Deals/by SFOBA STAFFRandy Johnson, Regional Director with Keystone Property Group, is now representing the leasing for 1200 Corporate Place, located at 1200 North Federal Highway in Boca Raton.
The building’s leasing efforts were being led by Robert Listokin and Peyton Moore of Colliers.
The four-story, 137,021-square-foot office building is 90% occupied, according to CRE-sources.
After a tenure of just over ten years with Liberty Property Trust, Randy Johnson joined Keystone as Regional Director back in July. He is responsible for the Southeast Region.
Randy is officed in 1200 Corporate Place, a property acquired by Keystone for $15 million in June, 2011.
On The Move: Noel Steinfeld & Zach Wendelin Make Changes
/in News/by SFOBA STAFFJones Lang LaSalle recently announced that, effective November 1st, it has added top office broker, Noël Steinfeld, to its South Florida brokerage team.
Ms. Steinfeld will serve as Senior Vice President to the growing team and be based in Miami and join fellow Senior Vice President Glenn Gregory in the marketing and leasing of the firm’s newest Miami listing, 600,000-square-foot Brickell World Plaza, located at 600 Brickell Avenue.
Steinfeld brings 13 years of office landlord leasing experience to her new role at Jones Lang LaSalle. For the last six years, she served as First Vice President of Brokerage Services at CBRE, where in the last year alone she closed 30 transactions totalling nearly 300,000 square feet.
In addition to leasing Brickell World Plaza, Steinfeld will pursue additional landlord representation.
ComReal Fort Lauderdale also announced that it has brought Zach Wendelin on board as an Associate in its brokerage team.
Wendelin will be focused on landlord agency representation and tenant representation for clients in Broward County and Palm Beach County. He brings six years of market intelligence and experience in Broward and Palm Beach Counties.
Zach Wendelin joins ComReal after working at Jones Lang LaSalle, Cushman and Wakefield and Marcus & Millichap. Additionally, he was a Search and Rescue Swimmer in the U.S. Navy, serving overseas in Yokosuka , Japan .
He was awarded the 2008 “Rookie of the Year” and 2009 “Top Ten Broker” for Cushman & Wakefield in South Florida and has over one million square feet of leasing and sales experience.
Deals, Deals, Deals!
/in Done Deals/by SFOBA STAFFMichael Rauch leased 10,000 square feet of distribution and headquarters office space to Mark V Concepts, Inc., a New York-based company and major supplier to QVC. The property is located in Broward County in the Pompano Beach Gateway Industrial Park. Michael Rauch, senior partner of Rauch Hartman Scherer & Company, represented the landlord and tenant in the transaction.
Peter D. Reed, Principal of Commercial Florida Realty Services, closed a lease transaction with ITT Technical Institute, a leading private college focused on technology-oriented programs of study, for 20,000 SF at Hillsboro Center, located at 700 W. Hillsboro Blvd. in Deerfield Beach. Reed represented Parkway Properties, Inc. (NYSE symbol: PKY), the landlord of Hillsboro Center.
PEBB Enterprises of Boca Raton purchased the Sabadell United Bank Building, located at 1645 Palm Beach Lakes Blvd., and the Horizons Building, located at 1401 Forum Way. The combined purchase price was $14,250,000 for the two buildings, which total over 180,000sf.
And, in one of the top office transactions in Palm Beach County in recent years, a partnership led by Butters Group, has sold the Class A office building Boca Village Corporate Center, for $32.85 million to BVCC Corp. of Miami.