Warren Sears, Others Part Ways With CBRE

Warren Sears is no longer with CB Richard Ellis, along with a number of brokers in their Miami, Ft. Lauderdale and Palm Beach offices.

Included in the tri-county-wide departures is veteran Elizabeth Santos from the Miami-Dade office.  Elizabeth started her 9 year tenure with CBRE in October, 2002, most recently serving as an Office Tenant Representative for the firm.

It wasn’t clear as to the total number of brokers no longer employed with CBRE.  Representatives from CB Richard Ellis declined to comment.

Sacks And Reed Close15,000 SF Expansion

George Sacks and Peter D. Reed, principals of Commercial Florida Realty Services, announced a 15,298sf lease expansion transaction.

Before the Atlanta-based law firm of McCalla Raymer, LLC had an opportunity occupy its new 15,298sf office at 110 Tower in Downtown Fort Lauderdale, the firm exercised its pre-negotiated option to lease an additional floor.

McCalla Raymer has now leased the 24th and 25th floor or 30,596sf at the recently renovated 110 Tower.

The landlord, Genesis Capital Partners XI, Ltd., was represented by Transwestern. 110 Tower is now over 70% leased. The lease value is in excess of $5,000,000.

Source:  FREJ

Stigliano Sells 65 Acres To Hoyer Homes

Reese Stigliano, a principal at Berger Commercial realty represented Hoyer Homes, LLC in their purchase of  a 65-acre parcel located in the city of Palm Bay in Brevard County, Florida.  The land is located in the master-planned mixed-use development known as Bayside Lakes.  Hoyer  purchased 210 single-family lots.  101 lots were in the Amberwood subdivision and 109 lots were in the Wellington subdivision.

Hoyer purchased the land from CRM Florida Properties, LLC, an entity formed by SunTrust Bank, paid $1,575,000 or $7,500 per lot.  The
purchaser’s objective will be to land bank the land , with the intent to sell to lots in a takedown arrangement to  publicly traded homebuilders, which eliminates the homebuilder’s expensive land development infrastructure cost and interest carry.

The deal was not without its obstacles.  Over $1 million in past due utilities fees were owed. Mr. Stigliano assisted in the negotiation of a
deal with the City of Palm Bay to reinstate the utility agreement and reduced past due fees to $250,000. In addition, a settlement to waive
past due property owners association fees of $250,000 and reduced annual POA fees going forward had to be negotiated.

This is Reese’s second deal with Hoyer Homes.  Reese represented Hoyer in the purchase of 53-acres in Miami-Dade county back in December, 2010.

 

Deborah Fink Joins CBRE

Deborah Fink joins CBRE to partner with the South Florida “Private Capital Agency Leasing” team – Scott O’Donnell, Dominic Montazemi, Marty Busekrus, and Miguel Alcivar – with a focus on Palm Beach & Broward counties.

She joins CBRE from NAI Rauch Weaver where she specialized in office leasing. Her history of work experience with commercial real estate includes agency representation for office and medical properties, tenant representation, and representing both buyers and sellers in property trades.

Deborah is joining us to provide leasing representation to our private capital clients at the level our institutional clients are accustomed to,” said Ken Krasnow, CBRE Managing Director.

While with NAI, Deborah received top recognition as a sales producer on multiple occasions. Her professional affiliations include CREW, South Florida Office Brokers Association, NAIOP, CCIM, and Commercial Investment Real Estate Brokers Association (CIREBA) where she served on the Board of Directors.

 

John Geisen To Lead New Keyes Division

John Geisen has been tapped to lead a new commercial division for Keyes.

Geisen’s role as Executive Vice President of the new division will be focused on all operations of the division including business development, hiring, training, establishing standards, and enhancing commercial support throughout Broward and Palm Beach Counties.

The new division is called Keyes Commercial Real Estate Services, Inc.

“We are honored to have an individual of John’s caliber heading up our new subsidiary,” said Mike Pappas, President and CEO of The Keyes Company. “We feel confident that John’s qualifications and expertise will bring Keyes’ commercial efforts to new heights and strengthen our position in the marketplace. Few if any individuals in the commercial real estate management and sales industry here in the South Florida market can compete with what John brings to the table.”

John has more than twenty years of commercial real estate management experience. He first joined CB Richard Ellis in 1979, known then as Coldwell Banker Real Estate, as an office broker in Cincinnati, and subsequently assumed the role of Senior Vice President/Senior Managing Director in 1995, overseeing all operations of CB’s Palm Beach, Broward, and Miami-Dade County offices.  He then served eight years with Codina/Flagler as President of Real Estate Services, overseeing brokerage and property management for the firm for the State of Florida.

Randy Johnson Named Regional Director With Keystone Property Group

Randy Johnson, Senior Leasing Representative with Liberty Property Trust, confirmed that today is his last day with Liberty.

After a tenure of just over ten years with Liberty Property Trust, Randy Johnson has been named Regional Director with Keystone Property Group, responsible for the Southeast Region.

Randy will be officed in Keystone’s most recent South Florida acquisition, 1200 Corporate Place, located at 1200 North Federal Highway in Boca Raton.