Pike Rowley, Avison Young Principal and Managing Director of the firm’s operations in Florida, announced the appointment of Paul Marko as Avison Young Principal.
Marko will be focused on serving and advising office occupiers in South Florida.
“Office occupiers are facing major decisions about their office needs and workforce,” said Rowley. “With exceptional industry expertise and market knowledge, Paul is positioned to provide clients with data-driven insights and solutions that meet their business needs.”
This year, the South Florida office market has seen overall rent growth begin to decelerate due to an increasing supply pipeline, and a record amount of office space under construction with significant deliveries expected by year end. At the same time, companies are taking an active holistic and strategic view of office footprints in a post-pandemic world to meet the expectations of their workforce and business needs.
“Avison Young is a great match for my skill set; its recent expansion of consulting across the Americas and investment in technology and innovation will help drive my ability to use data and analytics to fuel insights for the companies and industries I serve,” said Marko. “The firm’s culture of collaboration, integrated services and client-centric approach are consistent with my own business approach, helping to provide solutions to clients for the issues of today and tomorrow.”
Marko has more than 30 years of experience in commercial real estate across office tenant representation, buyer broker services, lease/portfolio administration, project management and consulting. He joins Avison Young after eight years at Stiles Realty, where he served as President overseeing the leasing and sales division. Prior to Stiles, Marko served as First Vice President at CBRE in Ft. Lauderdale in the firm’s global corporate services and office tenant advisory services groups. He is a graduate of Florida Atlantic University.
CBRE announced that industry veteran Madelayne Garcia has joined the firm as senior vice president of Advisory and Transaction Services, specializing in office landlord representation across South Florida. Ms. Garcia joins CBRE with more than 25 years of commercial real estate experience.
“We are thrilled to welcome Madelayne to our South Florida team,” said David Bateman, Managing Director at CBRE. “She brings a wealth of experience, and we are confident that her contributions will continue strengthening and expanding our capabilities in landlord representation in our region.”
Ms. Garcia joins CBRE from Stiles Realty, where she was since 2001. Prior to Stiles, Ms. Garcia was the Director of Leasing at The Hogan Group. During her tenure at The Hogan Group, she represented Royal Palm at SouthPointe, a joint venture between The Hogan Group and Credit Suisse First Boston.
Ms. Garcia has won several awards throughout her career, including CoStar Power Broker Award from 2006 to 2019, the Florida Real Estate Journal’s Top Woman in Commercial Real Estate Award, Daily Business Review’s “Top Dealmaker of the Year – Leasing”, among others.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2020-09-13 22:40:482020-09-13 22:40:48Office Leasing Veterans Join New Firms
Stiles Senior Vice President Norm Adams overcame the challenges of leasing in a COVID-19 world, utilizing technology and a wealth of online tools to get a new tenant signed despite the tenant never seeing the space in person.
Through a series of livestream video conferences, virtual tours and presentations, and electronic brochures, Adams and Senior Associate Sheila Roux conducted the showings and negotiations to attract TruCapital Partners FL, Inc. into a three-year sublease for 4,176 square feet at Broward Financial Center in Downtown Fort Lauderdale.
TruCapital Partners FL, Inc. is relocating its corporate headquarters from Manhattan to Fort Lauderdale. Paul Levine of Commercial Space Realty represented the subtenant.
“In this new environment, we used technology to find new ways to show space and process transactions,” Adams said. “This lease was completely negotiated and inked before the tenant ever stepped foot in the space. The new tenant got a close look at everything from the layout of furniture to IT racks and connections so phones and computers could be ordered before arriving in Fort Lauderdale.”
Roux added, “We walked the entire space on FaceTime focusing on areas of importance to the tenant. Appropriately, as the space itself is a high-tech, plug-and-play office formerly occupied as prior HQ for JetSmarter, a private aviation software company.”
Stiles is a 69-year-old, full service commercial real estate firm headquartered in Fort Lauderdale.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2020-09-07 23:14:292020-09-07 23:14:29Stiles’ Norm Adams Represents First ‘Virtual’ Lease Transaction To Relocate Tenant HQ From NYC To Downtown Fort Lauderdale
Since the first case of COVID-19 struck Florida on March 1, the Butters Realty & Management office brokerage team of Darcie Lunsford, Caroline Fleischer, Molly McDonough and Sky Butters have executed more than 170,000 square feet of office transactions. In all, the Butters team generated $32.4 million in aggregate transaction value for internal and third-party assets and clients since the pandemic’s onset.
The transactions span nearly two dozen leases to representation of medical financier Bankers Healthcare Group in its acquisition of a 130,000-square-foot corporate headquarters at 3700 Lakeside Drive in Miramar in an off-market deal.
“As soon as the shelter-in-place order was lifted, our team was back in the office that day,” said Lunsford, director of office leasing at Butters. “We saw a wave of up pent-up demand coming out of the shutdown as leases expired and smaller entrepreneurial companies emerged looking to seize potential deals in the market.”
While many large corporate occupiers have remained reticent to make real estate decisions, firms of less than 5,000 square feet have still been active, Lunsford noted.
“Generally, we are seeing companies with counter-cyclical models, insurance, law, technology or financial service providers and other essential administrative hubs that have not been as drastically impacted by the pandemic-induced recession,” Lunsford said.
“In a tough economic situation like this, you can’t wait for the market to come to you, you have to go to the market,” said Fleischer, director of occupier services for Butters. “There are tenants out there that have a need and a want, but you have to be dogged.”
During the pandemic, Butters also increased occupancy several percentage points to 97 percent within its own four-building Boca Raton office portfolio.
“I think the key factor to our effectiveness in closing a high volume of transactions in the face of this unprecedented crisis is that we are highly focused,” said Malcolm Butters, president of Butters. “We have very strong local relationships and we are able to execute.”
Among the more notable office lease transactions:
• Bohler Engineering leased 4,910 square feet at 1900 NW Corporate Boulevard in Boca Raton
• Medigap Life leased 3,577 square feet at 1900 NW Corporate Boulevard in Boca Raton
• Trust Hills Co. leases 3,680 square feet at 851 Broken Sound Parkway in Boca Raton
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2020-08-31 03:35:532020-08-31 03:35:53Butters Office Team Closes 171,000 Square Feet of Sales, Leases Since Pandemic Onset
Fifteen Group Capital wants to build a mixed-use project next to a Plantation office building.
The city’s Review Committee will consider development plans for the 13.7-acre site at 8601 W. Sunrise Blvd. the afternoon of Aug. 25. It currently has a 130,549-square-foot office building that was constructed in 1986. AT&T is the main tenant.
The property was acquired for $12 million in 2018 by 8601 West Sunrise Owner LLC, an affiliate of Miami-based Fifteen Group.
The developer is seeking site plan approval for 442 residential units in three buildings totaling 444,168 square feet, 150,000 square feet of offices, and a 2,500-square-foot retail building, which would likely be a drive-thru fast-food restaurant. The project would have 1,326 parking spaces, including a 238,739-square-foot garage.
Attorney C. William Laystrom Jr., who represents Fifteen Group in the application, couldn’t be reached for comment.
“The proposed residential development will complement commercial uses in the area, being that residents of the proposed community will likely shop at businesses located within the nearby commercial plazas such as Jacaranda Square and Jacaranda Plaza, and many other proximate businesses,” the developer stated in the application.
There’s been a recent trend of developing multifamily and restaurants in South Florida office parks to allow people to live where they work.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2020-08-25 22:45:262020-08-25 22:45:26Fifteen Group Proposes Mixed-Use Project On Plantation Office Site
New York Life Real Estate Investors has provided a $38.3 million refinancing loan for 261 North University Drive, a 172,959-square-foot office building in Fort Lauderdale.
The borrower, Encore Capital Management, recently completed a $15 million renovation of the property, including redesigning the lobby, modernizing the elevators, adding new bathrooms and overseeing new tenant buildouts.
The asset is situated eight miles west of downtown Fort Lauderdale. Furthermore, the property will be part of a mixed-use development that is set to feature 760 multifamily units, 150,000 square feet of retail space and 400 hotel rooms delivering in two phases by 2022.
Kevin O’Grady of Concord Summit Capital and Eric McGlynn of Walker & Dunlop arranged the loan on behalf of Fort Lauderdale-based Encore, and Ryan Doyle and John Lippmann of New York Life originated the loan.
https://sfoba.com/wp-content/uploads/2013/11/money.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2020-08-17 05:32:082020-08-17 05:32:08New York Life Provides $38.3M Refinancing Loan For Fort Lauderdale Office Building
Stiles, the Fort Lauderdale-based, 69-year-old, commercial real estate development and third-party services firm, announced today that the company’s retail brokerage and leasing team will join forces with Stiles Retail Group, further augmenting its long-established retail investment platform. Stiles Retail Group is the company’s investment division that is responsible for driving its retail development pipeline across the core markets of the Southeast.
“By combining the forces of our retail investment and brokerage teams, our goal is to significantly grow a retail platform that can offer our clients a full range of services and experience,” said Ken Stiles, Stiles Chief Executive Officer. “In addition, we are armed with long-time tenant relationships and a strong market reputation with owners, and therefore see the opportunity to compete exceptionally well in third-party retail leasing and property sales in our current and future core markets.”
As part of the expansion, Dan Coyle has been promoted to Senior Vice President of Retail Leasing and Brokerage and named Stiles Broker of Record, working with Ryan Karlin, President of Stiles Retail Group. All retail leasing and brokerage activities for Stiles-owned and third-party retail properties will be led by Coyle and his team.
“I’ve spent my career aiming to improve asset value for my clients by finding unique, best-in-class retailers that will elevate the mix of offerings at their shopping centers,” said Coyle. “Joining forces with Ryan and his team not only enhances our ability to service Stiles-owned properties but allows us access to an entirely new stream of major national and regional retailers for our third-party assets. We believe in the future of retail, especially in the grocery-anchored category, and already have a strong pipeline of developments for the post-COVID era.”
The group’s new tagline “Building better retail experiences” speaks to its combined focus on development and third-party leasing. The team will focus on Stiles’ portfolio of owned retail assets, both existing and under development, as well as growing a true third-party leasing and brokerage platform that will compete throughout the Southeast region.
Led by President Ryan Karlin, Stiles Retail Group’s primary focus is the development and redevelopment of grocery-anchored shopping centers, regional power centers and neighborhood retail centers that feature an effective mix of high quality and nationally recognized tenants. The newly combined group has nearly 2 million square feet of retail assignments in its Florida portfolio, which includes more than 600,000 square feet of third-party assignments.
“Integrating brokerage and leasing provides new pathways for growth and allows us to be more efficient in identifying and executing ground-up and redevelopment opportunities,” said Karlin. “Dan and his team are highly attuned to the changing retail landscape, including new trends and emerging markets, which further strengthens our ability to make decisions and shift our strategy.”
Leveraging Stiles’ successful track record of development and strong relationships, the group is positioned to expand in the next several years. In 2020, the group completed Beacon Lakes in Miami, FL, a 430,000-square-foot, large-format shopping center featuring Home Depot, City Furniture, Michaels, Dick’s Sporting Goods, and more. Currently, Stiles has the following retail centers underway in Florida:
Monarch Town Center, a 150,000-square-foot Publix-anchored shopping center with Ross and Planet Fitness in Miramar
Publix Greenwise at The Main, downtown Fort Lauderdale
In addition, by way of Stiles’ Charlotte office, the company has built a strong retail platform throughout the Carolinas with five grocery-anchored shopping centers completed and two mixed-use centers underway.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2020-08-06 19:56:242020-08-06 19:56:24Stiles Expands Retail Development, Leasing and Brokerage Platform; Announces Promotion of Dan Coyle to SVP
Office Leasing Veterans Join New Firms
/in News/by SFOBA STAFFPike Rowley, Avison Young Principal and Managing Director of the firm’s operations in Florida, announced the appointment of Paul Marko as Avison Young Principal.
Marko will be focused on serving and advising office occupiers in South Florida.
This year, the South Florida office market has seen overall rent growth begin to decelerate due to an increasing supply pipeline, and a record amount of office space under construction with significant deliveries expected by year end. At the same time, companies are taking an active holistic and strategic view of office footprints in a post-pandemic world to meet the expectations of their workforce and business needs.
Marko has more than 30 years of experience in commercial real estate across office tenant representation, buyer broker services, lease/portfolio administration, project management and consulting. He joins Avison Young after eight years at Stiles Realty, where he served as President overseeing the leasing and sales division. Prior to Stiles, Marko served as First Vice President at CBRE in Ft. Lauderdale in the firm’s global corporate services and office tenant advisory services groups. He is a graduate of Florida Atlantic University.
CBRE announced that industry veteran Madelayne Garcia has joined the firm as senior vice president of Advisory and Transaction Services, specializing in office landlord representation across South Florida. Ms. Garcia joins CBRE with more than 25 years of commercial real estate experience.
Ms. Garcia joins CBRE from Stiles Realty, where she was since 2001. Prior to Stiles, Ms. Garcia was the Director of Leasing at The Hogan Group. During her tenure at The Hogan Group, she represented Royal Palm at SouthPointe, a joint venture between The Hogan Group and Credit Suisse First Boston.
Ms. Garcia has won several awards throughout her career, including CoStar Power Broker Award from 2006 to 2019, the Florida Real Estate Journal’s Top Woman in Commercial Real Estate Award, Daily Business Review’s “Top Dealmaker of the Year – Leasing”, among others.
Stiles’ Norm Adams Represents First ‘Virtual’ Lease Transaction To Relocate Tenant HQ From NYC To Downtown Fort Lauderdale
/in Done Deals, News, Trends/by SFOBA STAFFStiles Senior Vice President Norm Adams overcame the challenges of leasing in a COVID-19 world, utilizing technology and a wealth of online tools to get a new tenant signed despite the tenant never seeing the space in person.
Through a series of livestream video conferences, virtual tours and presentations, and electronic brochures, Adams and Senior Associate Sheila Roux conducted the showings and negotiations to attract TruCapital Partners FL, Inc. into a three-year sublease for 4,176 square feet at Broward Financial Center in Downtown Fort Lauderdale.
TruCapital Partners FL, Inc. is relocating its corporate headquarters from Manhattan to Fort Lauderdale. Paul Levine of Commercial Space Realty represented the subtenant.
Stiles is a 69-year-old, full service commercial real estate firm headquartered in Fort Lauderdale.
Butters Office Team Closes 171,000 Square Feet of Sales, Leases Since Pandemic Onset
/in Done Deals, News/by SFOBA STAFFSince the first case of COVID-19 struck Florida on March 1, the Butters Realty & Management office brokerage team of Darcie Lunsford, Caroline Fleischer, Molly McDonough and Sky Butters have executed more than 170,000 square feet of office transactions. In all, the Butters team generated $32.4 million in aggregate transaction value for internal and third-party assets and clients since the pandemic’s onset.
The transactions span nearly two dozen leases to representation of medical financier Bankers Healthcare Group in its acquisition of a 130,000-square-foot corporate headquarters at 3700 Lakeside Drive in Miramar in an off-market deal.
While many large corporate occupiers have remained reticent to make real estate decisions, firms of less than 5,000 square feet have still been active, Lunsford noted.
During the pandemic, Butters also increased occupancy several percentage points to 97 percent within its own four-building Boca Raton office portfolio.
Among the more notable office lease transactions:
• Bohler Engineering leased 4,910 square feet at 1900 NW Corporate Boulevard in Boca Raton
• Medigap Life leased 3,577 square feet at 1900 NW Corporate Boulevard in Boca Raton
• Trust Hills Co. leases 3,680 square feet at 851 Broken Sound Parkway in Boca Raton
Fifteen Group Proposes Mixed-Use Project On Plantation Office Site
/in News/by SFOBA STAFFFifteen Group Capital wants to build a mixed-use project next to a Plantation office building.
The city’s Review Committee will consider development plans for the 13.7-acre site at 8601 W. Sunrise Blvd. the afternoon of Aug. 25. It currently has a 130,549-square-foot office building that was constructed in 1986. AT&T is the main tenant.
The property was acquired for $12 million in 2018 by 8601 West Sunrise Owner LLC, an affiliate of Miami-based Fifteen Group.
The developer is seeking site plan approval for 442 residential units in three buildings totaling 444,168 square feet, 150,000 square feet of offices, and a 2,500-square-foot retail building, which would likely be a drive-thru fast-food restaurant. The project would have 1,326 parking spaces, including a 238,739-square-foot garage.
Attorney C. William Laystrom Jr., who represents Fifteen Group in the application, couldn’t be reached for comment.
There’s been a recent trend of developing multifamily and restaurants in South Florida office parks to allow people to live where they work.
Source: SFBJ
New York Life Provides $38.3M Refinancing Loan For Fort Lauderdale Office Building
/in Done Deals, News/by SFOBA STAFFNew York Life Real Estate Investors has provided a $38.3 million refinancing loan for 261 North University Drive, a 172,959-square-foot office building in Fort Lauderdale.
The borrower, Encore Capital Management, recently completed a $15 million renovation of the property, including redesigning the lobby, modernizing the elevators, adding new bathrooms and overseeing new tenant buildouts.
The asset is situated eight miles west of downtown Fort Lauderdale. Furthermore, the property will be part of a mixed-use development that is set to feature 760 multifamily units, 150,000 square feet of retail space and 400 hotel rooms delivering in two phases by 2022.
Kevin O’Grady of Concord Summit Capital and Eric McGlynn of Walker & Dunlop arranged the loan on behalf of Fort Lauderdale-based Encore, and Ryan Doyle and John Lippmann of New York Life originated the loan.
Source: RE Business
Stiles Expands Retail Development, Leasing and Brokerage Platform; Announces Promotion of Dan Coyle to SVP
/in News/by SFOBA STAFFStiles, the Fort Lauderdale-based, 69-year-old, commercial real estate development and third-party services firm, announced today that the company’s retail brokerage and leasing team will join forces with Stiles Retail Group, further augmenting its long-established retail investment platform. Stiles Retail Group is the company’s investment division that is responsible for driving its retail development pipeline across the core markets of the Southeast.
As part of the expansion, Dan Coyle has been promoted to Senior Vice President of Retail Leasing and Brokerage and named Stiles Broker of Record, working with Ryan Karlin, President of Stiles Retail Group. All retail leasing and brokerage activities for Stiles-owned and third-party retail properties will be led by Coyle and his team.
The group’s new tagline “Building better retail experiences” speaks to its combined focus on development and third-party leasing. The team will focus on Stiles’ portfolio of owned retail assets, both existing and under development, as well as growing a true third-party leasing and brokerage platform that will compete throughout the Southeast region.
Led by President Ryan Karlin, Stiles Retail Group’s primary focus is the development and redevelopment of grocery-anchored shopping centers, regional power centers and neighborhood retail centers that feature an effective mix of high quality and nationally recognized tenants. The newly combined group has nearly 2 million square feet of retail assignments in its Florida portfolio, which includes more than 600,000 square feet of third-party assignments.
Leveraging Stiles’ successful track record of development and strong relationships, the group is positioned to expand in the next several years. In 2020, the group completed Beacon Lakes in Miami, FL, a 430,000-square-foot, large-format shopping center featuring Home Depot, City Furniture, Michaels, Dick’s Sporting Goods, and more. Currently, Stiles has the following retail centers underway in Florida:
In addition, by way of Stiles’ Charlotte office, the company has built a strong retail platform throughout the Carolinas with five grocery-anchored shopping centers completed and two mixed-use centers underway.