Keith Darby, along with Viktoria Telek, represented the buyer in the purchase of a 16,084-square-foot office condominium in Fort Lauderdale’s Museum Plaza office tower.
The property, which is located at 200 South Andrew Avenue, had been bank owned at the time of sale. Terms were not disclosed.
Viktoria Telek joined Darby at Rise Realty in November. Telek served as Commercial Real Estate Associate with ComReal Ft. Lauderdale for 8 years, leaving in December 2011 to join Cohen Brothers Realty Corp. At Cohen, Telek served as leasing representative for DCOTA.
https://sfoba.com/wp-content/uploads/2013/01/museum-plaza.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2013-01-16 01:43:412013-01-16 01:43:41Keith Darby, Viktoria Telek Unload Museum Plaza Office Condo
The Miami Association of Realtors and Florida Realtors will be fighting to repeal sales tax on commercial leases at the upcoming legislative session in Tallahassee.
Florida imposes a 6% state sales tax on commercial rent and is one of the few, if not only, states to do so, said Danielle Blake, senior vice president of housing and government affairs for the Miami Association of Realtors. Ms. Blake said state sales tax for commercial rent generates about $ 1.5 billion annually.
Ideally, the association would like this tax repealed, Ms. Blake said, and if not, significantly lowered.
Commercial leases, she said, are subject to double taxation, with landlords separately invoicing a portion of ad valorem taxes, maintenance charges and insurance premiums to tenants. These charges are called pass-through expenses.
Ms. Blake said the association would like legislation to clarify that pass-through expenses are not taxable as rent.
Another issue the association is closely monitoring is the Department of Revenue’s drafted rules on taxing commercial leasehold improvements as rent. The department, according to the association, believes leasehold improvements are taxable as
rent unless the taxpayer can demonstrate:
•The improvements are needed to put the property in a condition for operation of tenants ‘ business.
•There is no requirement to spend a specific or minimum amount on improvements.
• No credit is given against rental payments.
•The improvements are not classified as rent, additional rent, rent in kind or in lieu of rent.
•There is no evidence that there was an attempt to reclassify rental payments to avoid tax.
“The issue that we have with that is the burden is on the taxpayer to prove these points,” she said. “We believe that it should be on the Department of Revenue to prove these points.”
Starting in March, the Tallahassee team will have 60 days for the legislation to be passed by both the House and the Senate and to reach the governor’s desk, she said.
https://sfoba.com/wp-content/uploads/2013/01/lease.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2013-01-10 03:25:482013-01-10 03:25:48Realtors Fight To Repeal State Sales Tax On Leases
Paul A. Waters has joined Cushman & Wakefield as Senior Managing Director and Market Leader of the company’s South Florida operations.
Based in Miami, Waters will oversee the firm’s overall strategic business objectives and day-to-day activities for South Florida including the Miami, Fort Lauderdale and Palm Beach markets.
Prior to joining Cushman & Wakefield, Waters most recently served as an Executive Managing Director of Industrial Services with C III Realty’s NAI Global, where he led business development efforts for transaction management services in the Americas, focusing on client portfolio optimization and utilization.
From 2005 to 2008, he served as a senior managing director with CBRE. Prior to that, he was a senior managing director with the former Staubach Company, now Jones Lang LaSalle, from 2000 to 2005.
A Boston native and graduate of Boston College, Mr. Waters’ numerous professional affiliations include active membership and involvement in Counselors of Real Estate (CRE), Certified Commercial Investment Member, (CCIM), Society of Industrial and Office Realtors (SIOR), Fellow/Royal Fellow/Royal Institute of Chartered Surveyors (FRICS), Industrial Asset Management Council (IAMC), RICS (Royal Institute of Chartered Surveyors), and SIOR’s Membership Standards Committee.
Waters replaces former Senior Managing Director, Shane Soefker. Soefker was promoted to head up C&W’s newly launched Capital Markets Group called Commercial Advisors Capital Markets last October.
https://sfoba.com/wp-content/uploads/2013/01/cushman-wakefield-logo.png270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2013-01-08 18:01:152013-01-08 18:01:15C&W Names New Senior Managing Director For South Florida
Tom Burst, Director of Sales and Leasing with KRES Commercial, has completed a transaction for the purchase of a 50,000 SF office building, located at 701 US Highway One in North Palm Beach, for $5.2 million.
The purchaser, Document Storage Systems, Inc. (DSS, Inc.), represented by Burst, is a Health Information Technologies, software development and systems integration company. DSS, Inc. will occupy a total of 30,000 square feet.
This transaction has made a significant impact on the North Palm Beach submarket, representing roughly 8% of the vacant space available. The overall vacancy rate in North Palm Beach will decrease from 30% to 22%, making it a real game-changer for this market.
This purchase is in addition to the 20,000 SF building DSS, Inc. already owns and utilizes as their headquarters in Juno Beach. Tom Burst also represented DSS, Inc. in the purchase of their Juno Beach headquarters 9 years ago.
https://sfoba.com/wp-content/uploads/2012/12/Tom-Burst.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-12-26 15:35:492012-12-26 15:35:49North Palm Beach Office Building Trades For $5.2 Million
Just two weeks after joining McCraney Property Company (MPC) as Vice President of Leasing, Darcie Lunsford has made an abrupt exit and returned to Butters, where she previously served as Director of Business Development and Marketing with Butters Group since April, 2011.
Prior to her career in commercial real estate, Lunsford spent more than two decades as a print and broadcast journalist; the last 14 she covered the commercial real estate and the economy both as a reporter and editor for the South Florida Business Journal, and Daily Business Review.
https://sfoba.com/wp-content/uploads/2012/12/burnt-rubber.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-12-18 21:45:232012-12-18 21:45:23One For The “Dang, That Was Quick” Files
Keith Darby, Viktoria Telek Unload Museum Plaza Office Condo
/in Done Deals/by SFOBA STAFFKeith Darby, along with Viktoria Telek, represented the buyer in the purchase of a 16,084-square-foot office condominium in Fort Lauderdale’s Museum Plaza office tower.
The property, which is located at 200 South Andrew Avenue, had been bank owned at the time of sale. Terms were not disclosed.
Darby launched a boutique firm, Rise Realty, in September 2012, parting ways with ComReal Ft. Lauderdale, where he served as Corporate Services Advisor since July 2007.
Viktoria Telek joined Darby at Rise Realty in November. Telek served as Commercial Real Estate Associate with ComReal Ft. Lauderdale for 8 years, leaving in December 2011 to join Cohen Brothers Realty Corp. At Cohen, Telek served as leasing representative for DCOTA.
Realtors Fight To Repeal State Sales Tax On Leases
/in News/by SFOBA STAFFThe Miami Association of Realtors and Florida Realtors will be fighting to repeal sales tax on commercial leases at the upcoming legislative session in Tallahassee.
Florida imposes a 6% state sales tax on commercial rent and is one of the few, if not only, states to do so, said Danielle Blake, senior vice president of housing and government affairs for the Miami Association of Realtors. Ms. Blake said state sales tax for commercial rent generates about $ 1.5 billion annually.
Ideally, the association would like this tax repealed, Ms. Blake said, and if not, significantly lowered.
Commercial leases, she said, are subject to double taxation, with landlords separately invoicing a portion of ad valorem taxes, maintenance charges and insurance premiums to tenants. These charges are called pass-through expenses.
Ms. Blake said the association would like legislation to clarify that pass-through expenses are not taxable as rent.
Another issue the association is closely monitoring is the Department of Revenue’s drafted rules on taxing commercial leasehold improvements as rent. The department, according to the association, believes leasehold improvements are taxable as
rent unless the taxpayer can demonstrate:
•The improvements are needed to put the property in a condition for operation of tenants ‘ business.
•There is no requirement to spend a specific or minimum amount on improvements.
• No credit is given against rental payments.
•The improvements are not classified as rent, additional rent, rent in kind or in lieu of rent.
•There is no evidence that there was an attempt to reclassify rental payments to avoid tax.
“The issue that we have with that is the burden is on the taxpayer to prove these points,” she said. “We believe that it should be on the Department of Revenue to prove these points.”
Starting in March, the Tallahassee team will have 60 days for the legislation to be passed by both the House and the Senate and to reach the governor’s desk, she said.
Source: Miami Today
C&W Names New Senior Managing Director For South Florida
/in News/by SFOBA STAFFBased in Miami, Waters will oversee the firm’s overall strategic business objectives and day-to-day activities for South Florida including the Miami, Fort Lauderdale and Palm Beach markets.
Prior to joining Cushman & Wakefield, Waters most recently served as an Executive Managing Director of Industrial Services with C III Realty’s NAI Global, where he led business development efforts for transaction management services in the Americas, focusing on client portfolio optimization and utilization.
From 2005 to 2008, he served as a senior managing director with CBRE. Prior to that, he was a senior managing director with the former Staubach Company, now Jones Lang LaSalle, from 2000 to 2005.
A Boston native and graduate of Boston College, Mr. Waters’ numerous professional affiliations include active membership and involvement in Counselors of Real Estate (CRE), Certified Commercial Investment Member, (CCIM), Society of Industrial and Office Realtors (SIOR), Fellow/Royal Fellow/Royal Institute of Chartered Surveyors (FRICS), Industrial Asset Management Council (IAMC), RICS (Royal Institute of Chartered Surveyors), and SIOR’s Membership Standards Committee.
Waters replaces former Senior Managing Director, Shane Soefker. Soefker was promoted to head up C&W’s newly launched Capital Markets Group called Commercial Advisors Capital Markets last October.
Source: CityBiz
Procacci Purchases New Corporate Office
/in News/by SFOBA STAFFThe property was purchased for $2.6 million.
The building is being converted from Class C to Class A through wholesale renovation and addition including:
Completion is anticipated for the end of February.
Of the total 15,000 square feet, a 1,118 square foot corner suite is available for lease. Notable tenants include Shiner Law Group and The Gab Group.
North Palm Beach Office Building Trades For $5.2 Million
/in Done Deals, News/by SFOBA STAFFTom Burst, Director of Sales and Leasing with KRES Commercial, has completed a transaction for the purchase of a 50,000 SF office building, located at 701 US Highway One in North Palm Beach, for $5.2 million.
The purchaser, Document Storage Systems, Inc. (DSS, Inc.), represented by Burst, is a Health Information Technologies, software development and systems integration company. DSS, Inc. will occupy a total of 30,000 square feet.
This purchase is in addition to the 20,000 SF building DSS, Inc. already owns and utilizes as their headquarters in Juno Beach. Tom Burst also represented DSS, Inc. in the purchase of their Juno Beach headquarters 9 years ago.
One For The “Dang, That Was Quick” Files
/in News/by SFOBA STAFFJust two weeks after joining McCraney Property Company (MPC) as Vice President of Leasing, Darcie Lunsford has made an abrupt exit and returned to Butters, where she previously served as Director of Business Development and Marketing with Butters Group since April, 2011.
Prior to her career in commercial real estate, Lunsford spent more than two decades as a print and broadcast journalist; the last 14 she covered the commercial real estate and the economy both as a reporter and editor for the South Florida Business Journal, and Daily Business Review.