A regional search is underway for Stiles Realty’s next leader, according to Stiles Chairman and CEO Terry Stiles.
“After 27 years heading our Realty operations, Tom Kates informed us he wants to shed his executive responsibilities and focus on what he loves doing – the transactional side of the business,” Stiles said. “He’ll help us find Stiles Realty’s next President and take some time off for himself, then return here to concentrate on negotiating major transactions. Tom’s legacy sets the bar high.”
Kates led Stiles Realty’s expansion as a premier commercial real estate brokerage firm from Miami-Dade throughPalm Beach counties. The Stiles organization’s strategic plan calls for continued dynamic growth of its third-party brokerage business, Stiles added.
For the right top executive, this is an outstanding opportunity to be a key player in one of Florida’s largest, most respected private real estate development firms – and one of the state’s few full-service commercial real estate companies.
Kates assured us that while he may briefly be out of sight, he intends to continue interacting with friends and colleagues in the brokerage community. His message to brokers: “I’ve already had a great run, Stiles is a great company, and I’ll be back and eager to work with you on future opportunities”
https://sfoba.com/wp-content/uploads/2012/02/Tom-Kates.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-02-29 00:37:462012-02-29 00:37:46Stiles Realty Launches Search For Its Next President
Dyana Kenney, who spent the last three and a half years as Vice President at Flagler Real Estate Services’ West Palm Beach office , has moved on to a new role.
Effective February 20th, Ms. Kenney has joined Penn-Florida Companies as Executive Vice President/Director of Leasing. The lay of the land over at Penn-Florida is all too familiar to Dyana. She spent 7 years as Vice President with Penn-Florida Companies back in the late 90s through early 2000.
Dyana’s new contact information is:
Dyana Kenney
Executive Vice President/Director of Leasing
Penn-Florida Companies
1515 North Federal Highway, Suite 306
Boca Raton, Florida 33432 dkenney@pennflorida.com
Business Line: (561) 750-1030
Direct Line: (561) 955-1372
Mobile: (561) 866-3359
https://sfoba.com/wp-content/uploads/2012/02/Dyana-Kenney.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-02-22 08:00:102012-02-22 08:00:10Dyana Kenney Returns Home To Penn-Florida
The 775,000-square-foot Design Center of the America is undergoing major renovations to further enhance the Class A Corporate Center.
The several million dollars investment includes new corridors, restrooms, elevators, state of the art lighting, a complete renovation of the atriums, monument signage for office space, additional windows, new landscaping and a complete transformation to the image and branding of The Design Center of Americas.
The new leasing strategy is a big change, converting up to 250,000 square feet of the third and fourth floor space in Buildings A and B into offices and keeping Building C only showrooms. A strategy of mixed-use will complement the current showroom mix and leverage the high name recognition of the property because of its proximity to Interstate 95.
Recent transactions at the Office Center include a 17,000 square foot office lease to Avis Rent A Car to a 17,000-square-foot office lease, as well as deals with Hull and Company and the Miami Board of Realtors.
Charles Cohen, president and CEO of DCOTA owner Cohen Brothers Realty Corp., is currently in negotiations to lease an additional 70,000 square feet to four prospective office tenants.
DCOTA, located 1815 & 1855 Griffin Road in Dania Beach, offers a unique corporate environment with ease of access to all major expressways and the Fort Lauderdale Airport, with aggressive lease rates, ample free parking and a turnkey delivery. Available spaces range from 2,000 square feet to 100,000 square feet.
For more information please contact Viktoria Telek, CCIM, Office Leasing Director at 954.628.5534.
https://sfoba.com/wp-content/uploads/2012/02/dcota.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-02-16 03:34:102012-02-16 03:34:10DCOTA Undergoing Multi-Million Dollar Renovation
Broward County has the lowest vacancy rate reported in South Florida.
However, the area’s strong ties to the residential sector is expected to hinder sizeable job growth through the coming year.
No significant shifts are expected for the office sector in Fort Lauderdale and its suburban submarkets. A balance between demand and supply will likely continue through the majority of 2012.
Renewals and relocations will continue to dominate transaction activity as tenants in the market take advantage of space opportunities.
Conversely, the Palm Beach market holds the highest vacancy rate throughout Florida.
The market continued its leveling recovery as sluggish economic growth and lackluster improvements in the housing sector hinder significant expansions in employment. The office sector has seen moderate declines in vacancy since the 23.8 percent peak in first quarter of 2010.
To view the reports in their entirety, click on the links below:
Eric Messer is Research Services Manager for Grubb & Ellis Company in Boca Raton. He can be reached at eric.messer@grubb-ellis.com.
https://sfoba.com/wp-content/uploads/2012/02/day-and-night.png270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-02-14 16:50:292012-02-14 16:50:29Broward And Palm Beach At Opposite Ends Of Vacancy Spectrum
Competition to attract tenants is fierce among landlords after a few years of declining occupancy and lease rates. With stronger market confidence, new companies are beginning to enter the market or re-approaching expansion needs. In the Downtown West Palm Beach submarket, Esperanté Corporate Center is ahead of competing towers, having signed all three of the active space requirements for Class A space in downtown.
In the past 45 days, Esperanté signed AMEC, Tremont Partners and Lang Realty, accounting for more than 6,000 square feet of new leases—all of which counts toward positive absorption in the Downtown West Palm Beach submarket.
Lang Realty was the most recent of the three to sign. The deal closed yesterday for 2,233 square feet. Lang has a second location in downtown that they will continue to occupy.
Esperanté Corporate Center is a 256,000-square-foot Class A office tower located at 222 Lakeview Avenue. Owned by CBRE Global Investors, the LEED Gold certified building features WiFi-enabled common areas, a 24/7 lobby attendant, valet parking and a six-story atrium. The property is also part of CBRE Global Investors’ ‘5-Star Worldwide’ program designed to offer tenants at select Class A office buildings worldwide access to the amenities of member buildings, including concierge services, conference centers and fitness centers.
“As an owner, CBRE Global Investors offers unmatched amenity capabilities and financial stability,” said Anthony Librizzi, Vice President with CBRE in West Palm Beach. “New tenants are very excited to become members of the premium tenant program and enjoy the rich amenities of this trophy asset.”
Librizzi and CBRE Senior Vice President Jeff Kelly lead landlord representation and leasing services as part of the CBRE leasing and management team at Esperante Corporate Center. CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc.
https://sfoba.com/wp-content/uploads/2012/02/esperante.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-02-08 21:09:072012-02-08 21:09:07Three New Tenants Ink Deals At Esperanté
Rumor has it that with the approved sale of Ruden McClosky’s assets to Greenspoon Marder, 200 East Broward Blvd. will add three floors, or approximately 30,000 square feet, back into their available inventory. The 225,000 square foot office building is currently 48% vacant, with 108,158 square feet available, according to CRE-sources data.
The law firm will retain a presence in the building, occupying one of the four floors it currently leases, according to sources.
Last November, Ruden McClosky announced that the US Bankruptcy Court for the Southern District of Florida had approved the sale of its assets to the Greenspoon Marder law firm. As approved, the sale will result in combined operations totaling approximately 140 attorneys and 400 staff members located in 10 offices throughout the state.
Greenspoon’s South Florida offices are located at the Trade Centre South building, at 100 West Cypress Creek Road in uptown Fort Lauderdale. Greenspoon Marder also has offices in Aventura, Boca Raton, West Palm Beach, Stuart and Orlando.
Approximately 50 Ruden McClosky attorneys will continue their practices under the Greenspoon Marder name.
The vacancy at 200 E. Broward is reported to take place in late March.
https://sfoba.com/wp-content/uploads/2012/02/200-east-broward.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-02-07 16:33:352012-02-07 16:33:35200 E Broward Rumored To Gain Back 3 Floors
Stiles Realty Launches Search For Its Next President
/in News/by SFOBA STAFFA regional search is underway for Stiles Realty’s next leader, according to Stiles Chairman and CEO Terry Stiles.
“After 27 years heading our Realty operations, Tom Kates informed us he wants to shed his executive responsibilities and focus on what he loves doing – the transactional side of the business,” Stiles said. “He’ll help us find Stiles Realty’s next President and take some time off for himself, then return here to concentrate on negotiating major transactions. Tom’s legacy sets the bar high.”
Kates led Stiles Realty’s expansion as a premier commercial real estate brokerage firm from Miami-Dade throughPalm Beach counties. The Stiles organization’s strategic plan calls for continued dynamic growth of its third-party brokerage business, Stiles added.
For the right top executive, this is an outstanding opportunity to be a key player in one of Florida’s largest, most respected private real estate development firms – and one of the state’s few full-service commercial real estate companies.
Kates assured us that while he may briefly be out of sight, he intends to continue interacting with friends and colleagues in the brokerage community. His message to brokers: “I’ve already had a great run, Stiles is a great company, and I’ll be back and eager to work with you on future opportunities”
Dyana Kenney Returns Home To Penn-Florida
/in News/by SFOBA STAFFDyana Kenney, who spent the last three and a half years as Vice President at Flagler Real Estate Services’ West Palm Beach office , has moved on to a new role.
Effective February 20th, Ms. Kenney has joined Penn-Florida Companies as Executive Vice President/Director of Leasing. The lay of the land over at Penn-Florida is all too familiar to Dyana. She spent 7 years as Vice President with Penn-Florida Companies back in the late 90s through early 2000.
Dyana’s new contact information is:
Dyana Kenney
Executive Vice President/Director of Leasing
Penn-Florida Companies
1515 North Federal Highway, Suite 306
Boca Raton, Florida 33432
dkenney@pennflorida.com
Business Line: (561) 750-1030
Direct Line: (561) 955-1372
Mobile: (561) 866-3359
DCOTA Undergoing Multi-Million Dollar Renovation
/in News/by SFOBA STAFFThe 775,000-square-foot Design Center of the America is undergoing major renovations to further enhance the Class A Corporate Center.
The several million dollars investment includes new corridors, restrooms, elevators, state of the art lighting, a complete renovation of the atriums, monument signage for office space, additional windows, new landscaping and a complete transformation to the image and branding of The Design Center of Americas.
The new leasing strategy is a big change, converting up to 250,000 square feet of the third and fourth floor space in Buildings A and B into offices and keeping Building C only showrooms. A strategy of mixed-use will complement the current showroom mix and leverage the high name recognition of the property because of its proximity to Interstate 95.
Recent transactions at the Office Center include a 17,000 square foot office lease to Avis Rent A Car to a 17,000-square-foot office lease, as well as deals with Hull and Company and the Miami Board of Realtors.
Charles Cohen, president and CEO of DCOTA owner Cohen Brothers Realty Corp., is currently in negotiations to lease an additional 70,000 square feet to four prospective office tenants.
DCOTA, located 1815 & 1855 Griffin Road in Dania Beach, offers a unique corporate environment with ease of access to all major expressways and the Fort Lauderdale Airport, with aggressive lease rates, ample free parking and a turnkey delivery. Available spaces range from 2,000 square feet to 100,000 square feet.
For more information please contact Viktoria Telek, CCIM, Office Leasing Director at 954.628.5534.
Broward And Palm Beach At Opposite Ends Of Vacancy Spectrum
/in News, Trends/by SFOBA STAFFBy Eric Messer
Broward County has the lowest vacancy rate reported in South Florida.
However, the area’s strong ties to the residential sector is expected to hinder sizeable job growth through the coming year.
No significant shifts are expected for the office sector in Fort Lauderdale and its suburban submarkets. A balance between demand and supply will likely continue through the majority of 2012.
Renewals and relocations will continue to dominate transaction activity as tenants in the market take advantage of space opportunities.
Conversely, the Palm Beach market holds the highest vacancy rate throughout Florida.
The market continued its leveling recovery as sluggish economic growth and lackluster improvements in the housing sector hinder significant expansions in employment. The office sector has seen moderate declines in vacancy since the 23.8 percent peak in first quarter of 2010.
To view the reports in their entirety, click on the links below:
4Q11 Broward Office Market Trends Report
4Q11 Palm Beach Office Market Trends Report
Eric Messer is Research Services Manager for Grubb & Ellis Company in Boca Raton. He can be reached at eric.messer@grubb-ellis.com.
Three New Tenants Ink Deals At Esperanté
/in Done Deals/by SFOBA STAFFCompetition to attract tenants is fierce among landlords after a few years of declining occupancy and lease rates. With stronger market confidence, new companies are beginning to enter the market or re-approaching expansion needs. In the Downtown West Palm Beach submarket, Esperanté Corporate Center is ahead of competing towers, having signed all three of the active space requirements for Class A space in downtown.
In the past 45 days, Esperanté signed AMEC, Tremont Partners and Lang Realty, accounting for more than 6,000 square feet of new leases—all of which counts toward positive absorption in the Downtown West Palm Beach submarket.
Lang Realty was the most recent of the three to sign. The deal closed yesterday for 2,233 square feet. Lang has a second location in downtown that they will continue to occupy.
Esperanté Corporate Center is a 256,000-square-foot Class A office tower located at 222 Lakeview Avenue. Owned by CBRE Global Investors, the LEED Gold certified building features WiFi-enabled common areas, a 24/7 lobby attendant, valet parking and a six-story atrium. The property is also part of CBRE Global Investors’ ‘5-Star Worldwide’ program designed to offer tenants at select Class A office buildings worldwide access to the amenities of member buildings, including concierge services, conference centers and fitness centers.
“As an owner, CBRE Global Investors offers unmatched amenity capabilities and financial stability,” said Anthony Librizzi, Vice President with CBRE in West Palm Beach. “New tenants are very excited to become members of the premium tenant program and enjoy the rich amenities of this trophy asset.”
Librizzi and CBRE Senior Vice President Jeff Kelly lead landlord representation and leasing services as part of the CBRE leasing and management team at Esperante Corporate Center. CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc.
200 E Broward Rumored To Gain Back 3 Floors
/in Rumors/by SFOBA STAFFRumor has it that with the approved sale of Ruden McClosky’s assets to Greenspoon Marder, 200 East Broward Blvd. will add three floors, or approximately 30,000 square feet, back into their available inventory. The 225,000 square foot office building is currently 48% vacant, with 108,158 square feet available, according to CRE-sources data.
The law firm will retain a presence in the building, occupying one of the four floors it currently leases, according to sources.
Last November, Ruden McClosky announced that the US Bankruptcy Court for the Southern District of Florida had approved the sale of its assets to the Greenspoon Marder law firm. As approved, the sale will result in combined operations totaling approximately 140 attorneys and 400 staff members located in 10 offices throughout the state.
Greenspoon’s South Florida offices are located at the Trade Centre South building, at 100 West Cypress Creek Road in uptown Fort Lauderdale. Greenspoon Marder also has offices in Aventura, Boca Raton, West Palm Beach, Stuart and Orlando.
Approximately 50 Ruden McClosky attorneys will continue their practices under the Greenspoon Marder name.
The vacancy at 200 E. Broward is reported to take place in late March.