On the heels of its merger with international real estate powerhouse DTZ,Cushman & Wakefieldof Florida Inc. has snapped up a Florida firm with a presence in each of the Sunshine State’s biggest markets.
Cushman this week closed on its acquisition of Tampa-based Taylor & Mathisof Florida, adding about 120 employees to its Florida footprint. Of those, about 100 are in property management, with the remainder in brokerage and leadership positions.
Financial terms of the deal were not disclosed.
With the acquisition, Cushman becomes the second largest property management firm in Florida. The combined company will have a management portfolio of 41 million square feet, employing 270 property managers.
Hank Brenner, president of Taylor & Mathis of Florida, said Wednesday that he and Larry Richey, Florida market leader for Cushman, have had conversations about a potential acquisition dating back years.
“The days of the small guys seem to be limited,” Brenner said, “and we felt like we wanted to get the right fit, and again, this felt like absolutely the right fit.”
Cushman & Wakefield, like its peers in commercial real estate, has an international network through which to market properties and potentially draw new clients. Under Richey’s leadership, Cushman’s Florida network combines the resources of a major corporation with an entrepreneurial vibe in its local offices.
“In my view, this is the single largest acquisition opportunity that’s surfaced in Florida in the last 10 years, maybe 20 years,” Richey said.
Taylor & Mathis has property management and brokerage employees in Tampa, Orlando and Miami. In Jacksonville, the company has a small presence, handling the management of a half-million-square-foot building.
No employees will be cut, Richey said. Taylor & Mathis employees in each market will move into Cushman offices.
One of the biggest changes for the Taylor & Mathis employees will be the available resources, like Cushman’s data and marketing said Damien Madsen, principal in Taylor & Mathis’ Orlando office.
“We try to do so much stuff on our own,” he said. “Having access to resources is going to be a huge, huge benefit to us.”
Stiles Realty announced today that Valley National Bank has signed a 10-year lease deal at Stiles’ corporate headquarters located at 301 East Las Olas Blvd. in the heart of the downtown Fort Lauderdale financial district.
The financial institution and its more than 30 employees will occupy 3,600 square feet of prime ground floor bank space, which features an ATM directly on Las Olas Blvd., as well as 4,000 square feet of second floor office space for its wealth management and commercial lending operations.
Stiles Realty Senior Vice President Norm Adams represented the landlord in the transaction while Richard Kaufman, of Strategic Realty, represented the tenant.
“This move allows us to offer our clients enhanced services as well as all of the conveniences Las Olas Blvd. has to offer while positioning our brand in the center of the financial district,” said Rudy Schupp, Executive Vice President at Valley National Bank.
Valley National Bank will relocate from a former branch on South Federal Highway in Ft. Lauderdale. The move provides the bank with direct Las Olas exposure, covered parking and proximity to area nightlife, culture and entertainment. The bank space build-out is underway with a slated October opening.
“The deal further fortifies the financial district on Las Olas,” commented Adams. “This corner is highly desirable because of its access to retail, entertainment, restaurants and key financial services firms.”
Adams commented that lease rates on Las Olas have reached all-time highs, but he does not believe they are at their peak.
“The Las Olas corridor has very few options for new market entries. We expect additional rate growth due to the tightening market,” added Adams.
The Plaza at Las Olas features a manicured brick-paved drive around a central fountain, 24-hour security, elegant lobby with high-end finishes and hurricane glass. The property is surrounded by parking and is within walking distance to some of Fort Lauderdale’s most popular dining, entertainment and nightlife, including: YOLO restaurant; Vibe nightclub; FAU; Broward College; Broward Center for the Performing Arts; Fort Lauderdale Art Museum; and more.
In the center of six million square feet of commercial office and mixed-use space, the Plaza at Las Olas is immediately accessible to a daytime population of over 63,000 people. Over 2,200 new residential units are in development within a one-mile radius. Easily accessible from I-595, I-95 and US-1, The Plaza at Las Olas is within a ten-minute drive of Fort Lauderdale/Hollywood International Airport and Port Everglades.
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2016-08-08 01:47:472016-08-08 01:47:47Valley National Bank Moves To East Las Olas With 10-Year Lease Deal
Marcus & Millichap Senior Vice President and Institutional Property Advisors (IPA) senior director Douglas K. Mandel, along with and C. Todd Everett, SIOR, Director, NOIPG, negotiated the sale of Northpoint Corporate Center, a 98,903-square-foot Class A office building located at 701 Northpoint Parkway in West Palm Beach, Florida.
Smithfield, R.I.-based Douglas Pike Associates, LLC purchased the five-story office building for $15,000,000. The purchase includes a separate, free-standing office outparcel of approximately 2,000 square feet located on the south side of the main building and directly on the lakefront.
The deal closed June 30.
Mandel and Everett jointly represented both the Seller, The Realty Associates Fund VIII, L.P., and the Buyer in the transaction.
Since Northpoint Corporate Center was developed in 1988 by Stiles Corporation, the building has attracted such prominent tenants as CBS, BellSouth, BlueCross BlueShield, ADP Inc., Traveler’s Insurance and First American Title.
The property is located at the 45th Street I-95 Interchange in West Palm Beach, just minutes from nearby restaurants, retail shops and the Marriott Courtyard Hotel and approximately 15 minutes from the Palm Beach International Airport. Northpoint Corporate Center was also awarded an Energy Star label in 2011, 2012, 2013 and 2014 for its operating efficiency.
“The building has attracted the attention of an array of investors as well as a variety of Fortune 500 companies due to its excellent location and large, flexible floor plates that can accommodate tenants in excess of 20,000 square feet,” commented Mandel.
Including this deal, Mandel has closed more than $200 million in sales this year, including the sale of the following Palm Beach County assets:
Gulfstream Plaza in West Palm Beach, which sold $13,050,000, just more than double what it last traded for in 2013.
Atrium at Broken Sound, a 98,000 SF office building in Boca Raton, which sold on January 14 for $17,050,000.
And, together with Everett, the sale of 314 Clematis, a 27,091-square-foot office building located in West Palm Beach, for $6,750,000.
“The West Palm Beach market is undergoing explosive developmental growth with many new mega-scale projects in the works, forecasting continued strong demand for real estate within the county well into the future,” Mandel added.
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2016-07-18 01:29:062016-07-18 01:29:06Marcus & Millichap’s Mandel, Everett Negotiate Sale Of Class A Office Building
As many of you know, we were unable to secure the funding necessary to keep the SFOBA website up and running and had announced that we would be deactivating the site effective June 28th.
Just when we thought the site we worked so hard to build was coming down, along comes Marcus & Millichap Senior Vice President and Institutional Property Advisors (IPA) senior director Douglas K. Mandel.
Douglas, single-handedly, has agreed to sponsor the SFOBA website, allowing us to continue to post meeting announcements and relevant news for another year!
Please join us in letting Douglas know just how much we appreciate his stepping up to the plate to save the SFOBA site!
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2016-07-11 17:09:382016-07-11 17:09:38Let’s Extend A BIG ‘Thank You’ To Douglas Mandel!
Thank you to Lincoln Property Company and Blanca Commercial Real Estate for hosting the February 10, 2016 SFOBA meeting at Royal Palm Office Park in Plantation. We were treated to an excellent presentation on the 2016 office market from Anthony Graziano, Executive Director of Integra Realty Resources.
The short summary – supply will continue to be constrained as the booming multifamily market drives up the prices on potential office development sites. With diminishing supply, we can expect continued upward pressure on rental rates. Cap rates are expected remain fairly stable as strong demand on the investment side from both domestic and international sources overshadows the increase in interest rates.
As promised, here is the link to the entire 2016 Viewpoint publication from Integra.
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2016-02-16 18:01:462026-08-20 12:27:31Integra Realty Resources Breaks out the Crystal Ball for 2016
Miramar Park of Commerce Promo – SFOBA – Where’s Andy?
Well, it took a little while to get the DVD and upload it. We’d like to thank Sunbeam Properties for providing their entertaining and informative video to the SFOBA Blog. The video was presented at the SFOBA November meeting.
Sunbeam Properties is the owner and developer of Miramar Park of Commerce. They also happen to own WSVN channel 7 in Miami which is well known for it’s uniquely dramatic interpretation of the news. For the November 12, 2015 meeting of the South Florida Office Brokers Association, we got to see what happens when these worlds collide.
https://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.png00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2016-01-25 03:17:442016-01-25 03:17:44Video – By Popular Demand – Channel 7 Meets Miramar Park of Commerce
Cushman & Wakefield Acquires Taylor & Mathis
/in News/by adminOn the heels of its merger with international real estate powerhouse DTZ,Cushman & Wakefield of Florida Inc. has snapped up a Florida firm with a presence in each of the Sunshine State’s biggest markets.
Cushman this week closed on its acquisition of Tampa-based Taylor & Mathis of Florida, adding about 120 employees to its Florida footprint. Of those, about 100 are in property management, with the remainder in brokerage and leadership positions.
Financial terms of the deal were not disclosed.
With the acquisition, Cushman becomes the second largest property management firm in Florida. The combined company will have a management portfolio of 41 million square feet, employing 270 property managers.
Hank Brenner, president of Taylor & Mathis of Florida, said Wednesday that he and Larry Richey, Florida market leader for Cushman, have had conversations about a potential acquisition dating back years.
Cushman & Wakefield, like its peers in commercial real estate, has an international network through which to market properties and potentially draw new clients. Under Richey’s leadership, Cushman’s Florida network combines the resources of a major corporation with an entrepreneurial vibe in its local offices.
Taylor & Mathis has property management and brokerage employees in Tampa, Orlando and Miami. In Jacksonville, the company has a small presence, handling the management of a half-million-square-foot building.
No employees will be cut, Richey said. Taylor & Mathis employees in each market will move into Cushman offices.
One of the biggest changes for the Taylor & Mathis employees will be the available resources, like Cushman’s data and marketing said Damien Madsen, principal in Taylor & Mathis’ Orlando office.
Source: TBBJ
Valley National Bank Moves To East Las Olas With 10-Year Lease Deal
/in Done Deals, News/by adminStiles Realty announced today that Valley National Bank has signed a 10-year lease deal at Stiles’ corporate headquarters located at 301 East Las Olas Blvd. in the heart of the downtown Fort Lauderdale financial district.
The financial institution and its more than 30 employees will occupy 3,600 square feet of prime ground floor bank space, which features an ATM directly on Las Olas Blvd., as well as 4,000 square feet of second floor office space for its wealth management and commercial lending operations.
Stiles Realty Senior Vice President Norm Adams represented the landlord in the transaction while Richard Kaufman, of Strategic Realty, represented the tenant.
Valley National Bank will relocate from a former branch on South Federal Highway in Ft. Lauderdale. The move provides the bank with direct Las Olas exposure, covered parking and proximity to area nightlife, culture and entertainment. The bank space build-out is underway with a slated October opening.
Adams commented that lease rates on Las Olas have reached all-time highs, but he does not believe they are at their peak.
The Plaza at Las Olas features a manicured brick-paved drive around a central fountain, 24-hour security, elegant lobby with high-end finishes and hurricane glass. The property is surrounded by parking and is within walking distance to some of Fort Lauderdale’s most popular dining, entertainment and nightlife, including: YOLO restaurant; Vibe nightclub; FAU; Broward College; Broward Center for the Performing Arts; Fort Lauderdale Art Museum; and more.
In the center of six million square feet of commercial office and mixed-use space, the Plaza at Las Olas is immediately accessible to a daytime population of over 63,000 people. Over 2,200 new residential units are in development within a one-mile radius. Easily accessible from I-595, I-95 and US-1, The Plaza at Las Olas is within a ten-minute drive of Fort Lauderdale/Hollywood International Airport and Port Everglades.
Marcus & Millichap’s Mandel, Everett Negotiate Sale Of Class A Office Building
/in Done Deals, News/by adminMarcus & Millichap Senior Vice President and Institutional Property Advisors (IPA) senior director Douglas K. Mandel, along with and C. Todd Everett, SIOR, Director, NOIPG, negotiated the sale of Northpoint Corporate Center, a 98,903-square-foot Class A office building located at 701 Northpoint Parkway in West Palm Beach, Florida.
The deal closed June 30.
Mandel and Everett jointly represented both the Seller, The Realty Associates Fund VIII, L.P., and the Buyer in the transaction.
Since Northpoint Corporate Center was developed in 1988 by Stiles Corporation, the building has attracted such prominent tenants as CBS, BellSouth, BlueCross BlueShield, ADP Inc., Traveler’s Insurance and First American Title.
The property is located at the 45th Street I-95 Interchange in West Palm Beach, just minutes from nearby restaurants, retail shops and the Marriott Courtyard Hotel and approximately 15 minutes from the Palm Beach International Airport. Northpoint Corporate Center was also awarded an Energy Star label in 2011, 2012, 2013 and 2014 for its operating efficiency.
Including this deal, Mandel has closed more than $200 million in sales this year, including the sale of the following Palm Beach County assets:
Let’s Extend A BIG ‘Thank You’ To Douglas Mandel!
/in Done Deals, News/by adminAs many of you know, we were unable to secure the funding necessary to keep the SFOBA website up and running and had announced that we would be deactivating the site effective June 28th.
Just when we thought the site we worked so hard to build was coming down, along comes Marcus & Millichap Senior Vice President and Institutional Property Advisors (IPA) senior director Douglas K. Mandel.
Douglas, single-handedly, has agreed to sponsor the SFOBA website, allowing us to continue to post meeting announcements and relevant news for another year!
Please join us in letting Douglas know just how much we appreciate his stepping up to the plate to save the SFOBA site!
Integra Realty Resources Breaks out the Crystal Ball for 2016
/in News, Trends/by adminThank you to Lincoln Property Company and Blanca Commercial Real Estate for hosting the February 10, 2016 SFOBA meeting at Royal Palm Office Park in Plantation. We were treated to an excellent presentation on the 2016 office market from Anthony Graziano, Executive Director of Integra Realty Resources.
The short summary – supply will continue to be constrained as the booming multifamily market drives up the prices on potential office development sites. With diminishing supply, we can expect continued upward pressure on rental rates. Cap rates are expected remain fairly stable as strong demand on the investment side from both domestic and international sources overshadows the increase in interest rates.
As promised, here is the link to the entire 2016 Viewpoint publication from Integra.
https://research.irr.com/index.html?page=1#
Video – By Popular Demand – Channel 7 Meets Miramar Park of Commerce
/in News/by adminMiramar Park of Commerce Promo – SFOBA – Where’s Andy?
Well, it took a little while to get the DVD and upload it. We’d like to thank Sunbeam Properties for providing their entertaining and informative video to the SFOBA Blog. The video was presented at the SFOBA November meeting.
Sunbeam Properties is the owner and developer of Miramar Park of Commerce. They also happen to own WSVN channel 7 in Miami which is well known for it’s uniquely dramatic interpretation of the news. For the November 12, 2015 meeting of the South Florida Office Brokers Association, we got to see what happens when these worlds collide.