Lobinsky Herring Team Pulls Out Of Cabot Listings

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Effective Friday, September 16th, Deanna Lobinsky, Travis Herring and Andy Ackerman have discontinued their association with the four Cabot Investment office buildings they once represented on behalf of the owner.

  • Corporate Center, located at 110 E Broward Blvd., Ft. Lauderdale
  • Cypress Creek Tower, located at 800 W Cypress Creek Road, Ft. Lauderdale
  • Preferred Exchange Tower, located at 3111 University Drive in Coral Springs
  • Trafalgar Plaza I & II, 5300-5310 NW 33rd Avenue, Ft. Lauderdale

No reason was given for the CBRE team’s departure, but rumors began swirling about a month ago regarding Cabot’s inability to pay brokerage fees in a timely manner.  ‘Nuff said.

September 7th Designated “110 Tower Day”

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110 Tower, the 30-story, 391,473 square-foot ‘class-A’ office building located in Downtown Fort Lauderdale’s Central Business District, is pleased to announce that Mayor Jack Seiler and the City Commission of Fort Lauderdale have designated September 7, 2011 as “110 Tower Day” in the City of Fort Lauderdale.

The Proclamation, presented by Commissioner Romney Rogers during the City Commission meeting on September 7, was issued in recognition of 110 Tower earning the prestigious LEED Gold certification from the U.S. Green Building Council (USGBC), and comes merely two weeks after 110 Tower also won the GalaVerde award in the LEED for Existing Buildings category presented by USGBC’s South Florida Chapter.

110 Tower is currently the only option for tenants seeking a LEED Gold certified building within a multi-tenant high-rise office tower in Downtown Fort Lauderdale. Less than 300 buildings worldwide have received 110 Tower’s high-level distinction. In addition, 110 Tower achieved an ENERGY STAR® rating from the Environmental Protection Agency (EPA), the only building in the Central Business District to earn this recognition.

David Castilla, president, GenCap Partners, representing the owner of 110 Tower, accepted the proclamation on the team’s behalf, thanking the City of Fort Lauderdale for their unwavering support and reinforcing the team’s commitment to strong sustainability policies in order to afford tenants and surrounding neighbors the long-term benefits their investment provides.

110 Tower is in the midst of a comprehensive $15 million renovation program that includes upgrades to the ground floor lobby, new interior and exterior retail spaces, upgraded upper-floor common areas, restroom and other interior spaces, replacement and improvement of all building primary mechanical systems, and a unique exterior lighting system. Since coming on board as the building’s property management and commercial leasing team in 2009, Transwestern has leased more than 200,000 square feet of office space of which 90,000 are new tenants. 110 Tower’s onsite property management team utilized the expertise of Transwestern Sustainability Services, a LEED consulting firm based in Milwaukee, to achieve their goals for 110 Tower. The team included AECOM, City Construction, Coastal Building Maintenance, ECO and DebonAir Mechanical.

In order to achieve the heightened standards of LEED Gold from USGBC, GenCap Partners and Transwestern incorporated a number of enhanced eco-friendly strategies, resulting in an even greater environmental impact. These features included:

  • Energy Efficiency:  The Tower’s Energy Star score was 86, placing it in the top 14% of similar buildings nationwide. The building emits 33% less greenhouse gas emissions than an average building, and is saving more than $198,000 on utility bills annually.
  • Sustainable Site: A highly reflective roof surface and an 8,798 square-foot vegetated roof area reduces the urban heat island effect, and minimizes the impacts of microclimates on humans and wildlife.
  • Water System Efficiency:  The implementation of a water efficiency program, including plumbing fixture retrofits, accomplished a 35% reduction of water use in all fixtures.
  • Green Cleaning:  The Tower utilizes products and equipment that are toxin-free to preserve air quality in the building.
  • Recycling: Implementation of a waste stream audit and occupant education programs to increase the amount of recycling and waste diversion in the building.
  • Purchasing:  The Tower uses a green office supply purchasing program to minimize the environmental impacts related to energy use, resource depletion, and waste.

New Commercial Information Exchange Launches In South Florida

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Introducing South Florida’s newest electronic database – FloridaCIE.

ePropertyData has introduced FloridaCIE, a new commercial real estate information exchange specifically for the Miami Dade, Broward and Palm Beach Counties, providing members with access to professional marketing tools, plus organized, analytical data for research and sales. For just $65 monthy, (yep, you got that right…only $65!) members have access to:

  • TENANT LISTS
  • CUSTOM MARKET AREAS
  • POLYGON SEARCHES
  • AUTOMATIC NOTIFICATIONS
  • COMPARABLE SALES
  • MARKETPLACE ANALYTICS
  • BROADCAST EMAILS

FloridaCIE is “property-centric,” meaning that the database that underlies the CIE system is structured and patterned upon an inventory of all the commercial parcels and buildings in the tri-county market. A property -entric system produces more accurate data! The system allows for historical sale and lease transaction tracking in addition to current data.  Sale and lease listing systems cannot compare.

Search commercial real estate for sale and for lease. Search commercial land and multi-family listings. Access listing information for Office, Industrial and Retail product.

Members also have access to tenant information, iPad Mobile App, fastFlyer, National Haves and Wants Database and Investit Lite software – all FREE with their paid subscription!

Come see for yourself!  CRE-sources will be co-hosting a demo of FloridaCIE along with Liberty Property Trust on Wednesday, September 14th at Sunset Plaza, located at 13621 NW 12th Street in Sunrise.  A light breakfast will be served.

All attendees will receive an exclusive 30-day free trial!  CLICK HERE TO REGISTER

Ron Sneidman Goes Single Shingle

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Effective September 1, 2011, Ron Sneidman has decided to go out on his own, focusing on Investment Sales as well as Buyer and Tenant Representation as a Sole Proprietor.

Ron began his commercial real estate career in 1982 and has worked for a variety of respected organizations including Marcus & Millichap, Grubb & Ellis, Colliers International, and Citigroup.  He spent the last 13 years with Penn-Florida.

Ron has also served as tenant and buyer representative for many national accounts including Citigroup, Primerica, Kemper Insurance, and Dunkin’ Donuts.  He has also represented numerous office buildings including South City Plaza, One City Centre, 101 Renaissance Centre, One Ocean Plaza, and Reynolds Plaza.

You can reach Ron at rsneidman@gmail.com or at 954.240.8575.

Florida CRE Market Heading Toward Recovery?

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As of mid-year 2011, the Florida commercial real estate market reveals a marked turning point that began late 2010, according to the Florida Market Perspective Mid-Year 2011, a comprehensive assessment and outlook on commercial real estate throughout the state, released by CB Richard Ellis (CBRE).

“Our outlook for Florida is a slow and steady recovery over the next five years,” says Mary Jo Eaton, Senior Managing Director for CBRE in Florida. “During the remainder of 2011 we anticipate seeing more leasing and sales activity—largely in prime submarkets.”

Key Findings:

  • Select industries are beginning to re-establish their confidence in the market through expansions and long-term lease commitments.
  • Multihousing properties are highly targeted by investors in Florida. In core markets, international investors continue to show strong interest in commercial real estate assets.
  • Distressed assets continue to be a concern, but Florida’s lengthy foreclosure process slows the delivery of distressed assets available for acquisition.

Comparatively, Miami is leading the state in new activity. While lease renewals dominate markets outside the core regions, such as Jacksonville and Southwest Florida, market indicators including rental rates and occupancy are showing signs of stabilization. North and Central Florida markets have yet to experience a surge in activity, but CBRE Florida leadership agree that stabilized market indicators and strengthened fundamentals put Florida in a good position for recovery.

What’s your take?  Share your perspective by leaving a comment below.

 

 

CBRE’s Florida Market Perspective reports on seven major markets in Florida, covering office, industrial, retail, and multifamily properties. For the complete look at commercial real estate in Florida, go to www.cbre.com/fmp.

RWNK and Brenner Beef Up

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Andrew Rudzinski and Donald Paurowski have recently joined the NAI Rauch Weaver Norfleet Kurtz team.

Andrew joins RWNK as an Associate, specializing in office and industrial properties.  He brings 15 years of commercial real estate experience, with a primary focus on managing office and industrial portfolios for such clients as Invesco, DP Partners, CBREI, TIAA-CREF and Brandywine Realty Trust.  Andrew was formerly with CB Richard Ellis.

Donald also comes aboard as an Associate, with a specialty in Investment Sales.  He specializes in the sale of multi-family and commercial real estate in the tri-county area, with a focus on apartments,  warehouses, strip centers and office properties.  Mr. Paurowski also assists with the leasing of these properties.

Brenner Real Estate Group has also added two more to their roster – Peter Messina, Vice President-Commercial Brokerage and Mark Dreyer, Commercial Associate.

Pete will be servicing and expanding the commercial real estate brokerage, property management, recervership and development services for Brenner in SW Broward County.

Mark brings his diversified domestic and international experience and success in direct sales, management, operations, acquisitions, strategic planning and business channel development.