The $1.125 million sale closed on February 28, 2013. CLICK ON THE HEADLINE FOR MORE
Listokin completed 44 commercial real estate transactions valued at $35.5 million. CLICK ON THE HEADLINE FOR MORE
Reese Stigliano, Senior Vice President of Brenner Real Estate Group, represented the seller in the sale of a 36-unit residential apartment complex located in Hollywood.
The Seller was Akron Corporation, a Miami Beach-based company. The Buyer was Trust Real Estate Ventures LLC, a Hallandale Beach real estate investment company. The $1.125 million sale closed on February 28, 2013.
This is the second time Reese sold the property. In 2010 Reese represented JP Morgan Chase in the sale of the property to Akron Corporation. According to Charles Goodman, president of Akron Corporation, “When I bought the property from Chase, I was extremely impressed with Reese. Even though he represented the Seller, I had complete trust in him. He treated me honestly and was a consummate professional all the way through the transaction. When I purchased the property, there was no due diligence material. Reese was extremely helpful, answering questions and tracking down missing documents needed for the closing.”
According to Goodman, “When it came time to sell the property, Reese was the first person I called. I admired his knowledge, his tenaciousness and I knew he would do a good job for me.
“The property, built in the 50’s, was not an easy property to sell. The 36 units are spread out as 18 duplexes on 2 acres of land.” said Reese. “Fortunately, I was able to use all the work I did on the first transaction, to make the second sale close without a hitch.”
Robert Listokin, SIOR, Executive Vice President, was named the top broker at Colliers International South Florida for 2012.
Listokin was also the top broker in 2011, and has been in the top five since he has been with Colliers. Listokin completed 44 commercial real estate transactions valued at $35.5 million in 2012. His leasing and sale activity is an effective measure of South Florida’s business climate, and reflects the diversity of new companies coming into the area and those expanding in the region.
One of several noteworthy deals Listokin consummated in 2012 was the sale of a 75,000-square-foot former AEQUICAP building on behalf of the Florida Department of Financial Services. The former Cleveland Clinic facility at 3000 West Cypress Creek Road in Fort Lauderdale was vacant after having been renovated to accommodate an insurance company that purchased the property. Listokin and his associate Sal Bonsignore represented the seller, the State of Florida, and their colleagues at Colliers, John Crotty and Michael Fay, brought in the buyer, OneBlood, Inc. A consolidation of blood banks and blood services groups from around Florida, OneBlood will occupy the entire building, which it purchased for $9.8 million.
Listokin’s tenacity and dedication to a client’s changing needs can translate into years of work before a deal is finalized. In 2012, Listokin and his associate Peyton Moore negotiated a 10,000-square-foot lease on behalf of JVB Financial Group, LLC, after more than two years of searching out office facilities to buy or lease, as a result of shifts in the client’s real estate requirements. JVB Financial, a municipal bond sales and trading company with offices in Boca Raton and New York, will move into new offices at Lynn Financial Center in Boca Raton this spring.
Just recently, Listokin was a finalist in the office leasing category for the 2013 NAIOP Awards of Excellence. He has been named a Power Broker for Office, Industrial and Retail leasing in Broward County for 2012. Listokin’s client list is broad, ranging from Hair Club for Men, LTD to megafirms including Travelers Indemnity Co., First Service, Sears, and the U.S. Government.
Robert Listokin has worked consistently in the South Florida commercial real estate market since 1986. In his 25+ year career, he has leased or sold millions of square feet of commercial property with an aggregate value well in excess of $1 billion. Over the years, Robert has represented such companies as Humana, Prudential, Nortel, H & R Block, American Media, Inc. and the State of Florida, among others.
Robert reunited with Colliers International in July 2000, 15 years after his affiliation with its sister firm in Philadelphia, Colliers L & A. Robert served as Senior Vice President and partner in the Newman Group, and in 1990 he established Equivest Properties, Inc. He was responsible for all of the company’s growth and development, including the procurement of agency assignments for office, industrial, retail, and investment property, tenant representation and training of additional salespeople. In July 2000 he merged Equivest Properties with Colliers International.
Stigliano Closes 36-Unit Multi-Family Project
/in News/by SFOBA STAFFThe $1.125 million sale closed on February 28, 2013. CLICK ON THE HEADLINE FOR MORE
Robert Listokin Named Top Broker
/in News/by SFOBA STAFFListokin completed 44 commercial real estate transactions valued at $35.5 million. CLICK ON THE HEADLINE FOR MORE