The Buyer is relocating their distribution facility to this site. CLICK ON THE HEADLINE FOR MORE
Seasoned real estate veteran plans to empower firm with blend of financial acumen and unique Disney & NFL-related creativity. CLICK ON THE HEADLINE FOR MORE
Orange Boulevard, LLC has purchased the former Vogue Tyre Center Building, a 24,240 square foot warehouse building located at 2700 NW 55th Court, Fort Lauderdale for $1,500,000 or $62.00 per square foot.
The Buyer is relocating their distribution facility to this site. The seller was Vogue Tyre and Rubber Company.
Steven Davis of Sperry Van Ness Commercial Realty in Fort Lauderdale, Florida represented the Seller in the transaction, and Frank Morrison, with NAI Rauch Weaver Norfleet Kurtz & Co., represented the Buyer.
NAI/Merin Hunter Codman, Inc., announced that Dung T. Lam has joined the firm as Chief Financial Officer.
Mr. Lam is a seasoned real estate veteran who has extensive experience leading the financial operations of major real estate development, management and investment firms. He previously served as CFO for several prominent South Florida real estate firms including J.I. Kislak, Inc., where he had fiscal and operational oversight over corporate investments and a national commercial real estate portfolio, Royal Palm Communities where he was involved in the acquisition and development of over $500 million in residential assets and the Swerdlow Group, where he had fiscal oversight of the $5 billion Biscayne Landing mixed-use development in North Miami.
Mr. Lam brings to NAI/Merin Hunter Codman a strong background in numerous areas including capital raising, investment analysis, acquisitions and property management. He further provides broad-based strategic planning and corporate finance experience honed while working in financial leadership positions at the Washington Redskins and at the Walt Disney Corporation.
“Dung Lam brings an extraordinarily strong background to NAI/Merin Hunter Codman” said Jordan C. Paul, CEO of NAI/Merin Hunter Codman. “He has a diverse set of skills and an outstanding history of accomplishment in a variety of challenging environments. We are excited about bringing someone with his strong background and skill set to our firm and look forward to him helping us build on NAI/Merin Hunter Codman’s three decades of excellence. We foresee significant opportunities to invest with and help create value for our clients as Florida’s commercial real estate markets strengthen over the coming years, and Dung’s talents and experience will bolster our existing service platforms and help us expand into new areas of opportunity. “
At NAI/Merin Hunter Codman, Mr. Lam will oversee the accounting and financial management functions for the firm and its 5 million square foot management and leasing portfolio which includes office, industrial and retail properties throughout Florida. Mr. Lam is also expected to broaden the firm’s reach into other sectors including multifamily, where he has extensive experience having previously served as a Board of Director member of the National Multi Housing Council. Mr. Lam will also be involved in capital-raising as the firm looks to raise funds that will allow it to invest side by side on a select basis with key clients on properties that it manages.
Added Dung T. Lam of his new role as CFO of NAI/Merin Hunter Codman, “I am very excited about joining NAI Merin Hunter Codman and was drawn to the firm’s successful 30-year track record and leadership. I plan to build on the firm’s strong existing platform with an eye toward enhancing and adding new customized concepts to better serve clients and broaden the firm’s comprehensive real estate services.”
Mr. Lam’s prior work at Walt Disney Corporation in the Strategic Planning group included spearheading the planning and pricing for the Disneyland Resort including Disney’s California Adventure theme park and responsibility for financial oversight related to the five-star Grand Californian Hotel & Spa. Prior to joining Disney, Mr. Lam was the Manager of Financial Planning & Analysis for the Washington Redskins where he helped drive the franchise into the 2nd most valuable in the NFL, increasing its value from approximately $800 million to $1.5 billion in just two years.
Mr. Lam began his career on the financial side of the defense industry working for Northrop Grumman in a division focused on homeland security post 9/11, and before that, at Lockheed Martin where he initially received his formal professional training in corporate finance and accounting. Mr. Lam holds an M.B.A. and a B.S. from the University of Maryland.
Steve Davis & Frank Morrison Team Up For 24,000 SF Warehouse Sale
/in Done Deals/by SFOBA STAFFThe Buyer is relocating their distribution facility to this site. CLICK ON THE HEADLINE FOR MORE
NAI/Merin Hunter Codman Names New CFO
/in News/by SFOBA STAFFSeasoned real estate veteran plans to empower firm with blend of financial acumen and unique Disney & NFL-related creativity. CLICK ON THE HEADLINE FOR MORE