Tag Archive for: nai merin hunter codman

Bob Schneiderman To Head New CRE Office

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Bob A. Schneiderman, SIOR has been appointed executive vice president at DTZ’s newly-opened office in Boca Raton, FL. Schneiderman brings more than 26 years of experience in all facets of commercial real estate, and will be responsible for building cooperation in the local CRE marketplace while expanding the DTZ business lines throughout southeast Florida.

Schneiderman spent the past 16 years with NAI/Merin Hunter Codman, Inc., specializing in corporate services and tenant representation. He has been involved in more than 2 million square feet of commercial leases valued at approximately $750 million. His client list includes Charles Schwab, G4S Secure Solutions, Comcast and Oasis Outsourcing.

DTZ, a UGL company, is a global property services firm supplying occupiers and investors with agency brokerage and integrated property and management services in addition to capital, investment and asset management and consultation. DTZ employs 47,000 people in 208 offices across 52 countries.

 

Source:  CRE-sources

NAI/Merin Hunter Codman Names New CFO

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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.

Everett Named Broker Of The Year

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NAI/Merin Hunter Codman, Inc. announced that C. Todd Everett, Managing Director of the Investment Services Group of NAI/Merin Hunter Codman, has been named the firm’s Broker of the Year.

The award culminates a stellar 12-months for Everett, during which time he honed in on exclusively representing lenders and private owners seeking to divest properties around the state of Florida. This marks part of a strategic shift both by Everett and the firm as a whole to capitalize on the burgeoning volume of distressed assets deluging the commercial real estate marketplace. Everett, a seasoned veteran with nearly 20 years in the industry, has helped develop a dedicated team to focus on that specific sector.

“Todd Everett has displayed extraordinary leadership and expertise in the commercial real estate industry in Palm Beach County and along the Treasure Coast,” said Jordan C. Paul, Chief Executive Officer of NAI/Merin Hunter Codman. “Now that leadership and acumen have been brought statewide to owners and lenders, resulting in a strong year for Everett and a great contribution to NAI/Merin Hunter Codman.”

Everett is one of five NAI Merin Hunter Codman brokers who hold the prestigious SIOR designation, the commercial real estate industry’s highest and most exclusive professional certification.  Everett is also the Chairman of the North Palm Beach Treasure Coast Council of NAIOP, the commercial real estate development association; a Founding Executive Committee member of ACRES, the Alliance of Corporate Real Estate Executives & Specialists; as well as a Board Director of the South Florida chapter of NAIOP and Chairman of the Palm Beach County Bus Tour for NAIOP. Such designations are indicative of Everett’s prolific contributions and cooperation with colleagues in the commercial real estate industry in Florida. He is a frequent moderator and panelist debating industry topics and also guests on NPR to speak of topical commercial real estate issues in Florida.

In terms of his brokerage achievements this past year for which he was awarded Broker of the Year by NAI/Merin Hunter Codman, Everett closed some of the firm’s highest profile and most challenging leases and sales including representing the United States Army in one of the larger industrial land transactions in Palm Beach County in recent years, the Army’s purchase of a 13.3-acre parcel in Lake Park for $7 million. It is being developed into a state-of-the-art Army Reserve training facility. That deal and others were culminated with the help of Everett’s dedicated brokerage partners David W. Knott and Ryan R. Dinsdale, both Directors within NAI Merin Hunter Codman’s Investment Services Group. The team currently has a 14-building industrial portfolio up for sale in Melbourne along the Treasure Coast and over the last year has represented owners and lenders throughout the state from South Florida all the way to St. Petersburg and Pensacola and beyond.

Added C. Todd Everett on the award, “I’m honored to have received this distinction at NAI/Merin Hunter Codman. Commercial real estate lenders and owners are faced with unprecedented challenges divesting of troubled assets in today’s market. As a result, we have increasingly been asked to expand our services to serve them in regions throughout the state and in some cases even out of state. The resolutions and success we have achieved for our clients over the past year have been very satisfying for me personally as well as my talented team.”

This marks the third time that Everett has received NAI/Merin Hunter Codman’s Broker of the Year award.

NAI/Merin Hunter Codman Negotiates Complicated 29,000 SF Lease

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NAI/Merin Hunter Codman, Inc. acted as exclusive advisor in negotiating a 29,000 square-foot, Class-A office lease in Palm Beach Gardens, Florida for G4S Government Solutions (“G4S GSI”), the U.S. government’s largest contractor for professional security services.

G4S GSI was considering leaving its current location at Fairway Office Center but instead, in a complicated transaction, NAI/Merin Hunter Codman negotiated early termination of the firm’s existing lease, and in its place structured a new long-term lease that achieved nearly $1 million in savings for the security firm. The transaction also keeps G4S GSI committed to Palm Beach County for years to come. G4S GSI, formerly known as Wackenhut Services, Inc. has over 12,000 employees protecting key sites in the U.S. and abroad.

“We perceived the market for office space as soon bottoming out and poised for a rebound,” said Bob Schneiderman, a Principal of NAI/Merin Hunter Codman and Head of its Corporates Services Division. “We advised G4S Government Solutions to capitalize on remnants of market weakness to strike a superior deal now to cement savings in the future.

Added Paul Donahue, President and Chief Executive Officer of G4S GSI, “We immediately reduced costs by hundreds of thousands of dollars, and when we look at the deal in its totality, our bottom line will benefit from nearly $1 million in savings.”

The core competencies of G4S GSI, founded in 1960, involve providing high-caliber security and fire services to federal, state and municipal government entities for critical assets and infrastructure. The firm has expanded to include additional services such as base operations support, de-mining and unexploded ordnance services, canine services, training support and unarmed security among other services. For years, the firm had its headquarters along I-95 but in more recent years, took over the space of an affiliate at Fairway Officer Center, a three-building complex located off PGA Boulevard by the juncture of Florida’s Turnpike. Between that move and company mergers, G4S ended up subject to a lease that it did not originate and was subject to seven different amendments.

Said Schneiderman, “This was an opportunity to strike a new deal that better suited the operating needs of G4S Government Solutions. We negotiated added measures of lease flexibility as well as protection against escalating operating expenses among other benefits.”

The new lease followed an exhaustive search undertaken by NAI/Merin Hunter Codman for optimum long-term headquarters for G4S GSI. Countless alternative locations were considered, but after extensive negotiations with Fairway Office Center, G4S GSI ultimately chose to remain at the office complex.

G4S GSI occupies the entire third floor of 7121 Fairway Drive as well as a portion of the second floor. Fairway Office Center is a three-building complex totaling 224,000 square feet, adjacent to the PGA National Resort & Spa. The complex, which is institutionally owned, features state-of-the-art fiber optic communications technology and emergency generator backup for uninterrupted tenant operations. The concrete and steel buildings are three to four stories in height.