NEWS

MIAMI, Florida—November 11, 2024 — Lee & Associates South Florida significantly strengthened its hospitality brokerage capabilities with the addition of Garrick Benabe as Principal. Based in Miami, Benabe is a hospitality investment sales specialist with a knack for handling complex transactions. An award-winning power broker, Benabe most recently served as Director of Hospitality Investments at APEX Capital Realty. In that role, he led initiatives in hotel development, acquisitions and dispositions. Benabe’s previous experience includes working…

Lee & Associates South Florida Q3 Report: Office Market Demonstrates Resilience Amid National Slowdown Local multifamily and industrial sectors soften in third quarter of 2024, while retail maintains strong performance…   MIAMI, FL (October 23, 2024) – South Florida’s office market is not experiencing the doom and gloom reported in other parts of the country, according to Lee & Associates South Florida’s Q3 2024 market report. The local multifamily and industrial sectors saw sharp vacancy…

MIAMI, FL (OCTOBER 14, 2024) – Lee & Associates South Florida Principal Todd Cohen completed the $6 million sale of a shovel-ready multifamily development site near the Golden Glades Interchange in Miami-Dade County. The buyer plans to develop a 100-unit building on the 4.04-acre property at 190 NW 162nd St. Water Park Villas, LLC, an existing client of Lee & Associates South Florida, sold the site to Murat Capital Partners, LLC. Entitlements and site plan…

‘Retail rents and vacancies tick up, market demand strong’ Miami-Dade retail rents and vacancies have risen slightly but remain steady, according to local experts.   By Abraham Galvan –  Miami Today October 10, 2024   Miami-Dade retail rents and vacancies have risen slightly but remain steady, according to local experts. The vacancy rate is around 2.7% right now, with about 1.3 million square feet of retail space under construction and around 861,000 square feet that was…

Miami, FL (October 9, 2024) – Lee & Associates South Florida Principal Greg Milopoulos and Senior Vice President Christian Baena have successfully brokered the sublease of a 20,016-square-foot industrial space at 10165 USA Today Way in the Miramar Park of Commerce. Milopoulos and Baena represented PVH Corp. in the transaction, subleasing the space to Nutrition Formulators Inc., a leading contract manufacturer and formulator of nutraceutical products. This air-conditioned warehouse facility, featuring 3,368 square feet of…

‘What’s Next for Multifamily Concessions?’ A new report predicts a slowdown during the second half. Other expert opinions vary. By Richard Berger  –  Multi-Housing News October 7, 2024   More than one in five professionally managed apartment units across the nation offered concessions in the second quarter of this year. This marks a sharp year-over-year increase, but still below the averages seen during the two previous economic growth cycles, according to Berkadia’s U.S. Apartment Concessions report….

TAMPA, FL (October 4, 2024) – Lee & Associates South Florida Principal Greg Milopoulos and Senior Vice President Christian Baena worked with Lee & Associates Tampa Bay’s Julia Silva, SIOR and Erika Thompson, SIOR to successfully broker the sale of an industrial building in Tampa. The seller is a repeat client of Milopoulos and Baena. The $2.3 million transaction was a testament to the brokers’ creativity and resourcefulness. The 8806 Venture Cove building was originally being…

MIAMI, Florida—October 2, 2024 — Lee & Associates South Florida continues to attract top commercial real estate talent to join its growing roster. Another accomplished industry professional, Michael Hinton, CCIM, is the firm’s newest Principal. Based in Miami, Hinton has more than 25 years of experience specializing in investment sales. He is the 2025 President-Elect of the Florida chapter of influential industry organization CCIM. Hinton’s transaction output exceeds $200 million in total value. Hinton is…

MIAMI, Florida—September 4, 2024 — Lee & Associates South Florida made another significant addition to its expanding roster of talented commercial real estate brokers with the arrival of a team led by new Principal Sebastian Misiewicz. The industry veteran is joined by Associate Ethan Amar. The brokers will split time between the firm’s Miami and Deerfield Beach offices. Before Lee & Associates South Florida, Misiewicz was a Senior Associate at CBRE. His impressive career also includes…