Lee & Associates South Florida President Matthew Rotolante with Jim Fried on Miami’s renowned business podcast, “Fried on Business”, discussing Lee & Associates’ exciting platform for brokers to earn more when doing business as a Lee broker in South Florida. The show can be replayed on youtube, as well as on the Fried on Business website, and several Podcasts platforms including Spotify, Apple and Google Podcasts: About Fried on Business Jim Fried has been a…
Construction Costs for South Florida Multifamily Housing Rise by Half
Construction costs for multifamily housing rise by half Multifamily developers are still facing delayed shipments of construction material and rising project costs due to inflation and interest rates. Construction costs are up about 50% for most development projects, said Matthew Jacocks, principal for Lee & Associates South Florida, who specializes in multifamily development. “Every month we’re having to readjust our numbers based upon the rising construction cost,” he said. “There are two factors that are…
5 Acre Self-Storage Development Site Sold for $5.5MM on South Miami-Dade County US-1 Corridor
MIAMI, FL (MAY 23, 2022) – Lee & Associates South Florida President Matthew Rotolante brokers the sale of a 5 acre self-storage development site with prime frontage along US-1 in South Miami-Dade County, Florida. The $5.5 million sale of the two-parcel property located at 23815 S Dixie Highway in Miami, Florida closed on May 16, 2022. Matthew Rotolante represented both the seller, Aetna Realty, and the buyer, Wakefield Development LLC, in the transaction of 217,800…
Lee & Associates South Florida Brokers Sale of Miami Beach Hotel
MIAMI, FL (May 4, 2022) – Lee & Associates South Florida President Matthew Rotolante and Associate Rodrigo Calderon successfully brokered the $6 million sale of a boutique hotel in Miami Beach. The Nakash family, owner of several Art Deco hotels and South Beach’s former Versace Mansion, is the buyer of the 1350 Collins Ave. property. Rotolante and Calderon collaborated with Lee & Associates’ New York office, leveraging the firm’s unparalleled national platform, to facilitate a…
Lee & Associates South Florida Q1 Market Report: Historically Low Industrial Vacancies, Brisk Leasing Activity in Region’s Office Market
Historically Low Industrial Vacancies, Brisk Leasing Activity in Region’s Office Market Multifamily rents continue to surge, while local retail sector outperforms national average MIAMI, FL (April 27, 2022) – Feverish demand is keeping supply levels tight across numerous South Florida commercial real estate sectors, according to Lee & Associates South Florida’s Q1 2022 market report. Most notably, the region’s industrial vacancies continue to reach historic lows – with available land for new construction at…
South Florida Is Experiencing an Industrial Boom Unlike Any Other
South Florida Is Experiencing an Industrial Boom Unlike Any Other. The region’s current boom might be the most impervious to broader cycle downshifts than any comparable period in South Florida’s history. Matthew Rotolante | Apr 18, 2022 As a fourth-generation South Florida native in a family that has actively participated in the market for nearly a century, I have first-hand knowledge of the roller coaster nature of the region’s real estate cycles. South Florida’s current…
Lee & Associates South Florida Adds Andrew Whitby as Senior Vice President
MIAMI, Florida—March 25, 2022 — Lee & Associates South Florida announces the addition of Andrew Whitby as Senior Vice President. Whitby bolsters the brokerage’s Industrial Sales and Leasing team, specializing in South Miami-Dade County submarkets. Whitby brings seven years of experience in both sales and leasing covering all areas of commercial real estate, including office, retail, apartments and a heavy focus in warehouse and industrial transactions. His extensive background in finance includes seven years working…
Multifamily Executive News Discusses Value-Add Activity in South Florida with Matthew Jacocks
BUY, IMPROVE, REPEAT: VALUE-ADD ACTIVITY REACHES A FEVER PITCH Rising prices and falling cap rates are driving investors to far-flung markets for the next hot deal. Call it the HGTV effect on the multifamily market. Late last year, San Antonio-based Lynd Living flipped an apartment building in just eight months for $15.5 million more than it paid. After spending $4 million on renovations and upgrades at Aqua Villa, a 280-unit garden-style community in Margate, Florida,…
Miami Today Discusses Doral Multi-story Warehouse Proposals with Matthew Rotolante
Multi-story Doral warehouses proposed Doral’s commercial industrial rental rates has seen a climb to the point where multi-story vertical warehousing projects are being considered, according to local real estate experts. The process of developing and planning vertical warehouses is more expensive for owners due to specific accommodations to operate, said Matt Rotolante, president of Lee & Associates South Florida. “In order for a multi-story warehouse, which has been feasible in New Jersey, ramps need…