Lee & Associates South Florida, one of the largest agent-owned national commercial real estate firms, has announced that Victor Pastor has been promoted to Principal with the Lee & Associates South Florida Office. Victor Pastor joined the new Lee & Associates office in South Florida in August of 2018 as Senior Vice President of Retail Investment Sales with the goal of earning Lee & Associates’ highly coveted status of Principal in the firm. Achieving the…
New Kohler Signature Store Has a Successful Grand Opening in Pinecrest, FL
Lee & Associates South Florida, the largest agent-owned national commercial real estate firm, proudly announces the Grand Opening of South Florida’s first Kohler Signature Store located at 10025 S Dixie Hwy in Pinecrest, FL, just a few blocks south of Dadeland Mall. Matthew Rotolante, Victor Pastor and Nicole Messer represented the property owner, Trimline Design Center, who has operated their business out of this property since 1964. They had plans to divide their building into…
South Florida’s Industrial Market Prices Cooling After 2018 Surge
South Florida’s hottest asset class may finally be cooling down. Here’s a quick update on the status of South Florida’s Industrial Market: Vacancy rates increased and rental rates decreased for industrial properties in some parts of South Florida in the first quarter, according to a recent report from Colliers International South Florida. Some experts project that the industrial market is due for a correction after prices have skyrocketed and inventory has soared. While many segments…
2019 Baynanza Beach Cleanup and Team Picnic!
Saturday April 13th, 2019, the Lee & Associates South Florida Team got together to give back and participate in Miami-Dade County’s annual Baynanza Biscayne Bay Beach Clean Up event. We had the opportunity to come together with our community to remove trash and debris on Virginia Key Beach, which only weeks prior had hosted the famed Ultra Music Festival. The Team started the day at 9 am, getting registered and then set-off on our cleanup,…
Industrial Sector Remains ‘Red Hot’ Despite Headwinds
Investors still see industrial properties as favorably as they did six months ago, despite global trade tensions and labor shortages. Trade talks between the U.S. and China are looming over the industrial sector. Due to these ongoing trade tensions, retailers are importing larger quantities of products than normal, in an attempt to beat potential hikes in tariffs on goods from China. Barring successful negotiations, the U.S. plans to raise the 10 percent tariff on $200…
Lee & Associates South Florida Announces the Lease of a New Sunrise Location for Flanigan’s Seafood Bar & Grill
MIAMI, FL — April 8, 2019 — Lee & Associates South Florida, the largest agent-owned national commercial real estate firm, proudly announces a 10 year lease to Flanigan’s Seafood Bar & Grill at 14301 W Sunrise Blvd in Sunrise Fl, one block west of Sawgrass Mills Outlet Mall. As South Florida’s favorite seafood chain, this marks Flanigan’s Seafood Bar and Grill’s 24th location. Matt Rotolante, Victor Pastor and Nicole Messer were able to recruit Flanigan’s…
Law Firms Do It. Why Not a Commercial Real Estate Firm?
For those who passed the Bar Exam, it’s a foregone conclusion. If a lawyer works hard enough, is a team player, and brings in their share of business, he’ll make Partner within 5 years. So why do lawyers get offered Partnerships and not Commercial Real Estate Agents? Is it because they passed the Bar exam? Is it because they attended 4 years of Law school? Is it because they make more fees than a Commercial…
Miami Investor Picks Up Industrial Site Next To Florida Turnpike
Investor Peter Greither sold an industrial property next to the Florida Turnpike in Miami to an affiliate of Rodan Property Management for $12.25 million. Greither’s Greither Holdings LC sold the 5.8-acre property at 14121 to 14267 Southwest 119th Avenue. The buyer is Rodan X LLC, which is tied to Alireza Shadravan of Coconut Grove, according to Central Commercial Real Estate. Enrique Jordan of Central Commercial Real Estate represented the seller, while Stephen Hendricks of Southeast Property Management brought the buyer. The deal includes about 121,500 square feet of warehouse space just…
South Florida Continues To Be A ‘Safe Haven For International Investments’
Industry experts and research analysts have been telling Globest.com for some time now about the high demand and strong fundamentals that now exist in the South Florida real estate market. For example, Calum Weaver, executive managing director of Cushman & Wakefield’s capital markets division in South Florida and the leader of its multifamily investment properties team, recently said, “The South Florida multifamily fundamentals are and will continue to remain strong. Population/household growth, lower homeownership rates, higher…