Lee & Associates South Florida Q1 Report: Vacancies Stabilize in Key Real Estate Sectors Local retail, office, multifamily and industrial markets continue to outperform national averages… MIAMI, FL (April 23, 2024) – South Florida’s commercial real estate market keeps outpacing the rest of the nation, even as the region is further removed from the pandemic-era frenzy of activity, according to Lee & Associates South Florida’s Q1 2024 market report. Vacancies stabilized in the local…
Apple office hub becomes year’s biggest deal
‘Apple office hub becomes year’s biggest deal’ By Janetsky Lugo – Miami Today April 23, 2024 Coral Gables continues to welcome world-recognized brands as Apple moves in The Plaza Coral Gables. “I think what’s exciting about Apple is that it is an expansion project,” said Mark Trowbridge, president and CEO of the Coral Gables Chamber of Commerce. “This comes on the heels of FIFA bringing their corporate headquarters here, which is a relocation project,…
Prime location drives Doral commercial realty boom
‘Prime location drives Doral commercial realty boom’ By Janetsky Lugo – Miami Today April 16th, 2024 Doral’s prime location continues to drive the city’s high demand for commercial real estate. “The demand in Doral has been steady for years,” said Lee & Associates Senior Vice President Conner Milford. “I haven’t seen any sort of real drop…” Doral is a premier location due to its proximity to PortMiami and Miami International Airport, Mr. Milford said….
Lee & Associates South Florida Completes Industrial Sale in Lake Worth Beach
LAKE WORTH, FL (March 28, 2024) – Lee & Associates South Florida Principal Greg Milopoulos and Vice President Christian Baena successfully brokered the $4.07 million sale of an industrial building in Lake Worth Beach, Florida. The duo exclusively marketed the property on behalf of an existing client that it also represented in a Fort Lauderdale disposition last month. The freestanding industrial manufacturing facility at 1830 Second Ave. N. was sold for the full asking price. Milopoulos…
Lee & Associates South Florida Adds C. Todd Everett, SIOR as Principal
DEERFIELD BEACH, Florida—March 26, 2024 — Lee & Associates South Florida continued its trend of adding top talent to the market-leading brokerage’s team with the arrival of longtime industry veteran C. Todd Everett, SIOR, as Principal. Based in the firm’s Deerfield Beach office, Everett focuses on office and industrial investment sales and leasing. With nearly three decades of industry experience, Everett brings a breadth of knowledge and a wealth of expertise and dealmaking acumen to Lee…
Lee & Associates’ Greg Milopoulos & Christian Baena Close Commercial Property Sale in Davie
DAVIE, FL (March 15, 2024) – Lee & Associates South Florida Principal Greg Milopoulos and Vice President Christian Baena successfully brokered the $3.45 million sale of a commercial property in Davie, Florida. At $415 per square foot, the transaction set a new price per square foot record for the submarket. It did not include the sale of the business. The sale of the 2601 Reese Road property closed on March 12. Glenn’s Automotive was the seller….
Lee & Associates South Florida Promotes Industrial Specialist Conner Milford to Senior Vice President
MIAMI, Florida— February 29, 2024 — Lee & Associates South Florida promoted a pivotal member of its team of industrial real estate specialists, with Conner Milford becoming a Senior Vice President with the firm. Based in Miami, Milford was previously Vice President. Milford started at Lee & Associates South Florida in 2019, after spending the five previous years working on the real estate side of a publicly traded real estate investment trust that operates in…
Lee & Associates South Florida Welcomes Ben Key as Principal
MIAMI, Florida—February 22, 2024 — Lee & Associates South Florida strengthened its market-leading team of talented commercial real estate brokers with the addition of Ben Key as Principal. Operating out of the firm’s Miami and Deerfield Beach offices, Key brings a diversified 20-year background in various components of real estate brokerage and management. Key specializes in retail and industrial value-add, leasing, acquisitions, dispositions and property management. He has expertise in the transformation of underperforming properties and…
Lee & Associates South Florida Closes Sale of Industrial Building in Homestead
MIAMI, FL (February 16, 2024) – Lee & Associates South Florida Senior Vice President Andrew Whitby completed the sale of a Homestead industrial building. The $2.2 million transaction closed on Jan. 18. Whitby marketed the 145 SW 3rd Ave. property on behalf of seller Holiday Professionals LLC, and also represented buyer Charles Fizer. The 10,118-square-foot building is located on a 20,250-square-foot lot with an additional 6,750-square-foot vacant lot adjacent to the property included in the…