FORT LAUDERDALE, FL (JULY 21, 2022) – Lee & Associates South Florida Principal Matthew Jacocks, Senior Vice President Matthew Katzen and Firm President Matthew Rotolante teamed up to broker the sale of a retail condominium on the ground floor of the 350 Las Olas Place high-rise in downtown Fort Lauderdale. The $3.6 million sale of the 7,060-square-foot unit closed on July 15. The brokers represented seller Georgia Notes 18, LLC in listing the 350 SE…
Lee & Associates South Florida Q2 Report: Miami Industrial Vacancies Reach Decade-Low, Out-of-State Investors Flood Multifamily Sector
Miami Industrial Vacancies Reach Decade-Low, Out-of-State Investors Flood Multifamily Sector Office market faces uncertain future amid broader challenges, while local retail sector continues to outperform rest of nation MIAMI, FL (July 20, 2022) – South Florida remains a hot target for commercial real estate investors from all over the nation, but supply constraints are a major challenge for the region’s key sectors according to Lee & Associates South Florida’s Q2 2022 market report. The…
‘Fried on Business’ Jim Fried Hosts Matthew Rotolante, SIOR, CCIM on Miami Radio Show
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…