In a resounding repudiation of the political class, on June 23, 2016, the citizens of the U.K. overwhelmingly voted to leave the European Union by a margin of 52% (17.4 million voters) to 48% (16.1 million). The “British exit”, commonly known as “Brexit”, was opposed by all 5 U.K. political parties, as well as President Obama, Chancellor Merkel, and almost every political leader around the globe. The vote was framed as a choice between maintaining economic and political stability (the “stay” camp) versus national sovereignty (the “leave” camp).
CLICK HERE to read the rest of The Linneman Letter.
On average, Red Cross helps more people after home fires than all other disasters combined. To combat this threat, Red Cross and its partners have launched an initiative that aims to reduce deaths and injuries caused by home fires by 25% in the next 5 years with the Home Fire Campaign. NAI/Merin Hunter Codman’s REAL Leaders took part in this campaign on Friday, June 10th. Over 15 volunteers worked together going door to door in a local community to install over 40 smoke detectors, distribute fire safety information packets and educate families on the importance of having a Home Fire escape plan.
Home Fire Facts:
- Seven times a day, someone dies in a home fire. Every 40 minutes, an injury from a fire is reported
- Nearly 1,000 times every day, fire departments are called to home fires
- Damage from US home fires is bigger than the entire annual sales of many Fortune 500 companies
- Data shows that the 4 percent of homes without smoke alarms represent nearly 40 percent of the home fires, and that working smoke alarms can double someone’s chance of surviving a fire
To see how you can help the American Red Cross and their campaign, CLICK HERE.
NAI/Merin Hunter Codman Names Vice President of Property Management & Vice President of Construction Management
West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., Palm Beach County’s leading commercial real estate services firm, is excited to announce leadership changes within the firm. Carey Kingree, RPA, FMA has been promoted to Vice-President of Property Management and Richard Havens has been promoted to Vice President of Construction Management.
Carey Kingree joined NAI/Merin Hunter Codman in 2005 as Senior Property Manager. As Vice President of Property Management, Ms. Kingree oversees and directs all aspects of property management operations for NAI/Merin Hunter Codman’s 5,000,000 square foot portfolio of office buildings, retail centers and industrial projects across the state of Florida. In addition to overseeing all property management personnel, Ms. Kingree also supervises budgeting, reporting and bidding for all NAI/Merin Hunter Codman managed properties. Working closely with NAI/Merin Hunter Codman’s accounting, engineering and construction divisions, Ms. Kingree ensures that all managed properties are operated to first-class standards focusing on cost effective and environmentally sustainable processes and procedures. Prior to NAI/Merin Hunter Codman, Ms. Kingree worked as a Property Manager for Equity Office, the largest office REIT in the United States.
Richard Havens joined NAI/Merin Hunter Codman in 2009 and has served as Director of Engineering and Property Management. As the Vice President of Construction Management, Mr. Havens is now responsible for the overall success of NAI/Merin Hunter Codman’s general contracting and construction management operations. Mr. Havens oversees all facets of construction project management, including general contracting operations, pre-construction services, estimating and field management. Mr. Havens holds a degree in Civil Engineering from Florida State and has an extensive construction management background, having previously worked for prominent national and international firms including Taylor Woodrow and Jacobs Engineering.
CLICK HERE TO VIEW THE FULL PRESS RELEASE.
NAI/Merin Hunter Codman’s Team REAL LEADERS discovered a western Palm Beach County wonder of the world. Team REAL LEADERS had the unique privilege “giving back” at the Panther Ridge Conservation Center, a 10-acre big cat retreat, in Wellington, FL. Our REAL LEADERS were warmly welcomed by Judy Berets, Director, of Panther Ridge Conservation Center, as well as some of her famous residents, Amous a black leopard, Charlie the cheetah, Brandy the puma, Phoebe a caracal, Duma a serval and many more exotic felines. NAI/Merin Hunter Codman volunteers spent the day learning about each species while cleaning, painting, trimming, raking and laying pavers, ensuring the lush center is ready for guests. CLICK HERE to see some pictures from the volunteer day.
Did you know? Between 2,000 and 5,000 tigers are in captivity in the United States along with untold numbers of lions, leopards, cougars and other exotic cats. Captive big cats can live up to 20 years. As a result, every year more and more of these animals are abandoned or neglected by their owners. Panther Ridge Conservation Center, a 501(c)3 not-for-profit corporation, is dedicated to providing a lifetime home for captive exotic felines that have been abandoned, abused or are simply unwanted. Once a cat is accepted by Panther Ridge, its needs are met for the rest of its natural life – it will never again be in need of a home, or at risk of neglect or mishandling. But…
Panther Ridge needs our help, housing, feeding and care of exotic cats is challenging and costly. Diet requirements, veterinary expenses, housing enclosures and maintenance costs can run upwards of $150,000 per year. And sadly, the facility must often turn down requests to house additional animals due to lack of funds. What can you do? Donate time, consider “adopting” one of the magnificent cats, or special public appearances can be arranged. Do you have friends coming to town or need a gift idea? Bring your loved one to Panther Ridge and take one of the most intimate, informative and heartwarming tours you’ll ever experience.
Panther Ridge Conservation Center truly is a wonder of the western Palm Beach County World. Help us, spread the news:
Address: 14755 Palm Beach Point Blvd, Wellington, FL 33414
West Palm Beach, Fla. – Jordan Paul, CEO of NAI/Merin Hunter Codman Inc., Palm Beach County’s leading commercial real estate services firm, is pleased to announce the completion of over 250,000 square feet of commercial real estate sales and leasing transactions in the first quarter of 2016.
“Our brokerage teams have hit the ground running in the first quarter of 2016, completing sales and leasing transactions on over 250,000 square feet of commercial real estate,” said Jordan Paul, CEO of NAI/Merin Hunter Codman. On the investment sales side, Bruce Corn, Managing Director, completed the sale of the 26,700 square foot Palm Beach Golf Center located at 7700 N. Military Trail, Riviera Beach. Jason L. Sundook, SIOR, Principal and Spencer Grossman, Director also completed the sale of 1425 Gateway Boulevard, a 28,000 square foot former charter school in Boynton Beach.
Tenant representation services were provided by David W. Knott and Ryan R. Dinsdale, CCIM of NAI/Merin Hunter Codman’s Investment Services Team, who facilitated a 30,000 square foot lease expansion for RAVE, LLC, a global supplier of advanced equipment for leading edge semiconductor and nanotechnology applications.
Lesley Sheinberg, a NAI/Merin Hunter Codman Director, who specializes in medical site facilitation, secured two facilities for ChenMed (Chen Neighborhood Medical Centers South Florida) totaling 25,000 square feet in Lakeland, Florida. ChenMed is a family-owned, family-oriented organization committed to bringing superior health care to moderate-to-low-income seniors.
Richard Brockney, Director of NAI/Merin Hunter Codman’s South Palm Beach County leasing team, facilitated a total of 21,000 square feet of new leases, including a 13,000 square foot lease with Shendell & Pollock, a local law firm, on behalf of Fountain Square Owner, LLC at Fountain Square in Boca Raton.
CLICK HERE to read the full press release.
Join us in congratulating the 2016 Power Leaders in Real Estate! 100 South Florida Real Estate Executives were chosen by the South Florida Business Journal because of their efforts to transform the region’s landscape and skyline. Our very own Neil Merin, SIOR, CCIM, has again been recognized by the prestigious South Florida Business Journal. Jeremy Larkin, Co-Chairman of NAI Miami, also made the list.
CLICK HERE for more details.
NAI/Merin Hunter Codman Named #1 Property Management Firm and Top 4 Commercial Real Estate Firm in Palm Beach County
– NAI/Merin Hunter Codman is recognized by both Costar Group and the South Florida Business Journal –
West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., Palm Beach County’s leading commercial real estate services firm, has been recognized by the South Florida Business Journal’s 2016 Book of Lists as the #1 Property Management Firm and #4 Commercial Real Estate Brokerage Firm in Palm Beach County. In addition, the firm will be receiving their 11th consecutive Top Leasing and 9th Top Sales Firm accolades according to the 2016 CoStar Power Broker Awards. Neil E. Merin, SIOR, CCIM, Chairman of NAI/Merin Hunter Codman, will receive his 12th consecutive Top Leasing and 3rd Top Sales CoStar Power Broker Awards.
For more than 30 years the South Florida Business Journal, of The Business Journals, has been producing “Top” lists of tri-county businesses, charities and professionals recognizing South Florida industry leaders. In April, the South Florida Business Journal published their “2016 Book of Lists” naming NAI/Merin Hunter Codman as the #1 Property Management Firm and #4 Commercial Real Estate Firm in Palm Beach County. Furthermore, Chairman, Neil E. Merin, CCIM, SIOR has been recognized by the South Florida Business Journal as a leader/heavy hitter in commercial real estate.
In addition to NAI/Merin Hunter Codman, a total of three other NAI Florida offices were recognized by The Business Journal including NAI Realvest (#8 Orlando), NAI Tampa Bay (#8 Tampa) and NAI Miami (#23 South Florida). The Business Journal’s 2016 rankings are based on aggregate dollar volume of 2014 sales and leases in South Florida.
CLICK HERE to read the full press release.
NAI/Merin Hunter Codman, Inc. is pleased to bring to market 45th Street Plaza, a 128,362 SF retail shopping plaza that offers investors multiple ways to completely redevelop the asset. The plaza was constructed in 1985 with renovations in 1997 and rests on 9.68 acres in West Palm Beach, FL. Existing national and local tenants offer an in place income while implementing a value-add strategy. The adjacent 1.15 acres of land on South Tiffany Drive can be made available, and the property has the ability to create multiple out-parcels.
CLICK HERE for more information.
“Wall Street is in a panic, supposedly worried about a rising dollar, slowing Chinese growth, plummeting oil prices, a U.S. recession, and increasing interest rates. While these supposed rationales are more cover stories than real reasons, this panic caused stock prices to fall by 12% between year-end 2015 and February 11th, hitting a low not seen for two years. And as Wall Street jitters caused a flight to safety, 10-year Treasury yields fell by 20 bps and mortgage spreads widened by 100-200 bps. In addition, nervous lenders pulled back on mortgage origination growth, especially for commercial mortgagebacked securities (CMBS), and loan proceeds fell by 5-10%.
Yet while Wall Street is in a complete tizzy, Main Street continues to move forward: consumer confidence remains largely unchanged near its historical average; the economy continues to add jobs at a healthy pace; wages are growing faster than inflation; unemployment claims are low; the unemployment rate and the duration of unemployment are falling; and consumer spending remains solid. Thus, while Wall Street fears apocalypse, Main Street merrily dances onward.
This disconnect raises the question, “Who is right: Wall Street or Main Street?”
To find out the answer and read the rest of the excerpt, CLICK HERE.
NAI/Merin Hunter Codman is very excited to share the news that Palm Beach County’s first Red Apple Supply Store will open soon on Florida Avenue in West Palm Beach! The store will provide free school supplies to teachers in Title 1 (the neediest) schools in Palm Beach County, reducing the need for teachers and educators to pay out of pocket to ensure their classrooms and students have the necessary supplies to succeed.
NAI/Merin Hunter Codman played a significant role in helping to build the store. Ryan Dinsdale, David Knott, and Jordan Paul (who is also a Board Member of the Education Foundation) worked to identify and tour a variety of sites to find the right one. They also worked with the Foundation to help them negotiate the 1,425 SF lease. And to top it off, the brokers and firm donated their share of the commission to help the Foundation get the best economic deal possible.
The store is an initiative of the Education Foundation of Palm Beach County, a privately funded non-profit organization dedicated to bridging funding gaps within the School District of Palm Beach County.
Giving back to our community is a core value for us at NAI/Merin Hunter Codman. We are excited about the potential of the Red Apple Supply Store. We appreciate having the opportunity to assist the Education Foundation of Palm Beach County and look forward to its success!
For more information regarding the Education Foundation for Palm Beach County, click here.