Posts tagged neil merin
West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., Palm Beach County’s leading commercial real estate services firm, is pleased to announce that it completed Palm Beach County’s largest office lease transaction for the year 2016. In December of 2016 the Health Care District of Palm Beach County signed a 7.5 year, 42,000 square foot lease at Flagler Waterview located at 1515 N Flagler Drive, West Palm Beach. Chairman of NAI/Merin Hunter Codman, Neil E. Merin, SIOR, CCIM represented the tenant. Mr. Merin along with Director, Lesley Sheinberg, NAI/Merin Hunter Codman’s Broker of the Year, and Commercial Associate, Matt Hedrick represented the Landlord, 1515 Flagler Property LP. The lease represented a strong end for a record year in which NAI Merin Hunter Codman completed approximately 1,000,000 square feet in lease transactions and over $250,000,000 in sales.
The Health Care District of Palm Beach County, an independent taxing district, is a safety-net health care system formed in 1988 when residents voted to create a healthier community. The Health Care District of Palm Beach County provides an array of health care services, such as a nationally-recognized Trauma System, a School Health program with registered nurses in nearly 170 public schools, health coverage programs for eligible, uninsured residents, an acute care hospital, a skilled nursing facility, and the C.L. Brumback Primary Care Clinics. Currently located in Palm Springs, the Health Care District of Palm Beach County retained NAI Merin Hunter Codman Chairman Neil E. Merin, SIOR, CCIM and his team to represent them in identifying and securing a new headquarters space. The Health Care District of Palm Beach County will be moving their headquarters to Flagler Waterview in the summer of 2017.
CLICK HERE to read the full press release.
West Palm Beach, Fla. – It has been a busy few months for NAI/Merin Hunter Codman. Since June of this year, Palm Beach County’s largest privately held commercial real estate services firm has represented buyers and sellers in approximately $250 million of commercial real estate sales. The investment properties included office, retail and multifamily properties and ranged in size from just under one million to over seventy million dollars.
NAI/Merin Hunter Codman’s Investment Sales Team led by Chairman Neil E. Merin, SIOR, CCIM, Capital Markets Specialist Christian J. Johannsen, CCIM, Retail Specialist Spencer Grossman and Multi-Housing Specialist Wendy Pierre, CCIM, facilitated almost a quarter billion dollars of investment sales transactions representing a variety of institutional and private equity clients. NAI/Merin Hunter Codman accomplished its clients’ goals over what is normally a sluggish summer period in a year which has been notable for a nationwide slowdown in investor demand. In several cases NAI/Merin Hunter Codman’s Capital Markets team was also able to assist its clients by arranging financing for the properties. The firm which also manages and leases approximately 5 million square feet of office, retail and industrial property throughout Palm Beach County has established itself as one of Palm Beach County’s premier investment sales brokers.
Jordan Paul, Chief Executive Officer of NAI/Merin Hunter Codman stated, “Florida, in general, and Palm Beach County, in particular, have continued to be very attractive investment targets in a year where we have seen investors pull back due to economic and political uncertainty. Notwithstanding that perception, our area has benefitted from steady growth in rental rates and absorption along with positive demographic trends that should allow that growth to continue. We are very pleased that our team has been able to effectively convey all that is positive about Florida and Palm Beach County on behalf of our clients. We have a diverse and experienced group of brokers who have done a tremendous job this year representing our clients on a wide variety of investment sales. Our team has combined our market knowledge with the access we have to investors worldwide through our affiliation with the NAI Global network, which has over 375 commercial real estate offices located throughout the world, to provide our clients with an extraordinary level of exposure and outstanding transaction executions for their commercial properties.”
CLICK HERE to read the full press release.
West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., Palm Beach County’s leading commercial real estate services firm, is proud to announce that Chairman, Neil E. Merin, SIOR, CCIM will be honored as 2016 Chairman of the Year by the South Florida Business & Wealth (SFBW) magazine. The annual SFBW Apogee Award program recognizes distinguished South Florida business leaders who hold C-Suite positions. The awards are based on nominations by the public and are selected by SFBW. The third annual, 2016 Apogee Awards will honor three executives in each leadership role — Chairman, CEO, President, COO, CIO, CFO, CMO and Senior Human Resource Executive representing Miami-Dade, Broward and Palm Beach counties.
“The South Florida Business Wealth now joins the South Florida Business Journal, CoStar and Easter Seals in recognition of Neil’s dedication to his craft and community. As the CEO of NAI/Merin Hunter Codman, and as Neil’s personal friend, it is my distinct pleasure to congratulate Neil on well-deserved recognition,” Jordan Paul, CEO of NAI/Merin Hunter Codman.
SFBW will recognize 2016 Apogee Award honorees in the December 2016 issue of the South Florida Business Wealth and during the October 27 ceremony being held at NSU Art Museum in Ft. Lauderdale.
CLICK HERE to see the full press release.
Thank You Easter Seals!
Neil E. Merin and NAI/Merin Hunter Codman Awarded Easter Seals Florida Corporate Partner of the Year
West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., Palm Beach County’s leading commercial real estate services firm, is proud to announce that Chairman, Neil E. Merin, SIOR, CCIM and NAI/Merin Hunter Codman have been awarded Corporate Partner of the Year highlighting commitment to Easter Seals Florida. Upon receiving the awards, Heather R. Weisbrod of Easter Seals Florida, Inc. stated, “Neil, you have always been an Easter Seals enthusiast from the start and we could not be luckier to have you as a leader in our organization. Thank you for the impact you have made by co-creating Get Down To Business and continuing to be a part of the magic now 10 years later. Neil has not only supported Easter Seals through his company but has been committed to the legacy of his family and children by giving each year through his family foundation. Get Down to Business has raised over a half million dollars and rising and that would not have been possible without Neil and NAI/Merin Hunter Codman.”
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’s executives, brokers and staff are back in the saddle after attending our annual NAI Florida Forum and NAI Florida Chapter Meeting which took place October 27-28, 2015 in the Treetop Ballroom of Miami’s Jungle Island. Although, the NAI Chapter Meeting offered a fantastic opportunity to collaborate and learn from our fellow NAI Global, NAI Latin America and NAI Florida members, I must admit this year’s Second Annual NAI Florida Forum stole the show.
The NAI Florida Forum is quickly becoming “the” annual economic event of South Florida. Dr. Charles Bohl, an associate professor and the director of the graduate program in Real Estate Development and Urbanism (MRED+U) at the University of Miami’s School of Architecture, welcomed a packed house of local, national and international business leaders, as well as commercial real estate professionals. Dr. Bohl, who is also an accomplished author and current chair of ULI Southeast Florida/Caribbean District Council, focused on mixed-use development, placemaking and community building in Florida, the US and abroad.
Next, Al Lewis, of the South Florida Business Journal lead, our very own, local expert, and NAI/Merin Hunter Codman, Chairman Neil E. Merin, SIOR, CCIM in an vibrant and insightful panel discussing the current state and future projections of the Latin America, Miami-Dade, Broward and Palm Beach Counties’ real estate markets.
Following our vivacious panel, was my favorite part of the NAI Florida Forum (sorry, Neil), keynote speaker Dr. Peter Linneman. Dr. Linneman is the principal of Linneman Associates, the CEO and founder of American Land Fund and of KL Realty, and the chief economist of NAI Global. Within the first 30 seconds of his presentation, Dr. Linneman captured the audience with his fresh and perceptive take on how the current national economic trends and predicted future outcomes, affect our local markets today and tomorrow.
NAI/Merin Hunter Codman is very fortunate to have been a part of this dynamic industry event and we would like to thank all of those who helped make this event a success. A very heartfelt thank you to our generous sponsors, fellow-event underwriters (NAI Global, NAI Miami and NAI Rauch Weaver Norfleet Kurtz & Co.), and most importantly, Jackie Larkin, NAI Miami’s marketing manager and her assistant extraordinaire, Elizabeth Calderin for all of their hard work in planning such a successful event. We’re looking forward to next year!
Thank you to everyone who joined us at Fairway Office Park’s Third Annual Honda Classic Broker Luncheon. Neil Merin, SIOR, CCIM, Jason Sundook, SIOR and Lesley Sheinberg, NAI/Merin Hunter Codman hosted over 45 brokers from top commercial real estate firms throughout South Florida for lunch, libations, and tours of the beautiful suites available at Fairway Office Park. After lunch, guests were shuttled to watch the PGA’s Honda Classic tournament at one of the most popular spots, the Gosling’s Dark ‘N Story Bear Trap. The Bear Trap offers exciting views of the 16th hole and all the action on the signature par 3 17th hole.
We love co-hosting this event with Fairway Office Park for a variety of reasons:
1. Proceeds from Honda Classic tickets benefit a number of South Florida charities through Children’s Healthcare Charity and the Nicklaus Children’s Health Care Foundation
3. We get to enjoy a great afternoon with colleagues from across South Florida
4. Prizes! We love to give our guests prizes. 2015 winners of a $200 Capital Grill Gift Card, $100 Palm Beach Golf Center Gift Card and $50 Visa Gift Card were, John Geisen of Colliers, Kevin Landers of Savills Studley and Kerry Jackson, SIOR of Reichel. Congrats!
Fairway Office Park is a stunning Class-A office park nestled on a lush 16-acre campus within the prestigious PGA National Resort community, and location of the annual Honda Classic tournament. Offering direct access to the Florida Turnpike and just minutes from numerous Palm Beach Gardens amenities, Fairway Office Park is a smart choice for you or your clients office needs.
South Florida to Benefit From One of Largest Industrial Land Developments in Recent Years: Florida Commerce Park
Park is Ready, Redundant & Sustainable and at Crossroads of Commerce; Park Anticipates Burgeoning Business Related to Expansion of Panama Canal
Miami, Fla. – Skyfarm Strategic Capital LLC (“SkyFarm”), a Miami-based diversified asset management company, today announced that it has received approval to develop a 100-acre industrial park in Indiantown in Martin County, South Florida. The development, Florida Commerce Park, represents one of the largest non-residential land developments in recent South Florida history, and with up to 1.3 million buildable square feet is by far the largest industrial development ever undertaken in Martin County. Florida Commerce Park’s approval comes at an opportune time for trade and industry in South Florida as the Panama Canal expansion, nearing completion, will double the canal’s capacity and have significant trade implications for South Florida. Florida Commerce Park is primed to capitalize on that trade proliferation. The park is situated at a crossroads of commerce — along DOTs critical intermodal roadway system and CSX’s main rail — offering easy access to Florida’s east and west coasts, and the park is only 1.5 hours from PortMiami and even closer to Fort Lauderdale’s Port Everglades. Florida Commerce Park is also “shovel-ready” meaning that businesses can obtain permit-ready parcels —1.4-100 acres in size — saving up to 12 months of permit-processing time. Project development of the park will begin within two months.
“Florida Commerce Park is situated at a crossroads of commerce in South Florida. The park is in an ideal location for trade to and from Latin and South America, Asia, and the Caribbean including trade transiting the Panama Canal,” said Jeremy Shapiro, Director of Corporate Real Estate Development for Skyfarm Strategic Capital. “The park is in a superior logistical location and features exceptional broadband capacity and uninterrupted clean energy sources. Florida Commerce Park is ready, redundant and sustainable.”
Florida Commerce Park, www.floridacommercepark.com, is located in Martin County inland off State Road 710 — one of the state’s main emergency routes — by SW Railroad Avenue. The western border of the 100-acre park runs parallel to the CSX main rail line, and adjacent to rail lines is SR 710. Immediate proximity to these strategic intermodal arteries provides Florida Commerce Park with significant logistical advantages. Furthermore, the park is at high elevation to sea level, which together with its inland location, provides enhanced safety compared to coastal locations prone to tropical storms. The park is situated in a strong path of regional growth and moreover — critical to development in Florida — the park’s comprehensive plan takes on the master water-management system, which translates into more buildable square feet per individual site parcel and, in turn, lower land costs. Skyfarm received final approvals for the industrial park from Martin County.
Amenities bounding the park include an adjacent hotel and restaurants, and retail and medical facilities. Indiantown also boasts a robust and diverse labor pool that businesses in Florida Commerce Park are expected to tap, boosting job growth in the region.
Indiantown has been honored nationally as a Smart Rural Community with high-tech readiness and a secure, redundant, ITS Telecom underground fiber network. Florida Commerce Park benefits from that redundancy. The park is also adjacent to FPL’s power plant, which includes the largest solar-thermal power plant in the eastern U.S. FPL’s energy sources, together with natural gas providers and other sustainable resources, will provide Florida Commerce Park with uninterrupted and sustainable energy at a time when clean energy is of rising importance to businesses seeking social responsibility.
Added, Neil E. Merin, Chairman at NAI/Merin Hunter Codman, “Florida Commerce Park will set the new gold standard for industrial parks in South Florida with its superior logistics, redundancy and sustainability. This is one of the most important new commerce parks to come on the horizon in decades.” NAI/Merin Hunter Codman, one of the largest commercial real estate brokerage firms in South Florida, represents sales and leasing at Florida Commerce Park.
Richard Economou, Managing Director at NAI/Merin Hunter Codman, added that he expects to see strong interest in the park from data centers, distribution and energy-related companies, and manufacturing and warehouse facilities. Some of those industry sectors, said Economou, will benefit strongly from the Panama Canal’s expansion.
Florida Commerce Park will serve as an industrial gateway for commodities transiting the canal. More than 10.1 million long tons flowed through the canal in 2014 from Central and South America, Oceania and Asia, and the west coast of North America, to US southern Atlantic ports such as Miami and Port Everglades. Over 13,000 vessels use the canal annually, each with a maximum capacity of 5,000 TEUs (approx. 5,000 containers per ship), which will increase to 13,000 TEUs with the expansion. The canal, which takes 8-10 hours to transit, serves more than 144 maritime routes connecting some 1,700 ports worldwide.
Florida Commerce Park is also situated in a designated Enterprise Zone, offering powerful business incentives, and in a Historically Underutilized Business Zone (HUBZone), which provides advantages in winning federal contracts.
Read the press release on our website by clicking here.
About Skyfarm Strategic Capital
Skyfarm Strategic Capital LLC is a privately held, diversified asset management firm headquartered in Miami. The firm, founded in 2010, is focused on strategic investments in emerging and undervalued sectors of business and commerce. Skyfarm executives bring to bear a wide variety of management and entrepreneurial backgrounds working with both public and private companies. Their decades of successes have ranged from commercial real estate, community redevelopment and broadband infrastructure initiatives, to leadership roles in renewable energy, water management and sustainability advocacy, as well as expertise in developing emerging technologies and new media. Florida Commerce Park taps upon these varied talents to bring a world-class, industrial park to South Florida with a forward-thinking vision for the future.
About NAI/Merin Hunter Codman
NAI/Merin Hunter Codman, www.mhcreal.com, is one of South Florida’s leading commercial real estate services firm with over three decades of experience advising clients on strategic acquisitions and dispositions and providing landlord representation, tenant representation, property management and construction management services. The firm has expertise in all commercial property sectors including office, industrial, retail, multifamily, hotels and land. NAI/Merin Hunter Codman’s client base includes some of the nation’s most prestigious institutional and private investors and through the NAI global network, it can facilitate property transactions around the nation and the world, serving as a single point of contact for its clients’ counsel and execution. NAI/Merin Hunter Codman is headquartered in West Palm Beach with regional offices in Boca Raton, Palm Beach Gardens and Wellington.
West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firm, today announced that it negotiated the sale of a big-box retail building in northern Palm Beach County, the former Carl’s Furniture, to Bass Pro Outdoor World for $5.5 million. The 76,000 square-foot building is situated in a prime location on US 1, close to the waterfront, marinas, and some of Palm Beach County’s most affluent residential communities. Bass Pro is the nation’s leading outdoor retailer and well known in Florida as a place to gear-up and learn skills for adventures in the great outdoors. The new Bass Pro site, in North Palm Beach, will be its first in Palm Beach County and adds to nine company locations in Florida. Details on plans for the new location have yet to be disclosed. Carl’s Furniture, once among the top 100 furniture retailers in the US, filed for bankruptcy in 2011. The sale of its landmark building continues the trend of adaptive use of former big-box buildings.
“This is an ideal location for Bass Pro,” said Spencer Grossman, Director at NAI/Merin Hunter Codman. “Northern Palm Beach County has solid economic growth, high-income household formation, and a plethora of outdoor adventure opportunities.” Grossman and Neil Merin, Chairman of NAI/Merin Hunter Codman, represented property ownership in the sale.
Read the full press release here.
Mr. Merin will be the speaker at today’s Alliance of Corporate Real Estate Executives & Specialists (ACRES) luncheon in Boca Raton. He’ll be giving the National Recovering Commercial Real Estate Overview where he’ll be discussing how the housing market recovery is fueling a mild commercial real estate recovery, and at the same time improving debt markets are creating better loans thereby driving prices up.
ACRES is primarily a networking group for principals of real estate related entities and senior real estate executives with the purpose of establishing and promoting a “think tank” committed to the exchange of ideas, networking, and best practices among all of its members.
It evolved from a tight group of six or so professionals who met monthly starting in 2005 for lunch to discuss current issues facing the real estate industry, has never charged any dues, operates with no written rules but instead is governed by a few gentlemen’s agreements. Generally, it has been the consensus of the group to admit any principals of any real estate developers, owners, investors, contractors, financiers and the like and typically just one representative from each major discipline of real estate-related service provider professions in the South Florida marketplace.
You can find out more information about the group from their LinkedIn page.