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A Commercial Real Estate Starr Joins NAI/Merin Hunter Codman

Former CBRE First Vice President Adam Starr joins NAI/Merin Hunter Codman as Managing Director in the brokerage division.

West Palm Beach, FL – NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate firms, is pleased to welcome South Florida commercial real estate expert, Adam Starr, to the firm’s brokerage team as Managing Director. Mr. Starr will be specializing in the sale and leasing of office and industrial properties throughout south Palm Beach and Broward counties.

Mr. Starr, a six-time CoStar Power Broker Award winner, brings over two decades of commercial real estate expertise to NAI/Merin Hunter Codman. Mr. Starr has successfully negotiated over 15,000,000 square feet of sales and lease transactions throughout South Florida for firms such as CBRE, Brenner Real Estate Group, and the Trammell Crow Company. Mr. Starr’s focus will remain in tenant and landlord representation, as well as investment sales.

“It is always a pleasure to welcome a seasoned, commercial real estate professional to our firm. Adam has successfully navigated a wide variety of transactions through all of South Florida’s market cycles. He is a well-liked and highly respected industry expert that is known for his market knowledge, tenacity, professionalism and absolute commitment to the highest level of service for his clients,” stated Jordan Paul, CEO, NAI/Merin Hunter Codman.

“I have done business with Adam many times over the years. He has developed a remarkable track record of creating value and attaining favorable financial returns for his clients. He is a very welcome addition and will be a true asset to the firm’s brokerage team,” stated NAI/Merin Hunter Codman, Chairman, Neil E. Merin, SIOR, CCIM.

Click here to view the full Press Release.

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NAI/Merin Hunter Codman Announces 2019 Co-Brokers of the Year: Bruce Corn & Richard Brockney

— Bruce Corn and Richard Brockney both earn Broker of the Year awards from top South Florida commercial real estate firm, NAI/Merin Hunter Codman —

West Palm Beach, FL – NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate firms, is pleased to announce the firm’s 2019 Co-Broker of the Year winners. Both, Bruce Corn and Richard Brockney, earned the coveted 2019 Broker of the Year award.

Bruce Corn

This marks the 8th Broker of the Year win for Managing Director, Mr. Corn, who has led NAI/Merin Hunter Codman’s Retail Services Group since 1993. Significant 2019 transactions for Mr. Corn include:
• 36,000 square foot Lease to 24-hour Fitness in Royal Palm Beach
• Sale of 1950 Hillsboro Boulevard in Deerfield Beach
• Sale of 8899 Lantana Road Land in Lake Worth

Richard Brockney

Mr. Brockney has served as NAI/Merin Hunter Codman’s south Palm Beach County office leasing specialist since 2007 and is now a two-time NAI/Merin Hunter Codman Broker of the Year recipient. Highlights of Mr. Brockney’s 2019 transactions include the nearly 63,000 square foot lease and expansion of CSL Plasma at 900 Broken Sound in Boca Raton and the expansion of TherapeuticsMD headquarter location at 951 Yamato Road in Boca Raton.

“It is a great honor to award both Bruce Corn and Rich Brockney. They are both outstanding people and professionals and we are very proud that they are part of our team. Each year their dedication, integrity and drive to find creative solutions for clients’ commercial real estate needs land them at the top of the Broker of the Year considerations lists. Their 2019 Co-Broker win is well earned and well deserved by both.

Click here to view full Press Release.

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EVENT: Riverwalk Power Mixer at 1 East Broward

On Monday, December 9th 1 East Broward and NAI/Merin Hunter Codman were proud to host the 4th Quarter Riverwalk Power Mixer. The mixers are held four times per year and are exclusively for Trustee members and corporate partners of Riverwalk. These high-end networking events are held at businesses in and around the Downtown and attract some of Fort Lauderdale’s most influential community leaders. 

Riverwalk Fort Lauderdale is a charitable nonprofit 501(c)(3) organization responsible for the planning, programming, beautification and promotion of Fort Lauderdale’s Riverwalk Park. They are responsible for the oversight of all public land including 10 parks in the Downtown corridor. Their mission is “to be the catalyst in building and nurturing Riverwalk as a vibrant community connected by the New River.”  Riverwalk Fort Lauderdale partners with many groups, including the City of Fort Lauderdale, Downtown Development Authority, Broward County and local area associations and business that are integral in the success of Downtown Fort Lauderdale.

1 East Broward was the perfect location for this mixer. The building truly is the #1 choice for businesses seeking first-class, downtown office space for lease in Fort Lauderdale’s Central Business District. The 19-story, Class-A office building comprises 350,000 square feet at the northeast corner of Broward Boulevard and Andrews Avenue. This premier location is within walking distance to several local attractions including Flagler Village’s Arts and Technology village (FATVillage), Music & Arts South of Sunrise District (MASS), and renowned Las Olas Boulevard.

Tenants enjoy unparalleled amenities including a luxurious grand lobby with soaring floor-to-ceiling glass and high-end marble finishes, impressive panoramic views, an exclusive state-of-the-art fitness center, complimentary shuttle services, manned 24/7 security and a variety of on-site services including: restaurant, café/sundry shop, dry cleaning, car detailing, banking/ATM and property management. Tenants also enjoy plentiful parking in the garage, connected by an air-conditioned, newly renovated sky-walk.

1 East Broward offers the best in convenience and walkability with fantastic access to I-95, I-595 and the Hollywood/Fort Lauderdale International Airport. It’s also the closest office building to the new Fort Lauderdale Brightline station.

View more property details and availability, then call Maxwell Pawk to schedule your tour: 561 471 8000.

Please enjoy photos from the event below. Thank you to our fantastic staff who pulled this together and made us look good!

How can we help you? NAI/Merin Hunter Codman is one of South Florida’s leading commercial real estate firms and the largest in Palm Beach County. We have 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, retail, industrial, multifamily, hotels, and land. To learn more about our services click here.

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EVENT: 2019 Cheribundi Boca Bowl

NAI/Merin Hunter Codman, NAI Miami, and NAI Kurtz, together with NAI Global were proud to again sponsor the area’s premier ESPN college football game – the 2019 Cheribundi Boca Raton Bowl held at Florida Atlantic University in Boca Raton. Congratulations to the FAU Owls who were the 2019 Champions!

We were happy to have been able to donate 40 tickets to the Gulfstream Goodwill Academy.

Image Source: https://www.cheribundibocaratonbowl.com/

Thank you to all of our clients, partners, and attendees for joining us at this year’s game. We look forward to seeing everyone again at our 2020 pre-game tailgate!

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NEWS PICK-UP: Prime Vacant Jupiter Land On Market for $38M

The following article was originally published in The Palm Beach Post by Alexandra Clough. View Article | View PDF

The Indiantown Road property for years has been considered for possible corporate, high tech or medical use. Now the land’s owner is ready to sell it so someone else can figure out a plan.

A rare piece of prime vacant land has gone up for sale in Jupiter.

How long will it stay on the market? Probably not long, said Neil Merin, the broker hired to market the site.

The 83-acre property, dubbed the Hawkeye property, is at the gateway to Jupiter.

It is located on the southeast corner of Interstate 95 and Indiantown Road and is the last large I-95 interchange land in Palm Beach, Broward or Miami-Dade counties.

The asking price is about $38 million, said Merin, chairman of NAI/Merin Hunter Codman in West Palm Beach.

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Experts: West Palm Beach has Class-A Office Space Glut as New Towers Start to Rise

The following article was originally published in The Palm Beach Post by Alexandra Clough. View Article | View PDF

Photo by Lannis Waters / The Palm Beach Post

Real estate brokers are growing concerned that top tier office buildings have too much shadow sublease space.

Even as another project is up for consideration, West Palm Beach’s downtown office market is loaded with empty space, and there is little demand from tenants outside the area wanting to lease large offices, real estate professionals say.

Interviews with real estate developers and brokers indicate that the city’s Class A office buildings, which typically attract the top tenants, have plentiful space available directly from the buildings, or from office tenants that are trying to sublease their space.

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2019 NAI Florida & Caribbean Forum Recap

We want to wish a hearty thank you to all sponsors, moderators, panelists, and guests that attended our 2019 NAI Florida & Caribbean Forum – making it one of our most well attended Forums to date!

Around 500 commercial real estate professionals gathered on November 15th at the Intercontinental Miami for a full morning of all things CRE -focusing on current commercial real estate conditions and economic trends at a national level and within the Florida region.

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Big Wins for NAI Merin Hunter Codman Founder and Chairman, Neil E. Merin

We want to wish a hearty congratulations to our Chairman, Neil E. Merin, SIOR, CCIM for his recent big wins!

CCIM’s Biggest Deals of 2019

A big “Thank You” to Neil and the rest of the team that worked on our 1 East Broward acquisition, which made it as a CCIM 2019 Biggest Deal! View the interview of all finalists at these links: View Link | View PDF | FL CCIM Link

Key highlights of Neil’s interview include the notions “Approach each opportunity as a partnership,” and “Knowledge: know your market and product better than anybody else. Expertise: become an expert at whatever segment you deal in. Credibility: make sure you have a reputation for honesty, integrity, expertise, and knowledge.”

SFBJ’s 2019 Structures Awards

1 E Broward was a finalist in the Terry Stiles Deal of the Year Award, but the big win of the night was Neil Merin’s acceptance of the Dealmaker of the Year Award. View the SFBJ’s fantastic write-up about the awards here: View Photos | View Article | PDF Article | View Acceptance Video

Neil said, “I’m not the young hotshot in the business when I started. Building teams and helping people launch their careers is really what I enjoy, more than just doing the deal. I just love what I do. I live, eat and breathe this business.”

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