Welcome to NAI/Merin Hunter Codman's commercial real estate focused press releases, news pickups, market reports, transactions, property and social service event postings.
94% of teachers pay an average of $500-$1,000/year out of pocket on classroom and student supplies – The New York Times
At NAI/Merin Hunter
Codman, Inc. we take pride in supporting the communities that we live and
do business in. We’re writing today to ask for YOU to be a part of our
next community service project.
NAI/Merin Hunter Codman, Inc. and Tricera Capital had the honor of hosting the BDB‘s Commercial & Industrial Real Estate Round Table at the former Palm Beach Post building, now being rebranded as “The Press”. While there will be a retail/industrial component, Scott Sherman (Principal of Tricera) shared renovation plans for the office portion which will be called “Workplaces at The Press”. He detailed how the common areas will focus on fresh, innovative design that encourages community like flexible work and meeting spaces, pods/phone booths, and a lounge/event room. NAI/Merin Hunter Codman is excited to handle the property management and leasing assignment for this exciting new concept.
Rendering of proposed lobby renovation at “The Press”
The BDB shared their 2018-2019 fiscal and marketing goals, which includes creating new jobs, attracting capital investments and bringing more than 1 million square feet of newly leased/constructed space to the County. An exciting note mentioned was biotech company Beacon Pharmaceutical, which is planning to build a state-of-the-art life science/healthcare complex in Jupiter.
WEST PALM BEACH, Fla. (May 10, 2019) – A collection of
some of Florida’s leading commercial and residential real estate developers,
architects, and urban planning experts gathered today to speak to a crowd of
almost 300 about real estate trends, opportunities and related issues at the
Urban Land Institute (ULI) West Palm Beach Development and Investment Forum at
the Hilton West Palm Beach.
Chairman Neil Merin, of NAI/Merin Hunter Codman,
kicked off the three-hour program by itemizing the highlights of more than $3
billion worth of new investment in West Palm Beach either underway or planned.
This includes 2,336 hotel rooms, 3,520 residential units, 1,310,000 sq.
ft. of new Class A office space and Hospital for Special Surgery’s first
expansion outside its home base in New York. These investments are
“game-changers for the city,” according to Raphael Clemente, executive director
of the West Palm Beach Downtown Development Authority, a co-sponsor of the
event with ULI. “The entire city is flourishing, and downtown development is
the most intense it’s been since the days of Henry Flagler. The big difference
is that today, our planners are steering the kind of growth that advances the
quality of life for all.”
“All of the new Class A office space will help stabilize rates and allow us to fulfill the demand from out-of-market companies looking to locate here,” Merin said. The new residential units and major commercial projects have contributed to a recent increase in the city’s tax base of 13.5 percent, he added, a number that is expected to keep rising. He also cited the extensive recent upgrades to some of the city’s cultural institutions bringing them to world-class levels, especially the Norton Museum of Art and the Kravis Center for the Performing Arts. “Investment in arts and culture adds real value to the continued viability of the real estate market. There is a direct correlation.” (Click here to view a slideshow of his presentation.)
We’re thrilled that 1 E Broward was nominated for the NAIOP Award of Excellence for “Office Sale of the Year Over $50 Million”. 1 E Broward is a 351,705 SF Class-A office tower in downtown Fort Lauderdale. The $100 million-plus acquisition required extensive teamwork between the Seller, a local operating partner, and an institutional owner.
NAI/Merin Hunter Codman, Inc. would like to recognize CBRE, PCCP, SunTrust Bank, Shutts & Bowen and Kapp Morrison LLP for their parts in this complex transaction.
The Awards of Excellence are held annually and recognize various achievements in the South Florida commercial real estate market.
In addition to awards for the biggest and best of 2018, the evening also celebrated CBRE Senior Vice President Harry Tangalakis, who received the Lifetime Achievement Award.
Congrats to all nominees and winners!
The NAI/Merin Hunter Codman, Inc. team and guests enjoyed the Awards on 3/14/19 at the Fort Lauderdale Marriott Harbor Beach Resort & Spa.
MHC and Fairway Office Center are happy to have hosted the highly anticipated broker event of the year, our 7th Annual 2019 Honda Classic luncheon.
Our exclusive guests par-tee’d at the 7108 Fairway building with a gourmet BBQ lunch, libations and prizes. After plenty of fun, food and laughs the brokers were shuttled to PGA National where they received Bear Trap access to enjoy the tournament.
This eagerly awaited event aims to showcase the available Class-A office space at Fairway Office Center. Fairway consists of three office buildings situated on a 16-acre campus within the PGA National Resort and Spa Community. Click here for more property information and to view current availabilities.
NAI/Merin Hunter Codman, NAI Miami, and NAI Rauch Weaver, together with NAI Global were proud to again sponsor the area’s premier ESPN college football game – the 2018 Cheribundi Boca Raton Bowl held at Florida Atlantic University in Boca Raton. UAB won its first ever bowl game in school history outscoring Northern Illinois 37-13. They took at 27-10 lead at halftime before scoring another 10 points in the second half to put the game away.
Thank you to all of our clients, partners, and attendees for joining us at this year’s game. We were honored to have two special attendees with us: Jay Olshonsky (President, NAI Global) and Arnaldo Oliveras Fernandez, MBA (President, NAI Puerto Rico). We look forward to seeing everyone again at our 2019 pre-game tailgate!
Over 25 area professionals enjoyed an informative panel discussing the latest updates on the Opportunity Zone program, a product of the 2017 Tax Cuts and Jobs Act, created to spur investment in designated low-income communities. The creation of Qualified Opportunity Funds, the vehicle through which such investments are to be made, presents a tax incentive for real estate investors, private equity, venture capitalists, family offices, and individuals. NAI/Merin Hunter Codman was happy to host the event at our West Palm Beach office on Wednesday, November 28th.
Qualified Opportunity Zone designations in South Florida
QOF qualification
Deferral of gains and basis step-ups
Updated guidance from Treasury and IRS
QOF interaction with other tax incentives
State tax implications
Enjoy pictures below. For more details on the Opportunity Zones program please contact Christopher Smith at 561-614-4007 or email him at csmith@mhcreal.com.
NAI/Merin Hunter Codman is happy to be a sponsor of the fifth annual Heroes for Education 5k Run/Walk that took place on November 3rd at Bryant Park in Lake Worth.
The Education Foundation of Palm Beach County is a great non-profit organization that partners with the School District of Palm Beach County to fund over $1.5 million in programs that the schools could not otherwise afford. These include providing high-risk students with Graduation Coaches, training for Financial Literacy and the establishment of the Red Apple Supply Store.
Our REAL Leaders had a great morning at the beautiful course that bordered along the Intracoastal. Enjoy some photos below and click here to see how you can be a hero for education!
What’s better than beer and trivia? Try adding in local craft beer samples, prizes and bar bites! That was the thought for our “Brews and Buzzers” broker event at Centurion Tower in West Palm Beach on the evening of October 4th. NAI/Merin Hunter Codman hosted the event where area brokers toured spec suites, enjoyed our new digs, and were contestants in a custom trivia game show which included questions about the event and building details.
The event showcased available space at Centurion Tower, a 14-story Class-A office building on Palm Beach Lakes Blvd, just east of I-95. Newly completed spec suites are move-in ready and feature contemporary flair and flexible floor plans, with suites ranging from 1,422-2,394 SF. Click here for more details and call our office to schedule your showing today: 561 471 8000.
As a leading commercial real estate firm, we know office space. Check out our new, invigorating and inspiring West Palm Beach office. The primary designer was our very own company Chairman, Neil. E. Merin – who infused today’s modern style with rustic charm. With this renovation we’ve not only changed the environment in which we work, but we’ve also changed how we do business.
Every square inch invites collaboration, creativity (white board walls) and fun (pool table and putting green); while the telephone booths, relaxation, club, and conference rooms offer privacy. Aside from the views, the central focal point, an area perfect for hosting firm and charitable events, is the café, complete with a 24’ red bar, 60‐specialty beverage touch coffee machine and industrial refrigerators.
This shift towards a more collaborative and flexible work space is taking over and with good reason. An innovative office design can inspire employees to do their best work. To keep employees engaged, a work space needs to be designed with that goal in mind.
NAI/Merin Hunter Codman is happy to be a sponsor of the fifth annual Heroes for Education 5k Run/Walk that took place on November 3rd at Bryant Park in Lake Worth.
