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.
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.”
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.”
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.
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.
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.
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.
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!