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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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.

General Market Reports News Articles

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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The Press: Former Palm Beach Post Building Redevelopment

The news is out! The former Palm Beach Post building is being redeveloped into The Press: Palm Beach’s new, vibrant work-play destination.

This unique destination has a rich history as the former Palm Beach Post campus and is being redeveloped into an innovative lifestyle center complete with offices, shops, and an organic grocer. Workplaces at The Press offers contemporary offices with stunning common areas and flexible work and meeting spaces, including its own lounge and free Wi-Fi.

The Press enjoys a premier location near the booming downtown West Palm Beach area. This convenient spot is a short drive from Antique Row, CityPlace/Rosemary Square, the Clematis and Flagler Financial Districts, the Island of Palm Beach, Palm Beach Outlets, the Palm Beach International Airport and everything in between.

View the flyer and call Neil Merin, Chris Smith or Jaime Chamberlin today at 561-471-8000 to learn more about unique office space for lease at Workplaces at The Press in West Palm Beach.

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Hurricane Checklist for Tenants

Establish a working plan and have it in place in case of a hurricane.

BE PREPARED TO:

  • SAFEGUARD COMPANY RECORDS AND IMPORTANT PAPERS
    A. Make duplicates to take with you, to overnight express to a branch office, or to put in a bank.
    B. Move all records away from windows, preferably into a room without any windows.
    C. If you are on the first floor, place valuable papers, records, files, etc. one to two feet off the floor (in case of flooding).
    D. If possible, cover with large plastic bags or vinyl sheeting for additional security.
    E. In the event of an extended building closure, arrangements should be made to remove files and key equipment prior to the storm’s landfall.
General Property Management

Celebrate National Dog Day with MHC’s Own Dog Whisperer: Jo-Ann

Happy National Dog Day! Today celebrates all breeds, pure and mixed, and serves to help galvanize the public to recognize the number of dogs that need to be rescued each year, either from public shelters, rescues and/or pure breed rescues.

National Dog Day honors family dogs and dogs that work selflessly to save lives, keep us safe and bring comfort. Dogs put their lives on the line every day – for their law enforcement partner, for their blind companion, for the disabled, for our freedom and safety by detecting bombs and drugs and pulling victims of tragedy from wreckage.

Jo-Ann, a Property Administrator at MHC, is an avid dog lover and rescuer who currently has 17 dogs. No typos – you read that right, 17. She started rescuing dogs around 15 years ago, with a goal to take them in as fosters on their way to finding a fur-ever home.

“Sometimes you come across a foster that you can’t bear to give up, and that’s why I’m considered a “foster failure”, but that’s perfectly okay! That just means that you’ve given an abused, abandoned dog an incredible home to live out the rest of his/her years – and that’s always the ultimate goal of any rescue!

I am fortunate to have a wonderful husband that shares my passion and the work that goes into it. There’s ALWAYS room for one more dog in the pack … and failing isn’t always a bad thing! 😉”

Rescuing and caring for dogs is Jo-Ann’s biggest passion and her only regret is that she didn’t start sooner.

“My only hope is that when I am gone, there will be someone to take my place. My promise to that person is this – I will be with you in spirit from wherever one goes when the breath leaves the body. Because I will ALWAYS be a rescuer, even when I am just a memory.”

Kudos to you Jo-Ann, and to all other dog lovers on this National Dog Day!

We’ve had the pleasure of volunteering with Big Dog Ranch Rescue, a local leader in the field. Click here to see their efforts and how you can help!

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Moon Landings and Beyond – Why Florida is the Leader in Aerospace

Photo credit: Space Florida

This week marks the 50th anniversary of the Apollo 11 mission that changed the course of humanity and space as we know it. “One small step for (a) man, one giant leap for mankind.” With the launch site, NASA’s Kennedy Space Center, in our backyard, it’s no wonder that our home state is poised for aerospace greatness.

The State of Florida represents the very best in space-related technology, innovation, business venture and exploration. Aerospace and aviation industry leaders continue to make Florida their launch pad for new discoveries, businesses and technologies.

Florida’s aerospace industry has diversified strengths, highlighted by:

  • Rocket launching and landing at the Cape Canaveral Spaceport
  • Development of navigation and guidance control systems in Orlando and Clearwater
  • Manufacturing of rocket engines as well as advanced helicopter systems in West Palm Beach
  • Small satellite development in Gainesville
  • Significant MRO centers around the state, with particular strength in Miami, Jacksonville, Melbourne, and the Pensacola to Panama City corridor
  • Business jet R&D and manufacturing in Melbourne

Additionally, Florida is a hub for the growing commercial space industry, with current and planned major operations for path-breaking companies such as SpaceX, Blue Origin and OneWeb Satellites.

Space Florida is the state’s aerospace economic development agency and has one simple mission: MAKE FLORIDA THE PLACE FOR SPACE. They are uniquely empowered by the State Florida with robust tools to aid companies in aerospace and related industries. Space Florida has conducted more than $500 million in financing transactions since 2000, allowing a number of companies to defer upfront capital costs on favorable terms as they grow their operations in Florida.

“Vision 2020” is Space Florida’s strategy to target 10 commercial markets in the coming years that will fully utilize Florida’s space launch and processing capabilities, existing skilled workforce, and infrastructure assets. These markets are expanding their use of space-based technologies every day, and Florida plans to become a critical part of the launch, processing, integration and supply chain opportunities that will result.

  1. Space Transportation and Technologies Support Systems
  2. Satellite Systems and Payloads
  3. Ground and Operations Support Systems
  4. Agriculture, Climate and Environmental Monitoring
  5. Civil Protection and Emergency Management
  6. ISS and Human Life Sciences
  7. Communications, Cybersecurity and Robotics
  8. Adventure Tourism
  9. Clean Energy
  10. Advanced Materials and New Products

In business, location is everything. Florida is the ONE commercial space hub that can meet all aerospace business needs TODAY. Here you can currently launch, land, manufacture, co-locate, collaborate and more. From move-in ready facilities, financial and infrastructure resources, a highly trained workforce, NASA and Air Force support and mission-proven launch/landing facilities, locating or expanding in Florida is one business decision made easy.

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.

Source: SpaceFlorida.gov.

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