NEWS PICK-UP: Hinshaw & Culbertson Renews Lease in Fort Lauderdale

CoStar shared information about Hinshaw & Culbertson’s 16,696 SF lease renewal at 1 E Broward, facilitated by Max Pawk and Neil Merin, who represented the Landlord. Please find an excerpt below.

Chicago-based law firm Hinshaw & Culbertson has renewed its lease on the 10th floor of the One East Broward office building at 1 E. Broward Blvd. in Fort Lauderdale, Florida.

The tenant will remain in its 16,696-square-foot suite under a new five-year deal.

The U.S. law firm has three locations in Florida, including the downtown Miami and Tampa areas. Attorneys in its Fort Lauderdale office in particular specialize in corporate and business law matters, real estate, financial planning, liability and corporate organization, construction litigation, environmental law and labor/employment law, according to its website.

Built in 1984, the 19-story, 351,705-square-foot, 4-Star office tower sits on 4.6 acres in the Downtown Fort Lauderdale submarket of Broward County. The building underwent a common-area renovation in 1999 and it features reserved parking in a subterranean garage, 24-hour availability, an atrium, on-site banking and convenience store, conferencing facilities, a fitness center, restaurant, cafe and other tenant amenities.

Click here to read the full article.

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Our Secret to Success – Give, Engage, and Give More

We’re incredibly honored that NAI Global has highlighted our firms’ commitment to the community through our annual volunteer efforts in the beautifully written piece below:

West Palm Beach, Florida – It started as a way to connect with people and industry in South Florida over thirty years ago, when NAI Merin Hunter Codman Chairman, Neil E. Merin, SIOR, CCIM was just beginning his commercial real estate career. Back then, community engagement and volunteering was practically the only way professionals, including attorneys and CPAs, could market themselves and their firms.

As Merin’s business grew and thrived, he added partners, staff, and many of the top-performing brokers serving South Florida. While community service had always played a central role in the firm’s activities, it wasn’t until 12 years ago that Merin, his partners and entire company made it a cornerstone of their enterprise. That’s when Merin and two other Palm Beach County business leaders spearheaded the first Get Down to Business Lunch to impress upon the business community the importance of giving back. Since its inception, this signature annual event has doubled in size and raised over $1.2 million dollars in support of Easterseals’ West Palm Beach Igoe-Amar Child Development Center, which provides services for children that are developmentally disabled. Merin was and remains an Honorary member of the Palm Beach Advisory Board for Easterseals and an Honorary Co-Chairman for the Get Down to Business.

“You could say the inception of the Easterseals’ luncheon was the moment when we pivoted as a firm and formally adopted the NAI Merin Hunter Codman Real Leaders program, the firm’s commitment to community service,” said NAI Merin Hunter Codman, Inc. CEO Jordan Paul, which is based in West Palm Beach with regional offices in Boca Raton, Fort Lauderdale, Palm Beach Gardens and Wellington, FL.

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NEWS PICK-UPS: Toys “R” Us Building Sale in Royal Palm Beach


A few media organizations have picked up our Press Release on the recent sale of the Former Toys “R” Us building at 450 S State Road 7.

The Real Deal: View PDF | View Article

Palm Beach Post: View PDF | View Article

South Florida Business Journal: View PDF | View Article

BDB: View PDF | View Article

CRE Sources: View PDF | View Article

PBC Chamber of Commerce: View PDF | View Article

Boca Chamber: View PDF | View Article

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NEWS PICK-UP: Company Announces Plan to Relocate to Palm Beach County

The Business Development Board (BDB) is pleased to announce Convergence Investment Partners is relocating from Grafton, Wisconsin to the city of Palm Beach Gardens. The company has leased 2,400 square feet of space at 3801 PGA Boulevard for their new headquarters, where they plan to employ 10 professionals. The BDB has been facilitating this relocation since 2016. Christopher Smith and Jason Sundook of NAI Merin Hunter Codman, represented Convergence while Tara England and Mark Pateman of Cushman & Wakefield represented the owners of 3801 PGA Blvd.

“As an investment manager, there were several key attributes which led us to choosing Palm Beach County as our new home,” noted Dave Abitz, President of Convergence. “The concentration of fellow investment professionals and hedge funds ranked high on our list of positive attributes that Palm Beach Gardens has to offer. The favorable tax climate and weather conditions further tipped the scale in our decision. Moving from a part of the country nicknamed the “Frozen Tundra” to a state where your license plate reads “Endless Summer,” made this an obvious choice for our team!”

Full Article: PDF | BDB Website Link

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2018 Top Deal Deal Makers Share Their Trade Secrets

EpubXpress

History repeated itself with another banner year for CCIM designees. While the office sector dominated deal flow yet again, multifamily, retail, industrial, and land sectors also saw strong investment. But what about the people behind these deals? CIRE spoke with the CCIM designees recognized with the biggest deals from our 2018 issues to discover their secrets to big deal success and what they see in their crystal balls for 2019.

View PDF | View Link

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