NEWS PICK-UP: 2017 Big Year for Neil Merin

“Merin, Chairman of NAI/Merin Hunter Codman in West Palm Beach, handled three high-profile sales last year that  ranked among the top eight of SIOR’s list:

  • The $64.5 million sale of the 245,000 SF Golden Bear Plaza in North Palm Beach
  • The $62.3 million sale of a interest in a 245,673 SF property in Palm Beach Gardens
  • The $54.5 million sale of the 241,000 SF Fountain Square in Boca Raton”

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CCIM’s Biggest Deal & SIOR’s Top 10 & 100 Name NAI/Merin Hunter Codman Chairman, Neil E. Merin, SIOR, CCIM

Neil Merin-new-bioWest Palm Beach, FL – NAI/Merin Hunter Codman Chairman, Neil E. Merin, SIOR, CCIM, has been awarded CCIM’s Biggest Deal and named in SIOR’s Top 10 & 100 Office Transactions for the execution of 2017 office sales transactions. This is the second consecutive year Mr. Merin has received these honors after completing $315 million of sales transactions consisting of 2.4 million square feet over the last two years.

Each year SIOR (Society of Industrial and Office Realtors) selects the Top 100 Office Deals conducted by their members around the globe. Mr. Merin was awarded multiple placements in the Top 10 Office Sales Transactions of 2017 announcement and was listed four times in their Top 100 Office Sales Transactions of 2017 report.

“Neil is the premier Palm Beach County commercial real estate expert. His unwavering passion for this industry coupled with his devotion to the county is unmatched; it is my extreme pleasure to extend well-deserved congratulations to my partner and friend,” stated Jordan Paul, Chief Executive Officer of NAI/Merin Hunter Codman.

About SIOR
Headquartered in Washington, DC, the SOCIETY OF INDUSTRIAL AND OFFICE REALTORS(SIOR, www.sior.com) is a global professional organization that certifies commercial real estate service providers with the exclusive SIOR designation. Individuals who earn their SIOR designation adhere to the highest levels of accountability and ethical standards. Only the industry’s top professionals qualify for the SIOR designation. Today, there are nearly 3,200 SIOR members in 685 cities in 36 countries.
About CCIM
CCIM Institute, www.ccim.com, is commercial real estate’s most influential professional organization, with members closing $200 billion annually in commercial real estate deals. For 50 years, the Institute has been building opportunities through its respected education program, led by established practitioners. CCIM Institute members are eligible to earn the CCIM designation, the industry’s most prestigious certification.
About NAI/Merin Hunter Codman
NAI/Merin Hunter Codman, www.mhcreal.com, is one of South Florida’s leading commercial real estate services firms with 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. NAI/Merin Hunter Codman’s client base includes some of the nation’s most prestigious institutional and private equity investors. Operating as part of the NAI Global network, NAI/Merin Hunter Codman can facilitate property transactions around the nation and the world, serving as a single point of contact for its clients’ counsel and execution. NAI/Merin Hunter Codman is headquartered in West Palm Beach, Florida with regional offices in Boca Raton, Palm Beach Gardens and Wellington.
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NAI/Merin Hunter Codman Announces 2017 Broker of the Year

NAI/Merin Hunter Codman Announces 2017 Broker of the Year

Bruce Corn, of the firm’s Retail Services Group, facilitated $20 million of sales and 160,000-square feet of lease transactions in the Palm Beach County retail sector. 

2017BrokerOfYear-Bruce

West Palm Beach, FL – NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firms, has named Bruce Corn, Managing Director of the firm’s Retail Services Group, its 2017 Broker of the Year for the completion of $20,000,000 in sales and 160,000-square feet of leasing transactions in the Palm Beach County retail sector. This marks Mr. Corn’s fifth Broker of the Year award.

Some of his most significant transactions include:

  • $12,500,000 sale of Village Square, a 75,326-square foot retail plaza in Tequesta
  • 65,000-square feet of leasing on behalf of AutoZone
  • 30,000-square feet of leasing on behalf the Village Shoppes on 441 in Royal Palm Beach
  • 20,000-square feet of leasing on behalf Southern Palm Crossing in Royal Palm Beach
  • 10,000-square foot site selection transaction on behalf of Saito’s Japanese Steakhouse

Utilizing his two decades of commercial real estate experience, negotiation skills and superior retail market knowledge, Mr. Corn, a five-time NAI/Merin Hunter Codman Broker of the Year award recipient, offers his diverse client base creative solutions which expedite even the most complicated of transactions.

“Honesty, integrity and drive are Bruce Corn’s best qualities. Those attributes combined with his outstanding industry reputation have paved the road to Bruce’s continued success. I am honored to again name him our 2017 Broker of the Year,” stated Jordan Paul, CEO of NAI/Merin Hunter Codman.

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South Florida Hospital News | Medical Office Space Market Trends: Why Lease When You Can Buy?

As featured in South Florida Hospital News:

As you search for the best commercial property for your practice you may ask yourself whether you would be better off owning or leasing. Lesley Sheinberg, Director at NAI/Merin Hunter Codman, who specializes in medical site facilitation, has experienced a shifting trend towards purchasing medical office buildings versus leasing space. She notes, “More and more established practices and collective groups of private physicians are realizing the benefit of owning a building far outweigh leasing space from a landlord, as the potential for long term cost savings and financial gain is great.”

As mortgage and rent payments are often very similar, the pros and cons of purchasing versus leasing must be weighed. There are primary benefits to both, the primary benefit of purchasing is your ability to own an asset of increased value at the end of the mortgage term, while reaping the tax benefits over the duration of the loan. However, some medical practices desire the ability to relocate, downsize or expand at the end of a relatively short lease term. To know if purchasing is right for your practice, evaluate your long-term goals and take into consideration the three factors below.

1. The Investment: When leasing, the upfront costs are typically the first month’s rent, security deposit and tenant improvements specific to the medical industry. Medical space upgrades often include additional electrical, plumbing, shielding and ADA compliance improvements. At times, these costly upgrades can be covered in a well negotiated lease. If purchasing, upfront costs can be higher due to down payments, appraisal costs, loan fees, inspections and property upgrades. Each practice should evaluate their upfront investment abilities to decide which option falls in line with their goals.

2. The Space: What may work for you now might not in a few years depending upon your practice’s growth potential. Newer practices may be better suited for leasing until they get a handle on their long-term square footage and location requirements. Established practices know their client numbers and benefit from staying several years at one location. Additionally, if they purchase a building larger than their immediate need requires, leasing out the extra space can produce income, until they need the space for their own.

3. The Budget: When you purchase a building, fixed and variable cost factors can be controlled to some extent. When leasing, you are subject to the market climate changes and annual cost increases imposed by landlords.
If your practice is ready to move forward with leasing or investing in commercial property, the very first step is to ensure you have a seasoned commercial real estate professional with your best interest in mind.

NAI/Merin Hunter Codman’s medical space expert, Lesley Sheinberg places investors and tenants on an even playing field with commercial real estate professionals, landlords and owners, utilizing her medical site selection expertise and superior negotiation skills. If you need a broker who specializes in your field, call Lesley today at (561) 471-8000 or (561) 254-7810.

NAI/Merin Hunter Codman, Inc. is Palm Beach County’s leading commercial real estate services firm, with over three decades of experience advising on strategic acquisitions, dispositions, leasing and comprehensive property management. We advise on all commercial property sectors, from office and industrial to retail, multifamily and land. Our client base includes some of the most prestigious institutional and private investors in the world. NAI/Merin Hunter Codman is headquartered in West Palm Beach with regional offices throughout Palm Beach County. Where can we help you next? Call (561) 471-8000.

News Articles

PRESS RELEASE: NAI/Merin Hunter Codman Named #1 Property Management Firm and #4 Commercial Real Estate Firm in Palm Beach County

NAI/Merin Hunter Codman is recognized by both Costar Group and the South Florida Business Journal

West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., Palm Beach County’s leading commercial real estate services firm, has been recognized by the South Florida Business Journal’s 2017 Book of Lists as the #1 Property Management Firm and #4 Commercial Real Estate Brokerage Firm in Palm Beach County. In addition, the firm will be receiving its 12th consecutive Top Leasing and 10th Top Sales Firm CoStar Power Broker Awards. Neil E. Merin, SIOR, CCIM, Chairman of NAI/Merin Hunter Codman, will receive his 13th consecutive Top Leasing Power Broker Award.

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