Chris Varjan, a senior managing director at Lee & Associates NYC who was featured in Real Estate Weekly, was one of six executives hired earlier this summer to build an investment sales division that would compliment Lee & Associates legacy leasing business and a new residential division. Varjan Looking to Stir Things Up in Investment Sales Sector It was serendipitous that Lee & Associates was considering launching an investment sales arm when Varjan and his…
Consolidation is the New Normal in LA’s Uber-Competitive CRE Market
The force fueling consolidation in the commercial real estate industry has little to do with the current cycle. Now, something else is happening. The ultra competitive environment, coupled with new technology and more available capital, has pushed companies to scale up fast. That can be seen in the level of consolidation industry-wide, which has surpassed the 2007 record by more than 25 percent. Jeff Rinkov, CEO of Lee & Associates, said commercial real estate is…
Lee & Associates NYC Launches New Residential Division
Joel Herskowitz, COO of Lee & Associates NYC, was tapped to lead the New York’s office new residential service division. The residential team, which includes Adam Frisch, Brett Fischer, Damien Palacios and Michael Musco, is expected to expand to five to 10 agents by the end of the year. The division will handle leasing and sales, representing owners, landlords, sellers and developers. Managing the Recruiting Challenges by Doubling Down on Training Lee & Associates NYC,…
Prologis pays $49.3 million in its acquisition of 31 acres of undeveloped land in Torrance, CA
The San Francisco-based global real estate investment trust, Prologis, purchased the land from PBF Energy, which was represented by Michael Ma in the West LA office of Lee & Associates. Prologis spends $49M to acquire 31 acres of industrial land Prologis, a global real estate investment trust based in San Francisco, has paid $49.3 million to acquire 31 acres of undeveloped industrial land in Torrance. PBF Energy, a New Jersey-based petroleum refinery, sold the 1.4…
What Did Houston CRE Learn From Hurricane Harvey? Industry Leaders Speak One Year Later
It’s been a year since Hurricane Harvey’s devastation of Houston. So what did the Houston CRE industry learn from the event? Bisnow reached out to industry leaders, including those from Lee & Associates – Houston, and asked them three questions about Harvey’s impact and lessons learned. What Did Houston CRE Learn From Hurricane Harvey? Industry Leaders Speak One Year Later Q: How has Houston rebounded from Hurricane Harvey? Lee & Associates Principal Josh Cheatham: “As someone whose…
Managing the Recruiting Challenges by Doubling Down on Training
Lee & Associates CEO Jeff Rinkov discusses the challenges of recruiting in National Real Estate Investor’s Mid-Year Outlook. Managing the Recruiting Challenges by Doubling Down on Training We’re doing more than giving associates the basic concepts and principals on how to use available tools and resources to succeed. We pair new associates with senior brokers. This has been our practice since Bill Lee and a handful of veteran brokers opened the first office 39 years…
Lee & Associates Expands into Miami
Lee & Associates Miami, located at 7925 NW 12th Street in Miami, will be headed up by veteran broker and long-time Miami resident Matt Rotolante, SIOR, CCIM. Lee & Associates expands into Miami Lee & Associates just opened an office in Miami, marking the commercial real estate firm’s first move into South Florida. Lee & Associates, which has offices in Naples-Fort Myers and Orlando, is looking to expand to Fort Lauderdale and Tampa in the…
Lee & Associates team of Cheney and Coppola Negotiate Long-Term Lease for SkySong 5 in Arizona
Andrew Cheney, CCIM, CRE, SIOR and Craig Coppola, CCIM, CRE, SIOR of Lee & Associates – Arizona, representing SkySong 5, has negotiated a 10-year lease with Berkadia for an entire floor of the six-story building that’s currently under construction. When completed, the building will be the tallest property in Scottsdale, AZ. SkySong 5 welcomes commercial real estate tenant Berkadia Construction on SkySong 5 is underway and so is leasing efforts as Berkadia signs on for an entire…
Seven-building business park near Charleston Air Force base fetches $69 million
The Aviation Business Park, a 342,042-SF business park facility that encompasses seven buildings spread out over 29 acres located along Interstate 26 between Remount Road and Aviation Avenue was purchased by Greenville Corporate, LLC, for $69 million. Bob Nuttall & Reid Davis Lee & Associates Charleston represented the buyer Greenville Corp., LLC