Multi-story Doral warehouses proposed Doral’s commercial industrial rental rates has seen a climb to the point where multi-story vertical warehousing projects are being considered, according to local real estate experts. The process of developing and planning vertical warehouses is more expensive for owners due to specific accommodations to operate, said Matt Rotolante, president of Lee & Associates South Florida. “In order for a multi-story warehouse, which has been feasible in New Jersey, ramps need…
Lee & Associates South Florida Principal, Aida Nolan-Rodriguez, Brokers Medical Office Condo Sale at the Minorca in Coral Gables
MIAMI, Florida—December 8, 2021 – Lee & Associates South Florida announces the sale of a Medical Office Condo located at 2030 Douglas Road in the prestigious Minorca building in Coral Gables, Florida. The unit was purchased in All Cash by Patricia Linares from Carlos Guerrero C&C Investments for $575,000 on December 6, 2021. Lee & Associates South Florida Principal, Aida Nolan-Rodriguez, represented both the Seller and the Buyer in the transaction. Aida joined Lee &…
Matthew Rotolante, SIOR, CCIM shares 2022 Market Insight with Bisnow for Industrial Sector
South Florida CRE Leaders on What’s To Come In 2022 Regional commercial real estate experts are now looking ahead to 2022, and they spoke with Bisnow regarding what’s on tap for the new year. Lee & Associates South Florida President and Industrial expert, Matthew Rotolante, SIOR, CCIM, was tapped for expert insight on what he has been seeing in the marketplace. “Industrial real estate is on fire in South Florida and starting to trickle north…
Lee & Associates South Florida Completes Several New Industrial Leases Totaling Nearly 150,000 SF
MIAMI, Florida—November 30, 2021 – Lee & Associates South Florida President Matthew Rotolante and Vice President Conner Milford represented tenants in three large industrial leases totaling nearly 150,000 square feet in Broward County. The prolific brokers leveraged Lee’s national network to collaborate with out-of-state counterparts on the latest deals. In one transaction, Chadwell Supply leased 63,800 square feet at Miramar Distribution Center’s Building B in Miramar. Chadwell is a family-owned multifamily supply company headquartered in…
Lee & Associates South Florida Brokers Land Transaction for Las Vegas Developer’s First South Florida Multifamily Project
MIAMI, Florida—November 9, 2021 – Lee & Associates South Florida President Matthew Rotolante and Principal Matthew Jacocks represented both the buyer and seller in the sale of a multifamily development site near the Golden Glades Interchange in Miami-Dade County. The buyer, prominent Las Vegas-based developer Schulman Properties, will embark on its first South Florida rental project after acquiring the 4.04-acre site. Schulman purchased the 190 NW 162nd St. site from AR190 NMB, LLP for $5.32…
Lee & Associates South Florida Expands Team with New Senior Vice President Matthew Katzen
MIAMI, Florida—November 8, 2021— Lee & Associates South Florida continues to bolster its team of talented brokers. In the latest example, veteran broker Matthew Katzen joined the firm as Senior Vice President specializing in office leasing. In his new role, Katzen focuses on landlord agency and tenant representation of Class A office space in Miami-Dade and Broward counties. With more than 25 years of commercial real estate experience, Katzen’s business development and transactional work includes…
154-Key Fort Lauderdale Beach Hotel Portfolio Trades for $27.26MM
MIAMI, Florida—October 10, 2021 – Lee & Associates South Florida announces the sale of a 7 property Fort Lauderdale Beach Hotel Portfolio located at 3601, 3711 3801, 3811, 3821, 3621 & 3623 N Ocean Blvd. The 154 key acquisition closed on September 30th, 2021 for $27,260,000. The sale consisted of two different transactions 3621 & 3623 N Ocean Blvd for $5,000,000 and 3601, 3711, 3801,3811 & 3821 for $22,260,200. Lee & Associates South Florida Principal,…
Miami-Based GDF Properties Acquires 569-Unit Apartment Complex in Houston
MIAMI, Florida—October 1, 2021 – Lee & Associates South Florida announces another significant closing for Miami-based GDF Properties with the acquisition of Holly Hall Apartments in Houston, Texas. The 569-unit multifamily property located at 2111 Holly Hall Street in Houston closed on September 21, 2021 sold by Harbert Management Corporation FEICA/Holly Hall LLC to GDF Properties who has actively been expanding their portfolio after another recent announcement just this year of a $17MM Broward Multifamily…
Seth Denison Speaks as Expert Panelist at 2021 Crittenden Real Estate Finance Conference
MIAMI, Florida—September 24, 2021 – Lee & Associates South Florida Principal and Capital Markets specialist, Seth Denison, was an invited expert panelist at the 2021 Crittenden Real Estate Finance Conference. Seth has been speaking at this event for several years as a returning panelist, and shared his insights on “higher risk” asset classes and what we can anticipate in these sectors. The panel was hosted on Thursday September 23rd. Seth Denison recently joined Lee &…