14Mar
2017

Berger Commercial Realty’s Judy Dolan Inks 20,000 SF in Hollywood Lease Deals Berger Commercial Realty

Berger Commercial Realty/CORFAC International Senior Vice President Judy Dolan recently secured 20,486 square-feet in lease transactions on behalf of landlords in Hollywood. Sun Art Design Building Dolan represented Sadi Properties, Inc. in leasing 11,000 square feet of industrial space to Prime Wood Decking & Floors, LLC at the Sun Art Design Building, located at…

9Mar
2017

Berger Commercial Realty Secures 26,000 SF In Palm Beach County Lease Transactions Berger Commercial Realty

Berger Commercial Realty/CORFAC International brokers recently closed 11 leases totaling 26,116 square-feet at five properties in Palm Beach County. Delray Office Plaza Senior Vice President Joseph Byrnes and Broker Associate Robert Dabrowski represented Atlantic Avenue Properties & Investments, LLC in the lease renewal and expansion of 5,034 square-feet of office space to B.I. Incorporated at…

2Mar
2017

Steve Hyatt answers: To get started in search for commercial space, what do I need to provide to the commercial real estate broker? Berger Commercial Realty

https://youtu.be/r9YkqHconWQ First of all I like to have a sit down meeting with the owner, face to face, in their place of business. That way you get an idea of the type of operation they run, the kind of square footage they have, the quality of the operation, and the location. Then you go…

28Feb
2017

Berger Commercial Realty Facilitates Purchase Of Riviera Beach Industrial Property Berger Commercial Realty

Sales Associate Robert Dabrowski of Berger Commercial Realty/CORFAC International represented Stone & Equipment, Inc. in the $480,000 purchase of a 4,397-square-foot industrial warehouse from Donnini Management Company, LLC. Located at 1821 W. 10th Street in Riviera Beach, the warehouse is situated in a gated industrial condominium complex consisting of 12 units with ample parking.…

21Feb
2017

Steve Hyatt answers: What is a finish-out allowance? Berger Commercial Realty

https://youtu.be/EYweGNR6Fas A finish out allowance is also known as a tenant improvement allowance. In most leases it's borne by the landlord and there's very important things to factor in, whether it's first generation shell space or whether it's previously occupied and second generation space. Your finish out allowance is going to include doors, walls,…

16Feb
2017

Steve Hyatt answers: What is rentable square feet? Berger Commercial Realty

https://youtu.be/dHYmlfez3iA The rentable square feet is the actual space that the tenant pays rent on and what it is it's made up of the actual usable space, which is the envelope of space that the tenant occupies, plus their pro-rata share of the common areas, the bathrooms, the corridors, the common lobby down the…

9Feb
2017

Steve Hyatt answers: I’ve heard of Triple Net or NNN Leased Properties for sale. What type of investment is that? Berger Commercial Realty

https://youtu.be/DYIJ4RmISO0 It's typically a single tenant triple net lease, which means there's very limited responsibilities of the landlord. If anything, maybe the landlord is going to take care of the roof and the structure, and the tenant pays everything else. Essentially, it's like handing over the keys to the property to the particular tenant.…

9Feb
2017

Berger Commercial Realty Secures 53,000 Square Feet In Broward Lease Transactions Berger Commercial Realty

[vc_row][vc_column][vc_column_text] Berger Commercial Realty/CORFAC International brokers recently secured 52,696 square-feet in lease transactions on behalf of landlords across Broward County. Enterprise Commerce Center Senior Vice President Keith Graves and Sales Associate John Forman represented Mancini & Sons Florida #2, LLC in renewing a lease for 11,236 square-feet of industrial space to Roto-Rooter Services Company…

2Feb
2017

Judy Dolan answers: What’s the difference between a leasing agent and a tenant representative? Berger Commercial Realty

The difference between a leasing agent and a tenant representative are substantial. A leasing agent primarily has the landlord's best interest in mind when completing a transaction. The leasing agent should be using their market knowledge in order to achieve the best deal for the landlord. A tenant rep has the tenant's best interests…

1Feb
2017

Berger Commercial Realty Joins CORFAC International Berger Commercial Realty

Berger Commercial Realty/CORFAC International, a regional, full service commercial real estate firm based in South Florida, recently announced its membership in CORFAC International, a global network of independently-owned entrepreneurial commercial real estate brokerage firms that partner to deliver quality and experienced service locally, nationally and internationally. “Our extensive knowledge and experience in the South…

31Jan
2017

Joseph Byrnes answers: A lease rate is stated as $10.00 PSF. What does that mean? Berger Commercial Realty

https://youtu.be/-LjCQz2ELUg $10 per square foot would be the annual rental rate for the space in question. What you would do you would take the size of the space, multiply it by the $10 per square foot, divide that by 12 and you'll have your monthly rent.

30Jan
2017

Demolition Begins: The 550 Building To Be FLL’s SOLO District’s Newest Office Building Berger Commercial Realty

Fort Lauderdale’s SOLO District (South of Las Olas) is undergoing a transformation to keep up with the fast growing pace of new residents and businesses. Demolition of Fort Lauderdale’s Justice Building will begin February 2017 to make way for the new 550 Building. The 30,734 square feet Justice Building was built in 1982 and…

18Jan
2017

Property Supply Hasn’t Kept Pace With Popularity of Real-Estate Funds Berger Commercial Realty

Europe’s largest property markets—the U.K., Germany and France—have seen the steepest declines in commercial property investment. Above, pedestrians leaving a shopping center last summer use an escalator in front of a building under development in London. PHOTO: DANIEL LEAL-OLIVAS/AFP/GETTY IMAGES By ART PATNAUDE of the Wall Street Journal Investors are piling money into real-estate…

17Jan
2017

Steve Hyatt answers: Who pays for changes needed to the layout, new walls, special telephone lines, and electrical work? Berger Commercial Realty

https://youtu.be/fM04zSmohnA In a lease situation, it is typically the landlord who pays that and that is agreed upon in the lease upfront. What you try to do is get an understanding in writing, a schedule on the back of a lease that says what following tenant improvements will be performed by landlord at their…

10Jan
2017

Michael Feuerman answers: What are CAM (common area maintenance) charges? Berger Commercial Realty

https://youtu.be/tUpqMmwfZgs CAM charges are the cost that a landlord pays to operate and run a commercial property. It stands for common area maintenance and is usually interchangeable with the term operating expenses. This would include the common area maintenance, charges for cleaning up common areas, security for the property, property taxes, property insurance, repairs…

5Jan
2017

Judy Dolan answers: What is grade level loading? Berger Commercial Realty

https://youtu.be/h67BJabRzUA Grade level loading is where the loading door to the warehouse is street level. This type of loading allows for easy vehicle access into the warehouse.

4Jan
2017

Berger Commercial Realty Facilitates $8 Million Sale of McNab Commercial Center Berger Commercial Realty

[vc_row][vc_column][vc_column_text] FORT LAUDERDALE, Fla. (January 4, 2016) – Berger Commercial Realty President Lloyd Berger and Broker Associate Greg Milopoulos recently represented McNab Commercial Center No. 1, LLC in the $8 million sale of McNab Commercial Center to Genet Property Group. The transaction closed December 15. “Genet Property Group was the ideal buyer for this…

3Jan
2017

Berger Commercial Realty Secures 30,000 SF In Lease Transactions Berger Commercial Realty

[vc_row][vc_column][vc_column_text] Berger Commercial Realty brokers recently secured 30,279 square feet in lease transactions on behalf of landlords in Broward County. Powerline Business Center Senior Vice President Keith Graves represented Rising Tide Development, LLC in leasing 8,400 square-feet of office space to Auto Mobility Sales, Inc. at Powerline Business Center, located at 5601 N.W. Powerline Road.…

3Jan
2017

Berger Commercial Realty Facilitates Sale Of Ft. Lauderdale Industrial Property Berger Commercial Realty

[vc_row][vc_column][vc_column_text] Berger Commercial Realty Senior Vice President St. George Guardabassi represented Ardox Corp. in the $2.1 million sale of a 45,000-square-foot industrial property to BJK Ventures, LLC d/b/a Elite Marine A/C at 1957 S. Andrews Ave. in Fort Lauderdale. The property consists of an 18,000-square-foot warehouse featuring six street-level overhead doors and up to…

21Dec
2016

Berger Commercial Realty Facilitates Sale Of AMC Liquidators Warehouse In Tamarac Berger Commercial Realty

[vc_row][vc_column][vc_column_text] Berger Commercial Realty Senior Vice Presidents Keith Graves and St. George Guardabassi recently represented AMC Liquidators in the $965,000 sale of the AMC Warehouse to S.V.P. Tile & Marble, Inc. “The warehouse was used for the storage of furniture by AMC Liquidators, one of the country’s premier commercial and residential furniture liquidators,” Graves said.…