550 S. Andrews Avenue, Suite 400, Fort Lauderdale, FL 33301
- 13Apr
2017
Berger Commercial Realty Recognized by CoStar in Power Broker Awards BTS Web
The awards celebrate the top commercial real estate firms and brokers in the industry In more than 90 markets across the United States, CoStar researchers tallied all commercial real estate sales and lease transactions that closed in 2016 to determine the winners of its annual Power Broker Awards, which recognize the firms and brokers…
- 12Apr
2017
Experience the Power of Market Knowledge BTS Web
Managing and leasing your own Commercial Real Estate proved to be more demanding than you thought? That’s why Berger Commercial Realty offers third-party brokerage, management and receivership services. Dedicated to your success, together we’ll align our services and your individual business goals. We have the knowledge, expertise, and systems already in place, keeping you ahead…
- 10Apr
2017
Berger Commercial Realty Reps Tenants In 26,000 SF Of Lease Transactions BTS Web
Berger Commercial Realty/CORFAC International brokers recently secured 26,437 square feet in lease transactions on behalf of tenants across Florida. At Ivy Quorum Property, LLC‘sQuorum Business Park, located at 736 S. Military Trail in Deerfield Beach, Broker Associate Roxanna Collins represented Florida Iron Doors in the lease expansion of 12,991 square feet of space. Collins previously represented Florida…
- 27Mar
2017
Berger Commercial Realty Secures 53,000 Square Feet For Pharmaceutical Logistics Company BTS Web
Michael Feuerman, tenant representation specialist and Palm Beach County managing director for Berger Commercial Realty/CORFAC International, recently closed a lease for 53,139 square-feet of industrial space for a pharmaceutical logistics company in Boca Raton. Feuerman represented WDSrx – Woodfield Distribution, LLC in leasing the space at 6500 Park of Commerce Blvd. WDSrx provides pharmaceutical…
- 22Mar
2017
Berger Commercial Realty Secures 41,000 Square Feet In Lease Transactions BTS Web
[vc_row][vc_column][vc_column_text] Berger Commercial Realty/CORFAC International recently secured 40,764 square-feet in lease transactions of behalf of landlords across Broward County. Harbor Walk Senior Vice President Steve Hyatt represented Intervest Harbor Walk, LLC in leasing 9,396 square feet of office space to IFA United -I- Tech, Inc. at Harbor Walk, located at 1650 S.E. 17th…
- 14Mar
2017
Tim Hackett answers: Who pays for tenant improvements? BTS Web
https://youtu.be/Ytbm8MTqWQA Typically, the landlord pays for tenant improvements as part of the negotiation of a lease. At times, the rate of a lease or perhaps free rent is given in lieu of paying for the tenant improvements.
- 14Mar
2017
Berger Commercial Realty’s Judy Dolan Inks 20,000 SF in Hollywood Lease Deals BTS Web
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 BTS Web
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? BTS Web
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 BTS Web
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? BTS Web
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? BTS Web
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? BTS Web
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 BTS Web
[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? BTS Web
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 BTS Web
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? BTS Web
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 BTS Web
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 BTS Web
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? BTS Web
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…