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…

10Jan
2017

Michael Feuerman answers: What are CAM (common area maintenance) charges? BTS Web

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? BTS Web

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 BTS Web

[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 BTS Web

[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 BTS Web

[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 BTS Web

[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.…

19Dec
2016

Berger Commercial Realty Facilitates Purchase Of Boca Building BTS Web

[vc_row][vc_column][vc_column_text] Berger Commercial Realty Palm Beach County Managing Director Michael Feuerman recently facilitated the $7.2 million purchase of the Boca Maritime Building from Boca Maritime, Inc. With the purchase, the buyer retained Berger Commercial Realty to manage and lease the property. “The buyer saw this property as an ideal owner-user and investment opportunity,” Feuerman…

15Dec
2016

Berger Commercial Realty Secures Nearly 35,000 SF In Lease Transactions BTS Web

[vc_row][vc_column][vc_column_text]Berger Commercial Realty brokers recently secured 34,851 square feet in lease transactions on behalf of landlords in Fort Lauderdale. Palm Crossing North Senior Vice President Keith Graves represented SPG Palm Crossing, LLC in renewing a lease for 14,100 square feet of flex space to Anita International Corporations at Palm Crossing North, located at 3540 N.W.…

13Dec
2016

Jonathan Thiel answers: How is the commission calculated on a lease? BTS Web

https://youtu.be/e9HxzevH2dU Commission is calculated on a lease by the gross lease value paid to the landlord. If it's a multi-year lease, it is paid on the gross value of the multi-year lease. For example, if a lawyer signs a three-year lease, pays $2,000 a month, the lawyer pays a $24,000 annual rent to the…

9Dec
2016

BF Aerospace Inks 45,000 SF Lease Deal, Brings Prologis Industrial Park To Full Occupancy BTS Web

[vc_row][vc_column][vc_column_text]Berger Commercial Realty Senior Vice President Keith Graves and Broker Associate Greg Milopoulos recently represented Prologis-North Carolina Limited Partnership in leasing 45,258 square-feet of industrial space at Prologis I-595 to BF Aerospace, represented by Matthew McAllister of Cushman & Wakefield. With the transaction, the brokers have brought the 150,452-square-foot industrial park to full occupancy.…

8Dec
2016

Judy Dolan answers: What is dock high loading? BTS Web

https://youtu.be/zumZy8WycWw Dock high loading is the most common type of loading in warehouses. This refers to the standard height of 48 inches from the ground to the floor of a warehouse. A standard shipping container is generally that height.

6Dec
2016

Roxanne Collins answers: What is free rent in a commercial lease? BTS Web

https://youtu.be/SsH_dZFrII8 Free rent is a concession to sweeten the deal. It could be a concession of gross monthly rent, or net monthly rent, depending on what the negotiations are.

1Dec
2016

Michael Feuerman answers: How much does it cost to hire a broker? BTS Web

https://youtu.be/ObjceQeejwQ The cost to hire a broker varies from market to market. Generally speaking in South Florida, the cost to hire a broker is paid by the landlord or the seller of the property. For sale properties, it's generally five to six percent of the full sale price. For lease properties, it's generally four…