550 S. Andrews Avenue, Suite 400, Fort Lauderdale, FL 33301
- 3Nov
2016
Michael Feuerman answers: How can using a broker help me if I am looking for space to buy? BTS Web
If you're in the market to buy commercial property, having a broker is very important. A broker will serve several functions and bring you several advantages. First, they know the inventory in the market. They know what buildings are for sale. They know what buildings are off market, but might be for sale.…
- 3Nov
2016
Berger Commercial Realty’s Roxanna Collins Reps Florida Iron Doors In 12,000 SF Lease Deal BTS Web
Berger Commercial Realty Broker Associate Roxanna Collins represented Florida Iron Doors in leasing 12,349 square-feet of space from Ivy Quorum Property, LLC at the Quorum Business Park, located at 620 to 852 S. Military Trail in Deerfield Beach. A manufacturer and supplier of hurricane and impact resistant wrought iron doors, Florida Iron Doors relocated its…
- 1Nov
2016
Jonathan Thiel answers: How are commercial real estate brokers compensated? BTS Web
Commercial real estate brokers are compensated on a commission basis by the percentage of the transaction they complete. For example, a commercial real estate broker can sell a million dollar office building, and then make a percentage of that transaction. If it's 3%, they would make $30,000 of that million dollar transaction.
- 31Oct
2016
Berger Commercial Realty Awarded Leasing Assignment For New Distribution Center BTS Web
[vc_row][vc_column][vc_column_text]Berger Commercial Realty was awarded the leasing assignment for Bergeron Family of Companies’ new Bergeron Distribution Center in Pembroke Pines. Senior Vice President Keith Graves and Broker Associate Greg Milopoulos will serve as the exclusive leasing agents for the 170,373-square-foot, class-A distribution warehouse, which is scheduled for completion by the end of the second quarter…
- 28Oct
2016
Distribution center breaks ground on west side of county BTS Web
Bergeron Properties & Investment Corp. has broken ground on a spec distribution center on the western side of Pembroke Pines. Located on the 9.1-acre site at 19700 Stirling Road — just east of U.S. 27 — the Bergeron Distribution Center will total 170,373 square feet. This is the first phase of a $137 million…
- 27Oct
2016
Developer of luxury condos plans to build hotel in Fort Lauderdale BTS Web
A developer building luxury condos in Fort Lauderdale has purchased more land in the city — but this time for a hotel. Through an investment firm, Grupo Alco paid $3.6 million for 1.75 acres at 350 E. State Road 84, just west of Federal Highway, 2 miles from Fort Lauderdale-Hollywood International Airport and less…
- 27Oct
2016
John Forman answers: What is the difference between ceiling height and clear ceiling height? BTS Web
The difference between ceiling height and clear ceiling height is that the ceiling high as measured from the floor to the underside of the roof, and clear ceiling height is measured from the floor to the underside of the lowest hanging object on the ceiling, whether that be a light or a sprinkler…
- 25Oct
2016
Berger Commercial Realty Negotiates Two-Acre Land Lease BTS Web
[vc_row][vc_column][vc_column_text] Berger Commercial Realty Senior Vice President Joseph Byrnes and Sales Associate John Forman represented Forman Industrial Land, LLC in leasing two acres of industrial land to SoFla Trucking, Inc. at East Rock Pit, located on Reese Road at the southwest corner of Florida’s Turnpike and I-595 in Davie. East Rock Pit is part of…
- 18Oct
2016
Lloyd Berger answers: What is Berger Commercial Realty’s full range of services? BTS Web
Berger Commercial provides sophisticated third-party commercial real estate services for office, retail, industrial, and investment properties. We specialize in both tenant and landlord representation as well as receivership services.
- 13Oct
2016
Joseph Byrnes answers: What is a holdover tenant? BTS Web
A holdover tenant is a tenant who is in occupancy of their premises beyond their lease expiration date, and a lot of times if a holdover tenant is there, they may be subject to additional rent, a lot of times it's 200% of what they were currently paying at the end of their…
- 11Oct
2016
Judy Dolan answers: Is it enough that my commercial real estate broker reviewed my lease for me? Do I need to have an attorney look at it? BTS Web
Generally, commercial real estate brokers are no attorneys and not allowed to give legal advice. It is always a good idea to have your attorney review your lease to protect your interests. If you don't want to use an attorney make sure that you read the lease completely, that understand what is required…
- 11Oct
2016
Fort Lauderdale to consider three major developments BTS Web
Fort Lauderdale officials will review three major development proposals for the first time Tuesday. The items will go before the Development Review Committee, although they will need city commission approval at a later date. The 550 Building should break ground at 550 S. Andrews Ave. in Fort Lauderdale in late 2016…
- 29Sep
2016
Berger Commercial Realty Named Exclusive Sales Agent For $19 Million Portfolio BTS Web
Berger Commercial Realty was appointed by Rising Tide Development, LLC as the exclusive sales agent for a portfolio consisting of three business parks in Fort Lauderdale. Listed at $19.275 million, the properties span 16.24 acres and total 207,752 square-feet of office, flex and industrial space. Senior Vice Presidents Joseph Byrnes and Keith Graves and…
- 29Sep
2016
Michael Feuerman answers: What are CAM charges? BTS Web
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…
- 27Sep
2016
Lloyd Berger answers: When is a receiver appointed and why? BTS Web
There are many reasons a receiver is appointed, the most common of which is when a lender feels that their mortgage is in jeopardy and the property value is no longer great enough to satisfy their mortgage. Other reasons a receiver may by appointed would be partnership disputes, when people can't agree on…
- 27Sep
2016
Berger Commercial Secures More Than 35,500 SF In Lease Transactions BTS Web
Berger Commercial Realty brokers recently represented landlords at five properties across Broward County in closing seven lease transactions totaling 35,521 square-feet of space. Enterprise Commerce Center Senior Vice President Keith Graves and Sales Associate John Forman represented Mancini & Sons Florida, LLC in leasing 10,351 square-feet of industrial space to Vapor Supply, LLC at…
- 22Sep
2016
St. George Guardabassi answers: How can using a broker help me if I am looking for space to lease? BTS Web
Usually, the cost of a real estate broker will save you money. The main reason for this is that we know the market, we're out there in the trenches every day, we represent tenants and landlords, looking for space or trying to lease space. We know the concessions that they're offering. We know…
- 21Sep
2016
Berger Commercial Welcomes Lawrence Oxenberg BTS Web
Berger Commercial Realty recently announced that Lawrence Oxenberg has joined the team as a sales associate. In his new role, Oxenberg is responsible for representing landlords as well as local and national independent and franchise tenants in leasing, buying and selling retail properties throughout Broward, Miami-Dade and Palm Beach counties. Prior to joining Berger…
- 15Sep
2016
Tim Hackett answers: What is considered an industrial property? BTS Web
An industrial property is a wide range. It can be anything from flex space, which would be a portion in a portion warehouse to heavy industrial, which would be manufacturing, such as a large factory.
- 13Sep
2016
Steve Hyatt answers: What do I do if I want to buy or lease property? BTS Web
First of all, I'd contact an experienced and knowledgeable broker in the specific area where you're focused on. That broker can start you from an initial needs assessment all the way through site selection, financing, negotiation whether it's a lease or a buy, the financing scenario, as well as even post-move logistics. To…