550 S. Andrews Avenue, Suite 400, Fort Lauderdale, FL 33301
- 7Jun
2016
Robert Dabrowski answers: What is an environmental site assessment? Berger Commercial Realty
Environment site assessment is a report that's for real estate holdings that identified an existing or potential contamination liabilities. This analysis is also called an ESA and it addresses the underlying condition of the land and the improvements of the property. There's also many different phases that can be done.
- 2Jun
2016
Berger Commercial Closes $27 Million Sale Of Lauderdale Marketplace Berger Commercial Realty
Berger Commercial Realty President Lloyd Berger and Senior Vice President Joe Byrnes represented Austin Forman and William Murphy ofLauderdale Marketplace Investments, LLC in the $27 million sale of Lauderdale Marketplace to Meir Benzakenof Exclusive Management and Properties, Inc. (EMPI). The transaction closed on May 26. The 265,000-square-foot retail property sits on a 30-acre lot at…
- 2Jun
2016
Michael Withrow answers: “What is a gross lease?” Berger Commercial Realty
A gross lease is as a tenant you're paying a single dollar amount. Usually, the landlord has already factored in the operating expenses into that. From a tenant perspective, it's good because you know what your rate is going to be every month of your lease. From a landlord perspective, it's a gamble…
- 31May
2016
Roxanne Collins answers “What is Base Rent?” Berger Commercial Realty
Base rent is the minimum amount due each month that's stipulated in your lease document or any negotiation that you have directly with your landlord. There would be additional rent stipulated in your lease outside of the base rent.
- 26May
2016
Joe Ragon answers “Are utility costs included in the rent? How are they calculated?” Berger Commercial Realty
In the absolute gross lease, utility costs are included in the rent. In the absolute net lease, utility costs are not included in the rent. The modified gross or net lease falls somewhere in between because the landlord can pass through utility costs as part of the [cam 00:00:19]. Always review your lease…
- 24May
2016
Mike Feuerman answers: “If I am a Tenant, why do I need a commercial real estate broker?” Berger Commercial Realty
- 20May
2016
Tim Hackett answers the question: What services does a commercial property manager provide? Berger Commercial Realty
A commercial property manager provides a multitude of services, everything from providing a budget for the property, to maintaining a property, to being the liaison between the tenants and the landlord, also overseeing the maintenance and services provided to a property
- 17May
2016
Jonathan Thiel answers: What is a letter of intent? Berger Commercial Realty
The purpose of a letter of intent is to outline the basic terms of the transaction before the parties enter into a formal agreement. Letter of intents, for the most part, are nonbinding agreements and can be used for sales and lease transactions.
- 13May
2016
What does “as-is”, “where-is” mean? Berger Commercial Realty
https://www.youtube.com/watch?v=qa3l4neQfWs "As is where is" is the same as "as is." What you see and what you don't see is what you get. In other words, you're getting the property or space as it is today the day you sign the deal. In this day and age you can be an informed consumer and…
- 5May
2016
Michael Withrow answers the question: What reports should I expect from a property manager? Berger Commercial Realty
First thing you'll see when you get a package from Berger Commercial Realty is a narrative of the property. What that will do is it will tell you what's happening at the property. The financial data that you'll also receive will tell you how your property is performing, but the nuts and bolts are…
- 4May
2016
Edward Berkheimer Joins Berger Commercial Realty as Vice President of Property Management Berger Commercial Realty
FORT LAUDERDALE, Fla.– Berger Commercial Realty, a full service commercial real estate firm based in South Florida, recently hired Edward Berkheimer as vice president of property management. With more than 35 years of experience, Berkheimer joins the firm from KTR Capital Partners / KTR Management Services, LLC, where he served as vice president of…
- 3May
2016
Gina Yehuda answers the question: What is a “vanilla box” in a retail center? Berger Commercial Realty
Vanilla box is a term used to describe a space with a cement floor, ready-to-paint walls, working electrical outlets, lighting, plumbing, finished ceiling, heating, and air conditioning. What it doesn't include is internal partitions.
- 29Apr
2016
Berger Commercial Realty Closes Sale of Land Parcel Located 100 Yards North of Broward Health Medical Center for More Than $600,000 Berger Commercial Realty
The property is slated for redevelopment into a 5,000-square-foot office building FORT LAUDERDALE, Fla. - Senior Vice President Steve Hyatt of Berger Commercial Realty recently represented Martha Hutchinson in the $682,813 sale of a 14,375-square-foot land parcel with commercial and residential zoning. The property was purchased by 1311 S.E. 3, LLC. Located at 1311…
- 27Apr
2016
Joseph Byrnes answers the question: If I am buying commercial real estate property, do I need an environmental site assessment? Berger Commercial Realty
Whereas environmental site assessment is not requirement of a purchase of commercial real estate, it's a great idea to have one. Also if you get a loan for that, your bank is going to require you to have an environmental site assessment.
- 19Apr
2016
Judy Dolan answers the question: What is a parking ratio? Berger Commercial Realty
A parking ratio is the number of parking spaces allocated towards the amount of square footage leased, or the amount in the building. The parking ratio is usually stated in the number of spaces per the square feet, for instance, if you have a 4 per 1,000 parking ratio, that means there are…
- 13Apr
2016
Michael Withrow answers the question: What is a 1031 Exchange and how does it work? Berger Commercial Realty
1031 exchange is not a tax avoidance, but rather a tax deferment. For example, if you have a property that you sell for $200,000 rather than paying the 20% tax rate, if that's your tax rate you have to pay the $400,000. If you have a like property in mind, you can roll…
- 11Apr
2016
Berger Commercial Realty Announces The New 550 Building In Downtown Fort Lauderdale Berger Commercial Realty
Commercial real estate firm awarded leasing and management assignment for the property FORT LAUDERDALE, Fla. – Berger Commercial Realty announced it has been awarded the leasing and management assignment for a new seven-story, Class “A” office tower being developed in downtown Fort Lauderdale by Blackhawk Properties & Investments, LLC. Located at 550 S. Andrews…
- 8Apr
2016
Wendy Collins answers the question: What is a Twin-T roof? Berger Commercial Realty
It's a double T beam its load bearing structure that resembles two T beams connecting to each other side by side. It creates a strong bond of the flange and it's a structure that is capable of withstanding high wind loads while having a longer span.
- 4Apr
2016
Lloyd Berger answers the question: What markets does Berger Commercial Realty serve? Berger Commercial Realty
Berger Commercial Realty services Dade, Broward and Palm Beach Counties. Although we are South Florida focused, we do handle properties throughout the State of Florida.
- 1Apr
2016
Tim Hackett answers the question: Who pays for tenant improvements? Berger Commercial Realty
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.