550 S. Andrews Avenue, Suite 400, Fort Lauderdale, FL 33301
- 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…
- 6Sep
2016
Michael Withrow answers: What is a 1031 exchange? BTS Web
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…
- 2Sep
2016
Berger Commercial’s Keith Graves Renews 32,000 SF Lease BTS Web
[vc_row][vc_column][vc_column_text] Berger Commercial Realty Senior Vice President Keith Graves recently represented SPG Palm Crossing, LLC in renewing a lease for 32,220 square feet of flex space at Palm Crossing Central to Integrated Regional Laboratories (IRL), a hospital-affiliated regional laboratory provider that offers state-of-the-art diagnostic testing, microbiology capabilities and personalized client support services. IRL’s facility…
- 1Sep
2016
Tim Hackett answers: What are rules and regulations in a commercial lease? BTS Web
The rules and regulations are the do's and don'ts of the property. They govern things such as a tenant not making noise to disturb their neighbors to perhaps what time the building is accessible.
- 30Aug
2016
Roxanne Collins answers: What is the term of a commercial lease generally? BTS Web
The term is the stipulated amount of time from the inception of the lease to the expiration of the lease. It could be stipulated in months or years.
- 30Aug
2016
Berger Commercial Realty Secures 30,500 SF In Lease Transactions BTS Web
Berger Commercial Realty brokers recently secured 30,543 square feet in lease transactions on behalf of landlords in Fort Lauderdale. Harbor Walk Building Senior Vice President Steve Hyatt represented Intervest-Harbor Walk, LLC in leasing 7,200 square-feet of space to Platinum Fundraising, LLC at the Harbor Walk Building. Along with Senior Vice President St. George Guardabassi,Hyatt also…
- 25Aug
2016
Tim Hackett answers: What is hold over rent in a commercial lease? BTS Web
Hold over rent is when a tenant stays in their space after their lease expiration date. The landlord charges a premium for the tenant to stay in that space not being on a lease and it also hinders the landlord from making any plans on that space. That's why there's the upcharge for…
- 24Aug
2016
Berger Secures Fort Lauderdale Location For New York Law Firm’s First Out-of-State Branch BTS Web
Berger Commercial Realty Senior Vice President Judy Dolan recently represented Ultimate Fitness, LLC in subleasing 12,990 square feet of office space to Gacovino, Lake & Associates, PC at Harbor Shops, located at 1815 Cordova Road in Fort Lauderdale. The space previously served as the headquarters for Orangetheory Fitness, which purchased a new 77,000-square-foot facility in…
- 23Aug
2016
Michael Feuerman answers: What is a due diligence period in a commercial real estate contract? BTS Web
Due diligence period usually refers to the time after signing a contract that the buyer has to inspect the property and make a decision whether they want to buy the property or lease the property or otherwise go forward with the transaction. It's important during due diligence period that you gather all of…
- 18Aug
2016
Tim Hackett answers: Who pays the property taxes on a commercial space? BTS Web
The tenants of a property pay for the property taxes at a commercial space. In general, they pay their proportionate share, which would be their percentage that they occupy the building.
- 18Aug
2016
Berger Awarded Exclusive Sales Listing For $7.7 Million Portfolio Of 6 Broward Properties Totaling 235,000 SF BTS Web
[vc_row][vc_column][vc_column_text] Berger Commercial Realty was recently awarded the exclusive sales listing for a portfolio of six properties in Tamarac totaling 234,935 square-feet of space. Senior Vice Presidents St. George Guardabassi and Keith Graves will handle the sales efforts for the properties, which have a combined listing price of more than $7.7 million. Encompassing…
- 16Aug
2016
Lloyd Berger answers: What is TCN and why are you a member? BTS Web
TCN worldwide is an affiliation of top real estate offices in 58 markets nationally and internationally, comprising 800 professionals. We joined TCN to further the services we can provide to our clients and provide them a one point of service for all of their real estate needs around the country.
- 15Aug
2016
Berger Commercial Realty Secures More Than 23,000 SF In Lease Transactions BTS Web
Berger Commercial Realty brokers recently secured 23,537 square feet in lease transactions on behalf of landlords across Broward County. Cypress Creek Business Park Senior Vice President Joe Byrnes and Senior Sales Associate Jonathan Thiel represented Rising Tide Development, LLC in the lease expansion of 3,900 square feet of office space to Encompass Onsite, LLC and the…
- 11Aug
2016
Gina Yehuda answers: What is a Phase II Environmental Survey? BTS Web
A Phase 2 environmental site assessment is performed when the Phase 1 identifies recognized environmental conditions and/or recommends further investigation.