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.

29Mar
2016

St. George Guardabassi answers the question: What commercial property listing services will my property appear if I list with Berger Commercial Realty Berger Commercial Realty

Unlike residential real estate, commercial real estate uses many different listing services. We use up to about 14 different listing services. The company pays about, nearly $100,000 a year. The two primary services that we use are CoStar and LoopNet. We also use Catalyst property search and a host of others. This is to…

24Mar
2016

Gina Yehuda answers the question: What is an estoppel certificate and why is this necessary in the purchase of commercial real estate property? Berger Commercial Realty

An estoppel certificate is used in a real estate transaction. It's a signed document establishing certain facts and confirming the terms of the lease which the signing party may not later dispute or recant.

21Mar
2016

Steve Hyatt answers the question “To get started in search for commercial space what do I need to provide to the commercial real estate broker?” Berger Commercial Realty

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 through…

21Mar
2016

Buying Versus Leasing in Today’s Market Berger Commercial Realty

By: Roxanna Collins Over the course of my 30-year career, I can say with certainty that commercial real estate is one of the most dynamic industries in the world. Being a broker requires deft navigation and awareness of ever-changing market trends. Additionally, it’s important to have a solid understanding of how certain conditions will…

21Mar
2016

Stephanie Bernota Joins Berger Commercial Realty as a Sales Associate Berger Commercial Realty

FORT LAUDERDALE, Fla. - Berger Commercial Realty, a full service commercial real estate firm based in South Florida, announced that Stephanie Bernota has joined the firm as a Sales Associate. She is a licensed real estate agent in the state of Florida who focuses on investment real estate. Bernota is experienced in handling short…

17Mar
2016

Berger Commercial Realty Receives Multiple Recognitions by CoStar in the 2015 Power Broker Awards Berger Commercial Realty

Berger Commercial Realty is proud to announce that the firm has been honored by CoStar with Power Broker Awards as a Top Sales Firm and Top Leasing Firm for 2015 in the Broward County / Fort Lauderdale market. CoStar, which has more than 1,600 researchers analyzing commercial real estate sales, leases and listings each…

11Mar
2016

Jonathan Thiel Promoted to Senior Sales Associate at Berger Commercial Realty Berger Commercial Realty

FORT LAUDERDALE, Fla. – Jonathan Thiel was recently promoted to senior sales associate at Berger Commercial Realty, a full service commercial real estate firm based in South Florida. Thiel joined the firm as a sales associate in 2012. “Since joining the firm four years ago, Jonathan has certainly come into his own as a…

11Mar
2016

Berger Commercial Realty Brokers New Lease at Plantation Technology Park Berger Commercial Realty

FORT LAUDERDALE, Fla.- Berger Commercial Realty brokers Judy Dolan, Keith R. Graves, CCIM and Jonathan Thiel represented CoFe Fund 1-Plantation, LLC in leasing 8,300 square-feet of office space to ABNS, LLC at Plantation Technology Park. Located in Plantation at 1700 N.W. 66th Ave., Plantation Technology Park is a multi-tenant campus-style office park featuring renovated…

4Mar
2016

Judy Dolan Of Berger Commercial Realty Promoted to Senior Vice President Berger Commercial Realty

FORT LAUDERDALE, Fla. – Berger Commercial Realty recently announced the promotion of Judy Dolan to senior vice president. With more than two decades of experience in commercial real estate, Dolan was promoted to vice president in 2009 after joining Berger Commercial Realty as a broker associate in 2006. Licensed by the Florida Bar, her…