, ,

CRE Industry Veteran Dan Casey, CCIM Joins CRE Florida Partners To Expand Commercial Investment Brokerage

Michael Rauch and Thomas Robertson, co-founders of Rauch, Robertson & Co. and CRE Florida Partners, welcome Dan Casey, CCIM to its team of professional commercial real estate specialists.

Dan Casey, CCIM is a senior real estate advisor with over twenty-five years of commercial real estate brokerage, development and management experience. His extensive market knowledge and broad-based expertise enables him to identify sound investment opportunities and develop value-enhancing strategies that maximize investment returns and minimize risk.

Dan has brokered commercial property acquisitions, dispositions and provided underwriting and due diligence advisory services on property and portfolio transactions of more than $500 million. He has represented commercial property owners and tenants in office, industrial and retail lease transactions totaling 510,000 square feet. His extensive background includes complex property transactions and successfully implemented distressed real estate workout and repositioning plans.

His management experience includes asset management of institutional property portfolios of 3.7 million square feet of Class A office.  As a Development Project Manager, he oversaw the design and construction of over $68 million of new construction and capital improvements projects, as well as tenant improvement projects of more than 350,000 square feet of Class A office and retail space.

“Dan will be critical to expanding our firm’s Commercial Investment team throughout the tri-county areas in South Florida,” commented Rauch. “We are excited to have him as a member of our real estate family.”

Dan earned the prestigious CCIM designation in 2010 and has been an active member of the CCIM Florida Chapter since moving to the state from Southern California in 2009.  In 2017, he sat on the CCIM Florida Chapter’s Executive Committee, served on the East Coast District’s Board of Directors since 2015, and is currently serving his second consecutive term as District President.  Dan is a graduate of Trinity University where he majored in History and minored in Business.

CRE Rauch, Robertson & Co. is seeking leasing and investment sales professionals for its growing commercial real estate expansion in Broward and Palm Beach counties. Multiple positions are available within these and other Florida markets that offer a unique ground floor career opportunity to work closely with the firm’s Founders Tom Robertson and Michael Rauch to move their vision for the CRE Florida Partners brand forward. Commission and benefits are commensurate with experience. A Florida Real Estate License and Commercial Real Estate experience are required. Only qualified candidates should apply by forwarding resumes to mail@crefloridapartners.com.

 

Broward Leads South Florida Job Growth In April

While unemployment continued to decline in April, job creation was a mixed bag in South Florida, according to data released by the state on Friday.

“Florida’s economy is in an expansion mode that is in its late phases,” said Sean Snaith, economist for the University of Central Florida in Orlando. “It’s hard to sustain high rates of job growth. Florida is still adding jobs more rapidly than the U.S. economy, but our lead is narrowing.”

Broward County’s jobless rate fell to 3.2 percent compared with 3.7 percent in April 2017, according to the Florida Department of Economic Opportunity. Meanwhile, the county added 12,800 jobs, an increase of 1.5 percent over the year. That was the most jobs added in the tricounty region.

Construction led job growth in Broward, with the addition of 3,400 jobs, followed by 3,100 jobs in professional and business services; 2,100 in other services; 1,000 in trade, transportation and utilities; 800 in manufacturing; 800 in leisure and hospitality; 400 in government; 100 in information; and 100 in education and health services. Broward didn’t lose any jobs in April 2017.

Palm Beach County’s unemployment in April declined to 3.3 percent from 3.8 percent a year ago. The county added 500 jobs, an increase of only 0.1 percent. There were 2,800 new jobs in construction; 1,800 in financial activities; 1,700 in leisure and hospitality; 700 in manufacturing and 600 in government. However, Palm Beach County also lost jobs over the year: 3,600 in education and health services; 1,800 in trade, transportation and utilities; 900 in professional and business services; 500 in information; and 300 in other services.

Miami-Dade County’s jobless rate was 4.2 percent compared with 4.6 percent in April 2017. The county added 12,300 jobs, an increase of 1 percent over the year. The county added 6,200 jobs in manufacturing; 5,800 in construction and mining; 3,800 in education and health services; 1,000 in professional and business services; and 700 in trade, transportation and utilities. Miami-Dade also lost jobs over the year: 2,000 in financial activities; 1,500 in government; 1,000 in other services; 500 in information; and 300 in leisure and hospitality.

Florida’s unemployment rate was 3.9 percent seasonally adjusted, unchanged from March but a decline from 4.3 percent a year ago. The state added 178,400 jobs, an increase of 2.1 percent over April 2017.

 

Source: SunSentinel

Location Of Possible New Dolphins Headquarters In Miramar Revealed

The Dolphins are looking for a new home. Miramar has the land and a pretty sweet deal.

That is why the Southwest Broward bedroom town is on a very short list to land the team’s headquarters, should the Dolphins move from Davie.

Miramar Mayor Wayne Messam recently told residents about a very preliminary plan to lease a 21-acre plot of land between Everglades High School and Glades Middle School to the Dolphins for a self-funding new practice facility.

While the terms of the nascent financial deal were not made public, the Dolphins would be headquartered there for at least the next two decades, leasing the land for a negligible amount. This is only possible because the Dolphins are considering (but certainly not set on) a move from their Nova Southeastern home for the last quarter-century.

“Our benefits would come from a community benefit package, direct and indirect economic benefits of having the Dolphins here in our community,” Messam said after the 90-minute open forum. “It would be more of a comprehensive deal. The Dolphins will be fully funding and financing their own construction of their site. There will be no public dollars that will go into the construction of the facility.”

The team is considering three sites in Miami-Dade and Broward, but were not prepared to name the others. The Dolphins want additional training facility space for their locker room, cafeteria, weight room and physical therapy room, among other upgrades. But a source said they have by no means ruled out making those upgrades at Nova Southeastern.

The Dolphins are still evaluating whether there’s enough space on the Nova campus to achieve everything they would like to do and how much those upgrades would cost if they remain at Nova. The Dolphins’ contract with Nova includes a series of three-year options than run through 2033, according to Nova president George Hanbury.

Asked if he would be receptive to the Dolphins leaving in the middle of one of those three-year options, Hanbury said: “That’s something we would have to discuss. We’ve never looked at it as a tenant/landlord. We’ve looked as partner in community.”

Hanbury declined to say if there was any financial penalty for the Dolphins leaving during their contract. But Hanbury made clear the Dolphins can stay as long as they would like.

“I am sure other cities would love to have the Dolphins,” Hanbury said. “Any business is always looking for opportunities. That’s a business decision on their part. We are very happy to have the Dolphins on our campus. They have got opportunities to stay there as long as they want. The Dolphins have options for further expansion on our campus if they decide to remain long-term. As part of the Dolphins’ agreement with the university, Nova students receive free tickets to games,and the Dolphins agreed to have their trainers and coaches speak to our students occasionally.”

Miramar would look for a more robust partnership, based on Messam‘s presentation, and Dolphins officials insist they will be great neighbors, regardless of where they end up. The proposed Miramar site would be a few miles west of Interstate 75, between Dykes Road and Southwest 172 Avenue, bordered by Bass Creek Road to the north.

Messam said that Bass Creek would likely be expanded from two to four lanes, should the Dolphins move there. The facility would include a field house with an indoor field, two regulation-sized outdoor practice field, offices, training and weight rooms and lockers.

“The deal would likely need to include some sort of property tax incentive for the Dolphins,” Messam said. “Construction would be completed in approximately two years from the time an agreement is reached.”

“We haven’t ranked these sites, but Miramar has location, location, location,” said Marcus Bach-Armas, the team’s senior director of legal and government affairs. “It’s a great place to work, it’s a great place to play.”

 

Source: Miami Herald

West Palm Beach Might Revive Rezoning Plan To Encourage Downtown Office Development

West Palm Beach might reconsider a business district that would encourage downtown office development through rezoning.

Mayor Jeri Muoio directed city staff to revive planning for the Okeechobee Business District downtown, which the city commission rejected last year.

The proposed district would have rezoned an area that now limits the height of buildings to five stories. But opponents saw the proposal as an attempt to promote one development within the district: One Flagler, a 25-story office building proposed by The Related Companies, led by Miami Dolphins owner Stephen Ross.

Mayor Muoio told the city’s development services director, Rick Greene, to revive planning for the Okeechobee Business District to encourage downtown office development.

The city’s Planning Board is scheduled to consider the district on May 15. The five-member city commission may have enough votes to approve the Okeechobee Business District this year. Two of the three votes against the district last year were cast by city commissioners who are no longer in office.

It is unclear whether the district would again include the land where Related wanted to build a 25-story office building, which opponents had denounced as “spot zoning.”

Gopal Rajegowda, senior vice president of Related, said the company’s focus in West Palm Beach is developing an office building at another downtown site at Rosemary Avenue and Evernia Street.

 

Source: The Real Deal