PIE SHAPED RETAIL BAY WITH MAXIMUM EXPOSURE AT THE PONCE CIRCLE PARK. TURN-KEY RETAIL SPACE WITH A BEAUTIFUL STOREFRONT. NEIGHBORING TENANTS INCLUDE ANTHONY'S COAL FIRED PIZZA, CAFE CARUBA, TRENDS SALON WILLIAM ERMOY, ENVISON OPTIQUE AND OTHER TOP RETAILERS.ASKING $46NNN. TENANT OCCUPIED - PLEASE DO NOT DISTURB TENANT. CONTACT BROKER FOR VIEWING.
Space Available 1,350 SFRental Rate Yr $46 /SF/YrSpaces 1Building Size 1,350 SFProperty Sub-type Free Standing BldgStatus Active
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This Miami Land Mark is a great opportunity to make your business stand out. With award winning design this breath taking building is one of a kind in Miami. Most Offices have views of Biscayne Bay and or Downtown Miami skyline. We offer a full service building, with 24 hour security cleaning service, Brokers welcome Entire floor available water views!!!!First floor ground space available on Biscayne blvd could be retail or office . Best office in the whole area. Perfect for a bank !!!!1 parking Space per 500 SF is included!
Space Available 743 - 4,824 SFRental Rate Yr $26 - 40 /SF/YrSpaces 7Building Size 63,150 SFProperty Sub-type Office BuildingStatus Active
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Final rent + terms, along with all offers, are subject to approval of Walgreen Co.' s Real Estate Committee- Suggested Rent*: $425,000/yr. + sales tax * (inclusive of RET; R&M, insurance, utilities separate)- Minimum Term: 10 years; maximum term 8/31/35- Delivery: As-Is - Cooperating Broker: 2% (initial 10 years)- Offers Evaluated as Received Property Overview- Year Built: 2010- Master Lease Expiration: 8/31/35- Acreage: 1.53- Square Footage: 17,152 SF (First Floor 12,610 SF / Mezzanine 4,542 SF)- Parking: 82 Spaces- Access Points (shared): 2 adjacent on Galloway Rd / 3 on Bird Road- Signage: Building + double panels on Bird & Galloway pylons - Zoning: BRCUAD, Miami-Dade County- Lease Restrictions Include: Office related retail, copy services, gym, restaurant, offices, supermarket, bank, automotive & non-retail
Space Available 4,542 - 12,610 SFRental Rate Yr NegotiableSpaces 2Building Size 17,152 SFProperty Sub-type Free Standing BldgStatus Active
33-37 Lisbon St are 2 joined commercial buildings For Lease in the heart of Lewiston's downtown. Seller will finance, brokers are protected.Both buildings have a 2000 SF ground-floor retail space with additional apartment units upstairs.Retail spaces could also be used as offices.Upgrades include a brand new facade for both buildings, many ground-floor interior updates.Both buildings are located on Lisbon Street in Lewiston's most active downtown section.The buildings are neighbored by Fuel, Sidecar, Bear Bones Beer, & Orchid, the most prominent restaurants in Lewiston.Other neighbors include Androscoggin Bank, Mother India, Keybank, Chopsticks, Argo Marketing Group.
3 separate spaces for lease ranging from 1,500 SF to 5,800 SF. Building has an elevator. close to Raritan Center and easy access to major highways.One owner is a licensed real estate broker in NJEasy access from NJ tpk, Rt 1, 287.
A New York landlord is learning the hard way that you shouldn’t mix business with pleasure after his former business partner and girlfriend filed a lawsuit against him seeking $500,000 for breaches of contract and restitution.
The suit, raised by Douglas Elliman agent Vesna Todorov out of Palm Beach, alleges that her ex-lover Michael Speiser kept her on the hook for years as he promised to leave his wife for her and used her to make real estate deals in South Florida.
Speiser and Todorov met in New York around May 2010, according to the suit, filed earlier this week in New York Supreme Court. The landlord and interior designer quickly hit it off and began dating, despite Spieser being married with children.
The two even began living together full-time in a Palm Beach apartment, while Speiser continually delayed his promises to divorce his wife. Todorov, who was not working at the time, became restless and wanted to start earning her own income, according to the suit.
Speiser proposed they begin investing in real estate together: Todorov would earn her Realtor’s license and identify properties for them to invest in, and Speiser would fund the transactions.
As part of the agreement, she was to get a commission from the purchase as well as a piece of whatever the property sold for when they flipped it, according to the suit, first reported by the New York Daily News.
With Tadorov as his broker, Speiser bought a $1.775 million unit at 350 South Ocean Boulevard in Palm Beach and a flashy $3.7 million unit at the Ritz-Carlton Residences in Miami.
The suit alleges that Speiser later pocketed part of Tadorov’s $37,800 commission for the Palm Beach unit and told her she wouldn’t get anything when the Ritz-Carlton unit was eventually sold.
On top of that, Speiser picked up a new broker girlfriend when Todorov left for a few weeks in 2014. He kicked her out of his properties and refused to return all of her belongings, the suit alleges.
Mary Jo Eaton has accepted a new position at CBRE, meaning the largest commercial real estate brokerage in Florida needs a new leader.
CBRE named Eaton president of Florida and Latin America operations in September 2015. She was previously executive managing director for CBRE in Florida.
Eaton is now listed on CBRE’s website as global president of asset services, with over 2.9 billion square feet of commercial property, and valuation and advisory services, with nearly 150,000 valuation assignments annually around the world.
CBRE spokesman Daniel Jimenez said Eaton will continue to lead Florida while the brokerage seeks a new president. CBRE announced the promotion in a corporate release in June.
On the Business Journal’ s list of top Commercial Real Estate Brokerages in South Florida, CBRE ranked No. 1 with $4.65 billion in sales and leases in 2014. It also ranked No. 1 on the Commercial Property Management Firms list with 18.2 million square feet under management in 2015.
CBRE has 18 offices and four affiliate offices in Florida, Latin America and the Caribbean.
A short-lived partnership between Miami real estate broker and investor Emile Farah and Aventura businessman Amram Adar ended on a sour note when Farah sued Adar over a $17 million land sale in North Miami Beach.
Farah, who runs USA Lending and Realty, claims in the Miami-Dade Circuit Court lawsuit that the 18-acre land deal was part of a joint venture he and Adar formed in 2013 to acquire and flip properties. In the Sept. 24 complaint, Farah and his attorney Robert Stok state that Adar promised the broker a 10-percent equity stake and a 3-percent commission fee in these deals. Stok said Farah is owed at least $500,000 for the broker fee and “seven figures” for his equity stake.
Adar and his brother-in-law Jacob Elharar, who is also named in the suit, control the Delaware-registered company Moore 77 LLC that bought the land at 15780 West Dixie Highway. They purchased the acreage from Tampa-based Antigua at NMB Development, according to the suit.
Adar said he is unaware that Farah is suing him and Elharar. He denied the North Miami Beach land was included in his partnership with Farah.
“I never gave him a promise of 10 percent on that property,” Adar said, adding that Elharar owns 100 percent of Moore 77. “I believe Emile is due a referral fee and the buyer, my brother-in-law, offered him $25,000.”
According to Farah and Stok, the partnership between the broker and Adar focused on properties in Brickell and surrounding neighborhoods. Eventually, they branched out as far north as Fort Lauderdale and as far west as Naples. The lawsuit claims the ex-partners had numerous contracts to buy properties together.
Adar, who moonlights as a wedding singer and released an album in 2011, disputes that claim.
“Nothing happened with those deals,” Adar said. “We always tried to do something, but it didn’t work out.”
Farah said Adar took advantage of him by working out of his Brickell office and using his real estate connections. In the case of this deal, Farah claimed that in March, Boynton Beach-based real estate broker Rick Marchetta came by the office, inquiring if Farah had any listings in the neighborhood. Farah said he instantly recognized Marchetta as the broker who represented Antigua, the previous buyer of the 18-acre lot. In 2004, Farah represented a former owner who flipped the land to Marchetta’s client, who paid $6.1 million for the designated brownfield site. The land was previously used by a gas distributor and would require state-mandated environmental remediation before redevelopment can occur.
Marchetta “told me he had it listed and that his client was looking to sell it,” Farah said. “I introduced him to Adar.”
When reached, Marchetta declined comment, citing the pending lawsuit.
Farah said he allowed Adar to handle negotiations, never suspecting he was going to get cut out of the deal.
“He was still working out of my office when they closed,” Farah said. “He kept promising to bring me the check. Then he disappeared.”
A summons was issued to all defendants in the case on Sept. 29, according to court records.
This was one deal the Pac-Man didn’t eat up.A Beverly Hills compound eyed by boxing great Manny Pacquiao before his loss to Floyd Mayweather is back on the market after the fighter pulled out at the eleventh hour.
Pacquiao was in contract to buy the house, at 12055 Summit Circle, last year, when it was priced at $12.5 million, but that deal fell through. Listing broker Elsa Nelson relisted the property last week for the reduced price of $10.75 million. The new price does not include the contents of the house, which had been included in Pacquiao’s deal.
“Unfortunately, it did fall through after all the publicity and all the parties we had for him at the house,” Nelson said. “Two months into escrow, we received a call from his agent that he had decided he didn’t want to buy it. Maybe after losing the fight, he changed his mind. I’m just guessing.”
Pacquiao lost to Mayweather by unanimous decision last May. The Filipino pugilist made at least $120 million from the bout, which was billed “The Fight of the Century” but turned out to be a dull affair.
The 10,000-square-foot Mediterranean-style property, which once belonged to Sean “Diddy” Combs, has seven bedrooms and eight bathrooms and sits inside a guarded, gated community. It has a two-story foyer, a sweeping staircase with a dramatic chandelier, a formal living and dining room, a sports bar and a 20-seat home theater with a high-definition projection system.
Sellers Gail and Roger Dauer lost out on a deal to buy a new home in the area after Pacquiao backed out of buying their property, Nelson said. But they did reportedly get tickets to the big fight, hosted in Las Vegas, after Pacquiao brought his family around to look at the house, according to CBS.
Miami-Dade’s biggest brokerages offer a handful of incentives to bring in and keep agents – including high commission splits, online tools and tailored training.
The Real Deal ranked real estate firms in Miami-Dade County by the number of actively licensed agents and spoke to executives about recruiting strategies, commissions and top sales for the year.
Here are the top five:
Beachfront Realty, a tri-county firm based in Aventura, takes the lead in the number of actively licensed agents. Ed Roberts, owner of Beachfront Realty, said the firm doesn’t charge hiring fees and provides a 90 percent commission. “That’s why we’re so big,” he said. “All of our recruiting is word of mouth.”
As of mid-October, Beachfront agents sold 1,052 properties with a combined $1 billion in sales so far this year, Roberts said. He said the firm’s top sale this year was $8.5 million for a unit at the Continuum South Beach.
“In our case, the larger majority is condo sales, developer sales and single-family home sales,” he said.
Keyes, a family owned and operated company, has 11 offices in Miami-Dade County. The full service firm has an in-house mortgage partner, and title and insurance companies. Statewide, Keyes hires more than 1,000 agents every year, targeting both newly licensed agents and, using corporate recruiters, agents from other firms.
Steve Reibel, vice president of recruiting, said that commission splits between the agent and company vary “pending the level of production that associates bring in.” He said it ranges from 60 percent for associates, to nearly 90 percent.
To date, Keyes has more than $2.9 billion in sales volume this year. The top transaction was the sale of a 37-unit condominium building, Harbor Point, at 5000 North Ocean Drive in Riviera Beach for $15 million.
“At the end of the day, it’s about doing more transactions,” Reibel said.
Florida Realty offers agents 100 percent commission with a $400 fee per transaction, according to the company’s website. “We make a little on a lot of people instead of a lot on a few people,” the website reads.
The Miami-based firm has two offices, one in Hialeah and one in the Kendall area.
Juan Baixeras, owner of Florida Realty, could not be reached for comment.
Coldwell Banker recruits anywhere between 200 and 250 agents a year in Miami-Dade, regional senior vice president Duff Rubin said. Rubin said the company uses a tailored quiz that analyzes the skills of potential agents to see if they’re a good match.
“It gives us a look into their weaknesses,” he said.
Rubin would not disclose the company’s commission split policy but said, “We as a company try to be more of a value-proposition brokerage,” including Coldwell Banker’s tools, management and support. “Commission splits are typically based on production. You’re only as good as your production,” he said.
Each quarter, the firm reaches between $1 billion and $1.5 billion in sales, he said. Rubin would not disclose year-to-date earnings or annual earnings.
Coldwell Banker’s most prominent team, The Jills, are involved in a dispute over claims they allegedly altered the MLS to hide listings. Luxe Realtor Kevin Tomlinson allegedly tried to extort Jill Eber and Jill Hertzberg for $800,000, threatening to go public with his claims if they didn’t pay up.
EWM, a Coral Gables-based Berkshire Hathaway affiliate, has eight offices in Miami-Dade.
Ron Shuffield, EWM president, said the firm focuses on full-time hires, both newly licensed and those who have been in the industry. “I think a lot of people don’t realize it’s not a part-time job,” Shuffield said.
“Most people who come to work with us are people who have some kind of connection to the company,” he said. “We’re not doing mass mail-outs.”
Shuffield would not disclose the company’s commission split policy, but said that the tools EWM offers make up for the difference in commission splits.
EWM’s top transaction this year was the $33 million sale of 5800 North Bay Road to Phil Collins. The full service firm is on track to close anywhere from $2.8 billion and $3 billion in sales this year.