NAI Southcoast, a commercial and industrial real estate firm based in Stuart, announced today the addition of a Fort Pierce brokerage to its network. The new office is located at 800 Virginia Ave., Suite 38A.
Headquartered in Stuart, NAI Southcoast provides a full spectrum of services available to regional, national and international clients via our global network of independent commercial real estate brokerage companies. These include dispositions, leasing, management and receiver work for Industrial, Office, Retail, Investment and Land properties. The firm also represents Tenants and Owners and currently manages nearly 730,000 SF of commercial property.
NAI Southcoast President Boyd Bradfield said the expansion into Fort Pierce is part of the company’s ongoing commitment to enhance client services.
“The addition of the Fort Pierce office aligns with our strategy to continue to grow our full-service platform, which includes asset and property management for assignments all along the Treasure Coast,” he said.
NAI Southcoast is also seeking one or two experienced commercial brokers to assist in covering St. Lucie and Indian River Counties. Interested candidates should submit resumes to scoast@naisouthcoast.com.
Wednesday, October 10, 2012
Wednesday, August 8, 2012
NAI Global’s Chief Economist sees unprecedented global government intervention in his latest white paper
In his latest white paper, “Unprecedented Global Government Intervention,” NAI Global Chief Economist, Dr. Peter Linneman, discusses the dangers and pitfalls of the extraordinary wave of global government intervention we are currently witnessing in capital markets.
Stuart-based NAI Southcoast represents NAI Global in Martin, St. Lucie and Indian River counties.
Citing historical examples, Linneman demonstrates that intervention leads to prolonged periods of stagnation and uncertainty; “In all, government activity is now deterring the very investment it was hoping to spur.”
“As we enter the third quarter of 2012, we are seeing the pattern of unprecedented government intervention continue,” states Dr. Linneman. “Governments around the world are using the powerful tools at their disposal; spending, regulations, fiscal policy, and taxes to interfere with the free market in hope of sparking economic recovery. The result is that instead of recovery, we are experiencing further distress as the Euro crisis intensifies and even Brazil and China’s economies slow.”
On the U.S. economy, Dr. Linneman notes, “the irony is that the belief in big government is occurring even as trust in the U.S. government (and most other governments) is near an all-time low.” He adds,
“Huge deficit spending causes private spending to decline as the private sector realizes that it has a greater future tax liability of equal magnitude. We have witnessed this in the U.S., almost dollar-for-dollar in deficit spending.”
The white paper also addresses the historical cause and effects of regulatory intervention, unemployment statistics, and the upcoming Fiscal Cliff set to unfold in January 2013.
Unprecedented Global Government Intervention follows Global Economic Round-Up where Dr. Linneman evaluated the state of the global economy in Europe, Asia and the United States, including the impact of the continuing European debt crisis, the rise of China and India and the current state of the U.S. economic recovery. The paper is available for free download at www.naisouthcoast.com.
Stuart-based NAI Southcoast represents NAI Global in Martin, St. Lucie and Indian River counties.
Citing historical examples, Linneman demonstrates that intervention leads to prolonged periods of stagnation and uncertainty; “In all, government activity is now deterring the very investment it was hoping to spur.”
“As we enter the third quarter of 2012, we are seeing the pattern of unprecedented government intervention continue,” states Dr. Linneman. “Governments around the world are using the powerful tools at their disposal; spending, regulations, fiscal policy, and taxes to interfere with the free market in hope of sparking economic recovery. The result is that instead of recovery, we are experiencing further distress as the Euro crisis intensifies and even Brazil and China’s economies slow.”
On the U.S. economy, Dr. Linneman notes, “the irony is that the belief in big government is occurring even as trust in the U.S. government (and most other governments) is near an all-time low.” He adds,
“Huge deficit spending causes private spending to decline as the private sector realizes that it has a greater future tax liability of equal magnitude. We have witnessed this in the U.S., almost dollar-for-dollar in deficit spending.”
The white paper also addresses the historical cause and effects of regulatory intervention, unemployment statistics, and the upcoming Fiscal Cliff set to unfold in January 2013.
Unprecedented Global Government Intervention follows Global Economic Round-Up where Dr. Linneman evaluated the state of the global economy in Europe, Asia and the United States, including the impact of the continuing European debt crisis, the rise of China and India and the current state of the U.S. economic recovery. The paper is available for free download at www.naisouthcoast.com.
Wednesday, May 23, 2012
Stuart Duffin of NAI Southcoast awarded CLS designation
 |
| Duffin |
Stuart Duffin, a sales associate with NAI
Southcoast, was officially recognized by the International Council of Shopping
Centers (ICSC) as a Certified Leasing Specialist on May 18.
The designation reflects the high standards
and expertise that are required on a day-to-day basis to be a successful
shopping center professional.
Founded in 1994, the CLS program was designed
to elevate professional standards, enhance individual performance and designate
those who demonstrate knowledge essential to the practices of shopping center
leasing. The CLS certification is designed to set the individual apart from
other professionals and establishes them as a leader in their field. CLS
designees must have at least four years of experience in shopping center
leasing and pass a comprehensive exam.
The CLS designation is in addition to the Certified
Commercial Investment Member (CCIM) designation Duffin has previously been
awarded.
Tuesday, May 22, 2012
14,200 SF Office/Warehouse Space Sold in Stuart
NAI Southcoast sold a 14,200-square-foot
freestanding building located at 2951 Dominica Terrace in Stuart May 11, 2012. The
property, located off U.S. 1 in Stuart’s industrial area, was sold by WGTJ,
Inc. to Quorum Marine & Electronics, Inc. for $675,000.
Boyd Bradfield and Stuart Duffin of NAI
Southcoast brokered the sale after navigating an extensive short sale process
that involved negotiating with two lenders Bank Atlantic and SBA. Daniel Haggerty
of Mariner Title was instrumental in his work to complete the sale.
“It was a long process but everyone was very
professional in working towards the common goal of getting this closed,” Duffin
said.
Quorum Marine & Electronics, Inc. also
known as Ocean Breeze, is a 20-year-old, Stuart-based business that
manufactures marine-grade industrial and commercial A/C systems. Co-owner Carolyn
Baruch said the company plans to buy new equipment and expand its staff in the
near future.
Friday, April 13, 2012
Freestanding building sold in Palm City
The 3,998-square-foot freestanding building located at 995 SW Martin Downs Boulevard in Palm City sold earlier this month. The property, located just west of the Palm City Bridge, was sold by Shaher Barghouthy. Douglas Legler of NAI Southcoast brokered the sale after an extensive seven-month marketing campaign.
“The new owners plan to substantially renovate this property in accordance with the goals of the CRA and the community,” Legler said. “This will, in turn, improve the appearance of this highly-trafficked gateway into Palm City.”
“The new owners plan to substantially renovate this property in accordance with the goals of the CRA and the community,” Legler said. “This will, in turn, improve the appearance of this highly-trafficked gateway into Palm City.”
Tuesday, April 3, 2012
Virginia Avenue Plaza in Fort Pierce sold to local buyer
Virginia Avenue Plaza, located at 800 Virginia Avenue in Fort Pierce, has sold. The 53,000- square-foot neighborhood shopping center, previously owned by H & H, LLC, was sold to Virginia Plaza, LLC.
The property was listed for just three months before being placed under contract and closed within 45 days. Nikolaus M. Schroth of NAI Southcoast represented the seller and Bryan Grunbaum, also of NAI Southcoast, represented the buyer in the transaction.
The new owners have been locally involved in commercial properties for more than 30 years. NAI Southcoast, who has managed, leased and brokered commercial properties on the Treasure Coast for more than 30 years, will handle the management and leasing for the shopping center.
Spaces are available for lease. Please contact Bryan Grunbaum at 772-286-6292 for additional information.
The property was listed for just three months before being placed under contract and closed within 45 days. Nikolaus M. Schroth of NAI Southcoast represented the seller and Bryan Grunbaum, also of NAI Southcoast, represented the buyer in the transaction.
The new owners have been locally involved in commercial properties for more than 30 years. NAI Southcoast, who has managed, leased and brokered commercial properties on the Treasure Coast for more than 30 years, will handle the management and leasing for the shopping center.
Spaces are available for lease. Please contact Bryan Grunbaum at 772-286-6292 for additional information.
Thursday, March 29, 2012
VM Ironworks and Structural Steel Corp purchases warehouse space in Palm City
VM Ironworks and Structural Steel Corp. in
Palm City recently purchased the 4,784-square-foot warehouse space located at
2170 SW Poma Drive in Palm City, Fla. First Citizens Bank/Ironstone Bank/Neuse,
Inc. sold the property for $175,000. Boyd Bradfield, President of NAI Southcoast,
brokered the sale.
The company manufactures structural steel and
miscellaneous ironwork, such as beams, columns, bar joists, decks, gates,
railings and staircases.
Vice President Darren Marzella said he plans
to use the space as a fabrication plant.
Centerline Utilities, Inc. purchases warehouse space in Palm City
Centerline Utilities, Inc., a site contractor based in Jupiter, recently purchased the 4,784-square-foot warehouse space located at 2180 SW Poma Drive in Palm City, Fla. First Citizens Bank/Ironstone Bank/Neuse, Inc. sold the property for $315,000. Boyd Bradfield, President of NAI Southcoast, brokered the sale.
Centerline Vice President Freddy Chesney said he plans to relocate corporate headquarters from Jupiter to the Palm City space to stay ahead of the market.
“Our business is site development, and we see it pushing north in the next five to 10 years,” he said.
Centerline Vice President Freddy Chesney said he plans to relocate corporate headquarters from Jupiter to the Palm City space to stay ahead of the market.
“Our business is site development, and we see it pushing north in the next five to 10 years,” he said.
Tuesday, March 20, 2012
Kissimmee-based coffee company to open second location in Downtown Stuart
 |
| Civitas Place |
Tim
Majors, President of Quokka Coffee, is an Australian and a former attorney.
Majors launched a successful retail educational business across Australia and
then sold it to a private equity firm in 2007.
“Stuart
is the perfect fit for our brand,” Majors said. “It’s a great town, and our
concept, we hope, will only add value to the community. We look forward to being
an active and valued member of the business community.”
For
more information about Quokka Coffee, go to www.quokkacoffee.com.
NAI Southcoast is the
oldest Commercial and Industrial Realtor in the Stuart and Treasure Coast
marketplace. As such, it is uniquely qualified to maximize the marketing of
quality commercial, industrial and investment properties.
For more information about NAI Southcoast,
please visit www.naisouthcoast.com.
NAI Global is the
world's leading managed network of 5,000 professionals, 325 offices in 55
countries. Since 1978, our clients have built their businesses on the power of
our expanding network. NAI Global’s extensive services include multi-site
acquisitions and dispositions, sublease, tenant representation, lease
administration and audit, investment services, due diligence and related
consulting and advisory services. To
learn more, visit www.naiglobal.com.
Tuesday, February 21, 2012
NAI Southcoast Professionals Attend 2012 NAI Global Convention
NAI Southcoast President Boyd Bradfield, Jr., Marketing Director Samantha Lee and Social Media Manager Amy Morris attended the 2012 NAI Global Convention in Las Vegas in early February.
The three-day event included keynote speakers Jeffrey M. Finn, President and CEO of NAI Global, and Andrew L. Farkas, CEO of C-III Capital Partners, LLC. C-III recently added NAI Global to its portfolio of real estate service providers.
The speakers talked about NAI Global‟s unique position to become the premier company in the real estate industry by combining C-III‟s formidable asset base and resources, proven track record and vast expertise with NAI Global‟s broad reach, depth of market knowledge, customer-centric service and business savvy.
Bradfield attended breakout sessions that focused on the long-term goals and the near-term opportunities for NAI Southcoast, as well as the direction of the global economy. Though the South Florida commercial real estate market saw signs of stabilization in 2011, it appears that it may take another five to seven years to fully recover as a result of loans coming due and the lack of replacement capital available.
“The convention provided a snapshot of how different offices, including ours, strengthened during this tumultuous economic period,” Bradfield said. “It also provided the opportunity to build relationships designed to secure new business and deliver superior service to our clients.”
Lee and Morris participated in in-depth marketing sessions that covered PR, layout and design, mobile and video marketing, blogs, QR codes, social media campaigns and more.
“This „Marketing Boot Camp‟ introduced us to new strategies and technologies that will help us be more creative and efficient,” Lee said. “We‟re already putting this knowledge to work on behalf of our clients.”
NAI Southcoast (www.naisouthcoast.com) represents NAI Global in Martin, St. Lucie and Indian River counties. It’s the oldest Commercial and Industrial Realtor in the Stuart and Treasure Coast marketplace. As such, it is uniquely qualified to maximize the marketing of quality commercial, industrial and investment properties.
Services include:
NAI Global (www.naiglobal.com) is the largest network of independent commercial real estate firms worldwide, comprised of over 5,000 professionals in 55 countries with more than 350 offices. NAI advisors work in tandem with our global management team to ensure our clients strategically optimize their real estate assets. NAI offices complete over $45 billion in combined transactions annually and manage 300+ million square feet of commercial space.
C-III is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management., who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). Its principal place of business is located in Irving, TX, and it has additional offices in New York, New York; Greenville, South Carolina; McLean, Virginia; Chicago, Illinois; Dallas, Texas and Nashville, Tennessee.
The three-day event included keynote speakers Jeffrey M. Finn, President and CEO of NAI Global, and Andrew L. Farkas, CEO of C-III Capital Partners, LLC. C-III recently added NAI Global to its portfolio of real estate service providers.
The speakers talked about NAI Global‟s unique position to become the premier company in the real estate industry by combining C-III‟s formidable asset base and resources, proven track record and vast expertise with NAI Global‟s broad reach, depth of market knowledge, customer-centric service and business savvy.
Bradfield attended breakout sessions that focused on the long-term goals and the near-term opportunities for NAI Southcoast, as well as the direction of the global economy. Though the South Florida commercial real estate market saw signs of stabilization in 2011, it appears that it may take another five to seven years to fully recover as a result of loans coming due and the lack of replacement capital available.
“The convention provided a snapshot of how different offices, including ours, strengthened during this tumultuous economic period,” Bradfield said. “It also provided the opportunity to build relationships designed to secure new business and deliver superior service to our clients.”
Lee and Morris participated in in-depth marketing sessions that covered PR, layout and design, mobile and video marketing, blogs, QR codes, social media campaigns and more.
“This „Marketing Boot Camp‟ introduced us to new strategies and technologies that will help us be more creative and efficient,” Lee said. “We‟re already putting this knowledge to work on behalf of our clients.”
NAI Southcoast (www.naisouthcoast.com) represents NAI Global in Martin, St. Lucie and Indian River counties. It’s the oldest Commercial and Industrial Realtor in the Stuart and Treasure Coast marketplace. As such, it is uniquely qualified to maximize the marketing of quality commercial, industrial and investment properties.
Services include:
- Brokerage
- Corporate Services
- Acquisitions/Dispositions
- Investment Services
- Leasing Agency/Landlord Representation
- Tenant Representation
- Property & Facilities Management
- Market Analytics/Site Selection
- Appraisal/Valuation
NAI Global (www.naiglobal.com) is the largest network of independent commercial real estate firms worldwide, comprised of over 5,000 professionals in 55 countries with more than 350 offices. NAI advisors work in tandem with our global management team to ensure our clients strategically optimize their real estate assets. NAI offices complete over $45 billion in combined transactions annually and manage 300+ million square feet of commercial space.
C-III is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management., who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). Its principal place of business is located in Irving, TX, and it has additional offices in New York, New York; Greenville, South Carolina; McLean, Virginia; Chicago, Illinois; Dallas, Texas and Nashville, Tennessee.
Monday, February 20, 2012
NAI Southcoast Participates in Executive Conference on Real Estate Workouts
Boyd Bradfield, Jr., President of NAI Southcoast,
attended the 2012 Information Management Network's Second Annual Florida Bank
and Financial Institutions Special Asset Executive Conference on Real Estate
Workouts. The event was held January 30-31 at the Westin Golf Resort and Spa in
Hallandale, Fla.
IMN is a New York City-based company that
produces 50 financial and 15 real estate conferences a year. These conferences
provide a forum for industry leaders to discuss critical real estate issues.
Bradfield joined a host of other top-level
executives to discuss topics relevant to the current commercial real estate
market, such as single asset versus portfolio sales, FDIC sales, selling assets
in a bankruptcy setting, selling to foreign buyers, collecting/enforcing
judgments, valuation/loss recognition/write downs and more.
“In regards to the current economy, this
gathering of financial and real estate professionals was very useful,"
Bradfield said. "We exchanged ideas and information that will clearly
benefit NAI Southcoast clients in the coming year."
About NAI Southcoast
NAI Southcoast
(www.naisouthcoast.com) represents
NAI Global in Martin, St. Lucie and Indian River counties.
It’s the oldest Commercial and Industrial Realtor in the Stuart and Treasure
Coast marketplace. As such, it is uniquely qualified to maximize the marketing
of quality commercial, industrial and investment properties.
Monday, February 13, 2012
Tuesday, January 31, 2012
Acquisition of NAI Global by C-III Capital Partners is complete
 |
| Boyd Bradfield, Jr. President, NAI Southcoast |
C-III is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management. C-III is led by CEO Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). Its principal place of business is located in Irving, TX, and it has additional offices in New York, New York; Greenville, South Carolina; McLean, Virginia; Chicago, Illinois; Dallas, Texas and Nashville, Tennessee.
NAI Global will continue to operate as a separate company under its current management. C-III will accelerate NAI Global’s growth by exploring business development opportunities in strategic locations, including New York, London, Singapore and other primary global business centers. It will also invest in the growth of the corporate solutions and capital markets offering, expanding asset/property management, project/facilities management and valuation services worldwide.
“The completion of this transaction represents a significant step forward in our strategy to build a fully diversified commercial real estate services company,” said Mr. Farkas. “With the NAI Global acquisition, we are gaining the world’s leading commercial real estate network and a tremendous foundation for future growth. As we begin a new year, we look forward to partnering with the NAI team to provide enhanced services to the commercial and institutional real estate markets they serve as well as continuing to take advantage of other opportunities to grow and expand our platform.”
“We are thrilled to be joining forces with C-III and excited about the opportunity to deliver an even broader range of services to our members and add greater value to our collective corporate and investment clients. We look forward to tapping into their extensive resources and expertise to assist all of our clients in strategically optimizing their commercial real estate assets,” said Jeffrey M. Finn, President and CEO of NAI Global.
“This partnership with C-III establishes a tremendous foundation for future growth,” Boyd Bradfield, President of NAI Southcoast, said. “We’re excited about the opportunity to deliver greater value and an even broader range of services to our clients.”
Founded in 1977 by Gerald Finn, NAI Global has grown from covering 15 countries in 1999 to offering a full, collaborative platform of services to clients in over 350 offices in 55 countries, with over 300 million square feet of commercial space under management.
C-III commenced operations with the purchase of Centerline Capital Group’s institutional real estate debt fund management and commercial mortgage loan servicing businesses in March 2010. Since that time, C-III has successfully launched mortgage origination, investment sales and title insurance businesses, and expanded its principal investment, loan origination, fund management and primary and special loan servicing businesses, including acquiring the special servicing and CDO management businesses of JER Partners in August 2011.
Financial terms of the NAI Global acquisition were not disclosed.
NAI Global (www.naiglobal.com) is the largest network of independent commercial real estate firms worldwide, comprised of over 5,000 professionals in 55 countries with more than 350 offices. NAI advisors work in tandem with our global management team to ensure our clients strategically optimize their real estate assets. NAI offices complete over $45 billion in combined transactions annually and manage 300+ million square feet of commercial space.
NAI Southcoast (www.naisouthcoast.com) represents NAI Global in Martin, St. Lucie and Indian River counties. It’s the oldest Commercial and Industrial Realtor in the Stuart and Treasure Coast marketplace. As such, it is uniquely qualified to maximize the marketing of quality commercial, industrial and investment properties.
Its services include:
• Brokerage
• Corporate Services
• Acquisitions/Dispositions
• Investment Services
• Leasing Agency/Landlord Representation
• Tenant Representation
• Property & Facilities Management
• Market Analytics/Site Selection
• Appraisal/Valuation
Friday, January 20, 2012
511-Unit Port St. Lucie Storage Facility Changes Hands
|
| Boyd Bradfield, President |
Storage
West, a 65,411-square-foot, 511-unit residential storage facility located at
525 SW South Macedo Blvd., changed hands for $3.1 million earlier this week.
Storage West LLC hired Boyd Bradfield, President of NAI Southcoast, to market
the property. Bradfield implemented an extensive marketing campaign that
resulted in 10 offers—four of which were in the acceptable range.
Of
these four, the Seller chose to deal with an investor from Jacksonville who
owns several storage facilities throughout Florida. The Buyer, Storage West
Group, LLC, plans to keep most of the existing staff, change the hours of
operation and introduce processes that will make the facility even more
competitive.
NAI Southcoast is the
oldest Commercial and Industrial Realtor in the Stuart and Treasure Coast
marketplace. As such, it is uniquely qualified to maximize the marketing of
quality commercial, industrial and investment properties.
For more information about NAI Southcoast,
please visit www.naisouthcoast.com.
NAI Global is the world's
leading managed network of 5,000 professionals, 325 offices in 55 countries.
Since 1978, our clients have built their businesses on the power of our
expanding network. NAI Global’s extensive services include multi-site
acquisitions and dispositions, sublease, tenant representation, lease
administration and audit, investment services, due diligence and related
consulting and advisory services. To
learn more, visit www.naiglobal.com.
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