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:

• 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.

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.

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Acquisition of NAI Global by C-III Capital Partners is complete

Boyd Bradfield, Jr.
President, NAI Southcoast

NAI Global, the largest network of independent commercial real estate firms worldwide, announced today that its previously reported acquisition by C-III Capital Partners LLC (C-III) has been completed. The transaction will help create a leading fully integrated commercial property services company that will operate in markets around the world. Locally-based NAI Southcoast represents NAI Global in Martin, St. Lucie and Indian River counties.

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

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.

Associate Stuart Duffin awarded CCIM designation

Stuart Duffin, CCIM

NAI Southcoast's Stuart Duffin was awarded the Certified Commercial Investment Member (CCIM) designation by the CCIM Institute, one of the leading commercial real estate associations in the world. Each designation was awarded on October 12^th after examinations held in Phoenix, AZ.  Duffin earned the designation by passing the Institute’s Comprehensive Examination, the final element in the designation process.

The CCIM designation is awarded to commercial real estate professionals upon successful completion of a graduate-level education curriculum and presentation of a portfolio of qualifying industry experience. The curriculum addresses: financial analysis, market analysis, user decision analysis and investment analysis – the cornerstones of commercial investment real estate. CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis.

Duffin has worked as an associate for NAI Southcoast since 2008 and specializes in commercial sales and leasing.  To contact him, call 772-286-6292 or email sduffin@naisouthcoast.com.

For more information on NAI Southcoast, go to www.naisouthcoast.com.

Martin County closes on River Cove parcel on Indian River

Comerica Bank sold its 4.7 acre “River Cove” Parcel to Martin County for $900,000. The parcel contains 3.3 acres of upland plus 1.4 acres of submerged land. Comerica and its Broker, Boyd G. Bradfield, Jr., President of NAI Southcoast, were under a great deal of pressure from three buyers who wanted the property for restaurant use. However, Comerica’s Vice President, John Regan, flew in from Detroit to visit the site and envisioned the property being purchased for public use. He resisted the advances from all three buyers and stayed the course with the process necessary to deal with the County. The purchase had a great deal of public support including the Florida Oceanographic Society, Environmental Studies Center, the Treasured Land Foundation and many members of the community. Martin County Commissioners could also see the vision and voted to purchase the property for residents and visitors to enjoy.