ComReal welcomes Patricia Quintana to the Team!

Patricia possesses over thirty years of real estate experience. Licensed since 1983, she has concluded over 537 commercial real estate lease and sale transactions totaling over $43 Million Dollars. Her past experience includes positions such as Director of Leasing, overseeing 3.2million square feet, 350 tenants comprising of industrial, office and flex properties.

Experienced in Landlord and Tenant Representation, and was designated a (CCIM) Certified Commercial Investment Member in 2003. She is fluent in Spanish, originally from Colombia and speaks some Portuguese.

Contact Patricia Quintana, CCIM: 

pquintana@comreal.com
305-815-3376 

ComReal Miami has new office in Coral Gables!

November 2015 - ComReal Miami-Coral Gables is pleased to announce its acquisition of 51 Merrick Way in the City of Coral Gables. Principals Stephen H. Smith, SIOR, John Lonardo, CCIM and Ed Redlich, SIOR, CCIM purchased the street level office/retail property on October 1, 2015 as CASTANHA XII, LLC. Purchase price was $690,000 (or $415 per sq. ft.).

51 Merrick Way is an office / retail component of 55 Merrick Way a mixed use project strategically located in the Coral Gables' Central Business District. 51 Merrick offers direct access to the renowned business areas of Coral Gables, including 5 million+ Sq. Ft. of commercial office space and 1.5 million Sq. Ft. of retail space, plus a list of new construction and planned development projects "coming soon". The location is within one block of the newly approved construction "Streetscape Projects" on The Miracle Mile and Giralda Avenue. 

"For nearly forty years, ComReal has played a significant role in the commercial real estate industry in South Florida." states Steve Smith, President of The ComReal Companies. "This new operation in Coral Gables will be of greater convenience to service our clientele seeking office, retail and/or investment properties. In addition, several highly-experienced Realtors have recently joined ComReal due to our growth and expansion strategies. 

Today's commercial real estate professionals are operating in "real time". As such, their office facility, tools and technologies must all support both their clients and their personal livelihoods." In introducing ComReal | Miami - Coral Gables, LLC, ComReal is also introducing a new business philosophy by bringing on board selected, seasoned professionals with equity participation in the individual companies as well as equity participation in specific real estate investment ventures such as the acquisition of 51 Merrick.

We are delighted that John Lonardo is participating in the new concepts and has assumed a leadership role in ComReal | Miami - Coral Gables".

ComReal Miami Industrial Real Estate Market Report First Quarter 2015

The new year has started very strong for the Miami industrial real estate market. The average lease rates have already increased to $8.53 per sq. ft. and the average vacancy rate fell to 5.2%. The net absorption for the 1st quarter was an astounding 1.4M square feet. The largest lease so far this year was Synergy Custom Fixtures lease of the 301,000 sq. ft. warehouse at 215 SE 10th Avenue in Hialeah. This property was formerly occupied by Lagassee Sweet and Banah Sugar. There have been three lease transactions over 100,000 sq. ft. so far this year. In 2014, there was only a total of three. The average Miami warehouse user does not typically occupy larger space. READ MORE>>>

ComReal Miami's 1Q 2014 Newsletter

Lease rates, sales prices and absorption have all increased since 2013 in the industrial real estate market. Read ComReal Miami's 1Q 2014 full report for more details!

ComReal Miami's 2013 Year-End Newsletter

The year 2013 was about concrete evidence. Over 2,300,000 sq. ft. of warehouse space was delivered to the market in comparison to 2012 where only 538,000 sq. ft. was delivered. In addition, there is 1,600,000 sq. ft. now under construction. Although new space was added to our 229M sq. ft. of total inventory, the vacancy rate still declined to 6.3%. Positive absorption of 2,700,000 sq. ft. outpaced the newly constructed deliveries. These are all indicators of a very healthy market.

Click here to read the full report!