Wednesday, December 9, 2009

Ed Redlich of ComReal Miami On The Biz Radio, Thursday December 10th at 5:00 PM

Date: Thursday, December 10th
Time: 5:00 PM
Radio Station: 880 AM “The BIZ”

James Fried, host of the “Fried on Business” Radio Show, speaks with special guest Edward Redlich from ComReal Miami Inc. You are invited to join them and listen as they discuss trends and deals in Miami’s Industrial Real Estate market.

Visit .

ComReal Miami, Inc.
8725 NW 18th Terrace, Suite 105
Miami, FL 33172
O 305-591-3044 F 305-591-9704

"For Over 30 Years, ComReal is Commercial Real Estate"

Monday, November 16, 2009

CIASF program: Saving Green by Retrofitting Green on

Thursday night, November 12, Becker & Poliakoff, hosted a very informative program on “Greening” existing buildings to the members and guests of CIASF. (Commercial and Industrial Association of South Florida.) It is no accident that the offices of Becker & Poliakoff are in the elegant Alhambra Towers which is an energy star rated building for 2009. The message conveyed by Alan Krinzman, LEED-AP and host of the event, that the business of creating more energy efficient and healthy building environments needs to begin now and that energy efficiency and LEED principles are not a fad, but a necessity that we all need to embrace.

Paul Cohen of CBRE was the moderator of a panel the included Scott Alexander of ProLogis that shared the success ProLogis has in California and Oregon in leasing roof space to the utilities for solar panels. He did share that this arrangement would not work well here for several reasons one minor one being the frequency of hurricanes. Two knowledgeable representatives from FPL attended and shared some very good information on taking advantage of their rebates and other initiatives some of which can be viewed at:

Hamad Rodriquez, the principal of Hamed Rodriguez Architects Inc. and Co-Owner of Energy Cost Solutions Group, LLC holds the esteemed honor of designing the first LEED Gold building in Dade County. His message was clear. Since LEED is a rating system, there are several points already built into our code and it is not difficult to make some conscientious and simple changes to achieve LEED certification and make a significant difference in the energy and water use of a building while creating a healthy environment for occupants. He also brought up that EA (Energy and Atmosphere) Credit One is just a portion of LEED, yet can still reduce energy costs and help the environment. You can download your own checklist from his web-site to see how close your building might be to earning LEED certification.

For more information of Miami’s office space market, please feel free to contact me at anytime at 786-433-2376.

Louise Bendix
ComReal Miami, Inc.

Thursday, November 5, 2009

Green Building Impact Report 2009

This second annual report, researched and written by Rob Watson, the "Founding Father of LEED," explores the impacts that LEED-certified buildings have already had on energy, water, waste and employee productivity -- and projects those impacts for the next 20 years.

According to report author Rob Watson, floor area registered and certified by the U.S. Green Building Council's LEED green building rating system in 2009 is estimated to grow by over 40% compared to last year's totals, for a cumulative total of over 7 billion square feet worldwide since the standard was launched in 2000.
Louise Bendix,LEED-APOffice Specialist
ComReal Miami, Inc. Commercial Real Estate Services
T 786-433-2376 F 305-591-9704 O 305-591-3044 X115

Sunday, November 1, 2009

Miami Industrial Market Report 3Q 2009

Due to recent negative press, it is especially important in this particular quarterly report to distinguish the industrial market from Miami's overall commercial real estate market (i.e. office, retail, multi-family, etc.) Financing remains a challenge for all commercial properties and businesses. Miami has about 245M square feet of total warehouse space. The vacancy rate rose slightly to 10% and lease rates fell slightly to $7.65 per square foot gross. By comparison, both of these stats happen to be about equal to the national averages. These figures are not all that bad considering we are in a national recession; things could be worse. However, in an effort to retain and attract prospective tenants, the more aggressive landlords further reduced their lease rates, offered free monthly rents and tenant improvement allowances.

Although the past three quarters have been very poor, there were three positive signs this 3rd quarter. First, overall activity and closed deals have significantly increased. ComReal reports 15 transactions all over 25,000 sq. ft. Secondly, there is only about 200,000 sq. ft. of warehouse space under construction right now which will improve absorption. Thirdly, national and local exports are on the rise partly due to the lower dollar value and higher standards of living across the globe. More exporting means more warehouse space in Miami. These three facts may give indication that Miami's industrial market has the potential to rebound faster than all other commercial property types.

For more information, please feel free to contact us anytime. We look forward to the opportunity to discuss your plans for 2010 and beyond.

ComReal's New Listings on the Market!

The Palmetto Warehouse located at 1401 NW 78th Avenue in Doral. The total size is 82,500 sq. ft. with 15,000 sq. ft. office space. The features include: dock level loading; fully sprinklered; all-concrete construction; heavy electrical power; proximity to Miami International Airport; and frontage on the Palmetto Expressway. For lease for $7.00 psf gross with purchase option. Visit
Miami Cooler Warehouse located at 6901 NW 41st Street in Miami. The total size is 15,000 sq. ft. with 1,800 sq. ft. office space. The features include: dock and street-level loading; fully sprinklered; all-concrete construction; heavy electrical power; proximity to Miami International Airport and major expressways. This property is ideal for food, beverage and flower distribution. For sale for $1,800,000 (or $118 psf).
Florida City Warehouse located at 30 NW 12 Street in Florida City near Homestead. The total size is 20,687 sq. ft. with 2,000 sq. ft. office space. The features include: dock and street-level loading; fully sprinklered; all-concrete construction; heavy electrical power; and more. For sale for $2,200,000 (or $ 106 psf).

Warehouse Buildings Sold by ComReal in 3rd Quarter

CRE Events of the 3rd Quarter

There were no major industrial real estate events this quarter due to the summer season. However, ComReal will be reporting on the following events in our year end report.

November 4th

Air and Sea Cargo of the Americas 2009

Miami, Florida, USA

October 29th

The SIOR World Conference

Toronto, Canada

October 16th

CCIM Success Series 2009

Honolulu, Oahu, Hawaii

ComReal News!!!

ComReal radio ad - just released! Be one of the first to hear it and be guided to a new website for There you will find more information the ComReal Miami warehouse market. This ad will air regularly on 880 AM The Biz Radio during The Neal Asbury Show every Friday from 5 to 6 PM. Checkout the website on his show at which discusses the topics of international trade, manufacturing, import/exporting, and more. Click here to Listen >>>

Michael Weihl leads The ComReal Companies Business Division with the launch of his new website at If you are interested in acquiring or disposing of an existing business opportunity, please consider contacting Mr. Weihl for a confidential consultation at 786-433-2503 or email at

Service Providers of the Quarter:

Sources: CoStar, CIASF, SIOR, CCIM, Beacon Council and The ComReal Companies

ComReal Miami, Inc.
8725 NW 18th Terrace, Suite 105
Miami, FL 33172
O 305-591-3044 F 305-591-9704
"For Over 30 Years, ComReal is Commercial Real Estate"

Monday, October 26, 2009

Dealmaking Today and The New Normal

“The future ain't what it used to be.”

Yogi Berra

Business owners expecting to ride out the current economic storm until things return to normal are beginning to listen to that little voice in the back of their head telling them, this is it, this is the New Normal.

So what does this mean to the deal making community?

In my world of midmarket mergers and acquisitions (ComReal’s typical deal structure is between $2 and $50 million) it means the smart money is stepping off the sidelines and into the game. They realize waiting to move until the market hits the bottom is a suckers bet.

"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. "

Warren Buffett

Companies staring at zero or slightly negative organic growth are seeking acquisition strategies as a means to keep the revenues rising. Many also see an opportunity to pick up some competitors on the cheap who are faltering under market conditions. Because financing is so tight, only the well capitalized companies are pursuing this strategy, which actually increases the chances for making the deals work. All banks say they are lending, but per the New Normal, only to safe bets like a well capitalized company. It is times like these that good companies seize opportunities and become masters of their market.

On the flip side sellers who have positioned themselves to withstand the economic turmoil are in the catbird seat. In addition to the aforementioned strategic buyers, private equity groups are sitting on funds for buyouts. In their world it is use it or lose it and many are running out of time before they have to start handing money back to investors. So they are buying, albeit cautiously. And of course the weak dollar still manages to attract foreign investment.

There is a fundamental misunderstanding about declining valuations. Because most deals are structured as a multiple of net or gross revenue and because the market overall market has seen a reduction in this revenue, deals overall are reflecting lower price points. But the multiples themselves have remained relatively stable and in some cases have risen among those companies that have proven to be recession resistant. If you’ve worked hard to put yourself in this position strike while the iron’s hot to capitalize on it.

Of course another reality of the New Normal is that to truly attain maximum results requires the steady guidance of an experienced professional advisor. You can be sure the other side is using them. If you find yourself seeking a business or commercial real estate transfer strategy please call ComReal for a no obligation consultation.

Michael Weihl

Business Intermediary

ComReal Miami Inc.

Wednesday, October 21, 2009

CBS Interactive leases 34,622 sqft in LEED certified building!

As a strong proponent of LEED certification in Commercial Buildings, I am happy to share that CBS Interactive has signed a long-term office lease for 34,622 sqft of office space in the 1401 Crown Center building in Fort Lauderdale as reported to-day in the Daily Business Review.

The broker quotes 3 major components to CBS's decision to relocate to Crown Center: minimal employee disruption during the move, more efficiency with the space, and a LEED certified building.

In the Cypress Creek market area vacancy is quoted in CoStar at 15.1% in Class-B buildings with an overall net absorption of -120,869.00 just in the Cypress Creek sub-market.

Lynn-Ann Ierna, the director of Property Management for Midgard Properties, can attest to the cost savings the Crown Center property has experienced as a direct result of pursuing LEED-EBOM (Existing Building Operations and Maintenance) on other Crown Center buildings. Now Midgard has bragging rights for having a fully leased LEED-NC (New Construction, Major Renovation) project on their campus in a very challenging market.

Louise Bendix, LEED-APOffice Specialist
ComReal Miami, Inc. Commercial Real Estate Services
T 786-433-2376 F 305-591-9704

Thursday, October 15, 2009

LEED and Commercial Buildings- Measuring up

The statistics to support change in the way develop building projects are compelling but the “do-good” rationality is not strong enough to bring forth a meaningful change in behavior.

What developers and building owners need are solid facts on ROI. How much will it cost to build green and what is the pay-off?
click here for more

It is looking like the meaningful pay-off is not only going to be in direct energy savings or in operating expenses but the real motivation is going to be in retaining higher lease rates and higher occupancy rates.

In a market with shrinking absorption rates and falling rents not just building green but retrofitting green looks like a win-win strategy to retain value and retain tenants.

A study by CoStar Group and University of San Diego found that green buildings outperform non-green peers across several categories, including occupancy, sale price and rental rates, sometimes by wide margins.

If you would like a copy of the power-point please contact me directly at:

Louise Bendix, LEED-APOffice Specialist ComReal Miami, Inc.
Commercial Real Estate Services
T 786-433-2376 F 305-591-9704 O 305-591-3044 X115 l

Wednesday, October 7, 2009

ComReal Miami and BBU Bank co-host CIASF luncheon

ComReal Miami and BBU Bank co-hosted CIASF's 2009 First Annual Retail Market Report this afternoon at 9500 Doral Blvd. in Doral. Steve Smith, president of ComReal and owner of the 9500 building, completed a remarkable renovation in 6 months and signed BBU Bank as the anchor tenant.
The 120 attendees enjoyed a delicious lunch, a round of "haves and wants", and a presentation on the 2009 Retail Report by David Dabby, JD, MAI, a well know real estate analyst. Following his presentation was a panel discussion by Steven Gretenstein, Chief Operating Officer, Dacra,and Mindy McIlroy, Executive Vice President, Terranova Corporation.
The bottom line for brokers representing retail tenants? If you have tenants bring them to the table to make a deal. Old rules do not necessarily apply today. Retail is driven by consumer spending and it seems as if consumer spending will take a while to recover.
Pictured: Rafael Saldana, President and CEO of BBU Bank
Gail Ackerman, President of Paradigm Interiors and CIASF representative
Steve Smith, President of ComReal Miami and owner/ landlord of 9500 Doral Blvd.
Louise Bendix, LEED-AP and Office Specialist
ComReal Miami, Inc.

Monday, October 5, 2009

CCIM STDBonline Course in Miami

On September 29th 2009 CCIM Miami had the first STDBonline training course since the new and improved features were launched. The course was limited to 30 spaces and was lead by Jay R. Lucas, CCIM the current President and CEO of STDB Inc. which operates the Site to Do Business. STDBonline is the most comprehensive online resource available to commercial real estate professionals today.

The participants were able to familiarize themselves with all the new features of Site Analysis 3.0 with an emphasis on thematic maps, user points, map annotation tools and business lists.

Webinars are conducted weekly on various features within Site Analysis 3.0. To register, visit

For more information visit us at:

Wednesday, September 30, 2009

Is LEED the way for Miami office?

Today it was announced that the law firm Bilzin Sumberg Baena Price & Axelrod will be vacating 80,000 sq. ft. of office space at the once iconic Wachovia office tower for the yet to be completed 1450 Brickell office tower at the end of 2010. To put that in perspective, this transaction will increase the vacancy at the 1,225,000 sq ft Wachovia Financial Center to 24% from a more respectable 17% advertised on CoStar today.

What does this mean for all of the existing office space in downtown Miami? Are tenants shopping for newer more efficient buildings? Are tenants shopping for “deals” where they are pitting the current landlord against developers who just hope to get most of their operating expenses covered by these new lease deals? In the case of the new deal at 1450 Brickell, has the developer made huge concessions just to get a coveted tenant to give the building some credibility? In any case there is certainly going to be a lot of activity in the office market in downtown and surrounding markets during the next few years while tenants are shuffled around. It is becoming increasingly apparent that Real Estate professionals, landlords, and tenants are all going to have to work very hard in this environment to preserve value, keep occupancy rates high, and be aware of market conditions especially LEED certification for buildings and LEED accreditation for individuals.

There is approximately 3 million square feet of new office space coming on line when Met II, 1450 Brickell, and Brickell Financial Center come on line. There is not any evidence that economic growth alone will bring nearly enough new tenants to South Florida to absorb all that space. The 3 buildings are boasting a LEED certification for Core and Shell meaning all 3 buildings are registered with the USGBC and are being audited to receive some level of certification. LEED certified buildings are buildings that are constructed for the long term health of the community and the occupants.

Developers at one time thought tenants would be willing to pay more for all of these benefits. There is no clear evidence in the Miami market that tenants are willing to pay more for LEED but I can see the occupancy of LEED certified buildings increasing while existing non LEED buildings will lag in occupancy rates. The answer is for existing building owners to take initiative and get their buildings at the very least energy star rated with possible upgrades to HVAC, lighting, and reflective roof material. A step further would be to get their buildings LEED-EBOM certified for existing buildings, operation and maintenance. This will give them the edge to keep current tenants, operate more efficiently, and ultimately help turn the tide on doing the “right” thing for their bottom line and their communities.

Tuesday, September 8, 2009

ABMC Loans: Miami Commercial Real Estate Mortgage Broker

If you like to do business the old fashioned way with a personal touch from competent professionals, please consider contacting ABMC American Bankers Mortgage Corp. Based in Coral Gables on Almeria Avenue, Eric Garcia and Manny Ojeda specialize in financing Miami commercial real estate properties for owner-users and SBA loans. Call them now at 305-448-6446 or visit their website at to learn more about Miami commercial real estate mortgage brokers.

Saturday, September 5, 2009

BIS Commercial Real Estate Property Inspections

As Miami commercial real estate professionals, we always suggest that you complete a full inspection before you purchase and/or lease the property. Over the years our customers have always had great experiences with BIS Building Inspection Services. Personally, I have used them many times to assist with the inspections on warehouses in Miami.

Please visit their website at or phone them at 1-800-939-3915.

Tuesday, September 1, 2009


STDBonline is arguably the most comprehensive suite of online resources available to commercial real estate professionals. Are you using it to its fullest potential? Let Jay Lucas, CCIM, President and CEO of STDB Inc. demonstrate the fundamentals you need to know in order to take advantage of this phenomenal CCIM Institute member benefit.

Reload your arsenal of the STDBonline tools, know how to recognize what is happening in your market, spot trends, analyze areas and apply it to commercial real estate The hands-on participation format will be a showcase of what the client wants and how the site provides answers, information for decision making, functionality, a case study of a property to presentfeatures of STDBonline, with emphasis on:

 Thematic maps
 User points
 Business lists

Tuesday, September 29, 2009

Nova Southeastern University
8585 SW 124th Avenue, Computer Lab #210
Miami, Fl 33183Phone: (305) 274-1021
Registration: 8:00am
Seminar: 8:30am to 11:30am /12:30pm to 3:30pm
Miami-Dade-Monroe FloridaDistrict Members: $75.00
Non-members: $125.00

"Only 30 Total Seats Available!"

Ed L. Boen, CCIM


To Learn more about STDBonline view a video at :

Friday, August 28, 2009

Edward Redlich's NEW website

Dear Friends & Neighbors,

I am pleased to inform you about the launch of my new website for Miami commercial real estate now at As you know, I’ve specialized in the Miami industrial warehouse business with The ComReal Companies for over 15 years.

Please let me know if you or someone you know needs assistance. Rest assured, you will receive my Team’s best, personal efforts. Thank you very much. -Edward Redlich

Monday, August 10, 2009

Opa Locka Warehouse Sold to Venezuelan Manufacturer

Ed Redlich
and Chris Spear of ComReal Miami announce the sale and purchase transaction of a 24,000 sq. ft. warehouse. The free-standing warehouse is located at 2400 NW 150th Street in the Opa Locka, Hialeah area. The sales price was $1,100,000 or $46 psf. The Seller was 2400 Holdings; the Buyer was Eight Investment Corp. The Buyer is in the auto parts manufacturing business and is originally from Venezuela. The Seller was in the boat manufacturing industry similar to other warehouses in Hialeah. The property includes heavy electric, sprinkler system and extra storage yard.

ComReal Miami continues to serve more international companies. Just recently we have assisted companies from Spain, Hong Kong, Peru, Colombia, Venezuela, Brazil, Argentina and more, all looking for warehouse space here in Miami. It is very interesting to learn the reason why each business makes a decision to grow and expand here.

For more information on this transaction and other Opa Locka warehouses and Miami warehouse contact Edward Redlich at 786-433-2379 or visit

Thank you.

Thursday, August 6, 2009

CIASF Video of America’s Anti-Trade Policies and it's impact on Miami Industrial Real Estate Market

Please enjoy watching this video from the CIASF luncheon with Neal Asbury. Sponsored by ComReal Miami and Edward Redlich. Please read Mr. Redlich's introduction here:

For more info on Miami's industrial real estate market, please contact Edward Redlich at 786-433-2379 or

Flagler Station Hosts CIASF (Miami, FL) from Flagler ( on Vimeo.

Thursday, July 30, 2009

Distributor seeks to 50,000 to 75,000 sq. ft. Warehouse in Miami or Broward

Distributor is Seeking the following...

Warehouse for Lease and/or Purchase
Facility size: 50,000 to 75,000 sq. ft.
Office/Showroom: +/- 5,000 sq. ft.
Location: Miami-Dade or Broward County
Loading: Dock height
Class: Class A or B
Use: Distribution/Warehouse
Ceilings: 22’ +
Closing: 4Q 2009 or 1Q 2010
Other: Extra yard space is a bonus!

Please Note: If your Property is already listed on the market with a co-operating broker, please disregard this email as we are already aware.

Edward J. Redlich, SIOR, CCIM Vice President
8725 NW 18th Terrace, Suite 105 Miami, FL 33172
T 786-433-2379 F 305-591-9704 O 305-591-3044 X112

Wednesday, July 22, 2009

SIOR Florida Chapter Website

Dear Brokers,

The SIOR Florida Chapter introduces….

One of the goals for the Chapter this year was to have a fully functional and interactive website. Thanks to the folks at ComReal Miami, Steve Smith, SIOR , Ed Redlich, SIOR and a very special thanks to Carolina Kowalski, ComReal’s Director of Marketing and IT for making this happen.

Some of the features include:

Online Chapter Dues payment via PayPal

Sponsorship Page with links to their respective website

University Grant Information…check out the letters from this years recipents.

Chapter News.

This is a huge accomplishment for the Chapter and it would not be possible had it not been for the generosity and commitment by Steve, Ed and Carolina at ComReal Miami. Please make sure you reach out and thank them for there dedication to the Chapter…

Jeff Graham, SIOR

SIOR Florida Chapter President

Sunday, July 19, 2009

Doral warehouse space leased to ACS

ComReal Miami's industrial team assisted Absolute Computer Solution (ACS) with its Doral warehouse space leased at 8939 NW 23rd Street. The Doral warehouse space is 9,940 sq. ft. and is located in Americas' Gateway Park in Doral, Florida. In the 1980's ComReal developed the 136-acre Americas’ Gateway Park which is now over 2,000,000 square feet of commercial, industrial and office buildings. ComReal is still headquartered there today amongst their old customer’s Doral warehouses.

Absolute Computer Solutions sought to relocate from their warehouse space in South Miami to a space where they could better serve their customers. Chris Spear and Ed Redlich were able to assist them in securing a long term lease and achieved a lease rate about 35% less than the asking rate just a short period ago. For more information on ACS, visit

For more information please contact Christopher Spear or Edward Redlich at 305-591-3044 or

Friday, July 10, 2009

CIASF: America’s Anti-Trade Policies

CIASF Luncheon Event

Topic: “America’s Anti-Trade Policies”

Sponsor: The ComReal Companies in Miami

Date: July 10th , 2009

Location: Flagler Station Business Park in Medley, FL

Good afternoon everyone! My name is Edward Redlich and I’m with The ComReal Companies of Miami. This year, The ComReal Companies celebrate its 30th year in South Florida’s commercial real estate market. ComReal continues to be a proud sponsor of this organization. Although we have invested in a few minutes to speak today about our company, I’d much rather allot my time to introduce a gentleman who is going to educate us on a much more important topic. The topic is “America’s anti-trade policies”. Mr. Neal Asbury is both an excellent communicator on the subject and a true visionary. Personally, I believe that he just might be the “Missing Link” between those of us in the commercial real estate profession and the customers that we serve.

Before I give you the background on Mr. Asbury, allow me just a moment to tell you why ComReal and I support the Miami CIASF organization. We do it to promote the commercial real estate industry and for the knowledge. Today, our South Florida industrial real estate market has experienced three quarters of extremely low deal volume. Rental rates and sales prices have fallen between 20% and 40%; or even more. Vacancy is over 10%. We fear the negative trend may continue. However, our industry can flourish once again with the right stimulus. In my opinion, one solution is for America to aggressively promote the liberalization of international free trade. As international trade increases, so does the activity for industrial real estate properties. Perhaps there is no other area of the country where international trade is more important to the CRE industry than right here in South Florida.

Now, let me tell you how I came across Mr. Asbury. Not only am I a deal junkie, but I’m also a news junkie. I discovered Mr. Asbury over a year ago while surfing the internet I came across his blog at

I was instantly impressed by the over 100 articles that he has published on global trade issues. He has also been quoted in newspapers such New York Times and the Wall Street Journal. Mr. Asbury has addressed the United Nations, various universities and numerous trade associations; such as ours today. In addition, he hosts The Neal Asbury Show from Coral Gables which airs live on Fridays from 5 to 6 PM on the radio at 880 AM. The station is affiliated with Bloomberg Radio and CNBC. In just a few hours from now, he will be interviewing US Ambassador John Negroponte. So be sure to tune in this afternoon and you may also grab his flyers on the front desk to learn more.

Not only is Mr. Asbury an expert commentator on the subjects of international trade and manufacturing, but he actually operates his own companies: Legacy Brands and Greenfield World Trade which manufacturers, sells and services American-made products to over 130 countries worldwide. So, when you hear him speak in a moment, please understand that he is not a politician, but a true American entrepreneur.

Before Greenfield World Trade he had founded Asbury WorldWide in 1987 which became the largest American export management company in its segment with twelve distribution centers around the globe. In 1989, he began FAB Asia in the Philippines which was the Asian exclusive fabricator of commercial kitchens for McDonalds and other restaurant chains. For all of his efforts, he has earned several industry awards. He is chairman of the South Florida District Export Council, appointed to serve by the U.S. Secretary of Commerce. He is a member of the International Advisory Committee to the Governor of Florida and a member of the prestigious International Policy Committee of the U.S. Chamber of Commerce in Washington.

Now, when my father got me into this business 15 years ago, he always told me, “Ed, when you want to get something done, give it to someone who is busy”. Neal, I do not where you find the time to get all of these things done, but we sure do appreciate your taking the time from your busy schedule to address our group. Thank you very much. Please welcome Neal Asbury….

Ed Redlich and Neal Asbury

Contact: Edward Redlich of ComReal Miami. 786-433-2379 or visit

Wednesday, July 8, 2009

ComReal welcomes Louise Bendix to our team of Commercial Real Estate Professionals

ComReal is pleased to announce that Louise Bendix has joined ComReal Miami, Inc.
Louise was previously with Suchman Real Estate Co. representing tenants and buyers of commercial properties. She comes to ComReal to focus on the office sector with a focus from Coral Gables south to the Kendall area.

Ms Bendix expertise includes the LEED-AP accreditation through the USGBC and brings expertise to property owners and tenants that are interested in energy conservation, water conservation, waste management and other factors that are important for LEED certification of properties.

Prior to Real Estate Ms Bendix held marketing and sales positions in the furniture industry and has an undergraduate degree in Management Science from Duke University

Monday, July 6, 2009

Doral warehouse building for lease

Now available! 105,000 sq. ft. Doral warehouse building for lease. Class A, business park setting, full sprinklered, heavy power and more. For details, please visit and other info on Doral warehouses.

Ed Redlich
ComReal Companies

ComReal Miami Industrial Report 2Q 2009

ComReal's Mid-Year Report shows that there are major leasing and purchasing opportunities that continue to abound. Expect great deals to be available throughout 2009. So there is no need to rush into something unless the right property presents itself at the right price for your business. The Average Lease Rate has fallen to $7.81 per square foot on a gross basis and the Average Vacancy Rate has risen to 9.4%. In addition, the Beacon Council reports that the Unemployment Rate jumped to 11.5%. The declines in local industries such as retail, construction and international trade have all contributed to the lower demand for warehouse space. ComReal has reported that only in the past 30 days has transaction volume actually started to increase as users just now begin to take advantage of the lower lease rates and purchase prices. There were no large lease transactions in the 1st Quarter, however the 2nd Quarter saw the following deals get done:

·MarJam Supplies 65,000 sq. ft.
·American Fine Foods 64,065 sq. ft.
·Marco Destin 50,000 sq. ft.
·Universal Tire 39,463 sq. ft.
·Air Marine 38,923 sq. ft.
·WK International 35,455 sq. ft.
·Riverdale Farms 32,090 sq. ft.
·Limonada Xpress 16,000 sq. ft.
·Pet's Area Code 13,400 sq. ft.
·Blue Trading 10,667 sq. ft.
·Absolute Computer Solutions 10,000 sq. ft.

New to the Market!

Beacon at 97th Avenue Business Park in Doral now has a 105,000 sq. ft. (divisible) warehouse space available for lease. Beacon 97 consists of several Class A warehouse buildings all within a highly-secured business park.

The 7000 Building of 127,000 sq. ft. has been completely renovated. This single-user building is now listed on the market for both lease and sale. It is one of the few buildings of its large size that is available for purchase. The property is rail-served by FEC Rail and is adjacent to the Miami Int'l. Airport.

CRE Events of the 2nd Quarter

April 26th. CCIM Miami hosted Pedro Garcia, Miami-Dade County Property Appraiser. Mr. Garcia has recently announced that assessments declined by 13%. However, the County and local municipalities have indicated increases in the millage rates, meaning property owners will likely not see a reduction in property taxes this year. Expect to receive your notice just after August 24th. [Read more...]

May 31st. The ComReal Companies celebrated its 30th year in the commercial real estate industry!!! [Read more...]

July 10th. ComReal sponsored the CIASF luncheon with Guest Speaker, Neal Asbury. The topic was "America's Anti-Trade Policies" in which Mr. Asbury delivered a lively lecture on the correlation between Miami's international trade and the industrial real estate industry. Mr. Asbury spoke from much of his own experience running his manufacturing and logistics businesses. He also hosts his own radio show on 880 AM ( and is an expert writer ( [Read more...]

Sources: CoStar, CIASF, SIOR, CCIM, Beacon Council and ComReal

Friday, July 3, 2009

Letter to the NAR Opposing H.R. 2454

July 3, 2009

ATTN: National Association of Realtors
c/o Mr. Austin Perez
via email

Dear Mr. Perez,

As a Realtor, I appreciate all of the NAR's efforts in advocating the real estate industry. I'm actually involved in several Realtor organizations including RCA, SIOR and CCIM. I write you today in regards to the American Clean Energy and Security Act, H.R. 2454, that was passed by the House of Representatives on June 26th. The National Association of Realtors has made some positive changes to this bill especially from the residential perspective. Please keep up the good work. However, if this legislation is passed into law, it would be absolutely disastrous to the commercial real estate industry.

For the past 15 years, I have specialized in Miami's industrial real estate market. My customers are in manufacturing, trucking, distribution, international importing & exporting, etc. Many are struggling as it is right now and some work only four of five days a week to keep operating expenses down. This Act would increase energy expenses to the extreme extent of disabling these industries indefinitely. If their business suffers, the commercial real estate market suffers. The lower the demand for warehouse space, the worse it will be for us commercial Realtors.

In President Obama's own words "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket." In my opinion, our collective industries cannot bear the burden of these increased transportation, fuel and electrical costs in addition to the new taxes from this Act. The higher energy costs and regulations will make Americans less competitive in the global market and jobs will be lost, not gained.

I encourage the NAR to oppose HR 2454 and any other legislation that imposes higher taxation and costs onto American industries. Let's work to promote the liberalization of energy policies which includes lower taxation and energy costs.

Thank you very much for your consideration.

Edward J. Redlich, SIOR, CCIM Vice President
ComReal Miami, Inc. Commercial Real Estate Services
8725 NW 18th Terrace, Suite 105 Miami, FL 33172

Sunday, June 28, 2009

ComReal Miami and CIASF Luncheon: "Neal Asbury on America's Anti-Trade Policies" on July 10th, Friday

"More trading + manufacturing = more commercial properties! South Florida’s commercial real estate market is truly connected to both the economic and political decisions made around the globe. The trade policies of the United States of America likely have a greater impact on South Florida than anywhere else in the country. If you and/or your customers are involved in international trade such as importing and exporting then you do not want to miss this event. Learn of the threats and opportunities that we must all be aware of concerning the “Gateway to the Americas” and beyond.” ~ Edward Redlich, ComReal Miami.

ComReal Miami is a proud sponsor of the CIASF luncheon on Friday, July 10th. For more information on our guest speaker, Mr. Neal Asbury, please visit or

We all look forward to seeing you there.Thank you very much.

P.S. News update! The U.S. House of Reps just passed HR 2454 “The Energy Bill”. I’m sure this topic will be brought up as it is of great concern to all of us; especially for those in the manufacturing and transportation industries.

This July 10th ComReal Miami is sponsoring the CIASF event on Anti-American trade policies and how they are hurting YOUR Business. More trade = more commercial properties! South Florida’s commercial real estate market is truly connected to both the economic and political decisions made around the globe. The trade policies of the United States of America likely have a greater impact on South Florida than anywhere else in the country. If you or your customers are involved in international trade such as importing and exporting then you do not want to miss this event. Learn of the threats and opportunities that we must all be aware of concerning the “Gateway to the Americas” and beyond.

Friday, July 10th at 11:15 am
Hosted by FLAGLER
at Flagler Station Building #9
9701 NW 112th Avenue
Miami, Florida 33178

$35.00 for Members, $45.00 for non-memebrs, $55.00 for Late Rsvp’s (late Rsvp’s are those that do not Rsvp by Wednesday July 8, 2009)
or faxing: 305-445-9431

Wednesday, June 24, 2009

ComReal Miami is a proud sponsor of the July 10th CIASF event AMERICAS

This July 10th ComReal Miami is sponsoring the CIASF event on Anti-American trade policies and how they are hurting YOUR Business. More trade = more commercial properties! South Florida’s commercial real estate market is truly connected to both the economic and political decisions made around the globe. The trade policies of the United States of America likely have a greater impact on South Florida than anywhere else in the country. If you or your customers are involved in international trade such as importing and exporting then you do not want to miss this event. Learn of the threats and opportunities that we must all be aware of concerning the “Gateway to the Americas” and beyond.

Friday, July 10th at 11:15 am
Hosted by FLAGLER
at Flagler Station Building #9
9701 NW 112th Avenue
Miami, Florida 33178

$35.00 for Members, $45.00 for non-memebrs, $55.00 for Late Rsvp’s (late Rsvp’s are those that do not Rsvp by Wednesday July 8, 2009)
or faxing: 305-445-9431

Marjam Supply in Miami Leases 65,518 sq. ft. Warehouse

MarJam Supply Company leased a 65,518 sq. ft. Miami warehouse building at 475 NE 185 Street. For more information on Miami's warehouse market please contact Edward Redlich at ComReal Companies. 786-433-2379.

Monday, June 1, 2009

Miami Property Tax Assessments Reduced

Pedro Garcia, Miami-Dade County's Property Appraiser, announced today that property taxes have fallen 12.1% for the year 2009. Expect your notice in the month of August. Hopefully, this will mean that our property taxes are reduced as well on all Miami commercial real estate properties.

A 17,000 sq. ft. warehouse building I sold recently had a property tax bill of about $38,000 (or about $2.24 per square foot). Its fairly difficult for a company to pay these heavy burdens in addition to all the other taxes on commercial businesses.

Mr. Garcia was our guest speaker at CCIM Miami's April luncheon. We look forward to having him back in 2010.

Sunday, May 31, 2009

ComReal Companies Celebrate 30 Years in the Commercial Real Estate Industry

ComReal Miami celebrates its Thirty Years Anniversary. We look forward to continuing to serve all of you in 2009 and beyond.

Thank you !!!

On May 31st, 2009, The ComReal Companies celebrate its 30th Anniversary.
Over the years, ComReal has played an integral role in the commercial development of South Florida.

In 1979, the Stephen H. Smith Company was founded. The name was later changed to ComR
eal. Mr. Smith, Founder and President, was considered a pioneer for locating the office in Miami’s Airport West market. He helped develop Americas’ Gateway Park, an 136-acres business park which was one of the first of its kind in South Florida. Today, the ComReal Team continues to lead the commercial real estate profession.

“ComReal has been a great fit for me.” states Ed Redlich, Vice-President. “For all of m
y 15 years in this career, ComReal has encouraged me to grow, develop and learn. Everyone adapts the tools & technology and then specializes in a certain product to become an expert. We also each get involved and take a leadership role in professional organizations.” Redlich is a second generation associate. His father, Ronald, was also an industrial specialist with ComReal and helped mentor his son into the business. Redlich currently has the leasing assignment for a 240,000 sq. ft. warehouse development within Homestead Park of Commerce and for over 500,000 sq. ft. of warehouse space for The Faith Family. This include Beacon at 97th ; a Class A business park in Doral.

For more information, please visit or call 305-591-3044 or email

“For Over 30 Years, ComReal is Commercial Real Estate”