Homestead Economic Roundtable in Miami Commercial Real Estate

The Vision Council, ComReal Miami, and Homestead Hospital hosted a Southeast Homestead Developers Forum at the Homestead Hospital Board Room Friday, 26 September. The purpose of the forum was to draw together investors and stakeholders in that area to discuss marketing, access to credit, and timing for the explosive growth taking place in that area of the county.

Of the four million feet of commercial space becoming available in 2009-2010 in the Homestead area, nearly 50% of that space will be in the Park of Commerce and Foreign Trade Zone area, located east of the Turnpike and near Homestead Motorsports Complex. Specifically, Park South and East Gate will bring a combined total of approximately 1.6 million feet of commercial space into the marketplace beginning early next year. This phased-growth complents the upcoming expansion of NWD Exports in the Foreign Trade Zone (FTZ), which is planning to have 22,000 feet available for lease within the FTZ in 2009.

The forum also included a review of the local Economic Indicators provided by Vision Council President, Dennis Daley. This presentation provided area stakeholders with specific facts about economic sector growth and outlook for the area.

Of particular note, manufacturing is very under-represented in the Homestead area, comprising only 2% of area business and employment. With recent increases in median income for the Homestead area, and steady gains in MDC enrollment, it is apparent that Homestead possesses a more skilled workforce than in past history. With the combination of skilled workforce, ample affordable commercial space, and FTZ opportunities - attracting additional manufacturing to the area may be a solid possibility in the upcoming years.

At conclusion of the discussion portion of the forum, stakeholders clearly indicated that a dedicated marketing initiative for this area was needed, as well as continued access to construction capital.
With this support and the efforts taking place at present, this area can clearly be a key economic driver for not only the Homestead area, but south Dade County as well. For more info, please visit www.visioncouncil.com

Edward Redlich
ComReal Miami
eredlich@comreal.com
www.edwardredlich.com
786-433-2379

JAXPORT Tour with SIOR

Stephen Smith, SIOR and I had the opportunity to tour the Port of Jacksonville today during the SIOR Fall Conference. JAXPORT is located in the southeastern United States at the crossroads of the nation's highway and rail transportation network. This makes it ideal for Florida logisitcs and for Florida warehouse space and Florida distribution. JAXPORT consists of three cargo terminals that comprise over 1,100 acres all within Foreign Trade Zone #64. In 2007, JAXPORT had over 8.3M tons (or over 710,000 TEU's). Top import countries are from Canada, Virgin Islands, Colombia, Bahamas and Venezuela. Top export countries are Puerto Rico, Brazil, Russia, Venezuela and Saudia Arabia. I thought it was interesting that the day we were there an entire cargo ship was being loaded with frozen chicken headed to Russia.

You may enjoy this video called "Shift Happens" on globalization and the information age: http://www.youtube.com/watch?v=ljbI-363A2Q

The SIOR annual convention will be held next month in Minneapolis, MN.

For more information on Florida warehouse spaces and Florida SIOR, please visit www.edwardredlich.com

You can find a Jacksonville warehouse broker here: www.jacksonville-warehouses.com

Thank you.

Edward Redlich, SIOR, CCIM
786-433-2379
eredlich@comreal.com

CCIM Miami commercial real estate Meeting October 3rd

The Florida CCIM Miami Commercial Real Estate District will hold a meeting on Friday, October 3^rd at the Coral Gables Woman’s Club for all members and non-members. This is a great opportunity to network and showcase your company’s product and/or service to over 50 Miami commercial real estate professionals. Our guest speaker will be Ken Rosen who will be speaking on his new book and 30 years in commercial real estate in Miami.

For more information on CCIM Miami, please visit www.ccimmiami.com.

Thank you very much.

Edward J. Redlich, SIOR, CCIM | Vice President
ComReal Miami Commercial Real Estate Services
www.edwardredlich.com
786-433-2379
eredlich@comreal.com

Innovative Stone Locates 103,000 Sq. Ft. Hialeah Warehouse

ComReal Miami’s Industrial Team comprised of Edward Redlich and Christopher Spear, successfully located a Hialeah warehouse for Innovative Stone. The space consists of 103,000 sq. ft. and is part of the old Winn-Dixie warehouse distribution center. The property is located at 725 S.E. 9^th Court in the Hialeah warehouse area.

Innovative Stone warehouse distribution centers across the United States and can now add South Florida to their list thanks to the efforts from Ed Redlich and Chris Spear of ComReal Miami.

Innovative Stone contacted ComReal in June 2008 to seek their assistance in locating a Miami warehouse space in South Florida. ComReal prepared an extensive site selection which included a variety of warehouses from Miami to Pompano Beach. After viewing dozens of Miami-Dade and Broward County warehouse spaces, Innovative Stone chose the Hialeah property because of its unique layout, which provided the exact logistical layout which Innovative Stone was seeking.

Innovative Stone is one of the leading global suppliers of natural stone serving the commercial and residential sectors with operations in New York, Brazil, China, India and Italy. Innovative Stone’s impressive client roster includes major business headquarters like the new Time Warner Center and Bloomberg building in New York; prominent retailers such as Bloomingdale’s, Macy’s, Neiman Marcus, Nordstrom and Tiffany’s; and hotels such as Harrah’s Casinos.

Innovative Stone dominates the natural stone industry because of its focus on delivering innovation in both materials and technology, the breadth of its client portfolio, its reputation for exacting detail and its unparalleled performance in handling the most challenging and high-profile assignments.

For more information on ComReal Miami commercial real estate, please visit www.edwardredlich.com. For additional details on this transaction, please contact:

Edward Redlich, SIOR, CCIM at 786-433-2379, eredlich@comreal.com

Christopher Spear, Associate 786-433-2099, cspear@comreal.com

Edward Redlich Obtains Designation by The Society of Industrial and Office Realtors (SIOR)

MIAMI, FL – August 19, 2008 – Edward J. Redlich, SIOR, CCIM, Vice-President of ComReal Miami, is now one of only twenty commercial real estate professionals here in Miami to have obtained the coveted SIOR designation. At the age of only 35, he is the youngest SIOR in Miami and one of the few professionals worldwide that now possess the SIOR-CCIM dual designation. These are the highest designations that exist in the commercial real estate industry.

His fellow ComReal associate, Stephen H. Smith, SIOR, is a long time member of the prestigious group and one of its past Florida Chapter Presidents. “These affiliations provide us with the capability to serve our clients' commercial real estate needs on both national and international levels,” states Redlich.

Ed Redlich has been with ComReal for nearly 15 years and is now its Vice-President of the Industrial Division. His corporate clients include Goodyear Tire, Burger King, Enterprise Rent-A-Car, and General Electric, to name a few. Current industrial projects include the 180,000 sq. ft. Airport International Center and the 196,000 sq. ft. Eastgate Business Park. Eastgate is a new warehouse development project in The Homestead Park of Commerce in which Redlich is both an equity partner and co-developer with Smith. Redlich recently made the Miami commercial real estate news with his representation of Costex Corporation in its $21,000,000 purchase of a 17-acres site on the Palmetto Expressway. Costex will construct its new 300,000 sq. ft. Miami-headquarters and distribution facility on the former Farm Stores HQ site.

For more information on ComReal Miami commercial real estate, please visit www.edwardredlich.com. For additional details on this transaction, please call Edward Redlich, SIOR, CCIM at 786-433-2379, eredlich@comreal.com.

The Society of Industrial and Office Realtors is the leading professional organization in the world for office and industrial real estate specialists. With more than 3,200 members in 562 cities in 22 countries, SIOR represents today’s most knowledgeable, experienced, and successful commercial real estate brokers. Last year SIOR members reported an average per person dollar volume of more than US $33.5 million worth of property leased or sold. Cumulative dollar volume for all SIOR members was $85.6 billion of property leased or sold. As a group, SIOR Members closed 82,747 transactions in 2006 involving more than 239 million square feet of industrial and office space.

SIOR has certified more than 2,500 of its members with the prestigious SIOR designation, a professional symbol of the highest level of knowledge, production, and ethics in the real estate industry. Real estate professionals who have earned the SIOR designation are recognized by corporate real estate executives, commercial real estate brokers, agents, lenders, and other real estate professionals as the most capable and experienced brokerage practitioners in any market.

Since 1979, The ComReal Companies have been a leader in commercial real estate, specializing in asset management, leasing, property management, investment services, and tenant/ buyer representation. ComReal’s team of highly trained and distinguished professionals has earned the company its reputation for serving clients with a comprehensive range of services. The ComReal Companies and its affiliates are also well recognized in the equity side of the commercial real estate industry. Through CR Partners, principals of ComReal are very active in the acquisition, ownership and redevelopment of strategic real estate properties throughout South Florida. ComReal combines its commercial expertise with state of the art systems to find the very best business and economic opportunities for its clients. ComReal’s Miami office is located at 8725 NW 18th Terrace, Suite 105, Doral, FL 33172. ComReal’s Florida operations include offices in Miami, Ft. Lauderdale and Jacksonville. For more information on ComReal, please call 305-591-3044 or visit www.comreal.com.