Real Estate Investment
Globe Newswire | October 12, 2023
SRS Real Estate Partners today announced an expansion of its industrial services to Miami with the addition of a veteran three-person team. Wayne Schuchts will lead SRS’ industrial practice in Florida and is joined by Andrew Lehrer and Michael Palmer. The team will focus on representing owners, tenants, and investors of industrial property throughout Florida.
“The addition of this team and the creation of a Miami office will be a game changer in Florida for SRS,” said Chris Maguire, SRS Chairman and CEO. “We have been looking for the right opportunity to enhance our capabilities in Orlando, Tampa and Fort Lauderdale, and adding this seasoned industrial team will make a significant impact in the state.”
This is the second industrial team to join SRS in the last month. In early September the company announced a significant expansion that included new team members in Atlanta and Southern California.
“Wayne, Andrew and Michael are a fantastic addition to our industrial team,” said Brant Landry, SRS Industrial Managing Principal. “They have an extensive track record throughout Florida providing exceptional services for their clients, and they give SRS a strong presence in the state. Wayne and I worked together at the Staubach Company previously and I’m looking forward to teaming up with him again.”
Schuchts, previously a partner at Avison Young, joins SRS as Managing Principal and brings more than three decades of commercial real estate experience. Specializing in industrial property transactions for institutional investors and corporate users, he has negotiated more than $5 billion and 12 million square feet of transactions, including 60-plus transactions involving properties greater than 100,000 square feet.
“The opportunity to partner with Brant again as well as Chris Maguire and the rest of the SRS team to lead the industrial practice in Florida is the perfect fit,” said Schuchts. “The culture, client-first mindset and high-level professionals at SRS provide the ideal platform to serve best-in-class clients.”
Lehrer joins SRS as a Vice President with the industrial team. He was previously with Flagler Global Logistics, the largest industrial developer in Florida. With almost 20 years of commercial real estate experience, Lehrer has been involved in more than $2 billion in transactions and has handled 11 million square feet of institutional product for landlords. His experience includes build-to-suits, master-planned business park leasing, third-party logistics, sale-leasebacks, manufacturing facilities, and cold storage properties. He focuses on tenant and landlord representation, as well as advising developers in South Florida.
Palmer also joins SRS as a Vice President in industrial. He previously worked with Schuchts at Avison Young. Palmer has seven years of commercial real estate experience, specializing in industrial property transactions on behalf of institutional investors, family offices and corporate occupiers. He earned his SIOR designation and CCIM designation in 2018.
SRS Industrial was formed in April 2022 when Managing Principal Brant Landry and a team of industrial specialists joined SRS to help the firm expand on its retail foundation and offer more extensive commercial real estate solutions to tenants, owners and investors.
The SRS Industrial team works directly with retailers, distributors and manufacturing companies to support their evolving needs for industrial space, while also serving more traditional industrial clients through tenant and owner services, capital markets, and development services. The team has logged more than 1,000 transactions totaling $92.8 billion in transaction value.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with more than 28 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust.
Real Estate Investment
PR Newswire | October 05, 2023
Shopoff Realty Investments ("Shopoff"), a national manager of opportunistic and value-add real estate investments, announced today that the company has successfully sold its 141-unit Moss Street Townhome project to Shea Homes.
"This townhome development will be a wonderful addition to this evolving neighborhood of Chula Vista that will also soon be home to the $1 billion Chula Vista Bayfront Redevelopment Project, located less than one mile away," explained Shopoff Realty Investments President and CEO William Shopoff.
The 6.94-acre property is located in Chula Vista, California, at the intersection of Moss Street and Industrial Blvd. Formerly approved for light industrial uses, Shopoff worked diligently with the City of Chula Vista to secure project entitlements. The entitlements allow the property to be developed into a gated housing community featuring 141 three-story attached townhomes.
"Future residents will be able to enjoy the area's robust amenities for years to come, and we are proud to see this property move forward towards development, bringing some much-needed housing to the area," Shopoff added.
About Shopoff Realty Investments
Shopoff Realty Investments is an Irvine, California-based real estate firm with a 31-year history of value-add and opportunistic investing across the United States. The company primarily focuses on proactively generating appreciation through the repositioning of commercial income-producing properties, the entitlement of land assets and development projects. The 31-year history includes operating as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group). Performance has varied in this time frame, with certain offerings generating losses.
Real Estate Investment
Newmark | September 26, 2023
Newmark Group, Inc. a leading commercial real estate adviser and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the launch of NewliticQuest. Bringing together Newmark's expertise in real estate, technology and consulting onto a single platform, NewliticQuest offers accelerated insights to develop strategic and tactical recommendations, inform business case development and achieve optimal results for property portfolios. Together with Newlitic, Newmark's proprietary data visualization platform, NewliticQuest is another addition to Newmark's growing suite of technology solutions serving corporate real estate leaders.
Leveraging NewliticQuest, organizations are better equipped to plan for and respond to business change, disruptive events, mergers and acquisitions and real estate opportunities through strategic insights, including location and market rate optimization, ideal vacancy rates, talent retention, commute times and more.
"Newmark is committed to investing in leading-edge technology that drives real decision-making dynamics to define the future of the workplace," said Rick Bertasi, Chief Executive Officer of Newmark Global Corporate Services. "Given the changing nature of corporate real estate, technology advancements will further amplify the value and potential of an organization's real estate strategy as companies pivot towards more data-centric cultures.
NewliticQuest offers several self-serve capabilities and insights into business and real estate performance with dynamic and simple dashboards, which can be accessed directly by clients. The software's automated data validation capabilities help users quickly pinpoint data issues to ensure that information is accurate before being executed. Coupled with Newmark's best-in-class consulting expertise, the tool can enable in-depth portfolio assessment, delivering tailored and tangible solutions for clients assessing their portfolio.
Newmark Group, Inc., together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of June 30, 2023, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with over 7,400 professionals around the world.