Macy’s Ownership Announcing 125 stores closing (including Bloomindale’s Locations)

On Tuesday Macy’s announced it would be closing around 125 stores over the next three years. Closing its least productive stores in lower-tier malls and cutting 2,000 corporate jobs to stay afloat in the age of online shopping.

An updated list of store closures starting in 2020 was released on February 5, 2020.

On the list was four Florida locations including Bloomingdale’s (owned by the same company as Macy’s) at the Falls Mall in Miami.

“The store referenced as closing at the Falls is Bloomingdales, not Macy’s. I would expect a closing of the Macy’s store also, but it has not been announced.” Comments Edward Schmidt, Co-Chairman of NAI Miami.

Read the full article.
https://wgntv.com/2020/02/05/first-round-of-macys-store-closures-announced-tmw/

 

NAI Miami Negotiates Purchase of 7-11 in Lehigh Acres, Florida for $3.88 Million

For Immediate Release

Contact:
Edward Schmidt, CCIM
305-938-4000


es******@na******.com











 

MIAMI, FLORIDA – NAI Miami, a member of the world’s premier managed network of commercial real estate firms, announced today Edward Schmidt, CCIM and Armando Bertematti recently negotiated the purchase of a 3,010 square foot retail 7-11 situated on 1.18 acres located at 55 Joel Boulevard in Lehigh Acres, Florida, for their client, 6950, Inc. The seller is Sered Joel, LLC.

About NAI Miami

NAI Miami is a commercial real estate organization with the passion, dedication and expertise to realize maximum potential and generate creative solutions for our clients worldwide. Our collaborative services platform provides an expansive, yet nimble responsive structure enabling us to efficiently deliver superior result. To learn more, visit www.naimiami.com.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing over 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more, visit www.naiglobal.com

Jeremy S. Larkin Appointed to Past Chairman’s Council of NAI Global Members’ Leadership Board

For Immediate Release

Contact: Jackie Larkin
305.938.4000 Ext. 148


ja**********@na******.com











MIAMI, FLORIDA: Jeremy Larkin, Co-Chairman, NAI Miami, has been appointed to the Past Chairman’s Council of the NAI Global Members’ Leadership Board. NAI Global is a leading global commercial real estate brokerage firm.

“We are very pleased to continue to have Jeremy’s experience, guidance and support available to the Leadership Board,” said Jay Olshonsky, President of NAI Global. “The continued success of NAI Miami is a testament to his leadership skill. Our offices are very fortunate and benefit greatly from his experience.”

The NAI Leadership Board provides proactive leadership to increase the profitability, professionalism, technical capability, integrity and standards of practice that reinforce and foster mutual trust and respect throughout the enterprise. It fosters and promotes activities, education and communication that elevate the level of engagement and productivity of Members, Agents and the Organization at-large.

Larkin previously served as Chairman of the Leadership Board and on the NAI Global Leadership Board’s Coordination Council, comprised of executive officers, immediate past chairman, and NAI Global’s executive leaders. This group assures the alignment of strategies, goals and objectives so the organization can perform with the greatest degree of efficiency under a shared vision.

“I enjoyed my time as Chairman of NAI Global’s Leadership Board. It gives me great pleasure to continue to work with my colleagues from around the globe to enhance the depth and breadth of the brand and expand NAI Global’s platform to enable all members to grow their market share and profitability”, Larkin stated.

Larkin is one of the founding principals at NAI Miami which was formed in 1996. He primarily focuses on investment sales, distressed assets and private client services. Jeremy has been the recipient of several prestigious awards including numerous CoStar Power Broker Awards and South Florida Business Journal’s (SFBJ) Heavy Hitter’s Awards, SFBJ’s 2017 Power Leaders in Commercial Real Estate, and the 2013 SFBJ’s Ultimate CEO Award for Miami-Dade County, Florida.

About NAI Miami

NAI Miami is a commercial real estate organization with the passion, dedication and expertise to realize maximum potential and generate creative solutions for our clients worldwide. Our collaborative services platform provides an expansive, yet nimble responsive structure enabling us to efficiently deliver superior result. To learn more, visit www.naimiami.com.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing over 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more, visit www.naiglobal.com

NAI Miami Donates over $1000 to Direct Relief to Help Puerto Rico Earthquake Recovery Efforts

For Immediate Release

Contact:
Jackie Larkin, Director of Marketing
305.938.4000


ja**********@na******.com











MIAMI, FLORIDA – NAI Miami, a member of the world’s premier managed network of commercial real estate firms, announced today a donation of $1,380.60 has been made to Direct Relief for assistance in the recovery efforts cause by the many earthquakes Puerto Rico has been facing since December 28th.

“We are proud to support Direct Relief to help deliver necessary medicine and other essential equipment to the people of Puerto Rico”, said Jeremy Larkin, CEO of NAI Miami. “Given our close proximity and connection with many people who are currently living in Puerto Rico, we have a personal interest in helping our neighbours as it touches the lives of so many people in our community.”

The U.S. Geological Survey reported that over 500 earthquakes of magnitude 2 and above have hit Puerto Rico since December 28, 2019, including a 6.5 and 5.8-magnitude quakes this month.

Widespread power outages, a lack of running water, and ongoing tremors with the ability to potentially take down more structures are the most pressing issues facing the U.S. territory, in addition to about 2,000 evacuees who have left their homes in the southern part of the island, according to the Ivonne Rodriguez-Wiewall, head of Direct Relief’s Puerto Rico office.

“People are still very scared,” she said, while traveling with physicians and mental health care providers between four shelters around Guayama, Guánica, and Ponce.

“In Ponce, you can see the earth literally cracked.”

Dozens of homes collapsed in Guánica, according to that city’s mayor, and images of heavily damaged structures have emerged from locales throughout the southern part of the island.

“They’re moving into open spaces now, the earth is still shaking,” Rodriguez-Wiewall said.

“People didn’t know if it’s okay to drive, so they’re staying together… Authorities are evacuating everyone from buildings, including nursing homes and hospitals, more than two stories high.”

Rodriguez-Wiewall said close to 2,000 people have moved into open spaces and will be sleeping in FEMA and military-provided tents with cots.

Along with hundreds of other structures, the earthquakes have caused damage at three major hospitals in the south, which are being powered by generators. After visiting various shelters, Rodriguez-Wiewall said fear of structural damage and uncertainty about aftershocks have deterred some people from seeking out medical attention at hospitals and health care clinics in the area, making the mobile units and jeeps that were donated after Hurricane Maria key to medical response efforts.

Another resiliency measure — solar-powered water pumps — has also proved to be beneficial. The pumps, which were installed in communities located in the center and southeastern parts of the island with the help of Por Los Nuestros, have held up and allowed locals to maintain access to potable water, which was one of the most pressing issues after Hurricane Maria, and is currently a major concern in the aftermath of the earthquakes, especially in the south.

In response to the earthquakes, Direct Relief is sending essential medicines and supplies to Puerto Rico to supply 10 medical health provider teams at the request of Puerto Rico’s Department of Health.

Rodriguez-Wiewall said her team’s next steps are to continue planning a hub of medical services in Guánica, which is one of the biggest centers for displaced people, while responding to requests from local mayors.

About NAI Miami

NAI Miami is a commercial real estate organization with the passion, dedication and expertise to realize maximum potential and generate creative solutions for our clients worldwide. Our collaborative services platform provides an expansive, yet nimble responsive structure enabling us to efficiently deliver superior result. To learn more, visit www.naimiami.com.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of over 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global was acquired in 2012 by C-III Capital Partners, a 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. To learn more, visit www.naiglobal.com.

NAI Miami Negotiates Purchase of Industrial Building and Adjacent Land Parcel in Miami, Florida

For Immediate Release

Contact:
David Oxios
786-476-8169


do****@na******.com











NAI Miami Negotiates Purchase of Industrial Building and Adjacent

Land Parcel in Miami, Florida

MIAMI, FLORIDA – NAI Miami, a member of the world’s premier managed network of commercial real estate firms, announced today David Oxios recently negotiated the purchase a 3,119 Square foot industrial building and an adjacent land parcel, totaling a combined 13,269 square feet lot located at 3195 & 3155 NW 20th Street, Miami, Florida for his client Hatecke Marina, LLC. The sellers were Estate James D. Nall Co., Inc. and James D. Nall Yacht Services, LLC.

This was not an arms-length transaction, as the sale was part of an Assignment for the Benefit of Creditors case. Buyer successfully out bid competing parties for the right to put property under contract and subsequently closed.

About Hatecke Marina, LLC (HML)

Hatecke Marina, LLC is planning to utilize this property to serve as a Marine Service Center carrying out MRO duties for the Hatecke Group and the broader Cruise Industry. HML plans to provide complete overhauls of lifeboats, tender boats, and rescue boats including point to point delivery from the Port of Miami to the newly created Marine Service Center located along the Miami River. HML also intends to provide refurbishments, engine services, and maintenance for recreational boaters.

About NAI Miami

NAI Miami is a commercial real estate organization with the passion, dedication and expertise to realize maximum potential and generate creative solutions for our clients worldwide. Our collaborative services platform provides an expansive, yet nimble responsive structure enabling us to efficiently deliver superior result. To learn more, visit www.naimiami.com.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing over 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com.