South Florida Business Journal April 2012
Real estate movers and shakers boost market
Who is driving some of the most interesting trends in South Florida’s commercial real estate market? The South Florida Business Journal’s Heavy Hitters in Real Estate. They make the sales and development deals, design the buildings, and create the projects that will make 2012 an important year for one of our largest local industries.
As you read our special section, you will see who is involved in industrial leasing, development and land acquisition – one of the hottest sectors of South Florida’s real estate market.
You can find out who is active in the speculative construction of single buildings, which are in high demand, and see who will be making news in the construction of new apartment buildings and condos. Also among our distinguished list, are those making the new push for retail leasing, with several developers planning mixed-use projects.
We hope you enjoy the read and find all the basics you need to know about our local commercial real estate elite.
Eddie Avila
President, Key Realty Advisors
Keyrealtyadvisors.com
2601 S. Bayshore Drive, Suite 200, Coconut Grove 33133
(305) 857-0400
Avila launched the $130 million overhaul of 396 Alhambra Circle, which includes a new office tower and garage. Tenants include HBO Latin America, which helped take occupancy to about 50 percent.
Jeff Berkowitz
President, Berkowitz Development Group
www.berkowitzdevelopment.com
2665 S. Bayshore Drive, Suite 1200, Coconut Grove 33133
(305) 854-2800
In 2011, Berkowitz finalized plans for his latest vertical retail complex in Coral Gables, the 330,000-square-foot, $100 million project called Gables Station.
Stephanie Berman
President/CEO, Carrfour Supportive Housing
www.carrfour.org
1398 SW 1st St., Suite 1201, Miami 33135
(305) 371-8300
The purchase of Harvard House Apartments in 2011 was part of a plan to deliver 56 affordable units for about 170 people in North Miami Beach.
Lloyd J. Boggio
Principal/Founder Carlisle Development
www.carlisledevelopmentgroup.com
2950 Southwest 27th Ave., Miami, FL 33133
(305) 476-8118
The first phase of a four-phase project, each costing $25 million, is underway as part of a rehabilitation project in Fort Lauderdale called Northwest Gardens.
Malcolm Butters
Principal, Butters Construction and Development
www.butters.com
6820 Lyons Technology Circle, Suite 100, Coconut Creek 33073
(954) 312-2400
Liberty Trust has hired Butters Construction as part of its plan to develop what could be a 1.8 million square foot business park on land near Miami International Airport, which was one of 2011’s biggest deals.
Armando Codina
Founder/Managing Partner, Codina Partners; Partner, CC Devco Homes
www.codina.com
135 San Lorenzo Ave., Suite 750, Coral Gables 33146
(305) 520-2396
While Codina Partners was building rental apartments in Doral, Codina’s CC Devco Homes’s Monterra single-family home project was gaining ground in Cooper City.
Asaf “Asi” Cymbal
President, Cymbal Development
www.cymbaldevelopment.com
3470 North Miami Avenue, Upper Suite, Miami 33127
(305) 573-8700
Cymbal bought the Cabi New River site out of bankruptcy for $11.5 million and is planning a mixed-use project on the site.
Jill DiDonna
Division President GL Homes
www.glhomes.com
1600 Sawgrass Corporate Parkway, Suite 400 Sunrise, FL 33323
(954) 753-1730
GL Homes bought lots at the unfinished Equus project in Boynton Beach and sold homes there in 2011, and it began infrastructure work for The Bridges, a new 500-unit project in Delray Beach.
David C. Robinson
VP/General Manager, Turner Construction
www.turnercontruction.com
1000 NW 57th Court, Suite 200, Miami 33126
(786) 621-9000
Turner’s projects include the Miami Intermodal Center, Miami Children’s Hospital Advanced Pediatric Care Pavilion, Chris Evert Children’s Hospital and the Four Seasons resort at Walt Disney World.
Christian Goode
President, Resorts World Miami
www.rwmiami.com
1501 Biscayne Boulevard, Miami, FL., 33132
305-374-6664
The Genting Group bought about 30 acres in downtown Miami, including the 14 acres where the Miami Herald is located and the Omni Center. Genting has planned Resorts World Miami, a $3.8 billion project, but needs legislative approval to offer gambling.
Brenda Hill-Riggins
President, Mars Contractors
www.marscontractors.com
13350 SW 131 ST, Suite 103, Miami, FL 33186
Phone: 305-278-2122
Mars Contractors helped build Marlins Park in Miami’s Little Havana neighborhood, where the Miami Marlins launched their season in 2012.
Michael Kaufman
Managing Principal, Kaufman Lynn Construction
Kaufmanlynn.com
606 Banyan Trail, Boca Raton 33431
(561) 361-6700
Kaufman Lynn had $52.6 million in billings in 2011 compared to $21.4 million in 2010, with work including the Freedom Tower restoration.
Rex Kirby
President/GM, Southeast Region, Suffolk Construction Co.
www.suffolkconstruction.com
1 Harvard Circle, Suite 100, West Palm Beach 33409
(561) 832-1616
Suffolk Construction had $390.5 million in gross billings in South Florida, with $376.2 million in contracts awarded for the year, making it the second-largest general contractor in the region.
John Leete
Executive VP, John Moriarity & Assoc.
www.jm-a.com
1942 Tyler St., Hollywood 33020
(954) 920-8550
After finishing the remediation at Museum Park, John Moriarty & Associates began construction of the new Miami Art Museum in downtown Miami.
Martin Z. Marguiles
Developer, Bellini at Williams Island
www.belliniwilliamsisland.com
4100 Williams Island Blvd.
(305) 466-6828
Marguiles launched luxury development Bellini at Williams Island by taking out an $80 million loan using his art collection as collateral.
Stuart A. Miller
CEO, Lennar Corp.
www.lennar.com
700 NW 107th Ave., Miami 33172
(305) 559-4000
The purchase of distressed parcels and new construction has contributed to growth for the company, with Lennar reporting increases in home orders in consecutive quarters.
Bob Moss
Founder/Chairman/CEO, Moss & Associates/Moss Construction Management
www.mosscm.com
2101 North Andrews Ave., Suite 300, Fort Lauderdale 33311
(954) 524-5678
Moss’s company finished the Marlins Park project on time for the Miami team’s opening season in 2012. The entire project, including the garages, cost more than $600 million to build.
Tom Murphy
Chairman/CEO, Coastal Construction Group
www.coastalconstruction.com
5959 Blue Lagoon Drive, Suite 200, Miami 33126
(305) 559-4900
Miami-based Coastal Construction led a group that included engineers, carpenters and roofers to provide a facelift for the shelter Miami Bridge Youth and Family Services operates in Miami.
Stephen Owens
President, Swire Group
www.swireproperties.com
501 Brickell Key Drive, Suite 600, Miami 33131
305-371-3877
Swire began site work on Brickell CitiCentre, the six-building project it plans on 9.1 acres in the center of Miami’s financial district.
Jorge Perez
Chairman, The Related Group
www.relatedgroup.com
315 S Biscayne Blvd., Suite 200, Miami 33131
(305) 460-9900
Perez as investor bought several distressed properties, including Omni Center, with partners Sergio Rok and James Tate. They sold that property at a profit and Related also launched a new wave of condominiums throughout South Florida.
Joseph Reagan Jr.
Vice President/Regional Executive
Wexford Science & Technology/Wexford Miami
www.wexfordequities.com
1951 NW 7th Ave., Miami 33136
(215) 966-6236
In 2011, Advanced Pharma CR become one of the largest tenants at the University of Miami Life Science & Technology Park after signing a 20,000-square-foot lease. The 252,000-square-foot research park in Miami’s Overtown neighborhood opened in July.
Raymond Southern
President/CEO, Florida Division, Balfour Beatty Construction
www.balfourbeattyus.com
7901 S.W. Sixth Court, Plantation 33324
(954) 585-4208
A recipient of the Ultimate CEO Award and head of a leading general contractor in South Florida, Raymond C. Southern leads a division that has averaged $500 million in annual revenue for the last 10 years.
Dwight Stephenson
CEO
D. Stephenson Construction
www.dstephenson.com
6241 N. Dixie Highway, Fort Lauderdale 33334
(954) 315-7020
Named as a Business Journal Ultimate CEO, Stephenson in 2011 finished work rehabilitating ramps that feed into three concourses at Fort Lauderdale-Hollywood International Airport.
Terry Stiles
Chairman and CEO, Stiles Corp.
www.stiles.com
300 S.E. Second St., Fort Lauderdale 33301
(954) 627-9021
Stiles oversaw construction in 2011 on a mixed-use center near Miami’s Adrienne Arsht Center for the Performing Arts that is home to a Publix, a much needed amenity for downtown.