ComReal Miami has recently been awarded the 2010 CoStar Power Broker award. The award was given to the top ten commercial real estate brokerage firms who had the largest volume of property sales transactions for the year. Of the top ten commercial brokerage firms that received the award in Miami-Dade County, ComReal is the only regional brokerage firm that specializes in industrial real estate.
“The market was tough. The economy was hard. And the top dealmakers, well, they stood tall, brave and faced the market like true power brokers. They put in long hours, sacrificed weekends and the results are proof of their incredible dedication and talent. Now it’s time for the industry to recognize these top dealmakers. CoStar is proud to announce the winners of the 2010 CoStar Power Broker Awards.” reports CoStar Group.
The industrial sales brokers in 2010 consisted of Michael Weihl, Chris Spear, Edison Vasquez and Ed Redlich, SIOR, CCIM. “ComReal’s team is very proud to have won this industry award.” states Ed Redlich, ComReal’s Vice-President. “CoStar’s assistance is instrumental in serving our clients’ needs. Our team consistently competes with the larger, national companies by using CoStar’s services for property site selections, sales comparables, market reports and more. In the end, our clients are the real winners.”
ComReal’s largest transaction was the sale of the 127,000 sq. ft. warehouse located at 7000 NW 33rd Terrace. At a sales price of $7,650,000, this was the largest industrial deal sold to an owner-user in 2010. In addition, ComReal sold another large warehouse and logistics business in Miami-Dade County, however the details were not disclosed due to confidentiality.
CoStar Group, Inc., an online commercial real estate service provider, recently made national headlines with the announcement of its $860M acquisition of its main competitor, LoopNet, Inc. “For more than two decades, CoStar has revolutionized the way commercial real estate professionals access and analyze information. Similarly, LoopNet has been at the forefront of creating dramatic efficiencies in how people market commercial properties. Together we will bring the full benefit of the Internet to commercial real estate with a broad array of complementary solutions for the complete range of real estate participants, from large national brokerage firms and institutional players to small local brokers and property owners.” states CoStar. Visit www.CoStar.com for more details.