Lee joined CBRE in 2002 and is co-leader of the six-member Miami capital markets group that has closed more than $650 million in sales so far this year. "Historically low interest rates continue to drive capital flows into South Florida commercial real estate," he says. "Properties are trading hands at a strong pace as investors compete to acquire existing assets." He predicts leasing will continue to accelerate, concessions will tighten and "we will likely see sharp rental growth in 2005, especially in submarkets where supply and demand are near equilibrium."
Paige comes to JLL's Palm Beach office from the area office of Alpharetta, GA-based Parthenon Realty LLC, where he was leasing director. Prior to that he served in a similar capacity for Boca Raton-based Koger Equity Inc., which has since been renamed CRT Properties Inc. He will be responsible for local tenant leasing and supporting new business leasing and marketing efforts in Palm Beach and Broward counties.
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