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Berger Commercial Realty Corp. Closes Transactions Totaling More Than $3 Million In April

FORT LAUDERDALE, Fla. – Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced brokers  Judy Dolan and Steve Hyatt closed three transactions totaling more than $3 million in April.

Hyatt and Dolan represented BMR Funding LLC in a fractured condo sale for $2.5 million to Club Cortile LLC. The 48-unit, multifamily property is located at 700 Lyndhurst St. in Dunedin, Fla. The deal closed April 15.

Hyatt and Dolan also represented Miami D Properties LLC in the $450,000 sale of a 16-unit apartment building, located at 451 NW 7th St. in Miami, to Manhattanville LLC. The deal closed April 12.

Additionally, Hyatt represented Lloyd Berger, who was acting as receiver for Green Square Investments, in the $500,000 sale of a 19-unit, multifamily apartment building located at 5624 LaSalle Court in New Port Richey, Fla., to LaSalle Properties LLC.

Dolan, Vice President of Berger Commercial Realty Corp., has more than 12 years of experience in commercial real estate brokerage and is a licensed attorney with expertise in real estate transactions.

Hyatt serves as Senior Vice President of Berger Commercial Realty Corp and has more than 28 years of experience in commercial real estate and investment sales. He specializes in turn-around situations and distressed asset sales for banks and other institutional clients.

BRIEFS:

Property Address: 700 Lyndhurst St., Dunedin, FL 34698
Seller:  BMR Funding LLC, represented by Steve Hyatt and Judy Dolan of Berger Commercial Realty Corp
Buyer: Club Cortile, LLC
Sold for: $2,500,000
Property Description: 48 multifamily condominium units/fractured condo sale
Closing date: April 15, 2011

Property Address: 451 NW 7 St., Miami, FL 33136
Seller:  Miami D Properties LLC
Buyer: Manhattanville, LLC, represented by Steve Hyatt and Judy Dolan of Berger Commercial Realty Corp.
Sold for: $450,000
Property Description: 16-unit apartment building
Closing date: April 12, 2011

Property Address: 5624 LaSalle Court, New Port Richey, FL
Seller:  Lloyd Berger, acting as receiver for Green Square Investments, represented by Steve Hyatt of Berger Commercial Realty Corp.
Buyer: LaSalle Properties LLC
Sold for: $500,000
Property Description: 19-unit, multifamily apartment building
Closing date: April 22, 2011

About Berger Commercial Realty Corp:Founded in 1998, Berger Commercial Realty Corp. is a full service commercial real estate firm.  A local, independent and privately-owned firm, Berger can customize services and adapt to clients needs and the ever changing real estate market. Services include brokerage / tenant and buyer representation, property management, agency / project leasing, capital advisory / investment sales, construction / project management, and retail services. The company established a dedicated division, Berger Special Assets, to serve as receiver and enhance the value of distressed properties by providing expert management, leasing and sales representation on behalf of lenders and financial institutions.

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