MIAMI, FL - Brenner Real Estate Group, a full service commercial real estate firm based in Fort Lauderdale, has announced a Court Appointed Receivership including property management services for two Miami buildings and adjacent vacant land.
*Receivership – Mortgagee – Wells Fargo Bank
On July 25, 2013, Scott Brenner, Esq., CCIM, SIOR. RPA, CAM, President/CEO, Brenner Real Estate Group, was appointed Receiver for property of Michael R. Budzinski in Case No. 11-32783 CA 05 by the Circuit Court of the Eleventh Judicial Circuit In and For Miami-Dade County, Florida. Budzinski is the owner of a 16,000 SF land plot at 17613 Cleveland Avenue and two vacant warehouse buildings totaling 4,303 SF located at 17600 and 17630 S. Dixie Highway in Miami for which Mr. Brenner will serve as Receiver.
Mr. Brenner was appointed on behalf of Mortgagee Wells Fargo Bank, National Association. Brenner Real Estate Group’s Roxanna Collins, RPA, Regional Asset Manager, South Florida, and Wendy Collins, CAM, Property Manager will be providing caretaker management services for the buildings as well list the buildings with land for sale. The warehouse buildings are zoned Commercial-Liberal, and the land use is zoned automotive or marine.
Says Scott Brenner, “One of the opportunities that Receivers can assist a lender with is when a property may have environmental damage. Our team will facilitate the studies needed and take action to optimize the properties to get them ready for sale. Our goal, of course, is to increase the value for Wells Fargo Bank.”
Roxanna Collins noted, “We have already begun our evaluation and are taking steps in the asset stabilization process. With the experience of our caretaker management team and our dedication to bringing the properties to code, we foresee a positive opportunity for a future buyer of these properties.”
Brenner Real Estate Group is a full-service commercial real estate firm providing asset solutions, brokerage, investment sales, property management, asset management, and receivership services for office, industrial/commercial, retail and multi-family properties. The firm has been serving Florida since 1987.
For more information, visit Brenner Real Estate Group on the web at www.breg.net, on Facebook at “Brenner Real Estate Group” or on Twitter at “BrennerREgroup”. Contact the firm at 1500 West Cypress Creek Road, Suite 409, Fort Lauderdale, FL 33309, 954.596.5555 or toll free at 1-888-2734 (BREG).