Unit will focus on dev sites, office and retail sales amid competition from other brokerages
Brown Harris Stevens Miami has launched a commercial division to compete with a number of other South Florida brokerages that have crossed over into the commercial space.
Phil Gutman, president of the Miami firm, will oversee the new division, which will be led by Jeff Cohen, managing director; and vice president Saad Hamdan.
Cohen’s previous deals include Jason Halpern’s $55 million bulk acquisition of a condo building in Surfside in 2015 and Atlas Capital Group’s $18.4 million sale of a development site in Miami’s Arts & Entertainment District for $18.4 million in 2017.
At BHS Miami, the commercial arm will focus on development sites, office and retail sales.
Agents who also work in the commercial division include Juan Alvarez, Stephan Burke, Carol Cassis, Drake Corrigan, Pamela Diaz de Leon, Carolina Echarte, Richard Green, Dimitri Kiosseff, Jorge Maduro, Ray Navarro and Maria Velez.
In South Florida, residential brokerages like One Sotheby’s International Realty, Related ISG and Douglas Elliman have all launched commercial divisions or separate companies in recent years.
In August, Compass launched Compass Commercial to focus on investment sales nationwide.