(Crystal Proenza is associate editor of Real Estate Florida.)
TAMPA, FL-Changes within the real estate market over the past year have led locally based Colliers Arnold Commercial Real Estate Services to alter its overall strategy within the state of Florida. The firm, which offers sales, leasing, corporate, valuation and consulting services, has expanded its property management division, and has appointed three regional managers to oversee its growing portfolio of more than 12 million square feet.
"There's a lot of receivership business that's coming to fruition within the market, and a lot of banks and lenders are looking for property managers," Kimberly Lamb, senior executive vice president with Colliers Arnold, tells GlobeSt.com. "This is the type of adjustment in the market that occurs every time there is a downturn."Exercising the flexibility to meet the constantly changing needs of that adjusting market is key to keeping a finger on the pulse of real estate, she says.
The firm also plans to widen its reach within the Florida market where commercial management services have been concentrated in Tampa, Orlando and South Florida. Through its local offices Colliers Arnold will now branch out into Jacksonville, West Palm Beach and Fort Myers. "Over the past year we've been able to expand our portfolio and anticipate nothing but a continuation of that in 2009," says Lamb.
Leading the effort will be the company's newest hires, including Kathy Mulkern, who will serve as the senior regional director of South Florida in Colliers Arnold's joint venture with Coral Gables-based Colliers Abood Wood-Fay. Mulkern previously served as vice president of asset management with Orix Real Estate Capital Inc. in Chicago for 18 years, and earlier in her career served as a property manager for SR Weiner & Associates in Chestnut, MA.
Caroline Palmer has been recruited as the regional director of the Tampa Bay property management group from the company's Clearwater office. Palmer has 20 years of commercial property management experience. She previously worked with Canada-based Dalfen American, EastGroup Properties and Garcia Myers Inc.
In the northern part of the state, Pete Klaase will serve as senior property manager in the Jacksonville market. Most recently, Klaase worked with CB Richard Ellis as a senior real estate manager for office and retail properties.
"The individuals we hired are skilled professionals that can not only oversee private investors' properties, but can work with institutional clients as well," says Lamb. "We service both and want to make sure the delivery model we have in place is properly put together in order to accommodate clients."
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