MIAMI—Daniel Draizin has joined Coldwell Banker Commercial (CBC) Alliance Miami, an independently owned and operated commercial real estate services company within the CBC Global network. He comes on board as managing director.

In his new role, Draizin will focus on evaluating, developing, and executing real estate strategies for investors with an emphasis on multifamily investment sales. Draizin will also work closely with senior leadership to grow CBC Alliance presence and platform in the South Florida region.

“Daniel's extensive background in the South Florida multifamily space is certainly a valuable addition to our team,” says Jim McCoy, managing principal of CBC Alliance. “But it's the reputation he has earned through the years for high-level customer service that I appreciate most about his brokerage abilities.”

Before coming on board at CBC Alliance, Draizin was a managing member of DMD Investment Real Estate Services and a vice president and director of the National Multi-Housing Group with Marcus & Millichap in Fort Lauderdale, FL. During his 18-year tenure with M&M, he specialized in the disposition of multifamily assets throughout the United States. Before joining M&M, Draizin was CEO of SSR Realty specializing in tenant rep, value-add consulting, sales and sensitivity analysis.

“This is an exciting time for commercial real estate in South Florida as well as an interesting canvas for the future,” Draizin tells GlobeSt.com. “We have an interesting set of circumstances taking place locally that is driving the markets, including an availability of funds and a diverse spectrum of buyer types—such as institutional, private party—as well as international investors each of which have different returns and reasons to acquire.”

From where Draizin sits, the chaotic market we have been previously experiencing is starting to settle into normalcy. In fact, he says, any time you look up in the tri-county area you now see cranes building new real estate.

“The opportunistic investors are either acquiring the units necessary to convert the broken condos back to multifamily or selling them individually,” Draizin says. “The institutional investors are now divesting themselves of properties that have reached the IRR time frame which means more private party capital is now acquiring those assets. Ultimately this means more opportunities for local commercial real estate brokers.”