Strategic hire will lead direction for Miami office and capital markets platform
TORONTO, May 21, 2013 /PRNewswire/ - Mark E. Rose, Chair and CEO of Avison Young, Canada's largest independently- owned commercial real estate services company, announced today the strategic hiring of Daniel Carlo as a Principal of Avison Young and Managing Director of the firm's Miami office.
In his new role, Carlo will focus on overseeing the growth and development of Avison Young's Miami office, servicing existing and new clients, building upon the capital markets platform, and managing the day-to-day operations of the office.
A 23-year commercial real estate industry veteran, Carlo was most recently a Principal with Miami-based Cullum Capital Group. Prior thereto, he was a Senior Managing Director with Holliday Fenoglio Fowler (HFF), also in Miami.
"The addition of someone of Dan's caliber is a testament to the momentum and success of our Principal-led organization, and another important step in the strategic expansion of Avison Young as a full-service firm offering clients in-depth and high-level expertise for all of their real estate needs," comments Rose. "Dan is a proven industry leader in the capital markets sector and brings a keen understanding of Latin American capital investment in the U.S, which will bolster the Avison Young platform."
Earl Webb, Avison Young's President, U.S. Operations, adds: "The key to maintaining Avison Young's national expansion trajectory is to align ourselves with highly regarded real estate professionals with successful track records of business and management success. Dan is an ideal fit for our growth-oriented business model."
Avison Young opened its South Florida offices in October 2012 in Fort Lauderdale, Boca Raton and Miami, with 30 members joining from Flagler Real Estate Services, including Pike Rowley who became a Principal and Managing Director of Avison Young's Florida region.
The South Florida real estate market continues to strengthen and see a significant uptick in investment opportunities. Over the past 90 days, Avison Young's local team has leased more than 350,000 square feet of office space, closed more than $85 million in sales transactions, and doubled its property management square footage from 3 million square feet (msf) to 6 msf.
"We have an aggressive growth plan to be in every major market in Florida in the next year in order to best serve our expansive client base," notes Rowley. "Dan represents the first of many strategic hires of established professionals throughout the state."
"I am excited to be continuing my career at Avison Young, and I look forward to further expanding the company's growing footprint in the areas of capital markets, leasing, property management, project management and advisory services," notes Carlo. "Miami is a major international trading hub and tourist destination, as well as a draw for real estate investors from around the world. We intend to fully capitalize on that global spotlight to expand our platform."
Carlo has a successful track record with capital markets transactions for multiple property types. That work includes sales, financings, and joint ventures of major properties for institutional clients, private investors and developers. A member of the National Association of Real Estate Investment Trusts and the Urban Land Institute, Carlo holds a Master of Business Administration degree from the University of North Carolina and a Bachelor of Science degree from the U.S. Military Academy.
Over the past four years, Avison Young has grown from 11 to 46 offices and from 300 to more than 1,200 real estate professionals across Canada and the U.S.
Today's announcement comes on the heels of Avison Young opening an office in Charlotte, North Carolina last week.
Founded in 1978, Avison Young is Canada's largest independently-owned commercial real estate services company. Headquartered in Toronto, Ontario, Avison Young is also the largest Canadian-owned, principal-managed commercial real estate brokerage firm in North America. Comprising more than 1,200 real estate professionals in 46 offices across Canada and the U.S., the full-service commercial real estate company provides value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-residential properties.
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