Jeremy Larkin
President

Scope Of Service Experience

Areas of expertise include landlord and tenant representation, real estate brokerage, mortgage brokerage, consulting and expert witness services, and, property and asset management. Have supervised up to fifty people in four states and eight cities. Responsibilities and specific accomplishments include:

Landlord and Tenant Representation: Identify, analyze, negotiate and close lease transactions for single and multiple sites for a multi-national group of clients in principally retail and office properties throughout the State of Florida. Since 1995, lease transactions closed total approximately 557,600 square feet with an aggregate lease value of $48,358,000. Have or currently represent in excess of 7,000,000 square feet of office, retail, industrial and residential rental properties.

Real Estate Brokerage: Creation of two real estate brokerage businesses with multiple offices. Responsibilities included client development, product development, negotiation of option, purchase and sale transactions. Upon client's request and after contracting for property's purchase, analyze, underwrite and prepare underwriting report. To date, acquisitions and dispositions of properties have an aggregate value in excess of $136,335,000.

Mortgage Brokerage: Responsibilities include client development, product development, administration and coordination of mortgage brokerage operation and identification of debt and equity sources through banks, mortgage and credit companies and conduit securitizations. To date, loans closed have an aggregate value of in excess of $93,000,000.

Consultation & Expert Witness: Responsibilities include conducting field work and preparing reports of physical condition, financial performance of subject property and/or general market; identifying and recommending revenue enhancing and cost savings concepts to maximize investment return; determining current leasing strategies, analyzing adequacy, and, identifying and recommending modifications; identifying and recommending practical and financial feasibility of potential capital expenditures and new lease transactions; assisting with and/or preparing cash projections in conjunction with restructuring of debt; determining adequacy of buy-out offer, estate value or limited partnership interest value; conducting forensic real estate analysis; and, providing testimony pertaining to engagement.

Property and Asset Management: Creation of two property management companies and one asset management division. Portfolio has or currently includes 2,400 residential rental units, 1,100,000 square feet of retail properties and 300,000 square feet of office buildings. Duties included overseeing physical condition and financial performance of up to twenty six properties; initiating revenue enhancing and cost savings concepts to maximize investment return; identifying practical and financial feasibility of potential capital expenditures and new lease transactions; preparing and reviewing cash forecasts to determine viability and timing of cash expenditures and distributions; and, reviewing property performance and market conditions to determine optimal timing for potential financing or sale.

Education

M.B.A.
University of Miami - Accounting Concentration - December, 1986
Graduated summa cum laude, Received Certificate of Academic Excellence.

B.S.
University of Alabama/Tuscaloosa - Majored in Finance and Banking May, 1980 Graduated cum laude.
F.E.I. Outstanding Finance Student, 1980, Entrepreneurial Scholarship, 1976 - 1980.

Background & Experience

NAI Miami f/k/a Larkin Schmidt Commercial Miami, Florida
President / Principal February, 1997 - Current

Capital Realty Services, Inc. Miami, Florida
Senior Vice President November, 1994 - February, 1997

M2 Realty Corporation Miami, Florida
Senior Vice President June, 1986 - October, 1994

I.R.E. Financial Corporation Coral Gables, Florida
Acquisitions and Portfolio Manager April, 1984 - June, 1986

Southeast Bank, N.A. Miami, Florida
Commercial Banking Officer June, 1980 - April, 1984

Professional Affiliations & Designations

• Licensed Florida Real Estate Broker
• Licensed Florida Mortgage Broker
• Licensed Florida Community Association Manager
• Member, International Council of Shopping Centers
• Member, National Association of Industrial & Office Properties
• Member, Miami Office Brokers Roundtable
• Greater Miami Hillel, Board of Directors, June 2000 -
• City of Homestead - Master Developer for Park of Commerce Selection Committee 1998/99
• City of Homestead - Community Redevelopment Director Search Committee -1997
• Greater Miami Jewish Federation - Real Estate, Builders & Allied Trades Division, 1986 -
• Pioneer Commerce Park, Homestead, Florida, Chairman (1995 - 1999), Board Member (1995 - Present)
• Pinecrest Business Association, Board of Directors, 2000 - Present.
• Pinecrest Business Association, Board of Directors, 2000 - Present.
• Seminole Theater Group, Homestead, Florida, Secretary (1999-2000), Board of Directors, 1997 - 2000
• Bet Shira Congregation, Board of Directors, 1990 - Present
• Bet Shira Congregation, Treasurer, V.P./Fin., Pres.-Elect, President, Immediate Past President, 1991 - 2001
• Foundation of Jewish Philanthropies - Professional Advisory Committee, 1996 -
• Jewish Vocational Services, Board of Directors, Vice President, 1986 - 1991

CASE MATTERS, SPEAKING ENGAGEMENTS AND PUBLICATIONS

Case Matters & Public Hearing Testimony

Expert Witness Cases

In re: Boca Greens Associates - Engaged by debtor. Issue pertained to: (1) determination of property's current value in light of real estate industry and economic downturn, (2) testimony regarding current loan work-out terms and conditions, and, (3) creating and implementing reorganization plan acceptable to creditors and court. Reorganization plan approved by court over objection of primary secured creditor.

U.S. Tabco v. G.M.I. International Corp/Willy Rosell - Engaged by defendant. Issue pertained to fraudulent conveyances of leases via assignment. Case settled.

Ocean Harbor of Fort Myers Beach, Inc. - Engaged by defendant. Issue pertained to partner dispute of joint venture real estate development project. Focus directed to determination of adequacy of initial capital contributions by partners. Case settled.

Byron v. Corner Pocket Billiard Club, Inc. - Engaged by defendant. Plaintiff slipped on the sidewalk in the rear of a shopping center proximate to defendant's place of business, alleged that defendant, a tenant in a multi-tenant shopping center, was responsible for the condition of the sidewalk. Focus provided was on lease interpretation as to defendant's responsibility under the lease and how it pertained solely to the Premises and not to the common areas of the shopping center. Case settled.

Duplex Products, Inc. v. Graphic Productions Corporation and Commercebank - Engaged by Plaintiff. After defendant filed bankruptcy, Plaintiff lifted stay of foreclosure and proceeded with action. Second mortgage holder took possession of personal property and sought to dispose through auction. Hired by Plaintiff to assume role of private property custodian initially as court refused appointment of receiver. Preserved in excess of $150,000 of real property which second mortgage holder sought to auction as personal property. Subsequently, (1) assisted Plaintiff in identifying environmental contamination and developing remediation plan, (2) collected rent on behalf of Plaintiff when second mortgage holder leased the premises, and, (3) identified and coordinated sale of Judgment of Foreclosure to buyer on behalf of Plaintiff. During the term of this assignment was subsequently appointed receiver by the court (See Receiverships below).

Icon Development Corporation v. White & Case et. al. - Engaged by Defendant. Hired to support Defendant's law firm in the technical preparation of defense where Plaintiff was claiming Defendant had tortiously interfered with Plaintiff's business. Focus of assignment was to review and prepare discovery to be provided to expert witness, inform and prepare defense attorneys on technical aspects of case, review and critique expert witness report(s) and support the case in any other manner requested by counsel. Case Settled.

Re: Martin A. Tabor, Trustee - Application for an Equitable Tolling of the Traffic Capacity Reservation Period - Engaged by applicant. Applicant was wrongfully denied vested sign rights by local county. Applicant sought and was successful in obtaining relief through the courts. While pursuing remedy, applicant's traffic capacity reservation expired. County statute provided equitable relief or tolling of the reservation provided applicant could prove potential development was impractical. Provided opinion letter and testimony at hearing regarding adverse economic impact of lack of signage and Applicant's inability to attract large, anchor tenants due to sign hardship created by the county. Applicant obtained requested tolling.

Re: Kimzay of Florida, Inc. v. Fleming Companies, Inc. and A.M.T. Supermarkets, Inc. - Engaged by Plaintiff. Defendant Fleming sold a leasehold interest and personal property to Defendant A.M.T. Supermarkets. At issue is the current market value of the leasehold. Provided detailed report to determine current market rent of the leasehold space. Then, conducted financial analysis, including discounted net present value calculations, to determine the net present value of the leasehold estate. Reviewed opposing expert's opinion of leasehold value. Conducted demographic analysis to compare and contrast comparable locations provided in writer's and opposing expert's reports to determine validity of comparable rents. Attended opposing expert witness' deposition and assisted plaintiff's attorney with preparation prior to and questions during deposition. Case settled.

Re: B.M.S. Aventura, L.L.C. - Application for Modification of Master Plan and Land Use - Engaged by applicant. Applicant requested the re-designation of the Comprehensive Development Master Plan to Commercial/Business and modification of zoning from residential to commercial for a parcel in the Aventura area of Miami, Florida. Acted as expert on commercial land use by providing opinion letters regarding change of use. Reviewed commercial capacity land studies, analyzed and recalculated commercial land availability in subject area. Analyzed trends in residential housing values of subject area and, more particularly, the immediately adjacent communities. Attended and gave testimony at Community Council #2 public hearing, Planning Advisory Board hearing and Community Development Master Plan committee hearing. Application pending.

Receiverships

Duplex Products, Inc. v. Graphic Productions Corporation and Commercebank - As a result of owner abandoning the property, a tenant being in place who failed to timely pay rent and environmental contamination issues affecting the property, was appointed receiver of a 70,000 square foot warehouse property.

Intervest National Bank v. Alarm Acquisitions Of America, Inc., and Curt A. Hepp, Individually - Appointed by court as receiver for the an office building in Pompano Beach, Florida during pendency of foreclosure action. Took possession of defendant's real property, personal property, books and records as it pertains to the operation of the office building and operated the building on a day-to-day basis including dealing with delinquencies and past due obligations.

- I.C.S.C. Florida Regional Conference - Panelist - Outparcel and Restaurant Expansion Plans discovery to be provided to expert witness, inform and prepare defense attorneys on technical aspects of case, review and critique expert witness report (s) and support the case in any other manner requested by counsel. Case Settled.

Re: Martin A. Tabor, Trustee - Application for an Equitable Tolling of the Traffic Capacity Reservation Period - Engaged by applicant. Applicant was wrongfully denied vested sign rights by local county. Applicant sought and was successful in obtaining relief through the courts. While pursuing remedy, applicant's traffic capacity reservation expired. County statute provided equitable relief or tolling of the reservation provided applicant could prove potential development was impractical. Provided opinion letter and testimony at hearing regarding adverse economic impact of lack of signage and Applicant's inability to attract large, anchor tenants due to sign hardship created by the county. Applicant obtained requested tolling.

Re: Kimzay of Florida, Inc. v. Fleming Companies, Inc. and A.M.T. Supermarkets, Inc. - Engaged by Plaintiff. Defendant Fleming sold a leasehold interest and personal property to Defendant A.M.T. Supermarkets. At issue is the current market value of the leasehold. Provided detailed report to determine current market rent of the leasehold space. Then, conducted financial analysis, including discounted net present value calculations, to determine the net present value of the leasehold estate. Reviewed opposing expert's opinion of leasehold value. Conducted demographic analysis to compare and contrast comparable locations provided in writer's and opposing expert's reports to determine validity of comparable rents. Attended opposing expert witness' deposition and assisted plaintiff's attorney with preparation prior to and questions during deposition. Case settled.

Re: B.M.S. Aventura, L.L.C. - Application for Modification of Master Plan and Land Use - Engaged by applicant. Applicant requested the re-designation of the Comprehensive Development Master Plan to Commercial/Business and modification of zoning from residential to commercial for a parcel in the Aventura area of Miami, Florida. Acted as expert on commercial land use by providing opinion letters regarding change of use. Reviewed commercial capacity land studies, analyzed and recalculated commercial land availability in subject area. Analyzed trends in residential housing values of subject area and, more particularly, the immediately adjacent communities. Attended and gave testimony at Community Council #2 public hearing, Planning Advisory Board hearing and Community Development Master Plan committee hearing. Application pending.

Speaking Engagements

• - Homestead Main Street Charette, Round Table leader, Topic: A Pioneer Commerce Park, Current and Future
• - I.C.S.C. South Florida Idea Exchange, 2000 - Session Leader & Panelist, "Convenience Shopping to Shoppertainment - What's Working Now and What's Planned For Tomorrow"
• - I.C.S.C. South Florida Idea Exchange, 2001 - Session Leader, "South Florida Retail and Market Overview"
• - I.C.S.C. South Florida Idea Exchange, 2002 - Session Leader, "The Real Engine of the South Florida Economy…Tourism…Hotels…Restaurants…Airports"

Publications

"Tenant reps can play a pivotal role", Miami Business Review - Real Estate Marketplace, May, 1996

Significant Transactions

Property	Location	Square Feet	Price
Plaza West Shopping Center	Miami, Florida	100,000	$11,300,000
Sawgrass Village - Phases 1 & 2	Ponte Verde Beach, Florida	118,900	$10,900,000
Concourse Village Shopping Center	Jupiter, Florida	133,000	$7,800,000
Kendall Summit Executive Center	Miami, Florida	85,000	$7,500,000
Country Club Plaza North	Miami, Florida	86,700	$5,600,000
Emerald Park Apartments	Hollywood, Florida	121,400	$4,500,000
Lakeside Gardens Apartments	Coral Springs, Florida	101,200	$3,850,000
Gazebo Shopping Center	Jacksonville, Florida	79,200	$3,500,000
Citibank Building	Dania, Florida	65,000	$2,300,000
Park West Professional Center	Miami Lakes, Florida	18,300	$2,100,000
Eldorado Building	Lighthouse Point, Florida	33,200	$1,925,000
Former Sears Warehouse	Miami, Florida	15,000	$1,000,000
1250 Red Road Building	Miami, Florida	15,000	$850,000
Exotic Gardens Corporate Office South	Miami, Florida	7,500	$690,000
Esserman Nissan	Miami, Florida	90,000	$637,600
5600 N.W. 32nd Avenue	Miami, Florida	76,000	$535,000
Sawgrass Village - Phase 3	Ponte Verde Beach, Florida	20,100	$450,000
1800 & 1810 Coral Way	Miami, Florida	14,000	$450,000

 

Financing

Property	Location	Square Feet	Price
Country Club Plaza	Miami, Florida	100,700	$7,800,000
Hampton Inn	Coconut Grove, Florida	68,000	$6,500,000
Country Club Plaza	North Miami, Florida	86,700	$4,950,000
Kendall Summit Executive Center	Miami, Florida	85,000	$4,800,000
Sawgrass Village - Phases 1 & 2	Ponte Verde Beach, Florida	118,900	$4,500,000
DMK Properties	Miami, Florida	175,000	$4,000,000
Lakeside Gardens Apartments	Coral Springs, Florida	101,200	$2,975,000
Gazebo Shopping Center	Jacksonville, Florida	79,200	$2,100,000
Eldorado Building	Lighthouse Point, Florida	33,200	$1,445,000

 

Landlord and Tenant Representation

Client, City, State	Building/Tenant City, State	Sale or Square Feet	Lease Value
CompUSA Shopping Center	Noodle Kidoodle, Miami, FL	11,250	$2,695,000
21/22 Office Center, Miami, FL	Miami-Dade County	28,117	$2,463,100
CompUSA Shopping Center	Hemisphere Bank Miami, FL	3,873	$1,380,000
Zack, Kosnitzky, P.A. - Sublease	1401 Brickell AvenueMiami, FL	11,964	$980,000
BankAtlantic Building	Total Health Choice Miami, FL	8,646	$980,500
BankAtlantic	1455 W. 49th Street, Hialeah, FL	5,000	$900,000
Payless ShoeSource	Tropicaire Center, Miami, FL	4,500	$750,000
CarInk, Inc.	2121 Ponce, Coral Gables, FL	5,698	$569,800
Ultrazone	Bird Road @ 92nd Ave, Miami, FL	7,056	$504,000
BankAtlantic, 100 N Biscayne, Miami, FL	Sublease to American Express	3,022	$483,500
Doral Centre, Miami, FL	Blockbuster Video	6,000	$474,000 800
Brickell, Miami, FL	The Renno Group	4,812	$458,000
BankAtlantic Building, Miami, FL	Omnisphere Corporation	3,931	$450,300
Cluckers Chicken Restaurant	12500 Biscayne Blvd., Miami, FL	3,000	$450,000
Diversified Underwriters Services	1985 N.W. 88th Court, Miami, FL	6,200	$441,600
Doral Centre, Miami, FL	Lady of America Fitness	4,500	$365,600
Kendall Summit Executive Ctr, Miami, FL	Greenberg & Middleton	4,726	$373,700
Kids Communication Network	One Biscayne Tower, Miami, FL	4,211	$297,600
Kendall Summit Executive Ctr, Miami, FL	Market Street Mortgage	4,603	$200,400