Baker/CVR Real Estate - Preconstruction Condo Sales
July 1, 2012 - As South Florida moves into its newest real estate boom with more than 50 projects planned, Toronto-based Baker Real Estate and Miami-based CVR Realty™ have agreed to form a joint venture with hemispheric-reach to empower developers to more effectively sell units in newly proposed condo towers in the tricounty region of Miami-Dade, Broward, and Palm Beach.
The newly finalized relationship – Baker/CVR Real Estate – blends together the preconstruction sales experience and extensive international buyer network of Canada’s $2 billion Baker Real Estate firm with South Florida’s condo experts CVR Realty™.
The Baker/CVR Real Estate venture creates the first South Florida organization with a reach that stretches throughout the Americas from Canada to Argentina. Prior to the Baker/CVR Real Estate joint venture, developers in South Florida had been limited to in-house real estate brokerages that focused their international buyer networks on specific countries or regions, but never the entire hemisphere of the Americas.
“It’s a perfect marriage of local insider knowledge and international capabilities,” said Robert J. Kanjian, president of Baker Real Estate's Florida operation based in Boca Raton. “Our clients will gain access to CVR’s Wall Street-caliber analytics, outreach programs, and developer relationships.”
Jenny Huertas, the licensed real estate broker with CVR Realty™ who formerly headed international sales for Condo Vultures® Realty LLC, added: “Baker Real Estate brings three decades of vertical condo development expertise along with a global reach program that is among the most potent in the industry. Both organizations are focused exclusively on every nuance of the high-rise condominium sector.
"Together, we provide clients with the region’s first all-inclusive condo resource that includes everything from market research to visioning, architecture and lifestyle programming to the latest marketing and sales programs.”
Since Ontario, Canada-native Pat Baker founded her company in 1993 in Toronto, Baker Real Estate Inc. – the parent company of Boca Raton-based Baker Real Estate LLC - has become one of that nation’s most successful real estate companies with more than $2 billion in annual sales by specializing in project marketing and sales of new communities, including condominiums, townhouses, condo-hotels, resorts, and single-family homes.
“We have always developed offices and strategic partnerships around the world, but South Florida’s current dynamic presents immediate opportunities and long term growth potential that make this joint venture a timely and strategic resource for our clients,” said Baker, the chief executive of Baker Real Estate Inc. “Our philosophy is to provide global breadth with local depth that is unparalleled in the industry. This strategic partnership with CVR Realty™ delivers on that promise.”
Baker/CVR Real Estate has already initiated discussions with the developers of several projects – both announced and in the planning stages – that could soon dot the coast in the tricounty South Florida region of Miami-Dade, Broward, and Palm Beach.
Fueled by investors primarily from overseas, less than 3,900 new condo units remain unsold from a supply of nearly 49,000 units created since 2003 in South Florida’s seven largest coastal markets of Greater Downtown Miami, South Beach, Sunny Isles Beach, Hollywood / Hallandale Beach, Downtown Fort Lauderdale and the Beach, Boca Raton / Deerfield Beach, and Downtown West Palm Beach and Palm Beach Island as of March 31, 2012, according to a recent CondoVultures.com report.
For more information, please contact Jenny Huertas, Lic. Real Estate Broker of CVR Realty™, at 305-865-5859 or Jenny@CVRrealty.com.