Shane Soefker spearheads Cushman & Wakefield efforts in South Florida, seeing more demand in troubled market
Cushman & Wakefield, one of the largest global commercial realty firms, has brought on board Shane Soefker to head its South Florida operations.
Mr. Soefker's main responsibilities are to oversee and support its extensive broker network and to help with the company's business development.
Cushman & Wakefield, with more than 13,000 employees based in 231 offices in 58 countries, provides an array of services to its clients, including leasing, sales, management, financing and consulting.
In his role as senior managing director and branch manager, Mr. Soefker is to oversee the firm's operations in Miami-Dade, Broward and Palm Beach counties.
The commercial market's troubles are not over, he said, as $1.4 trillion in loans will come due between 2010 and 2014 in the US.
"Now, what happens when all of these loans expire, particularly in the CMBS [commercial mortgage-backed securities] world?" he said. "That's going to be another big problem, and whether it's the next shoe to drop or not who's to say, because we really don't know what the impact of all of this is going to be."
Despite weak fundamentals, Mr. Soefker said the firm is seeing more demand for leasing and more clients seeking advice to help solve their real estate problems.
Mr. Soefker discussed his plans and goals with Miami Today reporter Yudislaidy Fernandez at Cushman & Wakefield's downtown Miami offices.
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