Deering Companies has been retained to perform many value-added services for its clients. Our news section highlights some of these recent services, wins, hires and affiliations.
Deering Assists Developer in Preparing Investment Proposals
Deering Companies has been retained to assist a developer in responding to RFP's and pursuing opportunities by preparing key financial reports, including financial statements and analyses. The developer operates on both US coasts and is pursuing commercial, high rise residential, and gaming investments. The projects total over $1.5 billion.
New York Based Developer Retains Deering Companies for Growth
A high profile Manhattan based real estate developer is preparing for substantial growth by working with Deering Companies to identify financial executive candidates including CFO's, Controllers and Analysts. Deering will identify candidates directly and will also be working with executive placement firms. Additionally, Deering Companies is assisting in developing Human Resource department by developing organizational charts, job descriptions and and compensation structures.
Deering Companies Introduces Capital Source for Bridge Financing
Working closely with Deering Companies, principals of one of Miami Dade County's largest commercial developments obtained bridge financing for a main outparcel. While the principals weighed various options for permanent financing, they closed on a short-term, bridge capital source provided by Deering Companies. Deering Companies also advised the lender as to market terms.
Deering Companies Advises on 25 Acre Land for Sale
Deering Companies has assisted in performing due diligence on a 25 acre parcel in Doral on behalf of Engel & Völkers Miami. Engel & Völkers performed the due diligence in advance of accepting the $32.75 Million listing, and shortly thereafter, in order to determine how to best market the property and maximize its development potential.
Deering Celebrates Fifth Year Milestone
Deering Companies recently celebrated its fifth anniversary since of its launch in late 2006 near Coconut Grove. Over the last five years Deering Companies has had the privilege of providing advisory services to many of the region's leaders in business, entrepreneurship and real estate. Clients include the Related Group, Engel & Voelkers, Fortune International, Banif Investment Bank, Republica, The Peebles Corporation, J&C Tropicals, and the University of Miami.
Engel & Voelkers Miami names Deering Companies Founder as New CEO
Deering Companies continues its track record of advising real estate industry leaders by taking a lead executive management role with the Miami based franchise of Engel & Voelkers. Irving Padron will lead strategy, business development, marketing and sales management activities. The Deering Companies team will continue to work with its clients in providing world class services. Deering will leverage its existing platform, including market research, business planning, management consulting and recruiting services, to impact the growth of Engel & Voelkers throughout Miami Dade County's luxury communities.
Deering Sponsors UM Launch Pad Elevator Pitch Contest
As part of its ongoing support for the University of Miami and local entrepreneurship, for the second consecutive year Deering Companies co-sponsored the Launch Pad’s 2011 Elevator Pitch Contest (sponsored by the Miami Herald). The contest offers local entrepreneurs the opportunity to gain media attention while sharing in over $100,000 in prizes they need to support and grow their businesses. www.thelaunchpad.org/pitch2011.
Deering Companies Hosts Career Day
On October 21st Irving Padron and other Deering Companies executives hosted a group of Belen Jesuit Preparatory School students as part of the school’s Career Day program. The students learned about entrepreneurship and real estate investment during their day long visit to Deering Companies and a few of its clients. Participation in career day is part of Deering’s community service focus on providing guidance and support to entrepreneurs and career-minded young men and women. www.belenjesuit.org.
Luxury Residential Real Estate Firm Implements Growth Plan
An international luxury residential brokerage company has retained Deering Companies to lead its growth plan. The client has multiple offices in Miami Dade County and is part of a global network of offices and agents. Deering Companies intends on helping the client obtain market share in South Florida’s leading luxury communities.
Frozen Goods Company Launches with Help from Deering Companies
Deering Companies assisted a group of private investors in launching a frozen fruit and vegetable company. Deering identified the Managing Director, a frozen category veteran who previously launched a market leading frozen brand. Deering also identified and worked with a design firm to develop branding and packaging for the multiple product lines. The Managing Director received guidance from Deering as to preparation of a business plan and offering memorandum. The first shipments were delivered to retailers in third quarter of 2011.
Deering Companies CEO Irving Padron Recognized for His Impact on Terremark
Manuel "Manny" Medina, Terremark's founder, Chairman and CEO, recognized Irving Padron for his "significant contributions to Terremark's success" during an event to celebrate Verizon's acquisition of Terremark for $1.4 billion. Mr. Padron was Terremark's SVP & CFO during its transition to a publicly listed company. The event was held at the Ritz Carlton at Key Biscayne on May 14, 2011. Mr. Medina recognized key partners, executives and friends who worked closely with him throughout his almost 30 year career to build Terremark into a leader in internet infrastructure, cloud computing, and real estate development.
Deering Companies Starts Recruiting Firm
Deering Companies recently started an executive recruiting firm, eKrute, as a response to demand from existing Deering clients. Deering Companies has assisted its clients in retaining dozens of employees since its inception in 2006. EKrute recently held its soft launch. EKrute will focus on exceptional South Florida employers, and will identify talent through its international candidate network. Visit www.ekrute.com for soft launch temp site.
The Launch Pad at Terremark Opens
The Launch Pad at Terremark opened in downtown Miami’s NAP of the Americas. The Launch Pad is located on ground floor retail space and is open to the public. The Terremark location will continue the Coral Gables’ campus location’s initiatives of teaching and promoting entrepreneurship throughout the region. Deering Companies’ Irving Padron, a proud alum of both UM and Terremark, facilitated the introduction and negotiations between the University and Terremark. UM’s Mark Diaz - AVP of Budget and Planning, Dr. Susan Amat - Launch Pad Executive Director, and Dr. William Green, Senior Vice Provost were critical to the launch of the new location, as were Terremark’s Manuel Medina – President & CEO, and Jose Segrera – EVP & CFO. www.launchpad.org. www.terremark.com.
High Net Worth Investor Prepares Key Financial Reports with Support from Deering Companies
Deering Companies assisted in the preparation of various financial reports for a high net worth developer in South Florida. The reports are provided by the client to financial institutions for compliance purposes. Deering was used by the client in an advisory capacity to support the reporting capabilities of his internal finance department.
Deering Companies Identifies Sales and Quality Control Professionals for Importer
Deering Companies has identified and recruited various team members for the Sales and Quality Control functions for a Miami based importer. The positions are located in Florida and New York. The role is part of an advisory engagement to grow sales in the Northeast and Florida.
University of Miami Manages Investment Portfolio with Help from Deering Companies
The University of Miami retained Deering Companies to prepare its yearly market analysis on a key real estate investment portfolio. Services were also performed in 2009 and 2010. Services included comparable sales analyses and estimates of future growth rates related to a portfolio of real estate assets in Miami Dade County.
The University of Miami is located in Coral Gables, Florida and currently features an enrollment of over 15,300 undergraduate and graduate students from around the world. With more than 13,000 full and part-time faculty and staff, UM is the largest private employer in Miami-Dade County. U.S. News & World Report's 2011 "America's Best Colleges" rankings placed UM No. 47 in the nation in the National Universities category.
For more information on the University of Miami visit www.miami.edu
Deering Companies Secures $5 Million Operating Line of Credit for Client
Deering Companies successfully obtained multiple commitments, as requested, for a $4 million working line of credit totaling over $4 Million for an international distribution company located in South Florida. In market conditions where credit facilities are scarce, Deering successfully worked with several large financial institutions to obtain the financing. The client is currently evaluating various funding options and will have Deering continue advising on the transaction.
Development Team Includes Deering Companies as Lead on Preliminary Economic Feasibility Study for Eastern Caribbean Mixed Use Port Project
Deering Companies was contracted to perform the preliminary economic feasibility study for the development of a proposed mixed use cruise port in the Eastern Caribbean. The project is expected to include the highest quality cruising, hospitality, business, retail, conference, entertainment and gaming facilities. Deering Companies has been named as the lead on all economic analysis for the project.
Deering Companies Helps Two Start-Ups,
Winners of Elevator Pitch Competition
Deering Companies, as co-sponsors of the 2010 University of Miami LaunchPad Elevator Pitch Competition, has awarded a prize of $10,000 worth of consulting services to Fingerlings, a startup children's "finger fashion" company and to MOMARES, a direct to consumer mobile text messaging company. Each will receive business and financial consulting services to guide them to subsequent growth stages.
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