News 2010
Deering Companies Prepares Plan for $50 Million International Distribution Company
November 2010
Deering Companies has been contracted to produce the business plan and corporate presentation for a $50 Million per year international distribution company. Services also include leading team alignment, financial modeling, market research, and short, mid and long term planning. The documents will provide clear guidance to investors, banking and corporate partners, vendors and employees as to the operational, growth and potential exit strategies for the company.
Deering Companies Leads Implementation of CRM and ERP platforms for a Large South Florida Distribution Company
September 2010
Deering Companies recently participated in a business process review for a South Florida distribution company. The BPR led to the selection of preliminary options for CRM and ERP software implementation. Deering will continue to advise as the implementations continue. The new systems and processes will allow the company to continue its significant growth.
Deering Companies Provides Project Management Services for 140,000 Square Foot Warehouse Acquisition
September 2010
Deering Companies is working with a private investment group in the acquisition of an industrial facility in Miami Dade County. Deering’s services include financial analysis, use analysis, assistance with site identification, and coordination of brokers, contractors and bankers.
The client took advantage of a depressed real estate market to aggressively pursue the acquisition of the undervalued asset. Deering Companies was able to mobilize a project manage team to help the customer execute efficiently.
Deering will also assist in managing the repositioning and lease up of the asset in order to significantly enhance value.
BANIF Chooses Deering Companies to Analyze Loan Portfolio and Provide Pre-Development Advisory Services
August 2010
An affiliate of BANIF, an international bank founded in Portugal with a presence in South America, North America, Europe and Africa, retained Deering Companies to perform loan review services on a portfolio of loans secured by real estate assets located throughout the southeast United States. This is the second year that Deering Companies performs such services.
Deering will also provide development feasibility analysis services on REO vacant land, including recommendations on use and zoning research.
The assets securing the loans consist of vacant land, commercial, multifamily, industrial and mixed use properties in Miami, central and west Florida and Mississippi.
Services included valuation estimates, site inspections, market research, various financial analyses and other due diligence.
For more information visit www.Banif.pt
Downtown Miami Mixed Use Project Developers Work with Deering Capital to Structure Equity Investment
July 2010
Deering Capital prepared financial models and advised on returns, valuation and capital structure on behalf of a developer of a mixed use project in downtown Miami. The project will be located on one of downtown’s most prominent remaining vacant sites.
Developers envision the mixed use project will be focused on bringing much needed entertainment and retail to the downtown market. Deering’s future services on this project will include introduction to capital sources, key tenants and other development partners, in addition to continued financial analysis support.
Deering Capital, LLC, an affiliate of Deering Companies, is a Florida licensed Mortgage Brokerage Business that provides debt and equity placement services.
Deering Capital Sources Expansion Capital for South Dade Distributor
July 2010
Miami, FL - Deering Capital recently arranged for additional financing for a Miami-based produce grower and distributor. The financing was comprised of a business line of credit. The transaction was funded by a Miami-based community bank.
Deering arranged for financing in 2008 during a challenging capital markets environment. Since then, the distributor has experienced considerable growth and required further capital to continue its expansion. This additional tranche closed in July 2010.
Deering Capital, LLC, an affiliate of Deering Companies, is a Florida licensed Mortgage Brokerage Business that provides debt and equity placement services.
Deering Companies Expands Development Financial Modeling Services to AVE Development
June 2010
Deering Companies recently updated the development and operating proforma for AVE Aviation and Commerce Center.
Since Deering’s most recent financial modeling services in 2008, AVE has delivered a 400,000 square foot facility for the US Postal Service, a 150,000 square foot industrial building, and a 10 acre built to suit facility.
Deering used ARGUS Valuation - DCF™ to perform the analysis. ARGUS Valuation - DCF is the industry standard commercial real estate cash flow projection, transaction analysis and asset valuation solution.
AVE is a premier master planned 2.6 million square foot mixed use business park. Situated on 178 meticulously landscaped acres on the western region of the Opa Locka Airport, AVE will be home to banks, shops, restaurants, office/flex, warehouse/distribution facilities and corporate jet hangers. Adjacent to Miami Lakes, and minutes from the major highway corridors, AVE offers companies an incredible solution for their future operations.
For more information please see www.avemiami.com
IconVallarta Prepares for Closings during the Summer of 2010
May 2010
IconVallarta, the 343 unit, 3 tower condominium in beautiful Puerto Vallarta, Mexico, is scheduled to close units during the summer of 2010. Developed by the Related Group, the project is designed by Arquitectonica, with interiors designed by Yoo by Philippe Starck, will be the ultimate in luxury living in Puerto Vallarta.
Working with Fortune International International Sales, Deering Companies originally led sales and marketing efforts across all Related Group’s international projects, including business plans, staffing and launch activities. Currently, Deering is supervising financial and administrative duties for IconVallarta on behalf of Fortune Related International Sales.
Blackstone Foundation Creates National LaunchPad Model with $20 Million Pledge
April 2010
Deering Companies’ CEO and LaunchPad Advisory Board Member Irving Padron visited Detroit along with LaunchPad’s Dr. William Green and Dr. Susan Amat for the announcement of The Blackstone LaunchPad. The team met with Stephen Schwarzman, Chairman and CEO of Blackstone.
The Blackstone Foundation—the corporate foundation of the publicly traded private equity firm—has pledged $20 million to jump-start business formation in the Motor City. The grant will be used to bring LaunchPad—a program that provides emerging entrepreneurs with practical skills, networking, and advice, and concentrates its effort among undergraduates, grad students, and recent alumni—to Detroit. Since its founding at the University of Miami in 2008, LaunchPad has attracted more than 1,000 students and led to the creation of 45 businesses and 102 new jobs. “A sustained period of job growth depends on the creativity, innovation, and ultimate success of entrepreneurs in creating new businesses,” said Mr. Schwarzman.
University of Miami Manages Investment Portfolio with Help from Deering Companies
March 2010
The University of Miami retained Deering Companies to prepare its yearly valuation and forecast analyses on a key investment portfolio. Services were also performed in November 2008.
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 visit www.miami.edu
Deering Companies Teams with Commercial Broker on Office Complex
March 2010
Deering Companies worked with a leading Miami based commercial real estate broker to provide valuation and financial modeling services to a private investment group.
Deering’s cash flow projections assisted the broker in pricing the 150,000+ square foot office complex. The detailed models provided clarity during a challenging economic environment characterized by low visibility, particularly regarding valuations.
Deering Capital Provides Credit and Underwriting Services to International Distributor
February 2010
A leading Miami based distributor has outsourced its credit department to Deering Companies. Deering will provide team management, underwriting, market research, and reporting services.
The distributor has significantly increased its sales to national, regional and local retailers and expects to continue its expansion across each sector. Credit services are critical for companies that are considering significant expansion during challenging economic times. Deering Companies services will enhance the speed of the credit cycle, support sales representatives, and enhance sales volumes while assisting in protecting the client from losses.
