Miami-Dade commercial brokerage lands top 3 brokers from rival, acquires another firm

A Hialeah-based commercial realty firm more than doubled in size after it acquired a boutique agency in Broward County and recruited three agents from a rival brokerage.

Frank Trelles, formerly the vice president of Doral-based State Street Realty, joined Vivo Real Estate Group as an executive managing director. Coming with him are two members of Trelles' leasing team: Jason Gonzalez and Brandon Careaga.

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A veteran of South Florida industrial market for the past 18 years, Trelles was named as a finalist for Dealmaker of the Year in the South Florida Business Journal's Structures Awards.

In addition, Vivo absorbed Jacog Advisors, a Doral brokerage headed by Francisco Giron that specializes in commercial leasing and sales in the areas of retail, office and industrial. Giron is now Vivo Group's managing director. Other members of Giron's team who joined Vivo include Martijn Rentema, Pierre Martinez, Raquel Riano, Marlene Ruano, and Rachelle Fernandez.

With the acquisitions, Vivo Real Estate Group now has an office in Coral Gables, Hialeah, and downtown Fort Lauderdale. Vivo, led by CEO Rene Vivo, also more than doubled its team of brokers and staff from eight to 20.

"Coming together to create this dream team of proven professionals at this unique moment of growth in South Florida ... positions Vivo to continue providing the best services in this space, while growing in tandem with the demand for industrial space in our market," Vivo stated.

Founded in 2002, Vivo Real Estate Group has executed more than $2.5 billion in commercial sales and leases.

South Florida's real estate industry grew busier in the wake of the pandemic shutdowns thanks to an influx of high-income households from other parts of the US. in search of a place business-friendly atmosphere, better weather, and no income or estate taxes.

While South Florida's real estate sector has cooled somewhat, it's still a busy market that has encouraged brokerages to recruit agents from competing companies. Back in January, Cushman & Wakefield managing principal Gian Rodriguez joined CBRE's Miami office as its managing director.

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