Mike Milano | Colliers International | Tampa

Mike Milano

CCIM, MAI

Executive Managing Director

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About

Professional Summary

Mike Milano, CCIM, MAI, is a Managing Director and has been with Colliers for 20 years. Mike has sold retail properties throughout Florida, and is consistently a top producer having sold in excess of $2.0 billion since joining Colliers. Holding both a CCIM and MAI designation is a rare accomplishment and speaks to Mike’s skill as a professional. Mike oversees retail investment sales throughout Florida, providing acquisition and disposition services to institutional and private clients.

Mike specializes in the sale of credit anchored shopping centers, lifestyle centers, enclosed malls, freestanding, net-leased retail and redevelopment properties. Mike has formed strategic alliances with mortgage brokers and lenders active in today’s market. This helps provide clients with access to both debt and equity.

Mike also has extensive experience assisting private clients, lending institutions and special servicers with disposition and workout solutions for challenging assets as well as performing and non-performing debt.

Accomplishments

Mike traditionally represents sellers and enjoys a long history of repeat client business. Mike has sold retail properties throughout Florida, and is consistently a top producer having sold in excess of $2.0 billion since joining Colliers.

 

A sample of Mike’s institutional clients include: Nationwide Insurance, AEGON USA, Equity One, Grosvenor (formerly Legg Mason), Jupiter Real Estate, John Hancock Life Insurance, Developers Diversified, Coventry Real Estate Advisors, CW Capital and LNR Partners.

 

As a seller’s representative, Mike often exceeds his client’s expectations, even with challenging properties. This accomplishment is attributable to Mike’s aggressive and proactive marketing program, in-depth knowledge of the market and extensive registry of retail investment buyers. All these facets (pro-active marketing plus access to debt and equity), along with the Colliers International platform, provide worldwide reach and local expertise to produce total client success.

Education

·   B.A. degree with honors from the University of Texas.

·   Owned and operated real estate brokerage, appraisal and consulting company.

Services

Service Lines
Capital Markets
Property Type
Retail
Featured Research
Nov 10, 2020
Activity & Optimism Returns
After months of little to no activity, the Tampa Bay retail market has begun its rebound. The global pandemic has impacted nearly every retail market across the country and the Tampa Bay retail market was not shielded from those effects either. However, the true impacts of the pandemic have yet to be seen locally, as overall market stats continue to remain nearly unchanged. Vacancy remains relatively healthy at 6.4 %, unchanged from the previous quarter and only marginally up from a low of 6.1 % that was experienced this time one year ago. As the market moves forward, it’s expected that vacancy will remain relatively flat as a mix of tenants that unfortunately will exit the market will be backfilled with those taking the current environment as an opportunity to expand and gain market share. During the quarter over 160 transaction occurred, up from 109 in the previous quarter, but still below the average of 180 that occurs each quarter.
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Apr 29, 2020
Challenges Ahead, Opportunities Will Arise
The first quarter of 2020 will forever be marked as one of the most dynamic quarters in history for the retail market in greater Tampa Bay. As the 2020 year began, activity throughout (sales, leasing, construction) remained brisk, with submarkets like South Tampa, Saint Petersburg and Wesley Chapel having experienced increased demand and activity. The food and beverage segment of retail was the driving force behind much of the activity. Interest rates were at near all-time lows, providing cost-effective financing that helped to bolster and carry on the 10-year record growth experienced throughout Tampa. Unemployment in the region, the lowest in recent history and well below the national average, was championed by many in the local market.
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Featured News
Mar 2, 2020
4th Street retail center sells for $2.9 million
The 4th Street corridor in St. Petersburg continues to be a very hot real estate market, a leading broker says, citing his latest deal as evidence.
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Aug 16, 2017
Publix-anchored retail property in Riverview sells for $21.7M
Colliers International Tampa Bay has handled the sale of Rivercrest Commons, a 73,400 square-foot shopping centre in the Riverview submarket of Tampa.
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Aug 16, 2017
Retail center on St. Petersburg’s Fourth Street sells for $7.2 million
Colliers International Tampa Bay has handled the sale of a 15,078 square-foot retail center on St. Petersburg's Fourth Street North for $7.2-million.
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