RelatedISG International Realty, along with ISG World, launched its commercial real estate division, The Real Deal has learned.
Dirk Saecker, who specializes in commercial properties, will head the division. Before he transitioned into real estate, Saecker founded and led a travel agency and hotel marketing firm.
The announcement comes on the heels of significant commercial development in South Florida. Prices have increased for every sector of the commercial market, including multifamily, up 14.8 percent, and industrial, up 11.2 percent since last year, according to Loopnet.
“The trend in commercial real estate is if residential goes up, commercial is soon to follow and the market is reacting to that now,” Saecker said in a statement. “With this new division we’re aiming to satisfy the needs of our current agent base as well as open doors to experienced commercial agents to help meet the growing demand.”
Saecker was previously a broker and owner of All-Star Realty & Investments. He was also managing partner of Pace Charging Group, an electric vehicle infrastructure company.
ISG World is an Aventura-based real estate sales and marketing firm. Among its projects are The Residences at W Fort Lauderdale, Echo Brickell, the Crimson and Muse in Sunny Isles. RelatedISG is a partnership between the Related Group and ISG World.