Press Releases

Larry Roberts Appointed Director of the Bahamas Property Fund (BPF)

Larry Roberts

Larry RobertsWe are pleased to announce that Larry Roberts, NAI Bahamas Realty Commercial consultant & broker, has been appointed Director of the Bahamas Property Fund (BPF). Congratulations Larry Roberts!

Mr. Roberts is a past president of The Bahamas Real Estate Association and a member of the Society of Industrial & Office Realtors (SIOR). Mr. Roberts recently retired as the CEO of Bahamas Realty Ltd./NAI Bahamas Realty Commercial and continues to specialize in the sale and lease of commercial property throughout the Bahamas at NAI Bahamas Realty Commercial.

Read more about the appointment here: https://bit.ly/2MTIbDV

NAI Bahamas Realty Commercial negotiates major lease of New Corporate Center.

Ground Breaking at Caves Corporate Center

Ground Breaking at Caves Corporate Center

Ground Breaking at Caves Corporate Center. L-R: Larry Roberts, Consultant/Director, Bahamas Realty; Toby Hayes, Development Mana

NASSAU, BAHAMAS – August 7, 2019 – NAI Bahamas Realty Commercial, the commercial division of Bahamas Realty and a member of the world’s premier managed network of commercial real estate firms, announced today a lease at the new Caves Corporate Center making Ernst & Young (EY), the anchor tenant of the western 25,000 square foot office building

Caves Corporate Center is currently under construction by Mosko United Construction Company Limited on the corner of West Bay Street and Blake Road. Only the 7,000 sq. ft. ground floor remains available for rent, represented by NAI Bahamas Realty Commercial.

“We’re pleased to have had a hand in helping EY find a new location for their offices in the fast-growing Western district of New Providence,” said Donald Martinborough, CEO of NAI Bahamas Realty Commercial. “This is a great location for this prestigious firm.”

The office is one of two buildings being built next to Caves Village which houses numerous restaurants, shops, a fitness centre, childcare facilities, businesses and banking facilities. In addition to the many residential developments nearby, including the Caves Point and Caves Heights residences, Blake Road has seen an increase in commercial office development and has become the hub of medical services in the west.

“This lease is the latest of several recent major transactions we’ve represented in the Capital,” said Martinborough. “We’re seeing a trend of businesses seeking locations which suit their employee’s lifestyle and taking into consideration nearby amenities and services that appeal to their workforce when making the decision to move or expand. This trend mirrors what is happening globally and shows positive growth in the Bahamian business sector.”

Bahamas Realty Vice President, CEO Larry Roberts Steps Down, Donnie Martinborough Named CEO

Donald Donnie Martinborough & W. Larry Roberts

Bahamas Realty announced today that W. Larry Roberts, a two-term president of the Bahamas Real Estate Association and visionary leader who pioneered many of the firsts in the real estate industry, has stepped down as Vice President and CEO after a career that spanned nearly half a century. Mr. Roberts will remain a director and consultant [...]

Property Sales increase Despite Soft Economy

Bahamas Realty Team

Bahamas Realty Team

Bahamas Realty Ltd. announced today that the firm realized a gross sales increase of nearly 60% in real estate sales, and an almost 80% increase in gross commissions in 2016 over the same period in 2015, despite a soft economy. “We are delighted to see that sales increased so significantly this past year,” said CEO Larry Roberts. “While the economy has been slow to improve, this tells us that there is still demand for housing and commercial property in the Bahamas.” However, with an increase in inventory, today’s savvy buyer is more discerning. “What we are seeing is that building a relationship of trust is key to consumer confidence. Expertise and top notch service are our hallmark, and our team goes above and beyond to truly take the time to understand our client’s needs,” explained Roberts. The real estate market continues to shift, and with it Bahamas Realty continues to create new opportunities for its clients. “Our job as a brokerage firm is to ensure that our agents are given the marketing tools, office support and education they need to stay current with market conditions,” said Roberts. “We provide a host of educational opportunities through leading edge online educational courses and support for industry designations and global conferences,” said Roberts. Bahamas Realty has remained on the cutting edge of technology, investing in tools that help clients feel connected to every aspect of the transaction. Recently the company announced that they had begun offering 3D video tours which allow buyers to “walk” through a space in virtual reality even before they have an opportunity to see the property in person. “Bahamas Realty is known for its great reputation and high standards of integrity,” said Roberts. What that means for today’s real estate buyer is transparency in the process, communication and above average service. Roberts ads, “This year has shown us that we are on the right path, and we are grateful to our whole team and to our valued clients.”

NAI Global Regional Conference in Nassau

NAI

NAINassau, Bahamas--Top realtors from nine countries are in Nassau to attend the NAI Global Regional Conference hosted by NAI Bahamas Realty Commercial, the commercial division of Bahamas Realty Limited, according to Larry Roberts, CEO of both Bahamas Realty and NAI Bahamas Realty.

The Honourable Khaalis Rolle, Minister of State for Investment in The Office of The Prime Minister, is slated as the guest speaker for the Conference luncheon on Friday. Delegates are attending from The Bahamas, USA, Mexico, Panama, Peru, Brazil, Argentina, Jamaica and Dominican Republic. Mr. Roberts, SIOR, said he expects the conference to "solidify the contacts in the NAI Global network particularly as it relates to the Caribbean and Latin American countries, and to strengthen contacts.” Mr. Roberts said he was "honoured, to host this regional conference particularly as we are relatively new members of this extraordinary group. NAI Global is one of the world's leading providers of commercial real estate services."

NAI President Jay Olshonsky presented the NAI Global President's Award at the NAI Commercial Real Estate Conference in Las Vegas, Nevada, to Larry Roberts for his "leadership, participation, initiative and cooperation in fostering the interests of NAI Global between members," and his “contribution to the leadership role in Latin American and Caribbean division.“ More than 700 North American commercial real estate leaders, plus 70 from the Latin American and Caribbean area, attended the event at which Mr. Roberts was honoured.

In Latin America & The Caribbean NAI Global is the foremost and largest Commercial Real Estate Service Provider with 33 offices in 13 countries, offering services from traditional brokerage to MAI Appraisal, Lease Administration, Portfolio Management and Audit, Investment Services, Hospitality Consulting, Logistics/Supply Chain Solutions, Project Management, Design Build and Sustainability LEED Design Consulting, among others.

NAI Global is one of the world's leading providers of commercial real estate services with a Network of 5,000 professionals and 350 offices in 55 countries. Mr. Roberts points out that his company's mission statement sums it all up, "NAI Bahamas Realty Commercial ... Corporate Real Estate Solutions for a world that demands real world results". He adds, "When you are dealing with Bahamas Realty and NAI Bahamas, our commercial division, you are dealing with the whole NAI Global group, the top independent realtors in 55 countries with $45 Billion in transactions annually. We manage more than 300 million square feet of commercial space. But, we also know, appreciate and can meet your local needs."

Bahamas Realty Commercial joined NAI Global two years ago, as its exclusive member for The Bahamas. The well known Bahamas Realty Commercial Division is now known as NAI Bahamas Realty Commercial giving its customers global reach in marketing and sales.

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