Friday, July 3, 2015

Crossman & Co. brokers New London Professional Park in Snellville, GA


Beau Moultrie
Atlanta, GA – Crossman & Company recently arranged the $1.2 million transaction of New London Professional Park in Snellville, Ga. to Shalom New London, LLC.

The 31,338-square-foot office center is located at 2301 Henry Clower Boulevard, within close proximity to City Hall, restaurants and shopping. It was 72 percent occupied at the time of the sale.

Crossman & Company Associate Beau Moultrie represented Wells Fargo Bank, who sold the property to Shalom New London, LLC.

“We have enjoyed working with Shalom New London, LLC on this very important property and look forward to working with them again in the future to expand their portfolio,” Moultrie said.

For a complete copy of the company's news release, please contact:

Sydnie Cobb
Crossman & Company

407.581.6261

C.T. Hsu + Associates Hires Three New Employees in Orlando, FL


Nathan Ferrer
ORLANDO, FL – C.T. Hsu + Associates announces it has hired three new employees.

Nathan Ferrer is an Architectural Intern with the firm. Nathan is the firm's second graduate hired from the 2+2+2 architectural program that offers every step of an architectural education in Central Florida housed facilities. Nathan completed his Associates' degree at Valencia, his Bachelor's degree at the University of Central Florida, and earned his Master's degree at the University of Florida at the Orlando CityLab. Before becoming a full time employee in May, Nathan worked for CTH+A on a part-time position for over a year.


Harry Sempeles
 CTH+A welcomes Harry Sempeles back to the firm as a Senior Project Manager. This is the second time that Harry has been employed by CTH+A. In 2001, he worked for CTH+A as Project Architect, and was part of team that designed several higher education and K-12 projects. Upon his return to CTH+A, he has 20 years of experience, and his design portfolio includes higher education, K-12 education, commercial, government, healthcare, and residential projects. He holds a Master of Architecture and a Bachelor of Design from the University of Florida.

Sydney Chappell
 Sydney Chappell is an Administrative Assistant with the firm. Sydney's previous experience was with Central Florida commercial businesses where she provided front desk responsibilities and office management activities. She has significant volunteer experience working with children throughout Central Florida, and she holds an Associates of Arts degree from Valencia College. She is a welcome addition to the CTH+A Team. Along with her administrative duties, she will be supporting the Marketing, Construction Administration, Design, and Accounting Departments.




For a complete copy of the company’s news release, please contact:

C.T. Hsu + Associates, P.A. | 820 Irma Avenue | Orlando | FL | 32803

Thursday, July 2, 2015

Bryan Sullivan Joins The Habitat Company as Vice President of Acquisition and Investment

                                                                                   

Bryan Sullivan
CHICAGO, IL – The Habitat Company, a leading multifamily property developer and manager in the U.S., announced that real estate investment veteran Bryan Sullivan has joined the firm as vice president of acquisition and investment.

In his new role, Sullivan will be responsible for the development and execution of real estate investment strategies at The Habitat Company. 

“Bryan will play an integral role in furthering our plans to grow Habitat through the acquisition of both new development sites and existing properties that will add to our growing portfolio of apartment communities across the U.S.,” said Matt Fiascone, president of The Habitat Company.

“His demonstrated track record in acquisitions, investment strategy, and equity and debt sourcing will prove invaluable as we continue to expand our platform and further our commitment to excellence.”

For a complete copy of the company’s news release, please contact:

Cara Mooses, cmooses@taylorjohnson.com, 312.267.4523

Kim Manning, kmanning@taylorjohnson.com, 312.267.4527

Englewood Construction Completes Seven Retail Projects


William Di Santo
CHICAGO, IL – Englewood Construction, one of the country’s leading commercial construction firms, announces its retail group has recently completed seven projects throughout the United States.

“We’re pleased to report it is officially high-growth time in retail construction as the economy continues to improve and businesses look to expand their footprints as well as refresh their current locations,” said William Di Santo, president of Lemont, Ill.-based Englewood Construction.

“We had an extremely busy winter and spring construction season and were able to stay on schedule despite some harsh weather conditions. Now, with these completed projects in the books, we see that positive momentum continuing as more of our clients plan for summer and fall construction projects.”

For a complete copy of the company’s news release, please contact:


Sarah Lyons, slyons@taylorjohnson.com, 312-267-4520

NAI Realvest completes New, Renewal leasing at Airport and Oviedo Commerce Centers totaling more than 11,900 square feet


George Viele
ORLANDO, FL– NAI Realvest recently negotiated industrial leases totaling 11,945 rentable square feet at Commerce Centers located in Orange and Seminole counties. 

George Viele, associate at NAI Realvest, brokered a lease agreement representing Landlord Oviedo Commerce Center LLC of Winter Park for both an extension of 4,800 square feet occupied by Tenant New Dimensions Dance Academy, Inc. and their new lease of 2,345 square feet for expansion totaling 7,145 square feet at the commerce center located at 2462 W. SR 426 in Oviedo.    
  
Jason G. Toll, director of the Industrial Services Group at NAI Realvest, represented the new Tenant Automatic Airflow Balancing in the lease of 4,800 square feet at Airport Commerce Center, 1629 Prime Court off South Orange Ave. and Sand Lake Rd. in Orlando.

 Landlord Buckhead Airport Commerce Center LLC was represented in the transaction by Jared Bonshire of Cushman & Wakefield.

For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan,  Larry Vershel Communications 407-644-4142 lvershelco@aol.com.


NAI Realvest Negotiates $790,000 Sale of Seven Acre Multifamily Development Site in Casselberry, FL


Jason G. Toll
ORLANDO, FL — NAI Realvest recently negotiated a $790,000 sale price for a 7.14 acre multifamily site across from Legacy Park on Seminola Blvd in Casselberry, FL.

Jason G. Toll, director of industrial services at NAI Realvest, negotiated the transaction on behalf of the seller Lake Helen based Casselberry Investment Properties, LTD..

Orlando-based RM Plus is the buyer who plans to build garden style homes on the site. Nohora Gomez of Weichert Realtors represented the buyer in the transaction.


For a complete copy of the company’s news release, please contact:


Larry Vershel or Beth Payan,  Larry Vershel Communications 407-644-4142 lvershelco@aol.com.


Berkadia negotiates $4 million sale of apartment community in Mobile, AL


Woodland Square Apartments, Sage Avenue and Airport Boulevard, Mobile, AL

Josh Jacobs
Birmingham, AL and Mobile, AL – Berkadia, one of the nation’s largest and most active multifamily investment sales companies, recently negotiated the $4 Million sale of Woodland Square, a 128-unit apartment community on Sage Ave. and Airport Blvd. in Mobile.

Josh Jacobs, investment sales associate at Berkadia along with partner David Oakley, negotiated the transaction representing an Alabama-based seller.

Jacobs said the property, which new ownership is rebranding as “Midtown Sage Apartments,” was built in 1974 and renovated in 2013-2014. The California-based purchaser assumed the existing Fannie Mae loan on the property.

Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.

For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan,  Larry Vershel Communications 407-644-4142 lvershelco@aol.com.


$7M JLL Hangar Sale Shows Phoenix Aerospace is Flying High


The Hangars at 5615,  5615 S. Sossaman Road, Mesa, AZ

Bill Honsaker
PHOENIX, AZ – The Phoenix office of JLL has closed the $7 million sale of The Hangars at 5615, a major, state-of-the-art office and hangar facility with direct runway access to Phoenix Mesa-Gateway Airport, the hub of Phoenix’s up-and-coming aerospace corridor.

Although the property is currently 100 percent vacant, it is being acquired by an investor with an expected commitment for approximately half of the space.

“At 73,826 square feet, this is one of the largest hangar facilities on the West Coast,” said JLL Managing Director Bill Honsaker.

“The Hangars’ new owners have had strong tenant interest from the very beginning of this process, and we expect that interest to continue as they lease out the building.

“The unique amenities of this project, the growth of Phoenix-Mesa Gateway Airport and the growth of Arizona’s aerospace sector as a whole have put them in a great position.”

Honsaker, along with JLL colleagues Steve Larsen, Riley Gilbert, Tom Turley and Jordan Kissel, represented the property seller in the transaction. CRESA represented the property buyer, Southwest Jet Center.

Steve Larsen
The Hangars at 5615 is located at 5615 S. Sossaman Rd., at the north entrance of Phoenix-Mesa Gateway Airport in Mesa, Arizona.

 Built in 2007 and 2008 as a full-service Maintenance, Repair and Overhaul (MRO) facility for former jet aircraft producer Hawker Beechcraft, the 73,826-square-foot project includes approximately 22,900 square feet of high-end office space flanked by two, fully air-conditioned hangars totalling 25,800 and 25,140 square feet.

Other features of the building include a contemporary main lobby, executive offices, conference rooms, a kitchen and locker rooms. 

The hangar space features 28’ door heights, 159’ door openings, a Compressed Air Foam (CAF) fire suppression system and HVLS fans throughout. The 5.6-acre site includes adjacent land for expansion.

“The Gateway Airport submarket is growing, and Phoenix aerospace companies are growing as well,” said Gilbert. “This site accommodates both of those very positive trends.”

Phoenix-Mesa Gateway Airport is a developing international aerospace center now hosting more than 40 companies such as Embraer, Cessna and Able Engineering, and contributing $1.3 billion annually to the Arizona economy. 

It offers three runways averaging 10,000 square feet and is situated within Foreign Trade and Military Reuse zones providing savings in property taxes and transaction privilege taxes, and offering job tax credits and job training funds.

For a complete copy of the company’s news release, please contact:

Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195

EagleBridge Capital Arranges $7.5Million Mortgage for the Vanderbilt Portfolio in Norwood, MA


Ted M. Sidel
Boston, MA -- EagleBridge Capital has arranged permanent mortgage financing in the amount of $7,500,000 for four buildings located on Vanderbilt Avenue, Norwood, Massachusetts. 

The mortgage financing was arranged by EagleBridge principals Ted. M. Sidel and Brian D. Sheehan who stated that the loan was provided by a leading financial institution.

The four buildings, totaling 149,550 square feet, are located in the Park Place Industrial Park and include 36-76, 45, 190-196, and 375 Vanderbilt Avenue. 

  The buildings include the Vanderbilt Club, a health and fitness club, and three single story flex buildings.

Brian D. Sheehan
The buildings are leased to a wide variety of national, regional, and local restaurant, medical, office, showroom, and light industrial tenants.  

Tenants include: Office Gallery International, Subway, Orange Leaf Frozen Yogurt, Comcast, International Auto Parts, Exide Technologies, Home Theater Concepts, the Vanderbilt Club, and the Neponsit Valley Chamber of Commerce.

In addition, EagleBridge Capital also recently arranged mortgage financing for 340-346 Vanderbilt Avenue, a 65,000 sf single story, light industrial building, which is 100% leased to a diverse group of companies.

 Tenants include Atlantic Technology, Prize Possessions, Hill-Rolm, Makita, and Revolution Composites.

Mr. Sidel and Mr. Sheehan stated, “We are pleased that EagleBridge was able to structure long term flexible financing at a very attractive rate.”

36-76, 45, 190-196, and 375 Vanderbilt Avenue
Norwood, MA
EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for industrial, office, and r & d buildings,  shopping centers, apartments, hotels, condominiums and mixed use properties as well as special purpose buildings.


For a complete copy of the company’s news release, please contact:


Stan Sidel                                                                  

RealtyTrac Reports All-Cash Share of U.S. Home Purchases in May Drops to Lowest Level Since November 2009


Craig King
IRVINE, CA, July 2, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its May 2015 U.S. Home & Foreclosure Sales Report, which shows 24.6 percent of all single family home and condo sales in May were all-cash purchases, down from 28.5 percent in the previous month and down from 30.4 percent a year ago to the lowest level since November 2009.

The cash sales share in May was close to its long-term average going back to January 2000 of 24.8 percent and well below its recent peak of 42.2 percent in February 2011.

“For the potential first time homebuyer or move up buyer this is a good time to move ahead,” said Craig King, COO at Chase International brokerage, covering the Lake Tahoe and Reno, Nevada, markets.

“Interest rates remain historically low, and the outlook for price appreciation is great. The competition in the market place is also different. 

“While inventory is tight many investors have dropped out of the market and cash deals are not as prevalent as they were. Even in multi-offer situations much has been equalized. This is great news for first time buyers.”

For a complete copy of the company’s news release, please contact:

Ginny Walker
949.502.8300, ext. 268

Jennifer von Pohlmann
949.502.8300, ext. 139