Tuesday, December 22, 2009
TRUCKEE, CA– Dec. 22, 2009 – Clear Capital (www.clearcapital.com), a premium provider of data and solutions for real estate asset valuation, investment and risk assessment, today announced the appointment of Mike Ousley (top right photo) as the company’s Executive Vice President, Appraisal Group, reporting to Duane Andrews, (bottom left photo) Clear Capital CEO, and Kevin Marshall, Clear Capital President.
Working from company headquarters in Truckee, Calif., Ousley will oversee the direction and continued growth of Clear Capital’s Appraisal team responsible for providing reliable Appraisal-based and Value Reconciliation products nationwide to mortgage and lending industry customers.
“Mike’s reputation throughout the industry fits who he really is: honest, innovative, hard working and most impressively, he puts the interests of others first,” said Andrews. “We're excited Mike has joined Clear Capital. He has built a successful career by finding ways to integrate technology to achieve efficiencies that benefit everyone in the loan transaction process.”
Ousley’s professional background spans more than 30 years of real estate collateral assessment and mortgage banking. Prior to joining Clear Capital, he founded Foster Ousley Conley in 1989 and Appraisal Enhancement Services (AES) in 1994.
Contact: Heather Pond, 415.402.0230, http://www.atomicpr.com/
SOUTH DAYTONA -- NAI Realvest recently negotiated a $920,000 sale price for the 10,500 square foot former Whistle Junction restaurant building at 1854 S. Ridgewood Rd. in South Daytona.
Paul P. Partyka, (top left photo) principal and managing partner at NAI Realvest with partners, Matt Cichocki (bottom right photo) and Kevin O’Connor (bottom left photo) , based in Maitland, negotiated the transaction representing the seller Sovereign Investment Company of Palo Alto, Calif.
The property was purchased by Titusville-based SBI Leasing, Inc.
Patrick Mahoney, Principal/Chief Operating Officer, 407-875-9989
Beth Payan or Larry Vershel, Larry Vershel Communications 407-644-4142
Posted by Alex at 11:47 AM
CB Richard Ellis Announces Grand Opening of Metro 24/7 Fitness in Oak Groves Shoppes Center, Altamonte Springs, FL
Contact: Angelique Greven, 407.839.3158, firstname.lastname@example.org
Uniondale, NY (Dec. 22, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $13,987,000 loan under the Fannie Mae DUS® Loan product line for the 256-unit complex known as Angelo’s Grove Apartments (top left photo) in Marion, AR.
The loan was originated by John Edwards, (bottom right photo) Vice President, in Arbor’s full-service Boston, MA lending office. “In collaboration with Financial Federal of Memphis, TN, we were pleased with the opportunity to provide our client a refinance opportunity in this low-interest-rate environment,” said Edwards.
Press Contact: Stacey Corso, Marcus & Millichap, (925) 953-1716
PHILADELPHIA, Dec. 21, 2009 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Beechwood Gardens, (top left photo) a 160-unit, 140,000-square foot apartment complex in Philadelphia.
The sales price of approximately $10.5 million represents approximately $65,000 per unit and $75 per square foot.
The property is located at 9805 Haldeman Ave. in Philadelphia, with easy access to U.S. Route 1 and Interstate 95. Southeastern Pennsylvania Transportation Authority regional rail lines provide convenient transportation to Center City.
“This transaction indicates that buyers are anxious to take advantage of the excellent agency debt available,” adds MacLaren. “Well-priced real estate in solid infill locations will continue to generate significant buyer interest in this market.”
Press Contact: Stacey Corso, Communications Department, (925) 953-1716