MAITLAND – NAI Realvest recently negotiated a new five-year lease agreement for 16,126 square feet of industrial space at 2007 Viscount Row in Orlando Central Park (top left photo) in south Orlando.
Robert Blackwell, (top right photo) SIOR principal at the firm and associate Sean DuPree CCIM, negotiated the transaction representing new tenant AA Gulf Coast Countertops LLC of Pensacola.
For more information, contact:
Robert Blackwell, SIOR of Sean DuPree, CCIM, NAI Realvest 407-875-9989; or rblackwell@realvest.com; sdupree@realvest.com;
Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com;
Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com
NAI Realvest Chairman and CommerCenters Counsel Return from Exploratory China Trip seeking Chinese Investors, Report on Economy
Livingston and Hostetter represented the Orlando based EB-5 Investment group during the journey, which included visits to Shanghai, Beijing, Wenzhou and Hangzhou in China and talks with individual investors, government, banking and development officials there.
“Until recently, China’s housing market was booming” Livingston said. “Real estate prices jumped 11.7 percent in March and April before government action cooled the market. It has since stabilized, but risk remains.”
“China is experiencing a significant real estate bubble,” Livingston reported to his investment group. “Analysts at Bloomberg and Morgan Stanley call it ‘Dubai times 1,000,’” he said.
Livingston said Chinese government officials have closely monitored the residential real estate bubble. “They aren’t so concerned with the commercial sectors. Their number one goal is to avoid social unrest, and the housing market is a key to that.”
“The primary goal of the Chinese central government is maintaining internal stability,” Hostetter said. “They are very conscious of the market. Local governments bolster their budgets by selling land to developers. The central government has curtailed this in order to land this bubble gently,” Hostetter explained.
Livingston and Hostetter are optimistic about obtaining Chinese investors who seek US visas through their proposed Regional Center in Orlando.
For more information, contact:
G. Richard Hostetter, Senior VP, Capital Markets/General Counsel, CommerCenters LLC 407-875-9989 rhostetter@CommerCenters.com;
George Livingston, Chairman, NAI Realvest, 407-875-9989 glivingston@realvest.com;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142, Lvershelco@aol.com
No comments:
Post a Comment