Saturday, August 14, 2010
TAMPA, FL, August 13, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Casa del Sol, (top left photo) a 20 unit, garden apartment property located in Tampa, FL, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.
The asset commanded a sales price of $450,000 or $22,500/unit.
Casey Babb, (lower right photo) CCIM, a Senior Investment Specialist, and Luis Baez, an Investment Specialist in Marcus & Millichap’s Tampa office, facilitated the transaction on behalf of both the Seller, a regional bank, and the Buyer, a local private investor.
Casa del Sol is a 1970’s vintage, garden apartment community located at 6001 South Dale Mabry Highway in a desirable South Tampa submarket.
The property consists of all 2 bedroom / 1 bath units which are housed in a single, 2-story block building.
Babb commented, “The Casa del Sol transaction is an example of an emerging trend in which the Buyer had formerly owned the property so he was willing to act quickly.
" In this case, the investor had sold the property in 2005 near the height of the market and was able to repurchase the property at 37.5% of the previous sales price. Because of his familiarity with the real estate, he was able to conduct a very short due diligence and closed in 30 days.”
Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700
Larry Dale, President/CEO of Orlando Sanford International Airport, Named FDOT Aviation Professional of the Year
Larry Dale, (center) CEO of Orlando Sanford International Airport, flanked by Stephanie Kopelousos, Secretary of Florida Department of Transportation, and Aaron Smith, FDOT Aviation Manager.
SANFORD, FL – Recently (Aug. 10) at the annual Florida Airports Council Conference, the Florida Secretary of Transportation Stephanie Kopelousos and Florida Department of Transportation (FDOT) State Aviation Manager Aaron Smith presented the annual aviation awards, naming Larry Dale, president and chief executive officer of the Orlando Sanford International Airport (OSIA), the 2010 Aviation Professional of the Year.
The recipient of this prestigious award has made a significant contribution to Florida aviation or made a continuing commitment to and significant achievements in Florida aviation over a period of years.
The various aspects of aviation to be considered include, but are not limited to, technological research or advancement, airport management, airport construction or maintenance, airport design, air safety, aviation legislation and Florida aviation business.
Mr. Dale, who has served as President and CEO of Orlando Sanford International (top right photo) for the past nine years, was cited for his diligent effort and success in bringing growth and development to the airport, largely due to his innovative and tenacious approach to problem–solving.
As he stated at the time, ‘Airport personnel should not be fearful of prosecution in doing what is necessary to keep people safe.’
In typical Larry Dale-fashion, he immediately enlisted the support of State of Florida Representative Scott Plakon (middle left photo) and Senator Carey Baker (middle right photo) and worked with them to draft and promote a bill entitled the Airline Safety and Wildlife Protection Act.
Airport President Larry Dale on accepting the award thanked the FDOT and noted how blessed he was to have been a part of the Haiti relief effort.
“There is just no way to explain the feeling when adoptive parents who have been united with their children come to you in gratitude and tell you that you will always be a part of their family. It’s just an incredible feeling.”
Contact: Sanford Airport Authority, Diane Crews, Phone: 407-585-4010, Email: dcrews@OSAA.net