Friday, June 17, 2011

C&W negotiates new 10,000 sf lease for medical device company in Orlando

ORLANDO, FL – June 17, 2011– Cushman & Wakefield of Florida, Inc. (C&W) Office Brokerage Associate Joe Abascal announced AOI Medical has signed a new 10,220 sf lease in University Corporate Center (top left photo) located at 7079 University Boulevard in Winter Park.

Mr. Abascal negotiated the long-term deal on behalf of the tenant. Grubb & Ellis represented the landlord.

 AOI Medical develops innovative orthopedic medical devices for the spine and trauma markets such as their Ascendx™ system for the treatment of vertebral compression fractures.

 Contact: Brook Hines, Tel: 407-541-4401,

Chatham Lodging Announces Dividend


PALM BEACH, FL, June 17, 2011—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded select-service hotels, today announced that its board of trustees has declared a common share dividend of $0.175 for the 2011 second quarter.

 Based on the company’s common share closing price of $15.47 at the close of business on June 16, the annualized dividend represents a yield of approximately 4.5 percent. The common dividend is payable July 15, 2011, to shareholders of record on June 30, 2011.

The acquisition of the 174-room Residence Inn Pittsburgh University Medical Center is still pending.  The company’s original guidance for 2011 assumed that this acquisition would close May 1, 2011.

 The company does not expect this hotel acquisition will close until after the second quarter.  The impact of the delayed closing reduces Chatham’s original estimated 2011 second quarter FFO per share of $0.03. 

The company will provide updated guidance that takes into consideration the significant pending investments as soon as practicable after the Plan of Reorganization of Innkeepers USA Trust has been approved by the U.S. Bankruptcy Court, which is expected to occur on June 23, 2011.

Jerry Daly, Carol McCune, Daly Gray Public Relations, (Media), (703) 435-6293
Dennis Craven, Chief Financial Officer, (Company), (561) 227-1386  


Crossman & Company Names Craig A. Katterfield Senior Associate

ORLANDO, FL --- Crossman & Company, the Orlando-based commercial real estate company that ranks as one of the largest retail property management, leasing and development companies in the Southeast, has appointed Craig A. Katterfield (top right photo) a senior associate. 

John Crossman, president of Crossman & Company, said Katterfield is a graduate of the University of Central Florida and has more than five years of real estate experience. 

During his career he has focused on management of client relationships, lead generation and relationship development, landlord and tenant representation, transactional services, direct marketing and target tenant identification, strategic investment analysis and market review for acquisition and disposition of commercial property.

“Craig Katterfield is an outstanding associate and we are delighted he has joined the Crossman team,” Crossman said.

For more information, contact:
John Crossman, CCIM, President, Crossman & Company, 407-581-6218,;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142,

Stirling Sotheby’s International Realty Exclusive Marketing Agents for Luxury Alaqua Golf Front Home Priced at $575K in Longwood, FL

ORLANDO, FL --- Stirling Sotheby’s International Realty recently listed a luxury home for sale on a one-acre golf and water view homesite in Alaqua (top left photo), the exclusive Seminole County country club community located off Markham Woods Road just south of Lake Mary Blvd. in Longwood. 

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said the 5,174 square foot home has been priced for prompt sale at $575,000 in a community where several homesites on the golf course are currently listed from $575,000 to $725,000 each.

  In recent years golf front homesites have sold in the $750,000 to nearly one million dollar range, Soderstrom said.

“This offering is unique because the buyer will not only be getting a prime lot on the award-winning Gary Player designed 18-hole golf course, but also a luxurious residence with four bedrooms, three-and-a-half baths, a light and airy open floorplan, spectacular water and golf views and an entertainment size pool with covered patio.

Stirling Sotheby’s International Realty’s International Luxury Home Specialists Bo Cooksey (middle right photo) and Alan Bird (lower left photo) are representing the property.

“I don’t think we’ve ever seen a bargain of this significance in Alaqua,” said Soderstrom.

Bordered by the Little Wekiva River with a gated and manned 24-hour guarded security entrance and well-lighted, tree-lined streets, Alaqua Country Club is Seminole County’s premier luxury neighborhood.   “This is truly an unbelievable opportunity.”

For more information, contact: 

Bo Cooksey or Alan Bird, International Luxury Home Specialists, Stirling Sotheby’s International Realty, 321-276-7322 or 407-432-8303; or
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890 
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 

Marcus & Millichap Facilitates Sale of Millennium Pointe in Orlando, FL for $4.55 Million

ORLANDO, FL,  June 17, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a Millennium Pointe (top left photo), a 200-unit apartment community located in Orlando, Fla. according to Bryn Merrey, Vice President/Regional Manager of the firm’s Tampa office.

The property commanded a sales price of $4,550,000 which represents $22,750 per unit.

Senior Vice President Investments Evan P. Kristol and Still Hunter, III of the firm’s Fort Lauderdale office and Associate Michael Donaldson of the Tampa office represented the seller of the property, a limited liability company from Miami, Fla. The listing agents also secured the buyer of the property, a limited liability company from Lafayette, LA.

“The buyer will benefit from the upside through increasing rents and occupancy.  Millennium Pointe’s in-fill location has strong appeal to prospective residents due to its proximity and easy access to the largest attractions and employment centers in the surrounding area,” says Hunter.

Millennium Pointe Apartments was constructed in 1975 and is fully fenced with a card entry system.  Its amenity package includes: a clubhouse with business center and fitness center, a large pool with an expansive sundeck and a playground. The property is located at 4255 Barwood Drive in Orlando, Fla.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa
(813) 387-4700

Prime $11.25 Million Beekman Place Property Hits Market in Manhattan

NEW YORK, N.Y. – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has been selected to sell 32 and 34 Beekman Place (top left photo) in Midtown Manhattan. The property, located between 50th and 51st streets, is on the market for $11, 250,000.

Peter Von Der Ahe (lower right photo), a vice president investments; senior associate Joe Koicim; and David Lloyd, an investment specialist in the Manhattan office of Marcus & Millichap; were hired to exclusively market the property on behalf of the seller, a private investor. 

The property includes two contiguous buildings and occupies 67 feet of frontage on Beekman Place. One building has five stories and nine units, while the second building is a six-story elevator-asset with eight units, including a two-bedroom penthouse with view of the East River. 

“All 17 units have market-rate rents and currently command an average monthly rent of $2,550,” says Von Der Ahe. “The leases are scheduled to expire by the end of August, making the property idea for conversion into a townhouse or live-plus income opportunity on one of the most exclusive blocks in Manhattan.”

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716