Friday, June 17, 2011
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, firstname.lastname@example.org
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 email@example.com
Dennis Craven, Chief Financial Officer, (Company), (561) 227-1386
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, firstname.lastname@example.org;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, email@example.com
Stirling Sotheby’s International Realty Exclusive Marketing Agents for Luxury Alaqua Golf Front Home Priced at $575K in Longwood, FL
“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.
To view the property visit http://www.stirlingsir.com/eflyers/agents/abird/albo2.html
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; firstname.lastname@example.org or email@example.com
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142
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
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716