Wednesday, August 10, 2011

NAI Realvest Negotiates Long Term Lease of 3,490 SF Former Auto Service Building on Silver Star Road. in Orlando, FL

MAITLAND, FL.  - NAI Realvest recently negotiated a new five-year lease agreement for the 3,490 square foot building located at 6150 Silver Star Rd. in Orlando. The building was previously occupied by an auto service firm.

Matt Cichocki (top right photo) and Kevin O’Connor (lower left photo), principals at NAI Realvest negotiated the transaction representing the landlord.  

The new tenant, Cheaper to Keep-er is an auto service business relocating to the Silver Star Rd. site from Apopka and they plan to be open for business by September. 

For more information, contact:  
Matt Cichocki or Kevin O’Connor, Principals, NAI Realvest, 407-875-9989;;;   
Patrick Mahoney, President, NAI Realvest, 407-875-9989;   
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 

Stirling Sotheby’s International Realty Named Exclusive Broker for Unusual 40-Acre Lakefront Estate near Orlando

 ORLANDO, FL. --- Stirling Sotheby’s International Realty has been named as exclusive brokers for a unique $4.25 million 40-acre estate on pristine Lake Lizzie on the Chain of Lakes in Osceola County near Orlando.

  The estate includes some very unusual features: zebras, Ankole-Watusi cattle, water buffalo, and miniature donkeys in addition to horses that roam the property.

Stirling Sotheby’s International Realty’s LR Team (Luxury Rooftops) of Dan Natoli (middle right photo)and Carolyn Burgiel (lower left photo) are representing the property which is listed for sale at $4,250,000.

The Parade of Homes award-winning, Spanish Mediterranean country estate features 8,863 square feet of living space in the main house, which was built in 2007, Natoli said.

The property includes 1,224 feet of lake frontage, a waterside gazebo and private dock with jet ski and boat lifts, he explained, adding “The entire property is gated, beautifully landscaped and is surrounded by wooden fencing and cross-fenced for pastures and corrals.”

Burgiel said the gourmet kitchen opens onto the family entertainment area with views of a resort-style pergola and tropical pool with splash pad, waterfall, slide and stone bridge that is surrounded by lush tropical landscaping.

 “In addition to the main estate home, the property includes a private pond with fishing pier, stable master’s suite and a spacious caretaker’s residence that could also be used as an in-law residence or guest house,” Burgiel said.

Additionally the property has future development potential for lakefront lots, according to Soderstrom.

“This is truly a one-of-a-kind property and one of the most unique properties we have ever offered for sale,” Soderstrom said.

To view a video of the property, visit

 For more information, contact: 
Carolyn Burgiel, Sales Executive, LR Team/Stirling Sotheby’s International Realty 407-581-7890
Dan Natoli, Sales Executive, LR Team/Stirling Sotheby’s International Realty 407-581-7890
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890,
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 

Stirling Sotheby’s International Realty Sells Two Luxury Homes at Bella Collina in Lake County, FL for More than $1.6 million in July

ORLANDO, FL --- Stirling Sotheby’s International Realty recently closed on sales of two luxury homes at Bella Collina (top left photo) the Lake County luxury community located near Monteverde, that total more than $1.6 million.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said International Luxury Homes Specialists Dan Natoli (lower right photo) and Carolyn Burgiel (lower left photo) represented both sellers.

The sales included a luxury builder model home at 15919 Vetta Drive at Bella Collina for $850,000. The four bedroom home with 4,845 square feet of living space also offered a three-story elevator, Tuscan foyer, gourmet kitchen and courtyard.

A two-story luxury home at 17123 Etruscan Ln. in Bella Collina sold for $799,000.  The 6,200 square foot home offered five bedrooms, large master suite with his and hers full baths, formal entertaining area, four-car garage, bonus room and outdoor area.

“Bella Collina continues to attract buyers from around the world and is gaining much more interest from people here in Orlando,” Natoli said.

For more information, contact: 
Carolyn Burgiel, Sales Executive, LR Team/Stirling Sotheby’s International Realty 407-581-7890
Dan Natoli, Sales Executive, LR Team/Stirling Sotheby’s International Realty 407-581-7890
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890  
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 

Cambridge Provides $8.6 Million HUD Lean Loan to Refinance Centralia Manor Skilled Care Nursing Home in Centralia, IL

 CHICAGO, IL--An $8.6 million HUD Lean Loan arranged by Cambridge Realty Capital Companies has refinanced Centralia Manor (top left photo), a 120-bed skilled care nursing home in Centralia, Ill.

Chairman Jeffrey A. Davis (lower right photo) said the fully-amortized, 35-year term first mortgage loan was arranged for the owner, an Illinois limited liability company.

Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that underwrites FHA-approved HUD loans, used the HUD 232 pursuant to Section 223(a)(7) funding program to refinance the property.

The interest rate was not disclosed.

Evan Washington
Phone: (312) 521-7604
Fax: (312) 357-1611

HFF closes sale of and arranges debt and equity for west Houston office portfolio


HOUSTON, TX – HFF announced today that it has closed the sale of and arranged acquisition financing and joint venture equity for a five-property office portfolio in West Houston.

HFF’s investment sales team marketed the portfolio exclusively on behalf of the seller.  Peloton Capital  Partners purchased the properties for an undisclosed amount.

HFF’s debt placement team secured fixed-rate acquisition financing on behalf of Peloton through NexBank and joint venture equity through an Austin-based real estate private equity firm.

The portfolio totals 347,272 square feet and is 78 percent occupied overall.  The portfolio is comprised of: 1250 Wood Branch and 11931 Wickchester in Houston’s Energy Corridor submarket and 10200 Richmond and 2950 and 3030 South Gessner in Houston’s Westchase submarket.

 The HFF team representing the seller was led by associate director Martin Hogan (top right photo) and senior managing director H. Dan Miller (middle left photo).

HFF managing director Steve Heldenfels (lower right photo)  represented the borrower in arranging the acquisition financing and joint venture equity.

Peloton opened its doors in 2002, with decades of combined experience in Dallas/Fort Worth commercial real estate already behind the firm. Since then, the Peloton portfolio has grown to more than 18.8 million square feet of leased and/or managed properties.

H. Dan Miller, HFF Senior Managing Director, (713) 852-3500,       Steven Heldenfels, HFF Managing Director, (214) 265-0880       
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, 

Marcus & Millichap Arranges Whole Mortgage Loan Sale in Philadelphia

 PHILADELPHIA, Aug. 9, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of the School Lane House Apartments’ (top left photo) whole mortgage loan. The sales price of the whole mortgage loan has not been disclosed.

Mark Thomson (middle right photo), an associate vice president, and Zachary Pierce, a multifamily investment specialist, represented the seller, an East Coast-based commercial bank, and procured the buyer, a JV between Philadelphia-based Resource Real Estate and a Northeast-based private hedge fund.

Resource Real Estate specializes in distressed real estate and has an ownership interest in and manages a real estate portfolio with an aggregate value of approximately $1.6 billion, which includes more than 21,000 apartment units and one million square feet of office, retail, industrial and hotel space nationwide.

 “We were hired to find an all-cash buyer in 35 days,” says Thomson. “We streamlined the marketing process to ensure that all of the due diligence was completed up front. We conducted 27 property tours, generated 16 offers and closed on time at the price that the bank was looking for as a result of the competitive process,” adds Thomson.

 “We were able to effectively market the transaction to a combination of institutional and private equity groups across the country,” continues Thomson. “Buyer types ranged from large local investment groups, REITs, distressed funds, note buyers and student housing funds.”

“There is a strong demand for larger assets today which was demonstrated by the amount of interest that we were able to generate in a very short amount of time,” reports Pierce. “The ultimate buyer put up a substantial nonrefundable cash deposit upon execution of the contract and closed with cash two weeks later.”

The property is located at the intersection of Wissahickon Avenue and School House Lane at 5450 Wissahickon Ave. in Philadelphia’s East Falls area.

The apartments are flanked by parkland and by the Germantown School’s sports fields. Philadelphia University, which is one block away, provides approximately 25 percent of the property’s tenant base.

School Lane House Apartments is a 338,546-square foot mixed-use property with 494 residential units and 12-retail units in two 11-story elevator buildings. There are six antenna leases, a 360-space surface parking lot and a 58-space parking garage. All six elevators are new, including mechanicals, cables and switchboards. The lobby is also new, as are the fitness center, the lighting and the carpet in the hallways.

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

$200 Million in Seniors Housing Transactions Closed by Mark Myers of Marcus & Millichap

 CHICAGO, IL – Mark Myers (top right photo) of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has negotiated the sale of 21 seniors housing facilities – including two portfolios – nationwide. Since January of 2011, Myers has successfully closed $200 million in commercial real estate sales.

Myers, a senior vice president investments in the Chicago office of Marcus & Millichap, worked with other seniors housing investment specialists across the firm’s nationwide network to sell these facilities.

“Demand for seniors housing is accelerating, fueled by an increase in the number of employed Americans receiving healthcare benefits since the passage of healthcare reform,” says Myers.

 “As occupancies and property operations continue to improve, publicly traded REITs and seniors housing operators – flush with cash and able to secure financing – have re-entered the marketplace to purchase seniors housing facilities.

“With a growing share of baby boomers on the brink retirement and stabilizing property operations, cash-rich REITs are back, and driving sales activity.”

In one of his largest transactions, Myers arranged the sale of six assisted living facilities in Indiana for $123 million. Myers closed this transaction in conjunction with senior associate Christopher Hyldahl, located in Marcus & Millichap’s West Los Angeles office.

Myers also negotiated the sale of the Careage Management portfolio for $27.65 million. The nine-property portfolio of nursing homes is located in Nebraska and Iowa. Myers closed this sale in conjunction with Thomas DeWaay (top left photo), an associate vice president investments in the company’s Des Moines, Iowa office, and Joshua Jandris, an associate in the Chicago office.

In Salem, N.J., Myers negotiated the sale of the Salem County Nursing Home at 435 State Route 45 for $7.5 million. Marcus & Millichap was able to achieve optimum pricing on behalf of the seller, the Salem County Improvement Authority, considering that this transaction closed at $1 million more than its original listing price, according to Myers.

Ben Sgambat (middle right photo)i, a vice president investments in the firm’s New Jersey office, also provided representation. The buyer was a regional provider.

 The 38,340-square foot Lincoln Manor also commanded optimum pricing of $6.5 million ­– the original asking price. The 140-bed Lincoln Manor nursing home at 2650 N. Monroe was a privately owned facility with no debt, located approximately one half mile from the 372-bed Decatur Memorial Hospital. Myers procured the buyer, an investor from Chicago, and represented the seller, a group of investors from Illinois and other states, in this transaction.

 Kenwell Senior Living Center (lower left photo), a 43,255-square foot, 148-bed adult care facility in Kenmore, N.Y., traded for $3.23 million in a deal arranged by Myers. Jacob Gehl, a vice president investments, and senior associate Ben Firestone, who are both located in Marcus & Millichap’s Chicago Downtown office also provided representation. The broker of record on this sale was J.D. Parker, vice president and regional manager of the firm’s Manhattan office.

 St. Ann’s Healthcare Center, a 50,246-square foot seniors housing community in Chester, Ill., commanded $1.45 million in a transaction closed by Myers. The buyer was a Chicago-based seniors housing provider, and the seller was a private company based in Southern Illinois. 

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

Ryan Wesner Joins Cushman & Wakefield Orlando Industrial Brokerage Services

 Orlando, FL –The Orlando office of Cushman & Wakefield (C&W) announced that Ryan Wesner (top left photo) has joined the Industrial Brokerage Services team in Orlando. As an Associate Director, Mr. Wesner is responsible for client advisory, business development and brokerage services the industrial brokerage team.

 A graduate of University of South Florida of Business Administration program, Mr. Wesner was previously with Jones Lang LaSalle where he worked on accounts with Lockheed Martin, Minor League Baseball Headquarters, and Hilton Reservations Worldwide.

 An active community member, Mr. Wesner participates in several charity events benefitting Society for the Prevention of Cruelty to Animals (SPCA), and the United Way.

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

Stone Creek by Del Webb Fundraiser Helped Raise More 13,000 to Benefit Susan G. Komen Foundation

OCALA, FL --- Del Webb Stone Creek (top left photo), located at 6320 SW 89th Court Rd. in Ocala, hosted a “Cook for the Cure” fundraiser recently and helped raise more than $13,840 for the Susan G. Komen for the Cure cancer foundation.

Sean Strickler, vice president of sales for the North Florida Division of Del Webb, said Del Webb Stone Creek hosted “Cook for the Cure” simultaneously with four other Del Webb Florida communities, including Sweetwater by Del Webb in Jacksonville, Riverwood at Nocatee by Del Webb in Ponte Vedra, Del Webb Orlando in Davenport, and Del Webb Southshore Falls in Apollo Beach near Tampa.

Residents contributed donations and bid on silent auction items, Strickler reported.

1,000 Cooks for the Cure is part of Cook for the Cure®, a decade-long partnership between Komen and KitchenAid, which has raised more than $8 million for the cause through the sale of pink cooking products, celebrity chef auctions and grass-roots initiatives.

Now, Del Webb is lending its community amenities centers and enlisting enthusiastic residents for the cause. While Cook for the Cure offers ways to support the cause year-round, the goal of this initiative is to enlist 1,000 cooks to host gatherings during these specific dates.

For more information, contact
Lyndsey Clarke Patterson, Marketing Manager, PulteGroup North Florida, 407-661-2150 ext 1416 2301 Lucien Way, Suite 400, Maitland, FL 32751;;
Sean C. Strickler, Vice President Sales, PulteGroup North Florida Division, 407-661-1461;     
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142;
 For more information on Del Webb, see

Samaritan Village to Celebrate Opening of its First Women’s Home in Orlando


ORLANDO, Fla. – Samaritan Village is opening its first home in Orlando, offering hope to women transitioning from chemical dependency and sexual exploitation to a place of healing and wholeness.

 On the evening of Saturday, Sept. 10, Samaritan Village is inviting the Orlando community to come celebrate the opening of “Ruth’s House” at the 2nd Annual Samaritan Village Benefit Dinner and Auction. Last year, this community event jumpstarted the Orlando-based ministry, and this year, it is a chance to commemorate progress while moving forward to welcome women into recovery.

 The inspired theme of the evening is the “The Road that Ruth Took,” reflecting the journey of women from hurting to healing. Through “Ruth’s House,” women are enabled to leave former lives of exploitation and dependency, to be restored and empowered to live full and meaningful lives.

 Hosted at Summit Church, doors will open at 5:30 p.m. for this “cocktail casual” night. A Silent Auction, starting at 6 p.m., will offer benefit auction items that include pieces from renowned local artists and a getaways to the mountains of North Carolina.

 Live music and a fashion show from Transitions (Samaritan Village’s resale boutique) will keep the evening lively as guests enjoy dinner by local BBQ sensation, 4Rivers Smokehouse.

Tickets for the evening are $35 per person and may be purchased online at General information, including location details, may be found on the website. Table sponsorship opportunities are also still available.

Event Coordinator Marissa Burns may be contacted for more information on the evening, details on sponsorship opportunities or the ministry of Samaritan Village. (Phone: 727-424-7748 / Email:

Samaritan Village, Inc. is a 501(c)(3) nonprofit public charity registered in the state of Florida. Donations are tax deductible, and support “Ruth’s House,” a place for women to learn life and career skills, relapse prevention and transformational thinking.

 Contact:  Marissa Burns, Phone: 727-424-7748,