Thursday, September 8, 2011

Paul Rountree, President of First Green Bank nominated to top 40 business leader list



EUSTIS, FL – Paul Rountree (top right photo), president of First Green Bank in Eustis, was nominated as one of the “Top 40 business leaders under 40” by the Orlando Business Journal, which covers the Central Florida region business news.

Kenneth LaRoe (lower left photo), chairman and chief executive officer of First Green Bank, said Rountree, who is 37 years old, is a rising star in the banking community.

“Paul Rountree is one of the most significant emerging bankers in Central Florida,” LaRoe said, “He is an active community leader and demonstrates consistently effective executive leadership of First Green Bank.”

Mr. Rountree is also an active board member of First Green Bank, South Lake Hospital, Community Foundation of South Lake, and Pig on the Pond, for which he previously served as president of the board. He is a member of the South Lake Chamber of Commerce, Florida Citrus Sports, and the United States Green Building Council of Central Florida.

For more information about this press release, contact:
  
Audrey O’Shaughnessy, Marketing Director, First GREEN Bank, 352-483-9100, Audrey@firstgreenbank.com
Paul Rountree, President, First GREEN Bank, 352-483-9100, Paul@firstgreenbank.com
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 or 407-461-3780,  lvershelco@aol.com   


Crossman & Co. Completes Three Long-Term Leases at Retail Centers in Hillsborough and Pasco Counties



Tampa / New Port Richey, FL --- Crossman & Company, the Orlando-based firm that ranks as one of the largest retail property management, leasing and development companies in the Southeast, recently completed three lease agreements totaling 7,589 square feet at retail centers in Tampa and New Port Richey.       

Leasing Associate Tracy Harrison (top right photo)  represented the landlord at Mitchell Crossings, 8833 Mitchell Blvd., New Port Richey in a six-year lease agreement with Anytime Fitness for 4,800 square feet.  Richard Parnell of Franchise Real Estate represented the tenant.   

 At the same time, Harrison completed a renewal agreement with Heavenly Nails on its lease of 1,150 square feet at Mitchell Crossing for another five years. 

  At the Shoppes of Citrus Park (top left photo)located at 7835 Gunn Highway in Tampa, Harrison represented the landlord in a new five-year lease with Yogurtology for 1,639 square feet.    

For more information,  please contact:

Tracy Harrison, Leasing Associate, Crossman & Company, 407-423-5400 
John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com.



Crossman & Co. Announces ICSC Foundation Campaign to Create $125,000 Scholarship Fund at Five Florida Universities

ORLANDO, FL. --- Crossman & Company, which ranks as one of the largest retail property management, leasing and development companies in the southeastern U.S., has launched a campaign with the International Council of Shopping Centers (ICSC) Foundation to create a $125,000 scholarship fund to benefit students at Florida A&M University (lower left photo), the University of Central Florida, Florida International University, Florida State University (lower right photo) and the University of Florida.

John Crossman (middle right photo), CCIM president of Crossman & Company, said the scholarship fund grew from a birthday wish earlier this year when he turned 40.

“I asked my friends and colleagues to contribute toward a scholarship effort and we raised a total of more than $10,000,” Crossman said.

“That will certainly help some deserving students. But if we really want to have an impact, we need to raise more money,” he said.

Crossman said he enlisted the support of the ICSC, which ranks as the largest professional association of retail property owners and developers, retail property tenants and real estate services professionals in the world.

Crossman already began contacting his network of colleagues, friends, company vendors and competitors. He said the ICSC Foundation Scholarship Fund will be showcased at more than 30 upcoming ICSC events in Florida this year.

“We’re asking corporations, retailers, clients, suppliers, and even our relatives to contribute $25 at a personal level up to $2,500 at the corporate level,” Crossman said.

For more information and to donate, visit www.icscfoundation.org/donate.

Crossman said he will form a scholarship committee to determine the criteria for scholarship awards.

“We plan to focus on students whose academic efforts will lead them to the commercial real estate profession,” Crossman said.

For more information, contact:
John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com




Rachel Elias Wein of WeinPlus named chair of New Construction Committee at Pinellas Education Foundation




ST. PETERSBURG, FL. --- The Pinellas Education Foundation has appointed Rachel Elias Wein (top right photo), AIA, founder and principal of WeinPlus Real Estate Advisory Services in St. Petersburg, to head its new Construction Committee.

Wein, who earned Bachelor of Design, Master of Architecture, and Master of Science in Real Estate degrees from the University of Florida, is nationally known for innovative and highly detailed cost-cutting strategies that have saved public and private companies millions of dollars while improving quality.

Wein served as a development manager with the Sembler Company in St. Petersburg and a senior associate with Ernst & Young’s Construction and Real Estate Advisory Services practice in Philadelphia.

Wein currently serves on the board of directors for the University of Florida’s Bergstrom Center for Real Estate Studies, Real Estate Investment Council of Tampa Bay and Camp Judaea in Hendersonville N.C.

“I believe our public school system is vitally important for the children of Pinellas County,” Wein said. “As a product of Florida’s public school system, I look forward to the opportunity to give back to our county’s children,” she said.

For more information, contact
Rachel Elias Wein, AIA, Founder / Principal, WeinPlus, 727-386-9346, www.weinplusassociates.com;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142, lvershelco@aol.com.

HFF arranges $3.7 million refinancing of suburban Houston retail center

                                          

DALLAS, TX – HFF announced  that it has arranged a $3.7 million refinancing for Cullen Crossing (top left photo), a 34,730-square-foot community retail center in Pearland, Texas.

Working on behalf of Cencor Realty Services, HFF placed the 10-year, 5.39 percent, fixed-rate loan with American United Life Insurance Company®, a OneAmerica company. 

Cullen Crossing is located at 8321 Broadway Street at the intersection of Cullen Boulevard and FM 518, 13 miles south of downtown Houston. 

Completed in 2000, the property is 94 percent leased to tenants including Hallmark, Comcast Cable, Wingstop and Subway.  Cullen Crossing is shadow-anchored by Kroger Signature and includes two pad sites occupied by Wells Fargo and McDonald’s that are not part of the collateral.

The HFF team representing Cencor Realty Services was led by director Travis Anderson
Cencor Realty Services, founded in 1989, specializes in retail property management and development services and operates full-service offices in Texas' major markets of Houston, Dallas-Fort Worth, Austin and San Antonio. Cencor currently manages a retail portfolio of approximately 21 million square feet. 

Contacts:    
Travis Anderson, HFF Director,  (214) 265-0880, tanderson@hfflp.com  
 Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,
 krmurphy@hfflp.com          

National Retail Properties Inc. Prices Offering of Common Stock



 ORLANDO, FL --  National Retail Properties, Inc. (NYSE: NNN) (the “Company”) today announced that it has priced an underwritten public offering of 8,000,000 shares of common stock at a price of $26.07 per share.

As part of the offering, the Company granted the underwriters a 30‐day option to purchase up to 1,200,000 additional shares of common stock. The offering is expected to close on Monday, September 12, 2011, subject to customary closing conditions.

Citigroup, Wells Fargo Securities and BofA Merrill Lynch are acting as joint bookrunning managers for the offering. RBC Capital Markets, Raymond James and Stifel Nicolaus Weisel are acting as senior co‐managers for the offering.

Also, UBS Investment Bank, Janney Montgomery Scott, Morgan Keegan, Piper Jaffray, PNC Capital Markets LLC, BB&T Capital Markets, SunTrust Robinson Humphrey, Capital One Southcoast and FBR Capital Markets are acting as junior co‐managers for the offering.

The Company intends to use the net proceeds from the offering to repay borrowings under its credit facility and for general corporate purposes, which may include future property acquisitions.

Contact: Kevin B. Habicht, Chief Financial Officer, (407) 265‐7348

The Marketing Directors Adds Tiffany Adams as Director of Marketing



 ATLANTA, GA – The Marketing Directors has added Tiffany Adams (top right photo) as director of marketing.  She will oversee and implement marketing strategies for several of the company’s developments in Atlanta, Nashville, Tenn., and Jacksonville, Fla.

As director of marketing, Adams will develop and oversee marketing programs and strategies to achieve specific goals.  She will direct advertising, media, public relations, budgets and overall marketing programs for clients.

            Beginning her career in marketing and media relations with the NBA’s Memphis Grizzlies, Adams served as community investment assistant for two years where she worked on planning community events on behalf of the organization as well as the development and preservation of the team brand. 

In 2006, Adams began working for Harrah’s Entertainment, LLC, where she continued marketing in the entertainment industry as advertising coordinator.  In 2008, Adams transitioned to project manager at Accelerated Marketing Partners where she developed real estate marketing programs for a variety of agency clients along the east coast.

For more information, visit http://www.themarketingdirectorsinc.com/ or follow us on Facebook.

Contact:  Liz Lapidus /Traci Buch, Liz Lapidus PR, 404.688.1466, traci@lizlapiduspr.com

ARA Brokers Sale of 356-Unit Garden Apartment Community in Orlando, FL




Orlando, FL  — Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, recently brokered the sale of the Preserve at Econ River (top left photo), a 356-unit garden style apartment community located in the East Orange/UCF submarket, one of the strongest in the region.

 The Orlando, FL-based ARA sales team, led by Principal, Kevin Judd and Vice Presidents Patrick Dufour and Matt Wilcox, represented Atlanta, GA-based JLC Southeast in the sale of the $20.75 million community to Atlanta-based Pollack Partners, Inc., a real estate investment and services firm focused on multi-family and mixed use properties and The Carlyle Group, a private equity fund. 

“The Preserve at Econ River offered the buyer an excellent opportunity to acquire a well located garden apartment community with significant upside potential,” said ARA’s Kevin Judd.

 “With the expiration of the original Tax Credit status of the property in June of 2009, rent increases have been significant and will continue to grow as the remaining low-income units are turned and rented at market rates. “

 There is additional upside potential as the units turn due to temporary concessions offered during the initial renovation and re-tenanting of the property in summer 2010.


 From ongoing lease expirations or move-outs, approximately 81% of the units are eligible for full market rents.   The remaining 19% of units (and others that recently became eligible for market rents) present a significant “upside” opportunity for the buyer. 

 Located in one of the strongest submarkets in the region, the Preserve at Econ River sits in close proximity to both The University of Central Florida (middle right photo) and Full Sail Universit (lower left photo) with a combined student and faculty population of more than 76,000. 

Additional employment opportunities abound within minutes of the property including Siemens, a power-generation & technologies conglomerate employing 5,000 in metro Orlando; Central Florida Research Park (lower right photo), home to 116 companies employing approximately 9,500; and downtown Orlando which accounts for more than 15 million square feet of office space and 56,700 employees.

Constructed in 1998, The Preserve at Econ River recently underwent a $2 million renovation including new hardi-plank siding on the first floor. The property was 92% occupied at the time of the sale.

 To schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or Amy Morris at amorris@ARAusa.com, 678.553.9366; locally, Marti Zenor, at mzenor@ARAusa.com or 561.988.8800.  

MMM Real Estate and Capital Markets Attorneys Included in “Best Lawyers in America”

  

ATLANTA, GA, (Sept. 8, 2011) – Several Morris, Manning & Martin attorneys who practice in the Real Estate and Capital Markets groups have been selected by their peers for inclusion in The Best Lawyers in America® 2012.

 The attorneys, and the areas in which they were chosen, are:

• Frank Bazzel – Real Estate Law
• Charles “Chuck” Beaudrot, Jr. – Tax Law
John “Sonny” Morris – Real Estate Law (top right photo)
• Gerald Pouncey, Jr. – Environmental Law
• Homer Lee Walker – Real Estate Law (bottom left photo)
• Andrew Williams – Real Estate Law
  

The publication also includes several attorneys in other areas of practice:
• David Cranshaw – Litigation: Banking & Finance
• John Fry – Two categories:
• Litigation: Patent
• Litigation: Intellectual Property
• John MacNaughton – Product Liability Litigation
• Seslee Mattson – Product Liability Litigation: Defendants
• Joseph “Rusty” Ross – Health Care Law
• Robert Threlkeld – Health Care Law


The full list is also available online. Best Lawyers is based on an exhaustive peer-review survey in which more than 41,000 leading attorneys cast almost 3.9 million votes on the legal abilities of other lawyers in their practice areas.

Contact: Terri Thornton,  404-932-4347 (Cell),  www.TerriThornton.com


Berger Commercial Realty Corp. Hired by Wells Fargo to Lease and Manage Three Properties in Palm Beach and Miami-Dade Counties

  

FORT LAUDERDALE, FL. – Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced the firm has been hired by Wells Fargo to manage, lease and sell three properties in Palm Beach and Miami-Dade counties.

 Berger Special Assets will manage and Berger Commercial Realty Corp. will lease and sell a shopping center located at 11150 Okeechobee Blvd. in Royal Palm Beach, an industrial building located at 1711 Worthington Rd. in West Palm Beach, and an industrial building located at 13280 NW 43rd Avenue in Opa Locka.

 Keith Graves (top right photo) will handle marketing, leasing and selling and Tim Hackett (bottom left photo) will oversee management of the properties.

Contact:  Marielle Sologuren, Pierson Grant Public Relations
(954) 776-1999, ext. 226, msologuren@piersongrant.com

Colliers International Completes 34,320-SF Mixed Use Building Sale Totaling $3.935 Million in Los Angeles




LOS ANGELES, CA – Colliers International, the second largest global real estate services organization, has completed the sale of a 34,320-square-feet mixed use property located at 312 E 1st Street (top left photo) Los Angeles, Calif. The transaction is valued at $3.935 Million.

 Built in 1991, this property is a five-story office and retail building with 5,759 square feet of land. It boasts a prominent location on a key corner lot at the intersection of two major streets in Little Tokyo and between 1st and San Pedro.

Kathleen A. Silver (middle right photo), CCIM, Senior Vice President, and Kay Thorpe (lower left photo), Associate, both based in Colliers International’s West Los Angeles office represented the Seller, Little Tokyo LLC, a private investor. The buyer, E-Tokyo Gateway LLC, is also a private investor.

 “The property had multiple challenges to overcome including a lack of building parking and a must assume loan requiring a very strong investor needed as the Buyer,” said Silver.

“With multiple offers received on the asset, the sale is evidence that there is still a strong demand for well located real estate in Southern California.”


 Contact:
Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258

Colliers International
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA


Colliers International Recruits The Baziak Team to its Orange County and Downtown Los Angeles Offices.

  

ORANGE COUNTY, CA  – Colliers International, the second largest real estate services organization globally, welcomes Mark Baziak (top right photo) and his team Terrison Quinn, Peter Spragg, Mark Joens, Casey Mahony and Jesika Tran-Nguyen, to its Orange County and DTLA Offices.

 “Mark and his team are a strong addition to our retail practice in Greater Los Angeles,” said Martin Pupil, regional managing director for Colliers International’s Greater Los Angeles operations.

“Colliers is dedicated to providing clients with the most knowledgeable and experienced professionals in the industry and the addition of this team are a clear indication of that.”

As Colliers’ Director of Retail Leasing for Greater Los Angeles, Baziak will focus on strategic asset positioning, deal negotiations, and client relationships ensuring that clients are delivered optimum results. 

 Prior to joining Colliers, Baziak served as Senior Vice President and was member of The President’s Council for Grubb & Ellis’ Orange County office and had been with the firm since 1994.

In 2010, Baziak was named the #1 Retail Broker in the Nation at Grubb & Ellis, and for the past decade has been ranked one of Grubb & Ellis' top Retail Brokers in the Nation. Most recently, he was a managing member of the Retail Executive Committee at Grubb & Ellis.

 Terrison Quinn (top left photo) will serve as Associate Vice President. 

 Peter Spragg (middle right photo) will serve as Senior Associate. Previously, he was a Senior Associate based in Grubb & Ellis’ Los Angeles office. He was named a CoStar Power Broker in 2009.

 Mark Joens (middle left photo) will serve as Associate. He previously worked as an Associate at Grubb & Ellis' Orange County office.

  Casey Mahony (lower right photo) will also serve as Associate. He served as an Associate at Daum Commercial Real Estate Services in Los Angeles County since 2010 before joining Colliers. 

 Jesika Tran-Nguyen will serve as the team’s Senior Marketing Specialist. Jesika previously worked at Grubb & Ellis as a marketing coordinator.


 Contact:
Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258

Colliers International
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA


Regency Centers Closes $600 Million Unsecured Revolving Credit Facility


 
JACKSONVILLE, FL -- Regency Centers Corporation (the “Company”)  announced it has closed on the refinancing of its $600 million credit facility (the “Facility”).

The Facility bears interest at an annual rate of LIBOR plus 125 basis points and is based on the higher of the Company’s current corporate credit ratings from Moody's and S&P.

The Facility will expire in September 2015 and includes one, one-year extension option. In addition, the Company has the ability to upsize the Facility through an accordion feature to $1 billion.

Wells Fargo Securities, LLC and PNC Capital Markets LLC acted as joint lead arrangers and joint book managers for the Facility.

Wells Fargo Bank, National Association is the administrative agent. PNC Bank, National Association acted as syndication agent and Bank of America, N.A., JPMorgan Chase Bank, N.A. and SunTrust Bank acted as documentation agents.

 Comerica Bank, Regions Bank, Royal Bank of Canada, Sumitomo Mitsui Banking Corporation and U.S. Bank, National Association are senior managing agents.

Bank of Tokyo – Mitsubishi UFJ, Ltd., Chang Hwa Commercial Bank, Ltd. and Mizuho Corporate Bank, Ltd. are all participants for the transaction

Contact: Patrick Johnson, (904) 598-7422, www.RegencyCenters.com.

HFF closes $44 million sale of Regency Club Apartments in Jackson, NJ



FLORHAM PARK, NJ – HFF announced today that it has closed the sale of Regency Club Apartments (top left photo), a 372-unit multi-housing community in Jackson, New Jersey.

HFF marketed the property on behalf of the seller, Morgan Management, LLC.  Regency Club Apartments was purchased for $44 million by Gaia Real Estate Investments, LLC, who partnered with Phoenix Realty Group and Harel Insurance.  The buyers assumed existing financing on the property.

Located at 330 South New Prospect Avenue, Regency Club Apartments is close to the shore beaches, Route 9, Interstate 195 and the Garden State Parkway in Jackson. 

The property has 31 buildings with one- and two-bedroom units averaging 814 square feet each.  Community amenities include a fitness center, swimming pool, playground and two tennis courts.  Regency Club Apartments is 94 percent leased.

The HFF team representing Morgan Management, LLC included senior managing directors Jose Cruz (middle right photo) and Andrew Scandalios (lower left photo) and directors Jeffrey Julien and Kevin O’Hearn and real estate analyst Michael Oliver.

“GAIA has purchased an asset with upside as the multifamily market continues to improve,” said Cruz.  “The demand for multifamily product in New Jersey continues to grow as this asset class provides a very safe haven for investors in these turbulent times.  The move from paper to hard assets like real estate is a trend that we expect to continue.” 

“The current rent growth that we are seeing in the suburban  multifamily markets has drawn more investors to the sector who are searching for better yields,” added Scandalios.

 With over 30 years in real estate, Morgan Management, LLC started in the manufactured homes market.  Now the real estate portfolio includes RV resorts, residential apartment communities, self-storage
facilities and a large commercial portfolio.

Gaia Real Estate Holdings, LLC is an American integrated full-service investment, property management and brokerage company headquartered in New York with offices in New Jersey and Tel Aviv.

Contacts:
Jose R. Cruz, HFF Senior Managing Director, (973) 549-2000, jcruz@hfflp.com                                 
Andrew G. Scandalios, HFF Senior Managing Director, (212) 245-2425 ascandalios@hfflp.com                                                                  
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500


HFF arranges $79 million financing for Airport Corporate Center in Miami, FL






MIAMI, FL – HFF announced today that it has arranged $79 million in financing for Airport Corporate Center (top left photo), an 11-building, Class A office portfolio adjacent to Miami International Airport in Miami, Florida.

HFF worked on behalf of the borrower, a subsidiary of Hines REIT, to secure the 10-year, fixed-rate loan through John Hancock Life Insurance Company.  Loan proceeds are retiring existing financing set to mature in March 2012. 

Airport Corporate Center is located along the western edge of the Miami International Airport with prominent frontage along the Palmetto Expressway. 

The 11 buildings total 1,019,048 square feet and consist of suburban office, single-story office and warehouse uses.  The property’s tenants include Norwegian Cruise Line, South Florida Employment and United HealthCare Services.

The HFF team representing the borrower was led by senior managing director Paul Stasaitis (middle right photo), who was assisted by directors Chris Drew (bottom left photo) and Ignacio Portuondo.

“The quality of Airport Corporate Center, considered one of the most prominent and highly recognized Airport-west office parks, is exceptional, and this loan opportunity was only further enhanced by the reputation and experience of Hines as an operator,” said Stasaitis.

 “Lenders today have many choices on where to direct their capital, as such, providing thoroughly presented opportunities backed by top-rate sponsors with highly desirable real estate, ultimately leads to best-in-class results for both borrower and lender.”

Hines REIT, formed in 2003, is engaged in the business of investing in and owning interests in various institutional quality real estate assets.  Hines REIT directly or indirectly owns 57 assets and more than 26 million square feet of office, retail and industrial space and since inception has acquired in excess of $3.7 billion in real estate assets.

Contacts:
 Paul Stasaitis, HFF Senior Managing Director, (305) 448-1333, pstasaitis@hfflp.com                               
Chris Drew, HFF Director, (305) 448-1333, cdrew@hfflp.com 
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,
krmurphy@hfflp.com                


Marcus & Millichap Closes Sale of $13 Million Lender-Owned Property in Greenfield, CA




GREENFIELD, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Creekbridge Village Apartments (top left photo), a 154,838-square foot mixed-use property in Greenfield.

The property consists of 128 apartment units and 36,866 square feet of retail. The sales price of $13 million represents $84 per square foot. 

Ted Kokernak (middle right photo), a senior vice president investments in the firm’s Palo Alto office, in cooperation with San Francisco-based Newmark Realty Capital Inc., represented both parties in the transaction.

 “Creekbridge Village Apartments is the only modern apartment complex located between Salinas and Paso Robles,” says Kokernak. “The property has become a Greenfield landmark with its eclectic and award-winning architectural style.”

Located on 5.6 acres at 10 South El Camino Real in Greenfield, the property surrounds Village Green, a park-like setting where local musicians perform from an old-world-style bandstand.

Creekbridge Village Apartments consists of seven buildings ranging from one-story retail at the front to two- and three-story apartments over retail in the core development. The buildings are wood frame and stucco with pitched roofs and Spanish tile or composite shingles.

 The apartment unit mix is 26 one-bedroom/one-bath units, 65 two-bedroom/one-bath units, 22 three-bedroom/one-bath apartments and 15 three-bedroom/two-bath apartments. There are 26 retail units that range from 430 square feet to 8,815 square feet.

 Creekbridge Village Apartments provides residents with covered and gated carport parking and a gym. The apartments feature open floor plans and all-electric kitchens.

Greenfield is located in Monterey County, approximately 33 miles southeast of Salinas.

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


New Promotions and Hires at Marcus Millichap



 David E. Thurston Named Vice President Investments in New Jersey Office


ELMWOOD PARK, NJ– The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted David E. Thurston (top right photo) to the position of vice president investments.

This designation exemplifies superior performance in the accomplishments an associate has achieved in his or her sales career at Marcus & Millichap and in the investment real estate brokerage profession, according to Michael J. Fasano (top left photo), vice president and regional manager of the firm’s New Jersey office.

 “David has earned a reputation as an extremely knowledgeable investment specialist,” says Fasano. “He is a consummate professional, continually striving to expand his knowledge and expertise. His focus on providing superior client services has earned him a high degree of loyalty and respect from investors as well as from his peers.”

“In the past 12 months, during a most challenging cycle in our industry, David has closed in excess of $40 million,” adds Fasano.

Most recently, Thurston held the position of associate vice president investments.

Bill Kohlhepp Promoted to Vice President Investments in Fort Lauderdale

 FORT LAUDERDALE, FL – The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Bill Kohlhepp (middle right photo) to the position of vice president investments.

This designation exemplifies superior performance in the accomplishments an agent has achieved in his or her sales career at Marcus & Millichap and in the investment real estate brokerage profession, according to Gregory Matus (middle left photo), first vice president and regional manager of the firm’s Fort Lauderdale office.

  “Bill has earned a reputation as one of the most knowledgeable investment specialists in the nation,” says Matus. “He is a consummate professional, continually striving to expand his knowledge and expertise. His focus on providing superior client services has earned him a high degree of loyalty and respect from investors as well as from his peers.”

Kohlhepp began his career with Marcus & Millichap in April 2001, specializing in the sale of office and retail properties.


Seth M. Mott  Is The New Assistant General Counsel based in Salt Lake City, UT


ENCINO, CA– The Board of Directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Seth M. Mott (bottom right photo) assistant general counsel, according to John J. Kerin, president and chief executive officer. Mott will be based in the firm’s Salt Lake City office.

Most recently, Mott served as a member of the litigation section for the national law firm, Van Cott, Bagley, Cornwall & McCarthy, with a practice focused on general civil and commercial litigation.

Mott’s practice involved a wide range of clients including private parties, corporations and public entities involved in real estate, banking, securities, construction, energy and natural resources enterprises.     

“Seth is a talented and aggressive trial attorney with wisdom beyond his years.  He brings an immediate benefit to Marcus & Millichap by greatly expanding our legal department’s ability to better serve our agents and defend their business interests.” explains Paul Mudrich (bottom left photo), managing director and chief legal officer of Marcus & Millichap. “Seth will be an asset to our trial team and our investment professionals nationwide.”

Mott is a cum laude graduate from Washington and Lee University School of Law and Brigham Young University. 
   
 Contact: Stacey Corso, Public Relations Manager, (925) 953-1716