Wednesday, December 7, 2011

NAI Realvest Orlando Racks Up Several Closed Deals in Metro Orlando

NAI Realvest Negotiates Acquisition of 144 acre Tomoka Oaks Golf & Country Club in Ormond Beach, FL

NAI Realvest Negotiates Acquisition of 144 acre Tomoka Oaks Golf & Country Club in Ormond Beach, FL

 ORLANDO, Fla. – NAI Realvest recently negotiated the purchase of the Tomoka Oaks Golf & Country Club (top left photo) on Tomoka Oaks Boulevard in Ormond Beach for $1.5 Million.    

 Associate Jeff Ettinger (top right photo) brokered the transaction representing the buyer, EJTS Holding, LLC of Longwood.   The seller, Putnam State Bank of Palatka, was represented in the transaction by Mark Arnold of Stirling Sotheby’s International Realty.

 The property includes an 18-hole golf course currently managed by Billy Casper Management.  The course is in excellent condition and accepts greens-fee players, Ettinger said.

For more information, contact:

Jeff Ettinger, NAI Realvest, 407-875-9989          
Patrick Mahoney, President NAI Realvest 407-875-9989
Larry Vershel or Beth Payan, LV Communications, 407-644-4142

NAI Realvest negotiates renewal lease for 4,160 SF of Industrial space at Parkline Business Center in South Orlando

 ORLANDO, FL. – NAI Realvest recently negotiated a renewal lease for 4,160 square feet of industrial space at 8350 Parkline Blvd., in the Parkline Business Center (middle left aerial photo)  off Orange Avenue and McCoy Road in South Orlando. 

 Michael Heidrich, a principal at NAI Realvest, brokered the transaction representing the landlord Parkline Properties, LLC of Columbus, Ohio.

 Topeka, Kansas-based Hills Pet Nutrition Sales, Inc. renewed its lease of Suite 6 at the industrial facility.    

For more information, contact:

Michael Heidrich, Principal NAI Realvest, 407-875-9989,
Patrick Mahoney, President, NAI Realvest 407-875-9989,
Beth Payan or Larry Vershel Communications, 407-644-4142,     

NAI Realvest Negotiates New Lease for 4,546 SF of Office Space in Maitland, FL

MAITLAND, FL--- NAI Realvest recently negotiated a new lease agreement for 4,546 square feet of office space at 2200 Lucien Way in Maitland.

 Senior Broker Associate Mary Frances West (middle right photo), CCIM and Tom R. Kelley II, CCIM, a principal in the firm, negotiated the transaction representing the landlord, Alliance Lucien Way, Inc. based in Warrington, Pa.  

 The new tenant International Travel Solutions, LLC was represented in the transaction by Harry Champ of Coldwell Banker Commercial NRT. 

For more information, contact:

Mary Frances West CCIM, NAI Realvest, 407-875-9989,;  or
Tom R. Kelley II CCIM, Principal, NAI Realvest, 407-875-9989,;
Patrick Mahoney, President NAI Realvest, 407-875-9989,;
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142 

NAI Realvest Negotiates Expansion and Renewal Leases totaling 34,555 SF of Class A office space in south Orlando

ORLANDO, FL - NAI Realvest recently negotiated a sublease renewal and expansion for a total of 34,555 square feet of class A office space at Flagler’s SouthPark Center located at 9102 SouthPark Center Loop in south Orlando. 

 NAI Realvest principal Christie Alexander (lower left photo), Associates Drew Saphos, CCIM and Paul Vera and George Livingston, chairman emeritus of the firm, negotiated the agreements representing the subtenant, Physicians United Plan, Inc. a URAC-accredited health plan and a leading provider of Medicare products in Central Florida.

 For more information, contact

Christie Alexander, Principal, NAI Realvest 407-949-0704,
George Livingston, Chairman Emeritus, NAI Realvest 407-875-9989,
Patrick Mahoney, President, NAI Realvest, 407-875-9989,
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

Burns & McDonnell Celebrates Grand Opening of New England Office

GRAND OPENING: Business, political, and community leaders gathered today at the official ribbon cutting ceremony held at Burns & McDonnell’s new offices. Brett Williams, senior vice president of Burns & McDonnell was joined by Wallingford Mayor William Dickinson, State Senator Len Fasano, State Representative Alfred Adinolfi, State Representative Vin Candelora, Quinnipiac Chamber of Commerce President Robin Wilson, and local Wallingford leaders to officially celebrate the Grand Opening of the Campus at Greenhill facility in Wallingford. 

New building will support worldwide engineering firm’s steady northeast growth 

Wallingford, CT--About five years ago, three employees from Burns & McDonnell came to Wallingford, CT with a vision to grow a project office into the firm’s New England headquarters. Today, the company has officially grown out of their original Wallingford location, and secured a brand new home in Wallingford at the Campus at Greenhill.

Mayor William Dickinson (lower left photo), State Senator Len Fasano, and several State Representatives headlined a group of dignitaries joining Burns & McDonnell to celebrate the grand opening of the firm’s new regional office.

 HONORED: State Senator Len Fasano (left) and State Representative Vincent Candelora (right) present Burns & McDonnell Senior Vice Present Brett Williams and official proclamation in recognition of the company’s continued growth and job creation in the state of Connecticut. The proclamation was presented at the official Grand Opening of the new Burns & McDonnell New England office, located at the Campus at Greenhill in Wallingford. 

The group recognized the steady growth and job creation the company has endured locally. Business, political, and community leaders joined employee-owners as the group performed the traditional ribbon cutting ceremony.

 Both Senator Fasano and Representative Vincent Candelora presented proclamations in recognition of the company’s ongoing success. In addition, Senator Blumenthal had an official citation presented to the company.

“Wallingford is very pleased that a prestigious firm like Burns & McDonnell has chosen our community for its corporate offices.  We congratulate all the employees for the fine work performed and the continued creation of work opportunities so important to everyone,” said Wallingford Mayor William Dickinson, Jr.

Burns & McDonnell is the second tenant in the newly constructed 305,000 square-foot Campus at Greenhill  (above centered photo) located at 108 Leigus Road.  The 7.5 year lease  was brokered by Cushman & Wakefield with landlord Workstage-Connecticut LLC .

Burns & McDonnell will occupy 27,635 square-feet of the building.  Developed using the latest in sustainable technologies, Campus at Greenhill is registered under the US Green Building Council LEED® program.

 The new energy efficient facility will enable Burns & McDonnell to lower its carbon footprint, while offering employee-owners a brand new facility that features an expansive floor plan with lots of natural light, a training room, auditorium, and access to an in house fitness center and cafeteria.

“The community spirit on display here today is overwhelming,” said Brett Williams, senior vice president of Burns & McDonnell’s New England office. “The hard work and dedication of our employee-owners and the support from our client base has allowed for this expansion, and we are very proud to continue to call Wallingford home for years to come.”

The space will serve as the new home to the growing New England Regional office.  Previously the New England team occupied nearly half the amount of space at their former Wallingford facility on Thorpe Avenue.

“This new facility strengthens Burns and McDonnell’s commitment to supporting and growing high quality jobs in Connecticut,” said Senator Richard Blumenthal.

“The company has, since its arrival in Connecticut, been a productive and valued member of the Wallingford community. I am not alone in saying that this region and its talented workforce are happy to have Burns and McDonnell as a neighbor for years to come.”

The new building provides a central location for the New England office, home now to nearly 180 employee-owners.  Burns & McDonnell has been involved in some of the region’s largest and most challenging infrastructure projects serving in Program Management and engineering roles.  Burns & McDonnell is a full-service engineering, architecture, construction, environmental and consulting solutions firm.

“We at the Quinnipiac Chamber applaud the 113 years of success for Burns & McDonnell,” said Quinnipiac Chamber President Robin Wilson (lower right photo).  “And as a national company, we are honored and proud, that they chose to establish a facility here in Wallingford.   We look forward to a long and positive working relationship and stand ready to help in any way that we can.”

Office tours of the new facility were provided to guests who included Mayor William Dickinson, State Senator Len Fasano, State Representative Vincent Candelora, State Representative Alfred Adinolfi, Wallingford Town Council members, and members of the Quinnipiac Chamber of Commerce.

In addition to the business accomplishments and steady growth of the firm, Burns & McDonnell takes pride in having become a vibrant part of the Connecticut and neighboring communities.  The employee-owners have generously donated time and funds to support worthy causes and charities including The Jimmy Fund, The United Way, Special Olympics and the American Cancer Society.

With multibillion dollars of experience planning, designing, and building the diverse infrastructure that serves the Northeast, the Burns & McDonnell New England office has become a center for excellence in program management.
Burns & McDonnell, founded in 1898, provides engineering, architecture, construction, environmental and consulting services to clients throughout North America and abroad. More than 3,000 engineers, architects, scientists, planners, estimators, economists, technicians and other professionals work in 20 offices throughout the United States.

The firm is currently celebrating a 25-year milestone of being employee owned.  For more information about Burns & McDonnell, visit

Matthew Watkins
President | Watkins Strategies
43 Lunt Street
Quincy, MA 02171

Essex Realty Group Brokers Sale Of A Multi-Residential Apartment Building

CHICAGO, IL, Dec. 7, 2011- Essex Realty Group, Inc. is pleased to announce the sale of 4875 N. Magnolia (top left photo), a 75-Unit building located in Chicago’s Uptown neighborhood. 

The property is located two blocks away from the corner of Broadway and Lawrence Avenue, offering easy access to shops, restaurants and other attractions in the heart of Uptown. 

The Property is a vintage corridor building with studio, one-bedroom and two-bedroom units.  Additionally, there are three 3-bedroom penthouse units on the top floor.

Matt Welke (lower right photo) and Doug Fisher (lower left photo) of Essex were the brokers in the transaction.  The price was approximately $2,250,000.

Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

For  more information, please call Doug Imber at 773.305.4902 or e-mail him at

Avison Young acquires Los Angeles-based Ramsey-Shilling Commercial Real Estate Services, Inc.

 TORONTO, CANADA,  Dec. 7, 2011 /PRNewswire/ - Mark E. Rose, Chair and CEO of Avison Young, Canada's largest independently-owned commercial real estate services company, announced today that it has acquired Ramsey-Shilling Commercial Real Estate Services, Inc., a full-service real estate brokerage firm based in Los Angeles.

The acquisition further expands Avison Young's market coverage in Southern California. The change in ownership will add 23 employees, including 18 brokers, to Avison Young's Los Angeles-area operations. Terms of the acquisition were not disclosed.

Effective immediately Christopher V. Bonbright (lower left photo), Mark Evanoff, John Tronson and Michael Dettling join Avison Young as Principals.

"We are delighted to add Chris, Mark, John, Michael and the Ramsey-Shilling team to our rapidly-growing Southern California and U.S. platforms," comments Rose

 "Chris Bonbright and his team have a solid market share in Hollywood, West Hollywood, the Westside and other key Los Angeles markets, and are market leaders serving healthcare providers and the entertainment industry."

Also joining Avison Young are the following brokers: Andrew Berk, Brandon Mason, Chris Baer, Dan Wakumoto, David Landau,
Glenn Melnick, Helga Weinbach, Howard Strom, Sam Caloroso, Steve Robertson, Steve Tronson, Thor Lee, Tom Barich and Tony Kim.

Contact: : For further information/comment/photos:Sherry Quan, National Director of Communications & Media Relations, Avison Young: (604) 647-5098; cell: (604) 726-0959

Hunter Realty Brokers Sale of Former Hyatt Place in Downtown Birmingham, AL


 BIRMINGHAM, AL, Dec. 7, 2011—Officials at Hunter Realty today announced that the firm had brokered the sale of the former 150-room Hyatt Place Hotel in Birmingham, Ala. in a complex transaction that included converting the recently opened hotel to the SpringHill Suites by Marriott brand at the time of closing. 

Teague Hunter (middle right photo), president of Hunter Realty, led the team that represented Capmark Financial (seller) in the sale of the hotel to Ascent Hospitality for $19.25 million.

“Transactions in today’s hotel real estate market often are more complex than they used to be, a trend we expect to continue as lenders bring more hotels to market in the coming months,” Hunter said

“Both the seller and buyer achieved their investment goals, with the lender receiving the full principal on its original loan, as well as a $3 million tax credit, and the buyer purchasing a hotel with a new flag and attractive financing at below replacement cost.  This created the win-win situation we look for in every transaction.”

“Hunter Realty worked closely with us throughout the acquisition process to structure the transaction so that it made economic sense with good financing terms and helped us through the process of obtaining a top Marriott brand,” said John Tampa, president and co-founder, Ascent Hospitality.

 “We own land immediately across the street but it would take at least 12 to 18 months to build the hotel—and new construction financing is extremely difficult in today’s economy. 

“With a modest investment in converting the hotel to the SpringHill Suites brand, we have a brand new hotel acquired at below replacement cost, in a great location in the heart of downtown Birmingham.  We believe it will quickly become the market leader.” 

The six-story SpringHill Suites Birmingham Downtown at UAB is located at 2024 4th Avenue South, adjacent to the University of Alabama Birmingham, UAB Hospital and the city’s central business and financial district.

 Additional information about Hunter Realty, including current listings, is available at the company’s website,, or by contacting the Atlanta office at (770) 916-0300.

Contact:    Patrick Daly or Jerry Daly (media),  (703) 435-6293