Wednesday, December 28, 2011

First Green Bank Grand Green Opening in Mount Dora, FL to unveil 1.25 percent, 24 month Hybrid Flex CD and 1.9 percent loans for 'Green' Cars

MOUNT DORA, FL.  – When Lake County’s First Green Bank hosts its official grand opening Saturday, Feb 4 from 10 a.m. to 2 p.m. bank officials plan to showcase more than its new LEED Platinum certified 12,000 square foot headquarters facility at 18251 U.S. Hwy. 441 in Mount Dora.

Kenneth LaRoe, chairman and chief executive officer of First Green Bank, said First Green Bank is introducing special offers for bank customers, including 1.9 percent APR automobile loans on cars that rate higher than 30 mile per gallon fuel efficiency EPA combined minimum standard and a new 24 month Hybrid Flex CD that generates 1.25 percent average percentage yield (APY). These offers are effective starting Dec. 26.

LaRoe said the new 24 month Hybrid Flex CD is available to customers who open a new checking account.

The “Grand Green Opening Celebration” will include tours of the award winning facility that meets U.S. Green Building Council’s Platinum LEED standards for energy efficiency, environmental quality and durability.

LaRoe said bank employees are planning a host of other surprises at the First Green Bank opening event including an Audubon Society’s Birds of Prey Exhibit, the Lake County Sheriff’s Department Mounted Posse, a live band, balloon artist, face painting for children and promotional giveaways as well as plenty of food and beverages.

For more information about this press release, contact:  

Kenneth E. LaRoe, CEO and Chairman, First GREEN Bank, 352-483-9100,
Paul Rountree, President, First GREEN Bank, 352-483-9100,
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 or 407-461-3780,  

Marcus & Millichap Facilitates Sale of Winsome Place in Tampa, FL for $460,000

TAMPA, FL,  Dec. 28, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Winsome Place (top left photo), a 20-unit apartment property located in Tampa, Fla., according to Bryn D. Merrey, vice president and regional manager of the firm’s Tampa office.

The sales price of $460,000 represents $23,000 per unit or $40.00 per square foot.

Michael P. Regan (middle right photo), an associate vice president investments and Francesco P. Carriera (lower left photo), a senior associate both in Marcus & Millichap’s Tampa office had the exclusive listing to market the property on behalf of the seller, a loan servicing company in Georgia.  The listing agents also secured the Florida-based buyer of the property, a private investor.

Winsome Place was built in 1988 and is located at 4299 East Sewaha Street.  This 20-unit garden-style community consists of one building with two-stories, situated on approximately .47 acres of land.

“This property consists of all one-bedroom/one-bathroom units and was approximately 50 percent occupied at the time of sale. An all-cash transaction for $23,000 per unit for a property in this submarket with all one-bedroom units is above most other recent sales that are comparable in size. The sale of this property is a good indication that the multifamily market has begun to stabilize,” comments Carriera.

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