Saturday, February 25, 2012

C&W negotiates new Orlando, FL lease for Carrier Corp.

 Orlando, FL – Cushman & Wakefield of Florida, Inc. (C&W) Office Brokerage Senior Director Richard Solik (top right photo) announced a new lease for Carrier Corporation in Sand Lake West Business Park.

Mr. Solik  represented the tenant, in the long-term deal for 7,600 sf. Paul Reynolds of CBRE represented the landlord in the deal which commences on July 1, 2012.


Brook Hines
Marketing Associate
Cushman & Wakefield
800 N. Magnolia Avenue, Suite 450
Orlando, Florida 32803
Tel: 407-541-4401

2 Oceanfront Condo Towers Planned For Key Biscayne In Miami-Dade County

MIAMI, FL -- A Miami development group with roots in South America is preparing to construct a pair of oceanfront condo towers in the wealthy enclave of Key Biscayne just southeast of Greater Downtown Miami, according to a new report from

The proposed Oceana complex is to feature twin 15-story towers with a combined 140 units plus an additional 14 villas on a 10.1-acre site on Ocean Drive in Key Biscayne, according to Village of Key Biscayne records.

The Oceana complex - slated to go up on the former Sonesta Hotel and Resort site (top left photo) - increases the total number of newly proposed condos in South Florida to 24 towers since the real estate crash, according to the Preconstruction Condo Projects list.
Condo Vultures founder Peter Zalewski (top right photo) is scheduled to discuss the dynamics of South Florida's latest condo boom on Feb. 28 at the 4th Annual "State Of The South Florida Condo Market" Seminar at 1060 Brickell Ave. in Greater Downtown Miami. The event is sponsored by the Continental Group, Miami Association Of Realtors, the Miami Downtown Development Authority, and ACAP financing. 

Despite having not yet opened a preconstruction sales office on site, the development group - Consultatio Key Biscayne LLC with Eduardo F. Costantini of Argentina and Marcos Corti-Maderna, Jose Chouhy, and Jorge Brave - filed a "notice of commencement" on Feb. 4, 2012 to begin "parking garage foundation" work, according to Miami-Dade County and Florida Secretary of State records.

At the heart of the South Florida real estate crash, the development group paid $78 million in October 2009 for the land located just north of the Grand Bay Tower condominium complex (middle left photo) and the Ritz-Carlton Key Biscayne resort, (middle right photo) according to Miami-Dade County records. 

Shortly after acquiring the property, the development group filed a "notice of commencement" in January 2010 for a "total demolition" of the former Sonesta Hotel, according to Miami-Dade County records.

Overall, the proposed Oceana project would increase the total number of new condo units planned to more than 4,500 for the coastal area of the tricounty South Florida region despite an estimated 4,200 developer units remaining unsold as of Dec. 31, 2011, according to a preliminary estimate based on the Official Condo Buyers Guide™ series.

At least four projects have already hosted groundbreaking ceremonies in the last year, according to a recent report. 
As of Feb. 24, 2012 in Key Biscayne, there are nearly 215 condo units on the resale market at a median asking price of more than $525 per square foot, according to an analysis by the licensed Florida real estate brokerage CVR Realty™. 

Units range in price from less than $200 per square foot to nearly $1,800 per square foot, according to data from the Florida Realtors association.

In 2011, buyers acquired more than 215 condo units at a median price of $382 per square foot, according to the data.

On the rental front in Key Biscayne, nearly 125 condo units are available for lease at a median asking price of nearly $2.35 per square foot per month as of Feb. 24, 2012, according to the report.

In 2011, renters leased more than 300 units at a median price of nearly $1.90 per square foot per month between January and December, according to the data.

Condo Vultures® LLC is a real estate consultancy and marketing company based at 1005 Kane Concourse, Suite 205, Bal Harbour, Florida, 33154. You can reach Condo Vultures® LLC at 800-750-0517.

CEO Nexus Forum at Rollins College Draws Representatives of more than 100 Companies; Next Forum Scheduled for March

ORLANDO, FL --- CEO Nexus, the firm that works with public and private organizations to help second stage companies accelerate their growth and generate new employment, held one of its biggest CEO Nexus forums recently at Rollins College.

Steve Quello (top right photo), president of CEO Nexus, said more than 100 Central Florida companies were represented at the event.

Quello said the recent Rollins College CEO Nexus forum co-hosted by Rollins College Center for Advanced Entrepreneurship, the UCF Business Incubation Program, the Florida High Tech Corridor Council and local area chambers of commerce were in attendance.

Altogether this year, CEO Nexus produced some 16 forum events throughout Florida. “Groups and organizations are now working together to help revitalize the Florida economy and create more jobs,” Quello said.

The next CEO Nexus forum is slated for March 14 at Rollins College, by invitation only.

Rob Wight (lower left photo), co-founder, president and chief executive officer of Channel Intelligence, will be the keynote speaker. 

Wight was the architect of the products and services that made Channel Intelligence a leading e-commerce technology provider that is relied on by retailers such as Best Buy, Target and Kimberly-Clark.  

 Prior to co-founding CI, several leading technology companies had Wight at the helm of innovative software systems development – especially backup/storage software – including Microsoft that he left in 1998 to form Channel Intelligence.  

To learn more about CEO Nexus, its forums and how to register, contact Linda Pope for registration at or 407-590-6101.

For media information, contact

Linda Pope, Events Coordinator, CEO Nexus 407-590-6101,;
 Tom O’Neal, Ph.D, Executive Director, Florida Economic Gardening Institute/GrowFL 407-882-1120
 Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142,

Crossman & Co. Promotes Three Top Associates

ORLANDO, FL --- Crossman & Company, the Orlando-based commercial property firm that ranks as one of the largest retail leasing and management firms in the Southeast, recently promoted three associates.

John Crossman, president of Crossman & Company, said Ashley Thornburg (top right photo) was promoted to senior associate.   Thornburg holds an MBA from the Crummer Graduate School of Business at Rollins College and she joined the firm as an associate three years ago to focus on leasing and management in the South Florida region.   In 2011 Thornburg received the CoStar Power Broker award.

Crossman said Brian Carolan (middle left photo) was promoted to director.  Carolan earned his Master’s Degree in Real Estate from the University of Florida.  He joined Crossman & Company as a research analyst two years ago and was promoted to associate in 2010.   As director, Carolan will continue to focus on investment sales throughout Florida. 

Whitaker Leonhardt (lower right photo) has also been promoted from associate to director. 

 A graduate of Georgetown University with a degree in political economy, Leonhardt holds a Masters in Real Estate from the University of Florida. He joined Crossman & Company three years ago and has received professional awards each year including NAIOP Rookie of the Year.  Whitaker will focus on leasing and investment sales throughout the state of Florida, Crossman said.

For more information, contact:

 John Crossman, CCIM, President, Crossman & Company, 407-581-6218,;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142,

NAI Realvest Negotiates Two New Industrial Leases at Carter CommerCenter in Winter Garden, FL

MAITLAND, FL – NAI Realvest recently negotiated two new lease agreements totaling 5,625 square feet of industrial space at 902 Carter Rd., in the Carter CommerCenter in Winter Garden.

 Michael Heidrich (top right photo), a principal at NAI Realvest, negotiated both leases with two local tenants on behalf of the landlord COP-Carter, LLC of Maitland.

 Crazy Horse Plumbing, Inc. leased Suites 260-270 with 3,750 square feet and Two Crazy Broads, LLC leased Suite 280 with 1,875 square feet.

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, Larry Vershel Communications, 407-644-4142    

AvalonBay Acquires The Mark Pasadena in Greater Los Angeles

PASADENA, CA –Institutional Property Advisors (IPA), a recently formed multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has closed the sale of The Mark Pasadena (top left photo), an 84-unit apartment building in Pasadena. The terms of the sale were not disclosed.

 Greg Harris (middle right photo), an executive vice president investments and Kevin Green (lower left photo), an associate director, represented the seller, a private investment firm based in California. Harris and Green also represented the buyer, AvalonBay Communities Inc.

 “The new ownership is well positioned for Los Angeles’s shift into a more vigorous job-growth cycle,” says Harris. “This year, employment increases are projected to expand the area’s renter pool and enable owners to continue pushing rents.”

            “The Mark Pasadena’s central location within the adjoining employment centers of Glendale, downtown Los Angeles and Burbank make it a perennially attractive apartment community,” adds Green. “Pasadena alone has a daytime job base of 110,000.”

The three-story, 70,648-square foot apartment building is located at 385 South Catalina Ave. in a quiet residential neighborhood a few blocks from historic Old Town Pasadena and adjacent to Colorado Boulevard, one of Greater Los Angeles’ most popular entertainment and shopping areas.
 The Mark Pasadena was constructed in 1973 and moderately updated in 2006 and 2007. The property features a variety of floor plans and many community amenities, including gated subterranean parking, a heated swimming pool and spa, a rooftop sundeck lounge and six on-site laundry facilities. The units feature central air conditioning and heating, plush Powerball carpeting, mirrored wardrobes, breakfast and wet bars in select units, gas-burning fireplaces and private balconies or patios.

The property is comprised of 36 one-bedroom/one-bath units, 20 one- bedroom/1.5-bath-with-den units, 12 one-bedroom/1.5-bath townhome-style units, four two-bedroom/1.5-bath units and 12 two-bedroom/two-bath units.

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

Hamstra Builders Inc. Sells Grocery-Anchored Shopping Center in Indiana

 MONTICELLO, IN– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Monticello Plaza, (top left photo) a 189,330-square foot grocery-anchored shopping center in Monticello, a city in central Indiana approximately 85 miles northwest of Indianapolis. The terms of the sale were not disclosed.

David Weber (middle right photo), an associate vice president in Marcus & Millichap’s Washington, D.C. office, and Nathan Whalen (middle left photo), a retail property investment specialist in the firm’s Indianapolis office, represented the seller, Hamstra Builders Inc. Michael Wernke (lower right photo), a vice president investments in Indianapolis, represented the buyer, an Indiana-based LLC.

 “With its in-depth market knowledge and unparalleled access to a variety of capital sources nationwide, Marcus & Millichap was able to create a competitive market for this property and lead us to the right buyer,” says Mitch Van Kley, chief financial officer and executive vice president of Hamstra Builders Inc. “We are extremely pleased with the high level of service we received from Marcus & Millichap throughout the process.”

“At the time of the sale, Monticello Plaza was 95 percent occupied with approximately 8,700 square feet of vacant space available for lease,” says Weber. “The center’s double-anchor tenants, Kroger and Rural King, and other strong in-line tenants such as Ace Hardware and Fashion Bug, lend themselves to making the shopping center a stable and solid investment.”

            The property is located on Monticello’s major north/south thoroughfare at 916 North Main St. Retailers in the immediate area include Taco Bell, CVS, Arby’s, Advance Auto Parts and Wells Fargo.

“Fewer completions and resumed job creation will strengthen the Indianapolis retail market in 2012,” says Wernke. “With operations in high-traffic corridors already recovering, metrowide vacancy will trend lower.”

 Built in 1979 on 20.2 acres, Monticello Plaza is anchored by Kroger and Rural King, a strong regional retailer. Other tenants include a freestanding Pizza Hut, Ace Hardware, Standard Auto and King Buffet.

Situated between Lake Shafer and Lake Freeman, Monticello is a popular summertime tourist destination and home of the Indiana Beach amusement park.

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

Marcus & Millichap Hired as a Consultant to Sell $1 Billion Orlando, FL Development

 APOPKA, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has been hired as a consultant to sell the $1 billion Kelly Park Crossings (top left map), the largest development ever set to rise in Apopka.

Initial entitlements call for the construction of up to 900 acres, including housing, a regional mall, offices, a campus for Valencia College, a hotel, a hospital and medical office space, as well as a four million-square foot Merchandise Mart near the Wekiva Parkway extension.

Located in northwest Orange County where Seminole and Lake County intersect, the $1.6 billion parkway extension is the final portion of the Orlando Beltway expansion project.

Paul Bouldin (middle right photo), a senior associate in the Tampa office of Marcus & Millichap, has been hired as an advisor to the seller, an investment group led by Jim Palmer (lower left photo), a well-known Republican power broker and Orlando attorney.

 “An investor could become a joint venture development partner and receive a return on the equity placed, with a profit participation in the total project,” explains Bouldin.

“I am very pleased with the progress we have made thus far with Kelly Park Crossings, starting with the 9.2 million square feet of development rights secured from state and local governments,” says Palmer. “Additionally, we are moving forward with Valencia College to develop a campus on our site, which has been solidified in the last month.

“We are also pleased to be working with the premier land brokers in the country and we have an excellent relationship with Paul Bouldin,” says Palmer. “With its in-depth market knowledge and unparalleled access to a variety of capital sources nationwide, Marcus & Millichap will take our project to the next level by attracting the most qualified joint-venture capital partners.”

Located at 3434 Kelly Park Rd., Kelly Park Crossings is a mixed-use, regional development slated to encompass up to 9.2 million square feet. The property consists of four distinct quadrants located at the northwest and southwest corners of the intersection of West Kelly Park Road and the planned Wekiva Parkway extension.

Upon completion, Kelly Park Crossings will include a 1.4 million-square foot regional open-air mall, a 400-bed hospital and medical office space, a 500-key hotel, a new campus for Valencia College, an office and industrial park and residential housing that will create a new community at the only interchange along a 14-mile stretch of the Orlando Beltway.

Chinese businessmen from Zhongshan City, Guandong Province, China, which boasts $34 billion in exports annually, are interested in investing $150 million in the Kelly Park Crossings project to build a four million-square foot Asian Merchandise Mart, published reports say.

“The proposed Merchandise Mart is one of the most exciting parts of this project,” says Palmer. “Wholesalers from around the world will come in for exhibits and conferences to sell their products, which would be a huge boon to the regional and state economy.”

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

Silicon Valley Apartment Complex Trades for $11.3 Million

LOS GATOS, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Lamar Apartments (top left photo), a 48-unit, 103,237-square foot garden-style apartment community in Los Gatos, a suburb of San Jose.

The sales price of $11,327,500 translates to $235,990 per unit and $269 per square foot.

 Michael Henshaw, a vice president investments, and Michael Mann, a multifamily property investment specialist, both in Marcus & Millichap’s Palo Alto office, represented the seller.
Henshaw, Mann and Ted Kokernak (middle right photo), a senior vice president investments, also in Palo Alto, represented the buyer, a local private investor.

“Lamar Apartments possesses great upside potential,” says Henshaw. “The tech industry’s projected robust growth this year is predicted to result in Silicon Valley leading California in job creation, enabling landlords to raise rents at the fastest rate in the nation.”

The property is located at 14930 Oak Road in Los Gatos near the intersection of State Route 85 and State Route 17. Los Gatos is bounded by San Jose to the north and east and is closely tied to Silicon Valley. San Francisco is approximately 60 miles away.

Lamar Apartments’ four main buildings have graphite composite shingle roofs. The first floors are concrete perimeter and the second floors are wood-framed. The unit mix features 40 814-square foot two-bedroom/one-bath units and eight approximately 1,200-square foot three-bedroom/two-bath units. The units feature walk-in closets and private patios.

The property has 48 covered parking spaces and 30 open spaces, a gated pool with recreation room and saunas, a remote surveillance security system and on-site Wi-Fi hot spot.

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

Jones Lang LaSalle to Market Solyndra Facility in California’s Silicon Valley

 PALO ALTO, CA /PRNewswire/ -- Jones Lang LaSalle has been chosen by Solyndra LLC to sell the solar panel manufacturer's corporate headquarters and primary production facility located at 47488 Kato Road in Fremont, Calif.

The engagement has been approved by the Bankruptcy Court overseeing Solyndra's bankruptcy case.

The team in charge of marketing the building is led by Bart Lammersen, Greg Matter and Jason Ovadia.

The approximately 450,000-square-foot manufacturing facility, completed in 2010, is suited to a variety of cleantech and technology businesses, as well as global manufacturers and companies looking for a signature presence in California's Silicon Valley.

The 280,000-square-foot manufacturing space is rated as Class 100,000 Clean Room (ISO Clean 8) and the two-story office space, totaling approximately 30,000 square feet, was constructed to LEED Gold standards. 

The property sits on a 30-acre parcel, with prominent Interstate 880 frontage minutes from San Jose International Airport, Oakland International Airport and a short drive from the Port of Oakland and the San Francisco Peninsula.  The property includes plans for an additional 200,000-plus-square-foot expansion facility.

Additional information may be found at

For more news, videos and research resources on Jones Lang LaSalle, please visit the firm's U.S. media center webpage. Bookmark it here:

For further information, please visit our website,

 Brooke Houghton, +1-312-228-2387,;
Andrew Neilly,,
Tim Gallen,, +1-925-930-9848

Marquis Residences Announces Sky Townhomes Now Available; Downtown Miami’s Most Luxurious Address Releases New-To-Market Townhomes

 Miami, FL –  Marquis Residences (top left photo) – the stunning, 67-story skyscraper condominium in Downtown Miami – is now offering 14 never-before-on-the-market luxury Sky Townhomes for sale, giving buyers yet another way to live the Marquis lifestyle.

“These Sky Townhomes now available at Marquis are a unique opportunity for buyers, as homes like these are not typically seen in high rise condos,” says Wendy Marks Pine (middle right photo) of Cervera Real Estate, the Sales Director at Marquis Residences.

“The supreme privacy, breathtaking views and impeccably styled interiors are the perfect combination for these homes to sell quickly,” she continues.

The glamorous two-bedroom, two-and-a-half bathroom, tri-level homes – located on the 14th floor overlooking Marquis’s sky pool deck and Asian-inspired gardens – feature private and direct access to the parking garage and will be furnished exclusively by the acclaimed design specialists at Artefacto.

Led by CEO Paulo Bacchi (lower left photo), Artefacto’s team will masterfully create the interiors of each of the 14 homes, fashioning a contemporary aesthetic that flatters the Arquitectonica designed building.

This marks an expansion of the successful partnership between the property and the Brazilian design firm, which has already created several model units at Marquis, each of which sold upon completion.

For more information, contact the sales office at 305-571-4000, visit or stop by the sales office at 1100 Biscayne Boulevard.

Robin Diamond
Hundred Stories PR
Phone:  (305) 903 - 5444