Thursday, August 16, 2012

Celebration Golf Club to host The Fat Guy’s Golf for Kids Tournament Oct. 5

 ORLANDO, FL– Celebration Golf Club in Osceola County will host The Fat Guy’s Golf for Kids Tournament Friday Oct. 5 to benefit the Threshold Center for Autism in Winter Park.

Kenny Nairn (lower left photo), club general manager and executive vice president of Celebration Golf Management, said the tournament will feature local celebrity “The Fat Guy” Dennis Salvagio (top right photo), whose garrulous nature and raucous support of the NBA Orlando Magic basketball team made him a fixture at the O-rena for more than a decade.

Modern Plumbing Industries, Inc. is sponsoring the tournament which will include 18 holes ofchampionship golf, a continental breakfast, free golf shirt, sleeve of golf balls, lunch in the Celebration Clubhouse, complimentary beverages and a silent auction following the tourney.

Tournament director Michael Gibbons said Fields BMW in Winter Park will give away a BMW to the first golfer to score a hole-in-one during tournament play and Orlando Yahama Kawasaki will give away a motorcycle.

Other prizes include closest to the pin, longest drive and numerous raffle prizes, Gibbons said.

“Dennis Salvagio and Modern Plumbing have really come forward to make this tournament one of the biggest and best of the entire fall season,” Nairn said.

For media information,  contact:

Kenny Nairn, Scottish PGA Golf Professional / Executive Vice President of Golf, Celebration Golf Management, 407-566-4653 x4606
Stephen Horne, Director of Sales, Celebration Golf Management 507-566.1045 ext 4610
Gene Garrote, President, Celebration Golf Management, 407-566-1045;
Larry Vershel or Beth Payan, Larry Vershel Communications 407 644-4142 or 407 461-3780

Greystone Provides $21 Million Refinancing Deal to Connecticut Multifamily Housing Complex

  New York, NY –  – Greystone Servicing Corporation, Inc. (Greystone), a leading national provider of multifamily and commercial mortgage loans, today announced a $21 million refinancing deal for Windham Heights (top left photo), a 350-unit affordable housing complex located in Windham, Connecticut. 

Greystone has originated and will service the loan financed by the Freddie Mac Targeted Affordable Housing Mortgage Program. The deal was completed by Greystone’s Affordable Housing team, led by Jeff Englund.

As a Freddie Mac Targeted Affordable Housing Seller/Servicer, Greystone is one of a select number of firms able to originate, underwrite and close on behalf of Freddie Mac, in addition to offering all affordable lending products available through the organization.

 “Working with Freddie Mac allows us to further reach customers through a multitude of high-quality products,” said Jeff Englund.

“As Greystone works closely with a number of mortgage purchasing enterprises, we are able to offer the best programs for our clients, and we are excited to continue working closely with Freddie Mac and our other partners to serve the multifamily mortgage needs of the country.”


HFF secures $27 million refinancing for Round Rock, TX multi-housing complex

 AUSTIN, TX – HFF announced today that it has secured a $27 million refinancing for City North at Sunrise Ranch (top left photo), a 384-unit, Class A multi-housing complex in Round Rock, Texas.

Working exclusively on behalf of McShane Development Company and Arsenal Real Estate, HFF placed the seven-year, floating-rate loan, which included a third party interest rate cap, with Freddie Mac (Federal Home Loan Mortgage Corporation).  HFF will service the loan through its Freddie Mac Program Plus® Seller/Servicer program.

City North at Sunrise Ranch is located at 2800 Sunrise Road about 20 miles north of downtown Austin via Interstate 35.  Completed in 2009, the 93 percent leased property has 19 buildings with one-, two- and three-bedroom units averaging 949 square feet each.  Community amenities include a swimming pool, fitness center, clubhouse and billiard room.

The HFF team representing McShane Development Company and Arsenal Real Estate was led by senior managing director Douglas Opalka (middle right photo) and included director Charles Halladay (lower left photo) and associate director Robert Wooten.

McShane Development Company is a diversified commercial real estate firm that develops, repositions, acquires, constructs, consults and manages properties within its portfolios.

Arsenal Real Estate Partners is a private real estate investment management firm serving a variety of clients that include pension plans, foundations, endowments and high net worth individuals.

DOUGLAS OPALKA                                                   
HFF Senior Managing Director                                    
(512) 532-1900                                                              
HFF Associate Director, Marketing
(713) 852-3500

Marcus & Millichap Sells 13-Unit Hialeah, FL Apartment Building

HIALEAH, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Cordero Apartments, a 13-unit apartment property located in Hialeah, FL, according to Gregory Matus, Vice President/Regional Manager of the firm’s Ft. Lauderdale office. The asset commanded a sales price of $1,275,000.

Cordero Apartments is located at 405 West 11th Street in Hialeah, FL.  The property consists of one two-story building with 13 two-bedroom, one-bathroom units each approximately 800 rentable square feet.

Tal I. Frydman (middle right photo), Daniel J. Cunningham (lower left photo) and Derek R. Gibbs, multi-family investment specialists in Marcus & Millichap’s Ft. Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor from Miami Lakes, FL.  The buyer, a limited liability company from Coral Gables, FL was secured and represented by the agents as well.  

“Over the past decade Hialeah has seen a great share of its inventory of rental apartments reduced due to condo conversions and no new rental properties have been built,” says Frydman.

“The reduction in supply has improved the fundamentals of this already strong rental market. In properties where landlords have actively pushed rents, they have been met with little to no resistance. The strength of the market is further evidenced by the fact that vacancies are virtually non-existent and concessions are unheard of,”

“We generated 15 tours and 10 offers on this property. The buyer was awarded this deal not only because of their competitive offer but also because of a short due diligence period leading to a quick closing,” he adds.

Press Contact:

Ashley Steele
Fort Lauderdale Office
(954) 245-3400

Marcus & Millichap Promotes Eight Northeast Agents to Vice President Investments

 CALABASAS, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted eight Northeast-based agents to vice president investments.

This designation exemplifies superior performance achieved by an associate during his or her sales career at Marcus & Millichap and in the investment real estate brokerage profession, according to Gene A. Berman, executive vice president and managing director.

The agents, their office locations and specialties are:

·         Robert M. Horvath, Boston, retail and net-leased (middle right photo) 

·         Scott Edelstein, Manhattan, multifamily (lower left photo)

·         Matthew Fotis, Manhattan, multifamily

          Joseph Koicim, Manhattan, multifamily

·         Ross J. Mezzo, Manhattan, multifamily

·         Mark A. Thomson, Philadelphia, multifamily

·         Ken Wellar, Philadelphia, multifamily (top right photo)

·         David Weber, Washington, D.C, multifamily (top left photo)

Before being promoted, all of the agents above except for Horvath held the title associate vice president investments. Previously, Horvath was a senior associate. 

“With this promotion, these commercial real estate investment specialists have earned a prestigious designation within the firm and solidified their reputations as knowledgeable and successful investment professionals,” says Berman. “Their focus on providing superior client services has earned them a high degree of loyalty and respect from investors as well as from their peers.”


Stacey Corso
Public Relations Manager
(925) 953-1716