Wednesday, September 19, 2012
Mr. Strasburg will focus on industrial and flex/office investment sale transactions in the Mid-Atlantic region. During the course of his 30-year career, he has completed portfolio and single asset transactions valued in excess of $6.0 billion, representing 30 million square feet of improved property and 1,500 acres of land.
Mr. Strasburg joins HFF from CBRE, and prior to that, Trammell Crow. He is a graduate of Bucknell University.
“With 30 years of experience in the sale of institutional quality assets in the Mid-Atlantic market, Mr. Strasburg is consistently recognized as a top producer in the market and commended for his reputation, creativity and work ethic,” said Steve Conley (lower left photo), executive managing director and co-office head in HFF’s Washington, D.C. office.
Posted by Alex at 2:36 PM
The lessee, Spectra Premium, an auto parts distributor, plans to fully occupy the Class A industrial building for its West Coast distribution operations, according to Ryan Miller, an Associate in Voit’s Inland Empire office.
According to Miller, Spectra Premium, headquartered in Canada, was seeking a high-quality building that could accommodate its distribution needs in order to relocate its West Coast operations from Ontario, Calif.
Industrial lease rates will gradually increase over the next 12 to 24 months, Miller says, as the supply of industrial Class A inventory continues to decline.
“As lease rates increase, we will see further stability in the Inland Empire industrial market,” Miller adds.
Jenn Quader/Judith Brower
Brower, Miller & Cole
Posted by Alex at 1:55 PM
Sperry Van Ness National GSA Team leaders Mark Phillip (lower right photo)s and Tim Strange represented the property seller, DLI Cotulla, L.P. Bruce Marshall (lower left photo), Managing Director in the Dallas office of Sperry Van Ness, represented the property buyer, UIRC-GSA Cotulla TX, LLC.
The Cotulla Station is occupied 24 hours a day, 365 days a year by the U.S. Border Patrol, an agency within the Department of Homeland Security, with responsibility for protecting U.S. borders from illegal entry and interdicting smugglers and contraband. One of 145 Border Patrol stations nationwide, Cotulla currently employs 70 officers, with a master plan for 100 officers.
For a complete copy of the company’s news release, please contact:
Marketing & Public Relations
Posted by Alex at 1:09 PM
Formed last year, Century West Partners is headed by veteran residential developers Randy (lower right photo) and Steve Fifield of Chicago-based Fifield Companies and Michael Sorochinsky of Los Angeles-based Cypress Equity Investments.
Serving as architect for K2 LA is Santa Monica-based David Forbes Hibbert. Driver URBAN, a division of Pasadena, Calif.-based C.W. Driver, will serve as the project’s contractor.
For more information on K2 LA, visit www.centurywestpartners.com or call 312-855-1600.
For a complete copy of the company’s news release, please contact:
Kim Manning, email@example.com, (312) 267-4527
Mark Thomton, firstname.lastname@example.org, (312) 267-4523
Posted by Alex at 10:58 AM
The companies’ founder, David B. Edwards (top right photo), will serve as president of these businesses which will operate as Green Global’s LivingVentures subsidiary.
The ICMS companies currently manage and provide services to over 1,000 units in 10 seniors housing facilities, including the prestigious Living on the Avenue (lower right photo) and The Kensington Place (lower left photo) properties in Toronto, Canada. Edwards has over 30 years of experience in the seniors housing industry.
“We are extremely pleased to have an industry leader like Dave heading up our Seniors Housing management business in North America,” said Green Global Chief Executive, Richard A. Asta (middle left photo). “Under Dave’s leadership, we fully expect to grow the number of units under management and services from 1,000 to 3,000 by the end of 2013,” Asta added.
GGI operates seniors housing projects in Canada and Florida, with plans to develop and own seniors housing assets in markets across the US and Canada. GGI global headquarters is in Maitland, Florida with offices in Hong Kong and Shanghai.
The company also provides EB-5 equity capital and debt financing, as well as real estate brokerage and other services. To learn more, visit www.greenglobalinvestments.com.
Richard A. Asta, Chief Executive Officer, Green Global Investments, 407-875-9989, email@example.com
Larry Vershel, Larry Vershel Communications, Inc., 407-644-4142
Posted by Alex at 9:31 AM
Colliers International Represents North American Clutch Export Company in Building Purchase in Miami, FL
MIAMI, FL, Sept. 19, 2012 - Colliers International South Florida is pleased to announce the purchase of 42,391 square feet of Miami warehouse on behalf of buyer North American Clutch Export Company.
Achikam Yogev, Senior Vice President, represented the buyer in the $1.47 million transaction of the property located at 3501 NW 54th Street, Miami, FL (top left photo). The property sold for below market average at $35 per square foot.
North American Clutch is a leading distributor of clutches and brakes to Mexico and Latin America. "We searched for several months for the client and were fortunate to find the right fit for both the buyer and seller," says Yogev. "The transaction was financed with an SBA loan."
North American Clutch will be building out new office space to fit their needs as a regional headquarters. The buyer had rented property in Opa Locka for years and decided to take advantage of the opportunity to purchase in the Airport East submarket. They were drawn to the building's highlights including 17' clear ceiling heights, a new roof and M-2 industrial zoning.
Vice President of Marketing
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138
Posted by Alex at 8:37 AM
ATLANTA, GA (Sept. 19, 2012) – Carter, one of the nation’s leading investment, development and advisory firms, is pleased to announce the promotion of Patti Neal (top right photo) to senior vice president of development from her previous position as vice president; and Malloy Peterson (top left photo) to senior vice president of advisory, from her previous position as vice president.
A 12-year veteran of the company, Neal has overseen the design and construction for some of the company’s biggest projects, including The Banks in Cincinnati, Ohio; Columbus Commons in Columbus, Ohio; and Piedmont West in Atlanta.
In her new role as senior vice president of development, Neal will serve as the firm’s senior-most construction manager.
“Patti has evolved into one of our leading construction professionals,” says Carter President Scott Taylor (lower right photo). “She has led some of our largest and most complicated public-private, mixed-use developments and is a seasoned construction expert who we’re thrilled to have playing such an important role at Carter.”
Peterson, who joined Carter in 2005, most recently served as vice president of marketing, where she oversaw corporate and project-level marketing and communications teams. Additionally, she has consulted on a number of projects over the last two years. Peterson led Carter’s recent re-branding initiatives, which transformed the company’s identity through changes to its logo, imaging and website.
As senior vice president of the advisory services group, Peterson will oversee Carter’s highest priority consulting and development assignments.
“Malloy has made meaningful contributions at the highest level of our company,” Taylor said. “She has led our marketing efforts, helped land new business and provided valuable support in our advisory area. She brings innovation and creativity to everything we do at Carter.”
Neal has a bachelor’s degree in construction engineering and management from Purdue University and a master’s in business administration from Emory University.
Peterson received her bachelor’s degree in finance from the University of Alabama and a master’s degree in business administration from Georgia Tech.
Conor McNally (lower left photo), Carter’s chief development officer, said: "Patti and Malloy are strong leaders with excellent track records. We are excited to recognize their terrific work and expand their responsibilities within the company.”
Wilbert News Strategies
Posted by Alex at 7:59 AM