Tuesday, November 6, 2012

NAI Realvest Chairman George Livingston Sees Increased Foreign Investment in Central Florida Commercial Real Estate

George Livingston
MAITLAND, FL --- Positive fourth-quarter economic trends will likely lead to increased foreign investment in Central Florida commercial real estate development, particularly benefiting assisted living facilities, according to longtime regional real estate investment expert George Livingston.

Livingston, chairman of NAI Realvest in Maitland, said a law President Obama signed three months ago to extend the nation’s EB-5 immigration policy came at just the right time.

“Sales of industrial properties are up, office prices have improved, sales of large regional retail malls have been strong, and the financing environment is improved with low interest rates that are falling still,” Livingston said.

President Barack Obama
“Overall, real estate prices are generally stable with hotel prices lower, however, apartment prices continue to show strength,” he said.

But the real gem is found in senior housing, Livingston said.

“Senior housing occupancies have improved and rents are trending higher,” he said.

Assisted living facilities are among the best positioned for the international EB-5 investors due to the high new job count and positive outlook for this section.

Under EB-5 rules, foreigners can obtain a two-year resident card for their entire family if they invest a minimum of $500,000 in a “Targeted Employment Area”--- a high unemployment or rural area --- that creates or preserves at least 10 jobs for U.S. workers, not including the investor’s family.

The bill President Obama signed extended a provision creating Regional Centers to facilitate foreign EB-5 investment. Florida has 22 Regional Centers, second only to California.

“The market now favors acquisition of U.S. real estate, particularly apartment and senior living properties in select markets,” Livingston said.

There currently is a shortage of capital for new development in the U.S., so now is the appropriate time for foreign investors who want a U.S. Visa to join with an experienced developer in a Regional Center to construct a high job-producing commercial property such as a hotel or assisted living facility,” he said.  


George Livingston, Chairman, NAI Realvest 407-875-9989  Glivingston@realvest.com

Larry Vershel, Larry Vershel Communications Inc. 407 644 4142 Lvershelco@aol.com

DiMucci Companies and Realty to Open New Headquarters Facility in Port Orange, FL

DAYTONA BEACH SHORES, FL --- The DiMucci Companies started construction of a new 3,000 square foot office building at 51 Dunlawton Ave. in Port Orange.

Anthony DiMucci, president, said the office building will serve as headquarters for the DiMucci Companies and DiMucci Realty.

The building will be completed and ready for move-in before the end of the year, DiMucci said.


Tony DiMucci or Corinne LeClaire, DiMucci Companies 386-322-2000
Larry Vershel Communications, Larry Vershel or Beth Payan 407-644-4142


Winston James Development negotiates new lease for 2,814 SF at Aloma Business Center in Winter Park, FL

Aloma Business Center, Winter Park, FL
WINTER PARK, FL --- Winston James Development, Inc. of South Daytona Beach recently negotiated a lease agreement at its Aloma Business Center development off Aloma Ave. in Winter Park.

The new tenant, Performance Roofing, LLC leased 2,814 square feet of  office/industrial space.   The residential and commercial roofing firm is relocating from another Orlando area facility, Jamie Adley, president of Aloma Business Center, said.

For more information, contact:  

Jamie Allen Adley, President, Aloma Business Center / Vice President Winston-James Development, Inc. 386-760-2555;  
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com   

Emerson International Negotiates New Long Term Lease at CenterPointe Office Park in Altamonte Springs, FL

CenterPointe Office Park, Altamonte Springs, FL
ALTAMONTE SPRINGS, FL. --- Emerson International recently negotiated a new long-term lease agreement for 1,042 square feet of office space in the CenterPointe Office Park, located at 370 CenterPointe Circle in Altamonte Springs.

Zac Starkey, commercial associate at Emerson International, negotiated the lease agreement representing Emerson International, which owns the building.

Zac Starkey
The new tenant is Universal Marketing Bureau.

Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies.

For more information, contact

Zac Starkey, Commercial Associate, Emerson International, Inc. 407-834-9560; zstarkey@emerson-us.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com.

ARA Announces the Sale of 560-Unit Luxury Multifamily Property in North Lauderdale, Broward County, FL

Parrot's Landing, North Lauderdale, FL

 North Lauderdale, FL — The Boca Raton, FL office of Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, announces the sale of Parrot’s Landing, a 560-unit luxury garden apartment community located in North Lauderdale in Broward County.š

 ARA South Florida-based Principals, Avery Klann and Marc deBaptiste, along with Senior Vice President, Hampton Beebe, represented Behringer-Harvard and Grand Peaks in the transaction. šDedicated Capital Investments was selected as the buyer and purchased the property for $56,300,000.

Avery Klann
 “The property was built in two phases,” noted deBaptiste. “Phase I, with 408 units, was constructed in 1987 and renovated in 2007-2010. Phase II, with 152 units, was constructed in 1997.”

 “Although Parrot’s Landing has benefitted from an $8.4 million interior and exterior renovation program, the buyer will likely be implementing value-add interior enhancements to further boost rents,” noted Klann, lead broker on the deal.

 “Newer properties in the submarket are achieving rent premiums of $75-$150. New appliances, cabinets, countertops, light fixtures and new molding can provide substantial upside in rental revenue.”

Marc deBaptiste
 The property is located less than four miles west of the thriving Cypress Creek office market, containing approximately 4.8 million square feet of office space and over 15,000 employees. This market is home to large corporate headquarters and major employers such as Citrix Systems (1,428 employees), Kaplan Higher Education (2,800 employees), Humana, Brown & Brown Insurance, CBS Interactive, Liberty Power Corporation, DataCore Software Corporation and numerous other well-known national companies.š

 To schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or Amy Morris at amorris@ARAusa.com, 678.553.9366; locally, Marti Zenor, at mzenor@ARAusa.com or 561.988.8800.šš

HFF arranges $7.3 million financing for Littleton, CO neighborhood retail center

Woodlawn Shopping Center, Littleton, CO
DENVER, CO – HFF announced today that it has arranged $7.3 million in financing for Woodlawn Shopping Center, a 96,791-square-foot neighborhood retail center in Littleton, Colorado.

                Working on behalf of Littleton Capital Partners, HFF placed the five-year, 3.65 percent fixed-rate loan with a national banking corporation.  Loan proceeds are refinancing an existing loan and providing funds for lease-up of the property.

Eric Tupler
Woodlawn Shopping Center is located at 1500 West Littleton Boulevard close to Santa Fe Drive about 10 to 15 miles south of downtown Denver.  The property was renovated in 2008 and is leased to tenants including Family Dollar, The Sherwin Williams Company, Act Two Consignment Boutique and India’s Best.

                The HFF team representing Littleton Capital Partners was led by senior managing director Eric Tupler and director Josh Simon.

Josh Simon
“The HFF team did an excellent job of managing all the details and getting this one over the finish line.  They added tremendous value in helping us secure a great loan for our retail asset,” said Jonathan Bush, principal of Littleton Capital Partners.

                Littleton Capital Partners is a privately-held real estate company that provides development, property management and consulting services across a diversified mix of asset types.


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

HFF arranges $45 million construction/permanent loan for Class A multi-housing development in downtown San Diego, CA

15th and Market Apartments,  San Diego, CA
 SAN DIEGO, CA – HFF announced today that it has arranged a $45 million construction/permanent loan for 15th and Market, a 243,000-gross-square-foot, Class A multi-housing development to-be-built in the East Village submarket of downtown San Diego, California.

                Working exclusively on behalf of Holland Partners Group Management, Inc., HFF placed the construction loan, followed by a 10-year permanent loan, with one of its correspondent life companies. 

Tim Wright
Due for completion in 2015, 15th and Market will feature 242 multi-housing units and approximately 10,000 square feet of ground floor retail space.  The project is located on a 1.42-acre site in the East Village neighborhood of downtown San Diego.

The HFF team representing Holland Partners Group Management, Inc. was led by senior managing director Tim Wright, managing director Casey Davidson and associate director Zack Holderman

The Holland team was led by chief operating officer of Southern California development Thomas Warren and development associate Brent Schertzer.

Founded in 2000, The Holland Partner Group is comprised of five operating companies focused on development of new communities, new construction operations, property management, and redevelopment services in conjunction with investment and asset management.  The services and resources provided by the partner group allow its strategic alliance partners to invest in core, core plus and value-added communities in the primary Western United States’ markets.


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

Annaly Capital Management Announces Management Promotions and Board Positions

Wellington J. Denahan-Norris
 NEW YORK--(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) today announced that its Board of Directors has appointed Wellington J. Denahan-Norris as Chairman of the Board and Chief Executive Officer of the Company.

Ms. Denahan-Norris co-founded the Company with Michael A.J. Farrell in 1996 and has served as Vice Chairman of the Board since that time. Prior to becoming Co-Chief Executive Officer on October 8, 2012, Ms. Denahan-Norris was Chief Operating Officer and Chief Investment Officer of the Company.

Rose-Marie Lyght
The Board has also appointed Kevin G. Keyes to serve as a member of the Annaly Board of Directors, Rose-Marie Lyght to serve as Co-Chief Investment Officer of the Company and Kristopher Konrad to serve as Co-Chief Investment Officer of the Company.

Mr. Keyes was appointed President of the Company on October 8, 2012. Mr. Keyes was previously Chief Strategy Officer, Head of Capital Markets and Managing Director of the Company. Mr. Keyes joined the Company in September 2009 following a 20 year career in both Investment Banking and Capital Markets, most recently serving in various senior roles at Bank of America Merrill Lynch.

Kristopher Konrad
Ms. Lyght was previously a Managing Director of the Company and Chief Investment Officer of Fixed Income Discount Advisory Company, a wholly owned subsidiary of the Company. Ms. Lyght was employed by the Company in April 1999.

Mr. Konrad was previously a Managing Director and Head Portfolio Manager of the Company. Mr. Konrad was employed by the Company in October 1997.

For a complete copy of the company’s news release, please contact:

Annaly Capital Management, Inc.
Investor Relations, 888-8Annaly

Voit Real Estate Services Directs 82,000-SF Industrial Sale in City of Industry, CA

City of Industry, CA industrial property
City of Industry, CA – Michael Hartel and Mike Bouma of Voit Real Estate Services have directed the sale of an 81,894 square-foot industrial property in the City of Industry, Calif. for a total consideration of $6.4 million on behalf of the seller.

Hartel and Bouma of Voit represented Klein Investments Family Limited Partnership, a privately-owned real estate investment company, as the seller in the transaction. 

Michael Hartel
The buyer, Super DLK, LLC, is a manufacturing company which plans to occupy 50 percent of the property as its manufacturing headquarters.

During escrow, Voit’s Hartel and Bouma also negotiated a new 30,000 square-foot lease within the building on behalf of the current tenant, Darnell-Rose.

Michael J. Bouma
 This engineering and manufacturing company was occupying the space into which Super DLK, LLC will now move. Darnell-Rose will relocate to the remaining space in the building to manufacture its products, including casters, wheels, rubber bumpers, industrial truck couplers, and conveyor systems.

“This deal was a win-win for both parties. The lease we negotiated helped to further stabilize the asset for the buyer, while also allowing us to achieve full market price for our client,” explained Hartel, a Senior Vice President in Voit’s Irvine office.

          The buyer, Super DLK, LLC, was represented by Norman Shiau of Nortco, Inc. The building is located at 17915 Railroad Street in City of Industry, Calif.


 Jenn Quader/ Judith Brower
 Brower, Miller & Cole
(949) 955-7940

Atlanta Commercial Real Estate Veterans Launch Fairlead

Jeff Shaw
ATLANTA, GA — Three Atlanta commercial real estate veterans with nearly 60 years of combined industry experience have launched Fairlead Commercial Real Estate, a commercial real estate investment and services firm based in Atlanta.

 Jeff Shaw, Kevin Oats and John Ward, who together have been involved with more than $1.5 billion of commercial real estate acquisitions and managed 15 million square feet of space, are the principals of the new firm. Fairlead will acquire properties and provide asset management, property management and leasing services within its existing portfolio of buildings as well as to third-party investors.

Kevin Oats
“Our new firm is well funded, and we look forward to growing our ownership portfolio throughout Atlanta and the Southeast,” said Shaw, president of Fairlead. “Our existing and new capital partners are excited about the future and are looking forward to growing our platform, sharing our belief that the future looks very bright for commercial real estate in the Southeast.”

 Fairlead is looking to acquire core-plus and value-add office and industrial properties in the Southeast and in Texas. Targeted purchase prices will range from $5 million to $100 million.

John Ward
Fairlead has a presence in several of Atlanta’s submarkets. The principals of the firm have ownership in 45 Atlanta commercial buildings and currently lease and manage 11 buildings, including 1455 Lincoln Parkway in the Central Perimeter submarket, 1899 Powers Ferry in the Northwest submarket and buildings 45, 145 and 147 in Technology Park in the Northeast submarket.

 The firm is currently in negotiations to purchase four more properties.

“Good opportunities still exist to acquire value-add properties at discounts, and Fairlead hopes to announce a new acquisition by year end,” said Ward, chief investment officer of Fairlead. “We will be strong players in both the value-add and core markets, and possess the experience and expertise to serve investors in both of these areas extremely well.”

 “Fairlead provides top-notch management and leasing services through our operating company, and moving forward we have plans to add tenant representation and expand our current third party management and leasing platform,” said Oats, chief operating officer of Fairlead. “We are excited about the chance to create considerable value for our clients in these segments of our business.”

 Shaw, who has 22 years of commercial real estate experience in the Southeast, served as president of Jackson Oats Shaw Corporate Real Estate for the past eight years. In that position, he oversaw more than 45 employees and was responsible for the management of 4.2 million square feet of office, industrial, medical and retail properties in metro Atlanta. He has completed thousands of leases in his career and also has held executive positions with COMPASS Management & Leasing, Insignia/ESG, Cushman & Wakefield and PC Associates. Shaw has provided asset-leasing advisory services for General Electric, Lend Lease Investments, LNR Partners, Morgan Stanley, Northwestern Mutual and Wachovia, among others.

 Shaw has been named to the Atlanta Business Chronicle’s “Who’s Who in Commercial Real Estate” and was recently featured in the paper’s “People in the News” executive profile feature. Shaw has received awards from such institutions as the National Association of Industrial and Office Properties. He has achieved lifetime membership in the Atlanta Commercial Board of Realtors’ Million Dollar Club.

 Ward has worked in commercial real estate for 14 years and has been involved with the asset management of13.6 million square feet, the development of 2.4 million square feet, the acquisition of $700 million worth of properties and $550 million of loan originations. He most recently was the chief financial officer of Jackson Oats Shaw and has also held executive positions with Flashpoint Capital Partners, Banyan Street Partners, America’s Capital Partners and Cousins Properties.

Oats has more than 22 years of experience in property and facilities management. He served as chief operating officer at Jackson Oats Shaw Corporate Real Estate, where he played critical roles in transitioning more than 4 million square feet of acquisitions into the firm’s operating company and growing the firm’s portfolio of Atlanta commercial office buildings into the ninth largest. Oats also was a vice president at Jones Lang LaSalle, where he provided management oversight for the firm’s J.P. Morgan, Goldman Sachs and Morgan Stanley assignments in Atlanta.

For a complete copy of the company’s news release, please contact:

Tony Wilbert
Wilbert News Strategies
404-965-5022 (O) 404-405-3656 (C)

Stephen Ursery
Wilbert Public Relations
Office: (404) 965-5026
Cell: (404) 405-2354

Plaza Advisors Holdings Announces Sale of Regency Plaza in Jacksonville, FL.

Regency Plaza, Jacksonville, FL
TAMPA, FL -- Plaza Advisors Holdings is pleased to announce the sale of Regency Plaza shopping center. The plaza is located on Atlantic Boulevard directly across from the Regency Square Mall in Jacksonville, Florida.

The asset totals 205,696 square feet of gross leasable area and is situated on +/- 18.63 acres.

 Tenants include: Burlington Coat Factory, Office Max, dd’s Discounts, Chuck E. Cheese’s, Baby Depot and Carrabba’s Italian Grill. The seller and buyer were Kimco Realty and DLC Management Corp. respectively.

Jim Michalak
The transaction closed on November 1, 2012.


Jim Michalak
Managing Partner
Plaza Advisors
3412 Bay To Bay Boulevard
Tampa, FL 33629
813.837.1300 Ext. 101
Fax 831.2627