Tuesday, July 9, 2013

Atlanta Startup Community Gets Grants from City of Atlanta and Ford Foundation

Atlanta, GA night skyline

 ATLANTA, GA (July 9, 2013) – Invest Atlanta has been awarded two grants - $150,000 from the Ford Foundation and $50,000 from the City of Atlanta’s Community Development Block Grant program - to help the newly incorporated Startup Atlanta fulfill its mission to connect, support and expand Greater Atlanta’s entrepreneurial community.

Bess Weyandt
Invest Atlanta created Startup Atlanta in 2012 to cultivate the entrepreneurial ecosystem, and the organization recently became a standalone nonprofit organization.

“We are a city of innovators and risk-takers with a long history of starting and running successful companies of all sizes,” Mayor Kasim Reed said. “We are excited to be supporting our entrepreneurs through Startup Atlanta with the financial support of these grants.”

Brian P. McGowan, President and CEO of Invest Atlanta, said growing more successful startup businesses is critical to creating new jobs in Atlanta.

Mayor Kasim Reed
“Startup firms and new companies dominate net job creation in our country, and that is why we are focusing on how to encourage and support the creation of new businesses,” McGowan said. “Atlanta is already ranked nationally as a top city for entrepreneurship, but we know we can do more to make Atlanta an even better place to launch and grow a business.”

Bess Weyandt, Executive Director of Startup Atlanta, said the grants will enable the organization to create the infrastructure to support a thriving environment for entrepreneurs in Atlanta.

Brian P. McGowan
“We are grateful for the financial support from the Ford Foundation and the City of Atlanta, and we will continue to strengthen the ecosystem in Atlanta that helps startups succeed,” Weyandt said.
For a complete copy of the company’s news release, please contact:

Tony Wilbert
The Wilbert Group

NAI Realvest negotiates new lease of 14,305 square feet for Conductive Education Center’s relocation to Crossroads Business Center in Winter Park, Fl

Crossroads Business Center, Winter Park, FL

Drew Saphos
MAITLAND, FL - NAI Realvest recently negotiated a new lease agreement for 14,305 square feet at the Crossroads Business Center, 931 South Semoran Blvd. in Winter Park.

George Livingston
 NAI Realvest Broker Associate Drew Saphos, CCIM, Principal Christie Alexander, Associate Paul Vera and George Livingston, chairman of the firm, represented the tenant, Conductive Education Center of Orlando, Inc.

 CECO is a private school that offers a unique blend of therapy and education to enhance the independence of children with cerebral palsy and other motor disabilities. 

The school will be expanding from current facilities, also in Winter Park.

Paul Vera
  The landlord Crossroads FlexxOffice Ltd. of Miami was represented by Quentin Caruso of Lee & Associates. 

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

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com

Annaly Capital Management, Inc. Announces Conversion Rate Adjustment for 4.00% Convertible Senior Notes Due 2015

 NEW YORK--(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) today announced an adjustment to the conversion rate for 4.00% Convertible Senior Notes Due 2015 (the "Notes").

The adjustment to the conversion rate for the Notes is being made pursuant to the governing indenture for the Notes in light of the Company's previously announced second quarter 2013 common stock cash dividend of $0.40 per common share.

The new conversion price for the Notes is $13.3111 per common share, effective June 27, 2013. The conversion price for the Notes was previously $13.7440 per common share.

The new conversion rate for each $1,000 principal amount of Notes is 75.1250 of the Company’s common shares. The conversion rate for each $1,000 principal amount of Notes was previously 72.7592 of the Company’s common shares.

Notice of the conversion rate adjustment was delivered to security holders and Wells Fargo Bank, National Association, the trustee, in accordance with the terms of the governing indenture for the Notes.

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

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

Colliers Automotive Services Group Sells Lehman Toyota Site in Miami Lakes, FL

Lehman Toyota Car Dealership, 19100 and 19200 NW Second Avenue
Miami Lakes, FL

MIAMI, FL, July 9, 2013 - Colliers International South Florida is pleased to announce the sale of the Lehman Toyota car dealership located at 19100 and 19200 NW Second Avenue in Miami Lakes, FL.

Michael T. Fay
Michael T. Fay, Chairman-Founding Partner of Colliers International South Florida, and Xavier Cossard, National Director of the Colliers Automotive Retail Services (CARS) Group, represented the seller, Kimco Autofund, LP in the transaction. The 134,165-square-foot site was sold to buyer Racetrac Petroleum, Inc. for nearly $3 million.

"This transaction involves a user serving as a developer to gain market share," says Cossard. "Despite only needing approximately two acres to build a gas station, RaceTrac went ahead and purchased the three-acre site, and will ultimately spin-off the surplus acre to another user to complement their site."

Xavier Cossard
Colliers Automotive Retail Services has completed a number of transactions on behalf of the seller over the past 10 years.

Most recently, Fay and Cossard represented Kimco in the sale of a second parcel that is part of the same Lehman Toyota, located across the street at 19390 NW Second Avenue, Miami Gardens. That parcel, housing a 38,074-square-foot dealership, sold for $2.25 million to a used auto dealer.

Lehman Toyota car dealership
19390 NW Second Ave., Miami Lakes, FL
Colliers Automotive Retail Services is a national group within Colliers International led by Fay and Cossard from South Florida.

The only major full-service real estate firm with a specialty practice dedicated to auto dealerships, this group has generated over $500 million in transactions since its inception in 2004.

Specific services include advisory, valuation, demand analysis, site acquisitions or dispositions, relocations, transaction management, capital markets and global corporate services.

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

Crystal Proenza
Vice President of Marketing
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138

Marcus & Millichap Names Paul Loubet Western Regional Director of National Retail Group

Paul Loubet

 CALABASAS, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Paul Loubet as Western Regional Director of the National Retail Group (NRG), according to John J. Kerin, president and chief executive officer.

Loubet, who reports to Bill Rose, vice president and national director of the NRG, leads a service line with more than 100 investment sales professionals operating from more than 25 offices in the Western Region.

John J. Kerin
He will support the firm’s retail specialists in developing client relationships and enhancing retail client services. He will also be responsible for expanding the company’s retail team in the western U.S. and growing retail market share. Loubet is based in the firm’s Newport Beach office.

“Paul’s extensive retail background and expansive relationships will make him an invaluable resource to our retail-focused agents and clients in the western region,” says Kerin.

Loubet has an extensive background in the retail industry spanning more than 25 years, closing more than 75 shopping center transactions valued at more than $500 million.

Bill Rose
He was the big box leasing specialist for the western region for General Growth Properties (GGP),  and vice president of investments for Regency Centers where he was responsible for acquiring and developing grocery-anchored neighborhood and community shopping centers.

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

Ben Johnson
Marketing Director

(925) 953-1736