Saturday, August 31, 2013

Emerson International Negotiates Nine Central Florida Lease Agreements Totaling About 50,000 SF in Altamonte Springs, Longwood, Orlando and Maitland

5750 Major Boulevard, Major Center Plaza, Orlando, FL

Altamonte Springs, FL. --- Emerson International recently negotiated nine commercial lease agreements that total close to 50,000 square feet of office space in Orlando, Longwood, Maitland and Altamonte Springs.

Kenneth Koch
Kenneth Koch, director of leasing at Emerson International, negotiated three lease agreements that total more than 37,500 square feet.

Glickstein, Laval and Carris, P.A. a CPA firm leased 6,702 square feet at Emerson’s CenterPointe II office building at 220 E. Central Pkwy. in Altamonte Springs.

Braishfield and Associates, insurance agents and brokers expanded their offices at 5750 Major Blvd. in Major Center Plaza II near International Drive in southwest Orlando by 1,012 square feet to a total of 9,177 square feet.

Sanlando Center, Longwood, FL

Alorica, Inc. renewed its lease of 29,786 square feet in the Sanlando Center II office building at 2180 S.R. 434 in Longwood.

Emerson International commercial leasing associate Zac Starkey negotiated six lease agreements that total close to 10,000 square feet of office space.

Fortune Portfolio Processor Service Group leased 1,150 square feet and Sagamore Home Mortgage leased 1,196 square feet in the CenterPointe Office Park, 370 CenterPointe Cr. in Altamonte Springs.

CenterPointe Office Park
Altamonte Springs, FL
At Louisiana Office Park on Louisiana Ave. in Winter Park, Starkey leased 1,642 square feet to The Maitland Group an insurance company, and 220 square feet to Anchor Counseling which provides family counseling, therapy and psychological testing.

Starkey negotiated a lease agreement for 3,445 square feet at 2600 Maitland Center Parkway on behalf of tenant Home Care Connect which provides non-medical home care to seniors.

Louisiana Office Park, Winter Park, FL
At Sanlando Center on SR 434 in Longwood, Starkey leased 1,771 square feet to GeoTel Communications a global provider of customer-interaction software solutions for mission-critical call center applications.

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

Beth Payan or Larry Vershel Communications, 407-644-4142      

Avalon Park to Host Ground Breaking Ceremony to Start Construction of Encore Assisted Living Community

Orlando, FL --- Avalon Park in east Orlando will host a ground breaking ceremony to mark the start of construction of the Encore at Avalon Park, an assisted living and memory care community located at 13798 Cygnus Drive in downtown Avalon Park.

Stephanie Hodson
Stephanie Hodson, vice president of marketing for Avalon Park Group, said the event is scheduled for 5:30 p.m., on Tuesday Sept. 10.

The 80,000 square foot, three-story building will offer 90 residential units along with a state-of-the-art Alzheimer’s Care Center with 128 licensed beds.  Each residential unit is part of a neighborhood where residents are able to continue the way of living they’re used to with small living room and dining areas. 

Avalon Park’s Encore Assisted Living Facility will be managed by MJM Associates.

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

Beth Payan or Larry Vershel Communications, 407-644-4142      

Forman Capital closes on Two Commercial Property Loans in one day that total $8.45 million

Ramada Winston-Salem, Winston-Salem, NC

PALM BEACH, FL -- Forman Capital, a private equity company that focuses on loan transactions that range from $2.5 million to more than $15 million, recently closed on two commercial property loans in North Carolina that total $8.45 million.

Brett Forman
Brett Forman, founder and president of Forman Capital LLC, said they funded a $4.2 million first mortgage secured by a shopping center in High Point, N.C., and a $4.25 million first mortgage secured by 191-room Ramada Hotel in Winston-Salem, N.C. last month.

A direct lender for commercial real estate nationwide, Forman Capital closed on commercial property loans that total more than $35 million over the past 60 days.

“We are able to provide flexibility and a fast, reliable closing process to accommodate the unique business plans of our borrowers,” Forman explained.

Bank Lending Regulations Provide Impetus for Growth of Forman Capital

Palm Beach, FL--- A stiff regulatory environment governing how banks lend money to real estate investors and business owners is increasing the market for entrepreneurial real estate lenders such as Forman Capital.

Brett Forman, founder and president of Forman Capital, LLC said banks are not lending nearly as much capital as they should or as they have in the past.

“That’s slowing the economic recovery, and I think you can pin most of the blame on the regulatory environment,” Forman said.

“As a private commercial real estate firm, we aren’t hampered by the same regulations,” he said. “For us, the guiding principles are valuations, analysis and experience, and that gives us an enormous edge.”

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

 Brett Forman or Dan DeMott 

Beth Payan or Larry Vershel Communications,