Saturday, September 7, 2013

RMK Management Corp. Celebrates “Resident Appreciation Month”

Parc Huron apartments, Chicago, IL
CHICAGO, IL  – For the 12th year, Chicago-based RMK Management Corp. extended a big “thank you” to all residents at its Chicago- and Minneapolis-area apartment communities by hosting Resident Appreciation Month.

Diana Pittro
Throughout the month of August, residents of RMK’s communities were treated to special meals, classes, and social events including yoga, movies, ice cream socials, happy hours and pool parties.

 The events, according to RMK executive vice president Diana Pittro, are designed not only to show the residents how much RMK values them but also to further foster community bonds among residents and the management team.

 “Even in this era of social media and online conveniences, we still know nothing replaces the personal connection that comes from spending time together having fun, sharing a meal, or learning something new,” Pittro said.

 She added, “Although we host special events for our residents throughout the year, we try to go all out for this month-long celebration to really show them how much we value and appreciate their choice to live in an RMK community.”

Mark Sandgren
Mark Sandgren, general manager of Parc Huron in Chicago’s River North neighborhood said, “As property managers, we look forward to this all year. The whole community really gets into it. Whether it’s introducing residents to something new in the neighborhood or just providing an opportunity to just relax and enjoy the amenities, the events offer something for everyone.”

He also noted, “Parc Huron, like all communities managed by RMK, has really strong resident retention – meaning the vast majority of our residents renew their leases with us – and I think these events and the overall ‘service first’ belief of the RMK team are big reasons why.”

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

Vanessa Irving

 Kim Manning


Easton & Associates Announces 124,000 SF of Industrial Leases in August in South Florida

7821 NW 67th Street, Miami, FL

Mike Waite
 Doral, FL—Easton & Associates, the commercial real estate brokerage division of The Easton Group, leased approximately 124, 000 square feet of industrial property during the month of August.  Some of the key transactions include: 

David Olalde
 -Rana Furniture leased 61, 700 square feet of warehouse space for a distribution center located at 7821 NW 67th Street, Miami.  The landlord is SPG NW 77th Court, LLC.  Easton & Associates VP Jim Armstrong and sales associate Mike Waite represented both parties.

 -AirLease International leased 22,000 square feet of industrial space at 7820 NW 74th Street in Medley, FL. The landlord is Easton/Levi Associates.  Easton & Associates VP Tom Kimen represented both parties in the transaction.

Chris Sutton
-VJV Equipment Leasing Corp. leased 12, 983 square feet of industrial space at 6800 NW 72nd Street, Miami.  Easton & Associates sales associate David Olalde represented the tenant. Chris Sutton from Flagler Development represented the landlord, FDG Flagler Station II, LLC. 

 -Midway Industrial Supplies leased 10, 600 square feet of industrial space at 7890 NW 34th Street, Miami.  The landlord is Equity MOA Holdings Ltd.  Easton & Associates VP Jim Armstrong and sales associates Mike Waite and David Olalde represented the landlord.  Steve Jones of Industrial Group Realty represented Midway International Supplies.

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

Todd Templin
Boardroom Communications

Higher Mortgage Rates and Seasonal Slowdown Bring Moderation to Heated Housing Market


EMERYVILLE, CA– New data released by ZipRealty, Inc. ( (NASDAQ: ZIPR), the nation’s most prominent online technology-powered real estate brokerage firm and real estate marketing solutions provider, shows ongoing strength, tempered by moderation, in the housing market.

Lanny Baker
Median home sales prices were up 16.2% year-to-year to an average of $278,000 in 24 markets analyzed in the Aug. 15 edition of ZipRealty’s Housing Trends Report, and new pending sales increased by 19% in mid-August 2013 compared to the previous year, according to ZipRealty CEO and President Lanny Baker.

 “In the wake of this year’s strong rebound in housing, sellers continue to bring an increasing amount of for sale inventory onto the market, with 173,000 new listings in the recent 30-day period, a 10% increase over the prior year. And, those new listings are selling well, with an average sold-to-list price ratio of 99.1% and an average of 28 days between listing and sale,” says ZipRealty CEO and President Lanny Baker.
 “Higher mortgage interest rates and the seasonal slowdown that typically occurs in the fall are expected to cause a degree of moderation in housing market trends.

“For the first time in several months, the median days on market ticked upward in the current report to 28 days from 27 days a few weeks ago. More than half of the cities studied saw the length of time it takes to sell a house rise by a day or two,” he adds.
For a complete copy of the company’s news releases, please contact:

Media Contact: Stacey Corso

NAI Realvest Negotiates Expansion and Renewal Leases totaling 12,000 Square Feet at Monroe CommerCenter South in Sanford, FL

Monroe CommerCenter South, Sanford, FL

 SANFORD, FL --- NAI Realvest recently negotiated two renewal leases and an expansion lease for a total of 12,000 square feet of industrial space at Monroe CommerCenter South in Sanford.  

Michael Heidrich
 Michael Heidrich, a principal in the firm, brokered the transactions on behalf of the landlord, COP-Monroe, LLC of Maitland. 

 Advanced Van & Truck Equipment, Inc., a truck and auto parts and equipment supplier,  renewed its lease of 5,000 square feet at 4154 Incubator Court and at the same time expanded into an additional 5,000 square feet at 4141 Incubator Court at Monroe CommerCenter South. 

 Transit Designs LLC, a screen printing and embroidery firm renewed its 2,000 square feet at 711 Progress Way in Monroe CommerCenter South.

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

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

NAIOP Central Florida Presents: A Night In Vegas

Orlando, FL– What: The Central Florida Chapter of NAIOP will be hosting an annual poker tournament for commercial real estate professionals, friends and family to compete in a “hold ‘em or fold ‘em” style event.

Jim Heistand
No experience necessary to play! Registration can be completed online at All registrations include 2 drink tickets, 5 raffle tickets 1 reverse raffle ticket and delicious food.

Who:   Anyone who enjoys networking,  playing Black Jack, Roulette, Craps, Texas Hold ‘Em and winning raffle prizes!

Why:   To engage commercial real estate professionals and poker players alike in a friendly competition while benefiting a great cause. Net proceeds will be delivered to the Central Florida NAIOP Foundation, Inc. 501c3 ID#31172 for the benefit of the Jim Heistand/NAIOP Endowed Eminent Scholar Chair for the UCF School of Real Estate.

Where: Citrus Club, 255 S. Orange Ave. Orlando, FL 32801

Citrus Club overlooking Downtown Orlando, FL

 When:  Thursday, September 20, 2013 from 5:30PM Registration | 6:30PM Games Begin

 Cost:   Member: $85 | Developing Leader $65 | Non-Member $100 | Member with Guest $150 |    2 Development Leaders $125 | 2 Non-Members $180

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

WNC Closes 2013 Fiscal Year with Six Institutional Tax Credit Funds Totaling $348 Million in Equity

Hope Cottages, Joplin, MO

IRVINE, CA  – WNC, a national investor in real estate and community development initiatives, announced today it has closed its 2013 fiscal year with a total of six low-income housing tax credit funds that raised an aggregate $348 million in equity. 

Michael Gaber
The equity was raised through a mix of multi-investor national, state tax credit and proprietary funds. The WNC funds acquired 59 LIHTC properties, providing more than 4,900 units of low-income housing in 25 states.

“The 2013 fiscal year has been a period of tremendous growth for our company, adding nearly 5,000 units to our acquisition portfolio and welcoming 10 new institutional investors to our funds,” said Michael Gaber, Executive Vice President and Chief Operating Officer of WNC.

“Working with a total of 28 investors across six funds, we were able to make thousands of safe affordable housing units available to working families and seniors throughout the country. I am extremely proud of our team and their accomplishments throughout the year.”

Old Colony Apartments Phase One, Boston, MA
WNC’s funds financed the development of a wide variety of properties, including: Hope Cottages, consisting of 32 newly constructed single family homes in Joplin, Mo., where tornadoes ravaged the area in 2011; a new 160-unit community to be constructed for seniors in Honolulu; the rehabilitation of a 207-unit apartment complex for families in a difficult development area in Baton Rouge, La.; and the rehabilitation of 106 units for families in Los Angeles County, Calif.

The latest fund also includes the re-syndication of Old Colony Phase One, an award winning, 116-unit family housing property constructed in Boston in 2011.

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

Jill Swartz
Spotlight Marketing Communications
949.427.5172, ext. 701 – direct
949.485.1552 – mobile

New leases signed by Crossman & Co. in Central and South Florida

Eureka Promenade, 18280 SW147th Ave. Miami, FL

MIAMI, FL --  Who:      Juan Martinez, Associate for Crossman & Company signed a new lease for 1,073 square feet for Eureka Promenade. Eureka Promenade leased the space to Lezcano Insurance.

What:     Eureka Promenade, anchored by Publix, is located in the Miami-Dade market located off of busy SW 147th Ave. The center offers strong demographics and excellent daytime traffic.
Why:      Bringing a new tenant to Eureka Promenade generates positive momentum to this recently purchased Publix center.  This Publix has seen sales grow by 10% year over year and this new leas is an affirmation of renewed growth in the area. 

Where: Eureka Promenade, 18280 SW147th Ave. Miami, FL 33187 (Dade County)

When:  August 31, 2013

Tracy Worrell
New Tenant: Shoppes at Price Crossings in North Port, FL

North Port, FL–Who:   Tracy Worrell, Senior Associate for Crossman & Company signed a new lease for 2,800 square feet at Shoppes at Price Crossings. Shoppes at Price Crossings leased the space to Haven Dance.

What: Shoppes at Price Crossings, anchored by Publix, is located in Sarasota County’s largest and fasted growing city. The new shopping center features a signalized intersection with an attractive façade.
 Why:   Haven Dance is a great addition to the Publix anchored, Shoppes at Price Crossings located at the intersection of North Toledo Blade Blvd. and West Price Blvd. Haven Dance is a newly established dace and performance education studio and offers something for all ages.  This new business is great for the community and will bring addition traffic to the shopping center.

Where: Shoppes at Price Crossings, 1141 West Price Blvd. North Port, FL 34288 (Sarasota  

 When:  August 21, 2013

Amanda Steidtmann
Town Center Mall Shops: Getting Formal

Kennesaw, GA– Who:   Amanda Steidtmann, Senior Associate for Crossman & Company signed a new lease for 3,120 square feet at Town Center Mall Shops. Town Center Mall Shops leased the space to Savvi Formalwear.

What: Town Center Mall Shops has excellent visibility and frontage on heavily traveled Barrett Parkway. This center is in a major retail corridor with extremely high population and income levels within 5 miles.
 Why:   The owners of Savvi Formalwear started in 1970 as Gingiss Formalwear, changing to Savvi Formalwear in 2005. The family business has 12 tuxedo stores in operation and also operates Anya Bridal, the largest bridal store in Atlanta.  In addition, they provide more than 400 stores with formalwear under the name Tuxedo Central which operate out of their 40,000 square foot warehouse.

Where: Town Center Mall Shops, 390 Ernest W. Barrett Pkwy, Kennesaw, GA 30144

When:  August 15, 2013

Southpointe Commons, Fort Myers, FL
Southpointe Commons: “Good for Families, Good for Communities”

 Fort Myers, FL– Who:   Tracy Worrell, Senior Associate for Crossman & Company signed a new lease for 1,260 square feet for Southpointe Commons along with co-broker Walt Nelson of Trinity Commercial Group.  Southpointe Commons leased the space to Goodwill.

What: Southpointe Commons is located in the Fort Myers Market, a strong infill location with dense residential neighborhoods making up the trade area. The center features a signalized intersection, large pylon sign with tenant parcels and a strong neighborhood tenant mix
 Why:   Goodwill is a great retailer and addition to the neighborhood Publix Center, Southpointe Commons. Publix customers can drop off their soft goods to the donation store in the center.

Where: Southpointe Commons 5997 S. Pointe Blvd. Fort Myers, FL 33919 (Lee County)

 When:  August 21, 2013
For a complete copy of the company’s news releases, please contact:

Claire Pagán