Saturday, September 14, 2013

Pulte Homes to open a new community in Windermere, FL area, Royal Estates in Spring 2014



Royal Estates, Reams Road near County Road 535 in Winderemere, FL area

ORLANDO, FL--- Pulte Homes plans to start construction of LifeTested® homes in the spring of 2014 at Royal Estates, located on Reams Road near C.R. 535 in the Windermere area.

Sean Strickler
Sean Strickler, vice president of sales for Pulte Homes in the North Florida region, said Pulte Homes recently acquired the new community site with 169 single-family home sites to premier its new LifeTested® design series of  homes with three-car garages.

“Life Tested® home designs are inspired by homeowners,” Strickler said.

“We continuously reach out to homeowners for feedback to improve our design process to best meet the needs of home buyers,” Strickler explained.

“Life Tested® homes are designed and built for a new generation of home buyers with smarter use of living spaces and rooms they’ll use all the time, not just once a year,” he said.
 For a complete copy of the company’s news release, please contact:

Beth Payan, Larry Vershel Communications 407-644-4142

NAI Realvest negotiates new office lease of 3,164 SF for claims management firm on Morse Blvd. in Winter Park


 
Keewin Center Office Building, 1079 Morse Boulevard, Winter Park, FL
MAITLAND, FL - NAI Realvest recently negotiated a new lease agreement for 3,164 square feet in the Keewin Center Office Building at 1079 Morse Blvd. in Winter Park.
Christie Alexander

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, Canopy Claims Management, LLC, a full service property claims firm serving commercial and residential policyholders.  

The landlord for the 6,420 square foot building near the intersection of U.S. 17-92 was represented by Michael O’Shaughnessy Real Estate. 

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

Beth Payan, Larry Vershel Communications 407-644-4142

NAI Realvest negotiates new lease agreement with Jackson Law Firm; Gateway Plaza Building in Winter Park, FL is 96 Percent Leased


Gateway Plaza office building 1201 South Orlando Avenue, Winter Park, FL

Tom R. Kelley II
ORLANDO, FL– NAI Realvest recently negotiated a new lease agreement for 1,853 square feet of Class A office space in the Gateway Plaza building at 1201 S. Orlando Ave. (U.S. 17-92) at the intersection of Orange Ave. in Winter Park.

Chris Adams
 The NAI Realvest office leasing team of Tom R. Kelley II, CCIM, Mary Frances West, CCIM and Chris Adams negotiated the lease representing the local landlord, Gateway Plaza LLC.

The Jackson Law Firm is the new tenant at the 60,835 square foot Gateway Plaza which is now 96 percent leased.

 NAI Realvest and the Kelley/West/Adams team were named exclusive leasing agents for the Gateway Plaza building earlier this year. 

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

Beth Payan, Larry Vershel Communications 407-644-4142

NAI Realvest Negotiates New Lease for 1,500 SF of Professional Office Space in Lake Mary, FL




  
225 Waymont Court, Lake Mary, FL


 ORLANDO, FL. – NAI Realvest recently negotiated a new lease agreement for 1,500 square feet of professional office space at 225 Waymont Court off Lake Mary Blvd. in Lake Mary.

Mary Frances West
 Senior Broker-Associate Mary Frances West, CCIM negotiated the transaction representing the local landlord, Deborah A. Williams.

 The tenant is Brett Beckman, DVM, PA d/b/a Orlando Veterinary Dentistry. Dr. Beckman has offices in Punta Gorda, Port Charlotte and Fort Myers.  He is currently expanding his practice into Lake Mary with this new space.

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

Beth Payan, Larry Vershel Communications 407-644-4142

Gersper Joins CFLane as Executive VP of Property Management


Melanie Gersper

Atlanta, GA – CFLane, a leading full-service multifamily investment firm and management services provider, has hired real estate veteran Melanie Gersper as Executive Vice President of Property Management. Gersper will work closely with CFLane President Dan Haefner.

“Melanie’s wealth of experience and seasoned skills will help strengthen our day to day processes and overall operations,” Haefner said. “This frees me up to focus more on strategic decision-making, customer relationship management and driving additional value to our clients and their properties.”

Gersper has more than 16 years experience in the multifamily industry, most recently serving as Senior Vice President of Operations at Bell Partners, responsible for a portfolio in the Southeast and Midwest similar in size to CFLane’s.

Dan Haefner

She also spent several years as a Regional Vice President with CFLane predecessor Lane Company, where she managed both a stabilized portfolio and several thousand units of new development. CFLane was formed earlier this year when Cocke Finkelstein, Inc. (CFI) acquired Lane Company’s assets.

“The company’s evolved a bit since I was here, and it’s only gotten better,” Gersper said. “It still has a stable, successful platform as well as a powerful team that I look forward to working with again.”

Gersper earned her B.S. in Business Administration from Bowling Green State University in Ohio.

CFLane has almost 40,000 units under management nationwide, making it one of the nation's top 50 multifamily property management firms as reported by the National Multi Housing Council. For more information, visit www.CFLane.com.


Cocke, Finkelstein Inc. (www.cockefinkelstein.com) is a privately held Atlanta, Georgia based real estate and investment management firm.

Since inception, CFI has evolved into a full-service real estate investment, multifamily property management, asset management and consulting firm, providing services to owners, investors and financial institutions throughout the country.

Affiliated entities provide vertically integrated services including property management operations, general contracting, due diligence, property inspections, information technology, human resources and accounting.

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

Terri Thornton,
Thornton Communications,
404-932-4347

Coreland Companies Adds More Than 500,000 SF of Office and Retail Properties to Management Portfolio; 1M SF Added in 2013

  
Fountain Valley City Center, at Brookhurst and the 405 Freeway, Fountain Valley, CA


TUSTIN, CA  – Coreland Companies, one of Southern California’s leading real estate management and brokerage firms, has been awarded three new property management assignments.

Chris Hite
The new assignments, including two properties recently acquired by Memorial Health Services, complement Coreland’s growing management portfolio that has seen the addition of 1 million square feet of commercial properties this year.

 Recently purchased by Memorial Health Services, the 300,000-square-foot Fountain Valley City Center is comprised of three, three-story office buildings situated around a common courtyard.

Positioned at Brookhurst and the 405 Freeway, the company expects to bring nearly 1,500 jobs to Fountain Valley by transferring the bulk of its administrative support services to the property.


Slater Office Building, Fountain Valley, CA
In addition, Memorial Health Services also acquired the adjacent 60,000-square-foot Slater Office Building to further expand this new corporate campus.

Cerritos Plaza is a 200,000-square-foot, neighborhood shopping center strategically positioned along South Street, a main retail corridor in Cerritos.

Anchored by Ralphs and CVS/pharmacy, the property is scheduled to begin a major renovation by the end of the year. The ownership, Cerritos Plaza, LLC, is also represented by Coreland’s brokerage team. 

Cerritos Plaza, Cerritos, CA
 “We are looking forward to working closely with our clients to reposition and strengthen the value of each of these assets,” said Coreland Companies President Chris Hite

“We take great pride in our ability to be a strategic partner and effectively manage or lease properties through these efforts. Our teams approach each new property in a very personalized manner to best address the unique objectives.”

Cathedral City Marketplace, Cathedral City, CA

In addition to the three properties, this year’s new management assignments also include:  8280 Melrose Avenue, a 3,000 square foot retail building in Los Angeles; Cathedral City Marketplace, a 200,000-square-foot, grocery-anchored shopping center in Cathedral City; the 32,000-square-foot FAMSA Retail Building in Los Angeles; El Toro Square, a 50,000-square-foot multi-tenant retail development in Lake Forest; Vineyard Village, a 98,000-square-foot shopping center in Ontario; and  Corona Washburn Auto Center, a 20,000-square-foot neighborhood center in Corona.


El Toro Square, Lake Forest, CA
Coreland Companies (www.coreland.com) is a full-service commercial real estate company with expertise in retail, office and industrial properties. As one of the largest privately held commercial real estate service companies based in California,

Coreland’s current portfolio exceeds 100 properties and totals more than 10 million square feet. Founded in 1990, the company boasts a successful track record of commercial real estate ownership, management, repositioning and brokerage.

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

Vicky Hammond
CORELAND COMPANIES
17542 E. 17th Street, Suite 420
Tustin, CA 92780
Direct Line 714-210-6746
Main Line 714-573-7780
Fax 714-573-7790

Marcus & Millichap Recognized as Technology Innovator by InformationWeek



  
CALABASAS, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, announced that it made this year’s InformationWeek 500, an annual listing of the nation’s most innovative users of business technology.

Richard Peltz
 This is the eighth consecutive appearance by Marcus & Millichap on the InformationWeek 500 list. Marcus & Millichap ranked as No. 171 overall and is the top real estate firm in this year’s list. 

“It’s a great honor to be recognized as a technology innovator in business for the eighth time in a row by InformationWeek magazine,” says Richard Peltz, senior vice president and chief information officer of Marcus & Millichap.

“The award is a testament to our commitment to providing our investment real estate agents and debt and equity providers with the highest level of technology service and support possible.”

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

Gina Relva
Public Relations Manager
(925) 953-1716


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HFF arranges $11.24 million financing for urban retail center in Burbank, CA

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The Burbank Collection retail center, Burbank, CA

Kevin Mackenzie
IRVINE, CA – HFF announced today that it has arranged $11.24 million in financing for The Burbank Collection, a 39,428-square-foot urban retail center in Burbank, California.

HFF worked on behalf of the borrower, a joint venture between GPI and KBS Capital Advisors, to secure the three-year, 2.53 percent, floating-rate loan through a regional bank. 

The Burbank Collection is located just off Interstate 5 along the main pedestrian thoroughfare in downtown Burbank and within three miles of the NBC, Warner Bros. and Disney entertainment studios.

Greg Brown
 Built in 2008, tenants include Barney’s Beanery, Panera Bread, Skechers, Johnny Rockets and Pinkberry.  The property is shadow-anchored by one of the top performing AMC Theatre’s in the nation as well as Macy’s and Ikea.

The HFF team representing the borrower was led by senior managing director Kevin Mackenzie and associate director Greg Brown.
  
For a complete copy of the company’s news release, please contact:
  
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


Marcus & Millichap Brokers $5.5 Million Sale of Two Golden Corral Properties in South Florida



  
MIAMI, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of two net-leased Golden Corral properties.

Gabriel Britti
The 10,581 square-foot property located in Pompano Beach sold for $2,750,000 and the 10,341 square-foot property located in Pembroke Pines also sold for $2,750,000.

Gabriel Britti, an Associate Vice President Investments, and Landy Toledo, a Senior Associate, both in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a Miami-based developer.  The buyer, a private investor from Dallas, TX was also secured and represented by Britti and Toledo.

“Both properties are operated by the largest Golden Corral franchisee in the nation and have close to eight years remaining on their base-term leases,” says Britti..  

Landy Toledo
“The properties are also ideally situated in high-trafficked retail corridors.  We generated a lot of interest in the properties from local and out-of-state buyers due to their locations. The South Florida net-leased market is currently one of the strongest in the nation.”

The Golden Corral in Pompano Beach is a 10,581-square foot building on 1.81 acres. It is located at the entrance of Atlantic Business Center, a 1.3 million-square foot industrial park and is surrounded by national retailers including: Wells Fargo, KFC, Taco Bell, Wal-Mart and Winn-Dixie. The property sold for $2,750,000 representing $260 per square foot.

The Golden Corral in Pembroke Pines is a 10,341- square foot building on 1.81 acres. The property benefits from tremendous exposure on Pines Boulevard as well as close proximity to numerous national retailers including: Walgreens, T-Mobile, Wells Fargo and Starbucks. The property sold for $2,750,000 representing $266 per square foot.
  
For a complete copy of the company’s news release, please contact:

: Kirk A. Felici
First Vice President
Regional Manager
Miami, FL

(786) 522-7000

20-Unit Apartment Building Near Hialeah Race Track in Hialeah, FL Sold for $2 Million by Marcus & Milllichap

  
The Chalet Apartments, 195 West 25th Street, Hialeah, FL


Hernando Perez
 HIALEAH, FL, September 13, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of The Chalet Apartments, a 20-unit apartment property located in Hialeah, FL. The asset sold for $2,000,000.

Hernando Perez, an Associate, Tal I. Frydman, a Vice President Investments, Daniel J. Cunningham and Derek R. Gibbs, Senior Associates, all in Marcus & Millichap’s Ft. Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor from Cooper City, FL. 

Tal I. Frydman
The buyer, a private investor from Hialeah, FL, was secured and represented by Jorge Ruiz, an Associate, and Arthur D. Porosoff, a Vice President Investments, both in Marcus & Millichap’s Miami office. 

“Over the past decade Hialeah has seen its inventory of rental apartments reduced due to condo conversions,” says Perez.

Daniel J.
Cunningham
“The reduction in supply has improved the fundamentals of this already strong rental market. In properties where the landlords have actively raised rents, they have met with little to no resistance.

“ The strength of the market is further evidenced by the fact that vacancy is virtually non-existent and concessions are unheard of making Hialeah one of the best rental markets in Miami-Dade County,” says Perez.

Derek J. Gibbs
He adds, “The buyer saw the future potential of the property and its upside value due to its location two blocks west of the Hialeah Race Track, which is undergoing a $100 million dollar renovation.

“The development will revitalize the area by bringing new employers, shops and restaurants.  The investor paid $100,000 per unit or $155 per square foot at a 5.6% CAP rate of return. This transaction has set a milestone in the Hialeah real estate market.”

The Chalet Apartments consists of one two-story building with eight two-bedrooms/one -bathroom units and 12 one-bedroom/one-bathroom units. The Chalet Apartments is located at 195 West 25th Street in Hialeah, FL.

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

Gregory Matus
Regional Manager
Vice President
Fort  Lauderdale, FL
(954) 245-3400


Marcus & Millichap Arranges Sale of 12,909-SF Shopping Strip in Miami, FL for $6 Million


Shoppes of Tamiami, 14200 SW Eighth Street, Miami, FL

Drew A. Kristol
MIAMI, FL, September 13, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Shoppes of Tamiami, a 12,909 square-foot shopping strip located in Miami, FL. The asset sold for $6,000,000.

Drew A. Kristol and Kirk D. Olson, Vice President Investments in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Miami.  The buyer was also a limited liability company based in Miami.

Kirk D. Olson
“We were able to generate a great deal of interest from investors for the Shoppes of Tamiami due to the fact that newer constructed retail centers like this one rarely become available for sale in major retail corridors in Miami-Dade County,” says Olson. “The property features a strong, national tenant mix and excellent frontage on SW 8th Street with traffic counts over 50,000 cars per day.”
  
Built in 2007, Shoppes of Tamiami has a diverse rent roll of 90 percent national tenants, including: Starbucks, Smoothie King, Mattress Firm, Massage Envy and T-Mobile. The property is located at 14200 Southwest 8th Street in Miami, FL.

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

Kirk A. Felici
First Vice President
Regional Manager
Miami, FL

(786) 522-7000

Maury L. Carter and Associates, Inc. Sells 59 Acres of Bank-Owned Property near Walt Disney World in Central Florida



ORLANDO, FL – Maury L. Carter & Associates, Inc. sold 59 +/ - acres of land for Branch Banking and Trust Company (BB&T) to AD 5 Commercial, LLC for $800,000 cash.

Daryl M. Carter
The property, located nine miles SW of Walt Disney World at the NW corner of CR 545 and Bali Boulevard just north of US Highway 192, is the eighth bank property sold by Maury L. Carter and Associates, Inc. in the last 18 months.

 The firm serves Florida as a go-to broker for bank owned land dispositions, with five additional properties under contract to sell in Lake and Orange Counties and a sixth under negotiation in Seminole County.

Daryl M. Carter with Maury L. Carter & Associates, Inc. represented the seller and Todd Refling with Realty Masters Advisors, LLC represented the buyer.

Todd Refling
Maury L. Carter & Associates, Inc. is an Orlando-based full service commercial real estate firm proficient in commercial real estate investments, asset management, brokerage, and development. The firm's officers combine more than 75 years experience in real estate investments and brokerage.

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

Maury L. Carter & Associates, Inc.
3333 S. Orange Avenue, Suite 200, Orlando, FL 32806
407-422-3144