Saturday, October 12, 2013

Anantara Vacation Club Bali, Seminyak Unveils Newly Renovated Villas and Amenities

Anantara Vacation Club Bali, Seminyak, Indonesia
Seminyak, Bali, Indonesia -- Anantara Vacation Club, a unique shared ownership concept launched in 2010, is delighted to unveil its newly renovated boutique resort in Seminyak, Bali’s charming resort district. 

Harold Darrah
Anantara Vacation Club Bali, Seminyak offers Club Owners a home away from home with 18 completely refurbished private pool villas along with redesigned amenities and facilities that are inspired by the island’s rich artistic, spiritual and rural traditions.

 “Welcome to our new hideaway on the Island of the Gods,” said Harold Derrah, CEO of Anantara Vacation Club.  “We’ve redesigned the resort to reflect Bali’s cherished culture and traditions while delivering a distinct Anantara experience for our guests.” 

Ideally located just 25 minutes from Bali’s Ngurah Rai International Airport, Anantara Vacation Club Bali, Seminyak is a luxury boutique villa development offering 18 one, two and three-bedroom pool villas that have been thoughtfully transformed into contemporary Balinese retreats complete with private pools and sun decks, en-suite bathrooms with outdoor rainfall showers, king-size beds and a separate living area with a fully-equipped kitchen.

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

Hwee Peng Yeo
Director of Asian Markets
Glodow Nead Communications
Level 21, Centennial Tower
3 Temasek Avenue
Singapore 039190

Sheraton Bali Kuta Resort launches weekly “White Magic Sunsets” pool parties overlooking Kuta Beach in Bali, Indonesia

Sheraton Bali Kuta Resort, Bali, Indonesia

BALI, INDONESIA –Sheraton Bali Kuta Resort is pleased to announce the launch of White Magic Sunsets, a weekly nu-disco sundowner event on outdoor pool deck overlooking the stunning Indian Ocean.

Dario Orsini
White Magic Sunsets is a Sunday afternoon & evening party that is redefining Sheraton Bali Kuta Resort as the new entertainment destination for Bali locals, trendsetters and visitors to the area.

 “We’re excited to launch White Magic Sunsets, for our guests, Bali visitors and the island’s trend-seeking locals.” said Dario Orsini, General Manager of Sheraton Bali Kuta Resort.

“Leveraging our extraordinary backdrop of the Indian Ocean, we’ve created a totally new experience in Bali that brings people together with fun, 70`s disco flavored records and great drinks to finish the week dancing on a sweet Sunday sunset party.”

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

Hwee Peng Yeo
Director of Asian Markets
Glodow Nead Communications
Level 21, Centennial Tower
3 Temasek Avenue
Singapore 039190

A (Banking Industry) Look Ahead to CCAR 2014


NEW YORK, NY – Trepp has prepared a Look Ahead to CCAR 2014 that establishes a clear connection between earlier stress testing results and bank stock performance.

Daniel K. Tarullo
The report also predicts how the next wave of banks required to undergo these stress test will perform. This report will go out to Trepp customers late next week. A summary follows:

A statement from Federal Reserve Governor Daniel K. Tarullo this summer reminded the markets that CCAR1 supervisory stress testing will not be limited to the 18 large banks currently subject to the tests.

In his testimony before the Senate, Tarullo maintained that "this fall, we will extend the full set of stress testing requirements to the dozen or so banking organizations with greater than $50 billion in assets covered in the Dodd-Frank Act but not fully covered in our previous stress tests."2

This remark set the wheels in motion for the press to begin speculation on which banks that would include and what the results would look like.

In this brief, Trepp looks at how past stress test results have been a predictor of stock price performance, and offers thoughts on what the next round of stress test results will look like for the new banks potentially subject to CCAR.

A Look Back: What Stress Test Results Tell Us about Stock Performance

In the nearly 18 months since the 2012 CCAR stress test results were published, banks that experienced lower Tier 1 Common ratios under the Severely Adverse Scenario saw their stock prices lag relative to banks that posted higher Tier 1 Common ratios.

Equity investors may want to keep an eye on this trend as longer periods of data are available and new results are posted for additional banks.

There are several reasons for the banks’ strong relative price performance.

First, the banks’ higher stressed capital ratios indicate a better ability to weather adversity, so they have been rewarded more than their peers that aren’t as well-capitalized.

Second, stronger CCAR stress test results mean that these banks have greater flexibility in future capital planning, including potential dividend increases and stock buybacks.

Changes in the CCAR banks’ capital plans must be approved by regulators, and the results of stress testing are critical to getting those approvals.

And third, higher results can indicate more balance sheet capacity available for potential acquisitions or simply adding leverage, thereby boosting earning assets.

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

Eric R. Gerard
Senior Vice President
Great Ink Communications
27 Union Square West, Suite 205
New York, NY 10001
(212) 741-2977

Luxury Multifamily Complex Sale in Downtown Stamford, CT Arranged by IPA

Parallel 31 office building, Downtown Stamford, CT

 STAMFORD, Conn., Oct. 10, 2013 – Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of Parallel 41, a newly constructed, fully stabilized, 124-unit apartment complex in downtown Stamford, Conn.

Victor Nolletti
            IPA executive directors Victor Nolletti and Steve Witten advised the seller, 1340 Washington Associates LLC.  The purchaser of the property is an institutional investor advised by Cornerstone Real Estate Advisers of Hartford, Conn.

“The metro New York market continues to thrive and Stamford’s job growth, transit, nightlife, culture, proximity to Grand Central Station and affordability continue to drive luxury renters to the city,” says Nolletti. “Parallel 41 is perfectly positioned to deliver in all categories.”

“Parallel 41 is a trophy asset with green technologies and exceptional luxury amenities,” adds Witten.  “Residents enjoy a high-end, full-service urban lifestyle.”

Steve Whitten
“The recently completed property was fully leased and stabilized in 10 months,” concludes Witten.

Built in 2012 on 1.7 acres, the 128,588-square-foot property is located at 1340 Washington Blvd. in Stamford within a few blocks of the Stamford train station, which provides residents with a short commute into New York City and easy access to Boston, Philadelphia and Washington, D.C.

The complex is within walking distance of popular restaurants and bars, and The Stamford Town Center shopping mall, the Avon Theatre Film Center, parks, the University of Connecticut and Stamford Hospital are nearby.

Apartment homes at Parallel 41 feature luxury finishes and many units offer penthouse lofts and private rooftop terraces.

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

Gina Relva
Public Relations Manager

(925) 953-1716

Marcus & Millichap Changes Offices in Chicago, IL; Steve Rachman will continue to oversee the Chicago O’Hare office as regional manager.

8750 West Bryn Mawr Avenue, Chicago, IL

CHICAGO, IL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has a new Chicago O’Hare office, according to John J. Kerin, president and chief executive officer. Steve Rachman will continue to oversee the office as regional manager. 

Steve Rachman
            The location of Marcus & Millichap’s Chicago O’Hare office is 8750 West Bryn Mawr Ave., Suite 650, Chicago, Ill.  The phone number is (773) 867-1500 and the fax number is (773) 867-1510.

“Our Chicago O’Hare office space features new standards in layout and design and can accommodate the new agents we are actively recruiting,” says Rachman.

“Chicago is among the Midwest’s leading apartment markets and demand for other property types, especially seniors housing, is strong,” adds Rachman. “Growing our team of investment specialists to keep pace with the demand for commercial real estate investment services makes strategic sense.”

In addition to its Chicago O’Hare office, Marcus & Millichap has a Chicago Downtown office at 333 West Wacker Drive, Suite 200 and an Oak Brook office that is located at One Mid America Plaza, Suite 200, in Oakbrook Terrace, Il.

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

Gina Relva
Public Relations Manager
(925) 953-1716

Easton & Associates Announces 156, 000 Square Feet of South Florida Industrial Leases in September; Wal Mart's 56, 800 sf lease highlights transactions for the month

1430 NW 88th Avenue, Doral, FL

Jim Armstrong
Doral, FL- Easton & Associates, the commercial real estate brokerage division of The Easton Group, leased 156, 535 square feet of industrial property during the month of September.  Some of the key transactions include: 

-Wal-Mart Stores East, LP extended a lease for 56, 800 square feet of warehouse space at 1430 NW 88th Avenue, Doral.  The location is being used by a Wal-Mart store located on 87th Avenue for overflow storage. The landlord is Terreno America's Gateway LLC.  Easton & Associates VP Jim Armstrong and sales associate Mike Waite represented Wal-Mart Stores, LP. The landlord was represented by Devin White of CB Richard Ellis.

Michael Waite
-BCSS Ltd. signed a new lease for 26, 652 square feet of industrial space at 9900 NW 77th Court, Hialeah.  The landlord, EWE Warehouse Investments XV Ltd, was represented by Easton & Associates VP Jim Armstrong and sales associates Mike Waite and David Olalde.   Audley Bosch of Cushman & Wakefield represented BCSS Ltd.

-Pinto Transfer & Packing Corp.  leased 24, 563 square feet of industrial space at 1301 NW 84th Avenue, #113, Miami.  Easton & Associates VP Jim Armstrong and sales associates Michael Waite, Alex Beach and David Olalde represented Pinto Transfer & Packing Corp.  The landlord, Rreef-Beacon Centre Alliance LLC, was represented by Thomas Kresse of Transwestern.

Kathy Zerbone
-FuzHou Xingrong Stone Co. (USA) LLC leased 13, 200 of industrial space at 7425 NW 70th Street, Miami.  Easton & Associates Kathy Zerbone represented the tenant.  The landlord, Daliz, Inc., w was represented by Luis Marquez of the Casal Group.

-MasTec North America, Inc. leased 11, 193 square feet of industrial space at 10400 NS 37th Terrace, Miami.  The landlord, HMS Distributors, Inc., was represented by Easton & Associates Kathy Zerbone.  MasTec North America was represented by Harry Jordan of NAI Miami.

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

Todd Templin
Boardroom Communications

Kiser Group Brokers Four Chicago Apartment Property Sales

4014-22 W. Melrose apartments, northwest Chicago, IL

Sean Connelly
CHICAGO, IL – Kiser Group, Chicago’s leading mid-market commercial real estate brokerage firm, brokered four Chicago apartment property transactions in September 2013 – a 14-unit property in Humboldt Park, a five-unit three-flat plus coach house in Lakeview, a 32-unit building in Old Irving Park, and a 35-unit building in Rogers Park.

Brian Mond
 1713-15 N. Humboldt

 The property located at 1713-15 N. Humboldt consists of two adjacent apartment buildings with a total of 14 units. It sold for $1.93 million, and it includes a mix of two- and three-bedroom units with one bath. Recent renovations include new kitchens, baths and HVAC system.

 “The massive capital improvements to this property provide great rental upside,” said Sean Connelly, senior managing director of Kiser Group, who represented buyer and seller in the sale. “The apartments also range from 975 to 1,200 square feet, offering the spaciousness that’s highly sought after in the Humboldt Park neighborhood.”

Mike Anguiano
3437 N. Paulina

  Located in Chicago’s trendy Lakeview neighborhood, this five-unit property at 3437 N. Paulina consists of a brick three-flat plus a coach house. It sold for $1.08 million. The unit mix includes two three-bedroom, two-bath units, two two-bedroom, one-bath units and a one-bedroom unit.

 “Location was a key selling point,” said Brian Mond, managing director of Kiser Group, who represented the seller in the sale. “It’s just half a block from the renovated Brown Line Paulina ‘L’ Stop, so there’s always steady rental interest from professionals that work downtown.”
Brian Semel
“The coach house’s rehab earlier this year also added to its appeal,” noted Matt Jones, managing director of Kiser Group, who represented the buyer in the transaction.

4014-22 W. Melrose
Located at 4014-22 W. Melrose on Chicago’s Northwest Side, this property contains 32 units, including 14 two-bedroom, one-bath apartments, 12 one-bedroom, one-bath units, and six studios. It sold for $1.88 million.

7522 West Greenview, Chicago, IL
 “A large, stabilized courtyard building in Old Irving Park is rarely available,” said Mike Anguiano, managing director of Kiser Group, who represented the seller in the sale. “It sold in only 28 days.”

“Location was also attractive to the buyer,” said Brian Semel, senior managing director of Kiser Group, who represented the buyer in the sale. “Its proximity to the Blue Line ‘L’ and the Kennedy Expressway provides easy access to both downtown and the suburbs.”

3437 North Paulina apartments
Chicago, IL
7522 W. Greenview

  The 35-unit apartment building located at 7522 N. Greenview in ethnically diverse East Rogers Park sold for $2.4 million. It includes 14 studios, 13 one-bedroom, one-bath apartments; seven two-bedroom, 1½ bath units; and one three-bedroom, two-bath unit. The property also offers 25 parking spots.

“Location, parking and recently renovated units were key selling points of this property,” said Semel, who represented the buyer as well as the seller, MK Asset Management, in the transaction. “The property is just blocks from Lake Michigan beaches and the Red Line ‘L’.”

All the names of buyers and sellers involved in these transactions are not available at this time.

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

Kathryn Kjarsgaard