Saturday, November 16, 2013

NAI Realvest Negotiates $365,000 Sale of Shopping Center in Downtown Eustis, FL



Grove Square Shopping Center, 417 North Grove Street, Eustis, FL


Mitch Heidrich
ORLANDO, FL— NAI Realvest recently negotiated the sale of Grove Square Shopping Center at 417 N. Grove St. in Eustis for $365,000.    

 Matt Cichocki and Kevin O’Connor, principals at NAI Realvest assisted by associate Mitch Heidrich negotiated the REO sale representing Ocwen Commercial Loan Servicing.

 The 36,310 square foot center on a 2.31 acre site was purchased by Mount Dora-based Rose 24, LLC. 

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

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

Stonegate Golf Club at Solivita Gets the Jump on Christmas with Special Party for Kissimmee, FL HOME Kids and Moms


Stonegate Golf Club Executive Chef Anukul and Lilly Rahmani, at Solivita in Kissimmee, FL

Kissimmee, FL --- Stonegate Golf Club Executive Chef Anukul at Solivita in Kissimmee and seven-year-old Lily Rahmani hosted an afternoon party for 18 invited mothers and 32 children of Kissimmee’s HOME shelter for homeless children and their mothers.

Arto Rahmani
Arto Rahmani, general manager at Stonegate Golf Club, said it was Lily’s wish for her birthday this year to spend it with kids who are less fortunate, and provide them gifts and fun activities and entertainment. 

Arto Rahmani said Executive Chef Anukul and Lily share the same birthday and together they decided to host the event.   They greeted the moms and children along with Food and Beverage Director Rob Castillo and Banquet Sous Chef Marty Wright. 

A tasteful meal hot off the grille was provided to all 50 guests.

Both Lily and Chef Anukul led a four-hour fun day that included face painting and snow cones with M&M Balloon and D&J Entertainment and played freeze dance, musical chairs and red light green light.

Their moms were treated to a session of Zumba dancing.

Rob Castillo
HOME, which stands for ”helping others make the effort” has a goal to break the cycle of homelessness by providing housing and life skills to homeless women and their children.

“The smiles on the children’s faces were just priceless, I am very pleased with the outcome and all the effort my team gave to make this event successful,” General Manager Rahmani said.

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

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

Coming Soon To Vero Beach, FL: Cove at Waterway Village



 
VERO BEACH, Fla. --- DiVosta Homes plans to start presales of 80 new single-family homes at The Cove at Waterway Village, located on the northeast corner of Kings Highway and 53rd Street in Vero Beach.

Scott Mairn, vice president of sales and marketing for DiVosta Homes in south Florida, said only two homes remain for sale at DiVosta’s Isles at Waterway Village community across the street.

Mairn said presales of new homes at Cove at Waterway Village will start in December.

Cove at Waterway Village will feature a new portfolio of DiVosta Homes designs that range in size from 1,656 square feet of living space to 2,562 square feet, priced from the the low $200s to $400s.

To join the interest list for exclusive community updates, visit www.divosta.com/cove  or call 877-748-6679.
  
For a complete copy of the company’s new release, please contact:

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


Annaly Capital Management, Inc. Announces Preferred Dividends

  

NEW YORK, NY--(BUSINESS WIRE)-- In accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) of Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly”), the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the fourth quarter of $0.492188 per share of Series A Preferred Stock.

This dividend is payable on December 31, 2013, to Series A Preferred Stock shareholders of record as of December 2, 2013.

In accordance with the terms of Annaly’s 7.625% Series C Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”), the Board of Directors of Annaly has declared a Series C Preferred Stock cash dividend for the fourth quarter of $0.476563 per share of Series C Preferred Stock. 

This dividend is payable on December 31, 2013 to Series C Preferred Stock shareholders of record as of December 2, 2013.

In accordance with the terms of Annaly’s 7.50% Series D Cumulative Redeemable Preferred Stock (“Series D Preferred Stock”), the Board of Directors of Annaly has declared a Series D Preferred Stock cash dividend for the fourth quarter of $0.46875 per share of Series D Preferred Stock. This dividend is payable on December 31, 2013 to Series D Preferred Stock shareholders of record as of December 2, 2013.


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

Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly

National Retail Properties, Inc. Declares Dividends on its 6.625% Series D and 5.70% Series E Preferred Stock

  

Orlando, FL  - The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock of 41.40625 cents per depositary share payable December 16, 2013, to shareholders of record on November 29, 2013. 

The Board also declared a cash dividend on its 5.70% Series E Cumulative Redeemable Preferred Stock of 35.625 cents per depositary share payable December 16, 2013, to shareholders of record on November 29, 2013.

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



Cousins Properties Declares Fourth Quarter Common Stock Dividend

  


ATLANTA, GA--Cousins Properties Incorporated (NYSE: CUZ) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.045 per common share, payable December 20, 2013, to common stockholders of record on December 6, 2013. The $0.045 per share quarterly dividend equates to $0.18 on an annualized basis.

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

Cousins Properties Incorporated
Cameron Golden, 404-407-1984
Vice President of Investor Relations and Corporate Communications


Marcus & Millichap Arranges Sale of 202-Unit Apartment Property in Ocala, FL for $7.6 Million


Carriage House I, 2701 Northeast 7th Street, Ocala, FL

Michael Donaldson
OCALA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Carriage House I and II, a 202-unit apartment property located in Ocala, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $7,676,000.

Michael Donaldson and Nicholas Meoli, senior associates in the Tampa, Fla. office of Marcus & Millichap had the exclusive listing to market the property on behalf of the seller, a limited liability company based in West Palm Beach.  The local buyer, a limited liability company, was also secured by Donaldson and Meoli.

Carriage House I and II consists of two multifamily properties located less than a quarter-mile from each other at 2701 Northeast 7th Street in Ocala, Fla.  Carriage House I was constructed in 2004 and is comprised of 130 units and Carriage House II was constructed in 2003 and has 72 units. 

The unit mix consists of 39 one-bedroom/one-bathroom units; 87 two-bedroom/one-and-a-half bathroom townhouse units and 76 three-bedroom/two-bathroom units. Property amenities include two sparkling swimming pools, a leasing office, washer and dryer connections in all units, and garages in all one-bedroom units.

Nicholas Meoli
"Although Carriage House was located in a tertiary market, we were able to generate tremendous interest, procuring 14 offers in 30 days from domestic and international investors," said Donaldson in a statement. 

"Due to the desirable attributes of the property, such as the 2003-2004 construction, low price per square foot, and a unit mix consisting of a majority of two and three-bedroom townhomes, we ultimately sold the property at full asking price," adds Meoli.

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

Richard D. Matricaria
Regional Manager
Tampa, FL
(813) 387-4700

$121 Million All-Cash Transaction Arranged by IPA for Domain San Diego Apartments in San Diego, CA

  
Domain San Diego apartments, 8798 Spectrum Center Boulevard
 Kearny Mesa communiity, San Diego, CA
 
Ron Harris
SAN DIEGO, CA – 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 Domain San Diego, a newly constructed 379-unit luxury apartment complex in the Kearny Mesa community of San Diego. The sales price of $121 million equates to $319,261 per unit.

            IPA executive vice president investments Ron Harris, IPA senior director Stewart I. Weston, Marcus & Millichap first vice president investments Christopher Zorbas, and Marcus & Millichap associate David Sperling represented the seller, a joint venture between Wood Partners and a fund sponsored by CBRE Global Investors.

Stewart I. Weston
 The buyer, Essex Property Trust Inc., purchased the asset on an all-cash basis. The property was approximately 80 percent occupied at the time of sale.

            “Domain San Diego was Wood Partners’ first multifamily development acquisition in San Diego County,” says Harris. “The luxury community boasts an amenity package reminiscent of a five-start resort and is surrounded by a wealth of high-profile employers.”

            “The limited number of institutional-quality apartment buildings in San Diego County made this a rare opportunity to acquire a true core asset in a high-barrier-to-entry market,” adds Harris.

Christopher Zorbas
            Located at 8798 Spectrum Center Blvd. in San Diego, the property is part of the San Diego Spectrum, a master-planned community that is easily accessible from both California State Route 163 and Interstate 15. 

            The Kearny Mesa submarket has more than 9 million square feet of office space and nearly 16 million square feet of industrial space.  

            “As the leading multifamily community in Kearny Mesa and one of the most desirable rental assets in central San Diego, Domain San Diego is poised to capture significant growth,” says Weston.

 “The long-term outlook for the submarket is robust, as the millennial generation continues to migrate to the area for high paying employment opportunities.  The strength of the economic forecast for the area helped prompt Essex to make its first acquisition in San Diego County in more than six years,” Weston concludes.    

David Sperling
            Constructed in 2012, Domain San Diego is a podium-style asset consisting of two residential structures built over two levels of subterranean parking. Community amenities include an adjacent two-acre park, three verdantly landscaped courtyards with sitting and dining areas, a Serenity pool with an enormous pool deck and spa, a two-story clubhouse with a residents’ lounge and a state-of-the- art fitness center, an outdoor fireplace, gourmet barbecue stations, gated underground parking, elevator access and on-site maintenance, management and package receiving.

            The property offers residents 13 unique floor plans that range in size from 598 square feet to 1,309 square feet. Apartment homes feature private patios and balconies, stainless-steel appliances, hardwood cabinetry, granite countertops, Affinity full-size front-loading washers and dryers and large oval soaking tubs. Select units feature floor-to-ceiling windows with stunning views.

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

Gina Relva
Public Relations Manager
(925) 953-1716

Taylor & Mathis Signs Hormel Food Sales & Brown and Caldwell to Leases at Sawgrass International Corporate Park in Fort Lauderdale, FL


Corporate Center I, Fort Lauderdale, FL

Donna Korn
Fort Lauderdale, FL --  Taylor & Mathis has signed two companies to leases at properties owned by The Brookdale Group in Sawgrass International Corporate Park. 

Hormel Food Sales, LLC (www.hormel.com) has leased 2,598 square feet at Corporate Center I. The deal was co-brokered by Donna Korn of Taylor & Mathis and David Brown of Brown Commercial Real Estate Services, LLC.

Brown and Caldwell (www.brownandcaldwell.com), an environmental engineering consulting firm, signed a 2,562 square foot lease at International Place I.  The deal was co-brokered by Donna Korn and Jennifer Patterson of Taylor & Mathis and A.J. Belt of CBRE.

Sawgrass International Corporate Park is South Florida’s largest office park.

Strategically bound by I-595, I-75 and Sunrise Boulevard, the state-of-the-art business park features a variety of business space from high-tech manufacturing and R&D to executive office suites and mid-rise Class A office projects. 

Jennifer Patterson
 Taylor & Mathis, the exclusive leasing agent for the properties, leases and manages a 436,853 square foot office portfolio at the park comprised of Corporate Center I, II & III, International Place I and Sawgrass Plaza.

Taylor & Mathis is a diversified real estate company specializing in the development, marketing and management of office buildings, suburban office parks, industrial parks and mixed-use projects. 

In Florida the company leases and/or manages a portfolio over 12 million square feet. Founded in 1967, the company has developed properties exceeding $1.9 billion in value and has established itself as one of the most respected regional real estate firms in the United States. 

 Based in Atlanta, with offices in Miami, Tampa, Orlando and Sunrise, Taylor & Mathis concentrates its business activity in primary growth markets in the southeastern United States.

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

Donna Korn
 (954)845-8840