Sunday, March 9, 2014

The Buccini/Pollin Group Promotes Darren R. Anzelone and Brandon S. Flury to Support Expansion Plans

Darren R. Anzelone
             WASHINGTON, DC —Officials of The Buccini/Pollin Group, a privately-held, full-service real estate acquisition, development and management company, announced it has promoted Darren R. Anzelone to co-chief investment officer and Brandon S. Flury to vice-president as the company continues its aggressive growth plans into 2014.

            “During his decade tenure here, Darren has been responsible for oversight of transactions totaling in excess of $2 billion, including the acquisition, development, and redevelopment of sixteen hotels,” said Dave Pollin, co-founder.

 “Brandon has enjoyed similar success at BPG, helping execute financing of transactions totaling more than $725 million.  These promotions are an acknowledgement of those achievements, and also demonstrate our commitment to actively, and strategically expanding our hotel portfolio.”

            The company will open three new hotels during the second quarter of 2014: Homewood Suites Manhattan/New York, Westin Wilmington Riverfront, and Hampton Inn & Suites Christiana (Newark, DE)
The company also has two hotels under construction that will open in 2015:  the 310-unit (number) Embassy Suites Manhattan/New York and the 168-room Hampton Inn & Suites Washington, DC Capitol Hill/Ballpark District. 

In addition, the company is preparing to announce two additional hotel projects, one in the DC Metro area and another in downtown Portland, Oregon.  BPG plans to continue to grow its portfolio through acquisitions in 2014 and expects to add five new properties by year end.

Brandon S. Flury
            A seasoned hospitality veteran, Anzelone joined BPG in 2004.  In his new role, he will continue to be responsible for overseeing the development, acquisition and financing of new hotel investments throughout the United States, as well as being actively involved in the asset management of existing investments. 

“BPG is well positioned to take advantage of the current real estate cycle,” said Anzelone.  “Assuming nothing drastically unplanned occurs, all metrics point towards the hospitality industry enjoying robust growth for the next two to five years.  We will be a very active player during this time.”

            Previously, Anzelone was with Fremont Realty Capital, LP, a New York City-based real estate private equity fund and an affiliate of Fremont group, the private investment arm of the Bechtel family. 

Anzelone currently serves on the Board of the Tewaaraton Foundation (Heisman trophy of collegiate lacrosse), as well as the Board of Bethesda Lacrosse Association, a not-for-profit youth lacrosse organization serving 2,000 boys and girls.

 He holds a Bachelor of Science degree in Economics from the US Naval Academy, where he was a member of the Navy Lacrosse Team, and an MBA from The Wharton School of the University of Pennsylvania. 

David B. Polllin
            In his role as vice president, Flury will be responsible for the acquisition, structuring, and financing of new hotel investments, as well as the refinancing and ongoing capitalization of assets currently owned by the company.  Since joining BPG in 2007, he has been involved in a full range of underwriting, financing, due diligence, structuring, closing, and development activities on numerous high-profile hospitality projects.

“Hotels are a prime asset class right now,” noted Flury.  “Debt and equity are returning to the market for the right projects.  We will take advantage of the renewed interest in the hotel sector as we continue to expand our portfolio.”

Prior to joining BPG in 2007, Flury was a consultant for the global security group at Booz Allen Hamilton.  While there, he provided direct, on-site client service for the Department of Homeland Security.   Flury holds Bachelor of Arts degrees in International Relations and Chinese from the College of William & Mary.

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

Chris Daly, media
(703) 435-6293

Meridian Capital Group Arranges $10 Million in Permanent Financing for the Cazabella Apartments Located in Gainesville, FL

Cazabella Apartments, Gainesville, FL
New York, NY – Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, negotiated a $10 million mortgage to refinance the Cazabella Apartments multifamily property located in Gainesville, FL.

 The seven-year, non-recourse loan provided by a savings bank, features a fixed-rate of 4.13%. The 75% loan-to-value mortgage was rate-locked at application.

This transaction was negotiated by Meridian Managing Director, Michael Brown, and Directors, Noam Kaminetzky and Daniel Bockstoce, who are all based in the Company’s Boca Raton, FL office. 

 The 146-unit multifamily garden complex totals six acres and is located at 720 SW 34th Street in Gainesville, FL.

“Meridian was able to navigate the complexity of this transaction and structure highly favorable financing to save the client more than $1 million over the loan term as compared with the next best available option,” said Mr. Brown.

“While there was a lot of competition for this transaction, Meridian was able to leverage our unique lender relationships and negotiate superior transaction terms,” added Mr. Kaminetzky.

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

Jonathan M. Stern
Managing Director
Meridian Capital Group, LLC
1 Battery Park Plaza, 26th Floor
New York, NY 10004
Direct: 212.612.0181
Fax: 212.201.5181

NAI Realvest Negotiates New Retail Lease for The Honda Doctor on US 17-92 in Longwood, FL

Michael Heidrich

ORLANDO, Fla. – NAI Realvest recently negotiated a new long term lease for 2,500 square feet of retail space at 2350 S. US Hwy. 17-92 in Longwood. 

Michael Heidrich, principal at NAI Realvest, negotiated the transaction representing the local landlord SGS Holdings, LLC and the tenant, The Honda Doctor, based in Orlando.

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

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

Hold-Thyssen Closes $525,000 Sale of Restaurant Site on Highway 192 in Kissimmee, FL

Martin Forster
KISSIMMEE, FL --- Hold-Thyssen Real Estate Services recently negotiated the sale of a 0.66 acre restaurant site in Kissimmee at 5011 W. Irlo Bronson Highway (192) for $525,000 or $18.29 per square foot.

 Martin Forster CCIM, of Hold-Thyssen in Winter Park, negotiated the transaction representing the buyer, a restaurant development company.

 “This compact site on the north side of SR 192 just west of SR 535 is an ideal and economical location for a fast food restaurant,” Forster said. 

 The local seller, Poinciana New Township, Inc., was represented in the transaction by Shorecrest Retail Partners.

 Hold-Thyssen provides commercial property brokerage, leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current management portfolio includes more that 100 commercial properties throughout the United States.

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

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

Two Homewood, AL Assets Closed by Hendricks-Berkadia for $11,675,000

David Oakley

BIRMINGHAM, AL--- Hendricks-Berkadia, one of the nation’s largest and most active multifamily investment banking and research companies, recently negotiated the sale of Knoll Crest, a 150-unit apartment community, and the adjacent Olympia Village, a 127-unit apartment community, both located in Homewood, Ala. for a combined $11.675 million.

David Oakley, partner in Hendricks-Berkadia Alabama office negotiated the sale of Olympia Village and Knoll Crest representing the seller, Knoll Crest Partners, LLC/Olympia Partners, LLC, an Alabama limited liability company, based in Birmingham.

Olympia Village, built in 1976, has a total of 121,002 square feet of rentable living space with one-, two-, three- and four-bedroom apartments. Knoll Crest, built in 1975, has a total of 145,334 square feet of rentable living space with one-, two- and three-bedroom apartments.

The buyer was Knoll Crest Holding Company, LLC/Olympia Partners LLC, based in New Jersey.  Both properties have existing Fannie Mae loans that were assumed at closing by the Buyer.  The approximate balance on the loan for Knoll Crest was $5,629,517 at an interest rate of 4.31 percent.  The approximate balance on the loan for Olympia Village was $4,230,303 at a 6.18 percent interest rate. 

The buyer plans to complete light interior renovations and amenity upgrades to both properties.

The contiguous properties in Homewood are located within a half mile of the Magic City Five Portfolio, which Hendricks-Berkadia recently transacted consisting of five properties totaling 2,244 units that sold for $105,900,000 in the fourth quarter of 2013.

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

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

Cuhaci & Peterson Architects to design second East Coast Wings & Grill in Orlando, FL

ORLANDO, Fla. --- Cuhaci & Peterson Architects, Engineers, Planners based in Orlando’s Baldwin Park, recently was awarded a contract to design a second East Coast Wings & Grill facility.  

The new restaurant will be located at Orange Ave. and Pineloch. 

Cuhaci and Peterson also designed the first Florida franchise of East Coast Wings and Grill located on Alafaya Trail in east Orlando. 

Lonnie Peterson, chairman at Cuhaci & Peterson Architects, said the restaurant will offer 4,100 square feet of space and seat approximately 150 which includes the patio.

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

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

NAI Global Ranked Among Top Five Commercial Real Estate Brands in the 13th Annual Lipsey Survey

Patrick Mahoney
ORLANDO, FL – NAI Global, the world’s largest, most powerful network of owner-operated commercial real estate firms, earned a top five spot in the 2014 Lipsey Survey of Top 25 Commercial Real Estate Brands.

The survey was conducted among 100,000 commercial real estate professionals using a combination of ballot voting, phone interviews and focus groups to identify the top global brands.

NAI Global is the only commercial real estate network represented in the top five. NAI Realvest in Orlando is a Member of NAI Global.

“We are proud that the strength of the NAI Global network is reflected in the results of this year’s Lipsey survey,” said Patrick Mahoney, president of NAI Realvest. “Our ranking proves local ownership combined with global reach is important to commercial real estate professionals.”

The survey is conducted by The Lipsey Company, a leading training and consulting firm specializing in the commercial real estate industry to equip organizations and their practitioners with the skills necessary to succeed in today's competitive environment. The 2014 survey results can be found

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

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

Patrick Mahoney, 407-875-9989,


Cuhaci & Peterson Architects to remodel GFS Facility in Miami, FL

Lonnie Peterson

 ORLANDO, FL--- Cuhaci & Peterson Architects Engineers Planners were awarded a design contract to remodel the Gordon Food Services (GFS) Marketplace on SW 8th Street and 22nd Ave. in the Little Havana area of Miami.

Lonnie Peterson, chairman at Cuhaci & Peterson Architects, said the remodeling project will include 14,500 square feet.

Peterson added that Cuhaci & Peterson recently designed remodel of GFS facilities in Orlando at Bennett and Colonial Drive with 16,000 square feet and one on US Highway 92 in Daytona with 13,600 square feet of interior remodeled space.

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

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