Monday, June 16, 2014

Cuhaci & Peterson Architects completed remodeling design project for Winn-Dixie in Fort Lauderdale, FL


Lonnie Peterson
ORLANDO, FL – Cuhaci & Peterson Architects Engineers Planners was recently remodeling design of the Winn-Dixie store located Victoria Park Shoppes on U.S. Hwy. 1 and N.E. Sixth St. in Ft. Lauderdale.

Lonnie Peterson, chairman at Cuhaci & Peterson Architects, said the store remodeling, which is expected to get underway this month includes 42,000 square feet.

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


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

MHA Brokers Sale of 294-Unit Apartment Community in Macon, Ga.


Robert Stickel

MACON, Ga. (June 16, 2014) — Multi Housing Advisors (MHA) has arranged the sale of the 294-unit Ansley Village, located at 6435 Zebulon Rd. in Macon, Georgia.

Robert Stickel, a managing director in MHA’s Atlanta office, represented the seller, a joint-venture between MAA and Thackeray Partners, in the transaction. 

The buyer, Bluerock Real Estate LLC, is a national real estate investment firm headquartered in New York City.

“The sale of Ansley Village was a competitive process and proves the multifamily investment market continues to be incredibly active,” Stickel said. 

“Institutional investors are seeking in-place yields from properties eligible for attractive financing options and are willing to go to secondary and tertiary markets with growth stories.”

 Amenities include a business center, fitness center, pet park, swimming pool, clubhouse, laundry facilities, a playground and a media center. The property was constructed in 2008.

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

Stephen Ursery
The Wilbert Group
404-549-7150 (O)
404-405-2354 (C)


HFF arranges financing and joint venture equity for garden-style multi-housing community in Denver, CO


Charles Halladay
IRVINE, CA – HFF announced today that it has arranged financing and joint venture equity for One Dartmouth Place Apartments, a 418-unit garden-style multi-housing community in Denver, Colorado.

HFF secured a $24.64 million, 10-year, 4.09 percent fixed-rate loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program.  The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.

 HFF also arranged joint venture equity for the project, which was provided from a family office based in Southern California.  The capitalization will facilitate the implementation of an extensive renovation plan for the property.

               One Dartmouth Place Apartments is located at 11100 East Dartmouth Avenue approximately five miles northeast of the Denver Tech Center and is a 10-minute walk from the RTD Nine Mile light rail station. 

Brock Yaffe
Situated on 10.6 acres, the property is 95 percent leased and includes a mixture of studio, one- and two-bedroom units averaging 838 square feet each. 

Community amenities include two heated swimming pools, sauna, fitness center, indoor racquetball court, outdoor sport court, playground, barbecue and picnic areas, a newly renovated clubhouse and business/community service center.

The HFF debt placement team representing the borrower was led by director Charles Halladay and associate director Brock Yaffe. 

HFF director Mark Erland worked to secure the joint venture equity along with associate director Brock Yaffe and director Jordan Robbins.

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


HFF secures $50.6 million refinancing for 6-property New England retail portfolio


BOSTON, MA – HFF announced today that it has secured a $50.6 million refinancing for a six-property, 224,001-square-foot retail portfolio in the New England area. 

Working on behalf of Linear Retail Properties, HFF placed the fixed-rate loan with Allianz Real Estate of America, LLC.  Loan proceeds will be used to pay off existing debt.

Riaz A. Cassum
The portfolio consists of 1000 Bald Hill Road in Warwick, RI; Burlington Marketplace in Burlington, MA; Peabody Gardens in Peabody, MA; Flint Village Plaza in Fall River, MA; 345 Main Street in Reading, MA and 1 Carlisle Road (Rite Aid) in Westford, MA. 

The properties are 97.7 percent leased overall to tenants including Trader Joe’s, CVS Pharmacy, Rite Aid, Starbucks, Panera Bread, Chipotle Mexican Grill, Bank of America, Dunkin’ Donuts and many others.

The HFF debt placement team representing the borrower was led by senior managing director Riaz Cassum and senior real estate analyst Brett Paulsrud. 

“HFF was able to work very closely with our client and the lender to structure a loan that met all of their objectives,” said Cassum. “It is always rewarding to work with truly professional organizations such as Linear Retail Properties and Allianz.”

“HFF represented us in this large portfolio transaction and brought in their professionalism, excellent customer service and industry knowledge,” said Bill Beckeman, President and CEO of Linear Retail. “We are glad to inaugurate this new lending relationship with Allianz.”

Brett Paulsrud
Linear Retail Properties was incorporated in August 2003 and to date, has invested in 76 assets in its target area. The current portfolio of approximately 1.38 million square feet was valued at close to $500M as of September 30, 2013.

Based in Burlington, MA, Linear Retail is a leading acquirer, owner, developer and operator of retail properties in New England. 

Linear Retail owns 72 retail properties including convenience-oriented strip shopping centers, specialty storefront retail in select downtown neighborhoods, smaller, well-located centers in dominant retail destination corridors, net leased single tenant retail properties and urban retail condos.

 For more information visit www.linearretail.com or on Twitter: @LinearRetail
  
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


HFF arranges $18.5 million financing for retail property in Tysons Corner, Virginia


CVS Pharmacy, Tysons Corner, VA
WASHINGTON, D.C. – HFF announced today that it has arranged $18.5 million in financing for Rappaport to acquire the newly constructed CVS in Tysons Corner, Virginia, located at the corner of Leesburg Pike (Route 7) and Gallows Road, across from Tysons Corner Center.

HFF worked exclusively on behalf of Rappaport to secure the seven-year, fixed-rate loan through EagleBank.  The HFF team representing the borrower was led by managing director Mark Remington.

“This was a win-win outcome, Rappaport benefitted from the competitive lending environment and EagleBank was able to expand its existing relationship with Rappaport,” said Remington.

Mark T. Remington
Rappaport provides a full spectrum of retail services including leasing, tenant representation, property management, construction management, development, marketing, consulting and receivership services for retail space in shopping centers and mixed-use properties throughout Washington, D.C., Maryland and Virginia.

Headquartered in McLean, Virginia, Rappaport’s portfolio includes retail space in urban and suburban locations owned by affiliates of Rappaport, many local investors, and institutional clients.

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


Northern Virginia Shopping Center to receive a new face and anchor space


Alan Roth
WASHINGTON, DC--(BUSINESS WIRE)-- Regency Centers (NYSE:REG) has announced that Kings Park Shopping Center of Burke, VA will be getting an updated facelift, enhanced common areas and structural expansion.

“When Giant expressed a desire to expand their existing 28,161 SF store to 52,000 SF, we saw the opportunity to improve the center overall and provide long-term benefit to the community,” began Alan Roth, Senior Vice President and Senior Market Officer for Regency Centers.

“Giant will close its store June 19th and build an expanded store to serve the 125,000+ residents within 3 miles of Kings Park.

“Regency Centers placed a keen focus on 'placemaking' by enhancing the overall experience for the customer. As a result, residents will not only see improvements to their shopping center with the traditional re-surface of the parking lot and updated fa├žade, they will be thrilled with the warmth provided through new landscaping and the ability to mingle with neighbors in the new outdoor hardscape patio areas.”

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

Regency Centers Corporation
Eric Davidson, 904-598-7829
Communication Manager
or
Alan Roth, 703-442-4304
Senior Vice President, Senior Market Officer

Orlando’s SightPlan Appoints New Members to Board of Advisors


Alice Tanchel
ORLANDO, FL – Alice Tanchel, Francis Chow and Will Gorman have been appointed to the board of advisors for SightPlan, an Orlando-based software company focused on modernizing multifamily resident service and asset management with its approach to managing work orders, solving resident issues and enhancing asset value.

 Tanchel, managing director at Trammell Crow Residential; Chow, chief strategy officer at Renter’s Voice and Ellis Partners; and Gorman, chief architect at Pentaho, are all respected experts in their fields who bring distinct value to SightPlan, according to Joseph Westlake, co-founder of the company.


Francis Chow
 Westlake said Tanchel’s familiarity with multifamily operations and property development will provide insight as the company expands its footprint. 

Chow brings financial expertise and platform building to help measure resident loyalty, and Gorman’s technical background makes him an incredible resource to SightPlan’s development and product teams.

 The three join two other advisory board members: Nyla Westlake, president of asset management for Trammel Crow Residential, and Stephanie Brown, former vice president at Riverstone Residential.

 SightPlan is a member of the University of Central Florida Business Incubation Program.

Will Gorman
The University of Central Florida Business Incubation Program is a non-profit community resource, which provides early-stage companies with the tools, training and infrastructure to become financially stable, high growth/impact enterprises.

Since 1999, this award-winning program has helped hundreds of local startup companies (including nearly 150 current clients

and 100 graduates) reach their potential faster by providing vital business development resources.

With eight facilities throughout the region, the UCF Business Incubation Program is an economic development partnership between the University of Central Florida, the Florida High Tech Corridor Council, Orange, Osceola, Seminole and Volusia Counties, and the cities of Apopka, Kissimmee, Orlando, St. Cloud and Winter Springs.

Nyla Westlake
 From October 2011 to June 2013, the UCF network of current and graduated clients has helped create a total regional output of over $620 million resulting in a $6.16 return for every $1.00 invested in the program while sustaining (directly and indirectly) over 3,300 jobs in the Central Florida region.

For more information, visit www.incubator.ucf.edu.

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

Angela McCord, SightPlan, media@sightplan.com
 Melissa Wasserman, Site Manager, UCF Business Incubator-Orlando, 321-281-8384, Melissaw@ucf.edu
Charlene Hager-Van Dyke, Larry Vershel Communications, 386-532-8862 or 407-644-4142; chagervandyke@yahoo.com


Cousins Properties Second Quarter Earnings Release And Conference Call Notice


ATLANTA, GA June 16, 2014 -- Cousins Properties Incorporated (NYSE: CUZ) today announced that it will release second quarter earnings after the market closes on Wednesday, July 30, 2014.

Cousins invites you to participate in its Second Quarter 2014 Conference Call Thursday, July 31, 2014, at 11 a.m. (Eastern Time). The number to call for this teleconference is (212) 231-2914. A 14-day playback will begin at 1:00 p.m. Eastern Time on July 31 and run through Thursday, August 14, 2014.

To access the playback, please dial (402) 977-9140 and enter the passcode 21720225. In addition, the replay can be accessed on the Company's website, www.cousinsproperties.com, through the "Q2 2014 Cousins Properties Incorporated Earnings Conference Call" link on the Investor Relations page.                   

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

Marli Quesinberry,
Director of Investor Relations and Corporate Communications,
 404-407-1898,


Odebrecht Construction Signs Lease at SunTrust Plaza in Coral Gables, FL


Donna Abood
MIAMI, FL, June 16, 2014 - Colliers International South Florida is pleased to announce that Odebrecht Construction, Inc. has leased 17,788 square feet at 201 Alhambra Circle in Coral Gables, known as SunTrust Plaza.

Donna Abood, Chairman & Founding Partner and Ericka Witkowski, Commercial Associate with Colliers International South Florida, represented Odebrecht.

The new space will serve as the construction company's U.S. headquarters. Previously Odebrecht was located on two separate floors in the same building and have now consolidated to the 10th floor of SunTrust Plaza.

"Odebrecht is such an iconic company that has deep roots here in Miami, fundamental in building it into the city it is today," says Abood.

 "It was such a pleasure working with Odebrecht in finding a space that would optimize their operations. Consolidating to the 10th floor of this building will allow that advantage," she adds.

Ericka Witkowski
Odebrecht is a global leader in engineering and construction services, founded seven decades ago. They entered the U.S. market in 1990 and have since delivered vital infrastructure projects for federal, state and local governments, as well as private developers.

Locally, they've worked on the American Airlines Arena, Adrienne Arsht Center for the Performing Arts, Miami Metromover and the expansion of Miami International Airport, among others.

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

Crystal Proenza
Vice President of Marketing and Culture
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138

Watt Communities of Arizona Announces $21 Million in New Metro Phoenix Residential Infill Construction


Steve Pritulsky
PHOENIX, AZ (June 16, 2014) – Watt Communities of Arizona has doubled its Phoenix project pipeline and brought its total local construction commitment to more than $21 million with the announcement of two new urban infill communities:

The Enclave at 32nd Street and 16 Ocotillo. The move grows the company’s local presence and expands its product offerings to include single-family detached homes and urban townhomes in close-in suburban neighborhoods.

 We now have four flags on the map representing two concepts that we are extremely proud of and excited to bring to Phoenix,” said Steve Pritulsky, President and CEO of Watt Communities of Arizona. 

“They are all decidedly infill locations and will feature innovative indoor-outdoor living styles that today’s buyers are looking for.”

 The Enclave at 32nd Street is located on 3.46 acres just south of the southwest corner of 32nd Street and Cactus Road, in the Paradise Valley Mall area of North Phoenix. The community is directly off of the 51/Piestewa Freeway and immediately north of the highly acclaimed Basis Charter School. It is also situated less than one mile from the Phoenix Mountain Preserve recreation area.
  
Paul Timm
Scheduled to break ground in late 2014, The Enclave includes 31 two-story, single-family detached homes ranging from approximately 1,700 to 2,200 square feet. 

All homes deliver a welcoming front porch concept, creative side patios, builder-installed front yards and common area landscaping, walkable interior courtyards, and private rear-entry, two-car garages.

 “This development is based on a private drive design developed by our partners in California, and is a unique concept here in Arizona,” said Paul Timm, COO of Watt Communities of Arizona. 

“Having just one point of entry for the community adds a level of privacy and allows residents to own a small oasis within a bustling urban corridor. It is innovative housing in and active location, but also peaceful.”

 The second community, 16 Ocotillo, sits on 2.8 acres at the southwest corner of 16th Street and Ocotillo Road, between Maryland and Glendale avenues in North Central Phoenix. 

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

Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195

Lincoln Brokers Class A Office Leases Totaling 15,400 Square Feet in Orlando, FL

  
Robert Kellogg

 ORLANDO, FL (June 16, 2014) – Lincoln Property Company Southeast (Lincoln) has brokered Class A leases totaling 15,400 square feet in Orlando.

The details of the transactions are below:

• Blue Toad Inc. signed a long-term renewal of its 8,800-square-foot lease at Millenia Lakes II. Robert Kellogg, vice president of office leasing for Lincoln, represented the tenant and was the only broker involved in the transaction. Duke Realty is the landlord.

The 107,721-square-foot Millenia Lakes II is one of three Class A office buildings in the Millenia Lakes campus, which is located next to the Mall at Millenia.

• Gentiva Health Services signed a long-term renewal of its 6,600-square-foot lease at Baldwin Park II. Kellogg represented the landlord, MDS Baldwin Park LLC, and Jones Lang LaSalle represented the tenant.

The two-story, 34,089-square-foot Baldwin Park II is approximately five miles from Downtown Orlando, in Baldwin Park’s Village Center.

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

Stephen Ursery
The Wilbert Group
404-405-2354

Gary Sims Joins Pyramid Resorts Group as Senior Vice President


Gary L. Sims
BOSTON, MA, June 16, 2014—Officials of Pyramid Hotel Group, one of the nation’s largest, independent, hotel management companies, today announced Gary L. Sims has joined the company as senior vice president of Pyramid’s Resort Group.  He will be responsible for overseeing the company’s resort properties under management.

“Resort management is one of our core strengths, and Gary’s joining our senior management team reflects our continued commitment to be a leader in this specialized segment,” said Richard M. Kelleher, Pyramid’s principal and chief executive officer.

  “Our management team worked with Gary earlier in his career, and we have great confidence in his resort management abilities.  He brings unmatched experience in resorts from big-box to boutique, as well as a proven track record working with time-share properties.

 "His award-winning background includes some of America’s top branded and independent, five- and four-star resorts, as well as in-depth expertise in the Caribbean, Mexico and Central and South America.”

Richard M. Kelleher
            Sims previously was area managing director for Hilton Worldwide’s Las Vegas properties that generated $250 million in annual revenues, including four that were part of the Hilton Grand Vacation Division.  He is the former managing director of the 5-Star La Quinta Resort & PGA West—A Waldorf Astoria Resort.

 He oversaw the 800-room resort, 25,000 square-foot spa, 42 court tennis center and nine world-class golf courses, as well as some 650 annual transactions in condo and single family home sales.  During his tenure there, the resort was awarded Hilton’s Hotel of the Year, and Sims was named GM of the Year for Hilton.

            Prior to that, he was executive vice president and partner in Trust Hospitality, a third-party management company specializing in 4-Star luxury, boutique/lifestyle hotels, working on projects in Belize, St. Vincent & the Grenadines, Columbia, Honduras, Montenegro and Portugal. 

He previously was president and CEO of Nikki Beach Hotels & Resorts, a global brand that also included beach clubs, restaurants and night clubs.   He spent a decade with Starwood Hotels and Resorts Worldwide, Inc., rising through a number of area and resort management positions, culminating in being named vice president of development.  Sims also was a key manager during the rapid growth of Doubletree Hotel Company.

            Sims attended the University of Central Florida.  He is a Certified Hotel Administrator and is a member of the Board of Directors of Here’s Help Miami and the Board of Directors of the Palm Spring CVB.

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

Chris Daly
Daly Gray
(703) 435-6293