Wednesday, September 24, 2014

Student Housing Reports at University of Central Florida, Orlando, FL and University of South Florida, Tampa, FL for 2014--2015 School Year

Paul Guyet
 ORLANDO, FL --For the second year in a row UCF encountered special challenges due to a number of factors:

1)  Poor leasing activity the prior year when approximately  1,200 beds went unrented at both on
campus and off-campus communities and

2)  The addition of two new off-campus communities that produced 2,208 new beds in ultra-deluxe
communities:  Plaza on University and The Retreat.

The result was that over 3,000 unrented and new beds plus over 15,000 occupied beds needed to be rented for the 2014-2015 school year.

Even with all this new competition, most properties filled up to an average occupancy rate that is just under 99%. However it was not without a lot of effort and incentives in the form of one to two months
of free rent, gift cards and waived administrative fees. 

University of Central Florida, Orlando, FL
UCF student housing has shown that it is a mature market that can navigate difficult waters. The good news is that there are no new student housing communities planned for delivery next year.

There is one conventional apartment complex that will come on line next year which will have one and two bedrooms.  Although it is not planned for students, because of its location it will attract students.

 It is being built behind the new Publix at Rte. 50 and Woodbury Road. One conventional apartment complex that caters to students sold last year and there were no sales of purpose built properties. The Gatherings changed its name to The Quad.

At USF leasing went well and many properties leased to over 95%. The difference between UCF and USF was that USF off-campus housing did not have to give nearly as many incentives as UCF off-campus housing had to give.

No new properties were built this past year which obviously helped leasing. Five purpose built properties were sold as well as an older conventional property on Bruce B. Downs.

 The property on Bruce B. Downs will be demolished and replaced with a new purpose built property of 180 apartments and 600 bedrooms. It will not impact leasing next year because it will not open until 2016.

Enrollment is stable at both schools, with total enrolment at about 60,500 students at UCF and 47,000 at USF. Enrollment at the main campus of USF in Tampa is about 38,500 students. Both schools leased up their on-campus housing and sent excess students to “affiliated” off-campus housing.

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

Paul M. Guyet
Student  Housing  Specialist
Smith  Equities  Real  Estate  Investment  Advisors
(407) 422-0704

Jeff Henson of Lincoln Property Co. Represents Tenants in Nearly 50,000 Square Feet of Metro Atlanta Leases

Jeff Henson
ATLANTA, GA – Jeff Henson, a senior associate in Lincoln Property Company Southeast’s Office Leasing Group, recently represented tenants in four commercial leases totaling 49,219 square feet in metro Atlanta.

 The details of the transactions are below:

·      Professional Products Unlimited Inc. signed a lease for 25,000 square feet of industrial space at 510 Plaza Drive in College Park, Georgia. Tanner Hicklin with Prologis represented the landlord.

·      Claddagh Resources signed a five-year lease for 5,619 square feet of Class A office space at 6200 The Corners Parkway in Norcross, Georgia. Adam Viente of JLL represented the landlord.

·      Schuff Steel signed a five-year, 5,000-square-foot lease for office space at 6650 Sugarloaf Parkway in Duluth, Georgia. Wes Hardy of Duke Realty represented the landlord.

Adam Viente
·      Action Specialty Carts signed a five-year, 13,600-square-foot lease for light industrial space at 1891 McFarland Parkway in Alpharetta, Georgia. Watt Neal with Wilson, Hull & Neal represented the landlord.

For more information on the Southeast Region of Lincoln Property Company, please visit To check out the blog, go to

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

Stephen Ursery
The Wilbert Group

Lincoln Property Co. and Harvard Investments Fill First Building at Waypoint Office Project in Phoenix, AZ

David Krumwiede
PHOENIX, AZ,  Sept. 24, 2014 – Lincoln Property Company (LPC) and Harvard Investments have reached 100 percent occupancy in the first building at the Waypoint office campus, thanks to a major tenant commitment by American Traffic Solutions (ATS). 

The lease is the first at the new two-building, Class A office development underway in Mesa, Arizona.

Under the new lease, ATS will relocate more than 600 workers to fully occupy Waypoint’s 108,000-square-foot Building One. An additional 150,000-square-foot building will soon be under construction at the site, and already is securing strong interest from potential single- and multiple-occupancy users.

 Dave Carder, Luke Walker and Eric Schultz, from the Phoenix office of CBRE, lead the project’s marketing and leasing efforts.

At completion, Waypoint will total approximately 258,000 square feet in two multi-story buildings on 19.55 acres. The project is located on the borders of Scottsdale, Tempe and Mesa, adjacent to the 250-acre Mesa Riverview mixed-use development in Phoenix’s booming Southeast Valley.

Mesa, AZ Mayor John Giles
“Waypoint represents the new era of creative office building design,” said Lincoln Property Company’s Executive Vice President David Krumwiede. 

“With large, open floor plans and high ceiling lines, the building will allow ATS employees to occupy their space in a myriad of ways – from expansive indoor workspace landscapes and more intimate ‘huddle rooms’ to shaded outdoor collaborative spaces.”

“This is exactly the type of development we want in Mesa,” added Mayor John Giles. “High quality jobs, next to two freeways and lots of restaurants and shopping make Riverview an ideal location for employment centers like Waypoint. We hope to keep the momentum moving and see more well-planned developments like this throughout Mesa.”

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

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

Hospitality Asset Managers Association (HAMA) Releases “2015 Take on Lodging Trends” Survey Results

Ruby Huang
 BOSTON, MA, Sept. 24, 2014—Officials of the Hospitality Asset Managers Association (“HAMA”) today released the results of a wide-ranging survey of asset managers' forecasts for the upcoming year in the hotel industry. 

With more than 110 participants, questions included RevPAR and ADR growth expectations and predictions on room service, free Wi-Fi and mobile check-in.

            The survey was conducted in preparation for HAMA’s 2014 Annual Fall Meeting held in Miami, Fla.  In total, 114 asset managers comprising more than half of membership participated in the survey. 

            “HAMA members are hotel asset management professionals responsible for proactively increasing asset values on behalf of hotel owners worldwide," said Ruby Huang, HAMA president.

 “This group represents more than 3,500 hotels and resorts across every major brand, accounting for 775,000 hotel rooms, 250,000 employees, $40 billion in annual revenue and $3 billion in capital expenditures.”    

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

Chris Daly, media                                                      
(703) 435-6293    

Steven Nicholas,
 (404) 262-9660            

Crossman & Co., in connection with Adams Brokerage Co., LLC has been appointed by Columbus Park Crossing East, LLC for a New Ground-Up Development Project in Columbus, GA

John Zielinski

ATLANTA, GA --- Crossman & Company and Adams Brokerage Co., LLC are pleased to announce that Crossman and Company has been appointed as the exclusive fee development agent for Columbus Park Crossing East, a new 60 acre, mixed use project that may include retail, restaurant, multi-family, residential, hotel, office, and medical space. 

“We are excited to be a part of the next phase of what is already an extremely successful retail destination development in Columbus, GA,” says John Zielinski, Senior Vice President of Crossman and Company.

If you have interest in learning more about this future development opportunity, please contact Dave Palumbo at 770.817.4696 or by email:

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

Sydnie Cobb
Crossman & Company

New Retail Tenants Join Town of Apple Valley; Town Adds Homes and New Development Opportunities

Orlando Acevedo

APPLE VALLEY, CA,  (Sept. 24, 2014) - The Town of Apple Valley, located in the High Desert region of the Inland Empire in Southern California, has experienced a number of new retailer expansions and development, further adding to this growing town’s quality of life.

“Recent new home construction is driving the demand for more retailers to serve our population. Although we’ve had good retail growth over the last few years, we are still seeing retail gaps as our residents look to other markets for their consumer demands. We have an opportunity to bring in the kinds of services and dining options that our local population and businesses need,” shared Orlando Acevedo, economic development manager, Apple Valley.

According to government officials, the latest sales tax revenue quarterly report for Apple Valley shows a 3.9% increase over the same time last year.

 In addition, residential permits for single family homes have tripled since 2012-2013. According to Coldwell Banker, the region has reached 95 percent of retail taxable sales since the 2006 recession, underscoring the recovery that is occurring. 

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

Darcie Giacchetto
Spaulding Thompson & Associates