Thursday, February 5, 2015

The Altman Companies Sells Four Florida Apartment Communities for More Than $223 Million

Joel Altman
BOCA RATON, FL – The Altman Companies, a nationally recognized, vertically integrated development, construction and management company of luxury apartment communities, recently sold four of its Altis-branded developments to four different buyers for a combined price of approximately $223.25 million.

Three of the properties are located in South Florida, the company’s home market, and one in the Tampa Bay area.

“We are proud of all the developments, as well as the great quality and value our buyers received,” said Joel Altman, chairman of The Altman Companies. “The multi-family market remains strong and we expect another great year in 2015.”

The Altman Companies currently has 1,229 units under construction in Florida and an additional 1,292 units in the pipeline for 2015 starts. All of the properties are Class A and highly amenitized, offering residents an “Exceptional Living Experience.”

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

Ashley Fierman,
(954) 370-8999

FrontDoor Communities Hires Irene Hall to Lead Sales and Marketing Team in Atlanta, GA

Irene Hall
ATLANTA, GA – FrontDoor Communities announced it has hired Irene Hall as vice president of sales and marketing.

 In this role, Hall will oversee all mass marketing, corporate branding, strategy, media, public relations and marketing brand standards for FrontDoor and its communities. 

She will assist division management in all sales team oversight and training, assess competition and market trends and be a key player in acquisition evaluation, pricing and community positioning.

“With extensive experience in marketing residential communities in the Southeast, Irene is a perfect addition to the FrontDoor Communities team," said Terry Russell, chief executive officer at FrontDoor. “She will play a vital role in our strategy to continue expansion in the Southeast market.”

Most recently, Hall served as marketing manager at homebuilder Pulte Group. She led all marketing practices for the Georgia division, which included Pulte Homes and Del Webb master-planned communities.

Terry Russell
Just prior, she was vice president of marketing at Evolv, where she provided brand positioning and strategic marketing management for multi-family, mixed-use and master-planned communities. 

She has also held leadership roles at Sivica and Full Circle Productions.

Hall has a bachelor’s degree in broadcast journalism and a master of fine arts from Florida Atlantic University. She started her career as a journalist at CNN before moving into the marketing and real estate spaces.

Hall is based at FrontDoor’s headquarters in Atlanta. FrontDoor has communities in metro Atlanta, Southwest Florida, and the Charleston, South Carolina, area.

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

M.C. Rhodes •The Wilbert Group
1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309
O: 404-343-0274  • M: 678-983-5867

Lincoln Harris Releases Q4 2014 Charleston, South Carolina, Office and Industrial Reports

Mike Ferrer
CHARLESTON, SC (Feb. 5, 2015) — Charleston’s office and industrial real estate markets continued their ongoing improvement during fourth-quarter 2014, as the overall vacancy rate in both sectors declined.

Those are the findings of Lincoln Harris’ latest quarterly reports on the office and industrial markets in Charleston. 

The reports include market statistics, such as vacancy rates; total net absorption and average asking rents; recent investment sales; and signed lease transactions.

Charleston’s industrial market has started to see an uptick in leasing, with net absorption of 848,045 square feet in 2014 versus -670,165 square feet one year earlier. 

Vacancy declined during the fourth quarter by 50 basis points from the previous quarter to 7.8 percent.

“The industrial market has benefitted from the construction boom in Charleston,” said Mike Ferrer, CCIM, vice president of Lincoln Harris’ Charleston office. “Contractors, building suppliers and trades have made up a significant amount of the industrial demand in 2014 and will continue to do so into 2015.”

Rendering of Planned Courier Square, Charleston, SC
In the fourth quarter, one industrial building was delivered in the greater Charleston area — a 31,700-square-foot facility, located at 2094 Wambaw Creek Road.

 Donovan Marine Inc. is the owner and occupies 13,350 square feet in the new building, leaving 18,530 square feet available for leasing.

Charleston’s office market continued to tighten with 123,560 square feet of total net absorption during the fourth quarter. From the first quarter of 2013 to the fourth quarter of 2014, vacancy rates declined from 12.2 percent to 9 percent.

As for new construction, Evening Post Industries’ redevelopment of 12 acres around The Post and Courier’s downtown building is scheduled to break ground in early 2015.

The development – named Courier Square – will include 63,400 square feet of office space and 19,400 square feet of retail/office space on the ground floor, as well as 225 apartments. The development is scheduled for completion within 18 months.

“Technology start ups and incubators continue to drive development in the new ‘NoMo’ district on the Upper Peninsula,” Ferrer said.

For these reports and more, visit:
 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)

One Unit Sold, Two Units Under Contract at The residences at Mandarin Oriental, Atlanta

Karen Rodriguez
                                                 ATLANTA, GA – Building on the sales momentum of last year, iStar Residential, a division of iStar Financial Inc. (NYSE: STAR), is pleased to announce that the first sale of the year has closed at The Residences at Mandarin Oriental, Atlanta.

Within the first few weeks of January, Karen Rodriguez, the exclusive listing broker for the project, kicked off the new year by putting two more homes under contract.

“The momentum at The Residences is obvious with 50 percent of our building already sold,” said John Kubicko, senior vice president for iStar Financial.

“Our building is the only luxury one in the area with ready-to-move-in inventory, and the product is clearly resonating with buyers. 

John Kubicko
"After selling the eight finished homes we put on the market in record time last year, we believe this next phase of 10 available residences will move quickly.”

Out of the limited inventory available, iStar plans to leave six units as shells for discerning homebuyers seeking a fully customized home. These remaining units are expected to sell by the end of the year.

“Our homes really represent a new Buckhead, where stuffy traditional is out and sophisticated, high-end design with a mix of modern elements and clean lines is in,” Rodriguez said. “We have worked hard to reposition this property as the premier address in Buckhead, and we believe we have done exactly that.”

iStar recruited Rodriguez in December 2013 to take over all sales and marketing. Rodriguez and her team created an entirely new sales campaign, messaging, and product offering, which resulted in $20 million in sales at the property in 2014.    

 For a complete copy of the company’s news release, please contact:
Tony Wilbert
The Wilbert Group
Tel: 404-965-5022

Lexington Homes Kicks Off Sales for Lexington Crossing Townhomes in Rolling Meadows, IL

Jeff Benach
Chicago, IL - Chicago-based Lexington Homes has announced the start of sales at Lexington Crossing, a community of 54 townhomes in downtown Rolling Meadows, Ill. 

Lexington plans to break ground in the next few weeks on three model homes that will showcase Lexington’s popular open floor plan designs.

“We are very excited to be part of the Rolling Meadows community and, in particular, its downtown area,” said Jeff Benach, co-principal of Lexington Homes.

“In recent years, Rolling Meadows has made a strong commitment to increasing the town’s livability to create a healthier, more vibrant community.

“Some of the town’s initiatives include a community-wide bike system and a weekly ‘Farmers and Food Trucks’ event in the summer.

" Lexington Crossing will help further support those enhancements by providing affordable new-construction homes within walking distance of those and other community attractions.”

For a complete copy of the company’s news release, please contact:
Kelly Shumaker,, 312-267-4519
Emily Johnson,, 312-267-4522

Taylor Johnson Now Represents john greene Enterprises

Emily Johnson
 CHICAGO, IL – Emily Johnson, President, Taylor Johnson has announced her firm now represents Naperville, Ill.-based john greene Enterprises, one of the largest privately held residential and commercial brokerage firms in the western suburbs.

Established in 1976, john greene is a family-owned business with a deep history in land acquisition and disposition services, and residential real estate.

The firm comprises three divisions: john greene Realtor, john greene Commercial, and john greene Land Company.

Led by its founder’s son, Tim Greene, since 2010 alone, the firm’s commercial and land experts have sold more than 10,400 acres of land, and executed approximately $1.7 billion in residential, commercial and land sales.

Tim Greene
The firm’s highly successful mentoring and training program has generated new-to-the-industry residential agents who outperform their closest competitors by a 6:1 ratio.

Overall, the firm’s agents outperform the competition by 45 percent in total dollar volume and 40 percent in number of transactions per producing agent.

In 2014, john greene Realtor outperformed the Chicago area residential real estate market in transaction volume by 12 percent.

For more information on john greene Realtor, john greene Commercial, or john greene Land Company, please contact Julie Liedtke at Taylor Johnson at (312) 267-4521 or

Westgate at The Glen in Glenview, IL Tops 50-Percent Sold Mark

Jerry  S. James
CHICAGO, IL – Glenview, Ill.-based homebuilder Edward R. James Homes announced that Westgate at The Glen, a 171-unit community in Glenview, Ill., is 50-percent sold just over seven months after opening sales.

An additional 32 reservations have been made for the community’s 70 rowhomes, 38 cluster single-family homes and 63 mews townhomes, which will be delivered in two phases.

“The sales for Westgate at The Glen have been terrific, and reflect the strength of demand for the right type of home in the right location at the right price,” said Jerry S. James, president of the Edward R. James Companies.

“We’re seeing buyers of all ages who desire maintenance-free living in a quality home that’s in a prime North Shore location. It’s the trifecta many of today’s homebuyers have been waiting for.”

For a complete copy of the company’s news release, please contact:
Julie Liedtke,, (312) 267-4521
 Kim Manning,, (312) 267-4527

NAI Realvest Negotiates Office Leases in Longwood, Winter Park and East Orlando, FL totaling more than 11,000 Square Feet

Mary Frances West
ORLANDO, FL – NAI Realvest recently negotiated four lease agreements for office space totaling 11,298 rentable square feet in Longwood, East Orlando and Winter Park.

Tom R. Kelley II, CCIM, a principal at NAI Realvest, brokered the lease for renewal and expansion of 4,520 square feet on behalf of W.P. Management, the landlord at the Oak Reserve II office building, 661 Warren Ave. in Longwood.  The tenant is U.C. Synergetic LLC, a national engineering, technical and consulting firm.

Senior Broker Associate Mary Frances West, CCIM along with Kelley and Associate Chris Adams represented landlord Gateway Plaza Ltd. at 1201 S. Orlando Ave. in Winter Park in a lease agreement with Phoenix-based CREI Advisors LLC, the new tenant who will occupy 4,678 square feet. 

Kelley also negotiated the lease of 2,100 square feet at Lake Underhill Business Center, 11549 Lake Underhill Rd., on behalf of the landlord Harrington/Mishler LLC of Windermere.  Tenant new Digital Legal Medical Records, LLC was represented by Jim Light of Keller Williams Realty. 
For a complete copy of the company’s news release, please contact:
Beth Payan or Larry Vershel, Larry Vershel Communications,