Thursday, March 5, 2015

Stonemark Managing Arizona and Texas Apartments

Ashley Park Apartments, Houston, TX

Atlanta, GA – Stonemark Management is making big strides into new markets. The firm is now managing multifamily communities in Arizona, while expanding its management portfolio in Texas.

In Mesa, Arizona, near Phoenix, Stonemark is now managing agent for The Brittany Apartments, which has 92 units, and Sierra Madre, a 206-unit property.

The Brittany Apartments, Mesa, AZ
The firm is supervising more than $1.3 million in renovations over the next two years. 

Residents at both communities will receive new appliances, flooring and fixtures. Improvements are also planned for the pool areas, landscaping and exteriors.

 Plus, the Brittany will get better heating and air conditioning, while Sierra Madre’s fitness center and leasing office will be refurbished.

Stonemark also added another Houston, Texas community to its management portfolio – Ashley Park, which is being renamed The Edge at City Centre.

The firm is managing a $2.1 million renovation of the 284-unit property, which will get a brand new fitness center and laundry room. Plans include upgrading the interiors, exteriors, both pool areas, the clubhouse, landscaping, signs and the parking lot.

Michael Taylor
Privately held real estate investment firm 29th Street Capital recently acquired all three communities, choosing Stonemark to manage its new assets.

 “Stonemark has been an excellent management partner, and we look forward to the added value its team will bring to these properties,” said 29SC Managing Partner Robb Bollhoffer.

Stonemark now manages apartment communities in 10 states, and is looking to further expand its footprint.

“Stonemark is actively seeking management and partnership opportunities in Southeastern and Southwestern markets,” said Michael Taylor, CEO of The Stonemark Group. “We pride ourselves on our depth of experience in the management, leasing, marketing, due diligence, design, development and rehabilitation of multifamily properties.”

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

Thornton Communications
p:404-932-4347 |

Chicago-Based Essex Realty Group, Inc. Celebrates 25 Years of Investment Real Estate Activity

Douglas Imber
CHICAGO, ILLINOIS – Thursday March 5, 2015 - Essex Realty Group, Inc. is proud to announce we are celebrating our 25th anniversary of serving Chicago’s investment real estate community. 

According to Costar, Essex is the leading brokerage company in Chicago’s mid-market apartment industry ($1million to $30 million).  Costar reports that during 2014, Essex completed approximately 25% of all brokered Chicago transactions, materially more than its nearest competitors. 

According to Doug Imber, President of Essex, “Technology has allowed us to access national and international investors like a national company, but we’re also able to provide our clients with information and trends at a local or granular level. 

“Similarly, while we have a large staff to thoroughly cover the market, we’ve stayed nimble enough to adjust quickly to changing market conditions. 

Douglas Fisher
“For example, we were first movers during 2007 in servicing lenders in distressed sales, capturing the leading market share in that segment.  When we saw those transactions slowing down we were able to adjust quickly and focus again on serving private capital.”

Imber added “Our differentiation relies on our market expertise, performance and client service.  But more importantly, it is based on our relationships. 

“To that end, we are grateful beyond words for Chicago’s long support and trust.  It is what has permitted us to succeed for 25 years, to have provided for our own families and, hopefully, to have made a difference in the lives of our clients and their families.”
For a complete copy of the company’s news release, please contact:

Douglas Fisher
Essex Realty Group, Inc.

Charles Dunn Company Completes 19,856-Square-Foot Lease with Occupational Therapy Training Program in Torrance, CA

Chris Runyen
LOS ANGELES, CA – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed a five-year, 19,856-square-foot lease renewal with Occupational Therapy Training Program (OTTP) Los Angeles.

The space is within Harbor Gateway Garden Office Park, a 94,112-square-foot, nine-building office property located at 19401 S. Vermont in Torrance, Calif. The lease is valued at $1.5 million. 

Chris Runyen, senior managing director with Charles Dunn Company, represented the tenant, OTTP, a non-profit agency that offers comprehensive life skills training, work readiness training, job placement, and a variety of support services. OTTP is a division of Special Service for Groups (SSG).

The landlord, Harbor Gateway, LLC, was represented by Dwight Everest of Sunny Hills–Palladium.

“OTTP has been growing within the property for numerous years. Because of this growth, its space wasn’t conducive to its current needs,” said Runyen. “I advised OTTP on other space options for  consideration, however, it decided to renew its lease after a successful negotiation with the owner, resulting in a compelling reduction in rent, as well as cosmetic improvements to the space.”

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

Darcie Giacchetto

HC Real Estate Capital Arranges Over $76,500,000 in Financings In The Last 90 Days

Kurt Hoffmann
Delray Beach, FL –  Kurt Hoffmann and Chris Caveglia of HC Real Estate Capital have arranged over $76,500,000 in commercial mortgage transactions in the last 90 days for various properties throughout Florida and Virginia. 

The pair recently arranged the following loans:

  • $24,000,000 in permanent and construction financing for a 375 unit multi-family property located in Brandon Florida. 
  • $16,125000 in permanent Life Company financing for the acquisition of a 143- unit multi-family property located in Newport News, Virginia.
  • $10,500,000 in permanent Life Company financing for the 28,259 SF retail property located in Delray Beach Florida. 
  • $6,200,000 in acquisition financing for a 57,713 SF retail property located in Key Largo, Florida.
  • $5,500,000 in permanent financing for a 15,471 SF office & retail property on the island of Palm Beach in Florida.
  • $4,950,000 in financing for a Wal-Mart Neighborhood Market located in Delray Beach, Florida.
  • $4,200,000 in acquisition financing for a 74,522 SF retail property located in Kissimmee, Florida.
  • $3,700,000 in acquisition financing for a 99,103 SF retail property located in Orlando, Florida. 
  • $1,500,00 in acquisition financing for a 48,433 SF retail property located in Avon Park, Florida. 

Chris Caveglia
The Principals of the firm stated, “HC Real Estate Capital has been active in covering the market for their borrowers with Life Insurance Companies, Commercial Banks and CMBS lenders.  The recent loan closings have accomplished the borrower’s goals of acquisition financing, construction financing and ordinary refinancing of existing debt at extremely attractive rates and terms.” 

HC Real Estate Capital, LLC is a privately owned mortgage-banking firm founded by Kurt Hoffmann and Chris Caveglia.  Based in Delray Beach, Florida, HC Real Estate Capital arranges permanent commercial and multifamily real estate loans. 

The company has a broad capital provider base that includes insurance companies, CMBS lenders, pension fund advisors and commercial banks.

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

Chris Caveglia
HC Real Estate Capital, LLC
660 Linton Blvd. Ste 200 EX5
Delray Beach, FL 33444
Direct: 561-266-3273
Mobile: 561-376-3176

Stirling Sotheby’s International Realty Names British Transplant Tony Creese Global Marketing Specialist at Lake Nona Real Estate Gallery

Tony Creese
ORLANDO, Fla. --- Stirling Sotheby’s International Realty has named Tony Creese a Global Marketing Specialist in the firm’s Lake Nona Real Estate Gallery.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said Creese is a native of Esher Surrey, U.K.  He attended Kings College in London and  was formerly owner and CEO of a fashion manufacturing firm in London where he gained extensive experience in property development and corporate sales.  

Creese is also a highly trained airline pilot, certified in pilot training, as an examiner for instrument flight tests and is also a jet aircraft simulator instructor.  

He was chief pilot instructor at London School of Flying for 10 years and a member of the Education and Training Advisory Committee for the Royal Guild of Pilots.

Roger Soderstrom
Creese emigrated to Orlando in 2009 and became certified as a Florida Realtor.

Soderstrom said Creese will focus on representing buyers and sellers in the Lake Nona Medical City region.  He will also represent international clientele relocating to Central Florida. 

“We have great expectations for Tony,” Soderstrom said. “He has excellent contacts in the U.K. and we anticipate he will play an important role in our growth at Stirling Sotheby’s International Realty.”

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

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

NAI Global Ranked Fifth Among Top 25 Commercial Real Estate Brands in 14th Annual Lipsey Survey

Robin L. Webb
ORLANDO, Fla.  – NAI Global, the world’s largest, most powerful network of owner-operated commercial real estate firms, earned the fifth spot in the 2015 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 evaluate innovation, responsiveness and quality of service.

 NAI Global is the only commercial real estate network of independently owned and operated firms represented among the top five NAI Realvest based in Orlando is a member of NAI Global.

 “We are proud to be part of the NAI Global network, and that our strength and achievements are recognized by our industry peers and colleagues and reflected in the results of this year’s Lipsey survey,” said Robin Webb, managing director at NAI Realvest.

The survey is conducted by The Lipsey Company, a leading training and consulting firm specializing in the commercial real estate industry. 

The 2015 survey results can be found at

For a complete copy of the company’s news release, please contact:
 Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

NAI Realvest Negotiates Leases of Warehouse/Distribution Space totaling 71,638 square feet in Longwood, FL

Michael Heidrich
ORLANDO, Fla. --- NAI Realvest recently negotiated four leases for a total of 71,638 rentable square feet of warehouse and distribution space at South Seminole Industrial Center on Florida Central Parkway off SR 434 in Longwood. 

Michael Heidrich, principal at NAI Realvest, represented the landlord Eckstein Properties, LLC of New York in lease agreements with -Bell-Chem Corp., a Florida company who renewed its lease of 30,915 square feet at 1175 Florida Central Parkway and leased an additional 15,399 square feet.     

At the same time Heidrich negotiated a lease renewal with Distributors’ Source of Florida Inc. who relocated from 1175 to 1075 Florida Central Parkway with 15,444 square feet. 

Heidrich also negotiated a new lease agreement for 9,880 rentable square feet at 975 Florida Central Parkway.  Match-Up Promotions, Inc. is the new local tenant.

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

Beth Payan, Larry Vershel Communications, 407-644-4142