Tuesday, August 11, 2015

Annaly Capital Management, Inc. Announces Preferred Dividends

NEW YORK, NY, Aug. 11, 2015--(BUSINESS WIRE)-- In accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) of Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly”), the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the third quarter 2015 of $0.492188 per share of Series A Preferred Stock.

This dividend is payable on September 30, 2015, to Series A Preferred Stock shareholders of record as of September 1, 2015.

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

Annaly Capital Management, Inc.
Investor Relations

Marcus & Millichap Arranges Sale of villas of Pembroke Pines in Pembroke Pines, FL

Adam Duncan
PEMBROKE PINES, FL  – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Villas of Pembroke Pines, a 40-unit apartment property located in Pembroke Pines, Fla., according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office.

The asset sold for $3,180,000 equating to $79,500 per unit.

Adam Duncan, a senior associate, Joseph P. Thomas, a vice president investments and Derek Soven, an associate, in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a private investor from Sewalls Point, Fla., and the buyer, a private investor from Hallandale Beach, Fla.

“We were able to generate multiple offers through our marketing process and ultimately closed at our asking price,” says Duncan. 

Joseph P. Thomas
“The buyer was able to add to their footprint in Southern Broward County allowing for continued growth of their portfolio with the acquisition” Thomas added. 

The Villas of Pembroke Pines consist of two, two-story multifamily buildings totaling 40 units located just east of Florida’s Turnpike, south of Pembroke Road. 

The property offers an excellent unit mix including 32 one-bedroom apartments and eight two-bedroom apartments. The units feature spacious floorplans with ceramic tile flooring, electric appliances, walk-in closets and central air-conditioning.

The property is located at 6601 and 6661 SW 18th Street near many area schools and colleges, including a number of flight schools, Florida International University, Broward College, Pembroke Pines Elementary School, West Hollywood Private School and Flanagan High School. 

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

Ryan Nee
Regional Manager
 Fort Lauderdale, FL

(954) 245-3400

ACME Furniture, Convey Health Solutions and Florida PACE Centers Lease a Combined 134,000 Square Feet of Space at Miramar Park of Commerce in Miramar, FL

Maridee Bell
MIRAMAR, FL (Aug. 11, 2015) – Three companies have signed leases totaling 134,000 sq. ft. at the Miramar Park of Commerce, the largest locally owned and managed Business Park in South Florida. They are:

ACME Furniture, a national corporation with eight warehouses across the United States, has leased 70,164 square feet of warehouse space in MPC 29-A, 9641-9633 Premier Parkway. 

The warehouse will double as a distribution facility for the company’s vast furniture and home furnishing selections. 

Representing the Park in the transaction were Maridee Bell and Ryan Goggins of Sunbeam Properties and representing ACME Furniture was Maurice Pardo and Rafael Villamizar of Vertical Strategies.

Convey Health Solutions, Inc., a large-scale solution provider of health insurance processes for more than a decade, has leased 51,863 square feet of office space in MPC-12B at 2900 N. Commerce Parkway. The office space will be utilized for health insurance enrollment, processing and billing. Representing the Park in the transaction were Bell and Goggins and representing Convey Health Solutions was Ryan Nunes and Scott Allen of CBRE.

Ryan Goggins
Miami Jewish Health Systems has leased 12,538 square feet of space at the Miramar Park of Commerce to establish its fourth Florida PACE Center, located at 2814 Corporate Way. Florida PACE is a comprehensive program responsible for all acute and long-term care services for more than 575 seniors on Medicaid and Medicare, at home or in healthcare facilities. 

Representing the Park in the transaction were Bell and Goggins and Ken Barber and Phyllis Baker of Trion 1 Ventures, Inc. acted on behalf of Miami Jewish Health Systems/Florida Pace.

This year the Miramar Park of Commerce, consisting of more than five million square feet of warehouse, flex and office space, is celebrating 30 years of serving the community since it first broke ground in 1984.  The Park is currently leased at a record 97 percent.
For more information, contact Ryan Goggins (rgoggins@wsvn.com) or Maridee Bell (mbell@wsvn.com) at 10212 USA Today Way, Miramar, FL 33025 or call 954-450-7900.

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

Pierson Grant Public Relations
Maria Pierson, ext. 222 mpierson@piersongrant.com
Lexi Robinson, ext. 255 lrobinson@piersongrant.com

Stirling Sotheby's International Realty is Marketing all New Waterfront Custom Built Homes at The Peninsula at Island Lake in Longwood, FL

Artist’s rendering of The Murano one of the luxury homes by Oakwood Construction and Development available at The Peninsula at Island Lake in Longwood, FL

LONGWOOD, FL -- Stirling Sotheby’s International Realty was named sales and marketing agents for The Peninsula at Island Lake, an exclusive enclave of 11 waterfront and conservation view home sites in Longwood.

Marisol Santiago Soderstrom and Little Friend
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said the custom home sites in the private gated community range from one-half acre to more than one acre and are priced from $95,000 to $115,000. 

Within the first two weeks of project launch, Soderstrom said three of the homesites with custom homes have already been sold.   Custom home prices including lots range from the $400s to the $700s.

International Luxury Home Specialist Marisol Santiago Soderstrom is representing the property. 

The Peninsula at Island Lake is a signature development of Oakwood Construction and Development who is also developing the luxury Palermo Vista villa community in the Longwood-Lake Mary area. 

To view a property brochure, visit www.PeninsulaAtIslandLake.com

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

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

Emerson International Negotiates Long Term Lease with Millers Ale House at Major Plaza II in Southwest Orlando, FL

Kenneth Koch
ORLANDO, FL --- Emerson International recently negotiated a long-term lease agreement for 18,944 rentable square feet at Major Plaza II, located at 5750 Major Center Blvd. west of Kirkman Rd. near International Drive.

Kenneth Koch, director of leasing, negotiated the transaction on behalf of Emerson, the landlord of the Major Plaza office development. 

Millers Ale House is the new tenant who leased the entire 4th Floor of the 84,000 square foot mid-rise office building for its new corporate administrative offices.  

Millers Ale House, a casual sports bar-themed restaurant, has 70 locations across the US.  Joe Hills of Jones Lang LaSalle represented the tenant.

Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies in the U.K. 

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

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

WNC provides $3.2 million in LIHTC equity to fund Hi-Lake Triangle Apartments, a new 64-Unit Affordable Senior Housing Community in Minneapolis, MN

Michael Gaber
MINNEAPOLIS, MN – Aug. 11, 2015 – WNC, a national investor in real estate and community development initiatives, announced today the completion of Hi-Lake Triangle Apartments, a newly constructed 64-unit affordable senior housing community in Minneapolis.

 WNC provided approximately $3.2 million in low-income housing tax credit (LIHTC) equity to fund the new development.

“WNC is pleased to have participated in the development of Hi-Lake Triangle Apartments, delivering new, affordable senior housing to an area, and a nation, in desperate need,” said WNC Executive Vice President and Chief Operating Officer Michael Gaber.

“We are thrilled to help deliver this new community, providing many high quality amenities to its residents.”

Hi-Lake Triangle Apartments is a six-story building comprised of 53 one-bedroom and 11 two-bedroom units.

 Located at 2230 E. Lake St., approximately 3 miles from downtown Minneapolis, the elevator-serviced community is part of a mixed-use development containing 5,385 square feet of ground floor retail space.

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

Julie Leber
Spotlight Marketing Communications
949.427.5172 ext. 703

Conor Commercial and Globe Corporation Announce Launch of AZ|60 Industrial Development in Gilbert, AZ

Rendering of planned AZ|60 Industrial Development, Gilbert, AZ

          PHOENIX, AZ  – Joint venture partners, Conor Commercial Real Estate, a member of The McShane Companies, and Globe Corporation, are pleased to announce the acquisition of a 16-acre land parcel for the development of AZ|60 – a new two-building, 225,600 square foot industrial project.

Bill Honsaker
 Available for-sale or lease, the speculative facilities will offer modern design and flexible configurations to meet the growing demand within Gilbert’s booming industrial sector.  The venture will break ground in October with occupancy slated for April 2016.

AZ|60 is located within Fiesta Tech Center on the northeast corner of Desert Lane and Colorado Street, near the intersection of Arizona Avenue and Baseline Road in the Town of Gilbert, Arizona.

  Located 20 miles from downtown Phoenix, the site offers substantial transportation cost savings to industrial users with its close proximity to U.S. Route 60 just one mile away and the Loop 101 three miles away.

For additional information about AZ|60, please contact Steve Larsen (602.282.6296 or steve.larsen@am.jll.com) or Bill Honsaker (602.282.6267 or bill.honsaker@am.jll.com). 

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

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

BKM Capital Partners Secures 29 Leases in Las Vegas Industrial Assets

Cheyenne Technology Center, Las Vegas, NV

Las Vegas, NV (Aug. 11, 2015) – BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant industrial investments, has announced the completion of 29 leases in three of its Las Vegas industrial assets.

Matthew Stephenson
“The Las Vegas industrial market has leapt into action, and our investors are reaping the benefits,” notes Matthew Stephenson, Director of Asset Management for BKM Capital Partners. 

“When we acquired these assets in 2014, the industrial vacancy rate was approximately 11 percent.  At the time, we recognized the potential in the market, and we anticipated that vacancy would tighten rapidly.”

BKM, an investment management firm that specializes in the redevelopment, operation, and ownership of multi-tenant industrial assets throughout the West has proven to have strong instincts in acquisition targets in the current market according to Stephenson.

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

Jenn Quader
Brower, Miller & Cole
(949) 955-7940


Regency Centers Announces Pricing of $250 Million Unsecured Notes due 2025

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Regency Centers Corporation (“Regency” or the “Company”) (NYSE:REG) announced today that its operating partnership, Regency Centers, L.P., priced a public offering of $250 million 3.90% unsecured notes due 2025 (the “Notes”).

 The Notes are due November 1, 2025 and were priced at 99.264%. Interest on the notes is payable semiannually on May 1st and November 1st of each year, with the first payment on November 1, 2015.

The net proceeds from the sale of the Notes will be used to pay amounts outstanding under the Company’s line of credit. Settlement of the offering is subject to customary closing conditions and is expected to occur on August 17, 2015.

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

Regency Centers Corporation
Patrick Johnson, 904-598-7422