Saturday, September 26, 2015

Palmetto Bluff Breaks Ground on Moreland Village Outfitters in Bluffton, SC

Jay Walea

BLUFFTON, SC  – Palmetto Bluff has celebrated the groundbreaking of the new Moreland Village Outfitters Center, a complex of buildings organized around a series of courtyards that will serve as the headquarters for Palmetto Bluff’s Conservancy as well as the launching point for all outdoor activities.

“The Outfitters Center is a crucial step in supporting our overall conservancy efforts,” said Jay Walea, Palmetto Bluff conservancy director.

Palmetto Bluff Village Dock
“The center will inspire both guests and residents to explore Palmetto Bluff’s unique outdoor environment, whether it be a nature walk with our full-time archaeologist, kayaking on the river or embarking on a scavenger hunt. 

"We are looking forward to seeing our vision come to life, providing a model for how design and development can celebrate the outdoor environment.”

The Outfitters Center will play host to outdoor classrooms and event spaces, and will include a retail store, sales office, canteen, bike barn, amphitheater and training pond.  It will additionally feature a conservancy introduction area, which will allow the Outfitters staff to educate guests about the storied history of Palmetto Bluff, as well as Conservancy programming.  The project is scheduled for completion October 2016.

 Moreland Village is slated for completion in December 2016. 

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

Hadley Creekmuir

JLL’s Vantage Lofts Sale Achieves Record Per-Unit Price for Metro Las Vegas

John Cunningham
 LAS VEGAS, NV – A highly amenitized, core-plus luxury development combined with a reinvigorated institutional investor market this week to achieve the highest per-unit multifamily sale price in the history of metro Las Vegas.

 On behalf of Goodman Real Estate, JLL’s Capital Markets experts announced the $39 million sale of Vantage Luxury Flats and Loft Living (Vantage) to buyer The Bascom Group. The sale, which includes an existing 110 units and adjacent 3.8-acre parcel, reflects a per-unit price of more than $345,000.

Executive Vice President John Cunningham and Vice President Charles Steele led the JLL team in the transaction.

“Vantage is truly an institutional-quality asset, drawing interest from multiple institutional buyers who were previously hesitant to return to Las Vegas,” said Cunningham. “Vantage’s incomparable quality, combined with the recovery of the Las Vegas multifamily market and accelerating economic growth, proved invaluable.”

“The exceptional finishes and exclusive lifestyle at Vantage facilitated a successful lease-up featuring some of the highest rental rates in the Las Vegas Valley,” said Steele.

Located at 201 S. Gibson Road in Henderson, Nevada, and completed in 2014, Vantage is comprised of three five-story buildings featuring 110 units, with 26 unique floor plans including singe-story flats, multi-level lofts and penthouses. Units range from 922 to 3,133 square feet, with an average unit size of 1,831 square feet.
 For a complete copy of the company’s news release, please contact:

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

Cohen Commercial Realty Brokers Three New Leases in South Florida

William Soled
West Palm Beach, FL — Allan Carlisle and Bryan Cohen of Cohen Commercial Realty, Inc., signed a 1,600-square-foot nail salon at Village Marketplace, located on the northwest corner of Okeechobee Boulevard and Haverhill Road in West Palm Beach, Florida. Cohen Commercial Realty, Inc., represented the Landlord in this transaction.

Palm Beach Gardens, FL — Bryan Cohen and Allan Carlisle of Cohen Commercial Realty, Inc., announced the signing of a 3,244-square-foot space with a counseling office at 3385 Burns Road in Palm Beach Gardens, Florida. Cohen Commercial Realty, Inc., represented the Landlord in this transaction.

 West Palm Beach, FL — Bryan Cohen, William Soled, and Dylan Montefusco of Cohen Commercial Realty, Inc., announced the signing of Saphirra Nail Salon to lease a 3000-square foot space in the heart of downtown West Palm Beach. The salon will be located at 112 N Dixie Highway at the northeast corner of North Dixie Highway and Clematis Street. Cohen Commercial represents the Landlord in this transaction.

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

 Kacy Martin
Cohen Commercial Realty, Inc.
561.471.0212 Office
561.471.5905 Fax

Cortland Partners Enters Austin, TX with Acquisition of 308-unit City View Apartments

Steven DeFrancis
AUSTIN, TX — Cortland Partners has entered the Austin market with the acquisition of City View Apartments, a 308-unit apartment near the heart of Austin’s CBD.

With Austin’s current and projected rapid employment growth, Atlanta-based Cortland Partners has been seeking the right opportunity to expand its Texas portfolio in this market.

 The company currently has regional offices in both Dallas and Houston and owns 10 apartment communities in the Dallas-Fort Worth area, six in Houston, and three in San Antonio.

According to the Austin Chamber of Commerce, employers added 32,500 net new jobs from June 2014 to June 2015, representing a growth rate of 3.6 percent over 12 months. 

This growth in turn bodes well for the city’s rental housing market. “The Austin market has seen significant demand for new multifamily product during the past five years,” said Steven DeFrancis, CEO of Cortland Partners.

“The city continues to attract new residents, jobs and economic growth, resulting in increased demand and continued low vacancy. Cortland Partners has a unique capability to revitalize current multifamily offerings in the Austin market to better meet this demand.”
 For a complete copy of the company’s news release, please contact:

Sarah DeFrancis
Cortland Partners

Multi Housing Advisors Brokers $27.1 Million Portfolio Sale in Pensacola, FL

Jimmy Adams
BIRMINGHAM, AL — Multi Housing Advisors (MHA) has arranged the $27.1 million sale of two apartment communities located in Pensacola, Florida. 

The transaction is indicative of MHA’s continued activity in the market, which has experienced tremendous growth during recent years.

Jimmy Adams, who leads MHA’s Birmingham, Alabama, deal team represented Greystone, the seller, in the transaction. ApexOne purchased the property.

“ApexOne was able to acquire two very well-located assets in a growing Florida market,” Adams said. “Their plan is to take the property up another level by further enhancing the amenity package and unit interiors.”

The two properties, consisting of 392 units, closed simultaneously. Both properties had 50 percent of their unit interiors upgraded by the seller, demonstrating the upside in significant rental premiums.

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

Savannah Duncan
The Wilbert Group
404-343-0870 (O) 404-901-4433 (C)

CBRE Lists Value-Add Office Investment Opportunity in Altamonte Springs, FL

North Lake Business Park, 370-774 South North Lake Boulevard, Altamonte Springs, FL

Ron Rogg
 ORLANDO, FL -- CBRE, as exclusive agent, is pleased to offer the North Lake Business Park (“The Property”) for sale in Altamonte Springs located within the North Orlando submarket.

The Property, at 370-774 S. North Lake Boulevard, consists of 15 single-story, office and flex buildings with a total of 270,555 rentable sq. ft. situated on approximately 28 acres alongside Interstate-4.

The Property’s combination of upside potential, loyal tenancy, and predictable cash flow while unencumbered with debt provides an exceptional opportunity in today’s low interest rate environment.

Superb visibility and surging leasing activity have contributed to a move toward stabilization of the property, while still providing significant upside potential.

Strong Orlando fundamentals, excellent demographics and a significant projected increase in construction related jobs will all contribute toward stabilization of the property, while benefitting from increasing rental rates and lower market vacancy.

 Its strategic location near the area’s largest employers and access to Interstate-4 provides unparalleled visibility, strong barriers to entry, and attracts a diversified tenant demand.

With Orlando’s job market leading the nation in growth, the North Lake Business Park is an exceptional value-add investment opportunity.

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

Ronald J. Rogg, CCIM
Executive Vice President
CBRE | Capital Markets
+1 407 839 3194

JLL’s Bill Honsaker Named to GPEC Board of Directors

Bill Honsaker
PHOENIX, September 24, 2015 – JLL Managing Director Bill Honsaker is one of eight new members just named to the Greater Phoenix Economic Council’s (GPEC) 2015-2016 Board of Directors.

 An award-winning broker in the Phoenix office of JLL, Honsaker has 25 years of experience in the commercial real estate industry. In that time, he has served as an active GPEC Certified Ambassador for five years and is a current member of the Ambassador program steering committee.

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

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

Bull Realty Brokers $3.7 Million “Northwinds Summit” in Alpharetta, GA

Lauren H. Griffin
ATLANTA, GA —Bull Realty brokered the sale of Northwinds Summit, a 20,000 sq ft office building located in Alpharetta, GA. The sale closed on Sept. 8, 2015 for $3.7 million.

Sean Williams, VP National Office Group with Bull Realty, represented the seller, Providence Bank. Lauren H. Griffin with Hubbard Brush represented the buyer, Arseal Technologies. 

Williams said, “After leasing 25% of the shell building, we took the property to the market for sale and received multiple offers. 

"The buyer plans to complete the interior build out and occupy approximately 75% of the building. The price point indicates the renewed strength of this market, which seems to have fully recovered from the recession.” 

Bull Realty, Inc. ( is a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing and advisory services.

 The firm also produces and hosts the nationally-syndicated Commercial Real Estate Show ( The popular weekly show is broadcast on 42 radio stations nationwide, iTunes, YouTube and

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

Melissa Henry
Communications Associate
Bull Realty, Inc.
50 Glenlake Pkwy, Suite 600
Atlanta, GA  30328

404-876-1640 x 110

RealtyTrac Reports 54 Percent of U.S. Metros on Pace to Reach Eight-Year High in Home Sales in 2015 Based on Sales Through August

Mark Hughes
IRVINE, CA --  RealtyTrac® (, the nation’s leading source for comprehensive housing data, released its August 2015 U.S. Home Sales Report, which shows single family home and condo sales through August were on pace for an eight-year high nationwide and in 110 out of 204 (54 percent) metropolitan statistical areas with sufficient sales data.

“The continued strength in sales volume across a wide spectrum of markets in August indicates that shockwaves from recent global stock market instability have not weakened the housing recovery and in fact there is evidence that the instability has fueled more demand for U.S. real estate,” said Daren Blomquist, vice president of RealtyTrac.

“We are seeing more globalization as Southern California has become a destination for international buyers,” said Mark Hughes, chief operating officer with First Team Real Estate, covering the Southern California market. “Eighty percent of new construction in Irvine last year was sold to Chinese buyers. International buyers are driving home prices up and sometimes out of reach for many local residents.”

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

Ginny Walker
949.502.8300, ext. 268