Friday, August 26, 2016

Eric Retzlaff Joins Shopoff Realty Investments as Senior Vice President and National Sales Manager

Eric Retzlaff
IRVINE, Calif. –– Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, announced Eric Retzlaff has joined the company as senior vice president and national sales manager.

“Eric is a seasoned professional with strong investment management experience that spans more than 30 years and includes a successful track record of sales growth and reputation for integrity,” said William Shopoff, chief executive officer of Shopoff Realty Investments.

 “We are pleased to welcome him to the team at Shopoff Realty Investments, where his extensive background in distribution, marketing, training and management will be a great fit with our efforts to consistently provide the highest level of service and support.”

Over the course of his career, Retzlaff has helped develop and manage direct and indirect investment offerings in real estate, energy, insurance and mutual funds. He has served in a variety of senior management functions, including as chief financial officer, chief compliance officer and chief marketing officer for FINRA member firms.

Prior to joining Shopoff, Retzlaff served as managing director of RightSource Distributors, where he managed and advised emerging sponsors with product design and capital formation.

William Shopoff
 Previously, he was executive vice president and head of securities, sales and distribution with Atel Capital Group, a private equity, real estate and finance group.

Beginning in 2010, Retzlaff was president of the broker-dealer for Lightstone Securities, managing sales, marketing and compliance activities, while representing both publicly offered non-traded real estate investment trusts and private placement real estate offerings.

During his career, Retzlaff has also been a leader with AXA Distributors, Aver Development Corporation, PIMCO Equities and Endeavor Management Company.

He earned a bachelor’s degree from Principia College, and a master’s degree from Claremont Graduate University.

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

Jill Swartz
Spotlight Marketing Communications
949.427.5172, ext. 701

NAI Realvest Negotiates $1.3 Million Sale of 132 acres of Lakefront Development Land in St. Cloud, FL

George Viele
ORLANDO, Fla. – NAI Realvest recently negotiated the sale of 132.25 acres of   residential development land with frontage on Lake Coon at 6400 Bass Highway in St. Cloud. 

NAI Realvest Associate George Viele negotiated the $1,300,000 sale on behalf of the Orlando-based sellers Margaret B. Vickery Family Limited Partnership.     

Scott Gentry, Inc. of Orlando purchased the land and was represented by Darrell Carter of Maury L. Carter & Associates.

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142 or 407-461-3781

NAI Realvest Negotiates Professional Office Leases at Gardens of Ravaudage and Gateway Plaza in Winter Park, FL

Mary Frances West
ORLANDO, FL -- NAI Realvest recently completed two new lease agreements and one renewal totaling more than 7,000 rentable square feet of professional office space in Winter Park.

Mary Frances West, CCIM Vice President at NAI Realvest, negotiated a new lease of 1,240 square feet at The Gardens of Ravaudage, 1035 N. Orlando Ave. representing the landlord. 

  Ear, Nose & Throat Associates of Orlando, PLLC and Principal Dr. Kapil Saigal, who specializes in facial plastic and reconstructive surgery, leased the second-floor office suite.   The tenant was represented by Rick Saigal of La Rosa Realty. 

West along with Tom Kelley, II, CCIM a Principal at NAI Realvest and Associate Chris Adams negotiated a new lease for 3,950 square feet at Gateway Plaza representing the landlord of the building located at 1201 S. Orlando Ave.  

The tenant is Sirote & Permutt PC a Birmingham, AL-based law firm who leased 3,950 square feet for its central Florida offices.  Robert Kellogg of Colliers International represented the tenant.

Also at Gateway Plaza, Kelley and West negotiated a lease renewal agreement with Jones Lang LaSalle Americas, Inc. for the 1,905 rentable square feet they have occupied there for several years. 

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142 or 407-461-3781

BLT Enterprises Launches Ground-Up Development of 500-Unit Multifamily Community in Supply-Constrained Napa, CA

Rob Solomon
NAPA, CA (Aug. 26, 2016) –  BLT Enterprises, a multi-faceted real estate investment company, has announced the planned development of Phase I of Vista Tulocay, a 500-unit multifamily community that will fill a deep void in the Napa, California housing market, according to Rob Solomon, Chief Development and Legal Officer for BLT Enterprises.

“Napa is in dire need of new housing options,” says Solomon “The city attracts more than 1,000 new residents each year, while only 200 building permits are approved annually. 

“Based on the growing need for quality housing in the region, we were able to demonstrate the strength of our planned project, as well as the benefits this development will deliver to the City of Napa.”

Vista Tulocay will be situated on a currently vacant 20-acre parcel adjacent to the Napa River and within biking distance to Napa’s vibrant downtown core. The development will occur in two phases: 
 Phase I, which was recently approved by the Napa City Council, will include 282 apartment units on approximately 12.5 acres. BLT Enterprises plans to begin development on this phase immediately.

Rendering of Planned Phase I, Vista Tulocay Residential Development, Napa, CA

Phase II, which is currently being designed and will be presented to the City for approval in the near future, is planned to include between 98 and 218 additional residential units on eight-acres.

            “The entitlement of Phase I is a tremendous milestone that marks the culmination of many years of collaboration between our firm, the Gasser Foundation and the City of Napa,” explains Shawn Guttersen, a Partner at BLT Enterprises who was integral in securing the entitlements for the project. 

“This is a historically strong market that has recently been defined by high rents and extremely low, sub-2 percent vacancy rates,” Guttersen explains.  “Our planned development marks the largest influx of housing in the city in the past five years.

“We are truly committed to serving the housing needs of the Napa community as a whole, and we are eager to begin development of this exceptional project.”

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

Devin Ugland/ Lexi Astfalk
Brower, Miller & Cole
(949) 955-7940