Thursday, May 16, 2019

Luxury Rivals Christie's and Sotheby's Share Spotlight in Record Breaking $7.25 Million Home Sale in Winter Park, FL

866 Via Lugano, Winter Park, FL
                                                           Photos provided by Premier Sotheby’s

Joyce Marsh
WINTER PARK, FL - Two top luxury powerhouse brokerages recently collaborated to close one of the largest sales ever recorded in Winter Park at $7.25 Million.

Kristen Wenderfer
The magnificent home located on Lake Maitland at 866 Via Lugano was the second most expensive sale in the city’s history.

Chris Christensen
Joyce Marsh, Regional Manager, said Regal | Christie’s International Real Estate represented the buyers, and Premier Sotheby’s International Realty represented the sellers.

Built in 2015, the breathtaking home is situated on 3.36 acres of lakefront land and is a masterpiece with over 10,000 square feet of living area.

Regal | Christie’s International Real Estate – with offices in Southwest Orlando, Winter Park, Celebration, Clermont and opening soon in Lake Mary – is the only central Florida affiliate for the Christie’s International Real Estate prestigious worldwide luxury brand. 

Via Lugano Interior
With a rich history, the Christie’s Auction house is a globally recognized iconic brand. 

The buyers were represented by Kristen Wenderfer of Regal | Christie’s International Real Estate.  Wenderfer joined Regal | Christie’s Winter Park office at 133 E. Morse Blvd. because of the international reach of their prestigious brand and concentration in the luxury home market. 

Via Lugano Birdseye Lake View

“We bring the world’s most desirable luxury homes to the world’s most discerning buyer,” added Broker/Owner Chris Christensen. 

 Since 1766 the Christie’s name has been instantly and internationally recognized as synonymous with quality and prestige with a steadfast commitment to excellence and service.


Joyce Marsh Regional Manager, Regal | Christie’s International Real Estate

Chris Christensen, Broker/Owner, Regal | Christie’s International Real Estate

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

'Sex and the City' TV Star Kristin Davis Lists Brentwood, CA Home for Sale at $3 Million

Kristin Davis Home, Brentwood, CA, Built 1978
                                          Photo credit: Adam Latham, Courtesy of Compass

Kristin Davis
BRENTWOOD, CA  -- According  to TopTenRealEstateDeals.comKristin Davis, who played prim and proper Charlotte York on the award-winning HBO series Sex and the City, has just listed her Brentwood, Los Angeles home for $3.095 million.

Mimi McCormick and Maureen McCormick of Compass Realty in Brentwood have the listing.  Source:

Cynthia Nixon

Kristin and her on-screen cohorts, Sarah Jessica Parker, Kim Cattrall and Cynthia Nixon each made millions from the series that ran from 1998 through 2004 and the two sequel films made in 2006 (Sex and the City) and 2010 (Sex and the City 2).

The program was must-see TV for young women who had always dreamed of what their lives would be like as single, carefree women living a charmed life in New York City.

Kim Cattrall
But for those who were too timid to take the step or others who had chosen marriage over adventure, watching the love lives, beautiful clothes and social antics of the four female characters let them vicariously escape to the city even if it was only for thirty minutes a week.

Both Time and TV Guide listed the program as one of the best television series of all time and it remains in syndication today.

Sarah Jessica Parker
Built in 1978, just as mid-century modern was evolving into contemporary architecture, this privately situated home sits on a cul-de-sac sheltered on both sides by trees and thick hedging, opening in the back to attention-grabbing views over the canyon and city through walls of glass doors and from the outside deck.

Mimi McCormick
A private garden runs down the side of the house. Spacious and airy, the 4,043-square-foot, four-bedroom, five-bath home has large rooms throughout from the main living area with vaulted-beamed ceilings and wet bar, kitchen with walk-in pantry and island dining, laundry room, dining room, office, home theater and unusually large master suite that has a sizable partially enclosed flex area large enough for gym equipment or office.

Maureen McCormick

There are separate guest quarters with bedroom, kitchenette, living room, bath and an attached two-car garage.

Davis owned the property for over 20 years and has now moved into a larger home in the Brentwood neighborhood.

In addition to her role as Charlotte in Sex and the City, she also appeared in Melrose Place, General Hospital and the sitcom Bad Teacher

Genelle C. Brown
Content Manager, Media Division
Phone:  434-480-4504

Twitter:  @toptenrealestat  

Ackerman Retail Becomes Exclusive Representative for Goodwill of North Georgia Store Expansion

Brian  Lefkoff
ATLANTA, May 16, 2019  Goodwill of North Georgia, one of 160 independent Goodwills across the United States, has selected Ackerman Retail, a division of Ackerman & Co., as its exclusive tenant representative for its store expansion across the region. 

Brian Lefkoff, executive vice president for Ackerman Retail, will lead the tenant representation team as it assists the non-profit retailer in identifying and selecting sites for new stores and donation centers.

Goodwill’s new locations in North Georgia will range in size from 25,000 to 40,000 square feet.

“Goodwill stores have come to be viewed by everyone from Millennials to Baby Boomers as an alternative to the popular discount stores," said Lefkoff.  "With the brand’s growing popularity, there is an excellent opportunity for Goodwill to open new stores in a number of markets.  We look forward to helping our client achieve its expansion goals.”


Steve Webb 

Ackerman Retail Hires Gigi Best as VP in Tenant Representation Group

Gigi Best

ATLANTA, GA,  May 16, 2019 Continuing the steady growth of its tenant representation team, Ackerman Retail, a division of Ackerman & Co., has hired Gigi Best as a vice president of retail services with a focus on assisting clients with site selection and market rollouts.

Gigi arrives with nearly 20 years of commercial real estate and client relationship experience, including tenant and landlord representation, development and client account management.

She will work with the retail team in providing tenant representation services for clients such as Flying Biscuit Cafe, Cinnaholic, Verizon, Deka Lash and SafeSplash Swim School.

Leo Wiener
“Gigi brings extensive retail brokerage experience on both the tenant and landlord sides, as well as an excellent understanding of dealmaking,” said Leo Wiener, Ackerman Retail President. “We’re excited to welcome her to the Ackerman Retail team.”

Added Brian Lefkoff, executive vice president and leader of the Ackerman Retail tenant representation team: “With her wide-ranging experience in commercial real estate, she provides excellent market knowledge and deep relationships in the brokerage and development communities.”

Brian Lefkoff
Her prior experience includes more than six years as a tenant representation specialist and client account manager at The Windsor Realty Group Atlanta, managing services for a number of national retail brands and completing more than $3 million in leases.

 She was a leasing representative at Boxer Property, where she managed leasing for a portfolio of commercial real estate properties totaling more than 1 million square feet.

She also worked as a leasing and development specialist at Trinity Development, managing in-house and third-party leasing, lease renewals, and sale and acquisition transactions.

The Ackerman Retail tenant representation group currently provides comprehensive services for more than 50 national and regional retailers.


Steve Webb 

Rennert Vogel Mandler & Rodriguez Adds Alicia Morales-Fernandez as New Partner in Miami, FL

Alicia Morales-Fernandez

Miami, FL –Miami law firm Rennert Vogel Mandler & Rodriguez (RVMR) made a significant addition to its renowned real estate practice with the arrival of new Partner Alicia Morales-Fernandez. She joins a prolific group of transactional attorneys servicing clients across all real estate sectors.

Morales-Fernandez brings more than three decades of experience to RVMR. She has a broad knowledge of real estate acquisitions and dispositions, commercial and residential development, commercial leasing, financing and general corporate work. 

Morales-Fernandez has worked extensively on complex real estate transactions, representing national and local developers and domestic and foreign investors in the acquisition, ownership and operation of retail centers, office buildings, residential and mixed-use condominiums, hotels and vacant land and has significant experience with real estate joint venture and equity investment agreements.

Earlier this year, Morales-Fernandez became President-Elect of influential commercial real estate organization CREW Miami (Commercial Real Estate Women).

Jose A. Rodriguez
“We are thrilled to welcome Alicia to our growing team of skilled and trusted real estate attorneys,” said Jose A. Rodriguez, a Partner at RVMR who co-chairs the firm’s real estate practice. “She is well-respected throughout the industry and is certain to add tremendous value to our firm.”

Morales-Fernandez has coordinated, supervised and closed acquisitions of large land assemblages and coordinated and closed on numerous multi-state transactions. 

She typically handles a project from the ground up and has extensive experience in the negotiation of land development documentation, including co-tenancy agreements, easements, restrictive covenant documents, developer agreements, construction contracts and related documentation.

“I have long admired RVMR’s unparalleled reputation in the legal community, corporate culture and dedicated group of attorneys,” said Morales-Fernandez. “It is exciting to have the opportunity to play a direct role in the first-class service RVMR provides to the firm’s clients.”

A member of the Florida Bar, Morales-Fernandez earned a bachelor’s degree from Barnard College at Columbia University in New York. She received her law degree from the University of California at Berkeley. 


Eric Kalis
Vice President, BoardroomPR
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ATTOM Data Solutions Finds U.S. Foreclosure Activity Decreases 13 Percent in April 2019

Todd Teta

IRVINE, CA, May 16, 2019 – ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its April 2019 U.S. Foreclosure Market Report.

The report shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 55,646 U.S. properties in April 2019, down 5 percent from the previous month and down 13 percent from a year ago for the 10th consecutive month with an annual decline.

Christine Stricker
States with the highest foreclosure rates were New Jersey (one in every 980 housing units with a foreclosure filing); Maryland (one in every 1,218 housing units); Delaware (one in every 1,249 housing units); Illinois (one in every 1,371 housing units); and Florida (one in every 1,415 housing units).

  “While overall foreclosure activity is down nationwide, there are still parts of the country that we need to keep a close eye on,” said Todd Teta, chief product officer at ATTOM Data Solutions.

 “For instance, Florida is seeing a steady annual increase in total foreclosure activity for the 8th consecutive month, which is being sustained by a constant annual double-digit increase in foreclosure starts.”


Christine Stricker

Data and Report Licensing:

Chatham Lodging Trust Sells Western Pennsylvania Hotels for $10 Million

105-room Courtyard by Marriott Altoona, Pa

WEST PALM BEACH, FL, May 16, 2019—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced that it has sold the 105-room Courtyard by Marriott Altoona, Pa., as well as the 86-suite SpringHill Suites by Marriott Washington, Pa. for approximately $10 million.

Jeffrey H. Fisher
Inclusive of brand required improvements of over $4 million, Chatham sold the hotels at an approximate six percent net operating income capitalization rate (after an assumed annual capital reserve of four percent of total hotel revenues). 

“We acquired these smaller hotels as part of a portfolio purchase in 2010, and the hotels had a pretty good run for five years, but no longer meet our long-term investment strategy,” highlighted Jeffrey H. Fisher, Chatham’s chief executive officer and president. 

86-Suite SpringHill Suites by Marriott Washington, Pa
 “These two non-core hotels, in very small markets and with combined RevPAR of $65, do not match the overall quality of our portfolio.

"Excluding the sold hotels, our comparable portfolio RevPAR increases to $135 from $133. Importantly, we do not have to invest over $4 million renovating these hotels.

"We will continue to opportunistically sell assets when we believe we can re-deploy those proceeds into high-quality hotel investments that earn higher yields in higher growth markets, thus enhancing our net asset value.”

The company estimates that the hotels would have contributed approximately $1 million of EBITDA in 2019. Net proceeds from the sale will be utilized to reduce borrowings on Chatham’s unsecured credit facility.


Patrick Daly
Office Manager
Daly Gray, Inc.
Office:  (703) 435-6293
Cell:  (703) 300-8289

Dennis Craven
 Chief Operating Officer
(561) 227-1386