Tuesday, October 15, 2019

Rhodes+Brito Co-Founder Maximiano (Max) Brito Honored with AIA’s Nils M. Schweizer Award

Maximiano (Max) Brito
ORLANDO, FL --- The Orlando Chapter of American Institute of Architects, one of the most prestigious and influential professional organizations in the US,  honored Maximiano “Max” Brito co-founder and partner of Rhodes+Brito Architects with the 2019 Nils M. Schweizer Award for his community service.    

Nils M. Schweizer 

“Our firm focuses on designing public places, facilities and learning institutions,” Brito, said.  “Community service has been a big portion of our dedication to giving back to the community.”   

The Nils M. Schweizer award was named after the late prominent Orlando architect and humanitarian.


Maximiano Brito, Rhodes+Brito Architects,
 407-648-7288 max@rbarchitects.com

Beth Payan, Larry Vershel Communications Inc. 
407-644-4142 or 407-461-3781 beth@larryvershel.com

Native Realty Launches New Residential Division; Hires New Sales Associate Kaley Tuning

Kaley Tuning

FORT LAUDERDALE, FL –– Native Realty, the pioneering Fort Lauderdale-based real estate firm led by Founder and CEO Jaime Sturgis, continued a banner year with the formation of a new division dedicated to serving clients in the residential sector.

The firm also made a significant addition to its team of residential specialists with the arrival of new Sales Associate Kaley Tuning. Born and raised in South Florida, Tuning brings more than 15 years of industry experience to Native – focusing on high-end residential real estate.

Over her career, Tuning has held numerous industry positions that give her a strong knowledge base in residential sales and leasing, investment acquisitions, management and REO (real estate owned) field operations.

Before joining Native, Tuning spent nearly a decade at Fort Lauderdale-based Stellar Homes Group. In just her first year at Stellar, Tuning assisted the company in the acquisition and resale of more than 70 homes. 

Jaime Sturgis
Throughout her time at the company, Tuning would assist clients in all aspects of purchasing, remodeling and reselling homes.
For Sturgis, the residential division is a natural extension of the firm, which has generated substantial attention for its role curating South Florida’s urban core neighborhoods since he launched Native in April 2017. 

On Oct. 30 in Miami, Sturgis will be honored by Urban Land Institute (ULI) Southeast Florida/Caribbean as the 2019 Young Leader of the Year. Sturgis earned the prestigious award for his holistic approach to placemaking in Flagler Village and the other urban core neighborhoods he lives, works and plays in.

Native Realty is headquartered at 719 NE Second Ave. in Flagler Village.


Eric Kalis
Vice President

‌‌Cushman & Wakefield Negotiates $8.25 Million Sale of ±10-Acre Site in Palm Beach Gardens, FL​

Tara England

PALM BEACH GARDENS, FL, Oct. 15, 2019 — Cushman & Wakefield has negotiated the sale of a ±10.44-acre commercial site at 3650 RCA Blvd. in Palm Beach County.

Matthew G. McAllister
The South Florida industrial team of Christopher ThomsonChris MetzgerRichard F. Etner Jr. and Matthew G. McAllister, along with Mark L. Pateman and Tara England, represented Amara Temple Holding Corporation, Inc. in the disposition. 

Christopher Thomson

An affiliate of Troy, NY-based United Group acquired the land for $8.25 million ($790,230 per acre).
The site is located in the heart of Palm Beach Gardens, a short distance from Interstate 95, State Road A1A Alternate and PGA Blvd., providing immediate access to nearby retail and dining amenities such as Legacy PlaceThe Gardens Mall and Downtown at the Gardens

Chris Metzger
The land was re-zoned by the buyer for Planned Unit Development (PUD) during the contract entitlement period. The property currently houses the Amara Shrine Center’s ±17,084-square-foot clubhouse and exterior storage.

Mark Pateman
United Group plans to create a state-of-the-art independent living facility with parking and amenities. Amara Shrine Center will be relocating its clubhouse and meeting space to a new location.
“Infill sites offering development opportunity and exceptional access to the surrounding community, amenities and roadways are a rare commodity in the South Florida market,” said Thomson.

Richard F. Etner Jr.
“The property’s location in the heart of thriving Palm Beach Gardens with excellent area demographics attracted significant interest from multi-family residential, assisted living facility and independent living facility investors and developers,” added Pateman.

3650 RCA Boulevard, Palm Beach County, FL
The eight-member South Florida Industrial team led by Metzger, Etner Jr. and Thomson has negotiated just over 5.5 million square feet of sale and lease transactions valued at more than $168 million to date in 2019. 
Pateman is the Managing Principal for Cushman & Wakefield in Palm Beach County and leads an agency leasing team with over 2.5 million square feet of office product. 
Media Contact:
David A. Meyer
Meyer Media  
+ 1 407 489 7488

follow @CushWake on Twitter

Marcus & Millichap Achieves Record Pricing for Cape Coral, FL Retail Sale

CAPE CORAL, FL  – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Towers I and Towers II, a 72,453-square foot multi-tenant retail property located in Cape Coral, Fla., according to Chris Travis, sales manager of the firm’s Tampa office. The asset sold for $14,300,000.

Jim Shiebler
Jim Shiebler, James Garner and James Medefind, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.  The buyer, a private investor, was also secured and represented by the three brokers.

“We received an enormous amount of attention for these assets and, through our marketing platform and methodical sourcing approaches, generated multiple offers in a very short period of time. 

"As a result, we achieved Record Pricing for class of center through the crafting and perfecting of the most compelling story of the future value based on location, population growth and core real estate drivers. 

James Garner 
"Our team exposed the assets to thousands of U.S. and International investors and orchestrated 1 month of successful negotiations with the ultimate buyer. 

"The buyer, a private investor from the Northeast, appreciated the opportunity to increase income and equity through the recalibration of rents once the immediate developments of Lucky’s Organic Market and Wawa are completed directly across the street,” stated Mr. Shiebler.

Towers I & II are located at 2612 & 2708 Santa Barbara Boulevard in Cape Coral, Fla and is stabilized at 89 percent occupancy.  Much of the center’s major tenants have occupied this space since the center's inception in 2008 and 2010 respectively and net leases ensure full reimbursements of expenses. 

James Medefind
Towers I & II provides an investor the opportunity to purchase truly rare investment properties that are incredibly located on Main and Main. These properties are positioned directly across the street from the brand-new Lucky's Supermarket, projected to be completed in spring 2020, Publix Supermarket, Target, and Lowe's.

This asset is situated in the absolute center of the burgeoning market of Cape Coral as this city is ranked as the "No. 1 Fastest Growing Small City in the United States," according to Forbes. 


Red Seal Homes Launches New Smaller Single-Family Home Plan at Provenance Near Northbrook, IL

Brian Hoffman
CHICAGO, IL – Red Seal Homes has unveiled a smaller single-family home plan – the Chateaux, available in both ranch and two-story designs – at its Provenance community of single-family homes, duplexes and townhomes in the Northbrook area of Cook County, Ill.

 “The Chateaux homes at Provenance offer the privacy of a single-family home yet a slightly smaller footprint that makes them ideal for young families moving up from an apartment or townhome, or empty nesters looking to rightsize,” said Brian Hoffman, an executive with Red Seal Homes. 

“Also, because they're maintenance-free, Chateaux homes allow buyers to enjoy the advantages of single-family living without needing to spend unnecessary time on upkeep.”


 Rebecca Boykin, rboykin@taylorjohnson.com, (312) 267-452
Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

Stirling International Real Estate Raises the Bar on Rental Rates at The Plaza Towers in Downtown Orlando, FL; Over 27,000 SF leased Since January

John Kurtz

ORLANDO, FL --- Stirling International Real Estate, the exclusive sales and marketing representatives for The Plaza with a huge portfolio of premium office space, has closed on nine multi-year leases since January at the mixed-use development at 121 and 189 S. Orange Ave. at the corner of Church Street in downtown Orlando, FL  

Altogether, the lease agreements total more than 27,000 square feet at rents in the $25 to $27 per square foot range for the Class A office space. Offices leased range in size from 900 to 10,000 square feet.  

 One lease for a five-year term came in at $30 per square foot. The largest single transaction was a 10,000 square foot office suite on the 20th floor of the south tower.

Roger Soderstrom, Jr. and John Kurtz, the Stirling International team handling the leasing activity, said the rent rates are the highest the two towers have seen in nearly 10 years.  

Roger Soderstrom, Jr.
“The downtown Orlando office market is one of the hottest in the state causing a surge in rental rates,” Kurtz said.   

Soderstrom said the new tenants include attorneys, healthcare professionals, marketing agencies, logistics and technology firms.  The duo also represents investors who have purchased office condominiums with tenants in place, including those renting out spaces to start up businesses in a co-working atmosphere.
The Plaza built in 2006 and 2007 offers one of the most sophisticated urban environments in the southeast today, and offers ground-floor retail space, theatre, shops and restaurants.

”Economic conditions have produced opportunities at The Plaza for businesses who have an eye toward their future,” Soderstrom said. 


Roger Soderstrom, Jr., Broker, Stirling International Real Estate 
27 N. Summerlin Ave. Orlando, FL 32801; 407-250-1000 roger@stirlingire.com

John Kurtz, CCIM, Broker, Stirling International Real Estate, JKurtz@StirlingIRE.com (407) 250-1000
Beth Payan, Larry Vershel Communications Inc. 407-644-4142 
or 407-461-3781 beth@larryvershel.com