Tuesday, February 4, 2020

NAI Realvest | Charles Wayne Commercial Completes Assemblage Sale on S. Myrtle Avenue in New Smyrna Beach, FL

Brad Gifford
 NEW SMYRNA BEACH, FL -- NAI Realvest | Charles Wayne Commercial recently completed an assemblage sale of adjacent lots for a total of $500,000 or $250,000 each for 400 and 406 S. Myrtle Avenue in New Smyrna Beach .

Brad Gifford, Associate at NAI Realvest | Charles Wayne negotiated the assemblage representing the sellers of both lots. 

 Houston-based Festival Properties, Inc.  owner of the 0.67 acre lot at 406 S. Myrtle Ave. and Sharon Clark of New Smyrna owner of the 0.68 acre lot at 400 S. Myrtle Ave.     

FAK Property Enterprises, LLC of Edgewater , Fla. purchased the adjacent properties totaling 1.35 acres for a commercial development.   

The buyer was represented by James Archimbaud of The Keyes Company.


Brad Gifford, NAI Realvest | Charles Wayne Commercial 

407-875-9989 or 386-337-4433  bgifford@realvest.com  

 Patrick Mahoney, President / CEO, NAI Realvest 
407-875-9989 pmahoney@realvest.com

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

Arbor Names Derek Kirma Vice President Operations in San Diego, CA Office

 Derek Kirma

UNIONDALE, NY – Arbor Realty Trust, Inc.(NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare, and other diverse commercial real estate assets, is pleased to announce the appointment of Derek Kirma as Vice President, Originations.

Mr. Kirma will be responsible for originating Fannie Mae, Freddie Mac, FHA, SFR, CMBS, Bridge, Mezzanine, and Preferred Equity loan transactions.

He is based out of Arbor’s San Diego, CA, office and reports directly to Frank Lutz, Executive Vice President and Chief Production Officer.

 With more than 10 years of industry knowledge, Mr. Kirma has extensive experience delivering client specific financing across all agency platforms.

Frank Lutz
“Derek’s expertise in the sector will be invaluable to us at Arbor as we continue to expand our diverse product offerings to our thriving client base across the country," Mr. Lutz said.

"His leadership in our new San Diego office reflects Arbor’s enhanced presence in the region and is an integral part of our overall growth strategy,” 

 Prior to his current position at Arbor, Mr. Kirma built loan production teams and financed multiple commercial real estate asset classes for a regional financial services company.

 Mr. Kirma received his Bachelor of Science from the University of Oregon.


 Bina Handa
Tel: 516.506.4229