Sunday, March 16, 2008

Palta Promoted to Senior Associate


ORLANDO, FL - CB Richard Ellis, worldwide leader in commercial real estate services, is pleased to congratulate Bobby Palta (photo top right) on moving forward to the Senior Associate level.


February marks Palta's 3-year anniversary with CB Richard Ellis and his 10th year in commercial real estate. Palta specializes in client acquisition & disposition of land, implementation of retail expansion strategies & tenant representation, as well as project sales & leasing.

Palta's current Listings with availabilities include the Colonial Town Center on West Colonial Drive in Orlando, the Village Marketplace at Maguire Road and West Colonial Drive in Ocoee, the Legacy Place development at Lake Underhill Road & Rouse Road in East Orlando, (photo at left) the Panda Express Plaza on US 441 & Rolling Acres Road in Lady Lake, the Panda Express Plaza along US 441 & Eudora Road in Mount Dora, and the University Plaza at University Blvd & Technological Ave in East Orlando.

Some of Palta's active Tenant clients include Washington Mutual, Pei Wei, Massage Envy, CitiFinancial, Monkey Joe's, Marble Slab Creamery and The Athlete's Foot. Since being with CB Richard Ellis, Palta has completed over 59 lease and sale transactions totaling over $47.4M in value.

"Although 2008 will present challenges to owners and users alike, those who are well-positioned to take advantage of the many opportunistic deals out there will be glad they did," says Palta.

"Orlando has outperformed most of the country during the boom period. The resilient segments of our local economy such as software, simulation, defense, tourism, medical and emerging bio-tech should keep job growth strong. That combined with a limited amount of new supply should help Central Florida retail to remain solid through the year with a steady upturn heading into 2009."

Contacts:

Jessica Wilhoite
407.839.3158
jessica.wilhoite@cbre.com

Bobby Palta
407.839.3124
bobby.palta@cbre.com

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