Wednesday, March 19, 2008

Arbor Closes $50M Fannie Mae DUS® Loan on Broadway Square Apartments in Houston, TX


UNIONDALE, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $50,100,000 loan under the Fannie Mae DUS® product line to purchase the 2,469-unit complex known as Broadway Square Apartments (above photo) in Houston, Texas. Post Investment Group, LLC acquired the 69-acre property from the estate of Houston developer Harold Farb.

The 5-year loan amortizes on a 30-year schedule and carries a note rate of 5.65 percent. The loan was originated by Alex Kaushansky (photo at right), Director, in Arbor’s full-service New York City lending office.

“Arbor was pleased to have the opportunity to provide unmatched competitive terms within the short timeline given for this transaction, and look forward to continuing our business relationship with this first-time borrower,” said Kaushansky.

“Broadway Square will be a great addition to our current Texas holdings and gives us a strong presence in one of the nation's preeminent real estate markets,” said Jason Post, President of Post Investment Group, LLC. “Arbor’s ability to rapidly turn around this substantial transaction for a new borrower makes all the difference when deciding on using a lender for future deals.”

Contact:
Ingrid Principe
Marketing Specialist
Arbor Commercial Mortgage, LLC 333 Earle Ovington Boulevard, Suite 900
Uniondale, NY 11553 Phone: 516-506-4298
Fax: 516-542-2555
Email: iprincipe@arbor.com
http://www.arbor.com/
Posted by Alex at 1:17 PM 0 comments
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GVA Advantis' Lauren Geller Joins Leasing Team for Newly renamed Harbourside Building in Clearwater, FL


TAMPA, FL- GVA Advantis is pleased to announce that Lauren Geller, (top right photo) associate of office services, has joined Ron Berglund,(top left photo) director of office services, on the leasing team of the Harbourside Building in Clearwater. Previously known as the Cay Clubs Building, the building is returning to its original name in a recent decision by the building owner, Harbourside Development LLC, a Florida limited liability company based in Hallandale, Florida.

The Harbourside Building is a six-story, 153,026-square foot Class A property located in Clearwater, Pinellas County, Florida. Built in 1987, the building is located at 18167 U.S. Highway 19 North and Belleair Road in the Bayside submarket and is exclusively leased and managed by GVA Advantis.

Recent lease transactions in the Harbourside Building include a 15,093-square foot, ten-year lease renewal and expansion with EmCare of Florida, Inc., a 9,250-square foot lease renewal with Bank of America, N.A. and a 5,244-square foot lease renewal with Washington Mutual Bank. Other well-known tenants who occupy Harbourside include Marine Max and UBS Paine Webber.

Contact:
Lisa Hyde
Director of Marketing
Advantis Real Estate Services Company
3000 Bayport Drive, Suite 100
Tampa, Florida 33607
Tel 813.342.4752
Fax 813.342.4004
E-mail Lhyde@gvaadvantis.com
http://www.gvaadvantis.com/
Posted by Alex at 1:00 PM 0 comments

Southern Commercial Real Estate Advisors Complete 16,982-SF Lease Renewal in Orlando

ORLANDO, FL.(March 17, 2008) Principals William “Bo” Bradford, CCIM, SIOR and Tom McFadden SIOR of Southern Commercial Real Estate Advisors completed a 16,982 square foot lease at 2805 Ace Road, Orlando. The fully leased warehouse building is home to tenant Circle L Roofing, Inc. Bradford and McFadden represented the landlord, JB Carrie Properties.

Contact:
Celeste MacKenzie
Production Assistant
Southern Commercial Real Estate Advisors, LLC
20 N. Orange Ave.
Suite 605
Orlando, FL 32801
321.281.8503 Direct
321.281.8519 Fax
http://www.southerncommercialre.com/
Posted by Alex at 10:27 AM 0 comments
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University Corporate Center 20,800-SF Lease Renewal by Southern Commercial

ORLANDO, FL--Principals Tom McFadden SIOR and William “Bo” Bradford, CCIM, SIOR of Southern Commercial Real Estate Advisors have completed a 20,800± square foot lease renewal at University Corporate Center (top photo).


The five year renewal was for tenant Indra Systems, Inc, who was represented in the deal by CNL Commercial. Southern Commercial represented the landlord, New Jersey based Denholtz Associates.


Southern Commercial Real Estate Advisors, LLC (d/b/a Southern Commercial) is a commercial real estate firm focusing on office and industrial properties in Florida, and in Central Florida in particular. William “Bo” Bradford, Jr., CCIM, SIOR (photo at left) and Tom McFadden,(photo at right) SIOR are founding principals of the company and have combined industry experience in excess of 38 years. Since founding their brokerage team in February of 2002, they have completed over 300 commercial real estate transactions valued at more than $230 million dollars. The company presently handles 4.4 million square feet of office and warehouse space.

Media Contact:
Celeste MacKenzie
Southern Commercial Real Estate Advisors
321-281-8503
20 N. Orange Avenue, Suite 605
Posted by Alex at 9:59 AM 0 comments
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NAI Realvest Organizing Commercial Facilities Development Group to Focus on Development Opportunities Throughout Florida

MAITLAND, FL.--- NAI Realvest, which has developed industrial facilities that total more than 1,000,000 square feet of industrial and office-warehouse space in the Orlando region, is organizing a commercial real estate development group to seek specialized development opportunities throughout the state.

George Livingston, chairman of NAI Realvest, said the new development company will be named Florida CommerCenters.

“Demand for well-suited industrial and office-warehouse facilities is high throughout Florida as commercial development catches up to years of strong residential and retail growth,” said Livingston.

“We foresee increasing long term demand for industrial / office-warehouse facilities in select Florida markets and this niche field represents a substantial opportunity for us,” Livingston said.

Rebecca York, (photo top left) who heads NAI Realvest’s Capital Markets division and served as the firm’s chief operating officer, will be president of Florida CommerCenters.

Paul P. Partyka, (photo top right) who joined NAI Realvest seven years ago and currently serves as managing partner and principal of the firm, will serve as NAI Realvest’s chief operating officer.

For more information, contact:

George Livingston, Chairman NAI Realvest 407-857-9989 glivingston@realvest.com
Rebecca York, President, Florida CommerCenters, 407-875-5990, ryork@flcommercenters.com Paul P. Partyka, Managing Partner NAI Realvest, 407-875-9989 ppartyka@realvest.com
Larry Vershel, Larry Vershel Communications, 407-644-4142
Posted by Alex at 9:12 AM 0 comments
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NAI Realvest Negotiates $1.146 Million Sale Price for 13 Acres of Development Land in Poinciana Office & Industrial Park in Osceola County

ORLANDO, FL – NAI Realvest recently negotiated the sale of 13 acres of industrial development land located in the Poinciana Office and Industrial Park at Poinciana Blvd. and U.S. Hwy. 17-92 in Poinciana, Osceola County.





NAI Realvest Principals Robert
Blackwell, (right middle
photo) SIOR and Michael Heidrich (left photo) negotiated the transaction representing the seller Avatar Properties, Inc. of Coral Gables.

Chalifoux Commercial Park, LLC a Kissimmee-based commercial development company, paid $1,146,400 for a portion of tract DD-3 at Poinciana. The buyer plans to use the land for development of a mixed-use project along with a previous 23-acre purchase of an adjacent tract handled the end of last year by Heidrich and Blackwell.

For more information, please contact:
Robert Blackwell or Michael Heidrich, NAI Realvest, 407-875-9989
rblackwell@realvest.com, mheidrich@realvest.com;
Janice Paiano, Marketing Director, NAI Realvest , 407-875-9989 jpaiano@realvest.com;
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142
Posted by Alex at 8:04 AM 0 comments
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Realvest Development Acquires 39.5-Acre Parcel for Development of Bartow CommerCenter

MAITLAND, FL – Realvest Development, a division of Realvest Holdings, recently acquired a 39.5-acre site at 91 Mine Rd. in Bartow for $2.25 million.

George Livingston, (photo at left) chairman, associate Drew Saphos, and Christie Alexander, (photo top right) a principal at NAI Realvest, negotiated the sale. Overkill Hill Farms, a Lakeland firm, was the seller.

Livingston said Realvest Development plans to develop and manage a regional industrial facility on the site. Bartow CommerCenter will feature a total of some 400,000 square feet of industrial space that will include facilities for lease and for sale.

For more information, please contact:

George Livingston, Chairman, Realvest Holdings 407-875-9989 glivingston@realvest.com
Christie Alexander, Principal NAI Realvest 407-875-9989 calexander@realvest.com
Drew Saphos, Associate, NAI Realvest 407-875-9989 dsaphos@realvest.com
Larry Vershel or Beth Payan, Larry Vershel Communications Inc., 407-644-4142
Posted by Alex at 7:44 AM 0 comments
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