Roger B. Kennedy Inc. Completes Two Jobs Valued at $20M

The Altamonte Springs, FL-based general contractor and construction manager completes new $15.6 million, 8-story, 268,000-square-foot Parkvue Condominiums and Offices at City Centre in downtown Kissimmee, FL (top right photo)

KISSIMMEE, FL – Altamonte Springs-based general contractor and construction manager Roger B. Kennedy, Inc. completed the new $15.6 million, 8-story, 268,000-square-foot Parkvue Condominiums and Offices at City Centre (top right photo) in downtown Kissimmee, FL. The project was designed by McMillen Design Group, Kissimmee.

Perennially ranked among Engineering News-Record’s “Top 400 U.S. Contractors,” the Kennedy organization has been in the construction business for over 135 years, and its experience has passed down from generation to generation.

Today, the award-winning company is comprised of industry professionals with all the resources needed for economical, on-time completion of a wide variety of projects. Roger B. Kennedy, Inc. specializes in hospitality, commercial, multi-family and healthcare projects including hotels, timeshare resorts, office buildings, medical buildings, condominiums and more.

Headed by Roger B. Kennedy, Jr.,(middle left photo) President, the company also ranks among the Orlando area’s largest construction companies and is one of Central Florida’s largest family-owned businesses. Its headquarters is located at 1105 Kensington Park Drive, Altamonte Springs, FL 32714, telephone (407) 478-4500.

Firm finishes new $4.8 million, 3-story Avalon Office Building bottom left photo) in Avalon Park in Orlando

ORLANDO, FL – Altamonte Springs-based general contractor and construction manager Roger B. Kennedy, Inc. completed the new $4.8 million, 3-story, 40,000-square-foot Avalon Office Building (bottom left photo) in Avalon Park in Orlando, FL.

The project was designed by SchenkelShultz Architecture, Orlando. In recent years, Kennedy also constructed the $10.6 million, 135,000-square-foot Avalon Mixed-Use Building II, the 18,000-square-foot Avalon Health Building, the Avalon Park band shell and Avalon Town Center park.

Contact: Kenneth H. Cristol, 407-774-2515

HFF arranges $36M in financing for 1401 K Street in Washington, D.C.

WASHINGTON, D.C. – The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged $36 million in financing for 1401 K Street, (above centered photo) a 124,706-square-foot Class A office building in Washington, D.C.

HFF senior managing directors Bill Asbill (top right photo) and Bob Donhauser (ltop left photo) and director Cary Abod (middle right photo) worked exclusively on behalf of Guardian Realty Investors, LLC to arrange the five-year, fixed-rate financing through AIG Investments.

The loan proceeds were used to acquire the property and establish reserves for future tenant improvements, leasing commissions and capital expenditures. HFF will service the loan.

“AIG Investments did a great job of accommodating a very tight closing schedule,” said Abod.

Located in the K Street corridor of Washington, D.C. on Franklin Square, 1401 K Street is within walking distance of the McPherson Square Metrorail station, the Red Line at Farragut North Metrorail station, The White House, the Treasury Department building and the Department of Commerce building. The property was renovated in 1997.

“K Street, which provides a well-known and prestigious location within Washington, D.C., attracts prominent lobbying groups, law firms, private and government-related organizations and others, and demands premium rents due to the convenient location and minimal vacancy,” Asbill added. “The rental rates are significantly below market which should result in significant growth in the cash flows.”

Guardian Realty Investors, LLC and its affiliates own and operate 49 office buildings totaling in excess of 3.5 million square feet in Washington, D.C., Northern Virginia and suburban Maryland. The company has been acquiring, developing, financing, leasing and managing office buildings for over 40 years.

HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. http://www.hfflp.com/.

CONTACTS:

William S. Asbill, HFF Senior Managing Director, 202 533 2500, wasbill@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com

GVA Advantis Negotiates New Leases, Renewals and Expansions in Metro Orlando

ORLANDO, FL -– GVA Advantis is pleased to announce the arrangement of the following new leases, renewals and expansions in Metro Orlando. Lisa Bailey, (top right photo) Senior Director, Office/Industrial Services of GVA Advantis’ Orlando office, represented the landlord in four of the transactions and represented the tenant in the remaining transaction.

· Hunt Construction Group, the nation’s #1 sports builder as ranked by Engineering News-Record, has signed a new lease for 3,691 SF at Atrium Tower, 7680 Universal Boulevard, Orlando.

· Fulfillment USA, a telemarketing firm specializing in debt collections, has signed a new lease for 2,970 SF at Gateway Business Park, 7700 Southland Boulevard, Orlando.

· American Management Services, a leading provider of turnaround and implementation-based profit improvement services to small and mid-sized businesses, has renewed its lease for 9,145 SF at Atrium Tower, (top left photo) 7680 Universal Boulevard, Orlando.

· Faneuil, Inc., which provides business process management and support services for the public sector, has expanded its space at Gateway Business Park, (bottom right photo) 7800 Southland Boulevard, Orlando, by 754 SF.

· Fox Family, LLC, a third-generation Florida-based company, has signed a long-term lease for 13,064 SF at the new LeeVista Commons Business Center, 6333 McCoy Road, Orlando. Bailey represented the tenant in this transaction.

Media Contact: Shelli Browning, 407.999.4775, sbrowning@gvaadvantis.com

Thomas D. Wood & Co. Brokers $8.35M in Two Loans in Florida and North Carolina

Forest Ridge Shopping Center in Asheville, NC Gets $7.2M Loan

Miami, FL-- Marshall Smith, (top left photo)Executive Vice President for Thomas D. Wood and Company, secured financing in the amount of $7,200,000 for the Forest Ridge Shopping Center in Asheville, North Carolina.

The loan was financed through one of Thomas D. Wood and Company’s correspondent life insurance companies at a permanent fixed-rate of 6.25%.

The fully-amortizing loan has a 15-year term and amortization, and a loan-to-value of 42%. The Wal-Mart-anchored shopping center is currently 164,672 square feet, and Wal-Mart plans to add a grocery component to their existing store by expanding their space by 40,000 square feet.

Forest Ridge Shopping Center is also home to major tenants Radio Shack and Subway, and is located at 1636 Hendersonville Road, Asheville, North Carolina.

For further information, please contact: Marshall Smith (305) 447-7820 msmith@tdwood.com or Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Tampa Applebee's and Brookwood Academy Financed

Orlando, FL— Jeff Schnupp, (bottom right photo) Vice President for Thomas D. Wood and Company, secured financing in the amount of $1,150,000 for Applebee’s Restaurant and Brookwood Academy.

Schnupp secured financing in the amount of $600,000 for Applebee’s Restaurant in Tampa, Florida.

Schnupp financed the loan through Thomas D. Wood and Company’s relationship with a national lender, at a permanent fixed-rate of 6.75%.

The loan term is 10 years, based on a 20-year amortization, and a loan-to-value of 23%. The 5,354 square-foot restaurant was built in 1999 and is located at 10606 Sheldon Road, Tampa, Florida.

Schnupp arranged financing in the amount of $550,000 for Brookwood Academy in Tampa, Florida. Schnupp financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed-rate of 6.50%.

The loan term is five years, based on a 25-year amortization, and a loan-to-value of 41%. The 8,200 square-foot children’s learning center was built in 1995 and is located at 3820 Coconut Palm Drive, Tampa, Florida.

For further information, please contact: Jeff Schnupp (407) 937-0470 jschnupp@tdwood.com

or Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Arbor Closes Two Loans Totaling $3.5M in Michigan and Indiana

$3,000,800 Fannie Mae DUS® Loan Closed on Mayfair Apartments in Jeffersonville, IN

Uniondale, NY -– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, has funded a $3,000,800 loan under the Fannie Mae DUS® product line to refinance the 244-unit complex known as Mayfair Apartments (top right photo) in Jeffersonville, IN.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.54 percent.

The loan was originated by Patrick McGovern, (middle left photo) Director, in Arbor’s full-service New York, NY lending office. “Arbor was able to provide refinancing through our Fannie Mae DUS program for a first-time borrower in a challenging market.” said McGovern.

Arbor Closes $500,000 Fannie Mae DUS® Small Loan on Roseville Townhouses Cooperative in Roseville, MI

Uniondale, NY -– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the funding of a $500,000 loan under the Fannie Mae DUS® Small Loans product line to refinance the 155-unit complex known as Roseville Townhouses Cooperative in Roseville, MI.

The 28-year, 6-month loan amortizes on a 28-year, 6-month schedule and carries a note rate of 7.14 percent.

The loan was originated by Michael Jehle,(bottom right photo) Director, in Arbor’s full-service Michigan lending office.

“The members of this cooperative decided to take advantage of Fannie Mae’s Supplemental Loan Program, which allowed them to borrow additional funds on top of their original mortgage funded in 2006 for further capital improvements to their property,” said Jehle.

Contact: Ingrid Principe, Tel: (516) 506-4298, iprincipe@arbor.com