International Shoppes in Orlando Listed for Sale at $15.5M

ORLANDO, FL-– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for International Shoppes, (top right photo) a 72,897-square foot retail plaza in Orlando.

The listing price of $15.5 million represents $213 per square foot.

Anthony Louie and Toufic Simaan, both investment specialists in the Orlando office of Marcus & Millichap, are representing the seller.

“International Shoppes is an excellent opportunity for an investor to acquire a well-positioned shopping center that is situated in one of Orlando’s most dynamic retail corridors and benefits from multiple economic drivers, including convention traffic, tourism, residential developments and nearby employment centers,” says Simaan.

“Additionally, there is an attractive loan assumption, which is extremely valuable given the difficult lending environment and turmoil in the credit markets.”

Located at the southeast corner of International Drive and Kirkman Road, the multi-tenant shopping center is situated on 5.64 acres in a major thoroughfare with more than 3 million square feet of retail space and 4 million square feet of convention space.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

Marcus & Millichap Names Mark Villanueva a Director of National Self-Storage Group in Austin, TX

AUSTIN, TX– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Mark Villanueva (top right photo) of Austin, a director of the firm’s National Self-Storage Group in Austin, according to Steve Ekovich, (bottom left photo) national director of the firm’s National Self-Storage Group.

“Mark’s extensive knowledge of the self-storage market in Austin and throughout Texas will continue to make him a valuable asset for our clients and fellow agents in the National Self-Storage Group,” comments Ekovich.

Villanueva joined Marcus & Millichap in March 2005 and was promoted to associate in August 2006. Currently serving as a senior associate, Villanueva has closed more than $63 million in transactions. He is currently listing more than $79 million in self-storage inventory that is either in escrow or on the market throughout the state of Texas.

Villanueva was named a top investment associate in Texas in Marcus & Millichap’s National Self- Storage Group in 2006 and 2007. He also received sales recognition awards in 2006, 2007 and 2008.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

Cotter-Ryan Commercial to start Two-Story, 20,000 SF Headquarters Building at Savannah Park at Heathrow, FL

LONGWOOD, FL --- Cotter-Ryan Commercial, LLC will start construction of a two-story, 20,000 square foot office building in December at Savannah Park at Heathrow in Lake Mary.

William Turner, (bottom left photo) director of operations at Cotter-Ryan, said the firm plans to occupy 6,000 square feet of office space in the new building.

Cotter-Ryan Commercial will lease the remaining space, said Turner.

The building, expected to open in May of next year, will cost an estimated
$2 million to build.

For more information, contact
Jessica Bush, Cotter Ryan Commercial, LLC 407-786-7686
Scott Ryan, President Cotter Ryan Commercial LLC 407-786-7686
William Turner Director of Operations Cotter Ryan 407-786-7686
Larry Vershel, Larry Vershel Communications 407-644-4142

Cushman & Wakefield Negotiates Central Florida's Largest Industrial Investment Sale

TAMPA, FL-– Cushman & Wakefield negotiated the sale of Breckenridge Park (top right photo) in Tampa, Florida. This represents Central Florida’s largest industrial sale this year in terms of total price and price per square foot. The transaction closed on October 15, 2008.

The sale included fifteen flex buildings, for a combined total of 332,582 rentable square feet. This is the 12th Capital Markets transaction closed by The Davis Team since January, 2008.

Mr. Davis was quoted as saying, “Despite difficult market conditions, investors continue to find
Central Florida an attractive market to acquire Real Estate.”

Executive Director Mike Davis (Capital Markets) and Associate Director Rick Brugge, CCIM (Capital Markets) negotiated the sale on behalf of the seller, Americas Capital Partners. The buyer was the Adler Group, Inc.

Contact: Debbie P'Simer, Brokerage Coordinator, The Davis Team, Cushman & Wakefield, Inc., One Tampa City Center, Suite 3600, Tampa, Florida 33602. PH 813 204 5333.

Marcus & Millichap Capital Corp. Arranges $1.97M on 3 New York Deals

APARTMENT BUILDINGS IN MANHATTAN AND QUEENS GET $873,000 LOAn

NEW YORK, N.Y.– Marcus & Millichap Capital Corporation (MMCC) has arranged an $873,000 fixed-rate loan to refinance two apartment buildings located at 439 Bleecker St. in Manhattan and 119-154 Hillside Ave. in the Richmond Hill section of Queens.(top left site map)

Sean Mooney, an associate director in the firm’s Brooklyn office, arranged the financing package for this two-building New York City apartment portfolio.

“The properties were financed as a portfolio with release provisions so the borrower could sell, refinance or convert the apartment to condos separately,” says Mooney. “MMCC was able to offer the borrower a unique finance package that gave them the flexibility they were seeking, as well as obtaining the best rates and terms.”

Financing for this transaction was provided by a commercial bank at a 6.38 percent fixed rate. Terms of the loan are for 5 years with a 30-year amortization schedule. Loan-to-value was at 60 percent for 439 Bleecker St. and the LTV for 119-154 Hillside Ave. in Queens was 70 percent.

BROOKLYN APARTMENT BUILDING RECEIVES $800,000 LOAN

BROOKLYN, NY--Marcus and Millichap Capital Corporation (MMCC) has arranged an $800,000 fixed-rate loan to refinance a 10-unit apartment building located at 132 Lafayette Ave. in Brooklyn. (middle right site map)

Sean Mooney, an associate director in the firm’s Brooklyn office, arranged the financing package for the apartment building.

“The property had multiple environmental challenges that we had to resolve in order to obtain optimal financing,” says Mooney.

“MMCC was able to remedy the issues and execute the transaction three weeks before the closing deadline.”

Financing for this transaction was provided by a commercial bank at a 6.13 percent fixed rate. Terms of the loan are for 5 years with a 30-year amortization schedule. Loan-to-value was 75 percent.

HARLEM OFFICE BUILDING IN MANHATTAN OBTAINS $300,000 LOAN

NEW YORK, N.Y.– Marcus & Millichap Capital Corporation (MMCC) has arranged a $300,000 fixed-rate loan to refinance an eight-unit apartment building located at 109 W. 130th St. in Manhattan’s Harlem neighborhood.

Sean Mooney, an associate director in the firm’s Brooklyn office, arranged the financing package for the Harlem apartment building.

“The borrower faced some challenges in obtaining financing for the property,” says Mooney. “MMCC was able to navigate through the complex legal structure of the deal, which resulted in minimizing tax implications for the borrower.”

Financing for this transaction was provided by a commercial bank at a 6.38 percent fixed rate. Terms of the loan are for 5 years with a 30-year amortization schedule. Loan-to-value was 70 percent.

Press Contact: Kathy Molitor, Marcus & Millichap Capital Corporation, (925) 953-1704

NAI Realvest Negotiates Hunter's Creek Office Condo Sale to State Farm Insurance Agency

ORLANDO, FL-- NAI Realvest has negotiated a $401,850.00 sale price for a 2,679 square foot office condo at 12908 Orange Blossom Trail in Park Place at Hunter’s Creek in southwest Orlando. (bottom left site map)

Michael Heidrich, (top right photo) principal at NAI Realvest, negotiated the transaction representing the seller Park Place at Hunter’s Creek, LLC.

Tony Lopez Holdings, LLC purchased the property for a State Farm Insurance agency.


For more information, contact:

Michael Heidrich, Principal, NAI Realvest 407-875-9989 mheidrich@realvest.com

Janice Paiano, Director of Marketing, NAI Realvest 407-875-9989 jpaiano@realvest.com

Beth Payan, Larry Vershel Communications, 407-644-4142

Choice Hotels Announces the Fifth Cambria Suites Hotel for Georgia

Contemporary New Upscale Hotel Brings Form, Function and Style to Suwanee/Duluth Area.

SILVER SPRING, MD/PRNewswire-FirstCall/ -- Development of the new upscale lifestyle hotel Cambria Suites (top right photo) continues to grow with the execution of another franchise agreement for a property in Suwanee, Georgia, just outside of Duluth--the fifth Cambria Suites hotel planned for the state.

The hotel will be owned by Duluth-based developer Satellite Hospitality Group, LLC. The Cambria Suites brand, franchised by Choice Hotels International, Inc. (NYSE:CHH) currently has 63 properties under contract nationwide and in Canada.

"This type of stylish upscale all-suites hotel is not only new to Suwanee and Duluth but to the industry overall," said Bob Kourieh of Satellite Hospitality Group and owner of the future Cambria Suites Suwanee.

"I think business and leisure travelers alike will welcome a product like Cambria Suites with open arms. With everything from its state-of-the-art fitness center to its large guest suites to its social lobby atmosphere, it's truly a breath of fresh air for guests."

The 100-room Cambria Suites hotel will be located at or near 1222 Satellite Blvd., just minutes from the Gwinnett Convention Center and the new AAA baseball stadium currently under construction at the Mall of Georgia

Web sites:

http://www.cambriasuites.com/

http://www.choicehotels.com/

NAIOP Central Florida Raises $25,500 for UCF's New Dr. P. Phillips School of Real Estate

ORLANDO, FL – The Central Florida chapter of the National Association of Industrial and Office Properties (NAIOP) raised $25,500 to benefit UCF’s new Dr. P. Phillips School of Real Estate at its 11th annual “Rumble Food & Wine Festival” which drew 135 commercial real estate professionals to the Winter Park Farmer’s Market on October 23.

A full-tuition UCF Executive MBA scholarship valued at $44,000 was auctioned for $18,000 to benefit the Jim Heistand/NAIOP Endowed Eminent Scholar Chair at UCF’s new Dr. P. Phillips School of Real Estate originally spearheaded by NAIOP Central Florida chapter.

The scholarship was donated by the Executive Development Center at UCF’s College of Business Administration.(bottom right photo) To date, NAIOP’s Central Florida chapter has contributed $564,500 toward its $600,000 commitment to UCF.

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

Mercantile Commercial Capital, LLC, Closes on Four New Commercial Loans that Total $4.5M

ALTAMONTE SPRINGS, FL--- Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed on four commercial loans in September that total $4.5 million.

Christopher G. Hurn, (top right photo) co-founder and president of Mercantile Commercial Capital, said the largest loan---$2.35 million---went to a California landscaping company.

In September Mercantile Commercial Capital closed on two loans to Arizona companies and one to a Florida-based firm.

Since January, Mercantile Commercial Capital has closed on 33 loans to clients in 18 states that total $57.5 million.

Altogether, the loans helped to create 401 new jobs.

For more information contact
Chris Hurn, Mercantile Commercial Capital, LLC 407-786-5040
Robin Lashley, Mercantile Commercial Capital, LLC 407-786-5040
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

GVA Advantis Hires Maria Camarinos Hall as Office Associate in Tampa, FL

TAMPA, FL-– GVA Advantis has hired Maria Camarinos Hall (top right photo) as an associate of office services for its Tampa office where she will concentrate on both landlord and tenant representation.

“Maria is accustomed to working with clients who deserve a lot of personal attention and focus on details,” says Managing Director Lucas Hewett. (bottom left photo) “She will fit right in with our client-oriented culture.”

Most recently Hall was with UGL Equis where she worked with both local and national clients, including the General Services Administration, OmniCare and Adecco Employment Services.

Hall graduated with honors from the University of Tampa at age 19 with a bachelor’s degree in communications. She entered the University of Tampa as a junior after applying a record number of college credits earned at Admiral Farragut Academy, the only Naval Honor high school in the country.

She was born and raised in St. Petersburg, Fla. and has worked in sales in the Tampa Bay area for the last nine years.

CONTACT:

Lisa Hyde, GVA Advantis, 3000 Bayport Drive, Suite 100. PH 813.342.4752
LHyde@gvaadvantis.com

CBRE's David Murphy to Speak at NAR National Conference and Expo in Orlando, FL

ORLANDO, FL- - David Murphy, (top right photo) Senior Vice President with the Orlando office of CB Richard Ellis, has been invited by the National Association of Realtors to speak at their national conference to be held in Orlando, FL Nov. 7 through the 10th at the Orange County Convention Center.

Over 25,000 Realtors from around the country are expected to descend on Orlando for this event.

Murphy is well known as being a leader in the Orlando industrial market, but what few may not know is that Murphy actually began his career selling residential real estate 19 years ago.

Murphy will be speaking to the Realtor organization about how he made the successful transition from selling houses to working on large industrial real estate deals.

Murphy attended the 2007 CBRE Recognition Conference as one of the company's top 225 agents, and has been named NAIOP of Central Florida Industrial Broker of the Year for five consecutive years.

CONTACTS:

angelique.greven@cbre.com

david.murphy@cbre.com