Southern Commercial Real Estate Advisors Completes 70,362-SF New Lease

 ORLANDO, FL., Jan. 11, 2009-- Principal Moses L. Salcido, (top left photo) SIOR of Southern Commercial Real Estate Advisors completed a 70,362 square foot new lease at 8420 Boggy Creek Road, Orlando, Florida.

Salcido negotiated the lease, representing the Landlord, DCT Industrial. The tenant, Coca-Cola Enterprises, Inc. was represented by Lisa Bailey of Morrison Commercial Real Estate.

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, (bottom right photo)  Jr., CCIM, SIOR and Tom McFadden, SIOR (bottom left photo) 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 $250 million dollars.

The company presently handles 7.2 million square feet of existing product and another 1,000,000 square feet of planned or product under construction.

Media Contact: Celeste MacKenzie Southern Commercial Real Estate Advisors, 321-281-8503 20 N. Orange Avenue, Suite 605, Orlando, FL 32801cmackenzie@southercommercialre.com

Morrison Commercial Real Estate Completes 74,693 SF of Leases in Orlando

ORLANDO, FL (Jan. 11, 2009): Greg Morrison, (top left photo)  CCIM, SIOR, Principal and Founder of Morrison Commercial Real Estate, announced the completion of two office and industrial lease transactions totaling 74,693 square feet in Orlando, FL.

Lisa Bailey (top right photo)  of Morrison Commercial Real Estate completed both transactions in the last week of December 2009. Bailey, representing an undisclosed tenant, completed a new lease totaling 70,362± square-feet located at 8420 Boggy Creek Road in Orlando.

Bailey also completed a new lease for Winter Park Urology Associates Professional Association totaling 4,331± square-feet at the Northlake VII property located in Altamonte Springs.

Founded by Greg Morrison, a 23-year veteran of the Central Florida commercial real estate market, Morrison Commercial Real Estate is a full-service brokerage firm specializing in the office sector.

Headquartered in Downtown Orlando, our professional experience and extensive knowledge of the Central Florida market enables us to achieve maximum transaction value, and optimal return on investment for our clients.

Morrison Commercial Real Estate provides landlord, owner and tenant representation services in leasing, buying, selling and site selection of commercial property in Central Florida.

Contact: Buffy Gillette, Administrative Assistant, 407.219.3500 x 290 , 407.219.3501 fax, bgillette@morrisoncre.com, http://www.morrisoncre.com/

Dikman Brokers New Leases for Three Firms

Williamson Dacar Subleases 3,384 SF in Clearwater, FL

TAMPA, FL -- The Dikman Company, Inc. announced  that Willaimson Dacar Associates has subleased 3,384 SF at 15500 Lightwave Drive in Clearwater.

Williamson Dacar Associates is an architectural/engineering firm that has earned a reputation for high quality programming, planning, and design of both renovations and new construction projects for a variety of government, primary, secondary and higher education clients as well as private clients. Some of their award winning projects have included Bayside High School in Clearwater, the Performing Arts Building at Hillsborough Community College and the R.B. Stewart Middle School in Zephyrhills.

Ben Dikman of The Dikman Company represented the Sublessor.

The Manno Corp.  Inc moves to Howard Avenue in Tampa, FL

TAMPA, FL) -- The Dikman Company, Inc. announced tthat The Manno Corporation, Inc. has leased Suite 101 located at 1315 S. Howard Ave., Tampa, Florida consisting of 1,025 SF.

The Manno Corporation, Inc., a commercial painting contractor, 100% woman-owned and operated organization and certified Women Business Enterprise (WBE).

Licensed in Alabama, Arizona, California, Florida, Louisiana, and Mississippi with pending license in Arkansas, The Manno Corporation, Inc. has been in the commercial painting business for over 12 years and upholds a trustworthy and professional reputation across the nation in midrise condos and apartments, student housing, single family and multifamily homes.

In 2010, their goal is to expand into working with sheetrock projects, and to continue the growth of Vidmar Roofing, the sister company.

Bob Dikman represented the Lessor. Ben Dikman of The Dikman Company represented the Sublessor.
 
Diana Acrylics, Inc. moves to East Tampa


TAMPA, FL-- The Dikman Company, Inc. announced today that Diana Acrylics, Inc. has leased 7,500 Square Feet located at 2604 Tampa East Boulevard in East Tampa.

Diana Acrylics, Inc. began as a small company designing custom acrylic podiums (also known as lecterns) for mostly churches in May 2007.

In less than a year, Diana Acrylics, Inc. provided podiums for colleges, news stations, political and public speakers, and lecture halls. In addition to the podiums, Diana Acrylics, Inc. produces skylights, playground domes, signs, machine wear discs/plates, medical devices, and safety devices such as fire extinguisher covers and machine button guards.

Bob Dikman of The Dikman Company represented the Lessor.
 
Contacts: 
Ben Dikamn or Bob Dikman, ,  813/251-5288
Renee Tate, 813/251-5288, rtate@dikman.com

Fresh Hopes and Fears in Realty Capital Markets, Says RECI

CHICAGO, IL, Jan. 11, 2010 - The start of a new decade adds fresh hopes and fears in the realty capital markets.


The Fed's persistence in supporting lower rates is helping to avert more financial suffering from increased cost of capital. Investors are encouraged to gravitate from low-yielding governmental debt.

Dual-personality investing prevails as many of these same investors seek relief on legacy assets, while trolling for fresh new assets based on more attractively reset prices.

How are capital markets positioned for this new decade and what are the key trends starting off the year?

· Oversubscribed Monies:

More funds exist than placement opportunities. Buyers expect lower prices and sellers don't want to realize heavy losses unless under duress. During the past year public funds (mainly REITs) raised more than twenty-five billion dollars of equity for income properties funds.

· Redefined Pricing Expectations:

Sellers are reluctant to unload legacy assets at deep discounts, contrary to market logic given today's stagnant economy. Investors targeting performing assets for traditional property types remain disappointed in trying to acquire seemingly distressed, value-add and Core-plus deals.

Overall returns of 20% or more targeting shorter holding periods are sparse in major markets. Such investors will need to expand risk horizons and lower return expectations to include longer holding periods, more diverse property types and non-gateway markets.

· Replacement Cost Metrics:

Investors willing to forgo immediate returns rise as winning bidders. Mostly private and overseas funds, these players understand values based on replacement costs, as well as currency plays.

Overall returns are ignored, instead focusing on extremely low costs per unit, assuring limited probabilities of competition from new construction over the long term.

· Rising Liquidity:

Last year numerous major investors reported plunging transaction volume levels of as much as 90%. As 2009, will be remembered for limited activities in the capital markets, this year should see more deals as financial institutions liquidate sub-performing assets.

However a dearth of activity is not expected; rather a modest pace at first.

· Looming Loan Maturities:

As much as a half-trillion dollar of debt will mature this year with limited prospects of refinancing other than the current funding sources, in most cases. Furthermore, 2011-12 maturities are at similar levels.

Many believe further government intervention will continue as few economically justifiable "rescue capital" solutions surface.

The Institute's Advisory Board Member, John Oharenko (top right photo) believes, "We're bouncing along the market bottom as values continue to slide, but a less dramatic levels."

He suggests, "Some of the greatest investment opportunities lie ahead, especially for those buyers willing to sacrifice current return and relying upon overall market momentum to improve during the next three to five years."

Call the Real Estate Capital RateLine at 7RE-CAPITAL (773-227-4825) for hourly rate updates.

Contact: Nat Zvislo, Research Director, Toll Free 800-994-RECI (7324), director@reci.com / http://www.reci.com/

Veteran Atlanta Realtors Form Joel & Granot Commercial Real Estate

ATLANTA, GA  (Jan. 11, 2010)—Alan Joel (top right photo)  and Dan Granot (top left photo) have merged their successful commercial real estate firms to create Joel & Granot Commercial Real Estate.

The new company, which officially opened for business Jan. 4, is a boutique brokerage firm providing services such as tenant representation, investment sales, land sales and property management for clients of any size.

Joel & Granot Commercial Real Estate’s two principals will be involved in each transaction, offering clients direct access and expertise not typically found at mega-brokerages and one-man shops.

“Dan and I are of the same mindset that every client, regardless of size, is important,” Joel said. “The philosophy of Joel & Granot Commercial Real Estate is customer driven, and every transaction Joel & Granot is involved in will get both principals’ attention.”

Granot agreed: “Real estate is a relationship business, and at Joel & Granot, we’ll use our extensive networks to ensure our clients receive the best professional representation in each deal,” Granot said. “Clients rely upon brokers they trust for vital market information and advice, and that is what we will deliver.

“This is especially important given the uncertain economic times,” Granot added. “Alan and I can help clients navigate these challenging times using our combined experience.”

Combined, Alan Joel and Dan Granot have more than 40 years of experience representing tenants and closing complex real estate transactions. Their combination of experience, skills, talents and relationships throughout the country can provide unparalleled opportunities for clients who prefer veteran real estate brokers.

Joel started Alan Joel Partners, a commercial real estate brokerage and investment firm, 14 years ago after being the top producer at a national firm for five consecutive years.

Joel grew Alan Joel Partners into one of Atlanta’s most-respected commercial real estate firms. In the past two years, Joel has closed more than 100 transactions totaling over 200,000 square feet. In December, Joel was installed as 2010 president of the Atlanta Commercial Board of Realtors (the largest Commercial Realtor organization in the country with almost 3,000 members).

Granot began his career in commercial real estate in 1989 with a focus on tenant representation and his clients’ financial objectives.

In 2007, Granot founded Dan Granot & Company, a full-service commercial real estate firm specializing in tenant representation. Prior to starting his own firm, he served as executive of GVA Advantis, where he ranked as the Atlanta office’s top producer in 2005.

Joel & Granot is part of CORFAC International, an organization of independently owned commercial real estate services firms with local and regional expertise throughout the Americas and Asia.

“CORFAC International’s interests in the commercial office market in Atlanta have been represented by Alan Joel’s firm since 2003.

 His merger with Dan Granot’s practice only strengthens our corporate and tenant services in the market and will create greater transactional opportunities for our 150 affiliated offices around the globe,” said Owen Rouse, Jr., (bottom right photo) 2010 President of CORFAC International, who is also a senior vice president and partner with Manekin LLC/CORFAC International, based in Columbia Md.

CORFAC International is one of the largest commercial real estate services organizations in the world and celebrated its 20th year in 2009. U.S.-based CORFAC is comprised of privately held entrepreneurial firms serving more than 150 markets in The Americas and internationally through alliances with UK-based King Sturge, BDI in Mexico, Rios Commercial in Puerto Rico and Panama-based Latin American Corporate Property Services.

For more information on CORFAC contact 954-923-6160, info@corfac.com
 or visit http://www.corfac.com/.

Media Contact: Tony Wilbert, Wilbert News Strategies LLC, 404-888-3091 office/404-405-3656 cell, twilbert@wilbertnewsstrategies.com