Wednesday, December 21, 2011

Two New Faces at Marcus & Millichap

W. Michael Cavner Joins Newport Beach, CA Office

NEWPORT BEACH, Calif., Dec. 19, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has hired W. Michael Cavner (top right photo) as a senior associate, according to Kent R. Williams (top left photo), a senior vice president and managing director of the firm.

Prior to joining Marcus & Millichap, Cavner was a principal at Irvine, Calif.-based Investment Property Group.

“Many successful agents are realizing that they need much more than just a smart phone and Internet access to meet and exceed their clients’ expectations,” says Williams.

“The resources offered by our firm – unparalleled access to a nationwide pool of private investment capital, in-depth research on a property-specific and submarket-specific level, along with a 40-year track record of expertise in the investment sector – are the keys to not only satisfying clients, but building wealth for them.”

In his new post as a senior associate in the Newport Beach office of Marcus & Millichap, Cavner specializes in the sale of Orange County multifamily properties.

Matthew LoPiccolo is the New Retail Properties Specialist in San Diego Office

SAN DIEGO, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has hired Matthew LoPiccolo (lower right photo), according to John Vorsheck (bottom left photo), regional manager of the San Diego office.

Prior to joining Marcus & Millichap, LoPiccolo was an investment specialist at Capital Real Estate in San Diego.

LoPiccolo will specialize in the sale of retail properties throughout San Diego County.

“Matt has strong ties to the San Diego real estate industry,” says John Vorsheck, regional manager of Marcus & Millichap’s San Diego office.

“Having been raised in a real estate family, he brings a lifetime of experience to his position as a retail investment specialist. With his impressive list of clients and strong sales experience, Matt will help us capture significant market share in the local retail investment sector.”

After graduating from Michigan State University with a degree in communications and business, LoPiccolo worked as a project manager for his family’s residential development company, where he managed 40 residential projects over a two-year period.

In 2007, he was hired as an investment specialist at Capital Real Estate, a local boutique brokerage firm, where he brokered the sale of retail assets. Before leaving Capital Real Estate, LoPiccolo was the firm’s top-producing agent.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

NAI Realvest Negotiates Renewal Agreements with two long-time tenants at The Citadel in Southeast Orlando, FL

ORLANDO, FL – NAI Realvest recently completed two lease renewal agreements for a total of 1,858 square feet of office space at The Citadel (top left photo) located at 5950 Hazeltine National Drive in Southeast Orlando.

Mary Frances West (top right photo) CCIM, senior broker associate at NAI Realvest, negotiated the transactions representing the landlord, Citadel Partners, LTD, based in The Villages, Fla.

Noresco LLC, who has been a tenant in Citadel III since 1999, renewed its lease of Suite 510 with 1,010 square feet. Noresco is a premier energy service company headquartered in Westborough, Mass.

JTB International, Inc., a Japan-based company that specializes in group and individual travel reservations and tours, renewed its lease of Suite 250 with 848 square feet in the Citadel International building where JTB has been a tenant for over 10 years.

For more information, contact:

Mary Frances West, CCIM, Senior Broker-Associate NAI Realvest, 407-875-9989,;

Patrick Mahoney, President, NAI Realvest, 407-875-9989,

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

NAI Realvest Negotiates Office Lease at Alafaya Corporate Center; Wise up is the new Tenant

ORLANDO, Fla. – NAI Realvest recently negotiated a new lease agreement for 2,045 square feet of office space at Alafaya Corporate Center (middle right photo), 2000 North Alafaya Trail, Suite 900, in east Orlando.

Robert Blackwell (middle left photo), SIOR, a principal at NAI Realvest, brokered the transaction representing the tenant, 9801 Investment LLC d/b/a Wise Up, a language school that teaches English as a second language.

The landlord, represented by Faith Thompson, is Orlando-based Alafaya Corporate Center LC.

For more information, please contact:

Robert Blackwell, SIOR Principal, NAI Realvest, 407-875-9989

Patrick Mahoney, President NAI Realvest, 407-875-9989

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

NAI Realvest Negotiates New  Class A Office Lease for Nationwide Employee Recruitment Firm headquartered in Central FL

ORLANDO, Fla. --- NAI Realvest recently negotiated a new lease agreement for 4,108 square feet of Class A office space at 429 S. Keller Rd., Suite 225 in the Maitland Center area of Orlando.

Senior Associate Mary Frances West, CCIM negotiated the transaction representing the tenant Crawford Thomas, LLC, a nationwide employee recruitment firm relocating its headquarters from Lake Mary.

The landlord, Keller Road, LLC of Orlando was represented in the negotiations by Jeff Bloom (lower right photo) of Coldwell Banker Commercial NRT.

For more information, contact:

Mary Frances West, CCIM, Senior Broker-Associate NAI Realvest, 407-875-9989;

Patrick Mahoney, President, NAI Realvest, 407-875-9989

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

Voit Directs Acquisition of 60,000 SF Shopping Center in Murrieta, CA

INLAND EMPIRE, CA (Dec. 21, 2011) – Voit Real Estate Services’ San Diego office has successfully directed the $8.5 million acquisition of Margarita Center (top and lower left photos), a 60,390 square-foot retail property located at 39520-40 Murrieta Hot Springs Road in Murrieta, Calif.

This neighborhood shopping center is anchored by Fresh & Easy, and has eight retail suites ranging from 1,300 square feet to 10,700 square feet.

Todd Holley (middle right photo), Vice President in Voit’s San Diego office, represented the buyer, Mon Mon, LLC.

“The Voit team quickly identified the client’s needs and negotiated the lowest price per square-foot for this property, closing the deal in under a week,” said Holley. “The shopping center was built in 2008 and has excellent lease potential due to its central location on the southwest corner of Murrieta Hot Springs Road and Margarita Road.”

The seller, MS Kearny CPB 3 LLC, was represented by John Read, Patrick Toomey and Phillip Voorhees of CB Richard Ellis.

The buyer intends to lease the available space in the multi-tenant retail center, according to Holley.

Voit Real Estate Services is now a 10 office commercial real estate firm that, through its brokerage and asset services professionals working together, provides strategic property solutions tailored to clients’ needs.

Combining 40 years of expertise in property management, investment advisory, financial analysis, market research, asset management, tenant advisory and brokerage services, Voit provides clients with forward looking strategies that create value for their assets and portfolios.

Voit is a privately held, debt-free firm that has successfully navigated numerous market cycles since 1971 and currently employs more than 250 people.

Voit has owned, developed and managed over 45 million square feet of commercial real estate, participated in $1.35 billion of construction projects and completed over $33 billion in brokerage transaction volume.

Further information is available at

Judith Brower
Brower, Miller & Cole
(949) 955-7940

U.S. Citizenship and Immigration Services Takes Occupancy of 46,000 SF in Phoenix, AZ

PHOENIX, AZ, Dec. 20, 2011 – U.S. Citizenship and Immigration Services has taken occupancy of a 46,081-square-foot field office located at 1330 South 16th Street (top left map) in Phoenix, Ariz.—a site situated just west of Sky Harbor International Airport (lower right photo) at the juncture of Interstates 10 and 17, and within the Discovery Triangle.

Jones Lang LaSalle professionals Julie Rhoades, Suzanne Drake and Yolanda Morgan represented the government in the award of this 10-year U.S. General Services Administration’s (GSA) lease. Lynn Newhall of DOXA Central, LLC represented the building owner, DOXA South, LLC.

This lease is an adaptive re-use / urban renewal project with the GSA, revitalizing an abandoned facility at this infill site. The entire building was completely gutted and renovated using USGBC guidelines to pursue LEED core and shell certification.

Located in a Phoenix Enterprise Zone, the building offers easy access to public transportation, including light rail. Formerly, the building was a grocery store and pharmacy.

The impact of this procurement on the local area will result in a new parking lot, parking lot lighting, new landscaping and 120 additional employees in the neighborhood who will utilize restaurants, banks and other retail outlets. The agency is projected to serve 36,000 customers per year.

According to its website, GSA’s leased portfolio contains more than 7,100 separate properties—totalling approximately 189 million square feet—dispersed across the United States.

Since 2005, Jones Lang LaSalle has assisted GSA in the award of more than 1,000 leases. Nationwide, the firm is currently assisting on more than 525 lease procurements for Federal civilian departments and agencies across the executive, legislative and judicial branches.

Stacey Hershauer
Marketing & Public Relations
(480) 600-0195

ADA Provides Loan to Atlanta Restaurant Owner; Funds Will Help Company Renovate Space for White Oak Kitchen & Cocktails

ATLANTA, GA (Dec. 21, 2011) – Atlanta Development Authority has closed a $125,000 loan to an Atlanta company that will help it open a new restaurant that creates 50 new jobs in the city.

ADA provided the loan to Peachtree Baker, LLC, which will open White Oak Kitchen & Cocktails (top left photo) in the office tower at 270 Peachtree St. in downtownAtlanta.

The restaurant is part of the Brewed to Serve Restaurant Group, Inc., which also owns Max Lager’s Wood-Fired Grill & Brewery about a block away. Brewed to Serve has operated in the city for more than 13 years.

The restaurant’s owners, Cindy (top right photo) and Alan LeBlanc (middle left photo), will use the ADA-sponsored loan to help pay for renovation of the former All-Star CafĂ© space, which is expected to cost $1,275,000. White Oak Kitchen & Cocktails will serve Southern cuisine and is expected to open early next year.

"Since establishing Max Lager's Wood-Fired Grill & Brewery over 13 years ago, there has been one organization that has truly supported our business and helped us grow,” Alan LeBlanc said. “That organization has been the Atlanta Development Authority.

“When it came time to expand once again,” LeBlanc continued, “they were ready to assist us with the financing for our second downtown restaurant, White Oak Kitchen & Cocktails, where we look to create another 50 jobs."

The loan is significant because it will allow the LeBlancs to open a restaurant in a space that’s been vacant for several years while bringing new jobs to the city.

“This loan will do precisely what our program intended – help an Atlanta company expand and create new jobs,” said Lonnie Saboor (lower right photo) manager of small business finance at Atlanta Development Authority.

Atlanta Development Authority provides financial and technical assistance to small, minority and female-owned businesses to expand and/or relocate in the city. The loans are made available through the City of Atlanta.

For more information about how ADA can provide loans to small businesses in Atlanta, please visit the Entrepreneurs & Small Business page on the ADA website, or call ADA at 404-880-4100.

 Media Contact:

Tony Wilbert                                           
Wilbert News Strategies
404-965-5022 (O) 404-405-3656 (C)